The Sun.
London, England, 1855-12-04 00:00:00

ONEY MARKET

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK

The Liverpool Cotton Market yesterday closed
with a hardening tendency at the extreme prices of
last week. The sales were 8,000 bales, 500 for
export and 1,000 on speculation, comprising 100
Pernam and Maranham at 61d. to '7ld., 240 Bahia
at 6d., 500 Egyptian at 64d. to aid., 800 Surat at
ald. to 41d., and 80 Sea Islands 10d. to 13d. per
lb. The Railway Share Market was steady at an
advance on Saturday's rates.
At the close of business on the Paris Bourse yes-
terday the quotations of the French Rentes showed
a remarkable improvement on those of Saturday.
The Three per Cents, were 'firm at 67 for the ac-
count, being a rise of If. 30c.; and for money they
were done at an advance of lf. 25c. In the Share
Market the same buoyancy prevailed, and the rise
in shares of the Credit Mobilier Bank was energetic,
adding a further value of 27f. 50c. to the advanced
price of last week. Railway shares were likewise ad-
vanced a step. North of France Bf. 75c. West of
do. 7f. 50c. Lyons lf. 20c. Geneva 2f. 50c. Mid-
land 7f. 50c., and Austrian Society sf.
Accounts from Vienna inform us that the
founders of the Austrian Bank of Credit have
submitted to the Minister of Finance a list
of names, twenty in number, to fill the office
of Directors to the Bank, conformably with the
terms of the statute granting them the concession.
Before these names can be confirmed they must
receive the Imperial sanction. Amongst them
figure the heads of some of the principal banking
houses in Vienna, in addition to the founders, and
other notabilities in the commercial world.
From Spain we learn that the position of the
manufacturers of Barcelona and Catalonia is such
that many will be obliged to reduce their estab-
lishments, and consequently throw a large number
of hands out of employment, which has produced
much inquietude and fears of new troubles. It ap-
pears that for some time past their sales of goods
have been much restricted in consequence of the gene-
ral depression, and the stocks are accumulating,
so that they have been necessitated to stop their
works. Contributions are being collected for the
relief of those out of employment ; notwithstanding
which much distress prevails, and the authorities
are taking steps to suppress any riots, while they
are endeavouring to alleviate the sufferings of the
poor. Every one is waiting with interest the
final discussion on the items of the budget ; and
there are fears that the Minister of Finance, Signor
Bruil, will persist in not admitting any modifica-
tions in his scheme, especially on the subject of the
octroi duties, otherwise, it is said, ho will tender
his resignation.
The grain markets throughout France evince an
inclination to fall this week. Prices, however,
have not yet varied much from the closing quota-
tions of last week, but it is expected that from the
continued supply of grain exceeding the demand,
and adding to stocks on hand that a fall will take
place. The arrivals of wheat at the Paris Corn
Exchange, on the Ist inst., amounted to 2,613
kilogrammes, and the sales effected 2,527 kilos.,
leaving on hand 20,157. The average price of
sales was 67f. 92c. per hectolitre.
The amount of commercial paper falling due this
day, the 4th of the month, although known to be
very heavy, is expected to be met without difficulty.
For discount accommodation, however, the de-
mand is very active, at late rates, but no pres-
sure is experienced. At this season of the
year there is always an increased inquiry, but
the recent arrivals of gold from Australia, together
with favourable statements regarding the proba-
bility of an early peace, have produced a feeling
of greater confidence in monetary as well as com-
mercial circles.

An important advance, viz., Ito per cent. has
taken place in the English Stock market, but the
Ring of Sardinia's visit to the City has in a great
measure restricted business. The buoyancy is al-
most wholly attributable to the current rumours
of au early peace, and the letters received from
France state most distinctly that arrangements are
in progress for the purpose, if possible, of preventing
further hostilities, It is not mentioned, however,
in what precise way such a result can be obtained,
but the impression is gaining ground, both here
and in Paris, that negotiations will speedily com-
mence, and that before the spring some satisfactory
measures will have been adopted. The immediate
effect of this supposition has been a material
improvement on the French Bourse as well as in
our Stock Exchange, but the high quotations now
prevailing induce caution among the dealers. As
the account is now so near its termination specula-
tive engagements aro in course of adjustment, so
that the markets as regards fresh dealing is in a
quiescent state. Consols for money and Dec. 6,
after being 89i to 90 have risen to 90i 4, but for Jan.
next the quotations have reached 90. The New
Three per Cents. have been 894 to 89k, and the
Reduced 881 to 89/. Bank Stock is steady at 209
to 210. The Unfunded Debt tends upwards, being
Os. to 2s. discount. The 30 Years' Annuity of
1855, is 161.
There have been numerous transactions in Turk-
ish Securities at enhanced values, owing to the up-
ward movement in the Funds. The 6 per Cents.
have ruled as high as 85i 1, but these prices have
not been fully supported. The New Scrip is about
2 discount. French 3 per Cents. are 68f., with
the exchange at 25 25. Spanish 3 per Cents. are
401, the New Deferred 204 to 21, and the Passive
7i. Russian 41 per Cents. are 90, and Sardinian
Bonds 831. Equador have been marked s'B', and
Dutch 21 per Cents. 64.

The following are the nominal prices of foreign
stocks : Grenada Deferred Bonds, GI to 7 ;
Mexican, 191 to 20 ; Peruvian, 74 to 76 ; ditto
Three per Cents., 52 to 54; Portuguese Four per
Cents., 41 to 46 ; Russian Five per Cents., 96 to 98 ;
ditto Four-and-a-Half per Cents., 86 to 88; Spanish
New Deferred, 21 to 211; ditto Three per Cents.,
40 to 40i ; ditto Certificates, 41 to 41 ; ditto Pas-
sive, 61 to 7.
There has been a moderate business transacted
in Railway Shares, and prices all have an upward
tendency. Great Northern are 1 per cent. bettor,
Lancashire and Yorkshire 10s. to 155., and Mid-
land' 10s. Great Western of Canada have further
risen 54., and Antwerp and Rotterdam as well as
the other foreign lines are at fuller quotations.
Mining Shares are steady but quiet, and the
same may be stated of Joint-Stock Securities, but
the Oriental are advanced 10s. The Miscellaneous
undertakings are without any general alteration
that calls for special notice.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
( From, the Oficial List.)

liuslnosh done
/talk Stock . ......
3 per Uent. Reduced Annuities , BBi 01
3 per Cent. Console Annuities 894 904 i
New :3 per Cent. Annuities
Long Annuities, expire sth Jan. 1850...
Ditto 30 Years, expire sth April, 1885 154
Qon-ols for A.ccount 9) 891 904 i 90
Exchequer Bills, 261
1000 . ....
_ _ _

2 1 5
Small
Ditto Bonds, 1458, 3a per Cent..
1859 ......••• s 981 8
PP PP

PRICES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent. 99
Buenos Ayres Bonds, 6 per Cent SSA
Chilian Bouds, 6 per Cent IOI-
A Bonds si
Mexican 3 per Cent.
Ditto Account l9k
Peruvian Bonds, 4i per Cent.
Russian Bonds, 5 per Cent., 1822, £ St —
Ditto 4; per Cent
Sardinian Bonds, 5 per Cent.
by Lmab Bonds, 3 per Cent — Ditto Account
404
Ditto New Deferred, 3 per Cent.
Ditto for the account ............. .
Ditto Passive
Turkish Bonds, 6 per cent .............
.... _
Ditto for the Account B5l 5 i 4 1 i 6 sia
Ditto New gcrip, 4 per Cent.
Ditto Account 22 iiii
bividends on the above payable in London.
French Rentes, 43 per Cent.
Ditto 3 per Cent.
DAteh Exchange, 2i per Cent., 12 Ga... 64

THREE 004()C ii.
Consols (money) f
Ditto for Account Dec. 6 , tO