The Sun.
London, England, 1853-09-06 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
about 5,000 bales, of which 1,000 American were
taken on speculation. The market was heavy,
without alteration in prices. The sales comprised
4,400 American, 50 Pernam and Maranham at
6t d. to Bd., 50 Bahia at 6d., 250 Egyptian at
6 d. to 9d., and 300 Surat at 3d. to 4id. per lb.
T e Share arket opened firmer, but closed very
flat.

The following figures show that Canada is pros-
pering in a degree not to be surpassed by any
place :
_.

Customs. Public Works.

Receipts in money from Ist Jan
to 23d July, 1853 £468,927 ... £51,719
Do. do. 1852

Difference in favour of 1853 £138,593 ... £15,337
If the revenue augments in the same proportion to
the close of the year, the Customs in 1853 will
give about 997,6901., being an excess over last year
of 292,1721., when they gave 705,5181. At the
same rate, the Public Works will give this year
103,2771., while last year they gave but 61,500/.
The total revenue of this year may therefore be
estimated at 1,204,4581., allowing that all the other
sources remain at a stand.

The lumber trade of New Brunswick has grown
very largely within a year past, in consequence of
the change in the British navigation laws, which
throw open to foreign vessels, on an equal footing
with those of Great Britain, the trade between
British ports. Under this system, many Ame-
rican vessels engaged in carrying freight or emi-
grants to American from British or Irish ports, go
to St. John's, N. 8., and take return cargoes of
deals. The increased demand thus created, has
caused great sales of timber lands to supply the
market. A Fredericton paper of the 20th ult.,
for example, tells us that on the last three days of
the previous week, an intense excitement has been
witnessed at the Provincial Land Office there, very
extensive sales of timber berths having taken place
for different counties, the receipts reaching 4001.
iu the period mentioned. The same journal re-
marks that so numerous a gathering of the leading
operators, and such keen eagerness as was appa-
rent in every face, was never witnessed before.
Since Saturday, when there fell due such a large
amount of commercial bills, money has been some-
what less in demand, but it cannot be stated that
discounts are obtainable on lower terms. Gold is
still required for the Continent, and the immense
quantity of corn available for England in the Da-
nubian provinces, is enough, it is said, to freight
upwards of one thousand ships, owing to
the accumulation and the delay in the exports
during the Eastern crisis. At a moderate cal-
culation we shall pay in part with manufac-
tures, but it is to the United States we must look
as the best barter customer. At the latest date
cash was more plentiful in New York, and the im-
ports of specie from California were large. Here
we have satisfactory arrivals, but the amounts leave
us almost as soon as they come to hand.
The silver by the Daedalus has found prompt
buyers for remittance, not only to the East, but
likewise to Hambro' and Amsterdam, partly in ex-
change for gold. There is scarcely a more debate-
able point just now than that of the probable future
value of money. Si fine think it will be yet dearer
this year, while others look for a reduction. Much
evidently depends upon the state of the weather
from this time until the harvest is secured, for
although the past deficiency cannot be made good,
further loss may be prevented, so much being yet
unhoused.

The English stock market was very flat at the
opening, Consols being 971 to I, or even worse
than they left off last evening, when speculative
sales were made to some extent. It is probable
that the cause of these operations is the rumour that
the Eastern question is again unhinged, and likely
to occasion difficulty, but in the best-informed circles
it is believed that there is no probability of a mis-
understanding. The present price of Consols is
about 971 Bank Stock has been heavy at 227.
The New 381 per Cents. have realised 100.1 to ,12, ; and
the 3 per Cents. 974- to 98. Exchequer Bills are
heavy at 2s. to 3s. discount.

In Foreign Stocks the transactions have been of
very little importance, and the quotations, there-
fore, are merely nominal. Mexican Bonds have
been done at 261 to ; Grenada are worth 22-i ;
Brazilian New Four-and-a-Half per Cents. have
been marked 99 ; Sardinian Bonds are at 96 ; Pe-
ruvian Four-and-a-Half per Cents. are about 82
to 83.

In the English Railway Shares the transactions
have been much more limited, and prices have not
recovered generally the partial decline which oc-
curred yesterday afternoon by sympathy with
Consols. Caledonian, North-Western, Midland,
and South-Eastern have been cheaper. Great
Northern are very firm. The French lines are
also depressed, and the business doing in them is
upon a contracted scale, although holders do not
force sales.

In the Gold Mine Shares there has been scarcely
a bargain, and the Land Companies have not im-
proved. In the Australian Banks there has been
much less doing, and a want of buoyancy again
prevails.

BRITISH FUNDS THIS DAY.
(From the Official List.) _ .

Business done.
Bank Stock ...
3 per Cent. Reduced Annuities.... ..... ...... 98 74 sii 74
3 per Cent. Consols Annuities.,, 97tk#4ri
New 34 per Cent. Annuities lOO4 2 4 A p
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth Jan., 1860 SB
India Bonds, £lOOO
Consols for Account Bth September 974 i 4
Exchequer Bills, ld.
£lOOO
..
$:,500
small ................... ..
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 4i per Cent 99 4
Grenada Bonds, Ex. Dee., 1849, Coupon 22A
Grenada Bonds, Deferred
Mexican 3 per Cent.
Sardinian Bonds, 5 per Cent 96
Dividends on the above payable in London.
Dutch Exchange, 21 per Cent.
Ditto 4 per Cent. Certificates..,~,

THREE O'CLOCK.
Consols 97A i
Ditto September Account 97k /

MARKET NEWS—(THIS DAY.)
COLONIAL.
SUGAR.—The market is firm, and the public sales are
expected to go off well, holders evincing much confidence.
The quantity of British Plantation landed last week at
the East and West India Docks was 2,485 hhds, 240
tierces, 1,506 barrels; there were taken for home consump-
tion 1,721 hhds, 143 tierces, 768 barrels. The stock in
the same places is 10,800 hhds, 1,691 tierces, 3,736 barrels.
Refined low to fine grocery lumps have been sold at 465.
to 48s. 6d.

COFFEE.—The market is very brisk. A large parcel of
Native Ceylon has been taken at 485., owing to the Dutch
auctions going off so well. Plantation is also higher, and
the coloury sorts are brisk. Native is firm, at 475. 6d. to
48s. for good ord.
R'J M.—The quantity landed last week at the East and
West India Docks was 365 puns, 3 hhds; there were
taken for home consumption 254 puns, 6 hhds, and ex-
ported 145 puns, 346 hhds. The stock in the same places
is 8,031 puns, 596 hhds.
RlCE.—Bengal-3,874 bags at auction was all taken in
at 14s per cwt for good white, being held very firmly.
SALTPETRE.-573 bags Bengal at auction partly sold at
28s to 28s 6d, for good and fins 5i to 4 per cent refraction.
TALLOW.—P.Y.C. is 51s per cwt on the spot, and town
52s 9d.

TEA.—There are large sales now in progress, which will
not conclude to-day, but the biddings are not brisk.

HAY MARKETS.
SMITHFIELD.—OId meadow hay, 4/ Os to 5/ 5s ;
new ditto, 2/ lOs to 4/ Os ; old clover, 5/ Os to 6/ Os ; new
ditto, 31 lOs to 51 Os ;
and straw, 1/ 8s toll 16s per load.
A moderate supply, and a steady demand.
CIIMBERLAND.—OId meadow hay, 4/ 4s to Si 8s Od ;
new ditto, 2110 s to 41 Os ; old clover, 51 Os to 61 Os ; new
ditto, 3/ lOs to 51 Os ; and straw, 118 s to 1/ 16s per load.
Supply tolerably good, and trade dull.
WHITECHAPEL.—OId meadow hay, 4/ Os to Si 58 ;
new ditto, 2110 s to 4/ Os ; old clover, 51 Os to 61 Os ; new
ditto, 3/ 10s to Si Os ; and straw, 1/ 8s to 1/ 16s per load.
Trade steady.

STATE OF TRADE.—The accounts of the state of
business in the manufacturing towns during the past
week show no diminution in any quarter, with the ex-
ception, perhaps of Manchester, of the extraordinary
activity that has so long prevailed, the advance in the
rate of discount by the Bank, instead of being regarded
with disfavour, being welcomed as a measure that may
still further sustain trade, by checking a fresh rise in
raw material. The Manchester report indicates a quiet
market and a slight reaction in prices. At Birmingham
there is unlimited employment, the steady demand for
manufactured iron still rendering it difficult to induce
the various firms to take orders at existing rates.
Copper also remains firm. At Nottingham the hosiery
purchases have again been extensive, especially for
shipment to Australia and the United States. The
scarcity Of hands still prevents the supply of goods
from being adequate, and a very large advance in wages
has just been conceded to that numerous class of the
operatives of the town who were last year apprehending
ruin from the introduction of new machinery. In lace
the transactions, as is usual at this period, have been
limited. From the woollen districts the statements
consist merely of a repetition of the details of unlimited
prosperity, while from the Irish linen markets alsoit is
mentioned that animation is everywhere observable ;
and that, in the face of rising prices, the quantity of
goods brought forward is yet far from meeting the
pemand,