The Sun.
London, England, 1859-06-20 00:00:00

COMMERCIAL INTELLIGENCE.

NEW YORK, June .
Exchange on Europe is flat, and yesterday's prices 7 are
obtained with difficulty by drawers. We continue, however,
to quote sterling bills at 110 to 1101 for 60 days, and 110/
to a for sight ; francs 5.10 to 60 day bills, and 5.81 for sight.
'Money is in fair demand, without excitement in the market.
The banks are offering money on call at 6 per cent., and
several of them are discounting for their customers. In the
street we hear of some extravagant rates for paper which is
considered doubtful ; but lenders of money report that they
do not find it very easy to place their means satisfactorily at
anything over 7 per cent. The news from England by the
City of Washingtonis regarded as holding out a prospect of
a reduction of the rate of interest by the Bank of England,
and a further period of general ease in money matters,
which would naturally be felt in this country as decidedly
as in England.
No further failures are announced to-day. Messrs. Tren-
holm Brothers will send ono of their firm to England to-
morrow, totake care of their bills and hold their cotton for
the bank at Charleston. It is generally expectei that, un-
less a further decline in cotton should take place, the credi-
tors will lose nothing. The liabilities of Mr. Durand, whose
suspension was also caused by the decline in cotton, are
estimated at 300,000 dols. The news per the Cunard
steamer is anxiously expected by the cotton houses. Should
it be unfavourable some further embarrassments may be
expected.
The stock market continues depressed, and prices are
again lower. No progress having been made thus far to-
waM a settlement of the railway contest, New York Cen-
tral was sharply attacked this morning. The price opened
at 721, declined to 721, sold at 71, seller, and close
at 721 bid. Erie was done at 51; the unsecured bonds
at 20. There is a good deal of talk about the proposal
which hes been made by certain parties to lease the road.
The parties offer to pay interest on all the debt from the
date of the lease, and after three years to pay a small divi-
dend on the stock. This would be a great improvement on
the present state of things. The Western stock is lower.
There are heavy sales of them, based on' the dimage done
to cucumbers and cabbages by the late frost. It is doubt-
ful whether the attempt to create a belief that the wheat
crop has been injured will be successful ; in past years
money has been made by these stories, but they are becom-
ing difficult to digest. The truth is, of course, that wheat
is uninjured, though the wheat fly may have suffered some-
what. Bonds are in fair demand ; State stocks are better.
At the second board there was very little business done,
and prices were low r. The following were the last quota-
tions :—Tenesses, 90 to 90k ; Missouris, 84 ; Virginias, 96
to 97; Canton, 182; Cumberland, 15 to 18 ; New York
Central, 72k to 1 • Erie, 53k to 55g ; Harlem, 10 to 10 ; pre-
ferred, 3.5 to 351 ; 71-Ludson River, 31 to 311 f Reading, 351
to 35f ; Michigan Central, 41 to 411; Michigan Southern,
81 to 9 ; do. preferred, 30 to 301; Panama, 1181 to 1; Illi.
nois Central, 55 to 56 ; Galena., 681 to 681 ; Toledo, 2ii to
Rock Island, 58 to 581 ; Illinois Central Bentral Bonds, 80
to 801; Pacific Mail, 691 to 70.
COTTON.—NeiII Brothers and Co.'s Cotton Circular, per
Asia, reports a better feeling in the-American markets, and
holders were showing more firmness under an increased de-
mand. Business in the Southern markets had been resumed
on French and Russian account, 15500 bales having
changed hands at New Orleans in three days, principally for
those markets. The weather for the growing crop had been
more favourable, but there were still large tracts of land un-
der water from the late overflow. It is stated that instruc-
tions have come out by this steamer to withdraw a large
quantity of cotton from the market.
BREADSTUFFS.—FIour—State and Western closed heavy
at a decline of sc. to 10c. per barrel ; superfine State, 6 dole.
35c. to 6 dols. 60c. ; extra State, 6 dols. 85c. to 7 dols. 10c. ;
Southern quiet. Wheat closed dull and heavy at 2c. to sc.
decline. Corn firm, at an advance of lc. to 2c. per bushel ;
mixed Western, 88c.
FRElGHTS.—Freights continued depressed. Cotton to
Liverpool, id.

NEW ORLEANS, June
Sales of cotton to-day, 2,500 bales; middling, 101 to 11.
Sales last time days, 15,500 bales ; receipts same time, 1,200
bales, against 4,500 last year. Stock, 99,000 bales.

RAILWAYS AND PUBLIC COMPANIES.

EAST SUFFOLK.

The opening of this railway has been celebrated
with a banquet given by the contractors, Messrs.
Peto and Co., of Lowestoft. A large party was
conveyed from town to Lowestoft, nearly 120 miles,
in three hours and three-quarters. Sir Morton
Peto, M.P., presided at the banquet, and was sup-
ported on the occasion by the Earl of Stradbroke,
Lord Alfred Paget, M.P. ; Mr. H. Love (Chairman
of the Eastern Counties Company), Mr. J. C.
Cobbold, M.P. (Chairman of the Eastern Union
Company), Mr. H. Bruce (Chairman of the East
Anglian Company), Mr. R. Till (Chairman of the
Norfolk Company), Mr. J. A. Hardcastle,
Sir C. P. Roney, Sir Samuel Bignold, and a large
party of gentlemen connected with the district.

RAILWAY BENEVOLENT INSTITUTION.
The first public festival given by the railway
clerks in aid of the funds of this institution took
place on Friday at the Freemasons' Tavern, and
was numerously attended by the clerks of the
various railways having their termini in the metro-
polis. Mr. Joseph Fisher, one of the principal
clerks of the Great Western Railway, presided,
and the objects of the institution, which are to
provide assistance for decayed railway employes
asylum,
their
lumswweirdowefusliad
yn
detailed.
orphans,Those
and
ho s toe
whoestablish
are
notan
already members were earnestly appealed to by the
chairman to enrol themselves and contribute to, as
well as share, should it become necessary, the ad-
vantages of the institution. He proposed « Success
to the Railway Benevolent Institution, "coupling
with it the name of Mr. Thomas Dixon, the hon.
secretary, who, in reply, suggested that the surplus
funds arising from that dinner should be given as
the first contribution to the building fund, a pro-
posal that was very warmly received. Mr. J. J.
Collier, of the Blackwall ; Mr. Wood, Great
Western; Mr. T. Houghton, London and North-
Western ; and Mr. Crawford, of the Clearing-
house, severally addressed the meeting, and the
proceedings terminated in a satisfactory manner.

passenger
Lincolnshiree r ha s bn
Railwaykilled
falling
nAgiaonui
As there were no means of coin.;
fug with the ward until the arrival at the next
munica i
station it was impossible to afford Apparently in
cheater, Sheffipelasd,.
help.f atal, and no assist-
ance therefore would have been of any avail, but that does
not lessen the culpability of the company, since if the per-
tohfiosAnceasfeoefnitthahleee injury was immediately
son had been merely stunned she must have lain where she ,
fell, exposed to the chance of any succeeding train passing
over her. It is to be hoped that in every instance of acci-
dent which can be traced in the slightest degree to the
absence of proper provision for signalling theexam
gimplrdesju:avees
will inflict the highest severerpltie in, their power. Nothing
will be done until some pecuni,„iy----
been made.
According to a paragraph in the China Telegraph,
the pllanndfioers,twhehich openinwasgfixofedthfeorl9thf: Ist free ports
, vintahseuDnucah
East .
gone serious modificatio4. ()win_ to
5 protest from the
Protectionist party in Amsterdam and Rotterdam, the im-
portation of cotton and woollen manufactures is ;till to be .
prohibited.
RIOT AT CANTERBURY.—A correspondent has
sent us a brief account of a serious riot which took place at
dispute appears to have arisen bo.Canterbury on Saturday night. Several soldiers were
wounded, and one man, just returned from India, is said to
have been killed. The dip
tween the cavalry and infantry,
ma low neighbourhood
called Knot's-lane. Some of the residents went out armed
with sticks, and a fight took
Strong withth
patrols
astorlod Ilse rsw
e. r
eThe
riot commenced again last nigta.ce
to keep order. One man was so much hurt that he was
taken to the hospital.