The Sun.
London, England, 1857-03-13 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Letters from Liverpool state that the Cotton
Market yesterday manifested a dull and heavy ap-
pearance, and prices are without any material
alteration. The sales were estimated at from 5,090
t 3 6,000 bales, 500 of which ware taken on specu-
lation. The Railway Share Market closed steadily,
and prices slightly advanced.
The public sales of Foreign and Colonial Wool
Which will terminate on the 17th inst., are progress-
ing very firmly, the enhanced prices realised at the
commencement of the series being fully maintained,
except for some of the inferior descriptions of Cape,
which are ld. to Id. per lb. cheaper. The atten-
dance of buyers is still favourable, but it is noticed
that the representatives of several foreig.i houses,
having, no doubt, supplied their wants, have de-
parted.
In the Foreign and Colonial Produce Markets
this week there has been very little animation, and
the purchases have been principally confined to
immediate wants. Sugar has been rather firmer,
but the quantity disposed of by public auction has
been small. For coffee there has been very little

inquiry, but no particular alteration in prices has
occurred. The public sales of tea held yesterday
went off quietly, the dealers being desirous of
perusing their letters by the overland mail before
extending their operations. Rice has been steady.
Cocoa at higher prices, and rum quiet, at previous
values. Saltpetre has been inactive, and cochineal
rather lower. Tallow has ruled rather firmer, and
realises full rates.
It is now ascertained that all the gold by the
Mermaid and Blackwall has been taken for the
Continent. Even this supply has not proved suf-
ficient to satisfy the immediate demand, and
a further sum of 5,0001. was withdrawn from
the Bank yesterday. Most of the gold by
the .Blackwall. was secured for the Bank
of France, and as purchases of silver are
being prosecuted the drain from this side is ex-
pected to go on as rapidly as before. About 10,0001.
has been announced from Sydney this morning by
the Wooloomooloo, which has arrived in
eighty-three days, and further supplies are
expected in the course of the next fort.
night. Unless large remittances soon come in
and remain here, it is evident that the stock of
precious metals in the Bank of England must ma-
terially diminish. The Return to be published this
evening is expected to show a decline, but net to
any great extent. The Bank of France monthly
statement, published in an other column, is considered
encouraging, as it shows an increase in the bullion
and a decrease in the discounts and advances. Still
it appears that the authorities are compelled to ob-
tain assistance from this country through purchases
of gold, which, combined with the demand for
silver, necessarily lead to a heavy exportation from
this side.
At the special meeting of the East Kent Rail-
way Company to-day, Sir John Tylden in the chair,
a resolution was pasQed for raising 233,3331. on de-
bentures, notexceediug 5 per cent. per annum.
The annual meeting of the Van Diemen's Land
Conapany is just terminated. The report was, on
the whole, satisfactory, showing an increase of land
sales, and that a new settlement was being planned
out under favourable prospects. It appeared from
the accounts that a balance of 2,9861. was at
bankers. A dividend of 10^. per share was declared
at the end of 1856. The report was adopted.
No alteration of importance has occurred in the
English Stock Market to-day, and the prices have
remained at their previous range. A few opera-
tions have been effected, but they were not of a
nature to influence values. The expectation that
the Bank of England return to be published this
evening will prove unfavourable tends to depress
the market, but it is the general position of mone-
tary affairs which has most weight with the opera-
tors. Consols have been 931 for money and
9311 for the account. The 5 per Cents. have been
dealt in at 1141. Exchequer Bills are par to 3s.
premium and the Bonds 981.
The transactions in the Foreign Stock Market
have been of a very limited character, but in most
instances at fully former quotations. Peruvian
4i per Cents. 78i. 1, Spanish 3 per Cents. 41.
Mexican were firm at 22k, and Turkish 6 per Cents.
improved to 971.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexi-
can, 22i 23 ; Peruvian, 41 per Cents., 78 80 ;
ditto Three per Cents., 55 57 ; Portuguese 3 per
Cents., 45 46 ; Russian 5 per Cents., 107 9 ; do.
4i per Cents., 97 99; Spanish 3 per Cents., 411 41/•
ditto New Deferred, 241 5 ; Ditto Certificates,
61 ; Ditto Passive, 5i 6.
Messrs. D. Bell, Son, and Co., repoit that there
has been increased activity in the market for Ame-
rican Securities during the past week. A fair de-
mand has existed for State stocks, and a fresh bu-
siness has been done in the favourite railway
bonds

GOVERNMENT SECURITIES.
Redeemable. Per Cent.
United States 6 per Cents. 1867-1868...1051 106
United States 6 per Cent. Bonds 1868...1051 106
Alabama 5 per Cent ... 78 80
STATE SECURITIES.
Maryland 5 per Cent. (Sterling Bonds)
Massachusetts 5 per Cent. (Sterl. Bonds)
Mississippi 6 per Cent. Pl. Bk
Bonds lB4l-1871...40 42
Mississippi 5 per Cent. Union Bk Bonds ... 16 18
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds 1877... 80 81
Tennessee 6 pe- Cent. Bonds
Virginia 6 per Cent. Bonds 1886... 821 83}
Virginia 5 per Cent. (S:mriing Bonds) 1888... 84 86

... 89 91
_lOl 102

LOANS OF CITIES.
Montreal 6 per Cent. Bonds 1856-1865... 82 84
New Orleans 6 per Cent. Stock 1883... 75 77
_ _

RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 913 923 1'
Illinois Central 6 per Ceat 1875... 87 89
Illinois Central 7 per Cent. Freeland
Bonds 1860...108 110
Illinois Central (Shares), $3O paid ... 32 33 p
Michigan Central Bp. Cent., Convert 1860... li
Do. do. do. 1869... 91 92
New York Central 7p. Cent., Convert 1864... 93 95 t
New York Central 6 per Cent., not
Convertible 1883... 80 82 ,
New York and Erie 7 per Cent. 3d Mort-
gage 1883... 85 87
N. York and Erie 7p. Cent. Convertible 1862... 80 82
N. York and Erie 7 per Cent. Sinking
Fund 1875... 83 F 5
Panama 7 per Cent., Ist Mortgage 1865... 9'.
Pennsylvania Central 6p. Cent., lat Mort 1880... 89 Q 0
The Railway Share Market, this morning has _
exhibited increased heaviness, and a depreciation
in values to the extent of fully to per cent. has
taken place on most of the chief lines, more par-
t;cularly in Great Northern, the decline on which
is about it. 10s. Brighton have receded 55., South-
Western ss. Midland ss. North-E astern (Ber-
wick) ss. to 10s. North-Eastern York ss. Oxford,
Worcester, and Wolverhampton, ss. ; and South-
Eastern 10s. Very little business has been done
in the Foreign and Colonial undertakings.
Paris and Lyons declined ss. Sambre and
Meuse, Lombardo-Venetian and Great Western of
Canada were dealt in at yesterday's quotations.
In Mining Shares the only tralpaction reported
on the Stock Exchange has hepn in Unii-pd Mexi-
can at 41.
Joint-Stock Bank and Miscellaneous are very in-
active. City Bank have fallen 11 10a. ; Ottoman
Bank, ss. to 10s. ; and Union of Australia, ss.
Canada' Land Shares have improved 2.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List:)
Bristliest. done
Rank Stock Shut
8 per Cent. Reduced Annuities 93
93f
3 per Cent. Consols Annuities
11.14
5 per Cent. Annuities 2 d
intim Bonds, £lOOO .......
• Conseil; for Account .................... ......
Etchequer Bills, 2i4•
i:1°00 ... ........ ..... ......
par
Small ...............................
Small ............... par
. .
Ditto Bonds, 1858, 3A por Cont. ..........
Ditto, 1859 .......
PRICES OF ii;il,-17:1"N.".F.UNDS AT ONE O'CLOCK.
Mexican 3 per Cent ............ .
Peruvian Bonds 4i per Cent .... . ..... .
Bpsnis4 Boucle, 3 per Cent. ........
- Ditto Account ..
Turki b h Bonds, 6 1;Z; cent _
Ditto Account .. .
nis ....
Dtvide ..
71' wan.... payable 97
" tae
In. London.
Consols, mono TWO O'CLOCK.
Ditto for acc..........=::_0uYn.i............................. 733 1
T

211 E DROGHEDA STRIBE.--T—he—magistrittell issued a
proclamation yesterday, announcing their determination ,
to put down the lawlessness of the hand-loom weavers lk
now on strike. About 2,000 men are idle, and great ex- II
citement still exists. Acts of intimidation are frequent.
The late arrivals of Australian gold were delivered
yesterday, and nearly the whole was purchased on ac-
count of the Bank of France. The remainder scarcely
suffiied for the general wants of the market, and about
5,000/. was taken from the Bank.
THE AMERICAN MAlM—Southampton, Wednesda 11
y.
—The United States' mail steamship Arago, Capt. Lines, arrived in the river last night from Havre, and
sailed ;
hence for New York at noon to-day, with the English,
French, and German mails. She takes out 90 passen-
gers from Havre, and 14 from Southampton ; $132,000
in specie, value about 26,4001. sterling, from Havre ;
li
1,356 Spanish doubloons, value 4,7001., from Southarnp.
ton ; and 475 tons of general cargo. The Fulton, Capt.
Wotton, belonging to the same line, is due at this port
from New York on the 18th inst.
SECRET SERVICE.—Tke estimate for "secret service"
for the current year is 32,0001., and 10,0001. is to be 11
Toted " on account."

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