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

MONEY 'MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoorr.
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
Palencia 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 lis three months,
50s. 3d. per cwt.

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—
. _ _

vis., of the Pernambuco Railway proprietors, and
the depositors at Messrs. Cdlvert's, the brewers,
whose difficulties have formed a leading topic of
conversation among all classes during the last
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 merely 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
voluminous description, and, as usual in such
cases, 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 Com-
pany, besides this personal misuneerstanding,
are stated tp 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
ereditors —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
(toned, and the assets, fairly estimated, 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
dculties all must regret, will be rendered still
raore 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-
live 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
merely to adjourn to the 25th inst. The Chairman,
It. 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 ilatneEs, a fear being aroused lest the motion
to be brought forward on Thursday should lead to
4) 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 subject at the Stock Exchange
}Ave dispersed those symptoms of heaviness lately
iritnessed. Consuls for money have been 97k
kid for account 971 and 971 #. They are now
971
a 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/ 101 i. 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 971 98 ; Spanish 3 per Cents., 44 ; ditto
Deferred, 261 ; Peruvian 4i per Cents., 861 87 ;
ditto 3 per Cents., 62; Russian 5 per Cents.,
112 i ; ditto 4i per Cents., 1011; Sardinian 5 per
Cents., 911 921 ; Dutch 4 per Cents., 991 ; and
Peruvian Dollar Bonds, 621 631.
The following are the nominal prices of Foreign
docks :—Grenada Deferred Bonds, 6 '7 ; Meal-
can 3 per Cents., 201 ; Peruvian 4i per Cents.,
06 88 ; ditto 3 per Cents., 60 62 ; Portuguese 3
Per Cents., 45i 46i ; Russian 5 per Cents., 111
113 ; ditto 4i per Cents., 1021 1031 ; Spanish 3
Per Cents., 44 i; ditto Deferred, 26k 27.
A very moderate amount of business has been
reported in the Railway Share Market this morn-
,lng, and a further decline of about to 1 per cent.
a 4 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, 155. ; Eastern Counties,
Great Northern, Midland and Yale of Neath, 1/
and South Eastern, 1/. 53. 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 Stock Bank and Miscellaneous Shares have
also exhibited a downward tendency. Bank of
Australasia have receded 55., and 17oion of
London 10s.
In the Miscellaneous market Australian Agri-
cultural declined about 55., and Peninsular and
Oriental Steam ss.

UNWISE FUNDS THIS DAY AT ONE t rat OCK.
(From the Official Lis%)
Bank Stock
a Per Uent. Reduce(' Annuities Sea 51
3,,Per cent. Consols Annuities 97$ i zhavir 3 per Cent. A !nitwit*
tong Annuities (Exp. sth Jan., 1860) ll
Ditto 30 Years, expire 10th Oct., 1859 1$
Ditto 30 Years, expire sth Jan., 1860 1i
iDitto 30 Years, expire sth April, 1885 lBs
4(11a Stock
Milt Loan Debentures loo} a
1 Ditto Scrip
4414 Bonds, £lOOO • • • • 24
~. ihtto, under £lOOO 2l
1111:Rola for Account
4zehoquer Bills, 20. March. June.
1000 .
37
37
tboo —
''zehequer Bowls, MS, 3i per Cent....
lola°, 1259
I'D
-*ICES OF FOREIGN FUNDS AT ONE O'CLOCK.
'Peruvian Bonds, 4j per Cent _
big() Account seii 7
Ditto 3 per Cent.
4 Ditto Account
44mien Bonds, 1822, E St., 5 per Cent ll2l
,
LT,140. 4i per Cent. lO
-"rvinian Bongs, 5 per Cent
4 Ditto, Account
,)it
"eish Bolide, 3 per cent.
. to Account
untto New Deferred, 3 per Cent;
Ditto Account
Doh
Dividends on the above payable In London.
.s;l2 Exchange, 2 per C0n.:,., 12 Guilders bO. 4 Dn. Cent. Certificates
Ditto 4 per Cent... 99i
PIZ .. . 62/ 31
Consols money TWO O'CLOCK.
....,
Cousobifok account