The Sun.
London, England, 1853-06-22 00:00:00

THE SUN, LONDON, WEDNESDAY' EVENING, JUNE 22, 16 53.

from the landed proprietor as his first instalment
of the impost. Surely this is neither just nor
equitable Thirther indulgence should not be
exhibited of a similar description to, render the
discrepancy even more striking than at piesent.
We trust, then, that every friend of fiscal equality
will strenuously and energetically resist the un-
fair attempt about to be made. If it should suc-
ceed, it will only afford another reason to agitate
for a revision and equitable modification of the
enactment.

LATEST FROM TURKEY.

Under date of the 21st June, we (Morning Chronicle),
have received, by submarine telegraph, the following
telegraphic dispatch from Trieste :--
CONSTANTINOPLE, JUNE 13.
A Russian steamer has arrived to take away the re-
mainder of the members of the embassy.
The conduct of Prince Menschikoff has been approved.
The delay for the acceptance of the new ultimatum
terminates on the 16th.

The Porte continues its armaments.
The fire at the Custom-house was confined to the pro-
vision department.
The English fleet is at the Dardanelles.
The French fleet is at Tenedos.
The Austrian Internuncio, M. de Bruck, has arrived
at the Dardanelles.
Exchange on London, 120 to 1204.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 6,000 bales, of which 1,500
American were taken on speculation. The market
was steady, but tame. The sales comprised 5,000
American, 100 Pernam and Maranham at bid.
to 71d., 50 Bahia at 6 d., 800 Egyptian at 6id.,
and 600 Surat at 3#d. to 48d. per lb. Railway
Shares were dull, at lower prices.
An Act, prepared and brought into Parliament
by Mr. Bouverie, Mr. Gladstone, and Mr. Wilson,
deserves attention. It is intended to consolidate
and amend the laws, and to grant additional
facilities in relation to the purchase of Govern-
ment Annuities through the medium of Savings
Banks, and, to make other provisions connected
therewith. The Commissioners for the Reduc-
tion of the National Debt are to be al-
lowed to receive money from depositors, &c., for
the purchase of Savings Banks Annuities, of not
less than V. nor more than 301., and such annuity
may be granted to or possessed by any married
man or woman, although the husband or wife of
such party already possesses a like annuity. De-
ferred Annuities may be granted with or without
return of purchase money, but no return will be
made after the first payment of the annuity has
taken place. Where parties cannot keep up their
payments, they may be allowed, instead of receiving
back the amount, to convert it into a life annuity
that will cost the exact sum already paid, and a
Deferred Annuity already paid for may be con-
verted into an immediate annuity. All these are
concessions that cannot but tell favourably upon
the system of annuities, and promote the much
desired extension.

The name of the party for whose benefit the annuity
is taken will always have to be inserted in the grant
as a joint proprietor of the said annuity. In the
case of females, minors, and idiots, however, trustees
will be permitted to purchase annuities. The con-
tracts for annuities may be mace either at the
Savings Banks, or at the National Debt Office.
Money payable upon the death of a party may be
commuted into an annuity. The annuities for
lives will be payable half-yearly, either in January
an d July, or in April and October. Annuities granted
under this act will not be assignable except in case of
bankruptcy or insolvency. These annuities will be
exempt from taxation, and other privileges are
accorded.

The state of the money market is so easy that
we could scarcely believe there was an appre-
hension of war. Bills of two to three months'
date have been discounted at 2i, and for
shorter terms at 2t per cent. This is quite in
consonance also with what is observable in the
Stock Exchange where cash is readily obtainable
at 11 per cent. In the meantime specie flows in
steadily, the steamer Atlantic having arrived last
evening with 300,000 dollars from the United
States, where also there were immense sums being
received from California. Silver is slightly dearer,
having risen id. per pound upon purchases for
exportation to China where the rebellion has occa-
sioned hoarding.
The English Stock Market is rather firmer this
morning, but there is still a marked pause among
the jobbers, and a prevailing uncertainty how to
act. The inclination after so much selling out
would naturally be to buy, bait there is required
some more positive assurance that peaoe will be pre-
served, in order to restore confidence. Consols have
been 981 ft. The New 3k per Cents. have been
101* I, and the Three per Cents. 99* to -a. Bank
Stock has been supported at 2294. Exchequer
Bills are 2s. to ss. premium.
Foreign Securities are quite neglected, and the
quotations are merely nominal. Peruvian, par to
* prem. ; Buenos Ayres, 62 ; and Chilian, 104 ;
Sardinian, 94/ 4 ; and Russian steady at 117 to
for the Five per Cents. Nothing has been done in
Spanish Bonds, which remain nominally as before ;
and Mexican are about 27i to 28*.
The Railway Share Market has been rather im-
proving this morning, in the absence of any exten-
sive dealing. The public keep off at present ; but,
from the abundance of money, it is very probable
that they would select railways in preference to
many other securities, if they were satisfied as to
the aspect of political affairs. The only transac-
tions have been in North-Western, Caledonian,
Great Northern, and one or two other principal
lines. French Shares have been exceedingly dull,
and therefore merely nominal.
The Land Companies' shares have been rather
firmer, and a rise has occurred of 1/. to 2/. in the
Agricultural, and about it. in the South Australian.
The Australian Bank Shares are duller.
The non-official prices are Central Railway of
France 1* to ft premium, Metcalfe Mine 5i to 6
premium, Port Royal 1 ft to ft, Sue River 4 to 1,
and Jamaica 2t to 21 premium.

BRITISH FUNDS THIS DAY.
( From the Official List.)

Business done.
Bank Stock ... .... ... ... ........ 2291
3 per Cent. Reduced Annuities 991. A
3 per Cent. Consols Annuities
3 per Cent. Annuities, 1726
New 31 per Cent. Annuities lOll i i
Long Annuities, Expire sth Jan., 1869
Consols for Account 9Bi 3
Exchequer Bills, ld.
£l000
2500 5 2 p
Small 5 2 p
PRICE OF FOREIGN FUNDS THIS DAY.
Buenos Ayres Bonds, 6 per Cent 62
Chilian Bonds, 6 per Cent lO4
Mexican 3 per Cent.
Russian Bonds, 5 per Ceut.
Ditto for the Account ll7
Ditto 4} per Cent.
Ditto Small -
Sardinian Bonds, 5 per Cent 944 i
Dutch Exchange, 2i per Cent.
THREE O'CLOCK.
Consols for Opening 19th July... 9Bi i x d