The Sun.
London, England, 1854-09-14 00:00:00

THE SUN, LONDON, THURSDAY EVENING, SEPTEMBER 14, 1854.

7,1 It K 141 'T

AND

COMMERCIAL INTELLIGENCE'.

CITY, TWO o'CLOCK. ems'
The sales of cotton at Liverpool yesterday
were estimated at 8,000 bales, including 1,500 St
American taken for export and on speculation. 12,
The sales comprised 6,500 American, 600 Egyp. 50
tian at sid. to Bid., and 800 Surat at 3d. to 4id. 13
per lb. Railway shares were very firm at an ad- 31
vance of to 1 per cent.
The state of trade is satisfactory in the produce 27.
markets, but the purchases are almost entirely for 22
consumption. 25

Mr. Edward Chaloner, the timber broker, st.
writing on the Liverpool wood trade, states : st.
"In July month the harvest was uncertain, the Bank 10
rate of loanable capital was 5A per cent. ; Canadian fir
timber was 2s per foot. Since that month we have been 50
blessed with a harvest now generally cut and secured, 20
which for quantity, quality, and weight, has had no 20
pa-allel in the present century, causing the Bank to re- 10
duce her interest rate, already, to 5 per cent. ; and it is 50
confidently expected it will be further reduced to 4 per 25
cent. before the end of this month, and yet Canadian fir
timber can only be quoted at is 6d per foot. Although 25
the stocks are not heavy, and the second or fall voyage St.
will not be generally made this year by the shipping em- 20
ployed in th North American timber trade ; hence the "
four causes which have always been considered as pre- St.
monitory to an advance in prices, namely, cheap corn, an 25
easing money market, low stocks, and small supplies ex- St.
petted, now.operate upon this market." St.
There are several arrivals from Australia this
morning, and although not bringing later dates, •10
they have a large amount, of bullion, say, 360,0001., riitt
on board. The Nile, from Sydney, brings 17,391 St.
ounces, the Washington Irving, also from Sydney, St.
13,734 ounces, the Briseis, from Melbourne, 43,612 t.
ounces, and 10,0001., and the Nelson, from Mel- St.
bourne, 14,234 ounces. These vessels do not in
12
any instance bring later advices, but they supply 50
some intermediate dates with a few details of in 161
-
16+
terest. The following account is given of the st:
future prospects of Ballarat, Victoria : 19
14
" When we consider what Ballarat is now, and what 20
position in the list of important places she may hereafter 114
occupy, the mind loses itself in the contemplation of the St:
extent of her resources and capabilities. St.
" Ballarat, unlike the other mining districts of Aus- 20
tralia, cannot be worked out in a few years or months 10
and left by the legitimate miner, for the • downy fossi- 12
kers' to turn over and over again the rich soil at present St.
refuse, but in which many a shining nugget lies hid. 50
The claims at Ballarat cannot be worked by one or two 40
men, and perhaps finished in a day ; other tools than a N
pick and shovel are requisite to commence a real Bal- St.
larat claim, and no sickly or weakly miner can under- &2,
take to sink a shaft of from a hundred to a hundred St.
and sixty feet deep, with occasionally sixty or seventy St.
feet of it to be sunk working up to the middle in water, 50
with the additional inconvenience of foul air to boot ; 25
and no man or party of men will have the temerity to 100
commence sinking a shaft without at least a hundred 6i
pounds in hand to defray the cost of food, clothing, and Fr•-or'
mining implements, for some two or three months, with 20
the risk of the same claim turning out a " slicer."
"Of course fortunes, and immense ones, have been St.
made by men who have put forth the least exertion, and 50
who have been possessed of the minimum amount of in- St.
telligence ; but, as a. general thsng, none but strong, 16
persevering, practical miners, can expect to be success- 16
8

ful here.
" And of such men is the majority of the Ballarat
miners composed—men who see plainly that no other
district in Australia presents so many opportunities of
realising a competence in so short a time, and offers
such inducements to settle down 'as the delightful
country of and around Ballarat. Already we see de-
cided indications on the ,part of miners, storekeepers,
and professional gentlemen to locate permanently here,
and are sending for their wives and families to join
them in this their future home.
"The township is advancing with rapid and at the
same time well-directed strides, and even now pre-
sents a regular appearance. The carpenter's hammer,
the bricklayer's trowel, the smith's ringing anvil, and the
crack of the drayman's whip, are heard from early morn
to far advanced night, and stores, offices, private dwell-
ing houses, neat Elizabethan cottages, are springing up
with a Californian rapidity, but of more durable con-
struction.
" Land in the township has been sold at the rate of
above 3,0001. per acre, and cannot be obtained in some
localities for double that sum. The site is admirably
well selected, being on a raised kind of plateau, with
a never-failing supply of good water from a rivulet or
creek, which meanders along the skirts of the township,
and is fed by the finest lake imaginable— seemingly irf-
tended by nature as a reservoir from which a large and
populous town is to be supplied with the greatest ne-
cessity, water.
" The country around is well wooded, and is able to
supply both timber and firewood for the factory, the ,
railway train, and the domestic hearth, without being
for years at all perceptibly diminished. From the ele-
vated position of the township, the work and expense of
drainage will be reduced to a mere trifle. Add to all
these natural advantages the fine roads now in construc-
tion, I.
a railway from Geelong, the principal port and 2
future capital of Western Victoria, a line for telegra
phic communication soon to be established from the.
20
metropolis to Ballarat and the Bendigo. Add to this the 10
pushing, persevering, go-a-head character of the popula-
tion, the enterprise visible everywhere ; and we have
more than twice the number of places of amusement
and recreation than are to be found in Geelong, and 10
all more extensively patronised. Theatres, Olympic 5
circus, ball rooms, concert rooms, American bowling 20
saloons, and lecture rooms, all supported by talent and 20
ability of the first order ; so much so, that a trip to
town to enjoy holiday recreation is no longer felt ;in ...
fact, the scales will soon be turned, and the good, quiet,
20
steady folks of Geelong will have to coma to Ballarat
to enjoy their holidays. 20
" But, says the distant reader, surprised, what is there 20
to maintain such a state of things ? We will tell him. 20
20
There are hundreds of square miles known to contain 20
gold, in and around Ballarat, that have not yet been
aandyea century,r wtohciloemteh,eagnrde'agtodoedpwthagoefsthtoe 10200
1®
touched, and which will, no doubt, furnish nuggets in
galore,the
fos
sfiocrk
eyrefaorrs
sinking will render it impossible that the ground can be 25
worked in the present age. 25
" Very numerous other reasons combine to indicate 25
that Ballarat has a splendid and glorious future before
it, and that it is destined to be one of the most im-
portant cities in Australia."
Tho half-yearly general court of proprietors of 20
the Bank of England was held this day, J. G.
Hubbard, Esq., the governor, in the chair, who 20i,
said ho bad to inform the court that the net profits
100
of the half-year were 625,3261. 6s. id., making the
amount of rest on the 31st of August, 3,654,9121. 100
Bs. Id. After the dividend now proposed of 41
10
per cent. for the half-year free of income tax, the I
rest would be 3,000,0271. Bs. ld. The dividend 12000 i
was agreed to unanimously. 20
The Consol market was tolerably firm at the 5
commencement of business, but there has since 20
been a delivery of stock, and' a reaction has in
consequence taken place from 95i to 951 Time 4
20
bargains have been entered into at 95g t, and since 2(
at 951 There is, however, scarcely any specu-
-21
lation on foot, and we shall probably have a very 3
dull account until the October settlement takes I
place, so many persons being now out of town.
Exchequer Bills have been Gs. to 9s. and East
India Bonds 9s. premium. Exchequer Bonds,
both of 1858 and 1859 have been done at par.
Bank Stock for account is steady at 213.
In the foreign market there is a heavy tone.
The Turkish Scrip has been flat at 51 to 51 pre-
mium. Russian 41 per Cents. have been 88i.
Brazilian Old Stock is quoted 101/ and Buenos
Ayres 56. The Swedish 4 per Cents. have been
done at 871. Spanish and Mexican Stocks have
been merely nominal.
In the Railway Share Market, the settlement of
the account has been in progress, and has led to
an advance in the prices of the chief lines. The
transactions, however, are almost exclusively con-
nected with the account, and have been mostly in
the Great Western, Berwick, North Western, and
Midland. The Foreign Shares are merely nominal.
The Gold Mines are dull, and the Joint Stock
Banks in fair request. Crystal Palace shares have
-- been lower.
'OO

25
50
St.
50

20
20
10
10

St.
10
St.
25

BRITISH FUNDS THIS DAY.-CLOSING PRICES

(Prom the OP,:ial List.)

quess done.
3 per Cent. Consols Annuities 95 i d
India Bonds, £lOOO . ...... ~... .........
Ditto, under £lOOO 6 p
Bank Stock
Ditto for the Account 213
Consols for Account 17th Oct. ~
Exchequer Bills, 20. 95i
£lOOO
Exchequer Bonds 1858, 3i per Cent. lOO
Ditto 1859, „
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent lOl
Buenos Ayres Bonds, 6 per Cent —
Ditto for the Account 5B
Grenada Bonds, Deferred
Peruvian Bonds, 4 per Cent. 72 x d
Portuguese Bonds, 4 per Cent 4O
Russian Bonds, 1822, 5 per Cent. £St —
Ditto .1 per Cent sBl
Spanish Bonds, 3 per Cent 37
Spanish New Deferred, p per Cent. lBa
Ditto Passive (Converted)
Swedish 4 per Cent..•••••• ......... ..
Turkish Scrip
Dividends; on the above payable in London.
THREE O'CLOCK.
Consols
Ditto October Account

SB.ARE MARKETS.

(THIS DAY.)

BRITISH RAILWAYS.

RLILWAU.

100 Aberdeen
Ambg. Nottng Bost.
and Eastn. Junct...
all Belfast & Ballymena.
all Birming. Wolverh. &
Stour Va11ey.........
29i Birkenhd. Lancsh. &
Cheshire Janet
all Do. Chesh. & Birk.,
£5O and £25 Cons.
19 Do., £20...
30 Blyth &Tyne original
£25 (isad. at £45)
100 Bristol and Exeter
100 Caledonian.
21s. Caimarthen and Car-
digan
all Chester & Holyhead
all Cork and Bandon
all Cork, Black, & Pass
14 Cornwall
1 j Crieff Junction
45 Dublin&BelfastJunc
all Dundee Perth&Aber-
deen Junction
all Do. New ... ....
100 East Anglian
all Eastern Counties
100 Eastern Union, AI

Stock
100 Do., B. Stock
8i Do., New A
100 East Lancashire
100 Edinburgh& Glasgow
9i Edinb. and Peebles
100 Edin.Prth &Dundee
1 Forth & Clyde June.
100 Glasgow &S. Western
100 Great Northern
100 Do., A. Stock
100 Do., B. Stock
100 Gt. Sth. &,Wost.(lre )
100 Great Western
100 Do. Stour Val. Rail
Gua. Stk
all Irish South-Eastern
all Lancaster & Carlisle
1 14i Do., Thirds
4 Do. New Thirds
100 Lancash.andliorksh
18 Do., Fifths
11i Do., Wst. Riding Un
all Liv.Crsby.&Soutlipt
all London & Blackwal
100 Lond. Bright & S.Cst.
100 Loud, and N. Westn.
12 Do. Fifths
1 Do.lo/. Sh., M&8...(
2i Do. Eighths
000 London andS. Westn.
42 Do., £5O
34. D• 0., £4O
all Lndudrry& Coleraine
all Lndndrry. & Ennisk.
100 Sfanch.Shef.& Lineln
41 Do., Ilan. & Lin. lJn
100 Midland
100 Do. Birmng. &Derby
all Niidld. G. West.(lre.)
22?, Do. Half Shares
311- N• ewcastle & Carlisle
54 Newmkt.BuryExten
19! Nwpt.Aberg. &Hrfd
8, Newry & Enniskillen
all Newry Warrenpoini
and. Rostrovor
100 Norfolk
3 j Northn.Conntios Un
100 North British
all North Devon, No. 1.
all. D• 0., No. 2
_ _

all Do., 1 A Deferred
all Do., B Guaranteed
100 N. Eastern—Berwick
20 Do. do. Extension
13 Do.do. G.N.E. Porch.
all Do. Leeds
100 Do. York
all North London
86 Do. New £lO
11 1s N.,B,;S.Wstrn.,Hamp-
stead, and City Jn
17i North Staffordshire
all North Western
all N. &S. Westrn, June,
1 Nuneaton, Hinckley.
and Leicester
100 Oxford, Worcester, &
Wolverhampton
4 Portsmouth
100 Scottish Central
100 Scottish Midland
all Shrewsby. & lierefd
all Shropshire Union
„ Do. A, B, C,& D Jun:

Closing Prices
this day.

22 --: 22i
4i bit

9 9i
11 —lO d

17 18
7 6d

••• -
96 - gi
67 -67 i

15i - 164
10 - 12

2 I'a

7 - 74

••• - ...
17 - 18
12 - i2i

70 - 72
63 - 65

21 _I 25

P

89
71
124
93i
74t

- •u
- 73
- 127
-94 i
741

75 - 78

86 - 83
10 - 12 u
10 - 12 ,
751 -75 i
5 - 4t

8i
105
1041
1 p
0
85 86
9 8d
8 7d

8
104
104 •

25 - 26

72 -72 i
42 - 44

i d par
8 6a
21 2i

5i - 6i
48 - 50

paid up at per cent
all South Devon
100 South Eastern
all south Wales
15 i.Yrksh. & Riv. Dtu,
5 Do
8 -Staines, Wok. &Wol.
all Stockton & Darling.
W Stockton & Hartlepl.
1.00 Taff Vale .
9 Do. £lO shares
100 Do. Pref., No. 1
21 Thames Haven Dock
and Railway
all Vale of Neath
all Waterfd. & Kilkenny
all Waterford&Limerick
16 West Cornwall.
3 West End of London
and Crystal Palace
all West London
81s. Wimbledn & Croydon

BODINE done
We day. L.

34 ... 35
8 10

•••
§A
V 8
5 oa
at 3.0
154
O 4
1 p
id k P
6 4

34 - 36

97 -- 99
63 -- 65
74 -- 8
34 -- 3id

13i 1461
67 671
3461
2i
1 par

ii = i..

3/ -2/
18 19
41- 4
24 - 26
4 - 5

G :- FA

751 41

76 si i

1041 1 5 41

72t 3 24

3.3 i i i

79 8
14i
9i 8
15k.
06i

i 14
3i 3 d

d-ip

ii --
21)(11
32i -32 i

2i 3p
id - par

6 - 5
7 - 6

8 6d
S 6d
4 ip
A 4P

171 -- 18;

2.1 par
1d 1p
2 4

1(1 .- par
Icl par,
2 4

3 - 3i
11 - lip

••.. ...
par -.--ip

• • • .--• . ,

• •. ••••• .

so. •••••• ~

7 -

- 34;

121 -- 12;

8 I
Q
Ag isip
38 -- 40
21 23
Par 7 1 p.

- 11
.8
- Si

'" - Put

3/ - .4

- 7-p

16 -- ii.

per cent,

50
25
12
12i,
20

1 1 all
1 all
Os. all

1 all
1 all
1 all
1 all
i 0 all

13.5'

i I
1 I g

A all
5 1
A. all
'.5 all

21 i

K) all
1 all
3i all
1 all
3 all
1 all
LO 9
1 all
1 all

1 all
10 all

$I 1
1 all

i)1 all
.$ all

1 all-
n
:8i all
1 all
1 all
1 12s.

1I all

25
20
10
10

a BANKS.

84 --

32
1.00

I I" id

ii = ii

21 2i d
21i 22

•• • -- •..
38 -40

43 - 45

••• ...
43 45
67i Mai
Ti ili
•. • .. . -_-_ ~,,

all
all
6
20

21j i

all
12i
all
all
40

60
all
all
all
all
2'ii

Leasing
Compans.

London &
N. West.
L.&N.W.
Ogedon...

Gt.Nrthn.
Caldonian.

Po ~

Gt. Westn
Yk. Now.
& Berw.
V. &Mid
Do

1.--ilosttui Prices
this day.

D 0..,

'3. Eastern
Do

Peto & Co.

orfollt...

L.& N. W.
& Midld.
Stckton &
Darlingt.
Kidland..

E. Count
Do
Do
L. &N.W
&Ln&Yk
Do
GtNorthn
Lancash&
Yorksh.
til.MClean
Stoat. &
, Darlingt
GtWestn.

Agna Fria
Anglo Austrin. Gold
Anglo Californian „
Australian
Australian Cordillera
Australian Freehold
Ave Maria
Baden (Gd.D achof)
BlEenarvon Iron and
Coal
British Iron
Brazilianlmp. (issued
at £5 pm
Do. Cocaes & Cuimis
Do. St. John Del Rey,
Carsons's Creek
Clarendon Cons. Min ;
Co. of Jamaica

Basinass
th day.

93 - 100
98 - 100

137 - 140

ii 1- iO

Gamekeeper
Boer

100 -- 102
50 -- 51
25 -25 i
12i -13 t
23 -- 24
11; -11 i

Hospodar
Eva

Seducer .....

Orinoco

Guico war. ...

2i - 2i

iii 7- k

58 - 60

135 := 137

2} : i s

30 - 31
93 - 95

2 - 1

1.

i' --- 1.

... ..
i ' i

-
31 - 3i
lt - 2
26 - 28

Cobre Copper
Colonial Gold

Copper Min. of Eng.l
Do. Prof. 7i p. cent
Copiapo
English and Austin
Copper Smeltg. Co
Fortuna
General

Gt.NuggetVeinßeg.
Great Polgooth
Liberty

42 - 44
52i - 5/
1 - 3p
11 - 12
li - 2
I - iP

4 -
8 ...
6 E. 6

Linares.
Niariquita ........
Wexican&S.Amerien
New Granada
New Linares Mining
and Smelting Co
Nouveau Monde
Pontgiband Silver
Lead Min. & Smelt
Port Philip
Quartz Rock
Rhymney Iron
Do. New

15i = -16 i
i
13_ 28

Santiago de Cuba
South Australian
Tin Croft
United Mexican
Waller -
West Mariposa
Worthing Mining of
Australia
Yuba

8 - 9
4i - 5
1 -
3} - 31

3 2i

~., , 1 1 4
A
' I*
J rtr bttio n.

SUII OFFICE, Six o'Clock.

DONCASTER RACES.

(THIS DAY.)

(BY ELECTRIC TELEGRAPH.)

FOAL STAKES.

SCARBORGIIGH STAKES.

CLEVELAND HANDICAP.

Eight ran.

LATEST BETTING.
CESAREWITCH.
14 to 1 agst Calamus (taken).
15 to 1 agst Balrownie (taken).
16 to 1 agst D. 0. (taken).
25 to 1 agst Poodle (taken.)
25 to 1 agst Burlington (taken.

STATE OF TRADE.

.•••• 1

( Front the Manchester Guardian of yesterday.)
MANCHESTER, Sept. 12.—We continue to receive
American advices in the highest degree favourable to
an abundant supply of cotton. Although these accounts
hold out the promise of a wider margin than has existed
for some time between the price of the raw material
and that of the finished article, whether yarn or cloth,
they certainly contribute to keep up a feeling of cau-
tiousness in purchasing our productions, because of an
anticipated cheapening of their cost. Though cotton
of good usable staple does not yield in price at Liver-
pool, there is an impression that, in some degree, it
must ere long do so. In yarns, we may instance the
Germans and the home manufacturers. But there is ano-
ther cause of sluggishness, and that is the general absence
of buyers connected with some most important foreign
markets. The depression in India goods is ruinous.
There is a pretty steady demand for many kinds of
yarns, and for printers, T cloths, long cloths, and do-
mestics ; we learn, too, from some sellers, that there is
some buying of India fabrics on rather better terms
than the lowest which were lately submitted to.
HALIFAX, Sept. 9.—There were more persons in our
Piece Hall to-day than for some time past, and the gene-
ral tone was more cheerful. The yarn trade is tolerably
steady. The spinners are moderately employed ; but
the prices are not proportionate to the cost of the raw
material. Wool continues firm, but there is not much
doing, as the spinners are generally well supplied.
ROCHDALE, Sept. 11.—We have had a brisk demand
for goods at the previous week's prices, and a consider-
able amount of business has been transacted. The wool
market continues steady, and prices firm.

IaIIDDEREMIRLD, Sept. 12.—There has been very little
doing in the cloth market again to-day, especially in
goods of low quality, which until lately have been
chiefly looked atter. A few light sales have been effected
in fancy trouserings of good quality and in broad cloths
of superior make. In fancy vestings there is very little
doing. The wool merchants aro doing very little, al-
though they are inclined to do business on terms slightly
in favour of the manufacturer.

MARKET NEWS-(THIS DAY.)

MEAT MARKETS.

NEWGATE AND LEADENHALL.—The general demand
was very inactive to-day, at the following quotations :-
-Beef, from 3s 2d to 4s 6d ' • Mutton, 3s 6d to 4s 8d
Lamb, Os Od to Os Od ; Veal, 3s Od to 43 2d ; Pork, 3s 4d
to 4s 8d per Blbs, by the carcase.
SOUTHALL, Sept. 13.—The supplies of each kind of stock
were large, but in very middling condition. The general
demand ruled heavy, and prices were barely support-
ed : Beef, from 3s 4d to 4s 10d ; Mutton, 3s 6d to
5s 01; Lamb, Os Od to Os Od ; Veal, 3s 2d to 4s Od ;
Pork, 3s fid to 4s Sd per Sibs, to sink the offals.
ROMFORD, Sept. 13.—Prime beasts and sheep were in
fair request, at full prices ; otherwise, the trade ruled dull.
Beef, from 3s 4d to Ss Od ; Mutton, 3s 6d to bs Od ; Veal,
3s 4d to 4s 4d ; Pork, 3s 4d to 4s Sd per 81bs. Quarter
old Store Pigs, 22s to 27s each.
-