The Sun.
London, England, 1856-09-29 00:00:00

MONEY MARKET

AND

C IYrii ER r. IAL ITMLLI G EN.

CITY) Two
The Liverpool Cotton Market on Saturday closed
with a firm aspect, but without any change in
prices from those current on Friday. The sales
were 12,000 bales, 2,000 of which were taken for
export, and 3,500 on speculation ; comprising 90
Pernam and Marauham, at 71d. ; 100 Bahia, at
Std. ; 400 Egyptian, at 6/d. to 71d. ; 1,500 Surat,
at 4id. to sd. per lb. The Railway Share Market
was firm, with but little business doing.
Advices from the silk markets on the continent
report no actual change in the prices of the raw
material, but from the disinclination on the part
of manufacturers to purchase, at their present
high rates, beyond what their necessities require,
the prices aro almost nominal, and present a down•
ward tendency. At Avignon, in France, Ist
quality of threads was quoted at 109 to 110 per
kilogramme, and unspun silk 86 to 94 fr. At
Valencia there was no alteration in prices, but
sellers were demanding, with great tenacity, the
advanced quotations. The lant market at Aubenas
was very quiet, and a few ba).es of Italian silk were
disposed of at 100 to 108 fr. per kilo.
At Zurich the manufacturers were buying a
little more freely, and had watched with anxiety
the changes in the market at the close of
the last month. Meanwhile the accounts
from Italy state that a reaction in the
state of the markets had commenced at Turin
on the 20th inst. It is the general opinion there
that the scarcity of sills will, to a certain extent,
prevent any decline prices, but the diminished
supply of money, car.sed by the restrictive measures
of the banks, woul.d tend to reduce the high prices.
Added to this, letters have been received from
America announcing the sale of silks in that mar-
ket much below their value, and the advices from
other market's stating that the manufacturers have
stopped wor'k, while the orders were daily diminish-
ing. These circumstances have influenced the
merchants, and they have agreed to lower their
prices fr om sf. to 10f. per kilo. on the rates of the
previo, is month.

Lafzer intelligence has been received from Ame-
rica, per steamer Persia, which has arrived with
abut 312,719/. in specie. The Money Market at
Nem York was rather easier, the banks having
Evade a slight pause in their restrictive policy. No
change is reported in the general state of trade,
and the imports continued much in excess of the
exports. During the week ending the 12th inst.
the shipments of merchandise, including specie,
were valued at 3,472,8771.

On Saturday Mr. Harding, of the firm of Har-
ding and Pullein, accountants, was appointed
npecial manager of the affairs of the Royal British
Bank, under the Winding-up Act.
There is an active demand for money in all
directions, and a general impression prevails that
the Bank rate of discount will be raised next
Thursday. On the Continent the pressure is very
severe, and great inconvenience is felt among the
mercantile community, and fear is expressed that
money will become still tighter and trade more de-
pressed, but at the same time there appears to be
much unnecessary alarm as to the future course of
affairs.

p There is a fluctuating market for the English
11 utr-ls, and symptoms of much feebleness are exhi-

bited. After the commencement of business there

St.
50
4s.
St.