The Sun.
London, England, 1854-04-13 00:00:00

MONEY MARKET

AND
COMMERCIAL IVTELLIGEN 'E.

CITY, TWO o'cLoca
The sales of cotton at Liverpool yesterday were
eat ertteil at 8,000 bales, of which 1,500 American
wet e tak en for export and on speculation. The prices
for all kiwis were fully supported, and solid Ame-
ri
iecian at Sid. to 6,1. were a point against the buyer.
T
gales comprised 6,000 American ; 1,000 Pernam
and Matanhatn, at 6gd. to 71,1.; 200 Egyptian, at
to 71d. ; 500 Surat, at 2id. to 4.1. ; and 220
S;;a, Island, at Bd. to is. 4d. per lb. Railway
Shares were steady.
The produce markets close this evening for the
Easter holidays, and business throughout the
Week has been conducted on a very protracted
iscale. Even Russian staples have declined, clean
nemp being barely at 701., while Jute yesterday
afternoon fe]l 11. to 11. 10s. per ton. The demand
for tallow was a little brisker on Tuesday, but the
improvement then gained has been lost again.
There is a large account in this article to be ar-
ranged in a few days, and preliminary thereto we
must expect a disinclination to enter into fresh
transactions.
The advices by the Overland Mail, by way of
Marseilles, have been delivered ; the Southampton
portion of the mail coming through France like-
wise, probably in consequence of the vessels of the
Oriental Steam Navigation Company having been
taken up by Government so suddenly as tempo-
rarily to interfere with the accustomed regularity
of the service. The commercial markets at Bom-
bay and Calcutta were rather dull for imports, and
money, especially at the former place, was dearer,
the banks having raised by 1 per cent, their rates
of discount.

From Ceylon we have the interesting, and, as
the result may yet show, the important fact re-
corded, that the discoveries of gold have been
Inade• An official report has been sent home
upon this subject to the Colonial-office, and, al-
though drawn up hurriedly, it is reliable as far as it
goPes, and calculated to awaken earnest attention.
appears that Mr. M'Cartney, the head of the
Police Service, and Mr. Poma, the Assistant Go-
:etilraellt agent, had visited the locality, and wit-
'eased at the diggings the washing of two pans of
earth that contained very many minute particles of
?1(1. The report is dated Yattegodde, March 11.
The place is 40 miles from Colombo, near Girooele,
athe road from Negombo to Kornegalle. A good
rriage road runs all the way from Celoini,o to the
gene of action. There is no precise information as to
b" quantity of gold which the earth contains,
tut, it is assumed that it cannot ba insignidoaut,
eenig that the sailors who made the discovery,
and are old Californian and Australian diggers eon-
tinned
at work.
."a„4 discussing the Bank Act of 1844, in theory
in practice the Banker's Circular shows by
'aures the great vicissitudes of the year 1847, and
s
Very pertinently why the arbitrary amount of
eleven millionssterling owing by the Government
the Bank should form the chief portion of the
...Recurity for its issues. According to tin statistics
6 'en, the amount of gold in the issue department
in 1847, varied from 7s. Id. to lls. 91. in the 1./.
14 Proportion to the notes in circulation. Fur 19
leeks there was a gradual decrease in the amountof
!cdtlin. the Issue Department to the extent of nearly
I'° Millions sterling. After the most stringent
't,easnres by the Bank, there was an increase during
eenext six weeks, and then the drain recognised
tent on, with the exception of two weeks, to the
23d October, when the decrease was 42 per cent.
Then came the memorable Government letter,
,"jell restored confidence, though it destroyed the
40tion of the infallibility of the Act of 1844. Ae-
-I,cling to the general belief, the Bank must, in 48
hours from that date, have declined all further
'iscounts, although it had at the time nearly seven
blillions sterling in its coffers.
The Note Circulation of the private banks of
,11gleind during the week to the 25th ultimo., was
`),,,,806,983/. against 3,770,688/. in the present week.
This ie. about 800,0001. below the authorised issu.
eThe circulation of the Joint Stock Banks of
gland in the week to the 25th ultimo, was
v:13,318/. against 3,093,1891. in the present
.ee• This is about 188,0001. under the autho-
`laed issue.
&41't the half-yearly meeting of the Royal Mail
1.47 1-packet Company, this day, a dividend at the
eor 2/.per share was declared. There was a
41%41tal •
1719_ on on the whole year of 1853, amounting
791/. 14s. 7d. The balance of profit and loss
444,4, 'll,llB/. 2s. 6d., leaving 29,6301. for dividend,
k,4 reserve of 41,4331. 3s. 61. The report was
Lopted.
i The English Stock Market has been less excited
114:110 absence of any important news. Consols
872° 'leen up to 88 and 881, and are now 87i to
-Bank Stock is at 215 to 216. East Indian
prt)ect h 3 at 221. Exchequer-bills are at ls. to 4s.
prelnizi.lll; and India Bonds at 4s. discount to 2s.
to 411111)1. The New 3/ per Cents, have been 874'

The
•voreign Stock Market is extremely inani-
Pe,„l,and prices are for the most part nominal.
43 —"an Three per Cents. are steady, but dull at
05,salld Sardinian firmer at 79. Russian Five per
bilttB. are heavy at 92, being per cent. lower,
Freiltl;e Three per Cents. have not been dealt in.
that en Three per Cents. are 90 50, with the, ex-
-41/,,,,,2 at 24 90. Dutch, Mexican, and South
The securities generally are neglected.
tothis last week's railway receipts ascertained up
day are in round figures as under Great
N,1()11thil-Weste,rno
£23,153 £20,481
53,090 46 076
kit,:\Veßtern
-04 ........
lioutik4d ........... 23,633 23,513
Gree
r,"-Easterri.. ................
16,047 13.737
stnd Edit'. and Glasgow 15,004 12,775
rthern 17,127 14,425
'.OLa
'lZtshire and Yorkshire
,:ciantl North Midland, Ne wea,stle
li
erwiek and Leeds Northern 26,985 24,157
drltootlway Shares are dull, and the quotations are
Gre Vng• Caledonian have receded about 55.,
44(144 Northern 10s., North-Western ss. to 108.,
44 the others in the same proportion. French
,re are entirely without movement. Great
Ver.rl of Canada are firm.
tio titling Shares attract scarcely the least atten-
Ilio Agua Fria, are ss. better.
„. nof Australia Bank Shares are 10s. higher.
t 0.413. the Laud Companies' no transactions have
ken place.

Ilk
TISH FUNDS TRIS DA.Y.—CLOSING PRICES.
t
( From the otoicica Li„.
P.ilninex% done
kit ROCk .... .......... .... ............. 215 16i
z 12er Cent. Reduced ............. ............ B7 h6l
til',ll..Sent, Consols Annuities B7i 8h 7 1,,,i7 4i Per Cent. Annuittes BB 7i
/„ 1.,1 Steck 224
'411f% Bowls ..
'ifoiio
CO
under 21000 2 4 d eels for Account 18th April B7i i 8 T
ti
Bills 2d.
tiler '
. p
4 p
.....
1 4 --uau .............................
kePtICE OF FOREIGN FUNDS THIS DAY.
er
1,,,31,!Lt.0 for p Cent.
the Account 24
Rt:ran 3 per Cent.
1104.,i'illatuRoBnocialscis18622,e 5 -)artf...,ent. XSt 9279
r
tree, Dividends on the (hove pay.sble In London.
'413. Routes, 4i per Cent.
Consols
THREE O'CLOCK.
87i 8
131tto April Account B7 8

altiftv,.. v
the Bth instant,
4,,,,, ' a laiip AT BERLlN.—Madame Goldsehmidt
It 471'3' Lind) gave her third concert on
of
6:1:)1e Grand Re4outen Saloon at Berlin. Upwards
with
40en,p,leereRcoinase.were present. The concert went off
likoi*LAmit TtraSATID'I3 ExHIBITION.—An admirable
$ bileba4 of Lieutenant General Sir Archibald Macleane,
114-'''' bag just been added to the numerous heroes
tet: l'epresented. This gallar►t soldier is the only officer
hi - alive who served with the Duke of Wellington. in
the earliegt campaigns in India. He was engaged during
Re,,,:hole of the campaigns in the south of Spain,s and
Indies at also at the Cape of Good Hope and the
.V!tns.
110110,8% At Matahorda►, near Cadiz, lie greatly dist
exidt e(t himself, altping at bay 8,000. of the enemy_
ien! Itiatilhal S for two months, with about 15U
A ROL Ip.t.
IZ-.6 AT THE LAW OFFICES.—This day (Thurs.
otoh.e iudgeß' chambers, and the offices of the several
TR I ll'. w►ll be closed until Wednesday next.
131 pi! —4T Op PRAYER AND HUMILIATION. —The day
the .I't4! instant, will,
HUMILIATION.—
the 2-Pter. and humiliation, fixed for Wednesday week,
it is understood, be observed by
1.4: "'DO of the courts and. office@ connected with the