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

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'OLoc&.

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, consisting of 150 Pernam and Maran-
ham, at 60. to 61d.; 50 Bahia, 6d. to 60. ; 300
Egyptian, sid. to 7d. ; 1,000 Surats, 3kd. to 4d.;
and 200 Sea Islands, 90. 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-
rally 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 front Norway shows
that the inland and coasting trade of that kingdom
1s increasing in a remarkable degree, and that the
Introduction of railway transit into the interior
has opened up many resources which otherwise
would have lain dormant. The principles of free
trade are gradually being introduced by the govern-
Ment, and a system of commercial reciprocity es-
tablished with the neighbouring kingdom of Den-
mark. A royal ordonuance has just been promul-
gated authorising all Danish vessels of 15 tons and
upwards to enter into the coa;?lng 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
matter into their serious consideration of extend-
-I'g 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-
tively 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 Teritas for 1856, or French 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
classification of 34,000 Foreign and British owned
'vessels, and other valuable particulars of the ut-
111°et importance to those interested in shipping.
An improved feeling has been exhibited in the
zinglish 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
la a disposition in some quarters to entertain the
'dee that further negotiations for peace will soon
be made known, which likewise strengthens the
quotations. Cunsols for money have been 861 1,
but they are now about 861 to 11. For account the
quotations have been 86 and 861 The New
3 per Cents. are 86 to 87i, and the Reduced
86i 4. Exchequer Bills are Gs. to 35., and India
Bonds 7s. 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 81/,
although early in the day they had ruled at 801
and 81. The New Scrip is dull at 41 to 4i dis-
count. Venezuela Active Bonds are 25/ to 26k,
and the Deferred 11. Sardinian Bonds are marked
821 and Mexican 19k. Brazilian 5 per Cents. 99i,
and ditto New Deferred 98. Dutch 4 per Cents.
are flat at 941.
The following are the nominal prices of Foreign
*tocka:—Grenada Deferred Bonds, 6t 7; Mexican,
19 ; Peruvian, 73 5 ; ditto 3 per Cents., 51 3;
Portuguese 4 per Cents., 45 7 ; Russian 5 per
Cents., 95 7 ; ditto 4i per Cents., 87 ; Spanish
3 Per Cents., 38/ 39; ditto Deferred, 21i ; ditto
Certificates, 4i ; ditto Passive, 61 7.
The settlement of the Railway Share account is
Progressing steadily, and the variations in price
aiuly influenced thereby. Very few dealings
bare taken place in foreign and colonial under-
takings.
Mining and Banking Shares are exceedingly
Quiet.

Irina FUNDS TlilS DAY AT ON:f, v CLOCK.
prom the Official List.

- Boon., done.
3 Per Cent. Red iced Annuities
3 861 i i 1
der Cent Console Annuities
Long
3 per Cent. Annuities .
Annuities, expire sth Jan. 1860... 31
Ditto 30 Years, expire sth April, 1885 l6l
India Bonds, I:1000
~, Ditto, under £lOOO
'4onanisZor Account
Exchequer Bills, 21d.
elooo .
.Ditto Bonds, 1858, 31 per Cent —
Ditto under £lOOO 96i
41tIOR OF FOREIGN FUNDS AT ONK O'CLOS K.
Brazilian Bonds, 5 per Cent.
R Ditto N
3ow, 5 pnt.er Cent., 1829 and 1839 93
191
a ird.ean per Ce .
inian Bonds, 5 per Cent.
Torlool Bonds, 6 per cent Boi i
Ditto for the Account Bli 80i 11
Ditto New Scrip 4 per Cent.
Ditto Account '
4t $
ve
nezuela Bolds, 41 per Cent ..:....• 26i Si
Ditto Deferred, 11 per Cent. •
.... rklvtdenet. on trip aboveeivabirt, t.onioe
Dutch Exchange, 21 per Cent., 12 Gnil —
Ditte 4 per Cent. Certificates 9l}
TWO O'CLOCK.

Conaols
Ditto (February),,,.

86 sellers

niE 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 I.Tensleyd tie, 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. Ile has no sons ; and as the uniform
tuedern practice is to limit, in the plant, the descent of
the peerage in strict settlement " to the heirs of the body
()f the first peer," the peerage which has just been con-
ferred upon him woual, to all intents 8,,,r1 purposes,
have been a peerage " for the term of his natural life,"
without the unusual and extraordinary limitation which
„Ilis patent contains. The question which has thus been
'fluecessarily raised is one of great constitutional
Portaece.— *Morning Post.

trrENSION OF FARRINGDON STREET. Yesterday
•• °rning the materials of an extensive block of building
Turninill-street, Clerken well, and of another in
''lling-street including the Horse and Groom Inn and
41,:yeeral lay-stalls, were sold by direction of the Improve-
" Committee of the city of London, their sites being
iegnired for the forssat'on of Victoria-street, leading
Ilolborn-bridge to the Sessions-house, Clerkenwell.
tia(uas been decided by the cornmi,sioners that the
roustifare will be opened for public trae, pezt July.