The Sun.
London, England, 1856-07-18 00:00:00

MONEY MARKET

COMMERCIAL INTELLIGENCE.

CITY, Two o'Utot).

The Liverp9ol Cotton Market yesterday closed
steadily, with a good business doing. The sales
were estimated at 9,000 bales, 3,500 of which were
taken for export. The Railway Share Market
closed quietly, at a slight improvement in prices.
Last evening the third series of colonial wool
sales this year commenced ; and, judging from the
first auction, they are likely to proceed with much
heaviness. Already the prices realised are id. to
lid. per lb. lower than those current at the close
of the last sales, and the withdrawal of about
10,000 bales from the quantity advertised for dis-
posal has been announced. The immense arrivals
of the article from Australia, and the. dulness of
the continental markets, have necessarily occasioned
a decline in prices, and many are of opinion that
a further reduction will take place before the close
of the present sales.

Advices from the French wool-markets report a
quiet state of trade, with no further disposition on
the' part of wool-growers to stand out for high
Prices. In all the markets where they have con-
sented to take lower prices than the opening of the
present season indicated, sales have been effected
with facility. The rates of Metis-merino wools
at Paris is as follows :—ln grease, lf. 10c. to
If. 30c. per half-kilogramme ; Champagne and
Burgundy washed wools, from 2f. 30c. to 3f. In
general the wools brought to market this year are
considered superior to what they were last season.
At Soissons some important transactions have
taken place. One house has bought a very large
quantity of fine washed wool, at from 2 to 4 per
cent, advance on the prices of 1855 ; but other
houses, which have regularly come into this market
for many years past, dealt with the wool-growers
at the usual rates, or at lower prices than were
quoted at the commencement of this season. There
is not so great a demand for wools in grease as
there is for fine washed wools ; and many of the
growers have hand-washed much of the stocks of
grease-wool before bringing it to market.
The Colonial Produce Markets this week have
been quiet, but the quotations have generally been
supported. Sugar has been scarcely so firm ; but
coffee has maintained recent prices. Rice, cocoa,
and saltpetre, have not attracted much attention.
Spices have ruled cheaper, and tallow has advanced.
The indigo sales terminated yesterday, and their
Progress is thus reviewed by Messrs. H. W. Jewes-
bury and Co.
"Within the short space of barely eight days the above
named large quantity has passed sale, but without much
satisfaction to either buyers or sellers. The general
feeling until a short time before the sale was that prices
ere likely to rule 3d. to 4d. per lb. under May rates,
but a telegraphic message being received, which stated
that much injury had been done to the new crop by
heavy rain, opinions changed, and parcels of Indigo
were in request at May prices. Importers acting upon
the news received became firm in their demands, and
the sale opened by the first parcel being bought in
above May rates, additional support being given by
withdrawing large parcels, and thereby establishing May
P,riCes. This course was generally adopted throughout
the sale where there was no disposition to pay the
rates demanded ; the result has been that only a
small quantity sold compared with former July
sales. Orders were evidently very limited both
for export and home use, many of the home
trade having in many instances their May pur-
chases still on hand, and some a part of their February
lots also. The letters from Calcutta delivered this
morning do not confirm the intelligence before reported
to the extent represented ; cold rainy ungenial weather
had been experienced, which had destroyed a portion of
the young crop, where the lands were low, and there
ware indications that the periodical rains had set in
earlier than usual, which, should they be heavy, would
much diminish the out-turn in lower Bengal ; this news
had no effect in the room, and the sale closed at previous
Prices. Of the quantity brought forward, it is esti-
mated that 3,080 chests have been bought in, 8,464
withdrawn, and 3,999 sold, to which may be aided
about 380 of the bought in and withdrawn, making the
total quantity sold about 4,400 chests, of which 3,500
are estimated for export, and 900 for home use and re-
sale."

In addition to the receipts of specie noticed
yesterday, the following have since been an-
nounced :-8,000/., per J. 11. Cole, from Mel-
bourne ; 209,
the West Indile3sl., p©r Tyne, from the Pacific and
A flatter tone is apparent in the English Stock
Market, owing partly to the unsettled state of the.
Weather. The dealings, both for money and ac-
!count, are very limited, and the market, there-
"-ore, is in a dull state. Consols have been 95i
New
954 for transfer, and 951 I for account. The
'"_evi" Threes have been 961 to 97, and the Reduced
351
to 96. Bank Stock has risen to 21i. Ex-
Chequer Bills are 235. to 245., the Bonds 100 L and
India Bonds 21s. to 265. premium.
Per Foreign Securities there seems very little
inquiry, and prices rather tend downwards.
Turkish 6 per Cents. have been 1041 -a and 104,
While the 4 per Cents. are at nominal rates.
Spanish Threes are 431 441, and the New Deferred
r 2 to 23k. Sardinian Bonds have remained at
Mexican are 23, and Dutch 2i per Cents.
imillailway Shares are flat, and rather fluctuating.
"-ue East Anglian, Edinburgh, Perth, and Dundee,
and Lancashire and Yorkshire are higher ; but
Caledonian, Great Western, and a few others are
Somewhat cheaper. The Foreign and Colonial are
quiet but firm, except Rigas, which have not yet
recovered. Ceylons, Bengals, and Caleuttas are
flat. Euphrates are 4 premium.
Banking Shares are dull, at previous rates.
Messrs. D. Bell, Son, and Co. report no parti-
cular change in the market for American Securities.
The following are the quotations :

Redeemable. Per Cent.
gaited States 6 per Cents. 1867-1868...103 104
united States 6 per Cent. Bonds 1863...103 104
STATE SECURITIES.
Alabama 5 per Cott ... 80
Alabama 5 per Cent. (Sterling Bonds) •• • 83
Kentucky 6 per Cent. Bonds 1868-1872... 83 90
Maryland 5 per Cent. (Sterling Bonds)... ... 88 90
Massachusetts 5 per Cent. (Sterl. Bonds). ...100 102
sissippi 6 per Cent. Pl. Bk.
Bonds lB4l-1871... 40 42
Mississippi 6 per Cent. Union Bk Bonds ... 15 16
Pennsylvania 5 per Cent. Stock
Pennsylvania. 5 per Cent. Bonds .... .. - 1877... 80 82
South Carolina 5 per Cent. Bonds
(Defines) 1858-1868... 94 93
South Carolina 5 per Cent. Bonds
(Palmer's) 1866... 87 89
Tennesse 6 per Cent. Bonds ... 86 88
'Virginis. 6 per Cent. Bonds 1886... 83 84
LOANS OF CITIES.
&sten 5 per Cent. Bonds (Divers) ... 823/4 833/4
Montreal 6 per Cent. Bonds 1856-1865... 83 85
Pittsburgh 6 per Cent. Stock 1869-1883... 65 67
RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 82 84
Illinois Central 6 per Cent 1875... 78 80
Illinois Central 7 per Cent. Freeland
Bonds 1860... 88 89
Michigan Central Bp. Cent., Convert 1860... 96 98
Do. do. do. 1869... 98 100
New York Central 7p. Cent., Convert 1864... 95 97
New York Central 6 per Cent., not
Convertible 1883... 82 84
New York and Erie 7 per Cent. Ist Mort.
gage 1867... 98 100
New York and Erie 7 per Cent. 3d Mort.
gage 1883... 89 90
N. York and Erie 7p. Cent. Convertible 1862... 82 84
N. York and Erie 7 per Cent. Sinking
Fund 1875... 87 88
Panama Sterling Bonds
Pennsylvania Central 6p. Cent., Ist Mort 1880... 91 92

Sig
4t.
St.

BRITISH FUNDS THIS DAY.-CLOSING PRICES.

( Prom the Officiai List. fi

Basun.. done,
rank Stock
a per cent. Reduced Annuities..~..
3 per Cent. Console Annuities osi 1 1
tie,' 3 per Cent. Annuities
L'3ng Annuities, expire sth Jan. 1860... 3 5.16
India Stock
lnds• tielijdfi, Wain ••• '
Ditto, tinder 21000....
Consols !or Account ....
/Exchequer Bills, ',,id.
ZlOOO ...."
400 2O 24 p
'uell
. ..
Ditto Bonds, 1858,3 i per Cent. lOOl I
PRICES OF FOREIGN FUNDS THIS DAY.
Mexican 3 per Cent . 23
Ditto Account 23 i
Peruvian Bonds 41 per Cent -
Ditto 3 per Cent --1
Ditto Account
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 4 per Cent
. bitto Account - 49
Ditto ex all over due Coupons
Russian Bonds, 1822, I', St., 5 per Cent ll2i
Sardinian Bout:, 5 per Cent. ....= ..... •"'
it. Ditto Account
op.nist Bowls, 3 per Cent ,
OrDitto Account 4li 334 4i
Ditto New Deferred, 3 per Cent.
,4` Ditto Account'
Torkieh Bond, 6 per cent
•
Ditto Account b• . lloot i 4
Ditto Small
_Ditto Guaranteed, 4 per Cult.
xenexuela Bonds, 4t per Cent
Ditto Account . . 3l
..nvic en is o, the Shove 7,syeble in London.
Dutch Exchange, 2A per Cent., 12 Guilders
it, Ditto 4 per Cent. Certificates
Peruvian Dollar Bonds, 4i per Cent.
Consols
THREE O'CLOCK.
95i i
• Ditto Account (Aug. 7.) 951 i x d

26 21 p
95i i