The Sun.
London, England, 1853-08-15 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool on Saturday
were estimated at 8,000 bales, of which 2,000 Ame-
rican were taken for export. The market was tame

at previous rates. The sales comprised 6,000 Ame-
rican, 600 Pernam and Maranham chiefly at 711,
100 Bahia at 6d.., 500 Egyptian at eid to 9d., and
500 Surat at 30. to sd. per lb. Railway shares
were flat.

The Corn market has been very dull, and prices
generally have been is. to 2s. per qr. lower.
The accounts from Birmingham with respect to
the iron trade are satisfactory. The works are
well supplied with orders, all hands fully employed
and the workmen satisfied.
_The dearness and

scarcity of fuel, however, is still felt. Various old
works, for some time idle, are being repaired,
and preparations are being made for extended

operations.
The intelligence by the Overland Mail concern-
ing the Indian markets is not very satisfactory in
the matter of imports, and produce ruled compara-
tively high. The China trade, however, is in a
still more critical position. Availing themselves
of the existing political troubles, the native mer-
chants were exacting high rates for produce ; and
owing to the competition among the foreign houses,
these they were enabled to maintain. A difficulty

existed in bringing produce from the interior to

the ports of shipment; for although the " patriots"
were generally triumphant, there seem to be
marauding bands, belonging probably neither to
them nor the Imperialists, who robbed the waggons,
dm., on their way down. Many parties seem yet
doubtful of the result of the warfare carried on.

As to imports, the purchases were very limited,
and great caution seems requisite in sending out
consignments.
At Singapore the markets were dull, but con-
siderable animation was expected upon the return
of the na Eive traders with produce from the various
ports in the Archipelago. Produce was in good
demand. Exchange on London, Oriental Bank,
six months, 4s. 9iEd. Tonnage was in demand at
4/. to 4/. 10s. to ngland. _ _ _ _

Piracy was extensively carried on in the Gulf of
Siam and the China Seas.

Sir James Brooke had been seriously ill, but was
recovering at the latest date.
The Australian advices to May 31 from Sydney
are very good, but the supply of merchandise was
increasing. The Adelaide steamer would need re-
pairs before returning to England. Very few let-
ters have been received, and the bulk probably will
come in a few days, via Southampton.
The English funds are heavy this morning, prin-
cipally owing to the alleged greater demand for
money. The bankers, however, are very full of
cash this morning, and disinclined to give such
high rates on " call." Consols have been at 98 to
all the morning. The New 3 per Cents. have
realised 101 k to 1, and the 3 per Cents. 981
Bank Stock is firm at 2281, and India Stock at
258 to 259. Exchequer Bills are 3s. discount to
par. The political advices are tranquillising.
The arrangements for to-morrow's settlement in
the Foreign Market are iu progress to-day. Mexi-
can Bonds realise 26i to 27, Grenada 22, and
Buenos Ayres 67 to 69. Brazilian Small Stock
has been at 101. Equador Bonds are at 5. Por-
tugrese 4 per Cents. have realised 431, Spanish
Deferred 23a and the Certificates 6g Russian
Small Bonds are 1024. French 3 per Cents. bring
80 25, with the exchange at 25. Dutch 4 per
Cents. are 98 to 1. Sardinian Stock brings 96k.
Railway Shares have been generally lower, and
also the Mines and Banks, owing to the settle-
ment.
The railway meetings announced are the fol-
lowing :--
COMPANY. DATE. PLACE, &C.
Belfast and County Down Aug. 18, Belfast.
Bideford Extension Aug. 24, London Tavern.
Bristol and Exeter Aug. 25, Bristol.
Cork and Waterford
Direct London and Portsin Aug. 26, London Tavern.
Eastern Counties
East Indian Aug. 16, London Tavern.
East Kent Aug. 24, London Tavern.
Great Northern Aug. 20, London Tavern.
Gt. Sthrn. &Westrn.,lreland Aug. 27, Dublin.
Great Western
Hull and Selby Aug. 20, Hull.
Kilkenny & Great Southern
and Western, Ireland...

Aug. 30, London Tavern.

Lancashire and Carlisle Aug. 31, Lancaster.
Leeds Northern Aug. 30, Leeds.
Llynvi Valley Aug. 22, Bristol.
London and Blackwall Aug. 17, London Tavern.
Loughor
Mane., Sheffield, & Lincoln Aug. 31, Manchester.
Midland
Midland Gt. Western., Irel Sept. 2, Dublin.
Newmarket Aug. 31, London Tavern.
Newp.,Abergay.,& Hereford Aug. 31, London Tavern.
Newry and Enniskillen Aug. 16, Guildhall-coffeeh.
Norfolk •• Aug. 29, Guildhall-buildgs.
North Devon Aug: 24, London Tavern.
Northern and Eastern Aug. 18, Bishopsgate•stn.
Northern Counties Union Aug. 25, London Tavern.
St. Andrew's and Quebec
(Class A) Aug. 25, 26 Parliament-st.
Shrewsbury and Hereford
South Wales Aug. 26, Paddington-stn.
South Yorkshire Aug. 26, Sheffield.
Thames Haven Aug. 31, London Tavern.
Vale of Neath Aug. 31, Neath.
Waterford and Limerick Aug. 30, Waterford.
West Cornwall Aug. 31, Throgmorton-st.
West End & Crystal Palace Aug. 29, 3 Adelaide-place,
London-bridge.
Wharfdale Aug. 19, Skipton.
Whitehaven &FurnessJunc Aug. 26, Office.
York, Newcastle, & Berwick Aug. 30, York.
The committee of Mexican bondholders have re-
ceived the following document respecting the pro-
posed formation of a bank in the city of Mexico
"The recent project of establishing a bank in the city
of Mexico, as submitted to the Government there, and
not yet finally decided on, is contained under the follow-
ing thirteen heads :
"I. To establish, in the capital of the republic, a na-
tional bank, for the space of twenty years, to continue
as the law may decide when this term expires.
"11. The capital of the bank to be $6,000,000,
$4,000,000 in money and $2,000,000 in bank notes. So
soon as individuals or companies sufficiently respectable
in the estimation of the Government have subscribed the
amount in money ($4,000,000) the bank shall be con-
sidered established, and the subscribers shall take the
characters of proprietors.
" 111. The capital of the bank shall be represented by
6,000 shares of $l,OOO -each. It is an obligation on the
proprietors to keep open for the public for the space of
six months the sale of half at least of these shares, in
order that all who desire so to do may buy and become
participators in the bank. During that period the shares
cannot be sold to the public for more than the value
they represent.
"IV. The bank to have the legal title of Sociedad
Anonima' Joint Stock Company ; consequently, the pro-
prietors and such persons as may at any time take
shares are responsible for the operations of the estab-
lishment to the extent of the sums which their shares re-
present. This being done, their responsibilitymeases.
"V. The operations of the bank with the commercial
body and with private individuals are to be—
"l. Exchange operations in money between one
place and another on stipulated terms.
" 2. To discount bills, promissory notes, &c., in the
city of Mexico.
"3. To undertake the collection, which may be en•
trusted to them, of accounts without law proceedings,
charging for it a convenient commission.
4. To receive money on deposit at call, charging a

commission.
" 5. To receive extra judicial deposits which may be
confided to them, of money, bars of gold or silver, and
precious jewels. There can also be placed in the bank
judicial deposits, always with the sanction of both con-
tending parties, each to pay a commission.
"6. To make private loans on golden ornaments, sil-
ver, pearls, or precious stones, and upon bars of gold
and silver, charging interest, which shall not exceed the
rate charged by the Monte de Piedad' (Government
pawnbrokers).
"7. Likewise to make loans upon State paper and
undertakings duly accredited, and upon articles of mer-
chandise of ready sale.
"VI. The operations of the bank with the Govern-
ment are to be—
" 1. To open a credit in its favour for $9,000,000 per
annum as follows :—5500,000 each month for the gene-
ral wants of the Government ; 25,000 each month for
the widows, invalids, and pensioners ; $16,666 each
month for the judicial fund, if the Supreme Court agree
to give up the revenue of the stamped paper; $BOO,OOO
every six months for the dividend on the foreign debt ;
$200,000 every six months for that on the home debt ;
$250,000 every six months for the diplomatic conven-
tions.
"2. To take charge of the following revenues of the
national Treasury:— "1. The maritime and frontier cus-
tom-houses ; 2. The deche de consamo (octroi duty) on
foreign goods in the interior of the republic ; 3. The
contributions of the district, such as are not municipal.
4. The duty on silver throughout the nation ; 5. The
duty on tobacco ; 6. The duty on stamped paper, if the
judicial power agree to give it up.
" VII. In performance of the administration which is
confided to them, the bank authorities will regulate the
localities and salaries of the offices of the revenues
which they have to manage,- will propose to the Govern-
ment the employes who have to serve in them, and will
be able to remove these persons from their posts when-
ever they do not perform their duties.
" VIII. The bank, in the account which it will have
with the Government, will charge the latter with what
is furnished it on the credit opened, and will credit the
Government for the amount of the produce of the re-
venues ; and the Treasury and the bank shall mutually
agree to a charge of A per cent. per month for the bal-
ance which the one may have against the other. The
account of commission to be settled every six months.
" IX. If the revenues under the administration of the
bank should produce more than those which on an ave-