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

Da 0 N 71d
-A Y

Sri K 17. T

AN f
T
?.1 In fl 117171LL/GEN

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 12,000/. in Australian gold was taken
into the Bank yesterday. It is expected that
the greater portion of the gold brought by the
Copenhagen will be taken for the continent.

Business in the silver market is restricted, and
bars are quoted ss. 11d. per oz. standard.
Owing to the payment of the 1,000,0001. clue
to day upon the Indian loan, there has been an
increased demand for discount accommodation in
Lombard-street and also at the Bank. This 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 5,000,0001.
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 Loau 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 2i per cent. Many
persons still retain the imprelsion that the mini-
mum will be reduced eventually to 21 per cent ,
but this opinion is not general, nor, so far as can
be 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 loth
to give it when the Bonds are 981 If this im-
pression 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 su b
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 amomit 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 on the establishment,
it will be a source of satisfaction to the public to
hear of arrangements 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 favouralA opinion of affairs are
afraid to buy, owing to the flatness at Paris, the
Budget, and the possibility of a loan.
Consols have been 96k g, and 96g 4 for
money ; for account they are marked 961 a.
They are now 96g I and 96l / respectively, being
firmer. The New 3 per Cents. are 96k ; the
Reduced 954 g ; and India Loan Debentures,
98# • 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 24 per Cents., 65k ;
Peruvian 41 per Cents., 811 ; Portuguese 3 per
Cents., 45a 1 ; Buenos Ayres 6 per Cents., 77i ;
Chilian 6 per Cents., 102; ; Ditto 3 per Cents.,
72 ; and Spanish Passive, 7.
The following are the nominal prices of Foreign
atocks:—Grenada Deferred Bonds, 54 6 ; Mexi-
can, 191 20 ; Peruvian 44 per Cants., 814 821 ;
ditto 3 per Cents., 554 564; Portuguese 3 per Cents.,
45 46 ; Russian 5 per Cents., 109 111 ; ditto 44
per Cents., 99 101 ; Spanish 3 per Cents., 434 44;
ditto Deferred, 264 g.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1858. 1857.
Great Western £27,322 £25,992
North-Western
month-Western
Brighton
Midland
South-Eastern . 17,748 15,162
Great Northern
Lancashire and Yorkshire 22.063 21,898
Bristol and Exeter 5,768 5,966
Manchester, Sheffield, & Lincoln 9.525 9,214
North• Eastern
North Stafford
Oxford, Worcester, and Wolver 3,890 3,841
West Hartlepool 3,017 Echnburgb and Glasgow
Glasgow and Sou h-Western 6,586 6,318
Grand Trunk of Canada 9 220 10,525
Great Western of Canada... 8,796
10,297
Northern of France
A. very limited amount of business has been done
to-day in the Railway Share Market, and a further
decline of about to per cent. has taken place in
prices. Eastern Counties, Great Western, and
Midland declined ss. ; Caledonian and North
British, 10s. ; and North Eastern (Berwick), and
South Eastern /Os. to 15s. North Eastern (York)
have improved Is.
The Foreign mad Colonial lines are inactive, and
show very little variation from previous rates.
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.
Union. of Australia have declined about ss. ; General
Steam advanced ss.

BRITISH FUNDS.—CLOSING PRICES—THIS DAY,
(Irom the Official List:)
Bank Stock
3 e, • ent. Reduced kutiviitla
3 per Cant Consols A un~itins
Nl'v per Cent. Annuities 951 $
India Loan 9l $ i
India son 4., 1 22 20 18 p
itto, under £lOOO il 2 p
Cotsols for r,,,.,‘ (Hay 6th)
Exchequer Bills, 24d. March. June.
56,•
-- I 35
S ~,11
I Exchequer Bonds, 185 S, Ri per Cent.... 39
Ditto, 1359
101
PRICES OF FOREIGN FUNDS—THIS DAY.
Buenos A yres Bonds, f; per Cent. 77,Ditto Deferred, 3 per Cent. .
Ctiilian Bonds, 6 per Cent lo2s x
Ditto 3 per Cent.
Peruvian Bonds, 4 per Cent --
Ditto Account
Ditto 3
r C
Ditto Acepeonnten t ''
' —
56 '
Portußu3iag
u
n e
Rs
oeni3dos,nt 2 pto.rste.enst.i,)elrBCs3en.t 4_si i i
Ditto, 44 por Cent'. '
sparisb !i„,,s, 3
per ;;;;;;
DM,. Passive ... t.
110004 A i I
rarki„ 1;011,48, r r:,;:;;;;
Ditto Account ....
Venezuela Bonds, 4i per Celli
..........
Ditto Account,
. 31i
Dividends on the above payable in London.
Dutch Excliange, 2! per Cent., 12 Guilders 65i
Do. 4 per Cent. Certificates . ..... ...., 944
Peruvian Dollar Honda, 4j per Cent. 57
1 tittEE O'CiLoog.

Consols!, money 961
964 6
Cone°la account (May)

GREAT TURKISH FRICATR..—Tbe Torki,l2. Admiral is
expected to return to this city n, xt Tue4JELY,
w e'e
will undoubtedly proceed at once to negotiate with a
Now York shipbuilder for the construction of the great
Ottoman frigate. The Admiral was desirous that the
-United States government should take the contract pro-
bably under the impression that he would gfit a better
bargain from the Government than from a private con-
tractor. This idea was perfectly nature Ito one not ac-
customed to our " institutions," and yet everybody at
all familar with them knows it to be entirely fallacious.
Private enterprise takes the lead in this country—and the
admiral can get his job done cheaper, better, and
quicker by any competent shipbuilder, than the
Government could possibly do it—even if the latter
lould consent to take the contract, which of course
would not.—New York Journal of Commerce.