The Sun.
London, England, 1855-10-12 00:00:00

COMMERCIAL INTELLIGENCE.

,Arrl, Two O'CLOCK.

The Liverpool cotton market yesterday closed
very heavily, but not more so than on Wednes-
day.
Compared with Friday's rates, prices of
all kinds were id. per lb. down. The sales
Were estimated at 6,000 bales, and consisted of
150 Egyptian, at 51d. to 9d. ; 1,000 Surat, at 3id.
to
•; 40 Sea Islands, at 14d. to 20d. (700
Surat export). The total sales since Thursday have
been 32,000 bales-4,000 for export, and 1,000 on
Speculation. The Railway Share Market has been
inactive, and there was a perceptible decline.
In a few of the principal articles of Colonial pro-
duce rather a large business has been done, owing
to some disposition being shown on the part of
holders to press sales, and the prices of most staples
have been affected by the unsettled state of mone-
tary affairs. British Plantation Sugar has been
rather cheaper, and a decided decline would have
attended forced sales, while some kinds of Mauritius
Were 6d. to Is. per cwt. cheaper. Native Ceylon coffee
has receded 6d. per cwt., and Plantation has not
undergone much change. Cocoa has ruled steady,
4nd rice 3d. per cwt. lower. Spices have been
rather active, and pimento and pepper have not
maintained their value, but nutmegs have risen ld.
to 2d. Rum has been in request at fuller cur-
rencies, but of tea the public sales progressed with-
out any feature of importance, former prices being
obtained. Saltpetre has rather tended downwards,
and the purchases have been limited, but tallow
has been dearer. At the public sales of indigo
lower prices have been realised for ord. Oudes and
~ Madras, but desirable kinds of Kurpahs have
been firm.
From Liverpool Messrs. Houghton and Levy
Write of the fruit trade as follows :-
4c: Our market during the past month has been very
thing and prices have had an upward tendency, every-
ii_ug On offer being freely taken at an advance of os. to
'• per cwt. Within the last few days the demand
has rather slackened, and prices are not quite so firm ;
r, with the exception of the new fruit, there is
the
to operate in. The first cargo at this port of
,Th „
e now crop, consisting of about NO tons, arrived
let. The quality of the Cephalonia is scarcely
eqosl to last year's. The stock of other descriptions is
nom reduced to some small lots held by the dealers, so that
the Consumption must entirely fall on the new fruit, and
10_ quantity being limited holders are not disposed to
wer their pretensions.
r a large business has been done in all descriptions of
there
at advancing rates. Valencias opened at 435. ;
were, however sellers to arrive as low as 395. ; a
speculative move then sprung up in London, and prices
rapidly advanced until 445. was paid. It is difficult to
kn _ cy what to attribute this move to as the crop is reported
unusually large. The excitement has, however, somewhat
abated, fifteen cargoes having been reported yesterday as
arrived in London, and that market quiet and lower."

A
general decline has occurred this week in
united States Railway Bonds, the nearest prices,
43 given by Messrs. Bell and Co., being these :

GOVERNMENT SECURITIES•

Redeemable. Per Cent.
United States 6 per Cent.
truited States 6 per Cent. Bonds 1867-1868.
1868...106 108
STATE SECURITIES.
1870... 80 Si
California 7 per Cent. Bonds
Maryland 5 per Cent. (Sterling Bonds) ... 92 93
Massachusetts 5 per Cent. (Sterl. Bonds) _lol 103
Mississippi 6 per Cent. Pl. Bk
Bonds lB4l-1871... 45 47
Mississippi 6 per Cent. Union Bk Bonds ... 20 '22
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds '877... 824, 85
South Carolina 5 per Cent. Bonds
• (Palmer's) 1866... 83 90
Virginia 6 per Cent. Bonds 1886... 88 89
Virginia 5 per Cent. (Sterling Bonds) 1888... 83 85
CITY SESURITIES.
Bon CITY
5 per Cent. Bonds (Divers) ... 90
Montreal 6 per Cent. Bonds 1856-1865... 83
New Orleans 6 per Cent. Stock 1883... 80
Pittsburgh 6 per Cent. Stock 1869-1883... 76

92
85
82
78

AILROAD BONDS.
Illinois Central 7 perß Cent. lst Mortgage,
not Convertible 1875... 70 72
Illinois Central 7 per Cent. Freeland
Bonds 1360... 76 77
Michigan Central Bp. Cent., no Mort. _lB6o 90 91
New York Central 7p. Cent., Convert 1864... 91 96

- .
New York and Erie 7 per Cent. 3d Mort-
gage 1883... 84 86
N. York and Erie 7 per Cent. Sirking
Fund 1875... 79 80
Panama 7 per Cent., Ist Mortgage (Ster-
ling Bonds) 1859-1864... 93 96
Pennsylvania Central 6 p. Cent., Convert.lB6o... 89 91
There is greater ease in the discount market this
morning,and much of the pressure for accommo-
dation has subsided now the immediate cause is

removed, viz., apprehension of another impending
turn of
the Bank "screw." The requirement of
silver for India and China is moderated, and there
is less gold being shipped to the Continent.
The English Stock Market has been mainly in-
fluenced by the state of the account, this being
the day
when the delivery of Consols sold
..!_

since the last settlement has to be made. The

quotations are fully A per cent. higher than
they left off yesterday, and the enormous spe-
culative sales recently would probably have
occasioned a still more decided rally, but that the
bankers
have also parted with stock, having, tem-
porarily, made profitable employment for their
capital. The " contango" has been about 1, though
at one time yesterday afternoon, it was fully 5-16
Per cent. For present delivery the quotations
have been 87 to 871, and for November 8 from
871 AI up to 87i I. The discount upon Exchequer
Bills has been as much as 3s. to Bs., as there is an

inducement to effect an exchange of investments

now the funded debt rules low. -East India Bonds
have been ss. discount to par. Bank Stock is
quiet 'at 207 to 209. The New 3 per Cents. are
81 to 87k-, and the Reduced 86i to

Speculative •dealing in the Foreign Market is
almost exclusively confined to Turkish Securities,
Which have naturally benefitted by the improve-
nient in the Funds. To the New Scrip, however,
this more particularly applies, the quotations hav-
ing ranged from 4' to 38 discount, being at the
present moment about 31 discount, or nearly 1 per
cent, above the prices at the official close yester-
day. The Old Six per Cents., which are rather
quiet, have risen to 803. 4. Mexican Stock is 211,
being firmer. French Scrip remains at par. Bel-
gian 41 per Cents. are 94 to /. Dutch 21 per
Cents. 64, and the 4 per Cents. 931. Brazilian
Small Bonds are marked 991.
The following are the nominal prices of foreign
stocks:—Grenada Deferred Bonds, 18 to 20; Mexi-
can, 21 to:ag ; Peruvian, 71 to 73 ; ditto Three
Per Cents., 52 to 54; Portuguese Four per Cents.,
43 to 45 ; Russian Five per Cents., 95 to
98 ; ditto Four-and-a-Half per Cents., 85 to 88 ;
Spanish New Deferred, 374 to 38 ; ditto Three
per Cents., 19k to 198 ; ditto Certificates, 4i to
4-a; ditto Passive, 4 to 5.
A notice has been sent out by the Austrian Con-
sols Mining Company informing the shareholders
of what was done as far back as June last. That
is early information ! The circular states :
" The Committee of Management of the Australian
Consols Gold and Copper Mines Company beg to
acquaint their shareholders that they have received the
resignation of their manager in Australia, at the time
they were considering what course they were to pursue in
consequence of not receiving from that gentleman such
general information as they felt justified in expecting on
his arrival at Segenhee.
" The resignation was at once accepted, and steps taken
(temporarily) to place the interest of the company in
other hands.
" Whilst discussing the appointment of a successor,
the chairman of the committee of management, who has
a large pecuniary interest in, and who is well acquainted
with all the details of, the company from its formation,
Offered his services to go out and obtain by personal
inspection and inquiry that information which the com-
mittee and the shareholders have so long desired to
Possess ; this offer was gladly accepted, and that gen-
tleman left Liverpool, in June last, for Australia, in the
Ben Nevis.
"The committee have had many interviews with the
gentlemen appointed at the last general meeting of share-
holders as a committee of conference to consult and ad-
'Vise with them on the company's affairs, and they have
expressed unqualified satisfaction with the above arrange-
ment.
"The committee regret that they have had so long to
try the patience of the shareholders, and although they
cannot hold out the same results which their early ar-
lAPgernents would have produced had there been no dif-
ficulty in the title, they are nevertheless sanguine that
their interests must eventually assume as satisfactory a
solidity as those of any other land company in Australia."
Most of the English Railway Shares are at a de-
cided improvement, but this, however, has not
excited dealing, the market continuing extremely
quiet. In Midland, North-Western, South-
Western, and others, the advance is about ss.:pei
Share. Antwerp and Rottordanz are steady, but

French lines are again nominal. The Banking
and Mining shares are inactive, and the Miscel-
laneous likewise.

BRITISH FUNDS THIS DAY AT ONE O'CLO2
( From► tke Oftcial List.

Bank Stock
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
Lanz Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth April, 1885 16/ 5-16
India Bonds, £lOOO .........„
Ditto, under £lOOO 5 d par
consols for Account, Bth November 874
E [chequer Bills, 20 24.
2.1000 .
2500 5B 3 853
Small 583, 85 3
Exchequer Bonds 1858, 34 per Cont
Ditto 1859, ~ . 983
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds 5 per Cent.
Ditto Small 994
Mexican 3 per Cent.
Ditto for the Account 2IA
Tarkitel Bonds, 6 per cent RIM
Ditto New Scrip, 4 per Cent.
Dividends on th.. above payable In London.
French Rentes, 3 per Cent.
Belgian Bonds, 24 per Cent. ex. 25 fr —
Ditto 4.4 per Cent. Ex. 25 fr 94 4
Dutch Exchange, 24 per Cent. 12 Gnil 6l
Ditto 4 per Cent. Certifieates •• ••••,•_.•••
Ditto for the Account 93
HALF-"'A ST TWO.
Consols

11u,!noss done
201 7
561 ?s,
87} 7
87A 7

Ditto for the Account

. 87t

IRON MASTERS' QUARTERLY MEETING. 7.(t).

BIRMINGHAM, Thursday.—The third of the series of
the meetings of the ironmasters for the current quarter
was held in the Town Hall here this afternoon. The at-
tendance was large, and a moderate amount •f business
was done; but most of the principal buyers have already
bought, so that the orders given to-day were not large.
As was intimated in the report of the meeting at Wol-
verhampton yesterday, all idea of a further advance of
prices has been abandoned, and the trade is steady with-
out being brisk. The pressure on the money market has
mainly contributed to check the disposition to make fur-
ther advances, and the certainty that the rate of discount
will be again advanced is sufficient to check anything ap-
proaching to speculation. For some descriptions of the
commodity, as well as particular makes (rods in particu-
lar), the rise has been 30s. a ton ; but, with this excep-
tion, the rise on the various kinds of Staffordshire iron
has been 1/. per ton on the prices of last quarter-day.
Sheets are rather less in demand ; but to-day pigs were
more inquired after, and the stocks in hand show that
the conversion into manufactured iron goes on at a rapid
rate. Shropshire makes are quoted as high as 51. 10s.
to 51. 15s. a ton. The, tin plate trade is improving.
Within the last few weeks there has sprung up a consi-
derable demand for this description of manufacture, and
prices have advanced. Altogether the meeting to-day
passed off satisfactorily. When the fact became known
that the Bank directors had separated without advancing
to 6 per cent., as was expected, it put the trade in better
spirits ; and as the orders in hand are considerable, it is
probable that the present range of prices will be steadily
maintained. As regards the payment of accounts the
meetings so far have passed off without complaint.

161
Bt.
3
20

10
St.
.t.
50

MARKET NEWS.-(THIS DAY.) 1110

CORN EXCHANGE.

A very moderate supply of English wheat has been re-
ceived up to our markets this week, coastwise and by land
carriage. To-day the show of samples was small, never-
theless the demand for most kinds was xather inactive at
Monday's currency.
The imports of foreign wheat have been only 5,440 quar-
ters. We had a slow inquiry for most descriptions. Im-
porters, however, were firm, and the quotations were sup-
ported.
Floating cargoes of grain were tolerably active.
The suply of bade) was small, yet the demand for that
grain was heavy at barely stationary prices.
There was a good sale for malt at full quotations.
The oat trade was firm, but no advance took place in
prices.
Beans, peas, and flour as on Monday.
ARRIVALS IRIS WRNS.
Barley. Malt.
1,040 1,460

Wheat.
1,75 0

20
20
10
10

Oats. Flonr.
210 910
5,250
4150 sks
10 980
—brls