The Sun.
London, England, 1854-07-21 00:00:00

AONEY 1A ItKE

AND
. COAILIEECIAL INTELLIGENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 8,000 bales, including 1,000
American taken for export and on speculation.
The market closed steadily, without change in
prices. The sales comprised 5,500 American, 350
Bahia at 68a. to 6d., 200 Egyptian at 6jd. to
7d., 2,000 Surat at 2d. to 4ild. and 30 Sea
Island at ls. Al to is. Bd., per lb. Railway
Shares were firm.
Colonial produce has been dealt in to a moderate
extent this week. Sugar has been in steady de-
mand for consumption, without any speculative
inquiry. Coffee has been firm. Rice has gone
down, owing to the finer weather and the decline
in grain. Rumbas been in greater request, and at
fuller rates. The tea market continues quiet, and
there has not been much done in cotton. Saltpetre
has been in request. The Indigo auctions have gone
off with more spirit, and tallow and hemp have
I been flatter. _ _ _

Ina bill which was introduced in the Commons
for facilitating the sale and transfer of encumbered
states in the West Indies, we have an attempt to
establish some of the advantages obtained from the
Maine system in Ireland. All plantations and lands
are to be included, whether belonging to indivi-
duals or to corporations. Great powers are given
to the Commissioners, the chief of whom is to be
a barrister of not less than 10 years' standing, resi-
dent in England ; but local commissioners may be
appointed by the Government of any colony. The
salaries are to be decided upon in committee. The
commissioners will have power to sell lands, but
not atter application has been made to any compe-
tent tribunal in the colony and dismissed, unless
the costs thereby incurred are discharged. Due
inquiries are to be made as to the cir-
cumstances of the land, and the parties in-
terested therein, and no sale will be allowed
where the yearly interest on the encumbrance does
not exceed half of the net yearly value of the land,
calculated on the average profits, after deducting
all necessary outgoing during the preceding seven
years, or such periods as the Commissioners may
determine, unless there exists no objection to such
sale. The rights of yearly tenants and other tem-
porary interests are to be regarded, the dowers and
encumbrances are to be provided for, either by
making the sale of the lands subject to the same,
or paying them out of the gross amount realised.
Every advance made under this act will give the
purchaser the fee simple in the land. The pur-
chase money to be paid into the Court of Chancery,
under certain circumstances, such as the inability
to ascertain whe are the parties entitled. Sales
under this act may be made, notwithstanding pro-
ceedings in any other Court. A division of proper-
ties may also be carried out, part being sold, and
the rest left in possession of the owners. The
colonies to which the act will be extended are the
following :—Jamaica, Barbadoes, St. Vincent,
Grenada, Tobago, St. Lucia, Antigua, Dominica,
St. Christopher's Montserrat, Nevis, the Virgin
Islands, British Guina, Trinidad, the Bahamas,
and the Turk's Islands.
In American securities, there have been some
changes since this day week. The nearest prices,
as given by Messrs. D. Bell, Son, and Co., are as
follows

Redeemable. Per Cent.
United States 6 per Cent. Bonds 1868...1081 109
United States 6 per Cent. Inscribed
Stock 1867-1868...1071 103*

Pennsylvania 5 per Cent.
.. w 81.
Pennsylvania 5 per Cont. Bonds 1877... 821 831"
Ohio 6 per Cent. lascribed Stock 1856... 91
Massachusetts 5 per Cent. (Sterling
Bonds) .. :. .: 1868...1021 1031
Maryland 5 pe, Cent. (Sterling Bonds) ... 9.2 93
.4.lariatua 5 per Cent. 1863... 83 85
Virgini i. 5 per Cent. (Sterling Bonds) 1883... a) 92
Virginia 6 per Cent. Bonds .....1886... 914 92}
Canada 6 per Ceut. (Sterling Bonds) ...... 1876-103 i 107

LOANS OF CITIES.
New Orleans 6 per Ceut. Bonds

......1893... 79 81

RAILROAD BONDS.
Great Western of Illinois 10 per Cent.,

Ist Mortgage . ... . .......................... 1868._ 91 93
Pennsylvania Central R. Rd. 6 per
- - _

. .:; ....................... 90 91
NeCwenYlO.ri .... . Pe.; 'Cent

- -
gage, Convertible ...........••••••..........1859... 90 91
New York and Erie 7 per Cent., 3d Mort-

gage .............................................18;3... 81 83
New York and Erie 7P. Cent., Con vertible. 186 t... 77 79
The Chamber of Priests in the Swedish Diet, at
their sitting on the 12th inst., voted that the prin-
ciple of the emancipation of the Jews was useful for
the progress of civilization and truth. The Jews
hitherto have been under severe restrictions in
Sweden, and only permitted to reside in three or
four towns.

The ship Marian Moore, which left Melbourne
April 23, has arrived with 21,505 ounces of gold,
and the Prince Alfred brings 25,647 ounces. The
Ashburton is in from Sydney, but it is not known
what gold she brings.
The first general meeting of the shareholders in
the Chartered Bank of Asia is now being held. The
report states :

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Front the °tidal List.)
Bnainoss done.
Bank Stock
3 per Cent. Reduced Annuities 92. 4
3 per Cent, Consols Annuities 94i4iii4
New si per Cent. Annuities 92s 24
Ling Annuities, Expire sth Jan., 1860
Dittc 30 Years, Expire 10th Oct., 1859 4 7-16
Ditto 30 Years, Expire sth Jan.,1860 44
India Bonds. £lOOO . ..
Ditto, under, £lOOO 1 5 p
Consols for Account4Tth August 924 d
Exchequer Bills, 24d.
£lOOO ,, - 3 P Par
Small 5 1 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent 551
Mexican 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £ St
Ditto 4A per Cent 824 i
Spanish Bonds, 3 per Cent 37 x d
Spanish New Deferred, 3 per Cent. lB4 4
• tdvidenits on the clove payable in London.
Dutch Exchange, 21 per Cent. 12 Gull
Ditto'4 por Cent. Cortifieates .. .
HALF-PAST TWO.

Consols 92A
L itto August cconut

" The prospectus of the Chartered Bank of Asia was
accordingly issued in November, 1852, and the shares
were readily subscribed for. Application was made to her
Majesty's Government for a charter, which, at a Privy
Council held 10th November, 1852, was referred to the
Board of. Trade for consideration and report.
" Your Directors have now however much satisfaction
in acquainting the shareholders, that a negociation is ac-
tually in progress, which, if prosecuted to a successful ter•
urination, will enable the Bank of Asia to commence busi-
ness at once, with a capital adequate to the requirements
of the Charter, and without calling upon the shareholders
for a contribution to accomplish it. While the negotiation
is still pending, the Directors do not think it desirable
for many reasons to lay the details of the proposed arrange-
ment before the shareholders, but they may state, in general
terms, that it involves the amalgamation of the capital of
another bank, now in fall and profitable operation, with
that of the Bank of Asia, on such terms as can scarcely
fail to be of great mutual benefit.
" Your directors were subsequently occupied in obtain-
ing the necessary approval of the Lord Chancellor and of
the law officers of the Crown to the precise terms of the
charter; and and it was not until the 29th of December,
1853, that the directors finally obtained the Royal Charter
of Incorporation, with the Great Seal affixed thereto.
" The shareholders will observe, that after full provi-
sion for the preliminary and other expenses of the bank up
to the 15th inst., a considerable balance remains in hand.
As this amount will not be required for the =rent pur-
poses of the bank, the directors feel themselves bound now
to recommend the appropriation of a portion of it to the
shareholders, by declaring a payment to them in the shape
of interest of four shillings per share, being at the rate of
four per cent. upon the amount of the deposits; the same
to be payable at the office of the bank, on and after the
7th day of August, 1854, free of income tax."
The receipts from September 1852 to July 15,
1854, are given at 109,0421., and the disburse-
ments at 4,6801., leaving 104,3611. in hand, chiefly
invested in securities.
There was an improving tone in the stock mar-
ket upon the commencement of business this morn-
ing, owing to the agreeable disappointment at the
amount which Govern •ent will ask for the war,
viz., 3,000,0001., whereas eight or ten were re-
ported to be wanted. Consols have been 921 I,
but within the last half hour the broker who acts
for the" Bank of England, and other large establish-
ments has been a seller, and a reaction to 92i
has occurred. The account prices have been 92
and are now 92 8. Bank stock has declined
to 2101 to 2391. Exchequer-bills are par to 3s.
premium, and India Bonds Is. to ss. premium.
Foreign Securities have been very firm, but with
scarcely any business doing. The quotations for
Russian 41 per Cents. is 82k to 1, and for Dutch
4 per Cents. 901.. Sardinian Bonds have been- at
821 to 1.
Mexican Stock is at 24i, and Buenos
Ayres at 11;
-4 Spanish 3 per Cents. have been
1 / ;
marked 37, and the Deferred 184 having risen
upon the success of the insurgents. The are the nominal prices of Foreign
Stockssl—Greitada Deferred Bonds, 6 to 61 ; Mem-
ean, 24 to 24 per
per Cents. 50 to 52 ; Portuguese Four per Cents.
uian, 66 to 63 ; ditto Three
Peruvian,
39 to 41 ; Russian Five per Cents. 97 to 99 ;
ditto Four-and• a-Half per Cents. 82 toB4 ; Spanish
New Deferred, 18 s to 19 ; ditto Three per Cents.
361 to 37; ditto Certificates, 31 to 41 ; ditto Pas-
sive, 33; to 4i.
The Railway Market is very good, and in Lon-
don and North-Western, Brighton, South-Western,
and York and North Midland there is some ad-
vance. Frenoh shares are firm.
The Mining Market has been dull ; the Joint
Stock Banks have been firm. Canada Company's
shares have been done as high as 90, and Crystal
Palace are without alteration.