The Sun.
London, England, 1856-05-23 00:00:00

DT° wEY -71 A R

AND

COMMEECIAL INTELLIGENCE.

CITY. Two o'CLoch

The Liverpool Cotton Market yesterday con-
tinued heavy, and prices of all kinds were steady,
excepting Americans under Gd., which declined
1-16th to id. per lb., since Friday last. The sales
were estimated at 7,000 bales, including 5,250
American, 500 for export and 1,000 on speculation,
290 Pernam and Maranham, Gad. to Id. ; 230
Bahia, bid. to 60. ; 50 Egyptian, 6id. ; and
1,200 Surat, 4d. to sd. per lb.

The Colonial Produce Markets this week have
been quiet but steady. For Sugar there has been
rather a limited inquiry, but previous prices have
in most cases been fairly maintained. Coffee has
been dull, and prices have rather tended down-
wards. At the public sales of Tea full prices have
been obtained, but the biddings have not been
animated. Rice has been rather cheaper, and
Spices are also lower. Saltpetre has slightly de-
clined, and Tallow has attracted a fair amount of
attention at previous rates. The Indigo sales ter-
minated on Wednesday at the previous decline of
3d. to 6d. per lb. on Bengal, Madras, and Kurpah.
The Wool auctions are proceeding with less ani-
Illation, and the quotations are rather flatter.
The arrivals of this staple from Australia and the
Cape have considerably augmented the supply,
and it is expected that at the next July sales a
larger quantity than usual will be offered.

Letters from Constantinople of the 12th inst. state
that an important industrial project has been sub-
mitted to the Government by an Anglo-French
Company, and the proposition is said to be actually
ceder examination. This company has fixed their
capital at 20,000,0001. sterling, or 500,000,000 f.,
said propose to construct a complete system of
railways, roads, (tc., throughout Turkey, so as to
bring it within tie great network o f communication
now being established in Central and Eastern
Europe. Besides this proposition there are numeous
others, among which are many for the establish-
ment of Banks, but as yet nothing certain has been
done by the Ottoman Government.

The Money Market is now comparatively easy,
the rate charged for discounting first-class paper
in Lombard-street being 51 per cent., or per
cent, below the Bank of England minimum. The
continuous arrivals of gold from Australia, and the
iirninished shipments of precious metals to Turkey,
will, no doubt, soon enable the directors of the Bank
to make a further alteration in the official terms,
and many suppose that a reduction of per cent.
Will not be delayed beyond a few weeks. Large
quantities of gold are passing almost daily into the
National Establishment in Threadneedle-street,
and a material augmentation in the item of bullion
Will no doubt soon be exhibited.

Notwithstanding the policy pursued at the meet-
ing of the Bank Directors yesterday, and the ex-
pectation of a speedy relaxation from the high
terms ruling for discounts, the Stock Market
evinces less buoyancy, and a pause has occurred
In the speculative dealing. This can only be ac-
counted for by the advance which has al-
ready occurred in prices, and the approach
of the settling day. Consols have been 931 g for
money, and 94. for June 4. The New Scrip has
been dull at 2 premium. The New Threes are
°3i 11, and the Reduced 93 to 931. March Ex-
chequer Bills are ls., discount, and the June
ditto 4s. to ls. discount.
Foreign Stocks are also dull, and somewhat
flatter. Turkish 6 per Cents. are 98a, but the 4
Per Cents, have risen viz., to 103. Spanish 3
Per Cents. are 46f, ditto Deferred 25g. Russian
Small are 95. Mexican 231. Dutch 2.h per Cents.
64 to 65, and ditto 4 per Cents. 95 to 95k, all
being firm. Buenos Ayres are heavy at 77.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 71 ; Mexi-
Cact ; Peruvian, 77 9 ; Portuguese 4 per
Cents., 50 52 ; Russian 5 per Cents., 104 6 ;
Ditto 44 per Cents., 94 96 ; Spanish 3 per Cents.,
40 G; Ditto Deferred, 231 i ; Ditto Certificates,
oi 61; Ditto Passive, 7 1.
Messrs. D. 8311, Son, and Co. describe the mar-
ket for American Securities as very quiet, with
scarcely any alteration in prices. The following
are the quotations

Redeemable. Per Cent
United States 6 per Cents. 1867-1868...104 105
United States 6 per Cent. Bonds 1868...104! 105