The Sun.
London, England, 1855-10-22 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.
In the Liverpool Cotton Market on Saturday
the sales of Cotton were estimated at 6,000 bales,
(of which 1,500 for export) and include 400 Per-
nam and Maranham at Rd. to 62d. ; 40 Bahia
5/d. ; 400 Egyptian Sid. to Bd. ; and 1,000 Surat
35d. to 4kd. per lb. The market olosed heavily,
with some irregularity in quotations. Compared
with Friday's rates prices of all kinds were lean-
ing still in the buyer's favour. The Railway Share
Market for nearly all descriptions was of a languid
character, and prices were somewhat lower.
The intelligence received to-day by the Mail
from New York mentions that, during the month
of September, there was an excess of imports over
exports, to the value of 6,585,139 dols.,the balance
of trade, therefore, being considerably against the
United States. The position of the Money Mar-
ket was rather easier, but the demand was still ac-
tive. The Stock Market ruled steady, although
there had been almost a panic a day or two pre.
viously to that on which the mail left. The
Banks were contracting their engagements as
much as possible. For flour there was a
good demand, and the Pacific had just
arrived with large orders on French and German
account.

Later advices from California do not contain any
news of importance.
From the Sandwich Islands we learn that the
Legislature had reduced the duty on French bran-
dies, thus clearing the way for a re-arrangement of
the treaty with France. It is stated that a treaty
establishing reciprocal free trade in all products of
the Sandwich Islands and the United States has
just been concluded.
The Marco Polo, arrived at Liverpool, brings
the following dates :—Melbourne, July 21; Sydney
and Launceston, July 18 ; Hobart Town, 16 ;
Adelaide, July 17 ; and Auckland, June 16. Ac-
cording to this, therefore, the mails are 94 days
old. The Kent arrived at Melbourne on July 21,
and her dates from London were to May 12.
Another seasonable supply of gold has come from
Victoria by the above vessel in round numbers at
half a million sterling, which, added to that brought
by the Mermaid, will amount to 900,0001. sterling.
In the present critical state of the Money Market
it is a question of vital importance to know the
ultimate destination of this large amount of
bullion. It is hoped it will not leave this coun-
try for Central Europe, as too much of our Aus-
tralian gold has recently done, flowing through
indirect channels into the impoverished coffers of
our enemy. This vessel brings news to the 21st
of June, being only one day later than previous
advices. Business generally was recovering from
its depression at the commencement of the year, and
transactions were being conducted on a more sub-
stantial basis. Gold was still found in abundance,
and when old diggings had become worked out new
deposits of the precious metal were discovered,
which kept up the general returns with the pre-
vious year. The quantity shipped from Victoria
up to the end of June, independent of what was
taken by private hands, amounted to about a
million and a half ounces. The revenue returns
for the year, although maintaining their standard
of three millions sterling, showed a decrease from
those of 1854 of 70,7291.
On the Bourse, at Paris, the week closed '
with a tendency to improve, and there
seemed a general feeling of satisfaction that the
Bank measures had been decided upon. The
tables issued of the rates of discount fixed by the
Bank Directors since the beginning of the present
century have been published, wherein it appears
that the 6 per cent. rate agreed to on the 19th inst.
has not been demanded since the 20th February,
1800, which continued in operation until the 13th
November, 1806.

The English Funds are firm to-day, Consols being
871 for money, and 87i for November. They
have since been rather weaker, however. There is
an absence of speculation, and some support is
given to prices by the gold arrivals from Mel-
bourne. The New 3 per Cents. are 87i 1, and the
Reduced 86i 4. Bank Stock is steady at 209.
Exchequer Bills are up to 4s. to is. discount, and
India Bonds are ls. premium.
There is very little speculation going on in the
Foreign Stock Market. Brazilian Small Bonds are
at. 99, and up to the present moment is the only
Sonth American securities dealt in. Sardinian
Bonds have declined to 851. Dutch 21 per Cents.
are quoted at 641 to 643, being firmer. Turkish
Bonds have advanced from 79A- to 79'13, and New
Scrip is 31 to 33 discount.
The following are the nominal prices of foreign
stocks: Grenada Deferred Bonds, 18 to 20 ;
Mexican, 191 to 20 ; Peruvian, 72 to 74 ; ditto
Three per Cents., 52 to 64; 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 Three per Cents., 37i to 38 ; ditto New
Deferred, 19 to i ; ditto Certificates, 4 to 41- ;
ditto Passive, 4 to 5.
Railway shares are dull, and show some symp-
toms of flatness. Great Western, Brighton, and
Midland are all lower. The French lines are gene-
rally nominal, but Paris and Lyons are about ss.
below Saturday's rates.

Mining, Banking, and Miscellaneous shares at-
tract very little attention, and are without any
particular alteration.

BRITISH FUNDS THIS DAY AT ONR O'CLOOS.
( Prom at f*cial List. )

linsines.t done
Bank Stook ..... .

3 per Uent. Reduced Annnities......... B6i
A per Cent, Consols Annuities B7i
Now 3 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 3 7-16
Ditto 30 Years, Expire sth April, 1885 16 3-16
India Bonds, £lOOO
Ditto, under £lOOO par
Consolsror Account B7i 8
Exehequer Bills, 246.
2d.
£l000

£5OO —
par 4 d I par

gzchequiEonds 1858, 3i per Cent..:. 98$
Ditto 1859, ... 98a

PRICE OF FOREIGN FUNDS AT ONE O'CLO ( K
Brazilian Bonds 5 per Cent.
Ditto Small 99
Sardinian Bonds, 5 per Cent.
Ditto for the account
Turkieh Bonds, 6 per cent --...

Ditto for the account 791
Ditto Now Scrip, 4 per Cent.
Ditto for the Aceount 3a
f)iTidends on the above payable in Lon,l.n.
Dutch Exchange, 2i per Cent. 12 Gull 6li 1
HALF- PA SP TWO.
CAnsols
Ditto for Via ;Ace mint_ . B7l

20
20
10
10

20
5
20
18

25
it 26
10