The Sun.
London, England, 1854-07-06 00:00:00

NIONEY MARKET

AND
COMMERCIAL I:INTELLIGENCE.

CITY, TWO o'CLOCK

The sales of cotton at Liverpool yesterday
were estimated at 6,000 bales, including 500
American taken for export. The market closed
heavily, with much cotton offering. Compared with
Friday's rates, prices were without alteration, ex-
cept in American, which were 1-16 d. lower, and
common Sea Island id. to ld. higher. The sales
comprised 4,000 American, 400 Pernam and Ma-
ranham at 6d. to BL-d., 200 Bahia at 6&d. 61d., 250
Egyptian at 61d. to 11d., 500 Surat at 34d. to 4d.,
and 300 Sea Island at Iq-d. to ls. Bd. per lb.
Railway Shares were firm.

Silk, by the general acquiescence of the trade, is
to be sold at its net conditioned weight.
The new sugar duties have come into operation,
and the market is flat. Messrs. H. W. Lord and
Co. have stopped payment.

The followin- g ships have been accepted by Go-
vernment for the transport service :—Clifton,
Edwin Fox, Belgravia, and Violet.

The Lords Commissioners of the Admiralty re
quire tenders to-morrow for the conveyance of 520
tons of oats to Varna, calling at Constantinople for
orders from the commissariat.

In a circular, dated from Melbourne, the writers
state :—The European population of the Australias
is estimated at 600,000, the consuming power of
whom is equal at least to three times as many in
England. Therefore, the wants of a population
equivalent to 1,500,000 at home are to be provided
for.

This assertion is remarkably borne out by the
facts as we gather them from the trade returns up
to August last. It appears, for instance, that in
round numbers, England exported to the Austra-
lian colonies in the first six months of 1851 (being
at the dawn of the gold discovery) 3,000,000 yards
of plain, and 3,600,000 yards of printed, calicoes ; in
the six months ending Aug. 1853, the amounts were
nearly 7,ooo,oooyards of plain, and nearly 6,000,000
yards of printed goods of the kind, besides emigrants'
outfits and stocks drawn from India and other mar-
kets. The hardware trade of Birmingham and
Nottingham could tell a similar tale.

The -Directors of the Bank of -England have
broken up without altering the rate of discount.
The English Stock Market has been very heavy,
the circumstance of the Bank not having lowered
its minimum rate of discount being against prices,
while most parties are so unaccustomed to a decline
in the revenue, that even allowing for the reduc-
tion in the duties upon several articles, especially
tea, they look upon the return as unfavourable.
Certainly a period of war may be deemed in-
convenient for any reduction of income, but
no one looking impartially at the return can
regard it as otherwise than satisfactory under the
circumstances. Consols have been 93 to 93i for
special transfer, and 93A- to h for account. The
New 3/ per Cents. have realised 93g- to 93k, and
the Three per Cents. 93 to 93i. East India Stock
has been done at 232, without the dividend. South
Sea Stock has been at 114, also ex dividend. Ex•
chequer Bills have been at Is. discount to 2s. pre-
mium, and India Bonds at par.
There is a dull market for Foreign Stocks gene-
rally, but Mexican Bonds have been firmer, at
2,U 1, upon the passing in the United States Con-
gress of the bill appropriating 2,000,0001. for the
Gadsden indemnity. Peruvian Three per Cents.
have been marked 52. Sardinian Bonds are 86 to
861, and ex dividend. Russian 41 per Cents. have
been at 83 to S 3. Spanish Bonds continue flat,
and there is great uncertainty respecting the issue
of the insurrectionary movements that have been
commenced, and with which, as against an incom-
petent Ministry, there is much more sympathy
than is usually felt for simple pronunciamentos got
up by ambitious and needy Generals.
The following are the nominal prices of foreign
Stocks : Grenada Deferred Bonds, 61 to 61 ;
Peruvian, 67 to 69 ; Portuguese 4 per Cents., 40
to 42 ; Russian 5 per Cents., 99 to 101 ; Spanish
New Deferred, 182 to 19f ; ditto 3 per Cents., 372
to 381 ; ditto Certificates, 4 to 41 ; ditto Passive,
4 to 4i.

The' last week's railway receipts ascertained up
to this day are in round figures as under :

1854. 1853.
Great Western
North-Western
South-Western
Brighton
Midland - 24,913
South-Eastern 18,688 17,851
Caledonian, and Edin. and Glasgow 16,:35 14,427
Great Northern 18,228 15,817
Lancashire and Yorkshire
York and North Midland

Newcastle acid Berwick
Leeds Northern

lc 32,188 30,984

The Railway Share Market has been lower, and
with diminished transactions. The Great Nor-
thern have dropped in common with the London
and North Western, the York and North Mid-
land, the Caledonian and the Midland. French
Shares have been very quiet at about the previous
rates. The East Indian are not quite so good.
In the Gold Mines there have been very few
bargains. Banks are dull.

The Australian Agricultural Companies' Shares
are lower, and Crystal Palace have been at a
discount.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From, the Ofteica List.)
Buttines.,inne
per Cent. Reduced Annuities. ......... ~... 93A 3 i i
3 per Cent. Consols Annuities
31 per Cent. Annuities
Lung Annuities, Expire sth Jan., 1860
India Stock
rnaia Bonds, £3OOO ... . .
par
South Sea Stock
Consols for Opening 19th July
Exchequer Bind, 2id.
El000
2500 3 p par
Small 5 p

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
PeruvianEl,4 aei ie n
13330Pi:Prerrr, Cent.C, .:8
t. , .
.5. per.. Cent.....
......
.5.t...........
8-52324 i
per 'Cent...
°thnaesicscount
Sardinian
DittoDi tt o 4f 6018.
, 864 6
Spanish New Deferred, 3 per Cent. l9
Dividends on the above payable in London.
HALF-PAST TWO.
Consols for Opening 19th July 93} i x d

THE RUSSIAN LOAN.—_.A
gtohees
It is offered by M. Mendelsohn,
olsot,viLlythwerefoohneidtleuy.r,
who, personally, appears to have taken very little of it,
at 87, which with the difference of the exchange at St.
Petersburg, brings it to 93. On the other hand, the
house of Hope has sent an agent to Berlin, who offers it
on the spot at a lower price than M. Mendelsohn. The
financial world is not at all favourably inclined towards
Russian policy, and it is foreseen that it the war is
prolonged for only some months, Russia will be lom-
pelled to have recourse to a considerable issue of paper-
money.
FOREIGN EXCHANGES.—The mercantile advices from
the Continent contain nothing of much importance. The
quotation of the rate of exchange from Paris is rather
less favourable, and, if there had been any Australian
gold in the Linden market,' some moderate amounts
might, probably, have been purchased for remittance.
The statements of the disposition manifested in most of
the European Exchanges to discountenance all dealing
in the new Russian loan has created more satisfaction
than surprise, since from the first its introduction at
Amsterdam seemed a proceeding wholly inconsistent
with the proper course of a neutral power.
THE SILK TRADE.—The recently appointed deputation
of the manufacturing portion of the silk trade called dur-
ing the last week on the merchants and brokers, re-
questing their acquiescence in the resolution agreed to
by the manufacturers—to buy silk at conditioned weight
only ; and, on the whole, were satisfactorily met. Some
houses expressed themselves favourable to the settlement
of the question, and were disposed to facilitate business
by 'consulting the wishes of their customers ; others
would follow the example of other merchants ; and one
of the oldest opponents to the system would fully agree
to it if it were rendered general in London and in the
country, adding an opinion that the practice is highly
desirable for the manufacturers, although some objection
might be raised to the positive declaration as to buying
and selling on " condition terms" only.
THE NSW ACTS ON EXCISE AND CUSTOMS DUTIES.—
Yesterday two acts of Parliament, which received the
royal assent on Monday, were printed, to alter certain
duties of excise and customs. It is recited that towards
raising the supplies to defray the expenses of the just
and necessary war in which her Majesty is engaged,
additional rates and duties have been freely and volun-
tarily given. The new duties are already well known,
and were in force before the passing of the acts. As to
pre-existing contracts, it is provided that every person
who may before the day on which the duty under the
law is payable on any articles of customs, have entered
into any contract or agreement, is empowered to add to
the contracted price such a sum of money as will be equi-
valent to the increased duty now payable.
Two SISTERS DROWNED.—A very melancholy acci-
dent from sea-bathing occurred at Kincraig, near Elie,
on Tuesday last. Misses Isabel and ,Mary Russell bad
gone down together to the beach—the latter with the
intention of bathing, her sister accompanying her, the
place they had selected being between two ridges of
rock, and the time being high water, with a considerable
swell. It is supposed that Miss Mary had mistaken the
ground, which suddenly dips into deep water, or had
been drawn out by the current, and her sister, seeing
her danger had gone into her rescue, when both being
beyond their depth, and unable to reach the shallow
water, they perished together. Their bodies were found
close together within au hour afterwards, and, although
medical assistance was promptly procured, and every
effort used to restore animation, all was ineffectual.—
Fife Herald,