The Sun.
London, England, 1853-04-09 00:00:00

THE SUN, LONDON, SATURDAY EVENING, APRIL 9, 1853.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, including 2,000 for export
and on speculation. The market closed tamely.
Railway shares were tolerably firm.
The process of the quarterly payments had com-
menced last week, as far as salaries are concerned,
sufficiently to affect the Bank of England returns.
The bullion, consequently, was slightly diminished
up to the 2d inst., and there was a reduction of
public deposits. The discounts and loans were
larger, from which it may be concluded that money
was still in demand. Compared with the previous
week, the changes are as follows :

£22,387,170
593,475
19,007,449
115,547
3,635,929
5,291
8,234,115
234,643
12,690,203
31,579
1,356,690
5,582
No alteration
16,385,120
453,673
10,182,860
607,450

Active circulation
Increase
Bullion
Decrease
Rest
Increase
Public Deposits :
Decrease
Other deposits
Increase
Seven-day and other Bills
Increase
Government securities
Other securities
Increase
Notes unemployed
Decrease

Bills of Exchange were taken yesterday after-
noon at rather lower rates in some instances upon
the chief Continental cities. Ninety days paper
twoasB noeng
Trieste,
tiiaetsetdo, aatn2d512205
ttoo 30ono nFPraan.nkfs
ortll. 182- to
19 on Amsterdam, 13 t 8 H
The amendments mad'. e boy theon Chaaninceurllogrho'fiithse
Exchequer in his proposals for a partial conversion
f
ir
gcession
t ex-
clusivehe m
staodpicet
itoodiscussionc i ino then i n regardCity, andt
o
n
of the National Debt have formed the almost r
thees t
joent
capital gives satisfaction ;
still there are few who do not consider that the
proposition to give 1101. of New Two-and-a-Half
per Cent. Stock would not be better omitted entirely,
since it is admitted that it could not with advan-
tage be carried far, and therefore, if success-
ful on a small scale,- would not justify a
larger operation of the same class. Moreover,
there is every reason to believe that the conversion
into a New Three-and-a-Half per Cent Stock, and
into Exchequer Bonds, would be quite sufficient to
induce holders of the Threes to come forward if
they had no other alternative, whereas now the
Two-and-a-Half per Cents. will be preferred to the
Three-and-a-Half, and, except by bankers and
capitalists, even to Exchequer Bonds. We are
among those who think that either by lottery,
drawing, or some other plan, some 50 or 100
millions of Three per Cent. Debt might be an-
nnually, or at least periodically, converted, admit-
ting all the difficulty resulting from the obligation
to give 12 months' notice, because if the Money
Market proved inauspicious, there would be no
occasion to act upon the authority which Parlia-
ment might give ; and it really seems parting with
an excellent future chance to bind the country,
for 40 years, to give a fixed rate. Ere then, Con-
sols may be 120 or 130, and the current rate of
interest only Ito 2 per cent. The inutility of re-
placing Exchequer Bills that circulate at 1 per
cent. for Bonds at 21 is likewise part of the scheme
much canvassed, and which, it is hoped, will be
modified. To replace Stock the Bonds would be
highly popular, and it is the general opinion that
50 millions sterling would find immediate takers.
The amount of the precious metals exported from
London direct during the week to Thursday last
was 20,0001., and 22,300 ounces of gold and
10,000 ounces of silver. Of the gold 20,0001. went
to Sydney. The rest was for the Continent.
The funds have been firmer, and there is a good
business doing. Consols have been quoted 1001 to
100/ for transer, and 1001. to / for account. The
New 31- per Cents. have realised 103,1 1, and the 3
per Cents., 991 to par. Bank Stock has been
supported at 225. East India Bonds are 485., and
Exchequer Bills have sunk to par, in consequence
of the belief that the bonds will have a preference.
Foreign Stocks have been quiter. Portuguese
Four per Cents. bring 413 i to 41. Mexican are 271
to 28,
Bi,beiTnfigefiTrumr.kishNLotehiallifs
ahtas2. en a
pm.
Railway Shares are not much dealt in, b
re-
main about the same. The French linesaroeDnuedt cuulltinh
Stock is supported.
dull.
Gold
Theo ld
,Mainn
de Shares
Companies' are
Sharest h e rather w
have
eak.
been sup-
ported.
The Australian Banks are heavy.

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

. _
- Evilness done.
Bank Stock
3 per Cent. Reduced Annuities........, 991 i 100
3 per Ceut. Consols Annuities
New 34 per Cent. Annuities... .....
Long Annuities, Expire sth Jan., 1860 6
Ditto 30 Years, Expire sth Jan., 1860 -6 13-16
India Ponds, £lOOO 4B
Ditto, under .V,lOOO 47 1
Consols for Account
Exchequer Bills, 14d. June. March.
£l000
£5OO — 7
Small 1 p par 2
PRICE OF FOREIGN FUNDS THIS DAY.

Brazilian Bonds, 5 per Cent. - x d
Ditto 5 per Cent. (Rothchild's) 100;
Ditto New Bonds, 1829 & 39, 5 per Cent lo2j
Buenos Ayres Bonds, 6 per Cent 6O
Mexican 3 per Cent.
Ditto Account April 15, 2B 7i
Peruvian Deferred 3 per Cent 64
Portuguese 4 per Cent. —
Ditto for the Account 4l 40i
Swedish Loan d
Turkish Loan, 6 per Cent., 1852 '4 p
Belgian Bonds, VI per Cent. Ex. 25fr l6O
Dutch Exchange gi per Cent 6G •
Ditto 4 per Cent. Certificates...

TWO O'CLOCK.
Consols
Ditto April Account