The Sun.
London, England, 1857-01-17 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Advices from Liverpool state that the Cotton
Market yesterday closed quietly, and prices were
at a decline of per lb. The sales were estimated
at 6,000 bales, one-fourth of which were taken by
the speculators and exporters. The Railway Share
Market closed quietly, without animation.
The Bank of England Return, which is completed
to the 10th inst., shows some important alterations,
consequent upon the liquidation of the dividends.
The Bank has paid away interest to the extent of
nearly four millions sterling, and the "Other Secu-
rities" having declined nearly three millions, it is
evident that extensive advances had been ob-
tained. The reserve of notes is smaller, but the
decline of bullion, contrary to general expectation,
15 unimportant. Altogether the return is more
favourable than was anticipated, but there is reason
to believe that the next statement will show a fur-
ther diminution in the stock of the precious metals.
The subjoined table shows some of the various
principal alterations as compared with the previous
return :

Active Circulation
Increase ..

. £19,427,990
. 202,690
...... 10,180,984
1,422
Rest
Increase
Public Deposits
Decrease
Other Deposits
Increase
Seven-Day and other Bills 845,460
Increase
Government Securities
Decrease
Other Securities
Decrease
Notes unemployed.
Decrease
The official return of the exports of the precious
metals from the port of London for the week end-
ing Thursday last is as follows :
Gold Coin
f I 7,
, Bars
Silver Coin
tf ~
~ Bars

Bullion
_ Decrease

In Lombard-street the inquiry for discount ac-

commodation for commercial purposes continues
Unchecked, and the rates charged by the bill-
brokers and others are generally in excess of the ,
minimum, only the best class of paper being nego-
tiated at that quotation. The Bank Return analysed
above gives ample proof of the active circulation of '
ea Pital, and as there is not the slightest prospect
Of any diminution in the demand at present the
Public will no doubt have to pay full terms for
accommodation for some time to come.

The Baltic has arrived from New York, but she
brings very little specie, owing to the adverse
Position of the exchange on London.
The English Stock Market has been rather de-
Pressed to-day, and a decline of about per cent.
has taken place. This weakness is owing to specu-
lstire sales, but the market is not easily influenced,
411 d, all things considered, it has retained a firm
Position. Consols have been 93Z and 93i for
In°lley, while for the account the quotations hare
been 93i, 94, and 933. The New 3 per Cents.
are marked 948 g, and the Reduced 93; 94. East
India Stock is 221. Exchequer Bills are is. to 2s.
Premium.

Business in the Foreign Market has been very
dull. Turkish 6 per Cents. are nominally 95 to
95i ; Venezuela 4 per Cents. are 36 ; Spanish
Passive, 5i ; Russian 4i per Cents. 96k ; Peruvian
4i per Cents. 79 ; and Dutch 21 per Cents. 641.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 7 ; Mexi-
can, 211 ; Peruvian, 771 81 ; ditto 3 per Cents.,
55 6 ; Portuguese 3 per Cents., 43 5 ; Russian
5 per Cents., 106 8 ; ditto 4i per Cents., 95 7;
Spanish 3 per Cents., 40 4 ; ditto New Deferred,
234 ; ditto Certificates, 5L 61 ; ditto Passive,
of 8.

There has been a moderate business transacted
in Railway Securities this morning, and prices in
several instances have shown an improvement,
particularly Brighton, which are fully V. to 11. ss.
higher. Great Western improved ss. ; North
Eastern, ss. ; Lancashire and Yorkshire, 55.; and
Scottish Central, 2/. South Western, Manchester,
Sheffield and Lincoln, Midland, Norfolk, and

outh-Eastern were about ss. lower. The French
*lines have been dull, and Northern of Franco
and Paris and Lyons are rather at reduced quota-
tions. The Canadian lines are steady, and Grand
Trunk have improved about 10s.
Mines, Banks, and Miscellaneous Shares are at
steady rates, Bank of Australasia, Union of
Australia, and London and Westminster being at
rather improved prices. Electric Telegiaph have
improved 10s.

SkITISH FUNDS THIS DAY AT ONE O'CLOCK.
- _
(From the Official List.)

qine. done
n
3 per Cont. Reduced Annuities 9 B
4,i 4 3
3 per Cent. Console Annnitiev
934
New 3 per Cent. Annuities
India stock
221
Console for Account .................... 93i 4
Bxehequer Bills. 24d
£lOOO
1d 2 p
£5OO ......... 2 p
Small

PRICES OF FOREIGN FUNDS AT ONE O'CLOcE
Peruvian Bonds 4i per Cent —
Ditto Account
ituesiau Bonds, In 2, .1: St., 5 per Cont —
Ditto, 4i per Cent.
sp. nish Bonds, 3 per Cent —
Ditts Passive .
Tenezuela Bonds, 41 per Cent
Ditto Account
DO.ldends on the above usable In Londcn.
Dutch Exchange, 2:1 per Cent., 12 Guilders 64i
'TWO O'CLOCK.
Console, money 9•A 93i
Ditto Account ..

The Royal Mail steamer Orinoco, which sails to-
morrow for the West Indies, takes out
.13,690/.
VACANCIES, APPOINITS, AND PROMOTIONS IN THE
CIVIL SERVICE.—The Board of Trade—Mr. Laurence
M. Maxton, collector of Tei nmouth, has been appointed
receiver of droits of Admiralty and wreck. General Post.
office—Mr. Charles Walker has ; been appointed an as-
sistant controller at Liverpool Thomas Perrett
has been appointed chief clerk in the Money Order-office,
appointed
Liverpool ; Mr. R. Teare has been
.PP
Superin-
tendent of letter carriers at Liverpool';
Mr,
of letter
h
Robert Scott
has been appointed assistant to superintend
carriers at Liverpool. Duchy of Lancaster—The
of coroner for the Duchy of Lancaster has become° Officea
by the death of Mr. Higgs. Bank of England
vacancy has been caused in the Register-office by—t,hl
death of Mr. George Clifford Bower, principal Clerk'
Coast Guard—A vacancy in the Ventry Station has
been caused by the death of Mr. Garrett Cotter, chief
boatman. Customs—There are at present twelve vacan-
cies for clerkships on the new classiqcation at the Legal
Quays ; there are also six vacancies for clerkships on the
new classification of the East and West India Docks.
East Indies—Mr. B. P. Singer, extra assistant commis-
sioner in Nagpore, has been placed in charge of the
Treasury, the Raepore district ; Mr. W. J. Allen has
been appointed to officiate as a member of the Board of
Revenue, Bengal ; Mr. C. Eales, has been appointed to
officiate as harbour-master at Calcutta.—Civil Service
Gault&

RAILWAYS ON COMHON ROADS.—Why should tram-
roads be despised in practical England, and ignored in
laugh
ndon and its endless suburbs ? Why should people
louur common
the idea of " horse railways"—of tramways on
fommon roads ? Perhaps because they are old-
shinned, and have been put in the shadeby locomotive
alum But this is
sheer nonsense. All are useful in their
proper place. No one in his senses would recommend
a horse tramway
fly along by tahye from London to Bristol, while ke can
But there are l " Iron Duke" on the Great Western.
hope to penetrPataece• a where the Great Western dare not
ways take up the busf•ness, and would do a paying trade.
easy t -the-way places are worse off for
cheap and
conveyance than they were before
railroads carne intof
anctehem ;
pass at a distance from them; ; the grand trunk lines
off the roads ; convey coaches have been taken
is scarce • and inter-communi-
cation difficult. Brindle
'day to a committee
of grave wiseacres in the-jos:id One
sceaot Commons, that "rivers
were made to feed navigable
new
face,teed locomotive lines.
that tramways ay be made
tn:lt_i ;' and so we may say
The " old trams"---with a
with
roomy new-fashioned
omnibuses
for fifty people ; good luggage truckihperiorperly built, and
well turned out secundum anent, 10
most civilised
form, will be readily patronised by
athnedraernbling public,
in consequence of their comfort
Yankees have taken them in hand, and brought
The
iarought them
largely into play. They are well known
American cities, and in that land of progress many of
C 1 f ;the
rapidly ahead. Horse railways are ioued
,-„,fg°,l°,g
,
Americo, and why should they not in Englan,fi___'"'27`tne
Builder.