The Sun.
London, England, 1855-07-28 00:00:00

MONEY MARKET

COLTY r 7r.

''V('F.

t~r';11

The CITY, Two o'CLoati.
Cotton Market at Liverpool yesterday
Was heavy, with a decline in American descrip-
in" of id. per lb. The sales were estimated at
4,000 bales. Fair Uplands at qd., Mobile at
6id.) and Orleans at 7d. per lb. The sales of the
Week have amounted to 34,670 bales. The Rail-
way. Share Market closed flatly, without much
business doing.
The tallow trade has assumed a very firm appear-
ance. Iu their circular Messrs. Smith and Charles
state

`` Our statement as regarJs the probable demand has
Zeen realised to some extent at an earlier period than
_e had anticipated ; the demand this week has been
very large both for Continent and for Home use, and
Prices have almost daily advanced. The position of the
speculative account for this month has assisted this ad-
haoee, as it appears now pretty evident that some parties
sold tallow for a decline in July, which up to the
present time they have not brought in ; and as holders
relieved by the actual demand of as much as they
care to sell, those who have to purchase to fulfil con-
tracts for the month find their expectations are disap-
tniilnth) The advices from St. Petersburg are to the
July,'ex 36;1 I. About 1,000 casks taken on
liavespot at 115 to 116, but nothing done for August Be-
ery, Horses were scarce and carriage was quoted 90
to cops,"
fThere is a change perceptible just now in the
neY-Inarket which we foresaw and predicted
in the period when the French and Turkish loans
ode announced. Admitting even that there might
be much of the former allotted to parties here,
We were satisfied that large remittances would be
made in the attempt to get them, and that tempo-
'.ily these would create some scarcity of cash,
101:uile the sum to be provided for the Ottoman
o e"vernment will be still more direct in its in-
nee, as it will at intervals be all drawn
4r°1711 England and France in bullion. Already
io'Z'rkeY must have largely benefited by our Com-
Zsuziat expenditure, the expenditure upon coals
bene) as stated officially in the House of Commons,
b a serious item for us, apart from what has
the
disbursed by our Allies on the other side of
r Channel. Those who are wont to indulge in
pmY anticipations talk of a material rise in the
Jslue of money before long, if the war goes on, and
tit, the steady and continuous exportation of
hue precious metals ; and although we can
8.4" no doubt that the conduct of expen-
817e hostilities abroad must, in a certain mea-
lre) drain us, we should be disposed to take a
1);:)Peful view, provided the country obtains the
t,,,.essing of average wheat crops. Within the last
g" ° days discount accommodation has been more
Plght after, and the gold and silver from America,
741stralia, (c., large as is the amount, viz., about
a million sterling this week, has been bought up
almost as soon as it arrived for reshipment to the
jentioent and to China. The Bank of Eng-
P " is feeling the effect of this, as is clearly
Pti ere •
tet eble from the nature of the last two
1111. The balance-sheet for the week to
the 21st instant is more significant even than
de Previous statement, a large amount of private
raiPosits having been withdrawn, the usual preli-
IlLarY to applications for larger discount facilities.
the%_eulcl, nevertheless, be borne in mind that upon
1)0,4'; st payment of the quarterly dividends, a pro-
da-"oil of them is lodged in the Bank for a few
attYosrnbY the bankers who receive under powers of
the. eY) and these have to remit shortly after to
_ clients. The reduction in the Government
Zeurities must be due, to sales by the Bank of
thn,..g„sland, or the repayment of loans obtained upon
xie-C; The falling off in the bullion is considerable,
thew,'thstanding the large imports. Compared with
A.",,,t,evious week, the alterations are as follows :-
--"ve circulation £20,772,865
tiim Decrease 206,005
. 16,644,152
Rest. Decrease 684,744
3,252,303
Increase 31,023
Deposits 3,178,033
n
uth ca 367,019
er Deposits se •
13,604,109
Seven-Day
Decrease 1,444,344
"-Day and other Bills
Increase
Government Securities 13,071,978
5 Decrea5e....
"her Securities 12,706,108
Increase 24,275
Notes unemployed 9,207,945
TDecrease 445,075
&neva was a decline yesterday afternoon in the
fetes at which bills of exchange were negotiated
e upon most parts of the continent, France ex-
(ired• Amsterdam, 90 days, was dono at 11 184
tei ; Hamburgh at 13 74 to 7 ; Trieste, 12 2
12 6 ; and Paris, 25 30 to 32?.f.
du-LJae shipments of bullion direct from London
ounces the week ending Thursday comprised 1,800
ti ;,:lees of gold and 7940 f silver.
Where is a heavy market again for public securi-
-4) the quotations of Consols for Transfer being
,:) 90'& and for Account-7,„. Bank Stock
214ueell firm at 214 too 215. Exchequer Bills at
to 2 interest have been 215., and those at 2d. 19s.
be,,,28. Premium. The New Three per Cents. hay.
to i" 921 to 92g. Exchequer Bonds have been Z.
118. Per cent above par. The reduction in the
4k bullion has partly contributed to the existing
fatness
v. •
veLie foreign market, Turkish bonds have been
blie,urin at 901 to and Peruvian at 80 to 80,1,
Ilatt"ith much less doing. Mexican stock has been
(leo rat 234 to . French 3 per Cents. have been
0146-1,,t 66, with the exchange at 25 5. Brazilian
eeoriads have been marked 102. Russian 5 per
Clk 8* have touched 1011. Dutch 21 per Cents. are
ateei;e following are the nominal prices of, foreign
eau !!!---Grenada Deferred Bonds, 6 to 7; Mem-
Per'e,`4 to 21i ; Peruvian, 80 to 81 ; ditto Three
43 i-,,ents., 57 to 58; Portuguese Four per Cents.,
(litt-o" 45 ; Russian Five per Cents., 100 to 102 ;
Four-and-a-Half per Cents., 89 to 91 ;
N'ttsh New Deferred, 184 to 181 ; ditto 3 per
ditto 361 to 371 ; ditto Certificates, 44"t0 41 ;
1: Passive 4to 41.
resit .the Railway Share market business has been
tiopeted, and there is some flatness in the quota-
have Nevertheless some of the shares appear to
• and
North
rather " oversold
a," and upon L tioond„onf
toj' °I'M-Western there is " backwards on of
"°
Per cent. Midland are 1 lower, and also
IV4ieshire and Yorkshire. Caledonian and South
Armes) Great Western and North-Western are
citioter* Poreign Shares are duller. Sciudo are
1,,?(1 with 51. paid.
lAtll4e foreign mines are steady. Cobre copper are
are r
hig firmer. London and Westminster Bank
h 110.1.4 her. Oriental scarcely so good. Land
es are quiet.
Ekris

'a FUNDS THIS DAY AT ONE O'CLOt':E.
/Prom the ONcial List. )
8 tht Buqiness done
311-"ser e
gtock
215 14
3
Per Gilt. Reduced Annuities... 9l A
k Cent 1",
,onsols Annuities 9092i g
4
toklBl',or Cent. Annuities
'hell Or Account, Bth August 9Ol
lamer Bills, 2id. I
t 4.00 ............ ..... * 2l I
kt tael/ 2l 1
21 5 I
,_
.. • ............. • lit,e'llier Bonds 1858, 2i perlo4 1
11 108 Gti.
1 is .- FOREIGN FUNDS AT ONE O'CLOCK
10:44z1c2.4;111°pnerd3C5enpte.r C . t
ea . . lO2
21i i
4415.,"/1 Bonds, 4i per Cent
ti -41 b SO I
kiNa Rends, 1822, 5 per Cent. £st Fa i
1, Ditto ~11°Rds, 3 per Cent '
Lltkiti 'low Deferred, 3 per Cent.
ii,_ 1 r,.llo:cls, 6 per cent 9oi i.l
'eneh ..1 wends on the above payable in London.
, biths ttentes, 4i per Cent —
'utlteil";_o Per Cent. , ., 65f. ex 2.7,f. Sc
'zehange, 2A per Cent. 12 Gull 643

2d.
19 22

O'CLOCK.
TWO
90i
Consols
Ditto for the Account..

20
40 a
20 al
20 al
20

20 a/
10 al
20 2s
20 al
20 11