The Sun.
London, England, 1857-05-22 00:00:00

MONEY AR ET

4ND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday closed
steadily, and prices were without alteration. The
sales were estimated at 5,000 hales. The Railway
Share Market closed firmly, and prices were well
supported.

During the week the transactions in Foreign and
Colonial Produce have not been extensive, but the
demand continues active, and prices are fully
maintained. There has been an absence of public
sales of sugar, but privately a moderate busi-
ness has been done at previous rates, and
the advance realised at the Dutch auctions
has caused a slight upward movement here.
Coffee is firm but quiet, and for t.'a the in-
quiry is limited. Rice has been in request at
late quotations, and cocoa is ls. to 2s. per cwt.
dearer. Saltpetre remains inactive, but tallow is
firmer. At the wool salts there is a good attend-
ance of buyers, and the biddings are animated.
Although no advance has occurred, the prices
realised exhibit increased firmness.
Nothwithstanding the general soundne3s of
trade, the protracted dearness of money leads to
an occasional failure among firms who are small, to
obtain the assistance necessary to carry on their
business. In addition to those lately noticed,
that of Messrs. M'Alpin and Nephew, has just been
announced, warehousemen ; and, although their
liabilities are small it tends to impair confidence,
especially when several other establishments in

various branches of trade are known to be in an
insecure condition. Should the existing stringency
prevail much longer, as it no doubt will, there is
every prospect of several additions to the list of
these casualties during the year.
The Istamboul, screw steamer, from Melbourne,
has arrived at Plymouth with 4t,552 ounces of
gold. The voyage has been performed in 79 days,
showing the advantages of the auxiliary screw.
This supply of gold is opportune, but it will no
doubt be absorbed on continental account either for
the Bank of France or the purchase of silver.

The demand for the latter metal is still active
owing to the amount required for remittance to
India and China on the 4th proximo, and it is
feared that most of the earlier receipts fron► Aus-
tralia will be taken away instead of being deposited
in the Bank as was expected before the news arrived
from China announcing an advance in the rates of
exchange at Hong Kong and Shanghai.
Accounts from Panama state that her Majesty's
ship Alarm is expected there early next month
from Mazatlan, with $1,500,000 or upwards, so
that the imports of silver will no doubt be large,
and may prevent such au unfavourable movement
of gold to the Continent as many apprehend ; but
there can be no doubt that the shipments to the
East will be maintained for some time, which from
time to time will give rise to an uneasy feeling.
For money the enquiry is still kept within mode-
rate limits, and there is an entire absence of the
pressure complained of a week or ten days since.
The rate out of doors is maintained at 61 per cent.,
and on the Stock-Exchange full terms are paid for
advances.

A. further decline of 4 per cent. has taken place
In the English Stock Market, owing to renewed
Bales, by those having Bull accounts open. The
Government broker, however, besides his usual
Purchase of 30,0001. Exchequer Bills, has bought
Consols, but this has failed to give support to prices.
Consols have been 93i for account, and 93 for
~..131°fley. The New Threes are 92i and the
Reduced 92k- India Bonds are 7s. to 3s. dis-
count.
The March Exchequer Bills are ss. to Gs. pre-
mium, and the June ditto 2s. to 3s. premium.
Notice has been given that the bills falling due in
June and December will be paid off or renewed at
the present rate of interest. The Bonds are 98
to 99,

Foreign Securities are dull, and in some cases
ratherlower. Turkish 6 per Cents. are 94 to 941, and
the 4 per Cents. 1011 I. Business has been offi-
cially recorded as follow.' :—Mexican 3 per Cents.
22i
; Spanish 3 per Cents. 414 a ; French 3 per
Cents. 68f.
75c. 50c. Exchange 25f. 30c., and Dutch
4 per Cents. 97.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexican,
224 4; Peruvian 41 per Cents., 77 78 ; ditto 3 per
Cents., 531 44 ; Portuguese 3 per Cents., 454 61 ;
Russian 5 per Cents., 105 107 ; ditto 41 per
Cents., 96 98 ; Spanish 3 per Cents., 41± 4 ; ditto
Deferred, 254 g ; ditto Certificates, 64 4 ; ditto
Passive, 5t i•
Messrs. D. Bell, Son and Co., report that during
the week there has been very little business in
American Securities, and little change in prices.