The Sun.
London, England, 1853-04-01 00:00:00

MONEY AND COMMERCIAL NEWS,

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 22,000 bales, of which 3,000 American
were taken for expert, and 8,000 American, 500
Egyptian, and 500 Surat on speculation, the mar-
ket closing with great excitement. Compared with
Friday's rates prices of American were id., and
Surat and Brazil i, per lb. higher. The sales
comprised 18,000 American, 700 Pernam and Ma-
ranham at 6id. to 71., 800 Bahia at 6d. to 6id.,
800 Egyptian at 64-1. to 8 d., 800 Surat at 31d.
to 411, and 50 Sea Island at is 10d. to 2s. per lb.
Railway shares were at improved prices.
There has been a duller trade for most articles,
and although the deriand for consumption is good,
very little speculative inquiry exists. Tea is in
favour, and Foreign Sugar afloat is wanted for the
Continent and British Plantation is cheaper.
Tallow has been quirt, Coffee rather depressed,
and Cotton in more demand.

In review of the Manchester market, we have
the following from Messrs. M‘Nair, Greenhow, and
Irving :

"The bustling activity which in bye-gone years used
to be the distinguishing feature of March, would appear
to be fast passing away.. Changes in seasons, and the
frequent facilities afforded in our day for effecting inter-
course with not only every portion of the United King-
dom, but with the great bulk of the nations of the earth,
have necessarily and materially tended to, and accom-
plished, the destruction of the old and familiar
" Land Marks." At any rate, so far as the pre-
sent year is concerned, inactivity, externally
with a temporary alleviation has been the cha-
racteristic of the closing month. From its com-
mencement, until about the beginning of the
third week, indications of a dull and drooping character
where everywhere perceptible, accompanied with a de-
cline in value upon both twist—from 50's down-
wards' in water and in mule—and cloth, so far as con-
cerned, more especially, India qualities of shirtings—of
at least id. per lb. on the former, and 3d. per piece upon
the latter. From the period referred to, however, and
in consequence of advices from the United States favour-
ing extended operations in cotton on this side, which-
almost instantaneously effected an advance in the value
of that article amounting to id. per lb., a con-
siderable demand for twist and cloth of almost every
description followed. The effect of this movement
was to raise yarns fully id. per lb. ; and 40 inch shirt-
ings lid. per piece, and to place spinners and manufac-
turers under contract for orders which are not yet com-
pleted. Not only was the effect limited, but its in-
fluence extended to almost everything else of a staple
and everyday character. Since the indicated improve.
ment took place, matters continued very quiet compara-
tively, until Tuesday last, when a good demand was
again experienced for all kinds of yarns, unattended with
any change for the better in goods, which at the moment
are" generally rather better to buy. As an itstance, we
consider the advance obtained upon India shirtings to
have disappeared, and 9-Bths and 7-Bths printers, with
T and longcloths, maddapolams, 9-Bths shirtings, &c.,
of" every quality to be in favour of the buyer,
by at least lid. to 3d. per piece beneath the
rates ruling a month ago. We desire to be par-
ticular always in recording the action of the market ;
hence the necessity for narrating, specially details, which
by many of our correspondents ynay be considered use-
less or unnecessary. We know that it is a very bad
habit to be too prolific in details ; still, in a matter
affecting many of our correspondents at a very great
distance from the seat of operations here, we yield
somewhat reluctantly to an obvious necessity. The
transactions of the month, in the aggregate, we have the
satisfaction of stating, are again of fair extent."

The Banker's Magazine gives the following inte-
resting statement respecting the corn trade :

" Tho importations since the harvest of 1852 have been
Wheat. Other grain.
Twenty-eight weeks ended Feb. 9 2,03Q2,5935 1,289,532
Five weeks ended March 16 248,342 99,532

2,231,277 1,389,064
And the weekly average results have been—
Twenty-eight weeks ended Feb. 9. 73,000 46,000
Five weeks ended March 16 50,000 20,000

Less 23,000 26,000
" During March the weather has been on the whole per-
haps favourable to the preparation of the land for next
harvest. The cold, however, has been severe in many parts,
and has, to some extent, retarded out-door work, and kept
vegetation unduly in check. It is stated, with apparently
good reason, that the breadth of wheat land prepared is
much less than the average. The large importations have
checked prices, but the markets are firm, and a pod opi-
nion is held of the future value of the article."

The wonders of mining have often been recorded,
and the Australian colonies have rivalled England
in the productiveness of their copper works, while
they have surpassed it by their yield of the most
precious metal. Another of our possessions,
greatly in need of a powerful lever to its prosperity,
seems likely to occupy a new and prominent posi-
tion, viz., Jamaica. Several mines are being
opened there, but One so far exceeds the others
so as to promise results which one can scarcely
venture to write of, without the imputation of ex-
aggeration. The Metcalfe and General Mining
Company held their meeting yesterday, to consider
of an increase of capital, by the issue of 2,000
shares, at 9 premium, so as to raise 20,0001. The
proprietors have gladly embraced the offer, for
already the existing shares were worth 14 to 15
premium, and the prospects of the undertaking are
considered to be such as are not presented more than
once in a series of years. The chair was taken by
T. M. Weguelin, Esq., the Deputy• Governor of
the Bank of England, and it was elicited during
the discussion that ore to the extent of 4 tons per
diem can be produced by two Cornish miners and
three or four negroes from one lode. There are
three lodes open in Job's Hill and two on Pem-
broke, and the assay of the copper brought here is
70 per cent., with 6 lbs. of silver. Machinery does
not appear to be required, the wilts being driven
in at the sides of the mountain, the copper ore being
traced of a mile. Everywhere that the working has
been carried on, rich copper has been obtained, and
under proper mai?agement there is no saying what
should be the estimated returns.

The shares of the Great Hewas Mine have been
allotted, and the company has already purchased
its engine, and will commence operations without
delay.
The advices from Turkey are not regarded as fa-
vourable, upon the whole, and, consequently,
English Stocks are a little flatter. Consols being
99k to par for money, and par to 1001 for account.
The premium upon the June Exchequer Bills
is 7s. to lls. ; and upon those dated March,
6s to 7s. East India Bonds are 475. premium.
The statement in the American accounts, that
explanations have been demanded of England re-
specting our interference in the Musquito dispute,
has had some effect upon the market.
Foreign Stocks have been quieter. The Spanish
Committee's Certificate is worth Bi, and steady.
Portuguese Four per Cents. are worth 391. Mex-
ican Bonds are firmer at 26A. Greek Bonds are
maintained at 9. Austrian Bonds are 99/, and
Danish 83 to 84/.
The Railway Share Market has been exceedingly
quiet, but prices are steady.
The Gold Mine Shares aro firmer.

The Land Companies' Shares have been rather
Joint Stock Banks are much the same.

BRITISH FUNDS THIS DAY.
(Front the Official List.)
Business done.
3 per Cent. Consols Annuities
India Bonds, 21000 47
Consols for Account
Exchequer Bills, 14d. June. March.
£lOOO
£5OO 7
Small l2 7
PRICE OF FOREIGN FUNDS THIS DAY.
Austrian Bonds, 5 per Cent.
Danish Bonds, 3 per Cent.
Equador Bonds 6 5,1
Greek ex over-due Coupons
Mexican 3 per Cent —
Ditto Account April 15, 26h
Peruvian Bonds, 1849, 44 per Cent.
Ditto Scrip
Portuguese 4 per Cent. 39
Russian Bonds, 5 per Cent. ...........
Sardinian Bonds, 5 per Cent.
Spanish New Deferred, 3 per Cent 24i 5
Spanish Committee Cert. of Coup. not fun, 8i p a
Dutch Exchange 24 per Cent 654
Ditto 4 per Cent. Certificates..... 968 x d

THREE O'CLOCK.

Consols
Ditto April Account

THE DIAMOND STEAM-PACKET COMPANY —SALE OF
THEIR VESSELS.—Yesterday the well-known steam-ves-
sels of the Diamond Steam-packet Company, which have
for some years plied between London and Gravesend,
were put to auction by Messrs. G. Bayley and Co., at
Lloyd's Captains'-room, Royal Exchange, by order of
the directors. The Ruby was the first put up. It was
built of oak, and was 170 feet in length, admeasuring
168 tons, and fitted with a pair of engines of 110-horse
power. The auctioneer asked 2,0001. for the property,
but there was no offer. The next vessel was the Sap-
phire. This was built of iron, and was in length 181
feet, its admeasurement was 172 tons, and it had engines
of 100-horse power ; 2,0001. was asked for the vessel,
and it was bought in at that price. The Emerald fol-
lowed. This was also an iron steamer, with engines of
90-horse power, admeasuring 140 tons, and 161 feet in
length ; 8001. was offered, and it was knocked down for
1,6001., but not sold. The Diamond was the fourth
vessel. This was built of oak, it was 164 feet in length,
and adrneasured 122 tons, its engines possessed 80-horse
power; this had no bidder at the sum of 1,5001., for,
which it was offered. The last steamer was the Topaz.
This was built of oak, and was 153 feet in length, it
was fitted with engines of 70-horse power, and admen.
sured 91 tons; There being no offer, this lot WAS with•
drawn,

BANKRUPTCY COURT-(THIS DAY).

(Before Mr. Commissioner Goulburn.)

IN RE BRADBURY.-ANOTHER RUNAWAY BANKRUPT.

This was a meeting for auditing the accounts of this
bankrupt, who had carried on business as a cheese-
monger on Holborn-hill. The procetvlings of the meet-
ing were pro forma, the estate being very small, and not
likely to yield a dividend to the creditor.. It appears
that the bankrupt absconded with the intention of going•
to Australia, and took his wife and children with him ;
but the vessel in which he took passage having been
driven by stress of weather to the Isle of Man, the
assignees took the necessary steps for his apprehension.
He was brought to London, and allowed to surrender,
so as for the time to escape the penal clauses of the
Bankruptcy Act. The accounts rendered were far from
satisfactory; but as it was not possible to obtain better,
his Honour allowed the bankrupt to pass, all questions
as to conduct being reserved for the certificate meeting.