The Sun.
London, England, 1854-11-03 00:00:00

MONEY MARKET

ND
COMMERCIAL INTELL IGENUE.

CITY, TWO o'CLOCK

The sales of cotton at Liverpool yesterday
were estimated at 7,000 bales, including 500
American and 500 Surat taken for export. The
market closed steadily at former prices. The sales
comprised 4,500 American, 340 Pernam and Maran-
ham at bid. to 7id., 500 Egyptian at 6d. to 9d.,
1,500 Surat at 3d. to 4}d., and 100 Sea Island
at Is. to is. 81 per lb. Railway Shares were
firmer.

Colonial produce has been in rather limited re-
quest this week, but prices have undergone no
material change. Sugar has been held for higher
rates, especially foreign samples. Of coffee there
has been very little offering. Tea has been duller.
Spices have been brisk, and at fuller prices. Rice
bas been dull, owing to the decline in grain. In
tallow there has been less doing, as also in hemp
and flax. Cotton has been quiet. For rum the
demand has been slightly checked by the higher
rates asked.
The following remarks upon the silk trade are
furnished by .Mr. Henry W. Eaton :
"There is little to add to the usual monthly statistics,
by which, however, it •,% ill be seen that the deliveries con-
tinuo large. During the last week there has been still a
large business doing, considering the extent of previous
operations, the accounts from China tending to render
prices more firm than otherwise. The settlements are
stated to be about 8,000 bales, against 20,000 at the same
period last season, with an advance in prices. In 3engals
there has, generally, been more inquiry, good B and C
silks, from 12s. to 14s. (id. being freely taken for home "
,
consumption, while the low quotations of the inferior
sorts have, to a certain extent, attracted the notice of
shippers, owing to the advance in Taysaams. For Italian
silk there has been more demand at previous rates, though
letters from Francs and Italy report higher prices In ~
Brutius and Persians there is no change. The stock of the
former consists of 27 bales, and the latter about 1,200 bal-
1
lots."
The monthly report of Messrs. M‘Nair, Green-
how, and Irving upon the Manchester trade, states 1;
that-
-2(
"The successful operations of the armies in the East 11
had the effect of producing not only a very consi- St
derable feeling of improvement in confidence, but were St
for the time encouraging and originating material hopes 20
as to the future. 10
" Following this immediately renewed distrust and apl2.
-
prehension were occasioned by the fact of some very large St.
failures, in London and Liverpool, having taken place, 50
constituting in themselves collectively a very large amount. 40
It is needless to remark that these matters, ro fatal, so 25
far as we are able to judge, to the continuance of subetan- 25
tial and bona fide credit in all commercial transactions, have St.
produced a feeling of caution, care, and circumspection, on 8/ 2s
the part of the merchants here generally, that no one can St.
be found desirous of operating beyond his actual require- St.
mints. Large orders generally, it is believed, are in the 50
hands of merchants, but they in many cases refrain from 25
executing them until more peaceful and satisfactory sea- :00
sons arrive. Then in addition to other causes, the recently 6=
and rapidly advanced state of the corn market has gene- 2f
rated additional uneasiness. The probability, however, now 50
is generally that higher prices will not be realised, and 20
that the highest point has been attained. We hope so.
" The transactions of the month appear to us, under St
the circumstances, to exceed in amount that which might s('
have been expected. Si
" Considering the condition of the market throughout lf
the month, and which at its close cannot be otherwise
stated than as being marked by great dullness and inse•
tivity, as well as being accompanied by prevailing dis-
trust, its position cannot but be characterised by some de-
gree of improvement in these respects. There is greater
confidence, and a slight ease in the money market. Cotton
maintains its value, and in the absence of disturbine causes
would appear to be likely to do so. Stocks of go:Lis and
yarns have not, so far as the latter are concerned,
very materially increased, but in regard to the former they
have become so. The former have declined in many cases
from lid. to 3d. per piece, but in regard to yarns the re-
duction in bundled qualities will not exceed an t 3.1. per lb.,
and that only applies to certain descriptions. Iu reference,
however, to some descriptions of twist and pincops, there
has been an advance established, whilst with reference to
doubled yarns the decline is such as has been stated in the
relfle demand for the country trade has been somewhat
impeded by the rise of the value in the corn market, which
for a season has counteracted the benefits which were
likely to accrue from the late abundant harvest."
A very remarkable narrative has been drawn up
at Constantinople, of an alleged conspiracy against
the brother-in-law of the Sultan, and connected
with this affair some other facts of interest are men-
tioned. It is stated that a mixed commission, com-
posed of three Turks, one Frenchman, and one
Englishman, named by their respective govern-
ments, was superintending the appropriation of the
funds derived from the loan. This commission, it
is asserted, was very distasteful to Redschid Pacha.
In order to arrest the growinginflueuce of Mehemet
Ali, the Sultan's brother-in-law, an intrigue
against him has been got up with the object
more especially, of destroying his moral character,
and should he fall, French policy would lose a warm
supporter. The story as told in Constantinople
letters is to the effect that a notorious individual
had his property and papers sequestrated owing
to,his frauds and bankruptcy, and was condemned
to banishment for having appropriated to his own
use 4,500,000 piastres belonging to one of the Paellas,
for whom he acted as banker, as well as for having
attempted to embezzle three millions of piastres from
Achmet Pacha. The Minister of Finance himself
instituted the prosecution. Subsequently, how- 17
ever, there was a reversal of the banishment by ro
court influence, succeeded anew by further defi- 20
ciencies and forfeiture of property, and with the 20
view of carrying favour with the dominant party, 20
the Sultan's brother-in-law was accused by the 100
defaulter of having received doucetcrs. An inves- 100
tigation being instantly demanded by the accused,
220
the result has been his triumphant acquittal. 5
25
The "fourth" of the month, to-morrow, will be 25
a very heavy day iu the Manchester trade, a large
100
mass of paper falling due, and probably more than
at any time of the year, except the 4th of March.
100
Yesterday afternoon, however, money was reported 20
to be extremely easy, and it is most satisfactory to 5
hear as the result of our inquiries, that great con-
20
fidence exists in the paper being duly honoured,
.
and that there is at present no indication of weak-
100
ness. On the contrary, many have liquidated their
bills by anticipation. We do not of course assert 100
that a little pressure may not exist in some guar- 100
tern, or even that the payments will in every case
100
be made, but we refer to the state of credit as being
2000
sound generally in this important branch of our
109
20
commerce.
The Stock Market is exceedingly quiet, and the 5
quotations have undergone no change of impor-
-20
tance. Consols have been 94 to 941 for transfer,
and 94i for account. The New 3 per Cents. 4
have been done at 93i and Bank Stock is 20
steady, at 211, and East India Stock at 231. Ex-
20
20
chequer-bills have been firm at Gs. to 9s. prem.
The Foreign Securities have been inactive, and 231
prices are heavy. The only bargains reported are iv
at 1i prem. in Turkish Scrip, which is now ex- 2v.
changeable for the Bonds, at 58 for Buenos Ayres, 20
Danish Threes 5131 for Belgian 21 per
Ce 60-k and 60. k for , Dutch 2-!1 per Cents., and 2.1°6
nts., for
9054 for the 4 per Cents. 20
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 5 to 6 ; Mexi-
can, 22 to ; Peruvian, 70 to 72 ; ditto,
S per Cents., 50 to 52 ; Portuguese 4 per Cents.,
20
40 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto,
4per Cents., 84 to 86 ; Spanish New Deferred, 10
18f to ; ditto, 3 per Cents., 37,i to 38i ; ditto, 2400
Certificates, si. to 4 ; ditto, Passive, 4a to 41. 20
There is a buoyant tone in Railway Shares, and 20
advanced prices have been obtained for several of 20
the lines. Caledonian have risen about , Brighton
,?u
,
1, Lancashire and Yorkshire to ±, and Midland z 5
I, the others being at fully the previous rates, in- 20
eluding the Great Northern, Great Western, North- 10
Eastern, and Eastern Counties. The French Shares 20
have been very quiet, and in the Foreign and Cana-
dian lines generally there is not much doing.
The Foreign and Colonial Mines have been less ,
dealt in, but the new Australian Banks have again
been in request, London Chartered being about 1/.
• higher, and Scottish k better.
The Shares of the Land Companies have been
without change. The Shares of the Electric
Telegraph Company are quoted with another 1/.
paid up.

20
20
10
10

St.
10
St.
25

20
50
20

10
5
20
20

BRITISH FUNDS THIS DAY AT ONE O'CLOm,..
( Prom the Official List.

Tsu,iness dose.
sank Stock ~.. . . 211
..... .... ........................
3 per Cent. Reduced Annuities.... .......... . 93$ i
3 per Cent. Consols Annuities ................ 94 k 2
New 3 per Cent. Annuities ...............
... 4 5-16
... 93 8 i
Long Annuities, Expira sth Jan., 1860
India Stock ....................................... 231
!.onsols for Account 14th Nov. . ............ 94i
Cxchequer Bills, 24d.
21000 .................................... 9 6 p
£5OO ......................................... 9 6 p
k. 'trtall ........................................ 9 6 p
PRIG "1E OF FOREIGN FUNDS AT ONE O'CLOag,
Buenos Ayres Bonds, 6 per Cent 5B
Vanish .i. fonds, 1825, 3 per Cent 78,11
Turkish& rip 6 per cent li p
Ditto for the Account ................e i on.
nd I.sl p
lends on the shove navaton Lo
Belgian Bond. Nei per Cent. ex. 25 fr 5l.
Dutch Exchang ,`4 per Cent. 12 (;nil
nitto 4 per et. lit. Certificates....
HA Lfr-PA ,sT TWO.
Consols ... ~ ..... ............................. 94 i
Ditto Nor saber Account , ......... -,... 941 t

LOO Aberdeen ..... .....

Ambg. Nottng. Bost. I
and Eastu. Junet...l
all Belfast & Ballymena.
all Binning. Wolverh. &

Stour Valley ......
29 Birkenhd. Lancsh. &
Cheshire Junct •
all Do. Mesh. & Birk.,
£5O and £25 Cons.
19 Do., .......
30 Myth &Tyne original
£25 (issd. at £45)
100 Bristol and Exeter

100 Caiscloman. ......
21s. Calinarthen aad Car

digan „
all Chester & Holyhead
all Cork and Bandon
all Cork, Pack, & Pass
16 C)rnwall
1 Crieff Junction ,
46 I mblin &BelfastJunc,
all Dundee Perth &Aber.

Been Junction
all Do. New .....
100 East Anglian
all Eastern Counties

100 1 Eastern Union, A

Stock
100 De., B. Stock
81 Do., New A.
100 East Lancashire
100 'Edinburgh & Glasgow'
Edinb. and Peebles
100 Edin.Prth &Dundee
1 worth & Clyde June,
100 3,lasgowBL S. Western'
WO Oreat Northern

100 Do., A. Stock
100 Do., B. Stock
WO Gt. Sth. &Wcst.(lre.,
100 Great Western
WO Do. Stour Val. Rai

Gua. Stk
all Irish South-Eastern
all Lar easter & Carlisle
14i Do., Thirds
4 Do. New Thirds ....
100 Laneash.audYorksh
19f, Do., Fifths
114 Do., Wet. Riding Un
all Liv.Crsby.&Southpt
all London & Blackwal
100 Lond. Bright & S.Cs L.
100 Lond. and N. Westn
12 Do. Fifths
1 (OW. Sh.,M&B t
2 Do. Eighths
100 London andS. Westn
424 Do., £5O
34 Do. £49
all Lndndrry& Coleraine
all Lndndrry. & Ennisk.
100 \lanch.Shef.& Lineln
4P Do., Man. & Lin. Un
100 Midland
100 'o. Birmng. &Derby
all Ylidld. G. West. (Irv.)
22 Do. Half Shares ... .
111 Veweastle & Carlisle
51 Vewmkt.Bury Eaten.
19 Nwpt.Aberg. & Hrfd.
8 V ewry & Enniskillen
all Vewry Warrenpoint

and hostrevor

.00 Norfolk
3 Northn.Connties Un.
.00 North British....
all) North Devon, No. 1
all Do., No. 2
all 1)0., 6 A Deferred
all Do., 4 B Guarante&
LOO N. Eastern—Berwick'
20 Do. do. Extension
13 Do „do. G.N.E. Purch.

all Do. Leeds
LOO Do. York
all North London
8: Do. New £lO
Li if N.&S.Wstrn.,Hamp-
, stead, and City Jr:u.,
172., North Staffordshire
all. North Western
all N. &S. Westrn. June.
Nuneaton, Hinckley
and Leicester
100 Oxford, Worcester, &,
Wolverhampton
6 Portsmouth
100 Scottish Central
100 Scottish Midland
all Shrewsby. & Herefd.
all ShropshirC e 1.3 full
Do. A, B, ~St
paid up at per con
all south Devon
100 oath Eastern
all south Wales
15 S. Yrksh. & Riv. Dun

5 Do
8 >taines, Wok &Wok
all tockton Darn!'
16 Stockton &
100 NH Vale
9 Do. £lO shares
100 Do. Pref., No. 1
21 rhames Haven Dock
and Railway
all Vale of Neath
all Waterfd. & Kilkenn,
all Waterford&Limerici
18 West Cornwall
3 West End of London
and Crystal Palace..
all \Vest London.
111 s. Wimbledn&Croydou