The Sun.
London, England, 1857-05-12 00:00:00

MONEY MARKET

AND
COM KEP.CIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Accounts from Liverpool state that the Cotton
Market yesterday closed firmly, and prices were
at a slight improvement The sales amounted to
10,000 bales, 1,000 of which were taken by the
exporters, and 2,000 by the speculators. The Rail-
way Share Market clnsed with a dull appearance,
and there was a slight decline in prices.

In consequence of the limited demand for silver
on Eastern account the price of that metal tends
downwards, and the dollars brought by the last
West India steamer have been sold at a decline of
id. per ounce, viz.. ss. 01d. The supplies ex-
pected from Mexico, it is presumed, will
be almost sufficient to provide the amounts
required for the bi-monthly mails to India
and China, and iu that case purchases
on the Continent will not be resumed, at all events
to an extent that would absorb the greater portion
of the Australian remittances. As these shipments
amount to upwards of a million stealing, a large
addition to the Bank's stock of the precious metals
is anticipated within a short time, especially as the
wind is now favourable. A further sum of 24,0001.
in Australian gold, forming part of the receipts by
the Etna, was sold to the authorities yesterday,
and some of the American supply may be similarly
appropriated.
The inquiry for discount accommodation in
Lombard-street, and at the Bank of England, is
quieter, and instances are recorded where bills
have been negociated at a fraction below the Bank's
minimum, but in most cases the full terms are still
exacted. As usual, at this season of the year, the
Commercial requirements are less extensive, and un-
less speculation creates an increased demand, a
slight improvement is considered probable.
The Mincing-lane markets have opened with a
very firm appearnee, most of the principal articles
being maintained at full prices. During the week,
however, the public sales will not be verynumerous.
Business in the English Stock market is rather
circumscribed, but it is only natural that a pause
should succeed the recent excitement. The rise in
prices has been important, and although the
general prospects of the money market may be
more encouraging the funds are still very
high, considering! the present value of ca-
pital. The Bank broker has bought 40,000/.
of Exchequer Bills this morning, which tem-
porarily strengthened the market, but the quo-
tations are not firmer. Consols for transfer were
934 and 931 while for account they have been
about 941. At present they are 93 94 and 941
for money and the 4th proximo respectively. The
March Exchequer Bills are par to 3s. pre-
mium ; the June ditto, 2s. discount to par,
and the Bonds 98; The New Three per
Cents. are 921 ; the Reduced 92i b ; and the New
2i per Cents., 76:1 ; Bauk Stock is 2111 and 213 ;
and India Stock, 220.
In the Foreign Market the transactions have
been very]imited. Turkish 6 per Cents. are 934 l;
and the 4 per Cents., 1001. Spanish New De-
ferred have been 25i ; and Portuguese 3, per
Cents., 53;3-.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexie
23 ; Peruvian, 77 78; do. 3 per ; Cents., 54 55 ;
Russian 5 per Cents., 104 106 ; Do. 41 per
Cents. 95 97 ; Spanish 3 per Cents., 411 2 ; ditto
Deferred, 251 ; ditto Certificates, 61 g ; ditto
Passive, 5i 6.

The dealing.; in the Railway Share Market have
been limited, the arrangementi for the usual half-
Monthly settlement being in progress. Prices in
several instances show a slight improvement upon
yesterday's rates. Great-Western and Midland have
advanced ss. ; Caledonian, Lancashire and Nor-
folk, 10s. ; and North-Western and South Western,
15s. ; Oxford, Worcester, and Wolverhampton,
Edinburgh, Perth, and Dundee, and East Lanca-
shire, declined about ss. ; Western of Canada, and
Paris and Lyons, each declined about 10s. ;.
but Grand Trunk of Canada and East Indian im-
proved 108.
British, Foreign, and Colonial Mining Shares are
at quite nominal values.

For Joint Stock Bank Shares there is very little
inquiry—Western Bank of London have declined
108. British North American, and London and
Westminster realised former quotations.

The Miscellaneous Undertakings were inactive.
Peninsular and Oriental Steam have receded 15s.
Royal Mail Steam 11., and Electric Telegraph
65. to 10s.

BRITISH FUNDS.—CLOSING PRICES--THIS DAY.
(From the Official List;)
Business done.
Bank Stock
3 pe,' Cent. Reduced Annuities
3 per Cent. Consols Annuities o3i i i ili
New 3 per Cent.. Annuities 92;) 14 igi
New 23 per Cent. Annuities 76i
Lows Annuities, expire sth Jan. 1860 .. 21' 7-16
Ditto 30 Years, expire sth April, 18S5 1;
India Stock
indin Bonds, k;104.0 -
Ditto, under £lOOO 3 d
Consols for A connnt ..... 941'
E 'chequer Bills, 24d. March. 1 June.
£.1000,
E5OO — 2 d nar
Small ... ..
Ditto Bonds, 1858, 33 per Cent.
Ditto, 1359
PRICES OF FOREIGN FUNDS—THIS DAY.
Buenos A yres Bonds, 6 per Cent.
10ex-imp .4 per ; 'cot
Peruvian Bonds, 4 per Cent 773
Ditto 3 per Cent.
81),,,.. h ..,..i...4 per cent. -
Ditto New Deferred. 3 per , ,Pia . ......
Spanish Committee Cert. of Coup. not fun 64
Turkish Bonds, I; per cent
Ditto Guaranteed, 1 per Cent.
ut,ldenu oa tna &bore nay o,l' --, '. , n.
THREE (YoLOCK.
Consols, money
Ditto, Account (June 4) 94.1 $