The Sun.
London, England, 1854-01-27 00:00:00

MIP!‘MMm!INLIINIIM

THE SUN, LONDON, FRIDAY EVENING, JANUARY 27, 1854.

MONEY MARKET

AND
COMTERCIA L INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, all to the trade. The
market closed heavily with American at 52d. to
61d., Ad. per lb. lower. The sales comprised 4,000
American, 100 Bahia at 6id. to 6id., 100 Egyptian
at 6d. to 61d., and 500 Surat at 31d. to 4id. per lb.
Railway Shares were rather flat.
Colonial produce has met with a fair inquiry
during the week, apart from speculation dealing.
Sugar has supported previous prices. Native
Ceylon coffee has been in demand. Plantation
rather lower, and tea dull. A good business has
been done in rice. Saltpetre has advanced ls. to
2s. per cwt., and rum is at enhanced values.
Tallow which had risen to 645., has declined again
to 635. Hemp and flax are dearer.
A report has been issued by the managers
officially appointed in the year 1851 to examine
into the affairs of the Monmouthshire and Gla-
morganshire Banking Company, which suspended
payment in October of that year. To a certain
extent this is satisfactory. Those shareholders
who have paid the full amount of their 601. call
will, probably, not be called upon for any further
sum. At the time of the suspension the paid-up
capital amounted to 220,6391. ; and the whole of
this was lost, besides 800,0001. being owed. A
composition of 15s. in the pound was accepted by
the creditors, ss. being paid down, and the rest in
two years. We may point to this winding-up as
perhaps the most satisfactory on record. In two
years all the creditors who accepted the composition
will have been satisfied, and 83,0571. will have
been gained to shareholders, besides a reduc-
tion in the other liabilities of about 149,793/.
A great saving is said to have resulted from
the operation of the Winding-up Act, and this
is a favourable reason why that act should be sim-
plified and improved and rendered more compre-
hensive. We are aware of a large number of in-
stances in which great expense has been incurred
without anything like a satisfactory result.

At the time of the Great Britain's arrival at
Liverpool from her first Australian voyage, we
ventured an opinion that if rigged similar to the
other steamers running to the southern colonies, site
would not be behind any of those, the modern built
vessels, in sailing capabilities. This opinion, of
course, involved the inference that our builders had
not succeeded in any sailing improvement upon
this pioneer ship, which was " laid down" by Pat-
terson 16 years since. The intelligence brought by
the sailing ship Hurricane more than bears out our
apparently sanguine expectations. In confirma-
tion wo make comparisons with the outward voy-
ages of the Sydney, Argo, and Victoria. The
Great Britain runs from Liverpool to Melbourne
in 65 days, including her detention at St. Vincent's.
Her engine power in ratio to tonnage is as 1 to 7.
The Sydney (this vessel's arrival in Australia is
also reported in the letters per Hurricane) runs from
the Lizard to Adelaide in 69 days ; to this must be
added 36 hours sailing difference between the
Lizard and Liverpool, also 60 hours sailing dif-
ference between Adelaide and Melbourne, making
the relative passage 73 days, or 8 days in favour
of the Great Britain. To this must be added the
fact that the Sydney has an engine power in ratio
to tonnage of 2t09,0r 1 to 4i. The Argo runs
from Southampton to Melbourne in 64 days ; to
this must be added 24 hours sailing difference be-
tween Southampton and Liverpool, making the
relative passage 65 days, or the same as the Great
Britain, but the fact of the latter ship having been
detained at St. Vincent must be taken into the
comparison, and the engine power of the Argo in
ratio to tonnage is as ICo 6. The Victoria is the
only screw steam-ship that has made relatively as
good a passage as the Great Britain ; but then,
she has an engine power in ratio to tonnage as 1 to
4 ; while, as we have already stated, the Great
Britain's is only Ito 'T. We are equally confident
that Capt. Mathews will not disappoint us with
the homeward run of this noble specirden of marine
architecture.

BRITISH MlNEs.—Transactions this day have
been conducted on a very limited scale. The fol-
lowing have been dealt in :—East Russells, 6i ;
Great Tregune Consols, 3 ; Unys, 11 ; Sortridge
Consols, 255. 305.; Wheal Edward, 21 3 ; Polti-
mores, 1 14-Britannias, ; Molland, ; Wheal
Wreys, 30s. 355.; Great ilugos, 1 1 ; Treweather,
The English Securities have been buoyant again,
Consols having realised 91 and 91k, but being now
90i 4. The fluctuation just at present arises mainly
from the " ins and outs" of the speculators, who
may have bought lower or sold higher a few days
since. New 3k per Cents. have been 92 to
and the Three per Cents. 91k to 1. Exchequer
Bills are 9s. to 12s. premium, an improvement of
Is. Nothing has been done in Bank Stock.
The foreign stock market is better, and with an
increased business doing. Mexican bonds are
quoted 221 to 23i ; Spanish 3 per Cents., after
being 40k, have declined to 39i, and the Deferred
191. Dutch 21 per Cents. have been quoted 61 to
1, and the 4 per Cents. 911 to 921.
The railway market is livelier, and the quota-
tions have advanced. The improvement in the
principal lines is about 1 per cent., but there is
now again a slight reaction. French shares have
been quiet, at ss. to 10s. advance.
The Land Companies' shares have been rather
higher, and the Banks firm, but inactive. The
Union is about 10s. better. The Gold Mines are
quiet.
The current prices for the Jamaica Mines not
officially quoted were as follows :—Jamaica, par to
I prem. ; Metcalfe, gto prem. ; Sue;River, / dis-
count to par ; Port Royal, a to prem.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Business done.
por Cent. Reduced Annuities 914
3 per Cent. Consols Annuities 9ll 1 4 900
Now 3 } per Cent. Annuities 924 4 2
Long Annuities, Expire sth Jan., 1860 -16
India Bonds, £lOOO
Ditto, under £lOOO par
Consols for Account 15th Feb. 914 904 1
Exchequer Bills, ld.
£IOOO
Small 8
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Danish Bonds, 1825, 3 per Cent B2
Ditto 5 per Cent
Mexican 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £St lO5l 64 6
Ditto 44 per Cent 9l 89
Spanish Bonds, 3 per Cent 4O 4 394
Spanish New Defe-xed, 3 per Cent. 194
Ditto Passive (Converted)
Dividemis on the above payable in London.
Belgian 89
IBonds 44 per Cent. ex. 25 fr
Dutch Exchange, 24 per Cent. 12 Guil
Ditto 4 per Cent. Certificates .
Ditto Bonds 9lB
HALF-PAST TWO.
Consols 904 1
Ditto February Account

DEATEr OF SM . RALPH LOPES, BART, M.P.—We
regret to state that Sir Ralph Lopes, Bart., one of the
members of the southern division of the county of Devon,
died, on the night of the 24th, at his seat at Moristowe,
near Plymouth. The worthy baronet had been in a
weak state of health for many months past, and his
death was not unexpected. Several names have already
been mentioned for the vacancy in the representation of
the county, but none so positively as to warrant publicity
at present. The deceased Baronet is succeeded in the
title by his eldest son, now Sir Massey Lopes, born in
in 1818. A second son survives, who is a barrister-at-
law.
VAN DIEMEN'S LAND.—From Van Diemen's Land
the dates are to the 19th of October. A subscription
list has been filled for 10,0001. as a reward to any per-
son who should discover an attractive gold field. The
Fingal deposits still yielded small amounts, but what
was wanted was a field that might compete with those
of Victoria.
Poni PHILIP.—The letters and papers from Por
Philip, by the Hurricane, reach to the end of October,
and are about a fortnight later than those previously re-
ceived. Their contents are satisfactory, both as regards
the supply of gold, which was coming in freely from
the mines, and the general state of the import markets,
prices in a large majority of cases being still remune-
rative. The last advices from England had been brought
by the Great Britain, which had made the passage in
65 days, but her number of letters was not large. She
was to sail on her return passage on the 3d of Decem-
ber, and may therefore, perhaps, be expected in the
course of a fortnight. The mismanagement of the ocean
postal service by the home authorities was still an angry
topic with all classes.
GREENWICH HOSPITAL IMPROVEMENTS.—Yesterday,
by direction of the Commissioners of Greenwich Hospital,
Messrs. Pullen and Son disposed of, by auction, the
extensive premises known as the Chest House, which
is situated on the esplanade at the west end, adjoining
the pier. It is intended to remove the building, in
order to widen the area, which will be formed into an
extensive lawn. Very considerable improvements have
been lately carried out at the hospital. A new iron
railing has been erected in the front facing the river,
and the domes over the two towers have been regilt,
the ground has had pipes WI down in it for the pur-
pose of draining the water from the surface, and new
gravel walks have also been formed, to which the pub-
lic, as well as the pensioners, will be admitted. Va-
rious other improvements are in contemplation.