The Sun.
London, England, 1857-02-27 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The Liverpool Cotton Market yesterday clo3ed
very quietly, but very firmly, and prices of all
kinds were at the full rates current last week.

The sales were estimated at 6,000 bales. In th 3
Railway Share Market business was active, and
pi ices were steady, with a large amount of sales.
The first series of Colonial Wool Sales this year
commenced yesterday afternoon, and the attend-
ance of both home and foreign buyers was very
large. Owing to the steady advance which has
lately taken place in all descriptions, considerable
interest was felt in the proceedings, and the
biddings for the quantity offered were spirited. An
advance of 2d. per lb. on Cape wool, and 3d. per
lb. on Australian, was at once established, and it is
fully anticipated that this improvement will be
steadily supported. During the series it is expected
that about 34,496 bales will be offered, consisting
of 6,151 Sydney, 7,837 Victoria, 816 Tasmania,
469 Adelaide, 77 Swan River, 16,939 Cape of Ge.d
Hope, and 2,207 East India and China.
During the last week the business transacted in
foreign and colonial produce has not been very ac-
tive, but prices have generally been maintained.
Sugar has ruled steady, but the quantity disposed
of by public auc'ion has been very small. Some
descriptions of West India were yesterday disposed
of at a slight decline. Coffee has been in good re-
quest, especially the coloury sorts, which have
realised higher rates. Cocoa has been steady, and
tea, which was rather flatter early in the week, has
since ruled firmer. Rice has been firm at full

values, and moderate purchases have been effected.
For spices there has not been much inquiry. Salt-
petre and cochineal have been steady, and tallow
is at a slight improvement.
The Bank of France has at length made a move
in a favourable direction, and there is now reason
to believe that a steady recovery in monetary affairs
will be experienced. At their sitting yesterday the
directors agreed to negotiate commercial bills
of 90 days' date, the limit having previously
been 75 days. The measure was
_pretty gene-
rally anticipated, but at the same time it is
one of great importance, inasmuch as it proves
a diminution of monetary pressure, and leads
to the presumption that a reduction in the
terms of discount will soon follow, if no unfavour-
able events occur to reproduce stringency. Already
there is a disposition to enter into speculation, and
the commercial interests are looking forward with
increased confidence to the future. About 15,000/.
in gold was withdrawn from the Bank yesterday
for transmission to the continent. The steamer.
Tagus, which leaves to-day for Cadiz, takes out
55,0001. in bar gold.
At the meeting of the Norfolk Railway Company
to-day a dividend at the rate of 4 per cent, on the
ordinary stock was declared.
The meeting of the Newport, Abergavenny, and
Hereford Railway Company was held to-day, when
the guaranteed dividends of 5 and 6 per cent. were
declared, and a considerable balance taken over to
next account.
The meeting of the South Yorkshire was also
held. The revenue was satisfactory, and after par
ing the guaranteed dividends a surplus remained
more than suffic'ent for paying 4 per cent. per
an-
num on the ordinary stock of the company.
The meeting of the East Kent Railway has just
taken place ; Lord. Sondes in the chair. The report
stated that the works were progressing satisfactorily.
The accounts showed a balance of about 13,8901.
in the bands of the company.
There has been no movement of importance in
the English Stock Market to- ay, but the quota-
tions are rather heavy. The preparations for the
settlement no doubt check fresh purchases, while
the dearness of money likewise exercises a depress-
ing influence. Consols have been 931 4 and 93i
for money, 93l 94 and 931 4 for the sth proximo,
and 94 4 for April account. The New 3 per
Cents. have been dealt in at 94i I, the Reduced
at 931 to 94i, and the New 24 per Cents. at rr•
Exchequer Bills are par, the Bonds 985, and India
Bonds under 1,0001. 2s. discount topic
Foreign Securities remain very quiet, and some
of the quotations are rather flat. Turkish 6 pet
Cents. have been 951 to 96 for money, and 964
for account, while the 4 per Cents. rule firm al
101. i. Spanish Certificates have been 6i, porta'.
guese 3 per Cents. 454, Russian 5 per Cents. 110.
and Dutch 25 per Cents. 65. Peruvian 44 Pet
Cents. are marked 805, and Guatemala Bonds 613.
The following are the nominal prices of Foreign
Stooks :—Grenada Deferred Bonds. 64 f •,
can, 21i 22 Peruvian, 80 82 ; Ditto Three pet
Cents., 55 57 ; Portuguese 3 per. Cents., 44 46
Russian o per Cents., 109 111 ; ditto 45 per Cents.,
97 99; Spanish 3 per Cents., 4 ditto Deferred,
; ditto Certificates, 6a j ; ditto Passive,
556. - - -

The position of the market for American Secu-
rities is thus noticed by Messrs. D. Bell, Son, and
Co. :—" There has been but little activity in the
market for American Securities during the WS
week, and prices are without material change, with
the exception of Illinois Central Bonds and Sharer
which have further improved" :
GOVERNMENT SECURITIES.
Redeemable. Per COIL
United States 6 per Cents. 1867-18168-105 105
United States 6 per Cent. Bonds 1868...105 105
STATE SECURITIES.
Maryland 5 per Cent. (Sterling Bonds)... 89 91
Massachusetts 5 per Cent. (Sterl. Bonds). ...101 105
Mississippi 6 per Cent. Pl. Bk.
Bonds
Mississippi 5 per Cent. Union Bk Bonds 16 18
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds ....1877... 80 81
Tennessee 6 per Cent. Bonds
Virginia 6 per Cent. Bonds 1886... 83 84
Virginia 3 per Cent. (Sterling Bonds) 1888... 84 g
LOANS OF CITIES.

ilontreal 6 per Cent. Bonds 1856-1865... 82 84
New Orleans 6 per Cent. Stock
RAILROAD BONDS.
Illinois Central 7 per Cent. let Mortgage,
not Convertible 1875... 90i 91
Illinois Central 6 per Cent 1875... 87 89
Illinois Central 7 per Cent. Freeland
Bonds 1860...108 noxa
Illinois Central (Shares), $25 paid 32 34 P
Michigan Central 8 p. Cent., Convert 1860...
Do: do. do. ... 3869... 9 t 90?'"
New York Central 7p. Cent., Convert 1864... 93 95
New York Central 6 per Cent., not
Convertible 1883... 80 82
New York and Erie 7 per Cent. 3d Mort-
gage lBB3— 85 81%61
N. York and Erie 7p. Cent. Convertible 1862... 80 82
N. York and Erie 7 per Cent. Sinking
Fund 1875... 83 85
Panama 7 per Cent., let Mortgage 1865... 93
Pennsylvania Central 6p. Cent.,, Ist Mort 1880... 89 90
The Railway Share Market has been depressedi
and a slight decline in the quotations of most of till
leading lines bas taken place. Caledonian recede"
ss. to 10s., Great Northern about 10s., Lancashire
and Yorkshire 55., North-Western 10s,, Mancha;
ter, Sheffield, and Lincoln ss. Midland 155., and
Oxford, Worcester, and Wolverhampton °el
Grand Trunk of Canada advanced 10s., and Gros:
Western of Canada ss. Paris and Lyons recede'.
55., Lombardo-Venetian 55., Dutch Rhenish 50.1
and Great Luxembourg, ss.
No business of any importance has been done
in British, Foreign, or Colonial Mining Shares.
Joint Stock Bank Shares have been at stela,:
rates. Bank of Egypt advanced ss. ; Oriental
Bank, ss.
In Miscellaneous Shares the transactions hay.
been unimportant. North of Europe Steam, how'
over, have recovered to 13i ; the late reports re'
lating to this undertaking having been unfounded'

duT2OBIS :i
AY'
(From (lie Offiosal Litt:) Bustniss
BRITISH FUNDS.—CLOSING PRICES—
-94 1 31
31,ber Cent. Consols Anniptles Ni I 1 Ai/unities
I! ts - kpnekt Set oe
Cent.
i {.
e. .L.(.;
e. ;I. .A. .n.
ii. .
n. .i .t., .............. . .. . . .
New 3 per Cent.
ities
Loag Annuities, sxrdr? Stn
sth April, 18EIr lBi i
Ditto 30 Years, expire
India Bonds. .ClOOO .......... ...........
New 24 per Cent. Annt,i_,
Jan.
1860. L'T
Ditto, under £lOOO 2 d par
Consols for Account
Fachorier BOA 2id•
ElOOO .......... ...... ....... .............. . par
8600 . ................................ ... ...... 4 p pat
o=ll. ...-
...................... 4 p par
Ditto Advertised .......... par 2 p
Ditto Bonds. 1858. 31 per Cent.............. bgi t
PRICES OF FOREIGN FUNDS—THIS DAY.
Danish Bonds, 3 pei Cent., 1805 B5
Ditto 5 per Cent. ......
Guatemala Bonds, 5 per Cent . *
Peruvian Bonds 44 per Cent
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent
Russian Bonds, 1822, 1: St , 5 per Cent llO
Ditto, 44 per Cent. * 9B 4
12 Rpani. Bonds, 3 per Cent.
Turkish
Spanish Committee Cert. of Coup. nut fun 6l V
Bondi, 6 pox cent 961
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Venezuela Bonds, 41 per Cent
Dividends on the above payable In Londcn.
Dutch Exchange, 24 per Cent., 12 Guil 65
Ditto 4 per Cont. Certificates
93a I
Consols, money
93
Ditto, Account (March 5 IHBEE O'CLOCK.

DISCOVERY OP COAL IN THE PHILIPPINE ISLES..--44:
notice appars in some of the newspapers to the sfico:
that, by advices from Manilla, a rich coal-mine of ezcov
lent quality bad been discovered in the province of i;
bogney, which it was expected would 'rove a BOUTOO
wealth in connection with the steam navigation (:)f Oct
Indian and China Seas.