The Sun.
London, England, 1855-12-20 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CtocK.

The Liverpool Cotton Market yesterday closed
tamely, and steadily, at the rates current last week.
The sales were 7,000 bales (1,000 for export), com-
prising, in addition to Americans, 100 Egyptian
at 6d. to 60., and 150 Surat at 3/d. to 4d. per
lb. The Railway Share Market did not present
any variable feature, and prices were firm.
By telegraphic accounts from Madrid it is an-
nounced that the Spanish Government has agreed
to propositions of Credit Mobilier at Paris, to form
a branch establishment at Madrid. The operations
of this society are extending far and. wide over the
continent, and if their affairs be judiciously
managed this financial association bids fair to suc-
ceed beyond the most sanguine expectations. All
that may be feared is, that the number of specula-
tions entered into by them may exceed their ability
to conduct the affairs of the society with prudence.
The announcement, on the Bourse, that the Spanish
treaty had been concluded satisfactorily, caused the
Shares of the Company to rise 251., and there were
some important purchases of Stock at this im-
provement.
In the present doubtful state of political affairs
that of finance on the Paris Bourse presents great
uncertainty. Sellers display a careful and prudent
reserve, and there is not much activity on the part
of buyers. The French Funds, however, continue
buoyant ; and, since settling day in the share
market, an improved feeling has prevailed. Rail-
way Stocks have recovered their fall, and present
a tendency to rise. West of France have advanced
Bf. 75c. North of France, 7f. 50c. New Eastern
Scrip, 7f. 50c. Lyons, 3f. 75c. Mediterranean, 10f.
Orleans, sf. Midland, 12f. 50c. Grand Central,
Of. Austrian Society, 6f. 25c., and Shares of St.
Rambert were much in demand at an advance of
ME 50c.

On the Vienna Bourse a little mote activity than
usual exists. Shares are freely offered, and pur-
chasers are more numerous. Money is getting
easier, and exchanges are declining. Shares of the
New General Bank of Credit have fallen from 114
to 1124 florins. The limited amount of stock in
this undertaking issued to the public by the
founders is the cause of much dissatisfaction, espe-
cially when the enormous amount of subscriptions
tendered during the course of last week were
announced. It is the general feeling that the
amount of 15 millions out of the 60 millions should
be increased.

The following satisfactory resolution was adopted
yesterday morning by the Committee of the Stock
Exchange, putting a permanent prohibition against
any transactions in the Russian loan for 8,000,0001.
lately introduced in Germany with the virtual con-
nivance of the Prussian Government :

"It having come to the knowledge of the committee
that neutral Powers have permitted subscriptions to
loans to Rus-ia within their dominions,

"The Committee unanimously resolve,—That they
will not, either now or at the restoration of peace, re-
cognise transactions in, or allow the quotation of, any
loan raised by a power while at war with Great Britain.
" Gro. WEBB, Secy."

It is needless to say that the resolution has
given general satisfaction. The advices received
from Berlin contain very little information in re-
gard to the subscription or the dealings in anticipa-
tions of the issue, and the progress of the opera-
tion appears to be kept as secret as possible
Having submitted to such low terms for the ob-
tainment of money, it is probable, in the event of
any difficulty arising, that Russia will consent to
others still more humiliating.

The suspension of Mr. James Cheatham, of
Manchester, has been announced with liabilities to
the amount of about 100,0001. ; but, in reference
to the assets, nothing definite has yet bees ascer-
tained.

Yesterday afternoon the demand for discount
accommodation was rather more active than pre-
viously, and the rates tended upwards.
There is again an absence of animation in the
speculative dealings at the Stock Exchange to-day,
and no very important change is expected until
after the Christmas holilays. The market is even
quieter than during the last few days, and the
operations stated to have been on account of the
Chancellor of the Exchequer are, for the present,
discontinued. Consols have been at 88i but
they are now 88i The New 3 per Cents, have
been 89 to 89k, and the Reduced 88i to 88i. Ex-
chequer Bills are Bs. to 3s. discount, and India
Bonds Bs. discount. Bank Stock has declined to
2061. _ _

In Foreign Securities the dealings are of a limited
character, and some of the quotations ruled rather
lower. Turkish 6 per Cents. are steady, at 831,
and the New Scrip is a shade firmer, being 3 to 31
discount. Spanish Deferred Bonds are 21f to 22,
and Portuguese 4 per Cents. are supported at 50.
Brazilian 5 per Cents. are marked 100. Nothing
has been done in Dutch, Spanish, Russian, Sardi-
nian, and Mexican securities.

The following are the nominal prices of foreign
stocks: Grenada Deferred Bonds, 61 to 7 ;
Mexican, 191 to 19 ; Peruvian, 74 to 76 ; ditto
Three per Cents., 52 to 54; Portuguese Four per
Cents., 48 to 50 ; Russian 5 per Cents., 95 to 97 ;
ditto 41 per Cents., 88 to 90 ; Spanish Three per
Cents., 40i to 41 ; ditto New Deferred, 21i to 22 ;
ditto Certificates, 41 to 5 ; ditto Passive, 7i to 7i.
The last week's railway receipts, ascertained up
to this date, are in round figures as under :

1855.
£26.954
55,759
14,240
10,636
28,010
35,058

18M.
£23,273
50,869
12,037
10,745
26,713
13,469

Great Western
North-Western
South-Western
Brighton
Midland
South-Eastern

Caledonian
Great Northern__

10,716
25,017

11,297
23,619

Lancashire and Yorkshire
North-Eastern
Manchester and Sheffield
Oxford, Worses., and Wolverham
Edinburgh and Glasgow
Scottish Central

19,594
28,095
9,020
3,532
4,745
2,494

18,398
27,489
8,567
2,875
4,702
2,230

Railway Shares are generally steady, and in
North-Western, Midland, North Stafford and
South-Eastern a slight advance has occurred.
Great Western are nearly 1/. higher. Great
Western of Canada are rather higher, and Paris
and Lyons have risen 10s. The ether lines are
nominally without variation.

-
Mining, Banking, and Miscellaneous shares are
inactive.

8.11.,TD311 FUNDS THIS DAT AT ONE. CLOCK.

( Prolot the Oficial Lief.)

. _ .
Buminet done.
Bank Stock
3 per Cr•fll. Reduced Annuities,,,~.
B per Cent. Consols Annuities Shut
New 3 per Cent. Annuities
Ulla Bonds, £lOOO ..... . . 8 d
Consols ,or Account BBl i
Exchequer Bills, 2ici.
-2100 n
1500
gimall
Ditt• Bonds, IPSB, 3i per Cent 974 8
MS ~ •••••• . 97} 8
f ,
PRIOR OF FOREIGN FUNDS AT OIC!.; ON)! () R.
Brazilian Bonds, 5 per Cent.
Ditto Account ...... • •••
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 4 per Cent
Spanish Bowls. 3 per Cent —
Ditto New Deferred, 3 per Cent.
Ditto Account 22 li
Spani•h Committee Cert. of Coup. 13.-A, fun 5 41
Tarkith Bonds, 6 per cent
Ditto for the Account •• ••• 83
Ditto New seri-pi 4 per Cent. ............ 34 d
Ditto Account 3
Dividends on the above payable in Lrndos.
TWO O'CLOCK.
Consols BBl 89