The Sun.
London, England, 1854-11-29 00:00:00

MONEY MA RKET

AND

-:'.71.11.1f El?. C. TIT: IN TELL ft7.EN C'E,

CITY, TAN 0 o'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 5,000 bales, including 500 American
and. 500 Surat taken for export. The market
closed very heavily, with prices of American and
Surat 1-16 d. to id. per lb. lower than on Friday
last, and all other sorts in favour of buyers. The
sales comprised 3,800 American, 150 Egyptian,
at 61d. to 10d. ; and 1,000 Surat, at 3d. to 41d.
per lb. Railway Shares were very depressed.
The following statement, relative to the condi-
tion of the London markets, during the last three
weeks, is furnished by Metsrs. 11. W. Jewesbury
and Co.
"As is usual at this season of the year, the foreign
and colonial produce markets are without animation,
and prices, with few exceptions, have ruled rather in
favour of the buyers ; there is an entire absence of any
speculative feeling, and operations are confined to actual
requirements. The_ amount of transactions, either by
public sale or private contract, have been inconsiderable.
The arrivals have been large, and the markets generally
have been well supplied by importers, but as they are
firm in their demands, the goods are mostly withdrawn,
unless full market rates are given. The deliveries
from the warehouses continue good for home use, and
for export they also show further improvement. Dyes and
dyeing materials have been orly on moderate demand,
but the present low rates of a few articles are evidently
attracting attention, and at the late public sales both
cochineal and safflower have been sold freely. Indigo
remains firm, but lac dye is quite neglected. The late
advices from the continental produce markets report that
there is not much doing, but prices generally are firm.
Rice is quoted rather easier. From our cotton slum-
facturing districts the reports notice that no improve.
rent had taken place during the past month, and that
the advices by the last mail from India were as infa-
vourable for imports as the preceding one. In the
woollen districts the demand has lessened, as is general
at this period of the year, but prices remain firm."

The letters received from Australia have now 16
been long enough in hand to be perused and judged St 16
.
of, and we must say, as the result of inquiry in
14
many quarters, that they are decidedly the most 20
unfavourable received since the gold discoveries 11l
were made. The enormous supply of merchandise St:
from England, although it may have benefited the 20
colonists by occasioning a decline in prices, had 134
produced the usual evil results—namely, the em- St:
barrassment of numerous traders, and a sudden
contraction of the demand for labour. In the in- 2.it5
terior there is ample employment not only for the 25
workmen already there, but for thousands more
872%
who may arrive, and public works will have a betters' st.
chance of being prosecuted when labour is cheap. St.
50
Still the reaction shows that a period of trial and 25
transition has occurred. Many tradespeople were tOOl
asking for time, and we can naturally judge what 4.
this will lead to—namely, their ultimate suspension. 50
Others who had bound themselves to pay enormous 20
rents were wholly unable to do so, and, as the. st.
most honest course, were delivering up possession 50
st
of the premises. This necessarily will affect parties 16.
at home who derive their incomes from rack rents, 16
building having progressed so fast that stores and g
houses were already in excess of the wants of the St.
population. It is but right to mention, however, 22:i
that a large number of persons who wisely resolved 5.0)
not to take advantage of the furor, and let their St.
premises at the same rents as before the gold dis- 10°
ooveries, would come off scathless. While the pro- lo
duction of the precious metal continues so large
20
there will be good hope of the colony maintaining 20
its ground, and certainly no public works could be 10
carried out while labour was so dear. 10

It is with extreme regret that we notice the fact
that the Peninsular and Oriental Steam Navigation
Company have abandoned their Australian con-
tract, the loss upon 12 months' working being, as
we understand, no less than 46,0001. By the mail
steamer just arrived at Marseilles there were only
three passengers from Australia. It is obvious that
totally different arrangements must be made, and
that the colonies, as well as the mother country,
must act liberally if steam communication is to be
maintained.

The assertion, upon almost semi-official autho-
rity, that the public Exchequer is for the present
well supplied, has occasioned some reaction in the
funds ; but from the opinions we hear expressed,
we feel certain that any attempt to stave off the
raising of large additional means with the object
of vigorously prosecuting the war will cause regret
and dissatisfaction. It may be true that the money
is not forthwith required, but this is precisely the
20
reason why it could be obtained on better terms. 10
Consols have been 91i to for Transfer, and 912
for Account. The New Three per Cents. have
been 90 to 90g, and the Reduced 90 to f. • Bank 10
Stock has been steady at 209 to 210. Exchequer 5
Bills are 3s. to 65., and Indian Bonds 10s. prem. 20
20
Foreign securities have been comparatively dull,
the only stock much dealt in being Turkish, which
17i
has been flat at 7f to 81 discount. Spanish New 20
Deferred Bonds have realised 18k, and the Pas- 20
20
sive 41. Russian Four-and-a-Half per Cents. 20
have been done at 87, and Dutch Four per Cents. 20
at 90i I. 20
100
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5i to 51 ; Mexi- 1(2)00
can, 21k to 21± ; Peruvian, 67 to 69 ; ditto, 25
3 per Cents., 47 to 49 ; Portuguese 4 per Cents., 25
40 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto, 25
4 per Cents., 85 to 87 ; Spanish New Deferred, 100
181 to 181; ditto, 3 per Cents., 37i to 38k; ditto, 100
Certificates, 5 to 51 ; ditto, Passive, 4i to 4,1. 20
This is settling-day in the Railway Share Market, 5
and the rates charged for carrying over are ex- 202
tremely moderate. Prices are in many instances
rather firmer than yesterday, but, except in con- 100
nection with the settlement, there is not much 100
doing. The interest or " contango" is mostly at 10000
the rate of 3or 4 per cent. per annum. French
shares have been quiet. 20),
The Mines are rather more in .demand, at the 1000
previous rates. Joint-Stock Banks are heavier. 5
Peel River Land Shares are firmer.
OA

BRMSII FUNDS THIS DAY.-CLOSING PRICES

(From the (*cid Lig.)

Bivinass done
Bank Stock 209 10
3 per Cont. Reduced Annuities 9O 1
3 per Cent, Corsols Annuities Wiii
New 3 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 , 4 5-16
India Stock
India Bonds, £lOOO ... ...... ......•......
Bank Stock for Account 209.1.
Consols for Account
Exchequer Bills, 21d.
6
111000
.2500
Small
3 6
3i per Cent.
Exchequer Bonds 1858,
Ditto 1859, ~
?RICE OF FOREIGN FUNDS THIS DAY.
Danish Bonds, 1825, 3 per Cent —
Ditto 5 per Cent
Equador Bonds , lOl
Grenada Bonds, 1i per Cout
Grenada Bonds, Deferred ... ... 15
..
t
Peruvian Bonds, 4i per Cent. ............. 7,8
Russian Bonds 4. per Cent ................. voi
................ 87
Sardinian Bond's, 5 per Cent... .....
.... .
..... 86A
Spanish Beads, 3 per Cent 37i
Ditto New Deferred, 3 per Cent lBi
Ditto Passive (Converted)
. Turkish Scrip 6 per cent •
Venezuela Bonds, 3i per Coit 8._.7 8i i a
Ditto Deferred, 1 per Cent 9l
Dividends on the above payable in London.
Dutch Exchange, 2i per Cent. 12 Guil
Ditto 4 per cent. tArtifleates
THREE 0 CLOCK.

Congolg
Ditto, Account ............ •• •• 911

THE FRENCH KNINFORCEMENTS.

The soldiers supplied by the regiments of the army of 50
Paris left yesterday by a special train of the Lyons Ei
Railway.
A letter from Toulon, of the 25th inst., states : 100
"The frigate k.ndromaque, having taken on board the 100
Bth battery of the 6th division of mounted artillery, 20
sailed yesterday for the East. Two strong detachments
of the 16th and 25th of the line arrived the same day at 20
Toulon on their way to join their regiments at Rome.
The 17th battalion of Foot Chasseurs, 900 strong, is
expected here to-morrow for embarkation. The Chan- 50
100
dernagor transport has entered the basin to load ar- 100
tillery and ammunition. The Eclaireur steam aviso put
to sea yesterday with 250 men of the 25th Regiment. 20
The frigate Zenobie has also sailed with troops for the 50
131ack Sea. 200 men of the 57th are to embark to-mor- 20
row. Yesterday the 7th battery of the 6th division of 25
Artillery was put onboard the Chandernagor. The men
100
and horses left for Marseilles to embark in war-trans-
ports. All the vessels arriving here from the northern 1-2
ports sail for their destination the moment the troops
are
on board. Orders have been given to expedite the 25
embarkation of stores of every description, and the 25
workmen in that department are kept employed till 10 50
At night.'