The Sun.
London, England, 1858-03-20 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
The Bank of England return, made up to the
17th inst., is of a very satisfactory character, and
shows a further accumulation in both the notes and
bullion, with a slight decline in the other securi►ies.
The last item now stands at a moderate amount,
being about half what it was during the height
of the late crisis. To the reserve of notes
there is an addition of about half a mil-
lion, and in the bullion there is an
augmentation of more than a quarter of a million.
The public deposits owing, to the active collection
of the revenue, have been increased to a consider-
able extent ; but in the private deposits there is a
falling off to the extent of about 220,0001. The
active circulation also shows a slight decrease. In
the other items of the balance-sheet there is little
variation requiring special report, and the changes
they present are shown in the following table :
Active circulation
Decrease
Bullion
Increase
. Rest
Increase . 1,632
Public deposits
Increase
Other deposits 13,770,139
Decrease
Seven-day and other bills
. Decrease
_13,094

Government securities
Decrease
Other securities
Decrease
Notes unemployed
Increhse

It is fully expected that the next balance sheet
will be equally f4vourable, owing to the influx of
gold and the limited demand for discount. It

would not therefore excite surprise if the Directors
reduced the rate next Thursday, as they are now
in a position to do so if they thought proper. Not
only may heavy remittances of specie be cal-
culated upon from Australia, America,
and Mexico, but also from China ; the accounts re-
ceived this morning, announcing large shipments
of silver. Meanwhile the exports to India, and, as
a consequence, to the Continent, are diminishing,
which, of coarse, will ensure a further accumula-
• tion of bullion in this country.

The rates of exchange for bilis drawn upon the
chief cities of the Continent were rather firmer
yesterday afternoon.
About 150,0001. in gold, chiefly Australian, was
taken into the bank yesterday.

The Liverpool Cotton Market yesterday closed
quietly, and prices of all descriptions continue to
decline. The sales amounted to 4,000 bales, 500
of which were taken by the speculators and ex-
porters.

Since Monday last the imports of specie have
been about 1,465,7781., and the exports 111,8911.,
exclusive of the following shipments direct from
London to the Continent during the week ending
Thursday last :

Gold Coin—Boulogne 29,540 oz.
~ Bars— ~
Silver Coin— „
IS —Rotterdam 221,800
rf "-- Belgium
111 —Hambro' 119,760
„ Bars—Boulogne 4(O
The demand for money is limited, and the rates
remain without alteration.

In the market for English securities there has
been more firmness, but the transactions have
been limited, and there is still a remarkable
degree of inactivity in all departments of the
House. A beneficial influence has been caused
by the Bank of England return, and the expecta-
tion that the terms of discount will be further re-
duced. Consols for transfer have been 96i 1, but
they are 961 to 97, and the same for account. The
March Exchequer Bills are 355. to 395. premium ;
and the Bonds 991 to 10). India Stock is 220.
Business in the Foreign Stock Market is quiet,
and prices are generally rather firmer. Turkish 6
perirents. are 1011 f, and the 4 per Cents. nominal.
Chilian 6 per Cents. are 105. Peruvian 41 per
Cents., 81k Portuguese 3 per Cents. 45'
A 6. Spanish 3 per Cents., 44g. Ditto Deferred
.26k ; and Dutch 4 per Cents., 101.
The transactions in the Railway Share Market
this morning have been very moderate, but an ad-
vance of about to 1 per cent. may be reported in
most of the principal lines dealt in. North Western,
North British, North Eastern (Berwick), and
South Eastern, advanced ss. ; Eastern Counties,
Great Western, South-Western, and Midland, 10s.;
Lancashire and Yorkshire, 1/. ; East Lancashire,
11. 108, ; and Caledonian, 2/. The Foreign and
Colonial lines have been flat, and at lower rates
in several instances. Bahia and San Francisco
have declined ss. ; East India, 10s.; and Grand
Trunk of Canada, 1/.
In Mines, Banks, and Miscellaneous Shares
scarcely any business has:been reported, and prices
are unaltered to any material extent.. London and
County declined about ss. ; Western Bank of
London, 10s. ; and Electric Telegraph, 1/.

BRITISH FUNDS.—CLOSING PRICES —THIS DAY.
(From the Offictal List.)
Business done.
3 per Cent. Consols Annuities 96
g
India Stock
Bank Stock for Account 227
CeLsola ter account
Erlhegasr Bills, 24d. March. June.
,E1030
35 9 I
Smsli 35 9
Exchequer Bonds, 1858, 34 per Cent.... 99i 100
PRICES OF FOREIGN FUNDS—THIS DAY.
Chilian Bonds, 6 per Cent lO5
Peruvian Bonds, 41 per Cent
Ditto Account
Portuguese Bonds, 3 per Cent., 1853 4b
Ditto Account
$p .rdsh lioude, 3 per Cent.
Ditto Account 44g
Ditto New Deferred, 3 per Cent.
Ditto Account,
Turkish Bonds, 6 per cent ............
Ditto Account
Dividends on the above payable in London.
Dutch Exchange, 24 per Cent., 12 Guilders
' Do. 4 per Cent. Certificates
TWO O'CLOCK..
Consols, money
Consols for Account, (April 8)

.00
20
20
20

20
20
20
20

st.
50
st.
st.

20
20
10
St.

18
18
20i
LOO
LOO