The Sun.
London, England, 1855-07-18 00:00:00

MONEY- MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.
The Cotton Market at Liverpool yesterday
_closed steadily, at the extreme rates of Friday
last. The sales were estimated at 6,000 bales,
(1,500 of which were taken on speculation). The
Railway Share Market was dull, with a downward
tendency
in prices.
The next meeting in bankruptcy of Messrs.
Strahan and Co. will be held to-morrow.
The Brighton Railway dividend for the half-year
is 215., but some parties think the loss by the
Croydon accideut is not included.
There is sufficient just now to impart animation
to the money market, between foreign loans, the
increased attraction of numerous securities, and the
amounts required to meet the purchases of
indigo and colonial wool. The two great firms
of Rothschilds and Barings have issued a notice
of their intention to open subscription lists, but
the smallest amount for which the latter will re-
ceive applications is 20,000 f. capital, say 7381., in
the 4i per Cent. Peutes, and 25,000 f. capital,
equal to 6251. 10s. in the 3 per Cents. The appli-
cations must be made before three o'clock on the
26th inst.,
accompanied by 10 per Cent. deposit,
25f. being reckoned to the pound, and the amount
allotted will be notified with as little delay
as possible, the charge being I per cent. on any
Stock obtained, while the subscription will be re-
turned entire, if no allotment be given. Messrs.
Rothschild do not stii,ulate for any minimum sum
to be applied fer, and charge equally b per cent.
On any allotment.
The necessity of renting money to meet any
Portion of the loan applied for will cause a temporary
°lux of gold from London, and many circumstances
induce us to think that there will upon the pre-
sent occasion be more probability of English sub-
scribers being allowed to participate. The last
return of the Bank of France showed a remarkable
falling off in the amount of specie, and it will be
the interest of Louis Napoleon's Government to
attract bullion to its coffers. Again it is de-
sirable to give support to the quotations
of f. Public securities, and a more limited dis-
tribution among the home applicants, and a
Withdrawal of stock to England will assist in effect-
111g this. Finally the loan is large, and is to be
given out at a period when the Turkish guaranteed
Stock will be making its appearance. The arrivals
Of specie this week from America and Australia,
With the favourable reports from the " diggins,',
ri1445 opportunely to fill up the gap which our par-
ticipation in these loans may for a time occasion.
There was, yesterday afternoon, a tendency to
decline in the rates of exchange upon several of the
continental cities. Paris, 90 days, was taken at
25 30 to 35 ; Hamburg at 13 7 to 742 ; Frankfort at
1181 to 1181 ; and Trieste at 12 18 to 22.
tis The English Funds have been very dull, and
loan attracting
is no appearance of speculation, the French
attracting more notice. Consols have been
904 to 91, both for money and August. The New
d Per Cents, have been 92,3, to 922, and the Re-
duced 91i• Exchequer Bills are 255. to 275.
Premium for those bearing interest at 21d. per
cent. The New Annuity is at 17i to 15-16.
A remarkable movement is still going on in
Turkishcen.t Bonds, which have risen again 2 to 3 per
BPecul
a
t
W. 'a doubt the advance is, to a great extent,
lye' but, as usual, upon a rising market,
real buyers
operate freely, and if Turkey is at all
to be relied
upon as reourds ability the stock is of
course cheap. Parties should be duly warned,
however, that a good deal of excitement prevails,
and that a reaction may therefore occur. The
honey prices have been 891 and 914, and those for
the 31st inst. 891; and 92±. Peruvian Stock is also
in favour, being 77 to 784 for the 4-12- per Cents.,
and 55i to 56 for the Deferred. The new commit.
,tee representing the interests of the home debt
oondholders has an advertisement in to-day's
nar,°ruing papers, headed the " Anglo Peruvian
Bonds," although it relates wholly to the Hegan
and tribarren Stock, which it will now be at-
tempted to convert into 3 per Cent. Securities, on
a footing with the existing English loan. The
holders of the latter, however, will scarcely be
deceived by such conduct. Spanish Deferred
Ikulds are 18± to -a. Sardinian have improved to
861 and 87. Venezuela are firm at 30.
The following are the nominal prices of foreign
stocks:—Grenada Deferred Bonds, 61 to 7; Mexi-
-Ban) 21i to 211 ; Peruvian, 77 to 79 ; ditto Three
Per Cents., 55 to 57 ; Portuguese Four per Cents.,
12 to 44 ; Russian Five per Cents., 99 to 101 ;
ditto Four-and-a-Half per Cents., 88 to 90 ;
Spanish
New Deferred, 18 to 18i ; ditto 3 per
Cents.) 36,E to 36/ ; ditto Certificates, 4 to 4f ;
ditto Passive, 4 to 41.
...The market for Railway Shares presents a dull
'4Peet, and the movement in prices is not altogether
regular, some of .the principal lines being higher
41.114 others heavy. Several of the colonial railway
:hares are now marked ex-interest, but fuller rates
7.„1:° current for East Indian and Grand Trunk of
'anada, while Great Western of Canada are the
:able as yesterday. As regards the foreign there
• 1,-re but few operations to notice, but Antwerp and
Llotterdam and Paris and Rouen are at enhanced
Values.

e° caes and Cuiba Mine Shares are firmer, but
united Mexican heavy.
a Banks bring about former prices, and London
°lnt Stock are 10s. higher.
,eallada Co.'s Shares are 10s. dearer, but the
o,"ler Land and Miscellaneous Companies' Shares
are inactive.

FUNDS THIS DAY.—CLOSING PRICES
(Front th,e Ofscial List.)
Business done

Bulk Stock
ri
3'" Cent. Reduced Annuities......
dew Cent. Consols Annuities 9l 90i
w 3 Per Cent. Annuities .
re New 2} per Cent. Annuities 73
11g Annuities Expire sth Jan., 1801 4
Ditto 30 Years,' ' sth April, 1883 16i 15-16
Expire 111(14 Stock
232 30
••• •••• •
die Bonds, 1:1000 ... . .
3364
~, bitto under £lOOO
"'ouriols'ior
ehequer Bills Account, Bth August - 1
Iz, 24d .
21000
~,
20 1
F. 5 00 —
E ?
4"
equer Bonds 1858, 3i per Cent lOl 100 i
bitto 1859, ~ , lOl IGOi

12. RICE OF FOREIGN FUNDS THIS DAY.
—.than Bonds 5 per Cent.
t, bitto New, 1852, 4?; per Cent .... 94
‘a,dor Bonds , 4
iiretiada Bonds, 1i per Cent.
's,_licali 3 per Cent.
? Ditto for the Account
e.,sttwian Bonds 44 per Cent 77i 7
uitto for the Account....
Ditto 3 per Cent.
it bitto for the account
Rati4jae Bonds, 1822, 5 per Cent. £St llO „. il rdiixian Bonds, 5 per Cent. . .......
Prish Bonds, 3 per Cent -
pi,
Ditto New Deferred, 3 per Cent.
srkish Bonds, 6 per cent B9i 914
,wit for the Account
Te_u.zuela Bonds, 4ti per Cent.
•!)_!tto Account, July 31. B9i 93110 90i 2i 2B 2
31
Ditto Deferred, 14 per Cent
biVldends on the above payable in London.
1101D,6
'—'ll Bonds, 2i per Cent. ex. 25 fr —
11 Ditto 4 per Cent. Ex. 25 fr 94
—itt° 4 Per Cent. Cartitieates ...... ... 96
THREE O'CLOCK.
Consols
Ditto for the Account..... 9oi 1
,