The Sun.
London, England, 1856-10-07 00:00:00

NEY MARKET!IMPERIAL PARLIAMENT.

AND

COMMERCIAL INTELLIGENCE.

--

CITY, Two o'CLomr

The Liverpool Cotton Market, yesterday, closed
firmly at a slight improvement. The sales were
estimated at from 8,000 to 9,000 bales, of which
1,500 were taken for export, and 1,000 on specu-
ation, comprising 170 Pernam and Maranham, at
1.1. to 7d. ; 150 Bahia at End, to 62d. ; 300
k'Yptian, 61d. to od. ; 1,000 Surat, 41d. to 51d. ;
and 150 Sea Islands, Ild. to ls. 7d. per lb. The
Railway Share Market closed with a downward
tendency, the announcement that the Bank of
flgland had raised their minimum rate of discount
having a prejudicial effect.
Commercial advices filen Antwerp state that
there Was very little activity it i the import and
export trade of that market during the past week,
and that wheat, coffee, sugar, and: general articles
of colonial produce exhibited no material fluctuation
in Prices. Of wool the sales were confined to Eng-
lish washed wools, and Buenos Ayres in grease,
which realised previous quotations. Although
there was no alteration in the prices of raw sugars
Yet they were remarkably firm, and it is not ex-
pected that there will be any fall this season.
The Bank of Holland has issued their monthly
statement of accounts up the 30th September, the
Principal items of which are as follows :—The notes
in circulation amount to 84,767,340 florins ; bal-
ances of accounts current, 16,956,823f1. ; and
species in the bank coffers, 67,010,212f1. The
Bank of Prussia also give their monthly returns,
showing that the amount of notes in circulation
have increased to about 46,000,000 thalers, or 6}
millions on the month of August, while the cash
on hand has deoreased upwards of one million.
The Directors of the Bank of France have refused
to negotiate any bills having moms than 60 days to
run, and have determined to lima their advances
on Rentes to 40 per cent., and on. Railway Shares
to 20 per cent. These restrictive measures, to-
gether with those adopted by the Bank of England,
have naturally produced increased alarm with re-
gard to the present situation of monetary affairs.
In France, however, more than here the
crisis is to be apprehended, and the letters received
fro Paris speak in very discouraging terms of the
future. A variety of suggestions are made for
alleviating the pressure, and opinion is much di-
'tided as to the course which ought to be pursued
by the Government and the Bank. The drain of
silver. continues, and the efflux of gold from the
kof England up to yesterday was very rapid.
It now remains to be seen whether it will be
checked by the advance in the rate of discount.
The various joint-stock banks have advanced
their
allowance for deposits on call from 41k to 5
Per cent. The French prices at the opening of the
*ours° to-day are telegraphed at a slight advance.
Vrom the commencement to the close of business
Yesterday the increase in the minimum excited
much conversation, and there seems to be a general impression that it will have the beneficial effect of
stopping
the drain of gold. The next Bank re-
turn is expected to exhibit some very unfavourable
11
fully changes, but its influence will no doubt have been
anticipated.
A further decided fall has taken place this morn-
ing
in the English Funds, and Consols at one
period were down to 901. This low point, how-
ever, has attracted the public, who are investing,
w.hile the Bulls are tempted to renew their opera-
tions. A reaction has consequently commenced,
fiat
it is quite impossible to say whether it will con-
.lllle- Consols are now 91 to 911 for money, and
for Nov. The dealers are busy in making
llrrangements for the settlement, which will be
very heavy one, and it is feared that the payment
of differences may be attended by some instances
of embarrassment. The " Contango" is still fully
Per cent. Exchequer Bills are flat at ss. to 9s.
Premium. ; and the Bonds are 981 to 99.
The Foreign Market has also been depressed,
and in some of the leading securities the changes
!lave been considerable. Turkish 6 per Cents. have
ranged from 962 to ni, and the 4 per Cents.
lave been 99,} and 98. Spanish Threes are
marked 401, and the Now Deferred 24. Russian
b per Cents. have been dealt in at 106; ditto
41 per Cents. at 96A- ; and Sardinian, 891 to 90.
Mexican Stock is flat at 22. Peruvian 41 per Cents.
e 761.
The following are the nominal prices of Foreign
stocks :—Grenada Deferred Bonds, 7I ; Mem-
'can, 211 22 ; Peruvian, 77 79 ; ditto 3 per Cents.,
!G 58; Portuguese 3 per Cents., 43 45; Russian
" Per Cents., 106 108 ; ditto 41 per Cents., 96 98 ;
vanish 3 per Cents., 422 31; ditto Deferred, 232
41 ; ditto Certificates, 51 6 ; ditto Passive, 6
Railway. Shares have been subjected to much
fla.riation, and the average decline is 1/. to 1/. 10s.
.i.t,ney are now, however, rather better, owing to
ed slight improvement in the Funds. Foreign
11 Colonial are dull, but Paris and Lyons are
very heavy.
• Mines, Banks, and Miscellaneous Shares are
lz'astive.

IlittrrlBll FUNDS THIS DAY.—CLOSING PRICES.
(From the Official List:
C on
pnon—• don P Cent. Consols Annuitlea 91 4. 90i It.
te >ols for Account ...........................90 1 90i
lleciner Bills, 2icl.lA
13000
59 5 p
MOO .................................... 5 9 5 p
......
huall ........... . 5 9 5 p
-La tto Bonds, 1858 3A or Cent. . 99
Ditto, 1859
b PRICES OF FOREIGN FUNDS THIS DAY.
intzilfan Bonds, 5 per Cent. lOO4
.qesican 3 per Cent
bitto Account 221,1
ellivian Bonds 4i per Cent
Ditto Account
Ditto 3 per Cent 76
Ditto Account
Aussiau Bonds, 1822 i; St., 5 per Cent lO6
SardinianDitto 44 per Cent.'
110114., 5 Per Cent.
Ditto Account B9i 90
`ms t Boids, 3'per Cent . .
bitto Account ..... ... . ..... ... .
2,rn.bitto New Deferred., 3 per .......
IDitto Account
aticitth gonds, 6 par cant ..................
Ditto Account
"4itt '7 o Guaranteed, 4 per Cent. ............ 7i
74 6
Ditto Account - 9•
omeenis on the ai)ove E•avable in London.
butch Excliang,e, 2 per Con 12 Guilders
Ditto Account
91i
Consols, money THREE O'CLOCK.
91i
Ditto. account, October 8

4"27 MANUFACTURE EXHIBITION IN

EDINBURGH.

An exhibition will be opened within the National
It allery, Edinburgh, about the
middle of December,
by the Art Manufacture Association—an association
Just established in Scotland, under the presidency of
the Duke of Hamllton, f for the purpose of encou-
raging the application o art to objects of utility
and ornament. The association has in view to diffuse a
general taste for household art, and to encourage the
artist manufacturer to meet the popular demand it seeks
*0 create. The society is likewise an
its annual exhibitions purchases will art union, and at
be made of works
of art and unlit, which will be balloted for among the
thsubscribers, who pay one guinea each. It is also intended
at each subscriber shall obtain a prize, and in the diver-
t of obj
s,ects to be selected the objection to other art
anion distributing the same works to all, will be
leubvisted. The association "look especially to the encou-
ogetnent of design and perfection of execution, as applied
, br°44ee, carvings in wood, metal or ivory, to porcelain,
glass, textile fabrics, and other materials susceptible of
receiving the aid of high art in their productions." All
these branches of art manufacture will be represented in
the exhibition. While the East India Company
and others are to display the productions of foreign
Trtand colonial art the exhibition will chiefly illustrate the
manufactures of the united kingdom. A large co
• ection of jewellery will be shown by the chief London
louses, including Messrs. Hunt and Roskell, Messrg.
liPhilips Brothers, (to. The porcelain,
ner productions of the Potteries will be exhibited by
kesers. Minton and Co., &c. The electro-type, electro-
china, and the
FlitDlt:te, and bronze manufactures of Birmingham will con-
ute a leading feature in the exhibition, which will
.4.'86' include the productions in ornamental glass of Scot-
"4ll and English houses, the finer shawls of Paisley,
"41 and
&e., lace, tapestrieß, and other textile
t•l)rics, anti cabinet work and other household &cora-
t'/I• All articles intended for exhibition are to be sent
~° Edinburgh between the Ist and 10th of December,
q,ItCl the will be opened to the public about the
4511, gallery . . .
ape • Tho exhibition will remain open for tree or four
i'itot and will therefore prove one of the principal ate
of the Christmas holidays in Edinburgh. The
Riteconcl exhibition is to be held in Glasgow, where an in-
uential committee is being formed under the presidency
Of Sir Archibald Alison. Already the society has ap-
,eited about 300 agents throughout the kingdom and
1_41,3 colonies, and has attracted a large body of subscri-
hers.