The Sun.
London, England, 1857-06-11 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

~~-

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
With a hardening tendency, and pric. s of Americans
Were id. per lb. dearer, but most of the other de-
scriptions were unaltered in value. The sales
amounted to 12,000 bales; 3,000 of which were
taken by the exporters, and 2,000 by the specula-
tors. The Railway Share Market closed quietly,
and prices are at a slight decline, compared with
Tuesday's rates.
The continued dearness of money, and the diffi-
culty found by weak firms in procuring accommo-
dation when employment for capital on first-rate
security is easily secured, occasionally lead to a
commercial failure, and during the current week
two or three small houses have succumbed. With
one exception, however, the aggregate amount in-
volved is not very serious, and the suspensions are
not traceable to any inherent unsoundness of trade,
but rather to past losses, or undue speculation.
Even those who exercise the greatest prudence
have in many cases suffered from the prolonged
stringency, and it is therefore hoped, that the
anticipations of an easier money market, now ee
confidently expressed, may prove correct. The
suspension was reported yesterday afternoon of
Messrs. Evans, Hoare, and Co., who were engaged
ati shippers of wines, spirits, to Australia. The
assets, which chiefly consist of these articles, yet to
be realised in the colony, are not considered likely
to represent a very satisfactory total, while the
liabilities are put down at 200,0001.
Active purchases of silver are being made on the
Continent for English houses, and it is probable
that the exports on the 20th will exceed the amount
originally estimated.
The Bank of England Directors have made no
alteration in the minimum rate of interest and dis-
count, and the opinion we formed yesterday, based
On the recent returns, has proved correct. That
an improvement will take place before long, is very
probable, but the reserve of notes is too low, and
the stock of other securities too large, to warrant
the authorities in resorting to any immediate
Measures of relief. An alteration in the rate
at Paris is spoken of, and, if this were effec-
ted, it would perhaps accelerate a movement
here. The demand for money is quieter, but
no reduction in the terms can be reported.
The market for English Stocks has exhibited a
very inactive appearance, and there is almost an
entire absence of business. During the earlier
Part of the day only two or three bargains were
recorded, but prices nevertheless keep very
firm, and the tendency is rather favourable.
Indeed it could hardly be otherwise, considering
the diminished inquiry for money, the sales of
gold to the Bank, and the prospect of favourable
returns from the Bank of France and the Bank of
England. Consols,- have been about 93 k all the
may. The New 3 per Cents. are 921 and the
Reduced 92i /. Exchequer Bills are 2s. dis., and
the Bonds are 98i India Bonds have been 3s.
discount.

Special Transfers of Consols have been effected
at 93.4 94i.
Foreign stocks are quiet, but at previous prices,
except in one or two cases where a slight advance
is quoted. Turkish 6 per cents. are firm at
and the 4 per cents. have risen to 10114. Pottu-
guese 3 per cents. are 46k.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6/ ; Mexsutn,
22 3;• Peruvian 41 per Cents., 75 7 ; ditto 3 per
Cents., 52 4; Portuguese 3 per Cents., 46 7;
Russian 5 per Cents., 108 10 ; ditto 41 per
Cents. 97 9 ; Spanish 3 per Cents., 414 21; ditto
New Deferred, 25i ; ditto Certificates, 6,1 ;
ditto Passive, 5/ 6.
The last week's railway receipts, ascertained up
to this day, are in round figures as under

Great Western
North-Western
Brighton
Midland
South-Eastern
Caledonian
Great Northern
Lancashire and Yorkshire
Lancaster and Carlisle
East Lancashire
Manchester, Sheffield, and Lincoln
North London
North StaTrrd
Oxford, Worcester, and Wolverh
Glasgow and South-Western
Edulburgb and Glasgow ......
Scottish North-Eastern
Grand Trunk of Canada
Great Western of Canada
Northern of France

1857.
£33,925
66,440
17,702
34,029
22,436
13,367
23,616
32,166
5,913
9,072
14,501
2,795
8,601
5,025
7,228
6,334
3,746
8,994
10,029
37,660

1856.
£32,473
63,954
14.392
28,649
20,700
12,039
21,956
22,512
5,513
6,574
9,438
2,465
7,056
3,429
6,123
5,909
3,626
5,248
10,496
34,551

The Railway Share Market this morning has
ruled rather quiet, but a slight improvement in
some of the principal lines may be quoted. Great
'Western advanced abbut ss. ; Caledonian ]Oa.,
Brighton 10s., and South-Eastern 10s. The other
lines dealt in brought about previous rates. The
Foreign and Colonial line 3 are quiet. Grand
Trunk of Canada have advanced ss. Great
Western of Canada declined ss. Dutch Rhenish,
Great Luxembourg, and Northern of France
are at former quotations. For Mining
Shares there was no inquiry, and quotations
are quite nominal.
Only two or three dealings were reported in
Joint-stock Bank Shares. London Joint-stock ire.-
Proved about ss. . .

- The miscellaneous undertakings are quiet, at
former values. Crystal Palace, however, may be
quoted a shade higher,

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( From_the Octal List;)
Business done.
!auk Stock
2 Per Cent. Reduced Annuities 92 i
.3,, Per Cent. Consols Annuities Shut 93i 4h with div.for mon
Volv 3 per Cent. Annuities 923 i
Loud Annuities, expire sth Jan. 1860 2 7-16
Lindh. Bonds, £lOOO
Consols for Account,
Exchequer Bills, 24d. I
£lOOO : .
5ma11....... • . 3 6 d 1
Ditto Bonds, 1858, i 4 per Cont,
Ditto, 1859
ICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Portuguese Bonds, 5 per Cent., Con. 1841 ----
Ditto 11353, 3 per Cent. 4SA
WArkiatt '.sonde, ti per cent —
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends GA the above payable in Lon,xn.
TWO O'CLOCK.
93 93h

Consols for account, July 9

Despatches have been received in Paris from Stock-
holm, annonncing that the health of the King of
Sweden continues to cause great uneasiness.
CONVICTION FOR FORGERY AT EDINBURGIL—On
Monday, at the High Court of Justiciary, Joseph Man-
ning Wilson sole partner in the firm of J. Wilson and
Go., shipbrokers and comminion agents in Leith, was
convicted of forging and uttering bills of exchange,
drawn principally upon foreign commercial houses, for
sums amounting together to between 2,0001. and 3,0001.
Be was sentenced to be transporied for life.

THE LATE SUSPECTED MURDER AT BlLSTON.—Yeater-
day (Tuesday) Philip Close wrs again brought up before
the magistrates at Bilston, charged with the murder of
Elizabeth Hopley. The witness George Powell was not
forthcoming, although a warrant for his apprehension
'was on Tuesday last issued by the coroner. The prisoner
was therefore remanded for another week.— Wolver-
hampton Chronicle.
BRUTAL MURDER.—A. barbarous murder was com-
mitted in Dundee on Saturday evening, the victim being
an old widow woman named Margaret Burnett or Quin,
and the murderer, a weaver, named Jamec Coyle. The
fellow en'ered the house of the deceased in a state of
drunkenness, and attempted to take indecent liberties
With her daughter. He met with strong resistance, and
during the fray he kicked the unfortunate woman, from
the effects o: which she died. Yesterday morning
Coyle was brought up before the police court, and for-
mally charged with assaulting Mrs. Cassidy. with mur-
dering Margaret Burnett, or Quin, and with assaulting
the policeman ; and, as a matter of course, he was at
once rc mitten fur prosecution before a higher court.
lilasgow Mail.
CIVIL SERVICE ESTIMATES.--Yesterday were published
the estimates for the year ending March 31, 1853, relat-
ing to education, science, and art ; and also the estimates
during the same period for the colonial, consular, and
other foreign services. By the former document it ap-
pears that the sum required for the purposes therein
stated is 1,000,3221 , being an increase, as compared
With 1856, of 123,335/. The chief items of this increase
are 90,0201, for public education in Great Britain, and
9,1801. for science and art ; 10,0001. for the British
Museum (establishment) 17,6711. for its buildings, and
6,9441. for purchases. There is also an excess of 5,5261.
or the National Gallery (including purchases of pictures).
By the latter document it is shown that for the set-
vices therein specified the sum of 382,2151. is required,
exhibitiatt an increase over the estimates for 1856 of
91/9601.