The Sun.
London, England, 1853-05-09 00:00:00

THE SUN, LONDON', MONDAY EVENING, MAY 9, 18 53.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool Saturday were
estimated at 5,000 bales—of which 500 American
were taken for export. The market was rather
tame, but closed steadily at previous prices. The
sales comprised 4,000 American, 600 Pernam and
Maranham at 6d. to 7d., 50 Bahia at 6d. to 60.,
20 Egyptian at 6kd., and 400 Surat at 30. to 41d.
per lb. Railway Shares were dull at lower prices.
The following interesting report on the fruit
crops is furnished by Messrs. Witherby and Han-
son :

" The announcement by the Chancellor of the Ex-
chequer of his intention to reduce the duty on raisins to
10s. per cwt., led at once to a few speculative purchases
of Chesme barrel fruit at former rates ; but the article
subsequently became dull and neglected. On the 27th
ult. telegraphic dispatches were received from Smyrna,
via Trieste, announcing serious injury to the Vines,
from a sudden and extraordinary low degree of tempera-
ture. On the receipt of this intelligence, very extensive
speculative purchases were made here in Chesme barrel
fruit, causing a rapid advance from 41s. to 445., and
even 455. ; and though the stock here is immense, there
is very little left now in importers' hands. This move-
ment, as was the case with that in currants last July,
emanated from the Continent, where, as stated in our
previous report, the stocks are nearly exhausted, and
can only be replenished by liberal supplies from this
market. Later accounts from Turkey are anxiously
expected, for, should the apprehensions of damage
from cold weather prove to have been to a certain extent
unfounded, serious results may be feared from the scourge
of locusts which infest, to a fearful extent, all the raisin-
growing regions. Some idea of the nature of this scourge
may be formed from an extract from a letter published in
the Osseinwtore Trestino of the 27th ult., which states :
' For some time previous to this visitation of frost, the
poor inhabitants of the territory of Chesme and Alazzata
had been zealously and with incessant labour and toil,
employed in endeavouring to extirpate the locusts, and
down to the 17th inst. had succeeded in destroying to
the extent of 53,000 okes of weight (about 130,0001b5.
English).' Such a shtement appears almost too extra-
ordinary to obtain credit in this country, but it is more
than corroborated in private letters, which give upwards
of 200,000 lbs. English, as the total weight of the young
locusts actually destroyed. There is, therefore, some
reason to be uneasy respecting the crop, by reason of
both or either of these severe visitations."
The New York accounts to the 23d ult. notice
no important change in stocks.
_ _

The people of New Brunswick have adopted a
memorial to the home Government, in which they
state that—

" When the United States are willing to concede to
the provinces reciprocal free trade in the natural pro-
ductions of those provinces, including those of the field,
the forest, the mine, and the fisheries, to extend the
principle of reciprocity to colonial ships, and to open
the coasting trade, then they say :—We will be willing
to admit the American fishermen to a free participation
with British subjects in the inshore and bay fisheries on
the coasts of New Brunswick, with permission to
land upon the coasts for the purpose of drying
their nets and curing their fish, not interfering
with the rights of private property or British fisher-
men, provided that the fishermen of New Bruns-
wick are permitted to enjoy a free participation with
American citizens in the inshore fisheries and the fisheries
within the bays on the coasts of the United States, sub-
ject to the like conditions, limitations, and regulations as
should be imposed upon American fishermen in the
waters of New Brunswick. Shorld these negotiations
prove unsuccessful, and the Government of the United
States persist in refusing to extend to those colonies
advantages similar to those which the American people
have obtained from Great Britain, we would earnestly
urge on your Majesty the necessity of withdraviing the
restrictions imposed on the Colonial Legislature, and
leaving them to exercise their own discretion with re-
gard to differential duties."
The London Bank of Australia and China intend,
it is stated, to wind up, having received a further
communication -7com the Duke of Newcastle, d. e-
vl ians na ge
ht oa
raccedee
lit om
theedi r
lsi
ae cboi
ini
tdy a,popnl
yc awt riotnh,o
without
irceh-
ference to any banking privileges in the colonies
which would have been sought from them. The
official communication states, however, that his
Grace sees no reason to depart from the rule lately
laid down respecting a previous reference to
'ere colonies cor cerned. Whether the Chartered
Bank of India, Australia, and China, which
is understood to have been equally unsuccessful,
will go to the colonies remains to be seen, and
must rest probably with the shareholders ; but in
such case there must necessarily be considerable
delay before the bank can be formed, admitting
that a charter worth having is to be hoped for in
the present temper of the colonists, and that it is
advisable to incur the expense of sending out spe-
cial agents.
There is a flat market for public securities, and
the supply of money stock continues, cash being
readily absorbed. Consols have been marked 100 k
tog for transfer, and 1001 to for account. The
New Three-and-a-Quarter per Cents. have been
103- to 1, and the Three per Cents. 100 to 1. Bank
Stock is steady at 228. Exchequer Bills of March
are at only 2s. to Ss. premium, and East India
Bonds are marked 28s. to 325. premium.
Foreign Securities have been dull. Mexican
Bonds have been quoted 27/. The Envoy of the
Peruvian Government has announced the terms
upon which the Deferred Stock is to become active,
bearing 3 per cent. interest immediately. The
conditions will no doubt secure the acquiescence of
the principal holders, and as a further portion of
the guano proceeds, hitherto paid to the Govern-
ment, is to be cosigned for the payment of interest
on this new Active debt, and there will be a good
sinking fund, in addition, the purchases made in
the open market from time to time will be all in
favour of the holders. The Red Greek Bonds have
been at 9 to 9/. Brazilian Old Stock is quoted
100*. Russian Four-and-a-Half per Cents. have
realised 104 k, and DutehTwo-and-a-Half per Cents.
65k to 66k. Sardinian Stock has realised 98.
The Railway Share Market has been rather
heavy, principally from the absence of business.
Caledonian have dropped a A, Chester and Holy-
head 1, Great Northern A Stook 1/., and Great
Western, Lancashire and Yorkshire, and North-
Western to k. South Wales have been higher
by about 10s. Strasbourg shares are higher, but
Western have dropped 10s. Central are flat at 2i
to * premium. It is reported that a heavy " call" is
about to be made, and that 80,000 shares are herd
in England.
The Gold Mine Shares are heavy, and United
Mexican are lower.
The Joint Stock Bank Shares are lower as re-
gards the Chartered Bank of India, Australia, and
China, and the Union of Australia. The Oriental
and the South Australia tend upwards.
The Jamaica Mines are still depressed, orders to
sell having come over pretty freely last week from
Kingston, owing to the cessation of the works at
the Pembroke lode. Metcalfe are 11 to 12 prem.,
Sue River 1i to 1i prem., and Jamaica 4k to 5,1
prem.
Berlin Waterworks are to * prem., and Canada
Trunk 4 to 1 prem.
The railway meetings announced are the fol-
lowing :

Company. Date. Place.
Cork and Bandon May 20, 17,Graceehurch-st,
London and South-Western May 19, 34, York-road,
Lambeth.

Manchester, Sheffield, and
Lincolnshire
South Yorkshire May 12, London Tavern.

BRITISH FUNDS AT ONE O'CLOCK THIS Div
(From, the Official List.)
Business done.
Bank Stock
3 pc: WA. Reduced Annuities lOO ill
3 per Cent. Consols Annuities
New 31 per Cent. Annuities
India Bonds, £lOOO
Ditto, under £lOOO 32
Cor sols for Account
Exchequer Bills lid. June. Marc;..
£lOOO.
£500
Small

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Ditto Small
Ditto New, 1852, 41 por Cent lOO3 i
Greek Bonds, Red
271
Mexican 3 per Cent.
Russian Bonds, 5 per Cent.
Ditto 4i per Cent lO4l
Sardinian Bonds, 5 per Cent. 9B
Dividends on the above payable in London.
Belgian 41 per Cent.
Dutch Exchange, 2,1 e per Cent. 12 Guil.
Ditto 4 per Cent. Certificates 964 4
HALF-PAST TWO.

Dittoeonsolyis.;3; ......c..0.u..n. ..

NEW CEMETERY FOR MARYLEBONE. -Cn Saturday
the burial board of the parish of Marylebone reported
to the vestry in favour of purchasing twenty-seven acres
of land at Finchley for a cemetery. The estate is called
Newmarket Farm, and is situated at East End, Finch-
ley, about four miles from the northern boundary of the
parish of Marylebone. The purchase money is 5,2001.,
thus under 2001. per acre. The situation is of conve-
nient access from the parish ; it is off the main road, but
approached by a good road leading from it. There is a
cottage upon the land, of the value of about 401. per an-
num, which, with the timber upon the ground, is in-
cluded in the purchase. The land tax amounts to
61. is. 6d., and the tithe rent charge to lls. lid. per
annum. The soil is of a light loamy clay, and the
ground affords great facilities for drainage. Lord Pal-
merston has approved the site upon the report of Dr.
Sutherland, and the vestry will have next Saturday to
annul or ratify the bargain.