The Sun.
London, England, 1858-05-13 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoes.
LAters from Liverpool state that the Cotton
Market yesterday closed quietly, and prices of
Brazils exhibited an advance of id. per lb., but all
other descriptions we unchanged. The sales were
estimated at 9,000 to 10,000 bales, 1,000 of which
were taken for export, and 1,000 on speculation.
14 the Railway Share Market business was re-
stricted, but the quotations were rather firmer.
The amount of gold withdrawn from the Bank
yesterday was 94,0001,, and a reduction of net,rly
half-a-million sterling bas, therefore, taken place
in about a week. This, naturally enough, pro-
duces some anxiety on the part of speculators in
Public securities, but it is hoped that the move-
Ment will soon receive a check. Silver continues
firm, and there is no alteration to report in the
quotations of bars and dollars. It is expected that
the greater part of the supplies received yesterday
will be taken for the Continent.
The Paris Bourse continues very depressed, and
business is confined within the narrowest limits.
No influence seems to be produced in the value of
the Rentes by the cheapness and abundance of
Money. The 3 per Cents. are at an unreasonably
'we-point, viz., 691, whereas our Threes are fully
28 per cent. higher. Trade also remains in a most
stagnant condition, and serious complaints are
made by the commercial community both in Paris
and in the departments.
The annual meeting of the National Provincial
Bank of England was held to day, J. M. L turie,
Esq., in the chair. The report stated that the
directors propose to pay a bonus of 10 per teat. on
the whole of the paid up capital, thereby including
the last instalment on the new shares received in
hly last. After deduction of the bonus and divi-
dend for 1857, there will remain the sum of
12,0471. 35. to be added to the reserve fund, which
will then stand at 197,3801. 15s. Id. The Chair-
Man alluded to the gradual progress of the bank,
and the increasing estimation in which it was held
11 the public. The report having been adopted, a
vote of thanks was passed to the directors, and also
to Mr. Robertson, the general manager, and to the
officers of the bank.
The Market for English Securities has been rather
firmer to-day, and although the transactions are
limited, there is rather a better feeling. After the
resignation of Lord Ellenborough, and the notice
of motion given by Mr. Cardwell, there is, neces-
sarily, a good deal of uncertainty among the specu-
lators, but all things considered, the value of the
Illondts is well maintained. Consuls have been
971; for money, and L97f for account. They
are now e
9tt and 97i respectively. The New
Threes are 95/ 961 ; the Reduced, 951 96 ; the
June
Exchequer Bills, 435. to 445. prem. ; the
June ditto, 375. to 40s. prem., and India Deben-
tures, 1001. Bank Stock is 2221, and India ditto,
231it0 225.
Very few transactions have been recorded
4,
Foreign Stock Market, and prices have slightly
declined. Turkish 6 per Cents. are 97 to 97f ;
ditto 4 per Cents., 104 ; Peruvian 4} per Cents.,
86i ; Sardinian 5 per Cents., 92 ; Spanish 3 per
44i ; Venezuela 41 per Cents., 361 ; and Dutch
21 per Cents., 66.
The following are the nominal prices of Foreign
Stocks :-Grenada Deferred Bonds, 6 7 ; Mexi-
can 3 per Cents., 201 21; Peruvian 4i per Cents.,
86 88 ; ditto 3 per Cents., 60 62 ; Portuguese 3
Per Cents., 45i 46i ; Russian 5 per Cents., 111
113 ; ditto 4i per Cents., 101 103 ; Spanish 3 per
Cents., 44 ; and ditto Deferred, 261 27.
The last week's railway receipts, ascertained up
to this day, are in round, figures as under :-
1868. 1857.
,_Great Western £28,147 £29,292
North-Western
keth-Western
bnghton
kidland
outh Eagte
ti t N9rthrenrn 16,984 16,946
Groat
23,026 21,551
..
Artstnl eastore and Yorkshire 23.460 23,449
and Exeter 6,196 6,453
Easta Lancashire 6,235 6,569
lachester, Sheffield, & Lincoln 9.650 10.049
,Norte Stafford
orth-Eastern
Worcester, and Wolver.... 4,004 4,123
lota Devon
Rartlepool 2,378 2,627
3,122 3,168
47,i8uullrgh and Glasgow
Seottrw and Sou h-Western
4h North-Eastern 3,379 3,554
,-,evactish Central
nd Trunk of Canada
11,0 eat Western of Canada.
'4 Meru of France - 3 B 3B 187 36,698
mere has been a very limited business tran-
hs!‘ed this morning in the Railway Share Market,
:ust of the dealers being occupied with the arrange-
, for
14 the settlement of the account. Prices
te r
abown some slight variation. Brightens and
n Counties have improved about 53., and
eN4Lledonians and South-Eastern, .1 Os. ; Sou th-West-
-111;41 Manchester, Sheffield, and Lincolnshire, and
North-British,
declined ss. ; and North-Western and
10s. The foreign lines have been
Sty inactive, and show little variation in
triees, and in the Colonial Market prices are flat.
att Indian have declined 103., Grand Trunk of
ri
'4lkada 58.
roint-stock Bank azd Miscellaneous Shares
dONv little alteration from previous values. Lon-
eand6: County and Oriental Bank declined about
s'' London Joint-Stock improved Sc. Penin-
1, and Oriental Steam advanced 11., and Electric
euilitraph about 103.
Itta,

:TISII FONDS THIS DAY AT ONE O'Cl OCK.
tik s (From the Official Lise:)
ttk stock
222
Per t (I.i ocs. . nt. Reduced Annuities 6
954
lii:C.:ent. Consols Annuities 97* li i
430 "I Per Cent. Annuittat. _
b.,..Anntities (Exp. sth Jan., 1860)••••
11.4.4*('° 30 Years expire 10th Oct., 1859 1 7-7 6
Ila tit - ,
I . ' ook
Ind.'
i,,Rea Debentures —
0,0—" rip
kakeh._4lB if Ac
-11;13111ceoutd. March. June.
41.0c0
.. ' i
43 44 I 37 40
„,..,
........... ....«
44 I 37 40
;muuslL.: ...............
40 44 I 37 40
Itio ."..."
1,41, ES of FOREIGN FUNDS AT ONE O'CLOCK.
111,011/jan Bonds, 44 per Cent B6i
a union Bonds, r, per Cent. ..... ..... .... 92
Ithiriltill Rouds, 3 per flant.
litliblh Bonds, 6 per cent 96i 6 7 6 4
,Ditto, Account
"Itto Guaranteed, i par Cont.
',hezuelalaonds, 4/ per Cent
Dividends on the abova payable in London.
kteh Exchange, 2i per Cent., 12 Guilders 66
Two O'CI.OI K.
Consols, money 074 i
Coaaola far account

...IPRII2IOII AfADIMY OF SCIINCES.—At the last sittint
1144. Seguier read a report on an apparatus proposed
Marrasicb, a civil engineer, for recovering
far
bodies from the bottom of the sea. M.
, r'‘atrrattiola's plans having never been subjected to
3' direct experiment, the report could only
d,,,eide on their plausibility, which, however, it
141 to the most explicit manner. The principle of the
llVention consists in applying the power of ascension
baherent to air-balloons, especially under water, to
t° thefoundered ships, or any heavy materials,
surface. For this purpose, the balloons,
made of strong cloth coated with India rubber,
411 d known in trade by the name of artiicial
ift,Ly
are taken down empty to the bottom of the
Ilk and secured by divers to the body to be raised ;
kfter which they are filled with air by means of forcing
4,111t0 worked by a steam-engine on board a steamer.
""ue ca
balloons are provided with valves, and with tubes
4tlahlish a commuuication between them, so that they
e 44 all be filled at the same time ; moreover, other valves
tn:,terrepts this communication, so that, should one of
4,",e balloons burst, the others may still continue full,
I:+aere are many other details conne.cted.w.ith this inven-
l°o. which cannot be rendered intelligible without a
mAure.--Marshal Yaidant presented a new work by M.
ZI-18°11 on leLchev, in which it is shown that they can
Y he properly preserved in artificial ma.rdsehdes,wain,bd
1.,%eY must at certain periods be pros,'
"surnent from mamtniferou3 animals.
alums 4 paper on the electrochemical qualities of magne-
-M. Regnault
113:: bas metal recently obtained in considerable quan-
Deville, and ata'ed that in a hydro- lectric,
4,4'e couple composed of zinc and magnesium, th
th:etrcis electro-positive, d electro-motive force 145,
4,, I zinc, and pota,,siuni being 182, and that of zinc
s".4r Ediu
UTWm 178.
ear:OARD AUSTRALIAN MAIL.—The steamship
soutbi, .L% (chartered by the Royal Mail Company) lsft
Athitrijn P t"
, yesterday for Alexandria, with the monthly
eo,„ aailu mail, 35 paisengrrs (among whom is A4sistant
of thnlfil'ary-Generhe l Hector), an average cargo, specie
v_alue of 450/.,
and jewellery 3,940/.
h'"Opo fro..° -Earl of Lind stowel has arrived in town, for the
m Irela.

5
20
10
20

18
18
20i
100
100

100
20
20
20
174

St.
20
20
100
23

20
20
20
20

20
20
20
20

100
100
201
CO
20
20

00
100
20
50
20