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

MONEY 'MARKET

AND

COMIVIERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
firmly, and prices of all descriptions were without
change. The sales were estimated at 10,000 bales,
500 for export, and 2,000 on speculation, compris-
ing 200 Bahia 6 d. ; 400 Egyptian, 61d. to 81d. ;
and 1,500 Surat, 4.?5d. to sfd. per lb. The Rail-
way Share Market exhibited a dull aspect, with
little change in prices.
Commercial advices from Antwerp contain the
trade report of last week, which exhibits no trans-
actions of importance, but the tendency of prices
in articles of consumption, after some fluctuation,
is of an upward character. In coffee the sales of
the Dutch Commercial Society at Amsterdam bad
given firmness to the market. The sugar market
continued quiet, with no great amount of business
doing, and the stocks in the entrepot of refined
sugar were increasing. In wool there was an active
business doing, and prices were well maintained,
chiefly in Buenos Ayres and English wools.
Accounts from Constantinople, by way of Mar-
seilles, of the Bth inst., mention that the concession
of the proposed line of railway from Smyrna to
Aiddin has been granted to Mr. Wilkin, the repre-
sentative of an English Company. The particulars
of the concession are stated to be very favourable,
giving full power to the Company to open certain
coal mines in the vicinity of the line, and to hold
good for fifty years. Mr. Wilkin has also solicited
the concession of constructing a line from Andrino-
ple, but the result has not transpired.
The formation of a National Bank in Turkey
continues to engage the attention of the Ottoman
Government, and also of the local capitalists. A
financial association is reported to be in course of
construction, to obtain, if possible, the privilege of
establishing the required institution, for which pur-
pose 229,000,000 piastres have been collected. To
this sum is added 40,000,000 piastres subscribed by
a party of Armenian merchants. On the 26th ult.
the principal shareholders met to name a commis-
sion of twelve for negotiating with the Government,
and among the number were M.M. Baltazzi, J.
Alleon, and Black. This combination if successful
will, it is expected, soon be able to improve the
finances of the country, and extricate them from
their present embarrassed situation.

The active demand for silver has caused a fur-
ther advance of id. por oz. in the price of the
article, the dollars brought by the recent West
Indian steamer having been sold at 61id. per oz.
No abatement bas yet taken place in the demand
for discounts in Lombard-street and at the na-
tional establishment, and fears are expressed of its
probable continuance, as on the 18th of this month
the final instalment of 20 per cent., or 1,000,0001.,
Will have to be provided on the last loan of
5,000,0001. negotiated in May.

This day a meeting of shareholders in the
London and Paris Bank took place at the London
Tavern, the object of which was to pass a resolu-
tion in opposition to the further continuance of the
company, in consequence of the prospectus, as was
alleged, not having been carried out, and the re-
tirement of several of the directors. Mr. Hart-
ridge called the meeting, and advised the
shareholders to combine to get the return
of their deposits, and the winding-up of the
company. He was followed by Mr. Gunton,
Mr. Padavacini, and others, and a committee was
nominated to confer with the directors on the sub-
ject. The shareholders wishing to enter had to
Sign a requisition against the last call made by the
directors, so that, in a certain degree, the meeting
was of a partial character, and the resolutions were
all passed unanimously.

At the commencement of business this morning
at the Stock Exchange the tendency of prices in
the English Market was rather in the direction of
'an improvement, but there has since been less firm-
ness, and the Funds are now at about the quota-
tions current yesterday afternoon. The market
la under the influence of the settlement—to-mor-
to w being account day—and the dealings entered
Into are generally connected therewith. Consols
are 941 for money and the 10th inst., although
for the latter they were at one time nearly 94k,
buyers. For October the quotation is 95i to 95.1.
Exchequer Bills have risen Is., viz., to 14s. and
178, prem., and the Bonds are 10CA- 2. East India
Bonds have been 18s. prem. The New Threes
are 95 1, and the New 241 per Cents. 79.
ery few transactions are officially recorded in
the Foreign Market. Turkish 6 per Cents. are
nominal, but the 4 per Cents. are marked 1031, be-
ing steady. Spanish New Deferred are 25 to 25k.
Russian 41 per Cents. 981. Mexican 22. i, and Grenada
Deferred 7i. Dutch 4 per Cents. are 981. Buenos
Ayres bonds have declined about 10 per cent. owing
to a communication received frotn the Republic, to
the effect that since the bondholders have refused to
accept the terms proposed for a settlement of the
debt, the question of an arrangement reverts to its
former position. This intelligence, unaccompanied
by any fresh proposals, is by no means palatable
to holders, and hence the fall adverted to.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 20i to 211 ;
Mexican, 22k to 221 ; Peruvian, 80 to 82 ; ditto
3 per Cents., 58 to 59 ; Portuguese 3 per Cents.,
45i to 464 ; Russian 5 per Cents., 108 to 110 ;
ditto 41 ' per Cents., 98 to 100 ; Spanish .3 per
Cents., 44/ to 45t ; ditto New Deferred, 24/ 25 ;
ditto Passive, 6i to 7.

Although no material alteration in the Railway
Market, prices, with a few exceptions, continue
heavy. The Norfolk, North British, North-
Western, and Great Western are all firm, at pre-
vious rates. Northern of France have risen ss.
Rigas are 11 41, and the Scinde 7i. The Colonial
lines generally are very inactive.

The business done in Mines and Miscellaneous
Shares calls for no special remark, prices being
generally the same as before.

London and County Bank Shares are heavy at
30i 31, but the Unity have risen to 42.

BRITISH FUNDS THIS DAY.—CLOSING PRICES.
(From the Official List:
Rosiness done.
3 per Cent. Reduced Annuities 94i
3 per Cent. Consols Annuities 941 i i
New 3 per Cent. Annuities
New 24 per Cent. Annuities 79
India cionds. £1 01'9
Ditto, under £lOOO lB p
Consols /or Account
Ecshoquer Bills, 20.
£IOOO
?mall
Ditto Bonds, 1858, 3i per Cent. loos i
Ditto, 1859
PRICES OF FOREIGN FUNDS THIS DAY.
ci.uador New Consolidated l5
tirenada New Active, 2i per Cent.
Ditto Deferred 7a
kexican 3 per Cent —
Ditto Account ..
Russian Bonds, 1822, £ St., 5 per Cent —
Ditto 4i per Cent. ..
ii‘rdinian Bonds, 5 per Cont.
II ),niFl3 Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent.
_ Ditto Account
R Anish Committee Cert, of Coup. not fur N
It ,rkith Bonds, 6 per cent.., —
Ditto Account
T)itto Guaranteed, 4 per Coat.
Ditto Account .. lO3l
DielCends on the above payable in London.
batch Ercnange,'2 per Cent., 12 Guilders
Ditto 4 per Cent. Certificates
THREE O'CLOCK.
Console, money 9ls i
Ditto for Account,' Sept. 10 94i i

The gold from New York yesterday is 127,0001., and
a considerable portion is on French account, but the
entire amount will be fait away. The advices on this
occasion mention an increase of confidence in the money
Market, consequent upon the last weekly bank state-
loent being favourable, but there was an absence of spe-
culation, and securities of all kinds remained without
Change. Erie was quoted 60 ; Reading, 86 to 42 ; Panama,
94 ; and Illinois Central, 1091. The rate of discount
Was still 8 to 9 per cent, for the best paper.
HARVEST IN THE NORTH OF SCOTLAND.—The Ear-
'vest has commenced in the north of Scotland, and many
fields have already fallen under the sickle. The crops of
,w,heat, oats, and barley are all far above the average of
Tae
last few years. Potatoes are an abundant crip.
i",ke disease has been checked by the fine dry weather of
418 month, and is not likely to appear again. Turnips
al'e in excellent condition, and the aftermath of the bay
440 I) hi most luxuriant,