The Sun.
London, England, 1856-12-02 00:00:00

TORKgY AND THE ALLI.BS

e' Dori'.
The Ost Deutsche Post, after laying
---40.--.
down the prix
'
ciple that the Porte, which, in its full indepeedeec-12
eluded tie convention with Austria, is the
power Y'l-fit
ihists to determine whether the presence of the treoP9 ;
„t„edallies appears to it to be still desirablel)4sCi,
.' . 8 to state that the Turkish government bas inti•oo•7„
to .be French cabinet, that if it wishes to obtaie t'',,,
evacuation of the Black Sea and the Principalities l't
the Austrians and the English, it should enter into direcaa
etheegotiation with those two powers. In its note ta Franca
Turkish minister says •
"The Sultan's government has no • e for recluirifeg
frome the two powers, which it'isi,t monottileve coniplete -11--;
tecrution of the treaty of March 30, the evacuation 0f4.t0-s
rt:)rY tbR-37 occupy, with the view of ins the "...1„
execution. It aanewleil ea that it stands on the same
line as FraLce and England relative to the interPr°ll.;
tion of the stipuiatiena of peace. But in asking that
the three allied powers should come to a direct tll/..-: t
of
fanding with each other, it thinks that ,it gives a P:ls
aweigts.cenfidence in the loyalty and friendship °I
qulenstioti f bat
question one as to the opportuneness 0 ~,t
nhsanmaonner the Ottoman cabinet has left the
tereuces. It is on this question more particularlY -.d
Aali Pacha and Rechicbid Pacha are at issue• itedsc,l3%te.
wishes for no conference until Russia shall have the
cuted the treaty in all its pointy. Aali Paella sees in this
conferences the most appropriate plans for attaining:os
object. The note, which is an answer to Franc
i° a
estion
also the signature of Fuad Pacha, and.it is coucea, Ito
form that in no sense prejudices the qu 01
conferences.
A t the
ROYAL INSTITUTION OF GREAT BRITAIg.--"Z"ii 0
general monthly meeting, held yesterday, Mr' "ijaill
Pole, M.A., F.R.S., Treaserer and Vice-President,
the chair, Mr. Charles Freshfield, Mr. James Pli°rfoar.;
and Mr. James Plaisted Wilde, hi. 1., Q.c., were I
elected members ; and the Right Ilon.
M.P., was admitted a member of the Roy
'foe secretary reported that the following arraege°3 ......
had been made for the lectures before Easter, 1857 ji.,
Six lectures on Attraction (adapted to a juY°l',le 1c
tore), by Mr. Alichael Faraday, DC L F 13.•°•P - "
• • •,fi 1.,, , r s on
Full,r. . ian Professor of Chetnietry, NJ. ; " '`'ewli e ..jelit lee'
Physiole '.
~y' and Comparative Anatomy—viz --'. tlO
tures on Sensation and Motion, and four lecture IT
by Mr. Thomas genre
Principles of Natural HistorY,
iluxley, P.M , Fullerian Frofessor of P 1337 siologY
Tyndall, 5e.141,
R.I. ;11 lectures'Sound, b VI '
on y 1 h '''
Tohn T and ...
F. it -• alllines:irtduvi.teleijoot:.
-.5., Professor of Natural Philosophy, R.-. ;. a
,•gr. Job
l-c, - k ...
'---LlCadiag Que,AiOliti in Geology, by
Phillips? F,8,5,

• 71 7,7 Tri
Ln,

f~~~ ~~ . F~~.

Ir'TZLLIGEN‘..;

CITY, Two o'OLo

In the Liverpool Cotton Market yesterday there
was a steady business transacted, without any alte-
ration in prices. The sales amounted to 7,000
bales, 5,000 of which were taken by the exporters.
The Railway Share Market exhibited a firm ap-
pearance.

The progress of trade in Manchester during the
past month is thus reviewed by Messrs. M'Nair,
Greonbow, and Irving :--
"As will hare been apprehended no animation has
characterised this market since the date of our last
monthly circular, in consequence of the stringency con-
nected with money matters and the high prim nece,
Barfly requiring to be paid for discounts, as at the period
in question was intimated. A further necessity having
been imposed upon the Bank of England to prevent the
efilex of bullion from this cauntry, that institution on the
13th, with ocher restrictive aecompaninients, limited the
discount of bills not having more than 90 days to run
to 7 per cent. ; and excluded those of a longer date,—a
proceeding which of course had the necessary effect of
restricting operations, and of inducing increased caution
on the part of buyers gentrally to operste. The cense-
quences of these influential measures have not had the
effect which, in other times and under different circum.
stances, they might have produced. They came upon
this market when• it was in a very healthy state,
and when the docks of staple pr •cinctinns were
unusually sinali with the great hulk of' producers
heavily under contract. Had it been otherwise
the • consequence of such measures would have
proved highly injurious. The stability of the trade of
this, as well as of that, in almost every other manufac
turing district, has been able to bear the burden neces-
Itrily imposed-:.—and to resist trots its soundness the
e'naequetices which accompanied the commercial con-
vulsion which attended the year of 1847, when distrust
and the absence of confidence were everywhere present.
The valuable feature of the present time is that of secu-
rity and stability supported upon a basis cf solidity in
all the mercantile operations of thesday. No speculative
Movements, so far as this market is concerned, can be
noticed ; and legitimate transactions are the geeernine
Principle. November is proverbially au inactive month,—
a matter which may be named in ext-nnatinn of dimi-
nished transactions. Those in the present one wii;, how-
ever, greatly exceed those calculated upon, and justify
the poeitien of the market, as already pointed to. An
important feature, as connected with this market, arises,
from that of teotton, which has sustained the value of
that artiale during the month with remediable firmness,
Considering the preAsure of the money market. Trans
attune during the month have very slightly exceeded
those required by spinners for consumption, and for
the best consuunieg qualities prices have cc =reply
declined ; hut ter the ordinary and the middling
qualities of Arneriean the decline has been to the
l
extent of id (-1 .to . per lb. Considerable irregu-
arity in prices here has' lately prey:died ; and so they
continue. Cuteracts still continue in farce for both
goods and yarn., with undiminished fineness on the part
of those who possess them. Some descriptions have
declined, whilst others remain firm." •

The general money market remains without any
ehange.of importance, but the demand is tempo-
raPiy increased by the liabilities having to be dis-
charged next Thursday. Still there is no pressure,
and at current quotations the supply is abundant
for all purposes. The best descriptions of paper are
negotiated. at 6/ per cent., but for good com-
raercial bills the Bank minimum is generally
slcacted by the bill brokers. While the
13allk Directors continue to support their
flotations at seven per cent., it is not to be sup-
Posed that capitalists will consent to lower rates
except for long-dated paper, which, owing to the
Probability of a sensible decline in the value of
accommodation before it arrives at maturity,
is comparatively easy of negotiation. As the
cireutnstancea which have induced the Bank
authorities to continue their restrictions, when it is
iMagined a reduction might with safety have
been made, are not known to the public,
it is impossible to form any accurate opinion with
regard to the precise period when a decline in the
minimum can be expected. It is not generally
supposed that it will take place next _Thursday,
although a good deal of anxiety will no doubt be
felt to ascertain the result of the usual parlour
Meeting.
As usual at this period Messrs. Letts and Son
have issued their Diaries for the New Year. These
Publications, which are to be found in almost every
counting-house, are, if possible, more complete
than hitherto.
Public securities are rather flatter than they
Were during official hours yesterday, a decline of
i
having occurrdd. This weakness is wholly to
"e ascribed to the settlement of the monthly ac-
„"lint, 'which now absorbs chief attention. the
market
on these occasions is always rather variable.
"1"
the commencement of business the quotations
were
about the same as at the close yesterday
(afteri hours), but they subsequently became lower.
Now again there is more firmness, and the market
„
'PPears strong. Consolshave been 94i I, 94 to I,
,t/114 941 for money and Thursday. The January
Vs has been about 94i 93. Exchequer Bills
');° Maintained at 4z. to 7s. premium,- and India
°°ds are 2... premium. The New Three per
illts• are 93i 1, and the Reduced 92i 93k.
ank Stock is 216 L
T'lthe Foreign Market is almost neglected.
tilkiSh 6 per Cents. have been dealt in at 94 I,
6" the 4 per Cents. at 10.1 i 102. Spanish 3 per
0:°44. are marked 43, and Dutch per Cents.
u. These are the culv securities iu which bar-
have been officially recorded.
"'l4 the Railway Share Market this morning a
I:Aerate amount of business has been transacted,
Nltl prices have ruled not quite so buoyant. Great
orthern, Great Western, Lancashire and York-
' shire, North Western, South Western, North
4.llBtern, Berwick, and South Wales were slightly
Pressed ; the French lines, however, exhibited
a
marked improvement, and Great Central of
• h,rancc, Northern of France, and Paris and Lyons
-0:70 advanced about 10s. to 15s. The Canadian,
set Indian, and Belgian lines ruled steady. Joint
°clc 'Bank and Miscellaneous Shares all rule
'the firmer.
4t The following are the nominal prices of Foreign
:--Grenada Deferred Bonds, 6i 7 ;
r) 22 ; Peruvian 41 per Cents., 76 8 ; ditto
per Cents., 54 6 ; Portuguese 3 per Cents.,
44 6 .
, Russian 5 per Cents., 106 8 ; ditto 4 per
its., 94 6; Spanish 3 per Cents., 421 f ; ditto
ditto ,ew Deferred, 23h 24; ditto Certificates, 5 I ;
Passive, 6

SII FUNDS THIS DAY.—CLOSING PRICES.
( from the Offietal List.)

"e‘h • •
, "11. • demi,
ink Stock .
2E6
I$ Via k,ent. Reducad Annuitieo•
twat Cent. Consols Annaitieb
lets 3 par " .4 h
ent. Annuities
931 11 i 1
Loag Annuities, expire sth Jan. 1860 2 13-16
Dltto 3t, Year, expire sth April, 188518
.
In,ii, 'Ponds, .
..... . .
.......
(o: A (tem=
..................... : ... :
Consols
Bxelicqter Bills, 2ie.
• £lOOO , _
.................... 7 4 P
:500 .......................................... 7 4 p
.Iroall • .
........ 7 4
Ditto Bonds, IESB, 36 per Cent..... 983/4 p.....
. s. itto, 1E59 .. ..................... 984 A:
PRICES OF FOREIGN FUNDS TFIIS DAY.
4eßican 3 per Cent
1, Ditto Account 22i
pertivisat Bonds 4? per Cent • 77
°llll7.nese Bonds, 5 per Cent., Con: 1841 -_Ditto 1853, 3 per Cent . •45
a tto Account .... . 453/4
gar
Holog, ;per Cent. •
13 r•
.- h RO:.dv, 3 per Cent .. ..
,iitto Account • ••• . l3
ltt® r,, New Deferred, 3. per Cent. ~ .
".4to Account ...... ••••• 24 1
: Oitte Passive , :,,i
Tttll!Bt, committee flert.of f',oup. not futl. 51
bl4h Bonds, 6 per ce2t
Ditto
Account
,tto r.,
101 i 2 1
r". Guaranteed, 4 ter Cent.
',to Account .. ......
b.teh obi +, e,,c th
Aan e s!-.nre oavable in
.
1)an...J., 24, per Cen.;., 12 Guilders 66
Itto Account '

THREE O'CLOCK,
Litt 1/4. on 94 t
0 (Decem"
be) r 4) '

, INN,. •
Vm, ,740118 ATTEIPT TO RUIN A BANE —Last week
til,",:"" BririAton i'xamineo a vitiations attemnt was
11 ' li; t 2 Cause a " ran" upon the County Pink. The in-
-1:011,t. h'"9, whOever le is, put anonymous letters into the
state-,,'''''el4, addressed to various individuals, containing
bani,"„snts calculated to throw discredit on the above
41,47-- -uhe bar our of a "run" might have seriously
d —nvernencede not the bank, but a great number of
melepleitors
and 4thes who do business at the bank. But
man,
4/44 , "ler instantly took measures to show that he
hal I,,:f.a.°Y to- ►~ee/at once any " run, ' and confidence
444 e tlettec
ter th--4, toed,reat A. reward of 1001. has been offered
nA the evil-minded person who wrote
Put the anonymous letters in the postboxes.

St.
25

200.
2(4
100
100
100
100

10:
30
106
:7•