The Sun.
London, England, 1853-10-17 00:00:00

THE SUN, LONDON, MONDAY EVENING, OCTOITER 17. 1853.

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales 'of cotton at Liverpool on Saturday
were estimated at 7,000 bales, including 500 Ame-
rican taken for export and 500 Surat on specula-
tion. The market was firm, with a hardening
tendency. The sales comprised 150 Pernam and
Maranham at Gad. to 7d., 50 Bahia at 6gd., 150
Egyptian at 6d. to Bd., 1,000 Surat at TA to
4ad., and the remainder American. Railway
Shares were dull.

The shipments of tallow from St. Petersburg to
London this year to the 26th ult. were 86,206
casks against 63,398 casks to the corresponding
date of last year. In 1831 and also in 1850, the
arrivals, however, were much larger.
The corn market .;;been firmer to-day for
wheat, but dull for
The railway meetings announced are the fol-
lowing :

DATE. PLACE, &C.
Aberdeen Oct. 28, Aberdeen.
Demerara

COMPANY.

Great Indian Peninsular Oct. 31, Office.
West Flanders
Ditto ditto
The following letter advocates the claim of Bris-
tol to be made a packet station
" TO THE EDITOR OF THE SUN.
" SIR,-It is not, I believe, generally known that
there is not one of the four leviathan railway companies
that has dock accommodation at any of the termini ca-
pable of receiving and conducting the trade of the large
ocean steamers that are now building, while thousands
of pounds are spent in forming competing lines from any-
where to somewhere or nowhere. Suitable shipping out-
lets for the rapidly-increasing trade of the country appear
to be considered of only secondary importance. The
South-Western Company, instead of turning its.attention
to the larger dimension required of dock accommoda-
tion, looks round for increased quantity; consequently
she must push out two arms pointing to Exeter, with
the intention, no doubt, in the event of its complet-
ing the Salisbury extension to that city, of throw-
ing off a branch to Bristol, and thereby steal a march
upon the Great Western Company. The North-Western
Company cannot find in either of the ports of London or
Liverpool a dock into which the first ship of the Eastern
Steam Company can enter. But the Midland, in which
I am most directly interested, appears to me to be the
most culpable of all. This company of all others is
vitally interested in her water termini, more especially in
her south-west ocean outlet. The idland may be said
to be the company proper of the manufacturing districts,
yet the credulity of your readers will be taxed to believe
the following circumstance. The Belfast Screw Steam
Company have commenced running a line of screw steam
traders between Bristol and Belfast, and although at the
former place hundreds of tons of coal are weekly " brought
to bank," as it is technically expressed, within sight of
the dock in which those traders must discharge and un-
load, yet they cannot avail themselves of the return coal
cargoes, on account of the expense of cartage, the rail-
way company not having even considered it worth their
attention to lay down a tramroad to facilitate the ship-
ments of goods and minerals in the present docks at
Bristol. It may be said by the Midland Company that the
Great "Western is equally interested. Tlia's is not the case.
Since the latter company pushed on the broad gauge
to Plymouth and the South Wales ports, its interest in
Bristol, as an ocean outlet, ceased. So long as there
are any Leicester and Hitchin lines to make to abstract
a little traffic from other companies, so long, I fear, will
the Midland continue to turn a deaf ear to what com-
mon sense certainly dictates as of first importance to her
permanent interests, namely, proper shipping facilities
at her southern terminus. To say nothing of the fact
that at Kingroad, within seven miles of this terminus,
nature has formed a basin, where, if three-fourths of the
amount were expended that will be required to make
the Leicester and Hitchin line, she woad not only have
the means of docking steamers of the largest contem-
plated dimensions, but a positive interest in a port that
has been proved, before a committee of the House of
Commons, to be, in the event of such a dock being
formed, the most eligible ocean packet station in the
United Kingdom.—Yours respectfully,
"London, Oct. 15, 1853."

avern

"A SurrowNEE.

The accounts by the Africa, from New York,
represent the stock market as being quiet but
steady. The money market continued stringent.
The coal trade on the Chesapeake and Ohio Canal
was increasing. The exchange on London had
advanced considerably.
The imports of gold into Boston in. September
were 50,811 dollars, and of silver 173 dollars. The
exports were 496,025 dollars, and 16,300 dollars of
silver.

The value of the foreign exports from the port
of Baltimore, during the week ending the 29th
ult., was 199,682 dollars.

The total value of specie exported from New
York, during the week to October 1, was 252,501.
dollars, which, together with merchandise to the
value of 1,316,170 dollars during the same period,
made the total exports 1,568,671 dollar,.
Breadstuffs were less active, owing to an en-
hancement in freight. Cotton was active. Stocks
of flour and grain were smaller than at the same
time in 1852, but arrivals were soon expected both
by rail and canal. When the Baltic arrived out
prices became rather lower.
The Crescent City had arrived at New York with
nearly a million dollars in gold dust, of which forty
thousand dollars were from Australia, being the
first large arrival from that country via Panama.

The city banks returns of New York for the
week ending Oct. 1, show an increase of.' discounts
of 56,775 dolls., and in circulation of 44,124 dolls.
There was a decrease in the specie of 109,113 dolls.
and in the deposits of 343,673 dolls. The latter
item shows the active demand for money, and the
former is partly accounted for by the shipments to
Europe.

The funds have been very heavy this morning,
and have lost the improvement of Saturday. Con-
sols for transfer have been 91-g to /, and for ac-
count 911 to -g. There is, consequently, a " bac-
cadation" still of per cent. The intelligence that
the Emperor of Russia accepts the war challenge of
Turkey has had the effect of flattening the market.
The New 3} per Cents. have realised 921 to 92/,
and the 3 per Cents. Reduced, 901 to 90i. Bank
Stock is steady at 218. Exchequer Bills have been
at 4s. to Bs. premium.
In the foreign market there ig a heavier tone
likewise. There have been no bargains in Grenada
Stock, and the proposals of the Government of
that Republic to give public lands in part pay-
ment of their debt are not likely to be accepted.
It is well known that New Grena d.a has just re-
ceived a large sum from Peru as al3 indemnity for
certain claims. Mexican Bonds have been heavy
at 23& to 24. Equador Stock is worth 5g- to and
Peruvian 711. The reported con flict between
Mexican and United States troops in the Mesilla
Valley appears to require confirmation. Russian
Bonds have been firm at 112 for the 5 per Cents.,
and at 962 to 97 for the 41 per Cents. Sardinian
Stock has realised 901. Spanish 3pe r Cents. have
been 45, and the Deferred 21/.
Railway Shares are weaker than. on Saturday,
with more willing sellers. The French lines have
also gone back.
The Gold Mining Shares have been rather
cheaper.
The shares of the Australian Agri cultural and
Peel River Land Companies have been rather bet-
ter, owing to the advices received froin, their agents,
which, however, really amount to butt little.

The Australian Joint Stock Bank Shares have
been quieter.

BRITISH FUNDS THIS DAY AT OSE O'CLOCK.
(Prom the Oficial List.) _

Bank Stock

_
- Z :minas done.
....... ........... 21 8

3 per Cent. Reduced Annuities 9 0 i
3 per Cent. Consols Annuities
New 31 per Cent. Annuities .►2 i $ 3
Long Annuities, Expire sth Jan., 1860
Consols for Account
Ex3hequcr Bills, 2d.
1:500
PRICE OF FOREIGN FUNDS AT OSE O'CLOCK.
Milian Bonds, 6 per Cent . ..... 1.C.0
Equador Bonds
Mexican 3 per Cent. -
Ditto for the Account... l.!3i 4
Peruvian Bonds, 4i per Cent. VI
Russian Bonds, 1822, 5 per Cent. £St 11.2
Ditto 4i per Cent .97 61
Sardinian Bonds, 5 per Cent '9oi
Spanish Bonds, 3 per Cent 45
Spanish New Deferred, 3 per Cent. .2li
Dividends on the above payable In Lon, Um
HALF.,P AST TWO.
Consols . 94 i
Ditto October Account 9ll

ADELAIDE.—Advices from Adelaide, t South Australia,
have been received to the 13th of July. No great altera-
tion had occurred in the general state of bumness. Burra,
Burra shares were quoted 142 buyers ; . sad the average
value of money was Sto 10 per cent. Th,3 quotation
Victoria gold was 3/, 175., and that f cora Echunga 31.
13s. 6d. per ounce.