The Sun.
London, England, 1855-07-06 00:00:00

31

ONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The Cotton Market at Liverpool yesterday
closed heavily, with much evenness in prices. The
sales were estimated at 5,000 bales (500 of which
were for export, and 500 on speculation), com-
prising 300 Pernam and Maranham at bid. to
70., 50 Bahia at 6:d, and 800 Surat at 4±d. to
5, d. per lb. The Railway Share Market was ex-
cessively dull, closing at a reduction upon the
opening prices.
The public sales of Colonial wool began last even.
ing, no less than 72,000 bales being advertised, in-
cluding the foreign. The biddings have been
brisk, and the attendance numerous, including
many foreigners.
For colonial produce this week there has been a
fair demand, and'full rates have been current for
most staples. Sugar has been taken freely and re-
fining sorts are 6d. per cwt. dearer. Coffee at pre-
vious rates has been inquired for. Rather more
has been done in lice, and the market has ruled
firm. Rum has been quiet. Spices have obtained
a slight advance generally. Saltpetre has been in
improved request at full values. Cochineal is
steady. Cotton has been dull, and tallow firmer.
Messrs. D. Bell, Son, and Co. report that in the
market for American Securities there is no parti-
cular change to notice. The supply of State stocks
continues limited, and not equal to the demand—
a circumstance much in favour of the various rail-
way securities, in which there is a good business
doing, with every appearance of a continuance
Redeemable. Per Cent.
United States 6 per Cent. Bonds 1868...105 107
United States 6 per Cent. Inscribed
Stock 1867-1868...105 106
New York State 5 per Cent. Inscribed
Stock lB5B-1860... 90 92
Pennsylvania 5 per Cent. Inscribed Stock ... 77 78
Pennsylvania 5 per Cent. Bonds 1877... 85 86
Massachusetts 5 per Cent. (Sterl. Bonds) 1868...103 105
Maryland 5 per Cent. (Sterling Bonds) ... 91 92
Virginia 5 per Cent. (Sterling Bonds) 1888... 85
Virginia 6 per Cent. Bonds 1886... 89 90
Canada 6 per Cent. (Sterling Bonds) 1876_111 112

LOANS OF CITIES.
Montreal 6p. Cent. Ster. 80nd5...1857-1865... 83 85

RAILROAD BONDS.
Illinois Central 7 per Cent. Bonds 1875... 74i 75i
Illinois Central 7 per Cent. Freeland
Bonds 1860... 75 77
Ardehigan Central 8 per Cent. Bonds
Panama 7 per Cent., Ist Mortgage (Ster-
ling Bonds) 1859... 92 93
Panama 7 per Cent. Bonds 1864... 93
Pennsylvania Central 6 p. Cent. Mortgage
Bonds 1880... 91 92
New York and E;ie 7 per Cent. Ist Mort-

gag© IBC6-1860...101 102
Now York and Erie 7 p. Cent., 2d Mort-
. _

gage, Convertible 1859... 00 02
New York and Erie 7 per Cent. 3d Mort-
gage, Convertible 1883... 87 88
N. York and Erie 7p. Cent. Convertible 1862... 80 81
N. York and Erie 7 per Cent. Sinking
Fund 1875... 831 84i
The bill for limiting the liability of shareholders
in joint stock companies has been amended by the
insertion of a clause which provides that compa-
nies already existing and not working under the
7th and Bth Vict., cap. 110, may enjoy the privi-
leges of the new law upon paying up 75 per cent.
of their capital, and satisfying the Board of Trade
that the registrar may certify. This seems
;10 concession to such companies, considering
that undertakings formed only after the act need
Pay up but 20 per cent. The Government has paid
310 attention either to the reduction of the capital,
but when the bill comes on in the Commons next
Monday two amendments will be proposed—one by
Mr. Wilkinson, to lower the capital of companies
entitled to limited liability to 10,0001. in 101.
shares ; and the other by Lord Goderich,
to have no limitation of the nominal
capital or shares. We have before expressed our
opinion that 10,0001. or 20,0001. fully paid up in
11. shares, or even half paid up, is as much entitled
to protection as 20,0001. raised in 51. shares, and
nothing has been urged to alter that view. The
great aim should be to establish a thorough super-
vision of public companies ; and it would be a good
opportunity to enact that all undertakings claiming
limited liability, should submit their books and
accounts periodically to a Government or official
auditor.

The James Booth, from Australia, brings
16,000/. in gold. Nearly all the gold brought in
from America and Victoria during the last few days
has been taken for shipment to the Continent.
The Tagus, from the Mediterranean, has about
7,000/. on board.

The English Stock Market went flatter yester-
day afternoon before the close, and opened with
ratherather a heavy appearance this morning, Consols
r a heavy appearance this morning, Consols
uesng 91i to 91k. They are now, however, buyers
at the highest of these rates. There is a re-
Port that the taking of the French loan will
be deferred for a short time, to allow of
successes in the Crimea, and, as mentioned yes-
terday
under this head, it is supposed from
the notice in the Moniteur that the parties will not
be allowed to pay up in anticipation, about thirty
millions of stock being created monthly. The
.rresse has a very exaggerated statement—viz., that
a London banking-house opened a subscription for
the French loan, and had applications the first day
to the amount of 500,000,000 francs. The Two-
penny Exchequer Bills are at 225. prem. The New
Annuity is at 16 15-16. Bank Stock has risen per
Cent. again, being 2111 to 213. East India Stock
has been quoted 230.
In the Foreign Securities there have not been
many transactions. Turkish Bonds have been a
shade higher, being 81i to 82. Russian 41 per
Cents. are barely so high, 88i to 89f ex div.
Sardinian Bonds have been supported at 86.
Belgian 41 per Cents. have been quoted 931, and
Dutch 2i per Cents. 63.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 61 to 7; Mexi-
(4ll, 21- to 214 ; Peruvian, 69 to 71; ditto Three
?sr Cents., 49 to 51 ; Portuguese Four per Cents.,
42 to 44 ; Russian Five per Cents., 98 to 100 ;
ditto Four-and-a-Half per Cents., 88 to 90 ;
Spanish New Deferred, 18 to 18; ; ditto 3 per
Cents., 36 to 371 3 • ditto Certificates, 4 to 41 ;
ditto Passive, 4 to 41.
Railway Shares have been rather flat again, but
the sales have been very limited. London and
North-Western have declined, and Midland, Great
Western
, and Lancashire and Yorkshire have been
theavy. The Great Western of Canada Shares have
been dull. Sambre and Meuse are a shade firmer.
The only bargain reported in the Foreign Mining
Market is in Colonial Gold Shares at :1 to ft The
Joint-Stock Bank Shares are at nominal values.
Canada Government 6 per Cents. are supported.
Oriental Gas are firm.

ItITISH FUNDS THIS DAY.-CLOSING PRICES.

(carom the Onicial List.)

Business done
Ilia* Stock ....
3 Per Cent. Reduced Annuities 92 1 & 28 i
tPer Cont. Consols Annuities 9lB a i i cx div
err 3 per Cent. Annuities .... 924 i
New 21 per Cent. Annuities
l'Ong annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth Jan., 1860 3 11-16
Ditto 30 Years, Expire sth April, 1883 16 15-16 i
India Stock
Consols for Account, 10th July 9lB f a i
-Exchequer Bills, 24(i 2d.
£lOOO ... .... ..„ 26 22 22 19
£5OO

Small . — i
gachequer Bonds 1858, 3i per Cent.... 101 1001
Ditto 1859, ~
, PRICE OF FOREIGN FUNDS T
881 9.1 HIS OA Y.
Kussian Bonds, 4i per Cent
Sardinian Bonds, 5 per Cent.
BPanish Bonds, 3 per Cent 361 x d
Ditto New Deferred, 3 per Cent.
Turlcish Bonds, 6 per cent —
Ditto for the Account
,_ Dividend.. on tbo above payable in London.
le'glan Bonds, 2? per Cent. ex. 25 fr —
,„ Ditto 4i per Cent. Ex. 25 fr 93,i
-`l4tch Xxchange, '46 per Cent. 12 Gail
Ditto 4 per Cent. Cartifieates ..„.w 951 5
THREE O'CLOCK.

Consols
Ditto for the Account

A- letter from Berlin of the Ist inst. says :—" The
Propositions which Austria is to make to the Diet have
arrived here, and have been communicated to the Presi-
:lent of the Council by Count, d'Esterhazy. We hear
I°ol good authority that these propositions consist in
iuernanding from the German States to maintain the
11."1" points in the Eastern question, and, as was previ-
-04,0813' rumoured, to take a part of the expenses which
tr'ieao,?eupation of the Principalities has entailed on Ans-
i/Luna/NG WORKS, &c., BILL.—A few days ago we
gave an abstract of the report of Mr. Tremenheere, the
teenbleaching works, &c., commissioner. A bill has since
"tien introduced by Mr. Isaac Butt, Lord J. Manners,
the Lord Goderich, and Mr. Crook, to regulate the em-
P
bloYm, ent of women and young persons under 18 in
le •
aeuing finishing, and dyeing works. It enacts that
after the let of Feb.' next no child shall be employed in
Persoany bleaching work, and that no woman or y. b ou.neg
Person shall be employed in any bleaching work -
n G a.m. or after 6 p.m., with an interval between-
those hours of half an hour for breakfast and one
hour for dinner. On Saturdays work is to cease at
Lwe o'clock p.m. Penalties of 101. are annexed to the
cbear ontravention of this act, and justices are authorised to
Wcomplaints. The inspectors of factories are to be
stpectors for the purposes of this act ; they are armed
teh various powers, and they will institute proceedings
wti necessary. Parents of young persons employed
Inuat give certificates of age. If in any bleaching works,
otill n any day except Saturday, two hours shall be allowed
ameals, then it will be lawful to work the employes
specialf-„Pa'st 6 P.m. After-work is lawful in cases of
bat, e- -"esaitY, as in the case of out-door bleaching,
to 10 clouts inmuch cases, the hours of work are limited
431ra day, and 60 hours par week.
_ _ _