The Sun.
London, England, 1854-03-15 00:00:00

THE OVN, LONDON, WEDNESDAY EVENING, MARCH 153 1854.

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at from 3,000 to 4,000 bales, all to the
trade. The market closed very tame, with prices
in favour of buyers. The sales include 350 Egyp-
tian at 61d. to 84d., 50 Sea Island at ls. ld. to
ls. Bd., and the remainder American. Railway
Shares were fiat.

Accounts from St. Petersburgh of the Bth inst.,
state that from the previous day the capital and
the Baltic provinces had been declared to be placed
upon a war footing (kriegszustand). These pro-
vinces will be under the command of the Crown
Prince, and the " state of war" will be the same as
in the Chersonese, the Crimea, and Bessarabia.
The scarcity of horses is felt in most parts of the
Continent since the increased armaments com-
menced. The Belgian Government contractors
gave very high prices in Luxemburgh last week,
and parties who would not sell at the fair on the
Ist inst., at 300 to 400 francs, have obtained since
500 to 600 francs.

The ship Stratford has arrived from Sydney,
with dates of Dec. 2, which are not quite so late.
She has but a small amount of gold on board.
The demand for money is increasing and there
are more bills doing at 5 per cent. than there were
a short time back. The quantity of specie being
sent away to the Continent, and the fact of the ex-
change keeping so high in China, is against our
retaining either gold or silver, and the Bank of
England having, at the same time, to assist
the Chancellor of the Exchequer in meetinc,
his quarterly payments, will find its assets
fully employed, even if private traders do not more
freely apply for discounts ; and now the rate is
near 5 per Cent., the Lombard-street houses will
find the Bank of England more resorted to.
The suspension of the firms of Gladstone, Bond,
and Co., of Manchester, for about 100,0001., of
which 80,0001. is said to be in bills, with
the failure of T. M'Gregor, of Cheapside, for
50,0001. to 60,0001., and Messrs. Warwick, Har-
rison, and Co., of the same place, for 15,0001., has
brought under discussion the existing state of trade
generally; but we believe no fear need be enter-
tained of many large stoppages. The house of
Dickson and Co., at Glasgow, is expected to pay a
good dividend, having made considerable profits in
the early period of the gold discoveries ; but a point
of almost equal importance with the amount is the
date at which they will pay. This, we apprehend,
will depend upon the realisation of the assets at
Melbourne.

Bills of Exchange upon the principal Continental
cities were taken yesterday afternoon at rather ful-
ler rates. Paris, 90 days, 25 22i to 271; Amster-
dam, 11 JAI to 15 ; Hamburg, 13 ai to ai ; and
Trieste, 1310 to 15.
The English Stocks are extremely dull, and with-
out change in value. Consols have been 91 to 911
for transfer, and 91 for the April account. The
settlement takes place to-morrow. Exchequer-bills
have been 10s. to 13s. prem. At present there is
a complete lull in speculation, and the greater de-
mand for money checks investments.
Foreign Stocks • have been merely nominal, and
the few transactions entered into have been at
about the previous rates. The market has not, for
a long time, presented such a dull aspect. Spanish
3 per Cents. have realised 36/, Buenos Ayres
Bonds 56, and Russian 4i per Cents. 82.
In the English Railway Share Market the trans-
actions have been at a slight reduction under yes-
terday's prices, but the business doing is mainly in
connection with the settlement of the account.
French shares are firm.

The current prices for the Jamaica mines, not
officially quoted, are as follows :—Metcalfe, to
premium ; Sue River, 4 discount to par ; Port
Royal, to g- premium.
BRITISH MINES.—The market is extremely dull,
and prices are nominal.
The Gold and Foreign Mining shares have been
inactive.
In the Joint-Stock Bank shares rather more is
doing, and prices are firm. The Crystal Palace
shares are quoted without the new issue.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
(From the Official Li.t.) _

Business done.
3 per Cent, Consols Annuities 9ll 1 1
Long Annuities, Expire sth Jan., 1860 shut
Ditto 30 Years, Expire sth Jan., 1860 4 15-16
India Bonds, £lOOO
Ditto, under £lOOO 9 p
Bank Stock for Account 220.
Consols for Account 16th March
Exchequer Bills, 2d.
2500 lO 13
Small lO 14
I'RICE OF FOREIGN FUNDS THIS DAY.
Austrian Bonds, 5 per Cent.'
. .f' 76i
Brazilian Bonds 5 per Cent. 99
Buenos Ayres Bonds, 6 per Cent 56 4
Russian Bonds, 1822, 5 per Cent. £ St 9Ol
Ditta 41 per Cent
Spanish Bonds, 3 per Cent 36i 71
Spanish New Deferred, 3 per Cont. lBl
Dividends on the above payable In London.

Consols
Ditto Account

THREE O'CLOCK.

91k
91 k

MARKET NEWS-(THIS DA Y.) • "

CORN EXCHANGE.

The shew of English wheat in to-day's market was sea-
sonably good, and in very fair average condition. Very
few buyers were in attendance, and so little business was
doing, that the quotations were almost nominal.
Foreign wheat, the imports of which are upwards of
26,000 quarters, was very &111, and offering on lower
terms.
We had no demand for floating cargoes.
The barley trade was heavy, at barely Monday's decline.
Malt sold heavily, on forrnar terms.
Oats, beans, and peas were exceedingly dull.
The flour trade was heavy, and both English and foreign
parcels were lower.

Wheat.
530

ARRIVAL THIS WEBB.
Harley. Malt. I Oats.
I 1,889 590 I 3,660
3,050 I
5,800 5,830 sks
8,400 brl

Flour.
850

English ..
Irish •• ••
Foreign ..

26,510 I 1,170

WHITECIIAPEL.

The general trade ruled heavy to-day, as follows
Beef from 3s Od to 4s Os ; mutton, 3s 2d to 4s 6d ; veal,
3s 10d. to 5s Od ; pork, 3s 4d to 4s 8d per 81bs by the
carcase.

BOROUGH HOP.
We have a moderate demand for most kinds of hops, at
full prices.

RAILWAY TRAFFIC RETURNS.

LONDON AND SOUTE-EASTERN RAlLWAY.—Traffic re-
turn for the week ending March 11, 1854 £13,614 12 9
Corresponding week last year 10,870 15 11

Increaso in 1854..

£2,743 16 10

GLASGOW AND SODTH-WBSTERNMAILWAY.—Traffic re-
turn for the week ending March 11, 1854 £4,889 17 6
corresponding week last year 4,466 17 9

Increase in 1851..

£422 19 9

SIR CHARLES NAPIER'S FLEET.—Sir Chas. Napier's
fleet is bound first for Wingo Sound, on the coast of
Sweden, where the ships will anchor for a time. In
that position the fleet would guard the outlet of the
Cattegat, and enjoy the advantages of being near a great
town like Gottenbtrg, with its population of nearly
30,000 souls. The next step would be to pass the Sound
or the Great Belt, and enter the Baltic.
FAILIIRES.—The Manchester advices state the suspen-
pension of Messrs. Gladstone, Bond, and Co., general
brokers in that city. The firm was of 10 or 12 years'
standing, and its liabilities are estimated at 80,0001.
The immediate cause of the stoppage is said to have been
a loss by the failure of a Manchester house a short time
back. The suspension has likewise been announced of
Mr. Thomas M‘Gregor, woollen warehouseman in Cheap-
side, for about 50,000/. or 60,0001., which has been fol-
lowed by that of Messrs. Warwick, Harrison, and Co.,
also of Cheapside, shawl and silk manufacturers, for
about 15,0001.—Times.

PRICE OF GOLD—Tuesday Evening.—The quotation
of gold at Paris is about 3 per mine discount (according
to the last tariff), which, at the English Mint price of
3/. 17s. 101 d. per ounce for standard gold, gives an ex-
change of 25•094 ' • and, the exchange at Paris on London
at short being 24.95, it follows that gold is about 0.58
per cent, dearer in Paris than in London. By advices
from Hamburg the price of gold is 419 per mark, which,
at the English Mint price of 3/. 17s. 10d. per ounce for
standard gold, gives an exchange of 13.11 ; and, the
exchange at Hamburg on London at short being 13•11,
it follows that gold is 0•18 per cent, dearer in Hamburg
than in London.

INDIA. According to the telegraphic intelligence
from India the supply of money in that country must
be abundant, with every prospect of continuance—the
Governor-General, notwithstanding the state of politics,
having advertised the remaining 7,000,0001. of the Five
per Cent. Loan for conversion. The first half of this
loan was converted a few months back into Four per
Cents. and Three-and-a-Half per Cents.
THE CAPE MAILS.—SOUTHAMPTON, TUESDAY, March
14.—The General Screw Steam Shipping Company's
steamer Propontis, Captain R. Maynard, sailed to-day
for St. Vincent's (Cape de Verdes), Ascension, the Cape
of Good Hope, Mauritius, Ceylon, Madras, and Cal-
cutta, the mails for which parts will be embarked at
Plymouth on Wednesday (this day.) Owing to the sur-
render of the contract by the General Screw Company,
under which these mails have been caried, the present
is the last departure which take place for the Cape of
Good Hope and Indian ports. The Propontis takes out
35 passengers, 190 tons of freight for the various ports,
the number of packages being 1,190, with specie, value
3,752/. The Hydaspes will be due at Southampton on
the 27th inst. from the Cape, Ceylon, Mauritius, and
Indian ports.