The Sun.
London, England, 1853-10-27 00:00:00

)CT. 26.

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MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, of which 1,500 American
were taken for export and on speculation. The
market was heavy, with but little alteration in
prices. The sales comprised 4,000 American, 200
Pernam and Maranham, at 61d. to 7;d. ; 70 Bahia,
at 6:gd. ; 700 Egyptian, at 6d. to Bd.; and 2,000
Surat, at 2d. to 41d. per lb. Railway Shares
were firmer.
The value of merchandise exported from. New
York during the week to the Bth inst. was 2,972,681
dollars, including specie. There was no material
alteration in bread stuffs, the high rate of freights
and the desire on the part of holders to await
further foreign intelligence, limiting operations.
Forgeries to the extent of about fifty thousand
dollars had taken place in Boston.
The works of the Frankfort, Wiesbaden, and
Cologne Railway were formally commenced last
month, and, considering the insufficient and uncer-
tain accommodation afforded to traffic by the steam-
boats on the Rhine, the speedy completion of the
railway is particularly desirable—a fact abundantly
proved by the expressed opinions of the inhabitants
of the districts that will be benefited. Of the
productiveness of this undertaking, seeing the
liberal spirit in which the Duke of Nassau has made
the concession, there cannot be the slightest doubt,
as the Wiesbaden line will form the connecting link
in the great chain of railways from Bale to Belgium
and Holland. The construction of the Lahn Rail-
way as a branch to the Wiesbaden is strongly advo-
cated by the German press. As far as the direc-
tors of the Wiesbaden Company are concerned, we
may rest satisfied that their practical habits and
known energy will not leave untried anything that
can promote the interests of their proprietory.
The Wildberg Great Consolidated Mining Com-
pany, having its seat of operations about nine Ger-
man miles from Cologne, is to be worked with
energy by a new company. The profit hitherto,
by the employment of only 30 miners, has been at
the rate of nearly 12,000/. per annum, and a trifling
addition to this force will, according to the state-
ment of the projectors, yield an immediate divi-
dend of upwards of 10 per cent., and of twice or
thrice that amount subsequently. The mines are
held in perpetuity, under a royal charter from the
Crown of Prussia, as a royalty, which practically
does not exceed 3 per cent.
A meeting was held yesterday at Stockton-upon-
Tees, at which C. Trotter, Esq., Mayor of that
borough, presided, for the purpose of forming a
company, and taking the necessary steps to obtain
an act, the next session, to make a railway from
Stokesby, in Cleveland, to that port. Its advan-
tages were fully& t Orth by the chairman, wh o pointed
out the magnitude of the traffic, especially the fact
that the iron, alum, and lime formations of the
Cleveland hills would be, if this railway were made
(and which will, we understand, be less than nine
Miles in length), profitably " reduced by the coals
of South Durham, although some of the parties in-
terested in other lines appeared to " censure by
faint praise." Resolutions were passed, and a large
sum was subscribed to get the surveys ready in
time to comply with the standing orders of the
House of Commons.
Notice has been given by the Honourable East
India Company that from yesterday the interest
upon its bonds is raised to 31 per cent. per annum.
It will be remembered that in May last the rate
was reduced to 2.l per cent. Nothing can exem-
plify more forcibly the rapid change that has come
over the Money Market.
The English Stocks are not sustained at the
highest point of yesterday, but are still compara-
tively firm owing to the easier state of the money
market, and th investments that have been in
progress. There is no political intelligence of a
positive nature, but a rumour now prevalent is
calculated to excite uneasiness, viz., that England
and France being undecided in their support of
the Sultan, that enlightened and patriotic Sove-
reign declines to grant a firman for the passage
of the fleets. Consols have been 92f, and
since 92A ft for transfer, but not lower than 92;1
for account. The New Three-and-a-Quarter per
Cents. have been marked 93g to and the Re-
duced Three per Cents. 911 to -g. Exchequer Bills
have been par to 35., and East India Bonds par
to ss. premium. South Sea Old Annuities are
worth 99. India Stock has been steady at 250.
Foreign Securities have been in moderate re-
quest, and there is a fair business doing in some of
them. Mexican have varied from 24 to h. Gre-
nada Deferred Bonds have been at Buenos
-Ayres at 57, and Brazilian at 98. Portuguese
Pour per Cents. are worth 40 to 1, and Spanish
Three per Cents. 44'4. Sardinian Bonds are 91!2 to
921. Dutch Four per Cents. are quoted 931. In
Russian Bonds there have been no transactions.
Railway Shares have been firm generally, and the
settlement of the account shows that " bearing"
Still predominates, although it has sensibly abated
Within the last fortnight, if we may judge by the
smaller charges made for allowing sellers to post-
Pone the delivery of shares. It may be true, also,
that shares once taken out of particular names and
"loaned," are allowed to be kept for a while on
easier terms. French Shares are quiet, but very
firm.

The Gold Mine Shares have been rather good
again with fair dealings.
The last week's railway receipts ascertained up
to this day are in round figures as under :

1853. 1852.
Great Western
North-Western ... 53,346 51,214
South-Western
Brighton 13,012 12,795
Midland
South-Eastern
Caledonian and Edinburgh and 15,871 14,499
Glasgow
Great Northern

The shares of the Australian Land Companies
have been a little firmer upon the settlement of the
account. The Australian banks are much the
same.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Front the Official List.) _ _

Business done
3 per Cent. Reduced Annuities 9IH
3 per Cent. Consols Annuities 924
New 34 per Cent. Annuities 934
raca' Annuities, Expire sth Jan., 1860 54 5-16
Ditto 30 Years, Expire sth Jan., 1860 5 9-16 7-16
India Stock
India Bonds, £lOOO . ...... 5 p
Ditto, under £lOOO par 5 p
South Sea Old Annuities
Consols for Account
Exchequer Bills, 2d.
£lOOO .
2500 ..
Small ..

par 3 p
par 3 p
par 3 p

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
/kenos Ayres Bonds, 6 per Cent 57
Chilian Bonds, 6 per Cent
Grenada Bonds, Deferred
Mexican 3 per Cent.
Portuguese Bonds, 4 per Cent 4O i
Sardinian Bonds, 5 per Cent.
SPanish Bonds, 3 per ;Cent 448
Dividends on the above payable in London.

- -
Dutch Exchange, 2i per Cent. 12 Gull 62?;
Ditto 4 per Cent. Certifieates . _,

HALF•PAST TWO.

Gus°ls
Ditto October Account 92
,i

MART RT NEWS-(THIS DAY.)

GENERAL AVERAGE PRICES OF BRITISH CORN
For the
Week ended Oct. 27, 1853, made up from the Returns of the
•LnsPeetors in the different Cities and Towns in England and wales,
Per imperial Quarter.
WHEAT. BARLEY. I OATS. 1 BYE. I BEANS. I PEAS.
68s 11d 1 40s 7d I 24s 24 388 44.1 45s 74 I 50s 7,1
THE SIX WEEKS' AVERAGE.
1711ZAT. I BARLEY. OATS. BYE. BEANS. I PEAS.
3 4-1 37s 10d 22s 6d I 373 9d I 43s 104 44s la

DUTIES ON FOREIGN CORN.
SEAT. I BARLEY. I OATS. RTE. BEANS. I PEAS.
Is Od is Od is Od lIsOdI is Od is Od

QUANTITIES OF GRAIN SOLD LAST WEEK.
Wheat, 85,066 ; Barley, 67,729 ; Oats, 12,489 ; Rye, 275 ; Beans,
4,587; Peas, 1,506 quarters,

TT A Y MARKETS.
,%frrnFlELD.—Meadow hay, 3/ 8s to 5/ 15s ; clover
'tto, 4/ Os to Cl 6s • and straw, 1/ 140 to 2/ 2s per load.
moderate supply, and a steady demand.
A,CUMBERLAND.—Meadow hay, 31 lOs to 51 18s ; clover
tto, 4/ Oa to 6/ Os ; and straw, 1/ 16s to 21 2s per load.
6.).uPply good, and trade dull.
~.VirrEcEr.A.PEL.—Meadow hay, 31 53 to Si 15s ; clover
uirn
_tt 4/ Os to 616 s • and straw, 11 14s to 212 s per load.
made rather dull.

MEAT MARKETS.
ITENVGA.TE AND LEADENHALL.—The general demand ruled steady at this market to-day, at full quotations :
Beef, from 2s 4d to 3s 10d • Mutton, 2s 10d. to 4s 8d ;
thelc
a3rc s 6d to 4s Ed ; Pork, is 4d to 4s 10d. per 81bs, by
ase.
SOUTHALL, OCT. 26.—To-day's market was fairly sup-
with each kind of stock, in which an average business
es, g. Beef, from 2s 8d to 4s 2d ; Mutton, 3s 4d to
81
8 '4l ; steall3tnk the offal.
ItOltrOßD, OCT. M.—Prime beasts, sheep, and calves
nloved off steadily at this market to-day, at very full
tatquotatiots • otherwise the demand was in a sluggish
~ :--Beef, from 2s 10d to 4s 4d ; Mutton, 38 Od Od ; Veal, 3s 4d to 4s 4d ; Pork, 3s 4d to 48 8d
°414. Qua,rter old Store Rigs, 21s to 21s each.

man,

FREE TRADE FREEHOLD LAND

SOCIETY.

In accordance with a resolution passed at the first
general meeting of this society, a meeting of the direc-
tors and members was held last night at the Whittington
Club, Strand, to ballot for the priority of members.
On the platform we observed, among a great many
influential gentlemen, Mr. J. Jones, Lieut.-Col. Dick-
son, Col. Si arr, J. Wyld, Esq., T. C. Grattan, Esq.,
Mr. G. Smith, &c.
Shortly after seven o'clock the chair was taken by J.
Wyld, Est., late M.P. for Bodmin.
The CHAIRMAN, in opening the proceedings, stated
that he did not intend to occupy their attention at very
great length, followed as he would be by a gentleman so
much more able than himself to lay before them the
objects for which they were assembled. Lately an im-
portant movement had taken place, and all and every
one would hail with delight the great good to be effected
by the establishment of the Free Trade Freehold Land
Society. There was no political object or opinion to be
worked out, but all creeds were invited to join. The
Chairman then entered into a statement with respect to
the value and importance of land. He would not detain
them any longer, but would call upon Mr. Martindale
to address them.
Mr. S. M. MARTINDALE then at some length en-
tered into the details of the Free Trade Freehold Land
Society, the mode of drawing, the situation of the
two estates, one at Camberwell and the other at
Beekinghate, in Kent, and said that this society had
been formed for two objects ; the first was to enable
persons to obtain freehold land, and thereby the county
franchise; the second, to afford to all a secure and pro-
fitable investment for savings. The society being esta-
blished and enrolled under the Friendly Societies' Acts,
there was no personal liability beyond the subscriptions
on the shares subscribed for, as the opinion of John
Tidd Pratt, Esq., the barrister appointed by the Govern-
ment to certify the rules of such societies, will fully con-
firm. It was to the effect, that the members of a bene-
fit building society cannot be held or made liable, as
shareholders, for any debts or engagements of such so-
ciety. This society differs from other similar societies in
the following particulars :-Ist, Its shares were 401.
each, so that one share would purchase a freehold, other
societies being too high or too low. 2dly, The allot-
ment of the estates as proposed was more favourable to
subscribers than in other societies. Lastly, Politics are
entirely disclaimed, and every subscriber was perfectly
free to act on his own judgment.
Various other minor details formed the closing topics
in the statement, which was listened to with much
attention. 1

Mr. CANNY then moved the first resolution, to the
effect that freehold land societies have been proved
by experience to be a safe and profitable mode
of investment, and calculated to promote the welfare
and independence of the middle and working classes,
and at the same time to advance the interest of landed

proprietors.
Mr. T. C. GRATTAN seconded the resolution, which
having been put by the Chairman, was carried unani-
mously.

Mr. G. SMITH briefly moved the second resolution, as
follows :—" That this meeting is of opinion that the
principles on which the Free Trade Freehold Land
Society is conducted, peculiarly fits it to secure the
benefits contemplated in its formation, and renders it
worthy of general support.
Colonel STARR, in seconding the resolution, dwelt
very forcibly upon the benefits to be derived by the join-
ing of institutions like the present. He could well con-
ceive the pride with which a man, when he had an
allotment, placed his foot upon the ground, and said,
"This is my own." He concluded by calling upon the
ladies to urge upon those connected with them the im-
portance of becoming the possessor of a stake in the
country.

The CHAIRMAN having put the resolution to the meet-
ing, declared it carried unanimously.
In answer to a question put by an individual in the

body of meeting,
Mr. JENKIN JONES said the question with respect to
the grouping of shares was under the consideration of
the executive committee, and when a conclusion had
been come to, a meeting would be called, and proposi-
tions would be submitted for the consideration of the
shareholders, and the executive committee would be
governed by the result.
Upwards of 300 shares were then subscribed for from
among the gentlemen present, making in all more than
1,200 shares taken up since the establishment of the
society, on the 15th of August last.
Scrutineers having been chosen from among the body
of the members present, the ballot was proceeded with,
and the numbers were announced as they were taken
from the box.

A vote of thanks having been proposed to the chair-

Colonel DICKSON, in seconding it, said he could
not sufficiently thank Mr. Wyld for the kind man-
ner in which, at a moment's notice, he had taken the
chair, and for the patience he had shown during the
necessarily tedious proceedings of the evening. He was
sure the meeting would agree with him in releasing Mr.
Wyld from the chair, which would be occupied by one
of the commiteee till the conclusion of the business.
Colonel Dickson thanked the meeting for the patient
hearing they had given to the proceedings of the evening.
He hoped the next time he had the honour of meeting
them the society would be in a still more prosperous
condition, and that no effort on the part of the committee
would be wanting to further the objects of the society.
The vote of thanks was then carried unanimously.
The balloting then recommenced, and at its conclusion
the proceedings ternolinated.