The Sun.
London, England, 1856-09-18 00:00:00

MONEY

MARKET

AND

COMMERCIAL INTELII...IGENCE.

CIT`L. Two OVLOCR

The Liverpool Oott on Mar'Ket yesterday closed
quietly, and all kin, ls are unchanged in value.
The sales were estimat ed at 10,000 bales, 2,000 of
which were taken for export and 1,000 on specu-
lation, comprising 16(1 Pernam and Maranham,
bid. to Bd. ; 200 Bahi; t, ; 500 Egyptian, 6/d.
to Bd.; 1,000 Surat, 412 d. to 51d. ; and 100 Sea
Islands, 11d. to ls. 2d. per lb. The Railway Share
Market closed steadily , at a slight improvement.

Commercial advices. from Berlin of the 15th inst.
mention that the pre a, ent high prices of raw mate-
rials for manufacture ,—especially silk, wool, and
leather, not only i a Prussia, but throughout the
continental markets • —has become so considerable
that the attention of the Government has been
drawn to the subje ct, and they propose to sub-
mit the question to the consideration of all
the chambers of car amerce, with a view to coun-
teract its bad effe 3ts on trade, and if possible
to ascertain the (;auses of the rise, and that
any further incri ase may be checked. The
Government has also opened formal negotia-
tions with Austr is for obtaining the sanc-
tion of that State to allow Prussian assurance
companies to open branches of their establishments
in the Austrian dc minions, upon the same footing
as they at present enjoy in the states of Northern
Germany. A prof nice of this kind had been given
separately in the n ew treaty of commerce with the
Zollverein.

A telegraph mes sage from Marseilles, dated yes-
terday, states that the wheat market was quiet,
abd the arrivals of grain insignificant ; also, that
the works of the 1: o no of railway being constructed
atween Toulon r ad Marseilles were progressing
7ith activity.

The final instaln sent of 20 percent., or 1,000,000/.,
gas now been pro, tided on account of the Govern-
Anent Loan of 5,C 00,0001. negotiated in May last,
and the questions I iow asked are, whether the Chan-
cellor of the Excb equer will be compelled to raise
the additional 2,0( 0,000/. by an issue of Exchequer
Bills or Bonds, fol ^ which ho took power last ses-
sion ? And if so ~ when that measure will be
effected ? Accord 'in,g to the calculations of some
of those who taki3• a deep interest in matters of
finance, there is a-m. impression that this amount
Will be procured as soon as possible, notwith-
standing Sir Geo) !go C. Lewis's remark at the
Meeting of capitali: its, when the lean was tendered
for, that it would not be required until the last
quarter of the pre sent year or the first in 1857.
Even if this sum is obtained it is thought that the
Chancellor will be somewhat, embarrassed, and will
have to borrow on deficiency bills to enable him
to discharge the liabilities of i'ne Government. The
bringing home of the troops !from the Crimea, and
the adjuatment of other matters connected
With the late war, have no doubt absorbed
a considerable amount more, perhaps, than
the Chancellor contemplated, but henceforth,
while the income tax rem; ,ins as at present, the
revenue will probably largo ly exceed the expendi-
ture, so that after all he Nl,' ill have sufficient funds
to provide for all continge icies that may arise.
At the meeting of the 1 ?roprietors of Bank Stock
at the establishment in Threadneedle-street, held
this day, a dividend of / ti per cent., free of income
tax, for the half-year w: ts declared.
As was generally ani ,icipated, the Directors of
the Bank of England made no alteration in the
Minimum rate of discou ,nt at the " parlour" meet-
ing to-day.

The success which I gas attended the Bank of
London has led to the formation of the National
Provincial Insurance I issociation. The object of
this society is to effect e very description of life and
ire assurance, and it • will commence operations
under the most favoura ble auspices. The business
and influence of three e atablished insurance com-
panies, whose united ai inual incomes, from pre-
miums alone, exceed 32,000/. per annum, and
which possess large asset s. A proprietary of nearly
it thousand members, an d a staff of more than eight
hundred agents are in p- 7ocess of being secured ; so
that with the valuable c o-operation of the Bank,
which is still to be condi acted on its own risk, and
with a separate directio n and management, there
is every reason to believ •e it will be conducted—at
comparatively small w •orking expenditure—to a
successful issue. By ti ie above means, the vast
preliminary expenses a tendant on the formation
of an assurance compan y will be avoided—a con-
sideration of some In .oment. Prospectuses are
shortly to be issued.

Increased buoyancy 5Ls noticeable in the market
for the English Funds, but there is less speculation
for a rise, and it is not unlikely that the upward
Movement will receive check before long, as many
of the Bulls will no doubt secure their profits. The
recent fluctuations in the market exhibit the
nervous state of the operators, who have
changed the charaQter of their engagements
several times within the space of two or three
Weeks, although the-re is really nothing in the po-
litical horizon, or in the prospects of the Money
Market to justify fluctuation. Consols for money
have risen to 944 I, and for account 941 to 95.
Exchequer Bills oxe 13s. to 15s. premium, and the
Bonds are 991 175.

A very limited business has been reported in
Foreign Securities, although prices in several in-
stances have advanced about per cent., viz.,
Turkish, Russian and Dutch 4 per Cents. Portu-
guese ruled steady. Turkish 6 per Cents. are 103i13-
and the 4 per Cents. 103 k 1. Russian 4i per
Cents., 97k. Peruvian 4i per Cents., 80, and
Dutch 4 per Cents., 991.

The following are the nominal prices of Foreign
Stocks : Grenada Deferred Bonds, 71 to 7 ;
Mexican, 22i to 22i ; Peruvian, 79 to 81 ; ditto
3 per Cents., 57 to 59 ; Portuguese 3 per Cents.,
45 to 46 ; Russian 5 per Cents., 108 to 110 ;
ditto 4 per Cents., 96 to 98 ; Spanish 3 per
Cents., 43/ 41 ; ditto Deferred, 24i 5,1 ; ditto
Certificates, 5i 6 ; ditto Passive, ai 7.
The last week's railway receipts, ascertained up
to this day, are in round figures as under

1856.,
Great Western
North-Western
South-Western

1855.
£28,136
63,340
17,520

Brighton
Midland
South-Eastern.
Caledonian . .

19,697
33,307
25,023
13,729

17,545
31,540
25,346
11,563

Great Northern

22,937

21,853

Lancashire and Yorkshire
Bristol and Exeter

26,084
7,413

22,282
6,954

Chester and Holyhead
East Lancashire 7,148 6,237
Manchester, Sheffield, and Lincoln 10,555 9,800
North London
North Stafford
Oxford, Worcester, and Wol?erb 4,309 4,125
Taff Vale 4,984 3,626
Edinburgh and Glasgow ......» 6,150 5744
Glasgow and South-Western
Northern of France
Grand Trunk of Canada
Shares of all descriptions have advanced. Rail.
ways are generally up about 10s., and a large
business has been done. The dealings in the
Foreign and Colonial, however, do not increase,
and they remain without any important variation.
Rigas are 1 i prem.
Bank shares rule flat and mines are quiet. A
few transactions are recorded in miscellaneous
shares at previous rates.

FIitITIBH FUNDS THIS DAY IT ON F,-* O'CLOCK.
(From the Official List;
Business done.
, & per Cent. Console Annuities 943
Consols (or Account
E retequer Bills, 20.
£lOOO . ' l5 13
E5OO l5
Small l2 p
Ditto Bonds, 1858, 34 per Cent. 994
Ditto, 1859
PRICES OF FOREIGN FUNDS AT ONE O'OllOOlK
Peruvian Bonds 4i per Cent
Ditto Account BO
Pot uguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent
Russian Bonds, 1822, St., 5 per Cent —
Ditto 4i per Cent.
,~~:•kieh Bonds, 6 per cent lo3k
Ditto Account lO3B
'Ditto Guaranteed, 4 per Cent.
t Ditto Account

Dividends on the above payable in London.
Dutch Exchange, 2A per Con;:.., 12 Guilders
Ditto 4 per Cent. Certificates
TWO O'CLOCK.

Consols, money 94i
DitWACCOunt