The Sun.
London, England, 1855-12-18 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooic
The Liverpool Cotton Market yesterday closed
tamely but firmly, and prices were the same as last
quoted. The sales were 7,000 bales, of which 5,500
were American ; 300 Pernam and Maranham, 6d.
to 60.; 400 Egyptian, 50. to Bd.; 700 Surat, 311
to 44d.; and 50 Sea Islands, 10d. to 15d. per lb.
There was a steady feeling in the Railway Share
Market, and prices were higher than on Saturday.
The treaty of commerce with Mexico, which was
recently entered into by the Prussian Government
in its own name and that of the Zollverein States, st.
having been submitted to them separately, has just t•
'been ratified, and measures taken to expedite the 50
.same to Mexico for the ratification of that republic. 50
According to a list of items imported into these 20
fitates from the West Coast of America the largest 10
number came from there, and the treaty referred 10
to wilt still further increase the importations of 50
Mexican produce. The general receipts of the 25
Zollverein, published by the Prussian Customs' de- rt.
partment, for the three quarters of 1855, are as 20
follows :—Amount of import duties, 18,479,630 Stit
•thalers ; export duties, 169,135 ditto ; and the 25
duties levied upon goods for transit, 169,135 do. 25
Business on the Paris Bourse, yesterday, is re- st:
:ported as having been dull, especially in the Share i 0
:Market, where stocks were offered at reduced prices lot*
• without buyers. The French 3 per Cents, declined 50
per cent. for the account, and money bargains 20
sere concluded at 5 centimes less than the previous I.ot.
ay.
The proposed French Budget for 1857 has been
a gain reported upon after receiving certain modifi-
cations at the hands of the War Minister and the
4inister of the Interior. The latter Minister has
i ncreased his demand for a credit to 140,837,000
rancs, being an increase of four millions over
: the credit of 1856. Amongst other matters to
-eceive aid from this increase, it is intended to
a ssist emigration from the central departments of
t he empire to the French col.onies, also to extend
t he system of electric telegraph lines. From the
I statement of the Minister of Public Works there
are now 11,000 kilometres in activity, and 200
offices open for public communication. The exten-
sion of the lines most urgent are projected to Varna
and Bucharest.
The distress already noticed amongst the poorer 25
st.
classes in Prussia is on the increase, and the Go- 25
vernment have resolved to obtain the sanction of 4,2 r
the Chamber to apply three million thalers (about 1.?
900,000 sterling) of the loan of thirty millions for st.
their relief. 50
25
The advices received from Jamaica mention that 00
a motion had been brought forward in the
House of Assembly upon the Tonnage Dues ques-
• tion, and various opiuions had been expressed upon
the subject by the merchants and others. It was
considered among all classes that a material re-
duction of the impost, or its abolition, would be
beneficial to the interests of the colony. Not-
withstanding, however, so much was said about a
reduction of taxes, kc., the revenue of the island
was still insufficient, and an endeavour was being
made to curtail the expenditure. The sugar
market was quiet but firm, and the quotations
were expected to advance.
The last instalment upon the English Loan,
amounting to 1,600,0001., has been paid to-day,
and notwithstanding the recent liquidation of the
10 per cent. on the New Turkish, the Money
Market is not expected to be influenced to any im-
portant extent in consequence. There will no
doubt be an increased demand for accommodation,
however, and yesterday afternoon full rates were
charged ; still a large portion of the above
-instalment has been provided for some time past.
The creation of such an additional supply of Con-
sols as will at once take place is not likely to affect
the quotations, as it is already absorbed, and pro-
bably held by that class of persons who subscribed
or bought for a permanent investment.
The English Funds present a dull appearance in
the absence of speculation, o: any foreign intelli-
gence of a nature to affect them. Until the close
of the year the market will probably continue ex-
ceedingly quiet, unless any unexpected political
event occurs in connection with Count Esterhazy's
progress. Consols have been 88; to 89, and are
now about 89 buyers. Exchequer Bills are 7s. to
4s. discount, and India Bonds 7s. discount. The
New Three per Cents. are 89k to 89k, and the
Reduced 88; to 89. Bank Stock is flat, at 209.
Foreign Securities are rather more active, and
the market continues steady. Mexican Bonds are
20, and Peruvian 75. Portuguese 4 per Cents.
have advanced to 48, in consequence of a cor-
respondence reported to have taken place 18
between the Minister of Finance and Mr.
Thornton, the Chairman of the Committee of N
Bondolders, on the subject of a more ao
equitable recognition of the Bondholders' claims, 20
Spanish Deferred are firm at 21, and the Passive 1002°
at 7i to 7i. Turkish 6 per Cents. have been 83i 25
to 84k, and the New Scrip 3i to 2i discount, which 25
is in both cases a slight decline. Buenos Ayres 1100
are quoted 57 ex dividend. tho
The following are the nominal prices of foreign
stocks: Grenada Deferred Bonds, 64 to 7 ; 5
Mexican, 1911 to 19i ; Peruvian, 74 to 76 ; ditto 5
Three per Cents., 52 to 54; Portuguese Four per 5
Cents., 47 to 49 ; Russian 5 per Cents., 95 to 97 ; 20
ditto 44 per Cents., 88 to 90 ; Spanish Three per 4
Cents., 394 to 401 ; ditto Deferred, 20i to 21i ; ?A
ditto Certificates, ‘q to 5 ; ditto Passive, 7k to 7g. 204
In the Railway Share Market the principal Lou'
feature has been a rise of about 2 per cent. in Great Loo
Western Shares, owing to the closing of a large too
" bear" account. Most of the other shares main-
tain the improvement of yesterday. In Brighton, 20
South-Eastern, Eastern Counties, and Caledonian 100.
a further enhancement has taken place. Scarcely a 22,0°
bargain has been recorded in the foreign market, to
and the colonial lines ruled dull, at previous quo- 2°
tO
tations. 20
Mining Shares are inactive, but a moderate 3U
business has been done in Joint-Stock Banks, at lion
full rates. Union of Australia and Bank of London
are 10s. higher.
16

St.
St:
St.
St.
qt.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
t From tli.e Oficial List. i
nn,inest done.
Bank Stock
3 per cent. Reduced Annuities,
3 per Cent. Consols Annuities Shut
New 3 per Cent. Annuities
Long Annuities, expire sth Jan. 1860 —
Ditto 30 Years, expire 10th Oct., 1859 3}
Ditto 30 Years, expire sth April, 1885... 16 5-16 i
Consols for Account .. 89 8i
Exchequer Bills, lid.
1000 .... ..
Small
Ditto Bonds, ISSB, 3. per Cent.. 97-
„ 1559 It
PRICES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds. 5 per Cent. —
Ditto 5 per Cont. (Rothschild's)
Buenos Ayres Bonds, 6 per Cent —
Ditto Account
Mexican 3 per Cent.
Ditto Account
Peruvian Bonds, 41 per Cent.
Ditto Account
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 4 per Cent .......................
Ditto Account ..................... .....
Russian Bonds, 5 per Cent., 1822, S, St —
Ditto 41 per Cent
Sardinian Bonds, 5 per CeLt. ..... ..••
Sp Inish Deeds, 3 per Cent ...
Ditto New Deferred, 3 per Cent.
Ditto Account 2N- 11.
Ditto Passive
Spini-h Committee Cert. of Coup. DA fun. 4i p 0
TulitiOi Bonds, i per coot —
Ditto for the Account B4 31 4A 3i 4
Ditto New Scrip, 4 per Cent.
Ditto Account
Venezuela Bonds, 4i per Cent
Ditto Deferred, ll per Cent. . ....
Dividends on the ahoy. payable In tnndon.
THREE O'CLOCK.

. -
. 48

Consols • .....
Ditto for the account Jan. 10 ......... 881 x

20
6
20
18

100
100
100
20

EASTERN COUNTIES RAILWAY.—The Board of Trade 20
whose attention to the state of this railway hail been 25
called by the Town Council of the city of Norwic:i, have
appointed Lieut.-Col. Wynne, R.E., to inspect the line be- 100
tween London and Norwich. The danger, apprehension 10
of which is so strongly entertained, will thus be Guarded 5
and the Board of Tr? 1-, by att,titlipp• the in,
I.Jtir,;elitations of thn ,;;a.bf ve
shown most laudable alaciity in tbe thscharge of a public i a 5
duty. Col. Wynne is an officer whose report will satisfy
the public mind, and remove all doubt. 50