The Sun.
London, England, 1853-01-15 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, Two o'CLocic.

There was a fair general demand for Cotton at
Liverpool yesterday. Sales 7,000 to 8,000 bales,
the market being decidedly firmer. Railway
Shares were active at previous quotations.
One of the most interesting returns made for
some time past, is that of the Bank of England for
the week ending the Bth instant. The policy
adopted showed its fruits already thus early, the
loans and discounts having been curtailed, while
the decrease of bullion may be fairly ascribed to
the payments made at the close of the quarter, and
a portion of the dividends. The lapse of another
week or two will enable a better judgment to be
formed as to the extent to which the advance in
the discounts has operated, for the repayment of
loans made upon Stock and Exchequer Bills while
the transfer books were closed may have been par-
tially made, and has been concluded only this week.
Ere long we shall see too that money will be find-
ing its way back from the Continent, and the loan
projects of Austria and one or two other States
will be effectually frustrated: It is the curse of
cheap money that the bankrupt European States
are ever ready to pounce upon the London market,
and drain it of its surplus, checking every whole-
some development of commerce and industry.
Fortunately, our colonies offer more temptation
just now, and retrenchment may be forced upon
Austria and its kindred neighbours. The reduction
of public deposits was large, but the dividend dis-
bursements will account therefor. For the same
reason, the other deposits increased. Compared
with the previous week, the changes are as follows :
Bullion

Decrease

Active circulation
Increase ...

Rest increase

Public Deposits
Decrease

Other deposits .
Increase

762,041

23,360,685
307,175

62,695

5,771,914
3,494,428

14,310,648
1,316,696

Government securities, decrease..

90,895

Other securities
Decrease

15,025,553
850,203

Notes reserved, decrease

. 1,151,015

The entire capital of the London Bank of Austra-
lia and India has been subscribed ; and the deposits,
50,0001., have been paid into the bankers. The
obtainment of the charter will, it is expected, be
speedily accomplished.
The effect of the greater demand for money and
the restrictive measures of the Bank of England
has already been felt beneficially upon the rates for
bills of exchange, which all improved except on
Spain. Paris, 90 days, was negotiated at 25 25 to
30 ; Antwerp, 25 271 to 30 ; Amsterdam, 11 18 to
181. ; Ilamburgh, 13 51 to 61 ' • Frankfort, 118*
to 119* ; and Trieste, 10 46 to 50.
The Executive Committee for promoting the for-
mation of the Tribunals of Commerce have made a
report to their President, Lord Beaumont, and to
the General Committee, and the closing paragraphs
are as follows :—•

" Refei:ing to the authorities already quoted, the
opinions a-id facts recorded, and the cases specified, your
committee feel themselves justified in stating, that a
searching reform in the administration of justice is one of
the most popular demands of the day ; and that when
the nature of Tribunals of Commerce is generally under-
stood—when it 'is known to those aggrieved that they
can obtain redress without the interference of the bar-
rister or attorney—that their claims can be satisfied
promptly, efficiently and inexpensively—that these in-
stitutions have been tested by the experience of centuries
on the Continent, and given complete satisfaction to all
classes— then will the late Lord Abinger's words forcibly
apply to our old system—that "to tolerate is not to ap-
prove." And your committee are persuaded, that the
cause they are advocating will be energetically sup-
ported by the unanimous voice of the merchants and
traders of the country.
" Impres._ed with these convictions, your committee
would recommend that the working machinery of this
association be immediately and effectively organised, so
as to operate extensively on publicly opinion. By such
means local associations, each having its local committee,
could be formed, constantly bringing their influence to
bear on their respective neighbourhoods, and ultimately
on their members of Parliament, while they would main-
tain a regular corre3pondence with the executive com-
mittee. In this manner co-operation would be established
be.,,wec.s.i the metropolis and the most distant parts of the
kingdom, and even v,ith the colonies ; a knowledge of
all cases of oppression, too many of which are suppressed,
might be registered, and unity of purpose and action
would invigorate the movement. Desultory and inter-
mittent effoi at reform have always failed ; success can
only be secured by constantly bringing a subject under
the notice of the public, and fixing their attention on its
importance."
Tho manufacturing markets, especially those of
Manchester and Bradford, have been flatter this
week.

The amount of silver exported from London
direct during the week, to Thursday last, was
40,710 ounces, and of gold 123,5651. and 119,393
ounces—the coin going to Sydney, and the bullion
mostly to Hamburgh.
. . .

The detention or the st3amer Africa led to some
uneasiness yesterday afternoon, because of the cir-
cumstance that she was kept back by order of our
S:-.3retary for Foreign Affairs.
The funds are still depressed, and Consols hav-
ing closed yesterday at 9911 after " official" hours,
they have been done this morning at 991 /. The
account to be settled on Tuesday will be heavy,
and it is evident that part of the recent supply of
stock has come from the Bank of England, for the
express purpose of rendering money scarce, and
checking speculation. The New 3/. per Cents. have
been at 1031 to 1, and the 3 per Cents. at 1001 to 1.
The firs-named was sold to some extent both on
Thursday and yesterday, and to-day the latter has
been freely brought to market. Exchequer Bills
have been quoted at 663 to 68s premium.
Spanish Bonds have been very firm, the De-
ferred having been done at 231. The Certificate is
worth 51. Mexican Stock is dull at 231, and
Grenada at 211. Peruvian and Brazilian are
steady. Dutch 2-i per Cents. are not higher than
661 to #.
Gold Mine Shares are all weaker, the decline
being to on thole bearing premiums of 1/. to 2/.
The Land Companies also are depressed.
Railway Shares have given way now the account
is settled—Caledonian having dropped 305.; Great
Midland, Northern,
French Shares are a trifle better.
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BRITISH FUNDS AT ONE O'CLOCK THIS DAY.
(From, the Official List.)
Business none.
3 per Cent. Reduced Aunuities....... ..... loos i
i
3 per Cent. Consols Annuities.? 99i i
New 3i per Cent. Annuities.... .....
Long Annuities, Expire sth Jan., 1860 6 7-16-1
Ditto 30 Years, Expire sth Jan., 1860 6l
Consols for Opening 18th January
Exchequer Bills lid. March. June.
£lOOO.. 66
68
X5OO
Small
65

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Ditto New Bonds, 1829 & 39, 5 per Cent lo2i
Danish 5 per Cent
Equador Bonds s- 4-E1
Grenada Bonds, Deferred,
Ditto E. Dec., 1849, Coupon 2ll
Mexican 3 per Cent 23i
Peruvian 6 per Cent.
Russian Bonds, 5 per Cent.
Ditto 42 per Cent. . . ........ ... ..
Spanish Bonds, 3 per *Cent' .... 47a 8
Ditto New Deferred, 3 per Cent 23i
Spanish Passive (Converted)
Spanish Committee Cert. of Coup. not fun, 5-4 P e
Dutch Exchange 24 per Cent 66s I x d
Ditto 4 per Cent. Certificates..
TWO O'CLOCK.
Consols for Opening 18th January loa ix d'

THE LATE MURDER, NEAR CLOUGHJORDAN.—From
evidence at the inquest, and other particulars which
have reached us, we are warranted in stating that
the fearful deed is not of an agrarian character, but
seems rather to have arisen from the fact of ill-will on
the part of some members of his own family. It appears
that the unfortunate man and :As son were not on good
terms. They repeatedly quarrelled about a. servant girl
in Miss Crawford's employment, whom the son wished
to marry, but the father withheld his consent. The de-
ceased, who was steward to Miss Crawford, was sitting
at the kitchen fire of the house of his employer on Wed-
nesday night last, when he was killed by a shot from
an opposite window. ' He was in the act of reading a
letter by the light of a candle, which his son, a small
boy, held for him, when the fatal shot was fired. De-

libe'rate aim must have been taken, for the ball pierced
the letter he was in the act of reading, and then entered
his heart, came out of the spine of the back, and wounded
the boy who was holding the candle in the thigh. The
boy, we learn, lies in a very precarious state. On
Thursday morning, Captain Plunkett, the very efficient
resident magistrate of Nenagh, repaired to thespot,
accompanied by the coroner, Mr. Abbott, and an inquest
was held. The jury returned a verdict of wilful murder.
against some person or persons unknown.—Limerick,
Reporter.

EAST AND WEST INDIA DOCK COMPANY.—The half-
yearly general meeting of the East and West India Dock
Company was held yesterday, but on application at the
offices of the company, in Billiter-square, it was stated
by the officials that the meetings are always kept private,
and that no information could consequently be furnished
to the press. The dividend declared was at the rate of
31, 55. per cent, for the half-year, being the same as that
declared at the last half-yearly meeting.