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London, England, 1857-04-03 00:00:00

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MONEY MARKE

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.
The Liverpool Cotton Market yesterday was
quiet, and prices remained without any alteration
from those cutrent last week. The sales were
estimated at 6,000 to 7,000 bales, 1,000 of which
have been taken by the exporters. In the Railway
Share Market the advance in the rate of discount
has caused a decline in all the leading stock.
The trade of Manchester during the past month

is thus reviewed by Messrs Greenhow, and
Irving :—lnactivity has bean the prevailing feature
, of the month here, unrelieved at any time, except-
ing from the tendency of the accounts by the Over-
land Mail in the early portion of it, which had the
effect of further originating and. stimulating consi-
derable purchases in suitable goods and yarns for
India. Contracts were entered into largely, at an
advance upon which previous operations had been
entered into. Unusual as it is, and will appear, the
affect had no extended application, as in nearly all fo r-
iner instances favourable accounts from this source
of most important coasumption have been gene-
rally attended with a strong and exercising influ-
ence upon the productions of this district generally.
But then the absence of satisfactory accounts from
China necessarily interposed and negatived, to an
extent, the influence which would to a certainty
have resulted. There is now, howe7er, a reason-
able probability that better accounts will soon be
brought to bear in connection, and inspire a course
of greater activity generally, at home and abroad.
Influentially good accounts from India and China,
We repeat, contribute more to create a feeling of
assurance and of direction in this market than from
any other quarter of the globe.
From each quarter there is a certain importance,
but few of them collectively have the same weight
attached. We mention and. instance this as an im-

portant and peculiar feature. The progress of the
month has necessarily been influenced by the con-
tinued high price of cotton, which evidences cer-
tainly no ground for diminution in the meantime,
and the general belief that prices here, in the ma-
nufactured state, cannot undergo any change mate-
rially in a downward direction, and from a necessary
caution on the part of buyers and of producers,
that as prices are now ruling very high,
comparatively, ,a necessity is .imposed upon all
interested to produce and to purchase only such
as may be actually necessary. A great avoidance
on the part of manufacturers is as everywhere evi-
dent as it is on the part of purchwers to • operate.
Then, too, in reference again to the action of this
market, the concluding portion of the month has
likewise necessarily been much interfered with by
the excitement and attention consequent upon and
arising from the general election. Very little
business has been done during the last week.
The Markets for Foreign and Colonial produce
this week have been rather more active; and en-
hanced terms are now current for some of the prin-
cipal staples. For sugar there is a good inquiry,
Owing to the approach of the period when the new
duties will come into operation. A rise of 6d. to
lv• per cwt. has taken place. Coffee has also been
in brisk demand, and good coloury plantation is
3-e. to 2s. dearpr. Cocoa is without change. Rice
quiet, with a moderate demand at previous prices,
and tea has been steady at is. per lb. fur common
congou: Spices were in moderate request early in
the week, and nutmegs, mace, and cloves are
dearer. Pepper has been at a slight decline. Salt-
Petro has receded is. per cwt. Cochineal is steady,
and tallow is at nominal rates.
The Money Market is in a very stringent state,
and there is an active inquiry for discounts at the
enhanced terms. The allowamce for deposits
18 now 5i per cent., and the discount estab-
lishments give 5 per cent. for the use of
capital "on call." The alteration in the Bank Late
has continued to excite attentio:n in City circles,
but with large arrivals of gold an improvement
is soon expected in thdigeneral condition of mone-
tary affairs.
The Austral from Australia hag arrived, but the
amount of specie she has on board has not yet
transpired.
The steamer Colombo which lea:yes Southampton
te-morrow for India and China takes out the fol-
lowing amount of specie :---
Boin‘nty (silver) 4250,378
Ceylon (gold)
Madras (gold) • 4,993
Do. (silver)
Calcutta (silver) 185,845
Penang (silver)
.... 12,109 •
Singapore (silver)
Hong-Kong (silver)
Canton (silver)
Shanghai (silver) „ 161,709

Total . £788,684
There has been increased firmmess in the English
Stock Market, although business :is still very much
contracted. The decline, however, has not made
further progress, and as the advance in the Bank
rate will check the efflux of gold, and so exercise a
favourable influence, it is probitble the market
will further tend upward. Consols have been 93/
for money, and 93g for the 7th, but they are now
i Per cent. lower. The price for May is 93! a.
he New 34 per Cents. are 100, and the June
-Nrchequer Bills 6s. to'2s. discount. India Stock
is 222.
In the Foreign Stock Market the dealings have
been
very limited. Mexican have been steady at
and Peruvian realise 771. Spanish Com-
mittee's Certificates were dealt i n at 64. Turkish
6 per Cents. are nominally quoV;ed 971 and the
4 per Cents. Guaranteed 1001. Dutch 24 per
Cents. are steady at 65k, and tb,a 4 per Cents. at

The following are the nominal, prices of all the
leading articles :—Grenada Deferred Bonds, 61 7 ;
Mexican, 23g ; Peruvian, 77 9 ; do. 3 per Cents.,
54 6 ; Portuguese 3 per Cents,, 441 51; Russian 5
Per Cents., 104 6 ; ditto 4/ per Cents., 97 9 ;
Bpanisb. 3 per Cents., 411 ; ditty) Deferred, 2511;
ditto Certificates, 61 f ; ditto Pa ssive, 5.12 6.
In the Railway Share Market this morning
there has been a very moderat a business -trans-
acted, and in almost all cases at reduced quo-
tations. Bristol and Exeter declined 11.,
Caledonian 10s., Eastern Cou: dies 55., Great
Northern ss. i'to 10s., Great Western 11., Lan-
cashire and Yorkshire 11., Lcc.,adon and North-
Western 10s. South-Western 55., Midland
1„,;8•3 North-Eastern (York) 1.55., and South-
-eastern 10s. The French lines rule at steady
rates. Eastern of France, Northern of France,
and Paris and Lyons b Bing at previous
Values. Grand Trunk of Cal aada have declined
about 21., and Great Westei-n. of Canada ss.
Geelong and Melbourne, Dutch, Rhenish, and East
Indian are at previous rates.
In Mining Shares prices have slightly improved.
Alfred Consols advanced Ss. ; Cocoes ss. ; United
Mexican declined ss.
Joint-Stock Bank Shares are very inactive.
Bank of Australasia advanced 10s. Ottoman Bank
declined ss.
The Miscellaneous Shares a:re dull, but realise
steady prices. Australian Agricultural, Electric
Telegraph, National Discount Oompany, and Pe-
tinsular and Orient.l Steam, were dealt in at
previous quotations.

FUNDS.—CLOSING PRICES —TB IS DAY.
(From the Offinal Lists) _ _

_ -
0, . Bustle., dont.
N
. PerTACent. Console Annuities -
93R i i ~..-e,
In
''''
:124
per Cent. Annuities lOO i s
dia Stock
Ditto, under £lOOO . 5 1 d
etuots for A.ccount • .. . 93,1. i 4
'-'4ohequer Bills, 2te. March. I June.
Eseo
41000 62 d
.6 2 d
m4araall
-10 Bonds, 1858, 3i per Cent. .... ..... 98i 11
PIIICES OF FOREIGN FUNDS—THIS DAY.
..),,,,..h.
C`wian Bonds, 5 per Cent. lOO4 •
mcieuadorNew Consolidated
Ttlean 3 per Cent
p:', 'lto Account
-1171au Bonds 4i per Cent
pft, - 3 per Cent. 64
T,IIIMese Bonds, 5 per Cent., Cou. 1841
-11,'"Ltto 1853, 3 per Cent.
11-" to Account
ban Bonds, 1522, 2, St., 5 per Cent —
tto, 4i per Cent
Ditto S
mall
Tr'lxish Committee Cert. of Coup. not fun 6l i
rkiah Bonds 6 per cent
...... 97i
I)itto Account ....
.
Ditto Guaranteed, 4 per Cent.
Ditto Account
h Dit ,_ Dividends 3,1 ,to above •ay4blo in Lotuon.
-140/1 Exchange, 2iper Cont., 12 Guilders 651 .
tt,
- 4 Per Cent. Certificates 97 4 ..x d
bitto Account 97

A THREE O'CLOCK.
934
Consols, e
9
Ditto' ccounmonty
(April 8)