The Sun.
London, England, 1857-07-20 00:00:00

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La. La ...

AND
00/aMERCIAL INTELLIGENUE,

CITY, Two o'CLocK.

The Liverpool Cotton Market on Saturday closed
firm, and prices were well maintained. The
sales were estimated at 8,000 bales, of which 1,000
were taken by the exporters and speculators. In
the Railway Share Market there was no particular
alteration, and prices were steady.
The general business of the port of London last
week was not very active. At the Custom Home
I 7 . vessels were reported from Foreign ports, two
from Ireland, and there were 128 colliers. The
entries outwards were 127, and the clearances 128
vessel, besides 14 in ball ist..
The improvement which has taken place in the
general situation of the Money Market, and the
.favourable symptoms still exhibited, induce a
belief that the rate of discount in the course of a
few weeks will be further reduced. Judging from
Present indications there is really some cause for
this
Sanguine expectation, especially as the bullion
at the bank-is accumulating so rapidly, but the ex-
-perienee of the past two years has taught us not
to place too much reliance upon the tendency of
affairs, while there are yet so many adverse influ-
ences at work, which at any time may increase and
check the amelioration which has commenced. It
was about this period last year when the rate of
discount Was 4i per cent., but towards the autumn
the drain of specie to the East and to the Conti-
tent, caused a serious diminution to the Bank's
bullion, and the minimum gradually rose to 6 and
7 per cent. This efflux has since continued, but
fortunately,
it is now going on at a reduced
Scale, and our imports of gold. and silver
are in excess of the exports. Thu 3 the bullion
is increasing, and the consequently improved situa-
tion of the establishment is enabling its administra-
tion to extend their discount operations. If no re-
'rival of the Eastern and Continental demand takes
place, then a lower range for money may be justly
anticipated, and the encouraging harvest prospects
here and on the Continent strengthen the impression
that
5 per cent., or even a lower point, may be at-
tained ere long. Besides the favourable turn in the
specie movement, the demands upon the Money
Market are less numerous, and it is satisfactory
to notice the little encouragement that it is given
to new speculative adventure. No sooner has an
intimation of a new Turkish Loan been given than
a general condemnation is passed upon the scheme,
And while this resistance is given to foreign enter-
prise, the amendment in monetary concerns is
likely to be accelerated. On Saturday there was a
fair inquiry for capital, but as the supply is large,
accommodation is easily obtained at the Bank
rate, and in many cases ral her cheaper.

The imports of specie last week were 809,9001.,‘
hill the exports, including those by the Indus,
to-day, (the shipments being completed on Satur-
day) about 670,8211.
The Corn Market is again depressed, and Eng-
ltr;ihelt has declined 3s. per quarter. Even at
this reduction it was difficult to effect sales.

At the meeting of the Union Bank of Australia
to-day, a dividend of 91 per cent for the half-year
was declared, or 19 per cent per annum. The
report was favourable, and stated that the net
profits for the half-year were £92,693. The re-
port was adopted.
The English Stock Market opened with a heavy
aspect, but there has since been rather more firm-
ness, and the tendency in prices is upwards. There
are unfavourable rumours relative to the progress
of events in India, but they are not generally be-
eyed. Consols for money have been 911 to 92 ;
an I for account, 92 to 92&. The latter are now
92k, I. The New 3 per Cents. are 92 to 921 ; and
the Reduced, 91k to 92k. Exchequer Bills are
4a; discount to par, and the Bonds, 981, India
Bonds were 15s. to 10s. discount.
Foreign Stocks are firm, and about the usual
amount of business has been done. Turkish 6 per
cents. are 95 and the 4p' r cent. guaranteed
102 a I. Spanish Certificates have been 51. Russian
av
6 Per cf-nts. 1091, Mexican 24 Grenada Deferred
6
Dutch 4 per cents. 98 to 98g.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 6& ; Mexican,
22 ; Peruvian, 81 82 ; ditto 3 per Cents., 55
6; Portuguese 3 per Cents., 44/ 5i ; Russian 5
Per Cents., 109 11; ditto) 4/ per Cents.,, 96 8 ;
Spanish 3 per Cents., 40 ; ditto Deferred, 25H;
ditto Certificates, 51 ; ditto Passive, 5.1
Railway shares this morning ruled rather active,
and tome of the leading lines showed a slight im-
provement, while in others there was a decline. A
air business, however, is reported. Great Nortben,
Great Western, and North-East.rn, York, advanced
„g‘l'out 58. to 10s. South-Western, Midland, Ox-
ford, rcester, and Wolverhampton, and South-
Eastern advanced ss.
The foreign and colonial lines are dealt in to a
considerable extent, and French were considerably
improved in value. Great Northern of France
advanced 1/., and Paris and Lyons about 21. to
21. 10s. 'Lombardo-Venetian rose about ss. to
YB. 6d. Grand Trunk of Canada improved 11., and
Fag Indian about 103.

Mining Shares are inactive, at about previous
'values.

Joint Stock Bank Shares are very quiet, only
two transactions being reported, viz., English,
Scottish, and Australian Chartered, and. Oriental
Bank, which realised former ratea.

In the Mis,..cellaneoui Market there is very
doing, but quotations are Crin. Aus.ralian Agri-
cultural, and London General Omnibus Company
are supported at previous rates.

33 :lITISIT FUNDS.—CLOSING PRICES —THIS DAY.
(From the Offinal List;)
Business (lone.
3 Per Cent. Reduced Annuities
3 Per Cent, Consols ikunr.ities lll4 2 IA-
New 3 per Cent. Annuities 92 i a
140,1 g Annuities, expire sth Jan. 1860 —
Ditto li) Years, expire sth April, 1885 lB 1-16 i
India Stock
111,, :,,uels, CliqiU . .. •
0 )1. SOIS 7or A ep.,,rt
... .. ~ 92 i i
RPiutl egner Bills. 20.
..Y4 ,li.na; .
naa 1 d
Smill — 2 d 2 p
Ditto Bun(4., Itist, 3i per Cent. -
Ditto, 1359
-PRICES OF FOItEIG.N FUNDS—THIS DAY.
Grenada New Active, 21 per Cent.
Ditto Deferred 6
Mexican 3 per ('ent -
Ditto Account
Peruvian Bonds, 4A per Cent
Rus3iau Bonds, 1522, £ St., 5 per Cent —
Ditto Account 1094
Ditto, 4., per Ceut.
S xtuish Cc mmittee Cart. of Corp, not fun SA
Tarkib.h "outs, 6 par cent ,_
97,$
Ditto Account
954
Ditto Guaranteed, I per Cent,
Ditto Account
Dividends on the above payable:in tcLu:Al.
Belgian 2, per Cent., ex. 25 francs .......
._
Do. 4:1 per Cent.. ex. 25 francs.
Dutch Ex •liarze, `4 per Cent., 12 Guilders
Do. 4 per Cent. Ccrtidcates
THREE a oLoCK.
1
Consols, money
92 i
Consols for account, Aug. u

ROYAL FREE HOSPITAL, GRAY'S-INN-ROID.—The
number of patients relieved at this hoqiiitia during the
Week ending July 18, is 2,298, of which 845 were new
orates.

LAW of AUCTIONS IN SCOTLAND,—In the Sheriff's
Com t, at Glasgow, last week, the Sheriff decided that a
seller is not entitled to bid at an auction, and that when
goo
anydsa re offered for sale, without any express stipula-
tion,offer must be accepted.
SUICIDE IN THE REGENT'S-CANAL—Yesterday morn-
ing a female, poorly clad, apparently about 25 years of
age, was seen to leap into the water of the Regent's-
canal, Cambridge-heath, Bethnal-green. The Drags
were sperdily brought into requi4tion, but the body was
tot found for nearly half an hour.
SOUTHAMPTON, Saturday.—A. telegraphic despatch
from Bremen announces the departure thence at 10
a-rt., for this port, of the European and American Com-
pany's steamship Argo, Captain Benson, with 250 pas-
sengers and 300 tons of freight for New York. She
leaves here on Wednesday. The Jason, belonging to
the earns company, is txpected here from New York on
Tuesday or Wednesday, and the steamer North Star,
with the United States' mails for Southampton and
Bremen, on Thursday.
THE SUNDAY BANDS 'IN THE PARES. —Yesterday
(Sunday) afternoon the " People's Band " again per-
formed in Regent's-park, in the presence of about 10,000
'Persons ; and at Victoria-park there were upwards of
15,400 present. The proceedings were carried out
with decorum, and the utmost order prevailed during
the performances, which were chiefly sacred music.