The Sun.
London, England, 1856-09-12 00:00:00

MONEY MARKET

AND

COYMIERCTAI

CITY, Two o'CLoon

The Liverpool Cotton Market yesterday closed
quietly, but firmly, and prices of all descriptions
were unchanged from last week's rates. The sales
were 7,000 bales, 1,000 for export, and 1,000 on
speculation—comprising 120 Pernam and Maran-
ham, 6d. to Bd. ; 260 Bahia, 6id.; 800 Egyptian,
Rd. to Sid. ; 400 Surats, 41d. to 51d. ; and 20
Sea Islands, Is. per lb. The Railway Share
Market was more active, and prices were a shade
higher than ou Wednesday.
Accounts from Lyons state that the rise in the
prices of raw silks, which has had the effect of
diminishing the number of looms at work, is creating
great distress amongst the weavers and their
families thrown out of employment. The principal
manufacturers, likewise, are obliged to refuse many
orders, which the scarcity, as well as the high prices
of silk, would prevent executing at a rate which
would leave them no profit.

The advices from New York per steamer Baltic
mention that the supply of money in that city at
the latest date was ample for all purposes, but the
demand continued active, and the local banks were
still contracting their discount operations. Specu-
lative stocks were drooping, and the Bulls were
becoming rather alarmed ; consequently, a further
retrograde movement in prices was anticipated.

Californian accounts to the 3d ult. represent
trade in San Francisco as having improved, and
the cereal crops are described as being excellent.
The gold mines were as productive as ever, and
the diggers, considering the prevalence of the dry
season, were doing well.
Intelligence from Madrid of the sth inst. con-
tains the announcement that it is very probable
the new Ministry will suppress the law of disamor-
tisation, under which a large sum has accrued to
the benefit of the National Treasury. The terms
of this law, however, continues to be executed
with vigour, and each day the director-general for
the sale of ecclesiastical lands makes his report to
Rios Rosas, and to the Minister of Finance, show-
ing that the percentage of the receipts coming to
the Government is on the increase.

The tightness of the Hamburg money market
is increasing, and the rate of discount is now from
74 to 8 per cent., with a still further tendency to
advance.

The Bank of France return for the month end-
ing yesterday is less unfavourable than was ex-
pected, notwithstanding the decline in the bullion.
The amount of bills discounted has diminished,
and the advances on public securities have not
been so heavy as in the previous month.
The ,Funds continue very heavy, and a further
decline of about ± per cent. has taken place, owing
to a renewal of speculative sales. The condition
of the money market still excites an uneasy feeling,
and as there is an impression that the rates of dis-
count will still further tend upwards dealings
for a fall predominate. Consols for money have
been 94 to 94± and 93i to 94 ; while for account
they have been 94± I and 94 1. The Unfunded
Debt is firm, viz. at 15s. to 17s. premium, and
the Bonds are 95-
Foreign Securities are without much variation,
but the quotations are generally a fraction lower
than they were yesterday. Turkish are particu-
larly heavy, the 6 per Cents. being 1021 and
the 4 per Cents. 1021. Sardinian Fives have
been 92k, Brazilian 5 per Cents. 1031, Chilian 6
per Cents. 106-t, Grenada Deferred 7, and Mexi-
can 221 I. Dutch 4 per Cents. are 98i.
The following are the nominal prices of Foreign
Stocks Grenada Deferred Bonds, 71- to 8 ;
Mexican, 22f to 22T, ; Peruvian, 80 to 82; ditto
3 per Cents., 58 to 59 ; Portuguese 3 per Cents.,
45k to 46k ; Russian 5 per Cents., 108 to 110 ;
ditto 41 per Cents., 97 to 99 ; Spanish 3 per
Cents., 44k ; ditto Deferred, 25 k ; ditto Cer-
tificates, si 6 ; ditto Passive, 64 7.
Messrs. Bell, Son, and Company report that
the market for American Securities during the
past week has been very inactive, and the prices
quotedbelow are in most instances entirely nomi-
nal.

Redeemable. Per Cent.
aited States 6 per Cents. 1867-1868...104i 105
Vatted States 6 per Cent. Bonds 186 S-104 1051

STATE SECURITIES.

Alabama 5 per Cent ... 81 83
Alabama 5 per Cent. (Sterling Binds) ... 84 86
Kentucky 6 per Cent. Bonds 1868-1372... 90
Maryland 5 per Cent. (Sterling Bonds)... ... 90 92
Massachusetts 5 per Cent. (Sterl. Bonds). ...101 103
Mississippi 6 per Cent. Pl. Bk.
Bonds lB4l-1871... 40 42
Mississippi 6 per Cent. Union Bk Bonds ... 15 16
Pennsylvania 5 per Cott. Stock
Pennsylvania 5 per Cent. Bonds 1877... 78 80
Tennesse 6 per Cent. Bonds ... 86 88
Virginia 6 per Cent. Bonds 1886... 82 83