The Sun.
London, England, 1854-09-05 00:00:00

Al 0 1„I
11
1

AND
COMMERCIAL INTELL TGENCE.

CITY, TVVO o'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, including 500 American,
°() Surat taken for export. The market was firm
but tame, and closed without change in prices.
The sales comprised 5,400 American, 200 Pernam
and Maranham at bid. to 6id., 400 Egyptian at
God. to 9id., 1,000 Surat at 3d. to 4d., and 50
Sea Island at ls. to ls. 2id. per lb. Railway
kl▪ hares Were active, at an advance of 1 per cent.
on all the leading stocks.
The commercial advices from Antwerp of the 2d
lust. represent much animation in the market for
e
olenial products in general. Notwithstanding the
approach of the public sales of the Hamaatchappy
tae
in Holland, there was much activity in
wae transactions in coffee, and several considerable
Parcels had changed hands. Sugars raw and re-
fi▪
ned were in active demand, and refined eagerly
Sought after. Cereals were the exception in the
general market, and although the stocks of wheat
and rye were scanty, yet the demand was dull and
Prices looking downwards.
From Amsterdam the position of the Bank was
that against a note circulation of 95,768,630
guilders, there was a stock of bullion and specie of
98)157,850 guilders. The balance in hand of ac-
enUnts current was 10,843,085 guilders.

koney is easier to-day, in consequence of yester_
(laY, the " Fourth" of the month, known to be a
'very heavy day, having passed over satisfactorily.
_We have scarcely the slightest change to report
4-11 the current values of public securities. The
market is quiet and the dealings on a small scale.
We quote. Consols from 95 to for money, and
"More for account. Reduced Threes 95 to Three-
-Id'a-quarter per Cents. 95± to I. Bank Stock
209 to 1,1. Long Annuities 4 11-16ths to 13-IGths.
I
ncliau Bonds 4s. prem. Exchequer Bills firm at
._s• to Gs. premium. Exchequer Bonds of 1859
Were done at 98i and 99.
The Committee of the Stock Exchange have, it
seems, thought it right to fix a settling day for the
ansactions in Turkish Scrip. In the face of all
thati has transpired with regard to this loan, and
b °re still with the experience still fresh inremem-
brance of the tracasseries attending the former
Zoal) which ended in its repudiation and the con-
eeation of some considerable amount of prethiums
paid by bona fide holders, this decision savours
I:me:what of unseemly haste. The board was doubt-
: Pushed by jobbers, if not contractors, anxious
realisle premiums at the earliest period possible,
the funds being safely housed, of course.' It is
• sidered all the more strange seeing it could not
La: to be known that, with a few days' delay only,
v4....V,ive and authentic intelligence from Constanti-
-0;° must be received decisive of the approbation
not of the loan, and the disputed question of the
tribute of Egypt, one way or the other. It is not
ao
be supposed that the board was swayed in
its course by any motives personally iden-
tifying its members with the urgencies of those who
Were pressing for its adjudication, yet the fact of
813 hasty a decision, in view of all that has passed,
1431.11€1 appear to suggest the expediency of the in-
stitution of some impartial tribunal without the
house, and entirely unconnected with and inde-
Pendent of it, to which such questions should be
referred, and whose fiat, not liable to influences
Within doors, would be received and submitted to
With all the more faith and confidence. Instances
are not wanting in which committees conceived it
their duty to take a longer breath, and postpone
filial action until all the merits of a case were be-
fore them, for the more healthy determination of
'▪
ssue. In the present affair, so far as appears, the
board has not even had before it the firmau, or a
4,41 Y certified copy of it, on the authority of which
Poe loan was contracted. They have the programme
of the loan only as issued by the agents, and as it
Was published in the journals, according to
Which Lord Clarendon and M. Drouyn de
testify to having seen the powers,
Which should be the firman, of course ;
for contracting the loan with the assignment of the
v:Optian tribute, executed, no doubt, in due form,
ullt without any reference to dates, which is a
material point. But those Ministers do not, and
Were not called upon to testify whether such fir-
-111811 annulled in express terms, a previous and
ezietiug hrma'n, by which the tribute was as so
i -
iq‘4
etnnlY and expressly assigned to the Ottoman
—Riar of which Messrs. Trouv6-Chauvel, and
-111eY are the representatives. Without such
r-ress revocation of the first grant, the question
WouldZ stand thus. There are two firmans, like so
'll'lY Richards in the field ; which possesses the ;
g/'eater validity, and is the real Richard ? The
°lle first issued, still uncancelled, or the last, which
13,° far as known, does not assume to cancel its pre-
"ecessor ? If the committee had, as they ought to
have had, the firman now in issue before them,
Stating in terms its revocation of the previous firman,
thall-important fact should have been notified to
t,Le
scripholders and the public, in explanation and.
31? ti ficat ion of the decision at which they had arrived.
The letter of Reschid Pacha anticipating curiously
enough on the 20th ult., the claims and objections
of "t Trouve-Chavel, at Constantinople, to a loan
°t Contracted here at the date, is a document in-
j°iusically little worthy of attention. According
the Times, Constantinople correspondence of the
Period, repeated with much detail on occasions
afterwards not necessary here to refer to, that Mi-
nister should be no stranger to, or unmixed up with
financial imbroglios.
Aclvices from Constantinople received to-day,
mention that Mehemet Ali, brother-in-law to the
„Illtall, bad been nominated to the post of Capitan
-t-a.eha, Which is equivalent to the rank of Lord
high Admiral here. As Mehemet Ali is known
4: the head of the party in opposition to Reschid
.I",aeha, this is considered to be rather ominous for
the continuation in power of that Minister. Mehe-
llact Ali took an active part in the foundation of
the Ottoman Bank.

Foreign Stocks are dull, but without much al-
teration in the values. Mexican are steady at 25.
Russian 5 per Cents. at 98k, Sardinian 5 per
Cents. at 881, and Brazilian Small Bonds at 1001.
The Spanish Deferred Bonds are at 181- b and the
Committee's Certificate at 51 to 6. The Turkish
Scrip has declined to 51 and 5.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds 6 to 6i, Mexi-
can24i to 251, Peruvian 72 to 74, ditto 3 per
52 to 54, Portuguese 4 per Cents. 40 to 42,
Russian 5 per Cents. 97 to 99, ditto 4i per Cents.
~46 to 90, Spanish New Deferred 18i to 18i, ditto
',.Per Cents. 37/ to 381, ditto Certificates 5i to 6i,
lotto Passive 4 to 4.
_l,ll Railway Shares there is not much activity,
and there are symptoms of weakness in the prices
most of the English lines. The French -under-
takings are flat.
In Mining, Banking, and the Land Shares there
1s very little doing.

11R-111SR FUNDS THIS DAY.—CLOSING PRICES.
( From the Orceial List.)
stimppce
done
tank Stook . 2o9} 11
per Cent. Reduced Annuities 9si 5
1
Per Cent. Consols Annuities si
95 4
ti per Cent. Annuities
Oltbtgc. Annuities, Expire sth Jan., 1860
India Bonds Years, Expire 10th
.Oct., 1859 4 9-16
, £.. .... , . ..... 4 p
,-011a018 for Account 13th Sept.
Exchequer Bills, 24d.
Cl.000
aZoo •
4 6 p
_ Small 46 p
44ebequer Bonds 1858, 3. per Cent.
Ditto . 1859, ~
, PR,ICE OF FOREIGN FUNDS THIS DAY.
4"azn Bonds, 5 per Cent inii Ditto Small
;t6xi - • ' ')
' ''
-
Peruvian (mil 3 per cent. 25
13onds, 4i per Cent. 721 a dßussian Bonds, 1822, 5 per Cent. £St 984
ardinian Bonds, 5 per Cent.. ..... .....
BPanish New Deferred, 3 per Cent. lBi
gplaish Tar Committee Cert. of Coup. not fun. 65i 4 p c
kish Scrip
Dividends on the above payable in London.
In yesterday's List read—Mexican Bonds, 241 i 5.
THREK O'CLOCK.
Consols
Ditto September Account

SALE OF THE ESTATE OF URY.—The estate of 'Cry,
formerly the residence of the late Captain Barclay, has
been sold to Mr, Baird, irovmader, Glasgow, at 120,0001.,
being the upset price,