The Sun.
London, England, 1853-02-25 00:00:00

MONEY AND -COMMIERCIAL NEWS.

CITY, TWO O'CbOCK.
The sales of cotton at Liverpool yesterday, were
estimated at 5,000_ bales, of which 500 American
were taken for export. The market closed heavily.
Compared with Friday's rates, prices of low Ame-
rican were id.. to id., and Surat and Brazil id.
lower. The sales comprise 3,500 American, 350
Pernam, and Maxanham at 6d. to ad., 150 Bahia
at 6kd. to 6Kd., 200 Egyptian 7d. to is. aid., and
500 Surat at 3id. to 44 d. Railway shares were
firm. , _

The dealings in, produce, this week, have been
to a fair extent. Sugar has fully supported the
former prices, but coffee has been lower, owing to
the doubt whether chicory adulteration was to be
permitted again. Cotton has been duller. Rice
and saltpetre firm. Of tea it is stated by Messrs.
Richard Gibbs and Co. that " the market during
the past month has not been particularly active,
although in the aggregate a fair average business
has been effected, and prices on the whole are well
,supported. Transactions have been principally in
the good description of Congou from is. to is. 4d.,
and in Shanghae Greens at rather strengthening
prices. Scented teas and Canton made Greens are
without alteration."

Messrs. H. W. Jewesbury and Co., referring to
the markets generally, mention that
" The great activity in the foreign and colonial pro
duce markets which prevailed at
_the date of our last,

has not continued to the extent then noticed. In the
early part of the present month the demand was less
active than previously, Which may ii a great measure be
attributed to the late rise in the rate of discounts ' • but
during the present week the operations in produce have
been characterised by increased firmness, and dealers,
finding that importers support the markets by withdraw-
ing parcels whenever requisite, have shown more dis-
position to purchase at the full rates demanded. The
importations lately have been very light, owing to the
prevalence of contrary winds • and this, in face of the
continued large deliveries from the warehouses, has
greatly tended to strengthen the markets. Dyes and
dyeing materials have continued in good demand. In-
digo has advanced considerably. The finer qualities of
lac dye and safflower maintain fully previous rates.
Cochineal has only experienced a limited demand, and
prices are rather lower. Dye woods, on the contrary,
are in good inquiry, and prices are higher."
Of the Silk market, Mr. Henry W. Eaton re-
ports that—
" As usual, at the public sales the greater portion was
either withdrawn or bought in ; but a considerable busi-
ness has been done during the last week in Chinas, by
private contract, the prices actually realised being, for
Tsatlee, from 15s. 6d. to 195., and for Taysaam, 14s. to
15s. 6d. In Bengals everything in coarse sizes has been
taken freely, but the fine to middling qualities have
been neglected."

The telegraph, in anticipation of the Calcutta
mail; brings the rate of exchange from that 'city at
2s. Id. on London. Trade dull. By this mail 21
boxes of Australian Gold will be received.

The prospectus has been issued of a very import-
ant undertaking, the Nova Scotia Mining and
Copper Smelting Company. The names are a
guarantee of good faith, and the returns antici-
pated promise something of a Burra-Burra result.
The highest scientific men have certified as to the
richness of the mineral lands purchased, and the
statement subjoined is no doubt literally cor-
rect :

"The fact that Nova Scotia• abounds with mineral
wealth to an amount almost unequalled in any similar
extent of country, long conjectured and believed, has
now bean ascertained beyond the possibility of 'doubt
or cavil. The directors have concluded, on satisfactory
terms, and at moderate royalties, the conditional
purchase of Indian Point, a promontory in the
Bay of Fundy, containing copper ore exceeding in
both quantity and quality any known deposit, as
well as the Deburt, Acadian, and Folly Mountain
Iron Mines, together with extensive adjacent tracts of
valuable mineral properties, comprising in all, with In-
dian Point, about 20,000 acres. The last-mentioned
tracts contain iron ores (whence the most valuable char-
coal iron and steel are made direct by one process), cop-
per, coal, limestone, fire and brick clay, and timber.
The vendors stipulate that the entirety of the purchase-
money shall be paid to them in shares; say, 13,500 shares
fully, and 20,000 shares half paid up; thereby leaving
on the first call of Si. per share a working capital of
85,5001., which it is believed will be sufficient for working
the company, without recourse to any further calls."
The English Stock Market is very firm although
quiet, and the partial reaction of the Paris Bourse
yesterday has had no effect here. Consols have
been 99i / for transfer, and 991 for account.
The New 3} per Cents. have been marked 103 i to
11, and the 3 per Cents. 1001 to I. Bank Stock is
very steady at 2271, and India Stock at 266. Ex-
chequer Bills are at Bs. to 12s. premium.
Foreign Stocks are well supported, although
dull. Mexican Bonds have been 231 to 24, and
Peruvian Deferred 62, being about the previous
rates. Buenos Ayres Stock is steady at 63. Sar-
dinian Bonds have been marked 94i to 95. The
Spanish Committee's Certificate is improving. The
prices have been 5 to sg. The Turkish Loan is at
1 premium. Nothing official is yet stated con-
cerning the expected arrangement. The 3 per
Cent. Spanish Bonds are at 47/. Dutch 4 per
Cents. have been firm at 991-.. Russian 4i per
Cents. have been at 104.

Railway shares have been withoutpaterial altera-

tion gene-rally, but scarcely up to the highest rates
of yesterday in the case of Leeds Northern, North-
Western, Manchester, Sheffield, and Lincolnshire,
South-En. tern, and York and Berwick. Eastern
Counties are good, Caledonian have improved,
South-Western are firm, and also Great Northern
and Aberdeen. French Shares are rising, Stras-
bourgs, Northerns, and Lyons being higher.
Thf3 Australian Land Companies Shares are
more fluctuating, as arrangements are making to-
day for carrying them over. The real holders
however, entertain great confidence. North
British have advanced, and also the Scottish. Peel
River are flatter.

The Australian Bank Shares have an upward
tendency, but there is not so much doing in them
as there was yesterday.

The Gold • Mine shares have been very steady,
and an advance is noted in the Ave Mazia.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY
(From the Official List.)
Business done.
Bank Stock
3 per Cent. Reduced Annuities..........
3 per Cent. Consols Am uities
New 31 per Cent. Annuities ..........
India Stock .. 266-
Consols for Account 10th March 99'l •
Exchequer Bills 14d.
• £lOOO l2 8
£5OO l2 8
Small l2 8
Ditto Advertised l2 8
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent 63
Mexican 3 per Cent • 23 4
Peruvian Deferred 3 per Cent 62
Russian Bonds, 5 per Cent.
Ditto, 4i per cent lO4
Sardinian Bonds, 5 per Cent........
Spanish Bonds, 3 per Cent 47i •
Spanish Committee Cert. of Coup. not fun , 5 p 0
Turkish Loan, 6 per Cent., 1852 1
Dutch Exchange 2. per Cent
Ditto 4 per Cent. Certificates.......... 991
HALF-PAST TWO.

Consols
Ditto March Account

99991

HOUSE OF LORDS.-(THIS DA Y.)

Their Lordships sat this morning to hear appeals.
The peers present were the Lord Chancellor, Lord
Brougham, and Lord Truro.

TOMMEY V. WHITE.
Sir F. Kelly was heard in this case, and was pro.
ceeding with his argument when our report left.

ELECTION COMMITTEES-(THIS DAY.)

BRIDGNORTH.
This committee re-assembled this morning at 11
o'clock, when the cross-examination of Mr. Head was
continued. This witness entirely contradicted the evi-
dence of the Milners, and denied all knowledge of the
election of any kind whatever,
Mr. William Batt, cousin to the last witness, corro-
borated his evidence, and also completely contradicted
the statement of the Milners.

CLITHEROE.
The committee re-assembled this morning at half-past
eleven o'clock.
Wilson, a beer-house keeper, of Clitheroe, in his re-
examination contradicted the evidence given, to the
effect that Myers and Chipperdale had been seen in his
house on the Monday and Tuesday preceding the
election.
The case was proceeding when the report left.