The Sun.
London, England, 1858-06-23 00:00:00

MONEY MARKET

All D

C 0 DI STER CIAL INTELLIGENCE.

CITY, Two o'CLocr.

Accounts from Liverpool report that the Cotton
Market yesterday closed heavily, and prices of all
descriptions were without material alteration. The
males were estimated at 5,000 bales, 1,000 of which
were taken by the exporters. The Railway Share
Market presented a quiet appearance, and the busi-
ness was ed, but values slightly improved.
The general state of business in the manufacturing
districts, although still inactive, is perhaps quite
as favourable as could reasonably have been ex-
pected. This is generally a dull season, but the
advices both from America and Australia being more
satisfactory, must encourage the millowners to look
forward with some degreeof confidenceto the future.
An improvement here being dependant upon a reco-
very in foreign and coloni4l markets, the favourable
tenure of the r,cent intelligence must be regarded
as satisfactory.

The demand for discount accommodation con-
tinues very animated, and the terms charged for the
negotiation of commercial paper have consequently
been advanced. The movement in the rates, how-
ever, has been limited to an Bth or a I per cent.
and as the supply is liberal, no difficulty is ex-
perienced in getting all the assistance required. lt
is generally supposed, however, that in the space
of a fdw weeks the inquiry will again subside, and
as the dividends will then be in course of payment,
the market is considered likely to resume its
previously quiet and easy appearance.
The traffic returns of the principal railways this
week are expected to be more satisfactory, the re-
ports concerning them being of a favourable cha-
rat ter.

Accounts from Paris state that the Bourse is still
- very feeble, and some disappointment had been
caused by the reaction in prices. The negotiations
between the Government and the railway com-
*panies were still in progress, and it is not expected
that the question will be immediately decided.
The Market for Public Securities is firmer to-
day, and a rather larger business has been trans-
acted. Among the principal transactions was a
purchase of 15,0001. Reduced by the Govern-
ment broker. Consols have bean 951 and
95i ; they are now however rather heavy, viz., 951.
The market is easily affected by a small sale or
purchase, but the general tendency seems favour-
; able. The New Threes are 951 96i ; the Reduced
95i 96} ; Long Annuities, 1 ; Exchequer Bills
(March), 325. to 365. pm. ; and ditto June, 18s. to
225. prem. ; Bank Stock is 221 ; and India Loan
Debentures are 991.

An upward tendency is apparent in the Foreign

Stock Market, but business continues quiet.
Turkish 6 per Cents. are 951. Russian 41 per
, Cents. 1011. Sardinian 5 per Cents. 90. Dutch
• 4 per ,Cents. 1011. Portuguese 3 per Cants. 47.

and Brazilian Scrip 1i to 1 discount.
There has been a moderate business reported in
the Railway Share Market, and in most instances
• prices have improved to a slight extent, as it is
expected that the traffic returns of most of the
leading lines will show some improvement. Caledo-
xlians, Eastern Counties, Midlands, North Eastern
(Berwick), and South-Eastern, improved ss. Groat
Western, Lancashire and Yorkshire, and North
. British, 10s. ; North-Western, and Stockton and
Darlington declined about ss. In the Foreign
lines the transactions were confined to Paris and,
. Lyons, which declined about 103.
The Colonial undertakings were a shade firmer.
East Indian advanced 53 ; Great Western of
Canada, 5s ; and Great Indian Peninsula, ss.
Joint Stock Bank Shares have been very quiet.
London and County improved 5s ; and Union of
Australia, SP.

In the Miscellaneous Market Canada Land
Shares have improved about 4/.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
• (From the 0 fiicsal Ltst:)

Balk Stock
Three per Cent. Reduced Annuities 951 61
New Three per Cent. Annuities
Long Annuities, expire sth Jan. 1860
Litt° 30 Years, expire 10th Oct., 1859 11
India Loan Debentures
Consols for Account
Exchequer Bids— March. Juie.
£1000
£SOO
Stna'l • 32 6 1 18 22
?WOES OF FOREIGN FUNDS AT ONE O'CLOCK.
Zrazilian ''' per Cent
Ditto'S3l-1-85i
Portugu se 3 per Cent., 1853 —
Ditto Account
RUssian, 1822, £ St., 5 per Cent —
Ditto 44 per Cent loli
Sardinian 5 per Cent 9O
T nrkishßonds, 6 per Cent.
Dividends on the above payable in London.
Dutch Kid angc, 2i per Cent., 12 Guilders
Do. 4 per Cent. Certificates
TWO O'CLOC K.
Console for account (July 8) 951 x d

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