The Sun.
London, England, 1856-10-29 00:00:00

MON E Y MARKET

kNI,

PO DIIYIERCIAL INTELLIGENCI,,,,

CITY, Two o'CLoov
The Liverpool Cotton Market yesterday closed
quietly, and prices of all kinds were well maintain-
ed.. The sales were estimated at 7,000 bales, of
which 1,000 were taken for export and 1,500 on
speculation. The Railway Share Market closed
Monday, at a slight decline on the current rates of

The accoxnts from Paris contain the official table
e*l.t the average prices of wheat throughout France
IP to this week, which exhibit a general decline
all the markets during the month of October.
The average prices of wheat at the same period in
September was 30f. 38c. per hectolitre, and this
111°1411 it is not more than 29f. 550-, showing a fall
of 83 centimes. This feebleness in the price of
Wheat is considered unusual at this period of the
Year' when an npward tendency is generally expe-
h4"d• The farmers being busy at other work
dijirrt d very little grain to the markets, which
n,„ ,T 8 des the supply, and consequently there is
Cer -1114 Y a rise in prices during the months of Octo-
and November. This year, however, the re-
Igillar course of the markets has been disturbed by
unforeseen causes, and the downward movement
bas not yet terminated. The exceptions to the
teneral state of the markets are in the midland
districts, but the chief is at Marseilles, where the
,ve. rage price of wheat is 33f. 27c. per hectolitre,
"leg a rise of if. 57c. on the average quotations
of the previous month. This firmness at Marseilles
appears the more extraordinary as the imports
"ere very considerable during the month of Au-
net last; but it is accounted for by the bad har-
rest in the midland departments.
ti The demand for discount accommodation con-
very active, and the minimum rates fixed
the Bank of England directors are main-
vrithdvrith firmness. As the 6th proximo
approaches the inquiry will no doubt increase,
bScause parties anticipating augmented pres-
"tire will be making provision for the large
mass of mercantile bills which then fall due. The
.'
Lsting high rates for discounts, it is feared, may
/et be productive of much mischief among the
commercial community, as their profits must be
_curtailed, however active the Board of Trade
returns
may represent the general com-
merce of the country. Yesterday afternoon an
old rumour, affecting the credit of a large
contracting firm, which appears to have good foun-
dation, was revived. The parties in question are
FOx,Lenderson, and Co., and their liabilities are
expected to be very heavy. It was at first thought
that they would be enabled to extricate themselves
frera their difficulties, and on this account nearly
all the morning journals abstained from pub-
lishing the names, although the subject was spoken
of unreservedly throughout yesterday afternoon.
The event has produced an unpleasant feeling, al-
though it occasioned no surprise, and it is feared
that other houses may be similarly situated before
long. When money is so dear as at present it ge-
nerally leads to such disasters, because house,
which may have experienced previous embarrass-
ment find increased difficulty in procuring the
accessary accommodation to perform their engage-
%lents.

According to the telegraphic message the rate of
eeliange at Shanghai on London has advanced to
~,
6d.
This, if true, is unfavourable ; but it is
generally supposed on the Stock Exchange to be
incorrect. At Canton the quotation is reported
at a slight decline.
In speculative securities the dealings have been
'NT limited, but the market has been maintained
With tolerable firmness. Very little dealing, either
realorspeculative, is transacted, and the altera-
ti6—°llB in prices are not very frequent. Consols have
b-;e11, 921 k, and 024 for money and the 6th
;;°l'rec- For December the quotation is about
)74 The New 3 per Cents. are 911 the
educed 91k 11, and the Thirty Years' Annuities
1885) 171 to 18. Exchequer Bills are 2s. to Gs.
Pretnium. Bank Stock is 213.
The Foreign Market is dull, the dealings re-
"rded being mostly in connection with the settle-
ment. Turkish 6 per Cents. are 891 ; Spanish
Referred, 231 ; Sardinian, 891 ; and Peruvian 64
per Cents., 761 1.
The following are the nominal prices of Foreign
84)elcs :—Grenada Deferred Bonds, 61 7f ; Mexi-
e."ll) 21# ; Peruvian 41 per Cents., 75 ; ditto
43 Per Cents., 54 6 ; Portuguese 3 per Cents.,
5 ; Russian 5 per Cents., 106 8 ; ditto 4 per
•k"ets.) 95 7 ; Spanish 3 per Cents., 411 ; ditto
'''eferred, 23 24; ditto Certificates, 51 I; ditto
l'assive, 61
This being " making up day " in the share
Market the business has not been extensive, the
Principal dealers having been engaged in the ne-
;_esearY arrangements for the settlement. Prices
have shown but little change. North Western and
Midland however, however, show a slight improvement.
Canadian and French lines are also in an im-
proved demand at an advance in value.
Joint-Stock Bank shares are dull and prices un-
altered. Miscellaneous shares are rather active,
but no material improvement can be reported.
BRITI

.SH FUNDS THTS DAY VP n o'CLOCS.
( From the Offlctca List.)
gA3sineps done.
n
sank Stock . ........ . ............................ 21
3 per Cent. Reduced Annuities .
......... 2A 91
... .. . . .
8 per Cent. Consols Annuities ...... New 3 per omit. Annuities
......... 911
Long Annuities, expire sth Jan. 1860_ ,
IDitto 30 Years, expire sth April, 1.885... 18 17
sdi, Bonds, i.,.....
........... 2 p
CDitto, under £lOOO ......................... 2 p
onsols .'or Account .............................. 921 A 1
Eacheqner 9111 e, 21d
100 e............................... 2 p
?RIMS OF
.................
.. .............. 36 p
FOREIGN FUNDS AT GNP PCJI,O
rernvian Bonds 4i per Cent ..... ... 7(
Russian Bondi, -

'64 i

,onds, 182, £ St., 5 per Cea **
**
**
Ditto 42 per Cent ........................... 96
BArdinian Bonds, per Cent. .......... ..... 89/
SpAnisl Bonds, 3 per Cerit .
... ..............
.. _
Ditto New Deferred, 3 per Cent. ...... 23a
Turkieh Bonds, 6 per cent ..
~ .
..
............t 4
89 Ditto account, November 14
........ , 89
DI-01(len Is V '
.1' ~ above r,, able in r,ondoi„.
Dtxteli Exchange, 2 per Cenl.;., 12 Guilders
Ditto 4 per Cent. Certificates ..... ....... 95

Consols TWO O'CLOCK.
money
Ditto, account, December 921

gaDtor r. Kane, the distinguished American Arctic navi-
, had interviews yesterday with the Lords of the
Admiralty ; alsq with Captain Washington, the bead of
the Hydro
dial) Department, by
graphical whom he was cor-
y received. We regret to learn that Dr. Kane is
in very indifferent health, consequent on his exertions
and exposure in his expeditions in search of the late Sir
John Franklin.
RUSSIA.--Le Nord of Monday Says:—"To-morrow we
shall publish a ukase brought us by the Rian providing for the free entry into Russia,uss journ
with a few ex-
ceptions,
of all foreign
merchants and traders. The
numerous formalities, amounting often to prohibitives,
Which foreigners have hitherto been required to surmount
before penetrating the empire, are well known. For the
future the Russian legations upon the continent will have
nothing to do but to follow out this ukase, Passports to all who ask for them, unless they be people
of doubtful morality." and grant
MADAME TURRAIJD'S EXHIBITION.—A. very elegant
figure of the Mistress of the Robes, Her Grace the
Duchess of Sutherland, has just been completed and
Placed behind Her Majesty in the group which repre-
eczte her youthful family and the chief ministers of her
, coil and court. The Duchess is represented in a
sPlecaltl profusely decorated with gold, net,
and • brocade
the filicZes. The likeness is considered excellent and
1., natural and life-like.