The Sun.
London, England, 1857-05-13 00:00:00

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Letters from Liverpool mention that the Cotton
Market yesterday elo.ed firmly. Prices of Ameri-
cans were extreme. All other descriptions were
unaltered in value. The sales were estimated at
6,000 bales. The Railway Share Market cli-sed
steadily, but there was only a limited business
transacted.

The public sale of indigo commenced yesterday
under rather unfavourable circumstances. The at-
tendance of buyers was limited, and the bidding
were made with great caution. Some parcels were
withdrawn, as previous prices were not offered, and
a quantity of old goods was dispcsed of at a decline
of 4d. per lb. Subsequently the reduction in
values wa increased to 4d. and 6d. per lb. For
the new imports of Bengal there was a better en-
quiry, but at a fall of 3d. per lb. Good
Kurpalos reused February rates to 2d. de-
cline, and ordinary and Madras receded 31 to Gd.

The condition of the Parisian money market con-
tinues very stringent, and considerable attention is
therefore paid by all classes to the negotiations in
progress for augmenting the power of the Bank of
France. We have already published the terms
upon which it is believed this gigantic opera-
tion will be carried out ; but some modifi-
cations may yet be introduced in order to
render it more popular. The full rate of
6 per cent. is still charged for discounts, and a re-
duction is not expected for some time. The con-
sequence is that trade remains dull, and the Bourse
if 4 depressed. During the last week the stock of
coin and bullion in the Bank has declined seven
millions of francs ; but, as arrivals were expected,
the monthly balance-sheet, to be published on
Thutsday, may not show a very material alte-
ration..

Although an easier feeling is apparent in the
money market, and the supply is temporarily abun-
dant, the public must not bs deluded into the be-
lief that a sudden change from scarcity to plethora,
or from high to low rates, is about to be expe-
rienced. Indeed, if any improvement is approach-
inn, it must of necessity be verygradual, and a par-
tial relapse will no doubt occur whenever a.revived
demand springs up. To-day there is a good inquiry,
and perhaps some increase of pressure ; but it does
not emanate from the commercial public, but from
those engaged in specie operations, large purchases
of silver being made for transmission to India and
China on the 20th. At first it was sup
posed the vessel which will then be despatched
would not take out more than 30C,000/.,
but a larger remittance is now expected. Mode
rate supplies were coming from the Continent,
about 30,0001. being received yesterday, but these
transactions are very small compared with those
lately concluded.
The Foreign Exchanges were firmer yesterday
afternoon.
About 75,0001. of the gold from America by the
steamer Arabia has been sold t ) the Bank, and as
steady remittances from the United States are ex-
pected, this appropriation has given satisfaction to
those interested in an improvement in financial
affairs.

A supply of about 106,0001. in specie has ar-
rived to-day from Africa, America, and the Brazils.
At the annual meeting (this day), of the Legal
and Commercial Life Assurance Society," W. C.
Venning, Esq., in the chair, a satisfactory report
Was read by the actuary and secretary of the insti-
tution. The quiet and gradual progress of the
society, under all circumstances, was a source
of gratification to the policy—as well as
shareholders. The premiums received in the
past year were 18,9291., and the loss by
death, 9,0201., whilst it was only 4,0001. in the
Previous year. Still the two (13,0001.) were said
to be under the average calculation for two years,
and caused for that reason no alarm. The society
Was conducted with every degree of economy, and
out of the profits the directors now set aside 7,000/.
to the reserve fund, and made a dividend of 5 per
Cent per annum to the shareholders. A cordial
vote of thanks was passed to the directors, and Mr.
Parnell, the actuary and secretary of the society.
The English funds have undergone no particular
variation, as business is dull, and monetary and
political influences remain as before. A high point
has now been attained, and unless a further favour-
able movement in the money market
,takes place,
it is not likely that prices will go much higher.
Consols have been 931 941, and 931 94 for money,
and 94'1 for account. The New 3 per Cents. are
92a ; the Reduced, .92i ; the March Exchequer
Bate, par to 3s. prem. ; the June do., is. . rem.
and the Bonds, 98i
and India stoc 220. Bank stock is.° 212 toP 214 ;;
Foreign Stocks have given rise to few operations
this morning, but some of the principal invest-
ments were dearer. Turkish 6 per Cents. have
been 937; 94i, and they ars 941 4 for the next ac-
count. The 4 per Cents., 100 i A. Russian 5 per
Cents. 1051 to 106, and the 4 per Cents. 96 .
Mexican are 23 and Dutch 4 per Cents. 97:7.
The following are the nominal prices of Foreign
Stocks ;--Grenada Deferred Bonds, 61 7 ; tlexio in,
221 3i; Peruvian 41 per Cents., 77 78 ; ditto 3 per
Cents., 54 ; Portuguese 3 per Cents., 45 46 ;
Russian 5 per Cents., 104 106 ; ditto 41 per
Cents. 97 97 ; 'panish 3 per Cents., 411 2 ; ditto
Deferred, 251 ; ditto Certificates, 61 4 ; ditto
Passive, 54 6.
The Railway Share Market has exhibited symp-
toms of improvement, and prices generally are
looking upwards, now that the settlement of the
a_c_count is nearly completed. Caledonian rose
; North Western, 15s. ; Eastern Counties, ss. ;
Lancashire
and Yorkshire, ss. ; Oxford, Worces-
ter, and Wolverhampton, 10s. ; South-Restern,
108. ; and Norfolk, 11. The Foreign and Colo-
nial undertakings ruled very quiet ; and the
French lines were not dealt in. Great
Western of Canada improved about ss. ; East In-
dian and Great Luxembourg were at steady rates.
British, Foreign, and Colonial Mining Shares ex-
bihited no change of importance.
Joint Stock Bank Shares were almost neglected ;
London and Westmin'ter declined about 55., and
Union of London ss.
In the Miscellaneous Shares the only business
reported has been in Crystal Palace and London
General Omnibus Company, at about previous
rates.

BILITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

_
• Pusiness done.
212:1; 12 11
?wt. Stock
Pe* 0-,.at. Reduced Au...tittles
3 Per Cant. Consols A.unsitios 93 4 4 4 3
New 3 per Cent. Annuities 92i. i i
Lon; Annuities, expire sth Jan. 1869. . 2 7-16
India Stock
Consols for Account
• • • .94 lExchequer Bills, 20. March. I June.
£
£lOOOO , 0
a11'5.......... •••• I I- 13
....................... _
a ......... ........ ... — 1
Ditto Bonds, 1858, ii per Cent. ..
Ditto, 1359 ............
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican 3 per ent.. .
Ditto, 44 per Cent. ........
Tlirk:ht, ..olids, ti pc.r cent. . 94 i 4i
Ditto for account
Ditto Guaranteed, 4 per Cent.
Ditto Account .
Dividend;On . the. anova otyable tn Loa..cn.
Dutch Exchange, 2 per Cent., 12 Guilders'
Ditto 4 per Cent. Certificates 974
TWO O'CLOCK.
Consols money 93 4
Ditto Account 94

It is confidently asserted in some quarters that the
present Solicitor-General has actually resigned his
appointment.
The Marquis and Marchioness de Vasconcellos have
left-the Clarendon Hotel. Mr. T. L. Blane has left the
same estallishment for Winkfield, near Windsor.
THE REPRESENTATION OF EAST NORFOLK.—On
Saturday the heads of the Conservative party in East
taking Nor folk held a meeting in Norwich for the purpose of
some steps to retrieve their recent defeat. It
Was determined to revive the Conservative Registration
Stciety which formerly existed in the division, and a
subscription being entered into for this purpose, 2001.
was promptly collected.
, MR. COBDEN AND THE BALLOT SOCIETY.—At the
iast meeting of the Executive Committee a letter was
read from Mr. Cobden to Mr. Thomas Prout, the trea-
"rer, enclosing his annual subscription of 101., in which
Mr. Cobden said :—" Nowis the time for agitating your
questiore Mr. Grote was accustomed to say be was
always well supported in the first session of a new Par-
liament, for that then the wounds of the electors were
fresh and green from the electoral battle-field. I hope
You will be able to set up branch societies, and to gather
io subscriptions all over the country. lam sure you,
Ms. VVhitehurst, and Mr. Wickham, and the rest of the
workers, have done your duty and are entitled to the
gratitude of the country."
REROIC CONDUCT. —On the evening of Thursday last,
as the son of Captain Allen was sculling a beat from
a ship in Lyme Regis harbour, the boat became un-
shipped, and he fell overboard into deep water. A
Youth. named Thomas Reddie, son of Mr. Retldie,
organist and composer, who was in another boat at the
tine immediately jumped into the water, dived twice,
and succeeded in bringing Allen to the surface. Some
persons in another boat held out an oar to Reddie, as
ha was swiremieg to shore with his rescued companion,
and both were thus safely landed. The youth's coura-
geous cenduct was witnessed and applauded by a con-
siderable number of persons.