The Sun.
London, England, 1853-12-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool on Saturday
were estimated at from 5,000 to 6,000 bales, of
which 500 were taken on speculation. The market
closed steadily, without alteration in prices. The
sales included 400 Egyptian at 6d. to 71d., 700
Surat at 20. to 414., and the remainder nearly
all American. Railway shares were steady.
The railway meetings announced are the fol-
lowing :

Company. Date. Place, &c.
Charleroi and Erquelines ... Dec. 22, Charleroi.

Eastern Counties
Eastern Union Dec. 16, Radley's Hotel.
Great Luxembourg Dec 14, London Tavern.
Ditto
Lake Constance and Basle Dec. 27, St. Gall.
Norfolk
West Flanders Dec. 13, 61, Moorgate-st.
Ditto

The New York advices state that there was
rather more activity in stocks though there had
been a heavy decline in prices. The money mar-
ket was again becoming tighter in anticipation of
large exports of specie. The banks were likely to
restrict their loans on call. The last weekly re-
turn of the New York City Banks showed a de-
crease in specie of 348,128 dollars, and an increase
in discount of 1,084,908 dollars. The deposits in-
creased 1,226,652, and the circulation 781,326 dol-
lars. The cotton market was very firm. The ship-
ments of specie from the sth to the 20th ult.,
amounted in the aggregate to 2,666,189 dollars 29
cents., which were made in the face of sterling ex-
change ruling at 9to 9i per cent. premium. The
current quotations for the best bills on London
were from 91 to 10 per cent., and the future ship-
ments of specie are likely to be larger than those
imported above. In December last year, the
export amounted to 1,180,305 dollars. This year
it will probably be quadruple that sum.
The Illinois from San Francisco had arrived with
1,079,955 dollars in gold dust. The mining news
was satisfactory, and new diggings had been found
at various places. Flour was active at firm prices,
and provisions were in moderate request. The
Prometheus had arrived with 1,754,868 dollars
from San Juan de Nicaragua.
Although the letters and papers by the steamer
Victoria have not been delivered sufficiently long to
enable a precise opinion to be formed of their contents,
it is understood that from most of the Australian
colonies the commercial reports are more satisfac-
tory, and when the roads are open again there is
very little doubt of the consumption rapidly
absorbing the stocks on hand, provided the
imports do not continue excessive. As the
accounts reach to the 20th of September, the
colonists must have been aware of the large supplies
still on the way from England, and consequently
the maintenance of firmness in prices is a fair ground
for the hope of greater activity ere long. One cir-
cumstance will illustrate the uncertainty of the
markets. A short time since the imports of flour
were, temporarily, so far beyond the demand, that
a portion was shipped to England, and although
it was explained that this was partly sour, the
rapid decline in prices was such as to preclude the
idea of very large profits. Now we are told that
the supplies will soon be absorbed, and that prompt
measures should be taken to secure a steady im-
portation from America, as none of the colonies
can furnish enough. The gold production at the
Victoria, as well as at the Sydney mines, was in-
creasing so rapidly, and was being conducted with
so much skill and system, that an increased yield
is almost certain.

There has been a very quiet market for public
securities, and prices have been unaffected by the
intelligence of the defeat of the Turkish fleet.
Consols have realised 958 to a for the Account. The
New Three-and-a-Quarter per Cents. have been
978 to and the Three per Cents. 951 to f. Bank
Stock is worth 224, being a further slight ad-
vance. Exchequer Bills continue firm at 6s. to 9s.
premium. The arrival of specie this morning is
between 800,0001. and 900,0001.

Foreign securities have been likewise very quiet.
Spanish Certificates are at 512., and the Passive
Converted is worth 4i. Portuguese Four per
Cents. have been quoted 42. Peruvian are 70 to
70. Mexican are dull, at 24. The intention of
trying to ascertain if Nitrate of Soda cannot be
extensively imported from Mexico for the benefit
of our agriculturists, ought to improve the value
of the bonds. Brazilian Five per Cents. have
been quoted 98k. Belgian Four-and-a-Half per
Cents. have been quoted 96g. Russian Four-and-
a-Half per Cents. have been at 95/ ft.
The Railway Share Market has been without
any change of importance, but with rather more
activity as regards the English lines. The Belgian
lines are firm, though quiet, and also the French.
The Gold Mine Shares have been in moderate
request.
The Joint-Stock Banks are nominal.
There is a dezline in the Peel River Gold Mine
Shares upon the statement in the Sydney accounts
that it has not been doing well. Australian Agri-
cultural are likewise cheaper.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( Prom the Official List.)
Business done.
Bank Stock ... 22li
3 per Cent. Reduced Annuities 9si 3
3 per Cent. Consols Annuities shut
New 3i per Cent. Annuities 971 $ if
Consols for Opening 18th Jan. 9ss a a
Exchequer Bills, id.
£l000
2500 6 9 p
Small 6 9 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Mexican 3 per Cent.
Ditto for the Account 2si
Peruvian Bonds, 4i per Cent. 7O
Portuguese Bonds, 4 per Cent 42
Russian Bonds, 1822, 5 per Cent, £ St
Ditto 44 per Cent 9Ba 4
Spanish Bonds, 3 per Cent —
Ditto Passive (Converted) • 44
Spanish Committee Cert. of Coup. not fun. 5,: p c
Dividends on the shove payable in London.
Belgian Bonds 4i per Cent. cx. 25 fr
HALF-PAST T WO.
Consols for Opening' 18th January 9si i x d