The Sun.
London, England, 1856-02-19 00:00:00

MONEY MARKET

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The Liverpool Cotton Market yesterday closed
with much animation. Compared with Friday's
rates quotations of all kinds were fully sustained.
The sales were estimated at 10,000 bales (of which
1,000 were for export and 3,000 on speculation),
comprising 260 Perham and Maranham, 61d. to
200 Bahia, 6id. to 6d. ; 150 Egyptian, 6d.
to 100. ; 300 Surats, at 31d. to 4id.; and 100
Sea Islands, 10d. to 2s. 2d. In the Railway Shar•
Market the business was of a much improved
character. Th• tone of the market was better and
prices were higher.
Letters from Madrid mention that the general
opinion of the people is not in favour of the pro-
Posed measure of the new Minister of Finance,
Senor Santa Cruz, to replace the octroi duties by
au indirect general contribution. It is said
that the old law was only oppressive on
five articles of consumption, whereas the
new law will be oppressive upon all. That
the old law was only burdensome to the con-
sumer, while the new law will be equally so upon
Consumer and producer ; and finally, that the new
partition of the districts and provinces to come
under the general tax is made with perfect equality.
The retirement of the former able Minister of
Finance, Senor Bruil, is much regretted through-
out Spain, in the present state of financial affairs
of the nation.

Tho Moniteur has published a financial state-
ment of the expenses incurred by the French na-
tion in prosecution of the war against Russia,
which shows a considerable increase yearly, during
the three years it has lasted. The items are as
follows

11123 401,641,8251.
1854 601,251,0251.
18b5 1,079,801,425L

3
T0ta1.... _. 2,082,694,3751. 20
The foregoing shows an increase in the expendi-
turn for the army and navy of France during the et.
Past year as compared with that of 1854 of 20
418,550400 f. ; the total of the year amounting to Ni
more than the two previous years. Should the 81
War continue this year a further increase on 1855 !(0)
expected. These figures are significant of the 25
Pressure upon the financial resources of France, as 25
i"unncing' the Government in the present pacific fii2t;
48Pect of affairs. 10
The half-yearly meeting of the Blackwall Rail- et.
/143' Company was held to-day, when some discus dt
-
BLou took place. The net revenue for the past half- 21
3'4l' was 23,896/. 14s. sd. from which the interest 1.00
asdebentures was deducted, leaving 19,3331.75. 4d. if
tvallable for a dividend of 3s. 6d. per share. There 50
trap some complaint about the falling off in the 20
affic. The report and dividend were agreed to.
st.
4-ce plan proposed yesterday by the Chancellor 50
the _Exchequer with regard to the new loan has st.
igteherally been condemned in the city, as the
mount is considered disproportioned to the exiSt
t-
of the Government. Indeed the sum to 't.
the raised will not suffice for the expenditure of 8
itoeuntry until the 24th of April, when the st.
:It instalment will become payable and a 25
l'rthee appeal to our capitalists will, in all 23
lachability, immediately ensue. That a large out- 5,(4)
07 Will be unavoidable, even after the declaration rt,""
it Peace, is generally admitted, and the Govern- if
41t, with the knowledge of this fact, have no
doubt
determined to obtain only sufficient
abl'is for the public service until it may reason-
he expected that the result of the
4201 Conferences shall have been made known,
ea arrangements for future pecuniary aid can be
it:e„.ted were advantageously to the general money
fre-r'et) and to the Government likewise. Still
limit loans, even though they may be for very
e,"'lted sums, are objectionable, and tend to impair
th4cleace • and it is not, therefore, surprising that
plietireaenemeasure has been objected to when the
ration were so fullyprepared for a much heavier ope-
th lea. If the Government have the confidence in
i; result of the peace negotiations that may be
it, erred from the various statements elicited from
p!eao intimately connected with the Cabinet, the
Yotiatien of a small loan, however, may ou the
g,tßent Occasion prove more satisfactory than is
gent occasion
anticipated. It is believed that Messrs.
tfiv‘uschild only will open a subscription list, but
8 Usual circular announcing such intention has
4
°t Yet been issued.
Tie Funds, which improved yesterday when the
particulars of the new loan transpired, have since
6„ec'ole heavy, owing to the policy of Sir George
'..l.llewall Lewis being considered ill-advised.
atStill,however, as all will depend upon the satis-
erY progress of the Peace Conferences
vlie„ dealers await the preliminary meeting
is Much anxiety, and very little business
tli„l'elY in the meantime to be reported. The de-
inkr," 'prices is about I per cent. Consols for
4;1"Y have been 901 and 901 /, while for the
to
(ejonnt they have been 901 to 91, and since 90'4
ktdli. The New 3 per Cents. have been 91-i
have ilt° 3 per Cents. 90; to 91f. Exchequer Bills
114 been ss. dis. to par, and India Bonds 2s. dis.
41,c Stock is 2131, and India Stock 225.
Toil! Foreign Market is extremely inactive.
p,,1811 6 per cents. have declined to 93L and the
k eentS to 991 and 100. Belgian 41 per cents.
.re ar, • _
1, '17") and the Dutch 4 per cents. 951
St,,et.° following are the nominal prices of Foreign
2ea 'Bl---Grenada Deferred Bonds, 62- 7i; Mexican,
Ao'4 ; Peruvian, 80 81 ; ditto 3 per Cents., 56 57 ;
Cent uguese 4 per Cents., 47 49 ; Russian 5 per
a .
S 0,,,.*;_,.1U4 ; ditto 4i per Cents., 92 94 ; Spanish
Cir--,‘„‘-;611te., 421 •, ditto Deferred, 230 jr ; ditto
41 5 ; ditto Passive, 61 4.
tra"waY Shares are all rather heavier, but the
slid ions are of a limited character. The de-
Pore,iu several instances is ss. to 103. per share.
4'n and Colonial are dull.
Part:lllll3g, Banking, and other shares were without
change.
Itticular
4tional Discount Company's Shares are ± to
hAITPrem.
ABll FUNDS THIS DAY.—CLOSING PRICES.
4te
3 h.- Stec (From the Oficial Lie.)
m.inA., done.
213 i 15. i 14
Reduced Annuities 9l 90i 1} 1 fr
Na~r'
„ueut console Annuities 903 iiALi
~,06, per Cont. Annuities
o, 4 Pr Cent, Annuities 74
Annuities expire sth Jan. 1860... in itto 1..
Year's expire sth April, 1885 l6l
Lodi
14,_""ds £lOOO
undber £lOOO 2 d
Cis for Account
c
`,,eiao° oquor Bills 24d.
450 *
3 d par 5 1
3 El
thlll4l d
tto 2onds, 1858, 311 per Cent 97i 8
11/4,,.111t10E8 OF FOREIGN FUNDS THIS DAY.
fr,"„l4', Bonds, 5 per Cent.
,t`iiili.„‘° New, 5 per Cent., 1829 and 1839 lOO
'44pisltil,,,}3otls, 6 per Cent CO
3 per Cent., 1825
sPer t
11 .
b'tt,:!, muds, 4. per Cent.
qtriiiih," 0 Per Cent, 55
tioNtz',ll 130nIs, 5 per Cent.
h7a Ronde, 3 per Cent— illt,!8 Account
Ditto
,
Nevi Deferred, 3 per Cont.
Nritic,o Passive
4
1444 Alt"1:18. 6 per cent
9
12)4) lect°l""
Dittow Seri ) 4 per Cent
Account
1"N• Nvidends above ayablo in tend,,,,
lb Leh Reitea, 4r per Cent.
64bbit:ttiou..4221i per Cent., ex. 25 franc 5,.......
Per Cent.. ex. 25 francs 96
Di -zuluinge 2i per Cent ,12 Gail ...
-0 4 per Cel'it. Certifieatws, . 950
Consols THREE O'CLOCK.
tto Account, March 11 ... •• •.. 001
MARKET NEWS.—(This Day.)

20
20
10
10

20
20
20

. 103 I 10
20
40
20
10
20

t! ",rll, TllLD.—Mesdow hay, 4/ 04 to RAY MARKETS. 5
'/15s clover ditto.
4,, to 61 10.4; and straw, 1/ 5s Od to 1/ 10s Od per 10,1,1,
rather dull.
It p CriEBERLAND.—Meadow hay, 4/ 4s to Si 16s ; clovo, do.
a to 6/ 10s ; and straw. 1/ 4s to 11 9s per load.
demand.
(10. rtltiltone.PNL.—Meadow hay, 41 Os to 5 124; clovor
81 to 6/ 14g ; and straw, 1/ 4i to 11 9e per load.
'NZ good, and trade rather dull.

COLONIAL.
be RA••---The market has been rather firm • a few forced
oir cougou realised 83d, but the fair market price may
° tad at 9J, for common congon.
'ati (4 krt.—A. moderato business has been done for ex er-
skj,ll to the oontinent, at hst week's
refined'rat but homeP
te* k". 11 act with great caution. In the markt hub
c4,li;L:.aniactions have taken place for home use, but crushed
"Isa in good demand for export:
E. The business done in Plantation Ceylon has
144, 4, rather active, and at full rates, and holders are firm. 144 iityke has been neglected, although no decline in price
I kr„4'ett Place. Mocha realises fall rates.
Iktt ,4t The market still continues steady, but operations
kkiixZlimited character, at about previous rates.
ite, e"The inquiry for this article has been steady, and
tom. Ontinue firm. Good Demerara realised 3s 3d per
T, Piton.
ttle demand exihts eiter for consu-
Eg to C 0
tculation.li cu
Spelators quotation hmp
for P.Y.C. 5134
'NB wn tallow, 51s.

50
20
25
100
10