The Sun.
London, England, 1853-07-07 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 3,000 American
were taken for export and on speculation. The
market closed firmly. The sales comprised 5,500
American ; 300 Pernam and Maranham at 6d. to
; 350 Bahia at 60. ; 200 Egyptian at 6d.
to 71d. ; and 1,700 Surat at 3d. to 41d. per lb.
Railway shares were firmer.
The six weeks' average price of wheat is 455. per
qr., and the last week's sales are reported at
80,666 qrs.
The following is part of a statement by Messrs.
Houghton and Levy, of Liverpool, concerning the
foreign Currant trade :

" The stocks at this port are now reduced to scarcely
one-half of that of the same period last year, and the
clearances are proceeding at the rate of about 60 tons
per week. There is still a quantity of superior fruit held
by some of the wholesale houses, but entirely withdrawn
from the market at present, the holders anticipating
further improved rates, which we have but little doubt
will be obtained, as the crops of next season will be so
exceedingly small. The stocks also being materially
diminished, and without hope of any supplies from the
Continent or elsewhere, the difficulty will arise how the
autumnal demand is to be met. The high prices will, no
doubt, in a measure, check consumption • but having
now become an indispensable article, we feel assured a
further rise will yet take place as the approaching season
advances.

" N.B.—Since writing the above we have received
still later advices to hand this evening, stating that in
many of the principal districts, where the vine is chiefly
cultivated, the failure will be total."

On the 20th ult., Mr. George Ridley was exa-
mined before the committee on the public-house
licensing system. He gave some practical sugges-
tions for reforming magisterial mismanagement, he
showed the morals of the people did not depend on
the vigilance at present exercised by magistrates in
connection with public-houses ; that the several
licensing acts operated as a cloak for fraud in the
sale of adulterated malt liquors, &c., securing a
large profit to a class, who by these fraudulent
means carried on a profitable business, whereby
high premiums are obtained for public-houses. It
was suggested that the " description of trade" car-
ried on by Fearon and Sons, Stevens ,and Sons,
Carroll and Sons, and such like, should be
adopted as models for throwing the trade
open, for that those gentlemen have obtained the
victualling license ostensibly to carry on a retail
wine and spirit business, but have not houses for
public accommodation, or for consumption on the
premises.

The following facilities (we think) would suffi-
ciently cure the present corrupt monopoly. That
the legislature should (on the plan adopted by
Messrs. Fearon and other genteel houses),
Without magisterial authority, concede to house-
holders, with sureties for good conduct, the
Privilege of selling small quantities of spirits (not
to be consumed on the premises under heavy
Penalties), down to half a pint ; and liberty to
parties, not dealers in spirits, to sell wine, to be
consumed on the premises where sold—this would
B.lifneierltly meet the evil, at present so injurious
to the
foreign wine and spirit trade in general.
Prom the New York accounts, received to-day,
it appears that the Crescent City, from California,
doing
a rrived at San Francisco. The miners were
u well,
and the prospects of the farmers were
encouraging.
Trade was dull, arid there was an
absence
of speculation, but an early revival was
probable. During the last six months it was
estimated that 400 Indians had fallen victims to
stmall-pox, but that this disease very seldom was
ateri bY Whites. Some apprehension was felt
exolit the crops not turning out so well as was
strPeeted) the cut-worm having been very de-
uctive. In some places whole fields had been
destroyed, an
planted.
and the ground ploughed up and re-
been fruitless, attempts to destroy the pest had
The salmon fishery in Sacrament()
Was very
productive. The prairies are now inter-
sected with comfortable lines of stages. The Sacra-
mento.
and American rivers were rising and in
many parts had overflowed for the third time this
Year, and it was feared if they rose much higher
great damage would be done to the crops. There
Was a great demand for labour, and teams of every
kind were in increased request. Most mechanics
were on the strike, and this had extended even to
Milliners and dressmakers. _

The-English Stock Market has been rather de-
pressed this morning, Consols being now quoted
971 to 98, after having been done at 98 and 98k.
The New 31 per Cents. are 101 to 101 i, and the
3 per Cents, from 981 have receded to 981. Bank
Stock is heavy at 2281, and India Stock at 256
Exchequer Bills are is. to 4s. premium.
In Foreign Securities scarcely any business is
doing. Spanish New Deferred Bonds are at 221,
and Portuguese 4 per Cents. have been done at
401. Equador Stock is at si. Brazilian Small
Bonds realise 100. Dutch 21 per Cents. bring
631- ex dividend. The accounts from Amsterdam
mention that there was more uneasiness there.
The last week's railway receipts, ascertained
up
to this day, are in round figures as under :

1853. 1852.
Great Western £22,323 £19,464
North Western 54,699 50,961
South -Western
Brighton 11,662 12,096
Midlh
Eastern and 24,913 23,051
Sout
Caledonian
10,232 8,832
Great Northern.
Lancashire and Yorkshire
York and North Midland, Newcastle
and Berwick, and Leeds Northern 30,984 24,459
These returns are particularly encouraging, and
prove that, intrinsically, railway property is much
more valuable than it was.
The Railway Share Market has been quite inac-
tive, and prices are rather lower than they were
yesterday. French Shares have been more offered,
the discovery of an alleged conspiracy at Paris ing hav-
better. Upper an injurious effect. lndia Shares are
In Gold Mines there is nothing doing, and nomi-
nally they are lower.
The Joint Stock Banks are about the same.
Land Companies' Shares have declined.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( Prom the p. AY
List.)
Bank Stock . Business d0ne....•.... .......
....
3 per Cent. Reduced A ...... .
nuuities .. .
.... ........ .... .....
98228 i 4 i
3 per Cent. Consols Annuities 9B A 74-
NCI9 34 per Cent. Annuities Ol-b i 1
India Stock 1.
...
India Bonds, £lOOO ....... ..... ...... ...

.... 100$
.... 98A 71 8

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