The Sun.
London, England, 1853-10-04 00:00:00

THE SUN, LONDON, TUESDAY EVENING, OCTOBER 4, 1853.

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 7,000 bales, of which 1,000 were
taken for export, comprising 200 Pernam. and
Maranham at 6d. to 74d., 100 Bahia at 5Rd. to
6d., 300 Egyptian at 6d. to Bd.' and 300 Surat
at 2:11 to 31d. per lb. The market closed steadily.
Railway shares were quiet.
The following review of the silk market is from
H. W. Eaton :

" Having addressed you so recently as the 19th ult.,
with the particulars of the India and China letters, re-
ceived on that day, I have little to add to the annexed
monthly report of the warehouses, and the announce-
ment that the public sales are fixed for the 19th instant.
As might be expected, the silk trade has been compara-
tively quiet during September, and consumers being to-
lerably well supplied, are enabled to exercise the caution
so desirable under existing circumstances. The con-
tinued large consumption, however, with the moderate
stocks of most descriptions, renders the position of our
market perfectly healthy. In Chinas, with the excep-
tion of the new silk received per " overland" (which has
been taken at full prices), little has been done. In
Bengal silk there is no alteration, but the greater por-
tion of the imports have been sold on arrival. The
Brutias received during the month have also found
buyers at rather improved rates, but the Persians re-
main on hand. The present uncleared stock of the
former consists of 71 bales, and the latter of 1,653 bal-
lots. In Italians the business has been very limited.
The India mail just in brings no fresh advices from
Shanghai."

The condition of the leading departments of the
banks of New York at different periods compares
as follows :

Loans. Deposits. Circulation. Specie.
June 21—595,520,656 $50,018,171 $9,064,106 $12,174,509
Sept. 10.. 91,108,347 57,545,164 19,517,336 11,380,693
Sept. 17.. 90,190,589 57,612,301 9,566,723 11,860,235

During the past week the line of discount has
been diminished 917,758 dollars, the circulation
30,613 dollars; while the deposits have increased.
67,137 dollars, specie 47.6,542 dollars. The in-
crease in deposits would denote ease and abundance
in the money market, in the face of a steady re-
duction in the line of discount, but such is not the
fact. There is very little idle capital in our banks
at the present moment, and the deposit depart-
ment in ourreturns must be artificiallyma,de up. We
know that certified and other checques deposited
aro counted as deposits, while the accounts against
which these checques are drawn and not charged, go
to make up the aggregate. The system upon
which the items, discounts, and deposits were here-
tofore made up has undoubtedly been changed to
meet the times. The increase in specie and de-
crease in circulation are favourable features, which
we trust will regularly appear in the weekly
reports.
There has been a renewal of the excitement
which had just begun to subside, when it was stated
that fresh propositions had come from Olmutz, in
consequence of the rumoured declaration of war by
Turkey against Russia. It is singular how opinion
in the City, and especially among the speculators,
fluctuates from one moment to the other, mad how
those who hope now for peace the next moment are
sensitive about war. Unquestionably, the uncer-
tainty that prevails, proves most damaging, not
alone to the Stock Markets, but also to the
produce markets, and no department is so
much affected as that in grain. The Greek mer-
chants, upon the intelligence of the war declara-
tion, which they obtained yesterday afternoon,
immediately shut up their " sample bags" at the
Corn Exchange, and became buyers instead of sel-
lers of wheat, and many sanguine parties scarcely
know how to over-estimate what will be the price
of grain. It should be recollected, however, that
there is an immense quantity already accumulated,
and that although hostilities may temporarily im-
pede its being sent, it will ultimately come, • while
the American supplies will be brought in freely.
Wheat is nominally ls. to 2s. dearer than yesterday.
The tallow market is in a state of great excite-
ment this morning, and has advanced 2/. per ton
in all positions owing to the war rumours. Thus
the news which late yesterday afternoon found no
credence among the Russia trades are now believed.
For October and December there are buyers at
585., and for January and March, 1854, at 595.
per cwt.

Advices from Mr. Falconnet, dated Mexico, the
Ist ult., state that he would not be able to leave
Mexico, on his return to this country, till by the
October packet. The Minister of Finance, Senor
Haro y Tamariz, had resigned, and Senor Sierra y
Rosso, had succeeded him in office. The Go-
vernment had not yet abandoned its efforts
to procure snfficient funds to pay, at once
two, or at least one, of the overdue dividends,
though their success remained very doubt-
ful, so far as advances from the capitalists of Mexico
were concerned. But the boundary dispute, rela-
tive to the vale of Mesilla, was likely to be settled
by the payment of a sum of money from the United
States of North America, and the Mexican claims
for Indian depredations, under the 11th article of
the treaty of Guadaolupe, Hidalgo, were also ex-
pected before long to put the Government in funds
to the amount of a few millions of dollars. The
deed of mortgage on the public in Tamauli-
pas, belonging to Messrs. Manning and Mack-
intosh, in favour of the bondholders, had
been executed by them, but the execution
of a similar deed relative to their sugar
estate, near Vera Cruz, was still delayed
owing to circumstances beyond Mr. Falconnet's
control. A few political arrests had taken place in
the capital and at Puebla, and the efforts of Go-
vernment to put an end to the frequent highway
robberies, and to the Indian depredatory excur-
sions in the northern frontier states, had not as
yet proved very successful.
The Thames has brought for the Mexican Divi-
dends 8,404,399 dollars from Vera Cruz, and
3,308,098 dollars from Tampico, making together
11,712,497 dollars. About 200,000 dollars more
are wanted to make up a dividend. The bond-
holders' share of the duties on cargoes arrived in
Vera Cruz in the month of August, was estimated
at 45,000 dollars.
M. Weiss, the Special Commissioner of the Com-
mittee of Spanish American Bondholders, has in-
formed them that her Majesty's new Charg6
d'Affaires, the Hon. Richard Bingham, had arrived
at Caracas.

Consols opened this morning at 911 to 92, being
done at the highest of these rates, which, however,
is one per cent. under the official prices last paid
yesterday. When the war reports assumed a more
definite shape, and it was known that Ministers
met yesterday at the Foreign-office to discuss
their tenor, the prices fell to 91f to 1. It is
remarked that the telegraphic dispatch just
made public here is the 27th ultimo from Constan-
tinople, whereas that noticed by the Times is dated
the 26th. The value of Bank Stock has been 220
to 222. Exchequer Bills have been 10s. to 13s.
premium.
In Foreign Securities the fall is quite as heavy
as in the English Funds. Russian Five per Cents.
have been 111 to 112, and the Four-and-a-Half per
Cents. 951 to 97. Dutch Four per Cents. have
been at 92 to 93. Mexican Bonds bring only 23
to 4, a fall of 11 to 2 per cent., and Peruvian have
receded to 70. Equador are 4f to Brazilian
Stock ex dividend is at 971. Grenada Deferred
Bonds haVe realised 8. Spanish 3 per Cents. have
been marked 21 to 22, and Swedish 4 per Cents.
92.

The Railway Share Market has been suddenly,
prostaated after the buoyant aspect it assumed yes-
terday, and the fall is from 2 to 3 per cent. in the
best English lines, including the North-Western,
and about 1/. in the French. _

The Gold Mine Shares are heavy, and the Aus-
tralian banks lower, as well as the Land Com-
panies.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Prom the Ofrial List.)
Business done.
3 per Cent. Consols Annuities' 9li 2 14 2 14
Bank Stock for Account 221 2 20
Consols for Account
Exchequer Bills, ld.
£IOOO
2500 8 12
Ditto Small

-----
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Equador Bonds
Grenada Bonds, Deferred
Mexican 3 per Cent.
Ditto for the Account 234
Peruvian Bonds, 44 per Cent. 7O
Russian Bonds, 1822, 5 per Cent. £St ll2 11 12
Ditto 44 per Cent 97 5} 6}
Sardinian Bonds, 5 per Cent 90414
Spanish Bonds, 3 per Cent 444
Spanish New Deferred, 3 per Cent 22 14
Swedish 4 per Cent • • O2
Dividends on the above payable in London.
Dutch Exchange, 24 per Cent. 12 Guil 62
Ditto 4 per Cent. Certificates .. .
HALF•PAST TWO.

Consols
Ditto Ottober Account 94 t

BANK OF FRANCE.—The contemplated increase in the
rate of discount at the Bank of France is looked upon
as certain to take place without delay. The next
monthly return from that establishment will show, it is
said, a further considerable decrease of bullion.
ST. PEZERSBURGH.—The letters from St. Petersburgh
reach to the 26th of September, but contain nothing
new. From Odessa the dates are to the 23d, when the
wheat market was again active. The transactions
Turin; the week had kmntinterl to aly.mt 9,969 guar-
let, s,t wtyßl.ce .A