The Sun.
London, England, 1856-08-20 00:00:00

MONEY MARKET

AND

COMMERCIAL INTEL:GIGENCE,.

CITY, Two o'CLoox.,

The Liverpool Cotton Market, yesterday, closed
quietly, at the full prices current on Friday last.
The sales comprise 6,000 bales, 2,000 for export,
and 500 on speculation, including, in addition to
Americans, 100 Pernam and Maranham, at qd. to
6;d. ; 100 Egyptian, at bid. to 7/d. ; wad 300
Surat, at 4id. to 41d. per lb. The Railway Share
Market was quiet, and closed steadily, priz•as being
a shade better than on Monday.

Accounts from Athens state that the commercial
community of that city have experienced a consi-
derable loss through the total destruction by fire
of the bonded stores belonging to the Customs.
The loss is very severe, for not only are the ware-
houses completely consumed, but all the merchan-
dise which they contained, and neither goods nor
buildings are insured, so that many of the unfor-
tunate merchants who owned them will be almost
ruined by this disaster. Amongst ether articles
of value is a valuable library, belonging to the
Greek Consulat Marseilles, who had the books lying
there in cases for several years bacL. Many of the
sufferers have lost 10 to 15,000 drachmas cash, and
the total amount is estimated at about half a mil-
lion ditto.

The commission appointed by the Turkish Go-
vernment to consider the financial projects brought
before them have at last come to the resolution of
recommending the establishment of a National
Bank with a capital of 3,000,0001. sterling, to be
issued in shares open to the subscription of all
foreign capitalists. This Bank is to have the pri-
vilege of issuing notes, and power, it is said, to
contract a loan of 5,000,0001. in the name of the
Government.

The Walmer Castle has arrived front Melbourne
with 61,000 ounces, valued at 244,0001. Her ad-
vices -have been anticipated by the Royal Charter.

Symptoms of returning easiness in the Money
Market have been apparent during the last day or
two, produced no doubt by the recent arrivals of

specie from Australia and America, and the not
unfavourable position of the Banks of France and
England. Accommodation on first-class commer-
cial bills can be procurel in Lombard-street as low
as 4 per cent., or per cent. below the Bank of
England rate. No one, however, has yet thought
of predicting a reduction in the minimum at pre-
sent, for the progress of affairs in the money
market during the last few weeks has shown that
there are now so many exceptional causes in
operation as to prevent calculations being formed,
with accuracy, of the future. The specie movement
excites a considerable share of attention among
capitalists, since the efflux to the East and to
France continues on an extensive scale. The
Peninsular and Oriental Company's vessel Pera,
which leaves Southampton to-day, takes out
516,580/. to India alone, as follows :
Alexandria gold £9,950
Aden silver ... 3,552
Bombay silver ... 220,195
Ceylon gold 6,000
Madras gold 1,570
Do. silver ... 4,950
Calcutta silver ... 270,363

Total .£516,580

In the present position of the Riga and Duna-
berg Railway Company, rendered more unsatisfac-
tory by the determination of the Stock Exchange
Committee to expunge the shares from the official
lists, the directors have postponed the calling up
of further capital for the present, with the belief
that they will soon be able to restore public
confidence in the undertaking. In order,
however, not to injure the prospects of the
Company, it is reported that they have agreed
among themselves to subscribe the sum which
it is necessary to lodge with the Russian
Government as caution money. The directors,
therefore, it would appear, are sanguine of Toeing
able to proeure by the approval of their sta.tu tes
a confirmation from the Russian authorities of the
statements which were made when the company
was first brought forward. There can be no, doubt
that the directors were misled, but not to so serious
an extent as many have supposed. If the esti-
mates of the cost of the line which have been sent
in are approved, the position of the undertaking
will at once be permanently established.
The market ft.r English Securities continues
without any movement of importance. The fur-
ther arrival of gold from Australia would, no
doubt, have produce i a favourable effect on prices,
especially as the Money Market is getting
easier, but for the unsettled s'.ate of the
weather, which is exciting some apprehension
for the safety of the crops. Scarcely any change
has taken place in Consols, which have ruled at 95
to 95k for money, and 95 for the 10th proximo.
The New 3 per Cents. were 954 to 96, and the Re-
duced 95i 4. Bank Stock is 2181. Exchequer
Bills have risen Is.—viz., to lls. a,nd 14s. prem.
Foreign Stocks have generally maintained pre-
vious quotations, but there is a continued absence
of extensive dealing. Turkish 6 per Cents. are
dull at 103 k. Spanish Threes have been marked
44g. 4, the ditto Deferred 24a , Sardinian 924, and
Russian 4i per Cents. 981. Buenos Ayres are 83
to 85, Peruvian 811-, and ditto Dollar Bonds 611.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 7 4 ; Mexican,
2211-; Peruvian, 811 21 ; ditto 3 per Cents., 571 81;
Portuguese 4 per Cents., 46 7 ; Russian 5 per
Cents., 111 13 ; ditto 41 per Cents., 98 100 ; Spa-
nish 3 per Cents., 44i 5 ; ditto Deferred, 241 ;
ditto Passive, 61 7.

Railway sbares'are without much variation, but
Eastern Counties and Caledonian rule firm, and,
in most instances, the tendency is upwards. The
transactions are very limited, and the market con-
sequently exhibited a very inactive appearance.
Foreign generally rule lower, but Rigas have risen
to it premium. The East Indian are heavy, and
the Canadian nominally without alteration.
National Discount Shares are steady. Miscel-
laneous Shares are about the same as previously.
Ottoman Bank have declined 1.

BRITISH FUNDS THIS DAY AT ONli 0 CLOCK.

( Prom ths Ofscial List. I

Pnsineft. done.
Bank Stock
3 per Cent. Reduced Anuoitiei.... ......... . 953/4 a
$ per Cent. Consols Annuities 95 h
Nev. 3 per rent. Annuities ...... .........
Lang Annuities, expire sth Jan. 1860... 3 5.16
Ditto 20 Years, expire sth Jan., 1860 3h
India Bonds, .t:100 u
Consols for Account
Etchequer Bills, 21d.
J;1000
Small...—. l3 14 p
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Ditto Small lO2l
Buenos Ayres Bonds, 6 per Cent. B5 3
Peruvian Bonds 43/4 per Cent
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853 3 per Cent .. 46i
Russian Bonds, 1822, ,1-.1 St., 5 per Cent....
Ditto 41 per Cent.
Sardinian flcu.la, 5 per Cent.
Ditto Account 921
SPRDiSI' BOWdfi, 3 per Cent — _

. .
Ditto Account
Ditto New Deferred, 3 per Cent.
Ditto Account ... 24i i
Torkibh Bonds, 6 per cent —
Ditto Account lo3}
~,, en 10, on the above ,av *bin la lion 19,
Peruvian Dollar Bonds, 4 per Cent Gli
TWO O'CLOCK.
Consols, money 95 it
Ditto, Account

The Journal of Constantinople announces that,
on the 25th of July, the Governor of Erzeroum
Was officially invited by the Russians to take pos-
session of Kars. _ _

SUSPENSION OF A UNION DOCTOR. —On Monday
night, after a long investigatkn by the Stepney board
of guardians, Mr. Stephenson, of Arbour-square, Com-
mercial-road, East, was su pended from his office, and
a report of the circumstances attending his suspension
was directed to be forwarded to the Poor• Law Board,
at Whitehall, for. the decision of the Commissioners.
Mr. Stephenson was one of the medical officers of the
union, and the parish and hamlet of Ratcliff, and the
parish of Sbadwell was the district assigned to him.
Mr. Baker, the coroner, had occasion to censure Mr.
Stephenson three times, at the request of jurors who had
investigated the causes leading to the deaths of three
poor persons in the district. In the last case the most
gross neglect had been exhibited by Mr. Stephenson.

5
5
20
10

100
100
100
20
20

3121 s

3t.
50
At.
St.