The Sun.
London, England, 1853-10-21 00:00:00

MONEY MARKET

AND
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, of which 1,000 American
were taken for export,. The market was quiet, but
closed firmly, at previous rates. The sales com-
prised 4,500 American, 250 Pernam and Maran-
ham at 61d. to 7id., 150 Bahia at 6id.., 100 Egyp-
tian at 5.M. to 9d., 1,000 Surat at 3d. to 41d.
per lb. Railway Shares wee dull with a down-
ward tendency.
In the colonial and foreign produce markets this
week less business has been doing, and prices are
in some instances rather lower. folders are in-
clined to realise in order to obtain the requisite
funds for business purposes. Sugar, coffee, and
spices have been quieter. Tea, howev,9r, has been
in more request, and at advanced rates, compared
with a week or ten days since. Tallow has been
more dealt in during the last two days. The in-
digo auctions have been brought to a close and have
gone off rather flatly.
The colonial wool sales are going off heavily, at
a decline of 1.12 d. to 2d. per lb., and of the 58,000
bales announced, a good deal will be withdrawn.
The following is the report of Messrs. C. Jacomb
and Sons :
"We beg to advise you that prior to the opening of
our colonial wool sales this evening, it was announced
that in all probability at least 10,000 of the 58,000 bales
arrived in time for sale would not be brought forward.
The attendance of buyers, both manufacturers and
dealers, has been very considerable, but prices have been
very irregular and. biddings extremely languid, with great
indisposition to operate, except at a decline varying from
ld. to 21d. per lb., averaging about 2d. as compare 4
with August rates.
" The quantities arrived in time for sale consist of
about 19,200 bales Australian, 26,000 Victoria, 6,000
Tasmania, 4,600 Adelaide, 1,900 New Zealand and Swan
River, 5,600 Cape, making a total of 57,900 bales."
Mr. H. W. Eaton states that at the public sales
of silk, just concluded—
" The attendance has been moderate throughout, with
but little disposition to purchase, arising more from the
unsettled state of affairs, both political and monetary,
than from anything in the trade itself, which has seldom
been more healthy. About 200 Chinas, chiefly thirds
and fourths, have been taken in the room to-day, at
about ls. per lb. reduction on previous rates, but the
quantity sold altogether during the week, by private
contract, has been smaller than at any former sales.
In Bengals very little has been done, prices remaining
without alteration."
The state of affairs at Melbourne, at the latest
date, may be understood by the following extract
from a letter written by a firm there :
" Merchants are not pressing, but storing goods,
waiting for the opening of the roads. The danger which
we anticipate, however, is this :—The demand for stor-
age will become so excessive that the rates will ascend
to such a pitch as to compel holders to sell sooner than
to incur the ruinous expense. Prices of commodities
will thus be brought to so low a point that the posses-
sors of warehouses will be tempted to buy. To make
room for their intended purchases, they will give notice
to the owners of goods they have in their store to re-
move them. As no other storage can there be found, they
will be forced to sell—the market will thus be pushed
lower. The secret of successful operations here will thus
consist in ascertaining when this forcing process is com-
pleted."
The trade of New Zealand during the past year,
although it has attracted much less attention than
that of Australia, has been healthy and. progressive.
Taking the small settlement of Nelson, including
the rural districts, it appears that the white po-
pulation in 1852 amounted to 2,454 males and
2,133 females, of whom 2,505 were Protestant
Episcopalians. The immigration amounted to
222 persons. The live stock comprised 7,591
horned cattle, 682 horses, 114,773 sheep, 2,058
1 goats, and 2,087 pigs, the total number of dwell-
ings was 869, the number of acres cultivated was
7,228 acres, exclusive of what the natives had under
crop. The shipping arrived amounted to 552 tons,
the revenue was 6,3711., and the expenditure
7,5021. The imports amounted to 22,0381., of
which 11,8081. were from Great Britain, and
10,229/. from the colonies. The exports were
valued at 10,3001., and included dairy and agricul-
tural produce, timber, fish, flax, and wool.
Intelligence has been received, this morning, of
a dreadful shipwreck off Beachey Head. The ves-
sel is the Dalhousie, and was on her way from
London to Sydney. Only one man was. saved, and
as the ship was of large tonnage, there must have
been a great many in her crew. At Plymouth
she was to have received 35 passengers. She had
been recently overhauled. and. repaired, and. it is
supposed. some of the new work gave way, as
she was observed. to sink by a schooner, which,
however, could. not render assistance, although
several men were seen in he water. There are
60,0001. insured. upon her.
The next overland mail from India is expected.
here about the 29th inst.
The English Stock market is very heavy this
morning, but there is not much doing. The poli-
tical intelligence has less influence now than the
state of the money market. Consols have been
91 to 'Bl for transfer and account. The New 31-
per Cents. have realised 92 • The speculators
Ito 1 The
:!
are now looking rather anxiously to the answer
which Russia may give from St. Petersburg to the
demand for the evacuation of the Principalities ;
and -1. per cent. was given yesterday afternoon for
the "put of a large amount, said to be 250,0001.
Consols, on Monday at 91. Bank Stock has been
lower opened at 218, and. been done
since
Exchequer Bills have been worth 2s.
aatg2alills,. having
to 4s. premium. East India Bonds are at par.
Foreign Securities have been weaker in the ab-
sence of large transactions. Russian 41 per Cents.
Spanish 3 per Cents. bring
are 5. Buenos Ayres Bonds
have44be beenbTe
hene doneficrenarCertificates
firmer
fira
et 9t
aat6e sl'
57.
French 4 per Cents.
realise 69 50, with the exchange at 24 95. Dutch
2 per Cents. have been 62k, after having opened
at 63.
The Ave Maria Gold Quartz Mining Company
have received advices that the preparations and
foundations for the Company's heavy machinery
are now completed, and ready for the erection of
the engines, &c. The specimens of Quartz lately
received from the New York Mine have been as-
sayed, and yielded most satisfactory results.
Railway Shares have been exceedingly quiet,
and. at a further slight decline in prices. This ap-
plies to Great Western, South Western, Brighton,
and most others. French shares also are dull.
In the Gold Mine Shares there is continued
heaviness.
The Australian Land. Companies' Shares are
lower, and in less request. The Banks are also
flatter.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Prom. the Official List.)
Business done.
Bank Stock .. ............. ....
3 per Cent. Reduced Annuities.... .......
3 per Cent. Consols Annuities 9l
A
New 31 per Cent. Annuities 921 .4 i A A
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire 10th Oc':,., 1859 -16
India Bonds, £lOOO ...... ...... . ........
Ditto, under £lOOO par
Grmsols for Account
Exchequer Bills, 2d.
£lOOO
2500 2 4 p
Small 2 4 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent 57
Russian Bonds, 1E22 5 poi. Cent. £ St
Ditto 4A per Cent 961
Ditto Small
Spanish Bonds, 3 per Cent 445
Spanish Committee Cert. of Coup. not fun 5 p c
Dividends on the above payable in London.
French Rentes, 4i per Cent.
Dutch Exchange, 2i per Cent. 12 Guil 63 21
Ditto 4 per Cent. Certificates
HALF-PAST TWO.

Consols 9ll /
Ditto October Account 9ll i

GREAT FIRE AT SHAD THAMES.—Last night an alarm-
ing fire broke out in the premises of Mr. John Dudin,
granary keeper and wharfinger. The workpeople had
left soon after six o'clock, and the place was then locked
up ; but the attention of the police being attracted by
an unusual glare on the third floor they sent for the fire-
men and the engines. Before, however, they could
arrive the flames burst through the windows, and in a
very short time they resumed an attitude that seemed
to defy all ordinary means of checking their progress.
In this state of things the brigade sent for the powerful
steam floating engine ; but the fire continued to rage
till near midnight, after which time it gradually yielded
to the unceasing efforts which were employed. The
damage will amount to several thousand pounds, and
one of the firemen was unfortunately so much injured
that it was necessary to convey him to Guy's Hospital
Several others had a narrow escape. The cause of the
accident is at present unknown. The premises were

insured.
NENVB FROM INDIA IN TEN DAYS, PASSENGERS IN
THREE WEEKS.—Within a twelvemonth of the present
date a railway will be completed from Ostend to Trieste,
a distance of 1,500 miles, in which there are even now
only two considerable breaks. Letters, passengers, and
parcels will then occupy little more than two days from
the shores of the Channel to those of the Adriatic ; four
days more will take them to Egypt, and by the aid of
the railway from Alexandria to Cairo, now rapidly ad-
vancing, they may within 36 hours be afloat on the Red
Sea, and in 12 days thereafter be safe in Bombay, or
within three weeks of their leaving London. Within
this date the electric telegraph, now preparing to be laid
across the Mediterranean will have reached Suez, and
the 4,000 miles of wire which have already reached Cal-
cutta will connect every great town in India with the
port of Bombay ; so that before the year 1856 expires
we shall have communication by electric telegraph in
ten or eleven days' time with every part of India, and
by steamer and rail from Bombay in twenty•one,