The Sun.
London, England, 1857-10-28 00:00:00

L 11.3 I.lwr

17
..,..

DIARKET

COMMERCIAL DITELLIGENCE.

CITY, Two o'CLocK.
The Liverpool Cotton Market yesterday closed
quietly, and all descriptions tended downwards.
The sales were estimated at 1,500 bales. The
Railway Share Market closed with a more ani-
Imated appearance, and values of all the leading
stocks were steady.
The report of the directors of the Great Indian
Peninsula Railway Company has just been issued.
The result of working the 88 miles for the half year
was as f2Llows :—total receipts, 33,6101., being an
increaseibn the previous halt year of 9,055/. ; the
expenditure was 14,6951. of the receipts, leaving
a profit of 18,955/. to the credit of revenue ac-
counts. The line trona Bombay to Compoolee
and Wassind was in good working order, and
the second line from Bombay to Callian (Tarmah
to Callian) was opened for traffic in Feb. last. The
capital account shows the total receipts to have
bean 3,348,995/., which, after the expenditure, left
a balance with the East India Company and bankers
of 1,604,513/.
The advices from New York, although only one
day later show the effect of the suspension of specie
payments by the banks of that city and Boston.
As was confidently predicted a considerable advance
in the exchange had taken place,* and the
quotation at the latest moment was at a point
that will check the efflux of gold from this
side. Much stress has been laid upon the proba-
bility of orders being sent out for purchases of
goods and securities at their late depreciated values;
but the next accounts will probably state
that a recovery in prices has ensued, and the

remittances in this respect may also be di.

rninished. There can be no doubt that the
cessation of payments in cash, although an extreme

measure was the best course that could have been
pursued under the circumstances, and if it had been
determined upon earlier, much mischief might have
beua prevented. The advices, on the whole, are
viewed with increased satisfactien, for although
many additional failures had occurred, evi-
deuce is afforded, that the crisis has been
to a great extent surmounted. Measures
will now be taken to repair the injury, so far as
practicable, but some time must necessarily elapse
before business recovers from the violent commo-
tion lately experienced.
At Hamburg the rate of discount has again ad-
vanced to 84 per cent., but the fluctuations in this
market are so frequent and unimportant, that they
attract comparatively liitle notice.
The half-yearly meeting of the Royal Mail Steam
Packet Company has just been held—Capt. C. G.
Mangles, M.P., in tate chair. A dividend of 21.
per share was declared for the current half-year,
and the report was adopted unanimously.
In Lombard-street and at the Bank of England
the applications for discount are represented to have
been rather extensive ; but owing to the extensive
supply commercial firms are enabled to obtain
the assistance they require in the current terms.
A. alight concession is granted to first-rate houses,
but the failures in the American trade have induced
bill-brokers to look with some caution upon the
paper of any house connected with that country.
The rate of interest offered by the joint-stock banks
for deposits on call and short notice, insures them
a considerable supply, and there has consequently
been less inconvenience than was experienced when
the Bank first commenced its late restrictive policy.
The Silver Market remains firm, and it is expected
that the remittances on the 4th proximo will be
rather heavy, as the East India Company intend to
send out a large quantity of specie. The shippers
have been awaiting the receipt of instructions from
their correspondents before making active prepara-
tions,
but as soon as the letters can bo perused ar-
rangements will be made forthwith. Bar silver is
quiet at ss. lid. per oz. standard.
The Funds have boon very buoyant, and the
greater part of the decline experienced yesterday
has been recovered. This action is attributable to
the news from America, which has led to the im-
pression that gold will not be forwarded to New
York in such quantities as was anticipated.
Several of the bears have bought back, and this, .
as usual, has produced an improved tone. The
Indian intelligence may elm° have assisted to oc-
casion this favourable change, but the advices by the
City of Washington have been the principal cause.
Consols have been dealt in as follows :—For
money, 884 881 881 89 ; while for the 11
account they are marked 88i ssi and
891. The present quotations are 88i 89 and 89 to
891 respectively. The New Three per Cents. are
quoted 881; the Reduced, 87i to 88, Exchequer
Bills 15s. to 20s. discount, and the India Bonds 1
40s. Bank Stock has been as low as 205 and 207.
India Stook has improved to 2084 and 2114.
Foreignhe
6 butp per
r C pricesSut
tos
still
ai
lare Market
eexhbilaas
being
Bec
uiornnpag.--
uei nrr
kdull, ti
sh
awt tendency.itanßuridilse9d.inraestThs
buoyant, and the 4 per Cents, are nominal'
it
ellian 5 per Cents. are 99i ; Buenos Ayres 6 Per
Cents., 811 ; Russian 4i per Cents., 972 ; Sar-
dinian
1(
5 per Cents., 90 ; and Dutch 2
per Cents., 2

The following are the nominal prices of 17crign li
Stocks :—Grenada Deferred Bonds, 5 6 ;re,N" b
can, 18i 19 ; Peruvian 4i per Cents., 71 " ;
do. 3 per cents., 55 56 ;
Portuguese 3 per
43 44 ; Russian 5 per Cents., 10:1 la ;
Cents.,
do. 4i
per Cents., 96 98 ; Spanish 3 per Cents., 4441 ;
do. Deferred, 25t i ; do. Certificates, si 6 ; do. Passive, 5i 6. _ . .

the Railway Share
Very moderate dear
Market this morning, and in
most instances lower
Erates are current. Great
Western receded ss. iriga have been reported in
astern Counties, Brighton,
Manchester, Sheffield
North-
EasternNorth-Eastern (York),
and South-Eastern, io ; and Great Northern
about 15s. ; South-Westerns Oxford, Worcester,
and Wolverhampton,about ss.
(erwick), and' and Lincoln,
The Foreign
declined
Dutch lines advanced
were inactive, and
Rhenishirer cernet; receded 5 :in several instances.
Lombardo-
Venetian 55., and Antwerp and s'
Rotterdam about
ss. The Colonial undertakings were also at a Blight
decline upon former values. East Indian Lave
receded ss. to 10s. ; Great Western of Canada, ss. ;
and Grand Trunk of Canada, about 55.
In Mining Shares only one transaction WM re-
, ported, viz., Wheal Ttelawney, at 24k.
Oriental
Joint Stock Bank Shares exhibited a slight im-
provement. Bank of Australasia advanced 3s. 6d.
to 10s. ; London and County declineds
with little
. ;
Bank, 10s. ; and Union of Australia 15s.
Miscellaneous Shares are very dull,
variation to notice in prices.

B .ITISH FUNDS.—CLOSING PRICES—THIS DAY,
(From the Official List;)
Business done.
Sauk stock ....... .. 203 9 5 7 6i 7
3 per cant. Reduced Annuities
per Cont. Consols Annuities BBl 4 k 9 gi
ow 3 per Cent. Annuities B3 7k 8i 4
Long Annuities, expire sth Jan. 1860
India Stock..
In Bb, Bonds. £IOUO
')itto, under £lOOO 4O d
Col sols for Account, .......
likahequer Bills, 24(1.;
£lOOO ................ ............. .
i5OO lO 15 d
S nail.. ... ..
PRICES OF FOREIGN FUNDS—THIS DAY.
Brazilian 5 per Cont.
huenos Ayres Bonds, 6 per Cent. Bl i
Mexican 3 per Cent..................
Vortugueso Bonds, 5 per Cent., Con. 1841 --
Ditto 1853, 3 per Cent ... 43 1
Russian Bonds, 1821, £ St., 5 per Cent.,„
Ditto, 4/ per Cent. 971 7
Bard inian Bonds, 5 par Cont. .. 9O
Swedish 4 per Cent.
Turkish I:onds, 11 per cent •
Ditto Guaranteed, 4 per Cent.
;Dividends on the above payable in London.
Dutch Exchange, 24 per Cent., 12 Guilders 63.4
'
71/REE O'CLOCK.
Consols, money ..
Consols for account, November 10..,.,,
884-

THE Ray. J. M. Buracw ON INDIA.—This celebrated 11
:
divine, late chaplain to St. John's Cathedral, Calcutta, ii
has consented, at the solicitation of Mr. Mitchell, of
Old Bond-street, to deliver a lecture on the past and i
eight
present condition and future prospects
of
India,
wExeterith a view Hall 0 fon
augmenting Monday
Indiain next
et a person as Mr. 11nRlef fund. At the
present time a lecture from so io' clo eka , t
Bellew, who is so thoroughly acquainted with the sub- •
ject, is of the utmost importance, and an immense
gathering is expected. The arrangements, within the
hall will be under the immediate superintendence of Mr.
Mitchell, so everything calculated to add to the com-
fort of the audience will be attended to. Efforts in so 11
good a cause are worthy of the highest commendation. ,1'