The Sun.
London, England, 1853-07-02 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.
•
The sales of cotton at Liverpool yesterday were Shr•
estimated at 8,000 bales, including 2,000 taken for
export and speculation. The market closed very
steadily. Railway shares were very dull at pre- St.
vious prices. 20
On Wednesday next the further reduction in the 13
duty on foreign sugar, specified in the Act of 1848,
comes into operation. British colonial remains 31
charged as before, but 12 months hence will be
equalised with foreign. The abatement on foreign 27!
is 1 per cent. for Muscovado, is. 6d. for brown 22
clayed, ls. 2d. for white ditto, 2s. for refined, and st.
4d. for molasses. St.
The return of the Bank of England for the week 50
to the 25th ult. shows the influence of the advance 50
in the quarter. The Government balances were 5020
augmented, and, doubtless, stood at their highest 25
point, as the payments to be met about this time
will speedily have reduced them. The lodgments 25
of private depositors have been curtailed as they 25
usually are just previous to dividend time, owing 20
to the liquidation of duties, arc. The employment 25
of the assets of the Bank does not appear to have
increased. In the amount of the bullion there was ?.q,
but a slight alteration. Compared with the pre-
SL
vious week, the changes are as follow :
Active circulation..
Decrease
Bullion
Increase
Rest

£22,631,560
64,220
18,665,289
29,463
3,114,532

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

1,679
5,532,113
916,282
12,332,410
842,109
1,323,394
16,349
13,118,010

. .
Decrease 5,900 20
Other Securities 13,705,389 14
Increase 4,418 50
Notes unemployed 9,563.325 20
Increase
Bills of Exchange were taken yesterday after- St.
noon at lower rates upon the principal cities of the St.
continent. Paris, 90 days, was, 25, 22i to 25i ; 20
Amsterdam, 11; 181 to 4 ; Hamburgh, 13, 7t074 ; St.
Frankfort, 11, n 1 ; and Trieste, 11, 3 to 5. 50
The Bankers' Magazine for July presents a use- 40
ful variety of matter, and the articles upon the 25
winding up of Australian Banks and the pro- rt.
ject for a National Bank of New South Wales, de- 812 s
serve special notice. The recent frauds through St.
letters of credit, the anatomy of the errors arising St.
from the transposition of figures, and the contem- 50
plated alteration in the law of cheques, are among 25
100
the subjects treated.
The accounts from Jamaica state that the yellow St
6i
fever was still prevalent among the shipping at 25
Kingston, and deaths were frequent. With respect 50
to the sugar crops in St. Vincent, the accounts 20
are conflicting, but the preponderance of opinion St.
is decidedly in favour of there being a good harvest. 50
_ _

New York advices represent the Stock Market at
the latest date as being fluctuating. In flour a
good business was being done at full prices. Wool
was quiet.
The quantity of gold exported from London
direct during the week to Thursday last was 10,100
ounces and 40,0001. The silver exported amounted
to 21,200 ounces. The gold all went to the Conti-
nent.

The Funds have been extremely depressed this
morning, and the exciting news from the East has
had a very injurious effect. Consols have been
9n to 98, and since 97/ ; New Three-and-a-
Quarter per Cents. are 101 to 101 i, and the Three
per Cents. 988 Exchequer Bills realise 3s. to
ss. premium ; East India Stock is 262 to 265.
Foreign Securities have been generally lower.
Peruvian Bonds are an exception, having been
done at 831, and it is rumoured that the agents of
the Government have a large surplus in hand after
providing for the dividend due next October.
Mexican Bonds have been quoted 27R Equador
si, and Grenada Deferred 94. Brazilian Old
Stock is at 99 to par. Russian 44 per Cents. have
been marked 994 ex dividend. Belgian 41 per 20
Cents. 97i, and Dutch 2i- per Cents. 638 ex divi- 20
dend. Spanish New Deferred Stock has been 50
20
done at 224 to 8 ex div.
All the railway shares are worse, the average de- 1-1)
cline being /to per cent, on the English lines. 25'
The French shares are down 10s. to 11. 25
Gold Mine Shares are neglected, in the banks St./
there is very little doing, the Australian Agricul-
tural Land is worse by 31. to 51., and the Peel
River by to 1. St.

BRITISH FUNDS THIS DAY.
(Front the Official List.)

Business done.
3 per Cent. Reduced Annuities 98t 4
New 31 per Cent. Annuities lOll 1
Long Annuities, Expire sth Jan., 1860
India Stock
Consols for Account 9711 8 7i 8 7i
Exchequer Bills, ld.
£l000
£5OO 4 1 p
Small 4 1 p
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Equador Bonds
Greek Bonds, Red
Mexican 3 per Cent.
Peruvian Bonds, 44 per Cent. B3
Russian Bonds, 5 per Cent.
Ditto 4i per Cent.
Sardinian Bonds, 5 per Cent
Spanish New Deferred, 3 per Cent
d
Ditto for the Account 22/4 i x d
Dividenis on the above payable in London.