The Sun.
London, England, 1854-06-24 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK,

- - ---
There was a fair general demand for cotton at
Liverpool yesterday, the market closing steadily
at the highest rates of the week. Sales, 15,000
bales, including 5,000 taken for export and on
speculation. Railway Shares were quiet but firm.
The following is a report upon the Silk Trade by
Mr. H. W. Eaton :

" The attendance has been smaller than usual, and
the same indisposition to bid evinced, the quantity sold
in the room not exceeding about 300 bales, exclusive of
damages.

"BY private contract, however, a very fair business
has been done in Chinas during the week, with a still
improving demand for export. The prices realised have
been for Tsatlee 11s. 6d. to lb. 6d., for Taysaam 10s.
to 113., and for long-reel Os. to,lls. 6d. Best silk, both
in Tsatlee and Taysaam, still forms a very small propor-
tion of the existing stock.
"In Bengals the transactions have been extremely
limited.

"It will be observed that the deliveries continue
large, and, on the whole, I think the position of the
market may be considered as improved."
The position of the Liverpool Wool Market is
thus described by Messrs. Abram Gartside and Co.,
of that place

" At the public sales Which began here 20th inst.,
and concluded to-day, 10,200 bales having been offered,
a considerable number of buyers attended, and for the
middle and better classes of East India wool, suitable
for blankets and army clothing, there was steady com-
petition, and former prices were fully supported, but
Mediterranean and River Plate kinds were neglected
and chiefly withdrawn, although holders were willing to
make some concession in price. The quantities offered
and prices realised are detailed below, viz. :-5,650 bales
East India : fine white 101 d. to 12d. ; coarse to middling
do. 6d. to 9d. ; fine yellow 7d. to 9d. ; coarse to middling
do. 41d. to 6id. ; fine coloured sd. to 61d. ; coarse and
rubbish Id. to 3d. ; native black 24d. to 31d. • grey
do. 2d, to 21d. 816 Egyptian : a few Ist white 84d. to
9d. ; 2d, 6d. to 74d. ; coloured and locks sd. to 7d.
670 West Coast : washed Arequipa 101 d. ; inferior
Lima 41d. to 6id. 1,174 River Plate, 447 Portuguese,
529 Mogadore and Barbary, 542 Turkey, 300 sundries,
nearly all withdrawn."

The changes in the balance-sheet of the Bank of
England for the week to the 17th inst. were of
'some importance, and generally bore evidence of
greater ease. In the issue department there was
an extension of notes, owing to the large augmen-
tation in the bullion, but these notes were not
taken into circulation, owing to the falling off in
discounts, and the sale of Government Securities or
their withdrawal from the Bank in consequence of
the repayment of loans previously obtained thereon.
There was an increase likewise in the deposits, a
farther proof of cash being more plentiful. Com-
pared with the previous week, the changes were as
follows

£19,700,575
613,530
13,109,377
381,324
3,194,253
Increase
Public Deposits 3,212,382
Increase 218,714
Other Deposits
Increase 30,361
Seven-Day and other Bills
Increase
Government Securities 9,720,499
Decrease..... 303,982
Other Securities 15,374,237
Decrease 425,707
Notes unemployed 6,672,680
Increase
The returns of the Bank circulation of the United
Kingdom for the month ended the 13th instant, as
compared with the previous month, give the fol-
lowing results :

Active circulation
Decrease ... -
Bullion
Increase

Rest

Increase. Decrease.
Bank of England £21,908,951 47 604
Private banks of Eng-
,
land. 3,950,026 45,577
Joint stock banks of
England 3,135,188 _ 17,966
Scotch banks 3,967,606 133,508
Irish do 6,585,520 — 55.891

The total, therefore, is 39,547,2911.—an increase
upon balance of 57,6241. Compared with May,
1853, there is some increase in the circulation.
There was an improvement yesterday afternoon
in the rates of Bills of Exchange drawn upon the
chief Continental cities. Paper dated 90 days was
negotiated at 25 25 to 272 on Paris, 11 17 to I on
Amsterdam, 13 4/ to 51- on Hamburgh, and 13 10
to 15 on Trieste.

Silver dollars are in demand at ss. 21d. All the
gold per Australian steamer has been sent into the
Bank of England, there being very little demand
for export.
During the fortnight to yesterday evening the
honourable East India Company drew bills on the
three Presidencies to the amount of 59,2981.
The Ecuador bondholders held a meeting yes-
terday, and determined to reappoint Mr. Mocatta
as their agent to proceed to the Republic. For
this purpose, the sum of 1,5001. is required, and
the Spanish American Committee having liberally
subscribed, there will not be much more than
1,0001. to raise. Interest at 6 per cent. is to be
allowed on this, with a bonus of 25 per cent. when
a settlement of the debt is brought about. The
report of the Spanish American Bondholders' Com-
mittee shows conclusively that the Legislature
endeavoured to shirk an agreement which they had
themselves authorised.

The exports of bullien from London direct during
the week to Thursday last, were 139,451 ounces of
silver, and 920 ounces of gold, all to the Continent.
The English Securities have been tolerably firm
again, and there has been a good deal doing. Con-
sols have been done at 94k, and are now at 933 to
94k. The New 31 per Cents. pave realised 94i to
and the 3 per Cents. after being 941 are now
931. The change in the Ministry at Paris al-
though not of importance, has a slight effect, but
the highly favourable Bank returns give support
to prices, coupled with the official announcement
by Messrs. Rothschilds, that they have contracted
for the B series of the Exchequer Bonds at 98.
The value of Exchequer Bills is 2s. discount to 2s.
premium.
Foreign Stocks are very inactive. Mexican are
at 24} ; Peruvian 3 per Cents, at 51 ; Equador
at 33. Belgian 4-k per Cents. are quoted 91. There
have been no dealings in Dutch, Russian, or Span-
ish Bonds.

Railway Shares are generally very buoyant.
Caledonian are up about 155., Lancashire and York-
shire 10s., Brighton 155., North Western 11., North
British 55., Oxford, Worcester, and Wolverhampton
also ss. up, and most of the others are at previous
rates, with an advancing tendency. Foreign shares
were at full rates, but very quiet. Paris and Lyons,
however, are somewhat flatter.
Mining Shares are very dull and heavy. St.
John del Rey are fully 1/. lower. Linares have de-
clined 55., and Pontgiband 15s. to 1/.
Bank Shares are firmer. English, Scottish, anti
Australian are up about 7s. 6d., and London and
County ss.
Crystal Palace are rather better, and Land Com-
panies' inactive. The South Australian 11. cheaper.

BRITISH FUNDS THIS DAY.—CLOSING PRICES,
( From the °tidal' List. )
Business done.
3 per Cent. Reduced Annuities 9l 3i 44
3/ per Cent. Annuities
Long Annuities, Expire sth Jan. 1860
India Bonds, £lOOO . ... ...... 2 d 1 p
Consols for Opening 19th July
Exchequer Bills, 24d.
21000
S5OO 2 d 2 p
Small 1.4 p

PRICE OF FOREIGN FUNDS THIS DAY.

Equador Bonds
mexican 3 per Cent.
Peruvian 3 per Cent.
Dividends on the above payable in London.
Belgian Bonds 4 per Cent. ex. 25 fr

.TIVO O'CLOCK.
Consols for Opening 19th July

TIIE ROYAL FREE HOSPITAL.

of yesterday, I trust that
TO THE EDITOR OF THE SUN.
Sm,—ln consequence of the injurious and grossly mine.
tciunrea,teassrteaptoermteltsincotnhteainTeidmain tho speech of Mr. Ballan.
you will allow me, as an act of justice,
.to mention that,
instead of having operated on the child Richardson during
a period of "40 minutes," as alleged by Mr. Ballantine,
did not operate at all. I did not make a single incision,
nor did I once pass a forceps into the wound.
The object of the parties who instructed
need not be described. —I am, Sir, your obedient servant,
THOMAS WALLET, jun.
Guildford-street, Russell-square, Juue 22.

THAMES NATIONAL REGATTA.--This metropolitan
fete, to take place at Putney on July 25, 25, and 27,
promises to be worthy the name it bears, and an honour
to the first city of the world. The liberal prizes to be
given to waterinen and crews generally will not fail to
bring together from all parts of England some of the
best men ever seen on tho Thames, who have signified
their intention to compete for them. Its opportune oc-
currence at the time so many continental celebrities will
be over here in connection with the Exhibition fetes
must be a source of general satisfaction, as foreigners
will see that although many of our sailors have been
drawn away we have still a stock left at home, even in
the very heart of the metropolis, from which to replenish
any casualty ; and they cannot fail to note the useful
tendency of our national and manly sports as developing
the pbysigal powers of our population.