The Sun.
London, England, 1853-06-09 00:00:00

THE SUN, LONDON, THURS:DAY EV:ENING, JUNE 9, 1853.

be exposed to the mortification of seeing persons
promoted over his head, without any superiority
except that appertaining to a plethoric purse. It
is not too much to say that 1,0001. (a higher sum
has been paid) would be as freely given for the
original appointment as 4601. for a commission in
a marching regiment. By this means 265,0001.
per annum would be obtained for public purposes,
or the patronage might, to a considerable extent,
be bestowed as the acceptable and well-deserved
rewards of meritorious exertions in any branch of
the public service. Opinion—the general feeling
of propriety—would prevent any improper exercise
of that power, but there would be no such efficient
check if it were left in the hands of private indi-
vid.uals. We trust that Honourable Gentlemen
will consider these matters before they finally dis-
pose of the question which has excited so deep an
interest in the public mind.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 10,000 bales, of which 3,000 American
were taken for export and on speculation. The
market was more active, but prices remained un-
altered. The sales comprised 8,000 American, 210
Pernam and Maranham, at qd. to 7d.; 300 Bahia
at 52d. to 61d, 300 Egyptian, at 6gd. to is. 14d.,
1,200 Surat, at 3gd. to 4d. and 80 Sea Island at
ls. 9id. to 2s. per lb. Railway shares were very
inactive at rather lower prices.
This being the Grand Day at Ascot, there are
no public sales of colonial produce.
The following remarks upon the alteration in the
intentions of the Chancellor of the Exchequer re-
specting the duty upon raisins, have been fur-
nished by Messrs. Witherby and Hanson :

" The proposed reduction of the duty to 10 per
cent., after having been four weeks before the public,
was suddenly rescinded by the Chancellor of the Ex-
chequer on the 16th of May. He, it is well
known, passed by other items of a more popular
character, and selected raisins for reduction, as
being an article of food ; but he became subse-
quently and naturally alarmed at the reports of a
short crop in Turkey. His final decision seems to have
been influenced by the following facts, viz. : that there
is at this moment in the United Kingdom about 16,000
tons of currants and raisins, whilst the annual con-
sumption has never exceeded 30,000 tons ;. that the
reduction will certainly call forth to this market certain
low descriptions, the duty on which has hitherto been pro-
hibitory ; that the cheapness of flour has of late years
greatly promoted the use of fruit as an economical article
of diet—that the measure, if carried out, would therefore
be especially beneficial to the poorer classes of society ;
and, moreever, that supplies of all kinds which would
otherwise, in all probability, be taken next season to
the continent of Europe, to America, and other coun-
tries,—would, if the duty were reduced, be brought to
England. As to currants, it is confidently believed
that when the article will have been restored to its
former ratio of production, Government will feel itself
indirectly pledged to a corresponding reduction of duty,
which, however expedient in the abstract, is at present
impracticable from financial considerations."

The condition of the Money Market is so much
dependent upon the state of foreign politics, that
any estimate which omits the latter is necessarily.
imperfect. There are, at this moment, many rea-
sons for the conclusion that cash will be, for a
while at least, more plentiful. On this day the
dissentient holders of Exchequer Bills receive
their money back from Government, the total
exceeding three millions sterling. As long as
there is any uncertainty involved in the Turkish
question, the bankers and others may be expected
to keep their assets idle, rather than place them in
securities that may suddenly fall. Upon " call,"
or in the discount of short dated bills, they may
not object to employ some of their surpluses,
and judging by the activity of trade in gene-
ral there will be a good opportunity for this.
There are parties who prognosticate a very heavy
" fourth" next month, and most likely there will
be, but if it goes off as well as the " fourth" of this
month has done, the bills noted being unusually
few, there will be every motive for congratulation.
The speculators in iron are pointed at as having
large engagements, but the market being firmer,
may assist them.
nglish Stocks are flatter, and although there is
not much doing the foreign intelligence has been so
far unfavourably interpreted as to check purchases,
and rather dispose parties to sell. Consols have
been 981 i• for the opening. Exchequr Bills are
dull at 6s. premium. The New Three-and-a-
Quarter per Cents. have been mg-- to and the
Three per Cents. 99,1- to with moderate purchases.
Bank Stock has been steady at 229. East India
Bonds have been 295. to 325. premium.
In the Foreign Market there is, by sympathy
with Consols, a partial reaction. Mexican bonds
have been at 27 and since up again to 27g
Peruvian 4- per Cents. are 85 to 86. Brazilian 41
per Cents. have realised 99. Spanish Deferred
Bonds have been at 23g. Venezuela have a fair
sale at 39 to I. Russian 5 per Cents. are main-
tained at 119, and the 4 per Cents. at 103 to
French 41. per Cents. are 1062, with the exchange
at 25 10. There has been a transaction in Australian
Bonds at 85g. Dutch 21 per Cents. are 65 to 1.
The Railway Share Market has been depressed,
owing to the decline in the stocks. Caledonian
have receded 10s. to 1/., and Great Northern, Lan-
cashire and Yorkshire, South-Western, Midland,
and York and North Midland, have all similarly
given way. The French lines are very dull, and,
in fact, merely nominal. Upper India Scrip has
risen to prem.
The last week's railway receipts, ascertained up
to this day, are in round figures as wader :

1853. 1852.
Great Western £22,749 £20,523
North Western 51,159 52,839
South Western 12,269 13,282
Brighton 12,016 12,013
Midland 24,228 24,137
South Eastern 16,410 16,206

9,790 8,768
16,260 11,754

Caledonian .
Great Northei a.
York and North Midland, Newcastle
and Berwick, and Leeds Northvn 24,853 22,682
The Gold Mine Shares have been scarcely so
high, Great Nugget Vein, Noveau Monde, and
Agua Fria being cheaper.
In the Shares of the Land Companies there is
some reaction. Australian Agricultural are down
2/. to 3/. British American Land are still de-
clining.
The Australian Bank Shares are still neglected.

[BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( From the Official List.)
Business done.
Bank Stock ........ . ........... ............... 229
3 per Cent. Reduced Annuities 991 g
3 per Cent. Consols Annuities
New 34 per Cent. Annuities lOll
Long Annuities, Expire sth Jar., 1860
India Bonds, £lOOO
DiLLo, under £lOOO 29
Con: 51s i'or Account 9Bl
Exchequer Bills, ld.
£l000
£5OO
Small
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Ditto 5 per Cent. (Rothchild's) lOO4
Ditto New, 1852, 42 per Cent 99 x d
Grenada Bonds, Deferred
Mexican 3 per Cent.
Peruvian Bonds, 4i per Cent. B5
Russian Bonds, 5 per Cent.
Ditto 41 per Cent.
Spanish Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent 23a
Spanish Comm::;.ee Cert. of Coup. not :an 6 P
Venezuela Bon is, 3 per Cent. ..........•• ••• 39
Ditto Account 394
Dividends on the above payable in London
French Ren'.es, 4:1 per Cent....... • 100 f 50c Ex. 25f 10e
Austrian Bonds 5 per Cent. 10 Gu. £. ••• •••
Dutch Exchange, 21 per Cent. ........ 65i 5

HALF-PAST TWO.
Consols for Opening 19th July 983 x d

DEATH OF THE HON. HINTON SPALDING.—Died at
Bremen, on the 2nd instant, the day subsequent to his
landing there, after a voyage from the island of Jamaica,
the hon. Hinton Spalding, M.D., Custos Rotulorum of
Saint Andrew's, and Member of the Hon. House of
Assembly of that island. His death will be deeply
lamented by all who knew him (including a large circle
of relations), the deceased being endeared to them by
his warm-hearted, benevolent, and generous disposition.
ROYAL ORTHOIVEDIO HOSPITAL. The thirteenth
annual festival of this institution was celebrated yes-
terday at the London Tavern ; the Earl of Shaftesbury,
president of the charity, was in the chair, and about
two hundred of the supporters of the institution sat
down to an excellent dinner. The usual loyal toasts
having been given, the noble chairman, whose speech
was imperfectly heard, in proposing " Prosperity
to the Royal Orthopaedic Hospital," stated that the utility
of the institution was shown by the amount of benefit it
had conferred on a class of persons suffering from peculiar
maladies, viz., diseases of the foot and the spine, which
every one acquainted with the metropolis knew to exist
in a very considerable degree. Referring to the pro-
ceedings of the last year, he found that the total number
of in and out-patients admitted was 1,538 : making the
entire number relieved since the foundation of the
charity 13,541 ; the increased number of patients during
the past year being 105. The majority of applicants
for relief were from persons of adult age, who were pre-
vented by affections of the foot or spine from obtaining
a livelihood ; and also from youths who, from the
same cause, were unable to acquire a trade ; but
from inadequacy of funds, only a comparatively small
number could be relieved. It was (his lordship said)
much to be regretted that the receipts of the cha-
rity from the usual sources for the year fell short
of the expenditure by 3641. He was happy, however,
to announce that the hospital had received a legacy
of 5001., a bequest from the late Mr. Alexander Mac-
kenzie, a governor of the charity. The contributions
towards the building fund during the year amounted to
4301. 135., including a grant from the Common Council
of 100 guineas, and of that amount 3201. had been paid ;
and the whole amount subscribed since the opening of
the building fund was 1,869/. After some further de-
tails, the chairman concluded by an energetic appeal on
behalf of the hospital, as well on the ground of the
peculiar nature of the diseases therein, as on account of
the great good it had been instrumental in dispensing to
a class of patients for whose relief no similar institution
existed in the metropolis. The healthy of the medical
and other officers of the institution were subsequently
given and acknowledged, and a liberal list of subscrip-
tions was announced in the course of the evening.
INDICTMENTS FOR PERJURT.—A return to the House
of Lords has just been printed, showing that in 1849
there were 52 commitments in England and Wales for
perjury ;57 in 1850 ; and 116 in 1851. In 1849 the
convictions were 18 ; in 1850, 21 ; and in 1851 the num-
was 29. These convictions were for perjury, and sub-
ornation of perjury.

ASCOT RACES.

(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)
SWEEPSTAKES-50 Sovs.

Cobnut
Golden Plover
Alamode
VISITORS' PLATE

Torment
Dove

Ten ran.
LATEST BETTING.—EMPEROR'S PLATE.
6to 4 agst Stockwell.
3to 1 agst Teddington.
sto 1 agst Kingston (taken).
25 to 1 agst Ninnyhammer (off. to take).
30 to 1 agst Weathergage (off. to take).
Bto 1 agst any other.
King Pepin has gone home.

ELECTIOIf COMMITTEBS.-(THIS DAY.)

CLARE-DECISION.

The committee assembled this morning at half-past
1 o'clock.

After remaining in deliberation with closed doors for
about a quarter of an hour the parties were admitted,
when _

The Chairman (Mr. Miles) said, the committee have
come to the conclusion that Sir John Forster Fitzgerald
and Cornelius O'Brien, Esqrs., were not duly elected
knights of the shire to serve in the present Parliament
for the county of Clare, and that the last election was
a void election. _ _ _

The chairman further intimated that the committee
were prepared to go into the case of bribery against
the sitting members, as well as the recriminatory
bribery.
On the application of counsel for the petitioners the
committee adjourned for an hour.