The Sun.
London, England, 1854-04-04 00:00:00

, "
ILIA IL .1)i it 11.11 a 1

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 5,000 bales, including 500 Ame-
rican taken for export. The market was steady,
without alteration in prices. The sales comprised
4,000 American, 160 2ernam and Maranham, at
6id. to lid. ; 400 Egyptian, at 6d. to Bd.; 400
Surat, at 3d. to 41d.; and 30 Sea Island, at Is. to
ls. 312-d. per lb. Railway Shares were flat, at
rather lower prices.

The following observations directed against those
who argue that a supply of tallow can be obtained
indirectly, and whose views find expression in
the columns of a leading contemporary, are by
Messrs. Smith and Charles, Russia brokers, and in
this, as in other cases, we leave them to the judg-
ment of parties acquainted with the subject :--
"The average cost of bringing tallow from St. Peters-
burg to England is 21. per ton. By the penultimate
advices from St. Petersburg, it appears that 50 casks of
tallow had been bought, and a contract made for bring-
ing them overland to Memel, at an expense of 241. per
ton, including freight to England ; and it is stated that,
had the quantitybeen 100 casks, the overland charges would
have been much greater. By this day's advices from
St. Petersburg, we learn that no further purchases had
been made for export, as no conveyances to neutral
ports could be obtained, and goods already on the way
to Memel were detained for want of horses. The
Economist proceeds, —' In the year 1853, high
prices and an appprension of war brought hither
an unusual quantity of tallow from St. Petersburg.'
The average price during the period in which
tallow was being brought into St. Petersburg for
shipment to this country was 50s. 6d. per cwt. The
price, however, had nothing to do with the St. Peters-
burg supply. The tallow was all manufactured in the
interior of the country, between October 1852, and
January 1853, and forwarded to the wharves on the
great internal rivers by the following March for transit
to St. Petersburg, and would have been sold (or con-
signed) and shipped from St. Petersburg (as is the cus-
tom of the trade) whatever had been the price of tallow
here, or the political aspect of Europe. The Economist
continues—' Our growing demand for materials of that
description (tallow) is supplied by the increasing quan-
tities of palm oil and cocoa nut oil.' As bearing
on the future, we have only to repeat what we said on
the 3d ult., that the largest estimates of both these oils
for the present year give an increase over 1853 of 4,500
tons. The Economist concludes its article by suggesting
that, 'for purposes of illumination, tallow may be super-
seded by wood and coals, and a variety of materials from
which gas may be obtained.' The writer appears to for-
get that we derive large supplies of wood from Russia,
that tae price of this article has risen very considerably,
and that, if employed as he proposes, the price would be
immensely enhanced. We admit that the use of gas
may be extended, but the objections to it are inherent
in its nature."

Of the silk market, during the month, Mr. H.
W. Eaton writes as follows :

"As might be expected the silk market during the
last month has formed no exception to the general sus-
pension of trade, consumers being naturally unwilling to
buy beyond their immediate wants ; it is therefore the
more gratifying to be able to report the largest monthly
delivery of silk ever known, the excess, which consists
of Chinas, being 939 bales over that of March, 1853,
then considered the largest on record."
The following statement has been sentiby Messrs.
Greenhow, and Irving, as to the position
of the Manchester market during the past month :
"There is, so far, not so much ground for dissatisfac-
tion, when the immensely productive power of the dis-
trict is taken into account. As yet there are no stocks
of importance to be found generally, but as may have
been perceived and inferred, they are likely soon to in-
crease materially in both goods and yarns, unless a re-
vival of demand should ensue or the working of short
time commence, and that is a theme upon which nearly
all our spinners and manufacturers are meditating. Un-
less some change for the better soon take place, the alter-
native appears to us to be unavoidable, and it is one
which ought generally to be adopted.
" We may mention that the most important change
in feeling, in action, and in value occurred within the
last fourteen days.
" Prices' attaching a due and proper importance to
the altered value of the raw material, have not changed
more, probably, than they ought to have done, and even
in the declension intimated by our quotations no great
or unexpected change has taken place. The greatest
decline in both yarns and goods has happened during
the last fourteen days, as will have been observed. As-
suming the prices of everything of a staple character to
have been higher on the 31st January than they were
on the 31st December in last year, there is really nothing
—independently of political or other causes—calculated
to cause much real reason for alarm at the present, in
that respect, amongst producers. We take the highest
point, as indicated by date of 31st January, and notice
—including, of course, that within the last fourteen
days—that the decline, for example, upon
low printers, up to 31b 6oz
„ 26in 66 ditto, up to 41b Boz
„ 27in 66 ditto, up to 41b 10oz 4id to 6d „
„ 27in 72's ditto, up to 51b 4oz 6d to 7d „
36in 60, 64, 66, and 72 reeds 4id to 6d „
32in and 36in Madapollams
40in gold end shirtings, weighing
from 51b 4oz to 81b 4oz
36in shirtings, 60, 66, and 72 reeds 44d to lid „
45in ditto, in 60, 66, and 72 reeds 3d to 4id „
40in jacconets, 20 yards
„ cambrics, 12 yards
36in 40 and 50in twills
30in and 32in T cloths lid to 3d per piece.
Min and 40in long cloths
36in to 43in tangibs
Domestics, in all qualities -16d to id per yd.
Yarns generally, in the bundle, both
in water and in mule
Twist and pin cops may be considered nominally id to
id per lb, including warps.
"These being a few of our most prominent staples, we
adopt them in the way of elucidation. There is, how-
ever, increasing irregularity in prices ; and the absence
of extensive or mhderate operations disqualifies us from
giving more certain quotateins."

- The ship, Northumberland, from Melbourne,
brings 30,404 ounces of gold, and the Brilliant,
from Geelong, 15,000 ounces.

The steamer Alps, from New York, has arrived.
She brings 99,928 dollars.
The remainder of the Overland and Australian
Mail has been delivered this morning.
At the northern circuit, at Liverpool, on the
Ist inst., the question of the legality of time bar-
gains was again tried, Judge Cressvrell presiding.
This was an action to recover a sum of 591., as the
balance of an account claimed by Halsal, a share
broker, from Ainslie, of Fort William. Various
settlements of similar accounts in favour of the de-
fendant had occurred, but the defence now set up,
when the balance was on the other side, was that
the transactions were speculations, and wagers on
the price of shares, and that no real transactions
for the purchase of shares was intended, the dealing
being arranged between the parties to be for " dif-
ferences " only. The jury found a verdict for the
plaintiff for the amount claimed.
There was a higher range of prices for English
Stocks upon the commencement of business this
morning, but a reaction occurred momentarily, and
Consols which had fallen at 86 i, being after-
wards 86i i. They are now again about 86i i. The
money price is more in accordance with that for
account than it has been, showing less pressure of
sales. Exchequer-bills have been at 2s. premium,
and India Bonds at 7s. to 12s. discount. The
New 5 per Cent. Annuities have again been dealt
in at 1131.
There has been a quieter market for Foreign
Securities, but prices generally keep up. Russian
Five per Cents. have been done at 89 to 90.
Dutch Two-and-a-ffalf per Cents. have touched
54.. Brazilian Old Five per Cents. have been at
90 to 91 ex-dividend. Mexican Stock has realised3 1
2. , , being rather duller. Spanish Deferred Bonds
have been at 17, and Portuguese Four per Cents.
at 35.
The English Railway Market is steady this
mining, and some of the favourite lines have ad-
vanced in price. There is a rise in Great Northern
of about 10s. Great Western, Brighton, Midland,
and Caledonian, have improved to nearly a similar
extent. South Eastern are rather depressed.
French Shares have been very little dealt in.
The Mining Market is inactive, and there is very
little doing in the banks. The Land Companies'
are comparatively steady. _

BRITISH FUNDS THIS DAY.-CLOSING PRICES.

( Prom the Official List.)

riminem. (Inn<
3 per Cent. Consols Annuities B6iiiiii
New 5 per Cent. Annuities ll3l
India Bonds, .€1000
Ditto, under £lOOO l5 5 d
Consols for Account 18th April B6l
Exchequer Bills, 2d.
£l000
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
New Brazilianßonds, 1829 & 39, 5 per Cent 92
Ilaxicau 3 per Cont.
Peruvian Bonds, 4i per Cent.
Portuguese Bonds, 4 per Cent 35
Russian Bonds, 1822, 5 per Cent. £ St B9 90
Spanish New Deferred, 3 por Cent. l7

Dividends on tbTo above payable in London.
Dutch Exchange, 2i per Cont. 12 Guil MI 4
Ditto 4 per Cont. Certificates .
THREE O'CLOCK.
Consols B6l
Ditto April Account 864 6