The Sun.
London, England, 1853-06-09 00:00:00

THE SUN, LONDON, THURSDAY EVENING, JRINE 9, 1853.

be exposed to the mortification of seeing persons
promoted over his head, without any superiority
except that appertaining to a plethoric purse. It
is not too much to say that 1,0001. (a higher sum
has been paid) would be as freely given for the
original appointment as 4601. for a commission in
a marching regiment. By this means 265,0001.
per annum would be obtained for public purposes,
or the patronage might, to a considerable extent,
be bestowed as the acceptable and well-deserved
rewards of meritorious exertions in any branch of
the public service. Opinion—the general feeling
of propriety—would prevent any improper exercise
of that power, but there would be no such efficient
check if it were left in the hands of private indi-
viduals. We trust that Honourable Gentlemen
will consider these matters before they finally dis-
pose of the question which has excited so deep an
interest in the public mind.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 10,000 bales, of which 3,000 American
were taken for export and on speculation. The
market was more active, but prices remained un-
altered. The sales comprised 8,000 American, 210
Pernam and Maranham, at Gid. to 7d.; 300 Bahia
at sid. to ifid, 300 Egyptian, at 60. to is. 11d.,
1,200 Surat, at 30. to 41d. and 80 Sea Island at
Is. 91d. to 2s. per lb. Railway shares were very
inactive at rather lower prices.
This being the Grand Day at Ascot, there are
no public sales of colonial produce.
The following remarks upon the alteration in the
intentions of the Chancellor of the Exchequer re-
specting the duty upon raisins, have been fur-
nished by Messrs. Witherby and Hanson
" The proposed reduction of the duty to 10 per
cent., after having been four weeks before the public,
was suddenly rescinded by the Chancellor of the Ex-
chequer on the 16th of May. He, it is well
known, passed by other items of a more popular
character, and selected raisins for reduction, as
beim-, an article of food ; but he became subse-
quently and naturally alarmed at the reports of a
short crop in Turkey. His final decision seems to have
been influenced by the following facts, viz. : that there
is at this moment in the United Kingdom about 16,000
tons of currants and raisins, whilst the annual con-
sumption has never exceeded 30,000 tons ; that the
reduction will certainly call forth to this market certain
low descriptions, the duty on which hag hitherto been pro-
hibitory ; that the cheapness of flour has of late years
greatly promoted the use of fit as an economical article
of diet—that the measure, if carried out, would therefore
be especially beneficial to the poorer classes of society ;
and, moreever, that supplies of all kinds which would
otherwise, in all probability, be taken next season to
the continent of Europe, to America, and other coun-
tries,—would, if the duty were reduced, be brought to
England. As to currants, it is confidently believed
that when the article will have been restored to its
former ratio of production, Government will feel itself
indirectly pledged to a corresponding reduction of duty,
which, however expedient in the abstract, is at present
impracticable from financial considerations."
The condition of the Money Market is so much
dependent upon the state of foreign politics, that
any estimate which omits the lattr is necessarily
imperfect. There are, at this moment, many rea-
sons for the conclusion that cash will be, for a
while at least, more plentiful. On this day the
dissentient holders of Exchequer Bills receive
their money back from Government, the total
exceeding three millions sterling. As long as
there is any uncertainty involved in the Turkish
question, the bankers and others may be expected
to keep their assets idle, rather than place them in,
securities that may suddenly fall. Upon " call,
or in the discount of short dated bills, they may
not object to employ some of their surPluses)
and judging by the activity
of trade in gene-
ral there will be a good opportunity for this.
There are parties who prognosticate a very heavy
" fourth" next month, and most likely there will
be, but if it goes off as well as the " fourth" of this
month has done, the bills noted being unusually
few, there will be every motive for congratulation.
The speculators in iron are pointed at as having
large engagements, but the market being firmer,
may assist them.
English Stocks are flatter, and although there is
not much doing the foreign intelligence has been so
far unfavourably interpreted as to check purchases,
and rather dispose parties to sell. Consols have
been 98 ft for the opening. Exchequr Bills are
dull at 6s. premium. The New Three-and-a-
Quarter per Cents. have been 101 ft to and the
Three per Cents. 99 to 1, with moderate purchases.
Bank Stock has been steady at 229. East India
Bonds have been 295. to 325. premium.
In the Foreign Market there is, by sympathy
with Consols, a partial reaction. Mexican bonds
have been at 27 and since up again to 27 ft /.
Peruvian per Cents. are 85 to 86. Brazilian 41
per Cents. have realised 99. Spanish Deferred
Bonds have been at 23i. Venezuela have a fair
sale at 39 to Russian 5 per Cents. are main-
tained at 119, and the 4-i per Cents. at 103 to
French 4 per Cents. are 1001, with the exchange
at 25 10. There has been a transaction in Australian
Bonds at 85/. Dutch 21 per Cents. are 65 to
The Railway Share Market has been depressed,
owing to the decline in the stocks. Caledonian
have receded 100. to 11., and Great Northern, Lan-
cashire and Yorkshire, South-Western, Midland,
and York and North Midland, have all similarly
given way. The French lines are very dull, and,
in fact, merely nominal. Upper India Scrip has
risen to ft / prem.
The last week's railway receipts, ascertained up
to this day, are in round. figures as under
1853. 1852.
£22,749 £20,523
51,159 52,839
12,269 13,282
12,016 12,013
24,228 24,137
16,410 16,206
9,790 8,768
16,260 11,754

Great Western
North Western
South Western
Brighton
Midland
South Eastern
Caledonian
Great Northern
York and North Midland, Newcastle
and Berwick, and Leeds Northern 24,853 22,682
The Gold Mine Shares have been scarcely so
high, Great Nugget Vein, Noveau Monde, and
Agua Fria being cheaper.
In the Shares of the Land Companies there is
some reaction. Australian Agricultural are down
2/. to 3/. British American Land are still de-
clining.
The Australian Bank Shares are still neglected.

BRITISH FUNDS THIS DAY.
(.From the Official List. )

Business done
Bank Stock
3 per Cent. Reduced Annuities . ...... ........ 99/
3 per Cent. Consols Annuities
New 31 per Cent. Annuities lOll 1
Long Annuities, Expire sth Jan., 1860
India Bonds, £lOOO ......„........
Ditto, under £lOOO 29
Consols for Account 983 3
Exchequer Bills, ld.
£lOOO
£5OO
Small

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent
Ditto 5 per Cent. (Rothchild's) lOOl
Ditto New, 1852, 4i per Cent 99
Equador Bonds
oFrenada Bonds, Deferred
Mexican 3 per Cent.
Peruvian Bonds, 41 per Cent. B5
Russian Bonds, 5 per Cent.
Ditto 41 per Cent.
Sardinian Bonds, 5 per Cent...
Spanish Bonds, 3 per Cent —
Ditto New Deferred, 3 per Cent. 23a 1
Spanish Committee Cert. of Coup. not fun. 6
Swedish Loan ... ............... ... .....
Venezuela Bonds, 36 per Cent. .... ........

PC
dis

Dividends on the above payable in London.
French Rentes, 4i per Cent.
Austrian Bonds 5 per Cent. 10 Gu 2. B5
Belgian 4i per Cent.
Dutch Exchange, 2i per Cent. .... . 651 5
Ditto 4 per Cent. Certificates 95

THREE O'CLOCK.
Consols for Opening 19th July 9B} i x d

DEATH OF THE HON. HINTON SPALDING.—Died at
Bremen, on the 2nd instant, the day subsequent to his
landing there, after a voyage from the island of Jamaica,
the hon. Hinton Spalding, M.D., Custos Rotulorum of
Saint Andrew's, and Member of the Hon. House of
Assembly of that island. His death will be deeply
lamented by all who knew him (including a large circle
of relations), the deceased being endeared to them by
his warm-hearted, benevolent, and generous disposition.
ROYAL ORTHOPEDIC HOSPITAL. —The thirteenth
annual festival of this institution was celebrated yes-
terday at the London Tavern ; the Earl of Shaftesbury,
president of the charity, was in the chair, and about
two hundred of the supporters of the institution sat
down to an excellent dinner. The usual loyal toasts
having been given, the noble chairman, whose speech
was imperfectly heard, in proposing " Prosperity
to the Royal Orthopaedic Hospital," stated that the utility
of the institution was shown by the amount of benefit it
had conferred on a class of persons suffering from peculiar
maladies, viz., diseases of the foot and the spine, which
every one acquainted with the metropolis knew to exist
in a very considerable degree. Referring to the pro-
ceedings of the last year, he found that the total number
of in and out-patients admitted was 1,538 ; making the
entire number relieved since the foundation of the
charity 13,541 ; the increased number of patients during
the past year being 105. The majority of applicants
for relief were from persons of adult age, who were pre-
vented by affections of the foot or spine from obtaining
a livelihood ; and also from youths who, from the
same cause, were unable to acquire a trade ; but
from inadequacy of funds, only a comparatively small
number could be relieved. It was (his lordship said)
much to be regretted that the receipts of the cha-
rity from the usual sources for the year fell short
of the expenditure by 3641. He was happy, however,
to announce that the hospital had received a legacy
of 5001., a bequest from the late Mr. Alexander Mac-
kenzie, a governor of the charity. The contributions
towards the building fund during the year amounted to
4301. 135., including a grant from the Common Council
of 100 guineas, and of that amount 3201. had been paid ;
and the whole amount subscribed since the opening of
the building fund was 1,8691. After some further de-
tails, the chairman concluded by an energetic appeal on
behalf of the hospital, as well on the ground of the
peculiar nature of the diseases therein, as on account of
the great good it had been instrumental in dispensing to
a class of patients for whose relief no similar institution
existed in the metropolis. The healths of the medical
and other officers of the institution were subsequently
given and acknowledged, and a liberal list of subscrip-
i tins a was announced in the course of the evening.