The Sun.
London, England, 1856-07-12 00:00:00

ONEY MARXET

COI4I''ZP.C.!iAL Taalr.lST-'IGENC.

:';::

The Liverpool Cotton Market yesterday closed
steadily, and a moderate business doing, without
any change in prices. The sales were estimated at
7,000 bales, including 1,000 taken for export, and
1,000 on speculation. The Railway Share Market
closed quiet, and prices of all the leading shares
were on the decline.
Accounts from Lyons state that the manufacturers
there find a difficulty in obtaining a sufficient
quantity of silk for their wants, consequently there
has been some large importations of foreign silks
during the week. Very little business has been
done in French silks, and these have brought the
high prices of the previous week. It is expected,
however, that prices will become more moderate
when the produce of Italy and Piedmont is brought
intD the market. Advices from Naples and Turin
report a limited production of silk this season.
Advices from Havre report an active trade in
grain and flour, at full rates. Sales of 12,000
kilos. of Brittany wheat realised 78f. per 200 kilos.;
40,000 ditto, 80f. ; 24,000 ditto, 85f. ; and 4,000
barrels American flour 45f. per barrel. The market
for coffee was brisk, including a sale of 5,000 piculs
Padang qualities, at 128 f. per 50 kilos., and 600
bags St. Domingo at 79f. to 82f. per 50 kilos. The
arrivals at the port include a vessel from America
With 4,572 sacks wheat and 1,991 barrels flour.
The Bank of England Weekly Return completed
to the sth inst. is considered of a very unfit-roar-
able character, a material decline having taken
place in the stock of bullion and also in the reserve
of notes. It was generally anticipated that the
changes would be important, but not quite so discou- ,

raging as they have proved. The withdrawal of
gold from the Bank of England for transmission to
the Continent is expected to continue, and it

18 stated that the Bank of France is now

effecting purchases of the precious metals. The
various alterations exhibited in the balance-sheet
fully explain why the Directors at the last Board
meeting considered it inexpedient to reduce the
minimum ; and although money out of doors is
still comparatively cheap, it is not improbable that
the discount houses will soon refuse to negotiate
commercial paper at the quotations now current.
If arrivals of gold take place from Australia they
Would no doubt exercise a beneficial influence,
as they would supply the present export demand
and check a further decline in the stock of bullion.
The Bank of France Return has formed an import-
ant topic of conversation in the City, and, although
some of the Paris journals endeavour to show that
the reduction in the metallic deposits has been oc-
casioned by extensive purchases of silk, wool, arc.,
it is nevertheless believed that financial affairs
'.4 Paris are, at present in an unsettled state.
Active Circulation
Increase
Bullion 12,610,942
Decrease
Rest ............... . 3,284.962
Increase
Public, Deposits
Decrease
Other Deposits
Increase
'Seven-Day and other Bills 849.731
Increase
Government Securities
Increase
Other Securities
Increase
Notes unemployed
Decrease
The official return of the exports of bullion from
the port of London for the week ending Thursday
last is as follows :--

Gold Coin
........ Belgium ... 25,400 Ozs. St
_ Boulogne ... 370 Ozs. St
Bars _ Hamburg ... 10,949 Ozs. 25
Silver Coin ........ , Hamburg ... 24,000 Ozs. 2C
~ Boulogne 2,600 Ozs. 2;
if 2,
2C The members of the Stock Exchange are very IQ
Much dissatisfied at the manner in which the
shares of the Ceylon Railway Company have been
allotted, for, notwithstanding their money, which to
accompanied their applications, has been locked up 10
for more than a fortnight, they now find that, in
the majority of case:3, they have received no shares —1:45
at all. In one or two cases influential firms 20
have received such an insignificant quan- `C4I
titY that they have returned their allot-
ments in contempt. It should be remem-
bered, however, that a very small number was ig
available for distribution, and the only just cause n
of complaint is the delay which has occurred in the t 47)
allotments. We should imagine that a week would 6
have been a trifle, and the expression of feeling i 7
34W noticed on the Stock Exchange will, it is hoped, 20
act as a caution to the promoters of other joint- -4(())
stock companies. 1
20
, Support has been given to the Market for Eng- 20
4811 Securities to-day by purchases of stock on ig
"ccount, as is repelled, of the Court of Chancery ; 100
,but if it had not been for these operations it is pro- IT,
The
there would have been renewed heaviness. .`u
The unfavourable returns of the Banks of England 25
and France, and the prospect of the money market too
hot improving at present, have induced parties toe
speculate for a decline in prices, and the market 12V
consequently
naequently has had a downward tendency. This ?0
Morning, however, owing to the circumstances 20
foove alluded to, Consols have risen to 95-1 to 951
t Money, and 951 to 96 for August. The New
Threes are 961 to 97, and the Reduced 951 to 96.
,2)(1,
Chequer Bills have risen to 17s. and 20s prem. lon
Foreign Stocks have ruled quiet. Turkish 6 1.:10i
per Cents. have been 1031 f, being firmer. Spanish
Threes have risen to 451 and 46. Russian Fives 20
41‘e 1121, and the 4i per Cents. 981 to 95. Mexi- 202°
ca. 11 Stock is higher, viz ,23 to 231. Buenos 5
byres are heavy at 86. The other securities are ?'
generally firm. 2L
The following are the nominal prices of Foreign 20
Stocks :—Grenada Deferred Bonds, 7f 4 ; Mexi 20
-
can, 22i 3 ; Peruvian, 81 3 ; ditto 3 per Cents., 23
s 3
51 9 ;
Portuguese 4 per Cents., 49 51 ; Russian 5 P'
per Cents., 112 14 ; ditto 4i per Cents., 98 100 ;
2„Pallish. 3 per Cents., 45 6i ; ditto Deferred, .40
.441
16
For English Railways there has been a quiet and to
uleavY market. Several of the principal lines, in-
420
"ding Manchester, Sheffield and Lincolnshire, f,
ae(l Midland, have been lower. The others are 20
tbler- The French, Belgian, and Colonial are 100
tlerally steady. Rigas are I lower, viz., 61.
Olgals are to /pm ; Ceylons, 2to 2i- pm. ;
uphrates, ; and Metropolitan, ato 1.
Crystal Palace Preference are at au improvement
of
tis• ; Ottoman Bank are steady.
lig