The Sun.
London, England, 1857-06-27 00:00:00

MONEY MARKET

AND
COM NERCJ ikL INTELLIGENCE.

CITY, Two O'CLOCK.
In the Liverpool Cotton Market, yesterday,
there was a fair demand for all descriptionß, and
closed with a firm appearance, at previous rates.
The sales amounted to 8,000 bales, 2,000 of which
Were taken for export and on speculaticn. The
Railway Share Market closed quietly, and prices
were without alteration.
The Bank return for the week ending the 20th
instant, is generally considered very favourable ;
and hopes are entertained of additional ease in the
discount market. A satisfactory increase is ex-
hibited in the bullion, while the reserve of notes
is ascending to a point which will enable the
directors to extend their monetary operations.
There is also a reduction in the stock of "other
securities," but the total is still very large,
and a further diminution is dedrahle. A de-
crease is noticeable in the other deposits, but
as a set off against this there is a further augmenta-
tion in the public deposits, owing to the energy
With which thenevenue is now being collected. On
the whole the balance sheet is encouraging, and as
the demand for accommodation is less urgent, with
a tendency in the rates to decline, it is probable
that another modification in the official terms may
soon be effected, especially as the eastern exchanges
are rather more favourable.
.The principal items
and the changes they present are as follows :
e,
Active circulation
Increase
Bullion
Increase
3,353,074

Rest

Increase
Public Deposits
Increase
Other Deposits
Decrease
Seven-Day and other Bills 648,942
Decrease
Government Securities
Increase
Other Securities . 18,481,953
Decrease
Notes unemployed
Increase

The banking firm of Messrs. Smith, Helder,
smith and Scrivens, of Hastings, has suspended
Payment, with liabilities estimated at 15,0001.
11le assets according to one calculation are 70,0001.,
but to reliable information has yet transpired on
this subject. Besides the head establishment there
Were branches at St. Leopards, Battle, Hawk-
burst, Robertsbridge, and Harlsham. This firm
Was generally respected, and the establishment was
formed in the year 1791, with a fixed issue of
38,0381.
The official return of the exports of the precious
metals from the port of London for the week
ending Thursday last is as follows :
Gold Bara ... Boulogne ... 29,000 Ozs.
Silver Coin ... Hamburg ... 1,200 „
Corfu, Zante, and Patras £lOO.
The Indian and Chinese exchanges are tele-
graphed at a slight decline, and hence it is thought
that the specie efflux will not be conducted on
,ouch a large scale as of late.
The demand for money is moderate, but the full
quotation of 6 per Cent. is in most instances sup-
ported.

There is a decline in the value of the English
Funds equal to about per cent., the news from
India relative to the mutiny having caused an un-
favourable feeling, and already the advisability of
finding out reinforcements is fully discussed.
I3esides this adverse influence, the dearness
Of money tends to depress the quota-
tions. Consols have been 921 - but they
Closed at 922. For the opening they are 922 '4.
1:1,z) New Threes have declined to 921 ft, and the
Reduced to 921 ft. Bank Stock is 2121 to 213.
zchequer Bills have receded to 19s. and Bs.
discount. The Bonds are 98a.

Foreign Securities are dull, and Turkish 6 per
Cents. have receded to 92i Russian 4i per
Gents. are 99k, Guatemala 56, and Dutch 4 per
Cents. 98.

The following are the nominal pricea of Foreign
stocks :—Grenada Deferred Bonds, 6/ ; Mexican,
22i 1; Peruvian 41 per Cents., 77 79; ditto 3 per
Cents. 53 55; Portuguese 3 per Cents., 46 47 ;
Russian 5 per Cents., 109 111 ; ditto 41 per Cents.,
27 99 ; Spanish 3 per Cents., 411 21; ditto De-
ferred, 251 26 ; ditto Certificates, 6i ; ditto
51 6.
The Railway Share Market, although flatter, has
not been so much effected by the fall in the funds
all might have been expected, and as the settlement
le in progress, this being " making-up" day, atten-
tion has not been much directed to fresh specula-
tive operations. Caledonian, have dropped
to k. East Anglian, k to k. Great North-
' tin, 1. Lancashire and Yorkshire, k to 1.
North-Western, 1. South-Western, to 1. Man-
VleAer, Sheffield, and Lincolnshire Midland 1
to North British k, North Eastern Berwick 4,,
n1:1 most of the others in the same ratio:
Since the official close, however, the market
4aB been a shade firmer. Indian securities
are also depressed, especially the East Indian
lice. The Madras are 19k, and Great
Indian Peninsula, 211. Canadian Stocks'are also
ower, Grand Trunks are nearly 1/. per share
below their previous value, but Great Western of
Canada are tolerably steady. Very few bargains
have been recorded in Foreign Shares, but they
also rule flatter.
Mining Shares are dull, but Banking and Mis-
cellaneous have attracted a fair share o?attention.

IltlITI SH FUNDS.—CLOSING PRICES —THIS DAY.
(from the Official List:)
Business done.
Bank Stock .. 2121 13
BPer i 'ea. Bcdnced Annuities
'Jew 3 por Cent. Annuities 92 a
LAM!, Bonds, gantio
n_Ditto, under £lOOO .. 10 d
Consols for ~, coonot,
Ditto for Opening 92k I
.Etehequer Bills, 24d.
£1000
'
£560 8 5 d
Small 3 8 d
•
Ditto Bonds, 1858, 3 per Cent. .. 9Bs
PRICES OF FOREIGN FUNDS—THIS DAY.
banish Bonds, 3 pet Cent., 1825
Guatemala Bonds, 5 per cent 55
Itltsiian Bonds, 1.22, £ St., 5 per Cent._
~. Ditto, 41 per Cent.
Turkish Bonds, 6 par cent 93 5t
. I..M.idends o, the above oayabk\ to LQW:4( n.
butch Exchange, 21 per Con;., 12 Guilders
Do. 4 per Cent. Certificates
TWO O'er.° CE.
. Consols «.. ... .. . .......

MINER.—In the early part of the week there were
many inquiries made for shares in dividend and progres-
eive mines, but " bargains" were the chief things re-
quired, and with the symptoms of improvement in pro-
813ects sellers have not bean so anxious to realise.
-Devon Great Console were in request, at 445 to 455 ;
Alfred Consols, 16 ; West Bassett, 28 to 30 ; North
Basset, 15 to 16. Cook's Kitchen, although in request,
and the principal buyers being for Cornwall, were not
quite so firm in price, and left off 41 to 5. Wheal Kitty,
18 to 19, ex-div. of 1/. per share, which is an increase,
and ss. per share was expected. Basset, 240 to 245 ;
South Frances, 290 to 295, but scarcely any business
doing in either.—Mining Journal of this day.
PROGRESS OF EMIGRATION TO CANADA.7A large num.

her of vessels stilt keep arriving at Quebec. In three
days alone of last week 143 arrived-52 ships, 76
barques, and 15 brigs. Up to the first of the month
144 vessels more had arrived this year than up to the
same period last. The railway cars and steamers are
daily loaded with emigrants going West. Four thousand
More have arrived this year than at the same time last.
Some of the newspapers are complaining that many young
Men—clerks and others,—unfit for laborious and me-
chanical employments, have been induced to leave
home, to seek employment here that they are now
unable to find. This may be the case, as the market
for that kind of labour soon becomes overstocked ;
but I am satisfied that mechanics, agricultural
labourers, servants (male and female), can soon find em-
ployment. Take an instance occurring a few days
since—a young Englishman, a coachman and groom,
came to me seeking a situation, which lie was informed
I could direct him to. Ho had been forestalled. lie
seemed much disappointed, but after examinin,„a his tes-
timonials, which were excellent, I encouraged him by
the assurance that he would not long want emprOyment.
next day I met him in Notre Dame-street, proud and
contented, driving a carriage full of ladie.. The charit-
able committees of the various national societies are
actively engaged ; many of them have paid agents, who
await the arrival of their emigrants on the wharves,
ready to assist them with information or advice. Few
emigrants, of good character, sober and industrious
habits of the class I mention, need want employment
I long, am quite certain.—Canadian News ( Montreal
Correspondent. )
THE Giters DlaEASF.—Accounts from Oporto state
that the grape disease is again making severe ravages.
The effect of the administration of sulphur has been very
uncertain, and the oidium, it is said; is slowly but steadily
invading every vineyard,