The Sun.
London, England, 1861-05-31 00:00:00

TUE SUN LONDON, FRIDAY EVENING, MAY 31, 1861.

ally scattered to the winds by Lord JOHN RUSSELL'S
indignant denial, and by Lord PALMERSTON'S scorn-
ful and laughing refutation of them.

THIRD EDITION.

SUN OFFICE, Seven o'clock.

~~~.

advisable to discuss tho subject until it had been consid
and reported upon by Sir George Grey.

THE VACANT SEATS.

Sir G. C. LEWIS announced that it was his intention
to intrsduce a bill next Thursday for the appropriation of
the four vacant Parliamentary seats.
THE GALWAY CONTRACT AND THE PAPER

DIONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

The transactions in the Foreign and Colonial
Produce Markets during the last few days have
been interrupted by the absence of many of the
dealers at the Derby, and few dealings have been
reported. Sugars have slightly given way in price,
while inferior descriptions of coffee have also de-
clined. For tea there has been scarcely any in-
quiry, and quotations are unaltered. Rice, spices,
and fruit have only been dealt in to a liniited ex-
tent at about former rates: The tallow market has
continued dull, and but little speculative business
has been entered upon, prices showing a downward
tendency, owing to the opening of the navigation
to St. Petersburg.

In the Liverpool Cotton Market, yesterday, a
fair amount of business was transacted, the sales
having reached 10,000 bales, 2,000 of which were
for export and on speculation. Prices, however,
were firmly maintained.

A further sum of £30,000 in gold was added to
the stock of bullion in the Bank of England yester-
day.
The Pera has arrived from Alexandria with
£348 in specie.
The Prince'of Wales has also arrived from Pert
Phillip with about £90,000 in specie.

The Bohemian, which left yesterday for Quebec,
took £45,200 in specie.
At a meeting of the creditors of Messrs. P. Hana
and Co., Greek merchants, held yesterday, it was
resolved to adjourn to the Ist August, and in the
meanwhile the firm are to continue to realize the
estate. The liabilities arc £66,965, and the assets
£68,286, besides a large amount of private
property.

At the forthcoming meeting of the Bank of
British North America, a dividend will be proposed
at the rate of 6 per cent. per annum.

A moderate amount of business has been trans-
acted in the market for Public Securities to-day,
and prices have shown au upward tendency, owing
to purchases based upon the majority obtained last
night by the Ministry. Consols are 911 -,7-4 for
money, 918 92 for the 6th June, and 921 for July.
The New Threes are firmer at 891 ; the Reduced
at 891 8 ; Exchequer Bills are steady at 6s. to ss.
dis ; Bank Stock is at 2339 and 234 ; and India
ditto at 2261- and 228.

A fair amount of business is reported in the
Foreign Market, and prices are steadily supported.
Turkish 6 per Cents. are 71/ 72; ditto New, 56
561; Grenada are 16; Brazilian 41 per Cents. re-
main at 891 ; Portuguese at 471 48 ; Spanish are
flat at 51; ditto Deferred at 431 ; and ditto Pas-
sive at 16; ; Venezuelan are marked 19.
The transactions in the Railway Share Market
have been to a fair extent, and prices have shown
a further improvement. Midlands were largely
dealt in at an advance of 15s. ; North-Eastern
(York) improved 55.; Great Western, North Wes-
tern, South-Western, Manchester, Sheffield, and
Lincoln, and South Eastern improved 10s. ; and
Lancashire and Yorkshire £1 10s.
The Foreign and Colonial lines have been in.
moderate request. South Austrian and Lombardo-
Venetian advanced to 15'L- 16 ; Dutch Rhenish to
131 14 ; Great Western of Canada were steady at
11 ; and Scindes dull at 99-Z.
Joint Stock Bank and Miscellaneous Shares
remained inactive at about previous rates.

BRITISH FUNDS—CLOSING PRICES.
sank Stock
3 per Cent. Reduced Annuities B9l- I
3 per Cent. Camels Annuities
New 3 per Cent. Annuities 891; 1
i
India Stock •••• 227 6i 8
Ditto 6 per Cent
Ditto Enfaced Paper, 4 per Cent. —
Ditto 5 per Cent.
Ditto 5i per Cent
Ditto Debentures, 1858 —
Ditto, 1859
Ditto Bonds £1,030 —
Ditto under X1,000
Consols for Account, June 6
India Stock for Account

Ditto 5 per Cent.
Exchequer Bills, £l,OOO, lid.
Ditto £500
Ditto Advertised
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 41 per Cent., 1852
Ditto, 1839 & 1859 97f
Ditto 41. per Cent., 1858 9O
_ _

Ditto 1860
Equador New Consolidated
t•lexican 3 per Cent —
Ditto Account
New Grenada Active, 3i per Cent.
Ditto Deferred
Portuguese 3 per Cent.. 1853.
Russian 5 per Cent. 1822, £ St o •
Ditto 3 per Cent. 1859. • 62
Spinlsh 3... per Cent...

Ditto New Deferred . 43f a
Ditto Passive
Spanish Cert. of Coup. not funded sf
Turkish 6 per Cent .. .. 71
Ditto New Loan
Ditto Account
Venezuelan 3 per Cent
Ditto 11 per Cent
Dividends on the above payable in London,

THREE O'CLOCK.
Consols, Money 9ll
Ditto Account 9li 2

THE TELLGRAPII FROM MALTA TO

ENGLAND.

The Malta Observer of the 20th, under the head
of "Telegraphic Messages," contains the follow-
ing

"We are informed that in consequence of many
just complaints respecting the shameful delay in
The transmission of telegraphic messages from
Malta to England, a correspondence has taken
place between the English Government and the
Italian on the subject. We believe the faults rest
entirely with the telegraphic service in Italy,
which has hitherto been infamously managed, but
we are told that Count Cavour intends making a
tb.orougia reform, and that in a short time
messages from Malta and C•arfa will be sent
through the Italian States as quickly and as
regularly as through any other telegraph line."
The following extract from a dispatch addressed
by Sir J. Hudson to the Italian Minister at Turin
is then given ;

"I am instructed by my Government to bring
under your excellency's notice the great inconveni-
ence which is experienced by the British public
from the delay which occurs in the transmission
of telegraphic messages between Malta and Great
Britain. Mr some weeks past tho irregularities
have increased to such an extent as to render the
communication quite useless, inasmuch as the dis-
patches have been delayed in most instances seven,
10, and 14 days, so that when delivered they were
of no use to the persons to whom they were ad-
dressed, Your excellency is, doubtless, aware that
the late Government of Naples entered into an en-
gagement with the Mediterranean Extension Com-
pany, to errect a special wire from Modica to
Naples ; and to this want, and to the break in the
submarine line between Sicily and the mainland,
her Majesty's Government are also desirous of
calling your excellency's attention. lam so well
aware of your excellency's desire to improve and
perfect the telegraph communication of Italy, and
your excellency has so often expresed your readi-
ness to do all that lies in your power to perfect
and extend it, that I feel I need 'do no more upon
this occasion than point out the defects, in order
to insure their speedy remedy."
An answer to the following effect was given to
the foregoing dispatch :
"I have received the letter you were good
enough to address me, calling the attention
in of the
Government of the King to the regretable irregu-
larities that have lately taken place the -
tele-
graphic service between Malta and England. In
expressing with satisfaction the well-founded
belief which you have, that the Government of the
King desires more than any one to see the irre-
gularities cease, which are principally caused by
the present political circums
tanca, I am glad to
inform you that officers, experienced in telegraphic
communication, have already been sent to Sicily
and the Southern Italian provinces, for the pur-
pose of taking the necessary measures to give to
the telegraphic service the desirable regularity ;
that one of the obstacles which is now against the
rapidity of communication, viz., the interruption
between Sicily and the Continent, will soon be
removed by means of the laying of a double sub-
marine cable, for which a contract has just been
concluded by the administration ; lastly, that
competent authorities have been invited, and with,
out doubt will devote their efforts to ameliorate as
much as:possible the service in Southern Italy,
and that part which specially interests Great
Britain will be the object of the particular atten-
tion of the Government and of the officers of the
Administration of Telegraphs. I should add that
the Minister of Public Works is anxious to have
information respecting the agreement which, ac-
cording to what you were good enough to write
me, was prviously entered into with the Mediterra-
nean Extension Telegraph Company for the lay-
ing of a special wire between Modica and Messina,
and between Reggio and Naples ; and that as
soon as this information is obtained he will occupy
himself in examining what it may be possible to do
in accordance with the said agreement."