The Sun.
London, England, 1854-05-10 00:00:00

THE SUN, LONDON, WEDNESDAY EVENING, MAY 10, 1854.

MONEY MARKET

AND
COMMERCIAL EV TELLIGENCE.

-

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 7,000 bales, including 1,000 American
taken for export. The market closed very steadily
at previous rates. The sales comprised 4,300
American, 1,400 Pernam and Maranham at 7),-d. to
7id., 300 Bahia at 6±d., 200 Egyptian at 6d. to
7-id., 700 Surat at 20. to 4d., and 40 Sea Island
at is. to is. 4d. per lb. Railway shares were firm
at an advance of 1 per cent.
The following report is furnished by Messrs. W.
H. Jewesbury and Co. :
"The quarterly sales of indigo commenced this day,
consisting of 11,180 chests (including 6,197 chests of old
goods, bought in at, or withdrawn from, former sales,
and 1,191 chests in second hands), comprising the fol-
lowing, viz.:—Catalogue A : 6,358 chests Bengal, Oude,
&e., 1,871 Madras, 1,336 Kurpah, 5 Bettil:pata,m, 39
Calcutta Fig., 83 Pondecherry, 3 samples, 173 with-
drawn and not printed, 121 lots warehouse sweepings-
-9,989 chests. Catalogue B: 1,191 chests. Various in
second hands. Total, 11,180 chests. The qualities of
Bengal are about two-thirds middling and ordinary, and
one-third good and fine ; the Madras, three-fourths or-
dinary and very ordinary, and one-fourth middling and
good, with a few clie,ts fine ; the Kurpah, two-thirds
middling and ordinary, arid one-third good and fine ;
the Oude, two-thirds ordinary and very ordinary, and
one-third middling and good ; the Bemlipatatn, ordi-
nary. The sales opened with a parcel of middling
and good Oudes, which mostly sold with moderate
spirit at a reduction of 4d. to 6d. per lb. upon last
February prices ; several parcels of ordinary to good
Madras followed, but were mostly withdrawn or bought
in at last sale's rates, a few lots only of the good finding
buyers—subsequently ordinary Madras sold at 3d. to
4d. per lb. discount. The greatest reduction has been
upon the good Bengal qualities, which were in limited
demand, at a decline of, 6d. per lb., upon the finer de-
scriptions the fall was even greater, in some instances
fully 9d. to is. per lb ; for Kurpah the demand was
rather better, and good-qualities realised about 3d. per
lb. below last sale's rates. The attendance of both
home and foreign buyers was small, and the sales have
opened very flatly ; we quote good and fine Bengal 4d.
to 6d. lower ; Kurpah, good, 2d. to 3d. lower ; ordinary
6d. to 9d. lower ; Madras, good, par to 2d. lower ; or-
dinary 4d. per lb. lower. 1,212 chests have passed to-
day, of which 398 were withdrawn,.347 bought in, and
460 sold."

There was an improvement yesterday afternoon
in the rates of exchange upon some of the Conti-
nental cities. Paris, 90 days, was negotiated at
25 25 to 27k, Ilamburgh at 13 41 to 4/, Amster-
dam at 11 15 to 15k, and Trieste at 13 50 to 55.
At Paris money is so abundant that a reduction
in the Bank of France rate of discount to 4 per
cent. seems to be expected.
The New Austrian Loan,.. of which we wrote
last week, is stated to have been taken by the firm
of Rothschild, at Vienna, we presume, in conjunc-
tion with the other firms of the same name at
Frankfort, Paris, and Amsterdam. The amount
is 35,000,000 florins, of which 10,000,000 florins
are to be emitted at 75'- per cent. in Zollverein
florins at Frankfort, and 25,000,000 florins at 71/
in Dutch florins at Amsterdam. The payments
are to be in 10 monthly instalments, with right of
anticipation, and the interest is to be 5 per cent.,
payable at Frankfort, Amsterdam, and Paris, and
commencing from the Ist of July next. One per
cent. is to he set aside for the sinking fund, and
the Austrian Government takes the right of buying
in the open market, but of suspending its pur-
chases when the quotation is above par.
The India mail is not expected here until the
15th inst., as the Ripon steamer was three days
behind time at Malta.
The Government is still exceedingly active in
its preparations for the war. An immense num-
ber of guns are being made, and 32-pounders are
the favorites. Tenders are this morning invited
for a steamer of 800 to 1,000 tons, for the convey-
ance of cattle, and to be for six months certain.
The Committee of Mexican Bondholders have
issued a very interesting report, and the conclu-
sion is warranted that Mexlco could pay nearly
3 per cent., even out of existing revenues.
Stocks opened very buoyantly this morning,
Consuls having advanced to 88 1, but there has

since been a sale to some amountt—by an influen-
tial party which has caused a reaction for money
to 88 to k. The settlement of the account takes
place to-morrow, and occupies preliminarily, the
attention of the jobbers and brokers, who complain,
however, of having had very little to do recently.
Money appears to be easy, and should the Bea not
already have closed or arranged to " carry over"
their operations there will be a further rise in prices
probably. The foreign news this morning is not
of a nature particularly to influence prices. The
New 3t per Cents. have been up to 88k, and are
now 87k. The 3 per Cents. have been 871 to
Bank Stock has been at 202 to 205, and India
Stock at 233 to 237. Exchequer-bills are ls. dis-
count to 2s. premium, and India Bonds have been
ss. discount.
The New Exchequer Bonds have been at 4 to
premium.
Foreign Stocks are quiet, but firm generally.
Mexican are steady at 23k, Brazilian Small Bonds
at 94, and Spanish 3 per Cents. at 3G/. Russian
5 per Cents., after being at 93k, rose to 94, and
the 4 per Cents. are 80. Dutch 21-7 per Ccnts.
have declined to 58.
In a few of the principal Railway Shares there
have been several transactions ; but the general
business was not large. Great Western rose ss.
to 10s. ' • Lancashire and Yorkshire 10s. to 11. ;
Midland, 10s. to 1/. ; North Stafford, 5s ; and
York, Newcastle, and Berwick, 103. to 1/. French
Shares were also firmer. Paris and Lyons were
10s., and Paris and Strasbourg ss. to 10s. better.
Mining shares were dull, and rather lower.
Bank Shares remained steady.
Land Companies' shares were neglected.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
( Front the Official List.)-

- PeFitness done
Bank Stock ....... ........... ... 205 2

i per Cent. Reduced Annuities . 874 } A
3 per Cent Consols Annuities ' 881 i i 8 }
New 3,1 per Cent. Annuities BB,f 8 a 7k 81
Lung Annuities, Expire sth Jan., 1860 -15
India Stock
India Bends, 1;1000 .
... .
South Sea Stock
.. 115
..._ __

Consols for Account 11th May
N x,;ht quer Bills, 2d.
£l000
cmall .)
.., p
Bonds Scrip
PRICE OF FOREIGN FUNDS THIS DAY.
rrazilian Bonds, 5 per Cent. —
Ditto Small
New Brazilian Bonds, 1829 S. 39, 5 per Cent. 93
bierican 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £ St 934 44
Ditto 4.4 per Cent.. BO

Spanish Bonds, 3 per Cent 364 7
Spanish New Deferred, 3 per Cent. l7/
Dividends on the above payable in London.
Data Exchange, 2A per Cent. 12 Guil
Ditto 4 per Cent. Certificates B7
THREE O'CLOCK.
Consols EB}
Ditto gay Account

THE EARL OF ELGIN.—We have reason to believe that
the Earl of Elgin is charged with a special mission to
the Government of the United States, in reference to
questions arising out of the 'present war. For this pur-
pose his lordship will proceed to Washington on his re-
turn to his government in Canada.
TENDERS FOR HEMP.—The Navy Board yesterday did
not accept any of the offers made for hemp, but simply
stated that they would write to the several parties by
whom tenders had been sent in.
MAURITIUS. --Advices from Mauritius to the 10th of
March had been received. The weather was favourable
for plantation operations, and the prospects of the crop
were satisfactory. The total quantity of sugar returned
for 1853-54 was 190,000,0001 b., of which 130,038,3221 b.
had been shipped to the United Kingdom. The prices
of the finer qualities ranged from .$4 50c. to $5 40c.
Tonnage having become scarce, the rates of freight had
advanced from 2/. 15s. to 3/. Treasury-bills, at 30 days'
sight, were 1 per cent. pm. ; private bills, three months'
sight, 2 to 3 per cent. die.
THE CLEARING-HOUSE.—It has not yet been defini-
tively settled when the joint-stock banking establish-
ments of London are to be admitted to the privileges of
the Clearing-house, but it is believed that the 24th of
June next will be the day appointed. In consequence of
the large amount of extra business which will then be
transacted, the place of business will be removed to the
Hall of Commerce.
THE CHARGE OF CORRUPTION AGAINST IRISH MEM-
BERS.—The select committee appointed to investigate
this charge re-assembled yesterday, for the purpose of
hearing further evidence. The proceedings took place
with closed doors, and we were given to understand that
the remainder of the investigation would be in private.
MELANCHOLY DEATH OF A GENTLEMAN IN ONE OF
THE CARRIAGES UPON THE GREENWICH RAILWAY.—
Yesterday morning a most painful instance of the un-
certainty of human life occurred to a gentleman, about
50 years of age, named Adams, of ?Borden-terrace,
Lewisham-road, in one of the first-class carriages be-
longing to the above-mentioned lino of railway. It
appeared that the deceased gentleman had walked some-
what sharply from his residence, which is but a short
distance from the Greenwich Railway, and had scarcely
taken his seat in the oarrittge when be was observed to
tarn pale, and his head fall back. He was instantly
lifted from the carriage, and taken into the first-class
waiting room, ancra medical gentleman living opposite,
who was at that moment just leaving home, instantly
hurried across, but found that he was dead, and that the
event must have been most instantaneous, and it was sup-
posed arose from disease of the heart. Later its the day.
Mr. Carter, the coroner, held an inquest at the statics
upon the body, and a verdict in accordance with the
medical testimony wag returned. The affair, as may be
supposed, has created a most painful sensation amongst
a large circle of gentlemen, to whom ho was known by
travellinE- them "almost daily upon this 1e o
railway..