The Sun.
London, England, 1857-02-24 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocit.
Advices from Liverpool state that the Cotton E
Market yesterday closed firmly, but quietly, and
prices of all descriptions were without any ma- SL
terial alteration. The sales were estimated at 25
7,000 bales, of which 500 were taken on spatula- 25
Con. The Railway Share Market manifested a St.
dull appearance, and prices tended downwards. st.
s
The colonial produce markets have opened rather ot.
quietly this week, but most of the principal staples 20
are in good request at full rates. Holders of sugar TI
are firm and evince no disposition to press sales.
10
Tea is quiet, and the determination of Sir G. C. 50
Lewis not to modify his scale of duties has had :t5
~
little effect on prices. The current values of most 20
of the other articles are maintained with firmness.
.S.t.
Messrs. Smith and Charles' tallow circular, dated
last evening, states : 25
"The market opened steadily this morning at 675. for St.
March, and 555. for April and June. Later in the day the 20
market was rather easier, and left off for Y.C. for March, 10
665. 6d. ; April, 60s. 6d. ' • April and June, 555. (buyers) ; St.
October and December, 535. to 533. 6d. The trade has
bought very sparingly during the past week. Tho price of
all other descriptions being much below that of Y.C., the
consumption is supplied from them."
There is no new feature to report in connection
with the money market. The inquiry continues
active, and there is not likely to be any relaxation
until after the 4th proximo, when a heavy mass of
commercial paper will have to be met. The
full charge of 6 per cent. is in most cases
demanded, but no difficulty is found in ob-
taining accommodation, the market being well
supplied. It is still expected that an improvement
will soon take place, and even the Russian railway
project is not considered so discouraging a contin-
gency as at first, because the payments on account
of capital are to extend over a period of 10
Years.. The yearly subscription is little over
four millions sterling, which, divided among
five countries, viz., Russia, England, France,
Holland, and Prussia will not create such a depress-
ing effect as nlanyimagine. There can be no doubt
that it will be _undertaken, as the concessionaires
themselves..are!infludntial.enough -to support it in
the first instance if necessary, and await a favour-
able opportunity for inviting public subscription.
At the meeting of the Londonderry and Ennis-
killen Railway Company, just held, a report was
read showing a disposable balance of 5,527/. 15s.
Bd., after payment of interest on Government loans
and ordinary debentures and temporary loans,
which sum would be sufficient for the payment of
the 3 per Cent. on the 101. shares, and to pay a
dividend of ss. each, or 4 per Cent. per annum on
each of the original 121. 10s. preference half shares.
At the meeting of the London, Tilbury, arid
Southend Railway Company, to-day, a favourable
report.was read, showing a net balance of 14,9751.
12s. Bd. of receipts over expenditure during the
year 1856, being about sufficient to meet the gua-
ranteed interest. The Barking line was expected
to be opened in the autumn, and would be worked
by the Eastern Counties Railway Company. The
report,was adopted.
The transactions in the English Stock Market
have been very limited, and prices remain without
the least variation of importance. The buoyancy
'of the Funds, the specie arrivals, and general
monetary prospects impart strength to the mar-
ket, but speculation for the rise is dull, and
prices are not easily influenced. Consols
for money have been 931 for account
931 94, and for April 94i a. The New 3 per
Cents. have been marked 94i I, the Reduced 94
941, and the New 2i per Cents. 78. Bank Stock
is 220, and India Stock 222. Exchequer Bills
are 3s. premium, and the advertised bills to be
paid off or renewed are ls. to 2s. prem.

Foreign Securities are very inactive. Turkish
6 per Cents. are 95k being firmer ; but the 4 per
Cents. are nominally without alteration. Portu-
. geese 3 per Cents. are 44/. French 3 per Cents.
70f., with the exchange at 25f. 25c. ; and Dutch
2i per Cents. 65. Mexican Stock is flat at 21k.

The Committee of Mexican Bondholders have 5
received advices from Mr. Whitehead, dated Mexico ro
.the 19th ult., from which they learn with great 25
:regret that M. Serdo's resignation had on the 3d 10
ult., been definitively accepted by the President,
and on the sth had been made public. No Leo
one has yet been named to succeed him. The 18
President had, however, signified to Mr. White- 18
head that effect would be given to the arrangement 20i
negotiated with M. Serdo, of which the committee 100
expect to hear further by the direct packet due next
week. With the exception of some small amounts re- 100
ceived at Mazatlan, Colima, Arc. (4,598), which Mr. E
•Whitehead himself had in hand, he feared that no 20
remittances were likely to come forward just at pre- Vi
sent, in consequence of several recent aggravations 20
of the political condition of the country. St.
The following are the nominal prices of Foreign 100
Stocks :—Grenada Deferred Bonds, 6. 7 ; 100

can, 22k ; Peruvian, 80 81 ; Ditto Three per I 20

Cents., 55 56 ; Portuguese 3 per Cents., 41 46 ; St.
Russian 5 per Cents., 109 111 ; ditto 4 per Cents., 100
97 99; Spanish 3 per Cents., 401 ; ditto Deferred, 20
5,; ditto Certificates, 6! ; ditto Passive, 20q
L4..61. • 100 201
,The Railway Share Market has been very active, too
and for almost all the principal lines higher 100
rates have been realised. Caledonian and 10Q
North-Western rose 55., Lancashire and York- 20
shire, Manchester, Sheffield, and Lincoln, Mid- 20
land, North British, and South-Eastern 10s., and cfo/
Great Northern and Great Western 1/. Bristol 20
and Exeter, North-Eastern Berwick, and Oxford, 20
Worcester, and Wolverhampton, declined about 2'
ss. For the Fore'gn and Colonial undertakings

higher rates were also realised. East Indian, Great
. Luxembourg, and Paris and Lyons improved bs.,
and Grand Trunk of Canada and Royal Danish 10s.
Mining Shares have been very inactive, and
:there is no alteration in prices to report.
In aoint Stock Bank and Miscellaneous Shales
..business has been inactive.
Coiamercial of London rose ss. ; Electric Tele-
graph, National Discount Company, and North of
Europe Steam realised former quotations.

:BRITISH FUNDS.—CLOSING PRICES—THIS DAY.
(Frain the Offictal List:)

•
Z&nk Stook Peon..., done
no 181
.3 per Cent. Reduced Annuities 94 A
t`per Celt. Consols Annuities 33i i 4
New 3 per Cent. Annuities 94i A i
Kew 21 per Cent. Annuities
Long Annuities, expire sth Jan. 1860... 21
- Ditto 30 Years, expire sth Jan., 1860 21
Ditto 30 Years, expire sth April, 1885 lB 9-16 f
India Stock
Consols for Account ...... .. 94 311 4
Sgehequer Bills, 2id. •
£lOOO . ......... ..... ...... .
Ditto Advertised 1 d 2 p
Ditto Bonds, 1858, 31 per Cent 9B.
98A
Ditto, 1859 ............ • ............... -
PRICES OF FOREIGN FUNDS—THIS DAY.
41razili'ul Bonds, 5 per Cent.
Ditto New, 1852, 41 per Cent. .
-AG Irenada New Active, 21 per Cent.
Ditto Deferred ................. .
ideu• ..........
Ican 3 per Cent
byitto Account . ................. ..
-"‘uguese Bonds, 5 per Cent., Con. 18* 7,3
Ditto 1853
Russia, 13 . 3 per Cent
DittO, 4einpde, 1C822, E. St., 5 per Cent
Spani,A, ~., .per Cent. 9Bl
Tlirki,h itrantinitteeper Cori.
cenotf Coup. not fun. 61 1 P C
Ditto Accods' 6
Dultittioto 431.
entraunntte.e..4;4, . ;;;;-aeut..•..... ......
9-51
I
Velietne4la Acted.
.......... ! ........... . ........ 101 i
Ditto Deferred' If per dent
of Deferred' § per Cent. . 44
French Rentes, 11,t,,h"riebeve ovum, in bond( 11.
Ditto 3 per Contt: s'ent. ......
:Dutch Exchange, 2i .... . ........... ....
a 'jr went., li Gull_ 65

Consols, money 21/REB O'CLOCK,
Ditto, Account .. ************** 934
***** 93i 4

IRON, HARDWARE, AND *R.
LuETAL TRADE PENSION SO- I
ClRTr.—This society, established 1843 for the purpose It
of affording permanent relief to deleae
members and their widows, and wijVi now numbers 25
ng and necessitous
men and 40 women pensioners, ata the average
annual cost of 1,2751. 155., held its annual ball last night at Willis's Rooms, under the
his of ,
his Grace the Duke of Norfolk, &c.
zeal and i
energy of the members of the trade, in forwardingf the
may be inferred
interests of the institution,
the fact that nearly 400 ladies and gentlemen were rpome
sent. E. Laurent's band was in attendance, and the wholer
proceedings were carried out satisfactorily to the Hume_
one visitors, and realising a considerable accession to ii
uncle of the institution.
1,