The Sun.
London, England, 1858-03-18 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Letters from Liverpool report that the Cotton
Market yesterday manifested a very heavy appear-
ance, and values of all descriptions continued to
decline. The sales were estimated at 4,000 bales,
axy of which were taken by the speculators. The
Railway Share Market closed quietly, and prices
were without any material alteration.
A further addition of 64,0001. was made to the
stock of bullion in the Bank of England yesterday,
and the return which will appear on Friday is
expected to show an increase notwithstanding the
recent withdrawals. As the demand for money at
the national establishment is still very re-
stricted, a steady augmentation of the notes
and a diminution of securities are also an-
ticipated. Under these circumstances the
probability of a reduction in the minimum rate of
discount has been freely discussed in commercial
circles, but it is generally admitted that very little
advantage could be derived from a further cheapen-
ing of money, the terms being already as low as 2±
percent. in the open market. At the Stock Exchange,
where business is exceedingly dull, loans can
be obtained on Government securities at 1i to 2
per cent. It is rather singular that with such a
plethora of available means speculation should
remain so quiet ; but there can be no doubt that if
once the demand for securities became excited, a
period of animation would quickly follow the inac-
tivity now experienced.
The Bank Directors, at their meeting to day,
made no change in the rate of discount. It is,
nevertheless, expected that another I per cent. will
be taken off ere long, owing to the superabundance
of money.
A general meeting of shareholders in the Belgian
Eastern Junction Railway Company has been held
to-day, at which a report was presented, showing
an available sum of 10,3621. 101. 4d. ; but the
debts still required to be liquidated amounted.to
33,4461. During the past year the receipts of the
line bad exceeded the former one by 1,9601. Some
discussion took place on the propriety of developing
the traffic, and reducing the expenditure, after
which the report was adopted. The resolution for
raising 36,0001. by the issue of obligations was then
agreed to.
The market for the English Funds is rather
buoyant, a further rise of k per cent. having taken
place, but the operations have been limited. There
is very little doing in any department, and the
brokers generally complain of the few commissions
they receive. Consols have been 96, 97 for money,
and 97 97j for account, but they are now about
97 for both. The March Exchequer Bills are 375.
premium ; and the June Small ditto, 375. to 41s.
premium. India Bonds are 30s. premium.
In the Foreign Stock Market a fair amount of
business has been transacted, and prices have fluc-
tuated to a moderate extent. Turkish 6 per Cents.
are 1011 to 102} ; Ditto 4 per Cents., 104 ; Bra-
zilian 5 per Cents., 1031 ; Buenos Ayres Deferred,
17 ; Mexican 3 per Cents., 20k ; Peruvian 4k per
Cents., 81 ; Russian 4k per Cents., 100 ; Spanish
3 per Cents., 44i ; ditto Deferred, 26g ; ditto Cer-
tificates, 4i 5 ; Belgian 4i per Cents.. 1001 ; and
Dutch 2i per Cents., 651 4.
The following are the nominal prices of Foreign
Stocks:—Grenada Deferred Bonds, 51 64; Mexican,
20 20/ ; Peruvian 4i per Cents., 81 82 ; ditio 3 per
Cents., 56 57; Portuguese 3 per Cents., 45 46 ;
Russian 5 per Cents., 109 111 ; ditto 41 per Cents.,
99 101 ; Spanish 3 per Cents, 44 441 ; ditto New
Deferred, 261 I.
The last week's railway receipts, ascertained up
to this day, are in round figures as under
1858.
Great Western
North-Western
South-Western
Lighten 9,181
Midland
South:Eastern 13,255
Great Northern
Lancashire and Yorkshire 18,404
Aristol and Exeter 5,247
/last Lancashire 4,891
Lancaster and Carlisle
Manchester, Sheffield, Ss Lincoln 7,854
North Stafford
Oxford, Worcester, and Wolver, 3,765
West Hartlepool 2,547
Edinburgh and Glasgow
Glasgow and Sou h-Western
13euttish North-Eastern 3,475
Grand Trunk of Canada
Great Western of Canada 7,472
Northern of France

1857.
£24,450
56,618
12,673
10,622
29,079
14,484
21,394
21,463
5,772
6,108
5,548
9,033
7,026
3,907
2,800
5,429
6,294
3,440
9,366
9,984
37,461

In the Railway share Market this morning a
Very limited business has been transacted, and
owing to the unfavourable traffic returns of most
of the principal lines, prices have been depressed.
Eastern Counties, Great Western, and North-
-Western, have receded ss. ; Caledonian, Lanca-
shire and Yorkshire, and Midland, 10s. ; and North
Eastern (Berwick), and North Eastern (York), 11.
South Wales improved about 11. The Foreign and
Colonial undertakings have been rather quiet, but
at a slight improvement on yesterday's prices. Paris
ituld Lyons have advanced ss. ; Great Luxembourg,
64. ; Pernambuco declined ss. ; Great Western of
Canada improved ss. ; Grand Trunk of Canada,
10s. ; Great Indian Peninsula and Scinde were
dealt in at former quotations.
Mines, Banks, and Miscellaneous Shares have

exhibited very little animation. Bank of Egypt
declined 10s. ; Oriental Bank, 10s. ; and London
and Westminster about ss.

REFINISH FUNDS TIES DAY AT ONE O'CLOCK,
(.From the Official Lutz)
Ensinees done.
3 per Cent. Consols Annuities
LidiA Ronde. 81000
Ditto. under 21on0 3O p
Dank Stock for Account
Consols for Account -

i-
EscAsquer Bills, 20. March. June.
E.LOOU .
lasoo 37 41 141
8 nail

PRICKS OF FOREIGN FUNDS AT ONE O'CLOCK.
Brannan 5 per Cent.
Buenos Ayres Bonds, 5 per Cent. —
DittO Deferred, 3 per Cent.
Iterican 3 per Cent —
K OittO Accottut 2oi
Peruvian Bonds, 4i per Cent .. ............ -
A Oiirto Account
RusAian Bonds, 1822, t St., .' per Cent —
Ditto, 4, per Cent.
SD tish Boxds, 3 per Cent. -
Ditto Account
tDitto New Deferred, 3 per Cent.
_ Ditto Account . ..

tp nigh Committee Cart. of Coup. not fun. 4i 5
Tarkiell Bonds, 6 per cent —

Ditto ..Lcount lO2
Ditto Guaranteed, 4 per Cent.
Ditto Account,
Divlands on the above payable in London.
Belgian 4i per Cent., ex. 25 francs
Natoli Ezenange, 24 per Cent, 12 Guilders 6 fi
TWO O'CLOCK.
Consols, money 97
Mato, Account

MARRIAGE AT THE MANSION- HOUSE. --Miss Ada
Blanche Carden, third daughter of the Lord Mayor, was
yestetday married to Mr. Frederick Brodie. At the
Conclusion of the ceremony, which was performed at St
Mary Woolnoth Criurch, Lombard-street, the Lord
tlfayor and Lady Mayoress gave an elegant repast in the
lone parlour of the Mansion .house to a large number of
their relatives and private friends.
LIVERPOOL, March 17..—The screw steamship City of
Baltimore, Captain Leitch, belonging to the Liverpool,
New York, and Philadelphia Steamship Company, sailed
Itence• to-day for New York with a large cargo and a
eunsieerable number of passengers. On Saturday nest
the Cunard steamship Persia will leave this port with
tails, cargo, and passengers for New York.
MR. BASS, M.P.—Mr. M. T. 13898 met with a severe
accident whilst hunting with Mr. Meynell legratn'e
hounds, at Kedleston, on Tuesday. Very soon after
he hounds had thrown off, Mr. Basss bores, in taking a
!ow fence, leaped upon some boggy gr,und, and in clear-
I4Z himself threw his rider and galloped over him. Mr.
Baste received several bruises and was a good deal shaken;
lie wee] also struck in the face by the horse. Laid Scars-
dale immediately despatched a messenger t ? Derby for
Gisborne to meet Mr. Bass at the King'.. Head,
whither he was conveyed in his lordship's carriage. Mr.
Bass was able to go to his r. sidence, Byrkley Lodge, in
Val afternoon.—Derby Mercury..
WO read in the Nouvelli.ite of MarAilles, of the
.13th
• General d'Orgoni leaves this evening for Paris. His
:°iourn at Marseilles will not have been without advan-
Ile to our commercial relations with the Birman empire.
We believe we can state that a contract has just been
between the Emperor of the Birman', rcpresent!d
,9 General d'Orgoni, and two of the first houses in
141areeilles, in virtue of which great commercial opera-
tions will be carried on in .Burinah. Ills fact appears
to us of greater importance for France, and one of even
,'!▪ 3repositive and practical interest, than the commercial
treaties concluded with Persia and Siam."