The Sun.
London, England, 1853-12-02 00:00:00

MONEY MA RKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, including 500 American
taken on speculation. The market closed heavily
without any change in prices. The sales com-
prised 4,000 American, 200 Egyptian, at 51d. to
70.; 700 Surat, at 3d. to 4id.; and 10 Sea Island,
at 2s. per lb. Railway Shares were very dull.
Operations in Colonial Produce have this week
been influenced by the position of the money mar-
ket, and they have been almost exclusively for im-
mediate requirements. Sugar has been firmly
held, although buyers do not offer such full rates.
In coffee very little has been done, but prices gene-
rally are firm. Tea has been animated, the news
from China causing speculation in anticipation of
an advance. Rice has declined, tallow is firm, and
cochineal and jute are rather cheaper. Iron has
receded. Cotton has been dull.

Referring to the state of the Dried Fruit Trade
at Liverpool, Messrs. Houghton and Levy remark
of currants as follows :

"The quality of 1853 fruit to hand at this market is
better than was anticipated, several parcels now landing
are superior to any of last year's production and do not
bear such strong appearances of the disease. The dull-
ness which has lately prevailed in the fruit market gene-
rally, and in which currants have so much participated,
and so unusal at this period of the year, will, we fully
anticipate, be presently followed by a sudden reaction as
Christmas advances, and evident signs are, the last few
days, visible in the London clearances, but high prices
and large crops of English green fruits have hitherto
Considerably interfered with the consumption of other
descriptions. The arrivals consist of about 550 tons of
1852 and 1853 fruit, and the clearances for home con-
sumption and export reach 110 tons, against 45 in the
previous month, but we were then without any exports."
The condition of the Silk Market is thus de-
scribed by Mr. Henry W. Eaton :
"As might be expected, our market has continued
comparatively quiet during the last month, there is
therefore little to add to the annexed statistics, which
it will be seen still shew a large delivery. In Chinas
some further business has been done in Tsatlees and Tay-
Imams. In Cantons also a few small parcels have been
taken, chiefly of the coarser descriptions, for export as
well as home consumption. The expected early arrival,
however, of the "Challenger" and "Nightingale,"
bringing a large portion of the silk known to be on the
Way, has naturally induced buyers to hold back until
these silks are fairly on the market, which will be
the case in the course of a week, when I think a re-
sumption of a fair current business may be expected.
The advices from Shanghai by the mail just in, are only
a few days later than those reported on the 14th ult.,
and merely state that the insurgents still held posses-
sion, and that no more silk had come down from the
interior. In Bengals, the finest descriptions have been
rather neglected, owing in some degree to the suspen-
sion of the demand for export, and may be quoted lower.
The good B and C sizes still sell readily, but the com-
mon qualities of native silk, which are at the moment
inferior even for sort, may be bought at easier rates. In
Brutias and Persians there is scarcely a transaction to
report. In Italian silk a few throwns have been sold at
a reduction, but in raws there is little alteration."
In the Bankers' Magazine for December wegob-
serve a well-timed article upon " Stock Exchange
Defaulters." The writer treats the matter in a
proper spirit ; for while making every allowance
for those unavoidable losses and misfortunes which
may overtake even the comparatively prudent
when once engaged in speculation, he draws a pro-
per distinction between the mere non-payment of
" differences" arising therefrom, and breaches of
trust as between broker and client. The immediate
occasion of this prominent notice of the subject is
the case recently brought before the Court of Al-
dermen, where a stockbroker who had failed, or at
least been " involved" by his time dealings, no less
than four times, received considerable sums from
various parties for the purpose of investing
them, but applied them to his own use. The
unfortunate sufferers may well lay their loss at the
door of the Stock Exchange Committee, which
allowed Mr. Le Grand, the defaulter in question,
to remain a member after three times failing, with-
out instituting stricter inquiries into his means,
habits of business, and private speculations.
Usually they are not so lenient, as it is well known
that great difficulty exists in obtaining re-admission
to the " house" even after one failure. We hope
the lesson, in this instance, will not be lost upon
the " proper authorities."
There is a very satisfactory change in the appear-
ance of the English Stock Market, and although
the business doing is not extensive, greater buoy-
ancy prevails. The fact that no advance was made
yesterday in the rate of discount, and the hope that
the decrease in the bullion may not prove so large
as was anticipated, have had a; good effect, and as
the settling day approaches, it would appear that
the " contango" gets smaller, being nowl-16 to only.
Consols have been 94i to 95 for Transfer, 94a to
95 for the Account, and 941 to 95k for January.
The New 31 per Cents. have been 95 to 954, and
the 3 per Cents. 93 to Bank Stock is steady
at 217, and India Stock at 250 to 253. Exche-
quer Bills are 3s. to Gs. premium, being still
rather heavy.
Foreign Stocks are very quiet, and for the most
part only nominal. Russian 5 per Cents. have
been at 111 to 111 i, being steady. Sardinian
Bonds are quoted 89, Dutch 24 per Cents. 64, and
the Four per Cents. 95i.
Railway Shares have been better in most cases,
but Great Northern are an exception, having
dropped a little. Lancashire and Yorkshire, Mid-
land South Eastern, and Caledonian are all higher.
Belgian Shares are dull, though firm, and French
very quiet.
The Gold Mine Shares are neglected, and there is
not much doing in the Joint Stock Banks.
The Australian Agricultural Land Shares are
1/. to 2/. higher.

BRITISH FUNDS THIS DAY.
(Prom the Official List.)
Business done
Bank Stock ... ..... 217
3 per Cent. ReClrced Annuities 934
3 per Cent. Consols Annuities 944 6 5 47,- 5
New 31 per Cent. Annuities 95
Long Annuities, Expire sth Jan., 1860
India Stock 250 3
India Bonds, £lOOO .....•.,•••• • ...... •••••••••
Ditto, under £lOOO par
Consols for Account
Exchequer Bills, id.
£lOOO .........................
£5OO 6 3 p
Small 6 3 p

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent. —
Ditto New, 1852, 41 per Cent
Mexican 3 per Cent.
Portuguese Bonds, 4 per Cent 4l
Russian Bonds, 1822, 5 per Cent. £St lll 811

Ditto 4} per Cent
Sardinian Bonds, 5 per Cent... .... .
Spanish Bonds, 3 per Cent 45 5i
Dividends on the above payable in London.
Dutch Exchange, 2 per Cent. 12 Gull CA
Ditto 4 per Cent. Certifieates . ...
THREE O'CLOCK.
Consols 944 5
Ditto December Account 94i 5

LONDON AND VIRGINIA GOLD AND COPPER MINING
COMPANY.—A meeting of the London and Virginia
Gold and Copper Mining Company was held yesterday,
when a report of the preliminary proceedings was
adopted. The property to be worked is the Eldridge
Mine, the amount of purchase-money being 5,0001.,
with a further interest to the vendors after stipulated
returns shall have been secured. The balance in hand.
exclusive of the amount to be paid for the mine, is stated
at 7,9801., which the directors anticipate will be suffi-
cient, without any further call, to develope the under-
taking. Economy has hitherto been exercised in the
general expenditure.

FINANCIAL AFFAIRS of RIISSIA.—It appears that the
amount to be remitted to this country by Russia for
dividends, &c., during the next four months will pro-
bably be from 300,0001. to 400,0001., or nearly one-half
the total which has just been summarily removed. The
two Russian loans known in the London market are the
Five per Cents. of 1822, for 6,500,0001. ; and the Four-
and-a-Half per Cents. of 1850, for 5,500,0001., of which
latter 220,0001. has been redeemed. The proportion of
the former still held in this country cannot be ascer-
tained, but it is supposed to be large. The half-yearly
dividends on the two fall due respectively on the Ist of
January and the Ist of March next, and will amount to
about 280,0001., while a further sum of 110,0001. is re-
quired in January for the annual withdrawal of 2 per
oent, of the loan of 1850, according to the conditions of
he contract. The aggregate funded debt of Russia,
home and foreign, is estimated at about 50,000,0001.
THE ALLEGED MADER Alt DEPTFORD.—Last night
NIL W. Payne, the coroner, and the jury, assembled far
the third time at Guy's Hospital, to pursue the inquiry
into the circumstances attending the death of Thomas
Brosnahan, alleged to have been murdered at Deptford,
by Russian sailors, on Tuesday, the 22d ult. The prin-
cipal facts of this case have already appeared, and the
evidence yesterday was only in corroboration of the pt e-
vious evidence. The jury, after a short consultation,
unanimously returned P. verdict of mansl ,ughter against
Gustoff Brunel, Andreas Alkola, and Hovi
Gustoff Khronolma.
TRH ROYAL SOCIETY.---The anniversary of this society
was held on Wednesday, the Earl of Rosse, president,
in the chair. His lordship delivered his annual address,
after which the Copley medal was presented to M. Dove,
of Berlin, for his work on the distribution of heat over
112. e surface of the earth ; and the Royal medal to Mr.
Charles Darwin, the eminent naturalist, for his works
4°,l l
natural history and geology. After the meeting
ne.fellows of the society and their friends dined together
at the Freemasons' Taverns the Earl of Rosse, presi-
"nt' tie chair. .