The Sun.
London, England, 1854-08-05 00:00:00

MONEY

rsIARKET

.s.ND
ilf A L rNr_gLL IGEN( E

CITY, TWO o'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales including 2,000 taken
for export and on speculation. The market closed
firmly. Railway Shares were flat.
In giving the substance of communications from
Russia, Messrs. F. J. Smith and Charles remark :
" Horses were said to be very difficult to obtain, and
the charge for carriage was still rising. Here our mar-
ket continued to improve throughout the day ; especially
after the announcement that the Bank of England had
reduced their rate of discount by one half per cent. It
was a' once perceived that this would facilitate the hold-
ing-of the tallow delivered off on the August contracts,
and thus prevent any considerable quantity being thrown
on the market for sale. The closing prices were—Spot
and August, 665. 6d. ; September, 675. 6d. ; October.
and December, 695. 3d. To-day we received letters from
St. Petersburg to 28th inst.—nothing doing, carriage
still rising. One letter from Koxna states, the con-
dition of the tallow that has arrived at this place is ter-
rible.' Here we opened with great buoyancy."
In the timber trade monthly circular of Mr.
Edward Chaloner, of Liverpool, it is observed in
reference to teaks, and other ship-building woods,
that—
" Owing to the Committee of Lloyd's instituting them-
selves an authority in favour of woods comparatively of
modern discovery for ship-building, they have become
not only exceedingly scarce but dear, and almost out
of the reach of consumers ; these woods are Sabicu,
Morra, Greenheart, Live Oak, and African Teak,
of which the aggregate import since 1851 is only
1,750 loads. consequently, the stock of really good ship-
building wood in the port being 400 loads of ship-build-
ing mahogany, though good enough for her Majesty's
dockyards, cannot be used by our ship builders for first-
class ships through the unjust prejudice, to say the
least, of the parties referred to. Strange, the woods so
much appreciated just now for the navy should be pre-
judiced for the merchant's ship by parties self-appcinted !
So there being practically no ship-building wood, there
are no sales to report. In my recollection in this port
the population has become multiplied fourfold and the
tonnage sevenfold : but our shipbuilding in the like
time has not in the least progressed. Just now some
efforts are making to advance this most conservative
trade—yet not on the part of Lloyds."
So long as Lloyd's classification committee per-
petuate its self constitution by electing its own
numbers year after year when vacancies occur, the
shipping interest cannot be said to be fairly repre-
sented therein. A body which has such important
interests confided to its care, should certainly com-
bine more of the popular element, and there would
then be a better chance of affording general satis-
faction and of avoiding even the suspicion of favor
and affection, which, even if groundless, is' sure to
be entertained whenever any section of the com-
munity, whose property the Committee affects to
benefit, consider itself aggrieved.
An explanation of the precise causes that led the
Bank of England, on Thursday, to reduce the rate
of discount, is not to be sought altogether in the
Weekly return of its liahilities and assets made up
to the 29th ultimo, still there were the premoni-
tory symptoms of that decline in the business of
the Corporation which has since become more de-
cided. The discounts were smaller, and there was
a reduction of circulation. There was one feature,
however, that manifested a continued tendency to
export specie, viz., the diminution of the deposits,
and, it is probable, that as parties could borrow
cheaper elsewheie, they would use their own means
first, before applying to the Bank of England for
accommodation. Compared with the previous
Week, the changes are as follows
Active circulation..

£20,514,720.
141, 805
13,484,324
149,353
Rest
Increase
Public Deposits 2,302,361
Increase 243,576
Other Deposits
Decrease 485,139
Seven-Day and other Bills
Decrease 17,514
Government Securities 11,775,383
Decrease
Other Securities 13,610,093
Decrease 209,322
Notes unemployed 6,257,060
Increase
The amount of notes circulated by all the banks
in the United Kingdom during the month to the
Bth July last was 36,360,3171., being a decrease of
1,420,6681. compared with the previous month.
Yesterday afternoon there was much firmness in
the rates at which bills of exchange were nego-
tiated, Pans being at 25 25 to 30, Amsterdam at
11 17 to 17k, and Hamburgh at 13 6k to 7.
Trieste was 12 30 to 35 ; in all these cases for 90
days' paper. •
During the week to Thursday last, 157,800
ounces of silver were exported, and 1,910 ounces
of gold, chiefly to Hamburg, Belgium, Boulogne,
and Rotterdam.
At the meeting of the Tamar Maria Mine, this
day, S. Weatherby, Esq., in the chair, a report
Was read, which stated that the works were pro-
gressing steadily, and were confined to driving an
edit level on the cross course, which was extended
71 fathoms, but the No. 3 lodes had not yet been
intersected. The No. 4 lode was opened in in a
neighbouring mine, and large quantities of ore
Were got from their 20 fathom level, which was a
great encouragement for the Tamar Maria. The
accounts showed a balance of 4071. 7s. 7d. over
liabilities and arrears due from those who had not
converted their original shares, besides 1,690 un-
18sued shares. It was stated that non-converted
shares would be sold shortly, but the committee
Iv°llld not object to receive the money due in the
-Inter* so as to avoid a public sale if possible.
There has been an improvement of / to g per
cent. in the funds, although the market is extremely
quiet. Consols have been 922 to 92i for transfer,
And 921 to 93 for time. Exchequer Bills have
realised 2s. premium. The New 3/ per Cents. have
nben at 93/ to 932 and the 3 per Cents. at 921 to
There is an impulse given to prices by the
preparations for invading the Crimea, and which
are viewed with great satisfaction, tardy though
they be.
„Foreign Stocks have been very steady. Mexican
!cods have realised 24k, and Peruvian 4/ per
Cents. 68 to 682. Spanish 3 per Cents. are worth
3 811 and the Certificates are 44 to 51. Dutch 4
Per Cents. are 921.
The following are the nominal prices of foreign
Stocks :—Grenada Deferred Bonds, 6to 6 ; Mexi-
can, 24g to 24i ; Peruvian, 67 to 69 ; Ditto 3 per
Cents., 51 to 53 ; Portuguese 4 per Cents., 39 to
41 -
) Russian 5 per Cents., 97 to 99 ; Ditto 41 per
Cents„ 82 to 84 ; Spanish New Deferred, 182- to
191 ; Ditto 3 per Cents., 38 to 39 ; Ditto Certi-
cates, 44 to 5k ; Ditto Passive, 4 to 4i.
The railway market has been fluctuating, but
upon the whole is now looking up.
Mines and Banks are nominal. Crystal Palace
continue flat.
B:

Decrease
Bullion

Decrease..

:RITISH FUNDS THIS DAY AT ONE O'CLOCK.
( Front the Oficial List.)

- Bustnes. 3 per Cent. Reduced Annuities 921 3 done.
3 per Cent Consols Annuities
34 per Cent. Annuities 93 6
Consols for Account 17th August 921 3
Exchequer Bills, 24d.
£lOOO
Small
par 3 p
Exchequer Bonds, 1858
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican 3 per Cent.
Peruvian Bonds, 4i per Cent. 6B 4
Spanish Bonds, 3 per Cent 384 x d
Spanish Committee Cert. of Coup. not fun si 4i p c
Dividends on the above payable in London.
Dutch Exchange, 26 per Cent. 12 Guil
Ditto 4 per Cont. Certifieates .... .... 92A

Consols TWO O'CLOCK.
92i
Ditto August Account 94 3

-- --
THE LATE STABBING- CASE AT STANHOPE-STREET,
CLARE-MARKET.—Mr. Land, the house surgeon at King's
College Hospital, from inquiries made, found that the
unfortunate man, Barnard Corry, No. 121, F, who was
stabbed, was still in a very weak condition from the
great loss of blood, but great hdpes were' entertained of
his ultimate recovery, the wounds not being so deep as
Was first anticipated, and a very great change had taken
place for the better.
DREADFUL ACCIDENT AT DEPTFORDRAILWAY STATION.
--Yesterday morning, between 10 and 11 o'clock, some
men were engaged in cleaning some railway carriages
which were hoisted by a large machine, called a jack,
en their sides, when one of the carriages slipping, fell
over, crushing underneath it E. Baldock and Charles
Grey in a frightful manner. Medical assistance was
sent for, during which time every assistance was ren-
dered to extricate the unfortunate men, and after some
delay they were got out in a state of insensibility and
sent to Guy's Hospital, but from the severe nature of
tileinjur.ies very slight hopes are entertained of their
recovery
Tim OYSTER SEASOL—Yesterday morning Billings-
gate-market was opened for the sale of oysters, and
the supply of natives, commons, ard Old Barleys was
abundant. The oyster season, or " oyster fair, as it
Was formerly called, until a few years back, was annually
opened with great formalities by the Lord Mayor, as-
igsted by the Alderman and Common Councilmen of
Billingsgate Ward and the officers of the Corporation.
The ceremony being performed at midnight on the 4th
of August, a very great number of accidents occurred,
and several persons drowned, whilst in a state of intoxi-
cation, to prevent the recurrence of which the Court of
Aldermen altered the time of opening from midnight to
the morning of the same day. There were 17 oyster
smacks up yesterday morning from Colchester, Whit-
Milton, China Rock, Queenhorou
'l'
1
Medway, but the sale is now no uoveity, asgk'ren.eu and
Jersey oysters are imported the year through and for-
Warded to the metropolis by railway.

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