The Sun.
London, England, 1856-05-13 00:00:00

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COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoCK

The Liverpool Cotton Market yesterday closed
quietly but firmly, and prices were un-
changed. The sales amounted to 8,000 bales, in-
cluding 7,000 American (2,000 on speculation),
1,000 Surat, 4jd. to 4td, and 20 Sea Islands, ls.
to is. 60. per lb.
There was an influential meeting at the Trea-
sury this day, at one o'clock, in accordance with
the invitation given in • the late announcement of
the New Loan. Among the gentlemen present
were Messrs. Rothschild, Sir Joseph Paxton, the
Lord Mayor, Baron Goldsmid, Messrs. Cazenow,
James Capel, R. and T. Thornton, Lawrence, and
some others. The Chancellor of the Exchequer
said he would be happy to give any informatien in
addition to that afforded by the announcement re-
cently made, and in the course of a general con ver-

cation it was asked whether one of the payments
in June that was to be paid on a Saturday could
not be put off, as that was a very inconvenient
day, and Sir George Cornewall Lewis replied that
it,might be made on the Friday preceding if preferred.
It was elicited that no savings bank stock would
be sold except for savings bank purposes, and that
the same form would be observed as in the last act.
The Chancellor then said that, to prevent any mis-
understanding, he would tell those present that
the proposed loan of 5,000,0001. was calculated to
cover the whole of the expenditure, with the ordi-
nary sources of revenue for the year, with the ex-
ception of two millions, and that he should pro-
pose to take power for issuing probably Exchequer
Bonds, or as alternative Exchequer Bills—in the
event of the market being favourable —to
cover that margin of 2,000,0001. that would
remain unprovided for. These two millions,
under any circumstances, according to present cal-
culation would not be required until the end of
the present year or the beginning of the next. It
would be a matter for the discretion of the Govern•
went whether they would require something on a
contingent note to cover any excessive expendi.
ture, which, however, was not likely to arrive.
After some further observations with regard to the
mode of tender, the forthcoming interest on
Exchequer Bills, &c., the interview terminated.

The advices from America brought by the steamer
Africa state that money was rather easier, but
there was a good demand for loans on call at 7 per
Cent. The latest weekly return of the City Banks
was more favourable than for some time previously.
The Bankers were discounting less freely, but it
was not likely to produce any stringency on the
Money Market. The balance of trade still con-
tinues against the New York traders, and during
the week ending the 25th April there was an ex-
cess of imports over exports to the extent of
1,818,747 doll. The market for Public Securities
appears to have remained in a quiet state.

The Funds are steady at about yesterday's
Prices, but the market continues languid. Consols,
for money, range from 921 to 93, and for the ac-
count, 93i 93k. The New 3 per Cents. are
92, 92,1 to f , and the 3 per Cent. Reduced 91i
911 Bank Stock is quoted at 211, 212, and
India Bonds at 83. discount. The March Exche-
quer Bills are 23. discount and the June ditto
23. to 4s. discount.
The result of the meeting at the Treasury had
the effect of producing a slight improvement in the
11/Inds.