The Sun.
London, England, 1853-03-18 00:00:00

THE SUN, LONDON, FRIDAY EVENING, MARCH 18, 1853.

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 10,000 bales, of which 1,000 American
were taken for export, and 2,000 on speculation.
The sales comprised 9,000 American, 250 Pernam
and Maranham at 6id. to 62d., 250 Egyptian at
6/d. to Bd., 400 Surat at 3id. to 4td, and 80 Sea
Island, ls. Bd. to ls. 10d. per lb. The market
closed steadily, and, compared with Friday's rates,
prices of American under 6d. were generally id.
per lb. dearer, and Surat id. per lb. higher. Rail-
way Shares were dull.

In the Colonial markets there has, this week, not
been much activity. Sugar has been at full rates,
and coffee scarcely so high. In spices there has
been a moderate business. Not much has been
done in rice ; saltpetre has maintained full prices ;
cochineal has advanced ; cotton has had rather a
better sale ; and tea has been in fair demand ;
tallow has been dull.

The letters and papers by the Sydney steamer
have been delivered this morning, and the mails
are so large that it is considered probable they will
occupy best part of the day in delivery. The dates
have all been anticipated by way of India, but few
letters having been transmitted through that me-
dium, there is much general information scattered
through our present advices. There is remarkable
unanimity in one respect—viz., the necessity of
extreme caution among shippers of goods in Eng-
land, the evidences of glut being stronger than
ever. Melbourne seems to be more inundated
than Sydney.
The inhabitants of Moreton Bay, a district north
of Sydney, have so largely developed its resources
(chiefly grazing), that they already entertain the
desire of separation ; and if Asiatic labour be ob-
tainable to any extent, the growth of cotton may
become extremely profitable, as well as that of the
sugar-cane. _ _

The cost of cultivation per acre, and production,
is thus estimated by a local writer on the subject:—
Produce of an English acre after the separation of the
cotton seed by the gin,
8001bs. at 9d £3o 0 0

Expenses.
Preparing the land £2 0 0
For seed, planting, and attending
to weeding the crop 2 10 0
Rent of land 2 0 0
Gathering the crop, forty women
and children, at 2s. Per day 4 0 0
Carriage to gin 1 10 0
Bagging for bales, &c 3 0 0

£l5 0 0

Profit I. acre
Another party writes :

£l5 0 0

" We have some cotton which we are about to send
to Lancashire for inspection, produced at Moreton Bay,
equal, if not superior, in quality to that sent by Messrs.
Gardiners, of Manchester, grown as Sea Island cotton.
This firm has engaged to purchase to the amounts of
1,0001. worth of cotton produced in Moreton Bay, at a
price valued by brokers at home."
One of the Gold Commissioners had reported to
the Legislative Council at Sydney in favour of
granting " digging" licenses at ss. per annum--
compelling the miners, however, to sell all their
gold at 655. per oz. to the Government agents,
companies being allowed to smelt and refine. There
is very little probability, we conceive, of such a
regulation being assented to by the Legislature, or,
if so, that the miners would submit, and it is only
extraordinary that such an insane desire of inter-
ference should exist in all Governments. How long,
one might fairly ask, would it be ere Australia was
supplied with coin, if Government had the task ?
and yet private enterprise has already nearly met
the whole requirements of the colonies. The gold
diggers may be taxed moderately for revenue and
police, but will never submit to an onerous impost
or an undue interference.

The steamer Great Britain, according to the
Manifest received, has only 24,160 ounces on board.
The ship Barend Willem, from London to Mel-
bourne, is telegraphed as having arrived off Fal-
mouth in four days, from the Downs, and being
leaky. This vessel, we believe, had emigrants on
board.

The English Funds have been dull, but without
any further decline. Consols have realised 991
for Transfer, and 994 to par for Account. There
has been a bargain in the New Five per Cents. at
126, and in the Three per Cents, of 1726 at 99.
Bank Stock for Account has been marked 2291.
Exchequer Bills of June are 13s. premium. The
Turkish news and the American President's Mes-
sage are partly causing the present dullness.
Foreign Stocks have been neglected, and prices
have varied but little. The Spanish Committee's
Certificate is at 7. The 3 per Cent. Bonds are
worth 491 to and the New Deferred 24i to 25*.
The market, consequently, is rather flatter. Greek
Bonds have been in demand at 81 to 9. Mexicsm
Stock is worth 26 to 1. Dutch 2i per Cents, have
realised 66i, and Russian 5 per Cents. 120 to 1.
Sardinian Stock is worth 97k.

The cause of the Upper India Railway seems to
be very popular in the localities which it is intend-
ed to beneflt—a strong testimony of its merits.
The journals of the Presidency take up the matter
most warmly, and deplore even the smallest delay
on the part of the Government. No line, they
contend, would pay so certainly, so speedily, and
so richly. The possibility of making this railway
much cheaper than either the English lines or the
East India Railway is contended for, as it is said
to be unnecessary to have such expensive masonry
and general works.

In Railway Shares scarcely any business is doing,
and prices are nominally much the same. French
Shares are fluctuating, but still in fair demand ;
and the Zealand have advanced.

The Gold Mine Shares have been drooping.--
Australasian are decidedly lower.
The Cocaes Mine is rather higher.
The Ceylon Land and Mining Shares were par to
pm. to-day
The Land Companies' Shares are a little firmer.

The Joint Stock Bank Shares are very quiet,
but steady.

BRITISH FUNDS THIS DAY.
the Offiekd List.)

Business done.
Bank Stock
3 per Cent. Reduced Annuities......
3 per Cent. Consols Annuities
3 per Cent. Consols Annuities, 1726
New 314 per Cent. Annuities..... ........
New 5 per Cent. Annuities ' 126
Indialßonds, £lOOO 45
Ditto, under £lOOO 45 •
South Sea Old Annuities shut
Bank Stock for Account 2291
Consols for Account 13th April
Exchequer Bills, lid. June. March.
£lOOO
ZOO 9 13 11.
Small lB 11 6
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent. lO4
Chilian Bonds, 6 per Cent.
Greek ex'over-due Coupons
Mexican 3 per Cent 261 6 5/
Peruvian Scrip ~. . .,44 4
,p
,
Russian Bonds, 5 per Cent.
20 x c
Sardinian Bonds, 5 per Cent. ......... . 971 i 7
Spanish Bonds, 3 per Cent 49i
Spanish New ,Deferred, 3 per Cent 25 1 41 5
Spanish Committee Cert. of Coup, not fun M P 0
Dutch Exchange 24 per Cent 66/
THREE O'CLOCK.
99
99i

Consols
Ditto April Account

EXTRAORDINARY DISCOVERY OF A DEAD BODY.— COn-
siderable excitement prevailed during yesterday and the
preceding day in consequence of the following extraor-
dinary discovery of the body of a dead man, which has
given rise to various rumours in the neighbourhood of
Bethnal-green as • to the cause of death, and how the
body became deposited in the place where found. From
inquiries made it appears that, on Wednesday last,
whilst some men were employed by the East London
Waterworks Company laying down some pipes opposite
the Bethnal-green-road East, one of the men, in remov-
ing some earth, laid hold of what, upon inspection,
turned out to be the arm of a man. Upon making
further search the men discovered, with the excep-
tion of the arm before alluded to, the entire skeleton
of a full-grown male, with light auburn hair. Inforina-
tion of the discovery was sent by Mr. P. Edinger, the
secretary to the company, to Mr. Vaughan, the sum-
moning officer for the district, who immediately commu-
nicated with the parochial authorities, and also with Mr.
Baker, the coroner for the eastern division of Middledex,
but whether or not an inquest will be held on the ' re-
mains fkrat present unknown. One of the rumours in
circulation in the neighbourhood is, that the party had
been murdered, and the body buried in the place where
found ; but from inquiries made by Mr. Vaughan, 'the
summoning officer, there seems strong grounds for con-
cluding that-the body was that of a suicide, who bad
been buried in the cross-roads some 70 or 80 years since.
The affair, however, has caused an extraordinary sensa-
tion throughout the parishes of Bethnal-green and
Shoreditch.
LINCOLN SPRING RACE MEETING.—On Monday and
Tuesday next the meeting is announced to come off, it
having been postponed in consequence of the frost.
The entries for the various stakes are numerous, and
contain the names of some of the best horses of the day .
For the Grand Steeple Chase there were 36 entries, for
the Spring Handicap 21, for the Hurdle Race 29, for
the Trial Stakes 8, and for the Two-year-old Stakes 10.
The innkeepers and other traders expect to be very busy,
as the previous spring races have attracted hundreds
from all parts of the kingdom who enter very extensively
into the chances of the turf

AN ACCIDENT occurred to the newspaper express train
yesterday morning. The engine ran off the rails in the
neighbourhood of Crick ; the road became entirely
'blocked up in consequence, but we are happy to learn
that confusion, 'delay, and the fright of the passengers
were the only evils arising out of this casualty. The
passengers were sent on by another train, but the news-
ilapers did not reach Birmingham until two hours after
tie usual

- ' •

.~ -~_- ~-