The Sun.
London, England, 1856-09-11 00:00:00

MONEY MARKET

AND
COMMERCIIAL INTELLIGENCa

CITY, Two o'CLooK.

The Liverpool Cotton Market yesterday closed
firmly, at the full rates of last week. The sales
were estimated at 10,00) bales, comprising 2,000 for
export, and 1,000 on speculation. The sales in-
clude, in addition to American, 100 Pernam and
Maranham, ad. to 7d. ; 20 Bahia 6id. ; 100
Egyptian, ad. to 7d. ; 1,000 Surats, 41d. to sga.;
and 60 Sea Islands, ls. to 2s. 2d. per lb. The
Railway Share Market was steady, and prices
slightly advanced.

Accounts from the provincial grain markets in
Franco report a further decline in wheat where
they are well supplied, and an upward tendency
where the parcels brought for sale are not sufficient
to meet the demand. At Rennes the fall is H. 50c.
per hectolitre ; while at Saint-Lo sales are active,
with an advance of 2f. 21c. per ditto. At Toulouse
wheat fell 50c., but maintained its price ; and at
Lyons wheat declined the same, while flour rose
If. per sack. At Chalons-sur-Heine no variation
took place in the quotations of the previous week.

The Directors of the Northern of France rail-
way company have issued a circular relative to the
disappearance of their cashier, and his defalcations.
After a careful examination they have ascertained
that the account with the bank has not been
tampered with, but that 5,747 shares had been
abstracted, which was effected by false entries be-
tween the two cashiers. The company have taken
measures to continue the business of the treasury
without any interruption, so that the depositaries
of shares will, not suffer. In the meantime
the matter is undergoing a judicial investiga-
tion. The number of shares abstracted being
6,747 of 500 f. mai, would amount to 2,873,500 f.,
but, as they have doubled their value in the mar-
ket, the loss of course is greater. They are now
quoted at 997 f. 50c.

The Australi an mails, per Sardinian, will, it is
expected, be dE :livered this afternoon.
At the adjou rued special meeting of the National
Discount Comp any, held to-day, the various amend-
ments in the rt: des and regulations of the company
were confirmed..

A special mei sting of the proprietors of the Bank
of England will be held on the 17th inst., for the
election of a dii .ector in the room of Mr. Prescott,
deceased.

The half.yea sly meeting of the North British
Railway Comp my was held to-day ; Mr. Hodgson
in the chair. The report was favourable, and
showed a surpl us enabling the directors to recom-
mend a modera to dividend on the ordinary stock of
the company. ' The total receipts for the half-year
were 124,599/. After paying 5 per cent, on the
guaranteed stoc' k, the board recommended a divi-
dend at the rate, of 2i per cent. per annum on the
ordinary stock. The report wv s adopted.
Rumours wei 13 freely circulated yesterday after-

noon to the et rect that the Bank of England's
minimum rate of discount would be advanced
per cent. to-day. The directors, however, have
separated, after a very short meeting, without
adopting any such measure, showing that,
however unsett led the public mind may be
with regard to monetary affairs, they are not
yet so unfavoui able to call for a more restrictive
policy on the part of the Threadneedle-street autho-
rities. At the di Lte of the last Bank return the re-
serve of notes v ras 6,063,7201., and unless, there.
fore, a serious d iminution took place this week,
it was unlikely that an increase in the terms
of discount would be made, especially as the stock
of bullion is believed to hare remained without
material alteration. The arrivals of gold keep
pace with the exports, and while these are
balanced no s ensible decline in the metallic
deposits of this national establishment need
be apprehendeii. The demand for money
continues brisk ; and although the Directors
have made no alteration to-day, many are of
opinion that an advance cannot be much lon-
ger delayed. The next two weekly returns
will be awaited with a considerable degree
of interest, since they will show whether there
is just cause for anticipating a speedy enhancement
in the official value of discount accommodation.

Owing to the uneasy feeling created by the ex-

pression of discouraging opinions as to the aspect
of the money market, the English Funds experi-
enced a drop of nearly per cent. yesterday, but
owing to the result of the Bank Meeting there
has been a slight tendency to recovery this morn-

in. Consols, however, are still low. For money
they have been 93i to 94} and 94! ; and for
account 941 :Ind 941 1. Exchequer Bills are
15s. to 17s. premium, and India Bonds 13s. to
17s. premium. A special transfer of the New
Threes has been effected at 94g.
A lower range of prices prevails in the Foreign
Market, and the transactions have bean numerous.
Turkish 6 per Cents. have been 1021 and since
103, while the 4 per Cents. are 1031. Spanish
Threes are 44}, the New Deferred 25, and the
Passive 6:. Russian 41 per Cents. have been 98,
and Dutch 4 per Cents. 99. Mexican have receded
to 221. Peruvian 4i per Cents. are 80, ditto 3
per Cents. 57i, and Grenada New Active 22i
The following are the nominal prices of Foreign
Stocks : Grenada Deferred Bonds, 71 to 8 ;
Mexican, 221 to 224- ; Peruvian, 80 to 82 ; ditto
3 per Cents., 58 to 59 ; Portuguese 4 per Cents.,
45i to 46i ; Russian 5 per Cents., 103 to 110 ;
ditto 41 per Cents., 98 to 100 ; Spanish 3 per
Cents., 44i to 45 ; ditto New Deferred, 25 25k;
ditto Passive, 6 7.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1856.
Great Western
North-Western

1855.
£29,415
65,417

South-Western

18-,723

17,500

Brighton
Midland
Eolith-Eastern —.

19,154
32,393
26,379

17,965
31,023
26,365

Caledonian
Great Northern
__ . ..

13,729
23,117

12,062
22,029

Lancashire and Yarksbire
London Gen. Omnibus Company
Manchester, Sheffield, and Lincoln
Bristol and Exeter

26,102
10,729
10,389
7,48 E

22,599

Chester and Holyhead
Ea Lancashire
North British

North London

North Stafford

Oxford, Worcester, and Wolverh.
Edinburgh and Glasgow ......
Glasgow and South-Western
Grand Trunk of Canada
Great Western of Canada

7,115
7,438
5,487

2,503

7,204

4,035
6,227
7,510
5,416
9,716

9,253
7,363

6,793
6,655
5,094

2,278

7,027

4,125
5,524
6,691
5,256
7,1E5

Railway Shares are to 1 per cent. lower, with
one or two exceptions, including Caledonian aid
Eastern Counties, which are firm. The Foreign
and Colonial participate in the general decline.
Rigas are 18a prem.

London and County and Unity Bank Shares are
firmer.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Frei th 4 Oficial List.
rtrninr...• Ann,
3 per Cent. Consols Annuities q4i 31 44
New 3 per Cont. Annuities
Lone' Annuities, expire sth Jan. 186O_
Ditto 30 Years, expire sth Jen., 1860 3 3-1 G
India Bonds, £lOO4l
Ditto, under £lOOO l3 17 p
Consols (or Account
Consol Scrip 24 p
• Exchequer tills, .44d.
£l000
£560 l7 p
Small

PRICEg OF FOREIGN FUNDS AT ONE O'CLOCK.
Grenada New Active, 21 per Cent.
MeN:ean 3 per Cent
Ditto Account
Peruvian Bonds 4i per Cent
Ditto Account
Ditto 3 per Cent. 57.
Russian Bonds, 1522, £ St., 5 per Cent —
Ditto 41 per Cent.

'knish gosids, 3 per Cent
Ditto New Deferred, 3 per Cent.
Ditto Account
Ditto Passive
Turkish Bonds, G par cent
Ditto Account lO2l 3
Ditto Guaranteed, 4 per Cent.
Ditto Account
'Venezuela Bonds, 4.j per Cent
Ditto Account
tHvi,lenia on the above payable in London.
Dutch Exclmge, 2j per Cent., 12 Guilders
Ditto 4 per Ceut. Certificates
TWO O'CLOCK.

Consols, money 941
DitteAcconnt
9AI