The Sun.
London, England, 1853-03-29 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 9,000 bales—of which 3,000 American
were taken for export and on speculation. The
market closed firmly, at previous rates. The sales
comprised 7,000 American, 390 Pernam and Ma-
ranham at 6/d. to Bd., 200 Bahia at 6d. to 60.,
600 Egyptian at sid. to Bd., and 500 Surat at 30.
to 4id. per lb. Railway Shares were dull and
Iseavy, at lower prices.
The steamer from the Cape of Good Hope has ar-
rived, but we have no letters yet. The Great Bri-
tain, steamer, had reached the Cape, and left three
days before the Calcutta, which has the Cape mail.
The Great Britain may probably bring later news
from Melbourne, but not from Adelaide. The
Cape war has terminated, peace having been de-
clared.

The Chairman of the Committee for promoting
the formation of Tribunals of Commerce has ad-
dressed a letter to the members of the Committee
stating that he was in possession of a most influen-
tially signed requisition to the High Bailiff of the
Borough of Southwark, asking him to preside
at a public me€Vng.,, to be held at the Town Hall,
to consider the importance of Tribunals of Com-
merce. On the 6th of next month, Mr. Francis
Lyne and a deputation meets other deputations at
the Liverpool Chamber of Commerce to consider
the same question. These manifestations of energy
`afford fair ground for the hope that the cause is
!gaining ground.
The holders of Peruvian Scrip have had an offi-
cial intimation from the financial agent of the Re-
public here, that unless they convert before the Ist
of Oct. next, they will be paid off at par. Con-
sidering that the Scrip commands a higher value in
the market, it is the interest of all parties to ac-
quiesce, and the largest and most influential credi-
tors have already given in their adhesion. Al-
though opposed to conversions which are made
with the view of covering the deficit of insolvent
States on States that can pay, and will not pay,
we cannot gainsay the fact that the Peruvian Go-
vernment in this instance is legally empowered to
effect the conversion, and seeing the large
resources annually placed at its commandlay the
increasing sales of guano, it is very probable, in
addition to the conversion of the existing debt,
there will be a large redemption by purchases
in the market ; and, further, that the De-
ferred Bonds will ere long be dealt with, so as
to make them active. Peru appears recently to
have recognised several home claims, which in
strictness, it is considered she was not bound to
admit, and if her credit on that account should be
raised, there will, perhaps, be no great cause for
regret. As matters at present stand, there can be
no question that Peruvian Bonds are a safe and
eligible investment. Another instalment on the
Scrip falls due in a few days.
The difficulty of obtaining quotations for the
shares of many new companies already very cur-
rently dealt in, prior to the settling day being
named, has long been felt, but it certainly cannot
be considered that the Committee of the Stock Ex-
change is to allow every new scheme to have its
shares marked before investigation or satisfactory
proof that the conditions of the prospectus have been
carried out. In the matter of the Cosheen mine, with
the consent of all parties, the committee have named
a settling day, but there will be no buying in with-
out the sanction of the Committee. A most searching
inquiry has taken place into the charges indirectly
made against the Directors, and it has been satis-
factorily shown that the allotments were made.
Speculators, of course, become shy when they find
scrip firmly held, and that they are unable to
deliver what they have sold for time ; but as these
transactions come within the category of debts of
honour, it is a dangerous practice to dispute them,
and we give the jobbers in the House full credit
for an anxious desire to respect their obligations.
This, we are told, in the present case, they will do,
and generally without demur.
The English funds have been very firmly sup-
ported, and there are money purchases rather freely.
made. The period is now at hand when the divi-
dends will be payable, and the large amount thus
thrown into circulation must, if politics are not ad-
verse, impart strength to the quotations. The im-
portant declaration, signed by all the leading firms
in the metropolis, of an anxious desire for
the preservation of peace between France and
England, has an excellent effect here, and is well
calculated to inspire confidence. Consols have
been 994 to par for Transfer, and 99 to par for
Account. Exchequer Bills of March are about the
same as yesterday. East India Bonds aro 40s.
premium.
In the Foreign Market, prices are generally
steady. Peruvian Scrip is 31 to 4 prenittun. The
Deferred are at 64. Grenada Deferred Stock is
worth 11*, and Equador maintains the high price
of 6. Brazilian Four-and-a-Half per Cents. have
been at 98i to French Four-and-a-Half per
Cents. are worth 102 75, with the exchange at 25
15. The Spanish Committee's Certificate is firm,
at 84 to Sardinian Stock is marked 972• The
Swedish Loan is at 1 dis. Belgian Four-and-a-
Half per Cents. are 99.
The Railway Share Market is very heavy, and a
decline has occurred in North-Western, South-
Western, Midland, and most others, of about per
cent, York and Berwick being 10s. to 11. cheaper.
The arrangements for carrying over are now in
progress. French Shares are rather depressed.
Gold Mine Shares have been dull at about the
previous rates.
The Land Company's Shares are rather flatter.
The Australian Bank Shares droop as well as the
Oriental.

BRIEISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
B mines% done.
3 per Cent. Consols Annuities
India Bonds, £lOOO —
Ditto, under £lOOO 4O
Bank Stock for Account 2281
Consols for Account
Exchequer Bills, lAd. June. March.
£lOOO
£5OO
Small 6 10

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian New Bonds, 41 per Cent. 9Ba 4
Equador Bonds 6
Grenada Bonds, Deferred,
Peruvian Bonds, 1849, 4i per Cent.
Ditto Scrip
Ditto Deferred, 3 per Cent 64
Sardinian Bonds, 5 per Cent. 971
Spanish Bonds, 3 per Cent. 4Bi 9
Ditto New Deferred, 3 per Cent. ... .. 25 4i-
Ditto Committee Cert. of Coup. not fun. 84 6 P e
Swedish Loan. 1 i d
French Rentes, 4A per Cent lo2f 750 Ex. 25f
Belgian Bonds, 41 per Cent. Ex. 25fr 99
TWO O'CLOCK.
Consols
Ditto April Account 99j par

THE LABOUR MARKET.—SIGNS OF THE TIMES.—Some
of the establishments in Southampton are endeavouring
to prevent their clerks leaving them by inducing them
to enter into bonds to remain with them a certain num-
ber of years. Mr. Mare, the eminent shipbuilder, who
has commenced the building of works close to South-
ampton for repairing the steamers of the General Screw
Company, is about to 'build 100 cottages for his work-
men.
DIABOLICAL NEGLINT OF INFANTS.—A female, named
Margaret Bryan, was safely delivered of a male child, in
Bermonddey workhouse, seven days before last Friday.
She left the workhouse on Saturday last, taking with
her the infant, when she proceeded into the neighbour-
hood of the Victoria Theatre, and threw the poor child
into the passage of one of the houses near 'the Coburg
Tavern. One of the inmates, on returning home, found
the child lying in the passage, almost frozen to death.
He at once gave information to the police, and the little
innocent was forthwith removed to Lambeth poor-
house. Inquiries were then instituted as to who was
the inhuman mother, the result of which left little
doubt but the offender was the person above named.
She was a single woman, and, in order to hide
the disgrace she had brought upon herself, had
resorted to this unnatural expedient of relieving
herself of her offspring. The police having gone in
search of her, they apprehended her in the neighbour-
hood of Bermondsey-street, and conveyed her to Tower-
street Police-station. The charge having been entered,
she became so weak from her recent accouclanient that it
was found absolutely necessary to remove her to Lam-
beth workhouse ; she was, therefore, unable to appear at
the Southwark Police-court yesterday ; but in the event
of her recovery she will be placed before the magistrate
to answer the serious charge of attempting to destroy
the life of the infant by gross neglect. A male child,
since named Thomas Kennington, was found in a garden
in Kennington some two or three months back, whose
death was announced to Mr. Carter yesterday. The child
was found by the police, and as no one knew where it
came from the parish authorities had it christened, and
gave it the above name. After lingering for two months
it expired. The mother of the child as yet has not been
discovered.
SHREWSBURY AND BIRMINGHAM RAILWAY. —Th e
half-yearly meeting of the proprietors was held at
Wolverhampton on Saturday ; the Hon. B. H. Clive,
M.P., presided. The report was read by the secretary,
which stated that the traffic receipts on revenue account
for the half-year ending the 31st of December last show
an increase of 2,7851., or 16 per cent, over the corre-
sponding period of the previous year ; and the net re-
ceipts for 1852, including those from the Stour Valley,
show a dividend of Bs. per share, or 5 per cent, on the
preference shares. The sum of 4s. 6d. per share has
-.peen paid on account, and dividend warrants are being
made out for the balance of 3s 6d. per share,.. There are
now three years' dividend owing to the holders of Lon-
don and North-Western guaranteed stock in respect of
the receipts from the Stour Valley Company. The di-
rectors recommend that a dividend of 2i per cent., free
from income tax (which has been paid by the Stour
Valley Company), be now paid upon this stock, and
that the same rate of dividend be paid next half-year."
The report was agreed to,