The Sun.
London, England, 1853-10-18 00:00:00

MONEY MARKET

AN D
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 2,500 American
were taken for export and on.tspeculation. The market
closed firmly without alte ration in prices, except
American, at Md. to 6±d.,, which were Id. per lb.
higher. The sales comprised 6,500 American, 300
Pernam an Maranham a t bid. to 7-id., 30 Bahia
at 6 d., 200 Egyptian at 6-id. to 81d., 700 Surat
at 20. to 4-id., and 40 t Sea Island at ls. 6d. to
ls. 9d. per lb. Railway S Jlares were dull at lower
prices.

A vessel, the Undine, hr is arrived from Van Die-
man's Land. She brings dates to June 16, but
whether there is any gold on board is not yet as-
certained.

In the accounts from M mico there is some inte-
resting information respec sing the grant of land to
the American Company, and Mr. Gadsden's in-
structions thereon. The Eco del Comercio of Vera
Cruz, observes :

" "We already intimated, in our editorial of the day
before yesterday, that if the good result of the mission
which the American Minister proposes to affect at this
government is to influence th e harmony and concord of
the relations which exist between Mexico and the re-
public of the North, we see that it is very possible those
relations-may alter, because the projected propositions
can by no means be made agreeable to Mexico.
"In the first place the concession of a strip of our
territory at the thirty-second degree of latitude, for the
purpose of constructing for the United States a railroad
to put them in communication with their possessions in
California, presents inconveniences of such a nature
that the imaginary advantages of which the use and profit
of the road -would be in common to both countries
neither offer nor can offer an adequate compensation to
the prejudicial effects which Mexico would sustain, even
without referring to the question of many accessory
complications, but supposing the proposition limited to
the concession of the land.

"The Echo then proceeds to grant, that under the
faithful administration of the affairs of the road the
government of Mexico, in common with that of the
United States, would enjoy the advantages of conduct-
ing troops, correspondence, baggage, provisions, and
anything else required for the public service, at half the
usual rates, as well as other advantages. But on the
other hand it contends :

"With the cession of the land for the railroad the
government would not secure advantages for Mexicans.
Our relations with the northern republic by land are
reduced to nothing, and it cannot be otherwise when
Mexico wants interior roads by which to convey, at
little cost and with speed, the products of the United
States consumed in our country. . .

"And it proceeds to argue that as at present, neither
by way of Matamoros nor through El Paso, foreign
imports are introduced into Mexico, for the reason just
assigned, so they would not be introduced by the rail-
way, but still by Vera Cruz and Tampico.
" Surely here is a cause for deep reflection on the
narrowness of the scope with which such a vast under-
taking as the Pacific Railroad is regarded in the very
Country of all others whose salvation depends on the
Power of its inhabitants to appreciate and prosecute
corresponding and subsidiary undertakings.
"The Eco goes on to say that for the Mexican Go-
♦ernment to consent that such a people as the Americans
should traverse its most thinly populated and undefended
frontier, would be tantamount to consenting to the loss
of the nationality of the people. That is a fear that
may as readily be excused as it may be removed by ap-
propriate provisions.
"After this the Eco overthrows its own objections as
to the possibility of introducing imports into Mexico by
the railway, by admitting that with all the difficulties
and expense smugglers would do it to such an extent as
to keep the treasury empty."

The transactions in the English stock market
have been principally for money, and advantage is
again taken of the decline that has occurred since
last week to make investments. It begins to be
admitted, therefore, that an energetic course of
action would not be a subject for fear, and that war
has no terrors to powerful nations united as are
England and France. Consols have been NI for
Transfer, and 91i for Account. The present rates
are about 914 -3, after having been rather sellers at
914. Bank Stock is quiet at 216 to 218. The
South Sea New Annuities realise 1004. The New
Three-and-a-Quarter per Cents. are 92s to I, and
the Three per Cents. 901 to 905. Exchequer Bills
have been quoted 4s. to Bs. premium, and India
Bonds ss. discount.

In the Foreign Bonds there is very little doing.

Mexican are steady at 24, and Equador have risen
to 51 Chilian Six per Cents. have been quoted
1001, Buenos Ayres 58, and Brazilian New Four-
and-a-Half per Cents. 961. Spanish New Deferred
Stock is worth 211. Dutch Two-and-a-Half per
Cents. are 631.
In English Railway Shares there has been much
less doing, and the quotations, consequently, pre-
sent no change of importance. Great Western are
rather better, and also Caledonian ; South-West-
ern are somewhat feeble. Norfolk are well sus-
tained. The French lines have been steady, al-
though not active. Namur and Liege are well
supported.

The Australian Gold Mine Shares have been
quiet. The Imperial Brazilian have advanced.
The shares of the Australian Agricultural Land
Company are still in request. The Peel River also
are good.

BRITISH FUNDS THIS DAY.
(From the Official List. )
Business done.
Bank Stock
3 per Cent. Reduced Annuities. .....
3 per Cent. Consols Annuities 9IH 4
3 per Cent. Annuities, 1726
New 3i per Cent. Annuities 92
Long Annuities, Expire sth Jan., 1860 5 5-16 3-16
India Bonds, £lOOO
Ditto under £lOOO 5 d 4 p
South Sea New Annuities
per Cent. Annuities, 1751 looa,
Console for Account
Exchequer Bills, 2d.
£l000
£5OO 4 8 p
Small 4 8 p
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per t'eut
Ditto New, 1852, 4 4 per Cent 96.E
Buenos Ayres Bonds, 6 per Cent 5B
Chilian Bonds, 6 per Cent.
Equador Bonds
Mexican 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £ St
Ditto 44 per Cent 97
Spanish New Deferred, 3 per Cent. 2li
Dividends on the above payable in London.
Dutch Exchange, 21 per Cent. 12 Guil 634
Ditto 4 per Cent. Certificates ......
THREE O'CLOCK.

Consols 9li i
Ditto October A ceount 9l I

MARKET NEWS-(THIS' DAY.)

COLONIAL.

- - -
SUGAR. —There are no public sales to-day, but the
market looks rather heavy. Refined low brown lumps are
44s &I to 455, and scarce. A cargo of yellow Havana, No.
114, has been sold at 22s 9d. The quantity of British
Plantation landed last week at the East and West India
Docks was, 1,569 hhds, 135 tierces, 779,barrels; there were
taken for home consumption 1,405 hhds, 151 tierces, 736
barrels. The stock in the same places is, 13,327 hhds,
2,169 tierces, 4,552 barrels.
COFFEE.—There is no change. Native Ceylon is at 46s
to 46s 6d per cwt.
COTTON.—This article is in more demand, and firmer.
Rini.—The quantity landed last week at the East and
West India Docks was, 436 puns, 15 hhds ; there were
taken for home consumption 210 puns, and exported, 65
Pon% 8 hhds. Tho stock in the same places is, 9,306 puns,
461 hhds.
RICE.—Of 1,740 bags Bengal offered by auction, only
410 bags sold at 15s to 15s 6d, the rest being taken in at
16s to 16s 6d for fine. 1,730 bags Madras were all taken
in at 13s 6d to 14s, and a few lots at 14s 6d for pinky and
C°rrioga grain.
SALTPETRE.---At auction 1,750 bags Bengal partly sold
at 303 to 30s 6d for fine, 11 to 3A per cent. refraction.
TALLow.—P.Y.C. is 58s 6d per cwt on the spot, and
Town 62s Gd.
TE-L—The market is firm.