The Sun.
London, England, 1857-09-28 00:00:00

IV
K E
. 641

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.

The Liverpool Cotton Market on Saturday was
°FrY quie, arid closed without any alteration in
Prices. The sales were estimated at 5,000 bales,
1)000 of whieh were taken on speculation. The
ltai!way Share Market was quiet, and prices were
a Shade lower than on Friday. •
Busneis in the textile manufacturing districts
continues quiet, and the American failures have
Occasioned some depression. The Staffordshire
iron trade remains steady.
The advices received this morning by the steamer
'Via, from New York, are decidedly more cheering
the panic and its effects having partially subsided.
The rates charged for discount accommodation were
8411 high, ranging from 15 to 30 per cent., accord-
ing to the chaiacter of the paper, but the banks
Were strengthening their position, and there was
every probability of an early return of confidence.
The "City Banks," in the last general return,
'hewed a reduction in the amount of outstanding
bans and discounts of about 450,0001., and there
Was an increase in the specie to the extent of
'early 400,0001.
The money market remains in a very steady
Position, and notwithstanding the approach of the
4th of the mouth when, as usual, heavy payments
tti commercial" account have to be made, there is no
tacrease of pressure, and at the current charge of
per cent. the best [description of bills are easily
tegociated. There is
,a good supply, as the liberal
aquas offered by the banks and discount brokers
114 deposits bring a large amount of capital into
circulation. The activity of trade, as demonstrated
by the official returns issued on Saturday, will
:/Plain why the inquiry is so continuous,
aer although the Indian mutiny and the de-
Pression in the United States may affect
certain. departments, others improve and thus full
Nployment is found for available means, and an
'ecumulation, which would result in lower terms,
13 Prevented. This high prices of the raw materials,
itich as cotton, wool, and silk, also lead to a greater
absorption of cash, but all things considered, the
ktodition of our commerce with all parts of the
World,
is an unqualified source of congratulation.
14, en 5i per cent. as the minimum had been esta-
blished some months, people began to talk of financial
lad commercial distress, failures in rapid succession
Were predicted, and increased restrictions were
bald to be imminent ; but owing to the pru-
`4 a6ot policy pursued by manufacturers, retailers,
porters, &c., these adverse contingencies have
t only been averted, but trade continues
10 nd, and little comp
restive
is made about unremu-
7rative profits. During the next few days
applii.eations for discounts will no doubt become
mfte numerous, because preparations for the ship-
'4eiit of silver on the 4th, as well as the bills falling
11408 at the, same time, will be in progress, but each-
* nal stringency is not generally apprehended.
sALast w eek the imports of specie were about
and the exports, 803,7291.
About 246,000/. in Australian gold has been re-
ived to-day, viz., 45,0001. by the Nourmahul
°rri 'Nev South Wales, and 200,7841. by the
True Briton from Victoria.
The meeting of the London and Virginia Gold
Qing Company, appointed for to day, was again
"Journed ila consequence of the report not having
4trived.
LThe English Funds at the commencement of
"aminess: this morning :presented a dull but steady
4Aearance.Soon afterwards, a large sale of money
ek was made and a slight decline ensued, and
:I'ce then it has been rumoured that unfavourable
:WS from India has been received and the Funds
riow nearly g par cent. lower than on Saturday.
'Nhing definite has yet transpired, but official in-
470i.ation is looked for every moment. At pre-
k'xt) the various statements circulated in Stock
14 change circles are all more or less doubted, but
the mail is due, it is generally believed that the
°w ernment have received their telegraphic COM-
'44llication. Consols for money from 90 to 90L,
Gape receded to 89i for money, while for the ac-
-1411.t, thay Lax,. wooed.," -bo eo ; Exchequer
1 are 10s, to 63. discount, andthe Bonds are 98k.
usiness in the Foreign Stork market is very
:active and 'prices are flat. Mexican have de-
'aced to 21i a. Spanish are 401, and Turkish 6
a'r Cents. realised at one time 941 95, but are now
heted 941
1-
The following are the nominal prices of Foreign
ocks :—Grenada Deferred Bonds, 5i 6 ;
'2li ; Peruvian 4i per Cents., 78i 79i ;
to 3 per Cents., 55 56 ; Portuguese 3 per Cents.,
t
45i ; Russian 5 per Cents., 109 111 ; ditto
Per Cents., 97 99 ; Spanish 3 per Cents., 40i ;
ditto Deferred, 25, ; ditto Certificates, 51 6 ;
'4o'Passire, 516.

The Railway Share Market has been very in-
44'tive, and prices exhibit a further downward ten-
-I,e4cy. Caledonians have receded ss. Edinburgh,
Leith, and Dundee, ss. Great Northern, 10s.
luca.shire and Yorkshire ss. Midland ss. North-
br•stern, Berwick 55., and North-Eastern, York 10s.
he Foreign undertaking 4, are neglected. Great
''lixembourg, Lombardo-Venetian, and Sambre
44(1 Meuse realised former values. In the Colonial
1.
I,.t'eti prices were rather lower. East Indian de-
t.ttled 15s. and Grand Trunk of Canada, 10s.
Great Western of Canada were dealt in at 24, and
-0 New Shares at 10i.

Mining shares ate quiet, at previous values.

Joint Stock Bank and Miscellaneous Shares are
.Lkeeedingly quiet. Bank of Australasia, Bank of
'4gYpt, and London and County, were dealt in at
Saturday's rates.

The Miscellaneous Shares are inactive, Na-
',lona' Discount Company are a shade flatter, but
t?lidon General Omnibus Company and Roya]
'ail Steam, maintain their values.

'4SItITISH FUNDS THIS DAY AT ONE O'CLOCK.
( From the Offinal List:)
Business dore.
n_Ver Cent. Consols Annuities 9O 1 893 90
rot Account,
theciner Bills, 2&.d
£lOOO .
150 t,
Sir,"
Illchequer Bowls; 1858, 34 per Cent 9el
PACES OF FOREIGN FUNDS AT ONE O'CLOCK

kotican 3 per Cent 2ls
Ibolds,per Cent.
`l4-IKiSti Bonds, E p‘te cent.... 94i- 5
Dividends on the above payable in London.
TWO O'CLOCK,
Consols, money B9/
Consols account B9i 90

LIVERPOOL, Sept. 26.—The British and North
Atnerican Royal Mail steamship Niagara, Wyckman
c,inroander; departed hence at noon to-day for Boston,
Halifax, with the usual mails and 164 passengers.
"a. Wednesday next the United States' mail steamship
Atlantic, Oliver Eldridge commander, will sail hence
40r New York with the mails, &e.

STATUE OF DE. BARROW.—The Marquis of Lans-
downe has given a commission to Mr. Noble, of Bru-
ton-street, for a statue of the celebrated divine and
theologian Dr. Barrow, to be placed in the ante-chapel
of Trinity College, Cambridge, of which the doc:,or was
master. It is intended to be a companion to the statues
'4 Bacon aid Newton, which are erected there. The
tniodel of the statue, which will be in Carrara marble, is
it'ready nearly completed by the artist.
SERIOUS GIG ACCIDENT.-013 Friday a serious acci-
dent occurred near the end of the Londor-road, South-
bark, to Mr. Thomas Devaney, of Granle Cottage,
Xenilington, who was driving a light stanhope to his
offices in the City, when the horse took fright and be•
came unmanageable. The stanhopp came in collision
with a laden coal-waggon, when the concussion threw
lir. Devaney on his head, and he sustained a fracture
of the skull and a, dislocation of the collar-bone.
The Milan Gazette states that on the 19th the
tkin, of the Belgians met the Archduke Maximilian

kid Archduchess Charlotte at arm°, and after- I
Vards proceeded with them to MOT;Zi.
, On the first day of the fctes at Brussels, a dis-
'lljtkuticli of medals to persons who had distinguished
themselves by acts of devotednesss was made, the
uko and Duchess de Brabant being present at it.
*l-11 the evening a grand military retreat was exe-
cuted in the park by all the drummers and trum-
11"ers of the garrison. Yesterday, as part of the
ejoieings, a number of societies of musicians,
rhers, ca.rbineers, crossbowmen, &c., 'arrived, at
rilssels from various towns and villages, and were
PP•ssed in review by the Duke de Brabant, after
'which they made a grand procwsiou through the
thr‘ncipal street.