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

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

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), 00113-
prising, in addition to Americans, 100 Egyptian
at 6d. to 61d., and 150 Surat at 3/d. to 4/d. 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 25f., 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,
sf. Austrian Society, 6f. 25c., and Shares of St.
Rambort were much in demand at an advance of
12f. 50c.

On the Vienna Bourse a little more 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 112 florins. The limited amount of stock in
this undertaking issued to the publio 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 Russia 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.
" GEO. 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 been 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 holidays. 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 f, but
they ere now 88f The New 3 per Cents. have
been 89 to 89±, and the Reduced 88i to 88k. 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 83k,
and the New Scrip is a shade firmer, being 3 to 3i
discount. Spanish Deferred Bonds are 21i 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 aro the nominal prices of foreign
stocks: Grenada Deferred Bonds, 63/4 to 7 ;
Mexican, 191 to 191 ; 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 43/4 per Cents., 88 to 90 ; Spanish Three per
Cents., 40i to 41 ; ditto New Deferred, 21i to 22 ;
ditto Certificates, 44 to 5 ; ditto Passive, 7i to 7i.
The last week's railway receipts, ascertained up
to this date, are in round figures asunder

1855.
Great Western
North-Weetern
South-Western
Brighton
Midland
South-Eastern 35,058
Caledonian
Great Northern
Lancashire and Yorkshire 19,594
North-Eastern

1854.
£23,273
50,869
12,037
10,745
26,713
13,469
11,297
23,619
18,398
27,489

Manchester and Sheffield
Oxford, Worees., and Wolverham
Edinburgh and Glasgow

9,020
3,532
4,745

8,567
2,875
4,702

!Scottish Central —

2,494

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 other lines are
nominally without variation.

Mining, Banking, and Miscellaneous shares are
inactive.

BRITISH FUNDS THIS DAY.-CLOSING PRICES.

ivrons the Official Ltiv.

1471,TP done.

Bank Stock
2 ~er tient. Reduced Annuities BB3 / 9
8 per Cent. Console Annuities Shut
New 3 per Cent. Annuities
luila Bonds, £lOOO . •
Console tor Account BB3 1 9 81
Exchequer Bills, 21d.
£lOOO
,
£5OO 4 3 8
Small 4 3 7
Ditto Bonds, 1858, 31 per Cent 971 8
II 1859 ft ...... 17A 8
PRICES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent. lOO
Ditto Account
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 4 per Cent
Sardinian Bonds, 5 per Cent. ~....... ~... !_0
Ditto Account
Spanish Bonds, 3 per Cent
Ditto Yew Deferred, 3 per Cent.
Ditto Account
Spani•li Committee Cert. of Coup. not fun 5 41
Turkkh Bonds, 6 per cent
Ditto for the Account ...' . ....
Ditto New Scrip, 4 per Cent.
Ditto Account 3

Dividends on the above payable in brndon.
THREE O'CLOCK.

Consols
••• • •
Ditto for the account Jan. 10 BBj 9 z d

5
5
10