The Sun.
London, England, 1853-09-01 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday Wir3
estimated at 7,000 bales, of which 2,000 American
were taken for export and on speculation. The
market closed steady, at previous rates. The sales
comprised 6,000 American, 150 Pernam and Ma-
ranham, at 61d. to 9d. ; 400 Egyptian, at 6±d.
to ls. ; 500 Surat, at 3d. to 4id.; and 30 Sea
Islands at 2s. to 2s. 4d. per lb. Railway Shares
were inactive, at rather lower prices.
The business done in Mincing-lane is still on a
large scale, but almost entirely for consumption.
The private accounts by the steamer Magdalena,
from the West India Islands are not of much in-
terest, and add no particulars of importance to the
news in the papers, while the intelligence from the
Pacific States reached two days since, via New
York. There are over a million of dollars on
board.
Files of Bahama papers, to Aug. 2, have reached
us. The Royal Gazette and Grand Turks Island
Journal publish a schedule of the public revenues
of Turks and Caicos Islands for the quarter ending
upon June 30, which contrasted favourably with
the amounts of a similar one for the corresponding
quarter of 1852. The export duty on salt had been
reduced from one halfpenny to one farthing per
bushel since the Ist of January last. One hundred
and eighty one thousand three hundred and eighty-
four bushels of the article had been exported in the
last six months, showing a great increase of trade.
Much sickness prevailed at the Caicos Islands in
the middle of July and many deaths had taken
place. The epidemic was a peculiar kind of fever,
which has become almost indigenous to the country
at that period of the year, and was rendered more
severe this season, owing to continued heavy rains.
The rumour generally current yesterday after-
noon, when a sale of 60,0001. stock was made for
the Savings Banks, that the minimum rate of dis-
count, at the Bank of England, would this day be
advanced, has been confirmed, and from the early
hour at which the decision was announced, it is
evident that the step has been taken without much
hesitation. The charge is now 4 per cent., or
more than for years past, and it will require a con-
tinuance of active trade and good profits to
enable the bank to maintain this. We will not say
that even 4 per cent. is a rate particularly onerous,
and if it has the effect of further impeding the in-
troduction of foreign loans and companies, it will
have done good rather than harm. As to the im-
mediate necessity of this measure, it must be deter-
mined in part by what has occurred within the
last few days, as well as by the information which
the bank may possess of what is intended. The
particulars given from time to time under this head
will have shown that the specie drain is not ar-
rested, and the fact that at the Paris Mint 71 days
are now required for the coinage of gold there de-
posited, and that nearly 3,000,0001. are supposed
to be waiting the process, is sufficient to prove
that the efflux has continued. Another circum-
stance of importance is the pressure at New York,
which is calculated to check at least the free dis-
charge of debts due in Europe, and to occasion a
postponement of remittances. Whether it would
act so potently as to attract specie from England,
the rate of interest at New York being up to 1
per cent. per month in special cases, remains to be
seen, but it is probable the pressure at New York
will subside, especially if cotton can be quickly sent
forward, a delay having occurred through yellow
fever at New Orleans. The existing charge of
4 per cent., unless we have very bad weather until
the completion of harvest, or renewed political
complications, will probably remain unaltered for
some time, and it is very desirable, if possible, that
it should be so, since frequent changes unhinge
every department of business. One effect of the
rise will be to interfere with corn speculations, and
to favour an improvement in the foreign ex-
changes, all other things remaining the same.
The value of Consols fell rather suddenly before
the close of the business yesterday from 98 to
97 f, upon the rumour that the Bank would to-
day enhance its rate of discount, and the sale of
Stock above-mentioned proved very effective at
the moment. Consols opened this morning as
they had closed last evening, viz., at 97i but
they have since been done at 97i f. The New
Three-and-a-Quarter per Cents. were quoted 1001
to 1001, and the 3 per Cents. at 98i- 1. Exchequer
Bills have been at 2s. discount to ls. premium,
and India Bonds at 18s. premium. East India
Stock has been quoted 256. Bank Stock has
fallen Q to 1 per cent., being 227 to 228.
The Foreign Market has been a shade worse in
some respects, but with no large transactions.
Mexican Bonds have been quoted 26R, and Bra-
zilian 41 per Cents. 99. Spanish Deferred Bonds
have been marked 231, and the 3 per Cents. 47g.
Portuguese 4 per Cents. have been at 41/. Sar-
dinian have receded to 96. In Russian and Dutch
there have been no transactions. Peruvian ex-
dividend are equal to 84f to 851 with the interest.
Railway Shares have declined to 1 per cent.
taking the principal English lines. Great Northern
are quoted ex diyidend. Eastern Counties are
firm. French Shares are lower ; the Northern
about 55., and the Lyons ss. to 7s. 6d. per share.
Geld Mine Shares are merely nominal, and the
Joint-stock Banks are all cheaper. The Oriental
are down 1/. to 21., the -Union of Australia 11.,
and the Australasia 1/. 10s. The Land Companies
Shares are a shade lower. Berlin Waterworks are
at par.
The last week's railway receipts, ascertained up
,o this day, are in round figures as under
1853. 1852.
£23,027 £18,968
58,459 53,374

Great Western
North Western
South Western
Brighton
Midland
South Eastern
Great Northern
Lancashire and Yorkshire
York and North Midland, Newcastle
and Berwick, and Leeds Northern 30,366
Caledonian and Edin . and Glasgow 17,193

14,839 14,094
14,679 13,338
27,029 25,027
22,032 19,173
18,192 14,288
22,204 20,947

29,025
13,797

BRITISH FUNDS THIS DAY.
(From, the Official List.)
Business done.
Bank Stock .... ................. ....... ..... 227i 8 '7
per Cent. Reduced Annuities 9Bi i i
3 per Cent. Consols Annuities 97k g i i
New 31 per Cent. Annuities lOOl 1 10011 i
bong Annuities, Expire sth Jan., 1860 , si 15-16
India Stock 256 5
India Bonds, £lOOO .......
South Sea Stock
,:onsols for Account Bth September 97i 8
Exchequer Bills, ld.
£IOOO
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 4i per Cent 99 x d
Grenada Bonds, Deferred
Mexican 3 per Cent.
Ditto for the Account 26i
Portuguese Bonds, 4 per Cent
Ditto Ex all over-due Coupons 4li
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent 47i
Spanish New Deferred, 3 per Cent. 231 3
THREE O'CLOCK.
97i i
976 i

Consols
Ditto September Account

MARKET NEWS-(THIS DAY.)

GENERAL AVERAGE PRICES OF BRITISH CORN

For the Week ended Sept. 1, 1853, male up from the Returns of ti,e
Inspectors in the different Cities and Towns in England and ale
per Imperial Quarter.

WHEAT. I 1
BARLEY. OATS. I RTE. BEANS. PEAS.
48s 6a 29s 6d I 218 6d I 33s 8d I 4ls hi 36s 6d
THE SIX WEEKS' AVERAGE.

WHEAT. I BARLEY. I OATS. I RYE. I BEANS. 1 PEAS.
51s 10d 29s 7d 22s Od 35s 4d 40s 9d 368 6d

DUTIES ON FOREIGN CORN.
WUEAT. I BARLEY. I OATS. I RYE. I BEANS. PEAS.
IS Od is Od I Is Od is Od is Od Is Od

QUANTITIES OF GRAIN SOLD LAST WEEK

Wheat, 74,172 ; Barley, 1,694: Oats, 8,137; Rye, 223 ; Beans
2,222: Peas. 713 quarters,
HAY MARKETS.
_ _

SMITHFIELD.—OId meadow hay, 4/ Os to 5/ 5s ;
new ditto, 2/ lOs to 41 Os ; old clover, 5/ Os to 6/ Os ; new
ditto, 3/ 10s to 4/ 15s ; and straw, 1/ 80 toll 16s per load.
Supply moderate, and trade dull.
CIIMBERLAND.—OId meadow hay, 4/ 4s to 5l 8s Od ' •
new ditto, 2/ lOs to 4/ Os ; old clover, 5/ Os to 6/ Os ; new
ditto, 3/ lOs to 41 15s ; and straw, 1/ 8s to 1/ 16s per load.
A full average supply, and a sluggish demand.
WHITEcHAPEL.—OId meadow hay, 4/ Os to 5/ ss;
new ditto, 2/ lOs to 4/ Os ; old clover, 5/ Os to 6/ Os ; new
ditto, 3/ 10s to 5/ Os ; and straw, 1/ 78 to 1/ 15s per load.
Trade rather dull.
MEAT MARKETS

NEWGATE AND LEADENHALL.—The demand for each
kind of meat wag firm to-day, at full quotations :—Beef
from 2s 10d to 4s Od ; Mutton, 3s 10d to N Od •; Lamb,
4s 8d to 5s 8d ; Veal, 3s 10d to 4s 10d ; Pork, 3s 4d to
4s 4d per 81bs, by the carcase.
SOUTHALL, AUG. 31.—The supplies of each kind of
meat being very moderate at to-day's market, the general
demand ruled steady, at the following quotations :
Beef, from 3s Od to 45 2d ; Mutton, 3s 6d to 5s 2d ;
Lamb, 4s 6d to 5s 8d ; Veal, 3s 8d to 4s 8d ; Pork,
3s Od to 4s Od per 81bs, to sink the offal.
ROMFORD, AuG. 31.—The general demand was rather
active, and prices were rather on the advance, as fol-
lows :—Beef, 35 Od to 4s 4d • Mutton, 4s Od to 5s 2d ;
Lamb, 4s 10d to 5s 8d ; 4s Od to 4s 10d ; Pork,
3s Od to 4s 2d per 81bs. Quarter old store pigs, 20s to
24s each.

SOUTHAMPTON, Wednesday, August 31.--The screw
steamer Augusta, Captain Driver, arrived here last
night from Denis, with the first cargo of new raisins
this season, consisting of 2,872 boxes and 1,210 half-
boxes, or about 100 tons. This vessel commenced dis-
charging in the docks this morning at six o'clock, and
in less than two hours and a-half the whole cargo was
landed and a portion sent up by the nine o'clock train
to London, to be delivered in the market shortly after
noon.