The Sun.
London, England, 1855-10-11 00:00:00

TONEY 3IARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, THREE O'CLOCK.
The Bank Board has just broken up, and no
alteration has been made in the rate of discount.
Consols have not varied since the Bank determi-
nation became known.

CITY, Two o'CLocK.

The Liverpool cotton market yesterday closed
with much heaviness and irregularity compared
with Friday's rates ; prices of all kinds were id.
per lb. The sales were estimated at 7,000 bales,
comprising 500 American (for export), 200
Egyptian, 6d. to 71d. ; 700 Surat, 3id. to 51d. ;
40 Sea Islands, 11d. to 2s. Total since Thursday,
26,000 bales-3,000 bales export, and 1,000 on
speculation. The business of the Railway Share
Market was inactive, and there appeared to be a
marked decline.

Of the indigo sales up to last evening Messrs.
A. W. Jewesbury hand Co. give the following par-
ticulars :—" Bengal and Kurpah of desirable
quality have maintained yesterday's rates, but or-
dinary Oudes are 4d. per lb. under last sale. 33
chests of Madras passed to-day, the quality mid-
dling and ordinary, and realised from last sale's
rates to 3d. per lb. advance. 934 chests have
passed to-day, of which 35 were withdrawn, 79
bought in, and 820 sold. Total passed 1,710 chests,
of which 1,490 chests were sold."
In the files of papers from Lima we find the re-
port of the commission appointed by General Car-
tillo to investigate the increase made in the Internal
Debt of Peru, under the late administration of
Echenique.

It says, that of the increase of 19,000,000 of
dollars to the debt under the former regime,
upwards of 12,060,000 were illegally created,
under pretext of indemnity for injury done
to property during the War of Independence ;
that claims were presented and allowed to a
fabulous amount, for the slightest injury ; that
others are well known to be quite imaginary ; that
there has been collusion of witnesses, falsification
of documents, fraud in the proceedings, and omis-

sion of indispensable legal steps in substantiating
claims. It further states that as regards the sum
of $2,800,000 allowed for arrears of pay by the late
administration, the commission believe it to be ex-
cessive, but have not as yet been able to fully in-
vestigate it. This report thus confirms all the
statements made by the old committee of the man-
ner in which the internal debt was increased.

During the whole of the morning there has been
a feeling of the utmost uncertainty and suspense
regarding the course which the Bank of England
might find it necessary to adopt as to discounts.
On the Stock Exchange the expectation almost
amounted to a confident belief that the advance
would be made, and up to this hour, the Bank Court
not having yet adjourned, business is compara-
tively at a stand still. Matters having improved at
Paris there would have been some ground for the
hope of greater ease, but, as many other circum-
stances are acting in combination, it is really diffi-
cult to form any opinion as to the future course of
events, although a great deal of the pressure, we
feel perfectly satisfied, is merely artificial, and in-
duced by apprehension rather than actual want
of accommodation. Even the method by which the
Bank of France has been obtaining its supplies of
gold is still discussed, and contradicted by different
parties, but we have no doubt the correct version
is pretty nearly what has been given, although
auxiliary means may have been employed, such as
the deposit of Government securities. It is obvious
that besides the Bank of France, the. Austrian and
Russian money markets have been embarrassing us.
The Stock Market has been the arena of consi-
derable excitement, although, as merely represented
by the business done, no one who was away from
the market would have an idea that there was
otherwise than a passive state of things. The
cause may be understood, however, from what is
mentioned above viz., great anxiety to learn
the determination of the Bank. If we thought the
exportation of bullion could be stopped, we should
have little regret concerning temporary excitement
in the Stock Exchange or a fall in Securities ; but
we doubt the power of the remedy, and lament
that it is our interests which so cruelly suffer.
Consols have been 86± to I for money, and 86i /
for account. At present the " contango" has gone
off a little. New 3 per Cents. have been 86i to
and the Reduced 85i to Exchequer Bills have
declined 7s. and 3s. discount. Bank Stock is at
207 ex dividend, and East India Stock at 228.
Foreign Stocks are but little dealt in, with the
exception of Turkish, which is still subjected to the
depressing influence of speculative sales, bringing
forward real holders who are timid, to part also
With their securities. Even as contrasted with
Consols the decline is already so great that it
would appear senseless of any one who bought the
4 per cent. scrip as an investment now to sacrifice
it. The reaction is already 3to 4 per cent, more
than in Consols, the prices this morning having
been 411 to 5 discount. The 6 per Cent. Bonds
have been 80/, and since 791 to Spanish 3
per Cents. are 371. Mexican realise 20k, and
Equador

The following are the nominal prices of foreign
stocks:—Grenada Deferred Bonds, 18 to 20; Mexi-
can, 214 to 21A ; Peruvian, 71 to 73 ; ditto Three
per Cents., 52 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, 37i to 38 ; ditto Three
per Cents., 191 to 19g ; ditto Certificates, 3i to
4i ; ditto Passive, 41 to 5.
The last week's railway receipts, ascertained up
to this day, are in round figures as follow :

Great Western
North.-

1855. 1854.
£28,383 £23,986

..-Western
South-Western
Brighton
Midland
South-Eastern
Caledonian
Great Northern
Lancashire and Yorkshire 20,718 20,115
North-Eastern
In Railway Shares there is not much alteration.
Still the tendency of prices is downward, and a
slight decline is, in most cases, noticeable. There
is rather a larger business doing, though the mar-
ket is by no means active. The French shares
nominally support yesterday's improvement. Great
Western of Canada are flatter. At the forth-
coming meeting a dividend of 8 per cent. will be
declared, and the statement of accounts and general
prosperity will be encouraging.
Mining Shares attract scarcely any attention,
and the dealings in Banking shares are contracted.
Australasia are drooping. Canada Land are heavy
again, being 135. General Screw rules 10 lower.

BRITISH FUNDS THIS DAY AT ONE O'CL(-;,
( Prom the Ogeial List.
,)

Bank Stock ..........
207
x d
3 per Cont. Reduced Annuities... B5. a # x d
3 per Cent. Consols Annuities
NM 3 per Cent. Annuities
L nig Annuities, Expire sth Jan., 1860 -16 a x d
India Stock
rjonsols ?or Account
Exchequer Bill; 2id. 2d.
21000 ...
.....
£5OO 73 73
Small
Exchequer Bonds 1858, 3i per Cent 9B i
Ditto 1859, „ 9B tt
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Chilian Bonds, 6 per Cent
Equaclor Bonds
AZ ixican 3 per Cent.
Spanish Bonds, 3 per Cent 37i
Spanish Committee Cert. of Coup. not fun 4 p c
Tarkit,h Bonds, 6 per cent —
Ditto for the account BOl 791 A x a
Ditto New Scrip, 4 per Cent.
Divt•londs on tho above payable in London.
Dutch Exchange, 2i per Cent. 12 Gull
Ditto 4 per Cent. Certificates .....„_ 934 x d

Consols HALF PA Two.
F6i
Ditto for the November Account 86 i

LARGE IMPORTATION OF RUSSIAN TAR.—PORTS-
MOUTH, Oct. 9.—The Alderman Thompson, of. Sunder-
land, is unloading to-day a heavy cargo of tar, for the
use of her Majesty's dockyard at this port. The cargo
consists of 2,000 barrels, each containing from four to
five cwt. of the best tar. It is Russian produce, and
Was shipped at Stockholm, having been sent there from
various places in Finland. -