The Sun.
London, England, 1856-02-18 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoeK.
The Liverpool Cotton Market on Saturday
closed at the extreme rates of Friday, but with
more activity ; speculators anticipating a better
demand next week from a rise of prices in the
United States' markets on the peace news. The
sales were estimated at between 8,000 and 9,000
bales (2,000 for export and 1,000 on speculation),
comprising 230 Pernam and Maranham, 6d. to
6ad. ; 100 Bahia, 6d. to 6 d. ; 400 Egyptian, 6d.
to 92d. ; and 2,000 Surats, at 4d. to 42d. The
Railway Share Market was quiet, and quotations
were rather easier than on Friday.
Accounts from Egypt mention that the crops
this season are particularly good, in consequence
of the abundant flow of water from the Nile upon
the agricultural lands. During last season the
Government was afraid of a dearth in the country,
and prohibted the export of grain for a short time.
This caused them, on the subsiding of the waters
in November, to encourage the husband men to
extend their plantations this season, and now
that the crops are far on in ear, it
is calculated that there will be 3,000,000 hectolitres
of grain and cereals of all kinds over and above
the consumption of the country, so that Egypt is
likely to export largely during the present year.
This circumstance, with the probable opening of
the Russian ports in the Black Sea, will tend to
keep down the price of grain at Marseilles and
other markets on the shores of the Mediterranean,
even should the present tendency to rise in the
Western continental grain markets continue.
Advices from Panama state that the Golden
Gate had arrived at that port from California with
1,976,928 dollars of bullion. The most satisfactory
accounts have been received from the gold fields.
There has been an abundant supply of water, and
consequently plenty of work; and a large yield is
expected. In the agricultural operations of the States
the results are likewise cheering. Not only are the
farmers able to grow sufficient wheat for home
consumption, but there has been an export to
Australia and New York during the past year.
The total quantity raised in the State in 1855 was
3,525,444 barrels, and the export was equivalent
to 142,566 barrels. The export of gold during the
same period was valued at 45,182,631 do!lars ; and
of ether exports, including quicksilver, 4,189,611
dollars.
By telegraph from Liverpool it is announced that
the American steam packet Africa has arrived in
the Mersey, with 310,000 doll. in specie, and ad-
vices from New York to the 6th inst.
The English Stock Market has been quiet but
steady, at about the closing prices of Saturday.
The particulars of the new loan have been awaited
with considerable anxiety, and 'the speculators
have naturally been undecided how to operate.
Consols for money have been 90i 1 to 904
and 904 to 9041 I for account ; but they now
rule at 90f to 901 for the former, and
901 to 90i for the latter. The New Three per
Cents. are 91i to 91i, and the Reduced Annuities
954 to ; Exchequer-bills are ss. and 2s. discount.
Foreign Securities are heavy at the following
quotations, with very little business doing. Turk-
ish 6 per Cents. 93 to Ditto t per Cent. Gua-
ranteed Stock 1004. Mexican 20g. Spanish 3 per
Cents. 424. Venezuela 41 per Cent. 28& 291.

The Committee of South American Bondholders
have received a further remittance of 2,0151.
18s. 10d. on account of the Equadorian divi-
dends.

The following are the nominal prices of Foreign
Stoeks:—Grenada Deferred Bonds, 617;#; Mexican,
24j ; Peruvian, 79 81 ; ditto 3 per Cents., 54 56 ;
Portuguese 4 per Cents., 47 49 ; Russian 5 per
Cents., 104 6 ; ditto 4 per Cents., 92 94 ; Spanish
3 per Cents., 42k ; ditto Deferred, 231 f ; ditto
Certificates, 41 5 ; ditto Passive, 61 I.
Railway Shares are lower than the closing quo-
tations on Saturday. Great Western, ss. to 10s.
less; London and North-Western, 55., and Mid-
land ss. ; Great Western of Canada continues firm,
and Great Luxembourg are inclining Upwards.
In Miscellaneous Shares there is scarcely any
business doing, and prices are nominal.

BRITISH FUNDS THIS DAY.--CLOSING PRICES.
( From the Official List.
Tingines, done.
Bank Stock
3 per cent. Iledzced Annuities.
3 per Cent Console Annuities 904 y 1
Now 3 per Cent. Annuities ......... 911 3 6
Long Annuities, expire sth Jan. 1860... 36
Ditto 30 Years, expire sth April, 1585... iti 11-16
India Stock 225 6 3
Consols for Account
Borchequer Bills, 26d. _

£lO6O . -
.... ~.
£560 1
%all par
Ditto Bonds, 1858, 3i por Cent —
Ditto, 1859
PRICES OF FOREIGN FUNDS THIS DAY.
Brazilian Bonds, 5 per Cont. —
Ditto Small
Equatior Bonds
Grenada New Active, 1i per Cent.
Ditto Deferred
Mexican 3 per Cent. -
__..

Ditto Account .
Russian Bonds, 5 per Cent., 1822, £ St lO5
15P,,ish Bowie, 3 per Cent —
Ditto Account 42. 1
Ditto New Deferred, 3 per Cent.
_—
_ _ _

. .
Ditto Recount
Turkitsh Bonds, 6 per cent l)3
Ditto Aeconnt
Ditto Small 933/4-
Ditto Guaranteed. 4 per Cent lOO .1 k
Vonezucla Bonds, 41 per Cent
Ditto Deferred, 13 per Cent. .. l2
Dividends on the above payable in London.
French Routes, 4k per Cent. -
Ditto 3 per Cent 74f 75c ex 25f 30e
Dutch Exchange, 2k per Cent., 12 Gull ... 634
THREE O'CLOCK.
C meolP money
Ditto Account, March 11... .....
The market rather excited.

THE LONDON ORNERAL OMNIBUS

COMPANY.

This new company exhibited on Saturday, for the
first time, at its offices, 454, Strand, the designs for-
warded in competition for a prize of 1001., to be awarded
to the best plan of vehicle adapted to its traffic. The
judges selected to decide the prize are Mr. Charles
Manhy, Mr. George Godwin, and Mr. J. Wright, car-
riage builder to the London and North-Western Railway.
These gentlemen have not yet determined which is the
successful design, but their choice seems to rest between
two—one sent in by Mr. R. F. Miller, the other by Mr.
Wilson. Both present considerable improvements on
the best forms of omnibus now in use, but whether they
fulfil all the conditions requisite for a esnveyance of the
kind can scarcely be ascertained except by practical
trial. What is required for the proper accommodation
of the public is clearly defined by the company under
the following beads :—lncreased height and width in-
side, improved ventilation, 17 inches straight seat for
each passenger, with room for 20-12 inside and 8 out
Side; easier means of access to the roof seats, greater
Protection there to passengers, reduced noise in motion,
the weight of the whole not to exceed one ton, and
the present outside width not to be materially ex-
ceeded: The General Omnibus Company, in directing its
attention thus early to the essential point of securing
vehicles in which people can travel with a moderate de-
gree of 'comfort, is unquestionably consulting its own
best laterests as well as those of the public ; and not-
withstanding the difficulties which the narrow streets of
London, overburdened with traffic, interpose, we hope
to see its efforts in this direction crowned with success.
Of the 810 omnibuses running in the metropolis it
has now bought up 326, which require some 3,500
horses and upwards of one thousand men to work
them. Some time will probably elapse before the system
of "correspondence " and the other leading features of
the scheme proposed by the company can be introduced.
Meanwhile, it publishes,its traffic returns weekly, and
boasts that they exceed ih amount those of three-fourths
of the railways in the united kingdom. What suits the
wants of the French metropolis may not in every detail
be found to answer for London, but there seems to be
no good reason assignable why, with prudent arrange-
ments, all parties directly or indirectly affected by this
undertaking should not find themselves benefitted by a
concentration of management, admitting of plans being
eeemomieally carried out en a scale suitable to the
wants of the modern Babylon. While the omnibuses
Wire in the hands of a number of different proprie-
tere, each having a practical monopoly of some out-
side district of town, and all fiercely competing for cus-
, t"ners in the centre, this was obviously impossible.
The public, too, will be gainers by having one responsi-
ble body to deal with, instead of many, when abuses
require to be rectified or increased accommodation is
demanded. It will be curious and interesting to watch
lhe progress of this new experiment introduced from
eaece, worked for the most part with French capital,
znd -carried on simultaneously as a commercial enter-
, •Priee'with that other development of the same principle
„Which is embodied in the creation of the Motropolitan
.40 oard of Works.