The Sun.
London, England, 1853-07-16 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.

The cotton market at Liverpool yesterday was
tame but quiet—sales, 8,000 bales, including 2,000
taken for export. Railway shares were firmer.
The changes that appear in the balance sheet of
the Bank of England made up for the week to the
9th instant are, for the most part, referable to the
dividends and other state liabilities due at the close
of the financial quarter ; but there is one item,
that of Government securities, which is not ex-
pected to show an increase at this period, and
which most likely has been augmenterl by the de-
posits of Exchequer Bills as security for temporary
loans to meet the Government requirements. The
discounts were less in amount, because advances
made ere the transfer books closed had to be re-
turned. The bullion was lessened, owing to the
sums required for the various payments as well as
for shipment. Compared with the previous return,
the alterations are as follow
Active circulation

Increase

£23,806,980
959,160
18,263,674
290,231
3,210,137
60,348
3,953,330
1,662,032
13,508,613
1,003,993
1,409,150
36,508
14,497,333
1,380,336
13,680,203

Bullion.

Decrease

Rest
Increase
Public Deposits
Decrease
Other Deposits
Increase
Seven-day and'other Bills
Increase
Government Securities
Increase
Other Securities

Decrease.
Notes unemployed

692,128
8.101,820

Decrease-

1,102,440

There was a decline here yesterday afternoon in
the rates for bills of exchange upon all the prircipal
continental cities. Paris, 25 20 to 25 ; Amster-
dam, 11 18 to ; Hamburgh, 13 61 to ; Frank-
fort, 11 9to ; and Trieste, 11 3to 7.
The exports of the precious metals from London
direct during the week to Thursday last were 5,500
ounces, and 5,0001. in silver, and 29,744 ounces in
gold, all of the latter going to the Continent.
There are no later arrivals this morning.
The Stock Market is dull, and prices are weaker,
the continued heavy fall of rain exercising an un-
favourable influence, in the absence of any later
news from abroad. Consols have been 97i and 98
for transfer, and 971 for account. The New
Three-and-a-Quarter per Cents. have been steady,
at 100/ to 101 ; and the Three per Cent. Reduced,
981 f. South Sea Stock has declined to 1151.
Exchequer Bills are worse again, being 2s. dis-
count to is. pm. Money seems more in demand
in the Stock Exchange.
Business in the foreign market has been con-
ducted on a very limited scale, but prices have
been well supported. Russian Bonds have been
done at 117 for the 5 per Cents., and Dutch 4 per
Cents. have improved to 96g. The New Deferred
Spanish Stock is firmer at 221. Equador Bonds
are up to 51. Brazilian New 44 per Cents. have
been quoted 981. Danish Bonds have been at 851
for the 3 per Cents.
The Railway Share-market has been extremely
inanimate and rather flatter. Foreign shares are
also neglected. Hamilton and Toronto are quoted
with 51. 10s. paid, and Luxembourg ex div.
The Gold Mine Shares have been very heavy.
The Land Companies Shares are about the same.
Australian Agricultural have been dealt in under
the new arrangement, reckoning 171. 10s. paid up.
The Joint Stock Banks are firm.

The Obernhof Mining Company has declared a
dividend at the rate of 20 per cent. per annum for
the first three months of its working.

BRITISH FUNDS THIS DAY.
(From the Official List.)
Business done.
3 per Cent. Reduced Annuities 9Bi
3 per Cent. Consols Annuities
New 34 per Cent. Annuities lOl 100,1
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth Jan., 1860 5 9-16
India Bonds, £lOOO
Ditto, under £lOOO 22
South Sea Stock
Consols for Account
Exchequer Bills, ld.
£lOOO
£5OO .
Small .

2dlp
2d 1p
2d2p

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 41 per Cent 9B. 9
Danish Bonds, 1825, 3 per Cent Bsi
Einador Bonds
Greek Bonds, Red
Russian Bonds, 5 per Cent.
Ditto 41 per Cent.
Spanish New Deferred, 3 per Cent 221
Spanish Committee Cert. of Coup. not fun. 5i i

xd
xd
Pe

Dividends on tte above payable in London.

Dutch Exchange, 2. per Cent...
Ditto 4 per Cent. Certificates .

x d
96/
TWO O'CLOCK.
971 xd

Consols for Opening 19th July_

AUSTRALASIAN PACIFIC MAIL STEAM COM-

PANY.

The first half-yearly meeting of the Australasian Pacific
Mail Steam Company took place yesterday afternoon,
when the report brought forward was unanimously
adopted. The prospects of the undertaking are de-
scribed as encouraging, and the directors state that the
communications they have had with parties engaged in
the Australian trade confirm them in the belief that they
have selected the best route. Of the 12,000 shares
issued the whole have been paid upon with the excep-
tion of about 300, the various calls having been punc-
tually liquidated. Some suggestions were offered .by
proprietors respecting general management, to which
the directors promised to give attention. The following
is an abstract of the report, from which it will be seen
that the company's first vessel, the Kangaroo, is ex-
pected to be ready for sea in about two months :
"The directors have called the first half-yearly general
meeting of proprietors, under the provisions of the deed of
settlement. Since the meeting in January considerable
progress has been made by the respective contractors. Four
of the vessels—namely, the Kangaroo, Emeu, Mennra, and
Dinornis, are approaching completion, and the Black Swan
is well advanced. The company's superintendent in the
Clyde reports that the Kangaroo will be launched on the
22d inst., anti will be ready for sea about the middle of
September, From causes over which the directors had no
control, the vessels have not been completed so soon as
could be desired, but they hope that before the end of the
year the whole of the fleet will have left England, to take up
their station on the Pacific. The directors have at present
been unsuccessful in inducing her Majesty's Government to
subsidise the Panama route, but a deputation of Australian
merchants has been lately informed by her Majesty's Post-
master-General that, under the circumstance of the Panama
line being projected, no other contract for the Australian
mail service would be entered on for a fixed term. In the
meantime, as is probably known, a temporary arrangement
has been made for the conveyance of the mail by sailing
ships, vid the Cape of Good Hope, alternately with the
hi-monthly service, by way of Singapore. On the 16th of
April Mr. Alexander Currie, a director, left for Australia,
to make the preliminary arrangements at Melbourne, Syd-
ney, and New Zealand. At Panama the company's busi-
ness will be managed by the Pacific Steam Navigation Com-
pany, with whom an agreement has been entered into for
that purpose. The increasing popularity with which this
undertaking is viewed by the Australian public confirms
the directors in the view they have entertained, that the
Panama line must eventually become the groat highway
from Europe and America to Australia and New Zealand."

VIENNA.—The mercantile adviees from Vienna, of the
11th inst., state that a general conviction prevailed that
the Turkish question might be regarded as settled.
Many persons affected to believe that the favourable
turn which affairs were supposed to have taken was
owing to England having induced Turkey to give way ;
but among persons of better judgment the opinion was
that Russia, being now hopeless of breaking the alliance
and
of I ranee and England, and having made her threatened
a ofn yh
demonstrationher pretensions,l' inthe principalities, is fully as anxious as
of he other powers to arrive at a pacific adjust-
ment,reach to the 9th
to consent accordingly to some modification
the funds and the inst., ST. PETICRSEURGII.—From St. Petersburgh the letters
altera-
tion. On the pr at which date the quotations of
foreign exchanges were without altera-
Prra7tnrhgeeieri:ilYglrr.
differences of Opinion
revailed, some houses having full
confidence in the
np maintenance of peace, while others
pneessension. At Riga there was
entertained much
Thel Odessa advices are to
evidently more uneasi
thatct ed
pricesi n
werewheatv r y business had again
the 4th, and state that a .e
for French ac-
POSTAGE TO THE GOLD COAST.
rant, dated Whitehall, July
bcoeuennt,traanndsa
12, 1853 Y, it' • treasury war-
is ordered. that
printed books, reviews, pamphlets, &C., Posted •
in the
United Kingdom, addressed to the colony of the
Goldresse
Coast, in Africa, or posted in the said colony,
ad .
to the United Kingdom, maybe transmitted by post, a
sub-
ject to the following regulations, viz. :—lf not exceeding
ilb. weight, 6d, ; not exceeding 11b., ls. ; 21b., 2,. ; not
not exceeding 31b., 3s. ; and above 31b., ls. for every
fraction of an additional pound. If posted in the United
Kingdom the postage is to be prepaid by postage stamps
affixed to the said printed books, &c., and if posted in
the colony of the Gold Coast the postage is to be pre-
paid, either in money or by colonial postage stamp or
stamps. The warrant is to come into operation on the
Ist of October next.
THE WAGES MOVEMENT IN LONDON. —The appear-
ances are not by any means satisfactory ; the tnen in
several large firms are unfortunately much disposed to
strike, and it is impossible to say with certainty what
will take place in a few days. This state of things, of
course, does much harm ; trade is unsettled, and loss is
caused to all parties. The masters, on the other hand,
seem very determined against raising the wages of all
alike, and feel assured of being able to obtain other men
from the country should a necessity arise. It is a great
question, if the delegates from the carpenters hrive the
confidence of the body. The agitation which prevails
is greatly to be deplored ; those who continue to excite
it are not the friends of the working men.—The
Builder.