The Sun.
London, England, 1855-01-06 00:00:00

MONE MARKET

AX T 2

C"0:1/411 riZ 6'1,4

CITY, TWO o'CLOCK.
The sales of cotton at Liverpool yesterday were
;kraated at 6,000 bales, nearly all to the trade.
he market closed steadily, without change in
Prices. Railway Shares were dull.
11 account is give a by a mercantile contempo-
arY of an interview had by the wharfingers with
"'r•
Cardwell, of the Board of Trade, upon the
been
to which allusion under this head has before
Z.lleaade. The deputation consisted of—Mr. W.
6`dialale, M.P., Mr. A. Pellatt, M.P., Messrs.
vi-7°,17e11, Besley, C. Curling, Knill, Dare, Curtis,
p 'kills(); Parker, Phillips, W. J. Hall, James
iiteillning, and Mr. Corner (solicitor,) have had an
with the Right Hon. E. Cardwell, the
re,ldent of the Board of Trade, on the subject of
whYroPosed repeal of the Dock Companies' clauses
'h exempted all lighters and craft from the pay-
!at of rates.
It was stated that the clauses which the Dock
4Companiesre, were about to apply to Parliament to
a 1 were contained in the West India Dock Act
off 7,,,
39th Geo. 111., cap. 61, sec. 138, and in all
b
Dt;:ecluent acts for constructng docks within the
°f London. The following was the clause as it
"41 in an amended West India Dock Act of 1831,
41112.,7' lat and 2d William IV., cap. 52, sec. 83; and
b''') clause was to be found in the East India
til°l4 Act, the London Dock Act, the St. Katha-
,e',Bl)ock Act, and the Victoria Dock Act, viz.,
iith4rrovided always and be it enacted, that all
14ters and craft entering into the said docks,
11)1.00h, or cuts, to discharge or receive ballast
feuds to or from on board of any ship or vessel
a therein, shall be exempt from the payment of
toLtatee so long as such lighters or craft shall be
liaa'fide engaged in discharging or receiving such
b4l tor goods as aforesaid ; and also all such
ele4t or goods so discharged or received shall be
41Pt from any rate or charge whatever."
Cardwell asked for documents and further
t,,,ks'lnation, and stated that the subject would have
bid by the committee to which the
Was referred.
SlAqi. e return of the Bank of England for the week
tit the 30th ult., is probably the most impor -
I,IN W° have had for some time. Certainly such a
ihere increase in the securities is suggestive of
or o
vd wants among the mercantile community,
azitulno new speculative opening for capital ;
the fae latter appears to us most reconcileable with
hith tB5 although there is naturally a desire to
PreP°od balances at the close of the year, and to
To tii,clfor engagements falling due in January.
Sotil4twe attribute the circumstance that the
ktki: increased as well as the borrowing. The
el444tsents in connection with the French loan
ti,
•%ilabow upon the finances of the Bank more
eiPatio:Nher cause. The firms which seek parti-
elielats-'l4 the loan, either for themselves or their
et 10' Lave had to provide specie to the amount
there Per Cent. upon the allotments asked, and
Allctu,"'ll be 5 per cent. monthly to make up until
BerL,' 1856. Supposing the total of the loan sub-
the p 4 for in London should be 5,000,0001., and if
have ,r.enell Government will allot as much, we can
alonellttle doubt of its being accepted, the deposit
are thrwe°ll,l4 be 500,0001. Since, however, there
that have'arge firms making up lists, and houses
i
eOtt% fo
instru t "esPondents at Paris have forwarded
...
It
is
not too oh
to subscribe on their behalf,
for tOl, assume
that 1,500,0001. will
1.4 judging how rin 4Zi deposit, there being no data
Will have allotted to
of the loan the applicants
krru •
sh the same amonitliatem' although they must
all the receiving tl as if they were sure of
write for. The pressure in
e case is more decided, therefore, than it
Itta'aorwise would be, and some of the
Itlthlibt may find its way back to England,
pl:lgh the great capitalists who make
iilfri`!_t! by working the exchanges even at a seem-
-4L insignificant percentage, will perhaps find it
Dr 'Per to arrange for the retention of the gold in
144Paration for the second instalment. There re-
tell:l% however, this fact, that although we may
furnishing at this moment more than will
ttk adiately required, the whole amount must be
111,,_41nitted to Paris, even if part be subsequently
tll.tiLav,„ed ; and further that for 18 months we must
1111:.'k 'le) in bills or gold, 250,0001. monthly, suppos-
QCIOCF;000/ to be subscribed for here. Therein we
tattleinre an enduring element of disturbance to the
44 of exchange between London and the French
e4t,l)elis, and since the whole affair is independy
kilawt` any mercantile transaction some new feature
arise if the balance is to be turned even tern-
kea-htllY in our favour. Provided with such ample
mono in part derived from a foreign country, the
tatiy-Yalnarket in Paris ought to rule particularly
p ttrsPite the drain of the war, which we see
Eati tti eMculation of the French Government is
for ,ated at about 10 millions sterling annually,
te%c,t7 very little additional taxation has been
Ptesle: to, we may take the loan to re-
Mtir " all the extra outlay, a large army being
ays i„
nary 13' existence, and provided for in the ordi-
adnai 111:idget. How efficiently is testified by the
Went7L4e organisation of the Crimean force ! It
Wouict bot therefore be unlikely that easy staples
n Ptoniote a larger outlay for foreign staples
fan manufactures on the part of French con-
thext ors ; but here again, as a set off, we have
to Exhibition of 1855, at which English visi-
Whil are to attend very numerously,
but e We know that from us France needs
e little in the way of manufactures, though our
froPewners and merchants may have some benefit
b:1 Contracts for the transport of warlike stores,
~Ctb`®
supply of staples produced in the colonies,
t4lle
credit of Reverting to the Bank return, the sum to
Government was but little augmented,
Pi was at the culminating'point, as the quarterly
tiamblirsements will have commenced since. Cun-
t with the previous week, the changes are a 4
°glows

Active circulation
Increase
Bullion
Decrease
Itest

£19,401,150
275,705
13,834,657
302,447
3,152,753
12,101
6,695,436

In crease ..
public Deposits..

135,022
10,558,387
548,430
892,118
46,504
11,611,553
1,970
15,806,631
1,225,231_
7,779,685
573,055

„ Increase
ether Deposits
Increase
e'reia-D ay and other Bills
Decrease
°vernment Securities
ether
Increase
lier Securities
4_, Increase
utes unemployed
Decrease
4:110
Foreign Exchanges underwent no alteration
211 notice yesterday afternoon. Bills at 90
7)1 were negociated as follows :—Paris 25 25 to
13 t,' Amsterdam, 11 17i to 173. ; Hamburgh,
Ye,t° ; Trieste, 12 40 to 48.
t
(lay the specie, per Atrato steamer, was
far e
recl to the consignees, and further amounts 01
13,1g0id were withdrawn from the Bank of
Th
41111 e shipments of specie direct from London
ciii-tlg the week up to Thursday last were 63.100
;hes of silver, and 60 of gold, all to the Continent.
1:-;,! Stock market {has been flatter again this
41,:.4g, although the news that Austria calls
pall Prussia to mobilise her army must be re-
;11:;ed as satisfactory. The revenue returns
are considered very favourable. Consols
cc .° been 901- A, and since 90a The
ilici°lltang°'' is to 3-16ths. Exchequer
Inal
t' are steady at 4s. to 7s. premium, and East
a
quoted
at 10s. premium. India Stock is
eo,
vto 9at 226. The New Three per Cents. are
Iti 01.
e eI
For •
tongn Securities there is also a heavier
b but with very little doing. Turkish Scrip
Weakceded to 741 and 74a, and Mexican Stock is
firm-41.' "eing 21. Equador Bonds, however, are
tun 4) and Spanish 3 per Cents. at 37i. Por-
Perc'estietsl3.
olid.s are marked 44, and Brazilian 5
The fell
Stocks Grenada
are the nominal prices of foreign
26 a
to 21 Deferred Bonds, Sto 6; Mexi-
-1 2114- ; Peruvian, 69 to 71 ; Ditto 3 per
18 to 50
- ; Portuguese per Cents., 40 to