The Sun.
London, England, 1854-07-17 00:00:00

THE `SUN, LONDON, MONDAY EVENING, JULY 17. 1854.

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool on Saturday
were estimated at from 5,000 to 6,000 bales, in-
cluding 1,500 American taken for export and. on
speculation. The market was tame, without
change in prices. The sales comprised 150 Egyp•
tian, at 6d. to 9d.; 300 Surat, at 34d. to 41d.; 10
Sea Island, at ls. 2d., and the remainder nearly all
American. Railway Shares were firm.

The grain market is very heavy in Mark:lane
this morning, with large arrivals. The lower Bal-
tic ports continue sending forward full supplies,
and the crops in the United States promise a large
surplus. Wheat is about 2s. lower.
The General Shipping List gives the current rates
of freight from London to the various Australian
ports as under :—Adelaide 655., Hobart Town 685.,
Launceston 655., Melbourne or Geelong wharves
85s. Melbourne or Geelong 555. to 655., New
Zealand 1003., Portland Bay 705., Swan River 705.,
and Sydney 50s. to 605., per ton of 40 feet. There
is still much difficulty in filling up vessels for Aus-
tralia, and the rates are heavy.
The Admiralty Commissioners are still busy in-
viting tenders. On the 18th they request offers
for the conveyance of 350 to 400 tons of Navy pro-
visions from Plymouth to Malta, and also of 7
officers and 560 men from the Thames and Cork.
Also for men and officers to St. Helena, aid for
stores to Colombo.

From Birmingham we learn, in regard to the
Iron trade, that the quarterly meetings during
the past week have been attended with much ex-
citement. rlt appears that the advance upon last
quarter's rates, instead of being 20s. per ton on
the best qualities, will be nearer 40s. before the
preliminary meeting at the end of the month. The
quarterly settlements have generally been well met.
The Pestle July wool fair has not been so brisk
as was expected. There were 35,000 cwt. offered.
The August fair will be held on the 21st, and pro-
bably 70,000 cwt. will be on show.

From New York the Canada brings $238,000.
Money was not much easier, and stocks tended
downwards. Freights were generally steady.
Flour was firmer, and cotton dull. The amount
of specie shipped during the week to June 30, in
value, was $712,792.
The letters by the Overland Mail have been re-
ceived, and state that at Calcutta money was abun-
dant. The stocks of all imports were heavy and
more than adequate to meet the requirements of
the next three months. The Bank of Bengal had
again lowered its rate of discount. From Madras
we hear of rain being much wanted. The Indigo,
Cotton, and Sugar crops promised badly. The rail-
way was making but slow progress, but the electric
telegraph to Bangalore had been completed.
Two or three vessels had arrived at Madras
with later dates from Australia, the 18th of April
from Melbourne being communicated per Cambo-
dian. There had been heavy rains at Melbourne,
but in the absence of letters, the Indian papers
'furnish no details or commercial news of interest.
The Croesus, or the Golden Age steamer was ex-
pected to leave about the Ist of May.
The annual meeting of the Union Bank of Aus-
tralia was held this day, when a gratifying report
was presented, showing the profits of the past year
to be 295,9631. 4s. 104 for which a dividend of
16 per cent. for the half-year was declared. The
state of the Bank affairs in the colony was satis-
factory. The liabilities and assets were as follows: