The Sun.
London, England, 1857-01-10 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE. I Shr.

CITY, Two o'CLocK.
The Liverpool Cotton Market yesterday closed
quietly, but sales could not be effected without a
slight reaction in prices. The sales only amounted
to 5,000 bales, all of which were taken by the trade.
In the Railway Share Market business was quiet
without any particular variation in price.
The Bank of England Returns published last
evening, and completed for the week ending the
3d instant, are not of a favourable character. It
must be recollected that this balance sheet is made
up prior to the payment of the January dividend,
and the public deposits show a further augmenta-
tion. Thisis the only satisfactory feature which is
presented, for the bullion is smaller, while the re-
serve of notes has descended to a point that was not
at all anticipated. Of course this alteration may
be ascribable to the large amount of accommodation
that was required on the 3d instant to meet
the commercial bills which then arrived at maturity;
and also to the large amount of advances which
was obtained upon securities. The continuance
of the applications for the latter, together with
other circumstances, is no doubt the reason which
induced the Directors to make the alteration in the
rate for such advances on stock to which we adver-
ted yesterday. Ths effect of that measure will not
be very important ; but it has, nevertheless, ex-
cited considerable discussion, in consequence of
the proofs which it affords of the continued
pressure on the money market. Amongst other
reasons which no doubt influenced the Directors
is the affiux of gold to Paris ; and the Bank
of France Returns, which were published yester-
day, show that, notwithstanding the improvement
which has recently been so much talked of, the
authorities have still to support the resources of
the establishment by purchases of gold in the
London market. The principal items of the Return,
and the alterations which it exhibits, will be seen
by the subjoined table :
♦ctive Circulation
Increase
Bullion
Decrease

£19,225,300
569,225
10,182,406
Rest 47,905
Increase
Public Deposits
Increase
Other Deposits
Decrease
Seven-Day and other Bills 786, 36,5130
24
Increase
Government Securities
Increase
Other Securities
Increase
Notes unemployed
Decrease
59,00
The official return of the exports of the 6 precious
metals from the port of London for the week end-
ing Thursday last is as follows
Gold Coin
silver Coin
„ „
„ Bars
PY IP
In the rates at which three months' bills in the
chief continental cities were negotiated yesterday
afternoon there was no particular variation, but a
slight decline took place on Hamburg, and the
quotation on Paris ruled firmer.
The dollars brought by the last West India
steamer have been sold at id. per ounce advance.
The bar silver was disposed of at previous rates.
A forged certificate of South Australian Copper
Mining Company's shares having been presented
at the office for registration, the general proprie-
tary have been invited to send their securites in
for examination.
In Lombard-street, and at the Bank of England,
the demand for money is very active, and full rates
are demanded even for the best descriptions of
mercantile paper. The wants of the commercial
puulic are no doubt urgent, but there can be no
doubt that the measure adopted yesterday by the
Sank has induced many parties to provide them-
selves with more capital than they immediately re-
quire, in expectation of an advance in the mini-
mum. .
The English Stock Market is dull, but the un-
favourable Bank return has had a depressing effect
upon values. All things considered, however, the
market has been tolerably firm. Consols for money
were 931 I, and they are now about 93i to 94,
while for the account the present quotation is
94} I. The New 3 per Cents. have been 94i I,
and the Reduced 93f, to 94. Exchequer Bins are
Is. to 4s. premium.

10
St
St.

20
20
17i
20

In the Foreign Stook Market business has been
very inactive, but rates generally have been de-
pressed. Mexican are 212. Russian 41 per Cents.
9611. Sardinian 89. Turkish 6 per Cents. 95g-
-1-, and the 4 per Cents. 1034 Dutch 21 per
tents. are steady at 645, and the 4 per Cents.
at 98.
The following are the nominal prices of Foreign 100
Stocks :—Grenada Deferred Bonds, 6 7 ; Mexi- too
can, 214 ; Peruvian, 771 81; ditto 3 per Cents., 20
51 6 ; Portuguese 3 per Cents., 43 5 ; Russian :00,
5 per Cents., 106 8 ; ditto 4
per Cents., 95 7; 201
Spanish 3 per Cents., 40i 41 ; ditto Deferred,
23i 4 ; ditto Certificates, 51 6 ; ditto Passive, 1000
51 6.
A very limited business has been done in the 10020
Railway Share Market this morning, and a decline
20
of about 4to per cent. has taken place in quota- 20
Lions for almost all the principal shares. East 2,(0)
Lancashire, Great Western, Lancashire and York- 'An
shire, South Western, and Midland were about ss. 20
lower ; and North Western, Norfolk and South
Western, 10s. to 15s. The East Indian declined
LO
108., and Grand Trunk of Canada 1/. to 1/. ss. 20
Great Luxembourg and Lombardo:Venetian are l a
steady. The French lines are at nominal rates.
-10
Joint Stock Bank Shares rule very dull, and 6
generally at reduced values. English, Scottish, 20
and Australian, 10s. ; Union of Australia, 10s. 20
London and County advanced ss. 20
In 20
Miscellaneous Shares there is very little lo
alteration to report, but prices rule rather heav
Peninsular and Oriental y. Steam have declined in
about ss.

mama FUNDS TEM
.1------"Tii7,2 ON g O'CLOCK.
(From the (Vaal List;,)
3 per Cent. Reduced Annuities
$ per Cent. Console Annuities ............... 94
..... . ....... 9Z.411i "6 &no
New 3 per Cent. Annuities .................. 94i * d
Consols (or Account
...... • . 941-
B:chequer Mlle, ltd.
£lOOO .. ...... .. ................ 4 1 p
£5OO .............. . ....... 4 p
Small ................ 5 p
PRICES OF FOREIGN FUNDS A.T ONE O'CLOGE,
Grenada New Active, 21 per Cent. ....... 24
Ditto Deferred
Mexican 3 per Cent 2li
Russian Bonds, 1822, £ St., 5 per Cent —.
5
Ditto, 4i per Cent. 9G x d
Spanish Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent.
233
Ditto Account
95 $ Turkish Bonds, 6 per cent
Ditto Guaranteed, 4 per Cent. —
Ditto Account

• Dividends on the above nayablo in Londe
Ditch Exchange, 26 per Cent., 12 Guilders 6! x
Ditto 4 per Cent. Certificates 9B
TWO O'CLOCK.
Consols, money 93i 94
Ditto Account

teitl/118.—The orders to purchase mining shares re•
beened this week, for investment and speculation, have
tuarkeatlniost unprecedented in extent, and a very active
have r
.4!ad a large amount of business transactions
Quoted In our last, West Frances shares were
of ~ diachou; but notice having been received on Monday
expected, t
Price roseer7, shares lbecam• in great demand and the
realicie the' daring the week to 424 ; this, as might be
renipted many persons who bought low to
which has beens la
improvemelntPrfits, and shares receded to 37, 40 ; the
the 85 west, on the middle lode,
for 2/. 10s,
per f reported worth 201. per fm, and driving
to 15, but the pit Great Alfred shares opened at 141
at 13i to 14 ; Alfred
ps not sustained, and they left off
in good demand ; Tr Consols, 19 to 19i, and have been
Ann, 42 to 43, in de awnY, 23 to 25, buyers ; Mary
144, 15; South Tolgniord ; Great South Tolgus, 1.4 i,
sellers ; the last sale
14155 to 160, buyers, but no
dividend this month. i3.iore looks well
have for a goo
en-
d
7et shares been
quired after, at 275 to
28."--Afining Journal of this
day.
APOTHSCARIES'-HALL ----The f01i0..;
of gentlemen who pasted their exam-11;11g are the names
ation in the science
receivedJ certificates to
and practice of medicine, and
aniaary :—George
prattle% on Thursday, the Bth
Ev4n Farr ; James Riley, Biriningh
Allen, jun., London ; Edward 'JohnDenenziisa:mviii
e
lWiftoilnii.am
--$.l --oore, Birming-
ham ; Charles Francis Hippolite d

100
100
20
20