The Sun.
London, England, 1856-05-23 00:00:00

MONEY R, E

ANA

COMMERCIAL INTELLIGENCE.

CITY. Two o'OLoc

The Liverpool Cotton Market yesterday con-
tinued heavy, and prices of all kinds were steady,
excepting Americans under 6d., which declined
1-16th to Id. per lb., since Friday last. The sales
Were estimated at 7;000 bales, including 5,250
American, 500 for export and 1,000 on speculation,
290 Pernam and Maranham, 61d. to 7d. ; 230
Bahia, 60. to 61d. ; 50 Egyptian, 6W. ; and
1,200 Surat, 4d. to sd. per lb.
The Colonial Produce Markets this week have
been quiet but steady. For Sugar there has been
rather a limited inquiry, but previous prices have
in most cases been fairly maintained. Coffee has
been dull, and prices have rather tended down-
Wards.. At the public sales of Tea full prices have
been obtained, but the biddings have not been
animated. Rice has been rather cheaper, and
Spic
esare also lOwer. Saltpetre has slightly de-
clined,and Tallow has attracted a fair amount of
attention at previous rates. The Indigo sales ter-
minated on Wednesday at the previous decline of
3d. to 6d. per lb. on Bengal, Madras, and Kurpah.
The Wool auctions are proceeding with less ani-
mation, and the quotations are rather flatter.
The arrivals of this staple from Australia and the
Cape have considerably augmented the supply,
and it is expected that at the next July sales a
larger quantity than usual will be offered.
Letters from Constantinople of the 12th inst. state
-that an important industrial project has been sub-
mitted to the Goverriment by an Anglo-French
Company, and the proposition is said to be actually
Mader examination. This company has fixed their
Capital at 20,000,0001. sterling, or 500,000,000 f.,
And propose to construct a complete system of
railways, roads, ezc., throughout Turkey, so as to
bring it within the great network of communication
now being established in Central and Eastern
Z;urope. Besides this proposition there are numeous
others, among which are many for the establish-
Inent of Banks, but as yet nothing certain has been
clone by the Ottoman Government. _

The Money Market is now comparatively easy,
the rate charged for discounting first-class paper
In Lombard-street being 51 per cent., or A per
Cent. below the Bank of England minimum. The
continuous arrivals of gold from Australia, and the
diminished shipments of precious metals to Turkey,
Will, no doubt, soon enable the directors of the Bank
to make a further alteration in the official terms,
And many suppose that a reduction of z per cent.
Will not be delayed beyond a few weeks. Large
quantities of gold are passing almost daily into the
National Establishment in Threadneedle-street,
and a material augmentation in the item of bullion
Will no doubt soon be exhibited.

Notwithstanding the policy pursued at the meet-
ing of the Bank Directors yesterday, and the ex-
Pectation of a speedy relaxation from the high
terms ruling for discounts, the Stock Market
evinces less buoyancy, and a pause has occurred
In the speculative dealing. This can only be ac-
counted for by the advance which has al-
ready occurred in prices, and the approach
of the settling day. Consols have been 93/ e for
inacney, and for June 4. The New Scrip has
nueon dull at 2 premium. The New Threes are
°,31 and the Reduced 93 to 93/. March Ex-
ePequer Bills are ls. discount, and the June
ditto 4s. to ls. discount.
Foreign Stocks are also dull, and somewhat
hatter. Turkish 6 per Cents. are 98:, but the 4
Per Cents. have risen viz., to 103. Spanish 3
Per Cents. are 461, ditto Deferred 25g. Russian
Small are 95. Mexican 231. Dutch 2? per Cents.
634& to 65, and ditto 4 per Cents. 95 to 95-1-, all
1 eiug firm. Buenos Ayres are heavy at 77.
The following are the nominal prices of Foreign
Stocks :---Grenada Deferred Bonds, 7/ ; Mexi-
„can, 23/ ; Peruvian, 77 9 ; Portuguese 4 per
50 52 ; Russian 5 per Cents., 104 6 ;
Ditto ,A per Cents., 94 96 ; Spanish 3 per Cents.,
Pi 6/ ' • Ditto Deferred, 25/i ; Ditto Certificates,
oi 61; Ditto Passive, 7
, Messrs. D. Bell, Son, and Co. describe the mar-
ket for American Securities as very quiet, with
aoarcely any alteration in prices. The following
are the quotations :

Redeemable. Per Cent.
-United States 6 per Cents. lBO7-1868...101, 105
'United States 6 per Cent. Bonds 1863...104 105

STATE SECURITIES.

Alabama 5 per Cent BO
Alabama 5 per Cent. (Sterling Bonds)
California 7 per Cent. Bonds 1870... 80 82
Xentucky 6 per Cent. Bonds lB6B-1872... 90 92
Maryland 5 per Cent. (Sterling Bonds)... 89 90
Massachusetts 5 per Cent. (Sterl. Bonds). ... 99 100
Mississippi 6 per Cent. pl. Bk.
Bonds ................... . _lB4l-1871 43 45
Mississippi 6 per Cent. Union Bk. Bonds ... 16 18
Pennsylvania 5 per Cent. S•took ............ ••• 75
Pennsylvania 5 per Cent. Bcncli ........ —1877... 80 82
South Carolina 5 per Cent. Bonds
(Baring's) 1858--1868... 90 92
South Carolina 5 per Cent. Bonds
(Palmer's)
Tennesso 6 per Cent. Bonds ... 87 89
Virginia. 5 per Cent. (Sterling Bonds) ISM... 85 86
Virginia. 6 per Ceut. Bonds 1886... 86 87
LOANS OF CITIES.
°ston 5 per Cent. Bonds (Divers) 9O 92
Montreal 6 per Cent. Bonds 1356-1365...83 85
RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 80 81
Illinois Central 7 per Cent. Freeland
Bords 1860... 84 85
Michigan Central Bp. Cent. 1860... 91 93
Do. do. do. ........ 1869... 93 94
tew York Central 7p. Cent., Convert 1864... 91 95
ew York Central 6 per Cent., not
~Convertible
4N 1883... 78 80
OW York and Erie 7 per Cent. Ist Mort.
gage 1867... 93 100
'ew York and Erie 7 per Cent. 3d Mort-
„gage 1883... 84 86
4.N• York and Erie 7p. Cent. Convertible 1862... 791 811
11. York and Erie 7 per Cent. Sinking
Fund ...1875... 81,1 821„
Pennsylvania Central 6 p. Cent., let M0rt.1880... 90 91
Railway Shares are generally at a lower
range of prices, but the decline is not generally of
importance. Paris and Lyons are ss. higher, owing
to
the buoyancy of the shares on the Paris Bourse.
The Canadian Shams are rather flat.
Mines, banks, and miscellaneous shares are
lower.

BRITISH FUNDS TELLS DAY LT eNt, O'CLOCK.

r Prom the Ogeial List•

anones done.
! Per Cant. Redzced Annuities 931 3
u Per Cent. Consols Annuities
ii
" 3 per (lent. Annuities
""tr Annuities, expire sth Jan. 1860... 3 3.16
Ditto 30 Years, expire sth Jan., 1860 3 7-16
India Stock
04"irweR ior Account
Consol Scrip 2 p
Exchequer hills, 24d. March. June.
£l000
2560 — 41 d
Amalfi
Ditto Bonds, 1853, 34 par Cant 9Bi
Ditto, 1859
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Buenos Ayres Bonds, 6 per Cent. —
Ditto Account 77
Mexican 3 per Cent
Ditto Account
Russian Bonds, 1822, E, St., 5 per Cent....
Ditto Small . 95
g'041,11 Howls. 3 per Cent
Ditto New Deferred, 3 per Cent.
bitto Account
Turldhii Ho,,,is, .4 per cent
Ditto Account
Ditto Guaranteed, i per Cent.. —
Ditto Account
l'iv,,)end, or V,. ahnve •,-,nhle I,- I,nrioF
Butch Exchange, 2:!,, per Cent., 12 Guilders 64i 5
Ditto 4 per Cent. Certiacates
TWO O'CLOCK.

231

. 983

Consols for Money ....................... , 94}
Ditto Account ................................ 94,11 a

TOVNAGS OF SHIPS AT LONDON AND LIVERPOOL.—
.."
Customs bill of entry of the 20th instant states that
the number of ships measured for tonnage in the year
etlling the 30th of April last under the New Merchant
Sippingi" Act was—London, 432 ships, 126,768 tons;
erpool, 481 ships, 200,868 tons.
ROYAL MAIL WEST INDIA COMPANY.—At a meeting
this company, held yesterday, the following changes
.4 the direction were agreed to :—Mr. G. S. Thornton,
PI, the place of Mr. R. Ellice ; Mr. J. F. Gruning, in
Plane of Captain Shepherd ; Mr. R. Gurney in the
place of Mr. T. Barin,,, M.P. ; Captain Horatio B.
~°,llog, in the place of Mr. T. Masterman ; Mr. E. Col-
, in the place of Captain Nelson ; and Mr. G. J.
Redman, in the place of Mr. G. Hibbert.
VICTORIA DOCK COMPANY.—An adjourned meeting
;If this company was held yesterday, Mr. J. P. Heywood
~11 the chair, when the draught lease agreed upon be-
tween the directors and Messrs. Peto, Betts, and Brassey
ta' approved. It was stated by the deputy-chairmanh
at the business of the docks continues to be highly
satisfactory, and he submitted the following account,
.furnished by the lessees, of vessels which have entered
since the Opening on the 26th of November last up to
439 17,,,th, Inst. To the 30th of April the number was
3 ships, the gross tonnage of which was 170,496
fn.ani,begeivGing a monthly average of 85 ships, 33,122 tt•ns.
the current month to Saturday the 17th, the number
88 ships of at. aggregate burden of 30,775 tons,
bowing that the number of ships and their tonnage for
but little more than half the month have been nearly
equal to those of entire previous months. Tne ships in
"4 at this date are 83, and their capacity 37,752 tons.