The Sun.
London, England, 1857-11-05 00:00:00

MONEY. IVIARKIITi

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
Letters from Liverpool mention that the Cotton
Market yesterday closed with a flat appearance,
and prices of most descriptions declined. The
sales were estimated at 2,000 bales. The railway
share market closed with more animation, but
values still continue to decline.
The' groundless alarm which is ocasionally pro-
duced among the depositors of the Irish Banks
increase the difficulties of the money market, be-
cause although these establishments are perfectly
Round, and are supported by the commercial com-
munity, their administration feels it desirable to
augment their metallic supplies as a precautionary
measure. Any circumstance which at the present
moment tends either directly or indirectly to di-
minish the stock of bullion in the Bank must be
viewed as unsatisfactory, because the strain on the
resources of that institution is already too
severe. Calculations are being made of the
difference between the relwive stock of
the precious metals now held and in
the memorable year 1847. It is gradually
decreasing, the supplies from Australia, &c., being
exceedingly small. One or two vessels were over-
due from the Antipodes, but much assistance would
not be afforded by the remittances which they
would bring. Still it is admitted that this effiux

to the continent may suddenly diminish, and,
if so, more confident feeling would be imme-
diately engendered. The demand on American
account appears to have subsided, and it is the
continental inquiry which is absorbing so much
and creating increased uneasiness. Now the in-
creased inquiry is partly, if not wholly, attri-
butable to the Hon. East India Company, who
have been effecting large purchases of silver for
transmission to the East. Nearly a million ster-
ling was despatched by the last mail, and
a similar amount will probably leave by the next,
viz.—on the 20th. The question consequently is,
to what extent will these operations on the part of
the Honourable Company be carried, because the
shipments, independently, are lilt likely to prove
very serious, as the recent advices were scarcely of a
character to stimulate exports. If the amounts,
which the company have prepared for shipment are
sufficient for their present wants, the bi monthly
drain may hereafter become reduced to about
the average, and, in that case, the withdrawals

from the Bank would probably diminish—at least
on continental account. While so much uncertainty
prevails, and it is found impossible to guess at the
period when a favourable change may occur, most
persons are quietly watching the progress of events
without expressing any decided opinion regarding
the future, but, as far as can be judged, there is a
hopeful feeling, and, considering all things, a re-
markable absence of gloom and despondency.
At the half-yearly meeting of the Vauxhall Bridge
Company to-day, a dividend of 14s. per share was
declared.

At the meeting of the General Mining Association
to-day, a resolution was carried for raising addi-
tional capital.
The market for English Stocks has been subjected
to a good deal of fluctuation. At first they were
depressed, but afterwards rallied a little, • through
purchases for investment. Since the Bank raised
the rate they have receded, but not to the extent
that might have been expected. Consols are now
881 for money, and 89i k for December. The
New 3 per Cents. have been 88 to 881 ; the
Reduced, 87 88. Bank Stock is 209 to 211, and
India Stock 212. Exchequer Bills are 15s. to 10s.
discount.

About an average amount of business has been
done in the Foreign Stock Market, and prices
show very little variation. Turkish 6 per Cents.
acre 861 87i ; ditto 4 per Cents., 97i ; Brazilian
4i per Cents, 102 ; Peruvian 41 per Cents., 75i
6i; Spanish New Deferred, 25k; ditto Certifi-
!at") 5 ; Dutch 2i per Cents., 64 ; and ditto
4 Per Cents., 971.
The following are the nominal prices of Foreign
SOeks ;7-Grenada Deferred Bonds, 5 6 ;

can, 18i 19 ; Peruvian. 41 per Cents., 75 77 ; ditto
3 per Cents., 51 53 ; Portuguer..e 3 per Cents., 42}
431 ; Russian 5 per Cents., 104 106 ; ditto .q per

Cents., 96 98 ; Spanish 3 per Cents., 404 41 ; ditto
New Deferred, 251 b.
The last week's railway receipts, ascertained up
to this day, are in round figures as
luBnsder
7
1856.
Great Western £28,331 £28,110
North-Western
South-Western
Brightonls,62s 15,528
Midland
South-Eastern
Great Northern
Lancashire and Yorkshire 21,293 22,165
Bristol and Exeter 6,079 6,332
Chester and Holyhead
-
East Lancashire 5,660 6,379
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln 10,635 10,014
North-Eastern
North London
North Stafford
Oxford, Worcester, and Wolver 4,619 4,140
West Hartlepool
Edinburgh and Glasgow
Edinburgh, Perth, and Dundee 3,127 2,997
Glasgow and South-Western
Grand Trunk of Canada 501 5,381
Great Western of Canada .
10
10:967 15,905
A moderate business
was reported in the 'tail-
way Share market this morning, but prices in most
instances declined about 1
per Cent. North Britissh,
South-Eastern, and Vale of Neath, declined 5. ;
Midland, 10s. ; North-Eastern (Berwick), 1.5 - ;
and Great Western, Lancashire and Yorkshire,
Brighton, South-Western, and North-Eastern
(York), 1/. ; Caledonian and Eastern Cuunties are
rather firmer. The Foreign lines are very quiet.
Eastern of France and Namur and Liege realised
about former quotations. The Colonial lines are flat.
Great Western of Canada declined ss. ; East In-
dian, 55. to 10s. ; Geelong and Melbourne improved
about 7s. 6d.

Mining Sharer were inactive, and no change
took place in quotations.
Joint-Stock Bank and Miscellaneous Shares
ruled at steady prices. Oriental Bank improved
about ss. ; Bank of Australasia declined 1/.
Canada Land Shares realised 123 ; and Peninsular
and Oriental Steam Shares, 721 73i ; and Royal
Mail Steam, 55.

BRITISH FUNDS THIS DAY AT ONE (YCLOCK.
aroni the Offictal List:2

sank Stock
211 9 .10
5 per Cent. Reduced Annuities
B per Cent. Consols Annuities
New 3 per Cent. Annuities"
•884 9
Now 24 per Cent. Apnirneutltthies T33 4
Low: Annuities, expire sth
sthJan. 1860
Ditto 30 Years,
. .................................... 1.1.,..1.8.8..5.
..
21171
India Stock
India Bonds, .ClOO6
')itto, under 11000 ..................... ""
36 d
(; cm_ sots for Account
Er"fionner Bills, 24d. ........ .. ..... 882 9
A 1000•.. . le 15 d
ti ,inii
.Exchequer Bonds, 1858, Bi per Cent 9B
Ditto, 1'359
I' LtICES OF FOREIGN FUNDS AT ONE O'CLOCK,
Brazilian 5 per Cent.
Ditto Account
Coilian Bonds, 6 per Cent lO2
Peruvian Bonds, CI per Cent
.3
Ditto Account 75 6
Eipaniql I;oT4ds, 3 per Cent. --'
Ditto New Deferred, 3 per Cent.
Ditto Account
Elp mish Committee Cart. of Coup. not fun. 5i
Turb.h.ll Bonds, 6 per cent --
Ditto Account
Ditto Guaranteed, 4 per Cent.
-Oitto Accouut
Divided is on the above payable 'in London.
Dutch Exchange. 24 per Cenl., 12 Guilders 64
Do. 4 nor Pent. Certificates
Ditto Account • 97
TWO O'CLOCK.
Con lola, money
Console for account (December) Bl i

INDIA ILL-GOVERNED IN 1772.—We have no public
news, but new horrors coaling out every day against
our East India Company and their servants. The
latter laid a tax on our In. ian subjects without the
knowledge of the former. One article was 24,0001. a
year—yes—to Mr. Sykes for his table—yes, yes—and
this appeared at the bar of the House of Commons
from a witness he brought thither himself—ex uno disce
omnes. Poor Indiana ! I fear they will be disaffected.
—Letters of Hor.gce Walpole, vol. v.