The Sun.
London, England, 1855-12-05 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoc.

The Liverpool Cotton Market of yesterday
closed very firmly at extreme prices. The sales
were 9,000 bales, 1,000 for export and 1,000 for
speculation ; comprising 540 Peruam and Maran-
ham at sid. to 64d., 130 Bahia at 6d. to 60., 300
Egyptian at 6d. to Bd., and 2,000 Surat at 31d.
to 4id. per lb. Imports, 30,0G0 bales. The
Railway Share Market was steady, all day, and
prices tended upwards•.

Mercantile advices from Havre inform us that
the Minister of Finance has convoked there, on the
Ist instant, a conference of all the Steam Navigation
Companies that had offered to establish a transat-
lantic line of packets from that port.
Byan Imperial decree published iu the Moniteur
the Minister of Marine and the colonies has de-
manded an extraordinary credit of 24,210,000 fs.
for OA Maritime service, and 944,000 fs. for the
Colonial department, showing a total of 25,134,900 f.
Of this sum 18 millions of francs are to be applied
to the general provisioning of the fleet, 2,500,000 f.
for the salaries of workmen employed on the docks,
and 2,500,000 additional in consequence of the
dearness of food.

Accounts from Madrid announce that the de-
bate on the report presented by the commission
to draw up the budget for the ensuing year was
taking a serious turn, with regard to the section
on the re-establishment of the Octroi duties. A
motion was presented by Sellers Zafoa, Figuerola,
and others, intended to replace the revenue de-
rived upon articles of food by imposing a land-tax ;
a proposition which, it was said, the Government
were disposed to look favourably upon. The de-
tails have not yet arrived, but it is certain that
the Minister of Finance will object to any project
which is likely to interfere with his own views on
the subject. _

Notwithstanding it was generally known that
the payments of the "4th," which fell due yester-
day, would comprise a very large amount of mer-
cantile paper of various descriptions, it is gratifying
to be able to notice the little difficulty experienced

in its liquidation. It is understood from inquiries
made at the principal joint stock and private
banks, that considering the approach of the close
of the year, and the high terms which have lat-
terly prevailed for money, that the result was one
which could scarcely have been. anticipated.
The rates at which bills were negotiated on the
principal cities of the Continent, showed a slight
advance in most cases, but on Hamburg a frac-
tional decline was observable.

The English Stock Market is unfavourably af-
fected by the adjustment of the account, the result
of which will not be clearly ascertained until a
later hour in the afternoon. Business is chiefly con-
fined to the necessary arrangements, and very few
transactions are consequently recorded in the offi-
cial list. Consols for money and the 6th inst.
opened at 891 j but have since been 901. After
having been 9911 for January, they are now
90i The New 3 per Cents. are 891 to 891, and
the Reduced 88i to 89k. Exchequer Bills are 7's.
to 2s. discount, and India Bonds ss. to ls. dis-
count. Bank Stock is supported at 209 to 2101,
and India Stock 225 to 226.

The operations in the Foreign Stock Market
have not extended to more than half a dozen secu-
rities, and the quotations ruled rather heavy.
Turkish 6 per Cents. opened flatly at 84i1 to B,q,
but have since recovered to 85i and 85i. The New
Scrip is 2i to 21 discount. Peruvian 4& per Cents.
are per cent. higher, being 752.. Equador are
steady at 51, and Grenada Deferred 61.
The following are the nominal prices of foreign
stocks: Grenada Deferred Bonds, G!E to 7 ;
Mexican, 19i to 20 ; Peruvian, 75 to 76 ; ditto
Three per Cents., 52 to 54; Portuguese Four per
Cents., 41 to 46 ; Russian Five per Cents., 97 to 99 ;
ditto Four-and-a-Half per Cents., 88 to 90; Spanish
New Deferred, 201 to 21i ; ditto Three per Cents.,
401 to 401 ; ditto Certificates, 4i to 5 ; ditto Pas-
sive, 7 to 7i.

There is rather less firmness observable in the
Railway Share Market, and the business transacted
is limited. The lines principally dealt in are Great
Western, Great Northern, and North Eastern.
The French shares ruled dull, but Great Western
of Canada are about 10s. higher.
Miscellaneous undertakings are at steady rates.

BRITISH FUNDS THIS DAY.—CLOSING PRICES,
( Prom the Ofunal List.

B Nino, tin,
Bank Stock
3 per cent. Reduced Anuuitiaa BBi l 9}
8 per Cent Consols Annuities B9l 90. f 4 3/4
New 3 per Cent. Annuities ...........
New 33/4 per Cent. Annuities
Long Annuities, expire sth Jan. 1860... 3 7-16
Ditto 30 Years, expire 10th Oct., 1859 3 5-16
Ditto 39 Years, expire sth Jan., 1860 3 13-16
Ditto 30 Years, expire sth April 1885 l6+
India Stock
India Bonds, £lOOO .
Ditto, under £lOOO 1 5 d
Consols ;or Account 894 90+ 3/4
Exchequer Bills, 23/4d.
R.1000
£5OO

qmall
Ditto Bonds, 1858, 3i per Cant 97h 8
99 1559 „
PRICES OF FOREIGN FUNDS THIS DAY.
Rcius,dor Bonds
Grenada New Active, 11 per Cent.
Ditto Deferred
Peruvian Bonds, 44 per Cent.
Sardinian Bonds, 5 per Cent.
Ditto Account l43i
Spanish Bowls, 3 per Cent —
Ditto Account 4Ol
Ditto New Deferred, 3 per Cent. -
Ditto for the account 2l
Ditto Passive
Tnriribh Bonds, 6 per cent -
Ditto for the Account B4 $ 5i ti i I i 3
Ditto New Scrip, 4 per Cent.
Ditto Account - i d
Venezuela Bonds„ 44 per Cent 2si
Dividends on the above payable 1n Tow Jrm ,
THREE O'CLOCK.
Consols (for money) " 90i i
Ditto for Account Dec. 6

ARMAGH ELEmoer.—The nomination took place on
Monday, and Messrs. Bond and Miller, having been
duly proposed and seconded, proceeded to address the
electors amid a scene of great confusion. Notwithstand-
ing Mr. Bond's rather unsatisfactory explanation of his
views upon the Maynooth Endowment, the show of hands
was declared to be in his favour. A poll was then de-
manded for Mr. Miller, to take place on Wednesday.
As customary, both gentlemen are sanguine of success ;
and, considering the division of the Tory interest—the
Liberals taking no part in the contest—it would be really
difficult to say who will be the winner. Mr. Miller's
reception was anything but flattering, and the Sheriff
had repeatedly to threaten an adjournment of the Court
unless order was preserved. The uproar, however, can-
tinued during the whole of Mr. Miller's address.
PRICE or GOLD.----The quotation of gold at Paris is
about 4 per mills premium (according to the last tariff),
which, at the English Mint price of 3/. 17s. 100. per
ounce for standard' gold, gives an exchange of 25'27 ;
and, the exchange at Paris on London at short being
25'27, it fellows that gold is about the same price
in Paris and London. By advices from Hamburg
the price of gold is 425 per mark, which, at the English
Mint price of 3/. 17s 101 d. per ounce for standard gold,
gives an exchange of 13.4'4 ; and, the exchange at Ham-
burg on London at short being 13.5,1, it follows that gold
is 0.29 per cent. dearer in London than in Hamburg.
The course of exchange at New York on London for
bills at 60 days' sight is about 1081 per cent , and, the
par of exchange between England and America being
109 23-40 per cent., it follows that the exchange is nomi-
nally 1.08 per cent. against England ; but, after making
allowance for charges of transport and difference of in-
terest, the present rate leaves no profit ou the transmis-
sion of gold either way between the two countries.
A HUMOROUS INCIDENT. —The hounds of his Grace
the Duke of Buccleuch met lately at Springwood Park,
when the following humorous incident took place.
Shortly after the hounds bad thrown off, a full-grown
fox broke cover, and as the view halloo was given, a
donkey belonging to John Amstrong, labourer, Sprous-
ton, but better known by the cognomen of " Jock o'
Boon," and which was engaged in drawing the branches
of trees out of the plantation, pricked up her ears, and
being determined to be a drawer of wood no longer, for
that day at least, started off sans ceremonie after the
pack, at a rattling pace, in the direction of Sunlaws.
From thence she proceeded to Crailing Hall, and came
down by Wooden Hill, a distance of nearly ten miles,
and would have been in at the death had not her
owner made his appearance and secured her. It is said
her ladyship was among the foremost in the chase, taking
her fences with as much zest and dexterity as the first
hunters on the ground. In the run she had thrown two
shoes, and appeared as much fatigued as her sturdy
owner, who had, with a sorrowful heart, pursued her
for several hours. The meeting betwixt the pair was
most affectionate. Instead of giving her a sound cudgel-
ling (as I.ite conutwi, alc,rited), Jo'.o coitLetaine 111 E:: to a
biscuit and a glans of spirits—a refreshment she seemed
very much to relish—and similarly regaling himself,
they afterwards quietly repaired to their humble domi-
cile in the barony of Spr9ligton.--Ke4o paper,