The Sun.
London, England, 1853-04-13 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

• CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, of which 2,000 American
were taken for export and on speculation. The
market closed firmly. The sales comprised 5,000
American, 140 Peruam and Maranham, at 6d.
to 60. 20 Bahia at 6,d., 300 Egyptian at sid. to
8(1., 300 Surat at 31d. to 4-id. and 60 Sea Island
at Is. 10d. to 23. sd. per lb. Railway Shares were
fiat.

The Foreign Exchanges were firm yesterday, bills
dated three months being quoted 25, 271 to 30 on
Paris ; 11, 181 to 19 on Amsterdam ; 13, 8 to 81 on
narnburgh ; and 11, 5 to 8 on Trieste.
It is often that one is called upon, in the impar-
tial exercise of the duty which every writer owes
the public, to give a warning against foreign loans
and schemes that absorb a large amount of British
capital at the risk of its partial or entire loss.. On
this account, it has been peculiarly satisfactory
to find the Australian colonies presenting an
outlet, since the fact is patent to all, that
In periods of ease there will be an endeavour to
obtain. remunerative employment for surplus means,
even when risk is involved. If part of the money
invested in Colonial mines, for example, should
prove to be a loss, there will, at least, be the con-
solation that the amount has been expended in
Australia. Canada recently has had a small
share of public favour, her Trust and Loan
Company, Great Western Railway, and Ha-
Milton and Toronto Railway, and Richmond
Railways, having enlisted the co-operation of
our leading capitalists, and yielding most important
results. It may be in the recollection of our read-
em, however, that more than 12 months since, the
Ron. Mr. Hincks came to London expressly to ar-
range with Earl Grey for a guarantee to a great
Central line of railway, embracing all the
British North American provinces. The Home Go-
vernment required the undertaking to be made after
the plans of their military surveyors, with a view
to the defence of the' colony, and the provinces of
Nova Scotia and New Brunswick could not bring
their legislatures to a right understanding. Now,
however, the province of Canada has wisely deter-
mined to come forward and execute its own portion
:3f the line, and the prospectus, this day circu-
lated, contains as directors the great names
of Thomas Baring, M.P. ; G. C. Glyn,
_; and Alderman Thompson, M.P. The
capital required is large, nine millions and
a-half sterlina ; but only 7,246,0001. require to be
raised, and at a portion of this at the present
thae—say one-half. The contractors take the
ether half. The Railway will complete the com-
munication 'through Canada. There is a large
amount of colonial capital already invested ; there
i 8 a Government guarantee of 6 per cent. on the
bebentures, and .the same interest will be allowed
en the Shares during construction, and the cost is
already defined. The estimated profits exceed 11
Per cent.
• The Stock Market has been very quiet this morn-
ing, and mot a speculative transaction in Consols is
officially reported, the jobbers being occupied with
,the arrangement of the account. The " continua-
;4A°ll” to May is 4 per cent., the money prices being
continua-
.;4A°ll” a, and those for account Dog- 1. The New
hhree-and-a-Quarter per Cents. have realised 1031
°4, and the Three per Cents. 99/. Bank Stock
are
a 8 been firm at 226. Exchequer Bills of June
e s. to 7s. premium, and those of March ss.
'riealium. East India Bonds are 455. premium.
Ltd). the Foreign Securities there has been very
e doing, The Peruvian Deferred Bonds have
risen 2 te:'.3 per cent., in consequence of the ex-
pected early announcement of the conversion into
vActive, which, according to rumour, will be on
very favourable terms. Equador Stock has been
quoted 64, ;
a rise of it to Brazilian Old Bonds
arece worth' a
thents.
news of the
are at 99.
to 101. The Four-and-a-Half per
Spanish Bonds are heavy, upon
Cortes. Th suspended sittings of the
The Committee's Certificate is at
to 63 to a
g ul per cent, The Turkish Loan is 34
Premium. The committee, as we anticipated,
have recommended the acceptance of the terms prof-
fered by the Ottoman Porte. Dutch 4 per Cents.,
after being 97/- have dropped to 96-
The Railway Share Market is fto per cent.
I.°Wer again, and the rate of interest for carrying
Over until the end of the month is rather onerous,
87 6to 8 per cent. on the old lines. The French
ares are down i• to The second reading of the
sipper India Railway Bill is postponed at the de-
bof the promoters, to await the answer of the
overnor-General of India, expected, we believe,
Y the mail now telegraphed.
ver...Joke _A. gua Fria Mining Company have received
Y favourable advices. Mr. Atwood was in
beeatY for a valuable property, near Gold Hill, to
ell:11°114d under a royalty, and the machinery was
i,,mtg quartz to an extent already that promises
for dense return. There is a good sum realised
the the Shareholders, and this is encouraging for
t 0 rstralian Companies. The price is firm at
veDretnium.
heat/Y, 'old Aline Shares generally are rattier
in favour of buyers.
,Ple-0,..„1—'414 Companies' Shares hat/© been very de_
b° 51. Australian Agricultural
are down 3/.
The, ,
Banks are neavy.

/RITISII FUNDS AT ONE O'CLOCK THIS DAY,
(From the Official List.) . _

Bank Stock ...

Business done
226

3 per Cent. Reduced Annuities - 664 i
3 per Cent. Consols Annuities
New New 31 per Cent. Annuities
Long Annufties, Expire sth Jau., 1860 -16 5 15-16
India Bonds, £lOOO
Exchequer Bills lid. June.
£lOOO..
£5OO 3 7 5
Small 3 7 par 5
I%IOE OF FOREIGN FUNDS AT ONE O'CLOCK.
Braelian Bonds, 5 per Cent.
Ditto New, 1852, 4i per Cent 99
Ditto New Bonds, 1829 & 39, 5 per Cent lO2l
qua.dor Bonds
Peruvian •4 per Cent. BB4
1.
',ertivian Deferred 3 per Cent.
Spanish
Bonds, 3 per Cent.
DT'Vanish Committee Cert. of Coup. not fun 6,i i a
urkish Loan, 6 per Cent., 1852 ••• •• •••
Dntch Exchange 2i per cent
Ditto 4 por Cent. Certificates... .

March.—

97;f 6? gel
RALF-PAST TWO.
100 i
100 a

Consols.
Ditto April Account

--- - --
~, CO3U3IISSION OF LUNACY ON MR. F. O'CONNOR.—Ye.s-
TrdaY a commission in the nature of a writ de lunatwo
42_,uirendo was opened before Mr. Commissioner Barlow
anda Jury of freeholders of the county of Middlesex, at
the Roebuck Tavern, Chiswick, for the purpose of inves
tigating the state of mind of Mr. Feargus O'Connor, for-
Illerly M.P. for Nottingham, and a leading Chartist agi-
tator but who since June last has been an inmate of Dr.
Tuke's Lunatic Asylum, Manor-House, Turnham-green.
At the close of the inquiry the jury found that Mr.
Peargus O'Connor was of unsound mind, and was inca-
pable of managing his affairs, dating the lunacy from the
t6z.loth a June, 1852, the day on which he was committed
tylthe custody of the Sergeant-at-Arms of the House of
,illenl'n• We have a full report of the proceedings in
,r:leb. shall appear to-morrow.
inere .x:P°aT liturt TRADE.—There has been'a great
• —e in the e,
shipments to I d ale on account of
Portation of beer and
ended the 5t n value,
and Australia. In the two months
the declared
FRENCH Sm. of which as 198,2911.
g. ''''EPLECHASES.—W Two steeplechases are to
de?.;:in„e (L. en Sunday next, at La Marche, near Ville
wraY- One is to be for the Selling Stakes of 3000 fr.,
added to 300 fr. entry ; the other for the Consolation
Stakes of 2500 fr., for horses that have run at La Marche
abtid never won. For the former the entries are—Mr.
44'ackley's Glenlyon, Count de Coataudon's Rabelair, M.
de la Motte's Franc Picard, M. Delamarre's Spring Buck,
Mr- gig ins' Flying Buck, Chapman's lanthe, Mr.
Seward's Constitution Mr. Mason's Nom de Guerre,
-Dito's Trust-me-Not, 'Mr. Robert's Quickstep. For the
latt,er stakes the entries are—Mr. Higgins' Simple
'er Count de Coataudon's Bedford, Mr. Chapman's
Augustine M. H. Delamarre's Spring Buck, Vicomte
de St. Roman's Fiction.
'IiDESTRUCTIVE FIRE IN THE LONDON-ROAD.—Last
ght, between the hours of nine and ten o'clock, a fire
a very alarming character broke out in the premises
,of Mr. Hodges, a cabinet-manufacturer, situate in
‘rarden-row, London-road, Southwark. The fire, when
first discovered had obtained a strong hold of the upper
workshop, and owing to the inflammable nature of the
atock-in-trade the flames speedily penetrated the roof
and rose to such an altitude as to illuminate the district.
Information of the disaster having been sent to the
ine-stations with as little delay as possible, the fire-
tne
agn ado engines of the London Brigade and West of
I:a'vin lan ffice attended, and a bountiful supply of water
CO
been obtained from the mains of the Lambeth
°l:lPanY, the firemen went to work in admirable man-
anerin,
~, nd by great perseverance they succeeded in con-
,„ the fire to the premises in which it originated, but
WaS not extinguished until the upper workshop and
"s valuable contents were destroyed. -The origin of the
misfortune is enveloped in obscurity, and unfortunately
'no sufferer was not insured.
,:4._, -A.. STEAMER RESCUED.—While a new and powerful
.eani-tug, belonging to the Shipowners' Towing Corn-
!jjllY, of London, was returning from a trial trip last
07 :it on the Clyde, about ten miles below Glasgow, she
bserved one of the large passage-boats (with about 400
People on board) take the ground, and heel over into
di_ ,P water, from a squall. On her making signals of
stress, the tug, which is named " Cock-o'-North" (a
e,,!:_)6.l?onien of the Dukes of Gordon) made for, and after
',,..;;.,',/ing a hawser made fast over her port bow, backed
yolt_ler.e with her immense power, and in less than 15
krlu_n, a_ placed the p;?..ssenerboat in safety, who ac
Nosh their deliverance by three cheers for so
Iszoiiellena an event in the trial trip of the Cock-o'- i