The Sun.
London, England, 1854-02-11 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

There was a good demand for cotton at Liverpool
yesterday. Sales 8,000 bales, including 2,000 for
export and on speculation. The market closed
steady. Railway Shares were firmer.
The statement of the Bank of England made up
for the week to the 4th inst. is interesting in some
of the changes which it presents, and especially in
regard to the lowness of the public deposits. Un-
doubtedly the recent heavy disbursements to meet
the claims of those who have declined to convert,
the quarterly dividends, and last, butnot least, the
arming of the warlike forces of the country, *lave
combined to drain the Government of its money ;
nor must we any longer hope to see large balances
held, or a surplus for the reduction of the Na-
tional Debt. The revenue receipts will ra-
pidly melt away before a costly war expenditure,
and nothing but increased taxation and new
loans can maintain a respectable balance.
The reduction in the amount of the other
deposits is rather opposed to the view that money
is getting easier ; but it frequently happens that
parties draw upon their own resources ere they
seek discount accommodation, and consequently
this feature may be observable for some time, viz.,
a reduction of deposits and securities. The loans
upon Government securities had been paid, or
otherwise the bank must have been a seller of part
of what it holds for its own business purposes—
not altogether unlikely on the eve of war. The
bullion account stood much the same. Compared
with the previous week, the alterations are as fol-
ows :
Active circulation.
Decrease 208,730
Bullion 16,226,683
Increase 3,469
3,349,523
10,129
2,121,718
393,666
12,608,926

Rest

Increase
Public Deposits
Decrease
Other Deposits

Decrease
Seven-Day and other Bills

877,308
1,144,582

Decrease
Government Securities
Decrease
Other Securities
Decrease
Notes unemployed

57,573
12,537,716
695,000
13,570,465
418,157
6,966,505

202,135
In theDreactretsfeor bills of exchange upon the prin-
cipal continental cities, there was yesterday after-
noon no change, and very little business was done.
Paris was taken at 25, 271 to 30 for 90 days'
paper ; Hamburg at 13, 4i to 4 ; and Trieste at
13, 10 to 20.
All the bar silver brought by the steamer Ori-
noco has been sold, it was stated, by Messrs. Hag-
gard and Pixley, at ss. lid. per ounce, for ship-
ment to the Continent.
Tenders are called for by the government vic-
tualling department for steamers—number not
specified—to convey troops to Malta, the parties
tendering to victual the ship.
The Overland Mail has arrived at Marseilles and
the letters will be here on Monday.
The amount of gold coin exported direct from
London durine, the week, ending to-day, is 6,000
ounces, and of silver 345,154 ounces, all to the
Continent.

The English Stock Market has been very quiet,
but prices are comparatively firm. The de-
claration of Lord Aberdeen that even now
he does not consider war inevitable, has
not found favour in the City because of its manifest
tendency to give the Czar an impression of indeci-
sion and vacillation on our part. Consols have
been 91i to The New n per Cents. have been
93i to 1, and the 3 per Cents. 92k to g-. Bank
Stock is firm at 217, and India Stock at 230.
South Sea Stock is quiet at 115. Exchequer Bills
keep at 17s. to 20s. premium.
Foreign Stocks are steady. Russian Fives, 1041
to 105 ; and the 41 per Cents. 891 to 90. Mexican
Bonds are 251 to ; Dutch 4 per Cents., 92 to
BRITISH MINES.—A little activity was apparent
this day, and shares at the following prices :
Alfred Consols, 24i 25 ; Sortridge, ; Mollands,
A ; Tavys, 2 3 ; Great Baddern, 20s. ; Great
Crinnis, 30s. to 355. ; Gills, 2 ; Great Alfred, 30
32 ; West Providence, 37 38 ; Poltrimores, par ;
Hiugston Downs, 12 13 ; Kilbrickens, 325. 6d. ;
Wheal Unys, 101 11 ; Tremollett Downs, A ;
Trelawney, 36 37 ; Britannia, ; Cwm Darens, ;
Devon Kapenda, 20s. to 235. ; Wheal Zion, 2i 3i ;
Great Tregune, 3k 1.
There has not been much doing in the English
Railway Market, but the quotations are generally.
firm. There hav3 been transactions in the Mid-
land, Caledonian, Great Western, and York and
North Midland. The other lines have been merely
nominal. French shares have not been much
dealt in.
The Gold Mines are rather heavy, and Agua
Fria have not been so good.
The shares of the Joint Stock Banks have been
firmer. The Australian Land Companies' shares
are much the same.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
(From. the Official List.)
Business done.
Bank Stock
per Cent. Reduced. Annuities 92a 1 i
3 per Cent. Consols Annuities 9l.iAiii
New 31 per Cent. Annuities 93i i i
New 2i per Cent. Annuities
India Stock 230
South Sea Stock
Consols for Account 15th Feb. 9l i i
Exchequer Bills, 1(1.
£lOOO

.>. l7 20

PRICE OF FOREIGN FUNDS THIS DAY.
nrazilian Bonds, 5 per Cent.
Grenada Bonds, Deferred .
Greek Bonds, Red
Mexican 3 per Cent

5i
25i'l

Russian Bonds, 1822, 5 per Cent. £St loli
Ditto 4i per Cent 9O 89i
Spanish Bonds, 3 per Cent 4Ol
Dividends on the above payable in London.
Dutch Exchange, 2i per Cent. 12 Gull
Ditto 4,per Cent. Certificates
TWO O'CLOCK.

Consols
Ditto February Account

The Duke and Duchess of Atholl have left Dunkeld
House, Perthshire, for the south.
The Duke of Hamilton has left St. James's-place for
Hamilton Palace. Her grace (Princess Marie of Baden)
and youthful family are still staying in London.
Their graces are not expected to take possession of
Beaufort House, Arlington-street, which the duke lately
purchased, till Easter.
Field Marshal the Marquis of Anglesey, we have the
pleasure to state, was considered last evening to be
much better. _ _

The Earl of Derby will give his fifth Parliamentary
banquet this evening, in St. James's-square.
The Earl of Aberdeen entertains a select circle of
peers to dinner this evening, at Argyll House.
The Earl of Powis and Lieutenant-Colonel Percy
Herbert have arrived in Berkeley-square, from Powis
Castle.
The Earl of Cardigan leaves Deene Park to-day,
where his lordship has been entertaining a party with
the sports of the field, for Portman-square.
The Earl and Countess of Jersey and Lady Clemen-
tine Villiers return to Berkeley-square on Saturday
next, for the season.
Viscount Palmerston has cards out for a dinner this
evening.
The Lord Chancellor gives the next Cabinet dinner on
Wednesday next, at his lordship's mansion, Upper
Brook-street.
SOHO THEA.TEE.—Last evening we attended this pretty
little theatre, for the purpose of witnessing the perform.
ance of the part of Shylock, in the Merchant of Venice,
by Mr. H. Nicholls, a gentleman favourably known
from his " Readings from Shakspere." We confess our
curiosity was much excited ; and when we thought of
the dearth of really genuine actors, and from the known
ability of the gentleman, our wishes towards him were
most favourable. Labouring under the disadvantages of
a halting amateur company, the efforts of Mr. Nicholls
were highly successful. In the conception of the part
he avoided the usual conventionalities; there was no point
making, and the result was a beautifully even perform.
ante. The richness of voice and stage tact of the gen.
tleman are well known to most of our readers, therefore
we need say nothing on that head. Of the Portia of
Miss Wade we must speak in terms of the highest
praise ; we augur a brilliant future for this talented
young lady. At the conclusion of the play Mr. Nicholls,
in answer to loud calls, appeared before the curtain,
leading in Miss Wade, and between them shared the
ieserved applause of a crowded and fashionable audience.
SOUTH DEVON RAILWAY.—Great improvements have
lately been made by this company on their line in the
neighbourhood of Exeter. It will be remembered that
during the last winter several landslips took place between
Dawlish and Teignmouth, about ten miles from Exeter.
For some time past large bodies of men have been en-
gaged in sloping off the cliffs at those points where they
were considered most dangerous. It is therefore impro-
bable that any similar accidents will again occur. Much
damage has also heretofore been caused by the washing
of the sea over the line. This will now in a great mea-
sure be prevented by the building of an additional sea
wall. Double lines of rails have likewise been laid
down from Newton Abbot to Totnes, which includes ono
of the principal inclines on the line.