The Sun.
London, England, 1854-09-11 00:00:00

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C02,13/ERC.T.,4 L INT.ELLMENeJE,

CITY, nco o'CLOCX

The sales of cotton at Liverpool on Saturday
were estimated at 7,000 bales, including 1,500
American taken for export and on speculation. The
market continued unclringed both in tone and
prices. The sales comprised 5,300 American, 300
Pernam and Maranlia,m at 6g.1. to 72d., 40,) Egyp-
tian at SV. to Old., and 1,000 Surat at 3g.d. to
per lb. Railway &iares were firm.
The Nelson, from Melbourne, left Rio de Janeiro
July 25 for Loudon. The Rhoderick Dhu, from
Melbourne to Glasgow, left Bahia Aug. 13. The
Priam, Scott, from Portland Bay, whence she
sailed April 28, is off Scilly.
By the steamer America accounts of August 26
have just come to hand from New York. In the
stock market, on the 25th ult., there was quite a
panic, and forced sales were made in all the
"fancy." Securities, as they are termed,
Erie and Reading, suffered the most.
' The panic in the pub!ic mind relative to Bank
failures is stated to be rapidly subsiding. A num-
ber of Indiana Banks were closing up and with-
drawing their notes from circulation. The " shin-
plaster" Banks of Michigan, Maryland, and Georgia
were considered worthless, i.ut not the free Banks.
The President of the Bank of Carthage had failed,
and its bills were refused, but a good result was
expected. Railroad stock generally was described
as being unsound, but we must take these asser-
tions with due reservation. Flour was still ad-
vancing, and with good sales. Common to fancy
western had been up to 10 and 10i, dollars per
barrel. There was no improvement in freights.
The greatest possible interest was still manifested
in the question of the Indian corn crop, and the
deficiency is undoubted.
Accounts from Saint Dizier of the 7th inst. state
that there were fair orders for iron on hand, and
that the customary slackness in trade at this sea:.
son was not felt iu consequence of the great indis-
position among the workpeeple lessening the num-
ber of persons employed, and affording consequently
more work for the remainder.
The naval force of the Russian Government in
the Baltic Sea is. 31 first-class men of war, and 52
frigates and small vessels.
In the Baltkers' Circular the following remarks are
givenupon the harvest prospects :—" The testimony
of an abundance reacl.es us from every quarter. A
correspondent, writing from Essex, says that there
are monulains of stacks to be found in the fields
and yards of farmers in that county, and that an
average of from five to six quarters per acre is by
no means uncommon. The principal point which
now attracts both sellers and buyers is what will
be about the range of prices. It is, perhaps, in
the absence of any official data as toy the acre-
age of the crops, too soon to form an opinion
that may carry with it any degree of probability.
We find, as usual, that authorities having con-
siderable information at hand differ widely on this
point. But it is of the highest satisfaction to know
that, as regards the crop itself, there is one undi-
vided opinion of its great abundance. The same
satisfactory results are related of the crops through-
out the Continent of Europe. It is, therefore, by no
means improbable that a very large proportion of
their supplies will be thrown into our market
between this and the harvest of 1855, and that
prices will undergo a considerable decline.
This will prove a great boon to the working
classes, who during the last 12 months have
experienced great privations from the high price of
bread, and all other articles of first necessity.
Various estimates are made of the saving to be
effected by this increase in the produce of the soil,
but they are most of them made upon reasonings
too vague to be of any practical value. The total
cost of wheat for the entire population in 1845 was
about 49,663,000/., when the extreme averages
were 60s. ld., and 455. per quarter, whereas in
1847 the total amount was about 68,000,0001.
The English Stock Market has been extremely
quiet, and the number of m( mbers who have left
town causes business to be greatly contracted.
Notwithstanding this, however, and a rise of 3s. to
4s. per quarter in wheat, the quotations of Consuls
have improved from 95.1 to 95fr I. Exchequer Bills
have been 4s. to Bs. premium, and the Small Bonds
ss. premium. The Exchequer Bonds of 1858
have been done at 99/, and those of 1859 at 99k,
each bearing 3i per cent. interest.
In the Foreign Stock Market a few transactions
are recorded at about previous prices. Mexican
are supported at 25 to 25k; Peruvian 6i per Cents.
and Russian 41 per
at 74 ; Grenada Deferred at 6,
Cents. at 90. Spanish 3 per Cents. are heavy at
lsg_, and the Committee's Certificates at 51 to
Venezuela Deferred are marked 10. In Turkish
Scrip and Dutch Bonds there is nothing doing.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred ►
Bonds 6 to 612, Mexi-
can 241. to 25, Peruvian 70 to 72, ditto 3 per
Cents. 51 to 53, Portuguese 4 per Cents. 40 to 41,
Russian 5 per Cents. 97 to 99, ditto 4i per Cents.
88 to 90, Spanish New Deferred 18i to 181:, ditto
3 per Cents. 37i to 38, ditto Certificates 5k to si.
Railway Shares generally, are very firm, and
show scarcely any variation from the closing rates
of Saturday ; but the amount of business doing is
limited. The Foreign lines are quiet, but nomi-
nally steady.
Mining Shares are quite neglected, the Banks are
without particular change, and in the Land Cam-
panies' Shares no dealings have taken place.

BRITISH FUNDS FUNDS THIS DAY AT ONE O'CLOCK.
( From the °Pia/ List.
Bn iness done.
3 per Cent, Consols Annuities 951
Consols for Account 13th Sept.
Exchequer Bills, 2id.
S:1000
2500 5
5
Small
Exchequer Bonds 1858, 34 per Cont. 99i
Ditto 1859, ~
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Grenada Bonds, Deferred
Mexican 3 per Cent.
Peruvian Bonds, 44 per Cont.
Russian Bonds, 1822, 5 per Cont. ZSt —
Ditto 44 per Cent 9O
Spanish New Deferred, 3 per Cent. l4
Spanish Committee Cert. of Coup. not fun. 54 i p o
Venezuela Bonds, 34 per Cent.
Ditto Deferred, 1 per Cent lO
Dividends on the above payable in London.
HALF-
PAST TWO.
Consols ............ . ......................... 953 $
Ditto September Account .