The Sun.
London, England, 1856-08-05 00:00:00

MONEY MARKET

AND

COMMERCIAL Ikrinr:ILLIGENC2I

CITY, Two o'CLoo-t.

The Liverpool Cotton Market yesterday closed
firmly, with a smaller supply. The sales were
10,000 bales (2,000 for export and 1,000 on specu-
lation), comprising 140 Pernam and Maranham,
at 6Zd to 7d. ; 260 Bahia, 6 7-16 d ; 300 Egyptian,
60. to 9d. ; 1,500 Surat, 4kd. to 4;d.; and 50 Sea
Islands, 11d. to ls. Old. per lb. The Share
Market was quiet, and prices were a shade higher
than ou Saturday.

Accounts from the Continental Wool Markets
show a continued steadiness in prices, with a de-
crease in transactions in those markets where the
pressing wants of the manufacturers have been sup-
plied. In Champagne and Burgundy washed
wools have been in request ; and at Brie, 8.7 c.,
wools in grease have been easily sold at If. 20c. to
if. 30c. per half•kilogramme. At Chalon-sur-
Marne the prices are now about the same as they
were last year at this date, and the sales have de-
creased from 25,000 and 30,000 kilos. to 12,000
and 15,000 per day. Fine lamb's wool is in de-
mand at sf. to sf. 40c. per kilo. 'At Marseilles
the market has been very quiet, which is generally
the case after the closing of the fair at Beaucaire.
The manufacturers generally have not bought ex-
tensively, with the expectation of lower prices ;
consequently, it is supposed they will make further
purchases as the season advances, and thereby give
an impetus to trade. The prices of imported wools
are as follows :—Marne, in grease, from 85f. to
122 if. per centner ; Tunis, ditto, 721 f. to 75f. ;
and Syrian washed wools., 125 f. The imports of
the week include 120 bales from Algeria, 311
Mazagan, 361 Buenos Ayres, 234 Constantinople,
and 344 from Salonica.

The Directors of the Riga Railway Company
have issued a circular, from which we take the
following extracts :

"The Directors beg to announce that baying had the
draft of the proposed statutes of the company settled by
counsel in London, they are now in a position to present
them to the imperial Ru.sian Government for confirma-
tion ; at which time, according to the laws of Russia, the
caution money of 51. per cent. on the proposed capital
must be lodged. _ _

"The Directors therefore hereby give notice that the
call of 41. per share, formerly annGunced, will be now
required for the purpose of this deposit.
"The directors take this opportunity of informing
the shareholders, that, in consequence of the numerous
reports respecting the guarantees by the Imperial Rus-
sian Government, they have laid the papers before an
eminent counsel in London who is of opinion that the
language of the Imperial edict of 1853 has not the effect
of guaranteeing interest, at the rate of 41. per cent. on
a fixed capital of 12 millions of silver roubles ; but he
does not entertain any doubt that it does guarantee
interest at 41. per cent. on the capital, which will be
sanctioned by the Government as required for the com-
pletion of the undertaking (tncluding 41. per cent. fur in-
terest during the construction of the railway), and an
additional half per cent. for a sinking fund.
"From the negotiations, however, which have been
lately carried on, and are now on the point of being
concluded, the directors feel warranted in expressing a
hope that the final arrangements will be such as to in-
sure the attainment substantially of the advantages set
forth in the Prospectus ; nor can there he any reason-
able doubt that the nett profits of the railway will con-
siderahly exceed 5 per cent. on the capital required for
its construction, as a concession has already been eranted
for an extension of the 'line to the town of Vitepsk,
"Mick) is in the direct line of traffic from the most im
portant produce-districts of Russia."
There was an active demand for discount accom-
modation in Lombard-street yesterday owing to
its being the " fourth" of the month, but the en-
gagements were generally met with promptitude,
and without occasioning much pressure upon the
Money Market. The rates have slightly advanced,
but they still rule a fraction below the Bank of
England minimum.
The annual meeting of the General Iron Screw-
Collier Company was held this day ; Mr. Hutt in
the chair. The report showed that the adoption
of steam screw-colliers had been as profitable as
ever to this company in the past year—the freights
in that period having been, per colliers, 17,6541.,
and by transports 113,0901., which, with some
other items made up 132,5371. 17s. 101, leaving,
after the expenditure of the year, a net profit of
39,2881. 3s. sd. A dividend was recommended
and agreed to at the rate of 101. per cent. per
annum.

The English Funds continue at about previous
quotations, in the absence of extensive dealings or
anY political intelligence of an adverse description.
The account, which is Bullish, is as previously
stated, in course of arrangement, and the
" contango " has rather increased, being 3 to
Per cent. Consols have been largely dealt in for
money at 951 4, at 2, and at Is For the 7th
inst. they have been 95 ; and for September,
96k f• Exchequer Bills are 17s. to 19s. prem.,
and the Bonds 100!. The New 3 per Cents. were
96i and the Reduced 96 to 961. Bank Stock
2181.
Foreign Securities have been dull, and rather
flatter. Turkish 6 per Cents, are 103 to 104,
at 24 g
and the 4 per cents. 104 a. Spanish New Deferred
rule
Sardinian at 921, Peruvian 41 per
erts. at 811 to 82, and Mexican 23.1-. Dutch 2i
. Cents. are 651, and the 4 per Cents. 971-•
The following are the nominal prices of Foreign
Stocks:--Grenada Deferred Bonds, 7/ ; Mexi-
can, 23 ; Peruvian, 81 3; ditto 3 per Cents., 57 9 ;
Portuguese
4 per Cents., 49 51 ; Russian 5 per
Cents., 111 11
--3 ; ditto 41 per Cents., 98 100 ;
Spanish 3 per Cents., 45 1 ; ditto Deferred, 24a
ditto Certificates, 6 ;
ditto Passive, 6i 7.
The Railway Share Market is rather firmer, but
business remains in a quiescent state. Great
Northern
A stock is 11. to 21. higher, and Great
Western, North Western, and Midland are at im-
proved rates. Riga shares have dropped to
and 31. Paris and Lyons are rather better, but
the other foreign shares are supported. The Colo-
nial undertakings remain at about previous prices.
Banking shares are dull, but in the miscellaneous
descriptions there have been several transactions
at full quotations.

BRITISH FUNDS THIS DAY.-CLOSING PRICES

( From 71tt Orteica Litt.)

nnonest• done.
Bank Stock
-
oer t.:c 218 A ut. Reduced Annuities i
3 per Cent. Consols Annaitioa 96} ii
iosi
New 3 per ("ant. Annuities ......... gq ifi i
Lone. Annuities, expire sth Jan. 1860... 31
Ditto 30 Years, expire sth Jan. 1860 3,A
CDitto 30 Years. expire sth April, '1885._ 16 5-16
1.,....,14 Tor B,ccount .......................... 953 3
ndia Stock .......................................
Ditto Account .. Ezdhequer Bills, 24d. ......... ................... 2363
£IO4YO ........... -... ...... . ............... 17 19
61£560 .......................................... 1G
niall . .............. . ... . ............. 2J
Ditto Bonds, 1858, 3i . ..........
per .Cent..
Ditto, 1559 ....... ........... .. ............... ICO3
PRICES OF FOREIGN FUNDS THIS DAY.
Mexican 3 per Cent .................... . .
.......... Ditto Account .......................•..... 1
Peruvian Bonds 43 per Cent ......... .. ...... 81 23 3
Ditto Account
82 Portuguese Bonds, 5 per Cent., Coo. 1841
Ditto 4 per Cent 493 50
50i
'Russian Bonds, 1822, £ St., 5 per Cent ll2f
Strdinian BonAs, 5 per Cent.
P 'nl'l' Roiads, 3 per Cent —
Ditto New Deferred, 3 per Cent. Ditto Account
T Irkieh
Dit Honda, 6 per cent —
to Account
1031 .1 4 3
•• ••
"Gitto Guaranteed, 4 per Cent. .......
VDene Ditto Acconnt
*Vzuela Bonds, 41 per Cent
l'' `•'' en 18 AnDutch tnn ANIVO aVahli. t., I,ondon.
DittoExteliatige, 23 per Cent., 12 Guilders 65;
Der Cent. Certificates —
Ditto A.ccount

THREE O'CLOCK,
9:i a
Conßolß, Money
25)
Ditto Account (Aug. 7)