The Sun.
London, England, 1854-11-08 00:00:00

MONEY MARKET

AND

0021.31ERCIAL INT.ELLIGENCE.

CITY, TWO o'CLOCK,

The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, including 500 American,
500 Surat, and 70 Sea Island, taken for export.
The market was firm, without change in prices.
The sales comprised 4,500 American, 100 Pernam
and Maranham at 61d. to 6:1d., 200 Egyptian at
6d. to 7-kd., 1,000 Surat at 3d. to 40., and 100
Sea Island at ls. 2d. to ls. lld. per lb. Railway
Shares were dull, at lower prices.

The returns which were yesterday analysed under
this head, of the trade and commerce of the United.
Kingdom, may be considered favourable, under all
circumstances, and with respect to the falling off in
exports, after the experience of glutted markets in
India and Australia, it is rather desirable that
there should be a curtailment. Taking the nine
months, an increase is still shown, and there will
to the better prospect of ultimate profitable re-
turns.

The last advices from South Australia are en-
couraging, and give evidence of the steady and
substantial progress of the colony, as distinguished
from the mere fitful prosperity of gold mining. An
account before us states :

"Mining, which has to some extent been retarded by
the gold fields, is slowly but surely gathering its
strength once again. The Burra is now finding miners
without much difficulty, and the comfortable wages and
allowances it is able to give to all that resort to it for
permanent employment, is making a suitable impression
among the gold diggers, whose gains and losses,
balanced against each other, do not in most cases exceed
those of the steady miner at Kooringa. There is there
full employment at present for 600 men. The usual
quarterly dividend of one hundred per cent. on the paid-
up capital was declared the other day, accompanied
with the comfortable assurance that these returns will
be regularly maintained for the future.
"Our last report from the liapunda continues as
favourable as ever. It is going on steadily, with its
limited numbers of miners, at about eighty tons of 40
per cent. ore per month. The mine is stated to be
kindlier than yet observed ; and two or three hundred
miners and labourers at full wages very much wanted.
"From Strathalbyn silver-lead mines the reports are
equally favourable, and Mr. Bassett, the superintendent,
writes in the most encouraging terms of their progres-
ive improvement."
The following is a statement of the land
sales :

"March 30-3,521 acres
April 6-3,630 „
„ 13-3,239 „

£7,530
9,673
4,489
4,937
7,068
6,224
4,344
6,971
11,836


20-3,554
27-2,635 „
2-4,532 „

May

11--2,905 ;',

18-3,100

25-4,516

29,585 acres. £63,073
" We need scarcely repeat here an observation which
to us is trite enough, that these sustained land sales are
sure indications of permanent settlements throughout
the colony. It is expected that in a few months the re-
served banks of the River Murray will be opened for
purchase, when investments on a much more extensive
scale may be expected.
"A preliminary section belonging to Colonel Torrens,
and sold by him to Messrs. Kent and Robin, realised for
one-half nearly 12,0001. This section, four years ago,
was considered a decided bad bargain at 4,0001."

The ascounts from New York are as unsatis-
factory respecting the money market as those
brought a few days since by the Europa. The
Banks were contracting, and failures and reported
failures of banking establishments, particularly in
the Eastern and Western States, were daily an-
nounced. The arrivals of gold • dust from Cali-
fornia were not so ample as was expected. An en-
couraging feature in the present advices, however,
is that the result of the wheat crops is likely to
turn out much better than has been anticipated/.
Prices, however, were maintained in the face of
this fact by a good local demand, as well as an in-
quiry for exportation.
From California the intelligence both as regards
mining and commercial news is, more favourable,
and at San Francisco trade is said to have revived
and was quite active, while the diggings were yield-
ing abundantly.
There was a slight decline yesterday afternoon
in the rates for bills of exchange upon some of the
principal continental cities. Paris, 90 days, was
at 25 30 to 35 ; Amsterdam, 11171 to 171 ; Ham-
burg, 13 GI to 61, and Trieste, 12 10 to 15.
The bar silver received by the steamer Atrato
has been sold at ss. lid. per ounce standard, but
the dollars have not yet been sold. Gold was a
little in demand yesterday for the continent.
The English funds have been flatter agt.id this
morning, and there is rather a fuller supply of
money stock. It would appear that cash is in de-
mand in the Stock Exchange, and probably in an-
ticipation of the next instalment of 20 per cent.
upon the Turkish Loan. In discount circles there
is a full supply of money. Consols have been 94/
to 94i- for transfer, and 94/ to for account, with
more real than speculative business doing. The
New Three per Cents. have been 93k to and the
Three per Cent. Reduced from 93± have dropped to
921. Bank Stock has been done ,at 211, although
the first bargain was 212/. Exchequer Bills have
remained at Gs. to 98. premium. East India Bonds
have been 11s. to 14s. premium.
Foreign Securities have been heavy,lin the
almost entire absence of business, but in Turkish
Scrip there has been a panic on a small scale,
arising from forced sales made byone or two parties.
There has been an allegation that the wording
upon the bonds is not sufficiently explicit in
reference to the firman ; but, even were it
so, this could probably be set right, and we
believe the main cause of the sudden reaction is
the large amount held in the Stock Exchange, and
the sums borrowed thereon, with the necessity of
making " provision for the ensuing call." The
first price was par to / premium, and business has
since been done this morning at and 1 discount.
Peruvian Stock is nominally lower, the parties
interested in the home debt having made vigorous
efforts to produce a fall, but the real holders will
have more encouragement than ever to keep their
property. The 41 per Cents. have been at 69, and
the 3 per Cents. at 49.

The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 51 to 6 ; Mexi-
can, 221 to 22a ; Peruvian, 69 to 71 ; ditto,
per Cents., 49 to 51 ; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto,
4 per Cents., 84 to 86 ; Spanish New Deferred,
18 to 18i ; ditto, 3 per Cents., 371- to 38 ; ditto,
Certificates, 54 to 5i ; ditto, Passive, 41 to 4i.
Railway Shares are feebler, the decline being :.tv
to 1 per cent. in London and North-Western, to
in South-Western and Midland, and in about th'd
same proportion for the other lines. The foreign
lines are a shade lower. •

The Australian Banks continue in favour, tile
Murs are steady, and the Colonial Land Com-
panies' keep firm.

BRITISH FUNDS THIS DAY.—CLOSIT.:FG PRICES.
(From the OPial )

'Business dons
'Bank stock . .......................... 2124 11
per Cent. Reduced Annuitie5,,,,,,""""`......... 9.34, 21 31-
:3 per Cent.
.Consols Annuitie* ................ 94;1 Near 3 per Cent. Annuities .................. 93
rung Annuities, Expiro sth Jau., 1860
"'4 7-16
uci .I'lt Bonds, 1000 .......,..... ..... .......... 14
Ditto' ..
under glOOO ......................... 13 11
onsols
for Account 14th Nov. ...............
Exc!lequer RillP, 2io.

VO6O .. , • . 9 6 p
2500 9 6 p •
Stual.l
Exelle.:fuer Bonds 1853, Sa per Cent. lOO
Ditto 1359, ~
PRICE OF FOREIGN FUNDS Tills DAY.
11ms-Aban Bonds, 5 per Cent 9Bl
1; itto Small
Ditto New, 1852, 44 per Cent 961
Mexican 3 per Cent. :
l!ernvian Bonds, 4i per Cent. ...........^•• 69
Ditto 3 per Cent. ............. . ..
Portuguese Bonds, 5 per Cent —
Ditto 3 per Cent .......... .............. "•••• 371
Sardinian Bonds, 5 per Cent............
Spanish Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent lBi
TurkishSerip 6 per cent
Dividends on the above payable in London.
THREE 0 CPOCE.
Consols
Ditto November Am.rint

Two new planets have just been discovered at Paris—
one by M. Goldschmidt, a private gentleman, in the
night of the 27th ult. ; the other by Al. Chacornac, of
the Imperial Observatory, in the night of the 28th ult.
The former, which is like a star of the ]oth or 11th
magnitude, has received the name of Pomona ; the
latter, which appears of the 9th or 10th magnitude, that
of Polymnia.