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

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COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
quietly, and prices of all kinds were the same as
last w,eek. The sales were 6,000 bales, 2,500 of
which were taken for speculation. The Railway
Share Market was very dull, and price of all the
leading stock have declined.
The following circular has been addressed to the
shareholders of the Bank of London :

"You are probably aware that statements, strongly
reflecting on the character of the directors of this Bank,
and calculated to prejudice its interests, have been of
late industriously circulated. The progress of the budi-
ness has not in any way indicated that such statenlents nave
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 uncontradicted, and they
feel that your interests and their own position 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, be
eomnaenced against all persons whom the law can reach.
" Meanwhile, the directors desire to assure the
shareholders in the most direct and positive manner that
the imputations sought 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 satie-
actory condition."

. -
As the subscription 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 2/. per share, and the
first call wilt be 6/. 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 net profit on tbe talf-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
euPported, and on the Stock Exchange as much as
72 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-
sols, 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
coconut on the 7th proximo. Consols have been
923- and 921 4 for money, 92 for
May, and 931 s for June. The New 3 per Cents.
ar? 911 and the Reduced 911 #. Bank Stock
remains dull at 213. The March Exchequer Bills
are 2s. discount to 2s. premium, and the Bonds
94.2.
Very little business is recorded in the Foreign
liarket, and the quotations are flat. Turkish 6 per
cents. have been 92i and 923- 1.. The 4 per Cents.
are 990 but the transactions have been limited.
Sardinian Bonds ara 91; Spanish Deferred, 25k;
411(1 Danish 3 per Cents., 851 t. Mexican Stock
flat, at 23k. Buenos Ayres are 86 ; and Bra-
an per Cents., nog.
The subjoined communication is from the Corn-
of Spanish, American BondhOlders

"11, Austin-friars, April 28, 1857.
"The Committee of Spanish American Bondhoiders
Z 478 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 Nei, Granada and of Ecuador might re-
ceive the dividends thereon by the transmission of the
%npone to New York instead of the bonds themselves,
48 had been heretofore required :

(doPY.)
" ‘Fsireign-Jffice, April 25, 1857.
" Sir,--I am directed by the Earl of Clarendon to
u4te to you, for the information of the British holders
ft: bonds of the Peruvian debt to New Granada and
lquador, that her Majesty's Charge d'Affairi in Peru
414•
8, in pursuance of instructions from Lord Clarendon,
represented to the Peruvian Government the inconveni-
ence to which those parties would be subjected if it
*lire considered necessary that the bonds should be
41,4 to Now York with the coupons ; and I am now to
Zlclose to you the translation of a decree of the Peru-
uln Government, which Mr. Sulliyan has forwarded to
v
▪ ..RN Clarendon, from Which you will learn that the
rupons of the bonds alone will be required to be signed
'1 the Peruvian Minister in London .—I am, eze.,
ic < (Signed) " 'SHELBURNE.
Mr. J. D. Powleg, Chairman of the

Committee of Spanish American
,„; Bondholders.'
Vraaslation of a Decree of. the Provisional Government

of Peru, dated Lima, Feb. 12, 1857.)
" Reply—That the interest of the debt of the Repub-
lic to those of New Granada and Ecuador will not be
I►aid until the interested parties present a certificate
Riven 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 origl-
till bonds.

(Signed by H. E. the Presidfnt )
" CA,TANEDA2 "

The following aro the nominal prices-of Foreign
Stocks :—Grenada Deferred Bonds, 6i 7 ; Mexio se,
23i ; 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. 41 per Cents.,
1)5 7;' Spanish 3 per Cents., 411 ; ditto Deferred,
25 ; ditto Certificates, 68 ditto Passive, 51 G.
A very limited business has been done in Rail-
Way Shares. The arrangements for the half-
kouthly settlement having engaged the attention
(4: some of the principal dealers, prices with one
c't two exceptions have* exhibited a downward
tendency. Great Northern and Great Western
about
10s. ; Midland and Eastern Counties
ss. ; Caledonian, Lancashire 'end Yorkshice,
lla South R-Lstern rose about ss. ; and Brighton,
In the French and Canadian undertakings a
re. dealings were effected. Grand Trunk of
e Northern
receded ss. ; Eastern of France, 1/. ; and
."4,orthern of France, 10s. ; and Antwerp and
Rotterdam, ss.
Lllritish, Foreign, and Colonial Mining Shares
re ruled exceedingly quiet. Wheal Kitty
brought 4i and Sortridge Consols realised 14.
the
Joint Stock Bank and Miscellaneous Shares
~.inquiry was limited. National Provincial
„, 9
.t-iligland improved 10s. Bank of Egypt and
i2udon Joint Stock realised previous rates. Pen-
Vullar and Oriental Steam shares improved 10s.
;etherland Land shares, and Subterranean Tele-
' 41111 shares were dealt in at about former
uotations.

Itiljr,,,
-'4lBll FUNDS.—CLOSING PRICES —TI3 IS DAY
,Clivoin the Official List:) •
Business done.
4ita,,l Stock 213
vt,* 3 Vent. Reduced Annuities. 913 1- h
1,1-!)e Cent. Consols Annuities 92R i 0 i
I: 3 per Cent. Annuities 9li i if
4%t Annuities, expire iith Jan. 1860... 2 7-16
- bate 30 Years, expire 10th Oct 1859.2 3.16
Ito., ~
4'. Bonds, .£101)(,'
cota%iitisoronrnklzoVnotoo o •••'. 9 d
4 d
-6,-4. ci2l 13 i
--,equer Bills, 20. March. 1 June.
£lOOO •. .. .2 p2di 5 3 d
ri6oo ~• '
mpal
b'
ate Bonds, 1858, 3h per Cent.
Ditto, 1859
t PRICES OF FOREIGN FUNDS—THIS DAY.
''iran 5 per Cent.
pu 40 New, 1852, 44 per Cent.
biL,,9" A Yres Bonds, 6 per Cent. B6
-1811 Bonds, 3 pei Cent., 1825
tr
Is itto K
0.„4 .., per Cent. 853
1011
p„,—au 3 per Cent
-13;11,gu, ese Bonds, 5 per Cent., Con. 1841 --
p_ ..Go 185-,,
o 3 per Cent. 44i
'crib:Linn Bonds, 5 per Cent.
' V'ith Bowls, 3 per Cent.
tn"itritiitttittottoho
ANAticeocewconotuiDusf;rreperdc,
e3npte.r een-
25,k
92A 4 i i i
924 3
Ditto Guaranteed, 4 per Cent.
atviden I. 1,1 Vie Rbovt, ,s4vablA in ~,,„..n.
1311teli -Exchange, 2h peioCen...'., 12 Guilders
EE 65b
THR oaLocir.
Consols, money C2a I
Ditto, Account (May 7) o2t I

The Rev. Canon Hopper was elected
Eery • yesterday to
. ein Convocation for the Archdeacony of Norwich
"El Norfolk, in opposition to the Rev. B.
lajority of one the numb • Hopper, 56 ;
bring :--For
hilpott 55. f nura era bePhilpott, by a