The Sun.
London, England, 1853-10-04 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday
were estimated at 7,000 bales, of which 1,000 were
taken for export, comprising 200 Pernam and
Maranham at bid. to 71d., 100 Bahia at 5Rd. to
6id., 300 Egyptian at 61d. to Bd., and 300 Surat
at 2id. to 31d. per lb. The market closed steadily.
Railway shares were quiet..
The following review of the silk market is from
H. W. Eaton
" Having addressed you so recently as the 19th ult.,
with the particulars of the India and China letters, re-
ceived on that day, I have little to add to the annexed
monthly report of the warehouses, and the announce-
ment that the public sales are fixed for the 19th instant.
As might be expected, the silk trade has been compara-
tively quiet during September, and consumers being to-
lerably well supplied, are enabled to exercise the caution
so desirable under existing circumstances. The con-
tinued large consumption, however, with the moderate
stocks of most descriptions, renders the position of our
market perfectly healthy. In Chinas, with the excep-
tion of the new silk received per " overland" (which has
been taken at full prices), little has been done. In
Bengal silk there is no alteration, but the greater por-
tion of the imports have been sold on arrival. The
Brutias received during the month have also found
buyers at rather improved rates, but the Persians re-
main on hand. The present uncleared stock of the
former consists of 71 bales, and the latter of 1,653 bal-
lots. In Italians the business has been very limited.
The India mail just in brings no fresh advices from
Shanghai."
The condition of the leading departments of the
banks of New York at different periods compares
as follows :

Loans. Deposits. Circulation. Specie.
June 21.495,520,656 $50,018,171 $9,064,106 $12,174,509
Sept. 10.. 91,108,347 57,545,164 19,517,336 11,380,693
Sept. 17.. 90,190,589 57,612,301 9,566,723 11,860,235
During the past week the line of discount has
been diminished 917,758 dollars, the circulation
30,613 dollars ; while the deposits have increased
67,137 dollars, specie 476,542 dollars. The, in-
crease in deposits would denote ease and abundance
in the money market, in the face of a steady re-
duction in the line of discount, but such is not the
fact. There is very little idle capital in our banks
at the present moment, and the deposit depart-
ment in ourreturns must be artificially made up. We
know that certified and other checques deposited
are counted as deposits, while the accounts against
which these checques are drawn and not charged, go
to make up the aggregate. The system upon
which the items, discounts, and deposits were here-
tofore made up has undoubtedly been changed to
meet the times. The increase in specie and de-
crease in circulation are favourable features, which
we trust will regularly appear in the weekly
reports.
There has been a renewal of the excitement
which had just begun to subside, when it was stated
that fresh propositions had come from Olmutz, in
consequence of the rumoured declaration of war by
Turkey against Russia. It is singular how opinion
in the City, and especially among the speculators,
fluctuates from one moment to the other, and how
those who hope now for peace the next moment are
sensitive about war. Unquestionably, the uncer-
tainty that prevails, proves most damaging, not
alone to the Stock Markets, but also to the
produce markets, and no department is so
much affected as that in grain. The Greek mer-
chants, upon the intelligence of the war declara-
tion, which they obtained yesterday afternoon,
immediately shut up their " sample bags" at the
Corn Exchange, and became buyers instead of sel-
lers of wheat, and many sanguine parties scarcely
know how to over-estimate what will be the price
of grain. It should be recollected, however, that
there is an immense quantity already accumulated,
and that although hostilities may temporarily im-
pede its being sent, it will ultimately come, while
the American supplies will be brought in freely.
Wheat is nominally Is. to 2s. dearer than yesterday.
The tallow market is in a state of great excite-
ment this morning, and has advanced 2/. per ton
in all positions owing to the war rumours. Thus
the news which late yesterday afternoon found no
credence among the Russia trades are now believed.
For October and December there are buyers at
585., and for January and March, 1854, at 595.
per cwt.
Advices from Mr. Falconnet, dated Mexico, the
Ist ult., state that he would not be able to leave
Mexico, on his return to this country, till by the
October packet. The Minister of Finance, Senor
Haro y Tamariz, had resigned, and Senor Sierra y
Rosso, had succeeded him in office. The Go-
vernment had not yet abandoned its efforts
to procure sufficient funds to pay, at once
two, or at least one, of the overdue dividends,
though their success remained very doubt-
ful, so far as advances from the capitalists of Mexico
were concerned. But the boundary dispute, rela-
tive to the vale of Mesilla, was likely to be settled
by the payment of a sum of money from the United
States of North America, and the Mexican claims
for Indian depredations, under the 11th article of
the treaty of Guadaolupe, Hidalgo, were also ex-
pected before long to put the Government in funds
to the amount of a few millions of dollars. The
deed of mortgage on the public in Tamauli-
pas, belonging to Messrs. Manning and Mack-
intosh, in favour of the bondholders, had
been executed by them, but the execution
of a similar deed relative to their sugar
estate, near Vera Cruz, was still delayed
owing to circumstances beyond Mr. Falconnet's
control. A few political arrests had taken place in
the capital and at Puebla, and the efforts of Go-
vernment to put an end to the frequent highway
robberies, and to the Indian depredatory excur-
sions in the northern frontier states, had not as
yet proved very successful.
The Thames has brought for the Mexican Divi-
dends 8,404,399 dollars from Vera Cruz, and
3,308,098 dollars from Tampico, making together
11,712,497 dollars. About 200,000 dollars more
are wanted to make up a dividend. The bond-
holders' share of the duties on cargoes arrived in
Vera Cruz in the month of August, was estimated
at 45,000 dollars.
M. Weiss, the Special Commissioner of the Com-
mittee of Spanish American Bondholders, has in-
formed them that her Majesty's new Charge
d'Affaires, the Hon. Richard Bingham, had arrived
at Caracas.
Consols opened this morning at 91/ to 92, being
done at the highest of these rates, which, however,
is one per cent. under the official prices last paid
yesterday. When the war reports assumed a more
definite shape, and it was known that Ministers
met yesterday at the Foreign-office to discuss
their tenor, the prices fell to 91f to Q. It is
remarked that the telegraphic dispatch just
made public here is the 27th ultimo from Constan-
tinople, whereas that noticed by the Times is dated
the 26th. The value of Bank Stock has been 220
to 222. Exchequer Bills have been 10s. to 13s.
premium.
In Foreign Securities the fall is quite as heavy
as in the English Funds. Russian Five per Cents.
have been 111 to 112, and the Four-and-a-Half per
Cents. 951 to 97. Dutch Four per Cents. have
been at 92 to 93. Mexican Bonds bring only 23
to A, a fall of 11 to 2 per cent., and Peruvian have
receded to 70. Equador are 4k to Brazilian
Stock ex dividend is at 97i. Grenada Deferred
Bonds have realised 8. Spanish 3 per Cents. have
been marked 21-i to 22, and Swedish 4 per Cents.
92.
The Railway Share Market has been suddenly
prostaated after the buoyant aspect it assumed yes-
terday, and the fall is from 2 to 3 per cent. in the
best English lines, including the North-Western,
and about 1/. in the French.
Tho Gold Mine Shares aro heavy, and the Aus-
tralian banks lower, as well as the Land Com-
panies.

BRITISH FUNDS THIS DAY.
(Prom the Ofwial List.)

. _
- Business done.
3 per Cent. Consols Annuities. 9ll 2 11 2 11 i 1
Bank Stock for Account 221 2 20
Consols for Account
Exchequer Bills, ld.
£1000
£5OO 8 12
Ditto Small

PRICE OF FORIIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 411 per Cent 95
Equador Bonds

Grenada Bonds, Deferred
Mexican 3 per Cent.

Ditto for the Account 23.1
2
Peruvian Bonds, 41 per Cent. 7O 69 70
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 4 per Cent.
2
Russian Bonds, 1822, 5 per Cent. £ St ll2 11 12
Ditto 41 per Cent 97 51 64 5 1
Sardinian Bonds, 5 per Cent 9Ol 11
Spanish Bonds, 3 per Cent 441
Spanish New Deferred, 3 per Cent. 22 11
Swedish 4 por Cent

Dividends on the above payable in London.
French Routes, 42 per Cont.!! 9Bf. Ex. 25f. 15c
Dutch Exchange, 2i per Cent. 12 Guil 62
Ditto 4 per Cent. Certificates..,,~
THREE O'CLOCK.
91
... 91

Consols
Ditto October Account

ST. PETERSBURGH.—The letters from St. Petersburgh
reach to the 26th of September, but contain nothing
new. From Odessa the dates are to the 23d, when ti e
wheat market was again active. The transactions
during the week had amounted to about 80,000 quer•
tors, at an advance of 2s.

CHESTER RACES.

(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)
HANDICAP SWEEPSTAKES. (Two-yr-01d.
Sister to Maid of Delamere...

Four ran.

DRURY-LANE THEATRE.

Mr. G. V. Brooke took his benefit last evening at
this theatre. There was an immense house, and the
audience were as enthusiastic as the warmest of his
friends and admirers could desire. The part he selected
for the occasion was that of Virginius. Mr. Brooke
was loudly called for at the end of the third act, and
again at the end of the fourth. The curtain fell at the
conclusion of the play amid a storm of applause and
showers of bouquets with which the stage was literally
covered. When silence was obtained, he addressed the
audience. He expressed the warmest gratitude for the
kindness of the public during the whole period of his
engagement, as shown by the immense crowds who
nightly had filled the theatre, and by the liberal—he
might say prodigal—applause which had been lavished
upon him, far exceeding his deserts. He alluded to the
warm-hearted strangers among whom he had lately been,
and said that one of the, greatest pleasures he derived
from his present reception in his native land was in
the thought that it would show his friends in America
that he was esteemed in the "Old Country" to be not
altogether without merit. After pronouncing a glowing
eulogy on Shakspere, and expressing his heartfelt plea-
sure at seeing the greatest of the English theatres re-
stored to the noble purpose to which it was originally
designed, he took his leave amid renewed acclamations,
and retired, loaded with the floral trophies which he
sedulously gathered from the stage.