The Sun.
London, England, 1855-01-17 00:00:00

NIONEY MARKEI

AND
C 031 MERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday were
were estimated at from 6,000 bales, including
1,000 American taken for export. The market
closed very firmly, but with less animation. The
sales comprised 5,0G0 American, 150 Pernam and
Maranham at skd. to 7d., 70 Bahia at sd. to
6d., 200 Egyptian at 51d. to Bd., and 500 Surat
at 3d. to 44d. per lb. Railway Shares were firm.
The advices from New York, just telegraphed
from Liverpool, give the rate of exchange on Lon-
don about the same, but it would appear that busi-
ness was improving.

Accounts from Vienna state that the monetary
Congress there had broken up without coming to
any decision, and it is supposed that the difficulty
in the way of bringing about a uniform metallic
currency for all Germany is considered insuperable.
_ _

The Bavarian Government has demanded from
the Chambers a credit to cover the expenses and
eventualities which have arisen and may arise out
of the present war, and mobilising the army.
The report of the directors of the London and
Westminster Baal:, to the proprietors, this day, at
their half-yearly meeting, John Lewis Ricardo,
Esq., in the chair, was as follows :
" The directors have the pleasure to report that—
after making provision for all bad and doubtful debts—
paying the Income Tax—setting apart 2,0001. towards
the new buildings in Lothbury and Bloomsbury—and
presenting a gratuity of ten per cent, on their salaries
to all the officers of the establishment—the net profits
of the Bank for the last half-year amount to 75,318/.
10s,, which, added to 13,9001. 19s. rid., unappropriated
from the profits of the preceding half-year, make a total
of 89,219/. 9s. sd.
" Out of this sum the directors have allowed interest
on the rest or surplus fund, at the rate of 5 per cent., and
they now declare a dividend to the shareholders at the
rate of 6 per cent. per annum, and also a bonus of 5 per
cent, upon the paid-up capital.
"After these payments are made, there is a balance
of 2,9541. 2s. 5d., which has been transferred to the rest
or surplus fund.
"The directors who go out by rotation are John Gar-
ratt Cattley, Esq., James Dennis De Vitre, Esq., and
George Hanson, Esq.—all of whom, being eligible, offer
themselves for re-election."

To proprietors for paid-up capital £1,000,000 0 0
To amount due by the bank on deposits,
circular notes, &c.... 7,177,244 19 10
To rest or surplus fund 125,307 1 6
To balance of profit and loss account 13,900 19 5
To net profits of the past half-year 75,318 10 0

£8,391,771 10 9

By Government Stock, Exchequer Bills,
and India Bonds £1,451,074 13 1
By other securities, including bills dis-
counted, loans to customers, &c...
By cash in hand

6,246,387 4 4
694,309 13 4

£8,391,771 10 9

PROFIT AND LOSS.
Dr.
To total expenditure of the six establish-
ments, including rent, taxes, salaries,
stationery, &c., with a gratuity of ten
per cent. on their salaries to the officers
of the establishment
To amount set apart towards the now bui'd-
ings in Lothbury and Bloomsbury
To payment of the dividend now declared,
at the rate of six per cent, per annum, for
the last half-year on the paid up capital
of 1,000,0001.
To bonus of five per cent. on the capital
To rest or surplus fund :
Amount on Jan.lst, 1854 £125,307 1 6
Interest on do. at 5 per

2;000 0 0

_
Cent
Balance of profit and loss

6,265 7 0

account -

2,954 2 5

134,52 G 10 11

£241,552 15 1

By rest or surplus fund ' v £125,207 1 6
By balance of profit and loss account on the

13,900 19 5

30th June, 1854
By gross profits of the last half-year, after
paying the income tax, and making pro-
vision for all bad. and doubtful debts 102,344 14 2

£241,552 15 1

The report was adopted, and a vote of thanks
was passed to the directors, and to Mr. Gilbart and
the officers of the establishment.

Yesterday firm rates were current for bills of
cxohaugo, and after the recent heavy remittances
to Paris, it is probable the quotation for paper
upon that city will improve. Drafts at 90 days
were negotiated at 25 27-i to 30 ; Hamburg waq
done at 13 51. to 51 ; Amsterdam at 11 17f to 1 ;
and Trieste at 12 28 to 36.

The English Funds• are remarkably firm, and there
is a rise of per cent., although the business doing
is extremely limited. Consols have been 92 to 921
for transfer, and 921 -a for account. The high
prices of the French loan are the principal cause.
The New 3 per Cents. have been 92i to 92, and
the Reduced 92 to 1. Exchequer Bills are 4s. to
75., and India Bonds 11s. premium.
There is scarcely any business to record in
Foreign Stocks, and the quotations, therefore, are
for the most part nominal. Russian 4-i per Cents.
are firm at 90g to 91. Brazilian Small Bonds are
marked 99, and Turkish Bonds are at fuller rates,
viz., 77 to 771. The last instalment, 15 per cent.
upon the second series of the loan, was paid yes-
terday. _ .

The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 5 to 6 ; Mexi-
can, 21i to 21g ; Peruvian, 70 to 72 ; Ditto 3 per
Cents., 50 to 52 ; Portuguese 4 per Cents., 41 to
43 ; Russian 5 per Cents., 100 to 102 ; Ditto 41 per
Cents,, 89 to 91 ; Spanish New Deferred, 18i to
184; Ditto 3 per Cents., 37i to 38 ; Ditto Certifi-
cates, 5 to 5} ; Ditto Passive, 4i to 4i.
The dealings in English Railway Shares are of a
limited character, but there is more firmness in the
prices. The improvement is most apparent in
Great Northern, North-Western, Midland and
South-Eastern. In the Foreign lines there is no
material alteration.

Mining Shares are neglected, the Banks are firm,
and the miscellaneous undertakings inactive.
Crystal Palace are flatter.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
from the Oficial List.

Business done
dank Stock 2ll 8
3 per Cent. Reduced Annuities 92k / 2
3 per Cont. Consols Annuities 921 2 / i
New 3 per Cent. Annuities
Long Annuities Expire sth Jan., 1860
ndia Bonds, 21000
Consols for Account, Bthysbruary
Exchequer Bills, 24d.
£l000

Small 4 7
2500 4 7
Exchequer Bondi 1858, 34 per Cent. 993
Ditto 1859, „

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent —
Ditto Small

.. 99

Equador Bonds
%texican 3 per Cent.
Russian Bonds, 4i per Cent
rarkish Bonds 77 d
I.,o,dends on the above payable in London.
D itch Exchange, 24 per Cent. 12 Gull
®Ditto 4 uer Cent. Certificates ...... 92i
THREE O'CLOCK.
"onsols 928
Ditto, February Account ....... 921

THE ROYAL WEST INDIA. MAIL STEAMER Avox
arrived at Southampton yesterday, from Portsmouth,
where she has landed invalids from the Crimea. Capt.
Ellison, the commander, has brought home the highest
testimonials from the Admiralty authorities in the Black
Sea and Mediterranean as to the services which the
Avon has rendered to the Government, by the speed
and punctuality with which she has done whatever she
was engaged to perform.
THE VACANCY ON THE SCOTTISH BENOIL—We have
heard it asserted that the Peel policy of taking the best
man, whether Whig or Tory—certainly not followed in
the later appointments—is actually about to be tried for
once, but whether from necessity or choice we cannot
say. At the same time, the rumour in the Parliament
House strongly points to the elevation of Mr. Thomas
Mackenzie, so lately appointed Solicitor•General.:—
Edinburgh: Post.
NINETY RUSSIANS CAUGHT IN A TRAP.— The Russians
made a sortie against the French advanced works on the
night of the 28th, with the intention of spiking the
guns in the battery. They advanced stealthily, and
managed to get into a portion of the covered way,
but not without being observed by the French troops
who were guarding the works, and who acted very
coolly and deliberately on the occasion. The Russian
force consisted of about eighty men and nine or ten
officers. They had not been long within the entrench-
ments when it become bewildered as to the proper
line of direction which was to conduct them to the
battery in question. In the meantime, while they were
seeking to extricate themselves from the difficulty in
which they had entangled themselves, the French
covering force had divid ed itself into two parties, each
of which was quietly extending itself in such a man-
ner as to surround then'. This the latter succeeded in
doing completely, so that the Russians at last, caught
in a net as it were, had no alternative but to deliver
themselves as prisoners without offering the least- re-
sistance. Not a shot watt fired on the occasion,