The Sun.
London, England, 1852-10-22 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, Two o'CLocK.

The sales of Cotton at Liverpool yesterday were
estimated at 10,000 bales, of which 2,000 American and
1,000 Surat were taken on speculation. The mar.,
ket closed firmly. The sales comprised 6,000 Ame-
rican; 150 Fermin, and Maranham, at q-d to 71d ;
2,000 Egyptian, at 6d to is 41; and 1,500 Surat, at
5d to 51,-d per lb. Railway shares were firm.
In the produce markets this week, the principal
staples have been in good demand, at fuller prices.
Ceylon and Mocha Coffees are decidedly dearer.
Sugar is, on the average, fully 6d per cwt. higher.
The useful kinds of Tea are largely taken. Cocoa is
up ls, and Tallow, which was a little quieter, is again
in demand, as the shipments are not expected to come
forward so quickly as usual. Cotton continues in
favour. The Indigo sales have closed, with steady
support from the proprietors, who bought in largely.
The public sales of Silk have been brought to a
close. Mr. H. W. Eaton informs us that—

" The attendance of buyers has been moderate, and at
first, little disposition to purchase was shown; but to-
wards the end an improved feeling was manifest, and
more silk than usual was sold in the room. The prices
actually realized have been—for Tsatlees, 15s 6d to
18s 6d ; and for Taysaam, 13s 9d to 17., including first
qualities of each sort. Bengals have been sold currently
at previous rates, with the exception of the medium
qualities, from 12s 6d to 13s 6d, which are still ne-
glected, owing to their ending, arising from their de-
tective reeling."
The principal article received from China, in return
for opium, is tea, of which it is calculated that, from
the commencement of the present century up to 1844,
about 1,000,000,0001bs have been sent into England.
The direct revenue accruing to the Chinese Govern-
ment from Canton exceeds annually 2,000,000 dollars
on exports alone ; but this bears no proportion to in-
direct gains arising from trade.
The intercourse of America with China has been
strictly commercial. It commenced in 1784, and it
has gradually increased ever since, till it has acquired
an importance only second to that of Great Britain,
and is destined soon to take the first rank. The ex-
port of tea from Canton in United States vessels, in
1843.4, of green tea was 10,131,8371bs ; of black
tea, 4,125,5271b5, making in all, 14,257,3641b5. I❑
1844-5 the export rose to 20,751,5831b5. The
average annual consumption of China tea, in different
countries, as nearly as could be ascertained, in 1847,
was, in round numbers :

lbs.
Great Britain and Ireland 45,000,000
British North America and West Indies 2.500,000
Australasia, Cape of Good Hope, eze 2,500,000
British India, and Eastern Islands 2,000,000

Total in the British Empire 52,000,000
gmsallnnhihambtidaedzayspeeceijurrnedei agmbisi
subscribed to the loan.
United States of North America 7,000,000
Russia
France and Colonies
Haim Towns, &c
Holland and its Colonies 1,000,000
Belgium 200,000
Denmark, Sweden, and Norway
The German States 500,000
Spain and Portugal ••• lOO,OOO
Italian States
Scull American States 500,000
Total consumption in foreign countries. 20,250,000
This table does not include all countries ;
increased•
since
1847, the consumption of Tea has greatly increased.
In the United States there are now 20,000,000 lbs
annually consumed ; and the quantity exported from
China by sea to all places cannot fall short of
100,000,0001b5. England gives to China for Tea, Silk,
Sugar Candy, and Camphor, 10,000,000 dollars' worth
of good•, and 10,000,000 dollars in cash. America
gives, besides goods, some 6,000,000 dollars in specie.
With this money the Chinese purchase opium from
the East India Company, who ere the principal gain-
ers by all this trade, whence they derive a profit of
25,000,000 dollars a year. The English Govern-
ment derive a revenue of 27,000,000 dollars annually
from tea ; its people consuming more than twice the
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Committee
all other countries,
except China and Japan.
A direct arrival brings Sydney dates of June 26.
Turkish loan have promised
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Stocks are very flat again, and not much is doing.
Consols 100-ii for Money, and 100+ for Account.
Exchequer Bills are 78s. premium. Bank Stock,
after being as low as 221 i, has rallied to '223. East
India Stock is worth 274 to 276.

The Turkish Loan has been 61, and since 5 to I
premium. Spanish Deferred are lower, 25, -I, to
Mexican also rather heavy at 24a to Buenos
Ayres are neglected at 77. The Swedish Loan, after
being down to t, is now discount. Dutch 4 per
Cents. are 96 to 1, and Belgian 4,'F per Cents. 97.
Cette Railway are 4i to sk, Antwerp, ;to and
Upper India, ton premium. China Bank, to t,
Chartered Bank, 1-4- to ;; Scottish Bank, h. to t dis-
count; Victoria Docks, 4 to 51.
The English Railway Shares have been down
again about per cent. on the average ; and in the
case of the Aberdeen, and one or two others, rather
more.
The Gold Mine Shares are very brisk, especially
the Australian companies.

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

Bank Stock
8 per Cent. Reduced Annuities 9914 %
a per Cent. Consols Anne.
New 31,4 per Cent. Arias.. .. .. 10314 4
Long Annuities. Exp. Jan. fith, 1860 6 7-16
Ditto 30 years, Exp., sth Jan., 1860
In lia Stock 274 6 51/
India Bonds 1.0001.
Ditto under 1,0001.
South Sea Stock

.:..,
Dittto Old Annuities 99
Consols tor Account
E,:cl),,ausr Bills. I yel. March June
1,0004 .. ................................ 78
soffit.

PRICE OF FOREIGN FUND_ S AT ONE O'CLOCK
Brazilian Bonds
Ditto Small
fiuenOS Ayres Bonds 6 per Cent.
Equador Bonds
Peruvian Bonds, 1849, 6 I,er Cent ......
bp anis h Bonds. 3 per Cent. ......
Spanish Com. Cert. Coup. not funded..... 1%
Portuguese 4 per Cent —
Mexican 3 per Cent
Danish 5 per Cent.
Swedish Loan
Turkish Loan, 6 per Cent., 1852. ......
Belgian Bonds, 41/2 per Cent
Dutch Excha., 2% per Cent., 12 Guil 645,4
Ditto 4 per Cent. Certificates 96% 6

QUARTER TO THREE.
Consols ...
Diao Account. Nov. 13 ... loolq 14

EXTENSIVE FRAUDS IN LAW OFFICES.—The Lord
Chancellor has directed an inquiry into a series of frauds, of
an extensive nature, upon the " Fee Fund" of the suitors
of the Court of Chancery, which are alleged to have been
perpetrated.
EDUCATIONAL INSTITUTE.—Another meritorious
attempt to supply the intellectual wants of the young clerks,
mechanics, and shopmen in the city, has been made by the
establishment of an educational institute at 58, Aldersgate-
etreet, the premises lately occupied as a medical school. It is
proposed by its founders to form classes for teaching the
whole branches of knowledge, including the living and dead
languages, music, and chemistry, for sums so trifling as to
be within the reach of almost the very poorest, The depart-
ment of languages will no doubt be perfect, for the French
class is to be conducted by Monsr. Delille, the Greek and
Latin by the Rev. Dr. Lowe, and the German by Professor
Charles Ohly, the talented London correspondent of the
Allgeineine Zeitung, and the author of the clever Sketches
of Modern English Literature in that influential journal.
The institution deserves every encouragement. and it is to be
hoped the advantages it offers to the younger portion of the
community will not be overlooked.

CRICKET.—The " wind-up " match of the Poplar
Club, on Tuesday, the greatest part of which was played in
the midst of a dense fog produced these results :—Mr. Bur-
rell's side 43; Mr. Bundock's side 39. Thus Mr. Burrell won
by 4 runs on the one innings. In the single match the one
side made 8, the other not 1. The members of this club are
all engaged, more or less, in the establishments of Messrs.
Green and Messrs. Mare, the great ship-builders.
SERIOUS FIRE IN DRURY-LANE.—(THI9 DAY.—
This morning at a few minutes prat 7 o'clock, a fire of a very
serious character, and attended with a great destruction of
property, broke out in the premises of Messrs. Wilson and
Son, wholesale wine and spirit merchant, No. 37 Drury-lane.
The flames originated from some unexplained cause, in the
lower floor, in which a vast stock of brandy and other spirits
were deposited. The latter being of such an easily ignitable
character, caused the flames to spread with the rapidity of
lightning, and on one of the casks of spirits becoming fired
it burst with a noise like the discharge of a gun. The en-
gines of the brewhouse close by promptly attended, as well
as several of the London Brigade and West of England office.
The firemen then found that the names had assumed such a
fearful ,aspect, that nothing short of the destruction of
Messrs. Wilson's property, and the coach factory of Mr.
Kesterton in Long-acre, could be expected. The engines,
however, were immediately set to work, and copious streams
of water were distributed over the premises; but in spite of
which, the work of destruction continued, and independently
of the damage done to the premises in which the disaster
commenced, serious injury was done to the house of Mr.
Greig, writing master, No. 36, Drury-lane; and also to the
painter's shop connected with Mr. Kesterton's coach factory
in Long-acre. The firemen by dint of great perseverance,
got the fire subdued ;:but the total loss, it is feared, will reach
to nearly 2,0001. Fortunately, with the exception of Mr.
Greig, the sufferers were insured.

THE COLONY OF NATAL.—According to private
letters received in Southampton froth Natal by the last Cape
mail, it appears that frost has done much damage to agricul-
tural prospevtt ill that colcla-7,