The Sun.
London, England, 1858-05-27 00:00:00

MONEY MARKET

AND

COTIIIVIERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday closed
heavily, and prices tended downwards. The sales
were estimated at 4,000 bales. In Railway Shares
there was more firmness.

The imports of cotton into the United Kingdom,
during the first four months of the last three years,
have been as follows :

1856. 1857. 1858.
Cwts. Cwts. Cwts.
From United States 2,081,737 2,279,967 2,247,700
„ Brazil 43,745 103,566 51,320
~ Egypt .
„ British East Indies 171,781 434,706 235,157
„ Other Cauntries 8,017 8,842 47,805
•

T0ta1........ 2,366,052 2,883,918 2,642,155
There is some expectation of a renewed drain of
silver to the East, although the exchanges in India
and China continue comparatively low. Some
heavy insurances, it appears, have been effected,
but neither the late remittances nor the demand

for or price of silver indicate the probability of
increased consignment. The supplies of this metal
from Mexico alone are almost sufficient to provide
for the present scale of exportation, and for some
weeks the purchases on the Continent have been
very limited ; but in the event of th© efflux be-
coming larger, it will be followed by augmented
shipments of gold to France or Belgium, in order
to obtain the required quantity.
The specie movement in France, this year, has
been rather active. During the four months,
ending the 31st ult., the imports of silver were
equal to 53,868,280 francs, and of gold to
199,389,300 francs, making a total of 253,257,580
francs. The exports were 72,668,680 francs in
silver, and 26,248,800 francs in gold.
Owing to the immense number of applications
for allotments of the new Brazilian Loan, there has
been rather more inquiry for money. It is ex-
pected that the aggregate amount asked for is far
beyond the capital of the loan, and as 10 per cent.
deposit has accompanied the application, some in-
fluence has been create& in the demand for accom-
modation. There can be no doubt of the success of
the operation, and if the sum required had been
3,000,0001., instead of 1,500,0001., the credit of
Brazil stands so well throughout Europe, that it
would have been readily obtained.

To-day the annual meeting of the lonian Bank
took place ; 0. Farrar, Esq., in the chair. It ap-
peared that through untimely rains falling on the
not yet secured fruit, destroying a great part, and
seriously damaging the rest, the profits had been
reduced. This was followed by the commercial
crisis, which led to a run at the banks at Zante
and Cephalonia, but it was satisfactorily met. The
result of the year was as follows :

Old balance
Net profits for 1857

£9,491 9 4
8,56.1 10 4

---
Together £18,033 19 8
Deduct two half-yearly dividends of 5 per
cent.

7,500 0 0

Leaving to the credit of profit and loss on
Ist January, 1858 £1.0,553 19 8
The report was adopted.
Very little alteration can be noticed in the Eng-
lish Stock Market to-day, but the tendency is more
favourable, although no positive improvement has
taken placa. The transactions are still very limited
and until the account is settled, speculation will
no doubt continue dull. Consols have been 97i 98
for money, and the 3d prox., and 98A- for July.
The New Threes are 968 ; the Reduced, 96*4 ;
India Debentures, 991 ; Exchequer Bills, 335. to
36s prem. ; and India Bonds, 235. to 245. prom.
Bank Stock was flatter, being 219 to 2211.
About 100.0001. Consols have been purchased
this morning on account of the Scotch banks.
In the Foreign Stock Market business is mode-
rately active, but the variation in prices is not
important. Turkish 6 per Cents. are 96i to 97 ;
ditto 4 per Cents., 104 ; Brazilian 5 per Cents.
102.1 ; ditto 4!1 per Cents., 100 i 1011 ; Mexican
3 per Cents., 20i ; Peruvian 3 per Cents., 651 ;
ditto Dollar Bonds, 671 ; Portuguese 3 per Cents,,
461 ; RUs.sian 4/ per Cents., 102 ; Spanish 3 per
Cents., 44,t ; ditto Deferred, 271 ; ditto Certifi-
cates, 4, ; and ditto Passive, 7.
Brazilian Loan is / to 11 prem.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1888. 1857.
Great Western £33,212 £29,607
North-Western
South-Western
Brighton 20,795 13,047
Midland
South-Eastern 18,147 17,439
Great Northern 21,704 21,594
Lancashire and Yorkshire 23,601 23,633
Bristol and Exeter 6,189 6,165
East Lancashire 6,274 6,609
Manchester, Sheffield, & Lincoln 10,347 10,015
North• Eastern
Oxford, Worcester, and Wolver.... 4,492 4,142
North London
West Hartlepool 3,635 3,717
Edinburgh and Glasgow . . 5,563 5,846
Glasgow and Sou' h-Western
Great North of Scotland 1,487 1,392
Grand Trunk of Canada
Great Western of Canada 9,165 11,367
Northern of France
In the Railway Share Market this morning the
transactions were of a very circumscribed charac-
ter, and in one or two of the leading
lines a slight
downward tendency was visible Owing to the some-
what unfavourable traffic returns. Caledonians,
South-Westerns, and Midlands declined ss. ; Lanca-
shire and Yorkshire improved 55.; North-Eastern
(Berwick), 10s. ; Eastern Counticr, 151 ; and
Scottish Central, V. In the other line 3 dealt in
there was little variation to report. The Foreign
and Colonial lines generally are steady. Northern
of France were a shade flatter. Great Indian Pe-
ninsula declined about 55., and Great Western
of Canada ss, East Indian were at yesterday's
quotations.

Mine?, Banks, and Miscellaneous shares have
been very inactive. Agra and United Service Bank
and London and Westminster were at previous
values ; Union of Australia improved ss. ; Aus-
tralian Agricultural declined ss. ; Peninsular and
Oriental Steam improved ss.

BRITISH FUNDS.—CLOSING PRICES—THIS DAY.
(Prom the Official List:)
Bank Stock 2211 20 19
3 Poducao Annuities 963
3 ocr Cent. C'cusols Annuities 971 -3: 8 71 8
New per Cont. A nuuttimi
Long Annuities (Exp. sth Jan., 1860) —
Ditto 30 Years, expire sth Jan., 1880 14}
II Dittodd
India
e Loan labiseiaonoeitootitxuopr.
.ier. sth April, 1885 , 18
991
Ditto Scrip
99d
Consols6suliil4:ifeourrall,iikelleceet.
24
97i 8
•
March. June.
1:1000 ........... .................. 36 53 I *.60 ................................. 36 53 I Srp.l.ll - ................ 36 -6 3I
13d
Ditto Advertised ...............20 18 22 17 I
Exchequer tsouda, 1,558, 34 per Cent....
Ditto, 1'359
101}
PRICES OF FOREIGN FUNDS—THIS DAY.
Austrian 5 per Cent. Bonds
ritl: Hall 0 per Cent.
Ditto 1852, 43 per Cent
iiucnos A yres Bonds, 6 per Cent.
'itt.o Account
824 33
Ditto Deferred
184
Moxican 3 per cent 203
Peruvian Bonds, 41 per Cent......,.,
Ditto Account
Ditto 3 per Cent.
Ditto Small
PJrtugueso Bonds, 3 per Cent., 1853
flusnian 1;oods, 1/522, St., 5 per Cont ll2
Ditto, 43 per Cent. lO2
Sardinian 5 per Cent. . .........
Ditto Account •
•1;;5h 5.11.:(1FL, 3 per ,Jent. • 413
Ditto New Deferred, 3 per Cent.
Ditto Account
Ditt, Passive 7
TSpaaniistlil
i;o
Ccmriine: 6
tLcievCr centert.of Coup. not fun.
43
rk
iDiltttto,, c
oGuaranteed,cotinto4 4 per Cont. Cent. - -
nozucla Bonds, 44 per Cent
Dividends on the above payable in London.
Dutch Excl,ange, 23 per Cen;;., 12 Guilders
Do. 4 per (lent. Certificates
reruvian Dollar Bonds, 4i per Cent. 673
!t 11E11 O'CI OCK.
Consols, money t 7 8
Consols account (Junel 3)
•

Two thousand more persons travelled on the South-
Western line to Hampton Court and other places of
amuEement near London, on Whit-Monday, tl.an on
Wnit-Monday last year,