The Sun.
London, England, 1853-08-17 00:00:00

MONEY MARKET

AND

CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, of which 2,000 were
taken for export. The market closed heavily
with but little alteration in prices. The sales com-
prised 3,000 American, 1,000 Pernam and Maran-
ham at 60. to 7-W. ; 20 Egyptian at 9d., and 1000
Surat at 4 1-16th per lb. Railway Shares were
dull at lower prices.
A conversation that took place last night in Par-
liament, possesses a good deal of interest for the
banking community. The inconvenience felt by
the circulation of half-crowns and florins at the
same time,. has been a matter of complaint of late,
and it is very satisfactory to learn from the Chan-
cellor of the Exchequer that there have been no
half-crowns issued for the last year or two.
It would have, perhaps, been desirable how-
ever, that Glvernment should have gone still
further, and have decided upon calling in all half-
crowns, or at least of instructing the Bank of Eng-
land to exchange at the Mint all that it might re-
ceive. The Chancellor of the Exchequer urged,
in reply to the latter sumestion, that there w,as a
good deal of preliminary inquiry and arrangement
necessary before the decimal system could be con-
veniently introduced, but a measure so simple as
this, one might have thought could have been at
once carried out without interfering in any way
with the interests of the public.
The accounts received from Australia entirely
corroborate the assertiors that the markets would
soon be much more amply supplied with produce
and manufactures. Tie arrivals had been very
large, and already there was a decline in the prin-
cipal necessaries and luxiries. According to a state-
ment by Messrs. W. Parrett and Co., there had
been, in 28 days, flour tnd wheat equal to 45 days'
consumption received fir= Chili and America. Still
the colony grows so little for its own consumption
that it is most desirable that these supplies should be
kept up, and it may be hoped that there will be a
sufficient margin of profit to preserve the induce-
ment to continue these shipments. The arrivals
of wines and spirits were very large, but the con-
sumption was considerable—much more so, in fact,
than the health and morals of the Australian popu-
lation rendered desirable. For groceries the de-
mand at Melbourne in the early part of June was
not so active, and it is very important to bear in
mind that the Americans supply many ar-
ticles in this line, and that no calculation
which does not include their shipments, will be a
guide to the exporter from Europe. Timber was
high, but a reduction in prices was expected about
August or September, as increased imports would
then probably reach. The banks were selling bills
at 2 per cent. premium. Gold dust was 765. 6d.
per oz.
In the quotations for Bills of Exchange upon
the principal Continental cities, there was no par-
ticular change yesterday. Paris, 90 days was at
25 20 to 22k, Amsterdam at 11 18 to f, Hamburgh
at 13 61 to 7, and Trieste at 10 56 to 59.
English Securities have been very steady and
not in any way affected by the discussion last night
in Parliament upon the Eastern question. It
seems to be pretty well understood that there will
be no war, and this is the point upon which specu-
lations generally go. At the same time, no pru-
dent man will consider the question settled until
the provinces are evacuated. Consols have been
971 the New 3+ per Cents. 100.4 to 101 k, and
the 3 per Cents. 98k /1. There is still a talk of the
rate of discount being advanced to-morrow. Ex-
chequer Bills have been rather better, being par to
2s. discount. India Bonds are 12s. premium.
India Stock has been firmer at 257 to 259.
In the Foreign Market there has been a better
tone as regards a few of the Securities, but with-
out much doing. Grenada Deferred have ad-
vanced to 91 Sardinian are 96k. Spanish 3
per Cents. have been at 471, to -a, and the Deferred
at 23k. Russian 4i- per Cents. are not higher
than 101 i. Mexican bring 261 to 27. Buenos
Ayres have receded to 65. Brazilian 41 per
Cents. are at 992. Dutch 2i per Cents have been
at 641.
The market for English Railway Shares has been
rather heavy this morning, and there has been a
preponderance of sellers. The French lines are
decidedly higher, the Bears having left their ac-
counts open until the last moment, and now find-
ing the shares bought in against them. Indeed,
with the statements which the English companies
are submitting to their proprietary, showing a large
increase of receipts, and yet no augmentation of
dividends, it is not surprising that French shares
should, even at the current high rates, be prefer-
red. There is nothing but the political uncer-
tainty that would dispose any one to hold them
as an investment, and with persons of small means
should always be regarded as a serious objection,
however capitalists may afford to run a risk.
The Gold Mine Shares are heavy again, and also
the Australian Banks.
The Land Companies' Shares do not improve.

BRITISH FUNDS THIS DAY.
( Prom the Official Li.st.)
Business done.
Bank Stock
3 per Cent. Reduced Annuities 98j 1.
3 per Cent. Consols Annuities... 97i if
New 31 per Cent. Annuities loli 114 100;7,- 1,
Long Annuities, Expire sth Jan., 1860 6
India Stock
25
India Bonds, £lOOO ....... ............ 17 9 7
2
Ditto, under £lOOO 2O 15
Consols for Account Bth September 97i 8 74.
Exchequer Bills, ld.
£IOOO
£500
Small 3 d par

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 43 per Cent 99i x d
Buenos Ayres Bonds, 6 per Cent —
Ditto for the Account 65
Milian Bonds, 3 per Cent. . 79
Equador Bonds
Grenada Bonds, Deferred
➢Zexican 3 per Cent.
Portuguese Bonds, 4 per Cent.
Russian Bonds, 5 per Cent.

Ditto 4i per Cent.
Sardinian Bonds, s'per Cent 96-1
Spanish Bonds, 3 per Cent 47 -I
Spanish New Deferred, 3 per Cent 231

Dividends on the above payable in London.
Dutch Exchange, 2i per Cent. ......... 641 X d
Ditto 4 per Cent. Certificates 984

THREE O'CLOCK.
Consols 97i S
Ditto September A ceount 974 8

RAILWAY TRAFFIC! RETURNS.

LONDON AND SOUTH-EASTERN ItAlLWAY.—Traffic re-
turn for the week ending Aug. 13, 1853 £22,011 4 2
Corresponding week last year 19,014 9 6

Increase in 1853 £2,996 14 8
LONDON, BRIGHTON, AND SOUTH COAST RAILWAY.
Traffic return for the week ending Aug. 13,
1853 218,383 13 2
Corresponding week last year 12,811 10 8
Total of the half-year to this date, 1853 112,357 10 5
Total of the half-year to this date, 1852 100,417 1 2

CORDILLERA AUSTRALIAN GOLD COMPANY.—The
Cordillera (Australian) Gold Company have received
advices of the arrival at Sydney of Mr. Baker, their
geologist, whom they sent overland to wait the arrival
of their vessel, the Tory, despatched in March last with
a body of 115 men, a steam-engine, &c., to work the
land leased by them from the Peel River Company.
The following extract from his letter is the only part
that bears on the prospects of the undertaking :—"P.S.
I have sought an interview with Colonel Marney, the
Commissioner of Crown Lands for the Liverpool Plains
and Peel River district, and, upon representing myself
as the geologist of your company, he at once frankly
conversed with me about the district of the Peel ; and I
am happy to say that, after I had explained to him the
preparations the company had made and the freedom
they had allowed themselves of change of location as
circumstances might require, he told me he thought we
had the best chance of succeeding of any oompany he
had heard of. He also said he had granted licenses re-
cently to 400 men, who were at work close to Tam-
worth, and pointed out to me several places on the map
within a few miles of the Australian Agricultural Com-
pany's land, where men were at work and doing well.
He informed me he considered the Peel River district
as highly auriferous, and showed me some fine specimens
of quartz which had been sent him thence."
ROYAL ARTILLERY.—WOOLWICH, AUG. H.—Captain
Grant's troop of Royal Horse Artillery assembled yes-
terday morning in heavy marching order, and proceeded
to the Common, where they were drawn up in line for
the Commandant's inspection. Colonel E. C. Whin-
; Yates, C. 8., arrived at a quarter before 11 o'clock, ac-
companied by Lieutenant-Colonel Hardinge, K.H.,
Brigade Major Bingham, and Captain Riddell, Royal
Artillery. The Commandant ,inspected the men and
horses, with their appointments very minutely, and the
troop marched at 7 o'clock this morning, headed by the
brass band of the Royal Horse Artillery, as far as
Charlton, the troop being under orders to return to their
former station at Weedon. It is expected that Captain
Taylor's troop will return to their previous station at
Canterbury on the separation of the troops now in camp
at Chobliam. Orders have been forwarded to Captain
Dennis Pack's field battery at Kilkenny, to leave that
station and proceed to Bristol, where the entire battery,
with the horses, guns, and ammunition, will remain
until further orders. Nineteen gui?n!rs of the Ist bat-
talion, in charge of a non-commissioned officer, left
Woolwich on Thursday morning for Shorncliff, to fill up
station. Cap tai RichardT he
gentlemenßla c Blackwood
ebeaxtcteelrlyenat in
at that
Thursday, t.
tar and howitzer practice on ursday, for the first time
this season. cadetsPr i hadee' s fieldso m