The Sun.
London, England, 1857-06-22 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCF.

CITY, Two o'CLocK.

Account,' from Liverpool state that the Cotton
Market on Saturday closed wish an upward ten-
dency, at extreme rates for all descriptions, and
Brazil and Egypt;ans were 0. per lb. dearer. The
sales amounted to 9,000 bales, 500 of which were
taken for export, and 1,500 on Sf eculation. The
Railway Share Market was steady, but no particu-
lar alteration in prices occurred.
The general business of the port of London last
week was rather quiet. At the Custom House 198
vessels wore reported from foreign parts, 3 from
Ireland, and there were 266 colliers. The entries
outwards were 126 and the clearances 114 vessels,
besides 29 in ballast.
A largo arrival of specie is announced from
America to-day, viz , 455,0001., and as the ex-
change at New York on London has risen, it is ex.
petted that these imports wilt henceforth continue
on a large scale. If we obtain a million and a half !
to two millions sterling per month from this
source, the evil effect of the Eastern drain will be
greatly mitigated. Betweroi 300,000/. and 500,0001.
is now considered due from • Australia, so that our
specie supplies are likely to keep pace with our ex-
ports :—an important fact in considering the future
monetary prospects of the country.
At a meeting of the Australian Auxiliary Steam
Clipper Company on Saturday, a favourable report
was adopted, but at the recommendation of the
board, the consideration of a dividend was post-
poned,
in order to await the results of the voyages :
of three of the company's ships now at sea. 1
Since Thursday last, when the directors of the
Bank lowered the rate of discount, the inquiry for
money, in all departments has been very much '
contracted, traders and others apparently having
limited their demands as much as possible, probably
in the hope of the minimum being still further re- k
duced before long. In a few days, however, the
applications for discounts will no doubt increase
owing to the preparations that must then be made .5-
for the approaching " fourth" of the month, but if 22
an opinion of the future may be formed from pre- E
sent indications a recurrence of pressure is not likely
to take place, the supply of capital being large.
There is still an absence of speculation, and business
in all branches being quiet, there is sure to be ex- 5
tended employment for money whenever a revival
12
ensues, and this contingency, together with the
fact that many persons having deposits at call with 5
joint stock and other establishments, may withdraw
them if the minimum further declines, must never- E
theless tend to prevent a return to a low rate for a 5
long time to come. Besides, we may expect the
introduction of numerous joint-stock schemes, and
although encouragement may not be given to all, a
few will no doubt succeed, and thus divert capital
from the market, where its accumulation, 2
with a view to cheapen money, is required. g
The promoters of the Grand Russian Railway S
scheme may also make another attempt to 7
float the shares, and the exigencies of the Turkish
tre sury may render it necessary for the Porte to
take new measures for the establishment of the
proposed National bank. Again, the directors of S
many joint stock companies at home, al- 2
though in want of means to carry out 11
the objects originallycontemplated, having hitherto 5
refrained from making calls, while the market s
was so stringent, will come forward at the first 1-
favourable opportunity. Thus, it is clear that s
there are many obstacles in the way of a rapid 1
restoration of ease. 2
During the past week the imports of specie were 2
about 681,7001., and and the exports, so far as they
can be ascertained, about 1,370,000/. 2
At the commencement of business this morning 2
the English Funds appeared buoyant, at the quo-
tations current on Saturday afternoon, and an im-
provement was generally expected, partly in conse- 22
quence of the large specie remittan ees from America. 2
Soon afterwards, however, a large speculative
sale said to amount to 100,0001. produced 21
a slight reaction, and the market has since
been rather flat. Consols for account have been
93,1 and 931 1, but they are now stronger, viz., • 2
93k g. The New 3 per Cents. are 92i 93, and the
Reduced 92-1 to 93. Bank Stock is 2121 to 214.
Exchequer Bills are 3s. discount to par, the Bonds
98a, and India Bonds under 1,0001. 7s. to 3a. dis.
For Foreign Stocks there is a quiet market, and RI
prices remain steady. Turkish 6 per Cents. have
been 96?,- *, and the 4 per Cents. 101-,1 j. Russian
41- per Cents. realised 99 to 99k. Spanish deferred ij
26, and Equador New Consolidated, 141. it
The following are the nominal prices of Foreign ti
Stocks :—Grenada Deferred Bonds, GI 2 ; Mexican,
221 3; Peruvian 41 per Cents., 76i 71 ; ditto 3 per
Cents., —; Portuguese 3 per Cents., 46 47 ;
Russian 5 per Cents., 109 111 ; ditto 41 per Cents.,
97 99 ; Spanish 3 per Cents., 42 21; ditto De,
ferred, 26 ; ditto Certificates, 6a ; ditto Pas-
sive, 5,1 6. 1
1
The market for Railway Shares has been in- 1

active, and generally lower prices are current.
Eastern Counties, Great Western, Lancashire and
Yorkshire, North-Western, South-Western, Man-
chester, Sheffield, and Lincoln, Midlantl, North-
Eastern York have each declined about ss. to 10s.,
and Great Northern and North-Eastern (Berwick) 1(
10s. to 15s. _
.East Anglian and South Wales were '
about ss. to lOs. higher. The Foreign and Colo- IA
nial lines were dealt in to a very limited extent,
and quotations are almost nominal. Great Luxem-
bourg brought previous rates, as also Grand Trunk
and Great Western of Canada, East Indian Gua-
ranted Shares have improved about 55., and
Madras about ss:
Iu Mining Shares only one transaction has been I -
reported, viz., Great Wheal Yor, which have ad-
vanced to 4.
Joint Stock Bank Shares are dealt in to a li-
mited extent. Bank of Australasia improved
about lOs. ; London Chartered of Australia, ss. ;
and South Australia, ss. ; Union of London de-
clined ss.
In the Miscellaneous Shares there is no change
to report. Peninsular and Oriental Steam arc
quoted 672 ex-dividend.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Irom the Official List:)
Business done.
Bank Stock 213 14 124
3 per Cont. Bcduced Annuities 93 2i
3 per Cent. Consols Annuities Shut
New 3 por Cont. Annuities 9311 3 2i
liniia Bonds, .f.lllOO - -
Ditto, tinder £lOOO 3 7 d
Co' sois for A moon'',
EDitto for Opening 934
t,i,4ll4;lehogtor thil?, tltt.
£lOOO .
£300.. ldlp
small 2 d 3 p
Ditto Bonds, 11+.58, 34 per Cont.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK,
Equador New Consolidated ... 14,1
Russian Bonds, 1622, £ St., 5 per Cent...,
Ditto, 44 per Cent.
SP thish Bonds, 3 per Cent.
Dittc Yew Deferred, 3 por Cm-
Tarkith l'onds,C; per cent 96;
21 Ditto Account 964 6 i
Ditto Guaranteed, 4 per Cont.
DiWeno On Me above payable in Lonoon.
TWO O'CLOCK.
Consols for Account 934 i

INQUEST ON Sin JAMES EYRE —On Saturday Mr.W.
J. Payne held an inquest at the Bowyer Hotel, Clapham,
on the body of Sir J. Eyre, Knight, physician, aged 67.
It appeared that the deceased and his lady were staying
at the residence of Mr. Scholey, Lauriston House, Lark-
hallrise, Clapham, on a visit. On Thursday he had at-
tended the Queen's levee, and sat up playing at whist
till a quarter to 1 o'clock on Friday morning, when he
remarked, " I think it is time to leave off playing cards,''
and went up to bed, his lady having preceded him. ?le
was in no way excited, but was in his usual health.
About 5 o'clock the same morning Lady Eyre's bell
rang, and on the servant going up deceased was found
in the bed by her side dead. Mr. It. C. Parrott, surgeon,
of Clapham, who was one of the whist party, expressed
his conviction that death had resulted from some vessel
of the brain having given way. Verdict, natural death.
The audit of the accounts of the Agra and United
Service Bank, taken on behalf of the new directors
who have recently joined the bank on the establishment
of its headquarters in London, has been completed under
the supervision of a professional accountant, and is
stated to have been of the most complete description.
RoCIIDALE ELECTION.—This committee met on Satur-
;y, when a discussion ensued as to whether strangers
; gould be allowed to be present at its proceedings, and
it twas ultimately decided in the negative. Thosb mem-
bers and several gentlemen of the press who were in at-
tendance had accordingly to retire.