The Sun.
London, England, 1856-09-18 00:00:00

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MONEY MARKBT

COMMERCIAL INTELLIGENiz.

iJITY, Two o' C;Lool.

The Liverpool Cotton Market yester3 ay closed
quietly, and all kinds are unchanged in value.
The sales were estimated at 10,000 bales, 2,000 of
which were taken for export and 1,000 on specu-
lation, comprising 160 Pernam and Maranham,
bid. to Bd. ; 200 Bahia, 6id. ; 500 Egyptian, 61d.
to Bd.; 1,000 Surat, 4id. to Did. ; and 100 Sea
Islands, 11d. to Is. 2d. per lb. Tb e Railway Share
Market closed steadily, at a slight, improvement.
Commercial advices from Berli n of the 15th inst.
mention that the present high prices of raw mate•
rials for manufacture—especially silk, wool, and
leather, not only in Prussia, I.)ut throughout the
continental markets—has beeome so considerable
that the attention of the Government has been
drawn to the subject, and they propose to sub-
mit the question to the consideration of all
the chambers of commerce,, with a view to coun-
teract its bad effects on trade, and if possible
to ascertain the causes of the rise, and that
any further increase msy be checked. The
Government has also o penekil formal negotia-
tions with Austria for obtaining the sanc-
tion of that State to allow Prussian assurance
companies to open branches of their establishments
in the Austrian domini ons, upon the same footing
as they at present enjoy in the states of Northern
Germany. A promise of this kind had been given
separately in the new treaty of commerce with the
Zollverein.

A telegraph message from Marseilles, dated yes-
terday, states that the wheat market was quiet,
and the arrivals olf grain insignificant ; also, that
the works of the line of railway being constructed
between Toulon and Marseilles were progressing
with activity.

The final instalment of 20 percent., 0r1,000,0001.,
Las now been provided on account of the Govern-
ment Loan of 5,000,000/. negotiated in May last,
and the questions now asked are, whether the Chan-
cellor of the Exchequer will be compelled to raise
the additional 2,000,0001. by an issue of Exchequer
Bills or Bonds, for which he took power last ses-
sion t And if so, when that measure will be
effected 4 According to the calculations of some
of those who take a deep interest in matters of
finance, there is an impression that this amount
will be procured as soon as possible, notwith-
standing Sir George C. Lewis's remark at the
meeting of capitalists, when the lean was tendered
for, that it would not be required until the last
quarter of the present year or the first in 1857.
Even if this sum is obtained it is thought that the
Chancellor will be somewhat embarrassed, and will
have to borrow on deficiency bills to enable him
to discharge the liabilities of the Government. The
bringing home of the troops from the Crimea, and
the adjustment of other matters connected
with the late war, have no doubt absorbed
a considerable amount more, perhaps, than
the Chancellor contemplated, but henceforth,
while the income tax remains as at present, the
revenue will probably largely exceed the expendi-
ture, so that after all ho will have sufficient funds '
to provide for all contingencies that may arise.

At the meeting of the proprietors of Bank Stock
at the establishment in Threadneedle-street, held
this day, a dividend of 411 per cent., free of income
tax, for the half-year was declared.
As was generally anticipated, the Directors of
the Bank of England made no alteration in the
minimum rate of dis count at the " parlour" meet-
ing to-day.

The success whic'ti has attended the Bank of
London has led to th formation of the National
Provincial Insurances Association. The object of
this society is to efferA every description of life and
fire assurance, and it will commence operations
tinder the most favourable auspices. The business
and influence of three established insurance com-
panies, whose united, annual incomes, from pre-
miums alone, exce ed 32,0001. per annum, and
which possess large assets. A proprietary of nearly
a thousand members, and a staff of more than eight
hundred agents are in process of being secured ; so
that with the valuable co-operation of the Bank,
which is still to be conducted on its own risk, and
with a separate direction and management, there
is every reason to believe it will be conducted—at
comparatively small working expenditure—to a
successful issue. By the above means, the vast
preliminary expenses attendant on the formation
of an assurance c ompany will be avoided—a con-
sideration of some moment. Prospectuses are
shortly to be issued.

Increased buoyancy is noticeable in the market
for the English Punds, but there is less speculation
for a rise, and it is not unlikely that the upward
Movement will receive a check before long, as many
of the Bulls will no doubt secure their profits. The
recent fluctuations in the market exhibit the
nervous state of the operators, who have
changed the character of their engagements
several times within the space of two or three
weeks, although there is really nothing in the po-
litical horizon, or in the prospects of the Money
Market to justify fluctuation. Consols for money
have risen to 911 I, and for account 94 to 95.
Exchequer Bills are 13s. to 15s. premium, and the
Bonds are 991

A very limited business has been reported in
Foreign Securities, although prices in several in-
stances have advanced about per cent., viz.,
Turkish, Russian and Dutch 4 per Cents. Portu-
guese ruled steady. Turkish 6per Cents. are 103 i I,
and the 4 per Cents. 103 Russian 4i per
Cents., 97k. Peruvian 4i per Cents., 80, and
Dutch 4 per Cents., 99k.

The following are the nominal prices of Foreign
Stocks Grenada Deferred Bonds, 71 to 71 ;
Mexican, 221 to 22i ; Peruvian, 79 to 81 ; ditto
S per Cents., 57 to 59 ; Portuguese 3 per Cents.,
45 to 46 ; Russian 5 per Cents., 108 to 110 ;
ditto 41 per Cents., 96 to 98 ; Spanish 3 per
Cents., 43 41 ; ditto Deferred, 24i 51 ; ditto
Certificates, 5i 6 ; ditto Passive, 6i 7.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1856. 1855.
Great Western - . £32,773 £28,136
North-Western
South-Western
Brighton 19,697 17,545
Midland
South-Eastern _ 25,022 25,346
Caledonian
Great Northern 22,937 21,853
Lancashire and Yorkshire
Bristol and Exeter 7,413 6,954
Chester and Holyhead
East Lancashire
Manchester, Sheffield, and Lincoln 10,555 9,800
North London
North Stafford
Oxford, Worcester, and Wolverh 4,309 4,125
Taff Vale 4,984 3,626
Edinburgh and Glasgow
Glasgow and South-Western
Northern of France
Grand Trunk of Canada
Shares of all descriptions have advanced. Rail-
ways are generally up about 105., and a large
business has been done. The dealings in the
Foreign and Colonial, however, do not increase,
and they remain without any important variation.
Rigas are I i prem.
Bank shares rule flat and mines are quiet. A
few transactions are recorded in miscellaneous
shares at previous rates.

25
20
20
50

5
5
20
10

BRITISH FUNDS THIS DAY.—CLOSING PRICES
( From the Official List:

Rosin... (lona.
3 per Cent. Consols Annuities 043 i i I
Consols :or Account
E c • iiequor Bills, 20.
21000
£560 l5 p
E---Praan
Ditto Bonds, 1858, 3A per Cent 99i a
Ditto, 1859
PRICES OF FOREIGN FUNDS THIS DAY.
Mexican 3 per Cent
Ditto Account 22i
Peruvian Bonds 4i per Cent BO x d
Ditto Account, BO
Portuguese Bonds, 5 per Cent., Con. 1811
Ditto 1853, 3 per Cent
Russian Bonds, 1822, i: St., 5 per Cent —
Ditto 4i per Cent.
raskish Bonds, 6 per cent lo3k
Ditto Account
"Ditto Guaranteed, 4 per Cent.
Ditto Account .. IC3I i
Dividends on the above payable in Lando").
Dutch Exchange, 2k per Cent., 12 Guilders
Ditto 4 per Cent. Certificates 998 k
THREE a CLOCK.
Consols, money 941 i
Dittofor AcoolLutiOct• Bmiiiiiiimate 944 i

812 a
10'
St.
St.