The Sun.
London, England, 1854-10-16 00:00:00

MONEY

IND
COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool 011 Saturday
were estimated at 8,000 bales, including 3,000
American taken for export and on speculation. The
market was steady, without change in prices. The
sales comprised 6,800 American, 300 Egyptian at
6d. to Od., 800 Surat at 21d. to 41-d., and 50 Sea
Island at Is. to ls. Sd. per lb. Railway Shares
were dull, and prices declining.
The Corn Market is higher again this morning,
and the arrivals are very small. The markets
abroad are generally rising.

Letters from Birmingham state that the iron
trade continues active, very large orders having.
been taken at present figures. Pig iron has ad-
vanced 2s. Gd. to 53. upon the prices current a
nissih since.

From New York, by the steamer Arabia, we
learn that the stock market was active, the money
market having become easier. A general improve-
ment was expected in the prices of stocks. During
the week ending September 30, the shipments of
specie amounted to 1,109,303 dollars. This amount
was much larger than was expected, but after this
month it is stated the exportation will be reduced,
and if California continues her usual remittances
the stock will probably begin to accumulate in New
York. The report of the operations of the United
States mint showed a falling off in the deposits of
the precious metals this year as compared with
last. This is chiefly attributable to the fact that
since the establishment of the mint at San Fran-
cisco the remittances thence have been made to a
material extent in coin. _ _ .

The ship Red Jacket, from Australia, brings
dates as late as August 2, and about 200,0001. in
gold dust and specie. Trade had not improved to
any extent, nor was much alteration expected until
the season began. A strong movement was making
to obtain an alteration of the postage in Victoria,
raised by the Legislature previous to the retire-
ment of the late Governor. A uniform penny
postage was much desired.
Accounts from liamburgh state that several
steamers which were on the station between that
port and England, had been taken up by our Ad-
miralty for the purpose of conveying materials of
war to the East.

At St. Petersburg, as early as the 7th inst., the
winter had commenced, and the navigation of the
river Neva was expected soon to be interrupted.
The military preparations continued on a grand
scale, and the patriotic gifts were stated to be com-
ing in very large, the newspapers containing long
lists of money contributed in various provinces of
the empire, with the names of the donors, includ-
ing corporations, the nobility, and the merchants.
The schools for cadets had received more applica-
tions from youths anxious to be educated for a mi-
litary career than they could entertain.
In Finland two ordinances had been issued. The
one limits to two instead of three months, the
period during which it shall be permitted until the
crops of 1855 are secured to distil grain for the
manufacture of brandy. The other decree makes
a reduction to 25 kopeks per lb. in the duty upon
salt, owing to the scarcity of the article.
Riga letters state that as the English cruisers
had left the neighbourhood of that port, the mer-
chants hoped yet to do some trade with the adja-
cent places before the navigation closed.
There has been & flat market for public securities,
and the want of speculative business, with some
anxiety respecting commercial affairs, occasions a
heavy tone, even in the absence of largo sales.
Consols have been 94i to for transfer, and 94l to
95 for account. The New 31 per Cents. have been
931 to and the 3 per Cents. 931 to Bank
Stock has been as high as 210, though since done
at 208. The Reduced 3 per Cents. have been 93g
to f. Exchequer Bills have been quoted
4s. to 75., and East India Bonds 7s. to 103.
premium. Exchequer Bonds have been 991
7.
Foreign Securities
,have been dull. Mexican
Bonds have been rather heavy at 242 ; but there is
no news of interest calculated to effect them. Spanish
3 per Cents. have been at 383, and the New De-
ferred at 182. The Turkish Scrip is about 22 to
3 premium. Venezuela Deferred Bonds have been
done at 10. There have been no bargains in Dutch
or Russian.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 52 to 6± ; Mexi-
can, 244 to 25 ; Peruvian, 71 to 73 ; ditto, 3 per
Cents., 51 to 53 ; Portuguese 4 per Cants., 40 to
42 ; Russian 5 per Cents., 96 to 98 ; ditto, 41 per
Cents., 84 to 86 ; Spanish New Deferred, 183- to
181 ; ditto, 3 per Cents., 372 to 381 ; ditto, Certi-
ficates, 5 to 5i ; ditto, Passive, 4-a to 43.
The railway meetings announced are the fol-
lowing :

Company. Date. Place.
Birknhd. Lane. & Chesh. Jno. Oct. 21, Birkenhead.
Great Indian Peninsula Oct. 31, New Broad-street.
Namur and Liege
Northern of France Oct. 25, Paris.
This is settling day in the Railway Share Mar-
ket, and, relatively, prices are better supported
than for the funds. The rates of interest charged
for " carrying over" are lower than they were a
fortnight since. The Great Northern line has been 100
again in favour, and Midland are steady. Cale-
1
donian and North-Western much the same. The 4
foreign lines have been quieter, but maintain their 5 2
price.
.
In Mines there is no activity, the Banks are 0'
firm, and Crystal Palace and other miscellaneous 100
shares without alteration. 100

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( Prom the Olicial List.)
15u-inns done.
Bulk :wok 2lO 8
3 per Cent. Reduced Annuities.
3 per Cent. Consols Annuities 94i i
New 3 per Cent. Annuities
India Bonds, £lOOO . —
Ditto, under £lOOO 7 10 p
Consols for Account 17th Oct.
Exchequer Bills, 24d.
£l000
£5OO 4 7 p
Small 4 7 p
Exchequer Bonds 1858, 3ti per Cent. 991
Ditto 1859, ~
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent 54 yea d
Mexican 3 per Cent.
Spanish Bonds, 3 per Cent 3Bh
Ditto New Deferred, 3 per Cent lBl
TarkishScrip 6 per cent —
Ditto for the Account 3
Venezuela Bonds, 3i per Cent.
Ditto Deferred, 1 per Cent lO
Dividends on the above payable in London.

HALF-PAST TWO.
Console 94 I
Ditto October Account ' 94i 5