The Sun.
London, England, 1855-10-17 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool cotton market yesterday closed
tamely, and prices of Americans and Surats were
1-16 d. to id. per lb. dearer than last week. All
other kinds were unchanged. The sales were
6,000 bales (1,400 for export), comprising 40 Per-
nam and Maranham at 61 to 7d. ; 20 Bahia at
bid. to 6fd. ; 100 Egyptian at 52d. to 9d. ; 700
Surat at 31d. to 4fd. ; and 50 Sea Islands at 10d.
to 11d. per lb. The Railway Share Market opened
dull, but in the afternoon improved and closed
firm.

Letters received from the manufacturing dis-
tricts this morning represent trade as having,
within the last two or three days, exhibited slight
symptoms of improvement, the inquiry for fabrics
having rather increased, and the prices have taken
an upward turn. The woollen trade, however, is
not likely to evince much activity until after
the colonial auctions in London, which will in-
clude about 57,706 bales, and various opinions are
hazarded as to the probable result. In Liverpool,
cotton, as mentioned above, has risen id. per lb.,
but this, it is expected, will not produce much
steadiness in the market for manufactured articles,
as the advices from the United States are not con-
sidered altogether favourable.
_ _

The Overland accounts from Bombay do not re-
port any improvement in trade. The markets for
British manufactures were quiet, and lower prices
were generally accepted. The supplies of cotton-
piece goods were large, and consequently ruled
heavy. Owing to the want of rain it was expected
that there would be a material deficiency in the
opium crop. Money ruled steady, with a rather
more active demand.

In our issue of yesterday we noticed that Baron
Bruck, the Austrian Minister of Fiaance, has laid
a project before the Imperial Government to insti-
tute a new bank of credit, ceding to it certain
crown lands, upon its advances to the State, for
a- sum equivalent to 155,000,000 florins. By a
telegraphic despatch from Vienna, dated the
16th instant, it is stated that this important
project has received the Imperial sanction.
This now institution of credit will receive
the name of the " Hypothek Banc," or the General
Bank of Credit. It will have power to advance
upon public and other securities, but will not be a
bank of issue. Consequently it will not interfere
with the operations of the old banks, but will
rather tend to relieve them in their heavy
transactions with the Government. Should
its credit be good on the Paris Bourse and
the London Stock Exchange, it is anticipated
that there will be an influx of gold into the Aus-
trian Treasury, so as to enable the Imperial mint
to add the precious metals to their currency,
which at present is at; a very low ebb. The
Government in acceding to the measure state that
it is for the purpose of extending the commercial
and industrial operations of the country, which at
present are severely depressed.
The public funds at Vienna remained stationary,
and other stocks were generally firm. The Na-
tional Loan had risen from 781 to 78i, while Bank
shares had fallen from 1055 to 1053.

The llinoiteur, of the 13th, publishes a decree
which prohibits the exportation of chestnuts and
horse-chestnuts to the 31st December ; also flour
and meal ground from the same; andadmits them
at the reduced duty of 25 centimes per 100 kilo-
grammes.

English Securities opened this morning with
rather a heavy appearance, some disposition being
shown to renew " Bear" operations ; but on real
purchases being made to a rather large extent the
market became firmer, and Consols advanced to
87/ and 881 for money. The Account prices,
after having been 87g- and 871, advanced to 88k
and 88k. Exchequer Bills remained heavy at 7s.
to 3s. disconut. India Stock is flat at 225, but
Bank Stock is firm at 207 to 209. The New 3 per
Cents. are 87f to 87n, and the Reduced 861 to 861.
A moderate business is doing in Foreign Bonds,
and generally at steady prices. Spanish Deferred
rather advanced, being 19/ to 191. Equador are
41., Grenada Bonds are 181, and the Deferred 61,
which are previous values. Peruvian Bonds are
worth 71 to 73, Venezuela 4k per Cents. 251, and
the Deferred 11. Turkish 6 per Cents. opened
at'B7-i to 87L but have since rallied 801 to 80i for
account. The New Scrip is at, present 3,i to 3 dis-
count. Dutch 21 per Cents. are flatter at 641,
but the 4 per Cents. have risen to 931.
The Railway Share Market has partaken of the
firmness of the Funds, and although the transac-
tions are very limited a slight advance is observ-
able in most of the principal lines. The business
was chiefly in Midland, Brighton, North-Western,
and South-Western. The French lines in most
eases are nominal, as the dealing in them is to a
very small extent.
The following are the nominal prices of foreign
stocks: Grenada Deferred Bonds, 18 to 20 ;
Mexican, 20 f, ex div. ; Peruvian, 72 to 74 ; ditto
Three per Cents., 52 to 54; Portuguese Four per
Cents., 43 to 45 ; Russian Five per Cents., 95
to 98; ditto Four-and-a-Half per Cents., 85 to 88 ;
Spanish New Deferred, 37/. to 38i ; ditto Three
per Cents., 19k to # ; ditto Certificates, 4to4f ;
ditto Passive, 41 to 5.
United Mexican Mine Shares have recovered
from yesterday's depression, and are now firm at
4k to 41. Banking Shares are dull, and without
any particular alteration in value. In the miscel-
laneous market there is no particular feature to
notice, but Royal Mail Steam are up to 103.
higher.