The Sun.
London, England, 1856-10-06 00:00:00

COMMERCIAL INTELLIGENCE.

RAIL Ik7A 4ro„

CITY, Two Wet°, 'is
The Liverpool Cotton Market on Saturday closed
with much animation, and prices of American de-
50
scriptions were a shade dearer. The sales amounted
to 10,000 bales, 1,000 of which were taken by "I
the exporters, and 3,000 by the speculators, corn- 27
prising GUO Egyptian, at 6W. to t*l ; 2,000 Surat, 42,
41d. to sd. ; and GO Sea Islands, ls. to is. 9d. per tE
lb. The Railway Share Market closed quietly, and
prices of the leading stocks were rather easier than :t.
on Friday. 50
Accounts from Leipsic state that the autumn fair 50
which commenced on the 20th ult. had attracted a 2020
larger attendance of foreigners than in former 10
years. A number of Turks and merchants from 1510-/
the Danubian principalities were present, and 25
their purchases of winter goods had been numerous. St.(
There was an absence, however, of several of the St.)
American purchasers who usually attended. st.
Commercial advices from Paris state that the 2356
raising of the rate of discount by the Bank of
,st:
France bad produced much activity in all branches t
of trade. The retailers, however, are still reserved st 10
.
in their pUrchases, and restrict themselves to sup. 10
plying their immediate wants. At the same time
there is every appearance of a vigorous trade being 10
done this season. The manufacturers have received
3t
st
few orders from the provinces, but the foreign
agents, now at Paris, have given large commissions F
to the principal houses. The present high rates of
exchange are much felt by the manufacturers, vs it
diminishes their profits.
Thisiis particularly the case amongst the woollen
and silk manufacturers, who have also to pay high
rates of wages in consequence of the dearness of
provisions. The prices of woollen fabrics have
not altered, but the increasir.Ag demand for inter-
mediate qualities is expecte,:t to advance the quo-
tations of that class of goods. In silks no further
rise has taken place in the price of the raw mate-
rial, although it is said to be getting scarce in the
markets of the Drome and Ardeche. The want of
0 will, however, checks any upward movement.
Many large speculators who had made purchases
at the lowest rates many months ago are no
iy
realising their profits, but without pressing sales.
The New York accounts, received by the Arabia,
report an active demand for money, but no pressure 5
seems to have been experienced. At the same
time the opinion is expressed that a period of Ot
At greater stringency is not far distant. In October 50
an immense amount of capital has to be employed 20
in commerce. The importations continued on an st.
extensive scale, and the movement of the crops :;9
would ere long augment the demand for money. st.
The last weekly return of the City Banks showed an increase of $135,659 in the loans and discounts, st:
and a decrease of $10,702 in the specie. it.
A. further advance in the minimum rate of dia. 25
count at the Bank of England ! 25
50 The authorities at the Bank of England are evi- St.
dently much perplexed at the present condition of St.
the money market. Last Wednesday their terms
'were increased from 4i to 5 per cent., and to-day Is
it is announced that the rates are now 6 per cent.
for bills having 65 days to run, and 7 per cent. for to
those of longer date. This gives evidence of a very 10
discouraging state of things, and there can be no g•
doubt that it would have been far better had the
.:
rate been raised last week at once to 5i or 6 per st,
cent. These frequent changes create uneasiness, 10
if sot alarm, and tend to increase rather than allay
4..
the crisis against which they are directed. It St.
may be, mentioned that the measure adopted k this morning was quite unexpected, and 20
it consequently had a marked effect on 2';
the Stock Market. Although the demand for dis-
counts at the Bank of England, during the last
two or three days, has not been excessive, large St amounts of bullion have been withdrawn on Con- 2;
tinental account. There seems a very unsettled
feeling with regard to the future, and the present 5(
stringency is expected to continue for some time to 2'
1;
come. The effect of the enhanced terms upon
trade will, of course, be prejudicial, but the coun-
try being in a prosperous eat° less inconvenience
is likely to arise than would otherwise be the ease. I
The Stock Market has, of course, been agitated 2
by the further alteration of the rate of discount.
Consols opened steadily at about 92g for money _
and the Bth inst., but they soon afterwards dropped
to 914 1, when the measure of the Bank of Eng-
land was announced. They are now depressed at
about 911 for money, and 91.1 for November.
Exchequer Bills have receded to 10s., is., and ss.
premium ; and the Bonds are 99i.
Business in the Foreign Market has been almost
suspended, prices having been affected to some
extent by the decline in the value of Consols.
Turkish 6 per Cents, have declined to 981 994, and
the 4 per Cents., 100 to 1001, being a decline of
about Ito 4 per cent. Brazilian 5 per Cents. are
1001 ; and ditto Rothschilds', 1001. Chilian 3 per
Cents, realise 71. Russian 44 per Cents. are 96i,
and the Small Bonds 97. Sardinian are 91i ;
Spanish 3 per Cents. brought 424, and Dutch 4 per
Cent. Certificates, 951.
The following are the nominal prices of Foreign
Stocks :—Mexican, 221 to 221 ; Spanish 3 per
Cents., 42 43 ; ditto Deferred, 24/ 244 g.
In the Railway Share Market a good business
has been done, although prices have sympathised
with the fall in the English Securities. Caledonian,
Lancashire and Yorkshire, Brighton, South-
Western, Midland, Norfolk, North Eastern Ber-
wick, and South Eastern declined 10s. to 15s. The
other lines were also rather lower. The Foreign
and Colonial lines were also in moderate request,
at a slight reduction on previous rates.
Joint Stock Bank Shares aro neglected, and
prices are quite nominal. Ottoman Bank are 71.
In the Miscellaneous Market very little business
has been transacted, generally at lower quotations.

4k 4,

8 8.

17 -
14 -
12 -

91
-
54 - 61,
- 16'

9i
15i 16,
33 so
23 25 1

- -5
80 - 82
51i - 52
32 :

8 - 8.
924 93,
79 - 81
123 125
113 115
644 65
60 65

70 - 74
-- 61
54 64
954 • 96

• -..'

[O4 1 ,
-- 105
101 i -- 102
par ;
par

Onl
- 104

32 -

1 -

761 - FT;
- 49

.. .......

- 14

•••

47 49
3i sr
36i 37.

.111 . ..

794 - 80,E
54 5 a
34 3
174
55 56
94 98

51 - Bi
6§ - 7
10 - 11
26 - 28

05 - 107
26 - 2-1
77 79
46 - 48
1

4. It
69i - 70
78 - 80
5 - 3
2 -
15 - 17
36 - 38

.• .'m. •••

• •••

18 - 19
5 - 54
23 - 25
6i - '4

6 - 8
2 - 4
5 - 54

''.. •• •

7 - 9

7 - 7i
2i - 21

4 - lip

i - I

. ...
id ..... par

... --" •,

1 -
34i - 35
11 .

21i - 22,
11
211 - 21

-
1

22 - 22
11/j - 12

77 82
4i - 5
21 -- 21*
- 4
- 41 p
*
221 - 73
1* --
99 -- 101
110 • 115
110 -- 115

4f -

P"
8i - 91

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List:
3 per Cent. Consols Annuities ii Ra
2igi p
n. done.
India Bonds, £lOOO ......... 9
Ditto, under £lOOO
13p a
p
Consols k.r Account
Exchequer Bills, 2id. 921 la
111230
6p p
5 P
£lOOO ................ .. 7 .2500
Small .... 7
....... ... •
Ditto Bonds, ...1858, 31 per Cent. 994
Ditto, 1859
..... . ......... .....
PRICES OF FORRIGN FUNDS AT ONE
Brazilian Bonds, O'CLO(;E.
5 per Cent. ............... . 100 ')Ditto 5 per Cent. (Rothschild's)
Chiliau Bonds, 6 per Cent,,,,,,,,,,,,,
Ditto 3 per Cent
Russian Bonds, 1822, 2 St., 5 Cent —
DiDitto 4:! per Cent. ......Per......... 961
tto Small ................................. ... 97
Sardinian Bowie, 5 per Cent. . .............. 91f
SpDitto Account ............ ... ..... 89
Danish Bowie, 3 per Cent ... ................ .
itto Account ..........................I
Tlrhieh Bon(ig, 6 per cent .......................... .. P
Ditto Acco ant , ..... 1
Ditto Guaranteed, 4 per Cent. . . 934 81............ Ditto Account ...................... .. ........ ICC/I 100
Dlvieeula on the above payable lo Lonaoa.
Dutch Exchange, 221 per Cen.;., 12 Guilders
Ditto 4 per Cent. Certificates

191 204
I lip
}d fir)
i 1

8i -
20* -
374 -
83 -
50g ,--
50 - •

I par

19 - 20
i - li
11 - 11
9f -9/
li - 21

.... - pm

94i :
351 -
1 -

iii 1-- ioi

TWO O'CLOCK.
Consols, money 9l f
bitto Account 91
Ditto, November account 9l

_ -
L one to the circular of if. A rlos Dufour, of
silk yons, the late extraordinary advance in the price of
bay cause., a complete stoppage of transactions.
Governor Darlino', of Newfoundland, will be the suc-
cessor at Jamaica
of Sir Henry Barkly, appointed
Governor of Victoria.
Mr. T. B, Burnham (professor at the London Uri
°erßitY), of the Norfolk Circuit, and recorder of Ledford,
`8 appointed a police magistrate in the metropolitan
district, in the room of Mr. G. A. A'Beckett.
THE DEANERY OF WESTMINSTER.—The Rev, Richard
Clievenix Trench, M.A.,Rector of Itchiu Stoke, with
Abbotston, Hants, has een appointed to the deanery of
Westminster, rendered vacant by the decease of the
Rev. Dr. Buckland.
") Small failure occurred on Friday, but was not men-
", the friends of the hou,e having announced late
In the afternoon that arrangements bad been made to
meet
nueeet every engagement ou Saturday morning, and to
and
co business as usual. The film was that of T.
H. G. Gray and Co., colonial brokers, chiefly in the
rice trade, and it now appears that the stoppage is per.
raanecf, and that the estate may probably go into bank-
r_ut'tcY4 The total liabilities of every kind, it is said, ars
`nILY 28,000 e., and the div. expected is 108. in the pound.

ONEY MARKE MARKXTS.
'4` 1S DAY-0
AND

Cloning Price+
Saturday.