The Sun.
London, England, 1854-11-24 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK. abr
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 heavily, and prices had a down-
ward tendency ; light stapled quality was ls. 6d.
lower. The sales comprised 4,500 American,
400 Egyptian, at Sid. to 10d, ; and 2,000 Surat,
at 3d. to 4d. per lb. Railway shares were firm.
In the Colonial Markets, this week, the dispo-
sition to buy is still more governed by the imme-
diate consumption. Sugar has been held with
some firmness, but most of that offered publicly
has had to be withdrawn. Coffee has been at full
rates, although not active. Cocoa has been rather
dearer. Tea and rice have been dull, spices
steady, and saltpetre rather cheaper. For cochi-
neal fuller prices have been paid. Jute and hemp
have been rather more sought after. Iron has
been dull. In oils a large business has been done,
but tallow has drooped.
The accounts from India by the Overland Mail,
taking the description given in the telegraphic
outline, are not very favourable in reference to the
commercial markets, trade being dull. The rate
of exchange at Calcutta was ls. lid. per rupee.
The state of affairs in China seems still to be un-
favourable, and the siege of Canton was continued
by the insurgents. Nevertheless, a little tea con-
tinued to be brought down.
Per telegragph we learn that the Australian
mails have arrived at Alexandria, but since there
was no steamer to bring them forward, there will
be some delay ere they arrive. The dates from
Sydney are September 20, and Melbourne Sep-
tember 25. The markets continued overstocked
and dull, but the yield of gold was maintained,
and the arrivals at Melbourne from the diggings
durina the month of August were 120,000 ounces.
In United States Securities there has not been
much doing within the last few days, and prices
have not varied to any great extent. Messrs. D
Bell, Son, and Co., give the prices as fellows :

Redeeinqblo. Per Cent. ]
United States 6 per Cont. Bonds 1862...101 102 I
United States 6 per Cent. Bonds 1863...108] IC9j l'
United States 6 per Cent. Inseribed 1
Stock 1867-1868...103j 106 E
United States 6 per Cent. Inscribed
Stock 1862...101 102 ,
Pennsylvania 5 per Cent ... 75 1
Pennsylvania 5 per Cent. Bonds 1877... SO 82
Massachusetts 5 per Cent. (Sterl. Bonds) 1863...100 102 ]
South Carolina 5 per Cent. Bonds
(Baring's) 1858-1868... 90 92 :
Maryland 5 per Cent. (Sterling Bonds)... ... 93 91
Alabama 5 per Cent. (Sterl. Bonds) 1858-9-66... 83
b irginia S per Cent. (Sterling Bonds) ...1588... 1:0 92
Virginia 6 per Cent. Bonds 1886... 83 81 ?;
LOANS OF CITIES.
Boston 4I per Cent. (Sterling Bonds) ... 99 101
Montreal 6 per Cent 1657-1865 83
Now Orleans 6 per Cent. Bonds 1893... 82
RAILROAD BONDS.
Illinois Central 6 per Cent. 1875._ 63 65
Pennsylvania, Central It. Rd. 6p. Cent 1880... 89 90
New York and Erie 7 per Cent. Ist Mort-
gage lB6B-1860...100 102
New York and Erie 7 per Cent. 3d Mort-
gag.- 1883... 77 78
New York and Erie 7p.Cent.,Convertible 1862... 70
Northern Indiana 7 per Cent. let Mort-
gage (Gosehen Branch) 1863... 73 75
Terre Haute and Alton 7 per Cent. let
Mortgage 1867... 75
In the Stock market this morning, there has been
some fluctuation, although the intelligence does
not add much to our previous information. The
intention of the French Government to send troops
into the Danubian provinces is interpreted by
some as a demonstration against Austria, and this
certainly is not without its influence. It may be,
however, that the force is to act with Omer Paella
against the Russians, although its moral effect
upon the conduct of Austria must be great.
Consols were 91i, then dropped to 911, and are
since 911 / for transfer. Fine bargains have been
transacted at 91a, then at 914 for transfer, and
now 914 / are the nearest. prices. The continued
decline in the French funds operates upon values,
and increases the suspicion that a new loan is im-
pending. Bank Stock . has receded to 210 and
2091. Exchequer Bilis have been firm at 4s. to
7s. premium. India Bonds are 103. to 11s. pre-
mium. The New 3 per Cents. have been 894 to
901.
There is again a depressed market for the Turkish
Scrip, which is now down to 6k and 6 per cent.
discount, and with limited dealing. Sardinian
Bonds aro quoted 85i to 86, being steady. Dutch
2i per Cents. are flatter at 60i, and the 4 per
Cents. at 9J. Russian 5 per Cents, are marked.
95. Mexican Stock is 21i to 214. The Spanish
and South American Securities are inactive, and
their quotations nominal. _
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 54 to 5.1 ; Mexi-
can, 21g to 2li ; Peruvian, 67 to 69 ; ditto,
3 per Cents., 47 to 49 ; Portuguese 4 per Cents.,
40 to 43 ; Russian 5 per Cents., 95 to 97 ; ditto,
41- per Cents., 85 to 87 ; Spanish New Deferred,
181 to 181 ; ditto, 3 .per Cents., 371 to 38i; ditto,
Certificates, 51 to 5/ ; ditto, Passive, 4i to 4/.
Most of the English Railway Shares are depressed
owing to the decline in Consols, and there is a
general reduction in prices of about 1 to 4i per
cent. The foreign lines aro very quiet.
Mining Shares are neglected. South Australia
Bank Shares have risen 55., and the Land Shares
are nominally without alteration. There is an im-
provement of 1 per cent. in the Canada Company's
Stock.

linsiness done

1860 9O
89i
94
Sank Stock .............. 2lO 9.
3 per Cent. Reduced Annuities...
91i
3Nepwer 90 / 89j 901
4 5-16 i
3 Cent.per CCeonn.ts.oEAl
xsnpniitl.(Annuities
Annuitiesetisi
Jan.,
...... . ...... - 11 10
7
Consols for Account • .............. 91i i i
Exchequer Bills, 2/ d.
Long
IndiaDit Annuities,
nuuuittlieel.C:l2olooooo
£lOOO . ............ 7 4 7
2500 ......................................... 7 4 7
Small ......................................... 7 4 7
Exchequer Bonds 1853, 31 per Cont. ......
Ditto 1859, „
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK,
hfexican 3 per Cant.
Ditto for the Account 2lti
RUS9iall Bowls, 1822, 5 per Cent,. ,Z St
Sardinian Bonds, 5 per Cent.. ......
.... .
rarkish Scrip 6 per cent —
Ditto for the Account 6 1 6 i
Dividends on the shove payable in Loniimi.
Dutch Exchange, 2i per Cent. 12 Guil
Oitto 4 per Cent. Certifieates ..... .

HALF-PA-ST TWO,
Consols .................................... 911
Ditto, Account
91a t

THE NAVAL ENGAGEMENT IN THE
PACIFIC.

Everybody who remembers or has read of the last
great war knows its checkered course, its ever-alternating
triumphs and reverses. We shall never have a war
without them, and it would be folly to expect it. There
is no disguising the true character of the affair at Petro-
paulovski, a place of which the great majority of our
readers have sever heard before, but which they may
henceforth remember as a fortified port in the far dis-
tant region of Kamtschatka, where we and the French
made very little way. The affair explains itself. An
insufficient fleet attempted what we have not yea-
tured to do either in the Baltic or the Black Sea
—viz., to cut out two Russian frigates from under
strong batteries. Failing this, the fleet appears to
have trusted some Americans, who are to a man
friendly to the Russians in that part of the world, so far
as regards the present contest, and seat a considerable
detachment of its men into a position where they were
simply massacred by the Russians. It is very clear that
we have to learn not only the art of war, but a little ex-
perience, which is proverbially dear. Little confidence
must be placed in any supposed sympathy of race, of
religion, of constitution, or anything else, between us
and the Ataericans. They have nothing to fear from the
Russians, and a good deal to fear, or rather to be
jealous of, with ourselves, as they believe. We may as
well therefore make up our minds to their following
their interest, as they think it, and letting sym-
pathies alone. Of course they have no particu-
lar pleasure in seeing our frigates roaming across
the Pacific, visiting the islands, tampering with the
chiefs, prowling about the coasts, sailing into harbours,
and otherwise making themselves at home. In this
affair it is evident that Admiral Price was hardly master
of his actions, probably net of his reason. Despairing of
success, he seems to have committed suicide before the
fatal attempt, and thus to have done his utmost to fulfil
his own forebodings. Such accidents will happen, and
this one, so wholly unsuspected, happening as it does in
such an outlying part of the world, only serves as a re-
minder how much this war will resemble the last, how
far its influence will spread, Amy great will be its
vicissitudes, and how great must be our exertions.—
Times.

TiE LORD RIICTORSIIIr OF Pia GLASGOW UNIVBRUITY.
It has been asserted that a protest was lodged against
the election of the Duke of Argyll to this chair, on the
ground that he was connected with another of oar Scot-
tish universities. We are authorised to say that this
statement is altogether without foundation.—North Bri-
tish Daily Mail.
VAN DIEM N'S LAND COMPANY.—A epecial general
meeting of the proprietors in this company was held at
the London Tavern, Bishopsgate-street, yesterday ; Mr.
John Cattley in the chair. The advertisement conven-
ing the meeting having been read, on the motion of Mr.
Ducros the report was ordered to be printed and circu-
lated among the propietore, and the proceedings termi-
nated,

BRITISH FUNDS THIS DAY AT ONE O'CLOCK. 20
(Prom, the Ogcial List.) 20
20
.00