The Sun.
London, England, 1857-11-27 00:00:00

MARKET

y

OOMMERCIAL INTELLIGENCE.
Bhr.

CITY, Two o'CLocK.
The Liverpool Cotton Market yesterday closed 12i
heavily, and values were without any material 50
alteration. The sales were estimated at 3,000 131
bales, 500 of which were taken by the exporters,
and 300 by the speculators. The Railway Share St.
25
Market manifested a steady appearance, and prices
Slightly improved. za
Although the business transactions this week in st. '
Foreign and Ceknial Produce have been very mode-
rate, the quotations of most articles are getting 50
more settled, and the importers seem disinclined to 20
force sales at lower rates. All descriptions of su- 10
gar are steady, and there is more disposition on 10
the part of the trade to make purchases. Coffee is 25°5
firns, tea at public sale has been disposed of at a St.
Small advance, but rice is rather lower. In the
other staples, there is no particular alteration, but st.
the tone of business has improved, and if discount 25
- accommodation is obtainable upon easier terms, a 2sst.
steady improvement will no doubt take place. 20
Tallow is heavy, and the public sales of wool are la
proceeding with less animation. 0
No failures of importance were announced yes-
terday, and a quieter feeling prevails in conse- St.
t.
quence. If these disasters are henceforth of less St.
frequent occurrence confidence will soon become IA).
stronger, and although there is every reason to St
believe that several houses will succumb during st
st
the next month they are generally prepared for it.
At the same time gold is steadily flowing into'. the St,
134nk, the return to be issued to-night will, no
doubt, show a marked improvement, and the autho- 1(
rities will avail themselves of the earliest opportu-
laity to grant extended accommodation. It is desir- 1
able that they should not act precipitately, but as a
reduction of 1 per cent. in the minimumwould give 2
immense relief to all denominations of traders, they E
Will Tip doubt make the concession as soon as prac-
ticable. Specie is coming forward from Australia,
and before the end of the year the importations
Wilt probably represent a large total, the greater
Part, of which is likely to find its way into the
Threadneedle-street vaults, the requirements of ex-
ports being very moderate.
The Banks of France have taken the first step
towards a relaxation of the restrictive policy which
has been forced upon them. Bullion has rapidly
accumulated in their vaults, and the pressure for
discounts has diminished. The Council have there-
fore reduced the premium on gold to 5 per cent. per
'Mille, and the terms of discount are lowered from 8,
9, and 10 per cent. to 7,8, and 9, according to the date
Of the paper offered for discount. The council have
been actuated by a desire to give the mercantile
Pnblic the benefit of their improved position, and
the effect on trade will no doubt prove exceedingly
beneficial. •
About 30,0001. in gold, partly French and Rus-
lianovas taken into the Bank yesterday.
At, the last meeting of the Scinde Railway Com-
fanYS a postponement of the allotment of the shares
13. the Indus Steam Flotilla was agreed to by the
achairrnan, and a prospectus is now issued by which
the remaining shares are offered to the public, a
Preference, however, being given to such Scinde
Shareholders as may have been from absence
Or other causes unable to take advantage of
the option originally given, of having , one
Indtis Steam Flotilla share for every two Scinde
Railway shares. The capital required is 250,0001.,
in 201. shares, and the deposit is 11. per share. A
guaranteed rate of interest has been given by the
East India Company, viz., 5 per cent., being the
llama as that granted to the Scinde Railway Com-
pany, The undertaking is likely to result in a rapid cf.
development of the Indian trade, and not the
slightest doubt can be entertained of its success.
Local authorities not only approve of the project,
but Consider that it will be found highly remune-
rative. St
There has been a buoyant market for English 21
Securities, and the improvement which commenced
20
Yesterday has made further progress. Numerous 50
purchases have been effected for speculative pur- 20
Poses as well as for investment. These have been 10
Mprompted by the improved prospects of the Money
arket, and the recovery in the general position g
the
Bank of England. The measure adopted 20
dtile Bank of France has also tended to impart ad- 10
1"1_0nal firmness. Several operations have been made 20
the rise with the January account. Owing to 10
sales have in prices- during the last few days, some
uaN'S been made in realisation of profits, which
of
ill occasionally produced momentary symptoms 1142
reoi,,,alnase• Consuls have been 901 to 91 for 18
nowis and 90i to 91, ;for account. They are 18
jan ul to 91* for both. The quotation for 20i
"ti 817 Bis 911 -I. The New 3 per Cents. are 100
3narke 9i to 90, and also the Reduced. Bank 100
217: is 21.6 i to 216 ; and India ditto, 215 k to 100
cit 20
t*che ter Bills have risen to Bs. and is. dis- 20
tourit• The Bonds are 98. 20
tra4.nb_ out the usual amount of business has been 2,2 A
___o.3acted in the Foreign Stock market, and the
20
iitur t‘ttions are firmer. Turkish 6 per Cents., 88A ; st.
40°, 4 per Cents., 98i ; Spanish 3 per Cents., 120
cot& ditto New Deferred, 25 ; Brazilian 5 per 00
Cents
°Si ; Portuguese 3 per Cents., 431 A ; 100
n 6 per Cents., 1051 6 ; and Dutch 4 per 20
96a
st.
stoilk! following are the nominal prices of Foreign tee
'Ks :—Grenada Deferred Bonds, sto 6 ; Mexi- 20
18a Peruvian 4k per Cents., 75 76 ,• ditto 20
42 per Cents., —— ; Portuguese 3 per Cents., El
43i ; Russian 5 per Cents., 104 106 ; Ditto 4k 100
Per cents., 94 96 ; Spanish 3 per Cents., 401 41i,; 100
ditto New Deferred, 25k 100
Messrs. D. Bell, Son and Co., give the following 100
as the prices of American securities
20
GOVERNMENT SECURITIES.
20
Redeemable. Per Cent.
United States 6 per Cents. 1867-1868... 105 20
United States 6 per Cent. Bonds 1868...103 105 20
20
STATE SECURITIES.
Alabama 5 per Cent 2O
78 20
Maryland 5 per Cent. (Sterling Bonds) 7. 88 6 90 20
--
Massachusetts 5 per Cent. (Sterl. Bonds). 9. _
Mississippi 6 per Cent. Pl. Bk.
Bonds lB4l-1871... 40 42 _
‘,
aLiellssippi 5 per Cent. Union Bk. Bonds ... 20 2.1 10
Pennsylvania 5 per Cent. Stock
T°lllisylvania 5 per Cent. Bonds 1877... 75 76 5
Aflame° 6 per Cent. Bonds — 20
per Cent. Bonds 1886... 80 6
—gull% 5 per Cent. (Sterling Bonds) 1888... 79 81
LOANS OF CITIES. 2
Son" 4i Per Cent. Bonds 1883... 83 90 2
~.
real 6 per Cent. Bonds 1856-1865...
ziew Orleans 6 per Cent. Stock 1883...
Illinois c RAILROAD BONDS.
entral 7 per Cent. Ist Mortgage,
not cotible 1875... 75 75
Illinois
Central 6 per Cent 1875... 75 76
Illinois
tiondi Central 7 per Cent. FreelandiB6o..
75
76
Illinois Central (Shares), $3O paid 1.4 d 13 d
Michigan Central Bp. Cent., Convert 1860... 76 78
l:!tere has been an extremely buoyant market for
Ra
tivi, ay Shares this morning, most of the lead-
iiiguj:43ll" showing an improvement of fully 1 per
• North-Western advanced 10s. ; North-
"tern (Berwick) and South-Eastern, 15s ; and
Caledonian, Eastern Counties, Great Wes tern,
t and Yorkshire, Brighton, South- West-
ern, Manchester, Sheffield, and Lincoln, and North
-mitt:sll,l/. The French lines
are also at improved
• ratea.- Paris and Lyons advanced 15s. • and North-
: ern of France, lOs The Colpnial undertak-
-1:s have been activ. ely dealt in. East in-
mproved about 3/. ; Grand Trunk of
Canada, 21. ; Great Western a Canada, and Great
L.. Indian Peninsula, about 10s.
Mining Shares are quiet, at about former quo-
tatations.
~Joint-Stock Bank Shares are moderately dealt
in, and prices are firm. London Joint-Stock have
advanced 55., and Union of London 1/. ; London
Discount Company advanced about 10s.

25
25
50
St

BRITISH FUNDS
ih OCI4II /Agit
Business dote. ~ ,t-
THIS DAY AT ONE *YOLOoti.ve
(From
215 A 16
ihnk Stock
90 °P7 ' •env. Keduced Auntilti.i .....
M
i.yrt Or IF 4,13111.i1t If% ...... - • ...... 11. 01 i9O
xe , -.
.• .neo
.... ••• W./
''''
' Per Cent. Annuitie5...........
91 901
217 15)
on4ist atoek
.............
91
90i
ei4_"l4 Lot Account L lit,. ,
',T "]lief?. 940.
5 1 d
£lOOO . ' "
6 ,
ji.•......... ...
par
Preheque.r.l3;;”as..... '
pDitto, 1i59 n , 1858,3 i per
iticts
ow
1,... ..... . .... ... ................ ,
ONE O'CLOCK
- .OPEIGiN FUNDS All i
Brazteau 5 - ri .%.
per ,ent.
_ Ditto Account (Dee. 16)
98i
Portuguese Bonds, 5 per Cent., Con. 1841 ---
• _ Ditto 1853, 3 per Cent 433 i . :011;s:1-1 ;Wads, 1&22, *...• St., 5 per Cent losi 6
~lE,b kioi..(te, 3 per eent. .- 403
25
yr 12','tto New Deferred, 3 per Cent. -11ritim-. nib's, t ~,r cent.. B.Bs i i
Ditto Account (Dec. 16) BB4 :-1
1 i
Ditto uaranteed, 4 per Cent. . 9t4
Dividends on the above payable in London.
D 1/Utch Ex
~ ~ :inr. 2: per Cent., 12 Guilders
e. 4 par Cent. Certificates
TWO O'CLOCK.
91 -,3/4.
Conaolp, money
91i
Consols account (January)