The Sun.
London, England, 1853-03-15 00:00:00

MONEY AND COMMERCIAL NEWS,

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, of which 500 American
were taken on speculation. The market closed
flatly. The sales comprised 5,000 American, 180
Pernam and Maranham at bid. to el., 250 Egyp-
tian at 62d. to 11d., 400 Surat at 31d. to 44d.,
and 100 Sea Island at is. 9d. to 2s. 9d. per lb. In
Railway Shares only a limited business was done
at previous rates.

The letters by the steamer from the United
States notice the usual indications of the opening
Spring business. In the three weeks to February
19, the trade of New York showed a balance of

8,311,000 dollars of imports over exports. The
shipments of breadstuffs were very large at the
latest date, especially to Australia.
It is in the papers that several of the American
Coal Companies were doing badly. The Cumber-
land yield was particularly small. Several mines
had been purchased in other parts of the United
States, and we fear there is an intention of raising
the capital in London so as to sell them at an en-
hanced value.---

The North Carolina Copper Company were to
sell at auction on the Ist of March, at the Mer-
chants' Exchange, one hundred tons of pyrites, of
about 30 per cent. in richness. The recent great
and rapid rise in the market value of copper, would
no doubt attract a large number of purchasers to
and prices considerably above offers made
ths sale
would
i without doubt be realised. The North Caro-
lina Copper Company has not been in operation
many weeks, and upwards of 200 tons of ore have
been marketed. If the product continues at this
rate—the dividends of the company must be enor-
mous.

It was reported that the bill passed by the Legis-
lature of Pennsylvania, authorising a settlement
of the account between the State and the United
States Bank, would be vetoed by the Governor.
The British barque Larne arrived at Panama on
the 14th inst., with advices from Melbourne, Aus-
tralia, to the 27th of November. Several Ameri-
cans have returned from those auriferous regions—
none of them with less than 3,000 dollars, and some
of them with upwards of 20 pounds in weight of
the fine metal. Several of these gentleman were
passengers on board the United States.
Accounts of Feb. 13, from Panama, state that
business had become duller again.
The Directors of the Royal West India Mining
Company are compelled to dissolve the company,
and will return the deposits in full, for the following
alleged reasons :
" When the charter was conceded, in May last, the
terms upon which it was to be issued were endorsed upon
the draft copy, by Mr. Booth, one of the principal
secretaries of the Board of Trade, and by him forwarded
to Mr. Bellenden Ker, for his guidance. Pursuant to
these instructions, Mr. B. Ker approved of the draft in
the month of November last. In February, the direc-
tors having fulfilled the terms required of them, as to
the amount of subscribed capital, &c., applied for the
issue of the charter, under the concession of May, when
to their astonishment, they were told that the same had
been cancelled in November last, two months before the
settlement of the draft by Mr. Bellenden Ker, the Board
of Trade's own counsel, and this without any notice or
intimation of any kind, direct or indirect, to any par-
ties connected with the undertaking. After using every
exertion to induce the present Government to waive
official routine in favour of substantial justice, and to
grant the charter conceded by the late Board of Trade,
but without success, the directors have no other alterna-
tive than to return the proprietors the amounts of their
several subscriptions."
Very late accounts have been received from Aus-
tralia, by the Overland Mail, viz., to the 28th
December from Sydney, and 10th January from
Adelaide. These entirely dispel the idea of a con-
tinued falling off in the yield of gold, the quantity
' obtained when these accounts left being reported
to be larger than ever, and nearly 100,000 diggers
were stated to be on the various gold fields, whose
average earnings were estimated at one ounce per
man per week. Trade was brisk, and prices of
most articles, with the exception of flour, were
supported.
The letters by the Overland Mail from India
are expected to be delivered this afternoon.
The lonian Bank has declared a half-year's divi-
dend, to Dec. 31, at the rate of five per cent, per
annum.
The Funds have been very firm this morning,
with limited transactions. Consols are 100 to
for Money, and 1001 for Account. Exchequer
Bills of June are steady at 10s. to 145., and those
of March at Bs. to 12s. premium. India Bonds
are 455. to 475. premium.
Foreign Securities have been affected by the ar-
rangements for settling the half-monthly account
to-morrow. The new Spanish Loan, it is said, will
be for 600,0001., and be contracted by Messrs.
Rothschilds and Barings jointly. The price for a
3 per cent. stock is said to be about that now cur-
rent at Madrid, and the certificates will probably be
received at 102. It does not look as though railway
purposes were contemplated for, 600,0001. would go
a very small way. The Certificates are quoted 8
to 1, being higher, the 3 per Cents. 49, and the
New Deferred 241. Buenos Ayres Bonds are 64,
and Danish 85. Mexican are better, being 251 to
26, and Portuguese 4 per Cents. are 38/. Dutch
22 per Cents. are marked 664.
Railway Shares have been firm generally, with a
fair business.
The Mining and Land Companies are without
any particular variation.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY,
(Front the Official Lie.) _

Business done.
3 per Cent. Consols Annuities
India Bonds, £lOOO 45
Ditto, under £lOOO 5O
South Sea New Annuities
Consols for Account 13th April
Exchequer Bills, 1 id. June.
£l000
£5OO ..
Small ..

March.
8 12
8 12
8 12

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent 64
D,:xish 3 per Cent.
85
Ditto 5 per Cent lO5
Mexican 3 per Cent 2si 6
Ditto for the Account 26 $
Portuguese 4 per Cent. 3Bl
Ditto for the Account 384
Spanish Bonds, 3 per Cent 49
Spanish New Deferred, 3 per Cent 24a
Ditto for the Account 24i
Spanish Passive (Converted) si
Spanish Committee Cert. of Coup. not fun, 84 8 P e
Dutch Exchange 2i per Cent 66i
HALF-PAST TWO.
100 i
100,E

Consols
Ditto April Account

MARKET NEWS-(THIS DAY.)

COLONIAL.
SUGAR.—There is a moderate demand for foreign, both
afloat and landed, and prices are well supplied. Refined
brown lumps are 45s 6d. The quantity of British planta-
tion landed at the East and West Docks-727 hhds.
23 tierces 299 barrels ; there were taken for home con-
sumption-4,0Q hhds. 16 tierces 220 barrels. The stock
in the same places is 4,583 hhds. 816 tierces 741 barrels.
COFFEE.—There is a steady market for Native Ceylon,
but larger parcels are offering. Plantation is in request at
full rates ; colony coffee being most wanted. Mocha is in
demand ; and Rio scarce.
Rum.—The quantity landed last week at the East and
West India Docks was 164 puncheons 26 hogsheads—there
were taken for home consumption 286 puncheons 5 hhds,
and exported 57 puncheons 26 hogsheads. The stock in the
same places is 8,936 puncheons 692 hogsheads.
thesame.
COTTON.—There are but few buyers, but prices are about

TEA.—There are public sales now in progress.
TALLow.—P.Y.C. is steady at 44s per cwt. on the spot.
RIOE.—At auction 4,809 bags Arracan was offered ; the
sound was all taken in at 9s 6d, but the damaged sold at
8s 6d to 9s for first class. 100 casks Carolina parly sold at
24s to 24s 6d for good.
SALTPETRE.-2,600 bags Bengal, at auction, was taken
at 26s to 29s for 14i to 6 per cent. refraction.