The Sun.
London, England, 1853-06-15 00:00:00

MONEY MARKET AND COMMERCIAL

INTELLIGENCE-(THIS DAY.)

CITY TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were esti-
mated at about 10,000 bales ; of which-4,500 Ameri-
can were taken for export and on speculation. The
market was firm, and prices of American
,a shade against
the buyer. The sales comprised 9,000' American, 100
Egyptian at Bd. to Is. 50., and Surat at 3d. to 4id.
per lb. Blilway shares were firmer.
The steamer Parana has arrived from the West Indies,
but the letters will not be delivered in town until to-
morrow.

There are no further ships in from Australia.

The following petition is to be presented to Parlia-
ment by Lord John Russell, and will be influentially
supported :

" Unto the Honourable the Commons of Great Britain and
Ireland, iu Parliament assembled.

" The respectful Petition of the London Society for the
Institution of Tribunals of Commerce,
" Sheweth,—That while your petitioners have no desire to
undervalue the labours of those great and good men who have
by the County Courts brought law to every man's door, by
reforms of procedure in Chancery and the Courts of Law, and
by changes in the law of evidence and bankruptcy have re-
duced the costs and abridged the intricacy of the technical
means of vindicating civil rights, and have greatly simplified
the access to the tribunals of the country, they are of opinion
that the present system of jurisprudence is too artificial for
the wants of a trading community, to whom the delay of a
single day might prove of the greatest importance. The ex-
perience of nearly every civilised country has proved that
commercial operations are little susceptible of formalities,
and that Tribunals of Commerce offer a speedy, cheap, and
effectual means of settling questions of right, according to
the dictates of natural equity, in conformity with the known
and understood custom of commerce.
" That such Tribunals are eminently calculated to produce
uniformity in the principles of international mercantile law,
and to prefer the plain dictates of substantial justice above
the mere technicalities of the law.

" That they offer a means of assimilating the mercantile
jurisprudence of the three kingdoms, and of giving uniformity
to the principles which regulate the relations of debtor and
creditor, and the law of bankruptcy and insolvency through-
out the realm.

" That these opinions have received the sanction of the
merchants, bankers, wholesale traders, and other citizens of
London, in public meeting assembled, of the eommunity
of the Borough of Southwark, of the members of the Cham-
bers of Commerce of Liverpool, Bristol, Bradford, Blackburn,
Worcest3r, Stoke-upon-Trent, and other eminent mercantile
bodies, as expressed by public meeting and petitions, nume-
rously and respectably signed to your honourable house.
" May it therefore please your honourable house to appoint
a committee for inquiring into the whole of this important
subject, with power to send for persons, papers, and records,
and with instructions to report to your honourable house, in
the view of immediate legislation, in conformity with the
views expressed in this petition.
" (By order of the society,)
" FRANCIS LYNE, Chairman.
" Committee Room, 12, Mark-lane,
Bth June, 1853."

The rates at which bills of exchange were yesterday
afternoon negociated upon the principal continental
cities were generally firm. Paris at 90 days being 25
25 to 27k, Amsterdam 11 18i to 19: Hamburgh 13
81 to 4, and Trieste 11 to 11 3. -

The English Securities have been scarcely so animated,
but there is no material alteration in the quotations.
Consols have been 981, 4, and are now about 981, 4.
The foreign news is of no importance, but there is
naturally much suspense when the advices are so con-
flicting, and when there is a probability of the Danubian
principalities being entered under the plea that this is
not an infraction of treaties. The anxiety naturally is to as-
certain how this country and France will regard it. The
New 34 per Cents. are marked 1011 to 4, and the,p- per
Cents. 994 to 1. Bank Stock is worth 2281. Exchequer
Bills are weaker, at 2s. to ss. premium.
Foreign Securities have been comparatively quiet,
the settlement of the account engrossing attention.
Spanish New Deferred Stock has been done at 234,
and the 3 per Cents. have rallied to 484 and 49.
The change in the Ministry at Madrid seems
now to be restricted to the Finance Department.
Portuguese 4 per Cents. have been marked 394 to 4.
Equador Bonds are firm at 6, and Venezuela at 40.
Dutch 21 per Cents. have been done at 65 to 4, being a
slight improvement, and Russian 41 per Cents. have
realised 1021 to 1031, about the previous rates. Sar-
dinian Stock is up 1 per cent. viz., to 95 and 954.
This is account day in the Railway Share market, and
the quotations are fluctuating proportionably to the
speculation carried on in particular lines. Upon the
whole the market is very fairly supported, but the high-
est prices of yesterday are not in all instances obtained.
Aberdeen, Caledonian, and Midland have been in re-
quest. outh-Eastern are much the same, and North-
Western not quite so good, Great Northern keep
steady, the Stock having further advanced. Great
Western are comparatively quiet. Eastern Counties firm.
French shares are a shade lower, although they come so
high from Parii • the account having been principally
adjusted yesterday. • The Western of France are an ex-
ception, being higher.
The shares of the Australian Banks are looking up ;
the Union and the London Chartered being most in re-
quest. orteaua aao zeiev better.
The shares of the Land Companies have taken a ma-
terial start. South Australian have been done at 454,
a rise of 21. to 31., and the Agricultural is up to 70 and
71, a corresponding improvement. Peel River are about
1 to 4 higher.
The Gold Mine Shares are very quiet, and rather firm.
The Jamaica Mines have become fatter, Metcalfes,
after being 7 to 1 declined to 51 to 64, Sue Rivers are ,
4 to ¢ ; Port Royal, .14 to 2 ; and Jamaica, 24 to 34
premium.

_
The Central of France Railway Shares are 1 to 1
premium.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Prom tho Offuial List.)
Business done.
Bank Stock
3 per Cent. Reduced Annuities 994 3.
3 per Cent. Consols Annuities ... shut
New 34 per Cent. Annuities lol'
Consols for Account 9B
Exchequer Bills, ld.
£l000
£5OO 2 5 p
• Small 2 5 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Chilian Bonds, 6 per Cent.. ........
Equador Bonds
Grenada Bonds, Deferred
Portuguese Bonds, 4 per Cent.
Ditto Ex all over-due Coupons 36
Russian Bonds, 5 per Cent.
Ditto 44 per Cent.
Sardinian Bonds, 5 per Cent...
Spanish Bonds, 3 per Cent 4Bi 9
Spanish New Deferred, 3 per Cent 234
Spanish Committee Cert. of Coup. not fun. 6 p c
Venezuela Bonds, 31 per Cent 4O
Ditto Deterred, 1 per Cent 164 16
Dividends on the above payable In London.
Dutch Exchange, 24 per Cent.
Ditto 4 per Cent. Certificates 9si
HALF-PAST TWO.
•
Consols for Opening 19th July • 984 x