The Sun.
London, England, 1858-04-07 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Accounts from Liverpool report that the cotton
market yesterday closed steadily, and prices of
American were id. per lb. dearer ; but in all other
descriptions there was little or no alteration. The
sales amounted to 15,000 bales, 3,000 of which
were taken for export, and 2,000 on speculation.
In the railway share market there was rather more
animation, and values tended upwards.
In a few days the April dividends will be paid
- to the public, and this will neutralize the influence
which maybe producadby the subscription of nearly
a million sterling on account of the Indian loan,
20 per cent, of the five millions being due to-
morrow. The commercial demand still remains very
quiet, and borrowers find ample facilities for ob-
taining what they require on easy terms. Two
and a-half per cent. may be taken as the current
minimum outof dons, and looking at the extensive
supplies it is argued, and with some reason, that
trade must undergo a considerable revival
before there will be such a diversion of
capital as to force the Threadneedle-street
quotation to a higher point. The India❑
Loan has now become a subject of secondary con-
sideration, attention being now more particularly
devoted to the forthcoming budget. Most parties
are now prepared to look for a larger deficiency for
the next financial year than was at first anti-
cipated, and an impression is gaining ground that
it will b 3 made good by a loan, probably to the
amount of six millions. The alternative of in-
creasing the income-tax is now considered very
Improbable, and there can be no doubt that such a
step, if taken, Would arouse a hostile feeling to
the present Ministry, amongst all classes of the
community. We are, therefore, glad to see that
the " Property and Income-tax Association" are
already on the alert to resist to the utmost an in-
crease of that objectionable impost.
The annual meeting of the governor and company
of copper mines in England was held this day. The
report stated that the balance of profits available
for dividend was 25,8341. 93 4d., out of which the
c3urt of directors recommended the payment of a
dividend of 71- per cent. on the preference shares,
and one per cent. per annum on the stock of the
company, one half payable on the 27th instant, and
the other half on the 27th October next. The re-
Port was agreed to.

The Copenhagen has arrived from Melbourne
With 191,2441. in specie. Large consignments are
en route, but the yield of gold in the colony is re-
ported to be blow the average.
The market for English securities has been
,rather variable to-day, but the movement has been
limited to per cent. The quotations are chiefly
under the influence of the settlement which is pro-
ceeding favourably, and the attention of the brokers
,and dealers is chiefly directed to the necessary
(arrangements. Consols have been 961 4 for money,
and 9614 for May. The New 3 per Cents. are 95/ 4,
and the Reduced 951 The India Loan is quoted
98i and the Bonds, 16s. to 20s. prem. Bank
Stock is 220 to 221. ; Exchequer Bills are marked
378. prem.
Foreign 'Securities are in moderate request, at
about previous values. Turkish 6 per Cents. are
1004 ; do. 4 per Cents., 103 ; Peruvian 41 per
Cents., 814 ; do. 3 per Cents., 56i ; Spanish New
Deferred, 26i # ; Venezuela 41 per Cents., 32i ;
;Buenos Ayres 6 per Cents., 78 ; Clidian 6 per
Cents., 104; French 3 por Cents., 69f. ; and Dutch
'2i per Cents., 65g.
The following are the nominal prices of Foreign
Eitocks:—Grenada. Deferred Bonds, 51 6 ; Mexi-
Can, 19/ 20 ; Peruvian 4i per Cuts., 814 824 ;
ditto 3 per Cents., 55 56 ; Portugese 3 per Cents.,
5 46 ; ditto 41 per Cents., 99 101 ; Spanish 3
, Per Cents., 434 44 ; ditto Deferred, 261 1.
. About an average amount of business has been
transacted to-day in the Railway Share Market,
but prices have varied to the extent of about I to
per cent. Great Western, Lancashire and York-
shire, South Western, and North Eastern (Ber-
wick) improved ss. ; East Lancashire, Midland,
North British, and South Eastern, 10s. ; Eastern
, Counties and North Eastern (York) declined 55.;
and Edinburgh and Glasgow and Great Northern,
103. The Foreign and Colonial lines are very quiet,
and there is little variation to report in values.
Dutch Rhenish, Sambre and Meuse, and Great
Luxembourg, are at previous quotations. East
Indian have declined 10s. ; and Grand Trunk of
Canada, improved 10s.
joint-Stock Bank and Miscellaneous Shares are
inactive but at rather firmer rates. London Char-
, tered of Australia have advanced ss. ; London
joint Stock, ss. ; and Royal Mail Steam, it.

iItITISH FUNDS.—CLOSING PRICES—THIS DAY.
(Prom the Offiesal Lists)
131eilt Stock Business done.
Eir ..ezit. Reduced Annuli.lab
20
Na# i 4
p per
Cent. Console Annuities 96i #v ' per Cent. Annuities
i
ON mo
Ia , Honda .£lOOO
9-It e A
`)ltto, tinier 210(10 •••• •
pl 6 p
iq rw. ,Co
India Stock for Account 222
Exchequer Bills, 20. March. June.
6600
35 p 1
37 I 37 5 p
gmar
...,...„ ...... .... .... 131 7
~_ PRICES OF FOREIGN FUNDS—THIS DAY.
kir4t:nan 5 per Cont.
Do., 1829 and 1839, 5 per Cent lOO4
Ditto, 1843101
'kenos Ayres Bonds, 6 per Cent. --
Ditto Account
Chilian Bonds, 6 per Cent lO4
Pernviao Bonds, 46 per Cent
to
Thtto Account
Dit3 per Cent.
Ditto A ccount
Ditto Account 4si
%vanish Beads, 3 per Cent.
Ditto New Deferred, 3 per Ceti%
Ditto Account
inrki‘h Bonds 6 par cent
Ditto Guaranteed, I per Cent.
Ditto Account 1
Venezuela Bonds 4
, 41 per Cent
103
Ditto Account 324 i
Ditto Deferred 2 per Cent 13
I nvldends on th, shove payable to London.
French Rentes, 44 per Cent.
, Do. 3 per Cent.. ex. 25 francs
Lint ell Exchge, 21 per Cen.;., 12 Guilders 65 /
. ,
ft &ABB O'CLOCK.
99$ A
9Cd A

Consols, money .....
Consols for Amount, (April 8)

GERMAN COLONISTS FOR TEIE CAPE.

It may not be generally known in England that
for some time past negotiations have been going
on between the British Government and those of
several states in the north of Germany, for turning
the tide of German emigration to the English colo-
nies, and more particularly to Australia and the
Cape of Good Hope, it being considered that a more
eoteprehensive and systematic introduction of the
German element there would be attended with
great advantages on both sides. The indefatigable
Major-General Baron von Stutterheim, whose late
return from the
,Cape was duly chronicled at the
time, but which was wrongly coupled with the
potion that his object was t o reorganise and increase
the British German Legion for active service iu
India, is the person selected for opening and carry-
ing on these negotiations, which have been favour-
ably received by the Governments on this side of
the water. It is intended in the first instance to
send 6,000 German emigrants to the Cape, and as
many to Australia, and the conditions offered as an
inducement are highly favourable for the intended
colonists, who are to have witisted (and, in case of
need, free) passages, a free grant of land, and a
BUM of money advanced sufficient to purchase the
needful farming implements and stock. Hamburg
it selected as the port of departure, and General
Stutterlisim is at this moment here, having Come
to make the necessary arrangements with the emi-
grant agents in this city for chartering vessels to
sail in succession at stated
intervals all through the
urnraer.

Trn
PRINCESS FREDERICK WILLIAIL—A lager 4 ,
from
Berlin of the Ist, in the Nord of BrosseP, says :
,
some time past the ladies of this capital have been in the
41)4 of assemblirig about noon in the all.ya of the Thier-
gar!en, where the Princess Frederick William has been in
the habit of taking her rides on horseback. For come days
Past the ladies have been doomed to disappoint-
ment, as the equestrian exercises of the illustrious
hki_oynulaziro beell iLittadieted Ly ph),Liar,
,e_ months,to come. Soon after Easter the Prince
4nea Princes, Frederick William will pay visits to the
•
Courts of 'Dessau Weimar,Gotha, &c. In May, the
9f
at th_7 Prussia wilt go to Carlesruhe to be present
of B:,,,o3n,finement of her daughter, the Grand Duchess