The Sun.
London, England, 1858-03-17 00:00:00

MONEY MARKET

AND
CO :NI Id ER C AL INTELLIGENCE.

CITY, Two o'CLocx.

The Liverpool Cotton Market yesterday closed
heavily, and the pricea of most descriptions were
fully id. per lb. lower. The sales were estimated
at 3,000 balsa. In the Railway Share Market there
Was no change to report, and values were without
alteration.

The influx of specie has suddenly increased, and
as the demand for silver is quieter, and fewer ship-
ments will consequently be made to the Continent,
it is expected that the bullion in the Bank of
England will be further augmented. The
Rent arrived yesterday with about 192,8001., and
the La Plata is announced, this morning, with
about a quarter of a million sterling on board,
chiefly in silver. Upwards of 350,0001. is still due
from the antipodes, which in addition to that
-which may be received from America, and other
places, will insure a further import of specie. rnder
these circumstances it is not considered improbable
that the Bank of England will at once reduce the
rate of discount to 2i per cent., because the com-
petition out of doors is sufficiently active to with-
draw from the national establishment the limited
amount of discount business that is now offering.
It was at first imagined that they would
ot make any further relaxation, inasmuch
as it was not likely to produce any adequate
advantage, but it is now thought that they will
adopt a similar course to that which has been fol-
lowed in former periods when the situation of the
establishment has warranted a❑ alteration. The
position of the " till " is now considered better
than it has been in past times, when a minimum
of 2i per cent, has been established.
The inquiry for discount accommodation is very
quiet, and at the Bank of England the applications
aro exceedingly limited.

Silver is rather cheaper, the bars brought by the
last Mexican steamer having been sold at ss. 13d.
per oz. standard. About 45,000 in gold was taken
into the Bank yesterday, and it is expected that
fair proportion of the remittances received by the
Teviot and tile Kent will be similarly appropriated.

The foreign exchanges continue dull but steady.
There was a special meeting to-day of the Buffalo
and Lake Huron Railway Company, at which the
resolution for making the 15,000 of 7 per cent. 101.
Preference shares convertible into ordinary shares
in 1863 was carried, unanimously.
There is a firm market for English Securities,
and the general tendency of the quotations is
favourable, but business continues dull, and very
little variation has taken place. The imports of
specie, and the expectation that the new Ministry
Will prove successful have caused an improved tone,
but speculation is still very much restricted.
Consols have been 961 for money, and 96i 97
for account, but they are now firmer, viz., 961
97 and 97 to 971 respectively. The New Funded
Debt is steady. Exchequer Bills are 38s. to 425.
premium.

Foreign Securities are rather firmer and the
41nount of business transacted has been rather ex-
tensive, but prices do not exhibit any particular
alteration. Turkish 6 per Cents. are 101 to 102 ;
Russian 5 per Cents., 1101 ; Spanish 3 per Cents.,
444 ; ditto Deferred, 26i ; Buenos Ayres Deferred,
18 ; Equador New Consolidated, 14; Grenada
New Acti►e, 191 ; Peruvian 41 per Cents., 801 ;
Venezuela 4/ per Cents., 33 ; ditto Deferred, 121 ;
Dutch 2i per Cents., ; and ditto 4 per Cents.,
101,

The following are the nominal prices of Foreign
stocks:—Grenada Deferred Bonds, 51 64; Mexican,
20 201 ; Peruvian 4i per Cents., 80 81; ditto 3 per
Cents., ; Portuguese 3 per Cants., 45 40 ;
Russian 5 per Cents., 109 111 ; ditto 41 per Cents.,
99 101; Spanish 3 per Cants, 44 441 ; ditto New
Deferred, 261.
A moderate business has been reported in the
Railway share Afarket to-day, and prices have ex-
hibited a fluctuation of about Ito per cent. North
.Eaatern (Berwick) declined ss. ; Caledonian, Great
Western, Lancashire and Yorkshire, South Wes-
tern, and North British, 10s. Eastern Counties
Iltid Midland improved 55., and Brighton 10s. The
Foreign and Colonial lines are quiet, and exhibit
little variation in prices. East Indian have irn-
Droved. 10s. ; Pernambuco, ss. ; and Sambre and
&euse, ss.
No business of importance has been transacted
14 Mining Shares, and quotations are nominal.
For Joint-Stock. Bank and Miscellaneous Shares
there is a limited demand at slightly improved
values. London Chartered of Australia have ad-
'lanced ss. ; Oriental Bank, ss. ; Canada Land
shares, North of Europe Steam, and Van Dieman's
Land shares were dealt in at former quotations.

41triiiiI FUNDS THIS DAY AT ONE O'CLOCK.
(Prom the Official List;)
a Braille's done.
Per Cleist. Consols Annuities
'kl& Bonds. £l000

t)itto, under £lOOO 29 5 30
7 Lsole ter Account
44die. Stock for Account - -
Ztchoquer Bills, 20. March. June.
51000 ... 33 42 p i
£5OO 3B 42 p 1
, 8 null ~ .
2LICEX OF FOREIGN FUNDS AT ONE O'CLOCK.
4.llenos Ayres Bonds, 6 per Cent. —
Ditto Deferred, 3 per Cent. . lB
tqqador New Consolidated l4
refaada Now Active, 2i per Cent.
bitto Deferred
Peruvian Bonds, 44 per Cent BOl
Ditto Account
-%ttssian Bonds, 1822, Z St., 5 per Cent._ 110
t, Ditto, 4i per Cent
4D,rilsli Howls, 3 per Cent.
Ditto Account
Ditto New Deferred, 3 per Cent.
N. bitto Account 26i
Yaneznels, Bonds, 4/ per Cent
Ditto Account 33
Ditto Deferred 2 per Cent
Dividends on the above payable in London.
blitela Exchange, 2i per Cent., 12 Guilders 67A
Do, 4 per Cent. Certificates
TWO O'CLOCK..

Consols, money
Ditto, Account

PROPOSED INTERNATIONAL HOTEL—The prospectus
of the International Hotel Company whioh will be found
le our advertising columns deserves attentive perusal.
The
: object of the promoters of this scheme is to provide
long needed want, viz., a large first-class commodious
motel in the heart of London, combining all the comforts
tied conveniences of the best clubs in England, and the
44dibg hotels en the continent. The company proposes
t,,
erect a magnificent structure of the above description,
I,l4ting a frontage of 800 feet, abutting on the Strand,
lorleigh-street, Exeter-street, and Wellington-street,
.eluding the ground now occupied by the Lyzeum
Theatre. A better spot for such a purpose could
illh4 be found in London—it is midway between
Lge parliamentary and fashionable, and the cern-
gireial and business portion of the metropolis,
1 is in close proximity with Government offices, the
,
clerte of law, the theatres, and within a shilling fare of
:1.1*9 railway terminus, with two exceptions. The con-
Lleeal extension of the net work of railway to the re-
motest part of the kingdom is daily making the want of
tech an establishment more evident as the facilities of
travelling augment the number of visitors to this centre
t'
government, capital, and commerce. The scheme—
'which deserves the greatest encouragement and success
tat present in the bands of gentlemen of the highest
,eBpectability, and there cannot be any doubt that, in a
abort time, London will boast of having in its very
4ritre one of the finest hotels in the world.
t. 1:10 LATE MURDER AT PORTSMOUTH.--Up to the
1:140 of the despatch of this report last night no clue had
4eo discovered to the murderer of the unfortunate man
411) otherwise Howard, whose assassination was re-
tberted in Tite Sun of Monday. An inquest was opened
the boroueh coroner at the Do plan Inn on Monday
h Zighti but no evidence was elicited to throw any light
Ile* the matter, and an adjournment for a week was
tilelYed on. In the meantime a post mortem examine-
_ of the body is directed to be made. An airgun is
f'ileved to have been the weapon used by the murderer.
tit tharzucrivz FIRE IN SHOREDITCH. —Yesterday
trZtling, between the hours of three and four o'clock, a
t_• broke out at Mr. E. Welk's, cabinetmaker, 26,
"nard•street, Shoreditch, which was not extinguished
4til
% theok~own back workshops were burnt out. Cause is
11,
er,sl‘llß CHELSEA BRIDeE TOLL QUESTION.—LEBt night a
Vided meeting was held at Lloyd's Assembly-rooms,
%vane-square, Chelsea, to oppose the levying of a toll
Th the Uew Chelsea bridge, leading to Battersea Park.
e,ROn. G. Byng, M.P., occupied the chair. Sir J.
littloWaelley moved a resolution against the toll, An the
itidlled of the park being intended for the benefit of the
Ipo.h.strious classes, to whom the infliction of the toll
4:111d be a practical barrier. The resolution was unani-
ila 117 carried, as was another, recommending
eft lion to the First Lord of the Treasury, and tbe
' Commissioner of Works.