The Sun.
London, England, 1857-07-17 00:00:00

DT p v

PA'AE, Y ET
• 4.

A ND

COMMERCIAL INTELLIGENCE,

CITY, Two o'CLocK.

In the Liverpool Cotton Market yesterday there
Was an active demand for most descriptions, and
at a slight improvement in prices. The sales
amounted to 10,000 bales, 1,500 of which were
taken by the speculators and 500 by the exporters.
The Railway Share Market closed steadily, and
previous prices were fully maintained
The public sales of Colonial wool commenced
Yesterday and the attendance of both home and
foreign buyers was larger than usual. The bid-
dings were spirited and the finer qualities of Am-
tralian and Cape realised an advance of ld. to lid.
Per lb., compared with the rates current during
the previous series. Owing to the wants of manu-
facturers both here and on the Continent, and the
easier condition of the money market it is presumed
that this rise will be support ,d. During the sales
about 71,000 bales will be offered.
In the Foreign and Colonial produce mar-
kets, this week, business has continued rather
quit, and the changes in prices have not
been very numerous or important. For sugar
the inquiry has been limited, and in order to effect
sales the importers have b'en compelled to submit
to reduced quotations. Coffee is abo cheaper, but
in fair request. Cocoa is firm, and rice quiet. For
tea the demand is restricted, but holders continue
arm. About an average amount of business has
been done in spices, but it has produced no material
change in values. Saltpetre is firmer, and tallow
steady. The indigo sales are proceeding with firm-
ness. Yesterday there was very little alteration.
764 chests were sold, 268 bought in, and 397 with-
drawn. In three days 1,842 .chests have been sold,
491 bought in, and 2,186 withdrawn, making 4,519
passed and 8,613 remaining of the 13,132 declared.
For several months past the Turkish Govern-
Meut has been making strenuous endeavours to
improve the financial po=ition of the country, or
in other words to raise the means to defray its
current. expenses. The revenues being insufii,ient
recourse has been had pretty freely to the usurious
Itoney-lenders in the Ottoman Porte, and 15 to
20 per cent. interest has been paid for the ac-
commodation. With the view of getting rid of
these and other obligations, the Sultan now cora-
templates the negotiation of a loan in London,
and the amount to be asked for is estimated at
5,000,0001. or 8,000,0001., on a 6 per stock at 82.
But if we may judge from the opinions generally
expressed upon the subject, the operation will
not meet with mush support, for although Turkey
may b 3 abla-to pay the interest on her present debt,
it may be doubted whether the security she would
offer for the payment of the dividends on a further
sum would be considered satisfactory. The an-
neuncement of this intention on the part of the
Sultan has bad little or no effect upon the value
of the Turkish Securities dealt in at the Stock
Ruh ange.
The steamer Orinocco has arrived from the West
Indies and Mexico, with about 190,0001. This
elleply will not be in time for the shipments on the
20th to the East Indies and China.
There is a good demand for money at the re-
duced minimum, but first class bills have been
negotiated at 5i and 5i per cent. The Joint
Stock establishments only allow 4i per cent. for
deposits, and it is therefore expected that many
Persons will withdraw their capital and invest it
in the Funds.
The English Stock Market, though still very va-
riable, is firmer than it was yesterday. It now
!Pricars that there is no immediate prospect of an
Indian Loin, and this, combined with the relief
naturally afforded by the reduction in the ra'e of
discount, has improved the tone of business.
Until fresh Indian news arrives, there will
naturally be an unsettled feeling, and
numerous unfavourable rumours will no doubt gain
currency. It the public purchased for investment,
they K ould certainly support the market, but
these operations have hitherto been limited. The
proposed Turkish Loan has not depressed valu-s,
as it is not expected to prove successful. Con-
!„°18 for transfer have been 911 I, and
For account 91/ and 911 They
are now 911 and 915 / respectively. The New
3 per Cents. are 91a f, the Reduced 91i I, and
New 31 per Cents. 991 ; Exchequer Bills 4s. dis to
Par• and the Bonds, 1859, 98a 31-. India Stock is
215T.t0216, and ditto Bonds (under 1,0001.) 15.
I.'" the Wreign Market very few dealings have
eeee reported, and the only feature of interest has
been the advance in Turkish Bonds. The 6 per
vfteints• have been 94i, 95, 95i and the present
is 102 95/' The 4 per Cents.' have risen to
n ' and Spanish 3 per Cents. to 40k 4. Rus-
„,” 5 per Cents are 109 f ; Ditto 4i per Cents.,
Q°l; and Brazilian 5 per Cents., Mi.
he following are the nominal prices of Foreign
Stooks2o:—Grenada Deferred Bonds, 6 61 ; Mexican,
Tio`6,
;I
Portuguese Peruvianl6 80 82 ; ditto 3 per Cents., 54
per Cents., 441 5i ; Russian 5
,ser 'Cents., 109 111 ; di to 41 per Cents., 96 98 ;
speninti 3 per Cents. 40 ; ditto Deferred, 25 ;
clatto Certificates, si 6 ; ditto Passive, 5i 6.
Messrs. D. Bell, Son and Co., report that the
market for American Securities has continued dull
during the _
past week, and prices are unchanged.