The Sun.
London, England, 1857-01-10 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLociz.
The Liverpool Cotton Market yesterday closed
quietly, but sales could not be effected without a
alight reaction in prices. The sales only amounted
to 5,000 bales, all of which were taken by the trade.
In the Railway Share Market business was quiet
without any particular variation in price.
The Bank of England Returns published last
evening, and completed fur the week ending the
3d instant, are not of a favourable character. It
must be recollected that this balance sheet is made
up prior to the payment of the January dividend,
and the public deposits show a further augmenta-
tion. Thisis the only satisfactory feature which is
presented, for the bullion is smaller, while the re-
serve of notes has descended to a point that was not
at all anticipated. Of course this alteration may
be ascribable to the large amount of accommodation
that was required on the 3d instant to meet
the commercial bills which then arrived at maturity;
and also to the large amount of advances which
was obtained upon securities. The continuance
of the applications for the latter, together with
other circumstances, is no doubt the reason which
induced the Directors to make the alteration in the
rate for such advances on stock to which we adver-
ted yesterday. Ths effect of that measure will not
be very important ; but it has, nevertheless, ex-
cited considerable discussion, in consequence of
the proofs which it affords of the continued
pressure on the money market. Amongst other
reasons which no doubt influenced the Directors
is the gnu' of gold to Paris ; and the Bank
of France Returns, which were published yester-
day, show that, notwithstanding the improvement
which has recently been so much talked of, the
authorities have still to support the resources of
the establishment by purchases of gold in the
London market. The principal items of the Return,
and the alterations which it exhibits, will be seen
by the subjoined table :
Active Circulation
Increase
Bullion 10,182,406
Decrease
Rest
Increase
Public Deposits
Increase
Other Deposits
Decrease
Seven-Day and other Bills 786,524
Increase
Government Securities
Increase
Other Securities
Increase
Notes unemployed
Decrease
The official return of the exports of the precious
metals from the port of London for the week end-
ing Thursday last is as follows :

Gold Coin
Silver Coin
PP PI
„ Bars
If PP

In the rates at which three months' bills in the
chief continental cities were negotiated yesterday
afternoon there was no particular variation, but a
•light decline took place on Hamburg, and the
quotation on Paris ruled firmer.

The dollars brought by the last West India
steamer have been sold at id. per ounce advance.
The bar silver was disposed of at previous rates.
A forged certificate of South Australian Copper
Mining Company's shares having been presented
at the office for registration, the general proprie-
tary have been invited to send their securites in
for examination.

In Lombard-street, and at the Bank of England,
the demand for money is very active, and full rates
are demanded even for the best descriptions of
mercantile paper. The wants of the commercial
putilic are no doubt urgent, but there can be •no
doubt that the measure adopted yesterday by the
lank has induced many parties to provide them-
selves with more capital than they immediately re-
quire, in expectation of an advance in the mini-
mum.

The English Stock Market is dull, but the un-
favourable Bank return has had a depressing effect
upon values. All things considered, however, the
market has been tolerably firm. Consols for money
wore NI I, and they are now about 931 to 94,
while for the account the present quotation is
94 I. The New 3 per Cents, have been 9441,
and the Reduced 934 to 94. Exchequer Bills are
is. to 4s. premium,
In the Foreign Stook Market business has been
very inactive, but rates generally have been de-
pressed. Mexican are 21g. Russian 41 per Cents.
96k 4. Sardinian 89. Turkish 6 per Cents. 95
1, and the 4 per Cents. 1034 4. Dutch 21 per
Cents. are steady at 641, and the 4 per Cents.
at 98.

the following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 7 ; Mexi-
can., 213/4 1; Peruvian, 774 83/4 ; ditto 3 per Cents.,
Si 6 ; Portuguese 3 per Cents., 43 5 ; Russian
5 per Cents., 106 8 ; ditto 4i per Cents., 95 7 ;
Spanish 3 per Cents., 40i 41 ; ditto Deferred,
231 4 ; ditto Certific4tes, 53/4 6 ; ditto Passive,
53/4 6.

A very limited business has been done in the
Railway Share Market this morning, and a decline
of about I to i per cent. has taken place in quota-
tions for almost all the principal shares. East
Lancashire, Great Western, Lancashire and York-
shire, South Western, and Midland were about ss.
lower ; and North Western, Norfolk and South
Western, 10s. to 15s. The East Indian declined
10s., and Grand Trunk of Canada 1/. to 1/. ss.
Great Luxembourg and Lombardo-Venetian are
steady. The French lines are at nominal rates.

•
Joint Stock Bank Shares rule very dull, and
generally at reduced values. English, Scottish,
and Australian, 10s. ; Union of Australia, 10s.
London and County advanced ss.
In Miscellaneous Shares there is very little
alteration to report, but prices rule rather heavy.
Peninsular and Oriental Steam have declined
about ss.

BRITISH FUNDS Tilts DAy A T ONE O'CLOCK.
(From the Offictal List.)
per Cent. Reduced Annuities
.. Rustneee done
$............. 93i 4
per Cent. Console Annuities,.... 93"
New 3 per Cent. A.nnuities ..................... 94i ; d
Coisols ?or A ccount
94i
Exchequer Bills, 24d.

£lO6O - -
4 1 p
£5OO
Small . ...................... 5 p
PRICES OF FOREIGN FUNDS AT ONit 0'01,0( .R.
Grenada Now Active, 21 per Cent. ......... 213/4
Ditto Deferred 63
Mexican 3 per Cent
Russian Bonds, 1822, £ St., 5 per Cent —
Ditto, 43/4 per Cent.
SpaniEh Bonds, 3 per Cent
Ditto New Deferred, 3 per Cont.
Ditto Account 233
Turkieh Ronda, 6 per cent 9si
Ditto Guaranteed, 4 per Cent. —
Ditto Account
Dividends on the above Payable in 'Ando
Ditch Exchange, 23/4 per Cent., 12 Guilders 64i x d
Ditto 4 per Cent. Certificates 9B
TWO O'CLOCK..
Consols, money 93i 94
Ditto Account
ISt

20
20
l 7
20

rvietFlus.—The orders to purchase mining shares re•
ae
be 0 this week, for investment and speculation, have
en almostunprecedented in and
extent, a very active
hr:rete apd a large amount of business transactions
quoted tilted- In our last, West Frances shares were
of a dlBO4O . but notice having been received on Monday
price ros_e7, shares !became in great demand and the
"peeted:t tiring the week to 421 ; this, as might be
realise the: pted many persons who bought low to
improvernejfofits, and shares receded to 37, 40 i the
which has bee: in the 85 west, on the middle lode,
for 2/. 108. per
freported worth 201. per fm, and driving
to 15, but the pi:rt. Great Alfred shares opened at 147
at 13i to 14 . ; Alfreedwas not sustained, and they left off
in good demand ; TreConsols, 19 to 19k, and have been
Ann, 42 to 43, fa lawnY, 23 to 25, buyers ; Mary
'
14i, 15 ; South Tolenaagnd ; Great South Tolgus, 144,
sellers - the last salgeu Of 155 to 160, buyers, but no
dividend this month. ore looks well for a good
quired after, at 275 to uit shares have been en-
day. 280---Mining Journal of this
APOTHICCABIES'-HALL.--The fon
of gentlemen who passed their exa °wing are the names
and practice of medicine, and receivedrtion in the science
practise, on Thursday, the Bth of certificates to
Evan Farr ; James Riley, Birmingh anuary :—George
Allen, jun., London ; Edward Denniaani ; John William
h •
AM , Charles Francis Hippolite de Isti •
s Moo • •
ce re, firming-
vine, Clifton.