The Sun.
London, England, 1855-07-04 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The Cotton Market at Liverpool yesterday
closed quietly with a heavy feeling, and prices
were without much alteration. The sales were es-
timated at 3,000 bales (500 of which were taken on
speculation, and 500 for export), comprising 50
Pernam and Maranham at 7d. to 7/d., 100 Egyp-
tian at 61d. to 7id., 400 Surat at 3id. to 5/d.,
and 40 Sea Islands at Is. 2d. to is. sd. per lb.
The Railway Share Market was dull, but at the
Close was rather firmer.
In describing the state of the piece-goods mar-
ket, Messrs. M'Nair, Greenhow, and Irving write
from Manchester as follows :
"Prices, we need not mention, have been and con• tinue to be exceedingly irregular. Up to the time we
write positive offers constitute the only means of arriv-
ing at a real and practical knowledge. Where stocks
are held producers are generally found to be willing
sellers ; but, on the other hand, if fresh orders have to
be placed, higher terms are demanded.
"In regard to stocks they may be considered low,
When compared with the quiescent and inanimate state
of things which have existed. Although some increase
is observable, yet it amounts to comparatively little:a
fact attributable to the heavy contracts under perform-
ance at the date of our monthly circular. In the opi.
nion of many, steadier and firmer prices will now pre-
vail both for cotton and the manufactured articles ;
such at any rate has been the theme during the last
three days. It were very desirable that some fixed point
should be arrived at, in order to determine operations.
Altogether, we conclude the month in its transac-
tions to have been more extensive than might have
been expected, in the face of depression, gloom, and
inactivity, more than has been observable during the
present year at least. The position of spinners and ma-
nufacturers is, however, at the present time perhaps ge-
nerally less profitable, saying nothing of actual loss, than
it has been for some time past. So far no short time has
been adopted, although the principle is becoming gene-
rally discussed, and, in the opinion of many, considered
imminent. While the presentproduction continues it were
idle, in our opinion, to calculate upon any material reduc-
tion in the price of the raw material. A change in the
weather as favourable as could possibly be desired, hasin-
spired great hopes as to the result of the coming bar-
!cst. Were they realised, the benefits to the commu-
nity and the commerce of the country would be incal-
culable. The demand for the country trade during the
month bas been very limited."

The Devonshire, from Swan River and the Cape
of Good Hope, is off Folkestone.

The Windermere, which left Geelong March 16,
brings 4,500 ounces of gold.
The annoyance of the new postage regulations
upon newspapers, &c., is being grievously felt. At
the Lombard-street office unstamped newspapers
are refused for transmission to the colonies,
although postage stamps or payment in money, is
tendered, and brokers who have sent their circulars
to their correspondents abroad, and offer to re-
gister the same under the new act, find their faci-
lities suddenly taken away.
Letters from Singapore, of May 17, state that
rather a large business in European goods had
been done with the junks, although in some in-
stances at lower prices, owing to the heavy arri-
vals and the anxiety to realise. The produce
market was active, but rice was in large supply
and cheaper.
Besides gold sent to Paris, the Sultan takes out
to Alexandria, India, &c., this day, 548,0001.,
chiefly in silver to Bombay. The La Plata, for
the West Indies, has on board 43,0001. The gold
from New York has part been melted for expor-
tation to the Continent.

There was a slight decline here yesterday after-
noon in the rate of exchange for bills on Paris.
The Scinde Railway Bill received the Royal
assent on Monday evening.

After the usual or official hours of business yes-
terday, Consols were buoyant at the rather sudden
advance to 91k but this morning there is less

doing in them at 91k to. k.

It is supposed

that not much of the French loan will be obtained

on English account, except through the special in-
tervention and management of Paris bankers.
Exchequer Bills have been at 19s. to 225. premium,
for those bearing interest at 2d. The New An-
nuity is at 16 15-16. Bank Stock has risen per
cent., being 16 15-16. The New 3 per Cents. are
92i to /, and the Reduced Annuities 911 to 921.
The business doing in Foreign Securities is so
llmited that the quotations are merely nominal.
Mexican Bonds have been dealt in at 211. Turkish
Stock is firm, though exceedingly quiet, at 82.
Dutch 21 per Cents. are at 631 ex dividend.
The following are the nominal prices of foreign
stocks:—Grenada Deferred Bonds, 63/4 to 7; Mexi-
can, 21a to 212. ; Peruvian, 69 to 71; ditto Three
?sr Cents., 49 to 51 ; Portuguese Four per Cents.,
" to 44 ; Russian Five per Cents., 98 to 100 ;
ditto Four-and-a-Half per Cents., 88 to 90 ;
SPanish New Deferred, 18 to 18i ; ditto 3 per
Cents., 361 to 37f ; ditto Certificates, 4 to 4f ;
ditto Passive, 4 to 41.
The Great Western of Canada Railway meeting
Is in progress, and the chairman has made satisfac-
tory statements as to the progress of the company.
There will be no more " calls" this year.
In Railway Shares there is very little doing,
but generally fuller rates than yesterday are cur-
rent. The foreign lines show much firmness, and
Great Western of Canada are dearer. Paris and
Lyons are to higher.
The dealings in the Alining, Banking, and Mis-
cellaneous Shares are rather insignificant.

BRITISH FUNDS THIS DAY AT ONE

(From the Official )

Beginf•is don,-
kink. Stock •
IPer Cent. Reduced Annuities.
New 3 per Cent. Annuities
Long Annuities, Expire sth Tan., 18e0
Ditto 30 Years, Empire sth April, 1885 16 15-16
Consols ior Account, 10th July 9ll A
Exchequer Bill; 24d. I 2d.
2,1000
500 —
Small
Irchequer Bonds 1858, .3i per Cent. lOl
Ditto 1859, 11l
PRICE OF FOREIGN FUNDS AT ONE O'CLOOK.
Mexican 3 per Cent.
rarkish Bonds, 6 per cent —
Ditto for the Account B2
Dividends on the above payable in London.
Dutch Exchange, 2A per Cent. 12 Gull

! -

HALF-PAST TWO.
Consols