The Sun.
London, England, 1854-10-14 00:00:00

11;10/4EY MA it KET

AND
COMMERCIAL INTELLIGENCE.

CITY, TV 0 o'CLOCK. I
Shr
The cotton market at Liverpool yesterday was
moderately active at steady prices. The sales
comprised 7,000 bales, including 2,000 on specu-
lation and for export. The Railway share Mar-
ket was depressed, with a decline in some instances
of 4 to / per cent.
The bullion held by the Bank of England during
the week to the 7th inst. was slightly diminished
notwithstanding the imports, and it is to be as-
sumed that the amounts received from abroad had
not then been paid in, although enough has been
received since to augment the total. The payment
of official salaries or disbursements appears to have
already commenced, as the public deposits were
rather smaller ; their first reduction, in fact after
the maximum point of tho quarter. The de-
mand for money is evidenced by the reduction
of private lodgments, but as respects the secu-
rities, there was a diminution arising from the
ordinary repayment of loans before the transfer
books re-open. The discounts of the Bank are
already sufficiently large, considering the quiet
state of trade and the absence of speculation. The
next return will present numerous changes, in-
duced by the dividend payments. Compared with
the previous week, the changes, up to the 7th
inst., were as under :
Active circulation
Decrease
Bullion
Decrease

X 19,959,015
5,905
12,972,466
87,404
Rest
Increase
Public Deposits 5,766,065
Decrease 20,517
Other Deposits
Decrease 325,470
'even-Day and other Bills
Increase 29,086
Government Securities 11,015,466
Increase 9,256
Other Securities 16,677,317
Decrease
Notes unemployed 6,391,015
Decrease 108,365
Yesterday afternoon the rates of exchange were
not quite so well supported as regards bills upon
the principal Continental cities. Paris, 90 days,
went at 25 35 to 37i, Amsterdam at 11 17 to
18k, Hamburgh at 13 7 to 7f, Trieste at 11 45 to
50, and Frankfort at 1185 to i.
Bar silver is at ss. lid. per ounce, being id.

lower.
The exports of bullion direct from London during
the week to Thursday last comprised 1,935 ounce's
of gold and 37,615 of silver, all to the Continent.
The ship Saldauba, from Port Philip, arrived at
Liverpool, brings 129,0001. in gold. The amount
on board the Queen of the South is 551,1001.
Some heavy payments fall due next week. On
Monday there will be 15 per cent. payable on the
second. 1,000,0001. of the Turkish Loan ; on Tues-
day 20 per cent. is payable on the A series of the
2,000,0001. of Exchequer Bonds, and on Friday
20 per cent. on the first issue of 2,000,0901. of the
Turkish loan. The exchanges next week will
therefore, in all probability, decline.
The letters from the Contineni furnish no com-
mercial news of interest:
The English Stooks have been flat, the reduction
in the amount of bullion held by the Bank being
the main cause, although there is obviously an
excess in the supply. Consols have been 95 to
for transfer and account. The New 31 per Centst
have realised 94 to 941, and the 3 per Cants. 931
to 94. Exchequerßills have been 4s. to 75., and East
India Bonds 10s. premium. The Bonds of 1859
have been done at par.
In Foreign Stocks the dealings are unusually
limited, and quotations are nominal. Transactions
are officially recorded in Brazilian Small at 991,
in Spanish New Deferred at 182, and in Turkish
Scrip at 2i to 3. These constitute the entire busi-
ness of the day up to the period of our writing.
The following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 51- to 6± ; Mexi-
can, 24 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 93 ; ditto, 41 per
Cents., 84 to 86 ; Spanish New Deferred, 182 to
19 ; ditto, 3 per Cents., 371 to 38± ; ditto, Certi-
ficates, 5 to 5} ; ditto, Passive, 42 to 4j.
The Railway Share Market has become de-
pressed. There is a decline of to
North Western and Midland, of Ato in Cale-
donian, and of Itol in Great Northern. Great
Western are tolerably firm. The foreign lines
have been firm, and Great Luxembourg rather
higher.
Mining Shares are dull, and also Banks. The
Crystal Palace have been firmer.

BRITISH FUNDS THIS DAY.—CLOSING PRICES
( From the Oficial List.)
Au mess done.
3 per Cent. Reduced Annuities... .......... 93/ 43/ x d
3 per Cent. Console Annuities 954 5
New 3 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860
India Bonds, £lOOO .
Consols for Account 17th Oct.
Exchequer Bills, 2id.
1000
.C5OO
Small
Exchequer Bonds 1858, 3i per Cent. ...
Ditto 1859,
~
PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent —
Ditto Small
Mexican 3 per Cont. -
61rdinian Bonds, 5 per Cent B9t
Spanish Bowls, 3 per Cent —
Ditto New Deferred, 3 per Cent B/
Texkish &trip 6 per cent
Dividends on the above payable in London.
Dutch Exchange, 2i per Cent. 12 Guil 62A
Ditto 4 per Cent. Certificates _ .•.. 92/
TWO O'CLOCK.
Consols
Ditto October Aoconnt

The East India aid China Association have received
an intimation from the Post office that, in consequence
of their representations regarding the inconvenience
sustained from the present arrangements of the mail
service between this country and Calcutta leaving too
short an interval at Calcutta for the return correspon-
dence, the Postmaster-General has been in communica-
tion with the Admiralty on the subject. The result is
that new tables have been sanctioned under which an
extension of four days will be afforded to the inhabi-
tants of Calcutta for answering their correspondence,
bu tthe date when the alteration is to come into effect
remains to be determined.
HONG KONG.—Additional telegraphic despatches from
Hong Kong yesterday mention that the exports of new
tea to date were 13,000,0001 b., and of silk 2,200 bake.
The insurgents were still attacking Canton, aid were in
possession of the whole of the surrounding country, the
general expectation being that the city would be forced
to yield. There had been no more arrivals of tea, and
some which was near Canton had been taken back into
the country. At Shanghai there had been large settle-
ments of green tea. In silk there was little doing, and
prices were high for the finer descriptions. Samqua had
been dismissed from office and ordered to Pekin.
LOSS Or • SWEDISH STEAMER.—COPENHAGEN, Oct.
13.—The Swedish Government steamer Gylfe, returning
from Norrland, was totally wrecked on the sth inst.,
near Orefrundsgripet. The crew were saved.
The advices from Spain mention, as a favourable cir-
cumstance for the interests of the foreign bondholders,
that Don Luis de Mariategui has been elected deputy
for the province of St. Sebastian. He has been much
in England, and has connections with many of the prin-
cipal firms of London and the Continent. The present
Minister of Finance was also among the candidates for
the province, but was unsuccessful.
The total value of the gold and sovereigns reported
from Australia yesterday, is 554,1001., the Queen of the
South steamer from Sydney and Melbourne having
64,000 ounces and 160,000 sovereigns ; the Saldanha,
33,072 ounces ; and the Templar, 1,080 ounces and
1,500 sovereigns. In addition to this the Severn, from
Brazil, has brought 16,000/., making an aggregate of
570,0001.
According to the advices from Liverpool the affairs of
Mr. M'Henry have been thrown into Chof more y bhsoan a
me
relatives, and there is little prospect t
fractional dividend. The expectations lately entertained
of a good arrangement of the affairs of Mr. Oliver seem
also to have been abandoned.
AMERICAN RAILWAYS. The ON Countryman of
Canadasays : "It is computed that there will be twenty-
one thousand miles of railway in operation in the United
States upon the first day of January next. The logest
railway upon the surface of the globe is the Illinois Croa e
ch-
n-
tral, which is 731 miles in length, and is rapidly app
ing completion."
ROYAL DUBLIN SOCIETY'S SCHOOLS OF ART' the
are
gratified to have it in our power to announce that
the
highly valuable schools of this society are likely to be re-
opened on the let of November, under greatly improved
arrangements, which cannot but prove highly advanta
geous to the students of art in this city. We understand
that provision is made for the separate instruction of
students of the higher classes of society ill the proposed
nlan —Saunders's News Letter.