The Sun.
London, England, 1854-12-07 00:00:00

MONEY MARKET

A 11'D

COMMEIWIA.L

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 8,000 bales, including 1,000
American, and 1,000 Surat taken for export, and
on speculation. The market closed tamely without
change in prices. The sales comprised 6,000 Ameri-
can, 150 Pernam and Maranham at 5,11 d. to 6ad.,
170 Bahia at 6id. to CO., 200 Egyptian at 52d.
to 90., and 700 Surat at 31-d. to 31d. per lb.
Railway Shares were firm at higher prices.
The following is a statement upon the dried
fruit trade in • London by Messrs. Witherby and
lianson
" The London clearances of currents for consumption
are proceeding on a very large scale. They reached in
all November 1,070 tons. against 290 tons in November
1853, and 1,190 tons in November 1852. The deliveries
in bond in November were 180 tons, of which 50 tons
Went to the colonies, 40 to the United States, and 90 tons
to the continent, making the total deliveries 1,250 tons.
About 50 tons were shipped to the United States in
October.

"The 1854 currant crop will not have produced above
5,000 tons of mercantile fruit, nearly one-half, and cer-
tainly the beat portion of which has already reached this
country : part has gone to Holland and Germany, and
the remaining good fruit has been bought at advanced
rates. The London stock is estimated at about 4,000
tons, or about 1,000 tons less than on 30th September
last. The London deliveries during the last twelve
months wen 5,300 tons for consumption, and 3,750 tons
In bond : in all 9,050 tons.

"Several public sales have lately broughtto light much
of every description of currants, from 1852 white worth
21s. at 225., up to 1851 fine, so re of which have been
sold at 965. On the whole, and particularly at the latter
sales, comparatively full prices were paid for all descrip-
tions, and there is every prospect of the clearances this
month being larger than those of December, 1853, which
were only 495 tons. This article seems to be coming
again into very general use,
.and the trade are thinly
supplied.

"Of raisins there is a short importation of 400 tons,
as compared with last year, and of 1,600 tons as com-
pared with 1852. The market has been very unsettled of
late, tender fruit selling from 40s. t• 425. ; so that
the price of fine has barely maintained its ground.
Another Government contract is advertised for 75 tons.
Purchases of low blacks have continued to be made for
export at various prices. Fine has been sold at 255.
"The clearances of raisins here in Nov. have been
larger than any Nov. clearances since 1849, in all 1470
tons against 1220 tons in N ov. 1853, and 1210 tons in
Nov. 1852. The shipments were 380 tons, of which 82 tons
to colonies, and 298 to continent, making the entire deli-
veries of November 1,850 tons. The consumption of the
-United Kingdom for the first ten months of this year
Was 7,053 tons, against 8,410 tons in 1853.
"Of figs there are no arrivals, and the article is
Scarcer than was ever known to be the case at this
season."

In the accounts received by the steamer Atlantic
fr9rn. New York, a report upon the market for Eu-
ropean manufactures gives the following :
" Foreign manufactures remain inactive, and are
somewhat irregular in price. The demand is confined to
Sonia very fine styles of British and Continental goods,
'which it is not easy to procure at any reduction in
.7alue ; but there is an abundance of undesirable fabrics
on the market, which are freely offered, and which re-
putable buyers are able to purchase at, it• almost every
instance, their own terms. This, however, does not
render the trade in such goods any way active. Few
dealers will operate, except there is no mistaking the
Prospects of gain. Such cases are now very rare. There
15, nevertheless, much 'ground for hope. No further
,ailu res in this line, of any importance, have occurred
since our last. The imports are far less extensive, and
of a generally better description than usual. Debts are
'toneing promptly cancelled, and on all sides there are evi-
t symptoms of revival, which it is gratifying to us
Contemplate. To nurture this tendency should now
be the object of all interested in the business. ,They can
Only do it by well-considered and prudent move-
ments."
The report made yesterday at the meeting of the
Peninsular and Oriental Steam Navigation Corn-
PanY's proprietors bore out all that has been pre-
viously stated under this head respecting the aban-
donment of the Australian postal contract, upon
Which, it appears, there has been a less of 40,0001.
Now, therefore, if means can be devised, appears
to be the right time to attempt the carrying out of
ithe Panama route, unless we intend to abandon to
American enterprise the maintenance of steam com-
„rnunication with our own colonies. That the
maintenance of a steam route is costly we have
abundant evidence, but the Legislatures of Aus-
tralia are willing to contribute liberally, and if a
larger Portion of the postage were allowed by the
'Tome Government to the companies carrying the
mails an arrangement could be speedily accom-
plished. What is required by the mercantile cora-
-InaitY is certainty, as well as expedition, and
,1
oth might be assured either by the Indian or the
'ausina route.
111 the English stock market this is settling day,
and the " contango" has continued as high as
16ths to 4 per cent. This, however, will not be
that
excessive when the heavy income tax •
t, is due in January, is taken into account.
aStock has been taken up to some extent for tem-
porary investment, the feeling that some arrange-
th7tns for peace are progressing being stronger than
°flew doubts thrown upon the scope of the
Austrian treaty might have led one to expect.
Consols,- have been 92i to 93t for transfer, and
'3l- to for account. Exchequer Bills have re-
alised, as. to 6s. and India Bonds Bs. to pre-
-1:41,1132. The New 3 per cents. have been 91k to
11`1 the Reduced 91k to Bank Stock has been
uull at 208.
The Poreiom Market has been dull. Turkish
-eriP is 61 to 6i discount. Spanish New Deferred
It °h(ls have been marked 19 to k. Mexican Stock
is"
-.8
at 21.1, and Buenos Ayres at 5415. Dutch 21
per Cents. have realised 611. Belgian 4i per Cents.
"A, and Dutch 4 per Cents. 901 to 91.
The following are the nominal prices of. Foreign
Stocks :---Grenada Deferred Bonds, 51 to 51. ; Mexi-
-731' 21i to 21i ; Peruvian, 66 to 68 ; ditto
40 P teot 4,Cellts., 47 to 49 ; Portuguese 4 per Cents.,
4 Pe 71; Russian 5 per Cents., 95 to 97 ; ditto
19i to 86 to 88 ; Spanish New Deferred,
° 401 ; ditto 3 per Cents., 381 to 391 ; ditto
Trtifietit!es, 5t to 6 ; ditto Passive, 4ft to 4i.
t last Week's railway receipts ascertained up
° this day are in round figures as under :

Great West 1854. 1853.
11-°rtil-NVerli
£20,466 £19,155
South-We esten'
48,297 46,030
)3righton 8t era 10,153 9,871
Midland ..
10,527 10,518
50,,,, - 25,486 23,852
0 ;tut-Eastern. 13,652 12,306
~aledoniar, ' 11,340 10,177
.!_reat Northern 21,835 17,216
Sreashire and Yorkshire
°MI-Eastern
generally
Railway Share Market has been firm, but
no advance has occurred. The Caled-
cC, Lancashire, and Yorkshire, Midland, an.
The fore;
;Lila
Holyhead have been most dealt in.
rates. 'l lines have been at about the previous
In the Joint-Stock Bank Shares there have been
Mv.eral bargains, but buyers have an advantage.
Ines
area dull. Crystal Palace have improved.

BRITISE•t FUNDS THIS DAY.—CLOSING PRICES
(Fromthe Oficial List.)
rin.iness done
'Rank Stoc I_ ... ....... 2OB
a I, ‘i. Cent 208
4
3 ‘ —ent,. iteduced Annuities
924 3i 2i 3
dew
Cetr ;. Corsols Annuities
91i ii i
New 3,Pe r,Cent. Annuities
98
• iiiir. IN3r Cent. Annuities
11
la lior, de. £lOOO ......._ ....... ,
wi a i
Consols kr A.ecount, 10th January
tzehequor Bills, 2i d.
3 6
3 6
-1-ICOO
...... ..
-4.te,Jva:lp ..
t,o, • •.. ....................... •,.; . "”).
ecinc:r Bonds 1858 3i per '"". 99i
... bitt,,
'
1859, ~
~
olio, l'lt A
Tel;.:
. OF FOREIGN FUNDS THIS DAY.
..
54i
me,cie., 'LYr Bonds, 6 per Cent
21
pellii `;'} 4 per Cent.
68
Sr'' toads, 4i per Cent.
3Si
'l3.'Bllllolldß, 3 per Cent
19 i 19 -1
spanlitato New Deferred, 3 per Cent
TtirkistliliCetu mittee Cert. of Coup. not fun 5l P c
Ditto Sfoel'll6o Per
Accountceu t
ael , bivi• lends on the above payable
lan toz..„
90i
25 fr
Unteti.tzeti us 44 per Cont, ex. .
In London.
t)itto 4 tie4rnFe, 24 per
.Cent. 12 Gull9o 1
90
‘-'en. Lerteates
THREE O'CLO('
yz.
,r,i'lnsolm..... 924
• ~ttd.,. ~.2••••• ••• ......................
.. ~o,
"413•11ary Aeaonnt .. _ .... •- • ''''l4 LO

JRlo PALRICRSTO___ -
new
paper, of the lat i N.--The Novidades, a Spanish Which
on
hardly need
Palmerston is
ost., has a cock and bull story,
his
, Spain s refutation, that Lord .
Way to t
of 20,000 0 agree for the raising of a Spanish
men to serve in the East ! Legion