The Sun.
London, England, 1854-12-27 00:00:00

MONEY MARKET

COMM NB CIAL

INT;',II.LNIEY:.'E

TW O o'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at from 5,000 to 6,000 bales, all to the
trade:----The market was steady at previous rates.
The sales comprised 130 Pernain and Maranham,
at Sad. to 60., 30 Bahia at 6d., 30 Egyptian at
7/d., 500 Surat at 31d. to 31d., and 100 Sea
Islands at 10d. to is. 9d. per lb. Railway shares
were dull.
Great dulness still prevails in the freight market,
and according to the General Week' 1g Shipping
List the rates are lower than for a considerable
time past. It appears even that to Australia large
amounts of merchandise have been taken as cheap
as 40s. to 455. per ton, which is under anything
paid since the gold discoveries. Although ship
owners may be supposed to suffer by this,
there are various reasons for concluding
that they will not iu reality lose so much
as would appear, owing to the moderated
wages and other expenses, to say nothing of the
risk of desertion in Australia having diminished.
On the other hand, our merchants, who were shorn
of nearly all their profit by the expenses of the
transit, may resume shipments with some prospect
of a profitable return. It is a good symptom that
at present the quantity of merchandise in course
of exportation to the Colonies is exceedingly
moderate.
The French Government, at the requisition of
the ironmastev, has resolved not to grant the re-
quest of the Northern Railway Company for the
introduction of the 45,000 tons of rails which it
requires to complete its line, but it permits 8,000
tons of English iron to be brought in at the reduced
duty of 5i francs. This has been done, we are
told, because one of the contractors has failed to
supply the quantities engaged for. To the
Southern Company the same permission has been
granted.
Accountsfromllamburg state that comparatively
large shipments of wheat had been made to Eng-
land, and of potatoes to France, from which it
inferred that our wants were greater than had been
represented. The ability of Germany, however, to
furnish us so soon must be accepted under the cir-
cumstances as satisfactory.
Advices from Belgium mention that there had
been great floods in various parts, and especially in
Luxembourg, where the snow in some places had
been as much as 10 feet deep.
The English Stock market has been depressed
this morning without any large amount of sales, the
decline in the rates of exchangeyesterday afternoon
as well as the lower quotations from America being
calculated to impart a heavy tone, and the an-
nounced loan in France likewise operating. It is
probable that although the loan is to be opened to
the nation at large, as upon the former occa-
sion, our capitalists will participate by means
of their agents in Paris, and hence the brisk demand
yesterday for bills upon that city. The subscrip-
tions thus indirectly made may affect our exchanges
fora short period, but will by no means have the
same influence as a direct loan of some millions
sterling. Concerning the amount there is no de-
finite information as yet, but twenty millions ster-
ling has been named. Whatever may be the effect
of borrowing in any shape, the Speech of the Em-
peror, Louis Napoleon, has, from its vigorous and
loyatone, obtained such unmingled approbation
that already a good effect is observable upon the
value of public securities. Consols opened at 91
to 1, and are now 911 The New 3 per Cents.
have been at 91 to 914, and the Reduced at 904 to
91. Bank Stock is heavy at 2071. Exchequer
Bills remain at 4s. to 75., and India Bonds at 9s. to
12s. premium.
Foreign stocks are heavier. Mexican bring 21,
Spanish Threes are 38k and the New Deferred 18g.
Turkish Bonds are 741 to b. Dutch 4 per Cents.
realise 911.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 5 to 6 ; Mexi-
can 201 to 211 ; Peruvian, 69 to 71 ; Ditto 3 per
Cents., 48 to 50 ; Portuguese 4 per Cents., 41 to
43 ; Russian 5 per Cents. 97 to 99 ; Ditto 41 per
Cents., 87 to 89 ; Spanish New Deferred, 18k to
18/ ; Ditto 3 per Cents., 38 to 39 ' • Ditto Certifi-
cates 5 to 51 • Ditto Passive, 4R too 48.
This is " making-up" day in the Railway Share
Market, and the rates for " carrying over" are com-
paratively moderate, ranging from 3-16ths to
5-16ths upon some of the principal lines. There
have been transactions in the Great Western at
rather lower rates. North-Western have been also
heavy, and the other lines were flatter at the open-
ing owing to the heaviness of Consols. They have,
however, since rallied a little. The foreign lines
are lower—Paris and Lyons about 18s.
The Mining Market has been dull, but St.
John's del Rey and Cobre Copper are both firm.
In the Joint-Stock Bank and Miscellaneous
Shares there has been scarcely anything doing.

BRITISH FUNDS Tlll5 DAY AT ONE O'CLOCK.
(From the OtEcial List.)
Bu•iness done
Bank Stock 207;
3 per Cent. Reduced Annuities... 9oi 1
New 3 per Cent. Annuities;
India Bonds, 1:1000 . —
Ditto, under 21000 9 12
Consols for Account, 10th January
Exchequer Bills, 24d.
2,1000
Exchequer Bonds 1858, 3:1 per Cent. —
Ditto 1859, „
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
"lexicon 3 per Cent.
Spanish Bonds, 3 per Cent 384
Ditto New Deferred, 3 per Cent 18;1
Turkish Scrip, paid up in full
Ditto for the Account 74
Dividends on the above payable in London.
French Routes, 44 per Cent.
Ditto 3 per Cent
Dutch Exchange, 21 per Cent. 12 Cull .....
Ditto 4 Der Cont. Certificates......
HALF-PAST TWO.
.9141

67f 50c Ex. 25f

Consols ....

RACING FIXTURES FOR 1855.
MARCH.

Coventry
Salisbury
22
Doncaster II3 Northampton 27
Thirsk
15 Croxton Park 29
APRIL.
9 Mallon l9
111 Newmarket F S 23

Newmarket C
Cat teriek Bridge
York Spring

MAY.
Chester Spring 1 Bath l5
Newmarket S S 8 Epsom 22
*Shrewsbury 10 *Manchester 30

Ascot
Hampton
Bibury _

.. 5
..13
..20

Stockbridge 2l
Winchester 22
Newcastle 26

MARKET INTELLIGENCE.