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

Efebtri) libttion

BIBURY RACES.

(THIS DAY.)
(BY ELECTRIC TELEGRAPH.)
50 SOVS. SWEEPSTAKES.

Letus
Golden Plover,
Orinoco

Three ran.

ANDOVER STAKES.

Azael
C out of Counsellor's Dam
Hirsuta
Heriot

Rosalino
Bay Celia,
Sofa

CHAMPAGNE STAKES.

Ten ran.

Pelion not arrived.

""3

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 6d.
to 71d., 50 Bahia at 60., 800 Egyptian at 60.,
and 600 Surat at 3d. to 4ld. 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 41. 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 =nifty
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 made 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
and July, or in April and October. Annuities granted
under this act will not be assignable except incase 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 2/ per cent. This is quite in
consonance also with what is observable in the
Stock Exchange, where cash is readily obtainable
at 14 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, but there is required
some more positive assurance that peace will be pre-
served, in order to restore confidence. Consols have
been 98.12 g. The New 3,1 per Cents. have been
104- 1, and the Three per Cents. 99 to g. Bank
Stock has been supported at 229. 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, 941 ; 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 27. k to 28k.
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 1/. in the South Australian.
The Australian Bank Shares are duller.

The non-official prices are Central Railway of
France 11-, to premium, Metcalfe Mine 5 to 6
premium, Port Royal 1 to Sue River to 1,
and Jamaica 21 to 21 premium.

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

Business done.
Bank Stock ......... ..... ......................... 2294
3 per Cent. Reduced Annuities . - 991 h 3
3 per Cent. Consols Annuities
New 31 per Cent. Annuities loll} i
Long Annuities, Expire sth Jan., IS6O
Consols for Account 984 fi
Exchequer Bills, ld.
£lOOO
£5OO 5 2 p
Small 5 2 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent 62
Chilian Bonds, 6 per Cent...
Russian Bonds, 5 per Cent.
Ditto for the Account
Ditto, 4 per Cent.
Ditto Small
Sardinian Bonds, 5 per Cent.
HALF•PAST TWO.
Consols for Opening 19th July 984 i x d

10
20
20
20

50
40
25
25

2sl

20
20
10
St.

St.
St.
St.
St.

20
20
50
20

25
10
106