The Sun.
London, England, 1854-10-19 00:00:00

AIONEY 2.41 Alt K E

AND
CO Al A I .1.c7E.0 Al. IN TELL IGENCE,

CITY, TNS 0 O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, including 1,500 American
taken for export and on speculation. The market
Was rather heavy, without change in prices. The
sales comprised 6,000 American, 240 Pernam and
Maranham at 60. to 71d., 300 Egyptian at sid.
to Bd., 500 Surat at 21d. to 41-d., and 40 Sea
Island at 11d. to Is. 7d. per lb. Railway Shares
were dull at lower prices.
The sales of wheat in the towns which govern
the official return, were last week 151,870 qrs., and
the six weeks' average price is 555. Bd. per quarter.
Thero arrived yesterday in the Thames from
abroad 59 ships, besides 4 from Ireland, and 17

colliers.
The stoppages at Liverpool are still the subjec
of much conversation here, and we regret, to say,
although circumstances certainly would warrant it,
that there is very little sympathy expressed among
more cautious mercantile men. They deprecate
the recklessness of those parties who bring 'into
disrepute the commercial standing of Liverpool, and
stamp it with too much of the former Yankee go-
a-head principle, which is becoming unpopular even
in America. Indeed if we look to the wholesome
warnings of the New York press, we shall find
that it neglects no opportunity to inculcate caution
and expose over-trading. We would affect no sem-
blance of commercial puritanism, nor argue for a
moment that speculation must not, to a certain
extent, enter into all mercantile dealings. The
advantage of consumers is concerned in energy and
in a fair risk of capital, and we should never desire
that undue restraint should be imposed ; but we
do think, in the interest of those who are trading
fairly upon their own means with such moderate
amount of Bark assistance as is requisite, that
every mere adventurer, as well as every party who,
with moderate resources, aims e t establishing an
enormous business in an incredibly short space of
time, there should be more frequently a check im-
posed upon such practices. The drawing and re-
drawing of bills without any security offered, in fact
is
mere accommodation paper, ought to excite the sus- SI.
picions of the local banks, especially where it is so 41y
easy to trace the origin of the persons concerned in its 25
manufacture. Even if the firm has been long and r
honourably known, and has earned a character by 3/
former consistent trading to its full share of sup- s
port and accommodation, suspicious must arise 5,
when its bills multiply, and it departs from its 2
usual method of doing business, by giving '0
and taking longer credits than usual. 2
What is publicly stated now with regard f,
to the system of buying and selling ships at 2
Liverpool is enough to account for any such casu-
alties as those which have lately occurred ;
but we feel a special satisfaction in believing, from j
the opinions we have heard expressed by Liverpool 1
men themselves, that such speculative transactions
do not find countenance except in a few quarters
there, and that, on the contrary, a jealousy has
existed upon seeing parties of inadequate means
outstripping the sound trader, and apparently
making a rapid fortune under the unfair competi-
tion which his facilities enable him to originate.
Money continues in fair request, but is expected
to become. easier shortly. No important change
occurred in the quotations for bills of exchange
upon the principal cities of the Continent on Tues-
day. Paper at ffo days was quoted 25 35 to 37i on
Paris, 11 18 to 184 on Amsterdam, 13 6f to 7 on
ilamburgh, 11 4S to 54 on Trieste, and 118 a to
1181 on Frankfort.
For Mexican dollars, which are flat, no price is
quoted, and the gold per Queen of the South has
been sent into the Bank of England as the only de-
mand is for that containing over 20 dwts. of silver
per lb.
According to the returns given in the Banker's
Circular, the aggregate average circulation of the
Joint-Stock Banks of England and Wales, during
the week to the 30th ult., was 3,077,3761., being a
slight increase over the previous week. Of the
private banks, during the same period, the total
issues were 3,737,6971., which is a decrease of
about 40,0001. compared with the previous week.
The English Stock Market has been without any
improvement, and the business doing is principally
for immediate transfer, the supply of stock being
so far equal to the demand as to prevent any rally.
There are many opportunities just nose of tempo-
rarily investing money which seem to offer more
inducement, and even the loaning of capital at
short dates involves less risk of fluctuation and
loss. The advance in the corn market gives a
handle likewise to those who feel disposed to
operate for lower currencies ; for although the en-
hanced price of wheat at present chiefly benefits
the farmers, not having occasioned large exports 1-Z
of bullion, it may promote purchases of foreign ‘g,
grain. Consols have been 94R f, and since 94-i. -R. 20
The account prices have been 94R f . The New 31 20
per Cents. have realised 92i '2, and the Three per
Cents 931 to Bank Stock has been at 2083/4 to I,g
210. Exchequer Bonds are 99f lc.
In the foreign market, the dealings have been at 100
prices slightly in favour of buyers. Mexican Bonds
220
have been quoted, however, at 23l 3/4, ex dividend,
5
which is some improvement. Spanish 3 per cents. 205,
have been 37 f. The Turkish scrip has been flat
at 2i to 2i premium. A bargain is noted in Rus- 101
sian 41- per cents. at 85.
The following are the nominal prices of foreign 1201.
stocks :=Grenada Deferred Bonds, 5/ to 6/ ; Mexi- 0
can, 231 to 231 ; Peruvian, 71 to 73 ; ditto,
3 per Cents., 51 to 53 ; Portuguese 4 per Cents., 204,
40 to 42 ; Russian 5 per Cents., 96 to 98 ; ditto,
43/4 per Cents., 84 to 86 ; Spanish New Deferred, 100.
188 to 18'g ; ditto, 3 per Cents., 37i to 38 ; ditto, 100
Certificates, 5 to 54 ; ditto, Passive, 4i to 41. 101
The eighth issue of Mr. Mihill Slaughter's Rail- 100
Way Intelligence, for the year ending the 30th Sep-
0.
tember, 1854, fully maintains the compiler's repo- 120
tation for both industry and accuracy. There is
2
scarcely anything in the matter of railway statistics hg
*which the work does not contain, and the peculiar
facilities possessed by Mr. Slaughter in his official 20
connection with the Stock Exchange have been
made available to the utmost. 4
The September returns of the traffic up on the t
eleven great central railroads of France give a total
20
receipt of 17,199,883 francs, or nearly 2,000,000 20
francs more than in the corresponding month of
133
1853.
The returns of the English lines for the week, as 10
?
20
below given, contrast favourably with the like date
of 1853. The London and North Western shows 20
an increase of about 3,0001., the Brighton of 11;
2,000/., the Midland of 1,7001., the South Eastern
20
of 1,0001., the Caledonian of 1,2001., the rat
f 3,0001., and the North Eastern of
Northern o
3,5001.
The last week's railway receipts ascertained up 20
to this day are in round figures as under 10
1854. 1853. 20
North-Western £56,597 £53,243 49
eatern
SoughtWighon 15,414 13,623 20
Midland 27,454 25,711 20
South-Eastern
Caledonian
Great Northern 22,113 19,012 20
North-Eastern
The Railway Share Market has been heavy,
without any general change in values. Caledonian 20
have been depressed a little, and Lancashire and
Yorkshire and Midland have drooped. The foreign
18
lines have been mostly nominal. Great Western :,(j
of Canada are firm. 2J
The Santiago de Cuba Mine shares are rather
worse, the Joint-Stock Banks are dull, the Crystal 2(
Palace is without alteration, and Scottish Austra-
ham Investment are scarcely supported.

25
St.
20
St.

20
20
10
10

St.
10
St.

20
20
50
20

BRITISH FUNDS TEE'S DAY AT ONE O'CLOCK.
( Front the °filial List.)
itu
iness done.
Bank. Stock ....... .............................. F:,28,,i 10
3 per Cent. Reduced Annuities.... .......... • .2,;?,
3 per Cent. Consols Annuities ................ :It . .
..
New 3 per Cent. Annuities ................ . 71.164a6
Long Annuities, Expire sth Jan., 18D
1860.9
Ditto 30 Years, Expire 10th Oct., . 4 3-16 1-16
Ditto 30 Years, Expire sth Jan., M.
0..
7 10
India Bonds, 1:1000 ...............•• 4 9-16
Ditto, under £lOOO .......................... :::"
.. 94.1 . 7 10
5
Consol.s for Account 14th Nor. .. •••• ••"
Exchequer hills, 2.4d-
-7 P
Small ....................................... • 4 P 3
Exchegner Bonds 1858, 321 per Cent....... 994 4
Ditto 1859, ...... 99i i
~
PRICE or FOREIGN FUNDS AT ONE O'CLOCIc...
x a
Ilexican 3 per Cent. .......................... . 23i i
Russian Bonds, 1822, 5 per Cent. Z St .....
Ditto 4a per Cent. .............. . ........ .... 85
Spanish Boßds, 3 per Cent ..................... 37i
Turkish Scrip 6 per cent ............ ............ 2 i P
L.,--t.,l,is on the hoe papl,l in 7 in,',,T'•
lid LP•PA SW T TO.
Consols
Ditto NoTembn A.oount ... i ... i, , tii
.. . ..

100 A.berdeen - ......
Nottng Bost.
and Eastu. Juuet ..•
all Belfast &
all l'Arminp.;. Wolverh. &
Stour Valley ......
Eirkenhcl. Lanesh.
Cheshire Juliet......
all 1)o. Cheap. & Birk.,
£5O wed £25 Cons.
19 Do., .....
30 Myth &,Tyne origina
.425 (issd. at -£4s'
100 Bristol and Exeter...
iOO .............
21s. Calmarthen mid Car

digan
all Chester & Holyhead,
all Cork and Bandon
all Cork, Black, & Pass
14 Cornwall
1 Crieff Junction
45 Dublin &IllelfastJunc
all Dundee POrth&Abor,
deep, Junction
all Do. New. ......
100 East Anglian
All &astern Counties.....
00 I'lastern Union,
Stock
10( Ds., B. Stoc',
8. Do., New ......
.00 East Lancashire •
.00 Edinburgh & Glasgomi
Ediub. and Peebles ...'
.00 Edin. Pr I & Dundee
1 Forth & Clyde June.
1.00 Glasgow &, S. Western
100 Great Northern
100 Do., A. Stock
100 Do., B. Stock
100 Gt. Stli. &West.(lre.)
100 Great We,steru
100 1)0, Stour Val. Rail
Gua. Stk
all Irish South-Eastern
all Lancaster & Carlisle
14€ Do., Thirds
4 Do. New Thirds
100 Lancash. andYorksl
194 Do., Fifths
114 Wst. Riding ULI
all Liv.Crsby.&Soutlipt
all London & 131ackwal
100 Loud. Bright &S. Cat,
100 Lond. and N. Westn,
12 Do. Fifths
1 Do.lo/.5h.,111&8...(
2.1 Do. Eighths
100 London audS. Westu
42 Do., £5O
34 Do., £4O •
all Lucndrry& Coleraine
all Lndndrry. & Ennislt.
LOO Aanch.Slief.& Linein
Alan. Sz, Liu. Un
100 bdidland
100 )o. Pirmn g. &Derby
all Aidlcl. G. West. (Irv.)
22 Do. Half Shares
ill Newcastle &
5 wmkt.Bury Exton.
19 Nwpt.Aberg. & Hrfd
8 Newry & Enniskillen
all Newry Warrenpoint
and Rostrevor
.(12,0 Norfolk
Northn.Counties Un.
,00 North British
all) North Devon, No. 1.
all Do., No. 2 ............ :
all Do., A Deferred
all Do., § B Guaranteed
I( K.) N. Eastern—Berwick
20 Do. do. Extension
13 Do.do. G.N.E. Purch.
all . Do. Leeds
100 Do. York
all North Loudon
8? Do. New £lO
N.&S.Wstria.,Hamp•
stead, and City Jo.,
17? North Staffordshire ,
all North Western
all N. &S. Westrn. June
1 Nuneaton, Hinckley
and Leicester
.00 Oxford, Worcester, &
Wolverhampton
4 Portsmouth
00 ;cottisk Central
ScottisliMidland
all ilirewsby. & Herefd
all -Shropshire Union
Do, A, B, C,&
paid up at per eau • ,
rll iouth Devitt
00 ;oath Eastern
all south Wales
.5 Yrksli. & Riv. Dur

5 Do
8 itaincs, Wok &Wol:
all tockton & Davila
16 itoekton &
[0,:! ftfl. Vale
9 .)o. £lO shares
wo Do. Pref., No. 1
21 filames Haven Doei
and Railway
all Vale of Neath
all Waterfd. & Kilken
all Waterford&Limeriel.
18 West Cornwall
3 Nest End of London
and Crystal Palace
all West London
Wimbledn &Croydor,