The Sun.
London, England, 1853-04-07 00:00:00

MONEY AND co Ar RCIAL NE147,5.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday
were estimated at 8,000 bales, of which 2,000
American were taken for export and on specula-
tion, with a firm and steady market. The sales
comprised 7,000 American, 240 Pernam and
Maranham, at 6d. to 7d. ; 80 Bahia, at 6d. ;
200 Egyptian, at 60. to ls. ld. ; 200 Surat, at
3d. to 4d. ; and 100 South Sea Islands, at Is. 9d.
to 2s. 2d. per lb. Railway shares were very dull.
The six weeks' average price of wheat is 455. 2d.
per quarter.

- It is reported that a treaty has been concluded
between England and Egypt for facilitating the
transit of goods en route to India, and otherwise of
a very favourable character.

Further information, of a character which may
be considered official, has been received concerning
the intentions of the Chancellor of the Exchequer,
and the matter as it now stands assumes rather a
different complexion. The saving to the country
would appear, upon analysis, to be about f per
cent., and this is, no doubt, quite as much as
Mr. Gladstone could venture upon at once.
The amount involved is so very moderate,
30,0001., that it may be considered as being
merely the preliminary to a future and larger ope-
ration. Most parties consider that, properly brought
forward, there can be no doubt of the success
of the scheme, and it Is seldom that we have
seen anything of the kind more popular, consider-
ing that various questions are affected in an injuri-
ous manner, and consequently that there would
very naturally be some opposition. With regard
to the stock held by trustees and corporations, there
may be no voluntary contribution, because it re-
mains invested for a very long period ; but bankers
and others who might calculate upon having their
money idle for a month or two will probably re-
ceive the new debentures with alacrity.
The English Funds have been particularly buoy-
ant, and an extensive business has been transacted.
The Ministerial project is exercising thus far an
important influence. Consols have been 1001 to
for Transfer, and 100 to nu for Account. The
New Three-and-a-Quarter per Cents, have been
103 to and the Three per Cents 99i to 100*.
Exchequer Bills of March are 6s. to 10s., and India
Bonds 435. to 48s. premium. India Stock is firm
at 262. The bears being out so largely is perhaps
a main cause of the immediate rally.
Foreign Stocks have been rather largely dealt
in. The news just received from Turkey is very
favourable, the Russian Minister having had a
more favourable understanding with the Porte, and
the army of the Czar being ordered to retrograde.
The firman relative to the establishment of the
new bank had been published, and already a Turk-
ish functionary had left Constantinople for Paris
with a mission relative to the indemnity on
the loan. There have been no bargains in
the scrip this morning. Greek Bonds are
still in demand, and have been done at 94
and 9i ; the Deferred Stock is 111 Equa-
dor is worth 6. Brazilian 41 per Cents. have
been quoted 981 to 99. Mexican Bonds are the
same as yesterday, being 27f Peruvian Scrip
has risen to 41 pm. Spanish Certificates are steady,
at 8 per Cent. ; and the New Deferred Bonds
realise 241 and 25. Dutch 4 per Cents. bring
97/ to
The last week's railway receipts ascertained up
to this day, are in round figures as under :

1853. 1852.
Great Western £19,087 £16,784
North Western 48,694 43,246
South Western 10,940 9,680
Brighton 10,382 9,755
Midland
South Eastern '
Caledonian
Great Northern
Lancashire and Yorkshire
York and North Midland
Newcastle and Berwick 15,077 14,226
A large business has been done in Railway Shares,
and they are all decidedly higher. Caledonian have
advanced 1/., Great Westeml /. to 21., North-Western
11. 10s., to 2/., South-Western 1/., Midland 1/. to
21., North British 1/., and Oxford, and Wolver-
hampton 21. South-Eastern are up 21., York and
North Midland 2/. to 31. All the others are pro.
portionally higher. French Shares are all better,
the advance in Lyons being I to -I, and in Stras-
bourg 1,

Gold Mine Shares are rather duller, but gene-
rally firm.

The Land Companies have been at rather fuller
rates, and British American especially are in de-
mand, at a rise of 1/. to 2/.

In the shares of the Australian Banks there is
very little doing, and the Chartered Bank of India,
Australia, and China, have rallied to 11 premium,
in consequence of the statement that they did not
receive the letter sent to some of the other banks,
referring them to the colony for a charter ; conse-
quently it is presumed that they will obtain one
from the Home Government.

BRITISH FUNDS THIS DAY.
(ITrem, the Official List.)
Business done.
3 per Cent. Reduced Annuities... ...... lOO 4 991
3 per Cent. Consols Annuities
3 per Cent. Consols Annuities, 1726
New 34 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 6
India Stock
India Bonds, £lOOO —
Ditto, under £lOOO 43 8
Consols for Account
Exchequer Bills, Ikd. June. March.
£l000
£5OO 6 10 6 10
Small . 6lO 610

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
x d
Ditto New, 1852, 4i per Cent 9Bi 9
Danish Bonds, 5 per Cent.
Equador Bonds 6
Grenada Bonds, Deferred,
Greek ex over-due Coupons
Mexican 3 per Cent 27i
Ditto Account April 15, 274 84 74
Peruvian Bonds, 1849, 44 per Cent.
Peruvian Scrip ,
Ditto Deferred, 3 per Cent
Russian Bonds, 5 per Cent.
Sardinian Bonds, 5 per Cent. 97a
Spanish Bonds, 3 per Cent .............. 4Bg
Spanish New Deferred, 3 per Cent 24i 5
Spanish Committee Cert. of Coup. not fun 82 i:1 p c
Swedish Loan l4 d
Venezuela Bonds 3 per Ceut.
Dutch Exchange 2i per Ceut 66 a
Ditto 4 per Cent. Certificates...
THREE O'CLOCK.
Consols 3ooi
Ditto April Account

THE MADIAIS.—The King of Prussia has offered the
Madiais an asylum in his country, but it is thought that
they will prefer proceeding to England.
BANK OF ENGLAND.—A court of proprietors of the
Bank of England was held yesterday, at the Bank, for
the election of 24 directors for the ensuing year, when
the following gentlemen (forming the house list) were
duly elected :—Henry Hulse Barens, A. E. Campbell,
E. E. Chapman, Robert Wigram Crawford, William
Cotton, Bonamy Dobree, Benjamin Buck Greene,
Charles Pascoe Grenfell, Henry Hucks Gibbs (new
director), Thomson Mulkey, jun., John Oliver Hanson,
J. B. Heath, Kirkman D. Hodgson, Henry L. Holland,
Thomas Newman Hunt, A. Latham, James Malcolmson,
James Morris, Sheffield Neave, G. Warde Norman,
John Horsley Palmer, Henry 3'. P. Prescott, Alderman
William Thompson, and Thomas Tooke, jun., Esqs.
DIVIDEND DAY AT THE BANK OF ENGLAND AND SOUTH-
SEA HOUSE.—Notice was issued yesterday at the above
monetary establishments, that the April dividends will
be in course of payment to the public on and after to-
morrow morning, the Bth inst. ; and that the transfer
books at the Bank of England, &c., for the following
annuities, duo the sth inst., will be opened on theun-
dermentioned dates, viz.:—Bank Stock, Reduced Three
per Cent. Annuities, Long Annuities, and Annuities for
Terms of Years, on Friday, the 15th inst. ; and Three-
iso
and-a-Quarter per Cent. Annuities, on Tuesday,the 19th
inst. At South-Sea House the transfer hooks
n South-
Sea Stock will be the h
5 opened en Friday,h inst.
FOREIGN RATES OF EXCHANGE. The Bourse at Paris
is dull without any assigned cause beyond
tion of a great number of new schemes tieing
the anticipad-
upon the market. Gold continues to g introduced
Lon-
don, but in very small quantities,
ar.nve. from
as its importation
scarcely leaves the slightest profit. The St. Petersburgh
advices mention that the rags
more favourable for this ccn of exchangetat wereion again
nt ry,. the q bein
381 d. The opening ofthe navigation was expected to be late, owing to a continuance of cold weather.