The Sun.
London, England, 1857-05-28 00:00:00

MONEY MARKET

i LIM
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Letters from Liverpool mention that the Cotton
Market yesterday closed quietly, but steadily, and
Prices were unaltered. The sales were estimated
at 5,009 bales, 500 of which were taken on specu-
lation, and 500 for export. The Railway Share
Market closed with a dull appearance, but previous
prices were fully maintained.
Business in Mincing-lane, and in most other de-
partments of business, is gradually being con-
tracted, and the effects of dear money are becom-
ing more apparent. The Board of Trade Returns,
lately
published, exhibited an extension of com-
merce, but this is no proof of commensurate profits
having been realised. The frequent failures
that are announced in the manufacturing dis-
tricts give evidence of the embarrassments caused
by the high prices of the raw material, and the
difficulties experienced in obtaining discount ac-
commodation. _ _

The public sales of colinial wool, which com
Inenced on the 30th ult., terminate tomorrow.

No partizular change has taken place in tl-e mar-
ket for silver, but full prices are current. Buy,rs
are awaiting the receipt of advices from India and
China, via Trieste, which we expected to-day or
to-Morrow. If a futtherad.vance should be report-d,
the shipments ou the 4th will, no doubt, p•ove ex-
ceedingly large, and the demand would ih-n natur-
ally increase. Supplies are still received fr.un the
Continent, ab nit 40,0001. having been received
from Boulogne. It is, therefore, expected that a
Portion of the gold IWely imported from Australia
by the Istamboul, which arrived in town yesterday,
Will be rerni ted to the Continent, in payment for
this and other supplies.

The Bank of England directors at their "parlour
meeting" to-day, made no alteration in the terms
of discount, and no determination seems to have
been arrived at with regard to making advances on
stocks during the shutting of the transfer books for
consols. It was generally presumed that they
Would have msde some announcement on the
subject, but although no instructions have yet
been given, there can be no doubt that the au-
thorities will grant this accommodation. With
respect to the rate of discount, it was not supposed
any change would be reported, as there is an
active demand for accommodation at full rates in
most quarters, partly owing to the preparations
for' the 4th of the in ,nth, and partly also in c,,u-
Sequence of the settlements at the St ck Exchange.
When the obligations are discharged a period of
increased ease will probably ensue, and if the drain
of silver to the East should diminish, additional
relief will naturally be afforded.
The telegraphic despatch from Ttieste has just
arrived. The China exchanges are higher, but
those at Calcu'ta and Bombay are a shade lower.
The report of the directors of the loitian Bank
read to-day showe I a net profit of 9,6771. 10s. 6d.
on the years' transact ims, which was much beyond
the preceding years profits. This, added to the
former balance, made 16,9911. 9s. 4d., from which
two dividends at 5 per Cent. per annum being taken
left a balance of 9,4911. 9s. 4d. on Ist of Jan. 1857.
The report was adopted, the dividend being de-
clared previously.
The En4lish Stock Market is dull, but firm and
the alterations in the India and China ex-
change 3 have not yet exercised any effect upon
values. The public operate very cantiou,ly
11.11c1 the general appearance of the mat ket is, there-
fore, exceedingly dull. Consols fir transfer have
been 93i. 94i,
and 93-1 94, w-ile fir the account
Thehave b 'en almost stationary at 94 to 94k
o present quotations are 93 94 and 941 re-
aPectively. The New Threes are 921 at d the
Reduced 921 1. Bank Stock is 212/, and India
ditto 2211. The March Exchequer Bills have
risen to 6s. and 7s. premium, and the Adver-
tised" ditto, of which the Bank broker his bough,
to 30,000/, are 2s. to 4s. premium.
In Foreign Securities business is dull. Turkish
6 per Cents. have risen to 95i ; and the 4 p, r
Cents. are 1011 ; Mexican 3 per Cents. have risen
to 22 231-the clergy in the Republic having
Withdrawn their opposition. Dutch 2t per Cents.
are 65i ; and Spanish Threes, 44
The following are the nominal prices of Foreign
Stocks :-Greuada Deferred Bonds. 6t 7 ; Mexie
221 i; Peruvian 41 per Cents., 77 8 ; ditto 3 per
Cents., 531 511 ; Portuguese 3 per Cents., 45i 61;
Russian 5 per Cants., 107 109 ; dia.) 44 per Cents.,
67 99 ; Spanish 3 per Cents., 41k ; ditto De-
ferred, 25i ; ditto Certificates, 61 ; ditto Pas-
live, 5i I,
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1857. 1856.
Great Western £29,607 £27,221
North-Western
Brighton
Midland
South-Eastern
ealedonian
Great Northern
Lancashire and Yorkshire
Bristol and Exeter 6,165 6.319
Gkiester and Holyhead
least Lancashire 6.609 6,046
Lancaster and Carlisle
Manchester, Soeffield, and Lincoln 10,015 8.852
North Staff ird
North London
oXford Worcester, and Wolverh... 4,142 3,173
Wept
Hartlepool
ulster 1,423 1,290
and Ballymena
.cKlinburgb and Glasgow
Glasgowarid South-Western
Great Western of Canada.
Grand Trunk of Canada
Northern of France

In the Railway Share Market a very limited
amount of business was done. Prices, however,
showed a slightly upward tendency for some of the
principal undertakings. North-Westrrn and Mid-
land advanced ss. ; Manchester, Sheffi-Id, and Lin-
c°l") 7s. 6d. to 10s., and North-Eastern (Berwick)
1/., Lancashire and Yorkshire, and S vuth-Eastern,
were about ss. to 10s. lower. The French and
Canadian lines are inactive, and exhibit no mate-
rial variation in prices, Sambre and Meuse, how-
ever, have imp oved 10s. to 15s.

Mining Stares are at nominal values. No busi
tress of any importance being reported.

Joiut-stock Bauk Shares are mo.terateiy active.
London and County have advanced 5,., and
Ott .man B ink 10s. ; Cfnnmemal ..f London awl
Provincial of IM:int' realise former values.
In the Miscellan ous Snares, Canaila, Laud de-
clined 10s. Royal Mail Stead). and Peel River
realised former r:t::s.

BRITISH FUNDS THIS DAY AT ONE , I;Lt. v r„
( from the Oltieutt Ltd.}
Business done.
Bank Stock
3 per °ens. Keduced A.nnuitieb
3 per Gent Consols krinuitieb :;3,1 4i 4 3i
New 3 per Cent. Ann lilies 92:4
India Stock
Consols for X ce.s,i,,
Ez3hequer Bills, 20. March. I June.
£lO00.
Ditto Advertised 2 4 p !
Pftlor,s (Jr e4)ti,EICI-N FUNDS AT ONE O'CLOCK,
13razilian 5 per Cent. ... .....
Ditto 5 per Cent. (Rothschild's)
Ditto New, 1852, 44. per Cent.
Mexican .3 per Cent —
Ditto Account
Russian Bonds, 1822, 1: St., 5 per Cent
Ditto, 4i per Cent.
Sp,niih tionds, 3 per Cent.
Ditto Account
Ditto New Deferred, 3 per ten . -
Ditto Account 254
urkihti .'orris, 6 per cent 944
Ditto Account 9S-
A tittar aiteed, A per Cent. - -
Ditto Account lOll
en,. 3 -e above ava3l..- ::11.
batch Exchange, 2:I, per Cent., 12 Guilders 65:1;
I' W OO'CLOCK .
Consols, money
Ditto for account 94 94i

M. Francisco Travassos Valdez has been appointed by
the Portuguese Government arbitrator to the mixed
British and Portuguese Commission at the Cape of Good
dope for the adjudication of slave questions. M. Val-
dez has hitherto held a similar office at Angola, and is
favourably known in literary circles in Portugal as the
wr.ter of some able pr ,ductions on the slave trade,
where he was the first to draw attention the discov.-ries
of Dr. Livingstone in Africa, and to their probable effect
0,0 that abominable traffic. I\l. Valdez's father, Lieut.-
(Aeneral Count Bowfin), is well-known as the chief of
the staff of the late Dom Pedro, and as Prime Minister
to the late Queen of Portugal.