The Sun.
London, England, 1853-03-30 00:00:00

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 10,000 bales, of which 2,500 American
were taken on speculation. The market closed
with much animation—compared with Saturday's
rates, prices of American were 1-16th to per lb.
dearer. Other sorts without alteration. The sales
comprised 8,500 American, 450 Pernam and Ma-
ranham, at 60. to 71d. ; 250 Egyptian, at 6d. to
81d. ; 500 Surat, at 3d. to ; and 80 Sea
Island, at is. Bd. to 2s per lb. The Railway Shares
opened heavily, but closed with a better tone.
It appears that the Great Britain steamer left
Melbourne as early as the 4th January, conse-
quently her advices may not be more than a day
later than those previously to hand. This is a dis-
appointment to most parties, and it is much to be
regretted that the steamer had left so nearly at the
same time, because the commercial public lose to a
great extent the advantage which such rapid com-
munication would otherwise give. In the present
instance, however, the overland mail is the cause
of the dates being thrown out. No doubt, a large
number of letters will come by her, and the general
details, so far, will be ampler and more interesting.
The Cape news is very satisfactory, and it is
hoped this time the statement concerning the pre-
servation of peace may prove well founded.
The accounts received yesterday from Nova
Scotia state that the Opposition in the Assembly
were still working against the Government Rail-
way Bills, and it was apprehended that a postpone-
ment might in consequence occur for another
twelve months. If the bills were defeated, a new
election it is said must follow. Some official docu-
ments had been published upon the Fishery ques-
tion, having reference to the obtainment of British
registers for American vessels by British subjects
residing in the United States. These appear to
have been called forth by the detention of the
Creole by H.M.S. Devastation, on the ground of
irregularity of transfer.

In one communication from Halifax the follow-
ing observations are made
•
" The railroad scheme seems to have come to a ' dead
lock,' Mr. Howe having moved, on Wednesday, that
when the railroad shall have progressed as far as where
the branch lines should diverge, they be built simultane-
ously with the remainder, unless the trunk line in New
Brunswick to the boundary would be finished sooner
than that of Nova Scotia, which was carried by the
casting vote of the chairrnan—a factious amendment pro-
posed by Mr. Johnson having been negatived—but after-
wards lost in the house by a vote of 27 to 25. On the
following morning this was rescinded by the casting vote
of the Speaker— one of the opposition having changed
sides. With a state of the House so nearly balanced,
it is not probable the Government will proceed with the
measure; and a petition at this juncture having been
presented in favour of the passage of bills constituting
railroad companies, Mr. Howe intimated that no further
steps would be taken until the moneyed men had been
afforded an opportunity of showing what they are really
disposed to do—their real object, as he conceived, being
to obstruct the Government."
Bills upon the principal cities of the continent
were taken yesterday afternoon at fuller rates ge-
nerally, for 30 days' paper. Paris, 25 27i- to 30 ;
Amsterdam, 11 19 to ; Hamburgh, 13 81 to 81 ;
and Trieste, 11 3 to 8.
The English Funds are again very buoyant, and
the scarcity of stock continues to be felt. Consols
have been done at 99i, and since as high as 100*
for Transfer, while for Account they realise 100 to
I. The decline on the Bourse at Paris has, thus
far, no effect, nor ought it to have, seeing that it
is no doubt attributable to local speculation and
the hailing of the Account. March Exchequer Bills
are ss. to 95., and East India Bonds 40s. to
455. premium. South Sea Stock is at 1101, and
East India Stock for account at 264.
In the Foreign Market there is nothing doing.
Spanish New Deferred Stock is firm at 244- to 25.
Greek Bonds are maintained at Bi. Sardinian 5
per Cents. are worth 97k, about the previous value.
The Swedish Loan is worth only 2 discount, and
1
the Turkish Loan is atpremium. Dutch 2i per
Cents. have been dull at 66.
The Railway Share Market has been flat again.
This is " ticket" day, and to-morrow the account
will be adjusted. Apparently the speculation for
a rise must have been rather in excess of late,
otherwise there is nothing that should cause prices to
decline at the time when stocks are advancing. The
re-action is about to per cent. on North-
Western, Midland, and Lancashire and Yorkshire.
Others about the same as yesterday. French
Shares are quite neglected, and are a shade lower.
The Gold Mine Share Market has been rather
firmer, the principal dealings being in Colonial
Gre at Nugget Vein and Nouveau Monde.
The Land Companies' Shares have been higher.
The Agricultural is up 2/. to 31., and the Peel
River to 1.
The Joint Stock Bank Shares have been lower, as
regards the English, Scottish, and Australian, and
the Oriental.

BRITISH FUNDS AT ONE O'CLOCK THIS DAY.
(From the Official List.)
Business done.
3 per Cent. Consols Annuities
Long Annuities, Expire sth Jan., 1860 —
Ditto 30 Years, Expire sth Jan., 1860 6 3-16
India Bonds, £lOOO —
Ditto, under £1630 4O 5
South Sea Stock
Consols for Account
India Stock for Account 264
Exchequer Bills, lid. June. March.
£lOOO
£5OO 6 5
Small — 5
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Greek ex over-due Coupons
Sardinian Bonds, 5 per Cent. 978
Spanish New Deferred, 3 per Cent 24i 5
Swedish Loan. 2 d
Turkish Loan, 6 per Cent., 1852 li p
Dutch Exchange 28 per Cent 66
HALF-PAST TWO.
Consols... look
Ditto April Account