The Sun.
London, England, 1855-10-16 00:00:00

N E y
AEA I KE T

AND

COMMER.CIAL INTELLIMENCE.

CITY, Two O'CLOCK.

In the Liverpool cotton market yesterday there
existed a good demand, and prices were again
slightly higher, all kinds being now id. per lb.
higher than on Friday. The market closed firmly,
with less spirit, however, than it opened. The
sales were 12,000 bales, including 1,000 on specu-
lation, and 2,000 for export. 150 hales Pernam
and. Maranhant at 6id. to 7d. ; 20 BThia at skl. ;
400 Egyptian at sd. to Bid. ; 1,200 Surat at 3id.
to 4d. ; and 100 Sea Islands at 10id. to 14d., and
seine :few lots at is. 10d. per lb. In the Rail way
Share Market then was a very firm feeling, and a
large business was done.

Ac counts from the Continent mention that the
Prussian Government had prevented the Bank of
13erlii a raising the rate of interest,, although the
direct ors of that establishment had come to the
resolution to do so. -Upon the subject of the Sound
Dues it-is stated that the approaching Congress
will b e held at Copenhagen, and the period men-
tione d in the invitation to the Prussian Govern-
men t to send a Plenipotentiary is the latter end of
No' vember. •

Some interesting particulars were received yes-
terday from America, in reference to the shipping
interest. During a long time low rates and unpro-
fitable engagements have existed, but this state of
affairs appears to have become quite changed, in
consequence of the large crops and the active
demand on foreign account. The scarcity of
shipping was felt both in the North and
South, and freights were so high that it
is mentioned a vessel capable of carrying 200
bales of cotton to Liverpool would earn on its
passage about 16,000 dollars. So many vessels
belonging to the United States are in the transport
service of ,the Allies, and the trade from America
to India, by California, having so much increased,
the scarcity will not excite much 13urprise. Ex-
porters were rather afraid that their operations
would be interfered with, especially in reference to
the cotton trade.

A circular has been issued by Messrs. Cunard,
Munu, and Co., of Liverpool, the extensive bro-
kers for the sale of ships, ship valuers, &c., an-
nouncing their dissolution of partnership ; the
business to be carried on in future under the name
of Robert A. Munn and Co.

Thefluctuations of the money market, the eighths
and the quarter per cent. of the prices of stock,
are, however, of little consequence day by day as
they may and will happen. The great and the
vital affair comes to this, as every body of common
sense must long have understood to be the inevita-
ble result (so says an old and esteemed correspon-
dent whose convictions we are recording, and which
are in accordance with those of The San), that the
interminable confusion. created by Peel'4 Bill for
annihilating credit and making a god of metallic
values, under the mistaken impression that
gold is the sole or the chief representative of capi-
tal, is approaching its third fulfilment, the last
being the crisis of 1847. A morning paper repeats,
what should be well known to the readers of The
Sun, that the Banks of England and France have,
within three years, lost twenty-eight millions of
their metallic capital; that is, that three or four
years ago they held jointly fifty millions of gold
and silver, chiefly the former, and now they hold
together some millions short of one-half of that
amount. There are millions to pay up yet of a
thirty million sterling loan in France, and of mil-
lions more of Turkish and home loans in London.
Austria is in the market besides for millions of
metallic money ;—the market is flooded with
American Railway Securities—and, as some great
capitalists well know, there are smaller, but in the
aggregate large, European loans undertaken and
weighing heavily on the money market besides.

This is a gloomy view of affairs, which is given
as received. Tile annihilation of credit, as asserted
by a correspondent, by Peel's Bank law, gives the
'solution of all these recurring financial embarrass-
meats, of the ruin of wealthy firms, and the inse-
curity of all property in a realisable sense.
In the meantime industrial affairs are far from
flourishing. In France manufacturers are somt -
what better off, but the people worse—with famine
prices of food. The Banks of France and England,
that is the 'Directors, are cogitating about what is
to be done. We await the result of the delibera-
tions of Count D'Argout and the Governors of the
Bank of England. Both the one and the other are
selling securities to buy gold, but buyers are getting
scarce.

The English Stock Market opened this morning
'at a decline of about per cent., Consols being
881 to 881 for November 8. The tightness of
money, and the inclination to speculate for the
d cline, are the circumstances in operation against
prices. For rnmey the quotations have been
87i but are now 8711. Bank Stock is at 207 to
209. Exchequer Bills have declined to 7s. and 3s.
discount: The New Three per Cents. are 871 I,
and the Reduced sei 1.
Turkish Securities have been unfavourably
affected by the heaviness of Consols, and the ap-
proaching instalment on the New Scrip. The old
Bonds have been 79i to 801. The New Scrip is 4
to 38 discount. French Scrip is flat at premium.
Sardinian Bonds are quoted 85, Dutch 2i per
Cents 64 to 641, Peruvian 3 per Cents. 52, and
Mexican 21k. There have been dealings in Cuba
7 per Cents. at 101, in Equador at 4/, and in
Grenada active at 181.

The following are the nominal prices of foreign
stocks: Grenada Deferred Bonds, 18 to 20 ;
Mexican, 21i to ; Peruvian, 72 to 74 ; 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, 371 to 38i ; ditto Three
per Cents., 191. to ; ditto Certificates, 44 to ;
ditto Passive, 41 to 5.
Railway Shares are generally lower, and, ex-
cept in the principal lines, the tran.altions are
limited. The decline in several cases is 1 per cent.
compared with the highest prices of yesterday.
The foreign lines are very dull, and mostly nomi-
nal. Great Western of Canada are now quoted ex-
dividend. Paris and Lyons are flat.
The Mining, Banking, and Miscellaneous Shares
are abOut the same as previously.

BRITISH FUNDS THIS DAY AT ON
Pront.the ()Anal Lig:,

ibrina., ,01.
Bank Stock .......... ... 2O 7 9
3 ',or Uubt,. Reduced Annuities... B6'
ei
3 per Cent. Consols Annuities B7# a * a
Thy; 3 per Cent. Annuities .
L ma Annuities, Expire sth .Tan., igen
.. 8-71
1885 16 i
Ditto 30 Years, Expire sth April,
India Bonds, laiP)o . ...... .., .‘
... _
Ditto, under £l.OOO ........... 1 p
.. 2
con ls for Account, Bth N0vember........... 87dp
i
Eichequer Bills, 21.: i 2d.
21000 ............. ~....... ..... 7 3 I 7 3
£,500
I 3 6 2
Imali 3 6 2
•3 per 9
4Cent.;.. 81---A
E (chequer Bonds 1858,
Ditto 1859, #f 9Bi i I
PRICE OF FOREIGN FUNDS AT ONE O'CLO 4) 8..
Brazilian Bonds 5 per Cent.
Ditto New, 1852, 4A per Cent .....
Newßrazilianßonds, 1829 & 39, 5 per Cent.
Ditto Small
Cuba 7 per Ct. (Matanzas & Sabanilla Bonds) 101
.Kquador Bonds
Grenada Bonds, 1} per Cent.
Ilbxican 3 per Cent.

Ditto for the account ' 21.1
Peruvian .Bonds, 4i per Cent.......,.. .....
Ditto 3 per Cent.
B4rd:nian Bonds, 5 per Cent.
Tarkiish Bonds, 6 per cent BO 791
Ditto' for the account 791 814
Ditto New 'icrip, 4 per Cent.
Ditto for the Account 3i 41 3t 4 d 3B
nttadends on the above payable in Lonlon.
French Berates, 3 per Cent.
Ditto Scrip 2nd Loan of 1855 4 pm
D itch Ssehango, 26. per Cent. 12 Gail 641 4

Consols HALF-PAST TWO.
Ditto for tho Aco onn t 874

WRECK OP THE TECOR—The schooner Thor was re-
cently wrecked near the harbour of Lossiemouth, through
the intemperance of the captain and crew. The Coast
Guard boarded the vessel, but the captain positively re-
fused to leave her. They again boarded her, and had to
drag the drunken captain on deck, as also a sailor, who
refused to leave without him, and having slung the for-
mer to the life-buoy, gave the signal to them on shore,
and he was hauled through the surf to the land. The
vessel soon-after went to pieces: