The Sun.
London, England, 1853-01-07 00:00:00

to 46s Gd for low to fine. Stock of tallow is 17,000 casks
less than last year, and prices show an advance of 7s to Bs.
COCHINEAL.— There are many buyers at previous prices,
but an advance of 1d per is being required on last week's
valuations, checks business. Of 350 bags at auction, not
above one-third sold ; Honduras, silvers at 4s to 4s 6d ;
black, low to good, 4s 4d to 4s 9d ; very common, 4s ld to
4s 3d ; Mexican, black, 4s 5d to 4s 8d ; Teneriffe, 4s 4d to
4s 6d ; and silvers 3s lld to 4s 4d per lb. Stock of Cohi-
neal exceeds that of 1852 by 3,000 bags ; but supply from.
Honduras this season is not likely to be equal to the previ-
ous one.

INDI4O.—The average price of good' consuming Bengal
was then 4s, and now 4s 9d. Spanish is in small supply,
and wanted—prices in consequence are on the rise,
and rule as follows :—Guatimals, fibres, 5s 3d to 5s 6d ; Ss-
bras, 4s 8d to 5s 3d ; and. Carraccas, 38 to 5s 8d per lb. Im-
ports for the past year were 4,316 serous, and in the previous
one 7,291; deliveries for all purposes, 3,300, and 7,788 in
1851; stock is now 1,359 serons, and at the same date last
year, 403.
SALTPETRE.—The demand remains active, and previous
improved prices are well supported, although supply is on
the increase. At auction 3,700 bags Calcutta were disposed
of ; refraction 2to 5i per cent. at 29s to 30s, and 5.3 to 22 per
cent. 25s 6d to 27s 6d. Privately some parcels of Madras
have been sold at 24s 6d to 26s 6d. Stock of saltpetre exceeds
that of last year by 1,200 tons. A large demand exists for
British refine' at 29s exl to 30s. Nitrate of soda has been
selling at 16s 641 on the spot, and at 16s per cwt for arrival.
There is no material increase oj supply.

COURSE OF EXCE
Amsterdam ............ 11 16%
Ditto, three months .. 11 18
Rotterdam
Antwerp . 25 30
Brussels .............. 25 30
klarnburgh ............ 13 6
A1t0na................
Faris ................ 25 7%
Ditto, three months .. 25 30
Marseilles ....... • 25 32%
Bourdeaux ............
Frankfort-on-Maine .... 118%
Berlin
Vienna ................ 10 46
Trieste ........ •••• • • • • 10 48
Petersburgh.. •.• • .. . • 304
Madrid 5034
Cadiz.. ..
Barcelona .....
Seville ................

:ANGE-THIS DAY.

Gibraltar —
!Leghorn 35
Genoa 25 40
Milan .. ••••• • • • • •
Venice
Naples 41%
Palermo .. 1E24%
Messina .... 125
Lisbon ...
Oporto •••••••• • • • • • • • • 53%
Rio Janeiro
Buenos .Ayres
New York, 60 days' sight
Philadelphia ...... •• • •

PRICES OF BULLION, PER OZ.
Foreign Gold In Bars £3 17 9
Portugal Gold Coin .. 0 0 0
Mexican Dollars .... 0 4 111

New Dollars ...... 0 0 0
silver in bars ...... 0 5 114

IRON TRADE.

Mr. Thomas Thorburn, of Glasgow, states in his
Annual Circular that—

" The year 1852 will ever be memorable in the annals
of the iron trade. After four years of unparalleled de-
pression—prices fluctuating, from the beginning of 1848
till the spring of 1852, between 475. 6d. and 365. 6d.—
has followed an unprecedented re-action—a period of
extraordinary activity—a rapid advance of fully one
hundred per cent., and that too, in the face of an in-
creasing production, and accumulating stock. In 1847,
I wrote—' It is to be feared, that if the price advance
above 855., the export of iron, which was considerable
last year, while prices ranged under 755., will receive a
check. An accumulation of stock would thus follow, as
in 1845.'

" The stocks of 270,000 tons in the stores of warehouse-
keepers, and 180,000 tons in the stores of the iron mas-
ters, are chiefly held by English dealers and speculators,
as was the case in 1845, when purchases then made, „
realised within 31 months, at a fall of 31. per ton, entail-
ing a loss, on one house alone, of upwards of 100,0001.
" Though the stock in Scotland is augmented 90,000 tons,
the aggregate stock throughout the world is considerably
diminished. But the scarcity of tonnage, and the high
rates of freight, which will undoubtedly prevail all this
year, combined with the doubled cost of the article, must
tend to stimulate the production, and enhance the profits
of the iron masters in England, the United States, and
continental Europe. Hence our home consumption and
foreign exports will decline, as in the years wherein the
prices ruled between 70s. and 80s.
" The average value, per week, of the whole make of
pig iron in Scotland was, in 1830, 8,0001.; 1840, 22,0001.;
1845, 36,0001.; 1850, 25,0001,; 1851,29,5001.; and, at
755. per ton, it is now 56,2501. per week."