The Sun.
London, England, 1854-01-30 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK,

The sales of cotton at Liverpool on Saturday
were estimated at about 5,000 bales, all to the
trade. The market closed heavily, with but little
alteration in prices. The sales comprised 4,500
American, 350 Egyptian, at Bd. to Ifld.; and 70
Sea Island, at 11d. to is. Bd. per lb. Railway
Shares were quiet.

The corn trade is very dull this morning, and
prices are declining.

The frightful loss of life in the ship Tayleur has
attracted earnest attention to the very inadequate
manning of even many first-class ships sent to sea ;
and it is understood that our Government will in-
stitute a rigorous investigation. The Customs
officers who certified upon the clearing of the ves-
sel will have to be examined, and made to answer
for the grounds upon which they gave a satisfactory
clearance ; for the Passenger Act of 1852 stipulates
that every passenger ship shall be manned with an
efficient crew for her intended voyage, to the satis-
faction of the officer from whom a clearance of such
ship may be demanded. Of the 70 men on board
only 25 are stated to have been able-bodied
seamen, the rest being foreigners, apprentices,
stewards, and carpenters' mates. It is in times
like this that the public attention can be ob-
tained to a redress of any crying evil, and
wo think that it behoves the under-writers
at Lloyd's, more especially, to take up this matter
with proper spirit, and with a determination to
suggest remedies and insist upon precautions for
the future. It is a common practice also to over-
load the decks, especially in steamers arriving from
the Continent, and only within a fortnight a case
of the kind has been brought under our notice.
The vessel was coming from Ostend, and belonged
to one of our leading companies, but the number
of cattle on the deck, and other cargo scattered
about, absolutely prevented the crew from getting
to their work ; and although the remonstrance of
the passengers had the effect of causing a portion
of the cattle to be landed, this was probably more
from courtesy than from any given rule. The
vessel to which we allude appears to have been
miraculously saved from destruction on the Good-
win Sands, and this danger is attributed to some
derangement of the steering compass, which was
influenced by a small case of iron tubes lying
upon the quarter-deck. The compasses on board
the Tayleur, we are told, were at fault ; and really
there is no fixing an adequate premium of insur-
ance in proportion to the risk, if such wilful care-
lessness be permitted. Moreover, in the case of
new vessels, there ought invariably to be a trial
trip. That something must be done for the pro-
tection of the thousands now annually swarming to
our colonies is self-evident, and the sooner done the
better.

The steamer Canada, from Boston, brings ad-
vices of the 18th inst. Business generally was
dull, and in Stocks there was no decided alteration.
Cotton was quiet. Breadstuffs were brisk at higher
rates. A very important treaty had been arranged,
the ratifications only remaining to be exchanged,
between the United States and Mexico. Accord-
ing to this, the former is to pay 20,000,000 dollars
for 40,000,000 acres of land, including the Mesilla
valley. This will obviate future disputes, and at
the same time replenish the treasury of Santa Anna.
The advices by the Overland Mail represent the
import market at Calcutta as being dull. Money
was tighter in the bazaar. Indigo realised about
former prices. At Canton there was more demand
for English piece goods.

The Austrian Government contemplates the
establishing of a Transmarine Commercial Com-
pany, with a view to develope the foreign trade of
the empire.

The English Funds opened rather firmly, but
have become weaker since, owing to an ascertained
fall in the French Rentes yesterday, when it became
known that a further portion of the army of reserve
was to be called out. Consols, which have been
90t are now 94 4. The opening of Parliament
is also likely to induce greater fluctuation, and the
tenour of her Majesty's Speech is anxiously looked
for, to ascertain whether it will be warlike or con-
ciliatory. The Now 31 per Cents. have been
921, and since 911, and the Three per Cents. have
varied from 90 to 91. Bank Stock has been
dull, at 21.5. Exchequer Bills are supported at
9s. to 12s. premium.

Foreign Securities have been firm generally,
though scarcely so good at present. Mexican have
improved to 231 47, influenced by the favourable
news above given. All arrears ought now to be
paid. Sardinian Bonds have been at 851 and 87.
Russian Four per Cents, at 90, a slight improve-
ment. Dutch Four per Cents, have been 911 to
92. Spanish Threes remain at 391 to 40k. Por-
tuguese Four per Cents. have been steady at 37k.
Railway Shares have been quiet, and scarcely
so high in price. The French lines have been
lower, with very little doing. This is " ticket"
day. _

The shares of the Joint Stock Banks have been
at about the previous rates. The Land Companies'
shares have been rather feeble ; the Gold Mines
quite neglected.
BRITISH MlNES.—There is a moderate business
doing to-day, and the following are the current
values for those most in favour :—Alfred Consols,
251 26 ; Great Wheal Alfred, 27 ; Sortridge
Consols, 11 ; Troweathers, 44 : Marke and Val-
ley, ,V ; Mollands, ; Hawkmoons, 4 ; Great
; Perran Wheal
Crinnis,Jane, ; Great
Wheal Sheba, 13 Y ; Crebor, 2 j ; Tavys, 31 ;
Gawton United, 11 2 ; Silverbrook, 1 i•
The current prices for the Jamaica mines not
officially quoted are as follow :—Jamaica, par to f
prem. ; Metcalfe, gto prem. ; Sue River, dis.
to par ; Port Royal, to prem.
The railway meetings announced are the follow-
ing :

Company. Date. Place.
Cork and Bandon Feb. 8, Cork.
East Lancashire Feb. 22, Bury.
Great Sn. and Wn. Ireland Feb. 25, Dublin.
Great Western Feb. 16, Paddington.
Llaneliy Railway and Dock Jan. 30, London Tavern.
Man., Sheffid., and Lincoln. Feb. 22, Manchester.
Northern and Eastern
Paris and Rouen.... Jan. 31, Paris.
Royston and Hitchin Feb. 22, 15A St. Helen's•pl.
Shrewsbury and Hereford Feb. 4, Shrewsbury.
York, N'castle, and Berwk Feb. 17, York.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Prom the Oficial List.)
Business done.
Bank Stock
3 per Cent. Reduced Annuities 9lk 901, 1k
3 per Cont. Consols Annuities 9oi
New 31 per Cent. Annuities 92{ 1i 2
Long Annuities, Expire sth Jan., 1860
Consols for Account 15th Feb. 9oi
Exchequer Bills, ld.
£1000
£5OO .......................................... 12 9
Small ......................................... 9 12