The Sun.
London, England, 1858-04-08 00:00:00

ONEY. MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
In the Liverpool cotton market yesterday a very
firm appearance was manifested, and prices of all
descriptions tended upwards. The sales were esti-
mated at from 12,000 to 15,000 bales, 2,000 of
which were taken by the speculators, and 1,000
by the exporters. The railway share market closed
steadily, and quotations were without any mate-
rial alteration.
About 12,0001. in Australian gold was taken
into the Bank yesterday. It is expected that
the greater portion of the gold brought by the
Copenhagen will he taken for the continent.
Business in the silver market is restricted, and
bars are quoted ss. Id. per oz. standard.
Owing to the payment of the 1,000,0001. due
to day upon the Indian loan, there has been an
increased demand for discount accommodation in
Lombard-street and also at the Bank. Th's addi-
tional inquiry, however, is merely temporary, for
in the existing state of the market, the subscription
of a million sterling cannot exert much influence,
especially as the money will almost immediately
be distributed, in liquidation of the Company's
engagements. The whole amount of 5,000,000/.
will after all be merely a transfer from one class to
another, as the loan will only be sufficient
to enable the directors to meet their payments
as they fall due. The distribution of the
dividends to the public commences to-day, and
this will assist to increase the supply of money in
the open market, and partially counteract the
effect of the Indian Loan subscription. No alter-
ation has taken place in the current rates, despite
the increased applications of money, and really
good bills are in request at 21 per cent. Many
persons still retain the impression that the mini •
mum will be reduced eventually to 21 per cent ,
but this opinion is not general, nor, so far as can
las judged at present, is it likely to prove correct.
Some doubt is expressed whether the whole of
the call on the Indian Loan will be subscribed very
readily, as some of those who offered 99 will be lo'h
to give it when the Bonds are 981 1. If this im-
pre.ssion should be verified, however, the difficulty
will be only temporary, for the securities are getting
popular, and are likely to attain a still more satis-
factory premium.
For some days past the embarrassments of an ex-
tensive brewing establishment have been the sub-
ject of general conversation, more especially
amongst the trade. It appears, however, that the
private property of one of the partners
is very considerable, and, if disposed of, which
will no doubt be the case within a short period, the
creditors will ultimately receive the full amou ;t of
their claims, and this eminent firm will be enabled to continue their business. This event has caused
deep regret, as it was least expected, and seeing the
numbers of people dependent o n the establishment,
it will be a source of satisfaction to the public to
hear of arrangealents being made which will enable '
the firm to surmount their difficulties.
The funds remain heavy at about the closing
prices of yesterday. Business is very dull, and a
few operations seem to have a marked effect. There
is no disposition to operate for a fall, and those
who entertain a favourab!e opinion of affairs are
afraid to buy, owing to the flatness at Paris, the
Budget, and the possibility of a loan.
Consols have been 961 t, and 96a for
money; for account they are marked 961 b.
They are now 96 and 96g / respectively, being
firmer. The New 3 per Cents. are 96A ; the
Reduced 95i ; and India Loan Debentures,
India Bonds are 20s. to 225. prem. ; and
the June Exchequer Bills, 355. to 395. prem.
The transactions recorded in the Foreign Stock
Market are not very numerous, and prices have
nearly all declined. Turkish 6 per Cents. are 100
to 1001 ; and the 4 per Cents., 104 ; Venezuela 41
per Cents. are 311 ; Dutch 2i per Cents., 65i ;
Peruvian 41 per Cents., 811 ; Portuguese 3er
Cents., 45g. ; Buenos Aires 6 per Cents. p
, 77iF Chilean 6 per Cents., 1021 ; Ditto 3 per Cents.,
72 ; and Spanish Passive, 7.
Stoc
The following are the nominal prices of Foreign
ks :—Grenada Deferred Bonds, 51 G ; Mexi-
can, 19/ 20 ; Peruvian 41 per Cents., 811 821 ; I
ditto 3 per Cents., 551561; Portuguese 3 per Cents.,
45 46 ; Russian 5 per Cents., 109 111 ; ditto 41
Per Cents., 99 101 ; Spanish 3 per Cents., 43i- 44;
ditto Deferred, 2t I.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1858. 1857.
£27,322 £25,992
Great Western
54,040 59,019
North-Western
booth. Western
14,550 13,790
Brighton
Midland
Sauth-Eastern . 30.315 30,19017,
Great Northern
21,793 2,748 151.9162
24,063 21,898
Lancashire and Yorkshire
22 Bristol and Exeter
5, Manchester, Sheffield, & Lincoln 9,768 5,966
North-Eastern 525 9,214..................
North Stafford
WOxford, Worcester, and Wolver B9O
est Hartlepool..-,,, 3, 3,017 3, 3,0841
26
and
Edinburgh and Glasgow n
. 5,362 5,299
Glasgo Sou h-Wester.....• Grand Trunk of Canada
25
Great Western of Canada 8,79206 10,2 10,5297
Northern of France
A very limited amount of business has been dune
to-day in the Railway Share Market, and a fur,her
decline of about 4 to -A per cent. has taken place in
prices. Eastern Counties, Great Western, and
Midland declined ss.
I3ritish ; Caledonian and North
, las. ; and North Eastern (Berwick), and
South Eastern los. to 15s. North Eastern (York)
have improved ss.
The Foreign and Colonial lines are inactive, and
show very little variation from previous rat?e.
Lombardo-Venetian have receded 55., and Great
Indian Peninsula improved about ss.
No business of any importance was reported in
either Mines, Banks, or Miscellaneous Shares.
tnion of Australia have declined about 55.; General
Steam advanced ss.

•
rIici,ITISH FUNDS THIS DAY AT ONE ,YeLot;h.
(Irma the Official List:l
Per Cont. Reduced Annuities Pushiess dome
............... 4
per Cent. Consols Annuities ............... 96 t
llndia ie,v per Cent. Annuities .................. 95}
L0an......................................
.tat",o
.... 22 20 p
')itto, under 1:1000 ... .
Colsols for Acconni (Hay 6th), ........1 2p 6
3
-560
Exchequer Bills, 2ao. March. June.
-- Snail I 35.
IItiCES OF FOREIGN FINDS AT ONE O'CLOCK,
tuenos Ayres Bonds, 6 per Cent.
Ditto 3 per Cent.
I'eraviHn Bonds 72
, 4i per Cent .. . ....
Ditto Account
Portug,uese Bonds 811
, 3 per Cent., 1853
SnsDitto o.i0) 3 per
Passive
7
Turkish ;oncis, colt
...
Cent. .
104-
Ditto Account .
Venezuela. Bonds, 4 per Cent .. 104
- Ditto •

Account, -
1
Dividends on the above payable in London.
Dutch Ezetiange. 2A per 12 Guilders 6.51
'TWO O'CLO( K.
V6a A
.96g

Console,
money ......
Ditto, Account
..............

GREAT TURKISH FRIGATE.--The Tnrkish Admiral is
expected to return to this city Tuesday, when be
Will undoubtedly proceed at once to reogoeiate wire t New York shipbuilder for the conetruction of the great
Ottoman frigate. The Admiral wan desirous that the
-United States government should take the contract pro-
bably under the impression that he would
a g:ivtaatebetotenr
bargain from the Government than from
tractor. This idea was perfectly natural toP one not
ac-
customed to our ,‘ institutions," and yet everybody at
all familiar with them knows it to he entirely fallacicos.
Private enterprise takes the lead in this country—and
admiral can get his job done cheaper, better, theand
quicker by any competent shipbuilder,
than the
Government could possibly do it—even ifthe
would consent to take the contract, which rf course
it would not.—New York Journal of Commerce.
latter
MAELSTROM OFF THE COAST OF FLORIDA.—The
h brig
from Nassau, N.P., reports that on the 16th inst., when
abont four miles from the Hole-in-the-wail, the wind
blowing a three-knot breeze at the time, she got into a
Whirl which turned the vessel round in 35 seconds,
"a kept turning her, sometimes halfway and back and
F,;?oletinies all the way round for two hours and a quarter.
-the.bretzs then became stronger, and she succeeded in
gett'ug out of the 'whirlpool without receiving any
Illage.---.fflew York Journal of 00171MCICe,