The Sun.
London, England, 1856-09-03 00:00:00

MONEY MARKET

AND
COMMERCIAL IN"aLLIGEMP,

CITY, Two o'Clwer..
The Liverpool Cotton Market, yesterday, closed
firmly, and waY, well supplied. Prices of Americans
and Surats are yea, per lb. dearer than on Friday,
and all other ki;ids are without change. The sales
were estimated at 6,000 bales (1,000 of which were
taken for exidort, and 1,000 on speculation),
comprising 150 Pernam and Maranham, Cad. to
; 40 Bahia, 71d. ; 400 Egyptian, 6 d. ; and
500 Surat, 4id. to 5/d. per lb. The Railway
Share Market closed quietly, and prices are at a
slight decline.
Advices from Singapore, by way of Suez, have
arrived of the 19th July. The export trade con-
tinued steady, without any important movement
in the markets. In coffee prices had improved to
10t paras per picul, and shippers were waiting for
produce which would come into market in August. ;
The sugar market was likewise steady, and prices
well sustained at 64 paras for No. 1 quality, and 2
5A- ditto for Nos. 2 and 3. Other articles of ex-
port showed no material change in prices. In s
imported merchandise the stocks on hand were
becoming heavy ; large arrivals and the rates of the I
previous month were fully maintained. The de- 5
mand for English goods was limited ; and wines
from France were difficult of sale. Exchange on 11
London, at six months' sight, 4s. 11d., sovereigns
4,49 p. Freights to England were nominal at si
2,10 to 3. Si
Accounts from Hamburg, to the 30th ult., state 8911
that there has been a good deal of speculation in
the coffee market, in anticipation of a favourable
result from the approaching public sales in Holland. le
The attention of buyers has been chiefly given to 16
coffees of superior quality, of which there has been 8t
a limited supply in the market for some time past. 20
After a rather protracted voyage, the ship Kent 11
has arrived front Port Philip with 82,000 ounces of st.
gold, valued at 328,0001. She left the colony 20
about the 12th June. The letters and papers may gi
be expected in town to-morrow. St.
The Market for Public Securities has been ex. 10
ceedingly dull, and prices have remained in a
heavy state. The decline occasioned yesterday by
a few speculative sales has not been recovered.
Consols have been 94/ to 95 for money ; for 10
account, the 10th inst., they are 941., and for Oc-
tober The New Three per Cents, aro 95a 50
and the Reduced 95i Bank Stock is per fv,25
cent. better, viz., 2191 to 220. Exchequer Bills
Are 15s. p rem. 50
The following are the nominal prices of Foreign 20
tocks:—Grenada Deferred Bonds, 7 ; Mexican, st.
22 23 ; Peruvian, 80 2 ; ditto 3 per Cents., 58 60 ;
Portuguese 3 per Cents., 45i 6i ; Russian 5 per st.
Cents., 108 10 ; ditto 41 per Cents., 98 100 ; Spa-
nish 3 per Cents., 441 51 ; ditto Deferred, 25 I ; gtt•
ditto Certificates, 6 A ; ditto Passive, 6i 7.
Foreign Stocks are neglected, not more than g
three or four bargains having been recorded. 50
Turkish 6 .per Cents. have declined to 103.
Spanish Deferred are 25, and Russian 4i per Cents. St.
98f. IO

Railway Shares have been rather active, but
prices are generally a fraction lower. Great
Western, Midland, North-Western, and Brighton
have receded I to North British are steady.
Caledonian, however, have improved, being marked
52. Foreign descriptions are inanimate. Rigas,
pm. Grand Trunk of Canada and the Great
Western of Canada rule flat.
Mining. and Miscellaneous Shares rule dull.
Business on the shares of the Royal British Bank
is suspended. They are called 20 to 22. New
Discount Co.'s shares are prem.

BANISH FUNDS THIS DAY AT ONE O'CLOCK.
(From, the Official List.

FtURIIIPPI. done.
Rink Stock
8 per Cent. Reduced Annuities
8 per Cent. Console Annuities 944 5 4i 5
New 3 per Cent. Annuities
Long Annuities, expire sth Jan. 1860 —
Ditto 30 Years, expire sth April, 1885 lB 9-16 7-16
03nsols for Account
Exchequer Bilis, 20.
£IOOO
PRICES OF FOREIGN FUNDS AT ONE O'CLOCE.
Russian Bonds, 1522, £ St., 5 per Cent..,.
Ditto 4. per Cent.
SpaniEb Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent.
Tit: kith Ponds, 6 per cent
Ditto Account lO3l
Livic enis on tre above ca)able in London.
TWO O'CLOCK.
. 95.1

Cungobt, money
Ditto October Account

STOPPAGE OF THE ROYAL BRITISH
BANK.--(This Day.)

Shortly before 11 o'clock this morning it became
known that the Royal British Bank had - stopped
payments, but the event did not excite much sur-
prise since rumours of a very unfavourable charac-
ter have been circulated during the last few days
with regard to the position of the establish-
ment. The directors, it is well known, have
been struggling for months past to avert this
disaster, but every effort having failed they are at
length compelled to succumb. Yesterday the diffi-
culties of the Bank were very freely spoken of,
the shares sustained a material fall, and a large
sum of money was withdrawn by its customers.
The run continued this morning between 10 and
11, when the doors were closed, and the following
notice was posted outside :

" The business of this Bank is suspended, pend-
ing negotiations."
The Bank, which was established on the Scotch
principle, commenced business in 1849, and up to
the present time it cannot be said to have held a
high position among the similar institutions of the
Metropolis. It is believed that its affairs have
been mismanaged, and that during the last few
days negotiations have been pending with another
Joint stock company for the purchase of its business;
but nothing definite has yet resulted. The capi-
tal of the company, is 300,0001., but only one-half,
or 501. per 1001., has been paid up; consequently the
shareholders will have to provide the remaining
60/. per share, or as much of that amount
as may be required. At the last meeting,
which took place on the 15th ult., the accounts
were not approved of by all present, but a vote of
confidence was ultimately passed. The Chairman
then said "he did not think it right to state what
was the amount of bad debts, or what had been
lost by advances." If this information had been fur-
nished, there can be no doubt the failure would
have almost immediately ensued. Joint-stock in-
stitutions, it would appear, since the above event,
the failure of the Tipperary Bank and several small
country banks, are not more secure than private
establishments.