The Sun.
London, England, 1858-05-11 00:00:00

MONEY MARKET

Armi
COMMERCIAL INTELLIGENCL

CITY, Two o'CLocx.

The transactions in the Foreign and Colonial
Produce Markets during the last few days have
not been very extensive, but for most of the lead-
ing staples full values have been realised. Sugar
of good and fine quality is at fully late quotations,
but inferior descriptions are a shade cheaper. Coffee
has been dull, as large quantities are announced for
public competition during the week, and purchasers
have deferred their operations. Plantation Ceylon,
however, is moderately inquired for, at about for-
mer. values. Rice has been inactive, and but little

business has been reported ; previous rates how-
ever, are current. The demand for currants and
Valencia raisins has slightly fallen off, and the
former are at slightly reduced values. Saltpetre
has exhibited little activity ; and tallow has been
dull. P.Y.C. on the spot has declined to 545.;
June delivery to 535. 3d. ; and last three months,
60s. 3d. per owt. _ _

Letter; from Liverpool mention that the Cotton
Market yesterday closed steadily, and prices of all
descriptions tended upwards. The sales amounted
to 15,000 bales, 5,000 of which were taken by the
speculators, and 2,000 by exporters. The Railway
Share Market presented a quiet aspect, and quota-
tions slightly receded.

Two important meetings will take place to day-

viz., of the Pernambuco Railway proprietors, and

the depositors at Messrs. Cdlvert's, the brewers;
whose difficulties have formed a leading topic 01

conversation among all classes during the las

few months. With regard to the former,
a most important question has to be dis-
cussed and determined, but this will probably be
deferred until the next meeting, the present one
being mesely convened for the purpose of adjourn-
ment. Unfortunately there is a quarrel between
Mr. De Mornay, one of the concessionaires, and
the board of directors. Both parties have published
numerous letters and pamphlets, some of them of
a ♦oluminous description, and, as usual in such
eases, their statements respectively made are
very contradictory. Of course a good deal of
anxiety is manifested amongst the proprietary, the
amount involved in the undertaking being three
quarters of a million sterling. It is, therefore,
most desirable—nay, almost necessary for its wel-
fare—that the disagreement should be satisfactorily
and at once arranged, especially as the Cora-
PaeY, besides this personal misuncierstanding,
are stated to be at issue on one or two import-
ant points with the Brazilian Government. It
behoves the adjourned meeting, therefore, to dis-
cuss the questions before them seriously and calmly
in order that the project may be carried out with
that success which was originally anticipated.
The other meeting—that of Messrs. Calvert's
creditors —is equally momentous. Here
a still larger amount of money is at
stake, and the decision which will be
arrived at is of vital importance to the interests
of all who may unfortunately be concerned. The
question to be solved is, whether the business of the
firm shall be carried on under a deed of inspection,
until the liabilities are discharged, or whether liti-
gation shall be permitted to take place. If the
statements put forth by Messrs. Calvert are
correct, and the assets, fairly etimated, are more
than sufficient to meet the engagements in full
should time be allowed, then it would be folly on the
part of any creditor or class of creditors to !mar the
prospects of all by a rash recourse to legal pro-
ceedings. In that case a large portion of the as-
sets would be frittered away, and the final
payment must show something much less than 20s.
in the pound, while the position of the firm, whose
difficulties all must regret, will be rendered still
More unsatisfactory. In short, bankruptcy should
be avoided in order to improve the prospects of the
creditors, and to enable the partners, if possible, to
surmount their troubles and continue their exten-
sive business.

About 22,0001. in mixed gold was taken from
the Bank yesterday.
There is a moderate demand for money to-day
at previous quotations.
There was a meeting of the shareholders of the
Pernambuco Railway Company to-day, but it was
raerely to adjourn to the 25th inst. The Chairman,
R. Benson, Esq., having put the resolution to that
effect, the meeting adjourned accordingly.
The English Stock market still presents an un-
favourable appearance, but the transactions are
limited, and the alteration in prices is not im-
portant. Political rumours alone have produced
this flattue e, a fear being arouQed lest the motion
to be brought forward on Thursday should lead to
any Ministerial difficulties. Although this is quite
improbable, and considered so by the public at
large, still it must be admitted that the statements
current upon the subjtaet at the Stock Excharge
bave dispersed those symptoms of heaviness lately
witnessed. Consuls for money have been 97k 31,
and for account 971 1 and 97i They are now
87 and 971 respectively. The New
Three per Cents. are marked 951 96.
The Reduced, 951 ; the March Exchequer Bills,
435. prem. ; the June, do., 375. pm. ; and the
Bonds, 100 k 101 k. Bank Stock is 221 to 223, and
India do. 224. India Loan Scrip is 100#
Foreign Securities are inactive, and prices exhi-
bit a downward tendency. Turkish 6 per Cents.
are gn 98 ; Spanish 3 per Cents., 441 ; ditto
Deferred, 26i ; Peruvian 4k per Cents., 86:1 87 ;
ditto 3 per Cents., 62 ; Russian 5 per Cents.,
1121 ; ditto 41 per Cents., 1011 ; Sardinian 5 per
Cents., 911 92i ; Dutch 4 per Cents., 99i ; and
Peruvian Dollar Bonds, 62k 634.
The following are the nominal prices of Foreign
stocks :—Grenada Deferred Bonds, 6 7 ; Mexi-
can 3 per Cents., 202 21i ; Peruvian 44 per Cents.,
86 88 ; ditto 3 per Cents., 60 62 ; Portuguese 3
per Cents., 45k 46k ; Russian 5 per Cents., 111
113 ; ditto 4k per Cents., 1021 1031; Spanish 3
per Cents., 44 k; ditto Deferred, 26k 27.
A very moderate amount of business has been
reported in the Railway Share Market this morn-
ing, and a further decline of about k to 1 per cent.
has taken place in most of the leading lines. Great
'Western, North Western, South Western, Man-
chester, Sheffield, and Lincoln, North British and
North Eastern (Berwick) have declined 10s. Lan-
cashire and Yorkshire, 15s. ; Eastern Counties,
Great Northern, Midland and Vale of Neath, 11.,
and South Eastern, 1/. ss. No business of any
importance was transacted in the Foreign Market,
and prices are nominally the same as yesterday.
The Colonial lines are depressed. East Indian have
declined 10s. ; Grand Trunk of Canada 15s. ; and
Great Western of Canada ss.
Joint S. ock Bank and Miscellaneous Shares have
also exhibited a downward tendency. Bank of
Australasia have receded 55., and ljuien of
London 10s.

In the Miscellaneous market Australian Agri-
cultural declined about 55., and Peninsular and
Oriental Steam ss.

ER rani FUNDS.—CLOSING PRICES—THIS DAY.
(Prom the Official Ltst:l
Bank Stock 223 1
3 per ueut. Reduced Annuities 9€4 5i i
3 New
Cent. Console Annuities 97l} b
New i per Cont. Anouttt.s
Long Annuities (Exp. sth Jan., 1860) ` 1i 11-16
Ditto 39 Years, expire 10th Oct., 1859 14
Ditto 30 Years, expire sth Jan., 1860 li
Ditto 30 Years, expire sth April, 1885 lBl3 i
India Stock
India Loan Debentures loo} a
Ditto Scrip
100
lodic hoods, *allot) ........ 24
. ...,.....
Ditto, under £lono ... ....
21
Ootsols for /1 coonnt ..•••
Ifachegner Bills, 20. March. June.
£1000
£5lllO
Bna,tll ..• • •-• ......... • ••• I 40 p
Exchequer Bonds, 1858, 3i per Cent....
Ditto, 11559

PRICES OF FOREIGN FUNDS—THIS DAY.
traxnan 5 per Cent. .... 102

---
liquadorNe7w Consolidated l4
i
Ditto Provisional Land Warrant
Mexican 3 per Cent —
Ditto Account,
Peruvian Bonds, 43 per Cent —
Ditto Account 862 71
Ditto 3 per Cent.
Ditto Account 62 li
Russian Bonds, 1622, ..‘ St., 5 per Cent ll2l
Ditto, 46 per Cent. ...... ...............
Sardinian 130n45, i per Cent ...- ...... .., 921
Ditto, Account
14.D.niEn isokds, 3 per 69nt.
I)itto Account . 44j a
'Ditto New Deferred, 3 per Cent,
Ditto Account
Wurkien Bonds, o per celat „ 9B
Ditto Account

Dividends on the above:payable in London.
Dutch Excilangb, 2.1 per Cent., 12 Ciaiiners - -
alDo. 4 oil" rent. Certificates
Ditto 4 per Cent . 621 Rj 2 3
Pi tlitEle O'CIOVit
Consols' money
.• ti7i
Consols for Account, (June 3) 97s i

St.
10
St.
Bt.

174
20
St.
20
20
100
20

20
20i
100
100
100
100

20
20
20
20