The Sun.
London, England, 1856-09-01 00:00:00

MONEY MARKET

AND

COMATLYtOTAL P.TTILLLIGENC2.

CITY, Two o'CLooK.

The Liverpool Cotton Market on Saturday was
extremely excited, and prices of American kinds
were about Id. to id. higher. The sales were
15,000 bales, 5,000 for speculation, and 2,000 for
exportation—comprising 500 Pernam and Maran-
bam, 61d. to 71d. ; 100 Bahia, aid. to aid. ; 300
Egyptian, W. to 'ad. ; 1,000 Surat, 41d. to 51d. ;
100 Sea Islands, ls. to ls. ad. per lb. The Rail-
way Share Market was quiet, and prices were a
shade higher than on Friday.
The state of the Liverpool Wool Market during
the past month is thus described by Messrs.
Abram Gartside and Co. :—" Throughout the
past month the wool market has experienced a
good and steady demand for all descriptions.
Mediterranean and Oporto sorts are still in request,
and have been sold at a slight advance. Entre
Rios and Buenos Ayres have been much sought
after, also East Indian, which are chiefly reserved
for auction. Two or three cargoes of Iceland wool
have changed hands at from 10c1. to 104 d. per lb."
The next public sales at Liverpool are fixed to
commence on the 26th September, when about
7,000 East Indias and a quantity of other wools
will be offered. The imports during the past
Month have been considerable, but the consump-
tion being great, stocks continue light, with the
exception of East India and Peruvian. English,
Irish, and Scotch wools have met with a good de-
'nand, at full prices.

The weekly trade report from Paris mentions
that the past week has been more favourable for
the manufacturers, as numerous purchasers of
Winter goods begin to arrive, but their commissions
are not heavy, in consequence of the continued
dearness of all products. The provincial dealers
also are cautious in their orderii, although their
stocks are generally low ; but the facilities of com-
munication with the capital, which enable their
to replenish easily at any time, causes them to
Purchase only sufficient for their immediate wants.
Amongst foreign commissions are several for the
Brazils and the South Seas. The retail trade of
Paris continues to be quiet, and chiefly with
foreigners.
Sales of provincial merchandise have been con-
siderable, and the trade more active. The manu-
facturers at Rouen, Amiens, and Rheims having
*Mall stocks to dispose of, and the raw material in
first hands being still high, they have obtained an
advance on their prices. Not only is the rise in
silk maintained, but it is probable that a further
advance will shortly take place. The production
of silk at Lyons has diminished about an eighth,
While the consumption is increasing from day to
day. The price of the raw material has risen
Within a 'short time from 80f. per 'kilogramme to
160 f., an increase of 100 per cent. Many large
houses have made immense sums by speculating in
this article.
Later intelligence has been received from New
York by the steamer Asia, but in a commercial
Point of view it is not generally of a very interest-
ing character. Money, however; was less plenti-
ful at the latest date, and it seemed generally anti-
cipated that an unfavourable change was about to
take place in the rates of discount. The movement
of the serial crops, which are reported to be most
satisfactory, will alone absorb a large amount of
floating capital ; and the usual extension of coin-
Mercial engagements towards the close of the year
Map, it is feared, assist in producing a degree
of stringency which has not been experienced
for
many months past. The semi-official returns
for the fiscal year to Ist July show that up to
that period the exports from the United States,
including specie; have rather exceeded the imports,
notwithstanding the immense receipts of merchan-
dise at the port of New York.
From the West India colonies the accounts gene-
rally represent trade as being steady, but not
active. It is generally expected that the yield of
sugar next year will be smaller than usual.
Upwards of 700,0001. in specie have been re-
ceived to-day from the West Indies and the United
States. This is a seasonable arrival, and will more
than balance the amount that will probably be
taken out by the next steamer to India and China.
The new discount company, so long spoken of in
City circles, has at length been formally announced.
It is called the " London Discount Co.", with a
Capital of 1,000,0001., and the directors are gentle-
men of the highest respectability. As there seems
a fair prospect of the company doing well, and the
shares are already at a premium, the applications
for allotments will no doubt be very numerous.
In consequence of the fiaeress of the weather,
and the satisfactory accounts of the progress of the
harvest, a decline in the price of English wheat of
3s. to 4s. per quarter was reported this morning.
No change has taken place to-day in the general
condition of the English Stock Market, which re-
mains firm, without any extension of real or
aPeculative business. The fall in the price
°I corn, and the circumstances which pro-
duced it, have a favourable effect on the
Market, but without occasioning any upward
Movement in the quotations. Consols have been
05 to 95/ for money, and 95/ for account. The
arrangements connected with the forthcoming
Settlement will soon begin to influence the market.
At present the " contango" is 15- per cent. The New
Three per Cents. have been 95k to 96, and the
Reduced 95i India Stock is 232. Exchequer
8.348 are nominally firm.
There is again an absence of activity in the
Foreign Market, which, however, continues to be
Well supported. Turkish 6 per Cents. are 1031,
and the 4 per Cents. 103/, being dull at previous
quotations. Mexican are firmer, viz., 22k to 23k,
owing to the receipt of $60,000 on account of the
dividends. Spanish Threes are 451, ditto Deferred
25k, and Sardinian 92. Brazilian Fives have been
103,

The Ecuatorian Commission of Agency have
this day received a further remittance of 6801. 11s.
Gd. for the dividends of the foreign debts of the
Republic.
The following are the nominal prices of Foreign
Stocks: --Grenada Deferred Bonds, 7 1 ; Mexican,
221 ; Peruvian, 81 3 ; ditto 3 per Cents., 58 60 ;
Portuguese 3 per Cents., 451.6; Russian 5 per
Cents., 108 10 ; ditto 41 per Cents., 98 100 ; Spa-
nish 3 per Cents., 441 51 ; ditto Deferred, 25 1 ;
ditto Certificates, 6 1 ; ditto Passive, 6i 7.

The dividends on the shares of the Great Western
and Midland Railway Companies are now in course
of payment. There can be no doubt that as soon
as the markets revive and business becomes brisk,
a large available sum derived from these and other
Similar sources will be invested in speculative se-
curities.
The movement in Railway Shares is rather irre-
War, but the leading descriptions generally rule
firm and the transactions are numerous. Caledonians
it is expected have almost reached their lowest
British,
but they are at present heavy. North
British, North-Western, and Great-Western are
most in favour. The Foreign are dull, and Colo-
nial generally firmer. East Indian are steady.
Rigas are 1.1 to i prem.
Mining Shares are quiet.
Banks are mostly heavy, and Ottoman Bank
Shares are as low as 98 to O.
Miscellaneous Shares generally command pre-
ViOns values. The Shares of the New Discount
Company are to f- prem. •

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List: _ _

Ftnsin.,s d(ne.
3 par Cent. Reduced Annuities
3 per Cent. Consols Annuities GS 5
New 3 per Cent. Annuities
Long Annuities, expire sth Jan. 1860...
Ditto 3'J Years, expire 10th Oct , 1859 3 3.16
Ditto :;0 Years, expire sth April, 1885 lB 9-16
India Stock
Consols /or Account
P.IICES OF FOREIGN FUNDS AT ONE O'CLOCK
Brazilian Bonds, 5 per Cent. lO3
Mexican 3 per ent 23i
Ditto Account 224 3
udinian Bonds, 5 per Cent.
Sdanisb Bonds, 3 per Cent 454
Ditto New Deferred, 3 per Cent.
T irkibh Bonds, 6 par cent
Ditto Account
-4itto Guaranteed, 4 per Cent.
Ditto Account
Dividends on the above cayable in London.
TWO O'CLOCK.
ConsObl, money
Ditto, Account ...minium 954