The Sun.
London, England, 1855-12-03 00:00:00

MONEY MARKET

AND
COIVIMMICIAL INTELLIGENCE.

CITY, Two o'CLocK.

The Liverpool Cotton Market on Saturday closed
quietly but with steadiness, and compared with Fri-
day'sprices all descriptions were unchanged in value.
The sales were 6,000 bales, 500 for export and a
like amount on speculation, comprising in addi-
tion to American, 500 Pernam and. Maranham at
sftd. to 624. per lb., 120 Bahia at 6d., 70 Egyptian
at Sid. to 6id., and 1,000 Surat at 31d. to 4id.
per lb. The Railway Share Market was rather
quiet, and prices were rather lowa .

_
The intelligence from Jamaica, by the West
India packet, mentions that several petitions had
been presented in the House of Assembly, praying
for a reduction in the taxation, which pressed so
heavily on plasters and merchants, as well as the
labouring classes. The commercial intelligence is
generally unimportant.

From the other Islands there are some items of
interest. The financial condition of Grenada was
attracting chiefly attention where an outcry had
been raised against the asserted excessive expendi-
ture. In Trinidad, endeavours were being made
to improve the sanitary condition of the colony.
In Antigua the supply of labour was insufficient,
and an attempt would be made to promote immi-
gration.

The accounts from New York state that the up-
ward movement in the Stock Market continued.
The prevailing buoyancy was not caused by any
financial or political change, but merely resulted
from the speculation for an advance, and a reaction
was soon expected. Owing to the limited export
of specie, and the large arrival of that article from
California, the amount held by the banks had, for
the last month, steadily increased. During the
week ending Nov. 16th, the excess of the exports
over the imports was $18,509 dollars. The ship-
ments of merchandise consisted principally of wheat
and flour to France and England.
On the Paris Bourse the first operations of the
present month opened at a decline on the closing
quotations of the last. The 3 per cent. Rentes
fell during Saturday 40 centimes for the account,
and 50c. for money. The 4i Stock rose 25c. for
the account, and remained without variation for
money. In the Share Market there was little
change, excepting in shares of the Credit Mobilier,
which exceeded 12fr. 50c., in consequence of the
downward movement in the Rentes.

The price of bread. in Paris has been fixed by the
Government for the month of December at 60
centimes per kilogramme for the first quality, and
42c. the kilo. for second quality.
Some interesting intelligence from Spain has just
reached us, to the effect that operations on a large
scale will shortly be commenced for the purpose of
exploring the mountains of the Sierra Nevada, to
discover its mineral riches, with a view to their
development. An English engineer who visited
this region lately, and who represented a company
of capitalists connected with London, Paris, and
Madrid, gave a very favourable report of what he
saw and thought of the existence of such mineral
deposits.

From Berlin we learn that the recent decree
which disallows the drawback on spirits for ex-
portation has caused them to fall in price, and
influenced the price of grain unfavourably.
Accounts from Algeria contain a report on the
production of tobacco in that province, during the
month of September, up to the time of the French
Government passing a decree limiting the export of
tobacco to the parent state. The value of that
grown by the colonists amounted to 621,790 francs,
and by the Arabs, 103,628 fr., and the average of-
ficial price was 93 fr. 90 o. the ten kilogrammes.
The quantity sold during the year was 4i millions
kilogrammes, and exceeded the demand for home
consumption and export, so that stocks on hand
are heavy ; and in the face of the late protective
decree will be still more so in the ensuing year.
It is considered a grave error of the Govern-
ment thus to circumscribe the export of this ar-
ticle of consumption to the present state, as there are
many Arab tobacco growers who suffer thereby.
The quality of the tobacco produced is likewise
superior to the generality of tobacco consumed in
France, and though not equal to Havannah, Ken-
tucky, or Maryland produce, is nevertheless pro_
nounced to be amongst the best continental-grown
tobacco.

The wheat trade is steady to-day, at fully last
Monday's prices.

The English Stock Market presents a quiet ap-
pearance, as speculative business is more contracted
and money purchases are less numerous. Prepara-
tions, however, are in progress for the adjustment
of the account on the 6th instant, and
there is consequently a disinclination to
enter into fresh engagements for the present.
The " coutange " has rather increased, being now
about f per cent. Consols have been 89i and
are now about 89j'1, both for money and account.
For January the quotation is 90 to f. The New
Three per Cents. have been 881 to 89k, and the
Reduced 881 . Bank Stock is 2091. Exchequer
Bills are 7s. to 48. discount. India Stock rules
steady at 226.
There is rather more activity in the Foreign
Stock Market, and prices show au upward tendency.
Turkish 6 per Cents. early in the day advanced to
84i and Bq, then became rather heavy, but have
since again recovered, being 84i to 841. The New
Scrip is flat at 3,1 to 3 discount. Spanish 3
per Cents. are 39/, and for account they are marked
40. The New Deferred ruled steady at 20k,
and Passive at 61 to 61. Mexican Stock remains
at 191, and bargains have been recorded in Bra-
zilian Small Bonds at 991, the New 4k per Cents.
at 92 (ex div.), Peruvian 4k per Cents. at 74S to
75, and the 3 per Cents. at 53k.
Railway Shares are without any general change
of importance, but the Eastern Counties are a shade
firmer. The North-Western and Midland are each
ss. better than on Saturday. Paris and Lyons have
improved ss. to 103., but the other foreign lines are
mostly the same as previously. Great Western of
Canada Shares are firmer.

Mining and Banking Shares are quiet, and the
latter are in some cases somewhat heavy. Crystal
Palace are steady, and also the Royal Mail Steam.

BRITISH FUNDS THIS DAY.-CLOSING PRICES,

4 iToth the Otficsa! Lis:.

flu,inem, cloak

Bank Stock
3 p,r Ceut. Reduced Annuities,,,.,, BBl 1 I
S per Cent. Consols Annuities
N -,,,, 3 per .Cent. Annuities
New 2,1:, per Cent. Annuities 73
Long Annuities, expire sth Jan. 1860... -16 i
Ditto 30 Years, expire sth April, 1885 l6.i
India Stock
In iia Bonds, £lOOO
Ditto, under £lt)00 1 d
Consols :or Account .. 89 i 4 i
Exchequer Bills, 24a.
£l000
£5OO 7 3

Small _
Ditto Bonds, ISSB, 3i per Cent.. 9Sk 7k
Pf 1859
„
PEACES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent. —
Ditto Sniall
Ditto New, 1852, 4i per Cent.
6lexicau 3 per Cont.
Ditto Account l9l
Peruvian Bonds, 41 per Cent.
Ditto 3 per Cent 533/4
Russian Bonds, 5 per Cent., 1822, St 9B
Sp ,nisi, Rowin, 3 per Cent
Ditto Account 4O 39}
Ditto New Deferred, 3 per Cont.
Ditto for the account
nitto Passive
6i i i
spani.li Committee Cert. of Coup. nit fun. 4i p a
Turkish Bonds, 6 per cent
Ditto for the Account ..................... 844 i3l-433ii
Ditto New Scrip, 4 per Cent. ........ . . 2jd
,rivideneis or th,- above payable in London,
French Rentcs, 4A per Cent. ..................
Ditto 3 per Celli. G6f 750 250 ex 25f 250
THREE O'CLOCK.
Console ......... ...
Ditto for Account Dec. 6

5
5
20
10

20
5
18

20
.00
2.
25

all
LOO
LOO
-16

41r,
100
:3,

all
3
all
all

2(4
lOU

204
00

100
100
100
20
20

THE HARVEST IN SWEDEN AND DENXIAHE.--A letter 5
from Hamburg states that, according to authentic com-
mercial information received at that port, Sweden and ;ve
Denmark sre to maintain the free exportation of corn, isa
the supply is these two countries being more than
suiZoisa for home consumption. k