The Sun.
London, England, 1855-04-21 00:00:00

L‘IONE

RKET

AND
COMMERCIAL IIVTELLIGEIN.CE.

- CITY, Two o'CLocK.
The Cotton Market at Liverpool yesterday was
steady. The sales amounted to 10,000 bales. Up-
lands brought 50.; Mobile, 5p.; and Orleans
51d. per lb. During the week 49,580 bales found
buyers. The Railway Share Market was very 't•
quiet, and prices were without alteration.
In adverting to the New Loan Messrs. Smith ;,0
and Charles observe that their view of the prospect la
of peace has received, as they consider—
" A considerable augmentation of force from the only fact 31
in connection with the case that remained to be disclosed—
we refer, of course, to the terms to which the Chancellor of
the Exchequer was prepared to submit. Consols closed yes-
terday afternoon, and opened this morning, something above
90. The new loan has been given to Rotbschilds, at a price
equal to 87A for Consols. It was perfectly optional with the
Government to accept or reject the offer made, and we confess
that we can account for their acceptance of such terms
on no other hypothesis than that the necessity for fur-
ther loans is inevitable—in other words, that there is no proba-
bility of the Vienna Conferences ending in peace. It was sug-
gested, yesterday, by one of our leading journals, with Con-
siderable ingenuity, that Rothsehilds being so intimately as-
sociated with Austria, the price about to be offered by
them for the loan would furnish some evidence as to the ter-
mination of the conference. And this, no doubt, would have
been so had these capitalists taken the loan on their own ac-
count ; but it so happens that the subscriptions sent in t )
these gentlemen have been sufficient to absorb the entire
amount, so that their share in the transaction is little else
than that of agents between the Government and the public "

The weekly return of the Bank of England
made up to the 14th inst. shows many changes in
the account, but they are referable chiefly to the
quarterly, official, and dividend payments. The
amount to the credit of the Government is greatiy
diminished, and the balances of private depositors
are proportionably augmented. The repayment of
loans made upon stock while the transfer books
were shut caused a reduction under the head of
Other Securities, and, either from purchase-4 or ad-
vances upon deficiency bills, the amount of the
Government Securities stands higher. In the bul-
lion there was a further slight decrease. Com-
pared with the previous wwk, the changes were as
I follows :
Active circulation
Increase 571,470
Bullion 15,022,652
Decrease 56,166
3,123,446
37,853
2,720.640
3,288,255
14,233,796
2,833,921
947,721
42,582
13,673,713
646,964
13,266.068
389.927
7,967,535
612,605

Rest
Increase
Public Deposits
Decrease
Other Deposits
Increase
Seven-Day and other Bills
Increase
Government Securities
Increase
Other Securities
Decrease
Notes unemployed
Decrease

Yesterday afternoon the rates at which bills of 4(2,
exchange were negotiated on the principal conti- it
nental cities were generally a shade higher. it
The shipments of the precious meta:s from Lon- '5°25
don direct, during the week ending Thursday last, rx
were 173,200 ounces of silver and 60 ounces of ct
gold.
The calculation given in another part of The
Sun, respecting the price which the Consols of the
new loan cos`. the contractors is calculated with
money worth 4 per cent., but this may mislead, as
at their present market value Consols would only
give a buyer 3i per cent. per annum. The nearest
price at which the new loan can be estimated is
871. 13s. as the cost to the contractors.
The Stock market continues remarkably firm,
considering the new loan, the increase of taxation,
and the enormous expenditure of the year, for
which, as most persons will think, an English
army of 100,000 men ought to be maintained in
the Crimea, independent of our forces else-
where ; and it is generally remarked that in
any other country there would be fuller valtv,
shown for such a total. - The budget has been
criticised, and the increased income tax
is more disliked than the addition to the sugar
duties. Consols have been 89g to 89 for transfer,
and 89g to 891 for account. The New Three per
Cents. have been 88,1 to 891, and the Reduced BS/
to g. Bank Stock is at MI. Exchequer Bills
are 4s. to Bs., and Indian Bonds 12s. premium.
The " Omnium" of the new Loan has fallen to 1i
and 0 premium. For 11. annuity during 30 years
the quotation now is 161.
The Foreign Securities have been dull. Turkish
Bonds are firm, however, at 74a to Russian
are 981. Spanish and Mexican have not been
dealt in.
The, following are the nominal prices of foreign
stocks :—Grenada Deferred Bonds, 61 to 61 ; Mexi-
can, 20a to 20i ; Peruvian, 69 to 71; ditto Three
L per Cents., 48 to 50 " • Portuguese Four per Cents.,
11. to 43 ; ItussianEive per Cents., 98 to 100;
ditto Four-and-a-Half per Cents., 88 to 90 ;
Spanish New Deferred, 18 to 181 ; ditto Three
per Cents., 361 to 361; ditto Certificates, 4s to öi ;
titto Passive, 31 to 4k.
The English railway shares have been very in.
active, and the foreign quiet, but fully maintained,
The mining market is firm for St. John del Rey,
United Mexican are scarcely so high. Crysta.
Palace are lower.