The Sun.
London, England, 1857-08-13 00:00:00

er 0 -73 77
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—Ts

AND
COMMERCIAL lITTELLIGENOZ.

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
firmly, and prices of all descriptions were extreme.
The sales amounted to 8,000 bales. The Railway
Share Market manifested a very dull appearance,
acid prices of all the leading stocks have declined.
The discount market remains without any change
of importance, and, the steadiness of the demand of
money considered, is of a permanent character.
All expectation of money descending below 5i per
cent. during the present year is thus abandoned,.
and some persons are discussing the probability
of a return to a higher minimum. It is
premature to hazard an opinion on this point
however, when the course of events in India is eo
Uncertain. These may exert a prejudical influence,
because in addition to the cont:ngency of loans or
other financial operations, the drain of specie is
not likely to abate. Whenever a pause in th e supplies
from Australia or America takes place, withdrawals
of gold fram the Bank, which are always a source
of uneasiness, may be expected. The rates of ex-
change at Calcutta and Bombay, Hong Kong and
*Shanjhai are all lower, but it is still thought that
the efflux of silver will be conducted ou a scale that
must :divert gold to the continent ; for supplies
of that metal purchases are being made, but
not to so large an extent as of late. When
the letters by the present mail are delivered, the
Poiition of the silver market and the probable
nature of the operations of the Indian brokers
during the next few weeks will 1.:)e better ascer-
tained.

Some surprise was caused yesterday afternoon
when it became known that about 400,000/. in gold
had been taken from the Bank. This movement
was unexpected, because only a few days previously
there was no demand for gold, and the chief por-
tion of the quantity brought by the Swiftsura had
been sold to the authorities ; besides this there
were, supplies on band from America, which it was
thought could be rendered available for exportation
if required. No tidings of the Great Britain have
yet been received, but its arrival cannot be much
lenger delayed, unless some accident has bJallen
her. The amount this and other vessels, also due,
will bring will, no doubt, prevent any serious de-
clension in the Bank's bullion, even although an
active renewal of silver purchases should com:

rueoee.
Mr. Sothern Estcourt's motion on the Euphrates
Railway is postponed until to-morrow (Friday)
evening.
The Lancashire and Yorkshire Railway Com-
pany will pay at the rate of 5 per cent. per
annum, whereas the dividend in 1856 was only
4i per cent.
At the half-yearly meeting of the Northern and
Eastern Railway Company, held to-day, a dividend
of 1/. ss. was declared, on shares of 501. guaranteed
per cent. per annum ; and 1/. 10s. on shares of
50/. guaranteed 6 per cent. per annum, less pro-
perty tax.
Meetings of the Peninsula, Iberian, and Castil-
ian Mining Companies were held to-day, Sir E.
Pearson, Bart., in the chair, when it was agreed to
Wind them up separately, as likely to be unpro-
fitable. There was a balance in favour of each
company.
Considerable disturbance was produced in the
Stock Market late yesterday afternoon by the an-
nouncement of the arrival of the Overland Mail.
The particulars did not transpire, but numerous
adverse rumours were circulated which occasioned
a decline of about per cent. in the funds.
To-day, however, there has been a partial
re-action, because the advices are considered
snore favourable than many persons expected,
and certainly more so than the statements
current yesterday evening represented them to be.
besides this, the assurance given by the Chancellor
of the Exchequer yesterday evening that the East
India Company were not in immediate want of
financial assistance, has likewise aided in strengthen-
ing public confidence in the future, since dur-
ing the last two or three days fears have been
expressed that a loan of ten or twelve millions
sterling was contemplated. Some of those
also sold yesterday afternoon have been re-
Pura asing and this has caused an improvement to
the extent of about # per cent. Consols yesterday
afternoon were 89 for money and 891 90 for ac-
count, but they are now 901 for money and 90i #
respectively. The New Threes are 901 -1, and the
Reduced 90i Exchequer Bills 2s. to 6s. dis-
count, and the Bonds 98 ; India Bonds 255.
discount.
_ _

For Foreign Securities the market is very in
active, and except in Turkish 6 per cents., which
have risen to per cent., viz., 941 /2-, there has
been no movement of importance. No business
has been recorded in the 4 per cent. guaranteed.
Sardinian 988, and Dutch 4 per cents 981.
The following are the. nominal prices of Foreign
Stocks :-Grenada Deferred Bonds, 51 61 ; Mexican
3 per Cents, 22i 8 ; Peruvian 48 per Cents. 80 82 ;
ditto 3 per Cents., 54 56 ; Portuguese 3 per Cents.,
41i 45i ; Russian 5 per Cants., 111 113 ; ditto 4i
per Cents., 97 99 ; Spanish S per Cents., 392 40i ;
do. Certificates, 5i 6 ; do. Passive, 5i 6.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1857. 1856.
Great Western £33,606 £30,869
North-Western
33 ighton 20,425 20,962
Midland
Smith-Eastern
Great Northern
Lancashire and Yorkshire 27,851 25,732
nristol and Exeter 6,935 7,956
Eiikenhead 2,962 3,626
Chester and Holyhead
East Lancashire 7,403 6,916
Manchester, Sheffield, and Lincoln 11,702 9,843
North Stafford
North London
Oxford, Worcester, and Wolver 4,511 3,929
Taff Vale 4,124 4,187
Edinburgh and Glasgow
Edinburgh, Perth, and Dundee ; 4,020 3,819
Glasgow and South-Western
Great North of Scotland
Scottish Nosth-Eastern 4,810 4,641
Grand Truck of Canada
Great Western of Canada
Great Luxembourg
There was a moderate business transacted this
morning in the Railway Share Market, but the
dealings iu most instances had reference to the set-
tlement. The fluctuations have not been large,
with the exception of Great-Western, which have
. again declined about 1/, 10s. Edinburgh, Perth,
and Dundee receded 10s. ; and South-Western 10s.
Lancashire and Yorkshire, owing to a slight im-
provement in the dividend to be declared, have
advanced 1/. ; Midland, North-Eastern, Ber-
wick, and North-Eastern, York, 10s. ; and North
S afford, about ss. The other lines were steady.
The foreign and coloni.al lines are quiet, Northern
of France improved abotit 55., and Great Luxem-
bourg about ss. Grand Trunk of Canada improved
10s., and Great Western of Canada, ss. East
Indian are at previous quotations.
Mining Shares are steady. North Wheal Basset
are. 18i 19 ; Alfred Consols, 16i ; and Great South
Tolgus, 16i. '
Joint Stock Bank and Miscellaneous Shares are
very quiet, at previous values. Electric Telegraph
realised 1041048 • Oriental Bank, 352 ; and Bank
of Australasia, 881 89.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK,

(From the Officsal List:)

. _..,
Business dere.
3 per Ccnt. reduced Annuities 9Ol * i
3 per Cent, CODBOIO Anruities 894 90 89i 90;
New :; per Cont. Annuities 9Ol 1
Ll dg Annuities, expire sth Jan. 1860 —
Ditto 30 Years, expire sth April, 1885 lB 1-16
I 'lia Bonds, .+30(30

908 90

C 'i SON ..!1' A ceount
1 X :Winer Bills, 2id.
10i1ii
itsoi!
Snail ..... ~.. ...... . ..........
Fxchequer Bonds, 1858, Ri per Cent 6Ba
Ditto, 1859 .... • •
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK
Russian Bonds, 1822, £ St., 5 per Cent —
Ditto, 4i per Cent, 99
T ithibil. Bonds, 6 par cent . .. O4 i
Matte Account
Dividends on the aboxe payable in London.
Dutch Exchange, q per Cen.;., 12 Guilders
Do. 4 per Cent. Certificates ....... 9Bi
fWO O'CLOCK.

Consols, money
94b
Consols account