The Sun.
London, England, 1853-12-28 00:00:00

MO NEI Y ARYE

AND
COMMERCIAL INTELLIG.BNCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were ,
estimated at 6,000 bales, of which 600 American
and 400 Surat were taken on speculation. The
market closed firmly, and prices of all kinds fully
supported. The sales comprised 5,000 American ;
250 Egyptian, at 6d. to Bd. ; 800 Surat, at 211 d.
to 4id, ; and 40 Sea Island, at Is. 3d. to 2s. 7d.
per lb. Railway Shares were steady.
The Tea-market is rather flat to-day, as the
supplies from China are likely to be considerable.
Tallow is well stipported. P.Y.C., on the spot, is
Bs. 6d. to 58s. 9d. per cwt. Native Ceylon coffee
has been sold as high as 495. 6d. to 50s. per cwt.
Accounts from St. Petersburgh again advert to
t,
significant fact that the British merchants
:unearerrwow coeregmrpaadsusa,lly bringing their affairs within
in order to be prepared to leave
at a short notice ; and several who had entered
into contracts for hemp, tallow, and other products,
114 disposed of them at a pecuniary loss to Russian
firms. This is but a just appreciation of the
character of such a ruler as the Emperor Nicholas,
so little to be relied upon, and is the sequeLof the
litarY opinion given by Earl Clarendon when
two of the leading merchants in the Baltic trade, a
few weeks back, applied to him for information.
l'he national revenue of the Czar will • speedily feel
the effect of this contraction of commerce.
At the meeting of the Australian Freehold Gold
°rine shareholders, held yesterday afternoon, reso-
tit::ls were passed to adopt measures for pro-
curing from the board of Directors a statement of
accounts, and if necessary of winding up the affairs
w the company. It appears that there are
till 30,000/. in hand, that the, Directors
were grievously imposed upon in the purchase
°f land at Bathurst, which although in the
tents of the prospectus certified to contain
g°l6l, proves to be worth very little, and various
euett o
of
are
eXpenses have been incurred. Several of the di-
not alone of good commercial standing,
t
known wealth, and there is no imputation
'of fraud against them. The shares are understood
t° have been pretty fairly allotted, and the princi-
Pal grievance is the want of judgment displayed in
Paying for a property before it was tested. Chan-
cery proceedings are going on to compel restitution,
and the main point with the shareholders is,
whether the directors ought to sustain . any
eventual loss. The Company professes to have
°een started on the cost hook principle, but there
are grave legal doubts whether this can apply where
!en') has been issued, and where the seat of opera-
tions is not in England. This part of the question
We will not now discus's, but content ourselves by
reniar::ing that the accounts should be submitted
to every scrip-holders for the time being, at least
Once or twice a year, regardless of registration.
, Some large and influential holders of Peruvian
°ends have issued a notice requesting parties in-
terested to meet them at the London Tavern on
the 12th inst. Upon this occasion a full state-
bleat will be made of the proceedings of the Peru-
vian Government in endeavouring to circulate its
home debt in London and Paris, and mea-
sures will be devised* to protect the English
creditors and to obtain a larger appropriation of the
guano proceeds. The consignment of more guano
ls a matter in which our agriculturists also are
greatly interested, and their co-operation may be
desirable.
The- funds have been flatter this morning, The