The Sun.
London, England, 1854-04-06 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 5,000 bales, including 1,000 Ame-
rican taken for export. The market closed very
steadily but tame, without alteration in prices.
The sales comprised 4,000 American, 220 Pernam
and Maranham, at sid. to 'ad., 60 Bahia, at
fild., 100 Egyptian, at Rd. to 101 d., and 400
Surat, at 3d. to 3d. per lb. Railway Shares were
firm at rather higher prices.

The following,: vessels have been ordered by the
Admiralty to be surveyed for the conveyance of
troops and stores :—The Marion, Panola, Calliope,
Arabia, Chaseley, William, Prowse Burmah,
Northumberland, Monarchy, Coronella, Pember-
ton, Harbinger, and Negotiator.
The following communication, in answer to the
remarks made in Parliament by Mr. Bernal Os-
borne, has been communicated to us by Messrs.
Sturgeon and Sons:—

`• Gray's Hall, Essex, April 5, 1854.
" Sir,—Pending the appointment of the Committee,
asked for by Sir W. Smijth, we begto be permitted shortly
to trespass on your space in reply to the ungenerous and
unfair remarks of Mr. Osborne.

" He is incorrect in his assertion that ' Upland' Hay
was asked for. Whatever the terms of the contract with
which no one would have anything to do, and of which we
are in ignorance, the Admiralty letters to us willishow that
`Upland' Hay was not asked for.
" His quotation from our letter, where he makes us un-
derstood to say that the hay offered by us was ' admirably
suited for horses,' was calculated to mislead the House.
That remark was applied to some mixture hay, of 1852,
which we asked 15s. per load more for, which was not ac-
cepted by Government, and to distinguish it from the
meadow hay which they did accept.
" We had not thought it possible that any one could be
found who, in an affected attempt to exculpate us from the
infamy of such a charge, would have sought in it a fresh
opportunity for assailing us; or who could prefer to the
reparation of an injury, an act of justice, and the removal
of an unjust charge, the consistency of an office, although
it should be th Admiralty : and, moreover, when the
Judges he now eulogises, and on whose judgment he asks
our condemnation, were dismissed, and others appointed
by the Admiralty, by their letter of the Bth of March,
coupled with an invitation to us to supply more hay.
" We hope, as wo believe, that our feeble cry for justice
will, as an echo- in your columns, gather strength, and
that ready to strike, you will show that you are not less
ready to admit a defence.—We are, air, your obedient
humble servants,

" STBROEON AND SONS."

The non-arrival of the Harbinger steamer from
Australia causes some disappointment, as she is
expected to bring a larger amount of bullion than
was at first stated. She will have probably, about
73,000 ounces of gold.
There has been a very buoyant market for the
English securities, and the quotations are strug-
gling up, despite the occasional selling. The
speculators are rather quiet, and not doing much
either for the rise or fall. Consols have been 84
for a moment, and since 87i - for transfer. The
time prices have been 87 to Exchequer Bills
are par to 3s. premium, and India Bonds par to
ss. discount.

Foreign Securities have been more dealt in, and
are generally very firmly maintained. Mexican
Bonds have realised 23/ to 24, a payment of
another ss. being advertised upon the remanets.
Grenada Deferred Stock has been marked 5i to 6.
There is also a payment announced on part of the
Granada Debt. Buenos Ayres Stock has been at
53k, and Chilian at 984. Sardinian Bonds have
been at 75. Russian Five per Cents. have im-
proved-to 91. - The Four-and-a-Half per Cents. are
82. Dutch Four per Cents. have been 83i to 84k.
Spanish Three per Cents. realise 35/.
Eight cases containing ores from the Waller
Gold Mines have arrived in London to-day, ex
Arctic, from New York. We understand that the
shareholders will be invited to witness the testing
of this consignment.
The business done in the Mining Share-market
has been smaller, but prices are supported. The
Land Companies shares have been firm, and the
Banks very quiet.
The last week's railway receipts ascertained up
to this day are in round figures as under :

1854. 1853.
Great Western
North-Western
South-Western
Brighton
Midland
South-Eastern
Caledonian, and Edin. and Glasgow 14,783 12,903
Great Northern 17,022 13,526
Lancashire and Yorkshire
York and North Midland, Newca.stle
and Berwick, and Leeds Northern 27,636 23,966
The Railway Share Market, though not particu-
lirly animated, is much better, and the rise in many
of the English lines is 1 to 1 per cent. North -
Western, York and Berwick, and Great Northern
being most buoyant. French shares are up about
ss.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK,
(From the Oficial Li4t.)

Pnslnea. dime
Bank Stock 2101 121 x d
.1 per Cent. Re'bleed Annuities Bsi 61 x d
3 per Cent. Consols Anruities B7l g 71 1
New 3i per Cent. Annuities
Long Annuities, Expire sth Jan., 1860
India Bonds, £lOOO .......,.. ........
EittoP under £lOOO 5 10 d par
Consols for Account 18th April B7 1 /
Exchequer Bills, 2d.
£IOOO
£5OO par 3 p
Small Par 3 P
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.

Buenos Ayres Bonds, 6 per Cent 533
Chi Han Bonds, 6 per Cent ........
Grenada Bonds, Deferred
Mexican 3 per Cent.
Ditto for the Account 24
Peruvian Bonds, 43 per Cent. 55 8
Russian Bonds, 1822, 5 per Cent. Z St 9l
Ditto 43 per Cent B2
Sardinian Bonds, 5 per Cent 75
Spanish Bonds, 3 per Cent 3sf
Dividends on the above payable in London.
Dutch Exchange, 23 per Cent. 12 Guil
Ditto 4 per Cent. Certifieates .. .
HALF-PAST TWO.
.P 771

Consols
Ditto April Account

EPSOM RACES.

(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)
CITY AND SUBURBAN HANDICAP
VIRAGO

Twentythree ran.
TRIAL STAKES.

Rataplan
Cranboume......_

RAILWAY PLATE.

Orinoco .

Eighteen ran.
BETTING ON THE COURSE.
METROPOLITAN.
3to 1 agst Jonathan Martin.
6to 1 agst Muscovite.
6to 1 s.gst Royalist.
14 to 1 s.gst St. Clair.
14 to 1 stgst Annie Sutherland.
20 to 1 agst Haco.
CITY AND SUBURBAN.
3to 1 r►gst Marc Anthony.
3to 1 agst Virago.

SOUTH-WESTERN RAILWAY.-Sir W. Heatheote has
formally resigned . Nor is this the only retirement that
has been for som e time expected. The long-continued
absence of Mr. lYzielli from meetings of the board lends
credence to the rc imour that that gentleman also is about
to vacate his seal ;.—Railway Times.

THE UNIVERS ITY BOAT RACE. —The forthcoming
University boat -race is the present theme of conversa-
tion amongst the elite, and will no doubt be a very ex-
citing exhibition. Both crews are in daily practice over
the acquatic court le destined for this great trial of supe-
riority, and their exertions are watched with consider.
able interest by th, ose who wish to speculate upon the
result. In each trial both crews are said to mend in
pace, and it wool, I be indeed difficult to select a finer
set of men, or boa its better calculated for the full exer-
cise of their powe r. The list remains the same as we
published a few d ays ago, the Oxonians being consider-
ably the heavier -men. The style of rowing materially
differs, but not s 3 much as heretofore, each being very
fast and effective, as far as we can judge by an inspec-
tion of trials. Be tting is, at their training quarters, 6
to 4on Oxford. It was at first conjectured that the
race would be rowed down from Mortlake to Putney,
but as the tide wi 11 hang up till near mid-day, it will be
vice versa, the be ats starting a little after eleven from
Putney-bridge, auh i the course finishing at Barker's-rails.
Both crews appeal • very sanguine of success.
THE QUEE'N'S !ORRESPONDENCE.—A letter from her
Most Gracious D l ajesty to the Marchioness of West-
minster, condoling, with her ladyship and her family on
their late melan,choly bereavement, was written on
Wednesday, and despatched from Buckingham Palace
on that day. :7 it reached Eaton-hall on Saturday,
having been " m is-sent" to Flint. It was at first sup-
posed that this -m ost unpleasant mistake was imputable
to the negligence or oversight of the employes at the
Chester Pc,st-office, and a searching investigation was
instituted -to bring it home to the proper quarter. We
are happy- to be enabled to state that the result of the
inquiry ban fully exonerated the officials here, as it was
conclusive'iy shown Oat the Royal missive had never
reached the post-office here until Saturday morning, on
its return from tire Flint office, to which it had been
" mis-seat" from the, general Pot-office in London.—
acster Oronicle..