The Sun.
London, England, 1858-03-18 00:00:00

MONEY MARKET

AND

COMIYIEROTAL INTELLIGENCE. I Bhr.

CITY, Two O'CLOCK.

Letters from Liverpool report that the Cotton
Market yesterday manifested a very heavy appear-
ance, and values of all descriptions continued to
decline. The sales were estimated at 4,000 bales,
500 of which were taken by the speculators. The
Railway Share Market closed quietly, and prices
Were without any material alteration.
Al, further addition of 64,0001. was made to the
stook of bullion in the Bank of England yesterday,
and the return: which will appear on Friday is
expected to show an increase notwithstanding the
recent withdrawals. As the demand for money at
.the national establishment is still very re-
stricted, a steady augmentation of the notes
and a diminution of securities are also an-
ticipated. Under these circumstances the
probability of a reduction in the minimum rate of
discount has been freely discussed in commercial
circles, but it is generally admitted that very little
advantage amid be derived from a further cheapen-
ing of money,, the terms being already as low as 2±
percent. in the open market. At the Stock Exchange,
where business is exceedingly dull, loans can
be obtained on Government securities at 1i to 2
percent. It is rather singular that with such a
plethora of available means speculation should
remain so quiet ; but there can be no doubt that if
louse the demand for securities became excited, a
period of animation would quickly follow the inac-
tivity now experienced.
The Bank Directors, at their meeting to day,
nude no change in the rate of discount. It is,
nevertheless, expected that another per cent. will
be taken off ere long, owing to the superabundance
of money.
A general meeting of shareholders in the Belgian
Eastern Junction Railway Company has been held
to-day, at which a report was presented, showing
an available:- sum of 10,362/. 10s. 4d. ; but the
debts still'required to be liquidated amounted to
33,446/. During the past year the receipts of the
line had exceeded the former one by 1,960/. Some
discussion took place on the propriety of developing
the traffic, and reducing the expenditure, after
which the report was adopted. The resolution for
raising 36,0001. by the issue of obligations was then
agreed to.
The market for the English Funds is rather
buoyant, a further rise of it per cent. having taken
place, but the operations have been limited. There
is very little doing in' any department, and the
brokers generally complain of the few commissions
they receive. Consols have been 961 97 for money,
and 97 971 for account, but they are now about
97 for both. The March Exchequer Bills are 375.
premium ; and the June Small ditto, 375. to 41s.
premium. lndia Bonds are 30s. premium.
In the Foreign Stock Market a fair amount of
business has been transacted, and prices have fluc-
tuated to a moderate extent. Turkish 6 per Cents.
are 101± to leti ; Ditto 4 per Cents., 104 ; Bra-
zilian 5 per Cents., 10311 ; Buenos Ayres Deferred,
; Metican 3 per Cents., 20k ; Peruvian ait per
Cents., 81 ; Russian 4i per Cents., 100 ; Spanish
3 pUr Cents., 44i ; ditto Deferred, 261; ditto Cer-
tiacates, 4i 5 ; Belgian 4i per Cents., 1001 ; and
Dutch 2i per Cents., 6.51 _ .

The following are the nominal prices of Foreign
Stocks •--Grenada Deferred Bonds, 51 61; Mexican,
20 20.} ; Peruvian 4i per Cents., 81 S ; ditto 3 per
Cents., 56 57 ; Portuguese 3 per Cents., 45 46 ;
Russian 5 per Cents., 109 111 ; ditto 41 per Cents.,
99 101 ; Spanish 3 per Cents, 44 441 ; ditto New
Deferred, 261 f.
The last week's railway receipts, ascertained up
to this day, are in round figures as under
1858. 1857.
Great Western £23,134 £24,450
North-Western
51,647 56,618
.nliontb-Western
mrightan 9,181 10,622
...midland •
Gouth-Eastern
Great Northern
, ea/Atka and Yorkshire 18,404 21,463
...Sristol and Exeter 5,247 5,772
,gast Lancashire 4,891 6,108
Lancaster and Carlisle
klitach•ater, Sheffield, & Lincoln 7,854 9.033
Worth Stafford
Orlord, Worcester, and Wolver 3,765 3.907
...Wist Hartlepool 2,547 2,8410
Xdinburgb and Glasgow . 5,147 5,429
Glasgow and Sou h-Western ...... 5,862 6,294
Bootie') North-Eastern 3,475 3,440
arp,nd Trunk of Canada
Groat Western of Canada 7,472 9,984
Northern of Francs
In the Railway Where Market this morning a
very limited business has been transacted, and
Owing to the unfavourable traffic returns of most
Of
the- principal- lines, prices have been depressed.
astern _Counties, Great Western, and North-
Western, have receded ss. ; Caledonian, Lance-
'hire and Yorkshire, and Midland, 10s. ; and North
?Astern (Berwick), and North Eastern (York), 1/.
South Wales improved about 1/. The Foreign and
Colonial undertakings have been rather quiet, but
It a alight irnprovenient on yesterday's prices. Paris
Ind Lyons have advanced 5a ; Great Luxembourg,
68. ; Pernambuco declined ss. ; Great Western of
Canada improved ss. ; Grand Trunk of Canada,
108. ; Great Indian Peninsula and Scinde were
dealt in at former quotations.
Mines, Banks, and Miscellaneous Shares have
exhibited very little animation. Bank of Egypt
declined 10s. ; Oriental Bank, 103. ; and London
and, Westminster about ss.

„ •
15RITISH FUNDS.—CLOSING PRICES—THIS DAY.
(Prom the Official Ltist:)
Business does
3, per Cent. Oonsols Annuities
!kilt Borgia, £lOOO .......... ........
I nitto, under £lOllO 3O p
itank StOck for Account
Colsols ter Account
ambigua: Bilis, 24d. March. June.
• £1000
' 5500 37 41 i4l
S nail
PRICES OF FOREIGN FUNDS—THIS DAY.
.Idrailuan 5 per Cent
atuenos Ayres Bonds, 6 per Cent. —
' Ditto Deferred, 3 per Cent. . .
0 Allan Bonds, 6 per Cent —
Ditto 3 per Cent . 75
'Lazing's 3 per Cent —
ifitto Account 2o' 191
Perniian Bonds, 41 per Cent —
Ditto Account
Ditto 3 per Cent.
Ditto Actount 565
Russian Bonds, 1822, .1.: St., 5 per Cent._
' Ditto, 44 por Cent. lOO
Sardinian Bongs, 5 per Cent. ... .......
Sonish Bonds, 3 per Cent.
Ditto Account , . . 441
111 Ditto IiT,AW Deferred, 3 per Cent.
Ditto Account*
lii!:nish Committee Cert. of Coup, not fun. 41 6
Turkish Bonds, 6 par cent lO2
Ditto Account ..
Ditto Guaranteed, i per Cent.
_Ditto Account,
Venezuela Bonds, 4a per Cent
Dividends on the above payable in London.
telgian 4i per Cent., ox. 25 francs
D itch Exchange, 25 per Cent., 12 Guilders 6'a a
• 2 MIME O'CLOCK.
Console, money
Consols for Account, (April 8)
96

18
20
100
100

100
20
20
20

20
St.
20
20
100
20

CAITRIBURT HALL—We understand that Mr.
Morton, the spirited proprietor of this most popular
establishment has, after a lengthened negotiation, suc-
ceeded in obtaining this lease of very convenient ground
adjoining, on which it is proposed to erect a picture
gallery, in which a large collection of the choicest spe-
classics of high art will be thrown open for the inspection
'of his numeroui patrons and friends.
MARRIAGE AT THE MANSION• HOT:MIL—Min Ada
Blanche Carden, third daughter of the Lord Mayor, was
./esterday married to Mr. Frederick Brodie. At the
conclusion of the ceremony, which was performed at St.
Mary Woolnotb Church, Lombard-street, the Lord
Mayor and Lady Mayoress gave an elegant repast in the
long parlour of the Mansion house to a large number of
their relatives and private friends.
▪ LIVICRPOOL, March 17..—The screw steamship City of
ItaltiMore, Captain Leitch, belonging to the Liverpool,
• New Fork, and Philadelphia Steamship Company, sailed
ktnce to-day for New York with a large cargo and a
consietrahle number of passengers. On Saturday next
the Canard steamship Persia will leave this port with
mails, cargo, and passengers for New York.
Mn. BASS, M.P.—Mr. M. T. Bass met with a severe
accident whilst hunting with Mr. Meynell Ingram's
hound., at Kedleston, on Tuesday. Very soon after
ks hounds had thrown off, Mr. Base's horse, in taking a
low fence, leaped upon some boggy ground, and in clear-
ing himself threw his rider and galloped over him. Mr.
Bess received several bruises and was a good deal shaken;
he was also struck in the face by the horse. Lord Scars-
' dale immediately despatched a messenger to Derby for
• Mr. Gisborne to meet Mr. Bass at the King" Head,
whither he was conveyed in his lordship's carriage. Mr.
Baer was able to go to his r. sidence, Byrkley Lodge, in
bt• afternoon.—Derby Mercury.

12