The Sun.
London, England, 1856-11-28 00:00:00

r/lONEY MARKET

3.1T11 f . TNT 'r:, ~y>:

OIT . Two

Letters from Liverpool state that the Cotton
Alarket yesterday closed quietly, and prices of all
kinds were unaltered. The sales were estimated
at 6,00() bales, 500 of which were taken by the
exporters. The Railway Share Market closed
heavily, and a moderate amount of business was
transacted.

The transactions in Foreign and Colonial produce
during the last week have not been very extensive,
and, in consequence of the expectation that prices
will advance, holders have brought for ward only
limited supplies, and thus the quotations have
been well kept up. On Wednesday and yester-
day there were no public sales of sugar, hut,
owing to the speculative demand, prices have
ri.en Gd. per cwt. There has been a fair in-
quiry for Plantation Ceylon. Coffee at full
rates and Native Ceylon has also been wanted.
Tea has realised full rates. Rum has been
more inquired for, and rice has been in
fair request, at a decline of Gd. to ls. per cwt.
Spices have been dull and rather heavy, particu-

larly mace and nutmegs, which are ld. to 2d. per
lb. lower. A large business has been done in
saltpetre, at a rise of is. to 2s. per cwt., and yes-
terday 50s. per cwt. was refused for fine descrip-
tions. The refiners have raised the prices from 545.
6d. to 555. per cent. Cochineal has been steady,
and tallow is rather dearer.

The public sales of foreign and colonial wools
are procceeding with animation, and prices have
' ruled very firm. The last sale is fixed for next
Saturday.
The advices from Paris relative to the position
of financial affairs are more favourable, and the
next monthly return of the Bank of France is ex-
pected to exhibit a material improvement in all
the chief departments. Speculation on the Bourse
is very brisk, and the Rentes as well as railway
shares are exceedingly buoyant.
The demand for money is more active to-day, and
the rates charged are firmer, owing probably to the
maintenance of the Bank minimum. Approved bills

however are still negotiated below that quotation.

Many persons express dissatisfaction at the course
adopted by the directors of the Bank yesterday in
not lolvering their terms of discount. But those
Who properly weigh all the circumstances connected
svith the money market consider that any measure
of the kind, so soon after the rates were equalised,
Would have been very premature. Of course, on a
subject of such vital importance to the commercial
interest, there is much difference of opinion, but
it is generally felt that no relaxation should take
Place until the mercantile bills falling due on the 4th
prox. are liquidated. The Bank of England Return
this evening is expected to show a large falling off
in the other Securities, besides other encouraging
alterations.
The Funds are a shade flatter, although no
important circumstance has arisen to check
the buoyancy recently noticed. The account,
however, is now drawing to a close, and although
confidence in a further improvementmay be strong
some of the operators for a rise will no doubt take
their profits, instead of " carrying over" at per
Cent., the present charge. Consols have been
94/ and 94k for money ; 941 h for the 4th
proximo, and 95 to 951 for January. The
New Three per Cents, are marked 931 1, the
Reduced 93 to 93k. Exchequer Bills 2s. to ss.
premium; and ditto Bonds 98i Bank Stock
is 215 to 217.
A fair business has been transacted in the foreign
market, but the prices are in some instances rather
fat. Turkish G per Cents, are 941 for mouey,
and 94'i for the account. The 4 per Cen's,
are 101 to 1011. Spanish Deferred are 231.
Sardinian 5 per Cents. 91-i to 92, and Dutch
2i per Cents. 651 Mexican stock has been
dealt in at 221, and Grenada New Active Bonds
are 22 to 221,
Messrs. D. Bell, Son, and Co. report that the
market for American Securities during the past
week has been quiet. The transactions in State
stocks have been unimportant: The actual busi-
ess in the variors railroad bonds has been limited,
but transactions generally have been at improved
Prices. The demand for Illinois Central shares
continues, and there are still buyers at 13, and
Sellers at 13i pm.
Redeemable. Per Cent.
United States 6 per Cents. 1867-1868...105 105
United States 6 per Cent. Bonds 1868...105 1051
STATE SECURITIES.
Alabama 5 per Cent ... 80
Xentucky G per Cont. Bonds lB6B-1872... 90
Maryland 5 per Cent. (Sterling Bonds)... ... 89 91
Massachusetts 5 per Cent. (Sterl. Bonds). 95 97
Mississippi 6 per Cent. Pl. Bk.
Bonds lB4l-1371...43 45
Mississippi 5 per Cent. Union Bk Bonds ••• 16 18
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds 1877... 79 81
Virginia 6 per Cent. Bonds 1886... 83 85
Virginia 5 per Cent. (Sterling Bonds) 1888... 81 86
LOANS OF CITIES.
Boston 5 per Cent. Bonds
Montreal 6 per Cent. .... 1883... 85. 8 7...
New Orleans 6 per Cent.
.... 85618822 NSO
RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible ................. -a-e'1875
Illinois Central 6 per Cent ........... : . 7883 8804
Illinois Central 7 per Cent. Freeland
Bonds 1860... 94 95
Illinois Central (Shares). V 25 paid .
... 13 13p
Michigan Central 8 p. Cent., Convert 1860...
Do. do. dn. ........
New York Central 7p. Cent., Convert 1864... 92 94
New York Central 6 per Cent., not
Convertible 1883... 78 80
New York and Erie 7 per Cent. 3d Mort-
gage 188.3... 83 85
N.York and Erie 7p. Cent. Convertible 1862... 80 82
N. York and Erie 7 per Cent. Sinking
Fund 1875... 82 84
Panama 7 per Cent., Ist Mortgage (Ster-
ling Bonds), not convertible 1859... 90 92
Panama 7 per Cent., Ist Mortgage 1864... 88 90
Pennsylvania Central 6p. Cent.. Ist Mort 1880... 88 89i
A very active business has been done in Railway
Shares this morning, and an important improve-
ment may be quoted in the values of almost all the
principal lines. An advance of about 1/. has taken
place in the following lines :—Bristol and Exeter,
East Lancashire, Lancashire and Yorkshire, and
Midland, and about 10s. in Brighton, South- W es-
tern, Manchester, Sheffield, and Lincoln, and
South-Eastern. The French lines also improved
10s. to 11. ; and the Canadian, East Indian, and
Belgian lines were firm.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6i 7 ; Mexi-
can, 221 ; Peruvian 41 per Cents., 76 8 ; ditto
" per Cents., 54 6 ; Portuguese 3 per Cents.,
6 ; Russia 5 per Cents., 106 8 ; ditto 41 per
gents., 94 6; Spanish 3 per Cents., 41 21 ; ditto
New Deferred, 231 ditto Certificates, 5t ;
ditto Passive, 6
Joint Stock Bank Shares have been rather
active ; in some instances rather improved rates are
e.urrent.. Union of Australia and Union of London
'Ave improved about 10s., and London Chartered
of Australia 10s. Miscellaneous shares have ruled
dull. Peninsular and Oriental Steam declined 1/.,
and Royal Mail Steam advanced 1/. to 1/. 10s.

IRITISH FUNDS THIS DAY.—CLOSING PRICES,
(From the Official List.)

nn..,.,,,. done.
215
Rank Stock
I
3 per Cent. Reduced Annuities
"411'3
3 per Cent. Consols Annuities
3 2 per Cent. Annuities
79
New 4 per Cent.
•
" per Cent. Annuities Annuities
11G
_
India Stock '
la iia Sonde, £lOOO
Ditto, under £lOOO 2 p 3 d
Consols tor Account 94
. •
Etahequer Bills, 24d.
5 £1000.......... -. .....
25p
2500 . 2 P...................................... 5 2 p
Ditto Bonds, 1858, 34 per Cent
Ditto, 1359
....... '......_
PRICES OF FOREIGN FUNDS THIS
Ruenos A yres Bonds, 6 per Cent. s DAY.
Milieu Bonds, 6 per Cent lO5
Grenada Now Active, 21 p Cent
er . 22
Mexican 3 per Cent,
Ditto Account
........................ ....
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 por Cant„
Sardinian Bonls, 5 por Cent......
..........
...
Ditto New Deferred, 3 per Cent.
Ditto Account ............
BPanish Committee Cert. of Coup. n3t. fun. 51
Talc it.h Bonds, 6 per cent ..................... 94i $ $ 5i„11 5i
Ditto Account ...........
Ditto Guaranteed, 4 per Cent.
Ditto Account
... ...... ... 101$
niv,,,ends 1. the above pavan'', in Tr don
Dutch Exchange, 2,1 pet Con:;., 12 Guilders 65i
Ditto 4 per Cent. Certificates ....... ...... 964.
CLOCK.O'
Consols (Money) TIIREE
...... 9 $
Ditto (December 4) ........................44 ......... . ........... 94$ 4