The Sun.
London, England, 1855-09-12 00:00:00

310 N as A iRK ET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooK.
The Liverpool Cotton Market yesterday closed
firmly, and prices of American were I,d. per lb.
dearer than last week. The sales were 10,000
bales, 1,500 for export, and 3,500 on speculation,
comprising 8,000 Americans ; 550 Pernam and
Maranhain, at 6d. to rid.; 350 Egyptian, 6d. to
71d. ; and 4,000 Surat, 4d. to 50. per lb. The
Railway Share Market was more buoyant at a
slight advance.
Yesterday afternoon there was an improvement
in the rates of Exchange for bills upon most of
the Continental cities. Paris, 90 days, was taken
at 25 421 to 471 ; Amsterdam, 11 181. to 18i ;
Hamburg, 13 8 to 81 ; and Frankfort, 1181 to
118;.

In adverting yesterday to the pecular condition
of the money market and the comparatively trifling
influence exercised as yet upon it by the glorious
tidings from Sebastopol, we remarked that the
small advance in the funds could be no fair measure
of the feeling in the City any more than in the coun-
try at large. There are special circumstances which
will serve to explain in part, however, the apparent
sluggishness that prevails. Cash, as is well known,
is in more active demand, and this day the instal-
ment of 20 per cent., representing a million ster-
ling, has been in course of payment upon Turkish
Bonds. A portion may have been paid in advance,
but not much, we presume, as no inducement was
offered. The Bank lends upon the Scrip at 31 per
cent. until October 11, and this, with the fuller em-
ployment obtained in discounts, has led, it is stated
to sales of stock by the corporation, as a better
alternative than that of raising the discount
charge, for the preAent at least. What amount
the Bank may have sold, or yet intend to put
on the market, must be uncertain, but 1,500,0001.
has been named. Among the reasons assigned,
also, for the tighter state of the money market, is,
that the Chancellor of the Exchequer has
borrowed from the Bank upon the further
issue of bills and bonds which he is authorised
to make ; but if we look to the last weekly ba-
lance sheet of the Bank, we find a good balance
to the credit of the Governmen, and with the in-
stalment upon the Consols loan, due the 18th inst.,
there should be no necessity for immediate borrow-
ing, supposing that the Chancellor has not already
disposed of part of his floating securities, as we
think very probable. A most important considera-
tion likewise is the prospect of the war now prov-
ing less costly.
The English Funds this morning have been flat-
ter, and there have bean further money sales, but
whether rightly attributable to the Bank or not is
difficult to determine. The quotations of Consols
for transfer have been 901, -[; and 90a and for
October 90?, and 90.4 to 91. Exchequer Bills are
10s. to 145., and India Bonds 235. to 275.
premium.

Foreign Securities are steady. Turkish Scrip
opened at 11, and has risen to 1 premium. The
Bonds are 93 to 931-. Sardinian have been dealt
in at 85 ?-5. Peruvian are flat, at 7712 to 781.
Spanish Deferred realise 20. French Threes are
68, with the exchange at 25 10. The Scrip is
24 premium.

The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 18 to 20 ;
Mexican, 211 to 22 ; Peruvian, 78 to 80 ;
ditto Three per Cents., 57 to 59 ; Portuguese
Four per Cents., 43 to 45 ; Russian Five
per Cents., 98 to 100 ; ditto Four-and-a-Half per
Cents., 89 to 91 ; Spanish New Deferred, IN to
20 ; ditto Three per Cents., 38& to 39 ; ditto
Certificates, 4g- to 4g; ditto Passive, 4 to 41;
Turkish, 931 931 1 I*.

Railway Shares have been rather flatter, and
with moderate transactions. Eastern Counties
aro down to 97i for money, ex dividend. Great
Western are heavy, and Midland are lower.
Foreign Shares are rather cheaper generally, in-
cluding the Great Western of Canada.
The Brazilian Imperial Mine Shares are higher
by to The Banks are firm. Canada Com-
pany's Shares are fully supported, and also British
American Land.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
(From the Ofciai Liao _ _

_ .
Tininess Any'.
3 por Cent. Consols Annuities 99gi 6 Zi iii
[udia Bonds, £lOOO
Ditto, under £lOOO 2:3 27
rJoriools for Account, 12th Octobor OO4 i 1 90i
E (chequer Bills, 21d. 1 2d.
47'1000 .....
£5OO — I 13
':iniall 11 1 10
.. •

Eschequer Bonds 1858, 3} per Cent.... 102 i 4
Ditto 1859, „ ~. 102; I
PRICE OF FOREIGN FUNDS THIS DAY.
Equndor Bonds
eoruvian Bonds, 4i per Cent ...... ....„, 77i B,i
Ditto for the Account fa
zsrdinian Bonds, 5 per Cent.
S.)anish Bolds, 3 per Cent
Ditto New Deferred, 3 per Cent.
T irkihli Bonds, 6 par cent 934 3 4
Ditto New Scrip, 4 per Cut.
Venezuela Bonds, 44 per Ceut —
Ditto Deferred, 1i per Cent
Ividervls on the above payable in London.
French Reutos, 3 per Cent.
Ditto Scrip 2nd Loan of 1855 2i
THREE O'CLOCK.
Consols
Ditto for t'ie Account (;0i I,

412 s

20
10
10

St.
10
St.
25

5
5
5
20

St.
17,6

25
St.
20
St.