The Sun.
London, England, 1857-10-09 00:00:00

MARKET

MONEY

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocrc.
Accounts from Liverpool state the Cotton mar-
ket yesterday closed very firmly, and the values of
all descriptions have advanced. The sales amounted
to 10,000 bales, 500 of which were taken by the
exporters. The Railway Share market closed with
a dull appearance, and prices of all the leading
stocks were considerably lower than on Tuesday.
The business of the week in the markets for
foreign and colonial produce has been partially re-
stricted through the intervention of the Fast-day,
but most 'articles have been in steady request at
previous values. The public sales of sugar have
proceeded rather heavily, but particular kinds
are dearer. Coffee is rather dull, and a large
quantity offered publicly was withdrawn. Tea
remains quiet ; cocoa firm, ar d for rum there is a
verylimited enquiry. Rice co Oita is steady ; and
the unfavourable reports as to tee potato crop have
induced a speculative enquiry. About the usual
business has been done in spices' but no material
change in prices has occurred. Tallow is firmer,
P.Y.C. being 58s. 3d. per cwt. on the spot. The
advance in the rate of discount will no doubt tend
to retard transactions, but the speculative dealing
for some time past has been very limited, and con-
fined to articles that have been specially influenced,
such as saltpetre, and India products. The de-
mand is chiefly for home and immediate use.
Financial affairs in Turkey are becoming more
and more unfavourable, and the situation of the
Government is wretchedly embarrassed. Small
loans are stated to be secured by the Sultan for the
immediate' wants of the State, and the rates of
interest paid for the accommodation are at once
usurious and humiliating. Issues of i aper money
are freely resorted to, and it has recedFd to 20 per
cent. discount. There can be no doubt that a loan
on a large scale would be attempted without the
least delay if there was the faintest prospect of sac;
cess. When the principal money markets, a short
time since, presented indications of returning ease,
which, by the by, have not proved permanent,
the subject was mooted, but as it was clear
that any proposition would meet with no en-
. couragement, the matter was allowed to re-
main in abeyance. Now, that increased stringency
is experienced in London, Hamburg, Berlin, &c.,the chance of any successful operation is even more
remote, so that Turkish finance is not likely to im-
prove for some time to come. Even in France
the tendency is again unsatisfactory, and the
late measure of relief, viz., the extension of
loans on shares, Jz:c., it is thought will be speedily
abrogated. Throughout the Continent, therefore,
in America and at home, the situation of financial
affairs is assuming a perturbed appearance.
The monthly return issued by the Bank of
France, and completed to yesterday, presents an
unsatisfactory alteration in its general condition.
The bullion haft been trenched upon to the extent
of 896,5641., partly in consequence, no doubt, of
the payment of the dividends on the 4i per Cent.
Rente,t, which always absorbs a large amount of
specie. An extension has also been made to the
discount operations, the securities having increased
1,032,5881, and the advances in stock and shares
represent alarger total than in the preceding month.
This statement, therefore, confirms the less satis-
factory tendency of the French Money Market.
The general demand for discount accommodation
has not abated, in consequence of the alteration in
the rate at the Bank, and 6 per cent. is charged
for the best qualities of commercial bills.
At the meeting of the Commercial Gas Company,
held to-day, a dividend was declared for the half-
year at the rate of 6 per cent. per annum.
The market for English Securities has been very
heavy all the morning, but prices are now a shade
firmer. Besides the uneasiness felt in connection
with India, the unsettled condition of monetary
affairs produces a gloomy feeling. Sales of
stock have consequently been made, but some
of the Bears have deemed it prudent to make
sure of their profits, and their purchases,
for this purpose, have strenethened the market.
Consols for transfer and the 14th inst. have been
89 ± and for the November account, 89 2.
They are now 89i and 892 90 respectively. Ex-
chequer Bills are Bs. to ss. discount and the
Bonds, 94. India Bonds are 20s. discount.
Rather a large business has been done in Foreign
Securities, and most of the quotations are flatter.
Turkish 6 per Cents. have been 931 but they
are now 938 a. The 4 per Cents. are 982 99, and
the other stocks dealt in are marked as follows :
Chilian 6 per Cents., 102 ; Mexican 3 per Cents.,
20i ; Peruvian 4i per Cents., 77 ; Russian 4i per
Cents., 98 ; ; Spanish 3 per Cents. Deferred, 258 ;
ditto Passive, 6 ; Venezuela 41 per Cents., 27 ; and
Dutch 4 per Cents. 98.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5i 6 ; Mexi-
can, 201 21 ; Peruvian 4i per Cents., 77 79 ;
ditto 3 per Cents., 52 54; Portuguese 3 per Cents.,
45 46 ; Russian per Cents., 108 110 ; ditto 4,11!
per Cents., ; Spanish 3 per Cents., 40i 401 ;
ditto New Deferred, 251 1; ditto Certificates, 51 2;
ditto Passive, 5i 1.
Messrs. D. Ball, Son and Co., give the following
as the prices-of American securities :

GOVERNMENT SECURITIES.

Redeemable. Per Cent.
United States 6 per Cents. 1867-1868...101 106
United States 6 per Cent. Bonds 1868...104 106

.78 -
~ 89 90
.. 99 100

STATE SECURITIES.
Alabama 5 per Cent
Maryland 5 per Cent. (Sterling Bonds)
Massachusetts 5 per Cent. (Sterl. Bonds)
Mississippi 6 per Cent. Pl. Bk
Bonds lB4l-1871... 40 42
Mississippi 5 per Cent. Union Bk Bonds ... 18 20
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds '877 78 80
Tennessee 6 per Cent. Bonds
Virginia 6 per Cent. Bonds 1856... 80 82
Virginia 5 per Cent. (Sterling 'Bonds) 1888... 82 84

LOANS OF CITIES.
Boston 4i per Cent. Bonds 1883... 90 92
Montreal 6 per Cent. Bonds 1856-1865...
New Orleans 6 per Cent. Stock 1883... 74 76

RAILROAD BONDS.
Illinois Central 7 per Cent. let Mortgage,
not Convertible 1875... 82 83
Illinois Central 6 per Cent 1875... 79 80
Illinois Central 7 per Cent. Freeland
Bonds .. 1860... 92 91
Illinois Central (Shares), $3O paid.... ... 1 d 1 p
Michigan Central Bp. Cent., Conver t 1560...
Do. do. do. 1869... 81 83
Now York Central 7p. Cent., Convert 1864... 85 88
New York Central 6 per Cent., not

Convertible 1883... 75 7S
Now York and Erie 7 per Cent. 3d Mort-
} gago 1883... 65 68
N. York and Erie 7p. Cent. Convertible 1862...
N. York and Erie 7 per Cent. Sinking
Teund 1875... 55 60
Panama 7 per Cent., Ist Mortgage 1865...
Pennsylvania Central 6p. Cent., st Mort 1880... 85 87
Business in the Railway Share Market has been
active, but a further decline of fully 1 per Cent.
may be noticed on most of the principal undertak-
ingP. Eastern Counties, Edinburgh, Perth, and
Dundee, Great Western, Midland, North British,
North-Eastern (York), declined 10s. North-
Western and Oxford, Worcester and Wolver-
hampton, 15s. Caledonian, Great Northern,
South-Western, Manchester, Sheffield and Lin-
coln, and Scottish North-Eastern, 1/. Lanca-
shire and Yorkshire and Brighton, 1/. 10s.
The Foreign lines are also at reduced values.
Northern of France have receded. 155., Lombardo-
Venetian 11., Autwerp and Rotterdam, and Great
Luxemburg, ss. In the Canadian undertakings
prices are very depressed. Grand Trunk of Canada
receded 11. 10s., and Great Western 10s. ; East
Indian 10s.

Mining Shares are steady, at about previous quo-
tations.

Joint Stock Bank and Miscellaneous Shares are
quiet- Union of Australia were at former rates.
Canada Land receded to 125, and Royal Mail Steam
are 581 59.

BaTISH FUNDS.--CLOSING PRICES—THIS DAY.
(From the Ofceal List.)
per Cent. Consols Annuities ................ 138u931kner
11.,Js Bonds. £lOOO . ..... .......
Ditto, under £lOOO 2O 25 d
CoLsols for Account,
Ez :hequer 13111 s, 24d.
5 8 d
crioo ........................................
5.... . ......... . ......... d
Exchequer Bonds,
1858,3 i per Cent—.
Ditto, iSS9
PRICES OF FOREIGN FUNDS—TENS DAY.
i d
Brazilian 5 per Cant.
Cniliau Bonds, 6 per Cent lO2
/siLisicau 3 per Cent
Ditto Account
Peruvian Bonds, 4 a per Cent
Ditto Account .... • 77
Iluasiau )3onds W.. St sper Cent....
Ditto, 44 per Cent... " 93
5 rclinian Bonds * ***
I) 5 per Cent. ..
tto tecouutl Bp ,ni,h 3 . ... .................... 831
per C,ou
Dittc Now Deferred, 3 per Cent.
Ditto Account .... .......... ..... 958
Fusive ....... .
ti per
Pito At;count ........
93g
..........
Ditto Guaranteed, per Cent.
Venezuela Bonds, 4i per Cent . ......
bato Account
..... 27
Dividends on the above payable in Louder.
Dutch Ez. aiice, 12 Guilders
Do. 4 c:l* Cont. Certificates
... Os
TUREB O'CLOCK.
Consols, money
Consols for account, October 14,—„,.. 89a 6