The Sun.
London, England, 1856-01-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooK.
The Liverpool Cotton Market yesterday closed
flatly at a decline of id. per lb., on fair Bowed 0.,
and all qualities of Orleans and Mobile, and 1-16 d.
on Surats, compared with last week's rates. The
sales were estimated at 7,000 bales, of which 1,000
were on speculation. The committee's quotations
for fair cotton were Sid. Bowed, 51d. Mobile, and
6d. Orleans. The Railway Share Market ruled
quiet, at a slight advance on Thursday.
The Bank of England Return issued for the
week ending the sth instant, presents some very
unfavourable features, and has excite 1 considerable
attention. The bullion shows an important de-
crease, and the notes in reserve materially declined.
The other deposits exhibit a large augmentation,
and also the Government securities.
Active Circulation.
Increase
Bullion
Decrease ...

£18,900,805
200,190
10,536,909
Rest., 283,2343,285,223
Increase
Public Deposits
Decrease
Other Deposits
Increase 245,328
Seven-Day and other Bills ............ 849,795
.
Increase .......................... 46,887
Government Securities 10,827,515
Increase
Other Securities 19,871,874
Increase 94,014
Notes unemployed 5,520,375
Decrease 443,475
Commercial advices from Buenos Ayres to the
beginning of December have come to hand, giving
a deplorable account of trade in that city and the
Brazilian States generally. In that latitude the
month of November is the commencement
Gf the summer season, when trade is brisk,
and the demand for imported merchandise
at its. greatest height. This is no longer
the case, and the merchants consider that their
ordinary Summar trade is entirely stopped. The
chief causes of this depression are the continued
Indian invasion on the southern frontier,
And the prospect of an immediate rupture be-
tween Paraguay on the one hand, and the
confederate provinces and Brazil on the other.
There) influences have completely suppressed the
;spirit of commercial enterprise, and plunged many
of the inhabitants who were important consumers
of manufactured goods into a state of indigence. At
first the effects of these actual and impending corn-
motions were only felt in the interior, but now the
capital suffers from the inactivity of trade severely,
and there is little prospect of affairs improving for
Some time to come. The amount of business done
with the interior is about the average of ordinary
seasons, but prices are quite nominal, and these
are regulated by the local markets. The arrivals
at Buenos Ayres from foreign ports are as usual,
but the cargoes they bring cannot be sold profit-
ably, and consequently the wholesale market is
overstocked. In the Money Market matters
were equally bad, and the prospect of a civil war
has depreciated the local currency. Transactions
in specie are liquidated at a great sacrifice to the
dealers, and several failures have in consequence
been recorded. To add to the depression of mer-
cantile and financial matters there is some
apprehension of a deficient harvest, on account of
the almost unprecedented succession of heavy rains.
In the export market, with the exception of wool,
there is very little produce on hand to counter-
balance the account of foreign imports. Such is
the general state of the Buenos Ayres markets, and
accounts from those of Monte Video are, if any-
thing, still more gloomy.
English Securities have ruled rather firmer,
but the transactions have not been quite so nu-
merous. It is expected that early next week the
determination of Russia with reference to the
Austrian Propositions will be made known, and
consequently there is a disposition among the
Speculators to await the result. Consols for
money have been at 851 to 86, and for
the account the latest prices are 861.
The New Three per Cents. have been 86i to 863,
and the Reduced 86 to 86k. Bank Stock brought
2051 and 207. Exchequer Bills were 6s. to 35.,
and India Bonds 7s. to 3s. discount.
Poreign Securities have remained very dull and
heavy. The Spanish Deferred have receded to
211 and 21k, and the Peruvian Four-and-a-Half
Per Cents. to 74. Dutch Two-and-a-Half per Cents.
Exchange is quoted at 63. Bargains are recorded
in Russian Five per Cents. at 95, and in the Four-
and-a-Half per Cents. at 86. Turkish Six per
Cents, are 80i to 803, and at one period were as
low as 79%
a The New Scrip is at 43 to 4i discount.
Brazilian Five per Cents. are quoted at 99,E to 99/.
Brazilian 5 per Cents. have so long been one of
the
very highest and least fluctuating stocks that
• the recent decline is difficult to be accounted for
in the face of the flourishing condition of Brazilian
finances, and the stability and well known probity
of the Government. The most probable conjecture
as to the cause is that which ascribes it to the re-
markable advantage offered to capitalists by the
Pernambuco Railway, designed to intersect the
principal sugar-producing province of Brazil, and
Offering a minimum interest of 7 per Cent. guaran-
teed by the Government, in addition to whatever
dividend may arise from the profits, which, judg-
ing from the results of the official examination of
the plans and estimates, promise to be considera-
ble. These advantages have been the inducement
Which has led the holders of Fives to realise, in
order to invest their capital in so promising an
undertaking, which has much of the character of
a well-secured loan, without the possibility of risk,
and with the favourable difference of the gearan-
. teed interest being a minimum, which may be
Considerably exceeded out of the profits of the
traffic.
The following are the nominal prices of Foreign
Stocks:—Grenada Deferred Bonds, 61 7; Mexican,
1942 ; Peruvian, 73 5 ; ditto 3 per Cents., 51 3;
Portuguese 4 per Cents., 45 7 ; Russian 5 per
Cents., 95 7 ; ditto 41 per Cents., 85 87 ;
Spanish 3 per Cents., 381 39; ditto Deferred, 211
; ditto Certificates, 4i ; ditto Passive, 61 7.
The Railway Market has ruled heavy, and
Great Northern have receded 1. In the other
lines, however, the fluctuation has not been of im-
portance. Foreign and Colonial lines have gene-
rally been the same as previously, but Paris and
Lyons are ss. cheaper.
Very little has been done in Mining Shares, but
Joint Stock Banking Shares have been supported.
Van Diemen's Land Shares have further tended
downwards.

BRITISH FUNDS THIS DAY AT ONE 0 CLOCK.
From the Official List.)

Bnfeno. done.
i
Bank Stock
3 per gent. /Indexed Annuities
86
i i i
3 per Cent Console Annuities B5 6 5 6
Now 3 per Cont. Annuities
India Bonds, £lOOO
Ditto, under £lOOO .. 3 d
Comets?or Account
E!chequer Bills, 2id.
..,
Ditto Bonds, 1858, 3i per Cent 97 i
Ditto, 1859 .. . .. 97}
PRIOR OF FOREIGN FUNDS AT ONE O'CLO' B
Brazilian Bonds, 5 per Cent. —
Ditto Small 99t i
Dutch Exchange, 2i per Cent., 12 Guilders 63
Peruvian Bonds, 41 per Ceat.
Ditto Account 74
Russian Bonds, 5 per Cent., 1822, £ St 95
Ditto 4i per Cent
Spanish Bonds, 3 per Cent
Ditto Yew Deferred, 3 per Cent.
Ditto Account
Turkish Bonds, fi par cent
Ditto for the Account
Ditto Now Scrip, 4 per Cent,
Ditto Account .............. . ...
Dividends on the above payable in London

.. d
80 793 801

TTVO O'CLOCK.

Consols
Ditto (February-). ......................... 86}
In yesterday's Listreakl—S.ardinian Bonds Si

BOARD OF TRADB, WHITEHALL, Jan. 10.—The Lords
of the Committee of Privy Council for Trade and Planta-
tions have received a despatch from her Majesty's
Cunsul at Oporto, reporting that upon the arrival of
vessels intending to enter that port off the Opurto Bar,
questions will be put to them through the telegraph at
the lighthouse at S. Joao as Fez, by the officers of the
-u'ar'i of Health, which they must answer satisfactorily,
to be admitted into the Douro ; and that to enable them
to reply to such questions, masters of vessels ought to
he furnished with " Marryat's Code of Signals," which
is the one used at the telegraph above mentioned.—
acgate.

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