The Sun.
London, England, 1857-04-09 00:00:00

NEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'Caock
Advices from Liverpool state that the Cotton
Market 'yesterday clo,ed quietly but steadily, and
prices were without alteration. The sales were
6,000 bales, 500 of which were taken for export
and about the same quantity for speculation. The
Railway Share Market was quiet, and prices
slightly declined.
The subjoined information relative to the tea
trade is extracted from Messrs. Layton, Hulbert,
and Co.'s circular :—" Since the 25th ultimo the
market has continued inactive. The trade have
been entirely occupied with their clearings, many
of the dealers refusing to look at samples. The
delivery of tea under the new duty of is. sd. per
lb. commenced on the 6th, and the customs paid
at.. this port already amount to about 350,0001.
The clearances are expected to continue throughout
the present week on a most extensive scale. So
Boon as the dealers are relieved frsm this pressure
We look again for more activity of demand.
During the past fortnight common congon
haft declined to the extent of id. per lb., it
having been sold as low as 11/d. per lb. This fall
wits attributable to the rumour that was telegraphed
here from Malta on the 28th of the overture on the
Part of the Emperor of China to make peace with
the English. The letters subsequently delivered
not having confirmed the statement the market has
since rallied, and common congou is now worth
la. Old. per lb , with no sellers. Other kinds of
black tea are unchanged ; prices, however, must be
eenaidered somewhat nominal. Souchoug is more
saleable than it was, and some recently arrived parcels
have been selling as high as 2s. sd. and 2s. 6cl. per
lb. Flowery Pekoe continues scarce. There is no
change in Scented Teas or Oolongs. Greens are
Moving off slowly, at high prices. The export de-
Inane' for Hyson, under 25., still continues, but st 16
:
grades above this price are difficult of sale. Canton 16
sorts remain as before. There was a small sale 3
held on the 31st ; the Assam sold with spirit at 20
full prices ; the China production was mostly rl3 t
bought 'in. The total stock in the United King-
st.
dom, on the Ist of April, is estimated at 20
9 ',434,000 lbs. 10
The Nimroud has arrived from New South 123'
Wales with advices to the 6th January. She is '";
2
not supposed to have any gold on board. The 25
Jura from Alexandria is announced off Hurst st.
Castle with the remaining portion of the Australian 10
mails for Simla. 10
The general meeting of the Great Western Rail-
way of Canada was held to-day; R. Gill, Esq., in
the chair. The report has already been alluded to
in the various journals. It may suffice to say
that tha gross revenue of the half-year was
393,880/. 125., being an increase over the corre-
sponding half-year of 62,1181. 15s. 8(1. The
net earnings for the half-year, after all deductions,
Were 134,8131. 2s. 7d. currency, out of which a div.,
at the rate of 9 per cent. per annum, was now re-
commend ed. After this distribution a surplus of
4,575/. would remain for next account. The Chair-
Man said the late fearful accident had arisen from
an axle of the truck of the engine having suddenly
broken ; and that the average earnings of the line
were now 20,0001. weekly currency. The report
Was adopted after some discussion.
Although the present position of monetary affairs
is very unsettled, the late restrictions have for
a time proved successful, and the Directors at
their meeting to-day adopted no fresh measure.
A fear had been pretty generally expreped thatthe
Minimum for discounts would be carried to 7 per
cent., but; the influx of gold into the establishment
during the last day or two, and the less extensive
Operations in silver have rendered that movement
*unnecessary. It is yet, however, too early
to estimate the probable effect of the
precautions lately taken, and we notice as an un-
favourable feature that some of the Continental
Money markets are not improving so rapidly as
recently reported. Indeed at Paris, Leipsic,
and one or two other cities the markets are
tighter, and this must not' be omitted from
consideration. A great deal will depend upon
the Australian supplies, and there is reason
to believe that these will exert a very beneficial
influence. In the meantime, however, full rates
are paid for discounts, trade is repressed, and all
interests are effected. The next return published
by the Bank of England is expected to show some
very discouraging features, which will fully account
for the restrictive policy lately pursued by the
Directors.
MA large business is recorded in the English Stock
arket, but speculation in Consols continues
limited. At first prices drooped, owing to the
uncertainty felt regarding the course which
the Bank would pursue. Confidence, how-
ever, increased, and when it became known.
that no alteration in the Bank rate bad oc-
curred, an improvement of 81 per cent. took place.
Consols have been 921 921 _a for transfer ; for
account, 921 93. The present values are 921 and
93 to respectively. The now Threes have been
largely dealt in at prices varying from 911 to
91a, and the Reduced are 91A- to 91i . Bank
Stock is 216 to 218, and India Stock 2241. The
March Exchequer Bills are 2s. premium., the
June ditto Gs. to 2s. discount, and the Bonds
98i I.
, In the Foreign Market the transactions have not
been large. Turkish 6 per Cents. have improved
hev62 97. Spanish 3 per Cents., however, are
avy at 41 ; the Deferred, 242 ; and the Certifi-
catee 6a : Portuguese 3 per Cents. are 45 ; Dutch
41' per Cents., 641 65 ' • and the 4 per Cents., 96-!.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Biands, 61 7 ; Mexi-
eat 11 23 a; Peruvian, 76 8 ; do. 3 per Cents.,
"16 ; Portuguese 3 per Cents., 441 54 ; Russian 5
per Cents., 104 6 ; ditto 41 per Cents., 95 7 ;
alanish 3 per Cents., 41 411 ; ditto Deferred, 242
40 ; ditto Certificates, 6g d ; ditto Passive, 5i 6.
„The last week's railway receipts., ascertained up
this day, are in round figures am under :

18
20
100.
100

18b7. 1856.
Great Western £25,992 £24,779
North-Western
Brighton
Western 13,790 13,584
adr.ightm 12,030 11,957
Midland
lionth-Eastern 15,162 16,151
Caledonian -
11,936 10,629
,?reat Northern
lancashire and Yorkshire
Bristol and Exeter 5,966 6,223
theater and Holyhead
East Lancashire 5,092 5,415
.ISanchester, Sheffield, and Lincoln 9,214 8,788
North Stafford
North London
Oxford, Worcester, and Wolverh 3,841 3,345
i.,Edinburgh and Glasgow
vs-'I42gOW and South-Western
Qcottish North-Eastern
Grand Trunk of Canada
Great Western of Canada... 10,297 12,623
Northern of France
The Railway Share Market has been rather
active this morning, but prices in the majority
of instances show a slight decline upon the
official rates of yesterday. Caledonian and
Great Western have receded 7s. 6d. to 10s.
Lancashire and Yorkshire, North British, North-
astern (Berwick), North - E astern York ss. ,
Great Northern and North-Western 10s., and
South-Eastern 15s. Grand Trunk of Canada ruled
rather firmer, being 6012 61, and Great-Western of
Canada and East Indian brought yesterday's rates.
France
of France were steady, and Southern of
declined 10s.
In Mining Shares no busine:ls of any importance
bas been reported. Cobre Copper brought 61 to
62, and United Mexican receded to 3;..
Joint Stock Bank Shares have been exceedingly
dull • London and Westminster declined ss.
Lithe Miscellaneous Shares there is very little
change to report. Australian Agricultural, Crystal
Niece, and Peninsular and Oriental Steam realised
Yesterday's rates.

FUNDS.—CLOSING PRICES—THIS DAY.
(From the Offictal

tank Stook nnon.,.• dime
.. 217 13 16
,4 De' Cent. Reduced Annuities
" Per Cent. Consols Annuities ,
iew 3 per Cent. Annuities
04g Annuities, expire sth Jan. 18 a 0...
Ditto 30 Years, expire sth Jan., 1860 2'
, Ditto 30 Years, expire sth April, :1885 l7 15-16
NiaStock
mediaßonds, 1:1000 .......... .•......
~, Ditto, under £lOOO 1 d par
'-onsols for Account
...... .. 93 2/ 34 i
tteheciner Bills, 2td. March. I June.
£lOl.O WM". . ...., ...2 p 1 2d
.4500.
Brasil . •••• -2d
Ditto Bonds, 1858, 3* per Cent. ... ...... 98* i
Ditto, 1659
PRICES OF FOREIGN FUNDS—THIS DAY.
hilian Bonds, 6 per Cent lo4' 21 x d
Grenada New Active, 2i per Cont.
Peruvian Bonds, 41 per Cent 771
Ituguese Bonds, 5 per Cent., Con. 1841
,„ Ditto 1853, 3 per Cent. 45
"Panish Bouds, 3 per Cent.

D]tto New Deferred, 3 per •••
bitto Account 24i
cTanish Committee Cert. of Coup. not fun EA
Bonds, 6 per cent
Ditto Account
Ditto Guarauteed, 4 per Cent.

D ,)t, Joerri.; oTithe -Araby: in
Exchange, 2} per Con ,12 Guilders 65 4i 58
Ditto 4 per Cent. (.'ertificaies

7IIREB O'CLOCK.
C9nsois, money 92R 4
Ditto, Acoount (May 7) 93i 1!