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

FY

MARKET

AND
CCMM ERCIAL INTELLIGENCE.

CITY, Two o'CLocic.

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 6d. to 7d. ; 20 Bahia at
sid. to 62d. ; 100 Egyptian at 53d. to 9d.. ; 700
Surat at 31d. to 41d. ; and 50 Sea Islands at 10d.
to lid. 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.,
bat 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 Finance, 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
15th instant, it is stated that this important
project has received the Imperial sanction.
This new 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 78k, while Bank
shares had fallen from 1055 to 1053.

The Mnoiteur, 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; and admits 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, an .1 Consols advanced to
871 and 88i for money. The Account prices,
after having been 87g- and 87/, 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 871 to 875:, and the Reduced 86!z to 862.

A moderate business is doing in Foreign Bonds,
and generally at steady prices. Spanish Deferred
rather advanced, being 19,', to 191. Equador are
4.1. Grenada Bonds are 181, and the Deferred 6.1,
which are previous values. Peruvian Bonds are
worth 71 to 73, Venezuela 4i per Cents. 253, and
the Deferred 11. Turkish 6 per Cents, opened
atlB7-.15 to 87:,, but have since rallied sq. to .803: for
account. The Now Scrip is at present 31 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
cases 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 1, 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 S 8 ;
Spanish New Deferred, 372 to 381 ; ditto Three
per Cents., 19 to ; ditto Certificates, 4to4k ;
ditto Passive, 4i to 5.
United Mexican Mine Shares have recovered
from yesterday's depression, and are now firm at
41 to 41. Banking Shares are dull, and without
any particular alteration in value. In the miscel-
- market there is no particular feature to
notice, but Royal Mail Steam are up to 10s.
higher.

BRITISH FUNDS THIS DAY AT ONE O'OL,
( From t 7 Onicial List. )

11n,inAss done
Bank Stock
3 por Vent. Reduced Anunitics.........
3 per Gent Consols Annuities 874 a 8,1 7i
New 3 per Cent. Annuities
L'ule Annuities, Expire sth Jan., IVO 3i 3
Ditto 30 Years, Expire sth April, 1885 16
India Stock
India Bunch, £lOOO ..
Ditto, under £lOOO 2 3 p
Consols ?or Account, Bth November B7B 8}
E collect= Bills, 2id. I 2d.
£l000
2500

72

Small
Eseheqxer Bonds 1858, 3i per Cent..., 981
Ditto 1859, „ ~. 981
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Equador Bonds
Grenada Bonds, 1i per Cent.
Grenada Bonds, Deferred
P, Bonds, 4' • Cent- 71. 3

'eruvian ,onas, 4.i per - .....
Sardinian Bonds, 5 per Cent.
Spanish Bowls, 3 per Cent
Ditto Now Deferred, 3 per Cent.
Turkish Bonds, 6 per cent 79i
Ditto for the account 79i 80t1
Ditto New. Scrip, 4 per Cent. 3 d
Ditto for the Account 3N 3
Venezuela Bonds, 41 per Cent.
Ditto Deferred, 1 per Cent
Avhiends on the above payable in London.
Datch Exchange, 24 per Cent. 12 Gull
Ditto 4 per Cont. Certifleatee 93i
HALP-PAST TWO.
Consols
Ditto for tbei keeount Bth Nov B7i 88

-
PRICE OF GOLD.—The quotation of gold at Paris is
6 per mills premium (according to the last tariff),
which, at the English Mint price of 3/. 17e. 100. per
ounce for standard gold, gives an exchange of 25.32';
and, the exchange at Paris on London at short being
25•32 i, it follows that gold is about the same price
in London and Paris. By advices from Hamburg
the price of gold is 426 per mark, which, at the Eng-
lish Mint price of 3/. 17s. 101 d. per ounce for standard
gold, gives an exchange of 13.5 a ; and, the exchange at
Hamburg on London at short being 13.61 it follows that
gold is 0.41 per cent. dearer in London than in Ham-
burg. The course of exchange at New York on London
for bills at 60 days' sight is 109 i, per cent. ; and, the
par of exchange between England and America being
109 23-40 per cent., it follows that the exchange is
nominally 0.1.7 per cent. in favour of England ; and,
after making allowance for charges of transport and
difference of interest, the present rate leaves a trifling
profit on the importation of gold from the United States.
ST. PETERSBURG.—The advices from St. Petersburg
continue wholly devoid of any remarks beyond the
simplest commercial topics, with the exception of an oc-
casional assertion adroitly intended to create a belief
that, the greater the disasters she sustains, the more
distant will be the probability of Russia seeking peace.
The amount of produce being sent forward to the fron-
tier was comparatively small, and the rate of excharge
had dropped to 354 d., thus increasing the profit of
smuggling gold out of the country. The bad accounts
of the grain crops in the northern provinces are fully
confirmed, and this new element of embarrastnent is
likely to proye important..