The Sun.
London, England, 1857-04-20 00:00:00

ONEY ittT mil' E

AND
COMMERCIAL INTELLIGENCE,

CITY, Two o'CLocK

The Liverpool Cotton Market on Saturday closed
heavily, and prices of all kinds were unchanged
from those current on Friday. The sales were esti-
mated at 5,000 to 6,000 bales, 1,000 of which were
taken for export. The Railway Share Market was
dull, and prices of all the leading storks again de-
clined.

The accounts from the textile manufacturing dis-
tricts state that business during the past weak re-
mained quiet, but the prices of most articles have
been well maintained. The high rates for money
and the dearness of the raw material continue to in-
fluence the various markets.
The steamer Pera has arrived from Alexandria
With the remlinder of the overland
The Russian Railway scheme, which for some
ra h
"LS past has led to so much discussion, is' at
length introduced to the English market, Messrs.
Baring Brothers, having issued out the necessary
prospectus. With the exception of Mr. Thomas
baring the directors are all foreigners, who are well
411°ViII in the railway and banking world. The
total length of the lines is 2,585 miles, calculating
the mile at about 1k verts ; the particular direc-
!lens of these lines have already been made public.
It's estimated the gross produce from traffic will
be 435/, per mile per annum, and calculating the
expenditure at 45 per cent, the net profit is set
down at 4,165,6081. The average cost is valued at
4541. per mile. The guaranteed interest, after
deducting the amount for sinking, is only 4 11-12ths
Per cent,, and the first issue is for 2,000,0001. in
20/. shares •
During last week th e arrivals of.specie amounted to
bl)°11t 900,0001., and the shipments, including that
37 the Indus, to about 823,8901. The subjoined
Re.the particulars of the remittances by the Indus,
'Rich leaves to-day for India and China, viz. :-
13ornhay (silver) £284,396
-Do. (gold)
Ceylon (gold)
Do. (silver)
Madras (silver)
O. (cold)
Calcutta (gold)
Do. (silver)
- Penang (silver)
Si 28,510
-gap (silver)

'°OR-Kong (silver)
Canton (silver)
Shanghai (silver)

Total £739,797
at
k The Money Market remains in a very stringentdate' and exceedingly high rates, according to the
to4,;(3411(1. character of the paper offered for dis-
b "11% are demanded by the brokers and Lora-
hargstreet firms, who are reaping an abundant
It is through the maintenance of the pressure.
t: rather surprising that under existing circurn-
h„lle°B We do not hear of more mercantile failures,
aeZ at the same time, although there are few
r."'„ suspen.sion. the inconvenience and embar-
th;sillellt are considerable. Whatever may be the
th-ration of the tightness, and it is admitted by
who are considered high authorities on the
I".iect that there is no prospect of cheap money
: Years, one fact has been clearly demonstrated,
the imperative necessity of an augmented
bat the
It cannot too often be repeated
lat the facilities in this respect which were ample
e°r, the year 1844, when the Bank Charter Act took
are ridiculously inadequate to the trade of the
Present time, but through the apathy exhibited it is
pert likely that further difficulties will yet be sub-
' bitted to before a modification is determined upon.
Pen France recognises the desirableness of adapt-
!'g the power of her National Bank, to an extent
kfamensurate with the functions which, through
the development of commerce, that establishment
'4now called upon to perform. Hitherto the capi-
ill, of this Bank has been 3,600,0001., but it is to
„blraised forthwith to 7,200,0001., by which means
tills progress of commerce will be stimul Lted,
t.ttici such monetary convulsions as that lately
h:Perieneed may be subdued, if not altogether
`4'et vented France can boast of some of the most
llts financiers of the present day, and when their
tthaehwpailaOtue this matter are carried out, and the con-
d extension of note issues is made, the.ex-
1141bre may perhaps be followed on this side, but
ileSs the merchants and others agitate the subject
rokaY still be vexatiously delayed.
tra'Lliis day a special meeting of the Scottish Aus-
p;au Investment Company has been held for the
t?°Be of considering the propriety of selling their
li4;est in the "Bon Accord" property in Austra-
Wit 7, he Sinn of 12,0001. cash, and 8,000 shares,
cord,, per share paid thereon in the " Bon Ac-
r Company, limited, together with a share of
read°3:altY in the said property. The Chairman
41.,:'he Particulars of the contract, and stated that
tioh-3,_altY of one-twentieth would be given in addi-
leo 1,441 the 8,000 shares. The Mining Company
(IZ`.l. Consist of 75,000 shares of 1/. each. Some
took place about the same directors being
tek" Mining Company, and this company being
e liable for calls on the 8,000 shares ; but the
a
s4tion for sale was eventually carried. unani-
oNy.
t3fet,°Utinued heaviness is the characteristic feature
411," English Stock Market • to-day, the appear-
tei; Of the Russian railway scheme and the un-
la,eute attaching to monetary affairs having an
'ltitiiv(krable influence. The speculators for a
itele are encouraged, and as very few bona fide
111;41:aellts are made prices decline. Consols
e been 9218 93 and 924 for transfer ; for
4:tuat they have been 93 and 93y /. The
title, 3 per Cents. have been 91ii ; I the Re-
ki I ;_ the March Exchequer Bills 7s. to 3s.
and the June ditto 108. to ss. discount.
he
.ul9nds Were 988 Bank Stock is 213.
(ltestoess in the Foreign Market also remains
Turkish 6 per Cents. are 94 to and the
hav Cents. remain nominal. Sardinian Bonds
i'een 91 ; Spanish Threes, 41. ; Portuguese
biltee,,s), 45 ; Brazilian 5 per Cents. 99i ; and
zi per Cents. 65i.
tot e following are the nominal prices of Foreign
I,(3:—Grenada Deferred Bonds, 61 7 ; Mexi
Peruvian per Cents., 78 79 ; do. 3 per
Cents,) 541 51 ; Portuguese 3 per Cents., 441 54 ;
;'''4ll, 5 per Cents., 104 6 ; ditto 41 per Cents.,
2'41 ; iSpauish 3 per Cents., 41i ; ditto Deferred,
1; ditto Certificates, 6i i ; ditto Passive, 511 6.
1.4V1 extremely limited business bas been done in
Itay shares, and, with one or two exceptions,
W:,l have exhibited a downward tendency. Great
9ierri have receded ss. ; Lancashire and York-
12s. 6d. to 15s. ; North Western ss,
l'6:111 Eastern (Berwick) 10s., and South Wales
444 bealedonian have improved 55., and Chester
tt fq:-L°lYhead 10s. The French lines have been
O -'early rates, and the Canadian have improve]
41a4 Slight extent, Grand Think of Canada hay-
ttia advanced about 5s to 10s. The East Indian
the xieelong and Melbourne are a shade lower, and
iNii"w Russian Shares are quoted at to 1
' „,
luing Shares there islittle change to report.
11, Great Consols have realised 450. North
4c,l Basset 231. Tin Croft .4.
hieelast-Stock Bank Shares have been inactive and
Iteli„ are depressed. London and County have
Attals"e,d about ss. Ottoman Bank and Union of
T4,,ktia realised about former rates.
94i,t7 Miscellaneous Share Market has been very
Ittid I‘rth of Europe Steam, Electric Telegraph,
an 1).
lemen's Land are at previous rates.
844
FUNDS THIS DAY AT ONE o'CLOCE..
(From the Official List.)
3 'Stotk
Business dons
1 t', t_ku, .................................... 213
tier (4, !seduced Annuities
\zew 3 „'t
_Qousole Annuities
*l:4,2eie,elsrucent. Annuities 92- 3 2i
92 1i
Co.,t h„. °qt. Annuities
-,,'4,6e1,-;;'l,es, expire sti, Jan. 1860 -2,i
' count. ...................
4000 r %UN 2d.. Mara, June.
ti,„ ........
............. .
................................. 3 7 10 5
........ ..... .
E 4, Ist, 08, per Cont. .... ....
tztr[os
gsl, ............ . ................... 984.
°REIGN FUNDS AT ONE O'CLOCK
"i;t11411,41 er eent
tie'.tto 185.1°Vs. 5 per Cent., Con, 1841
Ditto
per Cent. 45
'4O °"' C t
1)4 Aceo_ per en .
(Lti " •••
e,'.-"3: 3 per 4J.,nt. -5
~,:il:?iittee Cert. of Coup. int fun 6l-i
Ditto Ae:),I.L6 pct. cent
btite,
tzeb.l ;:ect's nom, • ,inn.
4 per Cen.`,. 12 Guilders C 5.1
Per Cent. t:OrtifleaIS
Cot b
it,
3, TWO O'CI,C)Og..
to° la, money.
........................ 921 934
accout ...............
...... ;.. 931