The Sun.
London, England, 1853-06-28 00:00:00

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 650 were taken
for export and on speculation. The market closed
firmly at previous rates. The sales comprised
6,500 American, 250 Pernam and Maranham, at
bid. to Bd.; 40 Bahia, at 6d. to 6id.; 600 Egyp-
tian, at 6/cl. to 9d.; and 500 Surat, at 3id. to
scl. per lb. Railway Shares were very inactive.
The Adelaide has arrived from Melbourne with
accounts of March 14, but they add nothing to our
previous advices.

At the meeting held this morning of the Bank
of South Australia Proprietors, the Directors'
Report was read, and states :

" The Bank has participated in the prosperity of the
colony and the success of the settlers, which it has made
every exertion to promote, consistently with sound prin-
ciples and the encouragement of useful enterprises.
The annual accounts from the colony have been care•
fully prepared, and the most rigid scrutiny has been
made of all the assets. Every bad and doubtful debt
has been written off, and the court are assured by Mr.
George Tinline, the acting manager, in a valuable report
he has made upon the company's position in the colony
at the termination of the year, that the utmost caution
has been exercised in continuing on the books only
those assets which are strictly available, and that
the bank was then in a healthy and improving con.
dition.

" The general accounts for the year which ended 30th
May last, have been subjected to an equally carefn
examination, and the result of the profit and loss ac
count to that date is as follows :
Balance of undivided profits on 31st
May, 1852...
Carried to contingent

account :.. ... - ... £3,000 0 0
Appropriated to reserved

fund

. ... ... 2,151 0 0

£24,511 9 5

--- 5,151 0 0
Profits at Adelaide, &e. .. .. ... 37,347 411

£56,70714 4
From which deduct—
Dividend for July, 1852, January,
1853, and income tax ... ... 17,757 11 7

Balance of undivided profits on 30th
May, 1853 ... £38,950 2 9

"From this sum there will have to be appropriated
to the reserved fund 10 per cent. in accordance with
the deed of settlement and charter, which, amounting
to 3,8951. will increase that fund to 14,420/. 6s. 9d.
"The net profits available for the proprietors will
thus be 35,0551. 2s. 91, and the 'court have to recom
mend the usual dividend of 6 per cent. per annum, and
a further amount on account of profits of 30s. per share,
equalling together i 2. per cent. for the year on the
capital received, which, if confirmed by you, will be
payable (clear of income tax) on the 15th July and 15th
January. next.
" According to the intimation expressed in the last
report, Edward Stephens, Esq., the company's colonial
manager, returned to Adelaide! by the Charlotte Jane,
which left Plymouth on 26th January last, and the
court trust he has now been some weeks in the colony,
and that the company are again deriving the full advan-
tages of his personal superintendance of the bank's
affairs. During his absence George Tinline, Esq., the
acting manager, has continued to give his zealous atten-
tion to the duties of his office, and his eminent services
connected with the operations of the Bullion Act, entitle
him to the thanks of the proprietors. He has been as-
sisted by the local directors, who also deserve the favour-
able consideration of this meeting.

"The measures taken, with the sanction of the Lords
of her Majesty's Treasury, to increase the company's
capital from 200,0001. to 300,0001. were promptly re-
sponded to by the proprietors. The amount of 50,0001.
having been received on Ist September last, from the
shares wholly paid up, and the deposit on those payable
by instalments of D. 10a., which was all the directors
were authorised to receive forthwith, the Court were
enabled, in consequence of many of the proprietors
not having availed themselves at the proper time of
.he allotments offered them, to exercise their discre-
tion in net issuing the whole of the 4,000 shares. It
is proposed to offer the remaining 981 shares to those
proprietors who may be . disposed to increase their
stake in the. company, at a premium of 221. per share,
and these shares will have to be wholly paid up on Ist
September next, when they will participate in the cur-
rent dividend. The directors recommend that the pre-
miums obtained be carried to the credit of the Reserved
Fund, which will then be in an advantageous position,
and highly conducive to the future interests of the Com-
pany..

"The court have much confidence in the continued
development of the resources of South Australia, and the
rapid advancement of the other Australian Colonies ;
and by continued care and. attention to your interests,
anticipate with pleasure meeting you at a future period
with statements of a satisfactory character."
There has not been such a firm market for pub-
lic securities, and the dealing is more restricted.
Consols for the opening are 94 The New 3/
per Cents. have been 101 to 102, and the 3 per
Cents. 99/ Bank Stock is supported at 224 to
2292. The premium on Exchequer Bills is 2s. to
55., and on East India Bonds 325.

Foreign Securities have been in very limited re-
quest, and with no material change in prices.
Buenos Ayres have been well supported at 62 to
63. Brazilian New 4 per Cents. have been at an
improvement to 984. Equador are steady at 51,
and Mexican firm at 28 to Dutch 2 per Cents.
have been at 65. Spanish Three per Cents. are
marked 49, being a shade higher.
The Railway Share Market has been inactive,
and prices have not varied to any appreciable ex-
tent. The preliminary arrangements in connection
with the settlement have been in progress. French
Shares are steady.
The Gold Mine shares have been more active at
about the previous rates. The Joint Stock Bank
Shares have been heavy, except the South Aus-
tralia. The Land Company's shares have been
neglected.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

Business done.
Bank Stock
3 per Cent. Reduced Annuities 99 i
3 per Cent. Consols Annuities
New 31 per Cent. Annuities loli 2 1
Long Annuities, Expire sth Jan~ 1860
India Bonds, £lOOO
Bank Stock for Accouut 224
Consols for Account 9Bi i
Exchequer Bills, ld.
£lOOO
2500 2 5 p
Small 2 5 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian. Bonds, 5 per Cent
___ —

. _
Ditto New, 1852, 4i per Cent 9B x d
Buenos Ayres Bonds, 6 per Cent 62 3
Equador Bonds
Mexican 3 per Cent.
Spanish Bonds, 3 per Cent 49
Dividends on the above payable In London.

Dutch Exchange, 2 per Cent.
Ditto 4 per Cent. Certificates 961
HALF-PAST TWO.
Consols for Opening 19th July 9B a x (1.

MARKET NEWS-(THIS DAY.)

COLONIAL.

SUGAR.--The market is very firm, full prices having
been obtained. Two cargoes of Havana and Bahia sold at
previous rates. Tho quantity of British plantation landed
last week at the East and West India Docks was 2,352
hhds, 254 tierces, and 777 barrels ' • there wero taken for
home consumption 1,371 hhds, 177 tierces, and 691 barrels.
The stock in the same places is 10,710 hhds, 1,724 tierces,
and 3,997 barrels.
COFFEE.—This article is quiet. Good ord native Ceylon
is 465, and fine 46s 6d. to 47s per cwt.
Rum.—The quantity landed last week at the East and
West India Docks was 480 puns, 35 hhds. There were
taken for home consumption 215 puns, 11 hhds, and ex-
ported, 11 puns, 244 hhds. The stock in the same places is
8,264 puns, 436 hhds.
RICE.—At auction 1,284 bags Bengal were all bought
in Us 6d to 12s for mid and good white.
SALTPETRE.-613 bags Bengal offered publicly sold at
26s 6d to 27s for good mid-74d per cent refraction, and
623 bags only partly found buyers at 25s 6d to 26s 6d for
low mid, and mid for 11d to Bid per cent, being rather
cheaper.
TALLOW.—P.Y.C. is 495. 6d. to 495. 9d. per cwt. on the
spot, and town 50s. 9d.
TEA.—Tho market is firm, with moderate deliveries.

HAY MARKETS.
SMITHFIELD.—Meadow hay, 3/ 5s to 41 ; clover
ditto, 4/ Os to Si 10s ; and straw 1/ 7s to 1/ 12s per load.
Supply moderate, and trade rather dull.
OIIMBERLAND.—Meadow hay, 3/ 5s to 4/ 88 ; clover
ditto, 4/ Os to Si 5s ; and straw, 1/ 8s to 1/ 14s per load.
A fuir average supply, and a sluggish demand.
WHITECHAPEL.—Meadow hay, 3/ 3s to 4/ 8s ; clover
ditto, 4/ Os to Si 8s ; and straw, 1/ 7s to 1/ 12s per load.
Traele steady.

AQUA FRIA COMPANY.—The Agua Fria Company
state that they have received dispatches by the Arabia
to the 16th of May, advising a further consignment of
234i1 ounces of gold, obtained since the previous remit-
tance of April 30.
HONOUR TO SOIENCE.—From Berlin it is stated that
the. King has ordered that the portrait of Jacob Grimm,
the philologist, shall be placed in the Gallery of Con-
temporary Celebrities created by him in the Palace of
Chihrlottenburg ; and has commissioned M. Begas, the
paillter of the portraits of Humboldt and Meyerbeer in
the, same collection, with the work. One of the first
act:, of the King on his accession to the throne was to
recnll the proscription against the brothers Grimm,
issued by his father on political grounds.
We understand that the following gentlemen will be
called to the inner bar durinc, the present term :—Messrs.
Montague Smith, of the Western ; EdWard James and
Stephen Temple, the Northern ; and W. B. Grove,
Of the South Wales circuit,