The Sun.
London, England, 1856-09-22 00:00:00

MONEY MARXET

7.:•Vrr,LLIGEIVO

OITA', Two lboef.

The Liverpool Cotton Market on Saturday closed
quietly, and prices of all kinds were the same as on
Friday. The sales were estimated at 8,000 bales,
including 6,000 American (1,500 for export and
1,000 on speculation), 700 Pernaan and Maranham,
at 7d. to 70. (500 for export), 50 Bahia at 6id. to
; 250 Egyptian, at 64d. to 7/d. ; and 800 Surat
at 4id. to 5/d. per lb. The Railway Share Market
opened steadily, but a reaction took plice, and the
market subsequently closed with some degree of
flatness.

Accounts from the French manufacturing towns
report a slight return to activity at Paris, which
indicates the close of the dull season. In the pro-
vinces, the principal traders who have hesitated to
submit to the increased prices of goods, have been
obliged at la•t to purchase for their immediate
wants. No improvement, however, has taken
place in the position of the silk trade at Lyons, on
account of the continued scarcity and high prices
of raw silks. Some arrivals of India and China
silks have relieved the market a little, but these
are not suitable for the stronger tissues, for which
the silks of France and Italy are indispensable.

Advices from Odessa of the 7th inst. state that
in consequence of the numerous shipments of grain
to the Mediterranean, and a gradual diminution
in the supplies from the interior, there was a gene-
ral riso in prices. Letters received from the neigh-
bouring provinces make mention of an unfavour-
able harvest in some districts, so that the arrivals
at that market will not be so abundant as was
expected this autumn. There ara few purchasers
for the markets of Western Europe. Old wheat
is sold at 10 to 111 silver roubles per tchetwert.
Accounts from the Sea of Azoff report a middling
crop near the coast, with a more favourable return
from the agricultural districts in the interior.
The Money Market at New York, according to
the advices received this morning per steamer Nia-
gara, was rather easier at the period when the mail
left, but this was attributable to the fact that the
general business of the season was later this year
than usual, and it was therefore expected that in-
creased stringency would soon be experienced.
Local writers on this important subject generally
predict an increase in the value of money, and a
consequent decline in the quotations of public se-
curities. They argue that if so much money was
required in a period when commercial transactions
were limited a larger amount of capital will have
to be employed in the development of the
winter trade. The last return published by
the City Banks indicated that the mana-
gers of those institutions were still taking
precautionary measures, and limited as much as
possible their loan and discount business. There
was still an excess of imports over exports, the
former in the week ending September 6th being
valued at $4,082,877, and the latter, including
specie, at $2,175,295, showing a difference of
$1,907,581.

The proceedings at the meeting of the share-
holders in the Royal British Bank, held on Satur-
day, have formed a leading subject of conversation
in City circles to-day. It is almost needless to
say that the conduct of the directors, past
and present, has been severely animadverted
upon, for to their gross mismanagement and utter
disregard of the principles of banking must be as-
cribed the loss and ruin that has been inflicted on
those who unfortunately held shares. Acutely as
the directors must have felt the vote of censure
passed upon them, most parties consider they richly
deserved it. The excitement which prevailed dur-
ing the meeting was at times intense, and after the
chair was vacated those present formed themselves
into small groups and discussed their unfortunate
position, and condemned the conduct of those who,
through their carelessness and misrepresentation,
had, in many cases, brought ruin upon them.
The subjoined letter has been received by the
committee of the Stock Exchange, from the Secre-
tary of the Crystal Palace Company, relative to an
irregular issue of shares :

Crystal Palace, Sept. 20.

Sir,—With reference to the reports yesterday in
circulation, as to irregularities having taken place in
the transfer office of this company, I am directed by
the board to inform you that they have caused an
examination to be made of the share register and
transfers deposits(' in the office from the Ist January,
1855, to the present date. The result of this, the
directors regret to say, shows some improper dealings
in regard to the shares, although not to the extent
rumoured. The result, as far as ascertained, shows
about 1,397 original shares, and 662 preference shares
to have been improperly registered; that is to ray, to
Lave been put on the register without a proper title in
the transferrers, while other transfers to the extent of
1,268 original shares, and 391 preference shares simi-
larly circumstanced, have been sent into the office, bat
have not been registered.
A more complete investigation into the matter is in
progress by Messrs. grilter, Ball, and Co., the result of
which will be communicated to you. By order of the
Board.

GEORGE GROVE, Secretary.
Mibifl Slaughter, Eq., Secretary,
Railway Department, Stock Exchange.
The English Funds have been heavy this morn-
ing, but the market is nowfirmerin consequence of
a large purchase of stock by an influential dealer.
Consols have been 94 to 94i for money,

and 94i I and 94k for account. Exchequer
\Bills are_firm at 14s. to 16s. prem. The New 2i

per Cents. are 78.
There is not much animation in the Foreign
Stock Market, and some of the quotations have
'ruled heavy. Turkish 6 per Cents, have declined
to 1021 and 1021 Spanish Bonds are srmer,
the Threes being 43 to 43k, and the New Deferred
t 4 r. Sardinian have been 92i ; Mexican, 22a ;
Buenos Ayres, 80 ; and Portuguese 4 per Cents.,
49k.

The following are the nominal prices of Foreign
Stocks Grenada Defetted Bonds, 7 to 7i ;
Mexican, 221 to 23 ; Peruvian, 79 to 81 ; ditto
8 per Cents., 57 to 59 ; Portuguese 3 per Cents.,
45 to 46 ; Russian 5 per Cents., 107 to 109 ;
ditto 4,i per Cents., 96 to 98 ; Spanish 3 per
Cents., 421431 ; ditto New Deferred, 24i ; ditto
Certificates, 5i 6 ; ditto Passive, 6 7.
Railway Shares are not very active, and the tone
of the market is heavy. Great Western, Cale-
donian, and one or two others are firm, but most
of the principal shares are at a slight decline.
The Foreign Market continues in a dull state, but
Some of the Colonial undertakings, including the
Great Western of Canada, are rather higher.
Mining Shares are neglected, but in Banks a
good business has been done at ratl.er lower prices.
Miscellaneous are quiet.

BRITISH FUNDS THIS DAY.—CLOSING PRICES
(From the Official Lid.
ST pin.. p done.
2 per Cent Consols Annuities P4 i 4 i 4
New 24 per Cent. Annuities 7B
Consols ;or Account
E c.theu nor Bills, lid.
CEXYI
grotill l6 13 p
Ditto Bonds, 1858, 34 per Cent. 99i
PRICES OF FOREIGN FUNDS THIS DAY.
Puenos Ayres Bonds, 6 per Cent. B3 78
Itexican 3 per Cent
Ditto Account
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto, 4 per Cent.
Ditto Account 484
Ditto 1853, 3 per Cent 451
134-dirtiau Bonds, 6 per Gent.
Ditto Account
papist Bonds, 3 per Cent —
Ditto Account
Ditto New Deterred, 3 per Cent.
Ditto Account ....
II irkitsh ionds, 6 per cent —
nitto Account
1) tto Guaranteed, 4 per Cent.
Ditto Account
ut•,.. env; on the above No.ablP , ~-,•,-„
THREE O'CLOCK.
... 94 4
...... 941

ConDols, money
Ditto for Account, Oct. 8

Isaac Hargraves, E,cl , of Tunbriclv Wells (14,0001.)
has bequeathed to the Tunbridge Wells Dispensary and
Infirmary 5001. ; to the Benevolent Medical College,
5001. ; and 2001. to the Brighton Hospital. Thomas
Reynolds, Esq. (9,0001), has left to the Norfolk and
Norwich Hospital 1001., and small legacies to 11 other
charitable institutions in Norwich. Benjamin °Oen,
Esq., of Bristol, has bequeathed 2501. to the Royal In-
firmary, 9501. to the Blind Asylum, and other charitable
bequests,