The Sun.
London, England, 1854-11-03 00:00:00

MONEY MARKET

AND

coamEßciAL INTELLICIENCZ

CITY, TV' 0 o'CLOCK.

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 steadily at former prices. The sales
comprised 4,500 American, 340 Pernam and Maran-
ham at 6gd. to 70., 500 Egyptian at 6d. to 9d.,
1,500 Surat at 3d. to 4a d., and 100 Sea Island
at ls. to 16. Bd. per lb. Railway Shares were
firmer.

Colonial produce has been in rather limited re-
quest this week, but prices have undergone no
material change. Sugar has been held for higher
rates, especially foreign samples. Of coffee there
has been very little offering. Tea has been duller.
Spices have been brisk, and at fuller prices. Rice
has been dull, owing to the decline in grain. In
tallow there has been less doing, as also in hemp
and flax. Cotton has been quiet. For rum the
demand has been slightly checked by the higher
rates asked.

------
The following remarks upon the silk trade are
furnished by Mr. Henry W. Eaton :
"There is little to add to the usual monthly statistics,
by which, however, it ill be seen that the deliveries con-
tinue large. During the last week there has been still a
large business doing, considering the extent of previous
operations, the accounts from China tending to render
prices more firm than otherwise. The settlements are
stated to be about 8,000 bales, against 20.030 at the same
period last season, with an advance in prices. In 3engals
there has, generally, been more inquiry, good B and C
silks, from 12s. to 14s. 6d. being freely taken for home
consumption, while the low quotations of the inferior
sorts have, to a certain extent, attracted the notice of
shippers, owing to the advance in Taysaams. For Italian
silk there has been more demand at previous rates, though
letters from France and Italy report higher prices. In
Brutius and Persians there is no change. The stock of the
former consists of 27 bales, and the latter about 1,200 bal-
lots."

The monthly report of Messrs. M'Nair, Green-
how, and Irving upon the Manchester trade, states
that—

" The successful operations of the armies in the East
had the effect of producing not only a very consi-
derable feeling of improvement in confidence, but were
for the time encouraging and originating material hopes
as to the future.
" Following this immediately renewed distrust and ap-
prehension were occasioned by the fact of some very large
failures, in London and Liverpool, having taken place,
constituting in themselves collectively a very large amount.
It is needless to remark that these matters, ro fatal, so
far as we are able to judge, to the continuance of substan-
tial and bona fide credit in all commercial transactions, have
produced a feeling of elution, care, and circumspection, on
the part of the merchants here generally, that no one can
be found desirous of operating beyond his actual require-
ments. Large orders generally, it is believed, are in the
hands of merchants, but they in many cases refrain from
executing them until more peaceful and satisfactory sea-
sons arrive. Then in addition to other causes, the recently
and rapidly advanced state of the corn market has gene-
rated additional uneasiness. The probability, however, now
is generally that higher prices will not be realised, and
that the highest point has been attained. We hope so.
" The transactions of the month appear to us, under
the circumstances, to exceed in amount that which might
have been expected.
" Considering the condition of the market throughout
the month, and which at its close cannot be otherwise
stated than as being marked by great dullness and inao-
tivity, as well as being accompanied by prevailing dis-
trust, its position cannot but be characterised by some de-
gree of improvement in these respects. There is greater
confidence, and a slight ease in the money market. Cotton
maintains its value, and in the absence of disturbing causes
would appear to be likely to do so. Stocks of goods and
yarns have not, so far as the latter are concerned,
very materially increased, but in regard to the former they
have become so. The former have declined in many cases
from Id. to 3d. per piece, but in regard_ to yarns the re-
duction iu bundled qualities will not exceed an per lb.,
and that only applies to certain descriptions. In reference,
however, to some descriptions of twist and piucops, there
has been an advance established, whilst with reference to
doubled yarns the decline is such as has been stated in the
report.
"The demand for the country trade has been somewhat
impeded by the rise of the value in the corn market, which
for a season has counteracted the benefits which were
likely to accrue from the late abundant harvest."
A very remarkable narrative has been drawn up
at Constantinople, of an alleged conspiracy against
the brother-in-law of the Sultan, and connected
with this affair some other facts of interest are men-
tioned. It is stated that a mixed commission, com-
posed of three Turks,• one Frenchman, and one
Englishman, named by their respective govern-
ments, was superintending the appropriation of the
funds derived from the loan. This commission, it
is asserted, was very distasteful to Redschid
In order to arrest the growing influence of Mehemet
Alit the Sultan's brother-in-law, an intrigue
against him has been got up with the object
more especially, of destroying his moral character,
and should he fall, French policy would lose a warm
supporter. The story as told in Constantinople
letters is to the effect that a notorious individual
had his property and papers sequestrated owing
Ito his frauds and bankruptcy, and was condemned
to,banishment for Laving appropriated to his own
use 4,500,000 piastres belonging to one of the Paellas,
for whom he acted as banker, as well as for having
attempted to embezzle three millions of piastres from
Achmet Pacha. The Minister of Finance himself
instituted the prosecution. Subsequently, how-
ever, there was a reversal of the banishment by
court influence, succeeded anew by further defi-
ciencies and forfeiture of property, and with the
view of carrying favour with the dominant party,
'the Sultan's brother-in-law was accused by the
defaulter of having received douceurs. Au inves-
tigation being instantly demanded by the accused,
the r esult has been his triumphant acquittal.
The. "fourth" of the month, to-morrow, will be
a very heavy day iu the Manchester trade, a large
mass of paper falling due, and probably more than
at any of the year, except the 4th of March.
Yesterday afternoon, however, money was reported
to be extremely easy, and it is most satisfactory to
hear as the result of our inquiries, that great con-
fidence exists in the paper being duly honoured,
and that there is at present no indication of weak-
ness. On the contrary, many have liquidated their
bills by anticipation. We do not of course assert
that a little pressure may not exist in some quar-
ters, or even that the payments will in every case
be made, but we refer to the state of credit as being
sound generally in this important branch of our
commerce.
The Stock Market is exceedingly quiet, and the
quotations have undergone no change of impor-
tance. Consols have ben 9.4- to 942 for transfer,
and 94i for account. The New 3 per Cents.
have been done at 93i and Bank Stock is
steady, at 211, and East India Stock at 231. Ex-
chequer-bills have been hrm at 6s. to 9s. prem.
The Foreign Securities have been inactive, and
prices are heavy. The only bargains reported are
at 1i prem. in Turkish Scrip, which is now ex-
changeable for the Bonds, at 58 for Buenos Ayres,
78i for Danish Threes, 51i for Belgian 2i per
Cents., 601, and 604 fur Dutch 2i per Cents., and
goi. for the 4 per Cents.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 51 to 6 ; Mexi-
can, 22a to 221 ; Peruvian, 70 to 72 ; ditto,
3 per Cents., 50 to 52 ; Portuguese 4 per Cents.,
.40 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto,
4- per Cents., 84 to 86 ; Spanish New Deferred,
14 to l ; ditto, 3 per Cents., 371 to 381 ; ditto,
Certificates, 54 to 5z ; ditto, Passive, 41 to 4-Ig.
The re is a buoyant tone in Railway Shares, and
advanced prices have been obtained for several of
the lines. Caledonian have risen about f, Brighton
Lanicashjre and Yorkshire to and Midland
I, the, others being at fully the previous rates, in-
clud'ing the Great Northern, Great Western, North-
Ear,tern, and Eastern Counties. The French Shares
ha ve been very quiet, and in the Foreign and Cana-
dian lines generally there is not much doing.
The Foreign and Colonial Mines have been less
dealt in, but the new Australian Banks have again
been in request, London Chartered being about 1/.
higher, and Scottish k better.
The Shares of the Land t ompanies have been
'without change. The Shares of the Electric
!Telegraph Company are quoted with another 1/.
paid up.

13RITISH .11 )8 THIS DAY.—CLOSING PRICES.
(From the Oficial List.

Buiness dons.
Bank Stock .................................... 211
3 per Cent. Reduced ......... 93$
3 per Cent. Consols Annuities ................ 94A
New 3 per Cent. An .................. 931 if ,sB
Long Annuities, Expire sth Jan., 1860 ... 4 5-16
India Stock ....................................... 231 2
Ditto, under 1000 ........................ 14
r;ousol; for Account 14th Nov. ............ 94.1
Exchequer Bills, 24d.
;1000
2500 ....................................... . 9 6 p
9 6 p

Bnas.P. ........................................
?I),ICE OF FOREIGN FUNDS THIS DAY.
Buenos Ayres Bonds, 6 per Cent .......••••:• 58
Danish .Bonds, 1825, 3 per Cent ............ 7SL:
mexicati ;-) per Cent. ........................... 22f
Portuguese .Bonds, 5 per Cent. ...........•••
Ditto ex. all over due Coupons ............ 42
:Spanish Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent........... 18$
InrkishSeiip 6 per cent ....................... P 4
Ditto for the Account ........................ f.! P
',widen& on the 51:-,,we rayabie n•
Relg, '
an Bonds 2. per Cent. ex. 25 fr ......
Dutch Exchange. `,4 per Cent. 12 Coil 6:):1
Oitto 4 per Cent. Certificates ...„ ..... 90i
THREE O,CLOCK.
Nis
Cons. 941
Ditto tirrember APOOTIIIt ..... 94t