The Sun.
London, England, 1858-05-13 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGT7.NCE,

CITY, Two o'CLocK.
Letters from Liverpool state that the Cotton
Market yesterday closed quietly, and prices of
Brazils exhibited an advance of /d. per lb., but all
other descriptions we unchanged. The sales were
estimated at 9,000 to 10,000 bales, 1,000 of which

were taken for export, and 1,000 on speculation.
In the Railway Share Market business was re-
stricted, but the quotations were rather firmer.
The amount of gold withdrawn from the Bank
yesterday was 94,0001., and a reduction of nw rly
balf-a-million sterling has, therefore, taken place
in about a week. This, naturally enough, pro-
duces some anxiety on the part of speculators in
_ .

public securities, but it is hoped that the move-
ment will soon receive a check. Silver continues
firm, and there is no alteration to report in the
quotations of bars and dollars. It is expected that
the greater part of the supplies received yesterday
will be taken for the Continent.

The Paris Bourse continues very depressed, and
business is confined within the narrowest limits.
No influence seems to bs produced in the value of
the Rentes by the cheapness and abundance of
money. The 3 per Cents, are at an unreasonably
low point, viz., 69k, whereas our Threes are fully
28 per cent, higher. Trade also remains in a most
stagnant condition, and serious complaints are
made by the commercial community both in Paris
and in the departments.
The annual meeting of the National Provincial
Bank of England was held to day, J. M. Laurie,
-Eaq., in the chair. The report stated that the
directors propose to pay a bonus of 10 per cent. on
the whole of the paid up capital, thereby including
the last instalment on the new shares received in
July last. After deduction of the bonus and divi-
dend for 1857, there will remain the sum of
12,0471. 3s. to be added to the reserve fund, which
will then stand at 197,3801. 15s. ld. The Chair-
man alluded to the gradual progre=s of the bank,
and the increasing estimation in which it was held
by the public. The report having been adopted, a
vote of thanks was passed to the directors, and also
to Mr. Robertson, the general manager, and to the
officers of the bank.

The Market for English Securities has been rather
firmer to-day, and although the transactions are
limited, there is rather a better feeling. After the
resignation of Lord Ellenborough, and the notice
of motion given by Mr. Cardwell, there is, neces-
sarily, a good deal of uncertainty among the specu-
lators, but all things considered, the value of the
Funds is well maintained. Consuls have been
97} for money, and
~971 for account. They
are now 97f and 97i respectively. The New
Threes are 95i 961 ; the Reduced, 95i 90 ; the
March Exchequer Bills, 435. to 445. prem. ; the
June ditto, 372. to 40s. prem., and India Deben-
tures, 1001. Bank Stock is 222 i, and India ditto,
2233/41to 225.
Very few- transactions have bean recorded 'in
the Foreign Stock Market, and prices have slightly
declined. Turkish 0 per Cents. are 97 to 971 ;
ditto 4 per Cents., 104 ; Peruvian 4i per Cents.,
86i ; Sardinian 5 per Cents., 92 ; Spanish 3 per
44a ; Venezuela 41. per Cents., 36i ; and Dutch
2/ per Cents., 66.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 7 ; Mexi-
can 3 per Cents., 20i 21 ; Peruvian 4i per Cents.,
86 88 ; ditto 3 per Cents., 60 62 ; Portuguese 3
per Cents., 45i 46i ; Russian 5 per Cents., 111
113 ; ditto 4i per Cents., 101 103 ; Spanish 3 per
Cents., 44 I ; and ditto Deferred, 26i 27.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1858. 1857.
Great Western £28,147 £29,292
North-Western
South-Western
Brighton
Midland
gouth.Eutern 16.984 16,946
Great Northern 23,026 21.551
Lancashire and Yorkshire
Bristol and Exeter 6,196 6,453
East Lancashire 6,235 6,569
Manchester Sheffield, & Lincoln 9.650 10,049
North Stafford
North-Eastern
Oxford, Worcester, and Waiver.- 4,004 4,123
BOUtil Devon 2,373 2,627
West Hartlepool 3,122 3,168
Edinburgh and Glasgow
Glasgow and Sou. h-Western 6,660 6,281
Scottish North-Eastern 3,379 3,554
Beottish Central
Grand Trunk of Car.ada
Great Western of Canada 10,368 12,466
Northern of France
There has been a very limited business tran-
sacted this morning in the Railway Share Market,
Most of the dealers being occupied with the arrange-
tnents for the settlement of the account. Prices
have shown some slight variation. Brightons and
Eastern Counties have improved about 55., and
Caledonians and South-Eastern, 10s. ; South-West-
ern, Manchester, Sheffield, and Lincolnshire, and
Midland declined ss. ; and North-Western and
North-British, 10s. The foreign lines have been
very inactive, and show little variation in
prices, and in the Colonial Market prices are flat.
East Indian have declined 103., Grand Trunk of
Canada ss.

Joint-stock Bank and Miscellaneous Shares
show little alteration from previous values. Lon-
don and County and Oriental Bank declined about
58.) and London Joint-Stock improved ss. Penin-
sular and Oriental Steam advanced 11., and Electric
Tei
graph about 10.3.

ERITISH FUNDS.—CLOSING PRICES—THIS DAY.
(prom the Official Lista
Baak Stock
3 per (..'ent. Reduced Ann-aides) 9si 1 6 53 6
.I!..Per Cent. Console Annuities 974 a 41 i
.tvev? 3 per Cent. Anuoitici
Long Annuities (Exp. sth Jan., 1860) •
Ditto 30 Years, expire 10th Oct., 1859. 1 7-'6
India Stock
India Loan Debentures looj
Ditto Snip
CoLsols fur account
974 i A
'Exchequer 13111 s, W. March. June.
£lOOO. w•» 43 44. 137 40 41. p
2500... 44 137 40 d
8inaii.........r.. ...

PRICES OF FOREIGN FUNDS—THIS DAY.
Bramitan 5 per Cent.
Buenos Ayres Bonds, 6 per Cent. —
Ditto Deferred 3 per Cent
Mexican 3 per Cent
Pernvian Bonds, 4i per Cent
Portuguese Bonds, 3 per Cent., 1853
Sardinian Bon Zs, 5 per Cent. •1111 92
binanith Roads, 3 per Cont.
Udell Bonds, 6 per cant 96.} 6 7 6 k
;Attu, Account
Ditto Guaranteed. i per Cent.
Vwnezuela Bonds, 4i per Cent
Dividends on the above payable in London.
Dutch Exchange, 2. per Cent., 12 Guilders 66
1 II itEE OW WK.
Consols, money ¶37l ii
Console for Account, (June 3) w
97a 4

The Earl cf Listowel has arrived in town, for the
Season, from Ireland.
Fainzoki Aoknintir o 8 SCIBNCES.—A.t the last sitting
Seguier read a report on an apparatus proposed
by M. Marrasich, a civil engineer, for recovering
heavy bodies from the bottom of the sea. M.
Marrasioh's plans having never been subjected to
any direct experiment, the report could only
decide on their plausibility, which, however, it
'did in the most explicit manner. The principle of the
invention consists in applying the power of ascension
inherent to air-balloons, especially under water, to
raising foundered ship, or any heavy materials,
to the surface. For this purpose, the
made of strong cloth coated with India rubber,
and known in trade by the name of artificial
lecaher, are taken down empty to the bottom of flat
sea, and secured by divers to the body to be raised ;
after which they are filled with air by means of forcing
Pumps worked by a steam-engine on board a steamer.
These balloons are provided with valves, and with tubes
eslablish a communication between them, so that they
can all be filled at the same time; moreover, other valves
interrupt this communication, so that, should one of
the balloons burst, the other may still continue full,
There are many other details connected with this inven-
tku, which cannot be rendered intelligible without a
14ure.—Marshal Vaillant presented a new work by M.
Vayson on loeches, in whicl-i it is shown that they can
thatbe properly preserved in artificial marshes, and
n they must at certain periods be provided wi:b
nourishment from mammiferous animals.—M. Regnault
et had a paper on the Electrochemical qualities of magne-
um, the metal recently obtained in considerable quan-
tities by M. Deville, and sta•ed that in a hydro, lectrc
Vtla
o,ltteir ofi ic couple composed of zinc and magnesium, the
and
sodezielectro-positive, a. d it, electro-motive force 145,
!inn %) aln7clB.potas,.eium being 182, and that of zinc

St.
St.
St,
25
St.

20
20
10

2‘,.)1
100
100

20
20
20
20