The Sun.
London, England, 1854-09-13 00:00:00

MaNEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLOCK.
The sales of cotton at Liverpool yesterday
were estimated at 5,000 bales. The market closed
tamely, but steadily, with prices of all kinds un-
changed. The sales comprised 200 Egyptian at
6d. to 71d., 40 Sea Idland at is. Old. to is. Id.,
and the remainder nearly all American. Railway
Shares were firm and steady.
The steamer Arctic has arrived off Liverpool,
with 1,130,705 dollars in specie, and dates three
days later, viz., to Sept. 2d, inclusive. The stock
market was again very depressed, after a rally
. which occurred on the 29th ult. The Erie Rail-.
road Company appears to be in great embarrass-
ment. One writer states :
"Mr. Vanderbilt has loaned the Erie company his
endorsement on $400,000 of its paper of short date, for
which he has received a mortgage on the entire rolling
property of the road. Everythiig in the shape of a loco-
motive, freight and passenger car, has been pledged for
the above-named sum, instead of $600,000 as at first
Proposed. Of the $400,000 raised by mortgaging the move-
able property of the company, $300,000 will be paid out
to-morrow for interest then due on the bonds. Tnis leaves
but a small amount for other purposes. It would be well
enough for the company to appropriate the balance to the
Payment of wages due labourers along the line of the
road. 'We are informed that along the Delaware di-
vision labourers have been paid only up to the Ist of July.
Wages due for June were not paid until a week or two
ago. July and August are now due. This is a pretty
position for the Erie Railroad Company to be in. The
president, no doubt, receives his salary of $lO,OOO per
annum as soon as due, and all the other officers with
enormous salaries, the same, while the poor labourer,
whose credit at the nearest store depends entirely upon
his prospective pay, is put off month after month, until
he can get no more pork and bread upon his promises to
pay when the company pays him. These may be con-
sidered trifling matters, but a shrewd stockholder will
be able to draw correct inferences from even such trifles,
and govern himself a :cordingly."

There were appearances of rain in New York
State at the latest date.

From Mexico it is stated that Villareal, the
second in command to General Alvarez; had died
of his wounds.

Venezuela is stated to be still in a very disturbed
condition. Honduras had been visited by swarms
of locusts.

The accounts from Brazil by the Great Western
steamer represent business as being dull at Rio.
The market report from Buenos Ayres is likewise
unsatisfactory.
The arrangements by which the remainder of the
Exchequer Bonds are to be issued appear to be so
far judicious that they widen the probable sphere
of circulation by reducing the separate amounts of
the Bonds. In the instruction given it is provided
that the bonds and certificates attached thereto
!hall be provided to the amount of 900,0001.
in bonds of 1,0001. each, 530,0001. in bonds
of 500/. each, 300,0001. in bonds of 2001.
each, and 270,000/. in bonds of 1001.
each. This will give 2,700- bonds of the
lowest denomination, and any one acquainted with
Stock Exchange matters will appreciate the conve-
nience of this plan, and understand the probability
of the securities being taken up byparties who other-
w
1_ Ise would not invest in them. The bonds of the
rger amounts will, at the same time, be useful to
t'a,e
bankers and others. On the face of each bond the
'offntnnation will appear that the capital is to be paid
at par on the Bth May, 1858, the interest being
at the rate of per cent, per annum. The inte-
rest
may be received by any one holding the an-
t
_el-ed certificates, of which a form is given, stating
e
zahat the borrower is entitled to a half-year's divi-
clld- Thus, a bond of 1,0001. will bear a Coupon
17/. 10s. for the half-year ; one of 500/.
""1 yield 8/. 15s. ; one of 2001., 3/. 10s. ;
one of 1001. V. 15s. This is quite a new feature
111 connection with English securities, and we have
1(4 the slightest doubt that at no very distant date
they will, as we have always contended, be made
freely available for the purpose of remittances.
iitherto Dutch and other foreign Coupons have
ree"ed from hand to hand in the same way, and
bees found very acceptable, although they
f,
—lnd never be as serviceable as a bond payable at
Par within a given date, being subject to greater
13 fluctuation in the different markets. The A and
the . series will now be in circulation, authority
having been given to the cashier of the Bank of
gland to receive the samofrom the Comptroller-
Oeneral of her Majesty's Exchequer. Having ap-
proved of the experiment of issuing Exchequer
Bonds from the moment it was first announced,
and having, in fact, joined with the practical men
in the suggestion that some such course should be
taken, we feel an especial pleasure in the success
Which has attended the attempt, notwithstanding
the bitter opposition manifested by disappointed
speculators, who were particularly solicitous that
there should be a further addition to the funded
debt of the country.
This has been settling day in the Stock Market,
and it would appear that the Account is decidedly
The " continuation" has• been as much
43, I to 3 per cent. on Consols, which, after being
090 i•
I for transfer, fell to 951 though now again
i• The prices for October have been 951 and
since 95a Exchequer-bills have realised Os. to
1-8') and India Bonds 6s. prem. The Bonds of 1859
l'a've been done at par. East India Stock has
een done at 225. The arrival of about 280,0001.
'1:1 specie this morning will afford acceptably means
for the next instalment upon the Turkish Loan ;
and the change of wind will no doubt bring for-
Ward several Australian ships that must be off the
Coast

The Foreign Stock Market continues very quiet.
Itti •
%siau 5 per Cents. are 874 to 88i being lower,
4311,74 Spanish Bonds are flatter, the 3 per Cents. at
al the New Deferred at 18:1 and the Passive at 4
I_lllu 4i. Brazilian 5 per Cents. are quoted 102, and
utch 4 per Cents. '941. The Turkish Scrip opened
at 52, but has subsequently been as low as N.
Tile following are the nominal prices of Foreign
Sto 1-
:---Grenada Deferred Bonds, 6 to 6i ;
xicau, 244 to 25 ; Peruvian, 70 to 72 ; ditto
Per Cents., 51 to 53 ; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 98 to 100 ; ditto
4i Per Cents., 88 to 90 ; Spanish New Deferred,
18g. to 18 ; ditto 3 per Cents., 371 to 381 ; ditto,
Certificates, 5k to 51; ditto, Passive, 4 to 41.
This is " making up " day in the Railway Share
Mark-et, and the business done is chiefly in refer-
ence to the settlement of the Account to-morrow.

The movement in prices is not uniform, but the
tendency generally is towards a decline. The
Foreign lines are very dull.
In Mining, Banking, and the miscellaneous
Shares dealings are unimportant.

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

. .
Business done.
3 per Cent; Consols Annuities 958 i I
L°llg Annuities, Expire sth Jan., 1860
bitto 30 Years, Expire sth Jan.,1860 -Ili
India Stock
India Bbnds, £lOOO
Consols for Account 17th Oct.
-Exchequer Bills, 2icl.
£lOOO
£5OO 9 6
x chemq Sall 9 6
uer Bonds 1858, 3i per Cent. —
. Ditto 1859, ,f
TirlllC an Bonds, E Or FO5
per Cent REIGN FUNDS AT ONE O'CLOCK.
_.

134rclini B '''
' - C t 88, 7i 8
F 3134., an 0 ,
nds 5 per en ............ ...
g '!'all Bonds, 3 per Cent 37
Danish New Deferred, 3 per Cent.
IturDitto 18'
Passive (Converted)
iusli Scrip
1),,, Dividends on the above payable in Londou.
l''''n Ditto Vachange, 2i por Cent. 12 Gnil —
4 per Cent. Certificates ~

H.A LF-P.A ST TWO.
%Aka 9ss
Ditto October Aoe,ount

tl,llllt CANADIAN ASSEMBLY was to meet at Quebec
theon
rue th September for the despatch of business, andi
Canada
treaty would have to be assented to. n
??4nada and the other provinces before it can come into
eration'. As remarked by General Cass, this treaty
s terminates all existing differences between the United
°ta, States and Great Britain, and leads to the hope that the
a_,1,1 contests between them will be a generous rivalry in
all that constitutes the true progress of nations."
AT-ARMING FIRE AT CLERKENWELL.—Yesterday after-
a, Lb) between the hours of one and two, a fire broke
dial
on the premises of Messrs. Elston and Sons, watch-
`_l4l2nanufacturers, carrying on business at 42, Myddel-
-street, Clerkenwell. The engines of the parish,
threef the London Brigade, and thrA of the West of
edOffice, were soon in attendance, and the fire
ventually extinguished, but not until considerable
e Was done. The sufferers were insured in the
"711/4 4zolluge Fire office.
_ _