The Sun.
London, England, 1857-11-16 00:00:00

ONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooK.
The Liverpool cotton market on Saturday closed
with a steady appearance, and prices were firmer.
The sales were 5,000 bales. An improved feel-
in g was manifested in the railway share market,
and a large amount of business was transacted.
The condition of trade in the textile manufac-
turing districts continues very depressed, and no
sensible improvement can be expected while the
terms of discount are maintained. Since the

suspension of the Bank Act, however, a much
better feeling has prevailed, and the advices from
India have given satisfaction in particular
branches. Two or three other failures have cc-
ctirred which have increased the uneasiness which
preTiously existed. In the iron districts business
is xtecessarily very dull, but there is a hopeful
feeling despite the discontinuance of American
orders.

During the last two or three days the demand
for Inoney, though still very active, has slightly
abated, and the suspension of the Bank Act has pro-
duced greater confidence. The commercial public
now merely supply their immediate wants, whereas
before they obtained more than they required, lest
they should find further difficulties in getting ac-
cotnn iodated hereafter. An impression now prevails
that some relief, and, perhaps, a small reduction
in the terms, will be experienced, so that the
presseat applications for discount are on a com-
paratively moderate scale. At the same time, how-
ever, the failure of weak firms cannot be prevented,
and two or three are almost daily added to the list.
Although most of them are not of public
interest they fully prove the injurious effects of
the 'crisis. The latest accounts from India and
America, however, are of an encouraging descrip-
tion, and will ne doubt tend to promote an im-
proved feeling in commercial circles.
The failure of two firms engaged in the corn t
trade 'have been announced this morning, the esti-
mated. liabilities in each case ranging from 40,0001.
o 50,1000/. Considering the recent depreciation of
cereals, and the additional heaviness occasioned by
the permission to export corn from France, these
casualties cannot excite surprise. It is very pro-
bable that before the end of the year other firms
in this branch of business will succumb.
Two or three vessels with large amounts of
specie from Australia must now be near at hand,
and if they should arrive during the next few days,
they will, no doubt, be productive of great benefit.
The position of the Bank is still very unfavourable,
and much worse than has been known for many
years. In order to increase their available assets,
it is imagined that they are selling stock to a con-
siderable extent, and as much as 300,000/. has been
disposed of this morning. It is impossible, how-
ever, to imagine that they can retrieve their posi-
tion with rapidity after such a violent strain upon
their resources, but the pressure having somewhat
abated, there is now every reason to believe that a
gradual improvement will take place.
The Seringapatam left the Colony on the 15th
August with 12,180 ounces, and the Essex, on the
2d September, with 105,255 ounces of gold.
The English Stock market opened with a firm
appearance, and the tendency was upwards, but
soon afterwards the Government broker became a
seller, and his operations had a marked effect in
spite of money purchases. A declieni of per cent.
took place, and it is said that as much as 300,0001.
stock has been sold. The news from America is
considered favourable, but a good deal of anxiety
is felt relative to the approaching meeting of Par-
liament. Console have been
.89i and 89i
For account, the prices were 90/ to 90i, and 89i to
30. They are now 89i and 89i cfo, respectively.
The New 3 per Cents. are 888 f, the Reduced 881
Exchequer Bills, 20s. to 15s. dis count, and the
Bonds, 98 to 98k.
'The Market for Foreign Stock s remains quiet,
but in some instances rather low, er prices are cur-
'lat. Turkish Six per Cents. are 87i 88 ; and
the 4 per Cents. 961 97 ; Spanish 3 Deferred are 25k ;
Mexican, 18 ; Chilian 6 per ( vents., 101; and
Dutch, 2i per Cents., 64.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bo nds, 5 6 ; _
can, 17i 18i; Peruvian 4i per Ce3ats., 73 '75 ; ditto
3 per Cents., ; Portuguet As 3 per Cents., f
42 43 ; Russian 5 per Cents., 1.1 )4 106 ; ditto 4i
per Cents., 95 97 ; Spanish 3;pe: c Cents., 39i 404 ;
ditto New Deferred, 24i 25.
There has been rather more firmness in the 1
Railway Share Market, the s-ettlement of the
accounts having passed off satisf; tetorily. Eastern 11
Counties and Lancashire and Yorkshire have im-
proved ss. ; North Eastern Bei :wick, 10s. ; East
Lancashire, 15s. ; Great Northern and Brighton,
11. ; and Edinburgh, Perth, andl, Dundee, 1/. 10s.
North Eastern York declined ss. ; Manchester
Sheffield and Lincoln and Soutln Eastern, 10s. ; and
Norfolk, 15s. The foreign :and colonial lines
are also at a slight adyancli on former quota-
tions. Paris and Lyons hare risen ss. ; Grand
Trunk of Canada 11., and Ea A India 10s.
Joint-Stock Bank and Miscellaneous Shares
are very inactive. London ;foint-Stock have de-
clined ss. ; London,and Wes tminster 11. Oriental
Bank improved 11. Caned la Land Shares have 1
declined 2/.3 and Royal :Mail Steam advanced
11. to V. lOs.

BRUTISH FUNDS.—CLOSIN G PRICES--THIS DAY.
(From the OSI vial List.)
'Business done.
I ndia Stock
, .......
3 nor cent. t+edueed Annuitl3s ..
... 211
.... 881 IS per Cent. Consols i‘nnsittes ........ ........
.... 89i
New per Cent. Annuities .................. g
New 22 per Cent. Annuities ............ 74i
India Stock
214
India Bonds. 1:1006 ..........
nitto, under ,4-.3000 Consols for A ccount
..... 90 ............ 40 dB9
Exchequer Pills, 20 .
11000 ...........
Cssl+
........
Exchequer Bonds, 1858, 24 pe r Cent... 20
15 d
.. 98 4
Ditto. 1359
. . 97
PRICES OF FOREIGN :PUNDS—THIS DAY.
Brazilian 5 per Cent. ........................... 99
Chilian Bonds, 6 per Cent
...................... 101
• Mexican 3 per Cent: .................... . ....... 18
.
Ditto Account .............
Peruvian Bonds, 44 per Cent .............
Ditto 3 per Cent ............. 52
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent ........................ 43
Ditto Account
flpinisb Roads, 3 per Cant.
..
Ditto Account ..... 4O
......
Ditto New Deferred, 3 per 'Oen%
Ditto Account
TarkiLb Bonds, fpwr cent 241
Ditto G
uaranteed, 4 per Cent.
_ Ditto Account
97 61
Dividends on the above payable in London.
Dutch Exchange, 2i per Cent., 12 Guilders 64 34
Consols THREE O'CLOCK.
, money
Ditto account (December 7)