The Sun.
London, England, 1857-10-16 00:00:00

iVIONEY

€ARKET

ANT)

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday closed
with a very heavy appearance, and prices of all
descriptions were fully 1-Bd. per cent. lower.
The sales were estimated at 2,000. The Railway
Share Market closed quietly, and values were
without any material alteration.

Owing to the disturbed state of monetary affairs,
and the caution which it was thought prudent to
exercise in all departments of busines4, theMincing-
lane markets have been rather dull during the
week and purchases have been confined as much
as possible to immediate wants. Speculation is
necessarily at a stand, and those articles in which
there has recently been an extensive amount of
this description of enterprise are now at rather
lower quotations. Sales have been checked
and a desire has been shown to contract
operations as much as possible. Sugar has been
in limited request, and a large quantity of that
brought forward at the public auction has been
withdrawn, no offers having been made by the
trade. The consequence has been that business
has been almost suspended, and in order to effect
sales a decline has been submitted to. Coffee is
quiet, and the few operations reported have been
at previous rates. Tea is dull, and common
congou is obtainable at 13id. per lb. for
cash. Rice has been in very limited demand,
and the prices are quoted 6d. to 93. lower.
For spices the prices have. not undergone any
sensible change, and the transactions have been
limited. In consequence of the more favourable
intelligence received from India, the market for
saltpetre has become depressed, and the quotations
are now 3s. 6d. per cent. under those current last
week. Tallow has been quiet and P.Y.C. is 575-3 d.
3d. per cent. on the spot. Indigo is in demand,
and the sales are proceeding without alteration.
Firmer prices are fully maintained, but dry
leaf Madras parcels have generally been withdrawn.
The quantity already sold is 2,050 chests. The
public sales of wool will take place early next
month, and very high prices are expected to be
realised. Up to the present time 32,000 bales have
arrived, but as two or three vessels have just arrived
from Australia, some addition to the stock may be
expected.

At the meeting of the Copiapo Mining Company
to-day, a resolution was passed for proceeding with
the works of the Copiapo Extension Railway Com-
pany, involving au outlay of about 187,0001.
The arrivals from Australia are important.
They in&ude the King Phillip with 160,0001., the
Omer Paella with 3,0001., and the Royal Charter
with 360,0001., making a total of 523,0001. The
last named vessel has arrived in 63 days.
The rate of discount at Hamburgh has been fur-
ther augmented, namely, to 9 per cent., and it is
evident from the intelligence received from some of
the other countries that the Present monetary dis-
turbance is likely to become still more serious.
These fluctuations aro, however, very frequently
produced by the last pressure, and they do not at-
tract very much attentioe, especially when the
public mind i 3 so much occupied with the consi-
deration of Indian and American affairs. The
Swedish Government has published the particulars
of a proposed loan for nearly a million and a quar-
ter sterling, hut it is questionable whether the con-
tractors will be enabled to raise the requisite amount
so easily as is anticipated.
Tne intelligence from India is considered of a
satisfactory character, and the accounts, both in
regard to the movements connected with the
revolt and the p )sition of monetary affairs, are
certainly less discouraging than could have been
anticipated. The most unfavourable feature is
the advance in the exchanges, which* may lead
to further large remittances of silver ; but the
existing discount restrictions will check the move-
ment, and if continued arrivals of gold take
place from Australia we may be enabled to main-
tain our stock of bullion in the Bank of Eng-
land at a favourable point. The return to be
issued this evening will, of course, show some
very remarkable and unsatisfactory change, but
as these may have been partly discounted they
will not be likely to cause much variation in
the Funds.

This influx of specie has increased the feeling of
confidence now visible, and it only requires satis-
factory intelligence flow America to produce gene-
ral buoyancy. The Funds have advanced per
cent., and a large amount of Stock has been pur-
clthsed, both on speculation and for investment.
All the markets have improve 1, and the tendency
is still upwards. Consols have risen to
88,1 for money, and 881 for November
10. They are now, however, a fraction lower•.
The New 3 per Cents. are 87 ; Reduced 87.
India Bonds 30s. discount, and Exchequer Bills
about 10s. to ss. discount. Bank Etock is 211
to 213.

In the Foreign Market a moderate business has
been done, and the quot.tione are higher.
Turkish 6 per Cents. have risen to 88 f I, and the
4 per Cents. are 972 to 98. There have bean
numerous transactions in these securities. Spanish
3 per Cents. Deferred are 25g ' • Sardinian 891 ;
Portuguese 3 per Centt. and Peruvian 4i per
Cents 761.
The following are the nominal prices of Foreign.
Stccks : Grenada Deferred Bonds, 5 6 ; Mexi-
can, 19 19i ; Peruvian 4i per Cents., 75 77 ;
ditto 3 per Cents., 52 54; Portuguese 3 per Cents.,
43 44 ; Russian 5 per Cents., 105 108 ; ditto 414
per Cents., 95 97 ; Spanish 3 per Cents., 40 40i ;
ditto New Deferred, 25 251 ; ditto Certificates, —;
ditto Passive, .
Messrs. D. Bell, Son and Co., give the following
as the prices of American securities :

GOVERNMENT SECURITIES.
Redeemable. Per Cent.
United States 6 per Cents. 1867--1868...105 107
United States 6 per Cent. Bonds 1863...105 107

STATE SECURITIES.

Alabama 5 per Cent
... 78
Maryland 5 per Cent. (Sterling Bonds)... 89
Massachusetts 5 per Cent. (Sterl. Bonds). 56
Mississippi 6 per Cent. Pl. Bk.

_ _...
Bond;
Mississippi 5 per Cent. Union Bk Bonds ... 18
Pennsylvania 5 per Cent. Stock
.. 71
Pennsylvania 5 per Cent. Bonds '877.... 78
Tennessee 6 per Cent. Bonds
...
Virginia 6 per Cent. Bonds 1886... 80
Virginia 5 per Cent. (Sterling Bonds) 1888... 81
LOANS OF CITIES.
Boston 4 per Cent. Bonds 1883... 90
Montreal 6 per Cent. Bonds 1856-1865... --
New Orleans 6 per Cent. Stock 1883... 74

RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1475... 73 80
Illinois Central 6 por Cent 1875... 78 80
Illinois Central 7 per Cent. Freeland
Bonds 1860... 88 90
Illinois Central (Shares), $3O paid....
... 6 d 4 d
sliehigan Central Bp. Cent., Convert 1860... 80 82
Do. do. do. 1869... 81 83
New York Central 7p. Cent., Convert 1864... 85 88
New York Central 6 per Cent., not
Convertible 1883... 75 78
New York and Erie 7 per Cent. 3d Mort-

gage 1883... 63 65
N. York and Erie 7 p. Cent. Convertible 1862... --
N. York and Erie 7 per Cent. Sinking
Fund 1875... 53 55
Panama 7 per Cent., Ist Mortgage 1865...
Pennsylvania Central 6p. Cent., Ist Mort 1880... S 5 87
Railway Shares were dealt in to a very limited
ext,nt, but a slight itril rovement took place iu
prices. Lancashire and Yorkshire and Midland
improved ss. ; Eastern C mnties, Great Northern,
South-Western, North British, North-Ea,,tern
(Berwick), and South-Ea tern, 10s. Great Western
and North-Western decline I 55., and Caledonian
10s. In the Foreign lines there was little
buiiness transacted. Paris and Lyons declined
about 55., but Great Luxetnb,ftirg, Namur and Liege
were a shade higher. The Colonial lines were firm.
East Indian improved ilk Grand Trunk of
Canada, ; and Great Western of Canada about
10g.

Mining shares were very quiet. Cobra Copper
43k.
Joint-Stock Bank and Miscellaneous shares were
dealt i❑ to a moderate extent, bnt exhibited little
variation in values. Bank of Australasia declined
153., London Chartend of Australia improved 55.,
Electric Telegraph improved ids., and National
Discount Company about ss.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK..
(From the Offictal List:l
rusinees done.
dAnk Stock
3 pee c :cm. Reducod Annuities
3 per Cent. Ccueole Annuilioe BB 74 83 d
Ne v 3 par Cont. Annuities 87.1 7 i
L, 1,? Annuities, expire Etti .Jau. 1360....„ 2 146
i).tto 39 Years, expire nth April, 1385 l7 7-16
f, ,ii 7.-. Bonds, $210)0
Oa eels for Accoun',
1- z the:uer Bills, zit!.
1000
. ..
Snail
... 00000 . •
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
B:•azilian 5 per Cent.
Peruvian Bonds, 4i per Cent 764
Portuguese Bonds, 5 per Cent., Con. 1841 ---
Ditto 1853, 3 per Cent 43i
Sa-dinian 13ouls, 5 per Gent. ...., ..... ..••• 891
zip .r.itl Bends, 3 per Cent.
Dittc row Deferred, 3 per Oen'. --
1) tto Account
Turkish Bonds, 6 per cent
Ditto Account B7, i 8.1
Ditto Guaranteed, 4 per Cent,
Ditto Account
Dividends on the above payable.in Lonlon.
TWO ( PO LOCK:.
Cons ils, money
Consols account ... 881 if