The Sun.
London, England, 1857-05-14 00:00:00

MONEY

rrA t 77 w

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoerr.
The Liverpool Colton Market yesterday awed
with a firm a,pect, and prices were extreme for
all descriptions. rx(!ept Ameticans, which we e
rather higher. The sales were estimated at 7,000
bales, 1,000 of which were taken for export. The
Railway Share Market was steady, at a slig- t
advance in quotations.
The commercial advices from the Brazils report
Very little improvement in the general state of
trade. At Buenos Ayres the markets were freely
stocked, and the supplies of merchandise continued
equal to the demand. In Rio an extensive busi-
nes had been done in coffee, and from Bahia we
learn that the transactions in prAluce were of an
average amount.
The Great Russian Railway scheme is still kept
Prominently before the public, aid the shares
being now allotted the progress of the con-
will be watched with increased curiosity.
Yesterday was the day appointed for the issue,
but there are no means of ascertaining
what number were awarded to bona fide applicants.
This is a secret which the public will never learn,
as the promoters have, of course, proceeded as
though the subscription Usti were full. The greater
Part of the shares, it may be presumed, are in the
'ands of the concessionaires or their agents, and
aB°PPortunity present; itself they will be emitted.
, nominal price of the shares in this market is -I-
te 1 premium, but on the Continent, at Paris
.7.Peeially, business is recorded at a higher value.
-6Y upholding these nominal quotations a demand
IrlaY be eucouragud, and the attempt will, no
doubt,
prove partially successful, nothwithstand-
ing the questionable character of the scheme, the
Warnings of the press, and the prospect of an ade-
quate dividend never being realised, supposing the
lines were constructed.
Advices from the Continent describe some of the
money markets es presenting a rather improved
appearance. At Berlin the value of discount ac-
„commedat'on has declined to 4,t,- per cent., and at
zaaraburg to 5 and 51. The Paris market is also
rather easier.
The 24th annual meeting of the National Pro-
vincial Bank of England was held to-day, J. F.
Laurie in the chair. After a speech from the
chairman, Mr. Robertson, the manager, read the
l'eport from which the following extracts were
taken
" The Directors are happy to add that during the past
Year, a considerable increase has taken place in the
Deposits of the Bank, as well as in its general trausac-
tions. This accession of business combined with the
high rate of interest, which, with the exception ef a abort
interval, prevailed throughout the year, has enabled the
Directors to place a favourable statement of account
before the meeting, showing a rest, or undivided profits, 1
on 3ht Dec., 1856, of 237,833/. 12s. ld.

"In this satisfactory position of the bank's affairs, the
directors propose to declare, as before, a dividend at the
rate of 8 per cent. per annum, together with a bonus of
10 per cent, both dividend and bonus to be paid as
usual in July. After payment of the bonu3 the reserve
land will stand at 185,3331. 123. ld.
"In conclusion, the directors have to state that a
bonus of 10 per cent. was given to the officers on their
Palaries at the close of the year, of which they have no
doubt the proprietors will approve,"
The Chairman, in answer to the various ques-
tions of Mr. Perry, explained the constitution of
the bank, which had no house of business as a
branch in London, nor within 65 miles of it ; the
directors had, therefore, no accounts with the bank,
.nor could they have advances from it. He (the
Chairman), was the only one, and that was
because he had sold his private bank at
Dover to this institution, which bound him
to keep his account with them. This, how-
ever, was all on the right side, for there was a
considerable balance at the National Provincial
Bank in his favour. The accounts were daily
audited by the directors, and every check possible
Iva.% placed upon the securities. No director would
be allowed to hold Shares, except all his calls were
Paid. The accounts were given as much in detail
as elsewhere, and to make them more so might
Only raise up rivalry to the establishments. The
l'ePlies were received with satisfaction, and soon
after the report was adopted, and a most unani-
mous vote of thanks was passed to the directors,
laed to Mr. Robertson and the officers of the estab-
lishment.
The Bank Directors, as was anticipated, have not
made any alteration in their terms of discount. At
present the demand although greater than for some
tune past is still too active to admit of any relaxa-
tion, but many are strongly of opinion that the
authorities will be enabled to make some conces-
kons ere long.
On the Stock Exchange there is a brisk demand
for money, and a leading broker has borrowed
100,000/. on Consols at 8 per Cent.
The English Funds are very firm, and at one
period they tended upwards, but a supply of money
stock has temporarily prevented a further improve-
rnent. Business is moderately active, and the pub-
lic ace making investments, though not to any
great ex'ent. -Consols have been 94 to 941 for
money, but are now about 93 94. The account
Prices have been 94 -Re The New Threes are
the Reduced, 924 ; the March Exchequer
tills are ls. to 4s: prem. ; the June do., at
pram,; the Bonds, at 98i ; and the India Bonds
are 7. prem.
In Foreign Stocks the dealing are not nunier-
owino. to some large sales. Turkish 6 per
uents. have declined to 95 to 94,, and the 4 per
Cents. are 1003 money and 1014 for account.
r
lizi.
ar .1.
ran 5 per Cents, 99i to 1001 ; ditto new,
991. Peruvian 3 per Cent., HI. Portuguese 3
Pjr,Cents., 45. Prussian 4} per Cents., mg. Sar-
-91. Spanish Passive, 251.
The following are the nominal prices of Foreign
dent; Peruvian
Deferred Bonds. 61 7 ; Mexie ,n,
Peruvian Cy per Cents., 77 78 ; ditto 3 per
54 53 ; Portuguese 3 per Cents., 45 46 ;
0„,11,1an 5 tier Cents., 104 106 ; 4,1, per
s
Deferred,
96 98 ; Spanish 3 per Cents., 411 2 ; ditto
Passive,
251 ; ditto Certificates, 6" ; ditto
5i 6.
tol I, he last week's railway receipts, ascertained up
is day, are in round figures as under
1857. 1856.
Greatv Western £29,292 £29,168
-f,'"rth-Western
'utightor
,„,an
31,686 29,642
Fputh-Eastern ......
.aledonian
12,764 11,694
Northern
bLancashire and Yorkshire
..F4tai and Exeter 6,453 6,285
.I;',llesiter and Holyhead
.u.-at Lane h
as hire
Lands and Carlisle
n chester, Sheffield, and Lincoln 10,049 9,008
IsiNorth London
orth Stafford. .7,565 7,111
ford, Worcester, and Wolverh 4,123 3,644
ate r ford and Limerick
Edi,llLargb and Glasgow
nburgh, Perth, and Dundee...... 6,314 5,869
„\-uaigow and South-Western ...... 6,281 5,771
"1-14 tell Rhenish
Grand Trunk of Canada .. ........... 9,974 4,481
Great Western of Canada l2 5,3
,466 103
Northern of France36,69B 34,231
In the Railway Share Market business was
moderately active, and prices have shown, in most
instances, a slight improvement. Great-Western,
Lancashire and Yorkshire, advanced ss. ; Edin-
burgh, Perth, and Dundee, South-Western, North-
Eastern (Berwick), and South Eastern, 10s. ; and
Caledonian, 11. The French Shares were quiet, at
about previous rates, but the Canadian Shares a
slight improvement. Great Western of Canada ad-
vanced 10s, ; Lombardo Venetian and Great
Luxembourg were firm.
„Mining Shares were neglected, and ruled at no-
minal quoiatons.
For Joint Stock Bank Shares there was a fair
Inquiry, Bank of Egypt advanced ss. to 10s. ;
Union
and Westminster, ss. ; Oriental Bank and
of Australia realised former values,
In the Miscellaneous Market business was very
(Not, and previous rates were barely maintained.

44ITISH FUNDS THIS DAY AT ONE
/ List.) O'CLOCK.
( From the O --iIiCVI
Easiness done.
92i i 6
3 9f! Cent. Reduced Annnitlas
94 t 3i 4
leer Cent. Console Annuities
h.,- e,, 3 per Cent. Annuities . 92 i
-..‘c,,,. Rends, XIiWU
b'jitte., under gum) 7 d
-,tehetiLer 131.11 e, 20.
41 4PI 2I)
41%0 ..... ........ March. I
i'.500 .....
24 p
June.
%toll . .
Ditto 80. riCif.i., . 1.8.5.g,..itt.per Cent. ... ......
lb Ditto, 1859 '
984 i
iell'S OF FOREIGN FUNDS AT ONE 4)",tocE
.Lrazilitin 5 per Coot .
- petitto New, 1829 and 1839, 5 per Cont W?„; bru.lrita Bonds, 4i per Cont ---
Dittitto Arco Cent. '
o -'''
..
.. . 54.1
?0_
?Ditto
Bonds, 5 per Cent., Con. 1841
1)1+ zl •to 184, 3 per Cent. 45
' Bslit Ponds, 1622, St., 5 per Cent..- —
~ bitto 4 •-•
4144118. n 110E:8,
) 7 per ueut. (ma
5 per Cent. ..... ..... : 91*
413k4.)1*11 i 301.413, :i per Cent. -
13_?tte. New beferred, 3 per u`n •
~, Ditto Account 2si
1;i1e. , •
.I):A.,u‘o "4,4*, 6 p,,,r went 95
Ditto G.Accottut 95 3 5
uaranteed' 4 per Cent. • looi
Ditto Aceimnt
~.. icends:on the ahure pikrable in Lonion.,
TWO O'CLOCK.
..., •
Ditto fo—`11:18013, money
r account ............ sit-