The Sun.
London, England, 1857-04-07 00:00:00

MONEY MARK:
17.1

AND
COMMERCIAL INTELLIGENOT.

CITY, Two o'CLocK.

Letters from Liverpool mention that the CAton
Market yesterday cloed quietly, and there was no
material alteration in prices. The sales amounted
to 6,000 bales, 1,000 of which were taken by till
exporters. The Railway Share Market manife3ed
an active appearance, and previous prices were fully
maintained.

The Foreign and Colonial Produce Markets, this
week, have opened with rather a dull appearance.
The alteration in the minimum rate of discount
having increased the caution previously exhibited
on the part of buyers, very little alteration has
occurred in prices, and as the sales advertised are
not very heavy, they may be maintained with
tolerable firmness. Tea is quiet, but a consider-
able amount has been paid to the Custom-home,
consequent upon the new duties which took effect
Yesterday.
The advices from the United States, by the
steamer Atlantic, give evidence of the increasing
stringency
of the New York Money-Market. The
City Banks' return, published for the week ending
the 21st ult., when compared with the previous
statements, showed an increase in the loans and
discounts of
$197,703, the total being now
$113,448,692. In a few weeks, it was expected
the foreign trade would, as usual, increase, and a
contraction of engagements on the part of these
establishments would have to be adopted. The
Bank of Newcastle, at Pittsburgh, had suspended
Payment, and it was discovered that there were
only four dollars in the establishment to redeem
notes amounting, to $lOO,OOO.
The annual meeting of the Governor and Com-
pany of Copper Miners in England has been held
to-day; Sir J. H. Pelly, Bart., in the chair. The ac-
counts were made up to the 28th of last month, and
showed a net profit in the year's operations of
31,9411. 16s. 4d., and for four weeks less than
usual. A dividend of 7,12- per cent. on the pre-
ference shares, and 3 per cent. on the ordinary
shares for the past year was declared, free of income
tax, and a vote of thanks was passed to the governor
And company.
The half-yearly meeting of the Recife and San
Francisco Railway Company has this day been held,
Vlr: Benson in the chair.
The accounts showed a balance at interest in
London of 115,000!., and in Brazil of 16,755/.
After some explanation from the Chairman, and
a statement from Mr. Kennard (one of the direc-
tors) that he was not interested in the contract of
Mr. Furness, the report was adopted.
_ _ .

The Bank of England authorities intimated at a
late hour yesterday afternoon that their rate for
advances on stock would in future be 7 instead of
61 Per cent., and also that this kind of accommoda-
tion would be limited to 7 days. It is almost un-
necessary to say that this announcement caused
some surprise, and the authorities have been justly
blamed for not baying announced the alteration at
a more seasonable time. The course pursued
has been much canvassed, and among the
speculators in the Funds it has been gene-
rally condemned. The authorities, however,
have no doubt been actuated by a desire to assist
commercial operations more than those of a specu-
lative character. The vast extent of our trade, in
addition to the other demands upon the floating
capital of the country, necessitate caution; and it
Would perhaps be advisable for the Bank " parlour"
to take into consideration the propriety of sus-
Pending loans on stock altogether. By this
means the trading interest might be greatly
assisted.
to-day The general inquiry for discounts
is very active, and it is not at all improbable
that the official terms of discount will be carried to
7 per cent. A great deal will depend, however,
1-113011 the specie movement. If the supplies now
arriving remain here, which is, of course, quite
uncertain, affairs may become easier, but if, on the
Contrary, the drain continues increased, incon-
venience may be apprehended.
The Royal Charter with 501,0001. is now daily
expected, and, besides this sum, nearly a million
sterling is advised by the Copenhagen, the Bril-
liant, Thames, Anglesea, South Carolina, Wave
of Life, Morning Star, and the Night of the Age.
The Alhambra, which leaves for Cadiz to-day, has 11
12,0001. to 15,000/. in bar gold.
It is stated that about 350,0001. has been paid
into the Custom House on account of tea duties 10
xader the new scale. 10

The Funds continue depressed, and there are no
symptoms of recovery from yesterday's decline.
The arrangement of the account is progressing, but
owing to the measure adopted by the Bank,
the charge for " carrying over" has in-
creased to 7 and 71 per cent. per annum.
Consols have been 92i 4 for transfer, 92 7-, and
921 s for the Bth inst., and 93 to 931, for the May
account. The present values are about 92i Q for
money, and 931 / for the 7th proximo. The New
Threes are 91i the Reduced 9111, and the New
2i, per Cents. 76. The March Excheitier Bills are
2s. discount to 3s. premium, the June ditto 2s.
discount, and the Bonds 987.
Foreign Securities are dull, and at lower prices.
Turkish 6 per Cents. have been 961 to 971, and
the 4 per Cents. 100 k. Spanish 3 per Cents. are
25, Russian VE per Cents. 95 Belgian 2 per
Cents. 651 and the 4 per Cents. 961 to 97/.
The following are the nominal prices of Foreign
Stocks ;—Grenada Deferred Bonds, 61 7 ; Mexi-
can, 231 ; Peruvian, 77 9 ; do. 3 per Cents.,
546 ; Portuguese 3 per Cents., 441 5 ; Russian 5
per Cents., 104 G ; ditto 4!, per Cents., 95 7 ;
Spanish 3 per Cents., 411 ; ditto Deferred, 25 ;
ditto Certificates, Gi ; ditto Passive, 5i 6.
The Railway Share Market, this morning, has
exhibited increased heaviness, and only a moderate
amount of business has been transacted, at rates

showing a decline of fully to 1 per cent.
on yesterday's quotations. North British
have receded ss. North-Eastern, York, South-
Eastern and Great Northern, 10s. Caledonian,
South-Western, Midland and Great Western, 155.,
and Edinburgh, Perth and Dundee, Lancashire and
Yorkshire, and North-Western 1/. The French
and Canadian lines are also at reduced rates. Paris
and Lyons declined 1/. Grand Trunk of Canada
2/. to 3/. ; and Great Indian Peninsula, 53. ; Great
Luxembourg, Namur and Liege, and Sambre and
Meuse, are at steady rates.
Mining Shares rule inactive. Great Wheal Al-
fred realise St ; Wheal Mary Ann, 45 ; and Cocaes
and Cuiaba,

. _
For Joint Stock Bank and Miscellaneous Shares
the demand is very inactive. Ottoman Bank have
declined ss. to 10s. ; City Bank, 11. ; Australian
Agricultural, ss.

BRITISH FUNDS.—CLOSING PRICES —THIS DAY,
( From the Officua List:)
Bnsinese done
3 Der Cent. Ridneed Annuities
3 per Cent. oonsois Aunnities 9241 i 1 i:
New :3 per Cent. Annuities 9l i i
New 21 per Cent. Annuities . 76
hull% Beads, £lOOO
Ditto, under £lOOO 5 d
Consols for Account .••••• 92i1 a 3- •1 1
L. Etc:hover Mlle, 24d. March. I June.
£lOOO .....2 d 3 pi 2d
£5OO 3981)1 I
Small t — 2 d
Ditto, 1'359
PRICES OF FOREIGN FUNDS—THIS DAY.

Buenos A yres Bonds, 6 per Cent. B6
- -

Mexican 3 per Cent 23
Ditto Account
Peruvian Bonds, 4i per Cent
Ditto Account 77
Portuguese Bonds, 5 per Cent., Con. 1841 --
Ditto 1853, 3 per Cent. 441 5
Russian Bonds, 1822, }.: St., 5 per Cent --
Ditto, ‘h per Cent. 951 ,;-
Pardinian Bonds, 5 per Cent. .. 001,
Spanish Bonds, 3 per C•mt.
Ditto Few Deferred, 3 per Ceti'
Ditto Account
Turlc'eti roads, 6 per colt
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
-- -- "-- '

DitidenVi on the al,n-a r,1131)19 in
Dutch Exchange, 2:1 per Cenl;., 12 Guilders 65i
Ditto 4 per Cent. Certificates
O'CLOCK.
Consols, money 92
Ditto. Account (April 8)