The Sun.
London, England, 1853-10-14 00:00:00

THE [TN, LONDON, FRIDAY EVENING, OCTOBER 14, 1853.

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, of which 1,000 were
taken for export and on speculation. The market
was tame, but steady ; American at sd. were id.
higher, other sorts without alteration. The sales
comprised 5,500 American, 160 Pernam and Marn-
ham at 61d. to 6gd., 100 Bahia at 6.4 d. to sgd.,
200 Egyptian at 64. d. to 8/d., nd 1,000 Surat at
3d. to 42d. per lb. Railway shares were dull, at
rather lower prices.
A fair business has this week been clone in the
produce markets. At the same time, the business
done is almost entirely for immediate consumption.
Holders do not press forward goods beyond what
the demand will conveniently take ; but, on the
other hand, there is no keeping back supplies in
expectation of an advance. Tallow is just now the
article most speculated in. Cotton has been firmer,
hemp and flax are in demand, sugar and coffee
have been steady, and some new season teas have
been purchased higher than for several years. In
rum there have been moderate sales. Iron is in
request.
Yesterday there was more disposition to sell
indigo, which caused increased spirit in the bid-
dings, but prices ruled rather in favour of buyers ;
1,968 chests passed, of which 811 were withdrawn,
480 bought in, and 677 sold. Total passed 10,639,
of which 4,128 have been sold.
The steamer La Plata, arrived from the West
Indies, brings late advices and a large amount of
bullion not accurately estimated as yet, though a
good deal is in silver. Jamaica accounts state
" The hearts of planters are rejoicing, in consequence
of the favourable seasons which have set in, not only
in Trelawny, but in the adjoining parishes of St. James
and Hanover. The crops are considerably advanced,
and there is every appearance of an abundant yield of
the staple products. In Hanover there have been large
returns of yams and cocoas, with which the Falmouth
market has been fully supplied during the last three
weeks, at 10s. to 12s. per hundred pounds. A corre-
spondent informs us that they can be bought at Lucca
at one-third of that price, and that there is no want of
purchasers, who buy for the purpose of retailing them
in districts in which ground provisions are not culti-
vated to a great extent."
The following satisfactory statement is from
Trinidad :
"We reported some time ago that two ships had
arrived here to take those Coolies back to India who
have completed their industrial residence of five years.
The first of these vessels (the Bucephelue) sailed last
week for Calcutta, carrying 282 men, 23 women, and
two children. On counting the money over on board
the ship, which these men saved during their stay in
Trinidad, it was ascertained that the sum total exceeded
30,000 dollars. Several Coolies on board expressed their
desire of coming on shore again for another term, but
they were not allowed to do so. Many of them, espe-
cially those who made money, said that they would re-
turn to Trinidad with their families, after a stay of six
or nine months in India.
" The necessary number of men for the second ship
can hardly be made up, and many of those already on
board wish to come back. These men begin to recol-
lect their former circumstances in India, when periodi-
cal starvation and continual poverty was their lot, and
though love of country may snake them desirous of
visiting India again, few of them will stay here,
when they know that by transplanting themselves
to the West Indies they will find continual employ-
ment at wages which will not only supply their wants,
but enable them to save up money, and to better their
condition.
" Although these return passages appear at present
as thrown away money, and although it is most desirable
that future immigrants should become permanent settlers,
the return cf these two ships full of men, all, or nearly
all, in much better circumstances than when they came,
will act as an inducement for thousands of their class to re-
move from the East to the West Indies.
" It is only a short time ago that it was ascertained
that the East India Company never stipulated for re-
turn passages to Coolies. It seemed all along very
strange to us, that a company who evidently cares very
little about the millions of people under their control,
except as the means of making a good dividend for the
proprietors of India stock, should all at once become so
anxious about their welfare, comforts, and their love of
country, as to stipulate that they should be sent back
again to India after their term of industrial residence is
over. A single famine in India, brought about either
by mal-administration or want of foresight of the Indian
Government (East India Company), destroys more of
their people than have ever emigrated to the West
Indies.
" The stipulation for return passages emanates from
the Board of Control."
" We suppose that the Board of Control looked upon
Coolie immigration to the West Indies as an experiment
which ought to be made at the cost of the West Indies
only, and which, being an experiment, and as' such as a
doubtful question, should at all events not hazard a
forced expatriation of the Coolies, before it was ascer-
tained that the West Indies could offer a better home to
them than their native country. But we think this
question is now solved by West Indians as well as by
Coolies themselves."
The Bank of St. Thomas had made an excellen
report.

Sore of the parties who proceeded from Jamaica
to Australia have returned, and few of these who
remained had done any good at the " diggins."
Panama papers of August state •--

"It is contemplated to put from four to eight thousand
men immediately to work on the repairs of the Cruces
Road, and the completion of the railroad l—and by the
Ist of October, we may expect, if the plans as detailed
to us are carried out, to announce that passengers and
their baggage can and will be put through from Aspin-
wall to this city, and vice versa in twelve hours. In-
structions to carry out these views and plans have been
received by the mail which got here on Thursday, and
our readers, both local and distant, may rest assured
that immediate measures will be adopted to carry them
into effect."

By way of Panama, there are one or two letters
in town, to so late a date as July 19, from Sydney.
Owing to the state of the roads, not much gold was
arriving there. There has not been time yet to
ascertain the nature of the commercial news, but
the markets are believed to have been dull. The
steamer Argo had arrived out ; she left Southamp-
ton May 8. The Osmanli also had got out.
A "sensation" was produced in the Stock Ex-
change yesterday afternoon by the posting of a
telegraphic dispatch at Lloyd's, stating that a Rus-
sian squadron had passed off the coast ; but on in-
quiry it appeared that this merely referred to a
Prussian steamer and a corvette, which were pro-
ceeding, it is supposed, to one of our ports.
Although the political news is as unfavourable
as ever, the completion of the settlement of the
account has shown money stock to be so scarce
that prices have rallied considerably after the de-
cline of yesterday. There is an enormous amount of
" bearing," and, should war be averted, a sudden
rise might be expected in all securities. A very
energetic course on the part of Government might
even bring about a similar result, confidence being
the main requisite. Consols have been 911 and
921 for Transfer, and 91i to 92 for Account. The
New Three-and-a-Quarter per Cents. have been
92,;1- to 93. East India Stock is marked 245 to
248. Exchequer Bills have realised 4s. to Bs.
premium. _

- Foreign Securities have been very quiet, con-
sidering this is settling day. Portuguese 4 per
Cents. have been marked 421. Not a bargain is
officially noted in Spanish Bonds. Mexican have
reached 24, Equador have been at 4i to 4, Rus-
sian 5 per Cents. keep steady at 112 to Dutch
4 per Cents. ex-dividend are 93l to 94.
The Railway Share market has been firmer, but
the operations have been extremely limited. French
Shares have been nominally higher, but with
scarcely anything doing.

The Gold' Mine Shares are steady, and slightly
dearer.

The Australian Bank Shares look firm. In the
Land Companies' Shares there is nothing doing.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK,
(Prom the Official List.)

Business dono.
3 per Cent. Reduced Annuitie5,,,,,,,,,,,,,,, 90i11
3 per Cent. Consols Annuities 92 1 2
New 3/ per Cent. Annuities 921 143
Long Annuities, Expire sth Jan., 1860 51 3-16
Ditto 30 Years, Expire sth Jan.,1860
India Stock
Consols for Account
Exchequer Bills, 2d.
£l000
£5OO • 8 4 p
Small 8 4 P
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Pent
Ditto Small
Cuba Bonds, 6 per Cent
Equador Bonds
Mexican 3 per Cent.
Ditto for the Account 24
Portuguese Bonds, 5 per Cent 441
2
Ditto 4 per Cent ...
.. 421
Russian Bonds, 1822, 5 per Cent. £ St ll2
Ditto 4 per Cent 914
Spanish Bowls, 3 per Cent
Ditto Passive (Converted)
Dividends on the •thove payable in London.
Dutch Exchange, 21 per Cent. 12 Guil —
EMU° 4 pa Cent. Certificates..
HALF-FAST TWO.
928 1
91g

97
100
4i

Consols
Ditto October A ecount