The Sun.
London, England, 1857-06-15 00:00:00

MONEY ,DIARKET

„A VD
M. 'EJOMIIIERCIAL INTELLIGENCE.
- -

CITY, Two o'CLocx.

The Liverpool Cotton Market on Saturday closed
firmly, and prices of all descriptions were unchanged.
The sales amounted to 7,000 tales, 1,000 of which
were taken by the exporters, and 500 by the specu-
lators. The Railway Share Market closed dull, and
prices of all the leading shares were a shade lower.
Accounts from the manufacturing districts de-
scribe business as still being exceedingly dull, but
prices are firtr, and hopes are entertained of an
early alteration.
The advices from America by the steamer
Niagara state that the last return published by th►
City Banks, viz., for the week ending 31st ultimo,
showed an increase of 530 dollars on the loans and
discount., but a decrease of 811,219 dollars in th-
specie, 41,332 in the circulation, and 48,670 in
the deposits.
The Niagara brings 1,220,108 dollars in specie,
and La Plata, from Mexico, 1,059,732 dollars.
During the last two or three days the demand
for money in Lombard-sire •t nd at the Bank of
England has slightly increased, but no ahsolute
pressure has teen expetienced. On the Stook Ex-
change also the inquiry has ra.her augmented, but
there is, nevertheless, a strong disposition tit believe
that the improvements in financial affairs generally
will be gradual and uninterrupted. The steady
influx of spe,lie from Australia, America, rtc.,
and the retention of a fair proportion in this
country has promoted a s•tnguine fer ling, and the
amelioration which has been observed in the Bank
veturns for some weeks past encourages the belief
that a decline in the minimum rate of discount
will soon take place. The contraction of trade, and
the absence of speculation mint exercise some effect
in limiting the demand, but there are numerous
obligati ns that have periodically to be discharged,
and which prevent an accumulation of capital.
In Paris, where monetary relations are in
a similar situation to t. at witnessed here the strin-
gency is still sustained, but hopes based on the
satisfa e ory Bank returns, and the contemplated
issue of 50 franc notes, are indulged of a speedy
alleviation. The ahserption of money for the de-
velopment of joint-stock enterprise under taken by
the Credit Mohilier is still rapid, but signs of
amendment which are not likely to prove decep-
tive, are visible. The determination of the
authorities to avail tl'emselves of the privi-
leges of the new charter at the earliest op-
portunity by issuing 50 franc notes is hailed
with con-iderable satisfaction by all persons, espe-
cially those who have had a stake in the financial
prosperity of the country for years past, and have
seen the numerous advantages derived from former
extensions of credit. There can be no question that
a similar policy, if pursued in this country, would
be highly beneficial, but at present no immediate
Prospect exists of any such change. It must even-
tually be resorted to, however, despite the views,
whatever they may be, of the Committee now sit-
ting on the subject of the Bank Charter.
Last week the imports of specie amounted to
1,054,6801., and the exports, t.s far as they are
known, were to the extent of 206,7701.

Notwithstanding the late very con-dderable arri-
vals of the precious metals, and the additional im-
ports announced to-day of ab ut 511,000/. more,
Making for a period of less than a month about
4,200,0001., and. thekno wledge that of his extraordi-
nary supply above 500,0001. win' into the Bank last
Week the tone of the market for the English Funds
undergoes no m+terial change for the better.
Prices are firm, and that is as much as can he said
of them. It is scarcely less singular to notice the
limited range of dealings. Consuls to-day are
93i for the account. 11,-duced 3 per Cent-. 92i
New Three per Cents. 92 93. Exlequt-r Bills
2s. discount and 2s. premium. Bank Stock is 212
to 214.

The market for the foreign F ecnrities remains in
a very inactive state, without any special feature
to notice. Neither the pu+dic nor the speculators
operated to any extent except in Turkish Stocks
whiLh are firm, the 6 per Cent. s being 95/ to 96'k
and the 4 per Cents. ICI/ to 101/. Peruvian 75
to 77. Spanish 41i to 421. Mexican 22J2 to 23.
Russian 5 per Cents. 109. Duteh 21 per Cents 65,
and the 4 per Cent. Certificates 971.
The following are the noinina.i prices of Foreign
Stocks :---Grenada Deferred Bonds, 6i- ; Mextetn,
22k i; Peruvian 41 per Cents., 754 6i; ditto 3 per
Cents., 521 531; Portuguese 3 per Cents., 46 47 ;
Russian 5 pet Cants., IUB 109 ; ditto 41 per
Cents. 96 8 ; 3 per Cents., 42 421; ditto
Certificates, 6i ; ditto Passive, 51 6.
The Railway Share Market to-day has been
quiet, the attention of the dealers having been ab-
sorbed by the arrangements for the settlement on
the 16th. Prices, however,- rule rather firmer.
Caleflonian have advanced 10s. to 15s , Great
Northern 103., Great Western 55., North-We-tern
55., South-Western ss. to 10s., N. rah-Ea tern
Berwick ss. to lOs , and South-Eastern about 10s.
The foreign and colonial lines are inactive. Eastern
of France advanced 55.. Grand Trunk of Canada
declined 10s. to 15s. Great Western of Canada
Were steady.
Mining Shares are quiet. Cobre Copper declined
about 21.

Joint-Stock Bank Shares show rather more firm-
nem. English, Scottish, and Australian Chartered
improved ss. ; Oriental Bank, ss. ; and Union of
Australia, ss,
The Miscellaneous undertakings show no mate-
rial change. North of Europe Steam have de-
clined 58. ; Crystal Palice improved ss.

BRITISH FUND s THIS DAY AT ONE • CLO, h
(From the Official Ltsl.)
Business done.
Bank Stook
3 pe• • cot. r,cduced Annuities
3t.Per eeiet. , onsolt “nnuitiet- Shut 93i
New 3 per Cent. Annuities tdi d
India liOndb, 1..101,11 ..., ... .........
i itto, under £lOOO 8 d
Consni.;
Ditto for Opening b3i
10.1 u„
5ma11...... ..... ..... . .. 2 p

I -
1 -

rucES OF FOREIGN FONDS AT ONE O'CLOCK,
Kends, 1822, I:: St., 5 per Cent—. 109
Sp [,ith ilohtts,.i per Cent. -
Ditto New Deferred, 3 per ‘,€n • ...... 26
Tut, .t olitiS, pvr cent 9si 6}
Ditto Account t GA
en > '• Rho, an.
Dutch Ex ange, 2i per 12 Cailders 65
Do. 4, r Cent. Certificates
T vt o oc K.
Consols for Account

TIM GRAND DUKE CONSTANTINE —HAMBURG, JUNE
13 —We learn from Kier tb,,t his Imperial Highness
the Grand Duke Constantine of Russia and suite arrived
there on the evening of Thursthry last from Hamburg.
by the usual aqsenger train, and immediately proceeded
on board the Rubrick, Russian steam scre w frigate,
in waiting to ei,nvey bim to St. Petersburg. The
Rubrick weighed anchor at nine o'clock and left fur the
point of her destina4.ion. On leaving the harbour she
was ssluted by the Danish corvette Heimdal with
twenty-one guns, which were replied to by the Russian
frigate.
SILK CROP.—The general result of the European and
Asiatic silk crop can now be appr ximatrly estimated,
and according to ad vices from M. Arles Dufour, of
Lyons, dated Friday, it is likely to prove better than
was at one time anticipated. From a résumé which hs
furnishes the following statements are ga' bered respect-
ing each of the producing countries. The news from
Turkey and Greece is as favourable as possible. At
Naples the first crop, although reduced to one-half, is
much better than last year. In Sicily and Calabria the
prospects were encouraging, but the latest advices an-
311.,runce that at their fourth stage the worms have become
severely affected. In Spain there is only half a normal
crop, but it is still much better than the last, both as
regards quantity and quality. In Tuscany and the
Roman States appearances are very promising. From
Lombardy it is stated that in the districts of Brianzia,
Brescia, Bergamo, and the lower Tyrol the seed has not
succeeded, and the produce will be very poor ; but that
in the Frionl and the high Tyrol all is going on most
satisfactorily. In Piedmont there are general complaints,
but the results are much better than tbo.ie of last season.
In France, also, which next to China and Lombardy, is
the richest silk producing country in the world, it is
now believed the yield, notwitnstanding all drawbacks,
will be superior to that of 1856. M. Dufour adds that,
assisted by the generally tavourable temperature, the
crop, but for the disease in the seed, would have been
!marvellous. This persevering malady, he considers, bad
its origin in the bad food which the worms have re-
ceived during six or seven years of moist and warm
winters followed by harsh springs ; and, as the season
hits now returned to a natural character, the hope is
entertained of gradual improvement