The Sun.
London, England, 1853-10-07 00:00:00

SCOTLAND.

We regret to say that cholera has made its appears°,
very decidedly in Scotland. On Monday evening a °if
man walking along Minto-street, Edinburgh, suddoniZe.
dropped down ; on being carried to the Infirmary 81,
was pronounced to be labouring under a severe att./ 0..,
of cholera, and was immediately sent to the cholerii;
hospital. The case has not as yet proved fatal. 'i
Tuesday, however, a fatal case occurred at Leith • ale rinn,
."'
ther is reported from Glasgow; and athird from Coldilli
ham, in Berwickshire. One death took at Donse
a few days ago ; and from the fact that medical assist
ance was sent for to Edinburgh from that town on Tile!:
day, it is to be feared that other cases have made their
appearance there. Three fatal cases, we have been iv.
formed, also occurred on Monday at.a villege near Vir
lithgow—two of the parties seized being colliers, and the
a
third a pauper. Four persons have also been attacked
at the village of Armadale, near Bathgate—the first 0:1
a woman of about 60 years of age,
in 24 hours ; the third
was
a 1 a_ n ofa.1 sheanb—out
mentioned woman—he also air
age,hoursa
n;
dt htehfes etechnoesnedfi
sprto_4Odieyde ai rns 9jf
was a son o
within 18 hours. A man who lodges in the house if
which the second case happened has also been attack!:
In two of these cases, we are informed, chloroform '7/7„
used ; it allayed the spasms, but although the patienr.
were kept under its influence fully half an hour, the 00'
lapse went on to a fatal termination. Scotsman.

EMIGRANT SHIM.—
Wright, emigrant shipsT,hfertaLs
IG.vreerepnomoiattioanNdetwheylosaruticc
have had cholera amongst the passengers. The forl3le!
was lying in the Mersey, outward bound, when the er.
demic appeared, and all were removed to the workhoto;
at Liverpool. Up to yesterday morning 24 fatal cal had occurred. The Isaac Wright (as before report
met with an accident off the coast of Ireland, and W
compelled to put back to the Mersey, but it has been
stated that nearly 50 victims were committed to the deLel;
0
before she made the port. The passengers on board
~
Isaac Wright complain very much of the treatment tlier.Y,
received on board. They were unanimous in the asse t
,
tion that the water was bad, and quite rotten, and tb3
it induced sickness ; that only one-third the quantil
both of water and meal, was meted out to them, ant,
that they could not get the water boiled, except on Pay..
meat of 6d. the quart to the cook. They also complai%
of the surgeon, who had not only been very inattentivs,
but had used the coarsest and most disgusting exPr4
sions to the female passengers who had been taken
Captain Schomberg's (the Government emigration coirwer
to
in Liverpool) attention has been called to the statements
of the passengers, and it is stated that he will cause an
investigation to be made. From a return of the
master of Londonderry, it appears that on board :j
barque Virginia, from Gottenburg to New York f,'"4
New Orleans, there have occurred, between September
the 4th and September the 30th, eight deaths fro
cholera.

ERRATIIM.—By an oversight of the reader " honor,si
of war, instead of horrors, appeared in the first lead"
article of yesterday.

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOOZ.

The sales of cotton at Liverpool yesterday
were estimated at 5,000 bales, including 500 Surat
taken on speculation. The market closed heavily,
with little or no change in prices. The sales com-
prised 3,500 American, 160 Pernam and Maran-
ham at 61d. to 8/d., 100 Bahia at 6'r-d. to Old.,
100 Egyptian at 7d. to 9d., 1,000 Surat at 3d. to
4d., and 30 Sea Island at Is. 6(1. to 2s. 10c1. per lb.
The Railway Share Market was very excited, and
the fluctuations were violent, closing 1-s- per cent.
under the opening prices.
In the produce markets this week the political
news has had some effect. In iron, however, there
is an advance, owing to the increasing demand and
the large reduction of the stock at Glasgow com-
ared with this time last year. Tallow has been
higher than at any previous period. In sugar
there has not been a large business done, but coffee
has been tolerably firm. In cotton there has been
very little doing. The indigo sales have com-
menced, and some descriptions have gone rather
higher. Tea at the public sales has not been very
active. Hemp has been at advanced rates.
The good shipping Bengal indigo from ss. 9d. to
6s. 3d., sold yesterday afternoon with spirit, at 3d.
advance on July sales; very ordinary and good Kur-
pah maintained their value, but the middling sorts
and ordinary Madras are lower; 360 chests were an-
nounced as withdrawn; 1,437 chests passed, of
which 440 were withdrawn, 465 bought in, and
532 sold. Total passed, 4,265.
The following observations upon the money mar-
kets of Europe and America are from a New York
contemporary :--
"The cause of the present stringency in the money
markets of the United States and Great Britain is sim-
ply overtrading. We have imported too largely, and
Great Britain has exported too largely. That these
movements so opposite should produce the same results,
may appear strange, but it is nevertheless true. We have
run too deeply in debt, while Great Britain has trusted
too large an amount on too long a credit. This is the
trouble, and both nations must have time to extricate
themselves from the embarrassments with which they
are surrounded. Both have overtraded to a certain ex-
tent, but it has been in legitimate lines, and the channels
of trade are clear from all obstructions of a serious cha-.
ratter. We have only to keep quiet for a time, to rest
a little, and allow things to recover from the great ten-
sion they have so long laboured under.
"The advance in the rate of interest by the Bank of
England to four per cent. should not create an alarm in
the public mind. It may for a time check
.the invest.
ment of English capital here, and it is possible may to
a moderate extent call home capital already invested in
this country, but it can only be temporary. The rate of
interest on this side of the Atlantic rules too high, and
foreign capitalists have too much confidence in the cha-
racter of our public securities to make any very great
change in their investments. It may be many years
before the rates of interest ruling in England and in the
United States approximate much nearer than those
now current, but it is pretty certain that they will
never again be much farther apart. We are too
closely connected in our financial and commercial ope-
rations, and by the improvements in steam navigation
too near neighbours, to permit such a wide difference
in the value of money to continue much longer. It is
not likely that the rate of interest in England will
come up to that now ruling here, or that ours will come
down to that now ruling in London, but they will gra-
dually, but steadily, approach each other, until the rate
in each country will vary but the smallest fraction. It is
entirely out of the question- for such extreme rates to
rule in cities so intimately allied in financial relations as
London, New York, and San Francisco. In London four
per cent. is now the current rate ; in New York seven to
ten per cent. London and New York are only about ten
days apart, with almost daily communication by steam-
ers. London and San Francisco are only about thirty
days apart, with semi-monthly communication by
y
steamers. These three financ;al centres should have a
more uniform standard of value for money In London
or New Yurk there cannot be such a wide difference
much longer, and as they approach each other the money
markets of each will be better regulated. Money will
ultimately find its level in value, and where it commands
the
highest price, with equal security, there will be the
alteration."
The demand for money increases. Upon good
second-class paper, some of the banks are charging
as much as 6 per cent.; and, from inquiries in all the
bestinformed quarters, we cannot learn that there
is an expectation of the rate of discount being lower
for some time. On the contrary, there is a more
prevalent belief that money will become dearer,
although generally trade is in a very wholesome
state. The Bank of France yesterday put up its
rate to 4 per cent., and the Bank of Warsaw has
further enhanced its terms from 5 to 6 per cent.
Acted upon by the continued statements of the
Ministerial journal, that the Emperor of Russia
will be only too willing to retire from the Eastern
difficulty, the speculators for a rise have been ope-
rating in Consols, while the Bears have been buying
back, and this, combined with the fineness of the
day, has sent up the quotations 1/ per cent. com-
pared with the closing prices of yesterday, viz., to
921 The intelligence just received, however, of
the preparations for sending a French army to
Constantinople, of the alleged passage of the Dar-
danelles, and of other indications of firmness
which really ought to make the funds rise, have
had the contrary effect, such is the timidity of
mere " time" speculators, and Consols are now
selling at 92. A more important circumstance
probably is the demand for money in Lombard-
street, although in the Stock Exchange it is easy,
owing to some of the large jobbers having dis-
posed of their stock, preferring to keep their assets
at command. South Sea Stock is steady at 113,
and Bank Stock for Account at 220 to 222. Ex- I
chequer Bills have been 11s. to 12s. discount.
Foreign Securities have been generally rather
better. Mexican have realised 24 to 24g, and
Equador 4a. Peruvian Bonds have been at 691
to 70, being flatter. There is great difficulty now
in selling this stock. Sardinian Bonds have been
quoted 901 to 91. Spanish Deferred Bonds have
realised 214 1, and the Certificate is at 5i to
Russian 4i. per Cents. are supported at 98.
The Railway Share Market is sensitive, but
there is an improvement in Great Western, York
and North Midland, and some other lines. French
Shares have been much the same.
The Gold Mine Shares have been dull, but firm,
and the Joint Stock Banks have risen. The Land
Companies' Shares are rather better.

BRITISH FUNDS THIS DAY.
(From the Official List.)

Business done
•
3 Per Cent. Consols Annuities:
South Sea Stock
Bank Stock for Account 220 2
Consols for Account
Exchequer Bille, ld.
RIOOO
1:500
.
Small ll ai
_I d
PRICE OF FOREIGN FUNDS THIS DAY.
'ld razilian Bonds, 5 per tent
Ditto Snaall
tqt'ador Bonds
ti—eezican 3 per Cent.
t 111.vian Bonds, 44 per Cent. 7O 694 704
Aussian Bonds, 1822, 5 per Cont. ZSt 1124
bitt
tki_? 44 per Cent 9B
5ipa.„41,41 Bonds, 5 per Cent 9l 904
„Palaisl, Llonds, 3 per Cent 45
°Paw s ''), '4evg Deferred, 3 per. Cent. 2li i 4
Committee Cert. of Coup. not fun. 54 4 P c
buf is biridenda on the above payable in London.
--e" xha bit er Cent. 12 Gull —
° nge, 24
t° 4 - per Cent. Certificates .. 931 i a d

THREE O'CLOCK.
Consols 92
Ditto October Account . 92