The Sun.
London, England, 1857-10-16 00:00:00

iVONEY MARKET

2N D
0 MERCIAL INTELLIGI.T.:NOII.

CITY, Two o'CLocK.

The Liverpool Cotton Market yesterday closed
with a very heavy appearance, and prices of all
descriptions were fully 1-Bd. per cent, lower.
The sales were estimated at 2,000. The Railway
Share Market closed quietly, and values were
without any material alteration.

Owing to the disturbed state of monetary affairs,
and the caution which it was thought prudent to
exercise in all departments of business, the Mincing-
lane markets have been rather dull during the
week and purchases have been confined as much
as possible to immediate wants. Speculation is
necessarily at a stand, and those articles in which
there has recently been an extensive amount of
this description of enterprise are now at rather
lower quotations. Sales have been checked
and a desire has been shown to contract
operations as much as possible. Sugar has been
in limited request, and a large quantity of that
brought forward at the public auction has been
withdrawn, no offers having been made by the
trade. The consequence has been that business
has been almost suspended, and in order to effect
sales a decline has been submitted to. Coffee is
quiet, and the few operations reported have been
at previous rates. Tea is dull, and common
congou is obtainable at Did. per lb. for
cash. Rice has been in very limited demand,
and the prices are quoted 6d. to 9d. lower.
For spices the prices have not undergone any
sensible change, and the transactions have been
limited. In consequence of the more favourable
intelligence received from India, the market for
saltpetre has become depressed, and the quotations
are now 3s. Gd. per cent. under those current last
week. Tallow has been quiet and P.Y.C. is 575.
3d. per cent. on the spot. Indigo is in demand,
and the sales are proceeding without alteration.
Firmer prices are fully maintained, but dry
leaf Madras parcels have generally been withdrawn.
The quantity already sod is 2,050 chests. The
public sales of wool will take place early next
month, and very high prices are expected to be
realised. Up to the present time 32,000 bales have
arrived, but as two or three vessels have just arrived
from Australia, some addition tp the stock may be
meeting of the Copiapo Mining Company
expected.t the
to-day, a resolution was passed for proceeding with
the works of the Copiapo Extension Railway Com-
pany, involving an outlay of about 187,000/.
The arrivals from Australia aro important.
They include the King Phillip with 160,0001., the
Omer Pacha with 3,0001., and the Royal Charter
with 360,0001., making a total of 523,0001. The
last named vessel has arrived in 63 days.
The rate of discount at Hamburgh has been fur-
ther augmented, namely, to 9 per cent., and it is
evident from the intelligence received from some of
the other countries that the present monetary dis-
turbance is likely to become still more serious.
These fluctuations are, however, very frequently
produced by the last pressure, and they do not at-
tract very much attention, especially when the
public mind is so much occupied with the consi-
deration of Indian and American affairs. The
Swedish Government has published the particulars
of a propcsed loan for nearly a million and a quar-
ter sterling, but it is questionable whether the con-
tractors will be enabled to raise the requisite amount
so easily as is anticipated.
The intelligence from India is considered of a
satisfactory character, and the accounts, both in
regard to the movements connected with the
revolt and the position of monetary affairs, are
certainly less discouraging than could have been
antiOpated. The most unfavourable feature is
the advance in the exchanges, which may lead
to further large remittances of silver ; but the
existing discount restrictions will check the move-
ment, and if continued arrivals of gold take
place from Australia we may be enabled to main-
tain our stock of bullion in the Bank of Eng-
land at a favourable point. The return to be
issued this evening will, of course, show some
very remarkable and unsatisfactory change, but
as these may have been partly discounted they
will not be likely to cause much variation in
the Funds.

This influx of specie has increased the feeling of
confidence now visible, and it only requires satis-
factory intelligence from America to produce gene-
ral buoyancy. The Funds have advanced 4-per
cent., and a large amount of Stock bas been pur-
chased, both on speculation and for investment.
All the markets have improved, and the tendency
is still upwards. Consols have risen to
88a for money, and 881 for November
10. They are now, however, a fraction lower.
The New 3 per Cents. are 871 ; Reduced 873.
India Bonds 30s. discount, and Exchequer Bills
about 10s. to 53. discount. Bank stock is 211
to 213.

In the Foreign Market a moderate business has
been done, and the quotations are higher.
Turkish 6 per Cents. have risen to 88 I, and the
4 per Cents. are 974 to 98. There have been
numerous transactions in these securities. Spanish
3 per Cents. Deferred are 251 ; Sardinian 891 ;
Portuguese 3 per Cents. 43, and Peruvian 4i per
Cents 761.

The following are the nominal prices of Foreign
Stocks : Grenada Deferred Bonds, 5 6 ; Mexi-
can, 19 19i- ; Peruvian 4i per Cents., 75 77 ;
ditto 3 per Cents., 52 54; Portuguese 3 per Cents.,
43 44 ; Russian 5 per Cents., 105 108 ; ditto Cs
per Cents., 95 97 ; Spanish 3 per Cents., 40 40i ;
ditto New Deferred, 25 25k; ditto Certificates, —;
ditto Passive,
Messrs. D. Bell, Son and Co., give the following
as the prices of American securities :