The Sun.
London, England, 1854-06-10 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

There was a fair demand for cotton at Liverpool
yesterday ; sales 7,000 bales, including 2,000 taken
for export and on speculation. The market was
quiet and prices steady. Railway shares were quiet.
There seems to have been rather a listless week
for the Bank of England up to the 3d inst., but
this negative position may be deemed favourable on
the whole. The increase in the bullion was but
trifling, but the circulation was not materially
drawn out, although the discounts increased be-
cause the deposits pretty nearly balanced each
other. Compared with the previous week, the
changes are as follows :

Active circulation £20,540,330
Increase 80,790
Bullion 12,750,169
Increase
Rest
Decrease
Public Deposits 2,557,654
Increase 67,710
Other Deposits
Decrease
Seven-Day and other Bills
Increase 30,675
Government Securities No alteratton.
Other Securities 15,494,525
Increase
Notes unemployed 5,466,545
Decrease
There wa; an alteration for the worse yesterday
afternoon in some of the rates for bills of exchange
upon the principal Continental cities. Paris, 90
days, was taken at 25 25 to 27-i ; Amsterdam, at
11 17 to 17i ; Hamburgh, at 13 6 to 6i ; Trieste,
at 13 15 to 20.

A very useful bill has been brought into Parlia-
ment to permit the registration of dishonoured bills
of exchange and promissory notes in England, And
to allow execution thereon. The preamble truly
states that—

" The mode of recovering on dishonoured bills of ex-
' change and promissory notes which prevails in the law of
Scotland, known as the process of summary diligence, is
found to be of beneficial operation, and it is expedient to
introduce a similar mode of recovering on such instruments
into the law of England, so far as may be consistent with
the forms of procedure of the latter."
There may be many salutary changes made in
either country by adopting the peculiar laws there
established, the bankruptcy procedure being no-
toriously inferior to our own on the other side of
the Tweed. The following is a summary of the
clauses of the new bill :—lt is to come into opera-
tion on the 24th of October next, and all bills and
notes are to be protested as usual.
"It shall bo lawful for the holder of a bill of exchange
which has been noted for non-acceptance, or of a Bill of
Exchange or Promissory Note which has on the day of Ps
becoming clue been noted for non-payment, and which Bill
of Exchange or Promissory Note is free from erasure or
alteration in any material part, except by striking out the
name or names of endorsers, to proceed under the provi-
sions of this act at any time after protest for non-accept-
ance or for non-payment and before the expiration of six
months after the date of such bill or note becoming due."
"It shall be lawful for her Majesty to appoint an officer
to be attached to the Court of Common Pleas, who shall
be called ' The Registrar of protested Bills of Exchange
and Promissory Notes,' and the said Registrar so appointed
shall keep a Register in the said Court of Common Pleas,
in an Office to be assigned by the Lords Commissioners of
the Treasury, for the Registration of protested Bills and
Promissory Notes as hereinafter provided ; and such Re-
gistrar may by a Writing under his hand and seal-appoint
a deputy or-deputies, who shall be previously approved of
by the Lord Chief Justice of the Court of Common Pleas,
and all registrations male and other Acts done by such
deputy or deputies shall have the same effect as if made
and done by such registrar."
" A holler of dishonoured bill or note may register a
protest in the Court of Common Pleas, and obtain an order
for the payment against any of the parties to a bill or
note. Order to be endorsed with name and abode of at-
torney, or a memorandum that writ has bean served by
plaintiff in person. Attorney, on demand, to declare
whether order issued by his authority, and to declare
name and abode of his client if orde ed. If order issued
without authority of attorney, proceedings to be stayed.
Order may be served in any country. Before execution, a
party served with an order may apply to the court to stay
execution. Corporations may be served through their
chief officer. Where proper grounds are disclosed, court
may direct an issue in law or in fact. Party seeking to
stay execution must furnish security for debt and costs.
Attornies.a.nd solicitors aro not exempt from the provi-
sions of this act. Execution against a debtor issued within
two mouths of filing petition, is to he null and void."
The amount of gold exported from London dur-
ing the week to Thursday last was 490 ounces, and
of silver 72,590 ounces, all to the continent.
There are no late arrivals this morning. Letters
for the Great Britain steamer will be in time if
posted this evening ; and as the Australian accounts
per Overland Mail via Southamptqu are expected
on'Monday, it wound be-very-convenient Irtbe date
of shiling. had been made Tuesday, to give time for
replies. The company, however, being a loser by
the detention, can hardly be expected to postpone
again its day of sailing.
The English Stock Market has been very quiet
this morning, but it is extremely firm, and Consols
even opened at an advance, being done at 911.
They are now 94 The New 31 per Cents. have
been at 92 to 1, aufftl the 3 per Cents, at 914 to
Bank Stock is firm at 205 to 200. Exchequer
Bills are par to 4s. premium.
Foreign Securities are neglected, and, rather
flatter. Mexican have receded to 23 -a, and Pe-
ruvian 4i per Cents. are at 661. Sardinian Bonds
are at 85. Dutch 4 per Cents. have been 89k, and
Dutch 21 per Cents. 601.
The Railway Share market is to per cent.
better in some instances, but with very restricted
dealings. Midland are about 10s. higher, and also
Great Northern and York and Berwick. The
French lines have been nominally rather higher.
Gold Mines are heavy, Banks at fuller rates,
Land Companies lower, and Crystal Palace dearer.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List. ) .

Rustnem done.
Bank Stock
3 per Cent. Reduced Annuities 9la
3 per Cent Consols Annuities shut 92a
New 3} per Cent. Annuities 92.i 2
Consols for Opening 19th July
Exchequer Bills, 24d.
£IOOO
.i5OO 4 p par
Small 5 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
rrazilian Bonds, Fl per Ceut.
Ditto New, 1852, 4,1 per Cent 9l
Mexican :3 per Cent.
Peruvian Bonds, 41 per Cent.
Sardinian Bonds, 5 per Cent B5 x d

,)ividends on the above payable In London. -
Dutch Exchange, 24 per Cent. 12 Guil 6O.
Ditto 4 per Cont. Certificates ...
TWO O'CLOCK.
Consols for Opening 19th July ..... 91iixd