The Sun.
London, England, 1856-01-18 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday closed
very firmly, at advanced prices, in consequence of
the favourable news respecting the war. In the
Railway Share Market there was a considerable
business done, and in many instances prices rose
upwards of 3 per cent.
Although the aggregate transactions in the Colo-
nial Produce Markets have continued of a limited
character during the week, there has been rather
more disposition to make purchases. The inquiry
for sugar has slightly increased, and former rates
have been maintained. Coffee has ruled exceed-
ingly quiet, and no alteration in prices has oc-
curred. Tea at public sales has sold slowly, and
Assam kinds declined 2d. to 3d. per lb. In Spices
the dealings have been quite of a retail character,
and Pimento is rather cheaper. Rice has been
very dull, and has receded Od. to is. per cwt.
Tallow has been steady, but quiet. Yesterday,
however, an entire change was apparent in the
markets for all the principal staples, and fuller
prices were in most cases current. Holders of
some articles declined to sell at previous quotations.
The business transacted, therefore, was exceedingly
limited, and the quotations were chiefly nominal.
If the negotiations for peace proceed satisfactorily
a very marked-alteration is expected in the condi-
tion of these markets.
Messrs. D. Bell, Son, and Co. report the market
for American Securities as still inactive. The pre-
sent quotations (for the most part nominal) are as
follows :

GOVERNMENT /SECURITIES.
Redeemable. Per Cent.
United States 6 per Cont. 1867-1865...104
United 15tates 6 per Cent. Bonds 1868...104

STATE SECURITIES.
California 7 per Cent. Bonds
Maryland 5 per Cent. (Sterling Bonds)
Massachusetts 5 per Cent. (Sterl. Bonds)
Mississippi CS per Cent. Pl. Bk.
Bonds lB4l-1871... 43 43
Mississippi 6 per Cent. Union Bk Bonds ... 16 18
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds 1877... 79 80
Virginia 5 per Cent. (Sterling Bonds) —lBBB 81.• 82i
Tirginia 6 per Cent. Bonds 1886... 86 88

1870... 78 80
. 86 88
. 96 98

CITY SECURITIES.
Topton 6 per Cent. Bonds (Divers) ... 90 N
Montreal 6 per Cent. Bonds 1856-1865... 88 85
New Orleans 6 per Cent. Stook 1883... 77 79

RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 74 7C
Illinois Central 7 per Cent. Freeland
Bonds 1860... 75 77
Michigan Central Bp. Cent. 1860... 92 94
New York Central 7p. Cent., Convert 1864... 92 91
New York Central 6 per Cant., not
79 81
Convertible
-NSW York and Erie 7 per Cent. Ist Mort-
gage 1867... 98 100
,
'I evf York and Erie 7 per Cent. 3d Mort-
gage... 1883... 81. 83
N. York and Erie 7p. Cent. Convertible-1862... 72 74
N• York and Eri© 7 per Cent. Sinking
Fund 1875... 80 81
Panama 7 per Cont., let Mortgage (Ster-
ling Bonds), not convertible 1859... 92 93*
Ditto ditto 1864... 93 95
Pennsylvania Gentral6 p. Cent.. Ist Mort 1880... 83 87
* Ex dividend.

The latest commercial advices from New York
do not record any material alteration in monetary
operations, and the market for speculative stocks
had been very inactive. There has been a decrease
In the revenue receipts in imports during the last
year of 3,709,581 dols, the totals being 38,096,888
dols. for 1854, and 34,, 387,307 dols. for the year
which has just expired. The demand for money
Continued, and though large amounts had been
disbursed in payment of dividends, it does not ap-
pear to have diminished the stringency of the dis-
count market. Local writers take rather a gloomy
vies.of the condition of the market, and consider
that some months must elapse before it will be re-
stored to even a moderately easy position. The
market for breadstuffs was rather heavy ; but some
large shipments of flour to Liverpool and London,
as well as some of the Continental ports, had been
sported.
.Amongst the items of intelligence from Victoria,
it Is satisfactory to see that the old staple product
of the colony continues to increase annually. The
quantity of wool shipped during the past year
exhibits an increase of about 30 per cent. over that
9f the previous year. This is an unusual increase,
but it must be remembered that in 1854 the pre-
valence of disease amongst the flocks, and the want
of labour which caused the stockholders to boil
down their sheep, had the effect of lessening the
export of wool. In that year ending October 10th
the quantity shipped was 11,104,130 lb., and in
the year ending September 15, the shipments
amounted to 15,231,381 lbs. weight, valued at
873,4781., showing an increase of 4,127,251 lbs. in
less than a year. This improved state of the wool
market is attributed chiefly to the abundant supply
of labour throughout the year, in consequence of
the number of labourers who, finding no occupation
in the towns, proceeded into the interior where
they found employment upon the stations.
The English Stock Market is well supported,
considering the material advance which has
taken place, but there is less excitement, and
the dealings are of a more limited character.
The quotations are occasionally affected by
active selling, but no important decline has
yet occurred, although it is considered proba-
ble that a slight reactionary movement will
goon commence. Consols for money have been
from 891 to 891. For the 7th February the prices,
after being 892 and 90, receded to 899 2, but they
have since rallied to 90k. The New 3 per Cents.
are 904 and 909. The Reduced have been active
at 89! to 901. Exchequer Bills have risen to 6s.
and Is. discount.
At the meeting of Portuguese Bondholders held
to-day the following resolution was agreed to :--
" That the agreement dated Dec. 13, 1855, be-
tween Mr. Thornton, chairman of Portuguese
Bondholders' Committee, and his Excellency Senor
Fortes, the Finance Minister of Portugal, and now
read at this meeting, be approved ; and on the
Caine being ratified by the Cortes and carried into
effect, the Committee of the Stock Exchange be
requested to give quotation to Portuguese Secu-
rities."
There has been very little activity in the Foreign
Market. Turkish Bonds are improved to 862 and
87 for account, and the New Scrip, after being 21,
has advanced to 1 discount. Spanish Three per
Cents. have risen to 3976, but the Deferred have
ruled at 22k to 22i, and the Passive at 41 to 4i.
Russian Small Bonds are 90, Mexican 20 to 20k,
and Brazilian Five per Cents. 100. Dutch Two-
and-a-Half per Cents. are 1 per cent. higher,
namely, 64 to 65, and the Four per Cents. are 96.
The following are the nominal prices of Foreign
Stocks:—Grenada Deferred Bonds, 61- 7; Mexican,
194-20 k ; Peruvian, 75 7 ; ditto 3 per Cents., 52 4 ;
Portuguese 4 per Cents., 46 8 ; Russian 5 per
Cents., 96 9 ; ditto 4-i per Cents., 86 9 ; Spanish
3 per Cents., 39.• 40 ; ditto Deferred, 22 it ; ditto
Certificates, 4-i 5 ; ditto Passive, 6
Railway Shares have been remarkably steady.
Great Northern, Lancashire and Yorkshire, North-
Eastern, Berwick, and some others have risen to
even higher quotations than yesterday. Some of
the Foreign are not quite so firm, and the Colonial
undertakings have likewise slightly given way.
Joint-Stock Bank Shares are in some cases
higher. Canada Land have risen to 137, and
Mining Shares are about the same as previously.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
( From the Ocial List. )
Elwin... done.
3 per Cent. Reduced Annuities Bl 901 89A 901
3 per Cent. Consols Annuities. ....... ~ 8981 i 1 1 90 891
New 3 per Cont. Annuities .................
India Bonds, £lOOO ........... .......... 2 d
Consols ?or Account
Exchequer Bills, lid.
,1 £lOOO
£5OO 1 6
%nen 1 5
Ditto Bonds, 1858, 3. per Cent.
Ditto, 1859 ...
PRICES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 6 per Cent. lOO
Ditto 5 per Cent. (Rothschild's)
Ditto New, 1852, 44 per Cent.
Buenos Ayres Bonds, 6 per Cent 55
Danish Bonds, 3 per Cent., 1825
Ditto 5 per Cent
Equador Bonds
Ditto New Consolidated.
Greek Bonds ... .. .
Resican 3 per Cent.
Ditto Account
Ditto Account 76 7
Ditto 3 per Cent ...- . ... ... .. . . . ...... .
Bu.ssian Bonds, 5 per Cent., ..... £
Ditto 4:i per Cent .
Ditto Small .. . ...... . ... .
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent —
Ditto Account
Ditto New Deferred, 3 per Cent.
Ditto Account ....
Spanish Committee Cert. of Coup. 13-.)t fun 4l 1 p c
Turkish Bonds, 6 per cent B6
Ditto for the Account ........................ 86r1 6 7 6i 7
Ditto Small B7
Ditto New Scrip, 4 per Cent.
• Ditto Account ll 21 1i i
Dividends on the above payable in London.
Dutch Exchange, 26 per Cent., 12 Guil 64 5
Ditto 4 per Cent. Certificates
THREE 0' CL 0 C.K.
Consols (money)
Ditto foz Account Fib. 7 • of 90 I

102,