The Sun.
London, England, 1858-07-22 00:00:00

MONEY MARKET

AND

COMMERCJAL INTELLIGENCE.

CITY, Two o'CLocx.

Accounts received from Liverpool report that the
Cotton Market yesterday presented a very flat
appearance, and prices of all descriptions slightly
receded. The sales were estimated at 6,000
bales, 500 of which were taken by exporters. The
Railway Share Market closed quietly, and quo-
tations were without any material alteration.
The progress of business at the present time
causes little excitement, the transactions in most
channels, though increasing in a gradual and satis-
factory manner, being still far below the average
when commercial affairs are prosperous. None but
the over-sanguine and ignorant could expect an im-
mediate recovery to the full extent after the events
of last year, and which are ably reviewed in the
report of the committee appointed to inquire into
the operation of the Bank Acts, and the effects of
the laws regulating the issue of bank notes, as
shown by the late crisis. The labours of the
committee have been embodied in a voluminous re-
port which is well worthy of perusal, for although
it contains few features of novelty, it is at all
events impartial in reference to the general bear-
ing of that commercial revulsion, even though a
bias may be detected towards the Act of 1844.
So complete has been the prostration, and so ener-
vated must the energies of trade continue for
some time, that it is rather a subject for
congratulation that the revival has been so pro-
gressive up to this period. From most parts of
the country the advices are becoming less un-
favourable, confidence is expressed in the
future, and few complaints are made in respect
to the employment found for the operative
classes.
Unless more disastrous events occur, and
Which cannot be apprehended, there is still rea-
son to believe that, with a good harvest, con-
tinued easiness in. the Money Market, and
encouraging advices from foreign and colonial
Markets, a marked improvement will be per-
ceived in all directions at the end of the
Year. Still the movement, naturally enough,
is very slow, and the quietude pervading
Most circles has the appearance of depression,
but it is only by comparison that an opinion can be
formed of the extent of the amelioration yet at-
tained. If, then, the present position of affairs
be contrasted with that existing two or three
months ago, it will be seen that in most, if
not all branches of business, there is a better
feeling, and a still more substantial proof of
a favourable change, viz., increased operations.
Although there is a general, though limited,
improvement in trade, the demand for money
Continues restricted, and the supply is abundant.
There is very little speculative activity in the
°get Stock Market, but the quotations are
nevertheless well maintained, with rather a buoy-
antl appearance. The few operations recorded
a'c'w a preponderance of purchases, and hence the
improving tendency. Consols have been 95a for
Money, and 951 for account. The New Threes
are 961 ; the Reduced, 961 ; Exchequer Bills,
355. to 365. prem. ; June, 235. to 264.
13rern• ; ditto, Bonds, 10011 ; and India ditto, .15s.
to
19a. prem. ; Bank Stock is 224 226.
In the Foreign Stock Market a large amount of
..uusiness has been transacted, and prices have
"ciliated to a considerable extent. Turkish 6
Per Cents. are 951 ; ditto 4 per Cents., 1041 ;
Brazilian 5 per Cents., 103 ; ditto Scrip,
i° par; Mexican 3 per Cents., 197; Peruviau 3
rr Cents., 69 ; Portuguese 3 per Cents., 451 ;
Cents,,
4), per Cents., 100 ; Sardinian 5 ptr
~,'ente., 901 ; Venezuela 41- per Cents, 38i 9 ;
Dutch 21 per Cents., 65i ; and ditto 4 per Cents.,
1014.

The last week's railway receipts, ascertained up
to this day, are in round figures as under

v°l4eat Western lBBB.
£31,870
orth-Western
rr!,th-Western
Midland
19,376
•"-ticlianA • 17,535
a° a
south- 31,689
Greta isTall, tern . 22,319

1857.
£33,586
69,146
19,883
16,991
52,853
22,586

..au , orthern 23,222 22,114
.1-4, . castare and Yorkshire,
tra_lB'ttel.l Fel
sa ici
reet e r 27,252 27,662
6,908 6,511
7,346 7,802
44 h ater Sheffield, & Lincoln 10,421 11,268
North-Eastern
North Stafford
vifd, Worcester, and Wolver 4,526 4,7444
.„l at. tfartlepool 3,482 3,30
i'adinbLurgh and Glasgow
Gilts urgb, Perth, and Dundee ... 3,197 3,586
Grallgri and South-Westerr 7,494 8,040
GI. Trunk a Canada
eat Western of Canada 6,770 8,379
14 Northern of
France
'nlbardo-Venetian
8,962 7,469
The 'dealings in the Railway Share Market this
lb
°lllilig have been limited. Prices, however,
fttive been firm, and most of the leading lines show
do 'rcprovernent of about ito i per cent. Cale-
-411.4ian) Eastern Counties, Lancashire and York-
Ire' and South Devon advanced 10s. ; East
1lt15glial), Great Northern, North-Western, Mid-
iilld and Nortb-Eastern (York), ss. Th 9 Foraign
11,"4 have been neglected, and prices have been
11
-l',e,nominal. In the Colonial Markets there is
0 little
change to report. Great Western of
:4ada have declined about 5 Grand Trunk of
.A,ilacla and East Indian have realised previous
-le,.
`lciat Stock Bank and Miscellaneous Shares
H4l° been
•,_
in good demand, and yesterday's quota
tons are fully supported. Bank of Australia and
iNat'l,ef Egypt show an improvement of about bs.
"s. Atlantic Telegraph are quoted 350, and
ation4Discount Company, 41.
BR:

1 'ISH FUNDS.—CLOSING PRICES—THIS DAY.
(Frcm the ()Ines& Liss:)
ltlllz Thr St°e k
224 6
,„
a (.7 Per Cent. Reduced Annuities
951 siii
1ie,,,,. 1,111:e'e .. , , ‘,. - - Annul tiw•
96 4 i
ity.itte 34 per Cent. Annuities
1835 198 A
9
la. toaaLars. expire sth Apl.,
D, t,
v.. 0 Debentures
15 19
Dl to
I' tlds, £lOOO
15 19
e,s__ ander ,:i• *4 tiy .1;'_e5018 for Account
March. June.
'4etitloll-er.Biliss _ 26 3
sotoP. .................... .. ....
36 5
Each
nial ..................
tittao`rie.fBl3s.-.9011da...., 18.5.8, 3l pC.r&n
1001
11112
iititir.FPoeßr
CEeInGtN FUNDS.---THIS DAY._
103 /
bitt Actor
Ee„,.,'" 1858, 4!,, per Cent.
~,e A yres bonds 6 per Cent. --
,„.,-li!tto Account . b
‘akili
.... .• •
E '") 6 Per Cent
Grenada New Consolidated
k Ditto i
nDA);
icirrru, :(
,s!,.
n 4.
it
14a
20
lel)ir:ttioa New Actin, 21 per Cent
5i
19f
3 per Cent
jaPitto Account ....
per Cent
69
uoll'igliese 3 per Cent., 1853 —
111ui,4) Account
..... • -.
el". 1822, £ St., 5 per Cent
itte 1 -,
di . 802, 44 per Cent.
0414 5 per Cent 99i 90
lip "'to A.ecount
j'l'li ;suds, t per {l'm-
''t° t`' Deferred, 3 por cent.
bitto "
27
1,4 . Account
rkuill Boucle, 6 per Cent.
trate. Account
4,itto Quaranteed 4 per Cent.
Ditto Account
Ttliu..la. Bonds,s per Cent
thtto Account
14i 15
Ditto Deferred, 2 per Cent. ..
Fr • bividends on the :thow
etch Cant per Cent., Ex. 25c • 7sf. 250.
...a.7a.b.le-m London.
btitl)%3 per, ex. 25 francs . ....••• 6,
Do ~let'ang,,,,2A per Con:.. 12 Guiloers C5ll 2
-* ' Per Cent. Certificates .. ••••••••" 10'1 71f
.THREE O'CLO6 •
94 i
tisi i

1041 1,,.}

?-x?ns°lB, money..
motto account
-L,L

--- ___. ------.
'v
-d at
QaJ'ila -Excellency Count Kielmansegge has
,arri.
jai.
fl,•bad, in
tiroved heal'h. al
'
Bohe ia in we are happy to ieato,
fr. Lr'l and Lady Harr Vane have returned to town
-°.:.11 Lady Marian
r. a suaall and early"
Alfoyrd's seat, Ashridge Park. ,
I, -L'ady Laura Meyriek was " at home" last 6 veiling t.r
uinzon.street. Party at her laraLtdY Arthur la " left dy-hip's residence ut
yesterday for the baths
s" 11"inken, fora tm eteolcwsn ye
t %r Roert Peel, Bart',w M..P , and Lady Emily Pee',
44veleft Belgrave-square for Kissingen, for a few week?
liLtters from St. Petersburg state that a Polish exile in
rto the
has invented a means of applying steam-Pow
te Lae as
(..f the sledges, by whioh journeys may
co,.
ered 11Pidly made on the frozen rivers and the
.stepper
1) llierio
v
,„, with frozen snow, which abound in the Russian
"+A.