The Sun.
London, England, 1857-04-29 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGEIiCr.

CITY, Two o'CLocK

The Liverpool Cotton Market yesterday elos-d
quietly, and prices of all kinds wer3 the same as
last week. The sales were 6,000 bales, 2,500 of
which were taken for speculation. The Railway
Share Market was very dull, an I price of all the
lea ling stock have declined.
_ _ .

The following circular has been addressed to the
shareholders of the Bank of London :
" You are probably a mare that statements, stronely
reflectinv on the character of the directors of this Back,
and calculated to prejudice its interests, have been of
late industriously circulated. The progress of the busi-
ness has not in any way indicated thatsuch statements have
affected public confidence ; yet it is evident to the direc-
tors that the highest credit is liable to be shaken by a
bold reiteration of calumnies if uncrntradictnd, arid they
feel that your interests and their own positim alike de-
mand the refutation of such malicious aspersions, al-
though proceeding from a very obscure source.
" With this view, the board have already taken the
opinion of eminent counsel, and, under their advice,
proceedings will, at the earliest possible moment, he
commenced against all persons whore the law can reach.
" Meanwhile, the directors desire to assure the
shareholders in the most direct and positive manner that
the imputations souulit to be conveyed by such state-
ments are entirely false and groundless, and that the
business of the Bank is in a perfectly sound and satis-
factory candition."
As the subscript;on list for the Grand Russian
Railway scheme is now opened, the agents will no
doubt make the most strenuous exertions to entice
the public, but it is evident, from the unfavour-
able manner in which the project is viewed, that
the applications will not be very numerous. The
deposit on applications is 21. per share, and the
first call will be 61. The Russian Government con-
template the removal of the prohibition against the
exportation of gold, for the purpose, it is presumed,
of facilitating the operations of the promoters.
The meeting of the Great Indian Peninsular
Railway Company was held to-day, when the re-
port, which showed a uet profit on the half-year of
14,9181. 125., was agreed to, after a satisfactory
explanation as to the retirement of Mr. Nicholson,
the late manager.
The Foreign Exchanges were generally firm yes-
terday afternoon.
In Lombard-street and at the Bank of England
the demand for discount accommodation is fully
Supported, and on the Stock Exchange as much as
742 per cent. has been paid for short loans. This
pressure is fully accounted for by the approach of
the 4th of the month, and the settlement in Con-
sole, Foreign Stocks, and Shares. When these
liabilities are discharged, some relief may be antici-
pated, but in the meanwhile, increased stringency
is not improbable. •
The market for English Securities exhibits no
symptoms of improvement, as the active demand
for
money in the " House," as well as in Lombard-
street, is a depressing influence. Business is ex-
ceedingly dull, and there is not likely to be any
revival until after the settlement of the speculative
account on the 7th proximo. Consols have been
921 and 921 -1" fl for money, 92i1 it, for
May, and 931 2 for June. The New 3 per Cents.
are 9.1 g a, and the Reduced 911 if. Bank Stock
remains dull at 213. The March Exchequer Bills
are 24 discount to 2s. premium, and the Bunds
98z1
8 2.

Very little business is recorded in the Foreign
Market, and the quotations are flat. Turkish 6 per
Cents, have been 92i and 92$ Y. The 4 per Cents.
are 993 but the transactions have been limited.
Sardinian Bonds are 91 ; Spanish Deferred, 25i ;
and Danish 3 per Cents., 85 g. Mexican Stock
in flat, at 23k. Buenos Ayres are 86 ; and Bra-
zilian. 5 per Cents., nog.
The subjoined communication is from the Com-
Mateo of Spanish American Bondholders
:
"11, Austin-friars, April 28, 1857.
"The Committee of Spanish AmericAn BondhoAlers
have received the following communication in answer to
the application which they made, that the holders of
Peruvian Bonds issued in payment of the debt of Peru
to the Siates of New Granada and of Ecuador might re•
ceive the dividends thereon by the transmission of the
coupons to New York instead of the bonds themselves,
48 had been heretofore required:--

(Copy)
" 'Foreign-3ffice, April 25, 1857.

." Sir,—I am directed- Cy the Earl of Clarendon to
State to you, for the information of the British holders
,n_f bonds of the Peruvian debt to New Granada and
4cuador, that her Majesty's Charge d'Affaira in Peru
has, in pursuance of instructions from Lord Clarendon,
represented to the Peruvian Government the inconveni-
ence to which those parties would be subjected if it
Were considered necessary that the bonds should be
Sent to Now York with the coupons; and I am now to
enclose to you the translation of a decree of the Peru-
Van Government, which Mr. Sullivan has forwarded to
Lord Clarendon, from which you will learn that the
teoupons of the bonds alone will be required to be signed
°I the Peruvian Minister in London.—l am, &c.,

(Signed) '• 'SHELBURNE.
Mr. J. D. Powles, Chairman of the
Committee of Spanish American
Bondholders.'
(Translation of a Decree of the Provisional Government

of Peru, dated Lima, Feb. 12, 1857.)
" Reply—That the interest of the debt ut the Repub-
lie to those of New Granada and Ecuador will not be
Paid until the interested parties present a certificate
given by our financial agents in England, and signed by
the resident Minister of the Republic in that country,
proving that the coupons have been cut from the origi-
nal bonds.

(Signed by H. E. the President )

"

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 63/4 7 ; Mexili ►r,,
23i g; Peruvian 4i per Cents., 77 78 ; do. 3 per
Cents., 54 55 ; Portuguese 3 per Cents., 44 46 ;
Russian 5 per Cents., 104 6 ; Do. 43/4 per Cents.,
95 7 ; Spanish 3 perCeuts., 411 ; ditto Deferred,
25 ; ditto Certificates, 6g ; ditto Passive, 53/4 6.

A very limited business has been done in Rail-
l!ay Shares. The arrangements for the half-
taenthly settlement having engaged the attention
el Some of the principal dealers, prices with one
et' two exceptions have exhibited a downward
tendency. Great Northern and Great Western
declined 10s. ; Midland and Eastern Counties
about ss. ; Caledonian, Lancashire gad Yorkshice,
and South Eastern rose about ss. ; and Brighton,
In the French and Canadian undert6.kings a
few dealings were effected. Grand Trunk of
Canada receded ss. ; Eastern of France, 1/. ; and
Northern of France, 10s. ; and Antwerp and
Rotterdam, ss. •
I British, Foreign, and Colonial Mining Shares
've ruled exceedingly quiet. Wheal Kitty
brought 41 and Sortridge Consols realisel 14.
Per Joint Stock Bank and Miscellaneous Shares
the inquiry was limited. National Provincial
of England improved 10s. Bank of Egypt an
14°11don Joint Stock realised previous rates. Pen-
&liar and Oriental Steam shares improved I.os.
Netherland Land shares, and Subterranean Tele-
graph shares were dealt in at about former
'Notations.

ktiTISH FUNDS THIS DAY AT ONE O'CLOCK.
( lro2n the Official Ltsti)

Business done.
'NI)Ic. Stock 213
3
3 Pei' .tient. Reduced Annuities
New
W
Per
.it 030ols AnuAiti
i ~w 3 per Cent.s eb
Annuities l% t g
'''''g. Annuities, expire Stu Jan. 1860 2 7-16
Ditto 30 Years, expire 10th Oct., 1859 2 3.16
.C°llsols for Account . .... .. 921 i
t tehequer Bills, 2td. March. I June.
£IOO3
11500 2p 2d 5 d
Sznall
bitw Bonds, 1858, 3. per Cont.
l' Ditto 1359
itr
'
—LOEB OF FOREIGN FUNDS AT ONE tniIJOOK
trazilian 5 per Cent. .
I)itto Now,l 1852, 41 per Cent.
86
t, nos Ayres Bonds, 6 per Cent.
Bapish Bonds, 3 pea .Cent., 1825
(3icari 3 per Cent 2:3k
ri%rdinian Bowls, 5 per Cent.
PVli
teth Bowls, :3 per Cent.
T
Ditto Account
llrkitai .0n46, 6per cent 924 i a
Ditto Account . .... 92A-
Ditto Guaranteed, 4 per Celt.
,t .icen..ts 3 :tic aeove ~Ayable in 1,., ~n.
TWO O'CLOCK.
92k 4
924 i.
931

Comols, money...
Ditto for account
Ditto June Account

MICROPOLITAN BOARD OF WORKS.—At the meeting
Ltelel yesterday, Mr. J. Tbwaites in the chair, a letter
Fas read from the secretary of the Croydon Local Board,
10quiring whether the Croydon sewage .could be taken
into the metropolitan sewers. A resolution was passed
that it was not in the power of the board to grant the
I,tPPlicatiop. Application was also made from the Lam-
p/stir vestry for permission to borrow on the credit of the
tt_a!" 9,0001., to defray the expenses of constructing cer-
tun drains. The application Was granted.