The Sun.
London, England, 1853-10-18 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 2,500 American

were taken for export and on speculation. The market
closed firmly without alteration in prices, except
American, at 51d. to 61d., which were id. per lb.
higher. The sales comprised 6,500 American, 300
Pernam and Maranham at Gid. to 7-.41., 30 Bahia
at 6d., 200 Egyptian at bid. to 81d., 700 Surat
at lid. to 41sd., and 40 Sea Island at ls. 6d. to
is. 9d. per lb. Railway Shares were dull at lower
prices.

A vessel, the Undine, has arrived from Van Die-
n:Ales Land. She brings dates to June 16, but
'whether there is any gold on board is not yet as-
certained.
In the accounts from Mexico there is some inte-
resting information respecting the grant of land to
the American Company, and Mr. Gadsden's in-
istructions thereon. The Eco del Comercio of Vera
Sri, observes :
" We already intimated, in our editorial of the day
before yesterday, that if the good result of the mission
Which the American Minister proposes to affect at this
government is to influence the harmony and concord of
the relations which exist between Mexico and the re-
Public of the North, we see that it is very possible those
relations may alter, because the projected propositions
can by no means be made agreeable to Mexico.
"In the first place the concession of a strip of our
territory at the thirty-second degree of latitude, for the
Purpose of constructing for the United States a railroad
to put them in communication with their possessions in
California, presents inconveniences of such a nature
that the imaginary advantages of which the use and profit
of the, road would be in common to bcth countries
teith er offer nor can offer an adequate compensation to
the prejudicial eflects which Mexico would sustain, even
Without referring to the question of many accessory
complications, but supposing the proposition limited to
the concession of the land.
"The Echo then proceeds to grant, that under the
faithful administration of the affairs of the road the
government of Mexico, in common with that of the
*United States, would enjoy the advantages of conduct-
ing troops, correspondence, baggage, provisions, and
Anything else required for the public service, at half the
usual rates, as well as other advantages. But on the
other hand it contends

"With the cession of the land for the railroad the
government would not secure advantages for Mexicans.
Our relations with the northern republic by land are
reduced to nothing, and it cannot be otherwise when
Mexico wants interior roads by which to convey, at
little cost and with speed, the products of the United
States consumed in our country.
"And it, roceeds to argue that as at present, neither
by way of Matamoros nor through El Paso, foreign
imports are introduced into Mexico, for the reason just
assigned, so they would not be introduced by the rail-
way, but still by Vera Cruz and Tampico.
" Surely here is a cause for deep reflection on the
narrowness of the scope with which such a vast under-
taking as the Pacific Railroad is regarded in the very
country of all others whose salvation depends on the
power of its inhabitants to appreciate and prosecute
corresponding and subsidiary undertakings.
"The Eco goes on to say that for the Mexican Go-
vernment to consent that such a people as the Americans
should traverse its most thinly populated and undefended
frontier, would be tantamount to consenting to the loss
of the nationality of the people. That is a fear that
May as readily be excused as it may be removed by ap-
propriate provisions.
"After this the Eco overthrows its own objections as
%0 the possibility of introducing imports into Mexico by
the railway, by admitting that with all the difficulties
said expense smugglers would do it to such an extent as
to keep the treasury empty."
The transactions in the English stock market
hive been principally for money, and advantage is
l_again taken of the decline that has occurred since
141 It Week to make investments. It begins to be
fitted, therefore, that an energetic course of
action would not be a subject for fear, and that war
has no terrors to powerful nations united as are
Trr,gLan4 and France. Consols have been 912 4 for
e
914 for Account. The present rates
01-11:" 94 11, after having been rather sellers at
k Stock is quiet at 216 to 218. The
south
Sea New Annuities realise mi. The New
Three-an
the Threed-a-Quarter per Cents. are 92a to 4, and
have per Cents. 904 to 904. Exchequer Bills
been quoted 4s. to Bs. premium, and India
58. discount.
In the Foreign Bonds there is very little doing.
Mexican are steady at 24, and Equador have risen
to 54 I. Milian Six per Cents. have been quoted
100 i, Buenos Ayres 58, and Brazilian New Four-
and-a-Half per Cents. 96i. Spanish' Stock is worth 212. Dutch T New Deferred
Cents. are 63i.
w'arid-a-Half per
In English Railway Shares there has been
less doing, and the quotations, consequent) 'much
e_
sent no change of importance. Great Western
rather better, and also Caledonian ; est-
South-Ware
ern. are somewhat feeble. Norfolk are well sus-
tained. The French lines have been steady, al-
though not active. Namur and Liege are well
supported.

The Australian Gold Mine Shares have been
quiet. The Imperial Brazilian have advanced.
The shares of the Australian Agricultural Land
Company are still in request. The Peel River also
are good.

BRITISH FUNDS THIS DAY.
(Prom the Official List.)

Business done .
Bank Stock
2 Per Cent. Reduced Annuities 9oiiiii
3 per Cent. Consols Annuities 9liiiiiii
3.,Jer Cent. Annuities, 1726
32Biliii
'ew 31 per Cent. Annuities
114°1,g An uities, Expire sth Jan., 1860
lkta Bonds,n
£lOOO . ..... ~....... ............
bit under 21000 5 d 4 p
South Sea New Annuities
3 per Cent. Annuities, 1751
100 i
91i i 6, B
Exchequer Bills, 2d.
£lOOO 400
p
Small 4 8
48p
, PRICE OF FOREIGN FUNDS THIS DAY.
zrazilian Bonds, 5 per Cent
'nlie , Ditto New, 1852, 4. per Cent 961
llos Ayres Bonds, 6 per Cent 5B
ehilian Bonds, 6 per Cent
Equador Bonds
Mexican 3 per Cent.
S Ditto 4 per Cent '97
Danish New Deferred, 3 per Cent. 2li
Dividends on the above payable in London.
Elf,
L-11 Exchange, 2. per Cent. 12 Gu11..,., 631
Ditto 4 per Cent. Certificates .. _

THREE O'CLOCK.
Consols
Ditto October. Account 9l