The Sun.
London, England, 1853-05-06 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIGENCE--(THIS DAY.)

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
1- estimated at 6,000 bales, of which 1,500 American
were taken for export and on speculation. The
market closed very firmly with prices of American
nearly id. per lb. above the rates of Friday last.
The sales comprised 5,000 American, 130 Per-
nam and Maranham at 61d. to 60., 300 Egyp-
tian at 6/d. to 71d., and 500 Surat at 31d. to
4d., per lb. Railway Shares were dull and prices
were a shade lower.
During the present week there has been some
dullness in the markets, owing to the determina-
tion to assist the passing of the budget. Sugars,
however, have been well supported. Coffee has
been very dull. Tea has an upward tendency.
Tallow has become depressed. Cotton is firmer.
There are no late colonial or foreign arrivals to-
day.
There is at length an entire removal of doubt, if
any were previously entertained, as to the inten-
tions of the Home Government with respect to the
new banks formed for the purpose of extending
monetary facilities to Australia. Efforts have been
made to induce the Colonial Secretary to give a
home charter limiting the liability, but these
have proved unsuccessful —an official reply
having been this day received, it is reported,
which extinguishes all hope. The sharehold-
ers now, we imagine, will have no course open
but to call upon their directors either to break up,
or give them the option of considering whether
they will wait a reply from the colonies. In our
own opinion the former would be the wiser course
for various reasons. Firstly, the expense incurred
up to the present time is but trifling ; secondly,
the colonists show great jealousy of new English
Banks, and would exact onerous terms before giv-
ing a charter, even if they consented so to do ;
thirdly, the mere attempt would involve a large
outlay for agents' salaries and legal assistance in
Australia ; and, fourthly, two new banks are al-
ready chartered, and the Oriental having sub-
scribed a capital to the amount of 100,0001.
to open a branch at Melbourne, there is ample
banking accommodation for the colonies, and no
room for new associations of the kind for several
years to come, for it must be borne in mind that
the local banks are increasing their capital.
At the Assam Company's meeting, just held, a
most favourable report has been presented to the
shareholders. The directors state :--
"You will not have failed to have noticed the large
increase which had been made in the area of our cultiva-
tion by the addition of 242 poorahs of land cleared and
formed into seedling gardens, all the land so cleared and
cultivated being extensions of our best and most pro-
mising plantations. This extension of our cultivation
we hope to be able to carry on year by year ; but the
extent to which we may be enabled to accomplish it will
depend on our success in meeting our great difficulty—
the paucity of labour. We are sensible that, as our
plantations and produce increase, this difficulty will be
more felt, and will require additional care. It is now
engaging the serious attention- •of the local board,
who, with a view to meet it, have lately appointed an
assistant, who has resided in, and is well acquainted
with, the district whence labourers may be obtained, to
be specially employed in this department of the service.
They had also sent Mr. Henry Moram to Assam, whose
former missions to the province had been of great ser-
vice, in order that, in conjunction with Mr. Williamson,
he might organise arrangements for obtaining a steady
supply of labour.
"In the meantime, we have great satisfaction in
reporting to you that our information of the state of
our plantations is most satisfactory, and that the
quality of our produce sustains the high character
which it has established in the trade. The crop of tea,
manufactured in the past season, amounted to 271,427
lbs., showing an increase of about 18,000 lbs. over that
of he previous year, and its sale has realised a
of Is.
totalBd
of 22,1521. sterling, showing an average price o
must be satisfactory in showing the progress of our under-
takingnngedt nett t
a;
iand
lobuer
considereddirectors are confident
interesting,
they the
following olwb
16,6281.; that of
7sincenettt h e y; e
latBhrsalotB4lo7fB.
.158T3418h. e; producela2n,
5d521. ;
that ot
that
oafitBl4oB7fsll7Ba4al9B-
-
8t
do
.s e years All t
the
is 6 2-16 d. ; and
iasl3elod-vi9e6,d5.t;at1e8d4,8,221,81.56111.3.16Tdh.e; nleBtsto,ave.rage price per
PlB° was,pr produce
elBo4f7t,
the
p.
a4sdt.
y; e
airB4wB,h
which
and a large quantity is
cltosmine ttoheharenadli,
slaetaidnns usnf ttohsexpereocpt enqfulalBlsy2s,atnifsfawchtoinrhy
now in warehouse about to be brought to
hareaspsuortion has already been sold,

"In our last report we expressed our hope, that,
allowing for extensive additions to our cultivation,
and for works necessary for the permanent security
of our establishments, the amount of dividend then
declared might be capable of gradual increase. We
have now the satisfaction of being able to declare a
dividend of three per cent, upon the] paid-up capital
out of • the profits of the past year, and we see no
reason why we should not repeat the expressions
contained in our last report, and state that we hope and
believe that the dividend will still be capable of gradual
increase, and we feel confident that you will consider on
this occasion a safe dividend, with every reason to ex-
pect its gradual increase year by year, more satisfactory
than a larger dividend now, with the risk of its diminu-
tion, or even without the probability of its increase
hereeter."

Public Securities have been rather heavy again,
money being still in demand. Bills are coming up
from. the country rather freely for discount. Con-
sols have been nog. to i for Transfer, and 100/ '-4-
for ALccount. Bank Stock is firm at 228, and India
' Stock at 262. Exchequer Bills are at par to 2s.
prem. South Sea Stock is at 1151.
The Foreign Securities have been without any
pa: cticular feature. Brazilian Old Bonds are at
10A to /. Mexican have been nominally at pre-
Vi. 0413 rates, but are, perhaps, rather weaker.
Spazuish Certificates are as low as 53. Dutch Two-
andl-a-lialf per Cents. have been rather largely
dear- t in at 65i to 66-1.
Rt bilway Shares have been rather weaker, say to
the e xtent of ito 2. French Shares are steady.
Tn .e Gold Mine Shares are drooping, and about
A- lo ; Ter.

Th e Metcalfe Mine Shares, upon bad news from
the ) ?embroko Mine, are down to 11 to 12 prem.
Sue River are 1 to 11 prem. Port Royal 11 to
2 pre; ca.

BRITISH FUNDS THIS DAY.
(From the Official List.)

Business done.
228
103 A 99,E
100 W
103 h
262 1
27 31
27 31
115 k
1008
100
100

Ban'ic ;Stock
3 pe r .Cen.t. Reduced Annuities
3 pat: Cent. Consols Annuities
New ;'34 per Cent. Annuities
India: Stock
, Bonds, £lOOO
Ditt(4 under £lOOO
Southi Sea Stock
South:, Sea Old Annuities
South Sea New Annuities
Con sol s for Account
I hequer Bills 14d. June. March.
£IOOQ par 2 p par 2p2 d 2 p
4500 2p 2p
Small 2p 2p
MICE OF FOREIGN FUNDS THIS DAY.

Bras 6 Tian Bonds, 5 per Cent.
D ii Ito New, 1852, 4i per Cent lOl 100 l
Di t to Newßands,llB29 & 39, 5 per Cent lO3
Buen.c 's Ayres Bonds, 6 per Cent 67
Grena, is Bonds, Demed
Mexi(s to 3 per Cent.
Penn. lan Bonds, 4i per Cent. BBi
Portua uese Bonds, 4 per Cent.
Russia o Bonds, 5 per Cent.
Did o .4, per Cent 104;
Dill o Small
Sardni Lan Bonds, 5 per Cent........
Span is h Bonds 3 per Cent 4Bi
Spania h 3 per Cent., New Deferred 24
Ditt ) Passive (Converted)
Swedisi 1 Loan ... I i 2 di
Venessu ela Bonds, 31_,; per Cent.
Dividends on the above payable in London.
Dutch ' Exchange, 2i per Cent. 12 Guil.
DIM ) 4 per Cent. Certificates..
THREE O'CLOCK.
100-1 i
100-1 i

Consols
:Ditto May Account

LLOYD'S SHIPPIAG-(TRIS DAY.)

LO NTDON, May 6.—Wind this day at Noon, N.E.; fresh
bree; 1, and dull cloudy weather.
F.. 1 MOUTH, May 6.—The Pelicanus, Odessa to Bridg-
wate r, on shore near the Lizard, fills with the tide ; crew
and ;pa ,rt of cargo saved. Off Port—Queen, Callao.
SLrli DERLAND, May 6. Wind, E.S.E. Sailed—Employ,
Quel c ; Brown, do.—The Star, bound to this port, has
receiNn xl some damage, having drove against the Necarope
Light Ship.
SITU :LDS.—Sailed—Thomas, Picton.
HIS L, May s.—Wind, E. Sailed—Royal Victoria, New
Orleaa s.
QUIT ENSTOWN, May s.—Sailed.—Brothers, St. John's,
N.B.
DU] ;LIN, May s.—The Moldavia, from Galatz, is
agroui al, and leaky.
ST. PETERSBURGH, April 28.—The ice on the river
began to break up this morning, and is now all in motion.
At Cr ,nstadt it is still very strong, although the weather
is hem .ming very warm ; it will probably be many days
before the navigation opens.
Chia ISTIANSAND, April 26.—The Juno, Newcastle to
Gothez (burg, has put into Egwog in a sinking state, having
struck on a sunken rock in a snow storm.

Elqi ORATION TO AUSTRALIA.—The greatest activity
still pi .evails in the St. Katherine's, London, West and
East L Idia Docks, in getting ready the various vessels,
that ari 3 appointed to sail during the current month for
Port P 1 tilip, Melbourne, Geelong, Adelaide, &c., Sydney,
and V; to Diemen's Land, there being upwards of 50
ships e ntered for the above colonies, not only for the
convey
ante of emigrants to the "golden regions," but
the gr e ater portion of them have already been freighted
by me x chants in the City for manufactured goods and
stores of every ;loperipi ion the most sal,shl in those
coloni es. Yesterday her Majesty's Colonial _Land and
Emigi ttion Commissioners concluded a contract for two
ships i carry out emigrants to Victoria and New South