The Sun.
London, England, 1855-12-13 00:00:00

IVIONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The Liverpool Cotton Market yesterday closed
very firmly, and the prices of American and Surat
were id. per lb. dearer, but all other kinds were
unchanged in value. The sales were 8,000 bales,
1,000 of which were taken on speculation. They
comprised 200 Pernam and Maranham, 6d. to
6id. ; 150 Bahia, 6d. to 6id. ; 260 Egyptian, sid.
to lid. ; and 1,200 Surat, 3id. to 4d. per lb.
The Railway Share Market was steady, at about
the currency of Tuesday.
The letters received from the textile manufac-
turing districts do not report any improvement in
the condition of trade ; and as the stocks are in-
creasing a downward movement in prices will most
likely ensue. Wool and cotton have ruled rather
firmer, but this has had no effect upon the current
values of manufactures. In Manchester, stocks
are limited of cloth and yarn, the supply of the
latter having been reduced in consequence of the
strike. Many of the mills are now working "short
time," and the quotations are expected to advance.
In the wool market, at Halifax, there has been
more animation, and prices tend upwards.
The state of affairs on the Paris Bourse continues
unsettled, and buyers are not inclined to make
large investments. Speculators for the fall in the
railway market have it considerably under their ,
command, but many are afraid of Saturday next,
which is settling day. Compared with the previous
day's prices a further decline occurred yesterday
in East of France, Lyons, Great Central, and
Western, of 2f. 500. to sf. per share. Bank Stook
is firm at the advanced quotations of last week, and
continues to rise, while the shares of the Credit'
Mobilier are still falling. In French Rentes a de-
cline of 50 centimes has taken place in the 4i per
Cents. for money, and 30a. for the account ; and
in the 3 per Cent. Stocks 15c. for money, while for
the account no alteration has taken place.

Telegraph accounts from Madrid state that the
payment of the second quarter interest on the Na-
tional external debt will take place at Paris and
London on the 15th inst. It is announced also
that the Government of Mexico has suspended pay.;
meat of the Spanish debt. Propositions are stated
to have been made by the Grand Central Railway
Company of France, relative to the Madrid and
Saragossa Railway, which have been accepted.
The subscriptions for the sum of 15 million
florins allotted to the public, out of the proposed
capital of the New Austrian Bank of Credit, con-
tinue to increase largely, and an enormous list is
expected to accumlate at the close, on the 15th inst.
It is stated that the subscribers both foreign and
local are people in affluent circumstances. The,:
New Bank Shares have risen to 117. On the
Vienna Bourse, however, business was excessively
dull, the public funds were declining, all kinds of
shares were freely offered, with few buyers, and
money was getting scarce again. It is evident that
the recent improvement in the money market was
but temporary, and the foreign exchanges are on
the rise. On London it has advanced from 10.4 to
10.42, and on Paris from 1271 to 128.
Favourable accounts have been received from
Belgium of the improved traffic returns on the
principal lines of railway. The receipts for the
month of November, on the Antwerp and Ghent
line amount to 50,472 fr. this year ; which com-
pared with the same month last year show an in-
crease of 6,899 fr., and that with 1853, is 4,346 fr.

greater.
Accounts from Stettin announce that the frost
had set in there with such severity that the navi-
gation from thence to Swinemunde was declared
to be entirely stopped.
The question of constructing a canal to Kos-
tendje has been again on the tapis. The represen-
tations of the company formed to carry out the
project have definitively settled with the authori-
ties at Constantinople, and everything has been
signed and sealed to the satisfaction of all parties.
In Public Securities there is very little anima-
tion, but the market now rul4s rather firmer than
at the commencement of business. The reported
surrender of Kars, and the increased inquiry for
discount accommodation for the Turkish Loan
instalment, due to-morrow, and that on
the English, payable next Tuesday, have de-
pressed the quotations and limited specu-
lation. The latter cause of uneasiness may
probably soon be removed, however, and many
are now inclined to attach less importance to the
intelligence from Kars than they did upon its arri-
val yesterday. Owing to an idea which gained
some ground that the Bank of England would re-
duce the rate upon long dated bills, the Funds im-
proved, but as this step was not resolved upon at
the directors' meeting they have again become
rather flatter. Consols which had been 88i # rose
to 88i and at one period were nearly buyers at the
84 hut they are DOW 881 New 3 per Cents.
are 88 to 89, and the Reduced, 88 11. Exchequer
Bills are 7s. to 3s. discount.
The Foreign Securities have continued in a
quiescent state, and the fluctuations in the quota-
tions have not generally been of importance.
Turkish 6 per Cents., however, have advanced to
831 and 83-i, and foraccount the prices have reached
83i to 84. Nothing has been done in the New Scrip.
Russian 5 per Cents. are 2 per cent. lower than
on Tuesday, namely, 961. Brazilian 5 per Cents.
are heavy at 98k, the New 5 per Cents. at 97/,
and Danish 5 per Cents. at 101. Dutch Bonds
rule steady, the 21 per Cents. being 63/, and the
4 per Cents. 94.
The following are the nominal prices of foreign
stocks: Grenada Deferred Bonds, 61 to 7 ;
Mexican, 19 to I ; Peruvian, 74 to 76 ; ditto
Three per Cents., 52 to 54; Portuguese Four per
Cents., 44 to 46 ; Russian Five per Cents., 97 t 099 ;
ditto Four-and-a-Half per Cents., 88 to 90; Spanish
Three per Cents., 39i to ; ditto Passive, 7-1, to
7i ; ditto Deferred, 205 to ; ditto Certificates,
41 to 1.
This is "ticket day" in the Railway Market,
and the adjustment of the account is in progress.
Money is dear, and the rates of " contango°' are
in most cases heavy. Caledonian and North-
Western are rather higher. Great Western of
Canada have advanced about Foreign Shares
are neglected.
Mining, Banking, and Miscellaneous Shares are
without alteration.

BRITISH FUNDS THIS DAY.—CLOSING PRICES,
( Pron•. the Official List.

Busine( done.
3 per Cent. Reduced Annuities ......•. BBB
. per Cent Consols Annuities Shut ,
New 3 per Cent. Annuities
Long Annuities, expire stb Jan. 1860 --
Ditto 30 Years, expire sth April, 1885 l6/ 5-16
India Stock Shut
India Bonds, £lOOO ..
Ditto, under £lOOO 3 6 2
rlon.ols ?or Account BS d
Etehequer Bills, 24d.
21000
•••

'Ruud] 2 6
Ditto Bonds,
1859 18
9
58, 3i per Cent 97i 8k
7i 8/
~ 2,
PRICES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
Ditto New, 5 per Cent., 1829 and 1839 97i
Ditto 7 per Cent. (Matanza awl Sabanilla) 99
Danish Bonds, 3 per Cent., 1825 —
Ditto 5 per Cent
'lexicon 3 per Cent.
Ditto Account l9a i
Russian Bonds, 5 per Cent., 1822, £ St 96; t
Sardinian Bonds, 5 per Cent. ..:......
l'urlubh Ronda, fi per cent B3i ri-'4
Ditto for the Account . 83i i 4 34 i
Ditto New Scrip, 4 per Cent.
Ditto for the account 34
rivideads on the above payable in London.
Dutch Exchange, 2i per Cont., 12 Gull 63i
Ditto 4 per Cent. Certificates 94 i
THREE O'CLOCK,

Consols ........................... ..
Ditto for Account Jan. 10

DEATH Or JONES THE PUGILIST.—The prize fight
which took place on Tuesday between Madden and Jones
has terminated fatally. One of the principals in the
affair, Jones, died yesterday morning, at Long Reach,
from the injuries he received during the fight.
THE PRESS AFLOAT.—A singular compliment is about
to be paid to Mr. W. Russell, of the Times. The largest
vessel ever built at West Hartlepool will shortly be
launched from the yard of Mr. John Pile, a well-known
shipbuilder, and will be called "The Times' Correspon-
dent,"