The Sun.
London, England, 1853-06-17 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIG.VCE-(THIS DAY.)

CITY TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 2,000 American
were taken for export and on speculation. The
market was firm, but less animated, at previous
prices. The sales comprised 7,000 American ; 100
Pern am and Maranham, at 6!-A-d. to 71d. ; 150 Bahia;
at bid. to 6d. ; 500 Egyptian, at 6/d. to 9d. ; and
1,000 Surat, at 41d. to 41d. per lb. Railway Shares
were dull at rather lower prices.
In the Colonial market& this week business has
been duller. Sugar maintains about previous prices,
nor is any particular alteration to be noticed in
coffee, Native Ceylon being quite neglected. Cotton
is in favour, and there are good purchases. Rice
has been in fair demand, for rum higher prices are
asked, and tallow is held firmly. Tea is inactive,
pending the arrival of the letters by the mail.
Spices have continued at about the previous rates.
The news by the telegraph in anticipation of the
Overland Mail is very satisfactory as regards the
prospect of greater activity in the conduct of
the Burmese war, but it does not appear there is
much alteration in commercial affairs.

There have been, during the last two days, some
large transactions in Canada. Government 6 per
Cent. Debentures, and Canadian Railway 6 per
Cent. Debentures of the best class, the former at
117 to 117 i, the latter at 103 to 104—both in-
cluding the forthcoming July dividends. The
increasing prosperity of that colony, and the yearly
improvement of the revenue, naturally induce
investments in these securities. Quebec and Rich-
mond ; Ontario, Huron, and Simeo ; St. Lawrence
and Champlain 6 per Cent. Debentures have been
those most in request. United States Securities
have been much the same.

The agent at Guayquii, of the Ecuador Bond-
holders, Mr. Mocatta has sent to the committee
in London,' a statement of proposals made to him
by the Government of the Republiic for a settle-
ment of the debt, and the following are,. the
clauses :

"1. The Government of Ecuador acknowledges the
division of the debt in its two parts, principal and inte-
rest.

" 2. The Government of Ecuador will issue in London
Ecuadorian Bonds for 1,424,579/. sterling, in exchange of
the same amount of 21} per cent. Colombian Bonds, being
the proportion thereof assumed as its share ; and will
also issue in addition the amount of one-sixth part of the
deferred debt, which approximates to 400,0001. sterling, on
the cancelling the half of the said deferred debt, which
amounts to about 1,200,0001.
".3. The Government of Ecuador binds itself to pay 1
per cent. annual interest on the new bonds—that is to say,
on 1,824,5791., more or less, as may result on the liquida-
tion of the interest due, as also the current exchange on
bills on London.

"4. They payment of interest shall be made in Guay-
aquil monthtly, in acceptances of merchants for duties on
Customs, and endorsed immediately in favour of the
creditors.

" 5. The 1 per cent. shall be paid, even if the Customs'
revenues decrease ; but when the quarter part of the Cus-
toms' duties exceed the 1 per cent., then the quarter part
of the total shall be paid to the crditors, let the sum be
what it may, until this and the other means which are
provided shall amount to cover the 6 per cent., as stipu-
lated in the primitive contract with the epublic of
Colombia.

"6. That with the object of providing for the 6 per
cent. the creditors shall receive, after deducting the one-
fourth part, the half of the increase of Customs' revenues
over and above the sum of 403,000 dols., this settlement to
be made at the expiry of each year, or in the month of
January following.
"7. The obligation imposed on the Customs of Guaya-
quil is understood to extend to all Custom-houses which
may be established hereafter in any of the provinces of the
Republic.
" 8. The acceptances endorsed to the creditors that are
not met at maturity shall be immediately exchanged for
others of the same amount.

"9. Should the Customs' revenues decrease by any re-
duction of the duties or tariffs, the Government of Ecuador
engages to supply with other revenue the deficiency in the
interest at the rate it had reached at the time of such re-
duction, as also the proportionate increase which would
have arisen if such diminution or change had not been
effected.

" 10. To assist in augmenting the interest until it
reaches 6 per cent. shall be appropriated the part, which
appertains to the Government on all industrial enterprises,
mines, roads, &c., as decreed on the 27th of September,
1852, in favour of the bondholders ; and of all other con-
cessions made, or which shall be made hereafter.

"11. The bondholders shall have an agent. in Guayaquil
empowered to act for them, and to fulfil all that is stipu-
lated in this arrangement ; this agent to receive a stipend
from the Government of Ecuador proportionate to his
duties, and having authority t 3 guard against smuggling,
and lay information thereof before the proper tribunals :
the half of the amounts confiscated shall be appropriated
to the payment of interest, and the other half to the Go-
vernment.

"12. To pay the other half of the deferred debt the
Government of Ecuador cedes to the creditors the claim
which it has against the Government of Peru, in the fol-
lowing form :
" When the claim is liquidated with Peru, if that Go-
vernment should pay in money or its equivalent, then four
times the amount so received shall be cancelled in bonds
of the deferred debt. If the payment by Peru be in its
home debt, then double the sum received thereof shall be
cancelled in bonds of the deferred debt.

"13. The balance which may remain of the deferred
debt after the amount of the Peruvian debt is liquidated
shall be payable in waste lands or Government property,
in accordance with the existing laws, and bonds shall be
issued in London, called `Ecuadorian Bonds for Waste
Lands.' "

This is signed by M. Francisco J. Aguirre.
Yesterday, 3751. of new 21 per Cents. were " ac-
cepted."
In English stocks there has been a decided im-
provement this morning, Consols having risen
about per Cent. The cause of this is a tele-
graphic dispatch from Vienna, intimating that the
mediation of Austria has been accepted by Russia.
Supposing this to be correct, there would be every
prospect of an amicable settlement, and large spe-
culative purchases have been made in consequence,
though these may probably be connected in part
with the closing of the accounts of those who had
heard previously. Consols have been 981, and
since, 98'4 .to 99, being for a moment almost buyers
at the highest of these rates. The New 31 per
Cents. have realised 101 to -4, and the 3 per Cent.
Reduced, 991 to /. Exchequer Bills are 3s. to ss.
and India Bonds, 295. premium.
Foreign Securities have not generally been much
dealt in, but there is a rise in Equador to 6 and 61-,
on account of favourable intelligence received by
the Committee of Spanish American Bondholders.
Mexican Bonds also have been in great favour at
281; to 281. Brazilian New Four-and-a-Half per
Cents. have been at 99, and Chilian Six per Cents.
at 1021. Spanish Three per Cents. realised 483.,
and Venezuela 40 for the Active Bonds. Sardinian
are quiet at Dutch Four per Cents. have
been at 962.

The market for Railway Shares has been up
about per cent. since the start in Consols ; but
the rise is not quite supported at this moment, and
the business doing is rather limited. The French
Shares have improved 10s. to 1/.
Gold Mine Shares are rising. Agua Fria and
Australian Cordillera have improved.
The Joint Stock Bank Shares have been steady
but quiet.
The Shares of the Land Companies are dull, at
about the previous rates.

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

. _ -
Business done.
3 per Cent. Ree iced Annuities .... ...... 993 A i A
3 per Cent. Consols Annuities .. shut
New 34 per Cent. Annuities lOl-
.3
New 5 per Cent. Annuities
India Bonds, £lOOO • • .... .. 29
Consols for Account 983 9 Si
Exchequer Bills, 10.
£1000
£5OO 4 5 3 P
. .
Small 4 5 3 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent ..
Ditto New, 1852, 44 per Cent 99 x 0
Milian Bonds, 6 per Cent . 1024
Eqnador Bonds
Mexican 3 per Cent.
Sardinian Bonds, 5 per Cent 954-
Spanish Bonds, 3 per Cent 483
Venezuela Bonds, 34 per Coat.
Dividends on the above payable in London.
Dutch Exchange, 24 per Cent.
Ditto 4 per Cent. Certificates 951 II
HALF-P.4ST TWO.
Consols for Opening 19th July 9B 99 x d

SUICIDE OP THE QUEEN'S CHAPLAIN.—We regret to
announce the death, by suicide, of the Hon. and Rev. A.
P. Perceval, rector of Little Bookham, and one of the
chaplains to her Majesty. This distressing event took
place on Saturday last, and on Monday an inquest was
held by Mr. Woods, the coroner for Surrey, when it was
proved by evidence that the deceased clergyman had
taken a large quantity of laudanum. The evidence was
conclusive that the deceased had for some time past been
labouring under strange delusions ; and the jury, after
a patient investigation, returned a verdict of temporary
insanity.
THE LONDON YACHT CLUB.—The second match for
the present year by the boats of this club was sailed
yesterday, and was productive of excellent sport, the
variations in the positions of the yachts during the con-
test affording more than usual interest and excitement
as to the events. Two classes of yachts contended. In
the first were the Phantom, the Maud, and the Thought,
each 25 tons burden. In the second the Vampire, 15
tons ; the Kitten, 11 tons, and the Pearl, 15 tons. The
start took place at 54 minutes past 11 o'clock a.m. from
Erith, the match being from that point to Hales Haven
and back. The prize for the first class winner was 40
sovereigns ; for the second, 30 sovereigns. The contest
was a hard one, and it was not easy to predict which
would be the winners. The Vampire ultimately became
the successful candidate of the second class, arriving at
the winning point at 42 minutes past 6 o'clock ; and the
Phantom of the first class, arriving at 42 minutes 5
seconds past 6 o'clock. In the course of the trip the
steamer and yachts passed the King and Queen of Han-
over, who were on board the Black Eagle. The com-
pany sheered their Majesties, who acknowledged the
compliment in the usual manner.