The Sun.
London, England, 1854-07-01 00:00:00

MON E Y MARKET

AND

COMMEECIALINTELLIGENCE.

,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.
A Parliamentary return has been issued relative
to the imports and exports of copper into and from
London during the year ending January 5. During
that period 45,285 tons of ore were imported into
the United Kingdom, of which 4,759 tons were
from Spain, 2,676 tons from South Australia, 607
tons from the East Indies, 540 from Van Diemen's
Land, 1,322 from New Zealand, 14,606 from Cuba,
13,342 from Chili, and 3,373 from Peru, and the
rest in smaller quantities from other places. The
total quantity of British copper exported was
15,632 tons, and of foreign copper 1,783 tons.
The British copper was principally sent to the
HanseaticTowns, Holland, Belgium, France, Italy,
the East Indies, the United States, and Brazil ;
while the greater portion of the foreign was for-
warded to Holland, Belgium, France, and Italy.
The total import of tin during the year was 2,487
tons, and of tin ore and regulus 156 tons. The
export was 1,277 tons of British and 1,072 of foreign.
Zinc was imported to the extent of 23,41 S tons
19 cwt., chiefly from Prussia, the Hanseatic
Towns, and Belgium ; and the exports were
3,181 tons 18 cwts. of British, and 9,461 tons 4
cwts. of foreign, mostly to France, British South
Africa, the East Indies, Australia, and the United
States.

The number of ships preparing to enter outwards
for Port-Philip, according to Mr. Miller's list, is
45 of 25,033 tons ; and to New South Wales, 24 of
17,593 tons.

The " Statistics of Fire Assurance," by Hyde
Clarke, Esq., is the title of a very interesting
and at the same time well condensed statement
that has been privately circulated. The object is
to obtain au abolition or reduction of the tax upon
such assurance, and the author states that he has
for many years submitted proposals to the
Government with this view. It is remarked that
in Norway and some other countries assurance
against fire is compulsory, every householder hav-
ing to contribute to a common fund, from which
he is compensated in case of loss. Our own im-
pression is that private corporations established in
I England are more secure and effectual ; but with
regard to the compulsory principle, we believe it
would inflict no hardship, because it would be in
the interest of the parties themselves the most into-
rested. If this were carried out, their might, ac-
cording to the author, be a gradual reduction in
the duty to ls. per cent., without trenching up—on
the present revenue obtained by the Government.
The value of farming stock insured in England is
stated to be nearly 61,000,0001., and the following
will show the total :

' General Fanning
Assurance. Stock. Total.
..X £ X
England 762,903,000 ... 5G,036,000 .:. 813,911,000
Scotland 48,405,000 ... 1,395,000 ... 52,800,000
Ireland

Total 843,906,003 -... 60,984,0)0 ::: 909,889,000

Tile increase in the amount of bullion held by
the Bank of England during the week the week to
the 24th ultimo, is fully what was stated four days
since under this head, and there is a large augmen-
tation likewise in the reserve of notes. This
makes a sensible increase in the assets of the
Bank within the last fortnight. The discount
buSiness was slightly larger. In. the amount to
the credit of the public treasury there was a de-
cided increase, partly the result, it may be inferred,
of the arrangements with Messrs. Rothschild for
issuing the second series of Exchequer Bonds. The
decrease of other deposits corroborates the impres-
sion as to money having been still in demand.
Compared with the previous week, the changes
are as follows :
Active circulation... £19,614,235
Decrease 86,340
Bullion 13,869,975
Increase 760,598
3,202,523
Increase
Public Deposits 4,852,805
Increase 1,640,423
Other Deposits
Decrease
Seven-Day and other Bills
Decrease 62,126
Government Securities 9,851,250
Increase
Other Securities 15,584,007
Increase 209,770
Notes unemployed 7,513,400
Increase
845,700
The Bankers'
Magazine for July contains special
articles upon all the interesting topics of the day,
treated in a lucid style, and valuable to the classes
for whom it is more particularly intended.
There was a slight improvement yesterday after-
noon in the rates at which bills of exchange upon
the Continent were yesterday negotiated here.
Paper at 90 days was quoted 23 25 to 30 on Paris,
11 17 to 171 on Amsterdam, 13 51 to 6 on Ham-
burgh, and 12 52 on Trieste.
The amount of gold exported from London direct
during the week to Thursday last was 2,870 ounces,
and of silver 116,571 ounces, all to the Continent.
The English Stock Market has been very quiet,
and with prices scarcely so high, in the absence,
however, of any important news from the seat of
war. Consols have been 94k, and since 93g. The
Now Three-and-a-Quarter per Cents, have realised
94 to 94k, and the Three per Ceats. 933 to 94.
Bank Stock •supports the advanced price of 208.
Exchequer Bills have been at Is. dis. to 2s. prem.,
and India Bonds at par to 3s. prem.
Foreign Stocks have been very inactive again,
and prices remain without any particular change
except Peruvian, which are maintained at the ad-
vanced quotation of 68 to 69. Mexican Stock is
at 243. Equador at 4, and Brazilian small at par.
Spanish Deferred have been at 191. ex div. Dutch
21 per Cents. have been at 59i ex div.
The following are the nominal prices of foreign.
stocks :—Grenada Deferred Bonds, 6± to 61; Peru-
vian 3 per Cents., 51 to 53; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 98 to 100 ; do. 4i
per Cents., 83 to 85 ex div. ; Spanish 3 per Cents.,
381; to 39k; ditto Certificates, 4/ to 4/ ; ditto Pas-
sive, 4 to 4f.
ailway Shares have been all lower again, and
the speculators take, advantage of the settlement
being over to operate for a fall, the market rise,
however, that has recently occurred inducing sales
for the realisation of profits. French shares have
been firm. On Paris and Lyons 41. more is quoted
as paid up, on Royal Danish 3/., and on the Zealand
21., the last named being now filled up in full, and
being at 4 discount.

Rest

Theme have been one or two bargains in the gold
mines at previous rates. - The accounts received by
the United Mexican Mining Company are consi-
dered very satisfactory.
The Joint-stock Bank Shares are dull.
Australian Agricultural Shares are rather dearer
again. Crystal Palace are heavy.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
(From the Oficial List.)

Business done.
Sank Stock
3 per Cent. Reduced Annuities 94 31
3i per Cent. Annuities
India Bonds, .£lOOO. ...........
Consols for Opening 19th July
Exchequer Bills, 24d.

£lOOO - -
.. 1 d 2 p
£5OO 2 p
Small par 4 p
PRICE OF FOREIGN FUNDS TH IS DAY.
trazilian Bonds, 5 per Cent.
Ditto Small , 100
Equador Bonds
siesican 3 per Cent.
Peruvian Bonds, 4i per Cent.
Ditto for the Account
Peruvian 3 per Cent.
Ditto for the Account.,
Russian Bonds, 1822, 5 per Cent. £ St
Ditto for the Account 99
Spanish Bonds,l3 per Cent 391
Spanish New Deferred, 3 per Cent l9l-
Divhiemis on thejtbovo payable in London.
Dutch Exchange, 2i per Ceut. 12 Guil s9i d

69 8

52i

TWO 0' C LOCK.
Consols for Ow,niug 19t1t July

TILE CIVIL SERVICE.-There are two vacancies in the
Audit-office, Somerset-house, caused by the death of
Nathaniel Hearle. senior examiner,
second class, and
the resignation of T;Paynton Pigott, assistant examiner.
Messrs. John Thatcher Thomas Mooney, Thomas Den-
ton, G. A. Mathew, W. H. Glover, Lewis Irving,tWil-
Earn Fraser, Thomas F. Howell, T. W. Taylder, J. B.
Lewis, and Charles Weedon, have been appointed tem-
porary clerks in that department. Mr. F. J. Smith
has been promoted from the fourth to, the third class of
waiters, London. Mr. G. D. Lefroy has been promoted
from the fifth to the fourth class of landing-waiters,
London. Mr. E. J. Doherty has been promoted from
a fourth to a third class clerkship, Cork. Mr. B. B.
Galbraith has been promoted from the fifth to the fourth
clerkship, Cork,--Civil Service atcate.