The Sun.
London, England, 1858-03-17 00:00:00

COMMERCIAL INTELLIGENCE

CITY, Two O'CLOCK,

The Liverpool Cotton Market yesterday closed
heavily, and the prices of most descriptions were
fully id. per lb. lower. The sales were estimated
at 3,000 bales. In the Railway Share Market there
was no change to report, and values were without
alteration.

The influx of specie has suddenly increased, and
as the demand for silver is quieter, and fewer ship-
ments will consequently be made to the Continent,
it is expected that the bullion in the Bank of
England will be further augmented. The
Kent arrived yesterday with about 192,8001., and
the La Plata is announced, this morning, with
about a quarter of a million sterling on board,
chiefly in silver. Upwards of 350,0001. is still due
from the antipodes, which in addition to that
which may be received from America, and other
places, will insure a further import of specie. tinder
these circumstances it is not considered improbable
that the Bank of England will at once reduce the
rate of discount to 2i per cent., because the com-
petition out of doors is sufficiently active to with-
draw from the national establishment the limited
amount of discount business that is now offering.
It was at first imagined that they would
not make any further relaxation, inasmuch
as it was not likely to produce any adequate
advantage, but it is now thought that they will
adopt a similar course to that which has been fol-
lowed in former periods when the situation of the
establishment has warranted an alteration. The
position of the " till" is now considered better
than it has been in past times, when a minimum
of 2i per cent. has been established.
The inquiry for discount accommodation is very
quiet, and at the Bank of England the applications
are exceedingly limited.

Silver is rather cheaper, the bars brought by the
last Mexican steamer having been sold at ss. 13d.
per oz. standard. About 45,000 in gold was taken
into the Bank yesterday, and it is expected that
a fair proportion of the remittances received by the
Teviot and the Kent will be similarly appropriated.
The foreign exchanges continue dull but steady.
There was a opecial meeting to-day of the Buffalo
and Lake Huron Railway Company, at which the
resolution for making the 15,000 of 7 per cent. 101.
preference shares convertible into ordinary shares
in 1863 was carried unanimously.

There is a firm market for English Securities,
and the general tendency of the quotations is
favourable, but business continues dull, and very
little variation has Wien place. The imports of
specie, and the expectation that the new Ministry
will prove successful have caused an improved tone,
but speculation is still very much restricted.
Consols have been 96i for money, and 96i 97
for account, but they are now firmer, viz., 961
97 and 97 to 97k respectively. The New Funded
Debt is steady. Exchequer Bills are 383. to 425.
premium.

Foreign Securities are rather firmer and the
amount of business transacted has been rather ex-
tensive, but prices do not exhibit any particular
alteration. Turkish 6 per Cents. are 101 to 102 ;
Russian 5 per Cents., 1101 ; Spanish 3 per Cents.,
44} ; ditto Deferred, 26± ; Buenos Ayres Deferred,
18 ; Equador New Consolidated, 14 ; Grenada
New Active, 19i ; Peruvian 4i per Cents., 80i ;
Venezuela 41 per Cents., 33 ; ditto Deferred, 12i ;
Dutch 2i per Cents., 653/4 ; and ditto 4 per Cents.,
101.

The following are the nominal prices of Foreign
Stocks:—Grenada Deferred Bonds, 51 61; Mexican,
20 201 ; Peruvian 4i per Cents., 80 81 ; ditt o 3 per
Cents., ; Portuguese 3 per Cents., 45 46 ;
Russian 5 per Cents., 109 111 ; ditto 44 per Cent'.,
99 101 ; Spanish 3 per Cents, 44 44/ ; ditto New
Deferred, 261.

A moderate business has been reported in the
Railway Share Market to-day, and prices have ex-
hibited a fluctuation of about to per cent. North
Eastern (Berwick) declined ss. ; Caledonian, Great
Western, Lancashire and Yorkshire, South Wes-
tern, and North British, 103. Eastern Counties
and Midland improved 55., and Brighton 10s. The
Foreign and Colonial linos are quiet, and exhibit
little variation in prices. East Indian have im-
proved 106. ; Pernambuco, ss. ; and Sambre and
Meuse, ss.

No business of importance has been transacted
in Mining Shares, and quotations are nominal.
For Joint-Stock Bank and Miscellaneous Shares
there is a limited demand at slightly improved
values. London Chartered of Australia have ad-
vanced ss. ; Oriental Bank, ss. ; Canada Land
shares, North of Europe Steam, and Van Dieman's
Land shares were dealt in at former quotations.

BRITISH FUNDS.—CLOSING PRICES—THIS DAY.
(Prom the Official Lista
Business done.
3 per Cent. Consols Annuities 96iiii
'cilia Bonds, LINO
nitto, under £lOOO 29 5 30
Cot solQ flr Account
India Stock for Account
Exchequer Bills, lid. March. June.
21000 .... 3B 42 I
£509
Small •
Exchequer Bonds, 1855, 34 per Cent....
Ditto, 1959
PRICES OF FOREIGN FUNDS—THIS DAY.
Buenos Ayres Bonds, 6 per Cent. —
Ditto Deferred, 3 per Cent. . . lB
Oailian Bonds, 6 per Cent. lO6
Equador New Consolidated l4
Grenada New Active, 21 per Cent.
Ditto Deferred 54
Mexican i per Cent
Peruvian Bonds, 41 per Cent i 801
Ditto Account i Boi 1
Ditto 3 per Cent. .
Ditto At.count 561
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 18b3, 3 per Cent 451
Russian Bonds, 1822, £ St., 5 per Cent llO
Ditto, 4i per Cent. lOOl 100
Sardinian Bonds, 5 per Cont.
Ditto Account,
Spanish Bowls, 3 per Cent.
•Ditto Account
Ditto New Deferred, 3 per Cent,
Ditto Account
Tarkieb •'onds, 6 par cent
Ditto Guaranteed.: par Cent.
Venezuela Bonds, 41 per Cent
Ditto Account 33
Ditto Deferred 2 per Cent
Dividends on the above payable in London.
Ilea Exchange, 21 per Cent., 12 Guilders 6'i
Do. 4 per Cent. Certificates

2littEE O'CLOCK.
Consols, money
Consols for Account, (April 8)

PROPOSED INTERNATIONAL HOTEL.—The prospectus
of the International Hotel Company which will be found
in our advertising columns deserves attentive perusal.
The object of the promoters of this scheme is to provide
a long needed want, via., a large first-class commodious
hotel in the heart of London, combining all the clmforts
and conveniences of the best clubs in England, and the
leading hotels on the continent. The company proposes
to erect a magnificent structure of the above description,
having a frontage of 800 feet, abutting on the Strand,
Burleigh-atreet, Exeter-street, and Wellington-street,
including the ground now occupied by the Lyceum
Theatre. A. better spot for such a purpose could
not be found in London—it is midway between
the parliamentary and fashionable, and the com-
mercial and business portion of the metropolis,
and is in close proximity with Government offices, the
courts of law, the theatres, and within a shilling fare of
every railway terminus, with two exceptions. The con-
tinual extension of the net work of railway to the re-
motest part of the kingdom is daily making the want of
such an establishment more evident as the facilities of
travelling augment the number of visitors to this centre
of government, capital, and commerce. The scheme—
which deserves the greatest encouragement and success
—is at present in the bands of gentlemen of the highest
respectability, and there cannot be any doubt that, in a
hort time, London will boast of having in its very
centre-one of the finest hotels in the world.
THE LATE MURDER AT PORTSMOUTH.—Up to the
time of the despatch of this report last night no clue bad
been discovered to the murderer of the unfortunate man
Hart, otherwise Ho ward, whose assassination was re-
ported in The Sun of Monday. An inquest was opened
by the borough coroner at the Do'phin Inn on Monday
night, hut no evidence was elicited to throw any light
upon the matter, and an adjournment for a week was
resolved on. In the meantime a post mortem examina-
tion of the body Is r.:irec,ed to be made. An airgun is
believed to have been the weapon used by the naurdertr.
DESTRUCTIVE FIRE IN STIOREDITCEL —Yesterday
morning, between the hours of three bud four o'clock, a
fire broke out at Mr. E. Wells's, cabinetmaker, 26,
Leonard-street, Ehoreditcb, which was not extinguished
until the back workshops were burnt out, Cause is
unknown.