The Sun.
London, England, 1855-05-24 00:00:00

MONEY MARKET

AND
CO tHEECIAL INT ELLICIE'KCE.

CITY, Two o'CLocit.

The Cotton Market at Liverpool, yesterday,
closed with a very buoyant appearance, and prices
of all descriptions advanced Id. per lb. The sales
were estimated at 30,000 bales (1,000 of which
were taken for export, and 7,000 on speculation),
comprising 1,200 Pernam and Maranham at 61.
to 7id.•' 14,000 Bahia at 61d. to 6d. ; 10,000
Surat at 3P. to 4d. ; and 250 S-,a, Islands at
111 d. to Is. Bd. per lb. The Railway Share Market
closed flatly, at lower prices.
The intention of Government to bring on the
question of limited partnership leads to a revival
of the somewhat conflicting arguments as to the
best means of accomplishing the object. In a
pamphlet entitled " Trade and Partnership, the
Relative Duties and Proper Liabilities of the
Merchant and the State," Mr. Swinton Boult, of
Liverpool, enters very fully upon the means of
bringing about a more equitable system, so
as to insure freedom of action, distinctness
of liability, simplicity in enforcing contracts,
and uniformity in dealing with all trading con-
cerns, but does not appear to advocate many of the
alterations which are now considered expedient.
In his recognition of the claims of labour we cor-
dially agree, however, and the main difficulty is
how to accomplish what is desired.
The ship Orwell, from Melbourne, brings 32,607
oz. of gold, and the Waterloo and Wooloomooloo,
from Sydney, have small amounts on board. The
dates are not so late as those already to hand.
In Madrid letters it is asserted that English and
French capitalists had at length consented to make
advances to the Treasury, but although M. Olo-
zaga is given as the authority for the assertion, it
seems highly improbable while the Certificates re-
main unrecognised.
At the special meeting of the Colonial Bank this
day, the assent of the proprietors was given to the
request of the directors to apply to her Majesty
for a supplementary charter in respect to its affairs.
There was a meeting of the National Brazilian
Association, Mr. R. Shepherd in the chair. After
some explanations of the proposals of Mr. Oxen-
ford, it was agreed that the Chancery proceedings
should be withdrawn, and that Mr. Shepherd be
reimbursed for his expenses. Mr. Corney arid
Mr. Hartley were added to the committee.
Tne extraordinary accumulation of bullion has
led many to believe that the Bank of England
would even at the board meeting of the directors,
this day, resolve upon another, reduction of the
rate of discount, but no alteration has been. an-
nounced.
The Stock Market is dull, at the decline which
occurred late yesterday. After the recent aeltive
dealing and the trial of strength in the Commons
this evening, the speculators are prompted either
to realise profits accrued or to await the result.
It is known that Ministers have sent a circular
round to their supporters, urgently requesting their
attendance at a meeting in Downing-street, this
day, at one o'clock. Consols have been 901- for
transfer and account. The New 3 per Cents. have
been 901 to 90g' and the Reduced 89a I. Exche-
quer Bills have been 10s. to 145., and East India
Bonds 18s. to 21s. prem. The Omnium has been
flatter, at 2g- to 28 prem. The 30 Years' Annuity
has realised i6g.
There is very little animation in the Foreign
Stock Market, and Turkish Bonds again tend
downwards, being 771 and 761. Venezuela Bonds
are 29, and Buenos Ayres 541. Mexican are
weaker, viz., 22 to y. Belgian 41 per Cents.
are marked 911. Dutch 28 per Cents. have re-
ceded to 63, and the 4 per Cents. are rather
higher, being 92i to 93/.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 6 to 7-1-; Mexi-
can, 22 to 221 ; Peruvian, 67 to 69 ; ditto Three
per Cents., 47 to 49 ; Portuguese Four per Cents.,
42 to 44 ; Russian Five per Cents., 98 to 100 ;
ditto Four-and-a-Half per Cents., 83 to 90 ;
Spanish New Deferred, 18p to 181 ; Ditto 3 per
Cents., 37 to 371 ; Ditto Certificates, 4 to 4f ;
Ditto Passive, 31 to 41.
The railway traffic returns have been maintained
this year to a greater extent than might have been
expected, seeing the interruption to the ordinary
course of business by the war in part, and also by
the compelled moderation of our shipments to Aus-
tralia and many distant foreign markets. It will
perhaps be by many considered full time
that the established companies were in a
position to pay better dividends ; but former
expensive management and the recent increased
cost of many necessaries have proved a drawback.
With any great increase of traffic, and no corre-
sponding enhancement of working charges, some
augmentation of the dividends will very probably
occur, and to this an easy money market, enabling
the companies to borrow cheaply upon their de-
bentures, would contribute.
. The last week's railway receipts, ascertained up
to this day, are in round figures as follows :-
1855. 1854.
£25,799 £22,876
55,717 52,196
14,667 14,341
12,172 12,728
25,803 25,912
16,162 16,468
11,231 11,279
19,505 17,174

Great Western
North-Western
South Western
Brighton
Midland
South=Eastern
Caledonian

Great Northern
Lancashire and Yorkshire 19,587 19,386
32,257 30,789
North-Eastern
The English Railway shares are somewhat heavy,
but the Market is generally dull. Tho. Canadian
undertakings are firm. Great Luxembourg rule
per cent. higher, and Western of France are fatly
10s. better. Northern of France are well sup-
ported.
Mining Shares are neglected, and the Banks
present a quiet appearance. London and West-
minster have advanced slightly. Crystal Palace
are steady.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
(From the Oficial List.)
Business done
3 per Cent. Reduced Annuities........ 893 I 4
3 per Cont. Consols Annuities .......... •
90;1 i h
low 3 per Cent. Annuities .... 9OA $ 90/
New 2A per Cent. Annuities ............. .
15-16
3 76
Long Annuities, Expire sth Jan., 1850 -
Ditto 30 Years, Expire sth Jan., 1860 48
Ditto 30 Years, Expire sth April, 1885 164
India Stock
Isdia Bonds. £lOOO ........„
Ditto, under £lOOO lB 21.
Consols :or Account, 30th May 9Ol 5-1
Cranium
olxellequer Bills, 21d.
21000
2500 lO 15
Small lO 15
Ditto Advertised 4 7
PRICE OF FOREIGN FUNDS THIS D.Y.
Buenos Ayres Bonds, 6 per Cent s4i
ilexican 3 per Cent.
Ditto for the Account 22- 2 / 2
Spanish Bonds, 3 per Cent 37/
Darkish Bonds, 6 per cent - -
Ditto for the Account 6- 7A
Venezuela Bonds, 3i per Ceut.......... 29
Dividends on the move payable in London.

Belgian Bonds 21 per Cont. cx. 25 fr --
Ditto 41 per Cent. Ex. 25 fr
Dutch Exchange, 24 per Cent. 12 Gull 631
Ditto 4 per Cent. Curtiaeates
THREE O'CLOCE.
............... 901
............... 901 k

Consols ..
Ditto, May Account ..

LLOYD'S SHIPPING--(THIS DAY•)

LONDON, May 21—Wind and weather this day st noon,
S.S.W. ; light breeze, and fine weather.
MARGATE, May 23.—The Success, from Rouen to Lon-
don, got on shore on Foreness Rock, this morning, during
thick weather, but has been got off.
SOUTHAMPTON, May 23.—Wind, SW. Sailed—Wash-
ington, for New York.
PLYMOUTH, May 23.—Wind, W.S.W. Arrived—
Gazelle (storo-ship), frorn London, for the Crimea. Off
Port— Wooloomooloo, from Sydney, ; Orwell,
Melbourne.
FALMOUTH, May 23.—Wind, W. Arrived—Hygiea,
from Matancas ; Johanna Catharina, Akyab. Off Port—
Clara, from Porto Rico, and sailed for Bremen; British
Tar, Jamaica.
COWES, May 23.—Wind, W.S.W. Arrived—Johanna
Caroline, from Maroim.
SWANSEA, May 23.—Wind, S.W. Sailed—Henrietta,
for Cuba ; Appleton, do.
MEMEL.—The Emma and Helena has been brought in
hero a prize to the English blockading squadron.
CAPE TOWN, March 30.—Tho Star of the East, from
I London to Aden, put in hero on the 21st inst.
aywith her
I crew in a state of mutiny ; she pr yesterd.

(PER ELECTRIC TELEGRAPH.)
LIVERPOOL, Thursday Morning.

_
Wind, S. ____
11
Arrived—Margaret, from Havre. Off Port—Parker, il
from Demerara. -`,
Sailed—Cr.st of the Wave, for Philadelphia ; John '
Stowell, Quebec; Wave Queen, Gibraltar.
QUEENSTOWN, May 22.

Wind, N.N.W.
Arrived—Hannah Jane, from St. Sebastian ; St. Paul's,
Mazagan ; Claude, Callao ; Autoinetto, Maria, and Su-
sannah, Alexandria.
Sailed—Phoenix, for Rotterdam.
WATERFORD, May 22.

Wind, S.
Arrived—Elizabeth, from San Sebastian.

(BY SUBMARINE AND BRITISH TELEGRAPEI.I
DEAL, Thursday, 10 a.m.
Wind, S.W. ; moderate, and fine.
Passed—Bale, from the West 'lndies ; George Stock-
ham, from Cuba; Charles and Jane, Havannah ; Maid of
Judah, Sydney ; Mary Henzell, westward ; Calypso, Ja-
maica ; Ceres, Sierra Leone ; Neleus, Bombay ; Sutlej,
Calcutta; Camperdown (90 transport), Queenstown—all
for London.

j Anchored—Kong Swerve, from London, for Cardiff.