The Sun.
London, England, 1854-05-27 00:00:00

MONEY MARKET

AND
COM Ar h'ECIAL INTELLIGENCE.

CITY, TWO o'CLOCK

The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, including 1,000 taken for
export. The market was dull. and prices in favour
of buyers. Railway shares were steady and firm.
The gold receipts had not apparently come into
the Bank return up to the 20th inst., although
they may in part have been available in meeting
the demand for remittance, and even the next re-
turn published will not show the full effect, as a
good deal has yet to be delivered. The demand
for discount accommodation is proved by the in-
creased amount of the other securities ; but a far
more remarkable feature is the reduction in the
Government Securities to the extent of nearly a
million and a quarter sterling. The probability is
that the Bank sold Exchequer-bills, though it may
have disposed of stock likewise, in order to meet
the increasing demand upon it. The amount to
the credit of the Government had not much in-
creased, and the balances of private depositors
were further trenched upon. In the reserve of
notes there was a satisfactory augmentation, and
the circulation of notes was curtailed by the opera-
tion in Government Securities above referred to. '
Compared with the previous week, the changes are
as follows :

Active circulation
Decrease
Bullion
Decrease
Rest

£20,679,065
464 925
12,513,969
75,397
3,225,731
10,834
2,671,551
67,886
10,146,428
44.-0,582
1,069,784
41.779
10,406,309
1,219,183
15,425,281
281,242
5,100,030
386,750

Increase
Public Deposits
Decrease,
Other Deposits
Decrease
Seven-Day and other Bills
Decrease
Government Securities
Decrease
Other Securities
Increase
Notes unemployed
Increase

There was no particular alteration yesterday
afternoon in the rates for bills of exchange upon
the principal continental cities, but they were firm.
Paris, 90 days, 25 25 to 27k ; Hamburgh, 13 54. to
; Amsterdam, 11 16i to 17 ; Frankfort, 1181 ;
and Trieste, 13 46 to 50.
Bar silver is flat, ss. Ifd. per oz. Dollars are
S. ld. The gold recently brought from Australia
was delivered at the Bank yesterday, and nearly
all offered to it for purchase, owing to the high
rate of exchange.
The Devonshire Great Consolidated Copper Min-
ing Company, yesterday, at the Board meeting of
the Directors, declared a dividend of 11,2641., be-
ing 111. per share for two months.

The Trust and Loan Company of Upper Canada
will have its meeting next Tuesday, when the Di-
rectors intend to recommend a dividend at the rate
of 8 per cent. per annum. All the purposes con-
templated in the original formation of the Company
have been well carried out, 454,5321. having been
invested in Canada on first-class security, while the
flourishing condition of the colony affords the best
guarantee for the future. We see in this instance
what English capital may accomplish, where there
are great natural resources awaiting development,
and far preferable is the employment of our surplus
means in such manner to their wasteful misappli-
cation in loans to bankrupt foreign states.
The last New York accounts report dull markets
for imports. One account states :
" Foreign manufactures are without improvement in
any respect. The regular trade movements are insigni-
ficant and worthless as a guide to the market, purchasers
generally finding it less difficult, and more advantage-
ous, to procure stocks in tne auction-rooms than of the
importers, who have not a great deal on hand, or of
commission merchants, who are rather unwilling to sell
privately at prices to suit buyers. Still it is quite evi-
dent that owners are anxious to close out what goods—
especially such as are of an unpopular or inferior kind
--they retain, and to do this they evince an inclination,
even by abating their claims. Failing to accomplish
their object by these means, they resort to the public
sales-rooms, through which they are distributing their
ritocks, chiefly among near-by country and local dealers,
Without much regard for prices, which are all in favour
of the purchasers. Hence the present dulness and de-
pression of the business."

The amount of gold exported direct from Lon-
don during the week to Thursday last was 5,275
ounces, and of silver 14,180 ounces, all to the Con-
tinent.
The steamer Indiana has arrived from the Cape
of Good Hope.
The letters by the steamer Australian, transferred
to the Meander, have been delivered this morning,
but the dates are old.

The private accounts from Paris are very satis-
factory. Great buoyancy prevails there, and
money is so plentiful as to impart a decided stimu-
lus to trade. The official report upon the French
Budget has been perused in the City with consider-
able interest, and is regarded as favourable upon
the whole, a small surplus being shown. The
finances of France were, indeed, seldom in a sounder
condition.

The Funds have improved considerably again
this morning, and there is a good business doing
for transfer and account. The rise in prices is to
per cent., the advance of 1 per cent. at Paris
Yesterday, and the confirmation of the treaty be-
tween the four powers, having a great influence.
Consols have been 90k 1, and since 90g if. There
have been several buyers for investment, the pub-
lic having taken courage, and being anxious to
secure the dividend next due. The New 3/ per
Cents. have realised 90k to /. Bank Stock is steauy
at 204 to 205. Exchequer-bills have been at par
to 4s, prem., and the " advertised" at 2s. discount
to 2s. prem. India Bonds are ls. to 4s. prem.
The foreign securities have been quiet, and there
is no change of interest. Mexican Bonds are worth
241, and Grenada Deferred 6/. Buenos Ayes have
been at 551. Russian 5 per Cents. have been up
to 96 and 97. Dutch 21- per Cents. have been at
Wk.
, Railway shares have been brisk, and there is an
im•
provement again in all the quotations. The
• orth Stafford have risen upon the new agree-
znent with the North Western. North Western
are, 11. higher than they were yesterday morning,
ualedonian better, and Midland, Great Northern,
and some others in proportion. Foreign shares are
up likewise. Northern of France have advanced
le. upon the rates of yesterday morning.
The Mining shares are duller, the Banks fully
supported, and the Land Companies' again in the
ascendant.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.

( Front the Official List. I

_
Rumness done
Rank Stock .. . •
3 per Cent. Reduced Annuities B9h $
3 Per Cent. Consols Annuities 9o} $ A $
New 3i per Cent. Annuities B9/ 901 A
New 2i per Cent. Annuities
long Annuities, Expire sth Jan., 1860 —
bittg., 30 Years, Expire 10th Oct., 1859 4a
India Bonds, £lOOO . ..................
Ditto, under £lOOO 2 1 4 p
tank Stock for Account 2054
Consols for Account CO June 9O B i i
Exchequer Bills, 2jd.
£IOOO
1:500
Small 4 p
Ditto Advertised 2 p 2 d
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent ssi
Grenada Bonds, Deferred
Mexican 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £St 97 6
Ditto 44 per Cent B3
Dividends on the above payable In London.
Dutch Exchange, 2i per Cent. 12 Gull
TWO O'CLOCK.
Console 9oi $
Ditto Juno Account . 9O $

SOUTHAMPTON, Friday Night.—By the Peninsular
and Oriental Company's steam-ship Euxine, Captain
Cooper, we have dates from Constantinople to the 10th,
Smyrna, to the 12th, Malta to the 16th, and Gibraltar to
the 21st inst. The Euxine brings 22 passengers and a
cargo of Levant produce. On the 17th she spoke the
Peninsular and Oriental Company's steamer Simla, on
the 20th the transport-ships Negotiator and Bannatyne,
°ll the 21st a steamer, No. 4,862 first distinguishing
Pendant, and the Culloden, War Cloud, and three other
tlaneports, on the 224 the steamer Madrid, on the 23d
the„ steamer Colombo, and on the 24th the screw-steamer
'tYdaspes off Cape Finisterre. The steamer Tonning
Was at Gibraltar, embarking. troops for England, and
e sailing-transp-rt No. 25. From Constantinople and
Malta the Euxine brings no later news.
b_lorirr ORDERS.—General Post-office, May, 1854.
nland—On the let June, a major money order office
~."11 be opened at West Hartlepool, county Durham.
Minor money order offices will be opened at the under-
tlentioned places on the respective dates named :
Shirley (Hants), head office, Southampton, June 20 ;
DStretford (Lancaster), head office, Manchester, June 26.
eland—Clontarf (Dublin), hesdoffice, Dublin, June 1;
~,uPrt (Mayo), head office, Westport, June 1 ; Oughte-
r (Galway), head office, Galway, June 1. Scotland—
earrhead (Renfrew), head office, Glasgow, June 1 ;
Inhernauld (Dumbarton), head office, Glasgow, June
Gourock (Renfrew), head office, Greenock, June 1 ;
te;Mnxtown (Stirling), head office, Glasgow, June 1 ;
J°llnekshaws (Renfrew), head office, Glasgow, June 1 ;
frew (Renfrew), head office, Paisley, June 1; Shotts
nark), head office, Motherwell, Juno 1. On the Ist
nse a' major money order office will be opened at Strom-
B.!, Orkney.
-rROSECUTIONS AT ASSIZES. —Among the sums to be
voted •
assizes
the current year is 250,0001. for prosecutions
co nt zes and quarter sessions, formerly paid from the
y rate
rs. This is an increase of 10,0091,
in the pre-
''44l2g Yea,