The Sun.
London, England, 1854-06-28 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 8,000 hales, including 1,500
American, and 500 Surat, taken for export. The
market closed firmly but tame, compared with
Friday's rates ; prices of all kinds were extreme,
more especially in 41d. to 51d. American, and 31d. to
4-id. Surat. The sales comprised 6,000 American ; 100
Pernam and Maranham at 68d. to 6?d. ; 200 Bahia,
at 6p. ; 200 Egyptian, at 54d. to 71d. ; 1,500
Surat, at 3d. to 4d, and 100 Sea Islands at lOid.
to Is. 6d. per lb. Railway Shares were firm.
The failure of Messrs. Cole, Brothers, in the East
India trade, is announced, and it appears that the
immediate cause of their stoppage is the suspension
of Messrs. Davidson and Gordon.

The Lords Commissioners of the Admiralty
require tenders for a ship to convey 350 tons of
stores and provisions, to be put on board Sir
Charles Napier's fleet, in the Gulf of Finland.
The rates for foreign bills of exchange were yes-
terday afternoon rather higher upon all the
principal Continental cities. Paris, 90 days,
Amsterdam, 11 17 to 171 ;
a burg,amnd hl3s/ to ; Frankfort,
25
Trieste was at a decline of 13 3 to 13 9.
12518 25
t to
3101 H;
Silver dollars have been sold as high as ss. 3d.
per oz.
The subscriptions proffered for the small amount
of the Belgian loan offered to the public appear
absolutely ridiculous in proportion to the amount
to be allotted. It will be remembered that five
millions of francs are set abide for the public, while
the letters ask an aggregate of more than 272 mil-
lion francs. The railway from Antwerp to Rotter-
dam has been opened
with great ceremony, and
will have an immediate influence in drawing closer
the relations between Holland and Belgium.
The advices by the Overland Mail are of a more
satisfactory character in many respects. From
Calcutta it is stated that plentiful rains had
fallen in the indigo districts, and that the
prospects of the crop were encouraging. Money was
exceedingly easy, and in this respect presented
quite a contrast to the state of affairs at Bombay.
For piece goods the demand was healthy, and for
immediate wants. The rate of exchange on Lon-
don was lower, bsing 2s. id., and for document bilk
2s. Id. at 6 months. Freights were 10s. lower.
In China trade continues very depressed, and it
is stated the Custom-house at Shanghai had been
wholly done away with ; consequently no duties
either of import or export were received. The
troubles in the tea districts continued.
There is an expectation that money will become
easier in consequence of the recent large arrivals of
specie and the alterecrposition of the Bank of Eng-
land. According to rumour, the increase in the
amount of bullion held by that establishment will
appear by the weekly return in next Friday's
Gazette to be more than 700,0001.
There is a very firm market for public securities,
but the business done has not been so large. The
supply of stock is scarcely so large as it was. Consols
have been 94 to 941, and are now 94 to k. There
continues to be a strong feeling against the occu-
pation of the Principalities by Austria, a measure
which is held to be framed to check the Ottoman
forces in their victorious career. The New 34 per
Cents, have been 94k to if, and the 3 per Cents.
93i to 94k. Bank Stock is at an advance to 206
and 2071. Exchequer Bills are 2s. discount, to 2s.
premium. The Bonds of 1858 are quoted if to if
premium, and those of 1859, if to if premium.
Foreign Securities are still very quiet. Peruvian
3 per Cents, have beau 51 to 511, Equador 3i, and
Grenada Deferred 6if. Russian. 5 per Cents. have
been 981. All the rest are n ommal.
i
This is making .tip day n the Railway Share
Market, and it would appear that the account is
Bullish. At the last settlement there was gene-
rally a backtvardation, whereas now shares are
mostly " carried over" without charge, or a slight
rate of interest is given for the accommodation.
North-Western have been "even" to if " contango,"
Midland about " even," and York and North Mid-
land at 4 " contango" per share. If the Stock
Market should acquire strength upon the ground
of either an improved monetary or politi-
cal position, there appears to be considerable
room for an advance in railway securities. De-
cidedly, as they have advanced in many cases
within the last fortnight, they are still very much
under the prices at which they stand when capital
is abundant. A fall of 1 per cent. in the current
rates of discount would benefit railways now most
sensibly, because several of them pay very good
dividends. As the time is coming on when the
half-yearly meetings will be held, and an increased
interest may be expected upon the shares of several
lines, the speculators will probably be moving in an-
ticipation of any action on the part of the public. The
rise this morning in most of the lines is fairly 1 per
cent. even upon the advance which occurred
" after hours" yesterday. North-Western, Mid-
land, Lancashire and Yorkshire, Caledonian, and
York and North Midland have been in much re-
quest. French Shares are better.

The Gold Mines are dull, the Banks higher in
one or two cases, and miscellaneous shares more
dealt in, Crystal Palace, however, being lower.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
(From the °tidal List.)

Bank Stock
207 1 6
3 per Cont. Reduced Annuities • 94 * 34* 41
New 3* per Cent. Annuities 94 i
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire 10th Oct., 1859..., 4 7-16
India Bonds, .ClOOO
Consols for Opening 19th July ~. 941 4 i 4 1 4i 4
Exchequer Bills,2*d.
£lOOO ,...., 2 d 2 p
Small 2 p
Exchequer Bonds Scrip, 1858
Ditto 1849,
P

PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
Ditto Small 99
...I
Equador Bonds
Grenada Bonds, I,i per Cent ...... .......
Grenada Bonds, Deferred
Greek Bonds, Red
Ditto, Blue
Peruvian 3 per Cent.
Russian Bonds, 1822, 5 per Cent. £St 9Bl
Sardinian Bonds, 5 per Cent B6
Spanish Bonds,l3 per Cent 4l
Venezuela Bonds, 33 per Cent....... 25
Dividends on the]above payable in London.
Belgian Bonds 43 per Cent. ex. 25 fr
Dutch Exchange, 23 per Cent. 12 Guil
Ditto 4 per Cent. Certificates
THREE O'CLOCK.
Consols for Opening 19th July 94 i x d