The Sun.
London, England, 1853-03-01 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales. The market was heavy,
without alteration in prices. The sales comprised
4,600 American, 400 Egyptian at 6d. to Bd., and
10 Sea Island at is. 9d. to 2s. sd. per lb. Railway
Shares were rather firmer.

The following report upon the Manchester mar-
ket is furnished by Messrs. M'Nair, Greenhow, and
Irving :

" Increased and increasing activity and energy con-
tinue to be the attributes of nearly all the manufacturing
interests of the country, accompanied and sustained by
a conviction of almost universal prevalence, that what-
ever may arise in future to impede the course of steady
or progressive improvement, every individual, so far,
has only tended to confirm the general belief that
the progress of these various interests have been
founded on and carried out upon a legitimate
basis. Here, however, in this market, during the
last fourteen days a comparative suspension of
operations may be said to have taken place unless
for immediate wants, arising from the large tran-
sactions entered into during the previous months, the
somewhat less favourable bi-monthly accounts from
India, and the gradually declining state of the cotton
market, which have, collectively, induced much
greater caution among buyers. At the date of
our last monthly circular, this market was ex-
ceedingly active and buoyant, but the advices re-
ceived by the American steamer, in reference to
cotton, having induced spinners and manufacturers to
demand higher rates, an immediate check was given
which gradually lessened the action of operating parties
until the period referred to—viz., the 15th, sincer•which,
matters have stood as indicated. From previously exist-
ing contracts, in both goods and yarns, the deliveries,
aided materially, notwithstanding by what we may rea-
sonably, under the' circumstances, term considerable
purchases, have been of great magnitude."
Stocks are rather firm this morning with more
business doing for transfer. The settlement of the
differences between Turkey and Austria has had a
decided effect as far as strengthening confidence,
and the large arrivals from Australia are neces-
sarily influencing the public mind. Consols have
been 99i to for transfer, and 99 ft for account.
The New 3k per Cents. have realised 1031 to
Bank Stock is at 227 to 227 g. South Sea Stock
has been done at 110. Exchequer Bills are 14s. to
18s. premium, except for those advertised, which
realise only Ss. to 6s. premium. East India Bonds
are at 40s. premium.
In the Foreign Market there is little doing. The
probability of a new Spanish Loan being contracted,-'
and of the certificate being taken in part payment,
has caused these to rise to 6/ and 7i. Mexican
Bonds have been firm at 24g Brazilian Old
Five per Cents. have realised 103, and Venezuela
Deferred 161-. There have been bargains in Dutch
per Cents. at 66, in Austrian at 97i for the
Eve per Cents., and in Sardinian at 95i. .
The Railway Market is more buoyant and with
increased transactions higher prices have been
realised for one or two lines. The general business,
however, is not large. Caledonian, Great Western,
Midland South Wales, and York, and North
Midland have been in most request. French
shares are dull, but have risen.
The shares of the Australian Gold Mines have
been at full prices, but a further rise cannot be
generally quoted.
The Land Companies shares are looking up. As
regards some of them, it is astonishing that the
improvement is not far greater, the South Am-
tralian, for example, land being in universal de-
mand in the colonies at most exorbitant values.
Thus property, which a few years since was sold
for 1,0001., has had 48,0001. offered and refused for
it. For lands two miles out of Melbourne, 41. per
foot frontage, with a depth of 100 feet, has been
refused.

The Joint Stock Bank shares have risen again,
especially the Bank of Australasia.
The directors of the English and Australian
Copper Company have received advices from their
agent at Melbourne, with a remittance of 500 oz.
of gold dust per the Roxburg Castle.

BRITISH FUNDS THIS DAY.
(From. the Official List.)
Business aone,
Bank Stock
3 per Cent. Reduced Annuities looa a
3 per Cent. Consols Annuities
New 31 per Cent. Annuities... lO3 gg 6
India Bonds, £lOOO
Ditto, under £lOOO 4O
South Sea Stock

-- -
Consols for Account 10th March 99g I
Exchequer Bills lid.
£lOOO.. • . . l7 18 14
£5OO l7 18 14
Small l7 18 14 12
Ditto Advertised 6 5 10 5
PRICE OF FOREIGN FUNDS THIS DAY.
Austrian Bonds, 5 per Cent.
Brazilian Bonds, 5 per Cent. ,.. 103
Danish 3 per Cent.
Ditto 5 per Cent lO4l 4 x d
Grenada Bonds, Deferred,
Mexican 3 per Cent
Peruvian 6 per Cont.
Peruvian Deferred 3 per Cent 633
Russian Bonds, 5 per Cent.
Sardinian Bonds,•s per Cent. ..... ....... - di
Spanish Now Deferred, 3 per Cent 23t3) i
Spanish Committee Cert. of Coup, not fuu 64 7. p c
Turkish Loan, 6 per Cent., 1852
Venezuela Bonds 3i per Cent.
Ditto Deterred, 1 per Cent . 16i
Belgian Bonds, 4:11 per Cent. Ex. 25fr 99 8i
Dutch Exchange 2i per Ceut 66i
Ditto 4 per Cent. Certificates..._.....
THREE O'CLOCK.
Consols . 99.
Ditto March Account 99