The Sun.
London, England, 1852-12-29 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, Two o'CLocK,

The sales of Cotton at Liverpool yesterday were
estimated at from 3,000 to 4,000 bales. The market
closed steadily at previous rates. The sales included
150 Egyptian at 6d to 1s 3d, 1,000 Surat at 3fd to
41d, and the remainder American. Railway Shares
were firm, withan upward tendency.
The advices from the continent are not so favour-
able in respect to the money markets—Paris being
flattest. This is partly in consequence, perhaps,
of the Bank of France having determined not to
lend upon securities except at an increased margin
of 10 per cent. as compared with the former terms.
The Tuscan Loan of 1,000,000 livres has not been
taken at Florence.

Within the last two or three days there has been
a greater demand for money, and the bankers have
advanced their terms in some instances to the Bank
of England rate. Indeed, there has been a talk of
a permanent rise, in consequence of the large
amounts sent' abroad recently ; but the sums which
are coming in by the steamer Australian, and the
several vessels of which we have advices, will
so far turn the balance as, in conjunction
with the dividends nearly due, to render
cash again abundant, and 'dissipate the notion of
pressure. About Christmas time, money is always
required by the mercantile community.
The Funds have experienced a reaction this
morning of to g per cent. consequent upon the
realisation of profits, and the circumstance of f

per cent. being given for the " put " of a large
amount of Consols at 1001. The market opened
this morning at 1001 for Consols, and since,
they have been 100-i 4. The New 3 per
Cents. have been quoted 1041 , and the Three
per Cents. 1014 8' Bank Stock has been supported
at 2244. Exchequer Bills of March are 695. to 725,
and India Bonds, 80s. premium.

The flat tone of the Paris Bourse, yesterday, has
an effect.

The Foreign market is heavier. Spanish 3 per
Cents. have been 5O to 51k, and the Deferred,
23k to 24. Mexican Bonds are quoted 23k -150
Grenada Deferred bring 121, and Equador, 5k to
Peruvian Deferred, after being 64k, have
dropped to 64k. ,Belgian 4i per Cents. are 98i
to 98k, and Russian Bonds 1191.
Railway Shares have been better, and the rates
of " continuation" are less onerous. This is " tic-
ket day" preparatory to the settlement to-morrow.
Caledonian are heaviest, the traffic not being so
good. Midland are up kto k. South Eastern 1
to 2, and North Western to k. Great Western
are flatter.

French Railways are heavy at a slight decline.
Gold Mine Shares have been dealt in to a fair
extent. Australian Freehold are higher, but Port
Philip and Colonial are not so good. Agua Fria
are steady.
Australian Agricultural Shares have rallied
about 5/. South Australian Land are also better.
Van Diemen's Land firm.
The Australian Bank Shares are dull.

BRITISH FUNDS THIS DAY.
(From the Official List.)

Business done
Bank Stock
3 per Cent. Reduced Annuities IOIX B
New 34 per Cent. Annuities 1044
Long Annuities, Expire sth Jan., 1860 6A
India Bonds, £1000...
Ditto, under £lOOO.
Consols for? Account.
Exchequer Bills lid
£lOOO..
£5OO
Small

80
1001
March. June,
.. 72 69
.. 72 69
.. 72 69

PRICE OF FOREIGN FUNDS THIS DAY,
Brazilian Bonds, 5 per Cent.
Ditto for the Account lO2l
Ditto 4i per Cent
Equador Bonds SA 0
Grenada Bonds, Deferred, .
Mexican 3 per Cent
Peruvian Deferred 3 per Cent 64i i
Russian Bonds, 5 per• Cent.
Ditto, 41 per cent 1063
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent 54 1i
Ditto New Deferred, 3 per Cent 24 38
Spanish Committee Cert. of Coup. not fun 4ii i p c
Turkish Loan, 6 per Cent., 1852 g_p
Austrian Bonds 5 per Cent.. ..... .. .
Belgian Bonds, 4i per Cent. Ex. 25fr,
Dutch Exchange 2i per Cent —
Ditto 4 per Cent. Certificates...
THREE O'CLOCK.
Consols for Opening 18th January

98i if

HIGH TIDES IN THE _RIVERS THAMES AND
MEDWAY.-(7 HIS DAY.)

The furious gales from the W.S.W. which prevailed
on Saturday, Sunday, and part of Monday, tended ma-
terially to retard the full moon spring tides ; but yester-
day evening, the wind having veered to the W.N.W.
for a few hour s, drove a large body of water from the
North Sea into the estuary of the Thames and Medway,
and, on the flow of the tide, was driven up both rivers
with considerable force, overflowing the banks in many
places, and inundating the wharves and waterside pre-
mises. At Billingsgate, tho wooden platform used for
the landing of white fish was nearly under water, and a
temporary stage had to be constructed from the upper
part of the platform to the fishing smacks for the pur-
pose. The basements and cellars of buildings in locali-
ties on the south side which are lower than the Thames
were filled with water, and in some places the rooms on
ground floors were inundated, and the occupiers had to
seek refuge in the upper rooms. It was extremely for-
tunate that such an occurrence was anticipated by many,
who took the precaution of damming up all the aper-
tures where the tide could find an ingress, else the con-
sequences must have been very disastrous. As it is, the
damage that has been sustained is considerable. The
waterside premises m the north bank of the river did
not go unscathed, as a very great deal of injury has oc-
ccurred to property, and a quantity of buoyant articles
was swept away by the receding tide. The marshes in
Kent, Essex, and Surrey are described as being im-
mense sheets of water. The velocity of the tide this
morning was such as to cause vessels in the lower
reaches to drag their anchors, or else part from their
moorings, and, consequently, coming in contact with
others, by which a serious loss in spars, rigging, and
bulwarks was sustained. Masters of vessels which ar-
rived in the river this morning state that the tide in the
Medway rose yesterday afternoon to an unprecedented
height, forcing its way in many places over the sea walls,
and through the sluices, inundating the marshes at Stan-
gate and King's Ferry in Queenborough Swole to some
depth. The garden grounds on the banks of both rivers
have been seriously injured.

THE RUSSIAN EMBASSY.—On Monday an entertain-
ment was given at the new residence of the Russian Em-
bassy, in Chesham-place, to about 200 workmen of Mr.
T. Cubitt, who have been occupied during the last ten
months in the alteraions of the premises. Shortly after
the guests were seat d, his Excellency Baron Brunnow,
accompanied by the Baroness, entered the room, and
went round the tables, speaking to many of the guests in
the kindest manner. The festivity of the evening was
kept up in the usual manner.
SUICIDE OF A LICENSED VICTUALLER.—This fore-
noon Mr. Baker summoning officer of St. Clement
Danes gave information at the office of Mr. Bedford the
Coroner, of the death of Mr. J. Parlow, licensed victu-
aller, and landlord of the Punch Bowl 'Tavern, Hemlock-
court, Carey-street, who was last night found by Isis wife
in his bed-room suspended by a cord to the bedpost.
He came home about ten o'clock, when he had some
angry words with Mrs. Parlow, when he left in an ex-
cited state and proceeded to his bedroom. About a
quarter past eleven o'clock she went to look for him.
On entering the room and seeing the position he was in,
she gave an alarm. Some persons ran to her assistance,
when the unfortunate man was cut down. A surgeon
was sent for, who pronounced life extinct. The deceased
was much respected by his neighbours.
ETON COLLEGE.—Two resignations have occurred
since the commencement of the Christmas vacation, in
consequence of the marriage of Mr. Wilkinson, and the
Rev. Henry Smith Mackarness, of King's College,
Cambridge. The first vacancy has been filled up by
Mr. Sterry, K.S., and the second by Mr. Walford, K.S.
Mr. Earle, K.S., is now the captain of the school, and
this gentleman, it is expected, will also obtain a resig-
nation before the termination of the Christmas holidays. i
The Rev. Dr. Hodgson, Provost of Eton, s, we are
sorry to say, seriously ill from an attack of erysipelas.
VAN DIEMEN'S LAND.- - The Van Diemen's Land
papers state that the Legislature and Executive had at
last come to a dead standstill. The debate on Mr.
Fenton's motion for an address to her Majesty the
Queen, stating the grounds of the want of confidence in
Sir William Denison, on the part of the Legislative
Council, came on before the most numerous assemblage
ever seen within the walls of the Council Chamber.
After a most animated discussion, which lasted until
nearly eleven o'clock p.m., the hoose divided, when the
motion for the address to her Majesty was carried by a
majority of 12 to 9.
TUNNELLING OF THE ALLEGHANT MOUNTAIN.— One
of the tunnels on the Pennsylvania railroad now con-
structing is to be 3,570 feet in length. Its area at the
widest space within the lines of the masonry will be about
24 feet, and the spring of the arch will begin 16 feet from
the crown of the arch. The arch itself of the tunnel will
be rather of an oval form, one of the most beautiful
curvatures which conic sections can afford. The
greater part of the vast arbbed 'excavation will be in-
laid with strong and substantial masonry. More than
half of this masonry will be composed of sandstone
well laid in hydraulic cement, and the remainder will
be hard-burnt brick. The whole masonry will be 22
inches thick. The tunnel passes the Alleghany moun-
tain in Sugar Run Gap, and lies partly in Blair and
partly in Cambria county. Taking into account the
length of the tunnel and its interior breadth, and the
quhntity and solidity of its masonry; it may be re-
garded as the 'largest work of the kind in the United
States. About four hundred men are employed upon' it. I