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

Liz kl :I. •

7 •` 7
,
.i ~--4. , .i. i......

01)14 ;,

C TWO o'CLOCK.
.The sales of cotton at Liverpool s esterday were
estimated at froal 5,000 to 0;000 bales. The mar-
ket closed heavily, with price?. of American -{l. per
lower. The sales comprised 2,) Pernain and
Maranham, at WA.; 20 Bahia, at 6,f d., 150 Egyp-
tian at 6d. to 7d., 700 Surat at 3d. tc 3,1.0tnd
the remainder American. Railway shares were
eat,
The wool trade at Liverpool recently, has been
much depressed.
Very little business has been. done in Colonial
Produce this week, and prices have mostly tended
qewnwaads. Sugar has been arin, '11.0.,vev,2r, and
also Coffee, ,for which thu deal:Lai however,, has
been limited. Rice has declined. Saltpetre has
been heavy, and Cotton qUiet. Tea has been steady,
and Tallow firmer. Hemp has re eded, and`Jute
Is down 11. ICs. to 9/. per ton. At the Indigo auc-
tions, 1,100 chests will be offered on the 9th inst.
For the public wool sales, 36,768 bales are de-
, Oared.
..,.."1:14e mercantile community are much indebted to
Nu% Digby Seymour for the prompt manner in
Which he has taken up the question of the "fraudu-
lent transfer of bills of exchange." We understand
the gentleman referred to in the following remarks
a morning contemporary (which we assume to
be,.. on good authority) is in communication with
air.
r. Seymour, to get a clause inserted in the bill
be purposes bringing into the House on Tuesday
neat to meet future cases of this sort of aristocratic
swindling; but we apprehend the law as it stands
sufficient to bring the parties in this case to
Ashes
"The remarks of Mr. Baron Alderson on the subject
bill-stealing have given great satisfaction in the
lOcaeyed circles. It is to be desired that this eminent
itlelge should have an opportunity of deciding whether
or not the following case does pot come under the
?2.eration of acts passed for the protection of the pub-
lic 4 against conspiracy :-- A merchant, well known in
Lua' City, ' of very respectable means—means enabling
mre to conduct his business without resorting to his
bill-book—purchased a property through the solicitors
of 8, bank in a town in the county of Gloucester. The
I)l4ehase money was 5,0001. The vendor could not
„.
'l4'llish his title without some advance ; the merchant
eontiented to give his 1)1115 for 2.0001. and 3,0001., the
former to be discounted if required ,• the latter they
°ndertook to hold,
.and to furnish the title within a
given time ; but, contrary to this arrangement, they
Paid both bills into the hank for which they acted.
I;rofessionally, and they failed to furnish the title. At
Lee maturity of the bills, the bank applied to the
Iperchant for payment ; he paid tae 2,0001. bill, but re-
fused to pay the one for 3,0001. until the sale was com-
pleted—this being in accordance with the character
4:4 the agreement°. The country bank employed the
10licitors of a joint-stock bank in the City, who Elle-
eded in getting the merchant to give a judgment ;
1111:1 holders, namely, the bank in Gloucestershire, in
meantime to proceed against their solicitors proper
tar the amount. Twelve months have passed, no title
14,t been given to the property, 'he bank has not sued
ree defaulting solicitors, and the judgment held in
rrorem over the head of the confiding capitalist. The
„i
orst feature of this transaction is yet to be recorded,
and which shows but too painfully the moral standard
°f firms said to be professionally respectable. The
vendors and solicitors proper to the bank in Glouces-
lershire wrote, on the 2d of May, 1853, two letters, one
tda the persecuted -merchant, stating that they could not
t, anything. towards relieving him from the position
nat their unfortunate act had placed him and them-
, Zi1?,.02-inbut trusted that he would
_be able to get the
unit-1---adding'that their connection with it was ended--
to forego proceedings ; the other letter was written to
the solicitors acting in the case in London, requesting
them to give the merchant no quarter, and to take all
Teens in their power to procure payment of the bill and
me law costs without delay. Both these letters by ac-
cident came into the hands of the merchant's solicitor.
Is not this a proper case for the con.ideration of Mr.
Zaron Alderson when sitting for the adjudication of
criminal cases of the kind ? We submit'that it is so."
The monthly return of the National Bank of
Belgium gives the active_ciictilatibn at 86,084,760
francs, and the amount of the precious metals at
49,791,653 francs. The discounts were t 7,043,590
francs. As compared with the previous month,
this shoivs an increase of 5,812,000 francs in the
bullion, and of 2,434,000 francs in the circulation.
Accounts from Odessa state that passengers
thence saw near that port: on the 19th ult., an
engagement between an English ship of war and a
Russian corvette, which appeared to' be, at the
time they passed, in a sinking condition.
St. Petersburg letters mention that the Consuls
of England, where British subjects, had received
orders to leave Russia, but that those of France
Were allowed to remain, except at Odessa, Tiflis,
and Warsaw..
Several of the American merchants in the city
have expressed a strong feeling of indignation at
the fact of a United States' clipper, the Grapeshot,
baring, as a privateer, captured a French mer-
chantman off the Lands End. It appears that the
Grapeshot left New York ostensibly with bard ware
for St. Thomas's, but was suppesed by many to be
on a piratical expedition against Cuba. She had
arms on board, and would have proceeded to Fin-
land,
but came out in her new character off
°lir coast. The party Who fitted her out is,
We believe, a stage contractor at New York,
enjoying a higher reputation for 'cuteness than
honour, and it is fervently hoped that, if
captured the crew of the Grapeshot will be
made an example of. It is surmised, however,
that both officers and men may be Russians, in
which case they may probably be regarded as
Merely pursuing the legitimate- occupations of a
state of war. s .
The Assam Company, at their meeting this day,
"are declared a dividend at the rate of 5 per cent.
Per annum.
There being no official information,a.s to the pro..
grese of the subscriptions for Exchequer Bonds, we
can only deal with the surmises hazarded that the
aPPlications are less numerous than could be
"ished. Every one speaks well of the security, and
if the market had become habituated thereto, and
it had been ascertained that there would be facilities
far dealing in it, the bankers and capitalists would
more ready to participate at the very favourable
terms offered, viz., 41. Os. 10d. per cent.
Public Securities are heavy, the additional Army
and Navy Estimates of nearly six millions sterling
• , • confirming the impression that, as the war goes
there will be a still heavier drain upon our
Monetary resources. Still an expenditure of ten,
or even twenty, 'millions per annum should not be
of much account to.a country with such an annual
revenue as ours, although a new loan may be un-
iwoidable...- Consols have been as low as 87i
having been done also at 87t for transfer. They
are now about 871 for account. To. take up
Exchequer Bonds, Consols would probably have
to be sold. Bank Stock is rather firmer at 202 to
205. Exchequer. Bills have been at 2s. discount
to 2s. premium, and India Bonds at 15s. discount.
Foreign Stocks are very quiet. There have been
a few bargains in Russian Five per Cents. at 93 to
931, and in the Four-and-a-Half per Cents. at sq.
• .Spanish Three per Cents. have been at 80k. Bra-
zilian Old Stock is' worth 96. Mexican Bonds
have been at 231 to -R.
The Railway Share Market is fiat, at a decline
• -of about Ito per cent.
Joint Stock Bank Shares are firm. Mines are
dull. Crystal Palace are-flatter. - •

C.74listi .
•• •

Foreio .

BRITISH FUNDS TIIIS DAY.—CLOSING PRICES,
( From the Official List.

itumnesit done.
tank Stock ....... ....... • ' .
3, Per Cent. 'Reduced Annuities B6h I
tPer Cent Consols Annuities .
Z.e"' 3/ per Cent. Annuities... .... .
Long 2 per Cent. Annuities ........ ..
1860
'filg Annuities, Exp're sth Jan.,
Ditto 30 Years, Expire sth Jan., 1860 ...... 41
„India Bonds, £lOOO ............/ ..... ' ....... 15 d
" Ditto, under 1000 ........................... 15 7 (-1
00:n8040.0T 'Account 11th May ..........••"'874 iitia
f :chequer Bills, 2d.
£lO 0 2 p 2 d---.
• 3 p2dlp
Small

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
M .‘• 231
e• lean 3 per Cent.
Peruvian 3 per Cent.
4usriau Bends, 1822, 5 per Cent. XSt 93i 3
Ditto 4 per Cent SOi
Spanish Bonds :3 per Cent - 36#
Spanish. New Deferred, 3 per Nut. 174

71 A T?l7 2.1717 -1 71 TTN 7:I Y.l

CORN EXCHANGE.
Th' fr?sh arrivals of English wheat to-day were small,
coastwise and laud carriage. Although the show of sam-
pl2s was litnisol, the demand for all kinds was heavy in
the, extreme, and to have effected sales Is to 2s per quarter
less money than on Monday must have been accepted by
the factors.
We were very extensively supplied with foreign wheat,
which moved off heavily, and the currencies had a down-
ward tendency.
Floating cargoes were much neglected; but we have no
actual decline to notice in prices.
i The show of barley was extensive.. The demand for it
1, was heavy, at is per quarter less money.
I Malt ruled dull, at barely last week's currency.
Oats and beans were tolerably firm, at full prices.
Peas and flour were very dull. American parcels were
lower to purchase.

AItRIVALS TINS ?Mt g.
heal : i Barley. 1 5. alt. 1 Oats I Flour.
W
1,670 • 610 i , ,620 1 281 1 763
91 1 -- '2 ' ,513 1 .
611,'180 1 11,970 1 1 5,960 ' s.39askg
25,9 Obrl

, lberdeen ........
A.mbg Nottug. Bost.,
and Easti .
al Belfast & Ballymeua.
►ll Birutiug Wolverh.'

Stour Valley ......
8 Birkenhd. Lanesh. &
Cheshire ......
11 Do. Chesil. & Birk.,
£5O and £25 Cous.
.Si Do.,
;lyth &Tyne original
(issd. at £45,
)0 -Pistol aod F..xeter.,
)0 ;alodouian. .......
',hester & tlolyhead.
111 Cork
,and Bitudon...
AB Cork, Black, & Pass
12

. .
_ . '..vrinvall
A irieff Juuction
f 5 iubliii&ilelfastJuve
,li Dutidee Perth4Aber

- I .ietm Juuquou
LII Du. New
Lll p:ast Anglian—....l
Lll 1)o., (XlB E & H)..
ill ,',:tisteru Couuties
ill I,:asteru Union, A

Stook
Do., B. Stock
8 Do., New A ' '
h! 'last Lancashire
.00 ,71dinburgh & Glasgow
5. Ediub. and Peebles...
MO Ediu. Pali &Dundee
& Clyde June.
LOO ,;lasgow &S. Weston ,1
[OO Great Northern Stk
LOO Do., A. Stock
LOO Do., B. Stock.
1.00 Gt. Sth. &West.(lre.)
1.00 Great West%rn
12 Irish South-Eastern
all Lancaster & Carlisle

IM Do., Thirds
2 Do. New Thirds
00 Laucash.andYorksh
18 Do., Fifths
Dl., Wet. Riding Uu
all Leeds Northern '
all ,Liv.Crsby.&Southpt
all London & Blackwai
$ - Loud. Tilb. &Stliend.
[OO Loud. Bright &S.Cst.
LOG Loud. and N. Westu.
12 Do. Fifths
1 Do.lo/.5h.,M&8...(
2 Do. Eighths
100 London audS. Westu.
42.', Do., £5O
:34 Do., £4O
all 'Lnudrry&Coleraiue
all Ludndrry. & Euuisk .
100 Mauch.Slief.& Lindh)!
44 Do., Mau. & Lin. Uu
100 lidlatid
100 .o. Birrung. &Derby
4Th Midld. G. West.(lre.)
17:1, Do. Half Shares
all Newcastle & Carlisle,
100 NeWnsarket
Do., Bury Extension
17 Nwpt.Aberg. & Ilrfd,
7` Newry & Ewriskillet
all Newry Warreupoiu

and Rostrevor...
100 Norfolk , •.• •
3. Northu.Counties
100 North British
16 North Devon, No. 1
all Do., No.
all Do., A Deferred
8 Do., B Guaranteed
all North London
5.1 Do. New £lO
Li is N.&S.Wstru.,Hamp-
stead, and City Jn
174 North Staffordshire
all- North Western
10 N. &S. Westrn. June
1 Nuneaton, Hinckley,'
and Leicester
100 Oxford, Worcester, &
Wolverhampton
21 2s Portsmouth
100 Scottish Central ....
100 ScottishMidlaud
100 ihrewebtu7 &Biimg,
100 Do. L. &N. Westem
Guaranteed SA cbk ,
10 • Shrowsby. & Herrefd
all Shrowsby. & Chaste]
(N. W. Min .......
all Do. Halves)
all Do. Oswestry
6.4 Shropshire Union
Do. A, B, C,&
paid up at per cum
all South Devon.
100 South Eastern
all South Wales
15 3. Yrksh. & Riv. Dual
5 Do
21 2s Staines, Wok &Wok
all Stockton & Darling
16f Stockton & Hartlepl,
1.00 Taff Vale
8 De. £lO shakes
WO Do. Pref., No. 1
21 liames Haven Dock
and Railway
17 Vale of Neath
all Waterfd. & Kilkenny
all Waterford&Limerick
16 West Cornwall
1 West End of London
and Crystal Palace
all West Loudon....r
51s. Wimbledn & Croydon.
100 York Newetl.&Berw
20 Do. Exte,usious
Do. G.N.E. Purchase
100 York& N. Midland...

FOREII

9 A utwerp&Rotterdan,
3 3elgian Eastn. Juuc.
8 BezierstoGraissessac
2s. Bombay, Baroda, and
Central India,Scrip
... Central of Italy
- all Uharleroi& lErquelin
all Demerara ...
14 Dijon and 'Besancon
S Dutch Rhenish
all East Indian
2 Do. Extension
all .It. Indian -Peninsula
lo ';d. Junet. of Franc,
10 Jrd. Trunk of Canad•
3 I Do. Debentures
all Do. do
10 Gt. Central of Vraucc
all ,It.Westernof Canada
Shares _ .._-

...ond..__ ...
-... Do. Bs (Ist is.)'s7
15:, Hamilton &, Torouto
all Do. 6 per cent.
5 Lake Coast. & Basle
all 1 Lucca & Pistoj a 5 p.c.

pref.,'
15 Luxembourg
10 Do. (Railway)
2 Do. l'ref
3 Do. (Canal)
5 DO. 6p. ct. pref
8 Lyons and Geneva
12 Lyons & Mediterran
10 Madras
334, Maria Antonia
all Do. do. New
2 Melbourno Dk, &Ry
all Namur & Liege (wits
interest)
all Do. (ex interest)
all Northern of France.
Do. 2W. 3 p. c Bds
all (fmy.B.& Ams.Sha;
all NorwegianTrunkrro
10 Paris and Lyons.....
all Ditto Bonds .....•••
all Paris and Orleans.,„
all Paris and Rouen--
all Paris and Strasbourg
10 ParisCaen&Cherbrg
10. i Quebec & Richmond
all Rouen and Havre
12 Royal Danish
2 Royal Swedish
all Sambre and Meuse-,
6 Do. 54 p. cent. Prof
6 Southern of Prance.
8 St. Andrew's and'
Qnebee (A)
all , Westaloders
all Do 5. per c. Prof.,.
10 Western of France
7 West. of Switzerland
2 Wiesbaden
15 Zealand