The Sun.
London, England, 1854-08-05 00:00:00

a

I_4z. 4-1

AND
COIIMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 8,000 hales, including 2,000 taken
for export and on speculation. The market closed
firmly. Railway Shares were flat.
In giving the substance of communications from
Russia, Messr!. F. J. Sinith and Charles remark :
"Horses were said to be very difficult to obtain, and
the charge for carriage was still rising. Here our mar-
ket continued to improve throughout the day ; especially
after the announcement that the Bank of England had
reduced their rate of discount by one-half per cent. It
vas at. once perceived that this would facilitate the hold-
ing of the tallow delivered off on the August contracts,
and thus prevent any considerable quantity being thrown
on the market for sale. The closing prices were—Spot
and August, 665. 6d. ; September, 675. 6d. ; October
and December, 695. 3d. To-day we received letters from
St. Petersburg to 28th inst.—nothing doing, carriage
still rising. One letter from Koxna states, the con-
dition of the tallow that has arrived at this place is ter-
rible.' Here we opened with great buoyancy."
In the timber trade monthly circular of Mr.
Edward Chaloner, of Liverpool, it is observed in
reference to teaks, and other ship-building woods,
that.

"Owing to the Committee of Lloyd's instituting them-
selves an authority in favour of woods comparatively of
modern discovery for ship-building, they have become
not only exceedingly scarce but dear, and almost out
of the reach of consumers ; these woods are Sabicu,
Morra, Greenheart, Live Oak, and African Teak,
of which the aggregate import since 1851 is only
1,750 loads, consequently, the stock of really good ship-
building wood in the port being 400 loads of ship-build-
ing mahogany, though good enough for her Majesty's
dockyards, cannot be used by our ship builders for first-
Class ships through the unjust prejudice, to say the
least, of the parties referred to. Strange, the woods so
much appreciated just now for the navy should be pre-
judiced for the merchant's ship by parties self-appcinted !
Se there being practically no ship-building wood, there
are no sales to report. In my recollection in this port
the population has become multiplied fourfold and the
tonnage sevenfold : but our shipbuilding in the like
time has not in the least progressed. Just now some
efforts are making.. to advance this most conservative
trade—yet not on the part of Lloyds."
So long as Lloyd's classification committee per-
petuate its self constitution by electing its own
numbers year after year when vacancies occur, the
shipping interest cannot be said to be fairly repre-
sented therein. A body which has such important
interests confided to its care, should certainly com-
bine more of the popular element, and there would
„then be a better chance of affording general satis-
4aetibn, and of avoiding even the suspicion of favor
and affection, which, even if groundless, is sure to
be entertained whenever any section of the com-
tinnity, whose property the Committee affects to
benefit,consider itself aggrieved.
An explanation of the precise causes that led the
"'lank of England, on Thursday, to reduce the rate
of discount, is not to be sought altogether in the
Weekly return of its liabilities and assets made up
the 22tli ultimo, still there were the premoni-
toryt°
sYmptoras of that decline in the business of
the Corporation which has since become more de-
ved. The discounts were smaller, and there was
aln
reduction of circulation. There was one feature,
hotrever, that manifested a continued tendency to
..eZPort specie, viz., the diminution of the deposits,
~4.11(1) it is probable, that as parties could borrow
cheaper elsewhere, they would use their own means
first, before applying to the Bank of England for
ace()
mmodation. Compared with the previous
week, the changes are as follows :
Active circulation..
Decrease
Bullion
Decrease

£20,514,720
141,805
13,484,324
149,353
3,335,739
7,207
2,302,361
243,576
11,124,260

Rest

Increase
Public Deposits..
Increase ..
Other Deposits ...

Decrease.
Seven-Day and other Bills
Decrease
Government Securities
Decrease
Other Securities

485,139
1,039,720
17,514
11,775,383
35,000
13,610,093

Decrease 209,322
notes unemployed 6,257,060
In crease
The amount of notes circulated by all the banks
In the United Kingdom during the month to the
Bth July last was 36,360,3171., being a decrease of
1,420,668/, compared with the previous month.
~ Yesterday afternoon there was much firmness in
re rates at which bills of exchange were nego-
iated, Paris being at 25 25 to 30, Amsterdam at
"1-1- 17 io 17j, and Hamburgh at 13 61 to 7.
Trieste was 12 30 to 35 ; in all these cases for 90
'LaYe paper.
o„During the week to Thursday last, 157,800
14ces
of of silver were exported, and 1,910 ounces
a , A
gold, chiefly to Hamburg, Belgium, Boulogne,
nd Rotterdam.
the meeting of the Tamar Maria Mine, this
,
1,-J) Weatherby, Esq., in the chair, a report
as read, which stated that the works were pro-
agrming steadily, and were confined to driving an
7E14 level on the cross course, which was extended
i 1 fathoms, but the No. 3 lodes had not yet been
iliatersected. The No. 4 lode was opened in in a
neighbouring mine, and large quantities of ore
ore got from their 20 fathom level, which was a
great encouragement for the Tamar Maria. The
liabilities
showed a balance of 4071. 7s. 7d. over
and arrears due from those who had not
v rted their original shares, besides 1,690 un-
41111'1 shares. It was stated that non-converted
could would be sold shortly, but the committee
itlutu_lci not object to receive the money due in the
,'"r, in; so as to avoid a public sale if possible.
4-oere has been an improvement of / to a per
cen.t. in the funds, although the market is extremely
Liliet• Consols have been 92-i to 921 for transfer,
rea,. 92i to 93 for time. Exchequer Bills have
nsed 2s. premium. The New 3k per Cents. have
93en at 93i to 93i, and the-3 per Cents. at 921 to
There is an impulse given to prices by the
vre-pa rations for invading the Crimea, and which
viewed with great satisfaction, tardy though
47 be.
oCForeign Stocks have been very steady. Mexican
uds have realised 24±, and Peruvian 41 per
3sents. 68 to 68k. Spanish 3 per Cents. are worth
4", and the Certificates are 48 to 51. Dutch 4
Per Cents. are 928.
The following are' the nominal prices of foreign
;""ke :—Grenada Deferred Bonds, 6 to 6:1-- ;
243 to 24l ; Peruvian, 67 to 69 ; Ditto 3 per
C‘-jiats., 51 to 53 ; Portuguese 4 per Cents., 39 to
; Russian 5 per Cents., 97 to 99 ; Ditto 41 per
nts:, 82 to 84 ; Spanish New Deferred, 181 to
19±; Ditto 3 per Cents., 38 to 39 ; Ditto Certi-
eates, 41 to 5±- ; Ditto Passive, 4 to 4±.
The railway market has been fluctuating, but
upon the whole is now looking up.
Mines and Banks are nominal. Crystal Palace
toutinue flat.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Oficial List.)
Btmlness done.
3 per Cent. Reduced Annuities
3 per Cent Consols Annuities 92i -
3* per Cent. Annuities . 93h 3
A
Consols for Account 17th August 92
Exchequer 13111 s, 20.
#lOOO
small par 3 p
'7ichequer Bonds, 185 S
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
. Mexican 3 per Cent.
Peruvian Bonds, 4A per Cent.
Spanish Bonds, 3 per Cent 3Bl x d
Spanish Committee Cort. of Coup. not fun 5B 41 p c
olyidends on the above payable in London.
blitch Exchange, 2A per Cent. 12 Guil
Ditto 4 per Cent. Certifieates . .... 92A

TWO O'CLOCK.
Consols 92i &
Ditto August Account 92i 3

THE LATE STABBING CASE AT STANHOPE-STREET,
LARE-MARKET. —Mr. Land, the house surgeon at King's
College Hospital, from inquiries made, found that the
Unfortunate man, Barnard Corry, No. 121, F, who was
13tAbed, was still in a very weak condition from the
F!'eat loss of blood, but great hopes were entertained of
'la ultimate recovery, the wounds not being so deep as
,/9, as first anticipated, and a very great change had taken
'ace for the better.
bREADP CIL ACCIDENT AT DEPTFORD RAILWA STATION.
"Yesterday morning, between 10 and 11 o'clock, some
" len were engaged in cleaning some railway carriages
ofilch were hoisted by a large machine, called a jack,
° la their sides when one of the carriages slipping, fell
Ver, crushing' underneath it E. Baldock and Charles
eY in a frightful manner. Medical assistance was
ent for, during'
ren-
dered which time every assistance was
to extricate the unfortunate men, and after some
delay they were of out in a state of insensibility and
'lle
to Guy's Hospital, but from the severe nature oflle injuries very slight hopes are entertained of their
recovery.
THE OYSTER SEASON. —Yesterday morning Billings
t Rte.nlarket was opened for the sale of oysters, and
he supply of natives, commons, and Old Barleys was
bundant. The oyster season, or " oyster fair," as it
, as formerly called, until a few years back, was annually
Paned with great formalities by the Lord Mayor, as-
) 1;49 by the Alderman and Common Councilmen of
, Ward and the officers of the Corporation.
of
ceremony being performed at midnight on the 4th
August a very great number of accidents occurred,
and several persons drowned, whilst in a state of intoxi-
cation, to prevent the recurrence of which the Court of
Aldermen altered the time of opening from midnight to
the morning of the same day. There were 17 oyster
smacks up yesterday morning from Colchester, Whit-
Jtable, Milton, China Rock, Queenborough, and the
edway, but the sale is now no novelty, as French and
lrsey oysters are imported the year through and for-
warded to the metropolis by railway.