The Sun.
London, England, 1857-12-05 00:00:00

REVIEW OF THE MARKETS.

(From the Melbourne Journal of Commerce of Oct. 15 )
Our last special edition for transmission by the Over-
land 'Mail was issued on the 16th of September, since
which (LI) we have continued without any more
recent advices from E-igland or the Ea=t until yester-
day, when the European arrived, full nine days after
her contract time, the delay having arisen from
defects in her machinery, which will require complete
overhauling, and considerable doubt is entertained
of her being able to leave Sydney next month at the
usual time. As the letters were only delivered late last
evening it it as yet impossible to ray how the market
will be affectel by the new,. In British pro-
ducts we do not expect much alteration, but Eastern
produce seems likely to be influecc,d by it. as in-
quiries for rice were active during the whole of yester-
day. From 'Mauritius the aclounts are rather unfa-
vourable for holders of sugars, and we may expect some
re-action from the recent advance here. The detention
of the mail, al.hough during the la 4 10 days it has
disarranged, has not seriously affec'ed business ; and
it is considered that in the present stat 3 of our market
the absence of advices, which it was generally thought
would bring information of ex'.remely heavy shipments,
has acted rather benefic'al'y than other4ise, and has
allowed a good many goo '5 to go into c insumptiov, of
which purchases wool I have been probably curtailed it
the extent of missions had been accurately known.
Tao tanath which has elapsed since the despatch of

the last mail bas been chiefly marked by very great
stringency in the money market, the banks having
seemingly cJrne to the conclusion, or been forced to it
by a scarcity of money, greatly to• restrict, and •in a
measure entirely to stop those discount facilities which
they had been extending to houses of small means ; as
these measures were intended to force such parties to a
c ish system of business, they made little distinction as
to the class of paper offered, and indiscriminately
throwing out good as well as bad paper, if held in weak
bands, many idle, injurious rumours were current dur-
ing the month, but for which not the least or remotest
foundation existed, and which arose entirely from the
above-mentioned cause. It is wonderful how rtgu-
larly, in spite of the scarcity of money, all engage-
ments have been met, and the absence of failures,
in spite of the sudden withdrawal of accom-
modat'on, augurs an extremely healthy state of
trade, an entire absence of overtrading, and a sufficiency
of capital in even the smallest business proportionate to
the extent of its engagements. Few commercial com•
munities could have pas•ed through an ordeal such as
we have lately been subjected to with such ease and
facility ; and we believe that no other conclusion can be

come to but that the trading community, as a body, is in
an extremely prosperous condition, possess ng individu-
ally greater elasticity and extent of resources than was
imagined, as otherwise they could not have weathered

the late financial crisis as they have done ; for wo do
not Exaggerate facts when we state that but four weeks
ago, for all purposes of meeting current liabilities,
neither goads nor bills were of negotiable value in the
hands of small house•.

The improvement of trade on the diggings, consequent
on a plentiful fall of rain and a re' urn of the population
from various rushes to their old localities, on an im-
proved find of gold on old, and continued good success
in new fields, and on a general diminution of stocks,
owl ,g to the large quantities forwarded to and consumed
on new rushes, has greatly conduced to relieve the pres-
sure which would otherwise have been fel: in town; and
it affords an a iditional guarantee of the impossibility of
any serious derangement of our commercial and financ'al
prosp-rity, as I,.ng as the gold-fields show no signs of
diminished yield.
Favourably, therefore, as we can report of the conditions
and prospects of our local trade, we have to speak again in
very opp.isi e terms of the state of the import business.
Since the middle of last month, although a better trade
with the interior has created a demand for goods, and a
continuance of unfavourable winds has caused British arri-
vals to be few, prices have not in the least advanced, and the
mass of goods offering for sale seems as large as ever, and
effectually prevents any improvement. In fact, prices for
many articles have again declined, and some generally
very current staples are even more unsaleable than at the
time of departure of last mail - in which category we have
to place brandies, case and bulk, Old Tom, and whisky,
bar iron, currents, cheese, and boots and shoes. Butter,
if new and good—conditions which in late arrivals have
not been met with—is in considerably better demand, and
a price above market quot ations could be got for it ; but
the quantities of inferior butter on hand are tremendously
large, an .l probably not less than 15000 firkins— lots of
2,00 J and 3,030 firkins being held by more parties than
one. For oilmen's stores a good demand has arisen, and
although not positively higher, full market rates have b3en
established. Oats have pretty well withstood the pressure
of arrival, but timber, galvanized iron, and sheet load have,
owing to heavy imports, rather declined. Candles are
firmly held for 14. W. In other leading articles of import
there is not much change from last month, and the diffi-
culty of moving off goods remains undiminished.

While Briti;ll imports, as a rule are doing badly,
Eastern produce has again very materially advanced ; wad
while holders on the spot have been greatly benefitted,
even for importers some profit remains on }resent extrava-
gant cost prices. The greatest cha ige has taken place in the
value of tea, which, after steadily advancing to W. 155.,
have again taken a start this week, hollers asking 101. 108.
the chest fur good cengous. Mauritius sugar at one time
during the past month touched 581. fur medium coun-
ters, bet several shipments have come to hand the price
receded to 551. ; but for first rate light counters 58/. can be
got. Cossipors is firm at 651.,' and holders are sanguine
that this class of sugar, as well as Patna rice, will advance
considerably, as they expect that produce will rule very
high in Calcutta, owing to the complications arising from
the Sepoy mutiny.
In Vie export trade there is no material change. Wool
and tallow remain very high, but hides have fallen full 30
per cent.. Exchange on London has, since the last mail,
been reduced to per cent., under which none of the
banks are drawing.

(From the .1,9 c of October 1.5.)
There were 24,284 oz. 4 dwts. of gold entered for ship-
ment to-day per Simla for London.
The Customs revenue for Oct. 13, 1857, is as under :
Brandy, 2,425 gallons, 1,2131 6s lld ; gin 1,20 i ditto,
6021 [163 3d ; rum, 711 ditto, 3551 163 ; whisky, 41.)
ditto, 268/ 63 ; cordials, 31 ditto, 161 4s ld ; other
spirits, 92 ditto, 461 les Ild ; wine, 1,994 ditto, 199183;
beer, 14,936 ditto, 3731 8r; tobacco, 1,285 lb, 1281 103;
cigars, 161 ditto, 211 Os ' • coffee, 831 ditto, 6/ 18s 6,1;
sug; r, 90 cwt, 2711; gold, 12,309 oz. 3 dwt, 1,538112 s lld ;
tonnage, 621 9s; passengers' rate, 131 123 6d • other
moneys, 33 Total revenue, 4,853/ lls 2d. Pilotage,
10:1193 4.1.

The arrival on the same day of the two mails gave
occasion to more bustle and excitement th to has b3en ob-
servab .f r sorne time aiout tLe haunts of commerce, and
the various rumours of important news respecting the dis-
turbances in India and other items of information were
largely a mvassed. The preparation of the home mail has
been the principal occupation of the day. The mail just
arrived, !part of which was deliverJd this afternoon, has
come ba! ely in time to admit of return letters being sent
per Simla.

We take the following fioni the Sydney Herald
of the 10th October

4 FRIDAY EVENING, Oct. 9.
" The amount of gold coin issued by the Sydney
branch during the week ended to-lay, October 9thl
has been 40,000 sovereigns.
" The amound of gold dust imported int) the
same eaablishment during the week for the purpose
of coinage has been 10,407 oz.
"The Yes `ern Escort arr;ved to-day from Vie
several gold-fields, and delivered at the Sydney
branch of the Royal Mint the following quan•i-
tills of golf dust :—From Bathurst, 939 ounces
17 dwts. ; Stoney Creek, 531. ounces 2 dwts. ;
Sofala, 384 ounces 11 dwts. 22 gra. ; Tamb iroora,
215 oz 3. 17 dwts. ; Louisa Creek, 641 ozs. 12 dwts.
23 grs. Tot 2,713 oz. 21 gra.
" The following general abstract, showing the
average amount of the liabilities and aesots of t'ae
CJmulercial Banking Company of Sydney, taken
from the several weekly statements during the
quarter from the 1-t of July to the 30th of Sep-
ember, 1857, is published n to-day's Gazette :
Liabilities—Notes in circulation not bearing inte-
rest, 199,5101. 3s. ; bids in circulation, not bearing
in. ereA, 10/. 18s. 4d ; balances due to other banks,
3,1261. 7d. ; deposits baring interest, 55,000/. ;
not bearing interest, 754,4721. 123. 4d. ; total
amount of liabilities, 1,012,1191. 14s. 3d. Ass,,
Coined gold and silver and other coined metals,
397,4481 4s. 9d. ; gold and s lver in bullion or bars,
2,340/. 12s. 2d. ; landed property, 16,000/. ; notes
and bills of other banks, 3,003/. 163. ; balances due
from other banks, 134,368/. 2d. Amount of all debts
due to the bank, including notes, bills of exchange,
and all stock and funded debts of every desciiption,
excepting notes, bills, and balances duo to the said
bank from other banks, 779,146/. 19s. 3d. ; total
amount of assets, 1,332,307/. 12s. 4d. ; amount of
the capital stock paid up t this date, 237,6941. ;
rate of the last dividend declared to the shareholders,
12 per cent, per annum ; amount of the last divi-
dend declared, 14,259/. ; amount of reserved profits
of er declaring such dividend, 40,9521. 9a. Bd.

THE MONETARY CRISIS 1A itAm.
BURG. ----
HA MBURG FRIDAY.
The Senate has just convened another extraor-
dinary convocation of the burgerschaft for to-mor-
row to empower the former to establish a govern-
ment discount institution, with thi.ty minions
marks Banco capital.

FRANCE.
PARIS, FRIDAY EVENING.

The journal La Passe bas been suspended for
two months, in consequence of the article which
appeared in it yesterday, signed by M. Peyrat, on
ill, refits d of Carnot and Gouddtax to take the
oath pr._,scrib to members of the Carps Legislatif.
A telegraphic despatch, just received, states that
the Freuch ambassador at the Porte having applied
for thi authorisation cf the Turkish Government
for a canal across the Isthmus of Suez, the Sultan
is reported to have answered that he could do
nothing of the kind bAore England evacuated the
island of Perim.

BOURSE, Dac. 4.—The following ware the last
(pot itions :
Cash. fr. End of Month.
4. per Cents -
3 per Cants 67 45 67 50
Bank Shares 3025 Credit Foncior ...... 5321—
Credit Mobilier 690 Roman I
Do. Account 690 Austrian
Belgian 44 — Spanish Threes...... 401—
riedmontese(s) B74— Rome Debt -
RAILWAYS—POR CABS
tr• c. tr C.
Orleans
Northern - Western
New Ditto 735 Strasburg
Lyons and Mod , 8574 Grand, Central 1—
New Ditto... •••• ... 3';':2l: Sardinian
Geneva
6.25 Austrian Corn. ....., 66:1

TURKEY.
Intelligence has been received from Cons'anti-
nople to the 28th ult. M. de Boutenicif hsd paid a
visit of ceremony to the the Grand Visi". Mehmed
Paella, governor of Epirus, Ills been named mini-
ster of the Turkish government and had interdicted
the proceedings at the divans of the principalities.

THE PENINSULAR MAILS.

(BY ELECTRIC TELEGRAPH )

SOUTHAMPTON, SATURDAY MORNING.
The steamer, Captain Joy, was tele-
graphedom Hurst at 9.10 a.m., with the Peuin-
suhr mails.
ik.flhambra,

The Weekly Regi.tcr announc,_is the death at Rome
of the youngest son of Sir Joh❑ ];oaring, Governor of
Hong Kong. The deceased gentleman, who was in his
thirtieth year, Was a Jesuit priest•

LVLONEY MARKET

ALTD
: COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The Liverpool Cotton Market yesterday closed
quietly, and prices were unaltered. The sales
were estimated at 3,000 bales. The Railway
Share Market was dull, and values were main-
tained.

A satisfactory impression has been created by
the Bank of England retur❑ completed to Wednes-
day last, for although the increase in the bullion
is smaller than was expected, the movement in
the Reserve of Notes, and the private securities
continues favourable. The position of the estab-
lishment is slowly improving, and with a continuous
influx of gold and a diminution of the pressure for
accommodation, each weekly statement will ex-
hibit an amendment. There is no immediate
prospect of a lower rate of discount, for the reserve
of notes at the present moment would only stand
at 268,3401., if the 2,000,0001. over-issued were
withdrawn. The authorities have made a further
sale of stock, and the public deposits have att tined
a very heavy total, as usual just before the distri-
bution of the dividends. The principal items and
the changes they present are as subjoined :
Active Circulation
Decrease . . 237,875
Bullion
Increase
3,459,356
12,177
6,072,267
283,269
14,436,186
515,330
841,261
25,423
5,441,647
365,800
31,191,386
159,331
2,268,340
349,500

Best .
Increase
Public Deposits
Increase
Other Deposits
Decrease
Seven-Day and other Bills..
Increase
Government Securities
Decrease
Other Securities ...
Decrease ...
Notes unemployed
Increase

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, ; Mexi-
can, 18k .19k ; Peruvian 41 per Cents , 76 77 ;
Ditto 3 per Cents., 51 52 ; Portuguese 3 per
Cents., 43-4; Russian 5 per Cnts., 104 LOG ; ditto
4 per Cents., 95 to 97 ; Spanish 3 per Cents, 40i
41 ; ditto New Deferred, 24; 25k.
The Australian mails by the Simla were de-
livered in the City this morning. Great activity
existed at the various gold-fields, and the yield was
very satisfactory. Trade was dull at Melbourne,
the stocks being very heavy. The value of the im-
ports for the year, up to the end of September, was
11,722,9231., while the exports were estimated. at
10,974,890/.

. .
There has been a furilor improvement in the
English stock ma• ket to-clay, and business has been
rattier active. The Batik return seems to have in-
spired confidence ; but the purchases have been
chiefly in connection with the arrangement of
the monthly account. Several transactions
for money have taken place, as the transfer books
will soon close. Consols for transfer and the 7th
inst., have been 91i 1, and 91l For the
January account they are 921 The New Three
per Cents. are 9O 1 ; and the Reduced also 9O 1.
Bank Stock is 218. Exchequer Bills have been
dealt in at 4.. and par. India Bonds are 335. dis.
A fiir amount of business has been transacted in
Foreign Stocks, and in some instances higher prices
have been established. Turkish 6 per Cents, are
'92 to 921 ; the 4 per Cents., 99 ; Spanish 3 per
Cents. are 41/ ' • ditto Deferred, 251 ; Brazilian 5
per Cents., 98; Mexican 3 per Cents., 181 19 ;
Portuguese 3 per Cants., 43.4 ; Ru=sian 4i per
Cents., 97 ; and Dutch 21 per Cents., 62g.
In the Railway Share Market this morning a
fair amount of business was reported, and a slight
improvement to ik place in the value of on© or two
of the chief undertakings. Great Western, Brighton,
Midland, North Eastern, Berwick, and Stockton
and Darlington advanced about 55., South-Eastern
105., and Great Northern 1/. South Wales de-
clined It. The Foreign and Colonial Lines
have been quiet, and .but little change can be
reported in values. East Indian declined about
10s, ; and Great Western of 'Canada advanced
about ss.

Mining Shares are stalely, and Joint-Stock Bank
Shares firm. London and Westminster have im-
proved about 11., and London and County 10s. In
the Miscellaneous Market, 11,lyal Mail Steam
Shares advanced ss.

BRE ;ISLE FUNDS.—CLOSING PIUCES—THIS DAY.
(From tic Official List;)
Business done.
11'3. Stock

3 ae, cent. deduced Annuities
3 ,:er 1.:6-...t. Consols Annuities 9lhilil
N 3.1, 3 per Cent. Annuities WI B d
Saw 3i per Cent. Annuities
.L.L.L. ...ends, £IOAI
(1.,1 sots ror Account
Es ,hequer l:1111e, 20
. tlOOO
-.50.1
S :ell . ...
PRICES OF FOREIGN FUNDS—THIS DAY.
B. ,Izltian 5 per Cont.
II xican 3 per Cent lBl
Ditto Account
Po. tug,neso Bonds, 5 per Cent., Con. 1641 ----
Ditto 1353, 3 per Cent 43,i
Pus ;an hoods, 11,22, t St., 5 per Cont —
Ditto, 46 per Cent.
ip -inh isn,i,ls, 3 per Cent.
D.tto Account
Dim: Yew I )oferred, 3 per t;en'.
Ditto Account
nrkihll roods, (3 par cent ., —
Ditto Account ... .. ..... 924 4 2
oltto Guarthteed, 4 per Cent
Ditto Account
Dividends on the above payable in London.
Dutch Ez.:l,ange, 26 per Cen.;., 12 Guilders 623
TWO O'CLOCK.
Consols, money
Consuls alcount (January)

A letter from Brest, of the Ist in-it., that the British
iron screw steamer Durham, of London, was wrecked
on the Wolf-r.,ck, in the bay of Audierne. The Dar-
barn was returning from the west coast of Africa, laden
with palm oil, elephant.' teeth, aad gold dus•. She
struck about 100 yards from the coast, and her hull is
a complete wreck. It is possible to save the machinery.

RE-OPENING OF THE WOLVERHAMPTON AND STAF-
FORDSHIRE BANG.—Tbe following notice was issued
yesterday :—" Wolverhampton, bac. 4, 1857. —The
dir.ctors have much pleatire in stating that the bank
will be open on and after Tuesday morning next for the
payment of the debts of the bank ; and the &rectors
hope in a few days to be able to announce the opening
of the bank for general business."

A FRENCH SKETCH OF THE QUEEN AND PRINCE
ALBERT.—The Queen, whom every one saw at Paris,
has-a lively eye, a bright complexion, and prompt
gestates; she beconseie animated .veh lespeaking, aniP
shakes her marabouts,` ishich gieee- her mare of
merry gracefulne,s than of Royal dignity, especially
as be forth., rounded by a nascent embonpoint, are
better stilled !or 'tranquility. 'The expression of her
look is singular, and preoccupied by a m'scture of
blunt simplicity and of compressed raillery. Although
short, she appears tall when seated. She frequently
changes colour, has beautiful hair, long eyelashes, and
fine eyebrows, which melt into the satin sleeknese of her
skin. There is a vague aspect of the plump Parisienne,
with an Angle-Germanic head. Her portraits, c'tlmsy
flatterers, in order to endow her with the inertebeauty of
the vignettes, have robbed her countenance of all its
character and vitality. On each side of her was alal y,
chosen with too much discernment, and at the back the
Prince Albert. Hie coinpLxion grove lighter and lighter
iu proportion a' embonpoint raises and stretches the
tissues of the sk;n ; et the same time his forehead loses
i-s locks, and the flower of youth is giving place to
prosaic maturity. You are less struck with the
regularity of.hte features than with the air of goed nature
which distinguishes his countenance. The husband
of the Queen is esteemed ; be was altogether sym-
pathetic before the commeacemer,t of the Russian war;
he interests those who behold him for the first time,
as would any man placed in a difficult position in
which he acquits himself with honour. He is reported
to be affable; and, far from seeking to make himself
of importance, he resists every temptation to put his
influence in a conspicuous light. Finally, he takes
pains to show that his attention is occupied with the
progress of the fine arts, as well as of every its-
stitution that bears on social economy, and to seek
nobody's favour on any other grounds than those of his
modesty and his personal merits. Such conduct evinces
great talent, and something better than talent. In Eug
lend the position given to Prince Albert is more gravely
appreciated than in France, on Selic ground ; and yet,
in France especially, is there a gallant man, if only he
be married, who is not more or less the husband of the
Queen.—Houseitold Words. 125
LOBS OF LIFE BY THE INDIAN MUTINIES.—The Cal wo
cutta correspondent of the Nonconformist, in a letter
40
received by the last mail, has arrived, after much careful
inquiry, at an estimate of the loss of life theamongtO
d
English and East Indian population during the dreadful
di _u_ I je
massacres of this rebellion. In several stations the 100
number has been ascertained with great exactness, a few 100
having been killed out of a great many, and the survlvoin rs
calculating by name each one whoi aw
cismnissomg: But
when a
12
cases like Delhi, Futtegber, anri
possiblePre only t 4!
whole population was cut off, it is
arrive at an approximation to the truth. His list is of i
course imperfect, intelligence being still required from
Lucknow, Agra, Indore, and other places, before it is pos.
Bible to make it both correct and complete. It does not
include a single native, nor any persons killed in the
different battles ; it is the list only of those inassaeyed
or of those who have dial from fever and sunstroke in 25
striving to escape ; nevertheless, its items make a total 120
of 1,524 officers, civilians, clerks, missionaries, women, CO
children and others. 01 this large number, the loss of 1-0
military officers amounts to 256,1 and that of women
and children to 674. If the entire story of their suffer- V
jogs and those of the survivors be carefully weighed, '
it will surely be found that we have passed this year
through one of the incet frightful calamities ever re-
corded among a waled people.