The Sun.
London, England, 1856-01-17 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.
The Liverpool Cotton Market yesterday closed
steadily, with a good supply. There was not the
slightest change in prices from the quotations of
Friday. The sales were 8,000 bales, 6,000 of
which were American (speculators taking 2,000) ;
100 Pernam and Maranharn, 6d. to 6td. ; 100 Bahia,
sad. ; 300 Egyptian, 51d. to 70. ; 1,500 Surat
(500 for export), 31d. to 40. ; and 50 Sea, Islands,
10d. to 17d. per lb. The Railway Share Market
was steady, and prices advanced.
Accounts from New South Wales to the Ist Oc-
tober have come to hand, via Callao and Panama,
by the West India mail packet. This is 12 days
later from that part of Australia than previous
advices. It appears that the financial resources
of that colony are falling to so limited a degree
that the Government find it impossible to carry on
the ordinary public) works without obtaining
extraneous aid; consequently a bill has passed
the legislature authorising the negotiation of loans
in England and elsewhere for this purpose, and
that the interest on the same be paid out of the
general revenue. Trade continued very dull,
insolvencies were daily being added to the list ;
and it was expected that some old-established
firms would have to succumb. Notwith-
standing the efforts of the colonists to aug-
ment the production of gold, and bring it
up to the yield of the Victoria gold fields, the
weekly receipts at Sydney from all quarters does
not yield more than 3,000 ounces. The small ex-
port of gold from New South Wales is a matter of
importance to the commercial community con-
nected with that colony, because it is insufficient
to cover the amount of imports from Europe,
America, and other countries, which have been re-
cently accumulating at Sydney ; and the increase
in the export of wool is very little. Hitherto the
balance of trade has been in favour of the Sydney
Markets ; but there is some fear that it would be
against it at the close of 1855, so that great caution
should be exercised on this side in the amount of
shipments to Sydney.
The half-yearly meeting of the London Joint-
Stock Bank was held to-day. The report stated
that the net profits for the last six months, with the
former balance, amounted to 80,3551. The direc-
tors recommended a dividend at the rate of 121.
10s. per cent. per annum, and a bonus of 14s. 3d.
per share. The gdarantee fund was now 160,8531.
The liabilities were 7,129,5741. 6s. 10d., and the
assets to the same amount. The report was
adopted unanimously.
The greatest excitement has prevailed in the
City this morning owing to the statement that
Russia has unconditionally accepted the peace pro-
posals made through Austria, and the speculative
dealing at the Stock Exchange has been of the most
animated character. The advance which has taken
place is the Funds during the last few days has been
Partly occasioned by the strong opinion entertained
by some of the dealers that the Czar would deem
it advisable to submit to the terms dictated by the
Allies, notwithstanding the reply which was at
first given ; but the announcement which has been
made this morning took all by surprise. At the

commencement of business the Stock Market pre-
sented a quiet appearance, Consols being 871 ; but
shortly before 12 o'clock the intelligence was made
known, and purchases for an advance were effected
to an immense extent, and the prices suddenly ad-
vanced to 90. This important improvement, viz.,
2i per cent., tempted some of those who had
bought at lower prices to realise their profits, and
the market momentarily became weaker, Consols
being 89 They afterwards, however, reached
$Ol for the account, but have since declined to 89k 2.
The money prices have ranged from 87i to 87/.
Exchequer Bills have been 7s. to 2s. di,count, and
India Bonds 2s. discount. The New 3 per Cents.
have been 88k to 91, and the Reduced 872 to 90.
The transactions entered into in the Foreign
Market, although small, have produced a good deal
of activity. Turkish Bonds have materially been
most affected by the rise in the Funds. The 6 per
Omits. are about 5 per cent. higher than yesterday,
namely, 87k to 872. The New Scrip has been dealt
in at 1 to 02 discount, although the present price
ja 1 to 1 discount. Dutch 2f per Cents. are 64.
ittissian 41 per Cents. have risen to 871, Sardinian
to 821, Peruvian 41 per Cents. to 76, and Mexican
20 to 20i. Chilian 3 per Cents, aro quoted at 64,
and Grenada Active at 192.
Wile changes in the Railway Share Market are
*very important. The Eastern Counties have risen
about 15s. ; Great Western, 31. ; Lancashire aid
Yorkshire, V. 10s. ; North-Western, 2/. ; North-
Eastern—Berwick, 21. ; and the others in propor-
• tion. All the Foreign lines are likewise at en-
hanced quotations. Paris and Lyons are 1/.
higher. Great Western of Canada have risen
15s. to 1/.

In the Mining and Banking Shares a few deal-
ings have been recorded at full rates. Canada
Land have risen C., and South Australian Land
about 15s.

BRITISH FUNDS THIS DAY AT ON CLOCK.

Prom the oXcial List.

. _
8.4.n.‘ done.
per Cent. Rodr.cod Annuities
8 per cent. Consols Annuities
New 3 per Cent. Annuities
Long Annuities, expire sth Jan. 1860...
Ditto 3‘) Years, expire sth Jan., 1860 3l
Ditto 30 Years, expire sth April, 1885 l6l 5-16
India Stock
India Bonds, -XlOOO
Ditto, under £lOOO 2
Consols for Account
Exchequer Bills, 20.
£lOOO.
Rraall 1 5
Ditto Bonds, 1858, 3i per Cent..
Ditto, 1859
Ditto under 97;
PRICE OF FOREIGN FUNDS AT ONE O'CLOI B.
Chilian Bonds, 6 per Cent.
Ditto 3 per Cent 64
Grenada New letive, lts per Cent.
Itexican 3 per Cent.

Ditto Account
Peruvian Bonds, 4i per Ceit.
Ditto Account 76
Itussiak Bonds, 5 per Cent., 1822, £ St —
Ditto 4,i per Cent
Sardinian Bonds, 5 per Cent.
Ditto Account
Spn.nisi. tioMds, 3 per Cent —
Ditto New Deferred, 3 per Cent.
Ditto Passive
Spanish Committee Cert. of Coup. not fun 4i 1
Tarkie.h Bonds, 6 per cent B7 6}
Ditto for the Account
Ditto New Scrip, 4 per Cent.
Ditto Account
oivioends on the above payable In t•Nedon.
Dutch Exchange, 2i per Cent., 12 Guil..:_6l i

TWO O'CLOCK.
Console B9A i

ST. MARTIN'S HALL.

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Last night Mendelssohn's magnificent oratorio, " St.
Paul," was performed here with great success. The
Solo parts were sung by Madame Weiss, Miss Palmer,
Mr. Sims Reeves, Mr. Weiss, and Mr. H. Buckland. The
choruses were, of course, given by the pupils of Mr.
Hullah's upper singing class. The oratorio abounds
with passages suited for the purpose of testing Mr.
Hullah '8
system, and the manner in which the nume-
rous choruses were rendered merited the applause with
which they were received. "Rise up, arise," " Stone
him to death," and " How lovely are the me!sengere,"
deserve especial mention as being sung with perfect
accuracy and true devotional feeling. Mr. Sims Reeves
sung the music allotted to him with his usual ability
and success. "Men, Brethren, and Fathers," he gave
splendidly, and richly earned the rapturous encore it
received. The same compliment was paid to the duet,
" Now, we Ambassadors," sung by Mr. Reeves and
Madame Weiss. The other portions of the composition
were admirably executed ; and, taken as a whole, we
have seldom heard the oratorio better sung than it was
last night. The hall was both fully and fashionably
attended.

A letter from Rome, dated the sth inst., says :
" Mgr. Milesi, Minister of Finance, has acknowledged a
deficit of nearly a million of crowns in a budget of 12
millions.. The deficit will be made good by the sale of
certain property belonging to the Apostolical Chamber,
which will give about 200,000 crowns, whilst for the re-
mainder the sinking fund will be laid under contribution,
and a duty on permissions to trade, which had been de-
creed in principle in 1851, but not levied, will be en.
orced."

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