The Sun.
London, England, 1853-07-08 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were esti-
mated at 7,000 bales of which 1,500 were taken for
export. The sales include 5,000 American, 150 Per-
nam and Maranham at 6/d. to 71d., 100 Bahia at 6.1 d.,
1,000 Egyptian at 60. to 10d., 500 Surat at 31d. to
44.3., and 50 Sea Islands at is. 10d. to is. 11d. per lb.
The market closed firmly but with much on sale. Rail-
way Shares were inactive at lower prices.
In the Colonial Markets this week a moderate busi-
ness has been transacted, but the supply of most staples
being ample prices have been rather favourable to the
buyers. The reduced duty on foreign sugar has come
into operation. Coffee has gone off without spirit.
Tea has been firm and importers are disinclined to sell
except at high prices. Saltpetre has realised very full
rates. In cotton not much has been done. Rice, pri-
vately, has been dearer and in request. Tallow main-
tains the advance. The Indigo sales commence this day,
and rather over 13,000 chests are to be offered.
The amount of bills which the East India Company
drew upon its Eastern possessions during the fortnight
to last evening was, 720,333/. 14s. 4d., of which
628,630/. 13s. 2d. were on Bengal, and 1001. on Bombay.
The following remarks upon English mines are from
the circular of Messrs. J. S. Tripp and Co.:—
" The good dividend mines in Cornwall have been more
in request, though the recent fall in the prices of metal
has very much interfered with their profits. The West
Providence managers in their report just issued to the
shareholders state, `that in consequence of the fall in tin,
which amounts to 14/. per ton less than last quarter's ac-
count, on 62 tons amounting to 8681., they are prevented
from giving more than 2/. per share, but should our pros-
pects continue as at present, we have every reason to
believe, from the advanced price and improvement in the
western levels, they will resume their former dividends of
21. 10s. per share.' This is a fair illustration of the effect
the fall in the standard has had upon most dividend mines.
"English mines at first would be greatly depressed, but
as the demand for metal is generally very good, and as
foreign supplies would be checked, we believe a rise, rather
than a fall, would be the result, and that good English
mines will maintain their prices better than any other
public securities.
"Advices from Australia are unfavourable asregards the
Gold Companies. We have seen letters strongly urging
the immediate sale of shares in these nuclei takings, upon
the grounds that they are all spending money without any
prospect of doing good."
The English funds, which experienced a serious re-
vulsion yesterday afternoon, after the official hours of
business, Consols being forced down to 97g. upon
rumours of Lord Aberdeen's resignation, have recovered
this morning, and have varied from 97i to 98. The
present quotation is 97/ There are still strong hopes
of peace being maintained, and fresh negotiations are
stated to have been entered upon. The New Three-
and-a-Quarter per Cents. have been quoted 10in to
101, and the Three per Cents. 981 g. Bank Stock
has been dull at 2281 to 2291. South Sea Old Annui-
ties have been steady at 100 g. Exchequer Bills have
remained at is. to 45., and India Bonds at 255.
premium.
Foreign Securities have been rather buoyant. Por-
tuguese 4 per Cents. have been in request at 404 to 411.
There appear to be hopes that the Commissioner now
here will be enabled to offer some terms more satisfac-
tory to the creditors than those lately put forward, but
no reduction of capital can be submitted to. Spanish
Deferred Bonds have been heavy at 221, and the 3 per
Cents. at 46.
Railway Shares are all flatter than they were yester-
day morning, but have recovered from the nominal de-
pression of last evening when the funds declined. The
transactions have been very limited, and principally in
Caledonian, Lancashire and Yorkshire, York and
Berwick, and Eastern Counties. French Shares are
neglected.
The Gold Mine Shares have been very quiet, and are
depressed. In the Joint Stock Bank Shares there have
been but few bargains.
The Shares of the Land Companies are fluctuating,
and the unfavourable view taken in Sydney of the pro-
perty of the Australian Agricultural Company causes
them to rule heavy.

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

Business done.

Bank Stock ...... ............... ..... 2294 8i 91
3 per C 01.,. Reduced Annuities ....... 9Eq
3 per Cent.,Consols Annuities 97H 87i x d
New 34 per Cent. Annuities lOO4 1
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth Jan. , 1860 SR 9-16
India Bonds, £IOOO
Ditto, under £lOOO 25
South Sea Old Annuities
Consols for Accoint 97i 87f 8
India Stock for Account
Exchequer Bills, ld.
£lOOO
£5OO
Small

1 4 p
1 4 p
1 4 p
PRICE OF FOREIGN FUNDS THIS DAY.
Austrian Bonds, 5 per Cent. •••••••••••••••••• 971
Brazilian Bonds, 5 per Cent
Ditto Small
99981 d
Ditto New, 1852, 4i per Cent
Equador Bonds
Grenada Bonds, Deferred
Greek Bonds, Red
Mexican 3 per Cent.
Ditto for the Account 2g 7 6/

Peruvian Scrip lf -(1
Portuguese Bonds, 4 per Cent. ......
Russian Bonds, 5 per Cent. ..
Ditto for the Account
Sardinian Bonds, 5 per Cent 932
Spanish Bonds, 3 per Cent 46
Spanish New Deferred, 3 per Cent 221
Ditto Passive (Converted)
Spanish Committee Cert. of Coup. rot fun st
Swedish Loan ... . ....... . ... i
Venezuela Bonds, 31 per Cent.
Ditto Deferred, 1 per Cent l5
Dividends on the above payable in London.
Dutch Exchange, 2,i per Ce it.
Ditto 4 per Cent. Certificates. 962 6

x d
x d

pc
P

THREE O'CLOCK.
Consols for Opening 19th July 9B x d

UNIVERSITY INTELLIGENCE.

CAMBRIDGE, JULY 7.
M.A. COMMENCEMENT, 1853.

At a Congregation holden this day the following degrees
were conferred :
Doctors of Divinity.—John Wilson, Catherine Hall;
Henry Cole, Clare Hall.
Masters of Arts.—Frederick George Ledsam, Trinity
College ; David Craig, St. John's College ; G. Q. Head,
Corpus Christi College ; H. B. Scougall, Corpus Christi
College ; William Watson, Corpus Christi College ; Rich-
ard Morton, Catherine Hall.
_

At the same Congregation, the under-ment'oned gentle-
men wore admittd ad cundent :—Constantine Estlin
Pritchard, A.M., Balliol College, Oxon; Thos. Whitaker
Nowell, A.M., Brasenose College, Oxon.

At the same Congregation the following graces passed
he Senate :

1. Dr. Colenso, of St. John's College, being about to
proceed to Natal as bishop of that see, to return to him
the fees and cautions paid to the University chest on the
occasion of his taking the degree of Doctor in Divinity per
saltum.

2. To appoint Mr. Wolstenholulp, of Christ's College,
deputy proctor, in the absence of Mr. Clark.

LANCASTER RACES.

(THIS DAY.)

(BY ELECTRIO TELEGRAPH.)
ARRIVALS.

Vale of Lune Handicap—Sir Robert, Patience, Game-
hoy filly.
Revival Handicap—Lenywbeut, Black Doctor, Little
Davie, Remunerator, Allegro, Cleveland, Bold Davie,
Lough Bawn.