The Sun.
London, England, 1853-03-04 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, including 1,500 American

taken for expOrt. The market closed tamely. The
sales comprised 5,250 American, 250 Pernam and
Maranham at 6Rd. to 6d., 200 Egyptian at 6d. to
71d.' and 300 Surat at 4d. to 4i-d. per lb. Rail-
way Shares were flat. _

In the produce markets this week, both Coffee
and Sugar have had an improving tendency, with
more doing. Tea has been rather quiet, and not
much has been done in Spices. Rice has been well
supported. Cotton has gone rather lower, and
Tallow has been steady..
_ _ _

Of the Silk Market, Mr. H. W. Eaton reports
as follows :

"In Chinas, notwithstanding the increased stocks, a
large business has been done during the last month, at
least 4,000 bales having been taken by the trade, say
Tsatlees from 15s. 6d. to 195., Taysaams from 14s to 16s.
The deliveries, it will also be seen, are in excess of any
previous month. The advices received from China this
morning, state that the remaining stocks of Tsatlee Silk
had been sold at an advance, both in price and the ex-
change, and that Taysaam had become extremely scarce.
In Bengal Silk there is no alteration."
In summing up matters connected with the
Stock and Share Markets, Messrs. Lamond and
Co. remark :

"The railway meetings, which have now been in
active progress from the beginning of last month, have
exercised a favourable influence upon share operations.
The depression occasioned by the previous reports of
diminished dividends, damage to works from the floods
and rain, and the increased rate of wages, has given
place to a revival of confidence, which, though barely
sufficient to impart buoyancy to prices, has at
least tended to their increased firmness. Within the
last day or two, this has been especially the case ;
and at the conclusion of the late account there was a
greater scarcity of stock than has been the case for
some time past. The unfavourable state of the wea-
ther, and the ineffectual attempts to arrange differences
between the Great Western and the London and
North Western Companies, are circumstances which
have been against a healthy tone of business ; but, after
all, the shares have recovered in a sensible degree, not-
withstanding the respective dividends are not more than
4 and 5 per cent. This question of dividends is inva-
riably looked at with great concern by those interested
in these securities, but these, no doubt, have been con-
siderably affected, the last half-year, by the large
amounts paid for compensation in the shape of casualties,
and also by the law expenses incurred for resisting coin-
petitive branches, &c. ; but, admitting this to be so,
other important points exhibit 'themselves, the effect of
which will, before long, be felt with greater weight than
immediately—viz., the saving of interest on bonded and
debenture debts, and the future prospects of management
as derived from the experience of the past. Such auxi-
liary causes as these must tend eventually to increase the
value of railway property."
From the annual return of the commerce and
navigation of the United States, we find that during
the past year 1,444 vessels were built measuring
351,494 tons, and that the tonnage in the United
States now amounts in the aggregate to 4,138,441
tons. In Maine 354 vessels, measuring 110,047
tons, were built last year.
The success of the efforts made to reclaim land,
may not be so generally known as it deserves, but
it is susceptible of proof that in England, few in-
vestments of capital have yielded a handsome re-
turn to landowners where the operations have been
judiciously and scientifically carried out. The
Netherlands Land Company is silently but
rapidly achieving the objects contemplated when it
was founded, as the following extracts from the last
report of Sir John Rennie, their engineer will
show :

" The first polder, containing about 1,500 acres Eng-
lish, has now being gained, and will be ready for culti-
vation during the ensuing season. The work has been
attended with unusual difficulties, on account of the late.
period when it commenced—the unfortunate temporary
embarrassment of the contractors, which caused above
a month's delay at the most critical period—and the ex-
traordinary unfavourable season, which consisted of an
almost uninterrupted succession of violent gales and high
tides, even since the beginning of August last. The
works for the second polder, which will contain .about
2,500 acres, will be resumed early in April next, after
the winter is over ; and I have no doubt but that they
will be completed during the summer, so as to
admit of the land being sown in August next.
The cost of the two 'polders, containing about 4,000
English acres, will be nearly 150,0001. This amount,
for the reasons above given, forms no criterion of the
cost of the remainder, which will be very much less.
The alluvial deposit, as I anticipated, increases in pro-
portion as the works advance, and, in some places, a
depth of from 6 to 9 feet has already accumulated on the
outside of the embankments. The canal has been com-
menced, but has been much retarded on account of the
embarrassment of the contractors ; a new contract has,
however, now been entered into with highly respectable
and responsible parties, so that I have no doubt it will
be completed within the time required. The position of
the company is very encouraging, and I feel confident
that the prospects held out in my report of April last will
be realised."
The Stock Market has been made rather flat
upon the speech last evening by Lord John Russell
concerning the Turkish question. It is impossible
to conceive, nevertheless, how any other tone could
have been adopted, for every one is aware of our
traditional policy in supporting the Ottoman Em-
pire against Russian encroachment. It is in truth
a very satisfactory declaration that Austria is con-
tent to take the same view as ourselves, and also
France. Consols have been 99i to I for transfer,
and 99t to for account. Bank Stock has been
firm at 227. Exchequer Bills are 13s. to 18s., and
India Bonds 435. premium.
Foreign Stocks are very buoyant. The Peruvian
New Loan has been done at 5 and 5i premium.
The applications for allotments are said to have
been unprecedented, a 4i per Cent. Stock at 85,
with the guarantee of the guaito proceeds, being
exceedingly cheap, looking at the price of the
Brazilian 44 per Cent. loan contracted last year,
and quoted this day 97i to 98. Equador Bonds
have been done at si. This seems a favou-
rite stock just now, probably on account
of the intended surveying expedition. Mexi-
can have improved 25 to 25k, but it is diffi-
cult to state precisely on what ground. The
Greek Bonds are nominally 6 to 71, but there are
very few to be obtained. Belgian and Dutch
Stocks are active. Spanish New Deferred bring
24k to , and Portuguese 4 per Cents. 39.
Gold Mine Shares opened flat, but are now im-
proving.
The Land Company's Shares have risen a little.
The Joint Stock Bank Shares have been all in
demand. _

Railway Shares have been heavier, but with
little doing.

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

Business done.
Bank Stock
3 per Cent. Reduced Annuities lOO4 s g
3 per Cont. Consols Annuities
Now 34 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 -16 7-16
India Bonds, £lOOO 43 7
Consols for Account 10th March 993
Exchequer Bills 1
£lOOO. .
£5OO l3 18
Small l3 18
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
Ditto New, 1852, 43 per Cent 9B 7i
Milian Bonds, 3 per Cent
Equador Bonds si
Grenada Bonds, Deferred,

Greek ox over-duo Coupons ( 6}
Mexican 3 per Cent • 25 i 5 a
Peruvian 6 per Cent.
Peruvian Deferred 3 per Cent 64a
Portuguese 4 per Cent. 39
Russian Bonds, 5 per Cent.
Ditto, 41 per cent lO3l
Sardinian Bonds, 5 per Cent. .. . ... 951 6}
Sp mish Bonds, 3 per Cent 4B Is
Spanish New Deferred, 3 per Cent 24a,-.1
Spanish Passive (Converted) sgt
Spanish Committee Cert. of Coup. not fun 7446 i Pe
Turkish Loan, 6 per Cent., 1852. li 11 P
Venezuela Bonds 3i per Cent.
Belgian Bonds, 41 per Cent. Ex. 25fr. . 991 9
Dutch Exchange 21 per Cent 66a I •
Ditto 4 per Cent. Certificates......... .
THREE O'CLOCK.

Consols
Ditto March Account 99?)

AN INNOCENT MAN PARDONED. Strange as this
heading may seem it is nevertheless true, and the case
to which we are about to refer affords another instance
of the necessity for new trials in criminal cases. At one
of the summer sessions of the Central Criminal Court
last year, a young man named Henry Harrison, respect-
ably connected, was convicted for falsely charging a
tradesman, named Anderson Massey, with a serious
misdemeanor as he was returning home late at night
along Oxford-street, and sentenced by Mr. Justice Tal-
fourd to ten years' transportation. Harrison has just
received a free pardon, and he immediately left Leicester
Gaol (whither he had been sent about three months ago
with other convicts), and started by train to join his
friends in London. Mr. Massey was formerly a trades-
man at Stamford, in Lincolnshire, and it is said that
Harrison's liberation is chiefly owing to investigation
made in that town by order of the Home-office. The
result of the inquiry satisfied the authorities that the un-
fortunate young man was thoroughly innocent of the
charge which had been made against him, and of which
he had been erroneously found guilty. Of course an
that the Home-office could do was to order his immedi-
ate liberation ; but besides the annoyance and shame
which this accusation had brought upon the young
man's friends, they were put to considerable expense in
establishing its injustice.
GOLD.—The Roxburgh Castle, nowin the East India
Docks, has brought over a splendid sample of gold. A
large quantity has been delivered to Messrs. E. Moses
and Son, who have now in their window, in Aldgate,
portion of it, in "nuggets" of various sizes ; one is sup-
posed to be worth nearly 2001.