The Sun.
London, England, 1853-02-03 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, Two o'CLoclt.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 2,000 American
were taken for export and on speculation. The
market closed firmly—American and Surat were
id. and Maceio d. per lb. higher. The sales com-
prised 6,500 American, 500 Pernam and Maranham
at 6d. to 6id. ; 100 Bahia, at 61d. ; 300 Egyptian,,
at 6d. to 11d."; and 600 Surat, at 30. to 41d. per
lb. Railway Shares were very heavy at lower
prices.

The six-weeks' average price of wheat is 465. per
quarter.

The following is from the monthly circular of
Messrs. Lamond and Co. :

Among the miscellaneous companies which have been
introduced to the public, but with little succe3s, are the
following. We give a bare enumeration of title, capital,
and share, being fully prepared to find that they sunk
immediately into oblivion. Himalaya Tea Cultivation
Company, capital 100,0001., in 10,000 shares of 101.
each, deposit 1/. per share, 5,000 shares to be allotted
in India. St. Eloi de Carieres Sud and Mont Ste. Alde-
gonde Coal Company, capital 184,0001., in 46,000 shares
of 4/. each, the whole of which, with the exception of
10,000 shares offered in London, will be distributed
among the original proprietors and in Paris. Upper
Canada Mining Company, with limited liability, capital
80,0001. sterling, in shares of 1/. each, deposit 5s per
share. Brazilian Diamond and Gold Company, capital
65,0001., in 65,000 shares of 1/. each, 10,000 shares re-
served for Brazil. British Sugar Refining Company,
for working Bessemere's patents, capital 200,000/. in
40,000 shares of 51. each, 21. to be paid on allotment,
and no further call to be enforced without the concur-
rence of a general meeting. The Union Gold Mining
Company for California Exploration, capital 100,0001.,
in 100,000 shares. The Anglo-Australian and Gold
Miners' Mutual Life, in 15,000 shares of 101. each. The
Grosvenor Lead Mining Company, in 10,000 shares of
1/. each. The Trevalga Slate Company, 10,000 shares
of 1/. each ; and the Dysonant Slab and Slate Quarry
Company, capital 12,0001., in 12,000 shares of 1/. each.
Upon English Mines Messrs. R. Tredinnick and
Co. report as follows :
" A very large and increasing amount of business has
been effected in the share market during the past week,
and generally with an upward tendency. Dividend stock
is mostly in demand, yet considerable inquiry existed for
progressive mines, upon which capital is subscribed or
expended, and which the present high prices of metals
will probably shortly place in the dividend list. Calling
mines are very justly shunned by capitalists, and we
would strongly advocate the principle of subscribing at
starting ample funds to mature and develope the works,
instead of prolonged liabilities in the shape of refreshers
every two or three months, of call upon call, as we re-
gret to state is too often the case—more especially in
mines weekly held and generally issued at a considerable
premium upon the very smallest possible subscription.
Why should not mining be carried out upon the extensive
and comprehensive principle of legitimate and enlight-
ened commercial enterprise which its importance, mag-
nitude, and profitable yield demands. In thousands of
instances, hundreds of thousands—and even millions—
have been subscribed upon less favourable promise of re-
venue than that possessed by a Buller or a Devon Great
Consols of the present day—or an East Wheal Rose,
Friendship, Tresaveau, or Dolcoath of the past."

The last week's Railway receipts, ascertained up
to this day, are in round figures as under :

Great Western
North Western
South Western
Brighton
Midland
South Eastern
Caledonian
Great Northern
Lancashire and Yorkshire
York and North Midland
N ewcastle and Berwick

1853. 1852.
16,764 15,741
44,605 39,828
9,644 8,617
9,128 7,728
22,667 20,608
12,841 10,823
8,289 6,856
13,055 10,608
17,119 15,111
7,900 7,322
13,876 14,074

The dividends upon the different railways are
now mentioned in Stock Exchange circles with
something like an approximation to accuracy, and,
without guaranteeing the statements made, we
may reproduce some of them as being of interest.
The London and North-Western is expected to pay
only at the rate—of 5 Per cent., but will have a
largo reserve, and, by trenching upon the
balance in hand, could, it is said, have
paid at the rate of 5i per cent., as some of the
parties connected with the company desired
to do. The Caledonian will yield 12s. per share
for the 6 months, and the South-Eastern about
11s. 6d. to 12s. The Great Northern is likely to
afford 2t per cent., and have a " rest." The South-
Western, it has been asserted, will give at the rate
of about 4 per cent. per annum, and, if so, there
will be no reason to complain; nor need holders of
railway property generally despond, for it was sel-
dom in a healthier condition, and must in time
afford a larger return.

The London and County Bank have just declared
a dividend for the half-year, at the rate of 6 per
cent. per annum, and given a bonus besides of 2
per cent., free of income-tax. A guarantee fund
for the clerks is also to be established.
The letters by the West India Mail are of the
usual complexion in respect to agricultural and
mercantile affairs ; but from Mexico there are ac-
counts of considerable interest for the bondholders.
In consequence of the Outbreak at Tampico, the
Government had placed all the Customs duties of
Vera Cruz at the service of the military authorities.
Mr. Falconnett, however, had obtained a with-
drawal of this objectionable offer, though not before
some portion of the money had been applied. Mr.
Doyle was determined to prevent any future pro-
ceeding of the kind, as far as lay in his power.
By the Amphitrion, 28,000 dollars have been sent
from Mazatlan ; but the 70,000 dollars from Mr.
Exandon were still in the city of Mexico, awaiting
a conducta to Vera Cruz. There was a better
prospect of obtaining something from Messrs.
Manning and Mackintosh. The amount of
bills in the hands of agents in Mexico is
146,828 dollars, and the total here and in Mexico
available fora dividend is 302,649 dollars.
The Bank of England has not this morning
further advanced the rate of discount.
The English Stock Market has been firmer,
without any positive change in prices. Consols
have been 99i for money and since 99 to *. For
Account they have been 99* to 1. Exchequer
Bills are 55 to 58 premium. Bank Stock is worth
228 k.
Foreign Securities have been fiat. Mexican have
gone back to 22 .1. Spanish Deferred are only
22# to g. Equador firm. Portuguese about the
same.

In Railway Shares the business done this morn-
ing has been very limited, and there is a further
decline in price in some instances. The aspect,
however, yesterday afternoon, was scarcely worse
than it is at present. The somewhat meagre divi-
dends give encouragement to the Bears. French
Shares have been exceedingly dull, and Upper In-
dias have advanced
Gold Mining Shares are dull, but without any
particular alteration in prices, except the United
Mexican, which have fallen about 10s.
The Australian Agricultural Shares have further
declined 3/. to 5/.

BRITISH FUNDS THIS DAY.
(Front, the Official List.) _

Bank Stock - Buiiness done.
3 per Cent. Reduced Annuities 228A1004 994
3 per Cent. Consols Annuities
New 34 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860..... 6 7---6 a
India Stock!267
India Bonds, £lOOO 65 7 3
Ditto, under £lOOO 65 7 3
Consols for Account 10th February 994 *
Exchequer Bills lid: March. Juno.
£lOOO..
£5OO 5B 5
Small 5B 5
PRICE OF FOREIGN FUNDS THIS DAY.

Brazilian Bonds, 5 per Cent. lO2l
Ditto New, 1852, 4i per Cent 971
Ditto New Bonds, 1829 di 39, 5 per Cent 1034
Buenos Ayres Bonds, 6 per Cent 66
Equador Bonds si i
Grenada I Bonds, Deferred,
Ditto Ex Dec., 1849, Coupon 2l
Mexican 3 per Cent 22
Ditto for the Account 221 I i
Peruvian Deferred 3 per Cent 62
Portuguese 4 per Cent.
, panish Bonds, 3 per Cent . 4O
Ditto Now Deferred, 3 per Cent 22a g B
Spanish Passive (Converted) 5l
Swedish Loan 2 d
Austrian Bonds 5 per Cent.. ....... .....
Belgian Bonds,l4l per Cent. Ex. 25fr. .... 98
Dutch Exchange 2i per Cent
CaDitto 4 per Cent. Certificates...
.... 97A 1
THREE O'CLOCK.
Consols • .
99
1
Ditto February Account

RATES OF EXCIIANGE.—The advices from the Conti-
nent show no alteration in the various rates of exchange.
The Paris letters as yet make no comments on the state-
ment that Count d'Argout is about to retire from the
Governorship of the Bank of France, and to be suc-
ceeded by M. Bineau. From Lisbon it is mentioned
that the recent decision of the London Stock Exchange,
with reference to Portuguese securities, and the forced
reduction of interest, has severely damaged the position
of the Government. The Berlin accounts state the de-
finitive conclusion of the cont( amplated arrangement with
English engineers (Sir Charlos Fox and others) for the
construction of waterworks in. that city.