The Sun.
London, England, 1853-08-11 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TTVO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 2,000 Ame-
rican were taken for export and speculation. The
market was well supplied, and closed steadily at
previous rates. The sales comprised 5,500 Ame-
rican, 340 Pernam and Maranham at 62d. to Bd.,
300 Bahia at Qd. to 67A., 500 Egyptian at 6d. to
9d., and 1,100 Surat at 3gd. to 40. per lb.
Railway shares were very inactive without altera-
tion in prices.

The reply of Mr. Cardwell to the inquiry as to
the intentions of the Government with respect to
the law of partnership has not given satisfaction,
as it does not show that the question of liability
will be brought forward at at an early period next
session. It would be well if the President
of the Board of Trade would state his in-
tentions explicitly with respect to the grant-
ing of charters of incorporation, limiting the
liability of joint-stock shareholders, many cases
having recently come before the public, showing
that no positive rule has been acted upon in the
matter, so that it has appeared that charters have
been obtained more by private influence than by
the importance of the enterprise. It is, therefore,
hoped that some member of the House of Commons
will elicit from Mr. Cardwell the determination of
the Government, as to granting or withholding
charters, in the interim, between the close of the
session and the presentation of the report of the
commission on the subject.
The intelligence from the Continent this morning
is considered to indicate conclusively that all mat-
ters connected with the Eastern question are vir-
tually settled. In addition to the apparently au-
thoritative announcement of a morning journal
that it is arranged ; the fact that the Emperor
Napoleon has decorated the French Minister of
Foreign Affairs with a Grand Cross of the Legion
of Honour, is considered corroborative evidence of
the accuracy of the view, it being well known that
that mark of distinction is given only on the suc-
cessful accomplishment of some achievement either
military or diplomatic.
The intelligence from the United States brought
by the Franklin, is not of much commercial inte-
rest. Cotton was steady, and flour and grain were
rather higher. Sterling Exchange ruled at 109/,
although the specie remittance to this country
amounts, it is stated to $50,000, the bulk of the
precious metals on board being destined for the
Continent.

The telegraphic dispatch, in advance of the Over-
land Mail, announces a dull state of business in
India and China. The Exchange on London at
Calcutta and Bombay was 2s. ld. to 2s. lid. per
rupee for the steamer.
Later advices from Australia have also come to
hand, from which it appears that the produce of
gold by the Victoria Gold Fields was increasing,
and the price of gold at Sydney was 765. per oz.
In consequence of the satisfactory nature of the
foreign intelligence, and no alteration having
been made in the Bank's minimum rate of
interest at the weekly Board Meeting to-day,
the English Funds have been very buoyant, Con-
sols for present delivery having been sold at 98 and
981, and for the New Account, which is fixed for
the Bth proximo, at 98-1- and -a. The Reduced 3
per Cents. are also firm at 98:1 99, and the New
31 per Cents. at 101 g. Bank Stock is steady at
2281 ; South Sea Old Annuities, 1001 ; Exchequer
Bills of all classes 3s. discount to par ; and India
Bonds 18s. premium.
Business has been limited in Foreign Bonds, but
prices have somewhat improved. Spanish 3 per
Cents. 47i ; ditto Deferred, 23)* ; Sardinian,
96± 7 ; Portuguese 4 per Cents., 431 ; Equador,
5 ; and Dutch 21 per Cents., 65.
The Railway Share Market has been firm, both
for British and Foreign shares, and in some of the
latter securities a good deal of business has been
done at a considerable advance in value.

Gold Mines are dull, and prices are lower.
Bank Shares are moderately active, at former
quotations.
Land Companies' Shares are steady.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1853. 1852.
Great Western £17,384 £12,370
North Western 60,833 56,581

South Western 18,978 16,055

Brighton 18,943 16,571
Midland 27,035 23,938
South Eastern 21,018 19,503
Caledonian 10,707 8,918
Great Northern 17,384 12,370

Lancashire and Yorkshire 21,390 19,255
York and North Midland, Newcastle
and Berwick, and Leeds Northern 31,926 26,768

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

Business done.
Bank Stock .
3 per Cent. Reduced Annuities . 984 i 9 8
3 per Cent. Consols Annuities. . 98,1i 8 i 4
New 31 per Cent. Annuities lOll 1 g
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth Jan., 1860 5 11-16
India Bonds, £lOOO . . . . 18
South Sea Old Annuities
Consols for Account Bth September 9BB a i
Exchequer Bills, ld.
1000
£5OO 2 3 d par
Small
PRICE OF FOREIGN FUNDS THIS DAY.
Equador Bonds
Grenada Bonds, Deferred
Portuguese Bonds, 4 per Cent.
Russian Bonds, 5 per Cent.
Ditto 4A per Cent.
Sardinian Bonds, 5 per Cent 96z 7 61
Spanish Bonds, 3 per Cent 47 ft
Spanish New Deferred, 3 per Cent 233
Ditto Passive (Converted)
Spanish Committee Cert. of Coup. not fun 6l P C

Dividends on the above payable in London.
Belgian 4 per Cent.
Dutch Exchange, 2 per Cent. 65 44 x d
nDitto 4 per Cent. Certificates ...... ..• 9Bi
THREE O'CLOCK.
Consols 9BB
Ditto Septemb3r Account 9Bl

GREAT BOAT RACE.—The great match for 1001., be-
tween Robert Newell, of Horselydown, and William
Pocock, of Lambeth, took place yesterday evening, and
was one of the most gallant on record. Both men have
been before the public for years, and are first-rate pro-
fessors of the art of rowing. Newell, it will be remem-
bered, thrice contended unsuccessfully against Robert
Coombes for the championship of the Thames, having
defeated everybody else, including the renowned Clasper,
the then champion of the Tyne. Pocock was defeated
by the North countryman about the same time, but,
having vanquished him this season, was considered by
his friends good enough for Newell, who was put down
as " stale," there being nearly five years' difference be-
tween them in favour of Pocock. Although Newell was
known to be in good condition, the splendid rowing of
Pocock in his recent match with Clasper had so brought
him up in popular estimation that offers to back him at
5 and 6 to 4 were freely made, with but few takers.
The distance was from Putney to Mortlake, and four
steamers, crowded with company, and an immense num-
ber of other boats, accompanied the race ; besides which
there were a great number of horse and persons sta-
tioned wherever a view could be commanded of the
struggle. Newell had the Middlesex station, and jumped
off with the lead at a most extraordinary pace, but had
not proceeded 290 yards before his opponent was along-
side. The next dozen strokes drew Pocock half a length
in advance, and then for the next mile, with alternate
leads, amost splendid race ensued ; but on nearing Ham-
mersmith-bridge Newell rowed with such enormous
pluck and power as to draw himself clear of his adver-
sary, and from that point went on improving, ultimately
beating Pocock by eight clear lengths, and doing the
distance, with a very bad tide, in the extremely short
time of 26 minutes. 3

COLLISION ON THE °MESTER AND HOLYHEAD LINE.
—A collision, which happily has not been attended with
serious consequences beyond great alarm and a few
bruises, has just occurred on the above line, in the tun-
nel which leads from the Bangor station towards the
Britannia bridge. The tunnel is about a mile in length,
and is much curved. A goods train for Holyhead had
entered the tunnel, when the Carnarvon train, having
been cautioned, followed soon after at slackened speed.
About half way through the latter came into violent
contact with several trucks, which by some means had
become detached from the goods train and left upon the
line. The passengers were hurled by the severe shock
with violence upon each other, and many got open the
doors and screamed for help. The line was blocked up
by the broken carriages, and the utmost consternation
was felt when it became known that the up mail from
Holyhead was due. In about three hours the line,
under the direction of Mr. Lee, the engineer, was
cleared, and the trains were enabled to pass. The
guard in the detached van of the goods train was cut
upon the forehead, but happily, beyond some bruises,
no other injury was sustained.
BOULOGNE RACES—A GOOD OPPORTUNITY FOR A
TRIP.—The annual races at Boulogne will take place
next week, on the Wednesday and the Friday, and we
advise those who have never visited the shores of France
to take this opportunity of doing so. The trip to Bou-
logne by the South Eastern Railway and the conti-
nental steamboats of that company is now both cheap
and expeditious, and a better opportunity for visiting
Boulogne could not occur. The races, it will be observed,
are fixed to give a day in between, so that visitors will
have an opportunity of enjoying the attractions of the
locality without interfering with the sports of the races.
We do not know whether the railvhy company will put
on a special train, but we should fancy they will do so.
We shall, however, ascertain these particulars by o'i
next publication ; and, in the meantime parties can b •
got up and other arrangements made. As Sir Jo, a
Shelley, last week at Brighton, felicitously said, "These
trips will even blow the House of Corarao;:s dust out of
meg throet.:.4eahvg Aso,