The Sun.
London, England, 1855-10-09 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK.

In the cotton market at Liverpool, yesterday,
there was a good demand, and the sales amounted
to about 7,000 bales, of which 1,000 were for ex-
portation. The prices were yd. per lb. lower than
on Friday last. The Railway Share Market kept
quiet, very few purchases being reported, and
those at nominal prices.

The apprehensions with regard to the Bank of
England further advancing its rate of discount
appear to have increased to-day, and the outward
flow of bullion has not been arrested, if we may
judge from statements as to what is going on in
some quarters. Russia has the credit of being
the principal disturber at the present moment,
but she must have secured in this case the co-
operation of firms enjoying the possession of
vast capital and credit, and able to influence others
before she could raise money upon her bonds, even
by depositng them in the most tempting conditions.
As far as Englishmen are concerned it would be
their proper desert, if every farthing they contri-
buted for such were confiscated, or if the act could
be made treasonable. Not being able to obtain a
loan, the plan is, we believe, to deposit bonds at
some 20 per cent. under their nominal market
value, and when prosperous times occur the
banker or capitalist gets an enormous profit by be-
ing paid off at par through an openly contracted
loan. Of course sales will be made of existing
securities, by those who wish to replace them with
the new privately created stock, for which there
are no recognised public channels of realisation.
The following is an extract from a letter, dated
Hokododai (Japan), July 11 :
_ _ _

" We arrived here on the Bth, and found at anchor
the Encounter, Styx, and Tartar. The former had re-
turned from the northward, having found Petropaulovski
deserted. They captured, or rather recaptured, a vessel
called the Latham, with a screw engine on board,
marked Glasgow, January, 1855."
Stocks have been convulsed again this morning,
and between the highest and lowest prices there is
a difference of no less than I per cent., while, as
compared with the closing prices after the official
hours of business yesterday, the "drop" is more than
1 per cent. At the commencement of business there
_ were bargains as high as 87, and since there has
been a fall to 861 /. The November rates are
about kto above those for transfer. The Bank
of England broker has been selling, and there is a
very general impression that the rate of discount
will, on Thursday, be raised to 6 per cent. Among
the stories afloat is, that an eminent firm presented
a few days since, at the Bank of England, one
cheque for 500,000 i., but, even if true, the amount
might have formed part of the Turkish Loan
instalment, or specie required in the East
by our own Government ; and if such be
the solution, could the withdrawal be prevented,
or ought in fairness any attempt at prevention to
be made ? Consols have been 86•4 and 87, and
since 861 to Exchequer Bills are 2s. to ss. dis-
count.

The security which maintains its ground best in
the foreign market is Turkish 6 per Cent. Stock,
the price having even advanced to 1 per cent.
since yesterday afternoon, viz., to 841 1. The
bearing has probably been carried too far, and the
fall is attracting investors. The Scrip is depressed
at 3 to 31 discount, owing to the reduction in Con-
sols. Mexican has been 21i 1, and Peruvian has
declined to 73. Dutch 4 per Cents. have improved
to 93i 47 and Brazilian 5 per Cents. to 99 and 991.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 6k to / ; Mexi-
can, 21- to 21; ; Peruvian, 73 to 75 ; ditto Three
per Cents., 54 to 56; Portuguese Four per Cents.,
43 to 45 ; Russian Five per Cents., 96 to
98 ; ditto Four-and-a-Half per Cents., 85 to 88 ;
Spanish New Deferred, 19i to ; ditto Three
per Cents., 38 to 38i ; ditto Certificates, 41 to
41.; ditto Passive, 4-i to 51,-.

Although there is not much doing in railway
shares, and they are less buoyant, the market pre-
sents relatively a decidedly firmer appearance than
that for Government stocks. Great Northern are
to worse ; North Western and Caledonian are
steady, and South Eastern fully supported. Ant-
werp and Rotterdam have declined -A-. French
shares are without alteration generally, but Lyons
are a shade dearer. Namur and Liege have de-
clined I.
Canada Company's shares have receded again 31.
to 51. Crystal Palace are steady. Banks nominally
the same.

BRITISH FUNDS THIS DAY AT ONE o'ol4'
( From the 05citil List. )
Ruiiness dont
8 por Cont. COnsols Annuities B7 61 i
India Bonds, £lOOO
Ditto, under £lOOO 3
clinsols :or Account, 12th October 864 7 61
Etchequor Bills, 24d. I 2d.
21000 .-4
£5OO 5 2 d I 5 2 d
Small .
PRICE OF FOREIGN FUNDS AT ON-111 IVOLOO K.
Brazilian Bonds 5 per Cent. ..
Mexican 3 per Cent.
Peruvian Bonds, 4i per Cent.
Ditto for the account 73
Ditto 3 per Cent.
Tnrkir,li ilonds, 6 per cent —
Ditto for the account 83i i 1 41 31 41
Ditto New Scrip, 4 per Cent.
Dividends on the above payable in Lennon.
D atoll Exchange, 2i per Cent. 12 Gnil —
Ditto 4 por Cent. Certifieatee .. .....„
HALF-OAST 7' IVO.
Consols
Ditto for the November Aci•ount