The Sun.
London, England, 1856-02-25 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoes.
The Liverpool Cotton Market, on Saturday,
closed with an animated feeling and a more general
demand, chiefly owing to the hope of peace result-
ing from the Conferences in France. Prices of all
kinds were extreme, especially in qualities of Ame-
ricans under (3d. per lb Tho sales were estimated
at from 8,000 to 9,000 bales (1,000 for export, and
2,000 on speculation), comprising 6,000 Americans,
500 Egyptian, 61. to Bd. ; 2,000 Surats, chiefly
40. to 4d. ; and 80 Sea Islands, ls. to 2s. ld.
Per lb. The Railway Share Market was quiet, but
rice!' were steady, and closed with a firm aspect.
The intelligence from New York received this
morning states that extraordinary excitement
Prevailed in the Stock Market in consequence of
the news received from this side of the pending
negotiations for peace. Money, being abun-
dant, was freely invested, and the Bulls operated
more extensively than had been known for some
time previously.
At a meeting of the Chamber of Commerce held
rceently, a memorial to Congress had been adopted,
praying for an extension of the provisions of the
Reciprocity Treaty with Canada, so that all pro-
dude might be exchanged free on the intervening
fresh water rivers and lakes. , About a half of the
t 3,000,000 remaining duo from the United States
to Mexico, on account of the Messina Valley in-
demnity, had been paid, and it was thought that
the rest would be discharged in a week or two.
Accounts from Berlin state that the ordonnancs
of the 26th November, 1855, which abolished the
Premium on the export of spirits from Prussia, in
c°neequence of the dearness of provisions requiring
411 the grain for home consumption, has been Cs-
enesed in the Chamber of Lords with a view to
4'4 repeal. It appears that this ordonnance has
giteu great satisfaction to the people, excepting
some wealthy distillers, whose immediate interests
ate concerned, and who have considerable influence
with the nobility. Without re-establishing the old
'lf, the Chamber has taken a middle course. On
the motion of Baron de Gaffroy, which suspends
tll° law merely, and allows of its restoration, when
1‘ is considered by the Senate that provisions have
returned to their former prices.
Accounts from Copenhagen, by way of Berlin,
State that the conferences on the Sound Dues are
/10t likely to be attended with any practical result
for the present. At the last meeting it was pro-
ed and formally agreed to that the meetings
should be postponed sine die. It would appear
from
this that the more important conferences
tilis()w being held at Paris, have influenced
" discussion of this minor question to a
'attire period, when it is probable that the whole
°e the commercial treaties between the Baltic
states and the great European Powers will under-
go revision. Already it is reported that, in the
etent of peace being satisfactorily concluded, the
Russian Government will devote their first leisure
timet to the regulation of the tariff and other corn.
thercial matters upon a liberal scale to increase
eir commerce with foreign countries.
The corn trade is steady to-day, at last week's
Prices.

The confidence generally entertained in the sue-
t'essful result of the Peace Conferences, which coin-
tilenee to-day in Paris, together with the statement
4c'ently made by the Chancellor of the Exchequer
with regard to hii financial position, favourably in-
fluence' the market for Public Securities, and
further advance of per Cent. has been
established. An early discontinuance of the
W" is considered so probable that many are
ealealating, the advance which may be expected to
ke place should the deliberations of the delegates
14 the French capital progress satisfactorily. Con-
atlhave been very quiet at 91a for money, and
0i to 92 for account. The Scrip has risen to
premium, and the Exchequer Bill Scrip to
41k premium. The New 3 per Cents are 924 4,
knd the Reduced 92 to 92t. Exchequer Bills are at
14, discount for those dated March, and 2s. dis-
*Nnt to ls. premium for those of September.
~.Poreign Securities are mostly at nominal prices.
Xtirkish Bonds are buoyant, the 6 per Cents.
having been 94i to 95, and since 95 to 95g. The
,1
Per Cents. are quiet at 1001. Spanish Deferred
Bonds are 231.
The following are the nominal prices of Foreign
'teeks:—Grenada Deferred Bonds, 61 7#; Mexican,
; Peruvian, 79 81 ; ditto 3 per Cents., 55 57 ;
Por•
tuguese 4 per Cents., 47 49 ; Russian 5 per
lAint•
s. 104 6 ; ditto 4 per Cents., 92 94 ; Spanish
,PueretriZtentet:: 4,412 i 43 ; ditto Deferred, 231 f ; ditto
5 ; ditto Passive, 61 1.
The railway market is dull, but most of the lines
are well supported. Caledonian, however, are an
l'leeptiou, being flat. Lancashire and Yorkshire
Ia a" improved 55., and North,Eastern (Berwick)
m
'"1. to 153. per share. Great Western of Canada
are steady, and Paris and Lyons about ss. higher.
Mining shares are inactive. London and County
Bank shares are rather fluctuating. Victoria Go-
' .eriatnnt Debentures have advanced 1 per cent.
and Peninsular and Oriental Steam are firm.

I? 7
—,TISH FUNDS THIS DA.Y.—CLOSING PRICES.
(Bran the Oficial List.)
Bnstnes, done.
134r1k Stock
14'Z Cent. Red.keed Annuities.--
IC Cet consols Annnitioa 9ll i A I
s 3 nor Cent. Amnnities
: ..I:iiriittett, ri3st(.: Annuitiesrir.r
114
—"Z Annuities expiro sth Jan. 1889...
expire sth April, 1885 l6/ 13.16
"ilt Stock ' 2241
,
—l4 'ter A ceoreut
1. lis Pm
Z'thequor Bills, 24cL March. Jnue.
£IOOO
3:500
"mill
Ditto Scrip
PRICES OF FOREIGN FUNDS THIS DAY.
.razilian Bonds, 5 per Cent. —
teitto New 5 per Cent., 1829 and 1833 100
'clean 3 per Cent.
Ditto Account
203 i
r orWrian Bonds, 4i per Cent.
Ditto :Iper Cent. 564
ittuisiart Bonds, 5 per Cent., 1822, £ St lOl/ 15
hirdinian Bon4s, 5 per Cent.
Spanish Rods, 3 per Cent
JIM° Now Deferred, 3 por Cont.
bat() Aetteunt 231
Jtirlri„h Howls, 6 per cent —
Ditto Account
Ditto 4 per Cent —
Ditto Account .
Vlnezuels. Bonds, 41 per Cent 29;
Dividends on the above payable In 1" nnelon
THREE 0' CL OCK .
C msols , money
Ditto Account, March 11.............911 3,