The Sun.
London, England, 1857-01-27 00:00:00

~.

MONEY MARKET

AND
COIVIDIERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.
Advices from Liverpool state that the Cotton
Market yesterday closet firmly, with less (xcite-
rniut, tint pric:s reniaiLed at the advance of
per lb. on American d, scriptions. The sales coin-
Prised 10,000 bales. The Railway Share Market
is quiet at steady prices.
The news received from China by the Overland
Mail caused a further advance in the price of tea
yesterday. Sales of common congou were effected
at ls. lid. to ls. lid., and if hostilities continue a
further improvement is expected. Au active spe-
culative business, is in progress and the market is
sparingly supplied. In silk also there have been
numerous operations at enhanced rates.

The accounts from the United States, per
steamer Niagara, report con activity in the
demand for money at New York, the latest official
return published by the 13t,nk.: in that city having
exhibited an increase of 200,2121. in the loans and
discounts. The specie was rather smaller, but
large remittances from California were soon anti-
cipated, which would more than make up the
deficiency. Trade was very active, and no imme-
diate return to ease in the discount market was
therefore expected. During the week ending the
9th inst. the value of ,he imports exceeded that of
the exports by 307,517/.
Some of the continental money markets are
slowly recovering from the effects of the late pro-
tracted pressure. The latest advices report a further
decline in the rate of discount at Hamburg, which
now only amounts to 5i per cent,, and a further
improvement is anticipated. At Paris there is a
more cheerful feeling, but no reduction in the
terms Las yet taken place.

The efflux of gold to the Continent seems to be
increasing, about 100,0001. having been sent from
the Bank of England yesterday. If these with-
drawals are not speedily checked the metallic de-
posits in Threadneedle-street will soon be reduced to
a very low figure, especially as there are no arrivals
from Australia, America, or Mexico. There is
consequently some probability of the Bank direc-
tors being compelled to raise the rate of discount
next Thursday, as in addition to this drain the
applications for discounts are becoming exceedingly
active as the end of the month approaches. In
banking circles there is a confident expectation of
some restrictions being at once imposed, so that the
views recently entertained relative to a return of
financial ease are likely to be proved incorrect.
On the Stock Exchange a good inquiry exists at
5i to 6 per cent.
This day a quarterly meeting of the Sortridge Con-
sols Mine was held, at which a report was printed,
showing that the profit made in the three months
was 1,5641. There was no dividend on the
occasion.

The English Funds are heavy, owing to some
large sales having been effected. The unfavourable
features which the Money Market presents encou-
rages "Bear" operations, and in many in-
stances those who have operated for a rise
are now closing their accounts. A decline of
about 1 per cent. has taken place, and in
;the face of increased pressure for money and the
drain of specie, the prices may be said to be ex-
ceedingly firm. Consols for money have been
034 # and 93 while for the account Ihe deal.
ings have been at 931 and at 931 1. The price for
March is about 94. Exchequer Bills of 5001.
each are is. to 2s. discount. The New Threes
.are 94 to 941, the Reduced 931 to 94, and the
New 2} per Cent. 76i to 78. Bank Stock is 2171,
• and East Tndia ditto 219.

Foreign Stocks are exceedingly dull, and gene-
rally lower. Turkish 6 per Cents, are 94i
Spanish 3 per Cents. 40 to 401, and Portuguese 3
per Cents. 44g. Russian 5 per Cents, have risen
to 1081 and the 41 per Cents. 96k. Venezuela
Bonds are marked 361.

The following aro the nominal prices of Foreigb
Stocks :—Grenada Deferred ,Bonds, 6. ; Mcxi
can, 211 ; Peruvian, 78 79 ; ditto 3 per Cents.,
65 6 ; Portuguese 3 per Cents., 43 5 ; Russian
5 per Cents., 106 8 ; ditto 4 per Cents., 95 7
Spanish 3 per Cents., 391 40 ; ditto New Deferred,
23k ; ditto Certificates, 51 6 ; ditto Passive,
5i 6.
A moderate business has been transacted in
Railway Shares, but prices in most instances have
shown a decline of about per Cent. Caledonian
receded 55., Eastern Counties 55., Brighton 10s.,
North-Western 55., Manchester, Sheffield, and
Lincoln 55., North British 10s., and Soath-Eastern
Ss, Great Northern, Midland, and North Eastern
Berwick, maintain fully previous quotations. The
French lines are inactive. Great Central of
France declined about 55., and Antwerp
and Rotterdam about ss. Grand Trunk of
Canada receded 10s. to 155., and East
Indian about ss. For English and Foreign
Mining Shares prices have been supported. Alfred
Consols improved about 55., and North Wheal
Bassets ss. Cobbre Copper brought former values.

Joint• Stock Bank and Mjicellaneous Shares
show but little variation from yesterday's quota-
tions. English, Scottish, and Australian Char-
tered, and Union of London have improved 55.,
and Peninsular and Oriental Steam,los.

BRITISH FUNDS.—CLOSING PRICES —THIS DAY.
(From the Official List.)

..
...
217,....i:i.- ace,
!lank Stock
3 oui Cent. Reduced Anunitia....
3 "-- Cent f'nnsnle AnnoiHes 939isAli
New 3 per Cent. Annuities 94' i 4 3i
New 2A per Cent. Annuities 76 8
India Stock
indik Ronda, 4300 ..... ... ...... . „ --_

Ditto, under £lOOO
Consols 'or Account
Riellequer Birk,. `, ;,,d
£lOOO
..... -
:50ti ..... - *****
•
mall
Ditto R ..*••'
per Cent
owls, 1R g, 2A 90 ..
PRICES OF FOREIGN ' 4
Cent Cent. ••
Brazilian Bonds, 5 Per ',,,N FUNDS—THIS DAY.
Peruvian Bonds 4-1 per
Ditto Account
•,. 1841
.. ................ .
Portuguese Bonds, 5 per Cent - Con. ••• 78i
Ditto 1853,3 per Cent ~•„•
Ditto Account
••• 108 i i
fillSaiall I'oll{lS, 1R22, £ st., 5 pe:i...e;)l;i .... 443 i
Ditto, 44 per Cent. ............
Sp., ,•h '',,...i5, ' per k ;ent .., . • ............ 961
............
Ditto Account
... .. 40 4
Ditto i'-'ew Deferred, 3 per Cent. .
Ditto Account .....
231
Tn , ,0. ends, li per otnt
Ditto Account .„
att.() Guaranteed, 1 per Cent.
Ditto Account ....
lreneviels. Bonds, 44 per Cent
bitto Account
Id. ,ciendp a, the rebel, a%ate, . T`. n.
Dutch Exchange, 24 per Cent., 12 Guilders 644
THREE O'oLoCK.
Con Rilp, money
Ditto, Account (Feb. 5.) .........

, 2 d
. 93i i i i

The Indian exchanges yesterday reported by telegraph
present no alteration beyond a slight increase of firmness,
which will tend further to encourage shipments of silver
from this side, The quotations were 24. 21,1. to sd. at
Bombay, and 2s. 251. to 7-161. at Calcuqa. From
China the achlitiona' particulars received, vitt Trieste,
and dated Hong Kong, Dec. 16, show the exports of
tea to date to hate been 35,000,000. b., against
48,500,00013, at the corresponding period of the pre-
vious year. Of silk there were 48 000 bale., against
22,600 in 1855. The settlements of silk were 60,000
bales, and prices were 20 dots higher. Trade at Shang-
hai_ and Foochow was going on without interruption
I FIVE GREAT LAKES OF NORTH A MERIOA.—Ao-
coTII
rding to the Quebec Chronicle the Five Great Lakes of
North America have recently been surveyed, and it is
found
The to that they cover an area of 90
1,534 nOOO
i square miles.
tal length of the five lakes is , iis. Lake
Superior, at its
breadth is 160 greatest length, is 355 miles ;its greatest
above the sea, 627milesfeet
; area,
32,000 square miles, Lake
miles ; its mean depth .I:na ; its greatest breadth i- 108
qa,,re
miles'
feet ; elevation, 687 feet ;
area, 20,000 F
length, is 200 miles ; its • Lake Huron, in its greatest
; ogozatest breadth is 160 miles
mean depth, 300 feet
Erie isti°2ll. r 74 feet ; area, 20,000
square mile. Lake
miles long ; greatest
breadth, 80 mile. ; mean dmepitleh:2oo9 feet ;elevation, 555
feet ; area, 6.000 square
and its
meanLbake Ontario has a
length of 180 miles,
mean depth, 500 feet; elevation abor-vaedtthheisoc6esann3,il2l2
feet ; area, 6 006 square miles.
SHAKSPERE'S HOUSE.—The Bit mingia
SI
,Gctzette states
p
that a meeting of the trustees, held
att
Avon on Wedesday last—present Dr,
katd-u on-
Avon
Messrs. Flower, R. H. Hobbs, and R. B. Wheeler, l eeee•
i'Y and
ral tenders were received for the demolition of
the houses
sni. Cottages that urround the birth-place if the poet.
The work will be effected through the ninniFc.n
John Shakspere. The tender of Mr Wire' Ileeletrif was
accepted, and a contract entered into for the removal of
the premises within one month.