The Sun.
London, England, 1854-09-18 00:00:00

MONEY MARKET

AND
COMMERCIAL INT ELLTGEWE:,

CITY, TWO o'CLOCK,

The sales of cotton at Liverpool on Saturday,
wero estimated at 6,000 bales, including 500
American, and 500 taken for export and on specu-
lation. The market was tame, and closed heavily,
with prices rather in favour of buyers. The sales
comprised 4,500 American, 250 Egyptian at 50.
to 61d., and 1,300 Surat at 3d. to 4kd. Railway
Shares were steady.

The wheat trade has been steady to-day, and
prices have advanced 2s. to 3s. per quarter, and
the imports of foreign grain are very
The accounts by the overland mail are in respect
to the condition of the import markets at Calcutta
and _Bombay of a more satisfactory character, the de-
mama for piece-goods having increased, although
prices were kept down by the abundant supplies.
In exports a moderate business has been done.
Money was becoming easy.._ As to the China mar-
kets they were still deranged by the revolution,
and at Shanghai the difficulty about paying duties
in arrear caused much annoya,uce to the merchants.
The steamer Tamar, with the West India mail,
brings better accounts of the health of the colonies,
but the cholera still raged in some places. The
amount of specie on board is 500,000 dollars.
There are a few Australian letters and papers to
July 3by this opportunity. As usual in the winter
season, trade was dull at Melbourne. The gold
production of the three previous months showed
an increase of 41,000 oz. in Victoria. Specie was
being freely re-shipped to England, and several
vessels had left with large amounts on board. The
Eagle bad 80,000 oz. and 34,9991. The advices
are very scanty, as no regular mail comes via
Panama.

The New York accounts, per Asia, to the 6th
inst., describe the money market as continuing
tight. One writer observes :
"The experience of the past six months has been such
as to utterly destroy all disposition to enter into new
speculations, and it will therefore be difficult to get up
an inflation in prices, except in extraordinary instances.
There may be cases where stocks possess a greater
actual than market value, where certain movements have
been made that give a different complexion to the com-
pany's affairs, where an improvement in prices would
be justified, but, as a general thing, we can look for no
favourable change, and may as well make up our minds
for a long period of dullness and depression. Money is
abundant and cheap enough for the ordinary purposes of
trade. The premium at which the New York State Loan
Was taken a few days since showed that there is capital
enough offering when scarcity is undoubted. The great
difficulty in the fancy stocks of the day is a want of confi-
dence." _ _

Concerning the crops we have the following ad-
ditional information :
"There is no doubt that a great number of fields of
corn and potatoes in some of the States, particularly in
Virginia, Ohio, Kentucky, Indiana, and Michigan,
will nearly if not quite fail. Many fields of corn
will hardly yield a return of the seed, and but a small
proportion of winter fodder ; while others will only
produce a respectable show of " nubbins," which
description of corn ears 'generally find their way to
the pigsty es. The greater proportion of the potato
fields in the above named. States will not produce an
aggregate yield of more than half the average, al-
though there are some of a late planting, which will
probably turn out handsomely. In most of the Southern
States the drought was not so severely felt, and we hear
of unusually large crops of corn in that section, and a
good average yield will also be had on the bottoms of
the Ohio, Upper Mississippi, and Missouri rivers. In
the Northern and Eastern States, although the dry wea-
ther has been very trying upon the tall crops, we have
heard of very few complaints compared with these which
have reached us from the West, and we think we can
safely anticipate for corn and potatoes, in this section, a
yield which will nearly, if not quite, compare with that
of previous seasons.
The Montreal Pilot, of the 18th inst., says
We have authority to announce that the entire line
of railroad from Quebec to Richmond, will be
opened for traffic and travel on the 2d of October,
on and after which day regular trains will traverse
the road between Montreal, Richmond, Quebec, and
Portland.

The Port Dover Argus, of the 26th inst., says :
Fires are still raging in the woods around us, in
every direction for miles, and have done consider-
able damage in burning fences, and in some in-
stances have destroyed entire fields of grass.
The Port lope Watchman says :—Although the
yield of wheat is not generally so great as last year,
yet from the circumstance of a greater breadth of
land covered with fall and spring wheat this sea-
son, the quantity grown and harvested in these
counties will be much larger than what was pro-
duced in 1853.
The Stock Market is very dull this morning, but
the quotations are much the same. Consols have
been 95' 1, and since 95/ for transfer, while the
account prices are 95a I. Exchequer Bills have
been 6s. to 95,, and India Bonds Bs. premium,
being steady. The Exchequer Bonds of 1859 are
at 99i to par. Speculators generally are now
quietly awaiting the receipt of late intelligence
from Sebastopol, and should that prove favourable,
many of them anticipate an immediate rise of 1
per cent.
In the Foreign Market the Turkish scrip is now
quoted without the new allotment, and is 3 to 3i
premium. Mexican Bonds have been done at 24i.
Sardinian Stock is worth 88a, Russian. ,q per
Cents. have been done at 89 to I. lii Spanish
Bonds there have been only a few bargains. The
3 per Cents. are at 371, and. the Deferred Bonds
have been done at 181 to I.
In railway shares there has not been much doing,
and they are in some instances less buoyant than
they were. The Midland have been at an advance
to 33 and 331, the Berwick are firm at 79 to and
the Caledonian, North:Western, and Great Western
are at about the previous rates. Luxemburgh
shares have been at previous rates, and Antwerp
and Rotterdam are rather firmer. The French
lines are merely nominal. The Gold Mines are a
shade better, the Banks quiet, and Crystal Palace
without alteration.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 6 to 6 ;
Mexican, 24l to 241 ; Peruvian, 70 to 72 ; ditto
3 per Cents., 51 to 53 ; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 98 to 100 • ditto,
412 per Cents., 88 to 90 ; Spanish New Deferred,
18i to 18/ ; ditto 3 per Cents., 37i to 38 ; ditto
Certificates, 51 to 5i ; ditto Passive 4 to 41.
The railway meetings announced are the fol-
lowing :
Company. Date. Place.
Birknhd. Lane. & Chesh. Jnc. Oct. 21, Birkenhead.
Boston, Slefrd.andklid.Junc. Sept. 19, Euston Hotel.
Caledonian
East Anglian
East Lancashire Sept. 25, Bury.
Hereford and Welwyn, June Sept. 30, Shire Hall, Hertfd
*Lancaster and Preston Sept. 18, Lancaster.
Manchester, Sheff, and Line Sept. 19, Manchester.
Do. Pref. and No. 1. Quarters Sept. 19, Manchester.
Mid. Great Western (Ireland) Sept. 22, Dublin.
North British Sept. '22, Edinburgh.
Portsmouth Sept. 28, Great Geeorge-st.
Rouen and Havre Sept. 29, Paris.
Royal Swedish
Scottish Central Sept. 19, Perth.
West Hartlepool
Whitehavou Junction

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
'(Frons he Wial List.)

Bu iness dime.
3 per Cent. Consols Annuities 9si i
India Bonds, £lOOO . ..
Ditto, under £lOOO 8 p
Consols for Account 17th Oct.
Exchequer Bills, 20.
£lOOO
£5OO 8 9 G
Small 9 6
Exchequer Bonds 1858, 3i per Cent. —
Ditto 1859, „
PRICE OF FOREIGN FUNDS AT ON O'CLOCK,
Brazilian Bonds, 5 per Cent lOl
Mexican 3 per Cent.
Ditto for the Account 24
Illissian Bonds, 1822, 5 per Cent. £St —
Ditto 4i per Cent 691
Sardinian Bonds, 5 per Cent.. ..... .....
Spanish Bonds, 3 per Cent. 37
Spanish New Deferred, 3 per Cent lBi
Spanish Committee Cert. of Coup. not fun 5
Turkish Scrip , 3i it Px n
Ditto for the Account 3l 3. ),
Dividend' on the above payable in London.
HALF-PAST TWO.
951
95,i 1