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

MONEY MARKET

A ND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
Wetly, and compared with Friday's rates prices of
American were rather against the buyer. The sales
Were estimated at 8,000 to 9,000 bales (of which
s°o American were taken for export, and 1,000
en Speculation). The sales include 470 Pernam
and Maranham, at 6d. to 61d. ; 1,500 Surats,
'id. to 4i(1.; and 150 Sea Islands, 101 d. to 2s. 10d.
Per lb.
CoPmercial advices from France, giving an ac-
count of the state of trade throughout the country,
nave come to hand. These show that the resolu-
.,ti°ll of the Bank of France to discount bills at 90
days' sight has produced a beneficial effect
111)00 all branches of trade. It is said a'so
that the rate of discount will be reduced,
la 80011 as the results of the pending nego-
tiations are ascertained to be favourable. In an-
ipation of such a result, many large esta-
blishments have taken measures to facilitate the
4egotiation of bills received from small traders. In
the event of peace being settled this spring, and the
Russian
authorities carrying into effect the pro-
-1)° sod reforms in the tariff, it is expected that the
,_'de of France with Russia will be greatly increased.
, orrderly all articles of French manufacture paid an
elorbitant duty, and created an enormous contra-
band trade. Advices from the manufacturers in the
provinces are very satisfactory. The prices of
Itoollen and cotton fabrics have risen, which pur-
chasers have submitted to, and benefited the manu-
facturers, who for some time past realised an in-
ilefteient profit from their sales. At Paris there
snot
much of importance to remark among the
detail traders. They are all preparing for the sum-
leiar trade, and ordering accordingly. There are
4180 many agents from the provinces and foreign
ceantries purchasing largely, which adds to the
4cti.vity of the manufacturers.
The
prospectus of another Joint Stock Bank, the
"lest Metropolitan," has been issued. The
tticapital required is 300,0001., but power will be
ken to increase it to 1,000,0001. if necessary.
,7'king at the large profits recently made by
t'alilar institutions for some time past, the promo-
:rB appear confident of establishing a successful
mdertaking.
thin Lombard-street, and at the Bank of England,
e demand for discount accommodation has
slightly diminished, and it is expected that rather
eBler terms will soon prevail. As the various in-
stalments on the New Loan fall due, however,
there will probably be an occasional return
.c
ta Pressure ; but some parties are so con-
exit of a continuance of the comparative ease
tc)/vexperienced that an early reduction in the
ank minimum is not considered improbable. On
the Stock Exchange money is likewise obtainable
at
in lower rates, and the charges made for carry-
it:over speculative accounts in Foreign Stocks
the
shares are more moderate than at the time of
me last settlement.
ll\lo material variation has taken place in the
ta
4les of the English Funds, and the transactions
a°° Continued on a limited scale. The market,
however, has not been quite so buoyant, the sales
thet°ck made yesterday having arrested for a time
Upward movement that has been apparent
during the last few days. Consols for transfer
tare been 91i, and since 91a For the account
they Opened at 911 to 92k, then receded to 91i
64 at present rule at about 91i to 92. The Scrip
litr premium. Exchequer Bills are 2s. to 3s.
count for the March issue, and 2s. discount to
2 1:
premium for the June descriptions. The New
per Cents, have been 921, 93, and 931, and the
educed 92, 921, and 92g.
Since the above was written the market has be-
toel. e 'weaker in consequence, of a renewal of specu-
qtiVe sales, and Consols are 9l for money,
4114 914 for account. The Scrip 11 a prem.
There is more activity in the Foreign market,
"flog to the arrangement of the half-monthly ac-
-1101114. Turkish 6 per Cents. are 95 to 951, being
per cent. lower, and the Guaranteed are
Be4N7 at 100. Russian 5 per Cents'. are 104 to 105,
Panish 3 per Cents. 43 to 431, and Mexican 20g
tGrenada New Active are quoted 20i to 21.
3 per Cents. at 831, Brazilian Small 1021,
olt,t° New 1011. Dutch 21 per Cents. rule at
and the 4 per Cents. 95 to 95i.
The following are the nominal prices'of Foreign
te'ka:—Grenada Deferred Bonds, 6171; Mexican,
20e ; Peruvian, 79 81 ; ditto 3 per Cents., 55 57 ;
Portuguese 4 per Cents., 47 49 ; Russian 5 per
Cents., 104 6 ; ditto ‘1 per Cents., 92 94 ; Spanish
z
Par Cents., 42.1- 43 ; ditto Deferred, 23124 ; ditto
Certificates, 41 5 ; Ditto Passive, 6i 1.
Ilailway Shares aro dull, and the transactions
entered into are chiefly in connection with the
settlement.
The Foreign lines are firm, but quiet.
London and County Bank Shares are 10s. lower.
Mining and
and Banking Shares are at nominal rates.

lIR, „n
..1311 FUNDS THIS DAY.—CLOSING PRICES
("Prom the Oftial List. i
lingin.. • clone.
$ „
1.2 Cent. Red ced Annnitios... 9l i 2 81,
't Cent Consols Aunxitics .............. 911 1 i ,$
X: 3 per Cont. Annuities ............. . ... 93 i 2i 3 23
Low 2 i *per Cent. Annuities 77
Ditto
Annuities, expire sth Jan. 1860_
14tto 30 Years, expire sth April, 1885 l6 15-16
14 Bonds 1:1 OW
0 ,liitto, under 11.000 6 d
"R('lm 1,",r Account
Ditto Scrip
11 i pus
Z
zohequel Bills, z6cl. March. June.
41000 . ............ -...... .......... 2 3 d
X5OO
1
Smell
Ditto• ••
Bonds, 1858, 31 per Cant 989
Ditto, 1859

PRICES OF FOREIGN FUNDS THIS DAY.
ilbazillan Bonds, 5 per Cent. . _
Bat° Small 1023
D Bitto New 5 r Cent., 1529 and 1839 101 t
Qat'isit Bonds, ape Cent., 1825 834
brellada New Active, 14 per Cent.
Ililximl 3 per Cent.
. small Bonds, 5 per Cent., 1822, £ St lOl 5
'l)ftnist, tiolints, 3 per Cent
,„ Ditto Few Deferred, 3 per Cent.
•tirkith ilonds, 6 per cent 9si 5 3
Ditto Guaranteed, 4 per Cent. ' 1008
k Dividends on the above Payable In London.
(Igian, 23 per Cent., ex. 25 francs --
,r.eitto 4i per Cent.. ex. 25 frane„s...... 951
`'ltch Exchange, 2t per Cent., 12 Gail ... 634 4
ußto 4 per Cent. Certificates
THREE O'CLOCK.
C ,nsols , money
Ditto Account 9la I