The Sun.
London, England, 1855-08-07 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.
The cotton market at Liverpool yesterday
closed with a heavy feeling, but without change
in prices. The sales amounted to 6,000 bales,
(700 of which were taken on speculation), com-
prising 120 Pernam and Maranham at 61d. to 7d. ;
500 Egyptian at 60. to 91d. ; 1,000 Surat at 4d.
to 5d., and 30 Sea Islands at Is. 11d. per lb. The
Railway Share Market was dull, without any re-
markable feature.
The stocks of sugar at the principal ports of
Great Britain on the Ist August were as follows :
T 3,0
otBaol.
8 tons.
143,538 „
113,800 „
149,990 „

Year 1855 .
„ 1854 .
„ 1853 .
„ 1852 .

1851 .

149,118

Accounts from Hamburg state that the potato
disease there had never manifested itself so strongly
as at present. There had been frequent thunder-
storms, accompanied by hail at times.
The improvement of the Postal communication
with Australia is what every one anxiously desires,
and the problem still is, how best to effect the de-
sired object. Our own impression is that to insure
regulation no company or association that has not
already steamers at its command, and such a prac-
tical staff as is accustomed to these matters, should
be allowed to take it in hand, otherwise there will
be every likelihood of as decided a break up as
with the Royal Australian Mail Company.
The following is an extract of a letter, dated
Sydney, April 25, just received from the agent of
the Australian General Investment Association :

"I have seen the Governor about the postal comm•
nication, and shall see him again. I have little doubt
of obtaining all I ask—i. e., 24,0001. subsidy, and the
portages. You must do all you can to prepare some
company or parties to take up the matter. You can, I
think, find little difficulty when so good a certain annual
revenue is secured ; and T hope by the following mail to
receive sufficient powers from the Australian General
Investment Association to make a distinct proposal on
their behalf, which I should make subject to ratification,
but you must inculcate on the directors that promptitude
of action is everything in colonial enterprises."
The applicants for allotments in the French Loan
are very desirous that they should be received as
early as possible, their capital being locked up,
and there is no doubt that the French Government
will hasten the distribution, because of the tight-
ness that exists temporarily at Paris. A large
number of persons there have drawn their
bankers' balances to a lower point than usual, in
order, by asking for more than they require, to
make certain of-some portion, and until they get
the balance of the sum they ask, find themselves
rather inconvenienced. The considerable sums in
gold received here from Australia and America
this week will serve to augment the available stock
of which parties requiring to export the precious
metal can avail themselves, but we apprehend that
just at present bullion is more likely to return
from the continent.

The original Committee of Anglo-Peruvian
Bondholders, undeterred by opposition and diffi-
culties, continue strenuously to oppose the perse-
vering attempts made lay parties holding the home
debt to get it quoted in the London Stock Ex-
change, and give very cogent reasons against a
compromise. This day the home bondholders are
holding a meeting which is still in progress, and
although it cannot be denied that many of those
who have the Anglo-Peruvian debt have also be-
come possessed of the home stock at very low
rates, there is no valid reason on this score to assert
that the English creditors at large are interested
in the matter. The original Committee, in a do-
cument they have addressed to their constituents,
state :

" While one of these documents assumes credit for
the punctual payment of the interest on the Anglo-
Peruvian Bonds, which is not denied, as well as for the
regular application of the sinking fund, of which we
know but little, it ignores the incontrovertible fact of the
hypothecation of five-eighths of the proceeds of guano
sold in Great Britain, by the contract on the faith of
which the Old Bonds were converted. The committee
have forwarded protests to the Peruvian Government
against the non-fulfilment of this formal pledge, and
have made great exertions to obtain the full execution of
it ; had it been carried out, nearly one million of the
debt would already have been liquidated; To the un-
ceasing action of the committee in your behalf is solely
due the present increase of the sinking fund to five per
cent. on the 41 per Cent. Bonds, and of thrte per cent.
on the 3 per Cent. Bonds. But highly creditableaS this
increase is to the good intentions and sense of justice of
Gen. Castilla, in which the committee have expressed their
confidence, they cannot but consider it as much belowyour
just claims, and as inadequate to the object of having
the debt extinguished in a reasonable time ; the deposits
of Guano, which were once said to be inexhaustible, be-
ing now known to be limited, and in course of rapid
diminution. That it was the original intention of the
Peruvian Government to extinguish the debt at an
early period is evident from the clause in the contract
for the 41 per Cents., which reserves the right of paying
off at par so much of the loan as shall not have been re-
duced at the expiration of ten years. Senor Rivero
acknowledges the notorious irregularity which attended
the transactions connected with the arbitrary and un-
paralleled conversion of that portion of the internal
debt into sterling bonds, which were issued to Messing.
Uribarren, of Paris, and to Mr. Joseph Hegan, and
were attempted to be introduced into this market to
your serious injury. Among the objects of the appoint.
ment of this committee was, that of resisting the quota-
tion of the Sterling Bonds of the Home Debt in the Offi-
cial List of the Stock Exchange, and you are all
aware that, through the efforts of the committee,
this object was attained, It is therefore with no small
concern and regret that the committee now filed an
option given to the possessors of these securities of ex-
changing them for 3 per Cent. Bonds, with a sinking
fund of 2i per cent. The acceptance of this option will
make an amount of 1,589,0001., which is nearly equal to
that of the present 3 per Cents. Whether accepted in
whole or in part, the old attempt, although in another
form and for a diminished amount, will probably be re-
vived, of obtaining a quotation in the official list ; and
as this would also be most prejudicial to your interest,
this committee will feel bound to resist it, and have no
doubt the Stock Exchange Committee will adhere to
their former wise and just decision."

The Funds are well supported, but (with very
little doing, and all the arrangements for the set-
tlement. of accounts to-morrow appear now to be
completed. Consols for money have been up to
91 and 91i, and for Account 904 to 91. Exchequer
Bills at 2d. are 19s. to 225. premium. Bank Stock
is steady at 214, and India Stock at 231.
The Foreign Securities have been steady. Turk-
ish Bonds are quiet at 91. Peruvian Stock is 811
to 82, being firm. Equador is buoyant at 41 to
4,7;.. Mexican Bonds have been marked 21.
Dutch 2i per Cents. are 64/. •
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 71 to ; Mexi-
can, 21 to 21i ; Peruvian, 811 to 84 ; ditto Three
per Cents., 59i to 60i ; Portuguese Four per Cents.,
43 to 45 ; Russian Five per Cents., 100 to 102 ;
ditto Four-and-a-Half per Cents., 89 to 91 ;
Spanish New Deferred, 184 to 19i ; ditto 3 per
Cents., 37k to 37i ; ditto Certificates, 41 to 41 ;
ditto Passive, 4 to 41-.
Railway Shares are extremely inactive, but
North-Western are at very full rates, and South-
Western are firm. Aberdeen are steady at 24g.
Great Northern A Stock is rather heavy, and also
Great Western. The French lines are buoyant.
Eastern are up 1/. East Indian are flat.
Joint-stock Bank Shares are rather firmer.
Australian Agricultural are firmer. General Screw
Steam are scarcely so high. Crystal Palace are
without change.

BRITISH FUNDS THIS DAY.—CLOSING PRICEF.
/Prom the Official List.)

. _
gu,hicsa dons
Btnk Stock
i per Cent. Reduced Annuities.....,...
3 per Cent. Console Annuities 9l 90k 14 1
New 3 per Cent. Annuities
cone Annuities, Expire sth Jan., 1869 4 1-16-
Ditto 30 Years, Expire sth pril, 1885 16 15-16
India Stock
Consols .'or Account, Bth August 904 1
exchequer Bills, 2i d I 2d.
£lOOO .... ... 24 1 I 19 22
2500 I 19 22
Small .
. 19 22
Ecchequer Bonds 1858, 36 per Cent.... 1004
Ditto 1859, _,, ... 1004
PRICE OF FOREIGN FUNDS TH I S DAY.
Brazilian Bonds 5 per Cent. ..
Ditto Small
Rquador Bonds
Grenada Bonds, Deferred
ilexican 3 per Cent.
reruvian Bonds, 44 per Cent
Ditto for the Account B2 11
Ditto 3 per Cent.
Ditto for the account 591
Sardinian Bonds, 5 per Cent.
Ditto for the account •••••
876
panisi, Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent.
Tarkieh Bonds, 6 per cent
Ditto for the account
Venezuela Bonds, 41 per Cent......, .....
Ditto for the Account
•Iv.dend, on the above oayeble in 1,011,,011.
Belgian Bonds, 2h per Cent. ex. 25 fr _
Ditto 41 per Cent. Ex. 25 fr 914 4
Dutch Exchange, 26 per Cent. 12 Gun 6ll
THREE O' CLOCK .
Consols
Ditto for the Account 9l