The Sun.
London, England, 1856-02-27 00:00:00

MONEYARKET

AND

COMIYIFaCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday closed
quietly, and co mpared with Friday's rates prices of
American were rather against the buyer. The sales
were estimated at 8,000 to 9,000 bales (of ►rhich
500 American were taken for export, and 1,000
on speculation) . The sales include 470 Pernam
and Maranham , at 6d. to 6d. ; 1,500 Surats,
31d. to 41d.; an d 150 Sea Islands, 101 d. to 2s. 10d.
per lb.

Commercial a dvices from France, giVing an ac-
count of the state of trade throughout the country,
have come to hand. These show that the resolu-
tion of the Bank of France to discount bills at 90
days' sight has produced a beneficial effect
upon all branches of trade. It is said aso
that the rate of discount will be reduced,
as soon as the results of the pending nego-
tiations are ascertained to be favourable. In an-
ticipation of such a result, many largo esta-
blishments have taken measures to facilitate the
negotiation of bills received from small traders. In
the event of peace, being settled this spring, and the
Russian authorititts carrying into effect the pro-
posed reforms in the tariff, it is expected that the
trade of France wit 11 Russia will be greatly increased.
Formerly all articles of French manufacture paid an
exorbitant duty, and created an enormous contra-
band trade. Advic es from the manufacturers in the
provinces are very satisfactory. The prices of

woollen and cotton fabrics have risen, which pun,

chasers have submitted to, and benefited the manu-
facturers, who for some time past realised an in-
sufficient profit from their sales. At Paris there
is not much of importance to remark among the
retail traders. They are all preparing for the sum-
tiler trade, and ordering accordingly. There are
also many agents from the provinces and foreign
countries, purchasing largely, which adds to the
activity •of the manufacturers.
The prospectus of another Joint Stock Bank, the
"West Metropolitan," has been issued. The
capital required is 300,0001., bat power will be
taken to increase it to 1,000,0001. if necessary.
Looking at the large profits recently made by
similar institutions for some time past, the promo-
ters appear confident of establishing a successful
undertaking.

In Lombard-street, and at the Bank of England,
the demand for discount accommodation has
%lightly diminished, and it is expected that rather
easier terms will soon prevail. As the various in-
stalments on the New Loan fall due, however,
there will probably be an occasional return
°f pressure ; but some parties are so con-
fident of a continuance of the comparative ease
110 A, experienced that an early reduction in the
Bank minimum is net considered improbable. On
the Stook Exchange money is likewise obtainable
at lower rates, and the charges made for carry-
ing over speculative accounts in Foreign Stocks
and shares are morn moderate than at the time of
the last settlement.

No material variation has taken place in the
values of the English Funds, and the transactions
have continued on a limited scale. The market,
however, has not been quite so buoyant, the sales
of stock made yesterday having arrested for a time
the upward movement that has been apparent
,during the last few days. Consols for transfer
-nave been 911, and since 91i For the account
they opened at 911 to 921,', then receded to 91 -To
.14nd at present rule at about 91-1 to 92. The Scrip
s 1 premium. Exchequer Bills are 2s. to 3s.
discount for the March issue, and 2s. discount to
21. premium for the June descriptions. The New
3 Per Cents. have been 921, 93, and 931, and the
Reduced 92, 991, and 922.
Since the above was written the market has be-
. !cnne weaker in consequence of a renewal of specu-
lative sales, and Ccnsols are 912 o for money,
and 91a for account. The Scrip 1 H prem.
There is more activity in the Foreign naarkel-,
°wing to the arrang4-ment of the half-monthly ac-
-001141. Turkish 6 per Cents. are 95 to 05i, being
to 4 per cent. lower, and the Guaranteed are
~..heavy at 100 k. Russian 5 per Cents. are 104 to 105,
nPanish 3 per Cents. 43 to 431, and Mexican 20i
i• Grenada New Active are quoted 20i to 21.
anisli 3 per Cents. a.t 834, Brazilian Small 1024,
ditto New 1014. Dutch 24 per Cents. rule at
631 and the 4 per Cents. 95 to 952,
r, The following are the nominal prices of Foreign
stocks:—Grenada Deferred Bonds, 6i 74; Mexican,
20,1
; Peruvian, 79 81 ; ditto 3 per Cents., 55 57 ;
ortuguese 4 per emits., 47 49 ; Russian 5 per
Cents, , 104 6 ; ditto 4t per Cents., 92 94 ; Spanish
.
Per Cents., 424 r 43 ; ditto Deferred, 232 24 ; ditto
Certificates, 44 5 ; Ditto Passive, 6i 4.
Railway Shares are dull, and the transactions
entered into are chiefly in connection with the
Stittlennent. The Foreign lines are firm, but quiet.
1,149nd0n and County Bank Shares are 10s. lower.
.44ining and Banking Shares are at nominal rates.

BRITISH FUNDS THIS DAY AT ONE 0 CLOCK.

( Fro* as Oficial List. )

8 Rn.,ne., done.
8 Per Cent. Red-4ced Annuities......
_Dor Cent Consols Annxitie.,
i'll, 3 per Cent. Annuities ...
-"ng Annuities, expire sth Jan. 1869... .. 3,', 9-16
IDitto 3u Years,sth April, 1885... 13 15-16
~,...
"la Bonds .£10(0 "
2 d
ul,litto, tinder £lOOO
6 d
"^1,4 f,,r Account
Ditto Scrip li i Inn
14ehequer Bills, 20. _ March. June.

•
I 1
•elO6O .
ts§o
Ilmali --...:—.." --
2_34 1 12d 2 p
3 d par I 1 d 2 p
Ditto Bonds, 1858, 3. per Cent 9Bh
thltICE OF FOREIGN FUNDS AT ONE O'CLOi.S.
ilinzilian Bonds, 5 per Cent. —
Ditto Small
,Ditto New 5 per Cent., 1829 and 1839 1011
anisii Bonds, 3 per Cent., 1825 834
!renada NewActire, 1.. per Cent.
3 per Cent.
Russian Bonds, 5 per Cent., 1822, £ 5t.... 104 5
4'lniit) 13osdn, 3 per Cent
Itrltith Bonds, 6 par cent 951 5
Ditto Guaranteed, 4 per Cent.
Dividends on the above Payable in London
4,litch Exchange, 2. per Cent., 12 Gnil ... 63 ;
Ditto 4 pow Cent. Cortillcates

TWO O'CLOCK.
Consols, money
Ditto Account 913 i