The Sun.
London, England, 1854-09-13 00:00:00

MONEY MARK E

AND
()OM MET CIA L INT ELLIG !'NC E.

CITY, TNN 0 o'CLOCK.
The sales of cotton at Liverpool yesterday
were estimated at 5,000 bales. The market closed
but steadily, with prices of all kinds un-
changed. The sales comprised 200 Egyptian at
6(1. to 71d., 40 Sea Island at ls. Oid. to ls. ld.,
and the remainder nearly all American. Railway
Shares were firm and steady.
The steamer Arctic has arrived off Liverpool,
with 1,130,705 dollars in specie, and dates three
days later, viz., to Sept. 2d, inclusive. The stock
market was again very depressed, after a rally.
*which occurred on the 29th ult. The Erie Rail-
road Company appears to be in great embarrass-
ment. One writer states :
" Air. Vanderbilt has loaned the Erie company his
endorsement on $400,000 of its paper of short date, for
which he has received a mortgage on the entire rolling
Property of the road. Everythilg in the shape of a loco-
motive, freight and passenger car, has been pledged for
the above-named sum, instead of $600,000 as at first
proposed. Of th e $4OO, 000 raised by mortgaging the move-
able property of the company, $300,000 will be paid out
to-morrow for interest then due on the bonds. This leaves
but a small amount for other purposes. It would be well
enough for the company to appropriate the balance to the
Payment of wages due labourers along the line of the
road. We are informed that along the Delaware di-
vision labourers have, been paid,only up to the Ist of July.
...Wages due for June were not paid until a week or two
ago. July and August are now due. This is a pretty
position for, the Erie Railroad Company to be in. The
president, no doubt, receives his salary of $lO,OOO per
annum as soon as due, and all the other officers with
enormous salaries, the same, while the poor labourer,
whose credit at the nearest store depends entirely upon
his prospective pay, is put off month after month, until
he can get no more pork and bread upon his promises to
pay when the company pays him. These may be con-
sidered trifling matters, but a shrewd stockholder will
be able to draw correct inferences from even such trifles,
and govern himself a cordingly."
There were appearances of rain in 'New York
State at the latest date.
From Mexico it is stated that Villareal, the
aecond in command to General Alvarez, had died
of his wounds.
Venezuela is stated to be still in a very disturbed
condition. Honduras had been visited by swarms
of locusts.
The accounts from Brazil by the Great Western
steamer represent business as being dull at Rio.
The market report from Buenos Ayres is likewise
unsatisfactory.
The arrangements by which the remainder of the
Exchequer Bonds are to be issued appear to be so
far judicious that they widen the probable sphere
of circulation by reducing the separate "amounts of
the Bonds:ln the instruction given it is provided
that the bonds and certificates attached thereto
shall . provided to the amount of 900,0001.
in bonds of • 1,0001. each, 530,0001. in bonds
of 500/. each, 300,0001. in bonds of 2001.
eacll, and 270,0001. in bonds of 1001.
each. This will give 2,700 bonds of the
lowest denomination, and any one acquainted with
Stock Exchange matters will appreciate the conve-
nience of this plan, and understand the probability
o
the securities being taken up by parties who other-
wise would not invest in them. The bonds of the
larger amounts will, at the same time, be useful to
bankers and others. On the face of each bond the
intimation will appear that the capital is to be paid
°ff at par on the Bth May, 1858, the interest being
at the rate of 3i per cent. per annum. The inte-
rest
may be received by any one holding the an-
nexed certificates, of which a form is given, stating
th
the borrower is entitled to a half-year's divi-
dend. Thus, a bond of 1,000/. will bear a Coupon
of 171. 10s. for the half-year ; one of 5001.
Will yield 81. 15s. ; one of 2001., 31. 10s. ;
one of 1001. V. 15s. This is quite a new feature
in connection with English securities, and we have
not the slightest doubt that at no very distant date
they will, as we have always contended, be made
freely available for the purpose of remittances.
'itherto Dutch and other foreign Coupons have
Passed from hand to hand in the same way, and
been found very acceptable, although they
could never be as serviceable as a bond payable at
Par within a given date, being subject to greater
fluctuation in the different markets. The A and
the. B series will now be in circulation, authority
having been given to the cashier of the Bank of
Zngland to receive the same from the Comptroller-
General of her Majesty's Exchequer. Having ap-
Proved of the experiment of issuing Exchequer
Bonds from the moment it was first announced,
and having, in fact, joined with the practical men
in the suggestion that some such course should be
tal&en, we feel an especial pleasure in the success
which has attended the attempt, notwithstanding
the bitter opposition manifested by disappointed
speculators, who were particularly solicitous that
there should be a further addition to the funded
debt of the country.
This has been settling day in the Stock Market,
and it would appear that the Account is decidedly
Bullish. The " continuation " has been as much
as 4 to per cent. on Consols, which, after being
n for transfer, fell to 95k though now again
9511 i• The prices for October have been 95i -g, and
SoiTlee 95g- Exchequer-bills have realised 6s. to
v's-, and India Bonds 6s. prem. The Bonds of 1859
have been done at par. East India Stock has
been done at 225. The arrival of about 280,000/.
in specie this morning will afford acceptably means
for the next instalment upon the Turkish Loan ;
and the change of wind will no doubt bring for-
ward several Australian ships that must be off the
Coast
The Foreign Stock Market continues very quiet.
Russian 5 per Cents. are 872 to 88,12- being lower,
and Spanish Bonds are flatter, the 3 per Cents. at
371, the New Deferred at 18 and the Passive at 4
and 4i. Brazilian 5 per Cents. are quoted 102, and
Dutch 4 per Cents. 94g. The Turkish Scrip opened
at 51, but has subsequently been as low as si.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 to 6i ;
Mexican, 244 to 25 ; Peruvian, 70 to 72 ; ditto
3 per Cents., 51 to 53 ; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 98 to 100 ; ditto
4i per Cents., 88 to 90 ; Spanish New Deferred,
313 to 18i ; ditto 3 per Cents., 37f to 384 ; ditto,
Certificates, 54 to 51 ; ditto, Passive, 4 to 44.
This is " making up" day in the Railway Share
Market, and the business done is chiefly in refer-
ence to the settlement of the Account to-morrow.
The movement in prices is not uniform, but the
tendency generally is towards a decline. The
Foreign lines aro very dull.
In Mining, Banking, and the miscellaneous
Shares dealings are unimportant.

50
50
20
20

25
St.
20
Bt.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( Front the Ot.cial List. )
Business done.
3 per Cent: Consols Annuities 9sli
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth Jan., 1860 4i
India Stoe,k
India Bonds, £lOOO ...... 6 p
Consols for Account 17th Oct.

Exchequer Bills, 24d.
£l000
£5OO 9 G
Small 9 6
Exchequer Bonds 1858, 3,i per Cent, —
Ditto 1859, ~
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent lO2
Sardinian Bonds, 5 per Cent BB} 7i 8
SPauish Bonds, 3 per Cent 37i
Spanish New Deferred, 3 per Cent. lB
Ditto Passive (Converted)
Turkish Scrip
Dutch Dividends on the above payable in London.
ttch Exchange, 21 per Cent. 12 Guil --
Ditto 4 per Cont. Certifieates
HALIVAST PTO.

Conn°la
Ditto October Account

TEE CANADIAN ASSEMBLY was to meet at Quebec on
the sth September for the despatch of business, and the
reciprocity treaty would have to be assented to in
Canada and the other prlvinces before it can come into
operation. As remarked by General Cass, this treaty
" terminates all existing differences between the United
States and Great Britain, and leads to the hope that the
COonly w eats between them will be a generous rivalry in
all that constitutes the true progress of nations."
AT ARMING FIRE AT CLERKENWELL.—Yesterday after-
"' n, between the hours of one and two, a fire broke
01 t on the premises of Messrs. Elston and Sons, watch-
dial manufacturer; carrying on business at 42, Myddel-
ton-street Clerkenwell. The envines of the parish,
three of the London Brigade, and that of the West of
England Office, were soon in attendance, and the fire
Was eventually extinguished, but not until considerable
image was done. The sufferers were insured in the
2tclutiage Fire ace.

ii 2sl

St.
2i
25
50

St.
10
St.
25