The Sun.
London, England, 1856-02-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE

CITY, Two o'CLocs.

The Liverpool Cotton Market yesterday closed
with an improving tendency. Compared with
Friday's rates prices of all kinds were extreme.
The sales were estimated at 12,000 bales. By the
America we learn that the receipts and shipments
of cotton, had been large, prices had undergone
little or no change, and the peaca news had not
reached further than Halifax. With a fair amount
of business, the Railway Share Market did not ex-
hibit much activity, and prices were barely sup-
ported.

Commercial advices from the chief manufacturing
districts throughout France continue to be satis-
factory, and trade is very active amongst the whole-
sale houses. Speculation, which bad for a time re-
mained dormant, is beginning to guide the opera-
tions of merchants ; still there is much caution
evinced in their transactions. All kinds of colo-
nial produce is in demand, and much activity exists
at the ports of Havre, Nantes, Bordeaux, and Mar-
seilles. The trade with North America continues
brisk, and orders for manufactured goods are heavy.
Ifitherto the importation of American produce was
of greater value than the export of French goods,
and the balance was remitted in eash. Now it is
Probable thattheUnited States merchants will have
to remit to France in money payments. The trade
With Germany is increasing in consequence of some
houses buying on Russian account. In the event
of peace being concluded this spring, it is expected
that a considerable trade will be done with Russian
houses. The retail merchants in the towns are busy
Preparing for spring novelties, but they purchase
stock with caution.
Accounts from New York by the American
Packet to the 29th January have come to hand.
This vessel brings no specie on freight. The money
market in the American capital continued easy,
and though the demand was brisk, yet the
InIPPIY was beyond it, as the banks were amply
provided with bullion, and acted cautiously.
The
rumours relative to financial revulsione
and warlike measures were considered absurd,
• a. s there exists a strong under current of confidence
IR
I / Peace in the public mind, between the United
have
and Great Britain. The pacific news which
agitated the whole of Europe during the last
fortnight had not yet reached New York, and in
the commercial reports of the day they considered
that the continuance of the war will result to the
"net of the United States, as it must keep up the
Price of their breadstuffs. There is every proba-
bility therefore of the export trade of America being
eenSiderably checked after the receipt of this im-
portant intelligence. The exports from New York
from the Ist of January to the 25th amounted to
,r
a 460,374 dollars against 2,000,402 dollars in 1854,
—"lug an increase of 1,459,972 dollars.
d.,A meeting has beeu held to-day of the cre-
ditors of Messrs. Scott Russell, of
Iwhose suspension was announced a short time
07. e , Samuel Beale, Esq., presiding. The
airtnan said the meeting was called, in eon-
auence of a circular issued by the firm to coll-
er what was best to be done in the present
Position of their affairs. He (the chairman) believed it
as a case in which, by united action, steady forbear-
a 811ce, and consideration, a very material advantage
,
probably be derived. Mr. Freshfield then
„aue a statement of the circumstances that had
o
-43.asioned the suspension, and mentioned that,
until the beginning of the present year, the largo
contracts entered into presented prospects of great
4114061, but they were then dissipated. There were
Th9rtgages for a considerable amount on the pre-
?l,ses, far exceeding their value. He (Mr. Fresh-
:id) recommended that the estate be wound
be under inspection, and such arrangements could
madeth with the mortgagees, the Government,
e Eastern, Steam Company, and private indivi-
4„w7sdes with whom contracts had been entered into,
t,4 would, at the expiration of six months, enable
A",c,declaration of a dividend of 10s. in the pound.
'"hough a further dividend would no doubt be
realisable it was not deemed expedient to make any
decided statement in reference thereto, owing to
various eontingencies-that might in the mean-
While arise. Mr. J. E. Coleman then explained
the following balance-sheet :

LIABILITIES.
o creditors on open balances and accept.

slices £113,910 19 10
Creditors holding security £15,000
), Estimated value of security held 6,000

9,000 0 0

£122,910 19 10
The Eastern Steam Navigation Company
,reserve their right of ai.y claim which
"ley may establish on tho estate for
broach of contract, i a case a satisfactory
arrangement cannot be carried out with
them.

)3 • ASSETS.
Y cash balance £ls9 3 8
~ Rook debts considered good
.. Assets, consisting of materials, engines,
,i,Szc, at works
''4'o. i Mr. Russell's interest in various
shm 40,000 0 0
'' bo., contracts for vessels and uiacliiaery
19,392 0 0 now constructing

beLts under 101.

£100,353 12 4
. 118 0 5

• Yt ®hares in the Eastern Steam Naviga-
£10;235 11 11
i°aCompany, upon which calls have been
laid,l,aniounting to 22,4101.
ari°us questions were then put to the chair, the
I:ilsWera to which were deemed satisfactory, and
ge4eBBrs. Beal, Grissell, and Jones, selected from the
Al body of creditors, consented to become
les
Pectors Mr. Scott Russell will actively assist
the various works. Resolutions
t embodying
A : h
above recommendations were en signed by
vcreditors present, and the meeting separated.
ery disposition •was evinced throughout the
eeedinus to meet the wishes of Mr. Scott Rus-
sell. .
and his advisers. '
There is a buoyant market for English Stocks,
and an
coadvance of about per cent. has occurred.
COnao
are 91l a for money, and 92i for account.
",18 increiised Armless is probably owing to the
R"t
tteter tone of the American advices. The New
„ies are 92t/1- 4, and the Reduced 92.1. Exchequer
t 'e are 7e. to,Us., discount. India Stock is 224 i
22,6.
• There has Leen very little business transacted
111 P • k
Foreign Sto-Jo s. Buenos Ayres are 55. Peru-
l'ith 41 per Ci,nts. 791. Spanish 3 per Cents. 421 ;
Ste done
Deferi•ed 23i. Turkish. 6 per Cents. have
eten• done at 34, and the 4 per Cent. Guaranteed
"`helc at 100:,
• The following are the nominal prices of Foreign
2ftl°A,cke:—Grena da Deferred Bonds, 6171; Mexican,
Peruvian, 79 81 ; ditto 3 per Cents., 55 56 ;
4rtuguese 4 Uer Cents., 47 49 ; Russian 5 per
ee
3 lint:l • ;.„104 6 ; c'itto 4,1 per Cents., 92 94 ; Spanish
3
''ents., 42 ; ditto Deferred, 23t 24 ; ditto
;nr,Lacates, ; ditto Passive, 641.
it 'he Railway Share Market shows firmness in
ralcluetations sit a slight advance upon previous
'cots, ; but thero is not much business doing, ex-
in Great Western, London and North-
:tlV4l;:tiletgril and Midland. In Foreign railways
Leaaetions are limited, but rates are fully main-
'Quo.
In Tue Banking Shares there is not much doing.
li
; mir projeeted Banks have commanded atten-
tin and are still quoted at :a premium.

. .
BRiTlsn
FUNDS THIS DAY.-'-CLOSING PRICES.
(Fr ont the Oftial Lie.) dons.
3 dons.
Bank Stock 214
-
3 per Co '' ***** ' 9tii 2/
8 ,„„. ~. In. Redxced. Anunitios
..,,er". ucrit. Consols Annuitio 9IA i i
zo. 3 per Cent. Aiinuities .... * • 91 iif i
Jan. 1860...
inaLlifttAo:l3llis, expire sth
Years, expire sth April, 1885 l6i
India Bonds 2214 6
A,:lUbo
•
Ditto under £lOOO 3
%Nola'
for Account • 91i 2/ / 1
Exchequer Billa. 24d. •.: 1000 . *
Ditto Boneg; 'i. '''''''' "34 .
Ditto, 1859 ... per ...
V7i 8
... - .......... ... .. ..
PRICES OF FOREIGN FUNDS 'THIS DAY.
Buenos Ayres Bonds, 6 o
Me dean 3 per Cent. , . ~, . per c-. .. 65
-Ditto Account ... ... .........
. .....
i . ' ..
'.
0
'?eravian Bonds, 44 per Cen't:,...........--. 2
70 go i. Aussiau Bonds, 5 per Cent., 1822: .i . 8-i:::: jot --'
„, Ditto 44 per Cent .
............. ... .... 93
''kdinian Bonds, 5 per Cent. ~... ... ••
.......
~., Ditto Account
4. • ......... 90
*Pinio' Bowls, 3 per Cent ... ......... . .. .
. Ditto Account ................................. 4.2 i
Ditto, New Deferred, ;3 per Cent........... . ...
Ditto Account23l
TtirXioi Bonds 6 per coot
Ditto'Accoun . .
Account 934
. . DittoAluaranteed 4 per Cent
Nile Account ' I looi x d
•,„ Dividends OR the above payable In London.
drench Iteates, 44 per Cent.
tuu.ictto Scrip, 2d Loan of 1855
.j.'ll Echange, Certificates Cent 12 Gull

911
Csaksobt oneY
THREE i
O'CLOCK.
bitto Asccuunt, March 11....