The Sun.
London, England, 1853-08-18 00:00:00

_MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, of which 1,000 American
and 600 Pernam and Maranham were taken for
e.xport. The market closed heavily, with but
little change in prices. The sales comprised 4,300
American, 1,100 Pernam and Maranham, at 60.
to 7id. ; 200 Egyptian, bid. to 10d.; 300 Surat,
4d. to 5d.; and 100 Sea Island, at ls. 9d. to 2s. lid.
NT lb. Railway Shares continued dull at lower
prices.

The six weeks' average price of wheat is 51s. 6d.
PerTqr., and the last week's sales were 84,907 qrs.
The
e steamer Parana brings a large bullion
freight
(767 000 dollars) from the Spanish
Main. The accounts state that the weather
in Jamaica had become excessively sultry. The
Public
health, however, was in a satisfactory con-
dition, but cooling showers were much required.
In Trinidad the 1853 sugar crop had been L ; in,
and
thaandWould not, it was considered, prove far short
of the last year, as had been generally ex-
lectei4 The labour Market was well supplied in
some localities while a deficiency was felt in others,
but in no Dart was there a, surplus. Unfortunately
the fever lad broken out among the soldiery at St.
„arcles• A resolution had been passed in Council
that it is expedient that at least 1,000 free
labourers
from the East Indies be introduced into
u▪
le colony in 1854."
ofThe Trinidadian, noticing the arrival in England
a vessel with a cargo of asphalt or pitch, says
"The ship Roger Stewart, arrived safely at Gravesend
the 11th of May, after a voyage of 45 days. She
carried 550 tons of pitch (common asphalt from Point La
fetal in bulks, and by her safe arrival has proved that it
is as practicable to ship mineral pitch in bulk as it is to
Saito stone coal.
"We make this public announcement of the safe ar-
rival of the Roger Stewart, for the purpose of correcting
a prejudice which was current amongst some of our
shi▪
ppers here, namely, that pitch could not be shipped
in bulk on a voyage across the Atlantic. One of them
Who, on other matters, is less prejudiced or ignorant,
Went so far as to warn the captain of the ship against
taking the freight, and said to us, `that it would be
better to sink the ship at La Brea, here she took in the
cargo, and save the people, than to let her go outside
the Pocas.' For such men it would indeed be better to
refrain from expressing any opinion, and to learn that
wise men examine before they judge, and fools judge
before they examine.'
"We have not the slightest doubt that before ten
Years have passed wound our export of mineral pitch
will exceed in weight and bulk all other exports from
Trinidad. By that time also we expect to see the Colo-
nial Government and the Town Council make use of a
Material (mineral pitch) in the colony, the value of which
they seem at present to appreciate but little."
The Bank of England weekly Board meeting has
broken up, and no further advance has been made
in the minimum rate of discount.
The Stock Market is firmer this morning, in con-
sequence of the rather easier state of the money
'33arket, and the absence of any unfavourable news.
There is, however, very little doing. Consols have
been-r
97-& and 98 for Transfer, and at one time 98
,
bu it for Account. The New Three-and-a- Quarter
per Cents, have realised 104 to 1, and the Three
Per Cents. 98/1 to 981. Exchequer Bills have been
at 2s. discount to par. Bank Stock has touched
228 and 2281, being a rise of about per cent.
kAast India Stock is firm at 257 to 259. South
Sea Stock has been quoted 1151.
In the Foreign Stocks there has not been any
life. Sardinian have risen however to 67 and 97k.
Brazilian 41 per Cents. are very firm at 99 to 99a,
and Grenada Deferred have advanced to 10k. It
15 obvious that those securities which have a firm
basis will now become more in demand, and profit
by the disinclination to encourage new foreign
schemes. Portuguese 4 per Cents. have been at
4.,N. Dutch 4- per Cents. are at 65,i. Mexican
Bonds have been at 26i to 27. Not a single bar-
gain is recorded in Spanish Stock. Russian Bonds
are nominal.
The last week's railway receipts, ascertained up
to this day, are in round figures as under
1853. 1852.
£26,832 £20,383
60,885 55,414

Great Western ..................
North Western* ................
South Western
Brighton
Midland
South Eastern 20,011
Caledonian and Edin . and Glasgow 16,092
Great Northern 18,341
Lancashire and Yorkshire 21,461
York and North Midland, Newcastle
and Berwick, and Leeds Northern 30,311
These earnings, it will be perceived, are very
large upon al! the principal lines, and but for the
extensions and the increased expenditure would
afford reasonable ground for the expectation of
better dividend.; hereafter. Unfortunately, how-
ever, the unproductive branches absorb in many
instances more than the increased revenue.
In the English Railway Shares there is a slight
improvement, but the amount of business done
hasl been very limited. Great Western, North-
Western, and the York and Berwick aro the only
lines in which there has been dealing of the least
iliagnitude. French Shares have been in request,
and active, being still very scarce. The Upper
India Scrip is at b premium. Central of France
are clearer.
The Gold Mine Shares have slightly risen, and
there is more doing in Linares.
The Joint Stock Bank Shares have been heavy,
and in the Land Companies there is no animation.

12,811
25,637
19,014
14,078
13,600
20,215

27,518

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Business done.
tank Stock ....... ..... ....... ..... . 22Bi 3
3, Per Cent. Reduced Annuities 9Bg
trer Cent. Consols Annuities ... 9B 74-
per Cent. Annuities lOl. A
I•oug Annuities, Expire sth Jan., 1860 -4
Vitt° 30 Ycars, Expire sth Jan., 1860
India Stock
133uth Sea Stock
India Bonds, £lOOO
.
e''tisols for Account Bth September
Exchequer Bills, Id.
ll'oo
£5OO .
Small .

On 8

par
2d
2d

NICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 4 per Cent 99a 9
Grenada Bonds, Deferred
Ditto 1A per Cent 24
1 iexi • ,
I. ean 3 p,n. Cent.
°lit ;nese Bonds, 4 per Cent.
„ Ditto Ex all over-due Coupons 414
rdinian Bouds, s.per Cent...
Dividends on the above payable in London.
blitch Exchange, 2i per Cent.
Ditto 4 per Cent. Certificates ..

lIALF-PAST TWO.
Consols 97 8
Ditto September Account 9B sellers