The Sun.
London, England, 1857-06-24 00:00:00

MONEY i% 17
/I.

AND
CODIWIEE,CI ETTELLIGENCF.

CITY, Two o'CLocit.

In the _Liverpool Cotton Market yesterday there
was a moderate demand at fully Monday's cur-
rency.
_The sales were 5,000 bales, 2,000 of which
were taken for export. In the Railway Share
Market yesterday afternoon Bristol and Exeter
Were dealt in at 94 ; Caledonian, 371, 1, and
North Eastern Berwick, 23k. _ .

The silver market continues in a very quiet state,
Pending further advices from India and China, but
the quotations are tolerably steady. The current
Prices of bullion are :—Bar gold, 775. 9cl. per cz.
standard ; doubloons, Spanish, 78s. per oz. ;
ditto, South American, 765. 6d. per oz. ; United
States' gold. coin, 7Gs. 20. per oz. ; bar silver, ss.
ld, per oz. standard ; and five-franc pieces,
45. 114 d. per oz. Moderate purchases are still
made on the Continent, but the remittances of
gold from this side in payment are not very im-
Portant. A fair proportion of the weekly supplies
of Californian gold is now taken into the Bank,
and. yesterday about 70,0001. of the quantity 're-
ceived by the Arabia on Monday was added to
stock of the precious metals in Threadneedle-street.
The Directors of the Canada Land Company
have issued a satisfactory statement of their affairs
from the Ist January to the 29th Muy last. From
this it appears that during this period 30,613 acres
have been leased and sold in the colony, against
f►,742 acres at the corresponding period of last year.
The particulars of leaseholds converted into free-
holds is equally encouraging, and the result is an
increase in the receipts of 10,8381., compared with
these of 1856.

There is temporarily rather more activity in the
general-demand for discounts, which, in the ab-
sence of increased animation in trade on specula-
tive business, can only be ascribed to the revenue
Collections. These are generally made with greater
vigour at this period of the year, when the divi-
dend payments are approaching, and in the pre-
sent sensitive condition of the Money market the
effect of any increased pressure is at once apparent.
Full rates are, consequently, exacted by the bill-
brokers and others, but many are still confident of
another decline in the value of money, and to-
loorrow a great deal of anxiety will no doubt be
shown to ascertain the result of the Bank " par-
lour" meeting, although at present no immediate
alteration is anticipated.
The City of Washington, from the United States,
brings about 22,5131. in specie.
The market for public stocks remains in the
same dull state which has characterised it for
some days past, and there is really no feature re-
quiring special comment. The public refrain from
althoUgh the Reduced at their present
price are cheap, and speculation, at this advanced
Period of the account is completely at a stand.
Consols have been 933 I all the morning, and for
the opening they are officially marked 93g. The
New 3 per Cents. are 92/ to 93, and the Reduced
9211 93. Exchequer Bills are 4s. discount, and
India Bonds under 1,0001., 7s. discount.
In Foreign Stocks the dealings are very limited.
Turkish 6 per Cents. are marked 96, and the Four
Per Gents. remain at nominal prices. Spanish 3
Per Cents. are 42 to 42%, Russian 5 per Cents. 110,
quador New Consolidated 14, and Dutch 4 per
Cents. 974.

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, ; Mexican,
221 3; Peruvian 41 per Cents., 77 79; ditto 3 per
Cents., 53 55 ; Portuguese 3 per Cents., 46 47 ;
4tlB.sian 5 per Cants., 109 111 ; ditto 41 per Cents.,
-; Spanish 3 per Cents., 411 21; ditto Deferred,
25i 6i ; ditto Certificates, 6i ditto Passive, 52 6.
An extremely limited business has been done in
itailway Shares, but in one or two instances a
!light improvement has taken place. Bristol and
Exeter, Manchester, Sheffield, and Lincoln, and
south-Eastern advanced 55., and Gre,at Northern
841c1 Great Western, 10s.. Caledonian have de-
11ined 5e., and North-Western and North-Eastern
zork 10s. , The French Canadian and East Indian
Buss were moderately dealt in, at yesterday's rates.
Minings were neglected, no business having been
reported in them.

Joint-Stock Bank Shares were very inactive.
Ottoman Bank, South Australia, and Union of
London, brought previous prices.
The Miscellaneous Shares show no variation in
prices.

II'ITISH FUNDS.—CLOSING PRICES —THIS DAY.
• (From the Offinal List:)
Business done.
3 Per Cent. Reduced Annuities 92f 3
New 3 per Cent. Annuities 93 21
isrlia Bonds, £101)1)
Ditto, under glom 7 d
r,
'onsiols fir A ,leount,
Ditto for Opening 93f ,
Zschequer Bills, 21d.
t tu,,c)
£590 l2 p
%nail .
PRICES OF FOREIGN FUNDS—THIS DAY.
Cililian Bonds, 6 per Cent lO2l
4tinador New Consolidated l4
utenada New Active, 2/ per Cent.
Ditto Deferred
Guatemala Bonds, 5 per cent 54
atexican 3 per cent —
Ditto Account
.`sitssian Bonds, 1822, £ St., 5 per Cent.... 110
'Ptuish Bowls, 3 per Cent.
Ditto Account .. . . ....... 421
Tarkith i;onds, 6 per cent
Ditto Account 96 k
,
Venezuela Bonds, 41 per Cent
Ditto Deferred, 1§ per Cent.
otodends on 'he above capable In I.,inlon.
.Ditch Exchange, 24 per Cenl., 12 Guilders
Do. 4 per Cent. Certificates
THRER O'CLOrgr.
Consols for account, July 9 931 I ex d

AFRICAN STEAM COMPANY.

(MEETING THIS DAY.)

There was a meeting of the African Steam Company
to-day. It appeared from the report that the directors
had not succeeded in getting any modification of their
charter, and were therefore still working to a disadvan-
tage. Owing to competition only four out of the six
vessels were in commission. The directors were not
enabled to pay a dividend on this occasion, but hoped
at the next meeting to present a more satisfactory state-
anent.

SOUTH AUSTRALIAN COMPANY.

(MEETING. THIS DAY.)

At the meeting of the South Australian Company
to-day, E. Divett, Esq., M.P.,1 in the chair, a gratify-
ing report was presented. From the accounts it
appeared that the net income of the past year
was 26,607/. 7s. 6d., from which the directors now de-
clare a dividend of 7 per cent. per annum.
The report was adopted.

THE CONVICT MANSELL.—The Judges in the Court of
Error, this afternoon, affirmed the decision of the Court
of Queen's Bench, and ordered the convict for execution
at Maidstone on the 4th of July. _

ELECTION OF THE CITY SHICEIFFS.—This day a
Common Hall of the Liverymen of London wag held
at Guildhall for the election of sheriffs in the room of
Messrs. Atechi and Keats, whose term of office has
expired. Alderman Lawrence and Mr. W. F. Allen
were elected, and severally returned thanks.

An interesting meeting on the subject of the Isthmus
of Suez is now going on at the London Tavern, and is
likely to end favourably to the objects of the promoters
of the Canal.
NEWLY-INVENTED JOINTS FOR WATER AND GAB-PIPES.
—Last week some interesting experiments were exhibited
to several scientific gentlemen at the manufactory of
Messrs. Smith and Phillips, West Smithfield, to prove
the value and efficiency of the invention for uniting
water and gas-pipes, by means of what is termed a clip,
or ring, to supersede the use, as at present, of molten
lead. The advantage of this invention consists in uniting
the two ends of the pipes to be joined together by placing
them in a circular ring called a clip, consisting of two
pieces united by screws, by which the ends of the pipes
are grasped firmly and immovably together. A small
piece of webbing, covered with a thin layer of red lead, is
inserted between the pipes and the clip. By these means
leakage is totally prevented, the enormous expense of
lead is saved, and the time necessary for repairs for re-
newing the tubes reduced from days to hours or half-
hours. The nuisance of continually pulling up the pave-
ment and disturbing the traffic in the public streets has
been felt by everybody, and it is no small boon to pas.
gangers in a crowded locality if by this process it can be
got rid of. The expense to water and gas companies is
most extravagant by the employment of the present
means of fastening pipes, which after all are continually
leaking ; and it is somewhat extraordinary that so simple
a contrivance as the above should not before this have
been discovered and acted upon. We have been informed,
that in Halifax Yorkshire, several miles of pipes have
been laid down on this plan, which has proved perfectly
nootodul