The Sun.
London, England, 1858-04-20 00:00:00

MONEY MARKET

AND

COAIMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Letters from Liverpool state that the Cotton
Market closed with some animation, and, compared
with Friday's rates, American descriptions were
id. per lb. dearer, but all other kinds were un-
changed. The sales amounted to 12,000 bales ;
1,000 of which were taken for export, and 3,000 on
speculation. In the Railway Share Market a
further slight reduction took place, and the trans-
actions were not very numerous.

The demand for money has again slackened,
and the bast descriptions of commercial paper are
still as low as 2. per cent. There is a superabun-
dant supply, and now that it is decided, not to
raise a Government loan, the market is likely to
experience increased relief, many persons having
reserved their capital in expectation of some mea-
sure of the kind.

The specie operations at the Bank of England
yesterday were not of public interest, but in the
course of the week some important additions are
expected to be made to the stock of bullion.
A general feeling of satisfaction has been pro-
duced by the contents of the Budget. The de-
ficiency is smaller than was anticipated, and the
means for meeting it, as proposed by Mr. Dis-
raeli, are such as cannot give rise to the least ob-
jection. The equalisation of the spirit duties will
improve the revenue to the extent of half a
million, and will be beneficial to Ireland as well as
this country. The proposition for imposing a
penny stamp upon checks drawn upon bankers, is
an excellent suggestion, and will, no doubt, be
generally approved, a 9 it will not bear heavily
upon any olass of the community. The payment
of the Exchequer Bonds can also be deferred, with-
out any material difficulty ; and, in short, we are
merely echoing the opinion pretty generally ex-
pressed in City circles, when we say that Mr. Dis-
i raeli has acquitted himself in this business with
satisfaction to the great majority, and with credit
to himself.

The market for foreign and colonial produce,
during the Lsst few days, have been exceedingly
dull, and most of the leading staples, such as tea,
sugar, coffee, rice, and cocoa, have been at reduced
quotations. In tea no business of any importance
has been transacted. For sugar there was a very
limited inquiry, and in several instances rather
lower rates were accepted by holders. Coffee has
been'at steady rates, and rum ruled rather firmer.
For the middling qualities of saltpetre there has
been some inquiry,
and a few parcels have changed
bands at a slight improvement on previously cur-
rent rates. Tallow has been exceedingly firm, and
full values have been current. P.Y.C. is now
quoted, spot, 555. 6d. ; Juno, 555. ; July to Sept.,
525. 3d. to 525. 6d. ; and last three months, 525.
6d. per cwt.

This day the half-yearly meeting of the Sambre
and Meuse Railway Company has been held, Mr.
Richards in the chair. The report was favourable,
and showed the total receipts of the halt-year to be
31,4321. lls. 103., and the expenditure, 19,1811.
16s. 5d., leaving a balance of 12,2501. 15s. 5d., to
he contrasted with the balance on the corresponding
six months of the previous year, amounting to
9,9311. 3s. 9d. The nett profits of the half year
enabled the directors to declare a dividend of ls. 6d.
per share to the original shareholders after paying
all preference charges.
The discussion is still proceeding at the Pernam-
buco Railway Company's meeting at the London
Tavern, in respect to the charges brought against
the directors.

There is an improved market for public securi-
ties consequent upon the satisfaction produced by
the budget and the iuflux of specie. Some mode-
rate—real and speculative—purchases have been
made, which have occasioned an advance of about
per cent., but a little anxiety has been shown to
ascertain the course of prices on the Paris Bourse.
Cansols are marked 96a for transfer, and 96i
for the account. They are now 964 and 961
respectively. The New 3 per Cents. are
and the Reduced, 931 Exchequer Bills are
about 34g. to 3Gs. prem., and the Bonds, 1859,
1001. India Debenture Scrip is firmer, viz., 991
100. Bank Stock is 220 to 222, and India ditto
222.

Foreign Securities are steady, at about previous
rates. Turkish 6 per Cents. are 961 97 ; ditto 4
per Cents., 1041 ; Danish 5 per Cents., 1011 ;
Peruvian 41 per Cents., 814 ; Ditto 5 per Cents.,
86 ; Russian 45 per Cents., 101 ; Sardinian 5 per
Cents., 901911 ; Dutch 21 per cents., 654 ; Ditto
4 per Cents., 981 99 ; Venezuela 42 per Cents., 355
36; and Ditto Deferred, 141.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 51 6 ; Mexi-
can, 191 20 ; Peruvian 41 per Cents., 81 83 ; Do.
3 per Cents., 55 57 ; Portuguese 3 per Cents., 45
46 ; Russian 5 pir Cents.,
,109 111 ; Ditto 45 per
Cents., 99 101; Spanish 3 per Cents., 435 441.•
and Ditto Deferred, 24
The tratisictions in the Railway Share Market
to-day were very moderate, but in several of the
leading lines there was an improvement of about 1
to 1 per cent. Calceonian, Great Northern, Lan-
cashire and Yorkshire, and Midlands advanced ;
and North British and North Eastern Berwick,
10s. ; Eastern Counties, Great Western, and
North Western declined ss. In the Foreign and
Colonial lines prices have ruled rather firmer.
Paris and Lyons have advanced ss. ; and Per-
nambuco, 55.: Geelong and Melbourne, 55.; Great
Western cf Canada, 55.; Grand Trunk of Canada,
103. East Indian and one or two othgrs were at
steady rates. For Mines, Banks, and Miscellaneous
Shares there has been scarcely any inquiry, and
prices have not shown the slightest variation from
previous quotations.

BR HIS El FCT NDS. —CLOSING PRICES —THIS DAY.
( firom the Official Lists)
Ea v.: Stock ......... ...... ........ . 220 12
3 er vent. iteancao tongitios•••••• 9si
3 oer C,:nsols AT:nuities 96g t
New 3 per Cont. A
Long Annuities (Exp. sth Jan., 1860). 1 11-16
I Ai., stock
In,lia L.)an Debentures 991
Ditto Scrip
Co ,tbbi ter account .....
E :.triegre Bills, VA. Ilf%rch. June.
Rio c • — 36

3b j

Salt 3B 134
Exchequer Bonds, 1858, 34 per Cent.... WI
Ditto, 1159
PRICES OF FOREIGN FUNDS—THIS DAY.
Chilian Bonds, 6 per Cent.
Danish Bonds, 3 pei Cent., 1825 —
Ditto 5 per Cent lOl4
Greek Bonds 5/ -
Mxleau 3 per Cent ........ ....... .. •
Ditto Account
pd .; y in Bowls, 4i per Cent Bl/
Ditto 3 per Cent. -
Ditto Account 56
Rus6an Bonds, 1622, t; St., 5 par Cent —
Ditto, 43 per Cent. lOl
Sardinian Bon: s, 6 per Cant. . .........
Ditto Account ,
DIU° New Deferred, 3 per Cent.
in- tmli Solids, 3 per Cent. ...
.. .. —
26i
Turk ihb Bonds, 6 per cent 97i
Ditto Account,
Ditto Guaranteed. 4 par Cont.
VQncznela Bonds, 4i per Cent
l 'at° Account
Ditto (Mackintosh's) 1344 .. ..............
tnyltlends ou the above payable in Loudon..
Cute]) Ex.;; anise, 2i per Cen.`„, 12 Guilders 65i i
Do. 4 per Cent. Certificates
1 fittEß O'CLOCK.
Console, money
Console account (May 6) 96

THE UNITED SERVICE CLUB.—The dinner ti be given
by the •uewbers of the United Service Club lo hie Ex-
cellency Field-Marrhal Paissier, Duke of Nalakhoff,
will take place on Thursday n.xt, April 22, ata quarter
bebre 8 o'clock. Hit Royal Highness the Duke of
Catubr!dge will preside on the coca-ion.

Iltia EXCellency Earl Cowles, the British Ambassador
at the Court i f the Tuileries, accornpanisd by the
Countess Cowley,urrived in town yesterday from Paris.
The noble earl ercsied over from Calais to Dsver yester-
day afternoo: in the celebrated royal mail pasket Prince
Fltderi.k William, in ono hour and 30 uainu.es. Capt.
Luke SmitLett was in attez.dam on his Excellency on
ths special servico.
THE FIRE IN BLOOMSBURY.—The inquiti into the
circumstance attending this ca'amity was resumed this
morning, at the Fox public-house, Duke-street, Blooms-
bury. Mr. N4l on, the surveyor, producel his report
on the construction of the premises', but up to the time
of our going to prey no result had been arrivel at.