The Sun.
London, England, 1856-01-09 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The Liverpool Cotton Market yesterday closed
bea*lly, and compared with Friday's rates prices
of American were a point in the buyer's favour,
,s
more particularly as regards Boweds, at to i
51d. All other kinds were unchanged. The sales
were estimated at 5,000 bales, and consisted of 3
about 1,000 American for export-500 on specula- 2
tion ; 500 Surat, 31d. to 41d., 40 Sea Islands, 2
10d. to 10id. per lb. In the Railway Share 2
Market not much business was done and prices
8
rather receded.
The advices from New York mention that the
market for public securities continued active, but
a decline in prices was expected, as a large amount
of available capital would necessarily be absorbed 2
by the requirements for the Spring Trade. An im-
provement was likely to take place in commercial
affairs generally, and as the imports of merchandise
during the first two months of the present year •i
would probably be very large, the duties alone
would represent a large sum. The money market,
therefore, would no doubt become more stringent,
but the last weekly returns of the City banks
showed a diminution in the loans and discounts of ;
$755,371. For the item of specie there was an
addition of $387,258, and the total amount held lc
on the 22d ult. was $11,971,333. 1
The Report of the Colonial Bank, read at the
meeting of to-day, was very favourably re- E
ceived. The net profits for the half-year were
21,0861. 2s. 11d., from which the directors pro-
posed a dividend of 21. 10s. per cent. for the half-
year, leaving 8,5861. 2s. 11d. to be carried to the
fund for meeting bad debts. The report was
adopted.
The Ottoman Government have published a Re-
port of the Minister of Finance (which appears in
another part of our impression), concerning the
budget of expenses occasioned by the present war
to Turkey. This important statement is submitted
to the consideration of a board of control appointed
by the Sultan, and comprises the budget from the
27th May, 1853, to the 27th September, 1855—a
period of 28th months. During that period the 1
disbursements of the Treasury for extraordinary
expenses of war, marine, and artillery, amounted
to 11,200,0001. sterling, of that sum 5,400,0001. is
covered by the budget allotted for the three
departments ; and 4,573,0001. obtained as fol-
lows :—Produce of the first loan 2,286,2881., 8.
advanced by Rothschild on the New Loan
600,0001. ; national gifts 201,800/. ; issue
of paper money 1,440,0001., and Bank of
deposit loans 46,700/. ; thus leaving a sum of 1.1
1,227,0001. to be claimed by the Treasury as excess
of expenditure. To make up this deficiency, and
to prepare for any further outlay in prosecuting
the war with vigour and ease, as the Minister
expresses himself, there is a likelihood of Turkey
being obliged to come again into the Money Mar-
ket for a new loan. _ .

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On the Paris Bourse yesterday there was very
little business doing either of a speculative or bona
fide character, and the aspect of the market was
unusually dull. The French 3 per Cents. closed
at a decline of 30 centimes for the account, and
25c. for money. All other kinds of securities ruled
heavily at reduced prices. Shares of the Credit
Mobilier declined 20f., and Railway Stocks were
offered, without finding purchasers, at from
2f. 50e. to 6f. 25c. less than the reduced quotations
of Monday.
The probable future course of political and finan-
cial affairs is now exercising an important influence
upon the condition of the English Stock Market.
For some time past symptoms of weakness have
been apparent, and within the last two or
three days these have decidedly increased, while
to-day the quotations have sustained a material
reduction, and a good deal of excitement has en-
sued. The firm attitude assumed by the Czar, and
the necessity which must exist for a further extra-
ordinary expenditure to enable the vigorous prose-
cution of the war, will naturally induce a growing
feeling of caution and depression. Besides the wants
of our own Government, all the Allied Powers will
need pecuniary aid, and the money market, already
sufficiently stringent, must inevitably b© subjected
to a pressure perhaps equal to that experienced in
the commercial crisis of 1847-8. This is the view
taken by some of the speculators at the Stock
Exchange, and as it gradually gains ground
the prices of Consols are, of course, affected.
Some of the present retrograde movement,however,
is occasioned by the arrangement of the speculative
account, and this being" put and call" day a further
material alteration in one direction or the other
may have to be recorded before the conclusion of
business. Consols have been as low as 85/ to 86,
but they are now about 86 for money, and 86. t for
account. The New 3 per Cents. have been 861 to
86j, and the Reduced 851 to 86g. Exchequer
Bills 9s. to 45., and India Bonds ss. discount.
The business transacted in the Foreign Market
has been very limited, and the variation in the
quotations is proportionately circumscribed.
Turkish 6 per Cents. are about per cent. lower,
being 801, while earlier in the day they had been
784. to 80. The New Scrip is affected to about a
similar extent, being 4i to 41 discount. Dutch 4
per Cents. are dull at 94 to 94, the Spanish De-
ferred at 21k, Dutch Exchange at 63, and Bra-
zilian 41 per Cents. at 91k.
The following are the nominal prices of Foreign
Stocks:—Grenada Deferred Bonds, 61 7 ; Mexican,
19i ; Peruvian, 74 5 ; ditto 3 per Cents., 52 3;
Portuguese 4 per Cents., 45 47 ; Russian 5 per
Cents., 95 7; ditto 41 per Cents., 85 87 ;
Spanish 3 per Cents., 38k ; ditto Deferred, 211 i;
ditto Certificates, 4i ; ditto Passive, 7±.
Railway Securities have not varied to any mate-
rial extent, but most of the principal lines are
naturally affected by the downward movement of
the Funds. Eastern Counties are still suffering
from the unfavourable report of the Government
Commissioner. The decline in some of the other
lines is about ±to 1 per cent. Foreign lines con-
tinue dull, and Colonial are much the same as
previously.
For Mining, Banking, and Miscellaneous Shares
the market is still inactive.

BRITISH FUNDS THIS DAY AT ONE 0 CLOCK.
( From the Of‘cial Lilt. )

ringines. done.
Eank Stock .....
3 per Cent. fteds.ced Annuities B6 54 63
8 per Cent. Consols Annuities
New 3 per Cent. Annuities
Long Annuities, expire sth Jan. 1860....,,
Ditto 30 Tears, expire sth April, 1885— 164
India Stock
India BoAds, £lO6O • 8
Ditto, under £lOOO ....................
ousels or Account ..................
Exchequer Bills, 20.
£IOOO
...... 9 4
.ESOO
%nail
MOE OF ....
P ONE O'CLOCK
Brazilian Bonds, 5 per Cent.
Ditto New, 1852, 41 per Cent.
Ditto New, 5 per Cent.. 1829 and 1839 974
Dutch Exchange, 21 per Cent., 12 Guilders 63
Sp. r Bowls, 3 per Cent
Ditto Now Deferred, 3 per Cent.
Turkiat Bonds, 6 per cent..
Ditto for the Account BO TBl
80*
Ditto Small
Ditto New Scrip, 4 per Cent.
Ditto Account
Dividends es the above payable In London.
Dutch Exchange, q per Cent., 12 Gull —
Ditto 4 per Cent. Certificates 94
TWO O'CLOCK.
86
861

Consola (money)..
Ditto (February)

....... 86 5i 61

EXTRIORDINA7 METEOR.—Last night a brilliant
meteor was seen in the southern portion of the heavens
at Chatham. The phenomenon was also seen at Brigh-
on.
MoNIIMINT TO COL. UNETT.—It has been unanimously
resolved to erect a monument to the memory of Lieut.-
Colonel Unett, late of the 18th Foot, in St. Michael's
Church, Birmingham.
Tea DIMRENOES WITH TIIn PERSIAN GOVERNMENT.
—The misunderstanding between Mr. Murray and the
Persian Government has been amicably settled.
BANK CLERKS.—The past year has been one of great
prosperity to bankers, and it is gratifying to find some
of our large establishments are not insensible to the
claims cf their emp/oyei to share in the same. Among
others, the London and Westminster Bank have not
only given their clerks a bonus of 10 per cent., but have
Lade a permanent addition to their salaries.

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