The Sun.
London, England, 1856-11-26 00:00:00

RIONE Y MARKET

4NL

TN't EL LT YES

Two

The Liverpool Cotton Market yesterday closed
heavily, and prices of all kinds were without
ehange. The sales were 4,000 bales. The Railway
Share Market was steady, at full prices.
Advices from the foreign wool markets state
that as Pesth there has been a good demand at
firm prices, and medium, as well as fine sorts,
have risen 2to 5 florins. From Breslau we learn
that the price of the raw material has suffered a
decline, and at Moscow there has been a good deal
of activity in consequence of the shortness of the
stock. Washed wools of fine quality realised 33 to
34 roubles, and middling kinds 29 to 32 roubles.
At Chardow, during the October fair, the supply
• was about 21,000 poods, and, in consequence of
the active demand, quotations had advanced. The
Marseilles silk market is described in the aslvices as
being dull, with a downward tendency in prices.
At Milan, on the 15th inst., there was very little
activity in this article, but an improvement in this
respect was soon expected. Prices, however were
well supported.

The amount of bills drawn by the Hon. East
India Company, on the three Presidencies of Ben-
gal, Madras, and Bombay, from the 9th to the
25th Nov., has been :
On Bengal £15,481 4 4
On Madras 5,986 5 0
On Bombay

Total 22,077 9 4
The holders of Buenos Ayres Bonds are now
holding a meeting, and the principal subject for
consideration is the following plan which has been
proposed by th© Government of the Republic for
the adjustment of this deist :
In payment of the interest in arrear to the da'e when
the final settlement takes place, and for its entire
atnount, new Bonds will be issued of 201. and 501. each,
or of large amounts, as may be convenient to the bond-
holders, such bonds being entitled to interest from and
alter the year 1861, as fillows

From 1861 to 1865 inclusive 1 per cent. per annum.
From 1866 to 1870 „ li
3,
From 1871 and after 2
91

A sinking fund being setapart from 1861 from the new
bonds until their entire redemption of 4 ptr cent. per
annum (one half), or say the 200th part of the whole
amount, or if more agreeable to the creditors, the Govern-
ment propose that 3.4 hs of the whole amount
of the arrears of inter, st (or 75 per cent.) only
be recogni,ed, issuing in payment of this
sum, bonds to bear interest as 1.110,vs :
From 1361 to 1865 inclusive, 1 per cent, per annum.
From 1866 to 1870 „ 2 ~ ~
From 1871 and after 3 tf
There still being set aside from 1861 as a sinking fund for
such new bonds us•til their entire redemption, 6 per cent.
per annum (one-half), or .ay the 200th part of the whole
amount. In any event the Government ~f Buenos Ayres
Will remain at liberty to apply to the redemption of the
new bonds, by means of public or private purchase, any
sums which it might find convenient at any period after
their issue, and even before said bonds commence gain-
ing any interest whatever.
In payment of the deficiency arising (36 000/ ), be-
tween the sum assigned for the payment of interest on
the original debt in 1857 and 1858, and what is esta-
blished in the contract, there will also be issued, at a
fitting opportunity, new bonds under the same condi-
tions
date, proposed for site payment of the intt rest due to
Any arrangement which may be settled upon the pre-
ceding bases will not take effect until a'ter having been
approved by the Legislative Chambers, towards which
end the Government of Buenos Ayres will cause it to be
presented to them as soon as concluded.
The prospects of the general Money-market were
eonsiderd to have improved so far as to justify the
expectation that a reduction in the Bank mini-
mum will soon be made. This impression stimu-
lates the upward movement in the Funds, and,
at the same time, checks the demand for
money, because parties defer obtaining more
accommodation than they immediately require,
in the hope of procuring it, ere long, upon easier
terms. At the same time the Lombard-street
houses are charging within a fraction of the Bank
rate for the negociation of 60 days' bills, and
as the Directors are likely to proceed in the
most cautious manner, the idea that a reduction
Will be made at the sitting to-morrow is not shared
in by the majority of those interested in the course
of monetary events. The bullion has received
some very material additions, and the Reserve has
Probably also been augmented, but the de-
and for money is still active, and several
other circumstances of minor importance will
have to be carefully considered before the Directors
will be induced to relax their restrictive policy.
TO-day the inquiry for discounts is quieter, and
th®
quotations rather tend downwards. On the
Stook Exchange the demand for money is not very
active- The rates of " continuation " in the
share Market, however, are heavy, and for Con-
sols the quotation is still 1 per cent.
The Funds are rather firmer, but speculation is
quiet, and the real purchases are not very nume-
rous. During the next day or two the arrangement
of the Foreign Stock and Railway Share Accounts
will occupy chief attention, and the Consol settle-
ment will also soon have to b
money have been 93 e effected. Consols for
i 94 and 941 ; for December
94 to 944 and 944 ; The New Three Y
and fur January 944 95.
per Cents. are marked 93 to 931,
3s. the Reduced 921 93, and Exchequer Balls is. to
premium •; the Bonds are 98i 99. Stock is 2154 to 217, and India Stock
225. Bank
There have been but few dealings in the Foreign
Stock markets to-day, and prices generally are un-
altered. Turkish 6 per Cents, for money brought
93 and 93a, and for the account on the 16th
December, 934 ; the 4 per Cents, were 1004, 1004.
Russian 5 per Cents. were dealt in at 1061. Dutch
2i per Cents. were 65, and the 4 per Cents. 964
to Hi.
The following are the nominal prices of Foreign
Stocks :---Grenada Deferred Bonds, 6i 7 ;
oan, 224 1; Peruvian 4i per Cents., 77 8 ; ditto
3 per Cents., 55 6 ; Portuguese 3 per Cents.,
44 6 ; Russian 5 per tents., 94 6; Spanish 3 .0 Cents., 106 8 ; ditto pQr
per Cents 411 24 • ditto
New Deferred, 234 4; ditto Certificates, 5i ;
ditto Passive, 6
In the Railway Share Market this morning very limited business has been reported, and wgitha
one or two exceptions the quotations of
principal lines have undergone no most of the
lion
.altera
tion from yesterday's closing rates.
im-
proved
ss. ; East Lancashire, ss. uan
ss. ;and Great Western
10s, Great 'North-Western,Nor.thernd
dined 10s. The French and Canadian lines have
also exhibited a downward tendency. Great Central
of France declined 1/., and Paris and Lyons 10s.
Grand Trunk of Caned Great Western of
Canada about Sc, Thea Eastand
India, lines ruled
steady. Joint-Stook Bank
Shares
have been rather
buoyant, Bank of Egypt, meroial of London,
and Union of A.usiralia,
minttaetr improved quo-
tations ; London and West
, and Ottoman
Bank, however, slightly declined,
n Miscellaneous shares prices ruvle
tal Palace Preference Shares ad
ande aced steady. Crys-
Royal Mail Steam are quoted 66. Os-, and

BRITISH FUNDS THIS DAY AT trls.l. ~,.„,
( From the Officw2. Lig kj
.) ,,0
Bank Stock
1, rvn., don„
A 215
3 per cent. Reduced Annuities -
'#4 34 4i
3 por Cent. Consols Annuitie.
921-i 3 ;
1 a
Now 3 per gent. Annuities
Long Annuities, expire sth Jan. 1860 2 13-16
India Stock
Consols of Account 9l
t rchequer sills, 20.
1 p
ic;1006 ........... ~ , „ ... .
5
£5BO ... .......... .. ..... ~
irriall ....... ....... . -
Ditto Bonds, 1858,,
9 2 5 p
3i per Cent. 9B
Ditto, 1859
.......... .. .
lilt] oF,B oF FOREIGN' rONDS AT (INK °'()L(1(11.
Titßussian Rondo, 1822, e St., 5 per Cent .loiii
it isi, B;uds .i 7,u.r rle,‘t
....
..
•
Ditto account, December 18
Ditto Guaranteed, i pel Coat.
en , .rn• ahnry 10 ~ ,
Dutcl, Exchange, 21 per Cen:;., 12 •
Guilders 65
Ditto 4 poi Cent. Certificates
TWO-O'CLOCK.
ci -O'CLOC E.
C.,ne,ls(Money)
..................i
Ditto Account
................... .. 941 94.. 94k 94i
Ditto Account (January) ...
..
...... 941 95
~...MRDIes.L REFollll.—Yeaterda putation of the
aledical Reform Committee of the Metropolitan Counties
Branch of the British Medical Association, consisting of
sir C. Iteetinge (chairman), Dr. G. VVebster Dr. Lan-
Deltr. sr* kr. Nunneley (Leeds), Mr. Stedman (Guildford),
lie74tilt and D Henry, had an interview with the
ecteob_e I?..;esident ro.f the Board of Health, on the sub-
4 1401010 reform,

5
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