The Sun.
London, England, 1856-01-15 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
with less heaviness, though still well supplied.
Compared with Friday's rates, prices of all kinds
Were much the same. The sales were estimated
at 8,000 bales, consistingof 150 Pernam and Maran-
barn, at 6id. to 61d.; 50 Bahia, fid. to 60. ; 300
4Yptian, sid. to 7d. ; 1,000 Surats, 3id. to 4d.;
and 200 Sea Islands, Sid. to 2s. 2d. per lb. The
Railway Share Market was quiet, and a few trans-
actions were reported.
The latest advices from New York state that the
Cotton trade was in a more active condi-
tion than for some days previously. The market
for breadstuffs was also firmer, and in some in-
stances an advance in the price of flour was obtain-
able. Some large sales of wheat are reported, and
several extensive shipments of grain to Liverpool,
Cork, and some of the continental ports, were,
being made. There was a fair quantity of
rice offered for sale, and the market had
'become quieter. In the sugar market,
the stocks to the Ist instant amounted
to 5,936 hogsheads and 10,788 boxes, which
Was a decrease in the former but an increase
in the latter, as compared with the same .date in
1855. The Money Market had become very strin-
gent, and the effect upon stocks had of course been
unfavourable. The exports of specie during the
week ending the 29th ultimo, were to the ex-
tent of 364,798 dollars, making the total
for the year to that date 27,539,141 dollars.
The latest City banks' returns presented
some important changes, which were considered to
be of a discouraging character. The mercantile
classes were busily engaged in perusing and pre-
Paring the usual annual circulars, and it was gene-
!alb' admitted that the past twelvemonths had
been favourable to most branches of business. The
agricultural interest had been especially prosperous ;
and, although there has been a good deal of dis-
turbance in financial and monetary affairs, yet the
caution which has generally been observed pre-
vented the occurrence of many large and important
failures. •

Commercial intelligence from Norway shows
that the inland and coasting trade of that kingdom
is increasing in a remarkable degree, and that the
introduction of railway transit into the interior
II" opened up many resources which otherwise
Would have lain dormant. The principles of free
trade are gradually being introduced by the govern-
/Rent, and a • system of commercial reciprocity es-
tablished with the neighbouring kingdom of Den-
mark. A royal ordonnance has just been promul-
Arated authorising all Danish vessels of 15 tons and
'llPwards to enter into the coasting trade between
the Ports of Norway, during the period that Nor-
Wegian vessels possess the same privileges accorded
to them by the government of Denmark. The suc-
cess also of the railway constructed by English
contractors, from Christiania towards the Swedish
frontier, has caused the authorities= to take the
'natter into their serious consideration of extend-
lig the line to Stockholm, and thereby unite the
capitals of these two Scandinavian States.
Notwithstanding what has been said relative to
the conference on the Sound Dues being indefini-
tixely postponed, reliable intelligence from Copen-
hagen states confidently that it will take place on
the 20th inst. Meantime, it is not certain what
course the Russian delegate Yongoborski will pur-
sue ; and it is doubtful whether he will take any
particular steps in the matter, for it is generally
understood that he is employed upon a more im-
Portant diplomatic mission than the one in ques-
tion.

The Bureau Veritas for 1856, or Fl ench Lloyd's
Register of Shipping, has just been issued, and
contains the usual extensive amount of informa-
tion. Resident surveyors at London and Liver-
pool have been appointed, and. the usefulness of
the Work is consequently increased. It contains a
elassification of 34,000 Foreign and British owned
Teasels, and other valuable particulars of the ut-
%lost importance to those interested in shipping.
An improved feeling has been exhibited in the
Xnglish Stock Market to-day, and the prices have
risen fully per cent. This movement has been
Produced by the payment of the dividends and
the easier condition of the money market, but there
le a disposition in some quarters to entertain the
idea that further negotiations for peace will soon
made known, which likewise strengthens the
quotations. Consols for money have been 864
but they are now about 88} to g. For account the
quotations have been 864 4 and 86/ 4. The New
3 per Cents. are 86i to 87k, and the Reduced
8641. Exchequer Bills are Gs. to 35., and India
Bonds 74. discount.
In the Foreign Stock Market the business trans-
acted has been chiefly in Turkish Securities, upon
which the rate of " continuation" is rather heavy.
The 6 per Cents. have risen 4 per cent., being 814,
although early in the day they had ruled at 80a
and 81. The New Scrip is dull at 41 to 44 dis-
count. Venezuela Active Bonds are 254 to 26#,
and the Deferred 11. Sardinian Bonds are marked ,
82, and Mexican 194. Brazilian 5 per Cents. 994,
and ditto New Deferred 98. Dutch 4 per Cents.
are flat at 944.
The following are the nominal prices of Foreign
Stooks:—Grenada Deferred Bonds, 64 7 ; Mexican,
194 • Peruvian, 73 5 ; ditto 3 per Cents., 51 3;
Portuguese 4 per Cents., 45 7 ; Russian 5 per
Cents., 95 7 ; ditto 44 per Cents., 87; Spanish
3 per Cents., 381 39 ; ditto Deferred, 214 4 ; ditto
Certificates, 44 ; ditto Passive, 64 7.
The settlement of the Railway Share account is
progressing steadily, and the variations in price
• mainly influenced thereby. Very few dealings
have taken place in foreign and colonial under-
takings.

Mining and Banking Shares are exceedingly
quiet.

BRITISH FUNDS THIS DAY.-CLOSING PRICES.

f From the Oficial Litt.

RiFones done.
3 per Cent. Rodueri B6A 3
per Cent Console Annuities
New 3 per rent. Annuities
Long Annuities, expire sth Jan. 1860
Ditto 30 Years, expire sth April, 1835 l6l
India Bonds, XlOOO
Ditto, under £lOOO
Consols for Account
Exchequer 13111 e, 2d.
P.lOOO
Ditto Bonds' 1858, 31 per Cent.. —
Ditto under £lOOO 96/ 7
PRICES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cent.
Ditto New, 5 per Cent., 1829 and 1839 9B
litexie.an 3 per Cent.
Russian Bonds, 5 per Cent., 1822, £ St —
Ditto 4i per Cent
Sardinian Bonds, 5 per Cont.
Spanish Bonds, 3 per Cent
Ditto Few Deferred, 3 per Cent.
Turkish Bonds, 6 par cent
Ditto for the Account
Ditto Now Scrip, 4 per Cent.
Ditto Amount .................... .•••••••• •• • 43 $
Venezuela Bonds, 4i par Cent
Ditto Deferred, 1, per Cent.
qividende on tug above nayabie in London.
Dutch Exchange, 2. per Cent., 12 Guil.,. 63i
Ditto 4 per Cent. Certificates
THREE O'CLOCK.

~ 6 3 d

Consols
Ditto for Account Feb. 7

.. —BO II x d

TEE PEERAGE OF SIR JAMES PARKE,

The elevation to the peerage of Sir James Parke, " for
the term of his natural life, by the name, style, and title
of Baron Wensleydale, of Wensleydale, in the North
Riding of the County of York," is the first instance, at
least in modern times, of the creation of a peerage not
hereditary. It is difficult to conceive the reasons which
have induced the noble and learned lord to receive this
qualified honour. He has no sons ; and as the uniform
modern practice is to limit, in the patent, the descent of
the peerage in strict settlement " to the heirs of the body
of the first peer," the peerage which has just been con-
ferred upon him would, to all intents aid purposes,
have been a peerage " for the term of his natural life,"
without the unusual and extraordinary limitation which
his patent contains. The question which has thus been
unnecessarily raised is ens of great constitutional iin-
ertance.—Aforning Post.

EXTENSION OF FABEINGDON•STREET. - Yesterday
morning the materials of an extensive block of building
Turnmill-street, Clerkenwell, and of another in
Bowling-street, including the Horse and Groom Inn and
severs.' lay-stalls, were sold by direction of the Improve-
ment Committee of the city of London, their sites being
required for the formation of Victoria-street, leading
from Holborn-bridge to the Sessions-house, Clerkenwell.
It has been decided by the commissioners that the
thoroughfaie will be opened for public trafEc next July.