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

TURKEY AND THE ALLIES•

The Ost Deutsche Post, after laying down the Proall:
ciple that the Porte, which, in its full independence, :job
eluded the convention with Austria, is the power sv„o of
has to determine whether the presence of th• trournro•
its allies appears to it to be still desirable or ne,f' ,4013
tott
hh ec theAT evacuationusFtrrie
ainioncfmsh
thea nc ads
Blackbt
eti
hn eeaE, y
English,
laai
st h ,
ceeds to state that the Turkish government has int'l43iiithe
andii i it
thewishes P rintcoi p°abl it: i ..3.-i rebcit
negotiation with those two powers. In its note t 9 xi."
from the two powers,
The Sultan's government has no motive for recleiriPg
‘,
which
ins: i: should dtehnetecro lani
pt eiii:tee:otebes:
ecution of the treaty of March 30, the evacuation *f the
terrttory they occupy, with the view of irsuring
030
execution. It acknowledges that it stand* on the sane
line as Frar.ce and England relative to the interprtlat
tion of the stipulations of peace. But in ask"der-
the three allied powers should come to a direct %root
standing with each other, it think* that It gives a rf it/
of its confidence in the loyalty and friendship e
allies. ft the
In this manner the Ot.toman cabinet has le, cow
questton an open one as to the opportuneness 01': ,bot
ferencee, It is on this que,ttion more articular l'
Aali Pacha and Redscbid Pacha are at issue. Reu or
wishes for no conference until Russia shall havein
the
cuted the treaty in all its points. Aali Paella see! this
conferences theeenost appropriate plans for ttaintolf.oo
object. The note, which is an answer to Franc.elio 0,
also the signature of Fuad Pacha, and it is conelle__, the
form that in no sense prejudices the question v'
conferences.
---.----------
--At the
ROYAL INSTITUTION OF GREAT BRITAIN. woos
general monthly meeting, held yes,,erday. Mr*.dent, je M
Pole, M.A., F.R.S., Treasurer and Vice-Pres'
~ ore!'"
ac
the chair, Mr. Charles Freshfield, Mr. J"' to, JOU
and Mr. James Ptaisted Wilde, M.A., Q•Co Lv,ardwell,
elected members ; and the Right Hon. B titutioo•
M.P., was admitted a member of the Royal Ine, _ate
The secretary reported that the following arrattl!.7,,, :......
had been made for the lectures before Easter, 7:;topt
Six lectures on Attraction (adapted to a j0n.,11.,. m.•
tory), by Mr. Michael Faraday, D.C.L., .F. `!•.i.'e, on
Fullerian Professor of Chemistry, R.I. ;
PnYBiology and Comparetive Anatomy—viz , e'g_,., 'be
tures on Sensation and Motion, and tour lecture-ias liireory
Principles of Natural History, b., Mr. Tho_ub
8;1310,y,
Huxley, F.R.S., Fullerian Profe-sor of P
.1,Y,,,Vq,,
R.I. ; 11 lectures on Sourly, by Mr. John TYnd
."..„, 10
ILI. , ''"
F.R.S., Professor of Natural Philosophy, ~r soba
lectures on Leading Questione in Geology, by Nip
Phillips, F.R.S. 12 lecr .
bt
fro.
•

RONEY MARKET

COMA

r_NTTELLAGEN,

OfT?, Two s;Cto,:h,.

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,
Greenhow, and Irving :

" As will have been apprehended no animation has
characterised this market since the date of our last
monthly circular, in consequence of the stringency con•
booted with money matters and the high prices nece,-
aarily 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
efflux of bullion from this country, that institution on the
13th, with ocher restrictive accompaniments, limited the
discount of bills not having more than 90 days to run
to 7 per cent ; and exclu.led those of a longer date,—a
proceeding which of course had the necessary effect of
restricting operations, and of inducing increased caution
en the part of buyers generally to opeNte. The c,nse-
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• stocks of staple pr ductions were
heavily
malt with the great hulk of producers
"eavily under contract. Had it been otherwise
the consequence of such meaeires would have
Proved highly injurious. The stability of the trade • f
this, as well as of that, in almost every other manulae
uring 'district, has been able to bear the burden nec•-s-
-,ullY imposed—and to resist from its soundness the
"sequences which accompanied the commercial con-
vulsion which attended the year of 1847, when distrust
The
the absei,ce of confidence were everywhere present.
I:he valuable feature of the present time is that of secu-
rity and stability, supported upon a basis of solidity in
all
the mercantile operations of the day. No speculative
movements, so far as this market is concerned, can be
noticed ; and legltimate transactions are the governing
Principle. Noteem her is proverbially an inactive month,—
a matter which may be named in ext• nnation of dimi-
nished transactions. Those in the nresent one will, how-
ever, greatly exceed those calculated upon, and justify
the position of the market, already pointed to. An
14leertant feature, as connected with this market, arises
from that of cotton, which has sustained the value of
that article during the month with remarkable firmness,
considering the pressure of the money market. Trans-
actions durinc, the month have very slightly exceeded
those required by spinners for consumption, and for
the best consuming qualities prices have sc.rcely
declined ; but for the ordinary and the middling
qualities of American the decline has been to the
Iltent of 4d. to ;id. per lb. Considerable irregu-
arity in prices here has lately prevailed ; and so they
continue. Contracts still continue in force for both
oOOd g and yarns, with undiminished firmness on the part
f those who possess them. Some descriptions have
declined, whilst others remain firm."
e_The general money market remains without any
'adage of importance, but the demand is tempo-
rajilY increased by the liabilities having to be dis-
(2"arged next Thursday. Still there is no pressure,
711 d at current quotations the supply is abundant
5.(31. all purposes. The best descriptions of paper are
negotiated at 6i per cent., but for good corn
tag
"eial bills the Bank minimum is generally
acted by the bill brokers. While the
1541114 Directors continue to support their
taotations 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
,accoramodation before it arrives at maturity,
la. comparatively easy of negotiation. As the
circumstances which have induced the Bank
Authorities to continue their restrictions, when it is
.Itoagined. 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
AUblieations, which are to be found in almost every
eounting-house, are, if possible, more complete
than hitherto.
Public securities are rather flatter than they
Were during official hours yesterday, a decline of
having occurred. This weakness is wholly to
be ascribed to the settlement of the monthly ac-
mants Which now absorbs chief attention. Ile
Atrk tike
On these occasions is always ratber variable.
Q.ommencement of business the quotations
Were
about the same as at the close yesterday
(after hours), but they subsequently became lower.
" af;ain there is more firmness, and the market
"PPearli strong. Consols have been 94g 4, 94 to
a 94i for money and Thursday. The January
kliees has been about 94./ 95. Exchequer Bills
are maintained at 4s. to 7s. premium, and India
elnlda are 2s. premium. The New Three per
a. are 93i 4, and the Reduced 921 93i.
ai* Stock is 21611.
Foreign Market is almost neglected.
Turkish 6 per Cents. have been dealt in at 95i 2,
and the 4 per Cents. at 1011 102. Spanish 3 per
are marked 43, and Dutch 24 per Cents.
'• •
These are the only securities in which bar-
gains have been officially recorded.
In the Railway Share Market this morning a
Itqerate amount of business has been transacted,
1411,4 prices have ruled not quite so buoyant. Great
Northern, Great Western, Lancashire and York-
Shire,l,. North Western, South Western, North
;48tern, Berwick, and South Wales were slightly
depressed ; the French lines, however, exhibited
a marked improvement, and Great Central of
trance, Northern of France, and Paris and Lyons
have,, advanced about 10s. to 15s. The Canadian,
S-vst Indian, and Belgian lines ruled steady. Joint
k Bank and Miscellaneous Shares all rule
rather firmer.
The following are the nominal prices of Foreign
4304 :—Grenada Deferred Bonds, 64 7 ; Mexi-
ca▪
n, 22 1; 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
Cents., 94 6; Spanish 3 per Cents., 424 2 ; ditto
New Deferred, 234 24; ditto Certificates, 5 ;
ditto passive, 6 4.

BRITIgIi FUNDS 'PHD, DAY It7' ()NB cl,(
(From the Official List.)
oosvnes, done.
Bank Stock
3 psi vent. Reduced Annuities
3 per Cent. Consols Atinnitie, o4k 4 4 I
4.17 oar 'went.. Annuities
Long Annuities, expire sth Jan. 1860 2 13-16
Ditto 30 Years, expire sth April, 1885 lB
Indic Bnnds,
...,....
2 p
Consols ,ror Account
E,,,,eqrer Rills,
k:i
7 Small
7 pp

l' MOPS OF FOREIGN FUNDS AT ONE O'CLOCK
arianit h golds, 3 per Cent
11\1”1,,, Romig, 6 per cent —
Ditto Account
D.tto Guaranteed, 4 per Cent.
Ditto Account
',I “ enos on the aboTe savable In Loneor,
Dutch Exchange, 2 per Cen:;., 12 Guilders 66

TWO O'CLOCK.
e6nsols (Mon ey)
Ditto Account
95 95i
Ditto Account (January)

k
20

INFAMOUS ATTEMPT TO RUIN A BANK. —Last week
`Nays the Brigh,ton Examiner) a villanous attempt was
blade to cause a " run" upon the County Bank. The in-
en
diary, whoever he is, put anonymous letters into the
e°st-boxes, addressed to various individuals, containing
statements calculated to throw discredit on the ,bove
1-3411 k. The bare rumour of a "run" might have seriously
iconvenienced not the bank, but a great number of
depositors and Others who do business at the bank. But
the manager instantly took measures to show that he
,14111 ready to meet at once any "run," and confidence
Zlb,een restored. A. reward of 1001 has been offered
e detec ion of the evil-minded person who wrote
-"`,,HE
Put the anonymous letters in the postboxes.
WESTERN FISHERIES.—The herring season has
commenced on the coasts of Dorsetshire and Devonshire,
va-t numbers have been taken near Dawlish and
,31111 a Regis. Immense shoals of sprats, with their
esual atten*dants, the gannet and the gull, have also
tanincgregated on several parts of the coast and have been
-aol '4l
in
myriads by the fishermen. They are now being
rills
at Lyme for agricultural purposes, as tfiehbesprat
a valuable manure for the land. The ,ries
at generally have been successful this season, particularly
Cavlish, where many large captures of mackerel have
largoell Placa. Many persons have been induced, by the
D Profits that have been realised, t) invest capital in
porohase of boats and nets.