The Sun.
London, England, 1857-05-13 00:00:00

ONEY MARKET!

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Lettora from Liverpool mention that the Cotton
Market yesterday closed firmly. Prices of Amei i-
e./tits were extreme. All other descriptions were
unaltered in value. The sales were estimated at
6,000 bales. The Railway Share Market cksed
steadily, but there was only a limited business
transacted.
The public sale of indigo commenced yesterday
under rather unfavourable circumstances. The at-
tendance of buyers was limited, and the biddinga
wore made with great caution. Some parcels were
withdrawn, as previous prices were not offered, and
quantity of old goods was disposed of at a decline
°1 4d. per lb. Subsequently the reduction in
values was increased to 4d. and Gd. per lb. For
the new imports of Bengal there was a better en-
quiry, but at a fall of 3d. per lb. Good
ICurpahs realised February rates to 2d. de-
cline, and ordinary and Madras receded 3d. to Gd.
The condition of the Parisian money market con-
tinues very stringent, and considerable attention is
therefore paid by all classes to the negotiations in
Progress for augmenting the power of the Bank of
France. We have already published the terms
uPon which it is believed this gigantic opera-
tion will be carried out ; but some moditi-
seati°,n3 may yet be introduced in order to
render it more popular. The full rate of
Per emit is still charged for discounts, and a re-
duction is not expected for some time. The con-
!Nuance is that trade remains dull, and the Bourse '
is depressed. During the last week the stock of
coin and bullion in the Bank has declined seven
nlillions of francs ; but, as arrivals were expected,
the monthly balance-sheet, to be published on
Thursday, may not show a very material alte-
ration.
Although an easier feeling is apparent in the
iteneY market, and the supply is temporarily abun-
ut, the public must not be deluded into the be-
lief that a sudden change from scarcity to plethora,
Uri from high to low rates, is about to be
3noed. Indeed, if any improvement is approach-
ing, it must of necessity be verygradual, and a par-
tial relapse will no doubt occur whenever a revived
demand springs up. To-day there is a good inquiry,
and perhaps some increase of pressure ; but it does
not emanate from the commercial. public, but from
those engaged in specie operations, large purchases
Of silver being made for transmission to India and
China on the 20th. At first it was sup -
Posed the vessel which will then be despatched
Would not take out more than 30C,0001.,
but a larger remittance is now expected. Mode
fate supplies were coming from the Continent,
about 30,0001. being received yesterday, but these
transactions are very small compared with those
lately concluded.
The Foreign Exchanges were firmer yesterday
afternoon.
About 75,0001. of.the gold from America by the
steamer Arabia has been sold t ) the Bank, and as
'steady remittances from the United States are ex-
pected, this appropriation has given satisfaction to
those interested in an improvement in financial
affairs.

A supply of about 106,000/. in specie has ar-
'wed to-d,y from Africa, America, and the Brazils.
At the annual meeting (this day), of the "Legal
id Commercial Life ALLITatIC,3 W".
C.
tenning, Esq., in the chair, a satisfactory report
as read by te actuary and secretary of the insti-
:ti°ll. The quiet and gradual progress of tha
S°e; ietY, under all circumstance 4, was a source
gratification to the policy—as well as
1/4archolders. The premiums received in the
(.113ast year were 18,9291., and the loss by
h`t oath, 9,020/., whilst it was only 4,0001. in the
re'vinua year. Still the two (13,0001.) were said
be under the average calculation for two years,
:nd caused for that reason no alarm. The society
033 conducted with every degree of economy, and
to of the profits the directors now set aside 7,000/.
44,
- le reserve fund, and made a dividend of 5 per
ce
nt• Per annum to the shareholders. A cordial
°te Of thanks was passed to the directors, and Mr.
araell, the actuary and secretary of the society.
The English funds have undergone no particular
hariation, as business is dull, and monetary and
t now
influences remain as before. A high point
nia aw been attained, and unless a further favour-
le movement in the money market takes place,
13 not likely that prices will go much higher.
Co
~,, `
1" ?sula have been 93i 941, and 93.4- 94 for money,
942- for account. The New 3 per Cents. are
tilt • the Reduced, 924 ; the March Exchequer
alki
Bthe par to 3s.
i 3 em. ; the June do., l prem. ;
and India stock 220:- Bonds, 985'2 Bank stock is 21 2to 214 ;
Foreign Socks have given rise to few operations
tins morning, but some of the rincipal invest-
ments were dearer. Turkish 6 principal invest- -
euts were dearer. Turkish 6 par Cents. have L-t
been 1.
93i 94k, and they are 941 z for the next ac-
count. The 4 per Cents., 100.1 Russian 5 per
4eents. 1054 to 106,•and the 45 per Cents. 96 .
3Xican are 23 and Dutch 4 per Cents. 973.
4 l
The following are the nominal prices of Foreign„
94)7e„ir,3:—Grenada Deferred Bonds, 7 ;
; Peruvian 41 per Cents., 77 78 ; ditto 3 per
11-,,,`"•3 54 55 ; Portuguese 3 per Cents., 45 46 ;
e,„ian 5 per Cants., 104 106 ; ditto per
10.'s• 97 97 ,• •_.'panish 3 per Cents., 41:1 2 ; ditto
-,..,saerred, 25, ;
ditto Certificates, 61 ; ditto
-a&i'Ve 4 t 2
The • •
tO,O Railway Share Market has exhibited symp-
-110:8:::::aprovement, and prices generally are
ace-olng upwards, now that the settlement of the
nearly completed. Caledonian rose
ii; North Western, 15s. ; Eastern Counties, ss. ;
elrileashire and Yorkshire, ss. ; Oxford, Worcss-
and- Wolverhampton, 10s. ; South-Eastern,
dial' and Norfolk, 1/. The Foreign and Colo-
Ice 'undertakings ruled very quiet ; and the
Weallell lines were not dealt in. Great
than of Canada improved about ss. ; East In-
gr.,?ld Great Luxembourg were at steady rates.
Libite"Pb, Foreign, and Colonial Mining Shares ex-
joi" no change of importance.
Lomat Stock Bank Shares were almost neglected ;
111);011 °II and Westmin-ter declined about 55., and
of, _
In al London ss.
report e Miscellaneous Shares the only business
Qeoered has been in Crystal Palice and London
es.
rat al Omnibus Company, at about previous

liar!,
-4'Bll FUNDS.—CLOSING PRICES—THIS DAY.
(.From the Officzal List;)
83.41,
Business done.
4 'l/4 Stock
212:i 12 11
Per
3 I,er Cent, Reduced a.nnuitie,i
14,/,
~,ent. gonsol3 A.nnnities 934 -ti 34
to '''' ', Per Cent. Ann.uities
4,, A
"21 if
hie ',nullities ,expire stu Jan. 1850 .. 2 7-16
00414 Stock ' • . 220
_ ,ola
for
Ascc;ntii ........................
94 i i a
4(0110p:ter 13111 s, ltd. March. I June.
COOO
...... par 3 pi Ipld
tstlo
1 p
3ius.ll
ip . ....... ... ..... . . . ..,
..._
,s,lto Bonds, 1853, 3)1 per Cant. .... ..... ---
.oitto, 1,359
..................... 984 i
it .11. ICES OF FOREIGN FUNDS—THIS DAY.
Olean 3 per Cent
23
',fission Bonds, 1822, I; St., 5 per Cent._ 1051 6
~, bitto, 44 per Cent.
96i 7
''Phuish Bekds, 3 per Cent.
ti hittc Few Deferred, 3 per t%eu
t!kuisli Committee Cert. of Coup.. not fun 6,-f i 3 -Arkio-, Bonds, 6 par cent . 931 i 4i [i
Dbitto for account 94,f a 5
itto Guaranteed, 4 per Cent.
.A.ccount
bbf. Divoenda on the above `..,1111. in London.
3el! Exchange, 2.21 per Con', 12 Guilders
,Lo 4 per Cent. certificates
0°13411s:318A,
etoinmeyt
(June 4) THREE O'CLOCK.
94 k
943 ti

prlt le confidently asserted in some quarters that the
appointt Solicitor-General has actually resigned his
inent.
~ tint ~,
4k1kt1i,..„ REPRESENTATION OE EAST. NORFOLK.—On
°7'43' the heads of the Conservative i)artyinEl,9l
tak.'nitt held a meeting in Norwich for thet purposee_eat. of
It
W4,11,,R some steps to retrieve their recend f V.uetertnin:!d to revive the Conservative
.. Registration
eniZeertYi vv.hich formerly exited in the division, and a
1/a4 Ptl°4 being entered into for this purpose, ectoptly collected. 2001.
last 11' COBDEN AND THE BALLOT SOCIETY.—At the
redTeeting of the Executive Committee a letter was
411 re, rn4,l Mr. Cobden to Mr. Thomas grout, the trea-
. enclosing his annual subscription of 101., in. which
e;,49:')bdeh said :—" Now is the time for agitating your
~lueetioo'
Mr. Grote was accustomed to say he was
likjB Well supported in the first session of a new Par-
freahent, for that then the wounds of the electors were
Yell vp,nid green from the electoral battle-field. I hope
in ii 4-111" he able to set up branch societies, and to gather
kr.
,_scriptions all over the country. lam sure you,
goat ere,
and Mr. Wickham, and the rest of the
Rtatit"' have done your duty and are entitled to the
Iltatil(le nf the Country," lts th °le Corn:incr.—On the evening of Thursday last,
:1, hi: BOn,of Captain Alikn was sculling a boat from
". ' .11 -1-1 R • h bour the boat became un-
i,?ci me egis ar, , .
ontia, ' and be fell overboard into deep watr.
id.A
Otg,, named Thomas Reddie, son of Mr. Re( le,
titeemi•st and composer, who was in another boat at the
ar,d nrimediately jumped into the water, dived twice,
Pet,ollen,ceded in bringing Allen to the surface. Some
Ile w-:9111 another boat held out an oar to Reddie, as
41:41 bL6kwirnnlicy. to shore with his rescued companion,
des
—u Were thus safely landed. The youth's coura-
liciet4l3:cutuctbweraoß f witnessedperson and
applauded by a con-