The Sun.
London, England, 1855-11-05 00:00:00

MONEY MARKETI

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocz..

In the Liverpool Cotton Market on Saturday the
sales were estimated at from 8,000 to 10,000, of
which 1,000 were taken for export and 500 on
speculation. They included 20 Bahia 5/d. to 6d.,
300 Egyptian Sid. to 7d., and 1,000 Surats
to sd. per lb. The market closed with an upward
tendency. Compared with Friday's rates prices of
American were 1-16th more against the buyers.
All other sorts were unchanged. The Railway
Share Market was heavy, little business being done,
and prices were lower than on Friday.
A telegraph despatch from Madrid, of the 3rd
inst., announces that the Junta of Tariffs has de-
dared that the exportation of bark for tanning and
making cork is open from that date. The sale of
clergy lands, on the Ist Nov., included 2,079 pro-
perties. Their total value, as sold by auction,
amounted to 21,010,056 reals, and the price
fixed by adjudication on account of the Govern-
ment is 40,680,228 reals. Thus leaving a balance
of 19,070,772 reals to the credit of the State. The
quit rents redeemed up to that time had amounted
to the number of 1,513, of the value of 6,528,172.
It will be remembered that one-half of the issue
surplus monies accruing from the ecclesiastical lands
in Spain will be appropriated towards the liquida-
tion of the floating debt of the State.
Saturday on the Paris Bourse showed a favour-
able improvement in the value of the French funds.
The 3 per cent Rentes, at the close of the day, bad
advanced 50 centimes on the morning's prices, both
for money and account. In the Share Market
there was a similar improvement, and shares of the
Credit Mobilier, which have been falling during
the last fortnight, were on the rise. Shares of
the Credit Foncier were firm at an advance
on previous prices, and Austrian Society shares,
which bad touched a fall of 30f., had rallied to
within sf. of the preceding week's quotations.
Bank Shares remained steady, without variation.
Railway Shares, which bad declined up to Friday,
recovered, in consequence of the favourable weekly
reports published, which showed an average in-
crease in the value of the traffic on the pripcipal
lines from 10 to 15 per cent. al:ove the corresponding
week of 1854. _ .

The advices from New York received this morn-
ing state that there had been a panic in the stock
market. Although money was comparatively easy,
and the banks were able to retain the Californian
receipts, there was very little confidence in
the future, as it was considered that a
renewal of specie shipments to Europe would
soon recommence. The last official statement
showed an increase in the amount of specie
held by the banks of 1,322,845 dollars compared
with the previous week. The exportation of bread-
stuffs continued very active, principally to London
and Liverpool. As regards the importation of mer-
chandise generally, there was a material falling off.
From Ceylon we learn that the fine weather
which had prevailed was rapidly ripening the
coffee, the picking of which continued throughout
most districts. The plantation of this staple was
increasing, and forest land was in demand. There
was a good supply of shipping.

The market for English Stocks has rather an up-
ward turn, owing to the fact that very little is said
in the American papers upon the subject of a pro-
bable misunderstanding with this country. In
Stock Exchange circles many aro of opinion that
the affair is settled. Consols opened at 88i for
money, and 88i 4 for account. For a short
time they were even rather higher for the latter,
but when an advance of 2s. per quarter in the corn
market was announced they declined to 881 sellers.
For the December account they have been 88/ 4.
The New Three per Cents. are 88 to 88?,, and
the Reduced 874 Exchequer Bills are worth
Bs. to 45., discount being higher.
In the Foreign - Market the most important
change has been effected in Turkish Bonds, the
6 per Cents. being 79i and the New Scrip 2/
discount. Sardinian Bonds are 84k, Grenada
Active 191 to 20, and the Deferred 61 to 7.
These are the only dealings recorded, the market
being very dull.
The following are the nominal prices of foreign
stocks ; Grenada Deferred Bonds, 6i to 7 ;
Mexican, 191 to 1 ; Peruvian, 73 to 75 ; ditto Three
per Cents., 53 to 54; Portuguese Four per Cents.,
43 to 45 ; Russian Five per Cents., 95 to 98 ;
ditto Four-and-a-Half per Cents., 85 to 88; Spanish
New Deferred, 19i to # ; ditto Three per Cents.,
371- to 8 ; ditto Certificates, 4i to # ; ditto Pas-
sive, 5} to #.

The railway meetings announced are the follow-
ing :
Company. Date. Place.
Cork, Blackrock, Sc Passage Nov. 30, Cork.
Eastern Counties
Glasgow, Barrhead, Nielston Nov. 6, Glasgow.
Lancaster and Carlisle Nov. 7, Lancaster.
Manchester, Sheffield, and
Lincolnshire Nov. 8, Manchester.

In consequence of the improvement in the Funds
most of the Railway Shares rule higher, and rather
more business is doing. Some of the principal
lines are fully to per cent, better, as compared
with the latest quotations of the last week. The
Foreign undertakings show very little alteration,
owing to the limited number of transactions en-
tered into. The Canadian lines are rather firmer.
In the Miscellaneous Market Canada Land Shares
are. 101. better. Banking and Mining Shares are
steady.

BRITISH FUNDS THIS DAY.-CLOSING PRICE. S,

(From the Official List.

Buqines don,

Bank Stook
3 per Cent. Reduced Annuities 874 i
S'per Cent. Consols Annuities
New 3 per Cent. Annuities
Inng Annuities, Expire sth Jan., 1860 -16
it Dittc 30 Years, Expire 10th Oct., 1859 31
Ditto 30 Years, Expire sth Jan., 1860 3i
Ditto 30 Years, Expire sth April, 1885 16 15-16 }
India Bonds, £lOOO
Ditto, under £lOOO 9
Bank Stock for Account • 2o6j

Consols ;or Account BB -2
a
Exchequer Bills, W.
£l000

£5OO 4 3 2

Small • ••••
Exchequer Bonds 1858,3 i per Cent.... 98
Ditto 1859„, ~. 98
PRICE OF FOREIGN FUNDS THIS DAY.
Grenada Bonds, li per Cent.
Grenada Bonds, Deferred 7 4
Dl3xicau 3 per Cent.
Ditto for the Account l9i
Peruvian Bonds, 4i per Cent....., .. ......
,'-' Ditto for the account 74.
SXI dinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent —
Ditto New Deferred, 3 per Cent.
Ditto for the account l9i i
Ditto Passive
54
Tarkibh Bonds, 6 per cent
Ditto for the Account 791 i
Ditto New Scrip, 4 per Cent.
Ditto for the Account 2l i d
Dividends on the above payable in London.
THREE O'CLOCK.
Consols
Ditto for Account, Bth Nov BB4