The Sun.
London, England, 1857-05-18 00:00:00

MONEY MARKET

AND
CO.TEILIE,OIAL9INT:ZLLIC:4ENCII

CITY, Two o'CLocK.
Letters from Liverpool state that the Cotton
Market on Saturday closed quietly, but firmly, at
fully Friday's quotations. The sales were esti-
mated at 6,000 bales, 500 of which were taken by
the exporters. The Railway Share Market was in
an uncertain state, and quotations were a shade
lower than on Friday.
The letters received from the manufacturing
districts of the north still describe business as
being dull, the decrease of money and the high
quotation of the raw material checking production.
In many cases the mills are working short time,
notwithstanding Mr. Hankey's assertion in the
House of Commons, that the present position of
the money-market had no effect whatever upon
trade, which he alleged to be in a most
thriving condition in Manchester, Liverpool, and
London. The fineness of the weather, however,
exercises a beneficial influence ; and, in the event
of money becoming rather easier, increased activity
is shortly anticipated.
In Mark-lane to-day business is dull, and English
wheat is rather cheaper.
Although the pressure for money within the last
few days, both in Lombard-street and at the Stock
Exchange has been rather more severe, hopes are
yet entertained of an early alteration for the better,
as the engagements falling due during the re-
mainder of the month are not believed to be heavy.
This increased demand has chiefly emanated from
the Stock Exchange, and parties associated with the
movement of the precious metals. Since the Bank
refused to continue their practice of granting loans the
jobbers find great difficulty iu raising the means to pay
for any large amount of stockthat may be thrown upon
the market, and they are compelled to submit to
usurious terms for the accommodation required.
This necessarily has au unfavourable effect upon
the general discount market ; but it is contended
that, with a large importation of gold and a limited
export inquiry, the Bank will steadily acquire
strength, which will soon enable the Directors to
modify their minimum. Th el ate accoun ts from Chic a
reporting an advarce in the rates of exchange at
Hong Kong and Shanghai seem to have given
rise to some uneasiness lest the shipments of silver
should again become extensive, but there is really
no just cause for alarm on this point, as all will
depend upon the quantity of tea and silk required.
At present the accounts relative to the progress of
the silk crop iu the south of Europe are sa-
tisfactory, and if the yield should prove of an
average character, an alteration in the ex-
changes will, no doub', take place when
the intelligence arrives out. In the south of
Italy the opinions expressed as to the probable
harvest are favourable, but it is too early to form
any estimate of the probable produce of the north-
ern districts. From the south of France also, the
accounts were generally encouraging. During the
next fortnight, the advices from this quarter will
be perused with much interest, as the satisfactory
progress of the money market is greatly dependent
Upon the result of these crops.
Last week the imports of specie amounted to
about 500,000/ , and the exports to 76,0001., be-
sides private remittances, the particulars of which
are not ascertained.

The steamer America, just arrived from the
United States, brings a large amount of gold, viz.,
about 128,8801. The Orinoco, from the West
Indies, is announced with about 188,714/. Be-
sides these, the Hero, from Port-Philip, is in, but
it is not yet known whether she has any gold on
board.
Advices have been received in town of the stop-
page of Messrs. R. Lawe and Co.'s bank at Preston,
through the sudden death of that gentleman.
There were branch establishments at Ormskirk and
Southport, but it is expected that no loss will be
sustained by the depositors.
The Funds are steady to-day, but there is an
entire absence of speculative activity, which im-
parts a degree of flatness to the market. Prices,
however, exhibit no decline, and a few purchases
in all
.probability would cause a slight advance, as
money is rather easier, and specie continues
to arrive in large quantities. Consols for
transfer have been 931- 94, and 93 f. For
the account they have 94if 1, which are the present It*I(8)
quotations. The New Threes are 92!4- I, and the
Reduced, 921 ; Bank Stock is 2131.
The March Exchequer Bills are 3s. to ss. pre-
-13111101 ; writhe June do., 3s. premium. The Go-
vernment broker has invested a further sum of
15,000/. in these securities.
In foreign stocks the dealings have been limited.
Turkish 6 per Cents. are marked 94f 95 ; and the
4 per Cents. have been dealt in at 101 ; Dutch
4 per Cents. are 97f ; Russian 5 per Cents., 1051 ;
Ditto 4i per Cents., 961 ; Peruvian 3 per Cents.,
b3l.
The following are the nominal prices of Foreign
Stocks :--Grenada Deferred Bonds, 6.17 ; Mexican,
224 Peruvian 41 per Cents., 77 78 ; ditto 3 per isoot•
Cents., 531 412 ; Portuguese 3 per Cents., 445 Y ; 20
Russian 5 per Cents., 104 106 ; ditto 4i per 20
Cents. 96 98 ; Spanish 3 per Cents., 41k ; ditto VA
Deferred, 25-i ; ditto Certificates, Ga ; ditto 100
Passive, sg. 100
100
In the Railway Share Market, the dealings have ice
boen extremely inactive, and with one or two ex-
ceptions, there is little change to report in prices.
Great Western, Lancashire and Yorkshire, North-
Eastern Berwick declined about ss. South-Western
advanced ss. to 10s. The other English lines were
at previous rates. Paris and Lyons were in active
request, at an advance of about 1/. to 1/. ss. East-
ern of France improved 10s., and the Canadian
lines were supported at former values. Great
Indian Peninsula, East Indian and Madras realised
previous quotations.
In Mining Shares there has been a moderate
business done. Great South Tolgus advanced to
19i, Great Wheal Alfred to Q, It, North Frances
to 19, and Wheal Edward to 5i 1,
For Joint Stock Bank Shares there was but
little inquiry, and Saturday's rates were barely
sup ported.
In 'the Miscellaneous Shares Australian Agricul-
tural ruled firm. National Discount Company,
Bu.lin Water Works, and Peninsular and Oriental
Ste am realised previous quotations.

BIGITISH FUNDS THIS DAY AT ONE O'CLOCK.
( Ircm the Official List:)
Business done.
Eau] : Stock
3 pd t.:ent. Reduced Amanitas 924 fi
31pe r Cent. Consols Ann,iitiee 9n 4
71 3 per Cont. Annuities 92d ••?! I

itsdi a Bonds. £lOOO
D itto, under £lOOO 4 d
Con sots for Account ... .. .. 94/ -k
E tehequer Bills, zld. March. 1
£lOOO
2500
Small .
I )itto Bonds, 1856, 36 per Cent. .... .....
I )itto, 1359
PE ICES OF FOREIGN FUNDS AT ONE O'CLOCE .
Pei •avian Bonds, 4i per Cent —
1 )itto 3 per Cent. —
1 )itto Account
Russian Bonds, 1622, 4: St., 5 por Cent lost,
1 )itto, 46 per Cent... ' 963
Tw •lEltsb .onds, Ii per cent —
1 )itto Account " 95 4i
I >At° Guaranteed, 4 per Cont.
I )itto Account . lO4 4
On . Ideals on the above oavablo in London.
Vlach Exchangft, 2i per Cen;., 12 Guilders
:Ditto 4 per Cent. Vertitleates

June.
3p

Conaols, money ,
Ditto for a,ceount.... ,

TWO O'CLOCK.
931
94i

MANSLAUGIITER BY A BOY OF 15. —Oa Thursday even-
ing, at Kirkham, Mr. Myers held an inquest onthe body
of Betty Titterington, aged 14, who bad been fatally
ett ebbed by John Elliott, aged 15. The facts of the gad
affair, as reported by us last week,
hik,vemesrelf u
evi-
deince. deince. When Elliott, who gave
day morning, was charged with murder, he said " She
struck me fir At." He took the knife from his pocket
when asked for it, and said "I had it in my band when
I (Amok her but it was shut, and I musthave cut
had ber I
with the back of it, or with my nails." The he knife
marks of blood on the inside. The jury returned a ver-
dict of " Manslau,ghter," and the prisoner stands com-
mitted for trial at- the Liverpool Assizes.
The Madrid Gazette of Mr,y 15, publishes a royal de- i
tree, prolonging to the 31st of December next the file, 11
importation of corn.