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

CITY, Two o'CLocs.
Accounts from Liverpool report that the cotton
market pest erday 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 ►ill neutralize the influence
which maybe produced by 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 out of doors, 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 Indian
Loan bas 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 be 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. 9s 4d., out of which the
court of directors recommended the payment of a
dividend of 7 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 below 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 96i f, for money,
and 96/ I for May. The New 3 per Cents. are 95g
and the Reduced 95i The India Loan is quoted
981 and the Bonds, 16s. to 20s. prem. Bank
Stock is 220 to 221. ; Exchequer Bills are marked
375. prem.

Foreign Securities are in moderate request, at
about previous values. Turkish 6 per Cents. are
1001 I ; do. 4 per Cents., 1031 ; Peruvian 4i per
Cents., 814 ; do. 3 per Cents., 56,k ; Spanish New
Deferred, 26k ; Venezuela 41 per Cents., 32} ;
Buenos Ayres 6 per Cents., 78 ; °Ulan 6 per
Cents., 104; French 3 par Cents., 69f. ; and Dutch
24 per Cents., 65g.
The following are the nominal prices of Foreign
iitocks :—Grenada Deferred Bonds, 5/ 6f ; Mexi-
can, 19/ 20 ; Peruvian 4i per Cents., 81i 821 ;
ditto 3 per Cents., 55 56 ; Portugese 3 per Cents.,
45 46 ; ditto 4i per Cents., 99 101 ; Spanish 3
per Cents., 434 44 ; ditto Deferred, 26k
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 ± to
per cent. Great Western, Lancashire and York-
shire, South Western, and North Eastern (Ber-
wick) improved 55. ; East Lancashire, Midland,
North British, and South Eastern, 108. ; Eastern
Counties and North Eastern (York) declined ss. ;
and Edinburgh and Glasgow and Great Northern,
10s. 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 advanoed ss. ; London
_Joint Stock, ss. ; and Royal Mail Steam, 11.

PIRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( From the Official Ltst:)
.18sak Stock Business done.
221
! per rent. iteduced Annuities
#oi
4 per tent.e:onsols kunsities
N 0 . 3 i
per Cent. Annuities 9si lndia Loan 4 e
...
la . .-ionciki, xit,i,t)
thtto, under 1.3000 20
16 p 616 p
Consols for Account 96a
Excheqnsr !Ills, 20. . March. June.
. 41000 .
. 86dii
I 37
Small
•• •• •
• PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent.
Ditto Account
Cidlian Bonds, 6 per Cent. lO4
Peruvian Bonds, 41 per Cent
Ditto Account Bl.
Ditto 3 per Cent.
Ditto Account 564
Su nul3 30,ds, 3 per ilfat.
Ditto New Deferred, 3 per Cent.
Ditto Account
Varkieh ionds, 6 per cent
Ditto Guaranteed. -; per Cent.
Venezuela Bonds, 4i per Cent
Dividends on the above payable in London.
Preach Rentes, 4i per Cent.
• Do. 3 per Cent.. ex. 25 francs
Dutch Exchange, 21 per Cen:;., 12 Guilders 65g
TWO O'CLOt K.
Consols, money
Ditto, Account