The Sun.
London, England, 1855-05-05 00:00:00

Lr'',IONEY MARKET

AND
lIIMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The cotton market at Liverpool yesterday was
steady, with an upward tendency in prices. The
sales amounted to 12,000 bales, making the total
for the week 106,790 bales. Fair Uplands brought
5d.; Mobile, Nd. ; and Orleans 6,1 d. per lb. Rail-
way Shares were quiet, though firm.
The necessity for an early cheapening of the
value of money by the Bank of England is demon-
strated further in the weekly return to the 28th
ultimo. The bullion, notes unemployed, and de-
posits were still increasing, while the securities
representing discounts and loans were again smaller.
The following were the alterations compared with
the previous return :
Active circulation £20,359,680

Increase
Bullion
Increase
Rest

- 76,815
15,499,409
443,909
3,131,759

Increase 3,897
Public Deposits 4,468 013
Increase 17,349
Other Deposits
Increase
Seven-Day and other Bills
Decrease 43,715
Government Securities 14,214,373
Decrease 60,000
Other Securities 12,944.224
Decrease..
Notes unemployed 8,432,105
Increase

Yes er‘lay afternoon bills of exchange on Ham-
burgh and Amsterdam were taken at barely pre-
vious rates, but in Paris, Frankfort, and Trieste
there was no change.
Official returns give the following statement of
new vessels built anti registered last year in the
United Kingdom :—Sailing vessels 3,078, tonnage
625,121 ; steam ditto 173, tonnage 22,488.
The number of vessels belonging to the United
Kingdom that were wrecked last year was—sailing
ships, 721, of 160,038 tons ; and steamers, 17, of
8,8)5 tons. The number of ships broken up was
74, of 9,975 tons. The foreign- built vessels regis-
tered here were 267, of 97,641 tons, last year.
Last year 5,374,551 tons of British, and 3,786,815
tons of foreign shipping were employed in our
trade. The tonnage of Canadian ships registered
here in 1854 was 15,746, and of New Brunswick,
21,316. There were last year 647,609 tons of ship
ping sold and transferred to the United Kingdom.
In order to give effect to the arrangement entered
into with the Honourable East India Company, a
call of 4/. 18s. per share has been made by the
Scinde Railway Company, payable on or before the
28th July next, upon which interest at the rate of
5 per cent. per annnm, and upon all sums paid in
anticipation of calls, will accrue from the date when
the same is paid into the Treasury of the East
India Company. •
The shipments of bullion direct from London
during the week to Thursday last were 92,200
ounces of silver, 500 of gold, and two tons of copper,
all to the Continent.

There are no arrivals to-day with later Colonial
news.

The very important intelligence from Sebasto-
pol, dated as late as yesterday morning, has had a
beneficial effect upon the value of Public Securities,
and the chances now are more in favour of an ad-
vance prior to the settlement of the account on the
10th inst. owing to the abundance of money and
the scarcity of Stock. Consols, which left off yes-
terday at 88i to 89, have this morning been quoted
89i to both for money and time. Bank Stock has
been firm at 211. Exchequer Bills are 6s. to Bs. prom.
The Omnium has risen to premium, and the
New Annuity to 16,1 5-16ths. The ew 3 per
Cents. are 881 to i
The meeting-in favour of Administrative Reform
absorbs attention in the City this morning, to the
exclusion of almost every other object, and there is
no possibility of one half the number who desire to
obtain admission being able to get in. '
Foreign Securities have been dull, though all
rather higher. Turkish Bonds have improved to
73a and 74. Equador Stock is worth 3i, and
Grenada 15k. Dutch 2i per Cents. have been at
63g. The Spanish Certificates e,re heavy at 4.
The following are the nominal prices of foreign
stocki :—Grenada Deferred Bonds, 6to 6 ; Mexi-
can, 201 to 21 ; Peruvian, 69 to 71; ditto Three
per Cents., 47 to 49 ; Port uguese Four per Cents.,
11 to 43 ; wissian Five per Cents., 98 to 100 ;
ditto Four-and-a-Half per Cents., 87 to •89;
Spanish New Deterred, 18 to 18k ; ditto Thrpe
per Cents., 36 to 36i ; ditto Certificates, 4 to 4i ;
ditto Passive, 31 to 4.
Railway shares have been more dealt in, and at
fuller quotations for Midland, Caledonian, Great
Northern, and Brighton. The Foreign shares are
also in greater request, and there is a rise in the
Paris and Lyons, Scinde, and some others.

United Mexican Mine shares are heavy at yes-
terday's reaction. Oriental Bank are higher,
Crystal; Palace are steady, and Canada Govern-
ment Debentures are up to

BRITISH FUNDS THIS DAY AT ONE Ovu

(Prom £he Of

Business done
Sank Stock
3 per Cent. Reduced Annuitie5...
3 per Cent. Console Annuities
New 3 per Cent. Annuities
Long Annuities, Expire sth Jan. 18140

Ditto 30 Years, Expire sth April, 1885 16.1 5-16
Consols lor Account, 10th May 894 3 i 3
Omnium
exchequer Bills, 24d.
£lOOO
Small . 10 7
PRICE OF FOREIGN FUNDS AT ONE O'C,LOCK.
Equador Bonds
Grenada Bonds, 1a per Cent.
Grenada Bonds, Deferred
Spanish Committee Cert. of Coup. not fun 4
eurkish Bonds, 6 per cent —
Ditto for the Account
Ditto Small
Venezuela Bonds, 3* per Cent.............
Ditto Deferred, 1 per Cent 6
Dividends on the above payable in London.
Dutch Exchange, 2* per Cent. 12 sail 62i
Ditto 4 per Cent. Certifieates ........
TWO O'CLOCK.
Consols B9, 3
Ditto, May Account

ADMINISTRATIVE REFORM.—A private meeting of in-
fluential gentlemen has been held in Birmingham, with
the view to adopt means of co-operation with the move-
ment in the metropolis for the promotion of the above
important object:
SEIZORE.—STAROROSS, MAY 3.—The Ackbar (brigan-
tine), from Venice to Hamburg, with madders and dye-
stuff, has been seized by the Custom-house and Coast-
Guard authorities, and brought into this harbour on sus-
picion of being a Russian.
MARSEILLES, May I.—An order has been received
here by the military authorities to prepare to embark a
complete battering train of 280 pieces of heavy artillery
and two divisions of infantry. In the meantime the
shipping of detachments of infantry, cavalry, and artil-
!ery for the regiments in the Crirdea proceeds without
interruption. As a remarkable example of what may
be accomplished by active and efficient agents I may
mention that the Peninsular and Oriental Company's
steamer Ripon, which arrived here from the Crimea on
the 22d ult., embarked, under the direction of Messrs.
Robert Gower and Co., 35 officers, 1,100 men, and 13
horses, and sailed again for Barniesch on the 27th, while
other steamers have been lying is the harbour for six
weeks.