The Sun.
London, England, 1858-06-03 00:00:00

MONEY MARKET

AND

COIVIMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Letters from Liverpool mention that the Cotton
Market yesterday presented a heavy appearance,
and prices of all descriptions tended downwards.
The sales amounted to 6,000 bales, 500 of which
were taken by the speculators, and 300 by the
"Porters. In the Railway Share Market a fair
amount of business was transacted, at fully former
values.

The suspension of Messrs, Rawson, Sons, and
Co,, engaged in the East India trade, has caused
Intuit regret, but it is satisfactory to know that the
assets will probably suffice to meet all the liabilities,
roughly estimated at 700,0001., and leave a sur-
plus to enable the firm to continue business. De-
preciation in the value of produce, rice especially,
of Which they were large holders, and an absence
of remittances are the causes assigned for this un-
fortunate event. It does not appear to have been
altogether unexpected, but so large a failure bas
necessarily produced a sensation in commercial
circles.

The bills which arrive at maturity to-morrow
the "fourth" of the month, are not supposed to Le
very heavy, and the provision that has been made
his created little additional inquiry for discount
a-406mmodation ; the market, in fact, has been
Acarcely influenced to the extent of ± per cent. by
loan instalment and other payments which have
been lately made, and owing to the excessive
supply of capital available for commercial purposes,
it i 5 imagined that the terms will continue for some
time longer a fraction lower than the present
Minimum.

There were no operations in bullion of import-
ance at the Bank of England yesterday.
The • remittances by the steamer Indus, which
leaves for Southampton to-morrow for the East, ara
as follows

Alexandria. £1,250 0 0
Mauritius (sovereigns) 9OO 0 0
Ceylon (sovereigns)
Madras (sovereigns) 602 0 0
Calcutta (sovereigns)
Calcutta (silver) 96,805 0 0
Penang (dollars)
- 'Rong Kong (silver) 33,580 0 0
Shanghai (silver)

Total £155,102 0 0

The Bank directors at their meeting to-day, as
1145 anticipated, made no alteration in the terms
of discount.

The market for English Securities, which opened
Other steadily, has suddenly become depressed,
TWg to sales in connection with the settlement.
imarket is evidently very unsteady, and
1 receipt of lower prices from the
Paris Bourse seems to have increased its
heaviness. The decline has been to per cent.
(liter the liquidation is over, the speculative ten-
buaq of the operations will be better ascertained ;
it appears that a large amount of stock has
den carried over. Consols for money have been
1i i and Ka They are now 971 g, and 971
'l,.°l' the July account, being much flatter. The
NOW 3 per Cents. are 9G. ; the Reduced, 96i ;
and the New 2i per Cents., K. The March Ex-
Vlequer Bills are 30s. to 355. prem. ; the Bonds,
4.°4 and India Debentures, 99k.
• In the Foreign Stock Market there is scarcely
4,qthing doing, and prices for the most part con.-
"nue nominally steady. Turkish 6 per Cents. are.
40P? 951 96 ; Portuguese 3 per Cents. remained
liteady at 46i ; Spanish 3 per Cents. improved to
; and Belgian 2i per Cents. to 58. The Bra-
*than Loan is to prem.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1868. 1857.
Great Western. £30,029 £34,658
North-Western
outh-Western
frighten 15,872 22,681
kidland
South-Eastern
Great Northern -
26,782 21,874
ttueaahire and Yorkshire 30,113 24,373
ul,ouaster, and Carlisle
ir uchester, Sheffield, & Lincoln 13,039 10,874
o°llll-Eastern
36 444 38,866
vit.l:o.rd, Worcester, and Wolver.... 4,921 4,353
14" Hartlepool 3,535 3,226
"wrhur 13 and Glasgow ...... -...- 5,616 5,837
Glasgowg
k_
.. and South-Western
Northern
North-Eastern 3,613 3,588
gorthern of France .. 36 990 39,327
Grand Trunk of Canada
"Treat Western of Canada... 8,634 11.492
, Moderate business has been reported in the
Railway Share Market, but most of the leading
lines show a further slight decline. Eastern Coun-
ties)lt North-Eastern (York), and South-Eastern,
receded ss. ; South Western, 103. ; Caledonian,
;great Northern, Lancashire and Yorkshire,
tilid Brighton, 15s. ; and Great Western, 1/. In
tuePoreign and Colonial undertakings scarcely any
ttlainess has been done. Northern of France and
Pernambuco realise former quotations ; Great
Zeatern of Canada have improved about 55.; and
448 t Indian have declined about 10s.
Mining Shares are neglected. Great Wheal
Alfred realise 5/ ; and Bon Accord Copper, I±.
aoint-Stock Bank and Miscellaneous Shares are
!lightly reduced quotations. Bank of Australasia
declined 103. ; Oriental Bank, ss. ; and London
"floral Omnibus Company, ss.

IitITISH FONDS THIS DAY AT ONE o'ol OCK.
311.411 k Stook (From the Of oat List:)
2192
a 14r Cent. Reduced Annuities 96i g .
Neer Cent. Console Annuities 9Tatio!Z
Nee:43,1,4r Cent. Annuities
iv"; `3, Per Cent. Annuities Bl
lettzsaa, Litoottund,exbeionutoures 991
19 21
Ft QIB for Account, July 8 97,1
uh.„ - - -

-
4111er Bills, 20. March. June.
131000 . 3O 5 I
••• •••
'4500 . ..... 35 6 i
, bitto Advertisedl7 13 19 , I
.i.%, rehequer Bonds, iosB, 34 per Cent.—
'Attn. 1159
l'il in
AS OF FOREIGN FUNDS AT ONE O'CLOCK.
a-srt'ignese Bonds, 3 per Cent., 1853
451
41bh Boutin, 3 per Cont.
b Dividends on the above payable in London.
t,
%lan 23 per Cent., ex. 25 francs

Consols, money
Consols for account

TWO O'CLOCK.
g
97

CRETAIx RETURN OP SIR EDWARD B. LYTTON.—
igitherto not one of the Ministers has had the
shadow of an opposition on appealing each to his
teapective constituency. A formidable threat of a
~
alraerstonian candidate was held but till yes-
!erday in berrortm over the county of Herts. Yet,
! and behold ! now at the eleventh hour, upon the
/I'l7 eve of the vaunted victory—the terrible champion
°f4 thrice worsted opposition, bas prudently withdrawn
e°ol a defeat that was as inevitable as it would assuredly
have; proved ignominious—and the new Colonial Secre-
*tY will, we believe, consequently be at once returned,
not simply pro forma, but by acclamation.
Congresses have been fashionable of late years ;
materialists and "material pledges " have been dealt
licith Pretty liberally ; but we have as yet had no notice
Congress for securing the freedom of conscience fnr
en,the presidency of this coLference. Before statesmen
be one step in any direction, statistic or political, it
and We
them publicly to lay down this great principle ;
TZWe beg of France, 'the irst of civilised nations,' to
hat carried out. There is no half-way house to truth.
otT je the only promontory which has ever commanded
thienitnbroken prospect over the tide of time. From any-
g short of this, there is no prospect at all. The
tritllinlifs of the political heaven may play around its
13;414 be lllit,—the popular billows may thunder at its base ;
Pilgrim of Truth, and the mighty pedestal upon
glit:ea he stands, remain alike unscathed by the elemental
(A— and the red artillery of the skits.—The Dublin
Magazine.
111AVEL IN Maxico.—Central North America is one Re Palimpsest. Ruins of vast extent cover its interior.
to e Story of ancient cities, of proud palaces, of magnifi-
at:,t temples, of an azchtecture that is unique in its
1
h".,4. of sculpture, which in its execution equals any
ti '4ll that Greeca ever produced, but is, in its concep-
fast~ original, survives but in the fragrrentary,
ls,,lf4ding characters in which the lords of this lovely
v„-'
,once wrote the history of their civilisation. Who
k'e they I Whence came they ? What did they ?
Illivvers to each of these questions are to be found,
aZtless, in those numerous stony records covered with
mighteglyphic, to which a larger induction of examples
1. betray to us the key. Yet these records are fat,t
e1.61,,5h,i°13. Here are pages on which no learned eye has
'ooked. Tangled forest have covered whole vo-
. tro-,,°8 of such records. The rank luxuriance of the
prres sufficed, as Stephens tells us, to plant a thick
i,‘"th of trees—some of them 20 feet in height—on a
that one short year before bad been hid bare for
tiitrrktigation. How dense, then, is the shroud that
"aft •
flung over these remains of the lords of Mexico Univeroity Magazine.

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