The Sun.
London, England, 1857-05-22 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The Liverpool Cotton Market yesterday closed
steadily, and prices were without alteration. The
sales were estimated at 5,000 bales. The Railway
Share Market closed firmly, and prices were well
supported.
During the week the transactions in Foreign and
Colonial Produce have not been extensive, but the
demand continues active, and prices are fully
maintained. There has been an absence of public
sales of sugar, but privately a moderate busi-
ness has , been done at previous rates, and
the advance realised at the Dutch auctions
has caused a slight upward movement here.
Coffee is firm but quiet, and for t-a the in-
quiry is limited. Rice has been in request at
late quotations, and cocoa is ls. to 2s. per cwt.
dearer. Saltpetre remains inactive, but tallow is
firmer. At the wool sales there is a good attend-
ance of buyers, and the biddings are animated.
Although no advance has occurred, the prices
realised exhibit increased firmness.
Nothwithstanding the general soundne=s of
trade, the protracted dearness of money leads to
an occasional failure among firms who are small, to
obtain the assistance necessary to carry on their
business. In addition to those lately noticed,
that of Messrs. M'Alpin and Nephew, has just been
announced, warehousemen ; and, although their
liabilities are small it tends to impair confidence,.
especially when several other establishments in
various branches of trade aro known to be in an
insecure condition. Should the existing stringency 54:
prevail much longer, as it no doubt will, there is 16
every prospect of several additions to the list of 3
these casualties during the year.
20i
The Istamboul, screw steamer, from Melbourne, st.'
bag arrived at Plymouth with 4 t,552 ounces of slot.
gold. The voyage has been performed in 79 days, io
showing the advantages of the auxiliary screw. T-1,
This supply of gold is opportune, but it will no 25
doubt be absorbed on continental account either for 25
the Bank of France or the purchase of silver. 't•
The demand for the latter metal is still active 10
owing to the amount required for remittance to
India and China on the 4th proximo, and it is
feared that most of the earlier receipts froni Aus-
tralia will be taken away instead of being deposited
in the Bank as was expected lx,fore the news arrived
from China announcing an advance in the rates of
exchange at Hong Kong and Shanghai.
Accounts from Panama state that her Majesty's
ship Alarm is expected there early next month
from Mazatlan; with 51,500,000 or upwards, so
that the imports of silver will no doubt be large,
and may prevent such an unfavourable movement
ef gold to the Continent as many apprehend ; but
there can be no doubt that the shipments to the
East will be maintained for some time, which from
time to time will give rise to an uneasy feeling.
Por money the enquiry is still kept within mode-
rate limits, and there is an entire absence of the
pressure complained of a week or ten days since.
The rate out of doors is maintained at 6i per cent.,
and on the Stock-Exchange full terms are paid for
advances.

A further decline of per cent. has taken place
In the English Stock Market, owing to renewed
sales, by those having Bull accounts open. The
Government broker, however, besides his usual
Purchase of 30,0001. Exchequer Bills, has bought
°onsols, but this has failed to give support to prices.
c
cnsols have been 931 i for account, and 93i for
tLI°IIeY• The New Threes are 921. a, and the
.educed
92 India Bonds are 7s. to 3s. dis-
count.

h,Yhe March Exchequer Bills are 53. to Gs. pre-
;int; and the June ditto 2s. to 3s. premium.
June
bas been given that the bills falling due in
6 and December will be paid off or renewed at
1111 the present rate of interest. The Bonds are 98i
to 99.

Foreign Securities are dull, and in some cases
rather lower. Turkish 6 per Cents. are 94 to 941, and
the 4 per Cents. 101/ Business has been offi-
cially recorded as follows :—Mexican 3 per Cents.
221 ; Spanish 3 per Cents. 41-i ; French 3 per
esnt3.6Bf. 75c. 50c. Exchange 25f. 30c., and Dutch
I Per Octns. 97.
kElha following are the nominal prices of Foreign
eks:—Grenada Deferred Bonds, 617 ; Mexie se,
;7‘cl
'2l 4; Peruvian 41 per Cents., 77 78 ; ditto 3 per
0 :tits., 531 ; Portuguese 3 per Cents., 45i 61 ;
naSian 5 per Cents., 105 107 ; ditto 41 per
D 6 98 ; Spanish 3 per Cents., 41± ; ditto
18 8 ; err d / ditto Certificates, 61 ; ditto
e
"%Ivo, 51 I.
11.1Vssars. D. Bell, Son and Co., report that during
4° "week there has been very little business in.
.4
tnerican Securities, and little change in prices.
GOVERNMENT SECURITIES.
1711 it Redeemable. Per Cent.
tr,. ed States 6 per Cents. 1867-1868...106 10°
3(.1 States 6 per Cent. Bonds 1868...106 106
kial STATE SECURITIES.
Ltax:ma 5 per Cent
—and 5 Per Cent. (Sterling Bonds)
14%achusetts 5 per Cent. (Sterl. Bonds)
aBIPPi '6 per Cent.
kteplds
18iapi 5 Cent. Union Bk. Bonds
74 _76
e44BYlv •
terint",_ ra herper Cent. Stock
.71V Ina 5 per Cent. Bonds ....1877... 80 82
vlrtin.es
see 6 per Cent. Bonds
"lini 6 r tl3 nds 1886... 831 84i
per .
°lltrea la per Cent. (Sterling Bonds) 1888... &I 86
LOANS OF. CITIES.
New 6er Cent. Bonds
*Orleansp 6 per Cent. Stock
1883... 75 77
RAILROAD BONDS.
llotisiCentral 7 per Cent. Ist Mortgage,
Ill';(•lanvertiblo 1875...
89
91
lltitt'r Central 6 per Cent 1875... 87 88
;()°,ll:ll,.Central 7 per Cent. Freeland
1860...107 109
Vle; ••
giehB Central (Shares), $3O paid ... 30 32 p
,igan Central 8 p. Cent., Convert 1860...
4"• do. do. 1869... 91_ 92
Doan
N,.° Central 7 p. 6
Centper.,
Cent. , Convernot t 1864... 92 94
o
tie ewaveork Centralrtible 1883... 78 80
Ng -4rk and Erie 7 per Cent. 3d Mort-
-1883... 84 85
N. Vr,"._ and Erie 7p. Cent. Convertible 1862... 78 80
"r" and Erie 7 per Cent. Sinking
I'4 1875... 82 84
Petiallia 7 per Cent., Ist Mortgage
.154aYlvania Central 6 p.Cent..lst Mort 1880... 89 91
be'lll4iness in the Railway Share Market has again
re ell very circumscribed, and the few transactions
tat):i.rted are in most instances at lower quotations.
eru Counties, Lancashire and Yorkshire, and
Great Western, receded ss. ; Caledonian, Chester
and
(Ice "1-°l37head, North Western, and North-Eastern
kk-rwick), 10s. ; Brighton improved about ss. ;
ti!lellester, Sheffield, and Lincoln, East Anglian,
tateltiabilLgh, Perth, and Dundee, realise previous
bnt at The French and Canadian lines are inactive,
1%14 to steady rates. Antwerp and Rotterdam,
Mini do-Venetian are a shade lower.
lovaPr 17g Shares are in better request, but at
,earatjahil„es• Wheal Edwards were 5a ; South
•Ke -11 ; East Basset, 65, and St. John Del
113 i in.
al.nt-Stock Bank and Miscellaneous Shares are
hha 1/311°st nominal quotations, and little business
clI• eened 5n reported. Australian Agricultural de-

... 78 -
... 89 91
... 98 100

114111811 FUNDS.—CLOSING PRICES—THIS DAY.
Pena Der
(From the Offictal Ltd.)
. Reduced Annnitiss 92 Business
done.
-eat
Der
935 “ii
lie_
~Cent. Consols etnrmities 1,,7 per Cent. Annuities 92f sI-
-0 ' 4 Bonds 13000
"—• 73 d
%Ws ?or Al '.'•' . • • • '''''
' . 931 i
D _ ....ceount ..................... ...... • •
'-'.rehequer Bills, 24 Mardi. I June.
1,000 ....
t6i) ...... .........
........
4 p {
Fitsan . ..... : .... .. ............................
..
..
..
Ditto Eo.r.ll3;iiiii,ii per ........ . ... ...... osg 9
Cilia?li.lCES OF FOREIGN FUNDS—TFIIS DAY.
.e.n
AtBonds, 6 per Cent ...................... 102 i
-J.3 per Cent ..............

Po - account .... 22a
yrtilguese Bonds, 5 per Cent., Con. 1841
Di
...
R tto 18:)6, 3 per Cent 46
ai:dinia.o R.-mis, 5 per Cent. ... ....... .... --
Dtt/1,410 Account 913
,i,h v;(..,,ifis, 3 per Cent. --
ta tbltto Account
TPallish Committee Cert. of Coup. not fun 6/ i
erltith ilonds, 5 per cent ...•• • .- . • —
1);tto Account
944 4 i
Ditto Guaranteed, 4 per Cent.
Ditto Account
10li 4
of :rfends en tee above ayaio la Lon...n.
French Routes 41 per Cent. Ditto ‘, ' 2
CBf. 75c. 50c. ex 25f. 30c.
1),. 0.. per Cent.
''-'4,-, •Flschange, 21 per 0011:.., 12 Guilders
Ditto 4 per Cent. Certificates 97
EE O'CZOCK.
Consols, move
... 7IIR
93 11
R 4.-4
......................... 0 .
Ditto, 4ceounty Vuue ..
4)
v...."