The Sun.
London, England, 1854-12-08 00:00:00

MONEY MARKET

AND
CO M AIERCIAL INT ELL 1"C ENC L.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 7,000 bales, including 1,000
American taken for export and on speculation.
The market was tame but steady, without change
in prices. The sales comprised 6,000 American,
150 Pernam and Maranham, at sid. to 7 d. ;
200 Egyptian at 52d. to 60. ; and 500 Surat,
at 3d. to 3td. per lb. Railway Shares were
rather dull.

There has been less doing in Colonial produce
this week, and sales of some articles have been
pressed. Particular descriptions of Sugar have
realised full rates to a slight advance, but British
Plantation has been scarcely so high. Cotton has
been dull, and in Tea there has not been much
doing. At the Spice auctions most articles have
brought advanced prices. In Cotton there have
been but few transactions. Salipetre has been
cheaper, and in Russian staples, including tallow,
hemp, and flax, there has been a downward
tendency.

In the accounts from the Cape we find a few in-
teresting miscellaneous items. The ship Granger
had left for London with 124 k tons of copper ore,
and a quantity of wool and wine. Various ship-
ments of copper ore were taking place, which prove
the increase in the production of the mines, and
several new companies were being formed. The
cold bad been very severe in Namaqualand, and a
large quantity of snow had fallen.
The advices from San Francisco notice the arrival
there of H.M.S. Plover, on the 28th October.
She reported the arrival of
,H.B.M. ship Enter-
prise, Capt. Collinson, who sailed the same day
for Port King. The Plover has been absent from
home since the year 1848, and is stated to look ex-
ceedingly well for the length of time she had been
in the icy regions. The officers and crew were in
good health. The captain of the Majestic reports
the weather very fine in the Arctic region, but
whales were scarce, shy, and very small. There
were but 50 ships in the north.

The Dutch Legislature is discussing certain pro-
posed changes in the budget, and among them a
reduction of the tonnage dues. It appears by the
report of a commission that the fisheries have se-
riously declined within the last ten years.
The prohibition by Russia of the exportation of
grain aoross the frontier will, it is stated, not se-
riously affect Gallicia, which can supply its own
wants, and the neighbouring provinces are most
looked to by Austria for furnishing her army.

Of the London market for United States Stocks,
Messrs. Bell, Son, and Co. report as follows :

" There has been during the week a good demand for
the Federal Government Securities, with a very limited
supply, and prices are well maintained ; whilst in some
of the State Stocks the supply has exceeded the demand,
and prices are generally lower. In Railroad Bonds the
actual transactions have not been to any extent, whilst
there has been an inquiry more particularly for the New
York and Erie 3d Mortgage, the Pennsylvania Central,
and Philadelphia and Reading Bonds."

IteCeemable. Per Cent.
United States 6 per Cent. Bonds 1862...101 102
'United Sta:,es 6 per Cent. Bonds 1863...1092 11.02
United Stages 6 per Ceu.:,. Inscribed
Stock 1867-1868...105i 106
United States 6 per Cent. Insciibed.
1662...101 102
Stook .
Near York State 5 per Cent 1858 to 1860... 95 96
Pennsylvania 5 per Cent ... 73 75
Pennsylvania 5 per Cent. Bonds 1877... 78 SO
Massachusetts 5 per Cent. (Sterl. Bonds) 1868-101 102
South Carolina 5 per Cent. Bonds
(Baring's) 1858-lE6B 92 94
Maryland 5 per Cent. (Sterling Bonds)... ... 93 94
Alabama 5 per Cent. (Sterl. Bonds) 1858-9.66 83
V irginia 5 per Cent. (Sterling Bonds) ...1888... 88 90
Virginia 6 per Cent. Bonds 1886... 82 83
Canada 6 per Cent. (Sterling Bonds) 1876,-109 110

LOANS OP CITIES.
Boston 4i per Cent. (Sterling Bords) ...100 102
Montreal 6 per Cent 1857-1865... 83
New Orleans 6 per Cent. Bonds 1893... 82

RAILROAD BONDS.
Illinois Central 6 per Cent. 1875... 62 63
Pennsylvania Central R. Rd. 6p. Cent... 1880... 83 89
New York ard Erie 7 per Cent. Ist Mort-
gage
New Yoik and Erie 7 per Cent. 3d Mort-
gage
New York and Erie 7p. Cent.,Convertibl 0 1.862 70
Northern Indiana 7 per Cent. Ist Mort-
gage (Gosehen Branch) 1868... 73 75
Terre Haute and Alton 7 per Cent. Ist
Mortgage 1867... 75

The Funds are still rising, and there is some
scarcity of stock now the transfer-books are about
to close. The report that Prussia had joined the
Western Alliance has given some support, but,
doubtless, the main cause of the buoyancy of pricos
is the assertion that our national treasury is for
the present well supplied. Consols have been 93
to and since 931 to for Transfer, being 93g to
for Account. The " contango" therefore, as will
be seen, is smaller than it was. The New Three
per Cents. have been 91i to and the Reduced
911 to Bank Stock has been rather firmer, hav-
ing been 208 to 210. Exchequer Bills are 3s to Gs
prem.

Foreign Securities have been quiet. Mexican
Bonds have been firmer, howevor, at 21k g, and
Peruvian 4 per Cents. at 681. Spanish 3 per
Cents. have advanced to 39k, and the New Deferred
to 19 andl9l, notwithstanding the defeat of Espar-
tero's Ministry and their resignation. Turkish
Scrip continues flat, at 7i to 71 dis. Dutch 2i per
Cents., 61k to 62. Brazilian Old Bonds realised 98.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 51 to 51 ; Mexi-
can, 21k to 21i ; Peruvian, 67 to 69 ; ditto
3 per Cents., 47 to 49 ; Portuguese 4 per Cents.,
41 to 43 ; Russian 5 per Cents., 96 to 98 ; ditto
4i per Cents., 8G to 88 ; Spanish New Deferred,
19 to 19i ; ditto 3 per Cents., 381 to 391 ; ditto
Certificates, 5i to 6 ; ditto Passive, 4a to 4/.
The Railway Share Market has been good, and
there is more business doing. Great Northern
shares are not higher, nor is there any quotable
rise in the North-Western, but Midland, South-
Western, and Aberdeen have improved. The
foreign lines are mostly nominal, but East India
Extension are up in consequence of the rumour
that the guarantee.is to be increased to 5 per cent.
The Foreign and Colonial Mining Shares are
neglected, the Banks are rather better as regards
the Union of Australia, and the Peninsular and
Oriental Steam are firm.

BRITISH FUNDS THIS DAY.-CLOSING PRICES.

(Prom the Oficial List.)
Business done
V1;1:flit Stock 2lO 8
T, Per Cent. Reduced Annuities.... .........
;" Per Cent. Consols Annuities 93 / 2i
"J 31 3 A
—,... 3 per Cont. Annuities
Long Annuities, Expire sth Jan., 1860 -10
Ditto 30 Years, Expire 10th Oct., 1859 4i
Ditto 30 Years, Expire sth Jan., 1860 4 9-16
India Stock
Consols for Account, 10th January
Exchequer Bills, 21d.
21000
.„,
2500 3 6 p
Small 3 6 p
P.f[chequer Bonds 1858, 3,1. per Cent. 991 a
Ditto
1859, 11
- PRICE OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent 9B
New Bra.zilianßonds, 1829 & 39, 5 per Cent. 97
Mexican 3 per Cent.
Peruvian Bonds, 4A per Cent. 684
BPanish Bonds, 3 per Cent 391 3-8 i
-Ditto New Deferred, 3 por Cent l9i 19
turiciah scrip 6 per cent —
. Ditto for the Account
Dividends on the above payable in London.
Dutch Exchange, 2A per Cent. 12 Gull
: Ditto 4 Der uent. tdertifie.ates ...
THREE O'CLOCK.
Consols
• Ditto, January Account