The Sun.
London, England, 1854-06-15 00:00:00

THE SUN, LONDON, THURSDAY EVENING, JUNE 15,

MONEY MARKET

AND
COM MEECIA L INTELLIGENCE'.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 10,000 bales, including 2,000 Ameri-
can, 500 Surat, and 40 Sea Island, taken for ex-
port and on speculation. The market closed with
more steadiness. American, 1-16 d. per lb. lower ;
other kinds without alteration. The sales com-
prised 7,000 American, 250 Pernam and Maranham
at 6d. to 7d.; 200 Bahia at 6&d ; 300 Egyptian at
60. to 10d. ; 2,000 Surat at 2id. to 31d., and
40 Sea Island at 10d. to 2s. 2d. per lb. Railway
Shares were firm.

The steamer La Plata, with the West India
mails, brings 800,000 dollars in specie. The
Jamaica accounts mention that fewer com-
plaints were heard from the planters. The cholera
had re-appeared in many districts, and ended
in many instances. The House of Assembly
had
prorogued. The following is from the
fatally Morning been
Journal :

port, in the schooner Two Sisters, from
" We learn that fifty-three passengers arrived on
NMaovnydaßyay T in.
thitese persons form a portion of the emi-
grants that left this place to work on the Panama rail-
road. Two more vessels, with more returning emigrants,
are shortly expected. This does not speak very favour-
ably for our hardy natives appreciation of the comforts
of the Isthmus. The Barbadian of the 26th April men-
tions that the heat had been so oppressive for some days
past that it might truly be said the warm season had
set in. The country,' it remarks, was deplorably in
want of rain ; having had scarcely any April showers,
we cannot expect to see any May flowers. Our native
food is lamentably scarce and dear. Lots of sugar
worth a good deal of money, but people Can't eat gold
or silver, or bank paper."

The steamer Great Western has the Brazilian
and Buenos Ayrean mails on board. The letters
add nothing important to what is given in another
column.

The steamer Franklin, telegraphed as having ar-
riven off Cowes, has on board 1,300,000 dollars.
This is, no doubt, all for Havre, but the con-
tinuous receipt of so much bullion, whether in
France or England, cannot but afford ease to the
European money market generally. The curtailed
means of some of the United States Banks began
to tell upon discounts, and to affect commercial
houses, which found themselves deprived of
their ordinary accommodation. Besides the four
suspensions at Baltimore, the firm of 'William Platt
and Co., at Philadelphia, had stopped for a million
of dollars. Cotton was rather cheaper, but flour
had advanced.
Some conscientious individual, who failed to pay
taxes due at former periods, has forwarded to the
Chancellor of the Exchequer ten Mexican. Bonds
of 5001. each ; and there was a little amusement
excited in the Stock Market this morning by the
Government broker appearing as a, seller of the
security.

Complaints are very generally made at the de-
ductions from dividends in course of payment of
the increased income-tax, at the rate of 14d. in the
pound, for six months, and we understand that
Messrs. Rothschilds, B:arings, and other capitalists
having interest to pay upon foreign securities, de-
ducted it even last month. If, as every one sup-
posed, the doubled impost was to be levied for
twelve months from March last, it is clear
that half-yearly dividends palling due in May
should only be charged at the rate of 7d. in the
pound for 4 months, and 14d. for 2 months. Au
appeal lies against the exaction, we may be told,
but its necessity would have been obviated by pro-
per instructions from bead quarters.
In. the English Stock Market business con-
tinues very limited, but prices are firm. Con-
sols have been 91k to for Transfer, and
are now 91k The sales of Reduced 3 per
Cent, and New 31 per Cent. Annuities made
by the Bank broker within the last two or three
days, are by some attributed to the Savings Banks,
and it is said they will replace their stock by Ex-
chequer Bonds, the issue of which to the amount
of another 4,000,0001. has been authorised by the
bill which was read a third time on Tuesday. If
the banks do not take them, the open market will
probably be tried, or tenders invited, which
would amount to the same thing. The dis-
count market being now easier, there is a
fuller supply of cash for temporary invest-
ment, but Exchequer Bills would probably be
preferred. These latter continued at par to 4s.
premium. East India Bonds have been Is. to 3s.
premium. The New 31 per Cents. have been at
911 to 02, and the 3 per Cents. at 91t to
Foreign Securities have been dull, but the quo-
tations have not varied materially. Russian 5 per
Cents. have been marked 981, and the 41 per Cents.
861. Mexican Bonds have been at 244. Spanish
New Deferred are 191, and the Passive 441. Dutch
2i per Cents, are 60 to 60g.
The Berdan Machine Company have received by
the last ship further advices from Mr. George
`Windsor Earl, their agent in Australia, containing
additional orders from Sydney rA,nd. Melbourne for
the machines, remittances, end accounts of his
proceedings. The reports of the investigation by
the Society of Arts and t'ne.lustiituvte beeniori of
pAulebclihsahneid-
cal Engineers at Birr,-Angham, have
in fall,
gn an
of l firheaintee. st interest is shown in the
The model machine was
working
otlehe .ine
deposited 'with the Hon. Charles Nicholson,
Speaker of the Legislature. At a special general
meeting of the Wentworth Gold Mining
ComrAny, held on the 15th of March, it
was 'unanimously agreed to order one large ma-
'',nine, and subject to the decision of their represen-
tative in London to obtain a further number of
machines. Attention is now directed to make the
production of gold a permanent pursuit, awl the
,'irtney Morning Herald, in an article on Quartz
Crushing, says if the production of gold is to be
permanently useful to the colony, it will not
so under the desultory and nomadic life
which is followed by the gold-digger. The gold-
fields“ rbuescl imnge,
and ranges of this colony must be worked on
a grand scale. Capital and skill must be employed,
and labour mustmeet its ordinary lot of subjection,
at fair and remunerative wages to the enterprise of
the employer."
The last week's railway receipts ascertained up
to this day are in round figures as under :

1854. 1853.
Great Western

.
North-Western 58,g17

50,640

South-Western
_ _

Brighton
Midland