The Sun.
London, England, 1857-10-19 00:00:00

Mn
= . yMARKET

AND

COM:YIEROTAL INTELLIGENC],

Another Rise in the Rate of Discount.
CITY, THREE O'CLOCK.

The Bank of England have this afternoon raised
the rate of discount to 8 per cent. Consols are 88
to 88k.

The Liverpool Cotton Market on Saturday closed
with a firm appearance, and prices of all descrip-
tions were fully maintained. The sales amounted
to 7,000 bales, 2,000 of which were taken by the
speculators. The Railway Share Market closed
rather active, and a good business was transacted
at fulrquotations.
. In the manufacturing trade of the north of
England, the unsatisfactory intelligence received
from the United States, and the adverse situation
of monetary affairs, are exercising a prejudicial in-
fluence. The utmost caution is being observed,
business is visibly contracted, and the failures which
are occurring, promote au unsettled feeling This
state of things, however, must have been fully
anticipated from recent events, and on the whole
it may be considered encouraging that greater
inconvenience has not been produced. The
chief markets to which goods are sent, viz.,
the American, Australian, and Indian, are all more
or less depressed, and the result is that manufac-
turers are limiting their operations, and trade is
becoming very dull. In addition to the inactivity
of export businon other difficulties have to
be contended against, such as the high
rate of discount and the dearness of both
cotton and wool. In Leeds, however, there
appears to hare been a good deal of anima-
tion last week, the winter trade having sustained
the inquiry for goods, and the manufacturers and
others are preceding very cautiously. The effects of
the present disturbed condition of monetary concerns
az e consequentlyless severely felt than would other-
wise have been the case. At Bradford, on the contrary,
business has been very stagnant. At a recent
meeting of the creditors of Mr. Ferguson, stuff
merchant of Bradford and Manchester, it was stated
that his assets were about 24,0001., and the liabili-
ties 41,0001. Up to the present time the commer-
cial interest of Glasgow appears to have suffered
more than that of any other town. In addition to
the failures lately announced, that of Messrs. Whan,
M'Lean, and Co., of Glasgow, and Hamilton,
Canada, was reported on Saturday ; the liabilities
are supposed to be large.

The abstract of American news n'coived from
the outport, by telegraph, contained so much in-
fer' nation tilt the letters and papers delivered this
marning afford little additional intelligence, but
they fully warrant the presumption that some time
must elapse before the effects of the financial and
conamercial crisis shall have passed away. While
a portion of the New York press oppresses the
most gloomy views on the aspect of affairs, some
of the leading journals, on the other hand,
in cline to the belief that when the turning point
it attained a steady improvement will ensue.
The demand for money in Lombard-street and
at the Bank is still comparatively moderate,
and the supply is ample for all legitimate
purposes. Bill brokers and others, however, exer-
eis.e great discrimination with respect to the paper
they negotiate, and those firms who are not in the
enjoyment of good credit are necessarily much in-
oonvenienced. The continental money markets are
getting tighter, and the rile in the Hamburg rate of
discount to 9} per cent. has increased the appre-
hension that most of the banks in the other cities
will be compelled to impose additional restrictions.
It is now ascertained that the steamer Indus,
which leaves Southampton to-morrow for India
and China, will take out 777,1211. in specie. The
following are the particulars :
Aden (silver)
Bombay (silver)
Bombay (gold)
Ceylon (silver)
Ceylon (gold)
Madras (silver)
Madras (gold)
Calcutta (silver)
Calcutta (gold)
Penang (silver)
Singapore (silver)
Singapore (gold)
Hong Kong (silver)
Shanghai (silver)

£3,330 0 0
223,385 0 0
11,200 0 0
200 0 0
1,000 0 0
28,335 0 0
16,296 0 0
420,073 0 0
11,075 0 0
3,833 0 0
18,690 0 0
2,050 0 0
27,276 0 0
10,363 0 0

Total £777,121 0 0
The market for public securities has been very
heavy to-day, and when business commenced a de-
cline ofl per cent. was established. This depres-
sion !was mainly' produced by the unfavourabie
news from America, and the fel.r that the Bank
would immediately raise the rate to 8 per cent.
No alteration in the discount regulations having
been made, however, the market has since been
firmer, and a recovery of per cent. has taken
place. It is generally believed that the fall in tbe
first instance would have been greater if the
publiclhad not come forward as buyers. There is a
steady demand for stock, and this renders the
market some support. Consols for money have
been 881 f, and 88i 4. For the account they have
been 88i and 881 The present prices are
now 881 and 88i 1 respectively, being flatter
again. The New Three per Cents. are marked
87/ and the Reduced 88/ t, Bank Stock is 213,
Exchequer Bills are 10s. to 6s. discount, and the
Bonds 98g.
Foreign Securities are also rather depressed, and
a large business has been transacted. Turkish 6
per Cents. have declined to 87ii and they are
now 871. The 4 per Cents. are 97i. Some of the
other stocks have been as follows :—Brazilian 5 per
Cents., 100 ; Chilian 5 per Cents.. 102 ; Danish 5
per Cents., 1001 ; Mexican 3 per Cents., 19. ;
Peruvim 41 per Cents., 76.77 ; Ditto 3 per Cents.,
521 31 ;"Russian per per Cents., 951 ; Sardinian 5
per Cents., 89 ; Dutch 21 per Cents., 631 ; and
Ditto 4 per Cents., 971 4.
_ The following are the nominal prices of Foreign

Stocks : Greuada, Deferred Bonds, 5 6 ;
an, 19 19i ; Peruvian 4i per Cents., 75 77 ;
Portuguese 3 per Cents., 43 44 ; Russian 5 per
Cents., 105 108 ; ditto 4,i per Cents., 95 97 ; Span-
ish 3 per Cents., 40i 401 ; ditto Deferred, 25 25i.
A. deoline of about to 1 per cent. has taken
place on most of the leading Railway Shares this
morning, prices having been influenced by the de-
' cline in the Consol Market. Elstern Counties,
South-Western, and North Stafford declined 55.;
East Lancashire, Great Western, Midland, North-
Eastern (Ber wick), and South Devon, 10s. ; Lanca-
shire and Yorkshire, and South-Eastern, 15s. ;
North-Eastern (York), North-Western, Brighton,
Great Northern, and Caledonian, 1/. The Foreign
and Colonial lines were also slightly depressed.
Paris and Lyons receded 55., Grand Trunk of
Canada 21., and Great Western of Canada 10s.
Mining Shares have been neglected, and aro at
quite nominal rates.
Joint Stock Bank and Miscellaneous Shares have
been dealt in to a very limited extent. Bank of
Australasia have declined ss. ; London and West-
minster, Oriental Bank, and South Australia Now
Shares, were at previous values.

B ItITISII FUNDS.—CLOSING PRICES—THIS DAY
( Prom the Official List:)
Business done.
nit Stock ....................................... 213 4
p. r Cont. Reduced Annuities ............... 87* A 4
$ per Gent. Consols Annuities ............... 881 $Ai
Now 3 per Cent. annuities..,,,,,,
Loy; .......... 71
Annuities, expire sth Jan. 1860 ..... . 2
DJ 'itt
xdottu •.••.• • ........ i
23 d
• 9itto, under EMU

Col sots fur tcennot,
Le-chequer Bills, lid.
A:1000
10 6 d
MOO. ....................... .
....... ...... .
.Fxchequer Bonds, 185 S, per Cont 9;•31 :j
PRICES OF FOREIGN FUNDS—THIS DAY.
Brazilian 5 per Cent.
Chilian Bonds, 6 per Cent.
Danish Bonds, 3 pet Cent., 1525
M —l(`'
.4.n 3 per Cent
Peruvian Bonds, 4i per Cent
Ditto Account 77 6 7
......
Ditto 3 per Cent 533 2i
Russian , lan i,oir.is, .1.,52‘2
£ St., 5 per Cont.—
41) per—
Ditto, Cent:
Ss diniau Ilon.,:ii: 5 per Cent
Ditto Account ....
Sp ~iEll 3°1444, 1 nor ~.-,,,,.
Ditte !Jew Deferred, 3 per .c'• ri
IzPito Accodr.-:-: ........... -'.
Turkiti Bonds, f p:r coat: ..
••,...... •
•1
Ditto A.; -pint 4•71
Ditto Guarantc:(3,l, 4 per Coat.
Ditto Account ...

-

:-173,
••e,
66. i Gi 7

THREE O'CLOCK.
Consols, money
Con6ols for account, November 10,,.,,, 88b

........................ 97 5
Dividendi on ahove Payable in London. 2 5
A
Dutch Fa..'l ,c 4 per Con 12 Gnikters ;25
Do. 4 per Cent. GertiEces ......... 97A 7
-"z! O'CLOCh.
t 10')
100

id— iil

6i - 41'

.. •i : •1 • •
p 1

A -
98 -' 99 ,
- AP,

19 -- 21
40 -- 42
75 -- 80
191 -- IPi,
Tax --# pi
181 -18 i,
121 -- 211

104 - 108
104 - 103

98 —lO2
174 —18 i
191 191,
141
fid— i d

ia =i';

1O
44
4i

FOREIGN.
10 all lAntwrp &Rotterdam 5/ ---6 i 6
20 ° 18 Ardennes .•• ...
5 all Belgian East. Juliet i 1
20 16 Beziers to Graissessae ... „,
6 all Carrneaux&Toulouse
Coal Mines and Ry. 3i 4
20 12 Dutch Rhenish
20 all Eastern of France
20 all Do. New ..
20 2s. Euphrates Valley
...
20 18 iGt.. Central of France ... ,„
20 all 'Great Luxembourg... 5/ 6k 5i 61 51
10 4 Italian Junction •. •••
20 all Lake Const. & Bale ~..
20 all Lierre and Turnhout ... ...d
20 6 Lombardo-Venetian 2i 2Bp 981
5 all Lucca & Pist.sp.c.p. ... ..
20 all Lyons and Geneva , 24i —25 i
20 all Lyons & Mediterran. ... ...
33i all Maria Anteltia
10 all Do. New . . ...
20 all Namur & Liege
20 all Do. do. 6p. c. Prof lB/ 1911
16 all Northern of France 34i —34 t
10 all NorwegianTrnk•Pref 9 10
20 all Paris and Lyons 321 34 33i 32i
20 all Paris and Orleans
20 7 Reeife & San Fran ,
(Pernam.) g. 7p. c. 1i —11 d
10 7:1 Rums and Frascati,.,. ... ...
21) ali Royal Danish . ...
5 all Royal Swedish i -1
20 all Sambre and Meuse 6l 71
10 all Do. 5,i per cent. pref. 71 8
20 all Southern of France.. Z2i 23 .
8:1 all West Flanders 4l 5
,10 all ,Do. 51 per c. Pref
20 all W.&N.W. of France 25,1 2641
20 6 Western of Austria ,., ...
20 all West. of Switzerland ... ...
6 all Wiesbaden
6 all I Do.B p. cent. pref. ... ...
20 all Zealand
4000
.5101
itßkuansktra.JlfaolNT-STOCK BANKS.
Btarni.kcoo:BEL:::
.; 81::: 80
Lsioabildon
:05 18
50 all British
20 8 C.Bk.oft.dAmAuer&iecanh :::
___. ....d 57 9
n..Co.' 7..59, 4•
d
11
1000
0 , 252
500
(Commercial City,Colonial
.:.0..i.:i . . . o . . n. Cl 7: '..
.., —3
62
20 all ;Eng.Scot.&Aus•Obt. I'B
20 all Lon. Ch. Bk.of Aust. 171 --
11-8.81 18i
20 all IDitto New
50 90 i,ondon and County
~ •..
. $) Lnd.&E.Bnkng•Corp :: --
___ :"
50 jt) i London Joint Stock. ... ....., • • 31
100 20 .
l band.andWestminst. ... ..
476 i
I 100 35 National Pro. of Eng.
... .....
...:
20 1G 1.)c.). New
... ...
50 22A—cational Bank , ... _
... ~,.
90 ~,11 NowSolrth Wales..,,j
... _
... 00
95 ' all 'Oriental Bank Corp.! i'l.::4 _ 354 364
20 ; Cl) OtLonian Bank
100 '..:'-) Pro-rs'ine al of Ireland ,„„ , _
...
0. New.
10 .411 —c, &G.lin.co i. . ...
' 5 1 I. IR . Aus. D. - 33
25 all ,south Australia
'25 all 'Union of Australia ~ 59
..... 7
2IDo. New
26
150 10
101 .i 0 unitY MiltUal
....
ma
Union of London
100 50 Wootralt ofLoudr ii, _-