The Sun.
London, England, 1857-01-19 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

• CITY, Two O'CLOCK

The Liverpool Cotton Market on Saturday closed
steadily, and, compared with the rates current on
Friday, prices of all kinds were without alteration.
The sales were estimated at 6,000 bales. The
Railway Share Market was quiet, and prices were
rather lower.

The accounts received from the manufacturing
districts in the North of England generally repre-
ent the business of the past week as being satis-
otcry. There does not appear to have been much
activity, but full prices have been maintained for
most kinds of manufactures. At Manchester opera-
tions are still contracted, in consequence of the high
rates current for cotton, and the continued upward
movement. On this account, therefore, the aggre-
gate transactions have not been numerous, but,
owing to the increasing supplies of the raw mate-
rial, an early reaction is not deemed improbable.
At Nottingham there is not much alteration to
report, but fuller prices are demanded, and the
inquiry for most articles is quiet. In Leeds a good
deal of animation has prevailed, and at Bradford a
considerable business has been done in the worsted
department. The manufacturers are fully em-
ployed, notwithstanding the enhanced value of
cotton and wool. From Birmingham we learn that
the demand for iron is rather brisk, both for home
use and for exportation.

The advices from New York per steamer Europa
described the money market in that city as being
more stringent than at the date when the previous
mail left. The latest Banks Returnshows a consi-
derable augmentation in the loans and discounts,
with a material falling off in the specie. Until the
spring trade is over no relief is anticipated, and in
the meantime the commercial community are coin-
Polled to pay high rates for discount accommodation.
The meeting of the Union Bank of Australia has
just been held. The business passed off satisfac-
torily, a dividend of 10 per cent. for the half-
year (at 20 per cent, per annum) being declared,
out of the profits of the half-year, amounting to
90,5281. ls. sd. The report was very cheering as
to the future prospects of the trade of the colony,
and the affairs of the bank were stated to be in a
satisfactory condition. The reserve fund was now
200,000/. After some discussion the report was
adopted.

An important meeting of merchants, brokers,
and others is now in progress at the London
Tavern, to effect an alteration in the law respecting
delivery orders, warrants, bills of lading, &c., in
consequence of the late decision in the ca se of
Kingsford v. Merry. Baron Rothschild was in
the chair. A memorial to the Government was
adopted for an alteration in the law.
Although full rates are current, the demand for
discount is not quite so active, but this pause is no
doubt only temporary, as the requirements of the
commercial community are increasing.
The inquiry for silver is very brisk, and in
order to effect extensive purchases on the
Continent large quantities of gold are leaving for
France, dm. On Saturday 80,0001. was sent from
the Bank to that country ; and, in the absence of
Australian arrivals, these shipments must be tell-
ing rather seriously on the stock of the precious
metals at the national establishment.

Although tie aspect of the Money Market is by
no means encouraging, and little inclination is
evinced to enter into speculative operations, the
value of the English Funds remains without any
change of importance. There is certainly a
downward tendency, and prices are if per
cent, lower than on Saturday, but no vio-
lent fluctuations occur, and the appearance
of the market is quiet. Sales of stock have been
made for delivery to-morrow, which has no
doubt contributed to render the market heavy
and unsettled, but the aggregate transactions
are exceedingly limited. Consols for transfer
have been 931 and they are now about 93i 1.
For the account dealings have been recorded at
93i I. The New 3 per Cents. are 94 to 94i, the
Reduced 931 and _Exchequer Bonds 981 to 99.
The Bills are 2s. discount to 2s. premium. Bank
Stook is marked 216 to 218, and India Stock 220 to
221.

The Foreign Market is very dull. Turkish 6 per
Cents. are dull at about 941 to 95, and the 4 per
Cents. are nominally quiet. Spanish New De-
ferred are 231 ; Dutch 21 per Cents. 642 ; Guate-
mala Bonds, 60 ; Chilian 6 per Cents., 104 ; and
Buenos Ayres, 83k.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 7 ; Mexi-
can, 211 1 ; Peruvian, 78 79 ; ditto 3 per Cents.,
58 6 ; Portuguese 3 per Cents., 43 5 ; Russiau
6 per Cents., 106 8 ; ditto 4i per Cents., 95 7 ;
Spanish 3 per Cents., 40 1 ; ditto New Deferred,
23i 24 ; ditto Certificates, 51 6 ; ditto Passive,
61 6,

A very limited amount of business has been
transacted in Railway Securities this morning,
and in most instances a decline of about / to i per
Cent. may be noticed on the values of the principal
lines. Caledonian declined ss. ; Great Western,
108. to 15s. ; Lancashire and Yorkshire, ss. ; and
North Eastern Berwick, ss. North-Western,
riglaton, and South Wales, maintained about
previous values. The French lines have been
rather depressed, Paris and Lyons having declined
58. to 10s., Great Luxembourg receded 55., and
Dutch Rhenish ss. The Canadian lines rule ra-
ther lower, Grand Trunk of Canada being 51 to
62 ; Great Western, 24a i. East Indian are
steady, and Scinde are quoted 7i.
Joint-Stock Bank Shares are dull, and prices
have generally receded, with the exception of
Union of Australia, which have improved about
ios
In Miscellaneous Shares the Electric Tele-
graph, London General Omnibus Company, Peel
River, and Crystal palace
maintain previous quo-
tations.

BRITISH FUNDS TRIG DAY 4TT DNB O'CLOCK.
(From
the o.lActai List.)
....................... 218 16
Bank Stock . . . ... .....
o,enp, done
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities .............
New 3 per Cent. Annuities ....................... 0'431'
Now 24 per Cent. Annuities ........................ VB4
4
India Stock
Consols tor Account 221 2093 i
Exchequer Bills, 24d
£l000
£5OO .
Smell
Ditto Bonds, 1858, 3i per Cent
1859
PRICES OF FOREIGN FUNDS AT ONR O'CLOCK
Buenos Ayres Bonds, 6 per Cent.
Milian Bonds, 6 per Cent lO4
Guatemala Bonds, 5 per cent
Spsninh Bonds, 3 per Cent
Ditto New Deferred, 3 per Cent.
Turkish Bonds, 6 per cent
95
Ditto Account

nividen" on the Above nayable in Lenora.
Dutch Exchange, 2i per Coat., 12 Guilders 64i
TWO O'CLOCK.

Console, rconey 93i
Ditto Account • 931 I

Mr. Lumley, who has been in Paris a few days, has
left for Italy to conclude some important engagements
for the ensuing season at her Majesty's Theatre.
TIIIi MAILS.—SOUTHAMPTON, Jan. 17.—The Royal
Mail Company's steamship Orinoco, Captain Sawyer, sailed to-day, with the West Indian mails, 92 passengers,
specie (value 16,0001.), jewelry (value 2,4001.), and a
full cargo. The Peninsular and Oriental Company's
with
steams
the hip Tagus, Captain Chri,tian, also left to-day,
mails for Vigo, Oporto, Lisbon, Cadiz, and
Gibraltar, twenty-four passengers (13 first-class, 10
second, and one deck), specie for Cadiz (value 2,910/.),
and a general
leaves on the cargo of merchandise. The Pera, Capt.
soy, 20th, with the outward Indian mail ;
and the Azof,le ave Captain
the Skottowe, having completed
repairs, is to on same day for Bombay, to
take up her inter-colonial
Brooks, with the heav station. The Indus, Captain
left Malta at noon on y
malls,
of the Indian ails,
ected here about the 20th portion
10th inst., and may be ex-
J 210, with the Peninsular mails st. The Alhambra. Capt.
y , may be looked for about
the 24th. The Ava, Capt. G. Steinson, which left this
port in September, arrived at Calcutta in 77 days from
this, all safe ; this vessel is employed in conveying the
mails between Caloutta and Suhez.edThe Peniesular and
have pure
theas steamer
the Canadian
Oriental Company
Steam Navigation Companytl Calcutta Ottawa, of
1,200 tons, to be placed on
here from
and Suez line,
and she will be brought round
shortly for the purpose of fitting. The screw steamer
Harbinger, Mr.• 14 indsay, of tlie
Harbinger, recently bought
General Screw Company, for the Cape line, left here for
London this afternoon:

20
LI,
St.
7t.
20

20
20
L 7
20