The Sun.
London, England, 1857-05-25 00:00:00

MONEY MARKET

COMMERCIAL INTELLIGENCE.
CITY, Two o'CLocx.
Letters from Liverpool state that the Cotton
Market on Saturday closed quietly but firmly,
and prices were unchanged for all descriptions.
The sales were 6,000 bales. The Railway Share
Market was dull, and prices were slightly easier.
The condition of trade in the manufacturing dis-
tricts of the North of England exhibits no symptoms
of improvement. The high prices of the raw mate-
/jai, combined with the dearness of money—two
unfavourable influences we have often had to re-
mark upon—check production and limit the demand
for consumption. It is stated that weaving esta-
blishments in Manchester and Salford are on
u "short time," and in many other districts the ex-
ample will be immediately followed, while in Preston
few of thelargest concerns are closed. This must have
an extremely prejudicial effect upon trade, and also
upon the social condition of the operatives. Fail-
ures are of frequent occurrence, three having been
announced last week, the principal of which was
that of Messrs. Wols'encroft and Co., of Middle-
") with liabilities of about 25,000/. At Hudders-
field Messrs. Hastings Brothers have stopped for
about 11,000/., and within the last few days Mr.
Walter Lodge, of the same place, has succumbed.
These
circumstances are
very irreconcileable with
the statements so freely propagated, especially by
L
Advocates of the Bank Charter Act, as to the
Roundness and prosperity of trade.
Notwithstanding the disappointment lately
the
by the augmented export demand for silver,
"ue general prospects of the Money Market are
not unfavourable, and it is sincerely hoped for the
sake of trade, and the prevention of commercial
railures, that they will soon afford some substantial
Proof of improvement. Any sudden change or
rapid amelioration cannot be anticipated, but as
the inquiry for discounts has abated, and there is
an absence of undue speculation in most depart-
ments, some
relaxation in the terms of discount
May soon take place. Extensive supplies of gold
and silver are en, route, and as a contradiction is
given to the rumours that the Bank of France
intends purchasing a large quantity of the
former, it is thought that a further addi
tion of strength' may be acquired by the Bank
of England, the weekly returns from which esta-
blishment show a steady and satisfactory improve-
Meat The general state of the weather exerts a
beneficial influence, and the progress of the silk and
cereal crops throughout Europe is of such an en•
couraging nature, that an average yield of all the
Principal staples is predicted. These circumstances
of course tend to promote confidence, but the ex-
perience -of the last few years has taught most
persons interested in monetary affairs not to
place too much faith in favourable indications,
because there are so many contingencies which may
at any time occur to prevent an anticipated amend-
tient,

The movement of the precious metals last week
was important. The imports were about 600,0001.,
and the exports 752,400/.
The steamer Africa, from the United Stafes,
brings a large amount of specie, viz., 1,534,5781.
About 3,6001. from the Peninsula is also announced
by the Indus, and 2,857/. from the same place by
the Alhambra.

At the adjourned meeting of the European Steam
Navigation Company, held to-day, the resolutions
of the last meeting were confirmed. R.W. Craw-
f°4l, Esq., M.P., took the chair. There being a
'vacancy for one director, Mr. Margetson was re-
commended to the board for that office. It was
statei that about 3,500 of the Preference Shares
had been taken already.
At the annual meeting this day of the Oriental
Bank Corporation, the report of the Directors,
Showing a net profit for the year of 163,3621., was
passed, and a dividend at the rate of 10 per cent.
per annum, together with a bonus of 2 per cent.
for the six months ending 31st of December last,
Was carried. A vote of thanks was passed to the
Directors.

At the commencement of business on the Stock
Exchange this morning more firmness was visible,
but the fact of 100,0001. in sovereigns having been
sent to the Brazils, and of 70,0001. to the Cape,
afterwards induced a few sales, and, as a con-
sequence, renewed weakness is apparent. Since iFO
then the Greeks have sold to some extent, 18
and the market is now very heavy. Busi-
ness is generally very dull, and the public show 2011
no disposition to invest. Consols have been 931 10000
for money, and 931 to 94 for account. They are
now 93i and 93;- respectively. The New Three 100
per Cents. are 921 1, and the Reduced 921. The E
March Exchequer Bills are 4s. to 6s. premium, and • 20
the Government broker has made a further pur- 20
chase of 30,0001. The Bonds are 98i to 99. 214
Bank Stock is 2131, and India ditto 220. st.
In the Foreign Market several transactions have in
taken place, and generally at previous prices. 100
Turkish 6 per Cents. have been 94.1 g, and they 20
are now 94 to 94i. The 4 per Cents. are marked st.
1011. Spanish 3 per Cents. are 411 ; and the 100
Deferred 25 ; Sardinian, 92 ; Mexican, 221, E
being lower ; Belgian 4i per Cents., 97, and the 4 20i
Per Cents., 97 to 97i. 201
100
The following are the nominal prices of Foreign too
Stocks :—Grenada Deferred Bonds, 617 ; Mexic tin, 100
221 i; Peruvian 41 per Cents., 77 78 ; ditto 3 per 100
Cents., 53 55 ; Portuguese 3 per Cents., 45i 61 ; 20
Russian 5 per Cants., 105 107 ; ditto 41 per 22,
Cents., 96 98 ; Spanish 3 per Cents., 41i ; ditto 20
Deferred, 251 ; ditto Certificates, 61 ; ditto
20
Passive, 5
The Railway Share Market has exhibited symp-
toms of improvement, and most of the leading lines
have been dealt in at a slight advance upon previous
quotations. Lancashire and Yorkshire, North-
Western, South-Western, North British, North-
Eastern, York, and South-Eastern, have advanced
5e.; Midland 7s. 6d. to 10s. ; and Caledonian,
Manchester, Sheffield, and Lincoln, and North-
, Eastern (Brrwick) 10s. The French and Canadian
lines are extremely quiet, at previous rates. Grand
Trunk of Canada, East Indian, and Paris and
Orleans were dealt in at former values. Namur
and Liege, and Sambre and Meuse were a shade
lower.

Mining Shares are in very limited request.
Great South Tolgus are dealt in at 19. North
Wheal Bassett 20k. Wheal Edward 51, and
United Mexican TA.
Joint-stock Bank Shares rule inactive, but at
rather firmer rates. London Joint Stock improved
ss. ; Ottoman Bank, ss. and Unity Mutual, 1/.
to 2/.
The Miscellaneous Market exhibits no variation
in prices, a very limited business havingbeendona.

BRITISH FUNDS THIS DAY AT ONE o'CLOCK.
(Iron' the Official List.)
Business done.
Rank Stock 2l3i
3 per Vent. Reduced Annuities
3 per Cent. Consols AtlnvlitieS sl3ss
New :3 per Cent. Annuities
India Stock
Censels for Account .....................
Exchequer Bills, 24d. March. I June.
£IOOO
Ditto Advertised ........................
Ditto Bonds, 1858 34 per Cent. .........
Ditto, 1859
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
brexican 3 per Cent 221
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent.
Ditto Account
Ditto 1856, 3 per Cent -
.Ditto Account 4si
Eardinian Bonds; 5 per Cent.
Spanish Bonds, 3 per Cent.
Ditto New Deferred, 3 per Ceti'
Turkish Bonds, 6 per cent
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in L inuon.
French Rentes, 4i per Cent.
Ditto 3 per Cent
69f. 25c. ex
Belgian, 2 per Cent., ex. 25 francs .....
Ditto 4i per Cent.. ex. 25 francs ... 97
Dutch Exchange, VI per Cent., 12 Guilders —.
Ditto 4 per Cent. Certificates 97
TWO O'CLOCK.
Consols, money
Ditto for aceount - 4

KENSINGTON GARDENS.—The band of the Royal
Horse Guards will commence to play in Kensington-
gardens, Hyde-park, on Tuesday next, and continue for
the season, weather percaitting, every Tuesday and
Friday.

121 10 Ambg. NoLtng. Bost.
& Eastn.
50 all Belfast & Ballymena
1.31 all Birmng. Wolverh.
dt
Stour Valley__ _
St. 101 Birkenhd. Lancsh.
di
Cheshire Junct
25 all Blackburn
25 all Blyth & Tyne original
£25 (iss. at £l5)
St. 100 Bristol & Exeter
St. 100 Caledonian.. .......
'A. 100 Chester & Holyhead
50 all Cork and Bandon
20 all Cork, Black. & Pass
20 all Cornwall
10 all Do. A
10 8 Do. B
50 45 Dublin&BelfastJum
25 all Dun. P. diAber.Junc
St. 100 East Anglian
20 all Eastern Cour Lies
St. 100 EasternUnion,A. stk
St. 100 Do., do. B. .......
25 82 Do. New A........•
25 176 East Kent
St. 100 East Lancashire
20 all East Suffolk
10 4 Do.
St. 100 Edinburgh & Glasgow
0 all I Edinb. and Peebles...
Ft. 100 lEclinb.Prth.diDundee
0 all I Forth and ClydeJunc.
St. 100 Furness . . ... . .... . .
St. 100 Glasgow ft S.Western
10 all ,Great N. of Scotlan d
St. 100 'Great Northern
St. ,100 Do., A. Stock
St. 'lOO IDo., B. Stock
St. 100 ,'Gt. Sth.&West.(lre.)
St. 100 I Grea t Western.
St. 100 IDo. Str.V.R. gua. St
12 all 'lrish South-Eastern.
5C , all ;Lancaster &Carlisle.
16i 145 Do., Thirds
16,-4 12 Do. New Thirds
St. 100 Lancash. &Yorkshire,
16 6 Do., do. F. £l6
3 • i Do.. Wst. Riding Un
20 all Do. Southport
1.16 all London & Blackwall,
St. 100 Lond.Bright. &S.Cst. I
St. 100 London N. Western,
20 all Do. Fifths
10 all Do. ,16/.5h.,M&8...0
1211 21 Do. Eighths
St. 1100 London & S.Weatern
25 I all Lndndrry.&Coleraine
25 all Lndndrry. di Ennisk.
St. 100 Manch.Shef.&Lineln.
10 1 Metropolitan
10 1 Do. J. L. Ricardo's
arrangement
100 Midland ........
100 Do. Birming. & Derby
all Midland G.West.(lr.)
all Do. Shares .........
all Newcastle &Carlisle..
all Newpt.Aberg.&Hrfd ,
9 Newry & Enniskillen,
all Newry, Warrenpoint
& Rostrevor
100 Norfolk... ......
I 32 Nor thn. Counties ITn
100 North British
100 North Devon, Rail. di
I Dock Stock
100 Do., A Stock .........
100 Do., B Stock .........
100 IN. Eastern Berwick
231D0. do. Extension
lqDo do. G.N.E.Purch.
all Do. Leeds
100 Do. York
100 North Loudon —••••••
3/.1 N. &S. Wstn., Hamp-
stead, and City Jn
17i 'North Staffordshire
all 'North Western
all N. &S. Westrn. June
100 Oxford Worcester di
Wolverhampton
16 Portsmouth
10 Rhymney
1O) Scottish Central ...
100 Scot. N.E.Abrdn. St
100 'Shropshire Union
4 iSitingbourne &Sheer
all South Devon
100 I South
all D. 41 per c. Shares:
t. 100 '
,South Wales
17 IS. Yorksh. River Dun
7 D 0...............
all Staines,Wok.,&Wok
all 'Stockton &
15 Do. do., 1854
3 I Do. do., 18N5
16 iiStockton & Hartlepl.
100 Taff Vale
100 IDo. Pref., No.
22 ;Thames Hay. D. &R.
all I Vale of Neath
all jWaterfd. & Kilkenny
all Waterford&Limerick
all West Cornwall
all West End of London
I and Crystal Palace..
all Do. A
all Do. B
all West London ..
all Do. First Class
all Do. Second Class
all Wmbledon &Croydon