The Sun.
London, England, 1857-09-25 00:00:00

MONEY MARKET

AND
COIW Fa ER JAL INTELLIGENCE,

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
quietly, and prices were without any materiel al-
teration. The sties amounted to 6,000 bales,
1,000 of which were taken by the speculators.
The Railway Share Market closed with a steady
appentan.co, at a slight improvement in the rates
of all the leading stocks.
Although the produce markets may be considered
quiet, there is a steady demand for all the principal
articles of consumption, and prices, consequently,
remain firm. Sugar, at publtc sale, is readily dis-
posed of, especially inferior kinds, which are wanted
for exportation, and most kinds realise previous
quotations. The Dutch Trading Company's sale
held in Holland yesterday consisted of 22,312 bas-
kets of Java, which went at about 6 guilders be-
low the rates obtained in July last. This reduc-
tion brings the quotations down to the currency
here. Coffee and tea are firm, and rice, though dull,
is not cheaper. Saltpetre has been at enhanced prices,
indigo is maintained, and tallow remains heavy.
We alluded yesterday to the failure of a private
banking establishment. It is that of Messrs.
Harrison and Watson of Hull, an old and respect-
able firm, whose embarrassments it is presumed,
have been chiefly caused by imprudent advances in
the Hull Flax and Cotton Mills Company, now in
process of winding up. This concern bad a capital
of 337,5001., but it now owes 280,0001. on deben-
ture and banking account, and has expended
360,0001. on buildings and machinery. This result
Was wholly unexpected, as dividends of 122 per
Cent. have been paid, and some of the shareholders,
dreading the responsibility of their situation, would
be glad to give a bonus of 201. per share to transfer
their liability. .No statement has been made as to
the assets and liabilities of Messrs. Harrison and
'Watson.

The directors of the Mercantile Bank of India
have announced a dividend of 5 per cent., and
bonus, being equal to 7 per cent. for the half-year
ending the 30th June.
A further improvement took place on the Paris
Bourse yesterday, the 3 per Cents. having closed
at 67.30 for money, and 67.35 for the end of the
month. Railway Shares generally advanced 10f.
to 15f. It is said that a demand has arisen for
Itussian. Railway Shares, and the price is 5124- per
WO franc share. _ _

At the meeting of the shareholders of the Gee-
long and Ballarat Railway Company to-day the
resolution for winding up the Company, passed at
the former meeting, was confirmed. The sum re-
turnable will be 11d. per share on the whole capital.
The Money Market is rather easier as regards
the demand, but full rates are still paid for discount
accommodation. An increas,cl inquiry will no
doubt soon prevail, owing to the preparations for
the 4th of the month, and the specie remittances to
India and China at the same period.
There is no new feature to report in connection
with the English Stock Market, which remains
lu a most inactive state. Business is at a com-
plete stand, and the quotations are almost
honainal. No revival is anticipated until the
Overland Mail is announced, when the course of
quotations will be defermined by the nature of the
intelligence. The public, as investers, as well as
the speculators, keep aloof, and the market, al-
though dull, continues steady. Consols for trans-
fer have been 90 to 94 ; and f,r account, 901 -a.
India Bonds, under 1,0001., are marked 255. dis •
count ; and Exchequer Bills are 10:s. to Gs. dis-
count.

Several transactions have been recorded in the
Foreign Market, and prices are generally firm.
Turkilth 6 per Cents. are marked 941 H, and the 4
Der Cent. guaranteed are nominally steady. Spanish
3 per Cents. are 403. Russian 5 per Cents. 1091 ;
ditto 41- per Cents., 984 ; Peruvian per Cents.,
; Portuguese 3 per Cents., 44i-, 45 ; French
3 per Cents., 67f. ; the Exchange, 25f. 200. ; and
uutch 24 per Cents., 64a.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, N- 6 ; IVlex--
can, 211 ; Peruvian 4i per Cents., 78 80 ;
ditto 3 per Cents., 55 57 ; Portuguese 3 per Cents.,
45 46 ; Russian 5 per Cents., 109 111 ; ditto
4i per Cen'zs., 97 99 ; Spanish 3 per Cents., 40± 1 ;
ditto Deferred, 253 Y ; ditto CertificAes, 51 6 ;
ditto Passive, 51 6.
Messrs. D. Bell, Son and Co., give the following
the prices of American securities :

GOVERNMENT SECURITIES.
Redeemable. Per Cent.
tr,..nited States 6 per Cents. 1867-1868...104 105
united States 6 per Cont. Bonds 1863...104 105

STATE SECURITIES.
Maryland
5 per Cent
,laryland ery Cent. (Sterling Bonds)
Massachusetts 5 per Cent. (Steil. Bonds)
Mississippi 6 per Cent. Pl. Bk
Mississippi
1841-1871... 40 42
atjasissippi 5 per Cent. Union Bk Bonds 18 20
Pennsylvania 5 per Cent. Stock
'ennessee
ennsylvani 6 per Ca 5 per Cent. Bonds ........ 78 80
ent. Bonds
viiginia 6 per Cent. Bonds 1886... 80 82
Virginia 5 per Cent. (Sterling Bonds) 1888... 81 86
LOANS OF CITIES.
teston 0; per Cent. Bonds 1833... 90 92
~.kontreal-6 per Cent. Bonds 1856-1865...
Aew Orleans 6 per Cent. Stock 1883... 74 76

... 78 -
... 89 90
_lOO -'

RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 80i 81
Illinois Central 6 per Cent 1875... 80 83
Illinois Central 7 per Cent. Freeland
Bonds 1560... 91 93
Illinois Central (Shares), f,„30 paid ld par
Michigan Central 8 p. Cent., Convert.. _l°6o
Do. do. do. 1869... 85 87
New York Central 7p. Cent., Convert 1864... 84 86
New
York Central 6 per Cent., not
Convertible 1853... 75 78
New York and Erie 7 per Cent. 3d Mort-
gage 1883... GS 72
N.
York and Erie 7 p. Cent. Convertible-1862._
41 • York and Erie 7 per Cent. Sinking
Fund 1875... GO 65
~_Panama 7 per Cent., Ist Mortgage 1865...
Cannsylvania Central 6p. Cent., Ist Mort 1880... 85 87
A. rather large business has been transacted in
Railway Shares this morning, but prices, with one
or two exceptions, have exhibited a downward ten-
dency. Great Western, South Western, North
Western, receded ss. ; Midland, ss. to 10s. ; North
Eastern York, 10s. ; and South Eastern, 15s. ;
Caledonian improved 7s. 6d.. ; Brighton, ss. ; and
Great Northern, 1/. Prices in the Foreign
Undertakings are quite noininfd, no business what-
ever having been reported. The Col, nial lines are
eat. Grand Trunk of Canada have advanced about
10s., and Great Western of Canada declined ss.
ast Indian receded 15s.
For Mining shares there is a steady inquiry,
and prices are firm. Alfred Consols realise 131 14,
North Wheal Bassett 16, and Brazilian Imperial 2.
Joint Stock Bank and Miscellaneous Shares nre
inactive at about former quotations. Bank of Aus-
tralasia des:lined 55., and London Chartered of
Australia ss. Berlin Water Works and Peel Myer
Land realised previous values.

St.
St.
St.
50
20

St.
20
St.
St.

20
20
10
St.