The Sun.
London, England, 1855-09-14 00:00:00

I Cc)

K ET

ANO

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoes-,,
The Liverpool Cotton Market yecterday cicsed
tamely, but with much eyennsss in prices. Ameri-
earl cotton lost the advance obtained on Tuesday,
.„and prices of all descriptions were as quoted on
Friday last. The sales, to•day, were 7,000 bales,
c°l4Prising 4,500 American (500 for export and
a 0 on speculation) ; 100 Pernam and Maranham,
bid. to 7id. ; 250 Egyptian, 6d. to 91d. ; and
2
i°oo Surat, (half for export) 4d. to 52d. per lb.
he Railway Shares opened firmly, but on the an-
nouncement of the rate of discount by the Bank of
ligland, prices declined and closed quietly.
An extensive business has been done this week
in colonial produce and fuller prices have been
"'Tent. Sugar is generally ls. dearer, with large
purchases,
and coffee has risen Is. to 2s. per cwt.
lee has ruled quiet, but steady, and also tea.
Spices have generally slightly advanced, and cocoa
'4 dearer. Saltpetre has been dull of sale, arrow-
rtOot has ruled steady, and cotton has been at pre-
knia prices. Tallow has been heavy.
.It has been contended that the law of Limited
„ Liability would introduce to the public a host of
Jude and doubtful undertakings that ought never
have received encouragement, but as yet there
i°
no evidence of this, and projects announced are
°4 in their way of a legitimate character, and
inch as can be best tested by the combination of
i
capitals that form in the aggregate a
urger total than the individual whose genius
°r enterprise launches a scheme could ever
li 131)e to provide. The secondary advantage of re-
tailling the capital, which otherwise would be
attracted to foreign countries, we need not dilate
t
„..12311. Among the best, if not the best, of the
dertakings in which the public are just now in-
-o,le'Ll to take an interest, is the General Cooperage
1,1141. PanY, working under Hamilton's patents,
have been successfully tested on a large
;1" during a period of two years. The necessity of
t,,tending the manufacture to meet the demand, is,
rrever, one of the natural results of this success, as
Contemplated to form establishments at Liver-
-47,,1) Burton, and the large centres of consumption,
the companyalso propose osell fashioned staves
teaclY for the immediate use of coopers, and for
eolnrsent to foreign countries. Having had, in
bionction with other parties, the opportunity of
kweing the whole of the machinery in operation,
kith
unhesitatingly testify to the rapidity with
4 !eh every process is carried out, the accurate
1111411 of the materials that form the casks and
4ve, economy of wood. One man, it is ascertained,
toe
Put together and finish as many casks from
o° Staves cut and fashioned by this company as
%lir then would do by the ordinary method, and
e testimonials from Messrs. Truman and Han-
ttlrY, Abbot, Bass, Meux, and other eminent
htewers who have been supplied with thousands of
o:gltheads, as well as the report of various ship-
°ers, would be sufficient to convince the most
lec
he Francis Henty, which left Melbourne June
' arrived at Pernambuco August 21, en route to
radon.
Q.re
tat at disappointment is felt that the " Boome-
Sr should be bringing home the Australian
When she was 94 days on the passage out.
has been 99 days out, and is still due.
Messrs. D. Bell, Son, and Co. report that the
Market for American Securities continues dull, and
atehe transactions during the past week in the
Stocks have been few, and prices have not
off4tied, whilst the Railroad Bonds have been freely
°red for sale, and prices are generally lower.
STATE SECURITIES.
g, Redeemable. Per Cent.
-J'and 5 per Cent. (Sterling Bonds) ... 92i 93i
rtinia 6 per Cent. Bonds 1886... 881 891
RAILROAD BONDS.
I:l42l°.is_Centra.l 7 per Cent. Ist Mortgage,
/11110t.Uonvertible 1875... 77 78
via Central 7 per Cent. Freelandlsro
81
iF°ligan .... . ' *****
* * ********.... 96 98
pork and Erie 7p. peren dennot. Sinking
IVI/nd 1875... 81 82
illatna 7 per Cent., Ist Mortgage (Ster-
. gthllZ Bonds) 1859..1861... 96 97
41,4111 e alteration in the Bank rate of discount, by
nether increase from 4 to 4i- per cent., was made
der a longer sitting than usual of the weekly
rd, and hence could not be communicated in
fillle of the first impressions of The Sun ; and
ght as the money-market had been, the ad-
tile ee took most p.-rsons by surprise, even
hill brokers being unprepared for it, and be-
g that it could be postponed for a time. This
1:41V Was encouraged by the large sales of stock,
to be for account of the Bank of England, and
teetefore supposed to be made with the object of
d:tiering money scarcer in the general market,
4. at the same time placing increased means at the
kitksal of the directors. We have not the opportu-
k /t)f knowingprecisely what the demand foraccom-
Matien has this week amounted to, although it
l:lhildoubtedly large, but rumour affirms that the
tli,".inti at the Bank up to Saturday last had been
te;;4lnislied 800,0001., and that a further material
le uetion has been going on this week. This much
kreeertain' that at present the discount brokers
Puzzled how to act. The change being
uenly made they have a large amount of bills
hand,
which they did at 31 up to 4 per cent.
toording to the date, and could not now get money.
tat Olider 4or 41. They therefore naturally hesi-
-44.e about assisting the upward movement,, and
ktre only increased by 4 per cent. their allowance
se, rnoney on "call." The general belief,
%:ertheless, is that they mu .0 add on
„Ill: other and keep pace with the Bank, which
tt :surprise them a second time, unless the specie
s4:11.8 arrested by another jump to 5 per cent. It
a'iYi be remarked however, incidentally, that we
ere .
the
to have an improvement this afternoon.
lik"tle foreign exchanges, and a check to anything
',!3tztggerated grain specie.
is English English funds have been flat, as was to be
threted from the influence of dearer money, and
h re have been some further sales for transfer,
raft the e speculators appear notwithstanding to havepro'er more confidence, and to anticipate some im-
fer:arnent. Consols have been 901 to for trans-
-124.44nd 90i for account. Exchequer Bills are
The
13s. premium.
bue Foreign Stocks all rule a little in favour of
113% th Turkish Bonds have been 921 to 93, and
ew Scrip is to 1 prem. Spanish Threes are
brE.,,, Deferred 191, and the Passive 41 to 5.
ach Scrip is 24 prem. Dutch Four per Cents.
it'
I",e been 96i i•
etoet.lle following are the nominal prices of foreign
414,7, :—Grenada Deferred Bonds 6g. to 74 ;
jean, 21k, to 211 ; Peruvian, 77 to 79 ; ditto
1111 -
ee
per Cents., 57 to 59 ; Portuguese Four per
1.0(j'il• 43 to 45 ; Russian Five per Cents., 98 to
; ditto Four-and-a-Half per Cents., 89 to 91 ;
pettish New Deferred, 19g to 20 ; ditto Three
Cents., 381 to 39 ; ditto Certificates, 41 to ;
94° Passive, 41 to 4i ; Turkish Six per Cents.,
Pre to 93 ; ditto Scrip Four per Cents. if to 1}
Et 3,41.; Dutch Two-and-a-Half per Cents., 64 to
tlditto Four per Cents. 95 to 97.
ilivay Shares are drooping, and sellers pre-
hinate
Babe Foreign. Mines are cheaper to buy. The
as, 'a are nominal. Canada Company's Shares
higher again.
ktITT
--SR FUNDS THIS DAY.—CLOSING PRICES.
From the Oficial List.

De n0.m...,1„,,,
1,,,j Cent. Consols Annaitlee
18fte . 9fiiiiii
e Pknntlitiea, Expire sth Jan.. _
1114.14° 30 Years,
liip Stock Expire sth April, 1885 17
229 30
l Aonde £lOOO
o Itte. ` • )0 2O
ve,„ , Ltuder Lloi
E ,or Account, 12th October
2192 a i i i
2(1.
t'llequer Bills,
tic%
12 5
Small
• . 12
te
hbiegttlteol: Bonds 1858, 3i per Cent....
1859, ft .. 1001 i
litlttl'iii.RlCE OF FOREIGN FUNDS THIS DAY.
tr -01 Bonds 5 per Cent.
114,,,1tt0 Small
14,,,,-°" Ayres Bonds, 6 per Cent 57
iZELTI Bends 4. per Cent.
ila,„l`to for the A count 7Bl
6-'1;" tiouds, 3 Per Cent 3Bl
bits" Now Deferred, 3 per Cent.
t. b 19t 20
- olvi, Passive 4f 5
b.. 1 Rends, 6 per cent —
bZ: for
New the account
Scrip, 4 per Cent.
Or ''iv,londu nn tnt above payable In London.
_ltteh
#,D•ti_Tatee, 3 per Cent.
'l-'" 'er. 2 d L an of 1855
blot .„ to 0 o
7tetutuge. 24 per Cant. 12 Gull 7,
t° I poi- Cenc. Curtifleates ...... -- NI I
THREE O'CLOCK.
"A
'°%•,. 90i
Iklloll
ttu for the Acieouat ... 9Ol t

..• -
... 2 p