The Sun.
London, England, 1857-04-27 00:00:00

MONEY

MAR ET

AND
COMMERCIAL IN TELLIGEZZOE.

CITY, Two o'CLoctc.
The Liverpool Cotton Market on Saturday closed
heavily, and the transactions were small and unim-
portant, without alteration. The sales were-
-7,000 bales, 1,000 of which were taken for export.
The Railway Share Market was• very inanimate,
having opened with a dull appearance, but towards
the close of business a slight improvement was
manifested. From most of the chief manufacturing
towns, the advices received this morning descril:e
business as being exceeclin4ly dull. At Manchester
the operatives are acting with extreme caution owing
to the ratherfluctuating state of the Liverpool Cotton
Market. At Leeds the manufacturers are not
working full time and the demand is quiet. Ope-
rations are also contracted owing to the London
Wool Sales which commence on the 30th inst., as
it is uncertain what prices will be realised. It is
generally thought, however, that late rates will be
fully maintained. The quantity that has arrived
is about 56,000 bales, chiefly Australian.
During the past week the pressure upon the
money market was certainly less severe, the eleva-
tion of the Bank rate to 61 per cent. having check-d
speculation as well as commercial engageme❑ts.
On Thursday and Friday the demand suddenly in-

creased owing to the abstraction from the market

of the means require I to secure the gold brought
by the Auglosea from Australia, and also to
Pay for a large amount of stock which the job-
bers had purchased. On Saturday there was
renewed quietness, bat to-day, as far as can
be ascertained the market is extremely tight. Until
the middle of next month no change for the bet'er
can be expected, and even then it is questionable
whether lower quotations will prevail. Prepara-
tions are being made for the mercantile paper fal-
ling due on the 4th proximo, and a few days after
that period, the settlement of the Consul
account will no doubt sustain the inqoity.
The specie movement is still a source of great
anxiety to all interested in the progress of
m.)netary affairs, and judging from present
indications, the drain of gold to the Continent, and
of silver to the East, is likely to continue. Accird-
ing to the advices received via Trieste, the rats of
exchange at Calcutta, Bombay, and Shanghai, re-
main unfavourable, so that the shipments on the 4rlt
and 20th of the month may still be expected to be
made to the average extent. To procure the neces- I
sary supplies, remittances of gold to the Continent
must be effected, since the receipts from Mexico are
quite inadequate. During the last few days about
35,0001. has been withdrawn from the Bank of Eng
land, and the 195,4411. just received from Australia
will no doubt follow. The advices from that colony
will therefore be perused with great attention; as
upon the steady importation of gold wiil depend
the maintenance of the present stock of bullion at
the Bsnk of England.
Last week the receipts of the precious metals
Were about 300,0001., and the exports 111,7741.

A meeting of the South. Australian Copper
Mining Company was held this day to agree to
the sale of their mining property and all its appur-
tenances to the Strathalbyn Mining Company
(limited), and also for agreeing to the conditional
compromise made in the case of Thompson v.
Armitage. A meeting of the StrAthalbyn Mining
Company was also held at the same place to con-
eder the propriety of confirming the said condi-
tional agreement of Thompson v. Armitage. The
resolutions were passed unanimously.
The Board of Trade returns for the month end-
ing the 31st March have been issued to-day. A
very favourable increase is exhibited both in the
import and export business of the United King-
dom—the tables for the three months also showing
an important augmentation compared with the cor-
responding period of previous years. The total
declared value of the exports during those months
Was as under

1857
1856 •

One Month. Three Months.
£10,456.348 £28,827,493
9,448 570 25,149,103

Increase this year £7,778 £3,678,390
The Import and Shipping Returns show a very
satisfactory improvement.

A. decline of about k per cent. has taken phce in
tile market for English Stocks to-day, the specula-
tors for a decline showing a disposition to continue
their operations. The dearness of money, the con-
tinued demand, the prospect of the drain of ?old
and silver remaining unchecked, and the uneasy
feeling regarding the hostilities in China,
are among the principal causes of th 4 de-
pressed condition of the market. There
is nevertheless little business in progress, as the
future is involved in so much uncertainty with re-
gard to financial affairs. Consols have beta 92:2
for transfer, '92i to 93 for account, and 93i 4 for
June. The New Threes were 91i I, the &.duced
911 the June Exchequer Bills ss. discount
par, and the Bonds 981 A. Bank Stock is 213 to

Foreign Securities are weaker, and the transac-
tions have been generally unimportant. Turkis'.►
6 per Cents. have declined to 931 and the 4 per
Cents. are 997 g to 100 ; Russian 4i per Cents. have
been 96i-; Mexican, 231 ; and. Dutch 4 per
Cents. 97 to 97k.

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bomb, 6 7 ; Alexi 't")
239 i; Peruvian 4i per Cents., 77 79 ; do. 3 per
Cents., 55.57 ; 'Portuguese 3 per Cents., 44 to 46 ;
Russian 5 per Cents., 104 6 ; ditto 41 per Cents.,
97 99; Spanish 3 per Cents., 41/ ; ditto Deferred,
25 tl; ditto Certificates, 69 ; ditto Passive, 5l 6.
A very limited business has been transacted in
,the Railway Share Market, and iu all instances
ower prices have been curren'. Caledonian,
s,aetern Counties, Brighton, Manchester,
-uelEeld, and Lincoln and Midland have
receded ss. ; South Western and North
Ear
ern (York) 10s. ; Lancashire and Yorkshire
North Western, 15s. ; and North Eastern,
Berwick, and South Eastern, 11. In the Foreign
41(1 Colonial undertakings values have also de-
e"ed• Eastern of France have receded 103
Canada,
of France, ss. ; Grand Trunk of
'allada, 2/. ; and Great Western of Canada, ss.
kiritish, Foreign, and Colonial Mining Shares
are
as nominal quotatiorp.
r"oint-Stock Bank and Miscellaneous Shares
te 2/.ery inactive. Bank of London declined 1 .
43 3 Loi:don and Joint-stock, sa. ; and Otto-
de
14
clined Bank, 5s ; and North of Europe Steam
.

81411313 FUNDS THIS DAY AT ONE (YCLO. •h.
( from the Official Ltst.)
Business done.
It, k
213 1.4 i
4 n Stock
.•.•
3 P"4%(int• .educed P.nuult.,, 9IA fi
xeDer Cent Conso:s Atunmitieb 92i 4
.1%;„:‘,3 Per Cent. Annuities 9lfi 1
Lj" 4i per Cent. Annuities 76A
*' Annuities, ex ire fitt. 'Jan. 1869
"lII° 39 p • sth April, 1885 l7 15(16
14diaStOckYears' expire
220 22
, t..olagols for Account 93 24-
4"-}lognor Bills, 2id •• •
March. I June.
L ttkit.
..... ... i 5 d par
500. _ 15 d par
••• .. --
~qtnel!
5 d par
uit'." 11(74.11 . 1.44; *i{per Cent.
pt. °ZS OF FOREIGN FUNDS AT ONE 0101.0cK.
..•r•inti
ti an 5 per Cent.
*.p New 1829 and 1839, 5 per Cent —
ilicanA3ercioeti;i:(l2tent
bitto A '
It. ccouut
z 71.) Itoit at
ol 1,
48(2; '11(1):1:
erki...!23
,
Cent.l2 t St., 5 per Cent —
cent
--
, 6 ...i.
bitto Account P
Oitto Guaranteed, 4 )or Cent.
bitto Account I 99" 100
br,,,,1, r„ Ohldeirls on trio above ,av4ble in Lana n.
`-' chang-e, 2A per Cenl., .11itto 4 per Cent. Certificatesl2 Guilders
97 !
TWO O'CLOCK.
921 Z-
-92iT 93

Consols, money
Ditto for account

tPtA LAWYER'S NOTION OF CRINOLINE.—In the Bank-
Court, on Saturday, an application for cmlificate
ba4 made by James Henry Sinith,:Connaught•ttqrace,
"Ageware-road. Mr. Levy, a creditor, opposed a
Multitude of grounds which he could not establif,h ;nand
tit Linklater, for the as,ignees, complained that the
anialtrupt spent 2,329/. in improvements in ladies' stays.
—t,_uttizzsioner Fan*, : Were they of a nature to attract
the fashionable world ?—Tne bankrupt: Yes ; improve-
tnents in the bodice.—Mr. Link later : Was this improve-
,glnibent in corsets made with what is called crin. line ?
oat's of laughter) - Mr. Lavrrance : No, no ; that is
7"11 very lower down. (Renewed laughter.)—The bai,k-
-nPt: The improvement was inserting elastic in cornets.
"••••Llis honour granted a common certificate.

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