The Sun.
London, England, 1854-05-30 00:00:00

THE SUN, LONDON, TUESDAY EVENING, MAY 30, 1t 54,

MONEY MARKET

AND
COMMERCIAL T ELLIGENC E.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, including 1,000 American
taken for export, and 1,000 American "and 500
Surat on speculation. The market was steady at
previous rates. The ..ales comprised 6,000 Ame-
rican, 300 Pernam and Maranham, 150 Bahia at
6id. to 60., 250 Egyptian at 6d. to 9d., 1,000
Surat at 2d. to 34(1., and 100 Sea Island at 10d..
to Is. Bd. per lb. Railway shares were firm and
steady. _ _ _ _

To-morrow being Derby Day at Epsom, there
will be no public sales of sugar, coffee, or the other
principal staples.
The letters by the overland mail, via Marseilles,
are now being delivered, and the general character
of the news is satisfactory. The markets are still
overstocked, however.
A New Brunswick journalist, referring to hemp,
remarks :

"Almost all the hemp used in England is imported
from Russia, amounting annually to nearly 50,000 tons.
We see by the London papers that this article is already
advanced 281. per ton, and it is certain that it will
speedily bear a far higher price in the market. In 1792
hemp was worth 251. per ton. While the Baltic ports
were closed, it became exceedingly dear, and in 1808 it
realised 1181. per ton. The supply of flax annually re-
quired in England averages nearly 100,000 tons weight,
and of this more than two-thirds came from Russia,
We have no means of ascertaining the price per ton,
but it is evident that the war will produce the same
effect on the cost of this article that it has done on that
of hemp. . _

"Now, we earnestly hope that these facts will arrest
the attention of those who could grow both flax and
hemp if they would, sufficiently to induce them to read
the account which we shall give in our next issue of
the best methods of cultivating and preparing these
several productions, and if possible to act upon it.''
The Newfoundland Chronicle states that a gen-

tleman is in the city for the purpose of friendly
discussion relative to the fisheries, and that a
treaty is alleged to have been arranged between the
British and American Ministers, subject to the
approval of the Colonial Legislature, which is in
substance as follows :
" The American Government, in exchange for the
rights of fishing upon our shores, proffers to take off the
duty at the present imposed upon our fish. They are
prepared to admit agricultural products, animals, ores,
and metals of all kinds, duty free. Iron and coal ap-
pear to have been omitted ; but these also, we under-
stand, will be included in the proposition. Whether
the registration of colonial-built vessels, and participa-
tion in the coasting trade of the United States will also
be offered in exchange for the cession of our in-shore
fisheries, has not yet, we understand, been decided."
The Senate of Ohio has adopted the following
resolution :

" Resolved,—That our Senators in Congress be in-
structed, and that our representatives be requested to
use their best endeavours in favour of establishing re-
ciprocal Free Trade with the Canadas, and the opening
of the navigation of the river St. Lawrence to the com-
merce of the United States."
The English Stock market has been much duller,
and there is a further decline in the quotations, the
natural result of the reaction after the important
advance of the last two or three days, and of the
fright that the Bears have been in. Consols have
been 901 to for transfer and account, being now
90,a to The New Three-and.-a-Quarter per Cents.
have been marked 908 2, and are now 901 to
Exchequer Bills have been at par to 3s. premium,
and India Bonds at ls. discount to 4s. premium.
Exchequer Bonds have been at premium.
Foreign Securities are extremely quiet, and less
firm in price than yesterday. Spanish Three per
Cents. have been 39,i, and the Deferred 18 The
Passive Converted are at 4k to Dutch Two-
and-a-Half per Cents. have been 602 to 61. Mexican
Bonds have been rather heavy at 24k.
The following are the railway " calls" falling due
in June

Date due. Call.
*Antwerp and Rotterdam 22 £1 0 0
Boston, Sleaford, and Midland Counties 1 1 0 0
East Lancashire new 4 per Cent. Stock 30 1 0 0
*Grand Trunk of Canada A Shares 7 210 0
*Do. do. Certificate of Debenture
London, Tilbury, and Southend l9 110 0
Manchester and Southport
Newport, Abergavenny, and Hereford 12 2 0 0
North London new 101.
*Western of Switzerland l5 to 30 2 0 0
Whitehaven and Furness Junction Pre-
ference 10/.
*Wiesbaden
Tatra called in 1854

12 0 0
10 2 0 0
£7,210,259

* The proportion called by foreign companies is
162,500/., but the holdings of .English proprietors are
not known.

The English Railway Market has been lower,
and the amount of business done is less important.
Some of the old lines, including the North-West-
ern, the Midland, Caledonian, and Great Northern,
are 1/. under the previous highest rates. The
South-Eastern are 1/. to 1/. 10s. cheaper than at
one period yesterday. French Shares have been
dealt in to a fair extent, but are not so high as
yesterday.
The Gold Mines are steady, and the Banks and
Land Companies' rather lower.

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

Ru3ineo, done.
3 per Cent. Reduced Annuities B9 i i
3 per Cent. Consols Annuities 94 i f'
New 31 per Cent. Annuities C3i i
Long Annuities, Expire sth Jan., 1860 -16
DittG 30 Years, Expire 10th Oct., 1859 4 5-16
India Stock 233 6
India Bonds, £lOOO .......................
Ditto, under £lOOO 3 4 2 p
Consols for Account tth June 9Ol i i
Exchequer Bills, lid.
£1000
Small 4 p par
Ditto Advertised. ' 3 1 4 d
Exchequer Bonds Scrip
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.

Equador Bonds
Mexican 3 per Cent.
Spanish Bonds, 3 per Cent —
Ditto for the Account
Spanish New Deferred, 3 per Cent. lBi
Ditto Passive (Converted)
Dividends on the above payable in London.
Dutch Exchange, 2i per Cent. 12 Gail 6O 1
Ditto 4 per Cent. Certificates .
HALF-PAST TWO,

Consols
Ditto Juno Account 9Ol
9og 5

EPSOM RACES.

(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)
CRAVEN STAKES.

Defiance , -
Lascelles - 2
King,ton . 3
Six ran.
SVOODCOTE STAKES.
Flatterer ................ ::- , 1

Ten ran.
LATEST BETTING.
DEBBY-9 to 4 agst Dervish.
ORDER OF RUNNING.
45—Woodcote Stakes.
3.30 —Summer Handicap.
4.3o—Manor Plate.
5. O—Heathcote Plate.
ADDITIONAL ARRIVALS. •
Bribery, Kennyside Hero, Noisette, Rataplan, Tom
Burke, Lady Melbourne, Vanderdecken, Foxhunter,
Catastrophe,
_Little Tom, Oxus, Orestes, The Hind (2
yra), Miss Worthington, Diana, Katerfelto, Domino,
Inder, &wry, Mouge, Florist, Michaelmas Maid, New
Warrior, Mishap, Orinoco, Vera, Surprise, Marchioness,
Windsucker, and Claret.
The following Derby horses have arrived :—Prince
Arthur, Oxus, Marley Hilly Wild Huntsman, Punch-box,
Alembic, Woodcote, Belgrave, Pollard, Dervish, Kt. of
St. George, Bracken, Mortimer, Autocrat, New War-
rior, Pyrois, Hospodar, Brother to Singapore, Cham-
pagne, Lord John, Boer, Spinaway, Coup d'Etat, Duke
of Lancaster, Marsyas, Trapper, Middlesex, Grey Plover,
Welhana, Old Noll, Canute, Sir George, Winkfield,
Neville, Handsome Buck, Early Bird, Glacis Colt,
Marble Hill. .

. DEPARTURES FOR AUSTRALIA.—The departures from
the port of London for the Australian colonies during
the past week show an increase. They have comprised
altogether 12 vessels—five to Port Philip, with an aggre-
gate burden of 2,105 tons; two to Sydney, with an
aggregate burden of 1,434 tons ; two to Hobart Town,
with an aggregate burden of 1,123 tons ; one to Ade-
laide, of 615 tons ; one to New Zealand, of 512 tons ;
and one to Launceston, of 256 tons. Their total capa-
city was consequently 6,045 tons. The rates of freight
exhibit-a further decline.
• BUSINESS OF THE PORT OF LONDON.—The business
of the port of London during the week has given evi-
dence from its continued activity that the general import
trade is but little affected by the war. The number of
vessels reported inward was 266, and the total quantity
of grain brought 69,084 qrs., including 46,528 qrs. of
wheat, in addition to 12,697 barrels and 2,763 sacks of
flour. Of sugar there were reported 4,637 hlids., 2,419
casks, 7,921 cases, 38,915 bags, and 21,703 loaves. Of
tea, 23,134 packages - and of tallow, 791 casks. The
number of vessels cleared outward was 128, being 24
inure than in the previous week. Of these, 40 were in
ballast, and 12, as above stated, for the Australian
colonies.