The Sun.
London, England, 1854-10-18 00:00:00

MONEY _NIA It KE;

AND
COMMERCIAL INTELLIGENCE.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool yesterday were
estimated at 6,000 bales, including 1,500 American
taken for export and on speculation. The market
closed with increased firmness, and prices of all
kinds were extreme, and in some cases a point
against the buyer. The sales comprised 4,800 Ame-
rican, 250 Pernam and Maranham at s!d. to 6id.,
150 Egyptian at 51d. to Bd, 700 Surat at 3kd.
to 4 d., and 40 Sea Island at is. to is. Bd. per lb.
Railway Shares were dull.
The number of ships arrived yesterday in the
Thames was 65 from foreign parts, 3 from Ireland,

and 48 colliers.
The ship John Barrow has arrived with Sydney
dates of June 11, and 6,314 ounces and 7,1001. in

gold. I 2
The steamer La Plata, with the West India mail,
is telegraphed. Her accounts notice the prevalence 3
of stormy [weather and sickness in many parts. .
The letters are not yet in town. . The amount of t
bullion is 600,000 dollars.
The rumour has become very general that an v
order in Council will shortly appear, announcing g
the intentions of Government to institute a much.
stricter blockade next year of the Russian ports, or 2
at least to adopt such measures as will prevent the
produce of our enemy coming either directly or in-
directly to the United Kingdom. It is positive that
the supplies of some articles, tallow for example,
have this year been as large as though no blockade
had existed, with the additional disadvantage
that the consumers here have to pay for them more
than usual. How, it may be asked, could this 11
have happened during a period when our cruisers
were proverbially vigilant, and were capturing ves- 1
eels in all directions ? The answer is simple enough.
There was no measure adopted to prevent the 1
transport of Russian staples across the Prussian
frontier ; therefore every inducement existed
for the commercial men in the north of Germany to 2
employ theii6apital in the trade. Since we have no
reason to be pleased with the policy of the Berlin E
Government, we shall, of course, not feel the 1
slightest delicacy in adopting any course that will
.injure its subjects ; although our main object is to
cause loss to the agriculturists and traders of the
Emperor Nicholas. When we consider that the
mercantile guilds at St. Petersburg partake
so much of the character of monopolies, we 8
shall feel leSs hesitation in adopting means to bring
about that inevitable result, ruin to a number 'of •
the prties who have in time, of peace legitimately 1
conducted their operations. The exports of Russia
are valued at 13,000,0001. yearly, and if we cannot
impede the whole of these, we can at least •mate-
rially interfere with them, and the circuitous route
which the produce will have to take will deprive
the Russian merchants and proprietors of nearly all
profit. We shall prevent the importation into Eng-
land of all tallow, hemp, flax, &c., coming from the
Russian territories ; and in this there will be no
great difficulty. Commercial men in the City are
unanimous as to the expediency of such measures,
and in many instances condemn their non-adoption
at an earlier date. There may be, however, some
r arguments adduced to justify our Government
_ for not • having sooner interfered. Matters
last autumn had not yet assumed such
an- aspect as to preclude all hope of an
amicable settlement. At least so thought the
Ministers, and accordingly English capitalists
made their usual advances for the pur-
chase of produce in the interior of Russia during
the winter, to be ready for shipment in the ensuing
summer. This was. not done to the usual
extent we are aware ; because a deputation waited
upon Lord Clarendon, who advised • great caution
in the matter. Still the sudden prohibition of
importations, even of tallow, &c., brought over-
land and indirectly, would have resulted in great
loss to the English ; whereas proper notice being
now given, not a sixpence would be advanced, we
may conclude, and the entire effect would he expe-
rienced by the subjects of the Autocrat. It is
expedient whatever may be done that it should be
done without delay, nQt only as a hint to our
capitalists, but likewise as a demonstration against
Prussia and her ally.
The English Stock market has not improved,
and the current prices appear to be considered as
nearly as possible a fair average, under circum-
stances. Consols have been 94a -I, and are now
94/ a. For account they have realised 94a to
The New 3i per Cents. have been 93g- to and
the 3 per Cents. 931 to 93g. Bank Stock has been
done at 210. Exchequer Bills have been quoted
4s. to 75., and East India Bonds 7s. to los.

premium.
Foreign Securities are almost nominal. Spanish
Three per Cents. bring 37i, and the Turkish
Scrip is flat at 2# to 21. The accounts from Peru
state that a conflict between the Government and
revolutionary forces was hourly expected, but that
the President had not been taken prisoner, as was
supposed.
The fol!owing are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 5/ to 61- ; Mexi-
can, 23i to 231 ex div ; Peruvian, 71 to 73 ; ditto,
3 per Cents., 51 to 53 ; Portuguese 4 per Cents.,
40 to 42 ; Russian 5 per Cents., 96 to 98 ; ditto,
4/ per Cents., 84 to 86 ; Spanish New Deferred,
18k to 182 ; ditto, 3 per Cents., 37i to 38 ; ditto,
Certificates, 5 to 51 ; ditto, Passive, 4i to 44.
The English Share Market has been flatter, and
in some lines a decline of about per cent. has oc-
curred. Great Northern, however, are still main-
tained. Midland, North-Western, North-Eastern,
and Caledonian are lower. The French lines are
dull.
Santiago de Cuba Mine Shares are in demand,
at fuller prices. The Joint Stock Bank Shares are
neglected. The Land Shares are steady. •

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Frain the OnEcial List.)
Ba iness done.
Bank Stock
3 per Cent. Reduced Annuities... 931 i
3 per Cent. Consols Annuities 943 i ?,I
Nov 3 per Cent. Annuities
Low Annuities, Expire sth Jan., 1860
Ditto 30 Years, Exp;re sth Jan., 1860 4i
India Bonds, £lOOO
Ditto, under 21000
Consols for Account 14th Nov.
Exchequer Bills, 20,
21003
2500 4 7
Small 4 7
Exchequer Bonds 1858, 3i per Cent. 99i
Ditto 1859, „
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Mexican 3 per Cent.
Spanish Bonds, 3 per Cent 374
Turkish Scrip 6 per cent 2i i P
Dividends on the above payable in Loudon.
HALP•PAST TWO.
. .
Consols
Ditto November Account

PRICE OF Coax.—The rapid rebound in the corn
market during the past few weeks and the prospect that
the anticipations lately entertained as to the cheapness
of food during the ensuing winter will be realised only
to a very partial extent have caused some dulness in the
money-market. It must be remembered that there is a
great difference in a question of high prices whether they
are paid for foreign supplies or to our own producers, and
that on the present occasion the latter is, the case. No
dread therefore need be felt of a resumption of that heavy
and continuous drain of bullion in return for wheat which
pressed _upon the United Kingdom throughout the
whole of the past year, whatever maybe the demand
for it from other causes. If at any period during the
next twelve months we should import any large quan-
tities of foreign grain, it will be chiefly for the purpose
of profitable shipment elsewhere, while all the prin-
cipal results of this state of things will flow into the
pockets of our agriculturists. One portion of the popu.
lation will gain what the other pays, and, although
a more equable process would be better as regards
the prospects both of our home and foreign trade,
there is nothing under these' circumstances
t) excite uneasiness. Meanwhile there are some impor-
tant benefits to be looked for from the prevaleuce of
high prices at the present ‘ moment which tend to coun-
teract their disadvantages, since they will prevent a said•
den abandonment of the economy which has been so
long practised, and at the same thus tend to insure the
sowing of a large breadth of land for the C4illiftg year.
AUCTION OF THE SPANISH FOREIGN) REDEEMABLE
DEBT.—The Spanish Financial Commiss on have given
notice that the 34th auction of the for ign redeemable
debt will take place at Madrid on, th? 'lst instant, for
which purpose 375,000 reals have beef assigned by the
Government. t
RUSSIAN PRODUCE.—There was ghat activity yester-
day afternoon in Russian produc&6t advancing prices,
owing to increasing confidence ir. the rumour that the
ve-?alnent are about taking decided measures for
uchecking tin ourlansi traffic to fie Prussian ports.