The Sun.
London, England, 1856-09-25 00:00:00

MONEY MARKET

COMMERCIAL INTELLIGENCE,

CITY, Two o'CLocE

The Liverpool Cotton Market yesterday closed
firmly, with a hardening tendency. Prices of Ame-
rican were id. per lb. higher than last week.
The sales were estimated at 15,000 bales, com-
prising 5,000 Pernam and Maranham at 01d. to
7d. ; 700 Egyptian, at Gd. to Bd. ; and 1,500
Surat, at 4id. to 51d. per lb. The Railway Share
Market was quiet, but prices were steady, at Tues-
day's currency.

Advices from Turin state that the drain of silver
specie has been going on for some time in that
city. Almost every diligence which comes from
Lyons brings hundreds of thousands of francs and
crowns in payment for silks and other raw produce,
which disappears from the bank shortly after it
arrives. The exports of specie to Naples, Geneva,
and elsewhere, amour t to many millions of franc,
in a week, to the great injury of commerce. The
Bank have given notice that they will not discount
to merchants in specie for some time, as they have
only one million of crowns in cash for three mil-
lions in notes, which causes any decrease of coin to
create great perturbation in the money-market.
The provisional agreement made with the Great
Nor them of France Railway Company for leasing
the Mons and Menage line was agreed to this day,
guaranteeing 6 per cent. per annum on the origi-
nal shares.

2Lt appears that the recent resolution of the Bank
of Belgium with regard to the exchange of French
20C. pieces in gold, at a discount of 21 per cent.,
ha 3 created much embarrassment, and given uta-
k% tge to the French Government. The rate of
exchange in silver is 19f. 80c. for the 20f. piece,
but even this is not easily obtained on account of
the scarcity of silver in Belgium, while the holders
of' notes can demand payment in sf. pieces, so that
it benefits them when they exchange their silver
for gold and remit the same to France. It is hinted
thal% the attention of the Govern ment has been
dram rn to the subject, and that they may prohibit
the c urrency of Belgian 20f. pieces in France.
The Directors of the Bank of England have
held their meeting, and no alteration has
been announced in the minimum rate of dis-
count 4 although there was an impression in
some quarters that an increase of 1 per cent.
would have been deemed advisable. During
the l ast few days the demand for discount
accommodation has been very active, and full rates
have lbeen current ; but the principal circumstance
which has given rise to the expectation of an ad-
vance is the restrictive policy now pursued by the
con tinental banks. In Prussia the pressure has
been, so se/ ere that the Bank of Berlin has raised
the rate from 5 to 6 per cent., although it is not more
than a fortnight since the rate was altered from 4
to 5 per cent. Notwithstanding the quotation in
Threadneedle-street is still 4i per cent., there is
every probability of a change before long, and many
sup pose it cannot be deferred beyond next week.
English Securities at present attract little atten-
tion, the various markets having become much
quieter. The quotations continue heavy. At
the commencement of business, the Funds
were) at almost nominal quotations, an indis-
position being evinced to operate until the re-
sult of the Bank " parlour" meeting was ascer-
tained ; but when it was reported that no
change had been determined upon the market
sli,ghtly improved. Consols for transfer have been
93:,: to 94 and 93i to 94 ; for account they have
been 93i to 94 and 944. Exchequer Bills are
steady at 13s. to 17s. premium, and East India
Bon cis are marked 14s. to 173. premium.

The Foreign Market has remained in a dull
state, and prices have not varied to any material
extent. Turkish 6 per Cents. have been 1014 to
i 4102, but the 4 per Cents. are nominal. Spanish
"hrees are 43k, and the Deferred 241. Russian
'ives are !firm at 108, and Peruvian ili- per Cents.
t 79i f. Buenos Ayres are flat, being 80k.
Du tch 2i per Cents. have been marked 64 i.
The following are the nominal prices of Foreign
gtoc:':s : Grenada Deferred Bonds, 7 to 7i ;
Alexican, 22i to i ; Peruvian, 79 to 80 ; ditto
8 per Cents., 57 to 58 ; Portuguese 3 per Cents.,
44 to 45 ; Russian 5 per Cents., 107 to 109 ;
ditto 41 per Cents., 96 to 98 ; Spanish 3 per
Cents., •4 31 ; ditto Deferred, 24k i ; ditto
Certificates, 5i 6 ; ditto Passive, 6 7,
Ph.e last week's railway receipts, ascertained up
to this: day, aro in round figures as under :--

1856. 1855.
Gre at Western
Noi th-Western
Sou th-We stern
Ed; rhtcn -
tlit'Lland.
gout h-Eastern - 25,910 25,747
Calty lonian
Gres ,t Northern
Lana 3ashire and Ysrkshire
Eris tel and Exeter 7,735 6,762
Chei .ter and Holyhead
East Lancashire
plan cheater, Sheffield, and Lincoln 10,043 9,377
Norl ,h London
I,Tort Lh British 5,666 5,541
Mort h Stafford
Oxfo, rd, Worcester, and Wolverh 4,435 4,006
Taff-Wale 4,633 2,760
111 stel"
....tzitriburgh and Glasgow ...... _ 6,379 5,918
4,i'inburgh, Perth, and Dundee 7,426 6,215
CIL %vow and South-Western
,Q,.- eat Western of Canada 12,298 9,288
No rthern of France
ltailway Shares are all at improved rates, the
gen eral advance on the heavy stocks being 1 to i.
Ther e is not much activity, but a moderate
%mount of business has been done in Great
West erns, Midland, Caledonian, North-East-
ern (Berwick), and Lancashire and York-
shire . Foreign and Colonial Railway Shares
tema in without much fluctuation. Rigas are firm.
Mii,uing Shares have been dull, but in those of
the ~)', oint-Stock Banking Companies there is still a
large business. To-day, however, they are rather
4me r.

Ifi scellaneous descriptions are still inactive.

BRIT; CM FUNDS THIS DAY.-CLOSING PRICES.

( 1 rem the Official List:

Busine►• done.
a per Cent. Consols Annuities g3i 4 31 4
Indin. Bonds. £lOOO
DIM ,o, under £lOOO l4 17 p
Cons& Is for Account
Esc hequer Bills, 24d.
LIOOO
£500
Smell l7 13 16 p

PRICES OF FOREIGN FUNDS THIS DAY.
trazi Ilan Bonds, 5 per Cent
Di' tto New, 1829 and 1839, 5 per Cent lOl
alien os A yres Bonds, 6 per Cent. SO A 1
grert, %do New Active, 21 per Cent 221
Di t to Deferred 7l
Itexick in 3 per Cent 223
?erevi 'ln Bonds 4i per Cent 79i 1
Ditto 3 per Cent —
... Ditto Account 54
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto. 1853, 3 per Cent 44k
Russian... Bonds, 1822, £ St., 5 per Cent lOB
op eti,i,) - Bowls, 3 per Cent —
Ditio Account
titto New Deferred, 3 per Cent.
nrkiet• L Bonds, 6 per cent lO2 11 I
Ditto. Account ..
Ditto Guaranteed, 4 per Cent.
Ditt, , Account lO2l
Dtviriends on the above payable in London.
'ranch Itontes, ,q• per Cent.
Ditto 3 per Cent. ...... .. ... ............ 69f.75c. cx 25f. Tile.
Dutch _Exchange, 2i per Con.:;., 12 Guilders 64k 4

THREE O'CLOCK.
Coq tßolg, money 93i 4
Dit to for Account, Oct. 8 94 a

ROT'2I4 BRITISH BANK.—The parties to the petitions
fer winding-up the Royal British Bank attended yester-
day before Vice-Chancellor Kindersley, at the Angel
Bvry St. Edmunds. There were four petitions,
hnd the Vice-Chancellor made the i,rder for winding-up
the hank.
PRESENTATION OF A CASKET CONTAINING 1,000
NOVERISIGNS AND A SILVER SALVER TO THE HON.
F. It F. BERKELEY, Q.T.P.--Yesterday afternoon the
Nl:mitt:Be appointed for raising a subscription to present
the Hon. F. H. F. Berkeley, M.P. for Bristol, with a
suitable testimonial for his services in causing the repeal
of the late Sunday Beer Bill, met in one of the rooms of
the Athenzeurn, Bristol, anti presented the hon. member
with a casket containing 1,000 sovereigns, and a silver
salver weighing 100 ounces. The casket is of oak, and
studded with Bristol diamonds. After the presentation,
the cash was deposited at Stuckey's Bank, to be traue•
'erred to the lam putlemao Latin bankers.

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