The Sun.
London, England, 1854-05-20 00:00:00

THE SUN, LONDON, SATURDAY EVENING, MAY 20, 185 4.

MONEY MARKET

AND
00AIMERCIAL ELLIGENCE.

CITY, TWO o'CLOCIt.
There was a fair demand tor cotton at Liver-
pool yesterday) but the market continued without
animation. Sales 6,000 bales, including 1,000
on speculation. Railway shares were firm.
Some interesting particulars of the tallow mar-
ket are supplied in the tolloWing domrthinleation
from Messrs. Smith and Charles :
" The Petersburg advices to-day are to the 29th April
(11th May). Since the last mail from 4to 500 casks
had been taken on the spot, at 130 and 131, and 400 iis
the interior at 125 and 126. It is mentioned that the
cost of land carrbsge was likely to increase, and that in
consequence of the heat it would soon be difficult to
carry tallow on wheels. There were buyers of tallow
delivered at Koona at 165 Rs., higher prices being de-
manded.
" The chief point of interest in relation to future sup-
plies of Russian produce is, of coarse, the prospects of
carriage overland to the neutral ports. On this subject
there is no further information to-day, beyond the opi-
nion expressed in the letters from Petersburg quoted
above. It seems, however, highly probable that the
difficulties have been underated in many quarters ; and
as one proof of this, it is maintained that they must be
great, inasmuch as tallow which left Petersburg six
weeks ago has not yet arrived at Memel."
The effect of the Australian bullion arrivals in
supplying the means of retnittan e to the Continent
is observable in the weekly return of the Bank of
England, made up to Saturday last, for although
the discounts largely increased, and the private
balances were drawn upon, the diminution of specie
was but trifling. The Bank, however, in order to
contract its circulation, and encounter the demand
upon it, sold Government securities very largely,
and was assisted in some measure by the increase
of public deposits. Compared with the previous
return,public
:eeeeperraeoeaslas:a t. ions are as follow :--
Active circulation £21,143,990
Decrease
Bullion 12,589,366
D 18,713
3,214,897
In crease 10,035
2,748,437
1409,615
Other Deposits 10,587,010
Decrease
Seven-Day and other Bills
Decrease
Government &cmities 11,625,492
Decrease 941,115
Other Securities 15,144,039
Increase
Notes unernpleyed 4,713,280
Increase
The steamer Colombo, of the Peninsular and
Oriental Steam Navigation Company, takes out
122,6311. to-darf from Southampton, of which all
but 18,4061. is :n silver, and the bulk for China.
There was at improvement yesterday afternoon
in the rates of exchange upon all the principal
continental citiis except Paris, which was taken at
25 25 to 27i fo7 90 days' paper ; Amsterdam was
at 11 151 to 1€ Hamburgh at 13 51 to 6 ; and
Trieste at 13 5( to 55.

Rest

The treaty between her Majesty and the Argen-
tine Confederation for the free navigation of the
rivers Parna and Uruguay was ratified at Parana
on the 11th of March, and seems clearly to define
the purpose intended.
The number of gallons of proof spirits on which
duty was paid for home consumption in Ireland
during the year 3ndina the sth January last was
8,136,632. The number of persons detected in
offences against the laws for suppressing illicit dis-
tillation was 2,740, while in the year 1853 it was
2,904. The number of persons confined in the
several jails for the same causes was 293 last year,
or not much more than half the number in 1853.

The ship liaigaroo has arrived off the coast from
Port Philip witi, 10,111 ounces of gold on board.
She does not bring later dates.
The United states Mail Steamer, Union, has
arrived with dams of May 6 from New York, and
1,500,000 dollars in specie, principally for the
Continent. He: letters are just delivered. Public
Securities were rather unsteady. Flour was
steady. Ord. to choice state 8 to 8i dollars.
Cotton drooped Freights were dull. Cotton to
Liverpool 5-16 d. Continental and British fabrics
were languid.
The transfer books at the Bank of England close
as follows :—Consols, 3 per Cents., 2i per Cents.,
New 5 per Cents., and the Annuities of 1860 and
1880, on the 7th June. India Stock, the Bth. The
re-opening will take place July 19, except for
India Stock, in which transfers will be resumed
July 13.

Business in. the Stock Markets is extremely dull
this morning, most parties being absent, and having
taken advantage of the fineness of the day. Con-
sols have realised 89i to for transfer, but have
gone back to 89 and 881 for account. Exchequer
bills are 2s. discount to ls. premium, and East
India Bonds 12s. discount. The New 31 per
Cents. have been 881 to 89. The intelligence
from the seat of a war is not of a nature to produce
material fluctuation.

Although the market for English Railways is

not very brisk, the quotations are well maintained.
Great Northern have been a shade better, and also
South Eastern, York and North Midland, North-
Western, and South-Western. Caledonian are
about the same. The French lines are much
quieter, and not quite so buoyant. Luxembourg
Constituted Shares have improved.
The Gold Mine shares are neglected, but Agua
Fria have been dealt in at the previous rates.
Foreign Stocks have been as dull as our own.
A few bargains have been entered into in Spanish,
at 384 to 39 for the 3 per Cents., lig to 194 for
the Deferred, and 34 for the Committee's Certifi-
cate. The idea of making a forced loan is stated
to be still entertained at Madrid. Dutch 4 per
Cents. have realised 871 to 88k, and the 24 per
Cents 594. Nothing has been done in Russian.
The Shares of the Joint-Stock Banking Com-
panies are generally higher again, Australasian
having risen about 21., and Oriental 11. to V.
The Australian Agricultural Land Shares are rt
shade lower, but South Australian are at full rates.

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

Pupa', ASS done
i per Cent. Reduced Annuities
3 per Cent Consols Annuities BB 7i
89 ,
New 31 per Cent. Annuities BBi 9
[ndia Bonds, £lOOO
Ditto, under £lOOO l2 d
Consols for Account i_th June
Exchequer Bills, 2d.
£IOOO
£5OO 2 d 1 p
finial'
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Spanish Bonds, 3 per Cent 3B} 94
Spanish New Deferred, 3 per Cent. lBi 191
Spanish Committee Cert. of Coup. not fun. 3i

Dividends on the above payable in London.
Dutch Exchange, 2i per Cent, 12 Gull 594
Ditto 4 per Ceut. Certifieates ....„
TWO O'CLOCK.
Consols B9
89k 9
Ditto illll4o Account