The Sun.
London, England, 1858-04-29 00:00:00

MONEY MARKET

AN[

0 M IVIEI-ICIAL INTELLI(I.ENO

CITY, Two o'CLocK.

Letters from Liverpool mention that the Cotton
Market yesterday closed quietly, and prices of all
descriptions tended downwards. The sales amounted
to 8,000 bales, 1,000 of which were taken on specu-
lation, and 500 by the exporters. In the Railway
Share Market only a limited business was trans-
acted, but quotations slightly improved.
A large proportion of the gold lately received
from Australia has been taken to the Continent,
but the movement is not expected to continue at
least on a large scale, for the Bank of France is
not in want of supplies, and little silver is now
required for the East. Specie is accumu-
lating in Paris as well as here, and at New
York also the banks now possess larger
metallic resources than has ever before been known.
This is the natural result of commercial depression,
and some time must elapse before there can be such
a revival as will bring into profitable use the im-
mense aggregation of capital now lying idle in
all the great centres of trade. Still, how-
ever, it Row seems pretty clear that a re-
action in business has begun. At first it
is necessarily very slow, but should it prove
continuous--aud there seems nothing finan-
cially or politically to prevent it—the change will
soon be manifest throughout the country. Already
operations in the manufacturing districts, in Min-
cing-lane, and other departments are larger, and
what is of paramount importance, the working
classes are getting more employment. During the
last six months they have suffered great privations,
although mitigated by the cheapness of provisions.
It is sincerely hoped, that the improvement having
commenced it will now.make steady prt gress, but
under the most favourable circumstances a return
of general prosperity can scarcely be expected this
year.
After a brief discussion the Bank of England
directors have separated after their usual weekly
meeting without altering the rate of discount.
This was expected, notwithstanding the extremely
low terms current out of doors, and which show a
difference of to per cent. compared with the
minimum in Threadneedle-street.

The Annual General Meiling of the East Indian
Railway Company was held this day, at which a
favourable report was presented, stating that the
engineers had been enabled to resume their ope-
rationg, which had been suspended since December
last. The revenue accounts for the half-year had
not been received, but it was known that the num-
ber of passengers that bad travelled in the half-
year was 522,360. This showed a decrease in the
tragic of 26,187 passengers as compared with the
preceding half-year, but gave an increase over the
Corresponding half-year of 57,239 passengers.
The tonnage of goods was 70,355, giving an
increase of 6,605 over the preceding half-year. The
traffic receipts for the opened part were 68,9731.
18s. Bd., showing an increase of 5,5141. 14s. sd.
over the preceding half-year, which, with the for-
mer receipts, made the revenue; of the past year
134,434/. 2s. 4d. Some deviation in the line was
agreed to in consequence of the rebellion. After a
short discussion the report was agreed to. The
accounts showed that the amount expended had
been 7,028,0131. 12s. 10d., leaving a balance in
favour of the company of 633,8011. 7s. 2d. After a
short discussion the report was adopted.
Increased buoyancy and activity have been ex-
hibited in the English Stock Market to-day.
Numerous purchases have been made for invest-
ment and on speculation, and at one time the
advance was per cent. A trifling reactionary
tendency has since been observed, the rise having
tempted a few sales in realisation of profit.
Consols for transfer and the 6th proximo have been
97 g and 97g ; they are now 97i g, and for June
97i The New 3 per Cents. and the Reduced
Annuities are about 961 g. India Loan has im-
proved to 1008, and the Scrip is markei 100 k
Bank Stock bas been dealt in at 2211 222, and
India do. 223. Exchequer Bills are 395. prem.,
awl India Bonds 18s. to 21s. prem.

Foreign securities are quiet, and prices steady.
Turkish 6 per Cents. are 98/ 99, and the 4 per
Cents. 1041; Spanish 3 per Cents. are 44i ; Sardi-
nian 5 per Cents , 91 ; Mexican 3 per Cents., 20i ;
Peruvian 4i per Cents., 821 83 ; and Dutch 4 per
Cents., 99k.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 51 6 ; Mexi-
can 3 per Cents., 20 1 ; Peruvian 41 per Cents.,
82 83 ; ditto 3 per Cents., 57 58 ; Portuguese 3
per Cents., 45/ 46i ; Russian 5 per Cents., 110
112 ; ditto 4i per Cents., 101 102 ; Spanish 3 per
Cents., 44 441 ; ditto New Deferred, 26i 27 ; ditto
Passive, 7
.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

18b8.
Great Western £28,068
North-Western
South-Western
Brighton 13,609
Midland
South-Eastern
Great Northern
Lancashire and Yorkshire 22,181

1857.
£28,439
60,853
14,080
14,478
31,500
17,656
22.421
22,815

Chester ;nd Holyhead
Bristol and Exeter
East Lancashire
Manchester, Sheffield, & Lincoln
North-Eastern
North Stafford
Oxford, Worcester, and Wolver
south Devon
West Hartlepool
Edinburgh and Glasgow - •
Glasgow and Sou h-Western
Scottish North-Eastern
Grand Trunk of Canada
‘roat 'Western of Canada
Northern of France

The arrangements for the settlement of the half
monthly account are now in progress in the Rail-
way Share Market, and mcst of the dealings have
been in connection with that event. Prices have
been exceedingly buoyant, and most of the leading
lines have advanced about 1 per cent. Caledo-
nian, Eastern Counties, Great Western, Lanca-
shire and Yorkshire, Midland, North Eastern
(Berwick), and Oxford and Wolverhampton,
improved about 11. Edinburgh and Glasgow
South Western, and South Eastern, 1/. ss.
and Manchester, Sheffield, and Lincoln, 11. 10s.
The Foreign and Colonial lines have been very
quiet. Lombardo 'Venetian improved 55., and
Sambre and Meuse ss. Grand Trunk of Canada
10e., and East Indian ss.
Mines, Banks, and Miscellaneous Shares have
been very quiet, and exhibit little variation of
importance. Canada Land have declined 1/.
Electric Teleraph improved 11., and Van Dieman
Land 53.

BRITISH FONDS THIS DAY AT ONE o'ol OCK.
(From the Official List;)
Bank Stuck ........ . .... 22IA 2
3 ~er Cant. Reduced Annuities 9EI
3 per Cant. Consols Annuities ............ 9 6
New 3 per Cent. Anuuttin- . ........... . 964
Long Annuities (Exp. sth Jan., 1860) 1 11-16
Ditto 3i, Years, expire sth April, ItiBs 18i
I udia Stock
India Loan Debentures lOO3
Ditto Scrip
. ..... ..... 18 21
I )(lift Bonds, £lOOO
r)itto, under £100)00e 23
Consols for Account
Esohequer Bills, 20. March. June.
39 p £lOOO

PR. fCES OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican 3 per Cent 2O
Peinvian Bonds, 4i per Ceut B3 21
Sardinian Bonds, 0 per Cent.
tiimnish Boucle, 3 per Cent.
Ditto Account .
Turkish Bonds, 6.p. ::; cent. ..
99 8-1
ditto Guaranteed ,4 per Cent.
D itch Eacttange, 2;per Con., 12 Guilders --
Do. 4 p,r Cent. Certificates
TWO O'CLOCK.
Consols , monoy ~

AMERICAN MAIL DESPATCHES.—The screw steams'.
City of Baltimore, sailed from the Meriey yester•lay for
New York with 60 cabin passengers, 260 steerage, and
LB„hlE's The Cunard steamer Persia sails on
t
box-s4uaY next, for New York The Liverpool letter-
.
"4"lcl.fl°l etaoot 8 a.m., with late fees at 9, and that on the
ze at 10.