The Sun.
London, England, 1853-10-20 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, of which 1,000 American
were taken for export and on speculation. The market
closed heavily. The sales comprised 4,500 Ame-
rican, 800 Pernam and Maranham at 6&d. to Bd.,
150 Bahia at Gad. to 6i3d., 600 Egyptian at 51-d.
to 10d., 700 Surat at 21d. to 34d., and 40 Sea
Island at Is. Bd. to 2s. 2d. per lb. In Railway
Shares only a limited business was done at rather
higher prices.
The following particulars giving the result of the
Indigo auctions, are furnished by Messrs. H. W.
Jewesbury tt, Co.
" After the close of the last July sale this article con-
tinued in fair demand at full rates, the tendency of
prices being upwards from the general impression that
Cie future prospects of indigo were much in favour
of higher prices ; but at the opening of the present sale
it was evident that the high rate of discounts, together
with the increasing uncertainty with regard to the ter-
mination of the Eastern question, had produced consid-
erable caution, particularly as regards the foreign buyers,
and the result has been a very flat sale, which has re-
quired strong support on the part of importers, by
withdrawing large parcels as the sale progressed to
maintain the quotations given below; good Bengal,
good and fine Kurpah, and fine Madras, have
been in good demand, and for these descriptions an ad-
vance has been paid ; all other sorts have ruled from
July rates to a discount. Of the quantity brought for-
ward it is estimated that 4,360 chests are brought in,
6,602 withdrawn, and 5,619 sold, to which may be
added 800 of the brought in and withdrawn, making the
total quantity sold about 6,400 chests, of which 5,000
are said to be for export, and 1,400 for home use and
re-sale. The following are the quotations as compared
with the last July sale :—Good and fine shipping, par
to 3d. lower ; ordinary and defective ditto, par to 2d.
higher ; broken and consuming, par to 3d. lower ; Ma-
dras good and fine, 3d. to 4d. higher; middling ordinary,
par to 3d. lower ; Kurpah good and fine, 3d. to 4d.
higher ; middling and ordinary par to 2d. lower."
The public sales of colonial and foreign wool
commence this afternoon. A full average quantity
will be offered, and owing to the state of the
money market, there may be some difficulty in
supporting prices. The woollen trade, however,
is in a sound position, and quite uninfluenced by
speculative dealing.
The amount of specie which will leave South-
ampton to-day by the Peninsular and Oriental
Steam Navigation Company's ship for the Over-
land Mail is 284,3301., of which 8,0001. in gold is
for Ceylon, 78,9001. in silver for Bombay, and
50,1501. ditto for Calcutta.
The Undine and the John Souchay, from Van
Diemen's Land, have brought 1,344 ozs. of gold.
It is stated that the Bank of France will proba-
bly raise its terms again. This may be correct, as
bills would naturally be sent from London, if they
could be negotiated on lower terms at Paris. Gold,
however, is still dearer at Paris than here, and
being attracted thither, no immediate necessity
may be felt for an advance in discounts.

The broker who usually acts for the Bank of
England has been a large seller of Exchequer Bills
this morning, said to be to the extent of 100,0001.,
and for account of the Government. Great com-
plaints are made of this system of selling in the
market, and the Chancellor of the Exchequer gets
much blamed by the moneyed interest. We be-
lieve, however, that he has precedents in his
favour.

The English funds have been extremely quiet.
Consols opened at 91i receded to 911 and are
now 91g 4. The foreign news is of no importance,
but the Bank meeting having broken up without
advancing discounts, has had a good effect. The
New Three-and-a-Quarter per Cents. have been
921 to 1, and the Three per Cents. 901 to 4. Bank
Stock is worth 216 to 218, and South Sea Stock
112. Exchequer Bills have been marked 3s. to 75.,
premium, and India Bonds 3s. discount. The
business this morning has been principally in New
Three-and-a-Quarter per Cents., and in the Re-
duced Three per Cent. Annuities.
In the Foreign Market there has been more ac-
tivity, but unattended by any advance in prices
except in one or two instances. Russian Five per
Cents. have been firm, having been done at 112 and
1124. The Four-and-a-Half per Cents. have been
dealt in at 97 and 97k. Belgian Four-and-a-Half
per Cents. have realised 96 and 97, and Dutch
Two-and-a-Half per Cents. 621. Danish Five per
Cents. have been marked 1011 to 102. The
Northern Securities have been those mostly dealt
in this morning. Spanish New Deferred Bonds
have been marked 24, and the Certificates 5 and
51. Portuguese Four per Cents. are quoted 414.
Mexicen Bonds being 231 to 1, and Venezuela have
been at 31. Buenos Ayres at 561, and Brazilian
held at 97. _ _

The last week's railway receipts ascertained up
to this day are in round figures as under :

1853. 1852.
North-Western
South-Western
Brighton
Midland
South-Eastern 19,012 18,530
_ _

Caledonian and Edinburgh and 15,613 14,361
Glasgow
Great Northern
Lancashire and Yorkshire 18,228 17,220
Yorkand North iVlidland,Newcastle 30,389 26,277
and Berwick, and Leeds Northern

There has been a marked want of activity again
in the Railway Market, and the quotations con-
tinue heavy. This applies not only to the large
and established lines, but likewise to the smaller
undertakings. French shares are equally quiet,
and the only bargains this morning in the foreign
shares are in Luxemburg.
The Gold Mine Shares have been heavier, and
there is a decline in the Anglo Californian, Agua
Fria, Colonial Gold, and others. This is rather a
singular feature, after the firmness that has pre-
vailed for some time, but it is evident the market
cannot bear the pressure of sales, and where the
undertakings are sound, holders have no resource
but to remain firm.
The Australian Bank Shares have also been
rather lower, and the Land Companies' are not so
good.