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

MONEY MARKET

Am)
COMALERG'/AL INTELLIGENCE.

CITY, T\9o 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 expert, and
on speculation. The market closed tamely without
change in pricei. The sales comprised 6,000 Ameri-
can, 150 Pernam and Maranham at 51d. to 60.,
170 Bahia at ,61d. to 60., 200 Egyptian at sd.
to 90., and 700 Surat at 31,,(1.• to 3/d. 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
Han son : • •

" r_rhe London clearances of currents for consumption
are p roceeding on a very large scale. They reached in
all N ovember 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 best portion of which has already reached this
coin itry : 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 were 5,300 tons for consumption, and 3,750 tons
in bond : in all 9,050 tons.
"Soy, Ira' public sales have lately brought to light much
of every description of currants, from 1852 white worth
21s. at 'as., up to 1851 fine, some of which have been
sold at 965. On the whole, and particularly at the latter
sales, c omparatively full prices were paid for all descrip-
tions, an d there is every prospect of the clearances this
month b eing larger than those of December, 1853, which
were onl y 495 tons. This, article seems to be coming
again inl ,o very general use, and the trade are thinly
supplied..
" Of : raisins there is a short importation of 400 tons,
as comp: ►red with last year, and of 1,680 tons as com-
pared wi th 1852. The market has been very unsettled of
late, ten der fruit selling from 40s. to 425. ; so that
the pric t of fine has barely maintained its ground.
Another Government contract is advertised for 75 tons.
Purchas es of low blacks have continued to be made for
export a,t various prices. Fine has been sold at 255.
"The clearances of raisins' here in Nov. have been
larger tl ►an any Nov. clearances since 1849, in all 1470
tons abet ,inst 1220 tons in i% ov. 1853, and 1210 tons in
Nov. 18 52. The shipments were 380 tons, of which 82 tons
to colon ies, 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 7,0 53 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 tY Le accounts received by the steamer Atlantic
from N 'ow York, a report upon the market for Eu-
ropean manufactures gives the following :
"Fc 'reign manufactures remain inactive, and are
somewl Sat irregular in price. The demand is confined to
some very fine styles of British and Continental goods,
which it is not easy to procure at any reduction in
value ; but there is an abundance of undesirable fabrics
on the market, which are freely offered, and which re-
put.3,bl e buyers are able to purchase at, in almost every
instance, their own terms. This, however, does not
render the trade in such goods any way active. Few
dealer.; will operate, except there is no mistaking the
prospects of gain. Such cases are now very rare. There
is, ne rertheless, much ground for hope. No further
failure J.s 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
being: promptly cancelled, and on all sides there are evi-
dent symptoms of revival, which it is gratifying to us
to cc eatemplate. 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-
men ts."

The report made yesterday at the meeting of the
Peninsular and Oriental Steam Navigation Com-
pany's proprietors bore out all that has been pr.e-
vio Usly stated under this head -respecting the aban-
don ment of the Australian postal contract, upon
whi. sh, it appears, there has been a loss of 40,0001.
Nol r, therefore, if means can be devised, appears
to 1 e the right time to attempt the carrying out of
the Panama route, unless we intend to abandon to
American enterprise the maintenance of steam cora-
munioation 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
Home Government to the companies carrying the
mails an arrangement could be speedily accom-
plished. What is required by the mercantile com-
munity is certainty, as well as expedition, and
both might be assured either by the Indian or the
Panama route.
In the English stock market this is settling day,
and the " contango has continued as high as
5-16ths to -4 per cent. This, however, will not be
considered excessive when the heavy income tax
that is due in January, is taken into account.
Stock has been taken up to some extent for tem-
porary investment, the feeling that some arrange-
ments for peace are progressing being stronger than
the new doubts thrown upon the scope of the
Austrian treaty might have led one to expect.
Consols have been 92i. to 93i for transfer, and
93i to for account. Exchequer Bills have re-
alised 3s. to 6s. and India Bonds Bs. to 11s. pre-
mium. The Now 3 per cents. have been 91k to
and the Reduced 91i to I. Bank Stock has been
dull at 208.
The Foreign Market has been dull'. Turkish
scrip is 61 to 6i discount. Spanish New Deferred
Bonds have been marked 19 to k. Mexican Stock
is at ill, and Buenos Ayres at 54. Dutch 2*
per Cents, have realised 611. Belgian 4 per Cents.
901, and Dutch 4 per Cents. 901 to 91.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 51 to 5i ; Mexi-
can, 21k to 214 ; Peruvian, 66 to 68 ; ditto
3 per Cents., 47 to 49 ; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto
4i per Cents., 86 to 88 ; Spanish New Deferred,
3.9 i to /9f, ; ditto 3 per Cents., 38t to 39i ; ditto
Certificates, 5f to 6 ; ditto Passive, 44 to 44.
The ?Last week's railway receipts ascertained up
to this .iay are in round figures as under

1854.
Great V 7estern ........................ £2O, 466
North-V Testern ........................ 48,297
South-V restern ........................ . 10,153
Brighto-,2 ............................... 10,527
Midlano
South-1 astern ...................... ,13,652
Caledonian . ....... .................. 11,340
Great :Northern ............................. 21,835
Northtih :13 and Yorkshire ......... 18,471
-E: ',stern ........................

1853.
£19,155
46,030
9,871

10,518

23,852
12,306
10,177
17,216
16,970

The I tailway Share Market has been firm, but
generall yno advance has occurred. The Cale-
doniau, Lancashire, and Yorkshire, Midland, and.
Chester,. and. Holyhead have been most dealt in.
The for sign lines have been at about the previous
rates.

In th.e Joint-Stoek Bank Shares there have been
several bargains, but buyers have an advantage.
Mined :are dull. Crystal Palace, have improved.

BRITESII FUNDS THIS DAY AT ONE O'CLOCK.
( From the Offwica List. )

Rank Stock . ........... . nu,dness done
208
3 per C,nt. r Izoced Annuities 9IR I.
3 per Jet .5. COT 4018 Annuities 92i 3d 2a
New 3 per Ceia:-,. Annuities,
India r ) 'Jag, .41000 .....--.
Consols ;or Ae3ount, lOtli January
Exchequer Bills, lid.
21003 .........................
2500
Small
Exchequer Bonds 1858, 3a per Cent. -
Ditto " 1859, ~ . 99
a-

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent. ............ 51h
Witocican :3 per Cent. ........................ 21$
Epauish Bonds, 3 per Cent .................
Ditto Now Deferred, 3 pe-: Ceut. .......... 19 h
Spanish Committee Cert. of Coup. not fun. 51 p c
arlesh Scrip 6 ner cent... ...................
Ditto for the Account

6B

- Dividends on the above payable in London.
Belgian Bonds 44 per Cent. ea. 25 fr L'O4
Dutch Excltanga, l per -,311 . 12 (
Ditto 4 Der uem. vertifiestes ...... 1

HALP•PAST TWO.
Consols
',Nur, January Acc nt . ........ • •

LORD PALMERSTON.—The Novidacles, a Spanish news•
paper, of the Ist inst , has a cock and bull story, which
• hardly needs refutation, that Lord Palmerston is on his
way to Spain to agree for the raising of a 401811 1-niQn
of 20,000 won to servo in the Beet 1