The Sun.
London, England, 1853-01-14 00:00:00

MONEY AND COMMERCIAL NE WS.

CITY, Two o'CLocK.
The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, of which 2,000 American
were taken for export and on speculation. The
market closed firmly. The sales comprised 5,750
American, 200 Egyptian, 6i-d. to Bd.; 1,000 Surat,
3d. to 4d.; and 60 Sea Island, at ls. Bd. to Is.
10d. per lb. In railway shares a good business
was done at previous quotations.

In the colonial markets this week business has
been duller. They opened flat for sugar and coffee
on Tuesday, and have become generally duller
since, owing to the advance in discounts. Rice is
an exception, having been in demand. Tea, like-
wise, has been very firm. Tallow rather dull, and
coffee neglected. The " rise" is, for the present,
taken out of most articles, even iron and grain
being cautiously dealt in, large as the consumption
is known to be.

The news by the Australian fully confirms what
we have before stated in reference to the effects
upon the real property of the colony by reason of
the gold discoveries. Land is not only rapidly
rising in its gold value, but improvements are pro-
jected in some localities, talked of in others, and
will no doubt in time be extended to all parts of the
inhabited districts—causing the rising empire to re-
semble the old country in its social, as well as in its
commercial character.

Railways take the lead. The Great New South
Wales Railway, a line projected in 1846, ;lid the
plans partially completed, is now brought forward
with every probability of success. The company
propose to make a line from the district of the coal
mines, at the mouth of the Hunter River, to those
localities on the Upper Hunter, where the copper
ore deposits are found, and which may, it is said,
then be smelted m the colonyat almost aslight a cost
as at Swansea. The line will also accommodate
the entire of the rich agricultural properties on the
banks of the Hunter. It is intended to commence
the line to Newcastle, and run vid Moipeth, Mait-
land and Singleton to Aberdeen and Segenhoe,
two villages on the Upper Hunter, belonging to
the Australian Consols Gold and Copper Mines
Company. This termini will be within 15 miles
of the Australian Agricultural Company's auri-
ferous estate. In its course it will also pass
through or near the estates belonging to the North
British Agricultural Company and the British
Australian Company. We understand that, after
allocating a portion of the Stock to the local land
proprietors of the district, the remainder will be
offered by priority to the Shareholders of the above
four Australian land companies.
It is also understood that an eminent contractor
has already offered to give guarantees to make the
lino on terms that are considered highly favour-
able, considering the present position of the labour
markets of Australia.

The state of the Paris Bourse has been the
theme of general conversation this morning ; and
every: impartial man sees realised the fears for some
time past entertained, that the bolstering up of
prices on Government account would end in
a revulsion. The serious charges brought
against men high in the service of the Em-
peror involve, however, other considerations
of a moral character, that will prove most
damaging, if substantiated, not alone in a
political, but also in a financial, point of view.
The danger of such tampering with public securi-
ties the merest tyro might understand ; and as the
day of reckoning must come, the sooner, perhaps, the
better, that new parties may not be drawn into the
meshes of speculation, and involved in seri-
ous loss, perhaps ruin. French railway property,
left to its legitimate course, would never fail to be
recognised by capitalists as possessing a high
intrinsic value. Excellent traffic, and the sound-
est financial administration of any undertakings in
the world, would ensure a fair share of favour
at all times to such shares. But there are like-
wise political movements to be taken into account,
and if Governments will, by the inflation which
credit banks, and other doubtful and untried
schemes occasion, stimulate even the needy to
speculate, good and bad securities alike suffer
for the time. As to the Bentes, they might
ve safely been left to the abundance of
money, and to the obvious interest and, the
admitted desire of capitalists to support
public credit. That there has been an unusual
pressure for money at Paris, and that great exer-
tions have been made to raise cash by Bills of
Exchange on London, is tolerably well known; and,
we may add further, that the directors of the
Bank of Englr,nd have narrowly watched these
proceedings, aud have partly regulated their
policy accordingly. A large amount of the
French bills were " thrown out" last week,
and great reserve is still exhibited in discounting
such paper. One word we will say in conclusion.
As far as the holders of dividend-paying securities,
or of sound companies that promise future divi-
dends, are concerned, we see no reason for panic,
or even uneasiness. The Railway traffic returns
are unusually good; the Australian banks have made
enormous profits; the land companies have property
becoming daily more valuable, and the mines are
only what they always were—merely speculative.
The English securities have been fluctuating, but
have now a better appearance. Consols were 99g
to and since 1001 to par,. The New 31 per Cents.
bring 10.31 to 1041. Exchequer Bills are down to
675. and 665. prem., money being in demand for
the foreign and share settlements.

Foreign Stocks have been flatter, except Spanish,
which are 483 to 49 for the 3 per Cents., and 5 for
the Certificate. Portuguese 4 per Cents. have
realised 39/ ; Mexican Stock brings 23k to-f, a re-
action of per cent. Grenada Deferred have re-
ceded to 12/ and 11k. Brazilian New Bonds have
been quoted 98 to 99. The Turkish Loan is at par
to premium. Dutch Stock is now quoted ex-
dividend. The settlement of the account has
been in progress, and has gone off favourably.
This is " pay day" in the Share Market. Rail-
ways generally are good, except the French.
Mines have been fluctuating, and Land Companies
steady.

BRITISH FUNDS THIS DAY.
(From the Official List.) _

- Bank Stock
225
3 per Cent. Reduced Annuities.....
3 per Cent. Consols Annuities 4 o9k g 100 99.1
New 31 per Cent. Annuities., lO3l 4e 31 8
Long Annuities, Expire sth Jan., 1860 -16
Ditto 30 Years, Expire 10th Oct., 1859
Ditto 30 Years, Expire sth Jan., 1860 6 3-16
India Stock
India Bonds, 21.000
Ditto, under £lOOO .. .
Bank Stock for Account.~ .
Consols for Opening 18th January
India Stock for Account ................. . 274
Exchequer Bills lid.
March.:
£5£1000••••••••• ............................. 67 6
00 ....................................... 66
Small ....................................... 70 66
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
Ditto New, 1852, 4i per Cent 9B 9
Equador Bonds ... .
Grenada Bonds, 80nd5......
...........
111 121
Mexican 3 per
........ 23i
Ditto for the Account•
.......231
Peruvian 6 per Cent ..... ........... .
103
.
Peruvian Deferred 3 per Cent ..
63
Portuguese 4 per Cent
Russian Bonds, 5 per Cent.
Ditto 41 per Cent ......
........
Ditto Small
Spanish Bonds, 3 per Cen't..
Ditto New Deferred, 3 per Cent 23
Spanish Committee Cert. of Coup. not fun 5
, 1852
e
cA4nitc.l): eCurenitt Cent.ifi 6 per .
e t Ee
Certificates... .25:
P
TDB ueuDDltg
tthiatostnohE
:orphnaetandrhns,
per Ccut 661 x d
981
..
10.

June.

x. d

THREE O'CLOCK.
Consols for Opening 18th January ...... 99Z x

CAB ACCIDENT.—.yesterday morning the following
frightful cab accident, which was nearly attended with
fatal consequences to several persons, odcurred in Gower-
street, Bedford-square. A
five women, who occupied the interior, and three men,
who rode on the roof, accompanied in a cab an Austra-
lian emigrant from
party of friends, comprising
square station. As the cab reached the gate m Gower-
street, adjoining the -University College Hospital, the
Paddington, en route to the Euston-
body of the vehicle, through being overloaded, swung
round and fell to the ground, with the three men under-
neath, all of whom were more or less wounded, one of
them, named James Bail, aged 45, having sustained a ,
fracture of the leg. The women were also injured, but
not seriously. The party having been extricated, were
removed to the hospital, whence they were enabled to
depart as soon as their wounds were dressed, with the
exception of Ball, who still remains there, under the
treatment of Dr. Quain and Mr. Hillier. The party
had." previously paid their fullest respects to the "jolly
gpd

G-AROTTING.—This cowardly system of attack is on
the increase in Nottingham. A robbery of this descrip-
tion took place on Tuesday evening last, as early as six
o'clock. It appears that a workman of the name of Tay-
ler, in the employ of Mr. Gibney, currier, was passing
down Back-lane (in the heart of the town), when he was
suddenly attacked by two men, one of whom strangled
him. -whilst the other rifled his pckets. Not finding any-
thing of value, the robbers decamped with his hat. The
attacl : was of so violent a nature, that Taylor remained
insensible for 'some time afterwards.
Tin 1 SHIP JOINERS.—These mechanics have sent in a
circula r to their employers, claiming an advance of 6d.
per day' wages, as the shipwrights have 65., and they
stated that the ship joiners have always been paid 6d.
per day less than the shipwrights, the claim being
grounded on the fact that the shipwrights have recently
had t'heir wages advanced from ss. 6d. 'to 65.- per day,
in cm 'sequence of the briskness of their business, aris-
ing flo 'ora the enaigTation to Australia.—Liverpoot Cow
ritr,