The Sun.
London, England, 1857-10-27 00:00:00

ONVy
TC
-

AND

o raMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.
Accounts from Liverpool state that the Cotton
Market yesterday.closed with a flat appearance, and
the values of all descriptions were ad. to id. per
lb. lower. The Railway Share Market closed
quietly, and prices were at a decline.
The Foreign and Colonial produce markets this
week have opened with a very dull appearance, and
most of the principal staples are dealt in to only a
limited extent. Tea continues dull, but in the
common sorts a slight advance may be noticed.
Sugar continues inactive, but no quotable charge
has taken place in prices.
Yesterday morning, when some doubt was felt
Whether the Bank might not at once rcscet to flesh
restrictions, the demand for money suddenly be-
came active, and the applications in Threadneedle
street are represented todiave been very numerous.
The inquiry was perhaps stimulated by the know-
ledge of the fact that the Directors were in consulta-
tion, but as it now appears probably upon the
subject of the Liverpool Borough Bank, whose
administration finding themselves embarrassed had

sought assistance at their hands. This, it may be
added, has been granted, and the establishment will
soon be in course of liquidation. When it was found
that the policy of the Bank remained unaltered, and
that in fact the advices from America, at first so
unfavourably construed, were of a character to in-
spire confidence, the pressure slackeuel and the
market is now comparatively quiet. The supply
is rather excessive, and there is little hesitation on
the part of bankers and brokers to negociate good
commercial paper. Much discrimination is neces-
sarily used, and especially with regard to American
paper; the advices received yesterday tending ti
produce a fear for the stability of many houses on
this side. The first effects of this crash, however,
will soon be over, and although many firms
may be prostrated, and unable to recover
for years, the predictions freely uttered
upon the subject of the probable failures
are, no doubt, much exaggerated. The Indian
news cannot fail to exert a most be neficial influence.
Those having business connections with the Eas+,
will soon prepare for the resumption of business,
and if the next two or three mails from New
York should report signs of returning confidence,
business will soon sympathise, and begiu to assume
its usual quiet and flourishing appearance; and, pro •
vided no new disturbing casses arise, a general
recovery will no doubt be witnessed before next
Spring.
The Funds opened at the improved rates current
yesterday afternoon. The advance did not make
further progress, and sellers soon appeared whose
operations have caused a reaction of 2 per cent.
It is stated that the Bank has been selling stock—
that another bank in Liverpool is in difficulties—
that the news from Calcutta is bad, and that the
Money Market may yet be influenced by exports of
gold. Extensive sales have been made, and the
market is in an unsettled. Consols opened at 89
1089/ for money, and 89/ g for the account, but they
have since been 88-1- and 88a respectively. The
Now Three per Cents. 884 e ; the Reduced, 88g ;
and the 2 per Cent. Annuities 74. Exche-
quer Bills are 14s. to 15s. discount, and the
Bonds, 97i 1.
Foreign Stocks have been very dull. Turkish
6 per Cents, have been 88 to 881, they are now
87t I. Buenos Ayres 6 per Cents., 82 ; Mexican
3 per Cents., 19A- ; Portuguese 3 per Cents.,
43 ; Russian 4 per Cents., 97i ; and Sardinian
5 per Cents., 89
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5 6 ; Mex.-
can, 19 19/ ; Peruvian 41 per ents., 75 77 ;
do. 3 per cents., ; Portuguese 3 per Cents.,
; Russian 5 per Cents., 105 107 ; do. Cs
per Cents., 95 97 ; Spanish 3 per Cents., 40i 41 ;
do. Deferred, 251 ; do. Certificates, ; do.
Passive,
The Railway Share Market bas been mode-
rately active, and a slight upward tendency in
prices is observable. Brightens, North Westerns,
Midlands, and South Easterns advanced lUs. ;
Lancashire and Yorkshire, ss. ; and Eastern
Counties and Great Westerns, 15s. South
Westerns declined about 10s. The Foreign
lines were flat, but the Colonial were at
improved quotations. East Indians improved
1/. to 1/. 10s. ; Grand Trunk of Canada, 10s. ; and
Great Western of Canada, ss. to 10s.
Mining Shares are inactive, and at previous
quotations.

- Joint Stock Bank Shares are steady. London
and County advanced about 5s ; Oriental Bank
receded ss. to 10s. ; and London Chartered of
Australia and Union of Australia were at former
rates.

The Miscellaneous Shares were quiet ; South
Australian Land improved about 15s.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
( From the Official List.l

Business done.
3 per Cent. Reduced Annuitlac
3 per cent. Consols Annuities B9f 9 1,- 83
New 3 per Cent. Annuities 8.•74 i 13
New 2; per Cent. Annuities
Llog Annuities, expire st' Jan. 186 e —
Ditto 3U Years, expire sth April, 1885 l7B
Gcm sole for Account,
Ez.thequer Bills, 2'd
£lOOO
S nail
Fzehequer Bonds, 1858, 34 per Cent —
Ditto, 1859
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent. B2
Mexican 3 per Cent —
Ditto Account .. 194
Portuguese Bonds, 5 per Ceut., Con. 1841 ---
Ditto 1853, 3 per Cent 43 i
Russian Bonds, 11)22, £ St., 5 per Cent —
Ditto, 4 per Cent. ()7.
Ditto Small
Turkish isouds, 6 per eclit, —
Ditto Account
•• BB / 7i
Dividends on the above payable in London.
T .i 0 tY,.:l.lftl.th..
Consols, money
Consols account BBg i

BOROUGH OP SoUTHWARK.— Yesterday the members
for the borough, Admiral Sir C. Napier and J. Locke,
Etq., Q.C., fixed to meat their constituent-. on Friday,
to discus the present crisis in the national affairs.
ROYAL FREE HOSPITAL, GRAY'S INN-ROAD.—The
number of patients relieved at the Hospital, during the
week ending 24th October, 1857, is 2,032, of which
598 were new cases.

THE MONEY PANIC IN BELFAST.—Two large mer-
chants in Belfast—a shipowner and manufacturer ---have
been obliged to call a meeting of their creditor?, The
liabilities of one we understand to be between 40,0001.
and 50,000/.—Ulsterman.
WINTER ASSIZE.—There will be Winter Assizes for
general gaol delivery in the larger counties, and where
the greatest number of prisoners are to be found. These
assizes will be held (or criminal trials only, as they have
been for two or throe years past. The plan of the com-
missioners for a general winter assizes must receive the
sanction of Parliament before it is permanently adopted.
THB FALIOF DELHI.--It is somewhat remarkable
that Delhi fell into the possession of the British forces
on the 20th of September, which was the anniversary of
the victory which was gained by the allied troops over
the Russians, on their first landing in the enemy's terri-
tory, when they fought the battle of the Alma, which
took place on the 20,h September, 1854,
LOSS OF LIFE AT SEA.—WEXFORD, Oct. 24.—The
smack Vulcan, Captain Rowe, iu balla,t, left here on
Thursday for Nenth. Soon after crossing the bar two
of the crew (James Hayes and Peter Monks, both of
this port) were employed getting the boat on board,
when
to
one
soafvtehemhimfe,ll oavlesorboaferd ;the other, attempt-
ing
Thiel into the sea, and
they were both drowned. captain and boy being
the only persons then on board, they brought the vessel
to an anchor, but the breeze increasing this morning she
drove on shore in the South Bay,
WILLS AND BEQUESTS.—The will of the Very Rev..
W. D. Conybeare, M.A., Dean of Llaodaff,
wunder 4,0001. personality ; General Sir John laisovsewtowrn
35,0001. ; Sir William G. Milt-man, Bart
4
'
4 0001.; Lieutenant A. C. Collin,.!wood Denny,
of the "Canons," Mitcham, 25,0001 ; Charles W.
Tryon, Esq., of Harrington, 30,0001. ; John Edwards,
E q., cf Brampton Brian, 60,0001,
THE FLOODS AND THE EASTERN COUNTIES RAILWAY.
—The vast quantity of water which poured over the
Hackney and Stratford marshes, in the course of Satur-
day,
owing to the ba,!-Is of the upper peel ion of the
river Lea giving way, continues to cover te land for
some distance. The water in some pas has greatly
subsided, but in 'he lower pot tilt) of the marsheia iarge
body remains. That section of the Nortq Woolwich line
?1,t:11,e Eastern Counties a hich pates under the main
„(topp'dh°,gll),lT:al is still covered ith
fling
of all trains B s ,„
Fenchurah-wat:_e,,,atthoeraenbyd,
Oa Sa'urd• treet to Woolwich and the Victoria D
a•Y 111.1 t co.:11
it reached a deo% wi,ter fi
fro, five to t. OA Su ilAy
it was somewhat rot
rnateriaily Na.
cleared some furi her (l, lay ;;;u''.? h.: :he:
r, 13
jaac,. etc-, - •
can run, as he IGtet
the permanent wa t,Thant t atf,cti
. A
the line were fluodeyd, the leonil'er of hooves a
i.cent
fl.oors being fille(t with
wat,r, and the unfortunate
sufferers. The traffic on I:htleheranintanta are considerale
Hackney Wick branch,
which joins the Eastern Counties at Stratford, is also
suspended, the rush of wati,r havingcarried
of the permanent road. A Cumber
of
fshep away
which were
brazing in the marshes near Were drowned,