The Sun.
London, England, 1856-11-19 00:00:00

MONEY MARKET

AND
COMMEROIAL INTELLIGENO

CITY, Two
The Liverpool Cotton Market yesterday closed
quietly but steadily, and prices of all kinds were
unchanged. The sales reached 5,000 bales, 1,000
of which were taken for export. The Railway
Share Market opened with a steady aspect, at a
slight improvement on Monday's currency, and
closed at its best point.
Parties interested in the Tea trade have recently
been in some doubt, as to whether the Government
intended to reduce ',the duty en that staple from
ls. 9d. to ls. 3d. per lb., but the question has
now been settled, by the announcement that this
alteration will take place on the 6th of April next.
Although no decided change has occurred in the
position of the general Money Market, certain
symptoms are manifested which are considered in-
dicative of an early improvement. These consist
of a slight diminution in the demand, the absence
of gold withdrawals from the Bank of England, and
the favourable advices from Paris with regard to
the progress of monetary affairs there. At present
it is different to determine whether much import.
ance should be attached to these slight changes,
because they have, on former occasions, proved
deceptive; and as it was only on last Thursday that
the directors of the Bank of England found it ne-
cessary to alter their minimum terms, sufficient
time has not yet elapsed to ascertain the full effect
of that important measure. There is very little
inquiry at the Bank of England for discount, but
in Lombard-street the applications are sufficiently
numerous to maintain previous quotations.
About 599,0001. in specie will be taken out to
India by the Colombo, from Southampton, to-
morrow.

In consequence of a recent statement that the
Directors of the North-Western Railway Company,
owing to the recent frauds at the Great Northern,
bad adopted taw measures by which a greater
'heck would be imposed on all transfer of shares,
the secretary of the Railway Department of the
Stock Exchange addressed the secretary of the
above Company on the subject, in answer to which
he has received the subjoined letter :
" London and North-Western• Railway,
Secretary's Office, Easton-station,
London, Nov. 18, 1856.

" Dear Sir,—l beg to acknowledge the receipt of your
letter of yesterday's date on the subject of the paragraph
which lately appeared in the public papers, to the effect
that in consequence of the late frauds the directors have
resolved that no transfer shares shall be binding upon
the company which have not received the assent of the
directors, and that every transfer therefore will have to
be submitted to them. In reply I beg to state that the
Paragraph in question is wholly without foundation.
The directors of this company have not passed any reso-
lution, nor have felt it necessary in any way to vary the
manner of conducting the transfer business of this com-
pany.—I am, Sir, &c.,
"R. SAVILLE, Assistant-Secretary.
"M.- Slaughter, Esq., Secretary, Railway
• Department, Stock Exchange."
The Funds have been very buoyant, and the
advance which occurred late yesterday has been
supported, while the market exhibits an active
appearance. Purchases, both for investment and
on speculation, have been made to a fair extent,
and the improving tone of the Paris market has
contributed to enhance the value of English stocks.
Consols have been 931- and 93 for money.
The account prices have been 931, buyers, but are now about 931 I. The New Threes are 921 1, the
Reduced 921 Exchequer Bills ls. discount to
I.s. premium, and the Bonds 98k 74. Bank Stock
is 217.
The business transacted in the Foreign Stock
Market has not been large, but prices have exhi-
bited an upward tendency. Brazilian 5 per Cents.
are quotel 991. Mexican, 224 I. Turkish 6 per
Cents. have improved fully 4 to 1 per cent., being
quoted 914 92, and the 4 per Cents. 1, being
"narked 1001. Dutch 4 per Cents, are 961, and
the 21 per Cents. 654.
In the Foreign Exchanges yesterday afternoon
there was no alteration of consequence, but the rate
,na. Amsterdam ruled heavy. The latest advioes
from New York mention that the course of ex-
change for 60 days' bills on London was at 1094, but
as this quotation still admits of a small profit being
realised on shipments of gold to this country, we
Au may still expect remittances from that quarter.
active inquiry still exists for silver, and its
value tends upwards. The dollars received by the
44 Mexican packet have been sold at ss. 14d. per
"nee, Which is a farther small improvement.
The following are the nominal prices of Foreign
stocks :—.Grenada Deferred Bonds, 6 7 ; Mexi-
Ca; 22 Peruvian 41 per Cents., 76 8 ; ditto
3 Per Cents., 54 6 ; Portuguese 3 per Cents.,
43 5 ; Russian 5 per Cents., 106 8 ; ditto 41 per
Cents., 94 6; Spanish 3 per Cents., 41i 2k ; ditto
New Deferred,' 23 4 ; ditto Certificates, 5 ; ditto
Passive, at 64.
An active business has been done in Railway
Shares this morning, at a general improvement of
about 4to per cent. in almost all the principal
lines. Caledonian, Lancashire and Yorkshire,
North-Western, South-Western and Midland ad-
vanced ss. to 10e., and Great Western, Brighton,
North-Eastern Berwick 10s. to 15s. The French
lines have also shown a considerable improvement,
Northern of France, and Paris and Lyons having
advanced fully V., and Central of France 55. The
ast Indian and Canadian lines are also at enhanced
values.

In Joint-Stock Bank Shares no business of an y
importance has been reported, and prices are with-
out alteration.

Miscellaneous Shares have been rather active,
but prices rule steady.

BRITISH FUNDS THIS DAY AT ON:,, O'CLOCK.
( From the Offictal List.)
Bank Stock
iluonels done.
217
3 per C3nt. Reduced Annuities
3 per Cont. Consols Anniiitiem 93i 4 §
till4l..dir. 3 per Cent. Annuities
Rends. £lOOO
Consols Ditto, under £lOOO 2 (1 2 p
for Aceo,

..
Exchequer gills,uunt 93i 21d.
£lOOO ..........
p
4tuall ...
Ditto Bonds,9Bi i
1858, 31 per Cent.. 3
P KICKS OF FOREIGN FUNDS AT ON 11l O'CLOI/4 'F •
Brazilian Bonds, 5 per Cont.
Mexican 3 per Gent...
Ditto Account . ....... . ....... ... .
....................... 22i i
Peruvian Bonds 41 per Cent .
Ditto 3 per Cent. ••, .... -
Ditto Account
Portuguese Bonds, 5 Cent., Con. 1841
Ditto 1853, 3 per Cent
43
Sardinian Bonds. 5 per Cent. .
TurkiDitto Account .............. . ........... ....••• 9J
Dittobb Honda, 6
put. cent
Account ............ .
DittDitto
Accounted,Guarante 4 per Cent.
o
•f ~ ends 0,1 the above Avahig. in 'nor,'
Dutch Exchange, 2tl per Co:,. 12 Guilders 651
Ditto 4 per Cent. Certificates • ........
'.C
W 0 O'CLOCK.
Console (Money} -93 i
Ditto (Account) .............................. (J 3 i

The loss loss of the ship Majestic has been reported at
Lloyd's. She left Liverpool on the 15th of September,
with mail for Prince Edward's Island. The letters and
Passengers were saved and taken to Charlotte Town by
the Lucy Ann.
A. GOOD CATCII.—On Friday, as Mr. Hamblin, game-
keeper to T. R. Rodbart, Esq., of Ald wick Court, Was
practising rifle shooting with a double barrelled gun, the
ball struck a yew tree and bounded a distance ,-,f 42 yards
(for it was measured), when Hamblin, seeing the ball
co
min caught it in his hand, our informant witnessing
the feat. We have seen the ball, which is flattened as
though it had been fired against a stone wall. —Br idol
tough
PRICE OF GOLD.—The quotation of gold at Paris is
about 6 per mills premium, and the short exchange on
tendon is 25.20 per W. sterling. On comprimg these
rates with the English Mint price of 3/. 17s, 10.1,d. per
ounce for standard gold, it appears that gold is
nearly 5 10ths per cent. dearer in Paris than in Lon-
-4°13. By advices from Hamburg the price of gold is 424
Per mark, and the short exehange on London is 13.3 per
1/. sterling. Standard gold, at the English Mint price,
ill therefore rather more than ,f. he
per cent. dearer in
liamburg than in London. They ourse of exchange at New
tent'York on London for bills at 60 days' sight is 109 i per
•, which, when compared with the Mint par between
the two countries, shows that the exchange is slightly
against England ; and, after making allowance for
charges of transport and difference of interest, the pre-
sent rate leaves a trifling profit on the importation of
gold from the United State&

10C
100
100
2C
20