The Sun.
London, England, 1856-02-19 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday closed
with much animation. Compared with Friday's
rates quotations of all kinds were fully sustained.
The sales were estimated at 10,000 bales (of which
1,000 were for export and 3,000 on speculation),
comprising 260 Pernam and Maranham, 61d. to
; 200 Bahia, 64d. to 61d. ; 150 Egyptian, 64.
to 101 d. ; 300 Surats, at 31d. to ,4d.; and 100
Sea Islands, 10d. to 2s. 2d. In the Railway Share
Market the business 'was of a much improved
character. The tone of the market was better and
prices were higher.
Letters from Madrid mention that the general
opinion of the people is not in favour of the pro-
posed measure of the new Minister of Finance,
Senor Santa Cruz, to replace the octroi duties by
an indirect general contribution. It is said
that the old law was only oppressive on
five articles of consumption, whereas the
now law will be oppressive upon all. That
the old law was only burdensome to the con-
sumer, while the new law will be equally so upon
consumer and producer ; and finally, that the new
Partition of the districts and provinces to come
under the general tax is made with perfect equality.
The retirement of the former able Minister of
Finance, Senor Bruil, is much regretted through-
out Spain, in the present state of financial affairs
of the nation.

The Moniteur has published a ,financial state-
ment of the expenses incurred by the French na-
tion in prosecution of the war against Russia,
Which shows a considerable increase yearly, daring
the three years it has lasted. The items are as
follows :

I#sB 401,641,825f.
1854 601,251,025E
1855 1,079,801,425f.

2,082,694,3751.
The foregoing shows an increase in the expendi-
ture for the army and navy of France during the
Past year as compared with that of 1854 of
478,550,400 f. ; the total of the year amounting to
more than the two previous years. Should the
ar continue this year a further increase on 1855
Is expected. These figures are significant of the
presaure upon the financial resources of France, as
influencing the Government in the present pacific
aspect of affairs.

The half-yearly meeting of the Blackwall Rail-
WaY Company was held to-day, when some discus-
Ilion took place. The net revenue for the past half-
Year was 23,8961. 14s. 5d., from which the interest
°ll debentures was deducted, leaving 19,3331.75. 4d.
available for a dividend of 3s. 6d. per share. There
1118 some complaint about the falling off in the
traffic. The report and dividend were agreed to.
The plan proposed yesterday by the Chancellor
of the Exchequer with regard to the new loan has
generally been condemned in the city, as the
amount is considered disproportioned to the exi-
gencies of the Government. Indeed the sum to
be raised will not suffice for the expenditure of
the country until the 2fth of April, when the
*lt instalment will become payable and a
further appeal to our capitalists will, in all
probability, immediately ensue. That a large out-
lay will be unavoidable, even after the declaration
" Peace, is generally admitted, and the Govern-
"era, with the knowledge of this fact, have no
doubt determined to obtain only sufficient
fonds for the public service until it may reason-
tub' be expected that the result of the
Paris Conferences shall have been made known,
When arrangements for future pecuniary aid can be
effected more advantageously to the general money
tnarket, and to the Government likewise. Still
frequent leans, even though they may be for very
limited sums, are objectionable, and tend to impair
the
; and it is not, therefore, surprising that
'he present measure has been objeoted to when the
Public were so fullypropared for a much heavier ope-
ration. If the Government have the confidence in
the result of the peace negotiations that may bo
Inferred from the various statements elicited from
those intimately connected with the Cabinet, the
negotiation of a small loan, however, may on the
Present occasion prove more satisfactory thata is
Rothschild
anticipated. It is believed that Messrs.
40thschild only will open a subscription list, but
the usual circular announcing such intention has
11°t yet been issued.
The Funds, which improved yesterday when the
particulars of the new loan transpired, have since
4eotne heavy, owing to the policy of Sir George
0
°ruewall Lewis being considered ill-advised.
however, as all will depend upon the satis-
trete ry progress of the Peace Conferences
" dealers await the preliminary meeting
111:..i,2.1% much anxiety, and very little business
is much
in the meantime to be reported. The de-
re in prices is about per cent. Consols for
A "eY have been 90/ and 901 I, while for the
Zecount they have been 904 to 91, and since
140911-• The New 3 per Cents. have been 911 -1-,
havehe 3 per Cents. 90i to 91f. Exchequer Bills
11. been ss. dis. to par, and India Bonds 2s. dis.
auk Stock is 2131, and India Stock 225.
The Foreign Market is extremely inactive.
turkish 6 per cents. have declined to 933, and the
tPer cents. to 99i and 100. Belgian 41 per cents.
Le 96, and the Dutch 4 per cents. 951
Wile following are the nominal prices of Foreign
2'6e2eks:—Grenada Deferred Bonds, 6171; Mexican,
It 1 ; Peruvian, 80 81 ; ditto 3 per Cents., 56 57 ;
grtuguese 4 per Cents., 47 49-; Russian 5 per
°21%8•,104 6 ; ditto 41 per Cents., 92 94 ; Spanish
Cher Cents., 42k ; ditto Deferred, 23i ; ditto
°.„rtificatos, 41 5 ; ditto Passive, 61 i•
it4tuilway Shares are all rather heavier, but the
nsactions are of a limited character. The de-
-li3One in several instances is ss. to 10s. per share.
it..r'4ign and Colonial are dull.
pa'l,,,!lling, Banking, and other shares were without
National
change.
4ational Discount Company's Shares are k to
2 preen.

441T1311 FUNDS THIS DAY AT ONE U CLOCK.
(Proms tht Ofixial List.)
Buiines• done.
1641,5_k Stock 2l3i
a Pot' Uent, Redr.ccd Annuities.,,
wi,:q Cent Consols Annuities 904 3 i
• 01,
" Crn Cent. Annuities .... ...........
to 2i per Cent. Annuities 74
h°4 Annuities, expire sth .Jau. 1860 —
liiclitto 30 Years, expire sth April, 1885 l6i
14,-4 Stock 225
/3',4, %lids £lOOO
"to. under 21000 2 d
40to tor Account
Et 1, 904 1i 901
-e.•equor Bills, 2id•
£IOOO
4560 ' . —.
3d
Ditto • •
hitte Bonds, 1658, 34 per Cent 9i
1.-'4eit OF FOREIGN FUNDS AT ONE O'CLOCK.
14,F-15141, Bonds, 6 per cent
Ditto Aeco t 931
131.).itt0 New Scrip 4 per Cent —
1099 i 100
the above payablefi.anes In London.
-ki)
tribl ;110'121v Accounth urd 8C
"a
n tt.h,
44 per Cent.. ex. 25 francs 96
biell Exchange, 23 per Cent., 12 Gail ...
l't° 4 per Cent. Certificates

Conßole TWO O'CLOCK.
I°,zeuut ooi
90i

912 p

5
5
10