The Sun.
London, England, 1857-07-17 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocx.

In the Liverpool Cotton Market yesterday there
Was an active demand for most descript'ons, and
at a slight improvement in prices. The sales
amounted to 10,000 bales, 1,500 of which were
taken by
The the speculators and 500 by the exporters.
Railway Share Market closed steadily, and
previous prices were fully maintained
The public sales of Colonial wool commenced
Yesterday and the attendance of both home and
~i°r"ign buyers was larger than usual. The bid-
"jags Were spirited and the finer qualities of Aus-
tralian and Cape realised an advance of M. to
rer lb., compared with the rates current during
the previous series. Owing to the wants of in arm-
faeturers both here and on. the Continent, and the
easier condition of the money market it is presumed
that this rise will be support-d. During the sales
ut
71,000 bales will he offered.
In the Foreign and Coloni'd produce mar-
kets, this week, business has continued rather
quit, and the changer in prices' have not
been very numerous or important. For sugar
the
a4lesthe importers inquiry has been limited, and in order to effect
have b-en compelled to submit
to reduced quotations. Coffee is al-o cheaper, but
in fair request. Coco tis firm, and rice quiet. For
tea the demand is restricted, but holders continue
firm. About an average amount of business has
been done in spices, but it has produced no material
Change in values. Saltpetre is firmer, and tallow
steady. The indigo sales are proceeding with firm-
ness, Yesterday there was very little alteration.
764 chests were sold, 268 bought in, and 397 with-
arawn• In three days 1,842 chests have been sold,
491 bought in, and 2,186 withdrawn, making 4,519
Passed and 8,613 remaining of the 13,132 declared.
For several months past the Turkish Govern-
ment has been making strenugus endeavours to
improve the financial po.Qition of the country, or
in other words 'to raise the means to defray its
current expenses. The revenues being insuffi,ient
recourse has been had pretty freely to the usurious
money-lenders in the Ottoman Porte, and 15 to
20 per cent. interest has been paid for the ac-
commodation. With the view of getting rid of
these and other obligations, the Sultan now con-
templates the negotiation of a loan in London,
and the amount to be asked for is estimated at
5,000,0001. or 8,000,0001., on a 6per stock at 82.
ut if we may judge from the opinions generally
expressed upon the subject, the operation will
not meet with much support, for although Turkey
May be able to pay the interest on her present debt,
it may be doubted whether the seciiri'y she would
offer for the payment of the dividend; on a further
sum would be considered satisfactory. The an-
nouncement of this intention on the part of the
Sultan has had little or no effect upon the value
°f the Turkish Securities dealt in at the Stock
Xxeliange.
The steamer Orinocco has arrived from the West
ndies and Mexic with about 190,0001. This
annply will not be in time for the shipments on the
20th to the East Indies and China.
There is a good demand for money at the re-
due d mi •
nimum, but first class bills have toen
negotiated at 5f and 5g per cent. The Joint
deposits,
establiShments only allow 4i per cent. for
ueposits, and it is therefore expected that many
Persons will withdraw their capital and invest it
In the Funds.
The English Stock Market, though still very va-
;labia, is firmer than it was yesterday. It now
ihcll49.rs that there is no immediate prospect of an
ilin Loan, and this, combined with the relief
naturally afforded by the reduction in the rate of
tise°llnt has improved the tone of business.
ntil fresh Indian news arrives, there will
11,,atiltally be an unsettled feeling, and
numerous unfavourable rumours will no doubt gain
curee-"c It the public purchased for iuvestme,. t,
th
these
ould certainly support the market, but
uese operations have hitherto been limited. The
el'ek,sed Turkish Loan has not depressed values,
Mlt is not expected to prove successful. Con-
gill
s for transfer have been 911 I, and
"r 1 i• For account 911 'l,-, and 911 1. They
4°' 91-3. and 917 2. respectively. The New
NAPer,.Pents. are 94 1, the Reduced 917 -0-, and
n,-/v u3/4. Per Cents. 991 ; Exchequer Bills 4s. dis to
-ill': and the Bonds, 1859, 985 4. India Stock is
iontoth2c3l6p, and dittoßonds (under 1,0001.) 15._
.bee ported treported,
reign Market very few dealings have
and the only feature of interest has
he advance in Turkish Bonds. The 6 per
value have been 94T, 95, 957, and the present
Is 'lO2l , The 4 per Cents. have risen to
and Spanish 3 per Cents. to 40 I-. Rus-
-9,-`4) Per Celits. are 1091 ; Ditto 4i per Cents.,
;tooiteand Brazilian 5 per Cents., 101-i.
following are the nominal prices of Foreign
22 , a :—Grenada Deferred Bonds. 6 6L ; Mexie,tn,
,eclicileourPttuerglinvesiae% 80 82 ; ditto 3 per Cents., 54
per Cents., 441- ; ithuslan 5
lipani 8.) 109 111 ; di-ta 41 per Cents., 96 98 ;
.ditto -8,,,' Per Cents., 40 ; ditto Deferred, 25 ;
ti_`,-'ertifiteates, 5i 6 ; ditto Passive, 51 6.
raari7t.4rs. D. Bell, Son and Co., report that the
4m for American Securities has coo tinned dull
during the past week, and prices are unchanged.
GOVERNMENT SECURITIES.
Redeemable. Cent.
united States 6 per Cents. 1867-1868...106 Per
1061;
cited States 6 per Cent. Bonds 1868...106 1061
glalia STATE SECURITIES.
far.tna 5 per Cent
gland 5 per Cent. (Sterling Bonds)
478ri.lusetts 5 per Cent. (Sterl. Bonds)
tonsri 6 per Cent. Pl. Bk
1841-1871... 40 42
thssissippi per Cent. Union Bk Bonds ... 20 22
i;)%unsylvania 5 per Cent. Stock
tr: naylvania 5 per Cent. Bonds ' 1877... 80 81
.4.ntiessee 6 per Cent. Bonils
NrP.gitda 6 per Cent. Bonds - 1886... 81 83
5 per Cent. (Sterling Bonds) 1888... 84 80
LOANS OF CITIES.
ston 41 per Cent. Bonds 1883... 90 . 92
b.4ontreal 6 per Cent. Bonds 1856-1865...
'evr Orleans 6 per Cent. Stock • 1883... 75 77
RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
1111:Z'nvertible 1875... 87 89
Central 6 er Cent 1875... 84 86
Central 7 per Cent. Freeland
Bonds 1860...101 103
Illinois Central (Shares). paid ... 13 14 p
Michigan Cetral 8 p. Cent., Convert 1860...
Nl3°. do. do. 1869... 89 91
ew 'York Central 7p. Cent., Convert 1864... 83 90
York Central 6 per Cent., not
New
1883... 76 78
York and Erie 7 per Cent. 3d Mort-
gage 1883... 80 82
~,s ......................................
Ll/4,...yorrkkand Erie 7p. Cent. Convertible 1862... 72 74
and Erie 7 per Cent. Sinking
zilnd 1875... 75 77
Pans
pa ma 7 per Cent., Ist Mortgage —
ennsylvania Central 6p. Cent.. Ist M0rt.1880... 85 87
A fair •average of business has been done in the
Railway Share Marker, and in all instances at
' ImPtoved rates. Caledonian have been in
k",ticular favour, having advanced about
ft• '
South-Western improved ss. Eastern Colin-
'es Great Northern, Manchester, Sheffield,
„Slid Lincoln, Midland, South-Eastern (Berwick),
4-North-Eastern, York, and North Eastern 10s., and
.Vvlxford, Worcester, .and Wolverhampton and South
ales it. The Foreign and Colonial lines mode
rately active. Paris and Lyons advanced 1/., and
Great Western' of Canada ss. Grand Trunk of
Canada declined 10s., Great Indian Peninsula 55.,
and Sambre and Meuse about ss.
. Mining Shares have exhibited little variation,
the only trauasaction reported being in Great
Wheal Alfred at 7p,-.
Joint Stock Bank Shares are very quiet. City
Bank are steady at 64 ex. dividend. English,
Scottish, and Australian Chartered have improved
to 18.1 ; and London Joint Stock realise 30.
The miscellaneous undertakings are at full rates.
Australian Agricultural are at 21. Electric Tele-
graph have advanced to 98. National Discount
'R,ompany are at 3i ; and Peninsular and Oriento
'earn "lave improved to 69 and 691.
8;

.- 78 --
.- 89 91
...100 --

ItITICEE FUNDS THIS DAY AT ONE ("CLOCK.
(From the Official List:)
Business done.
8 per Cent. Reduced Annuities OnR 6
3 Per v,,,•4. g., ,d, a i
lc '-- -onsets xnnn;tiee
ew t
R.... per Cent. Annuities 9ll. i a
India' 3i u-ir Cent. Anumties
Stook
1 , .
i,. :s-erti., ....11)~,
~. `)itto, under £lOlO l5
‘°!-,F,01S for cicconnt
4,4lhwiner
A iiiiiii, 20.£10;;0....
£s.yo****** •
1 d par
Small ..... ......
glitttt°o,
lostsid9s:lBsB, ni per Cont. ...
P err,
:-
:!B OF FOREIGN FUNDS AT ONE O'CLOCK
1:13-1.3ti!atuoid, :I 5 per Cent.
R4ein:esr,
Cent.lA22, £ St., 5 per Cent lOl i
93i
13 'rtha ,5,,,,ts Cent.
bitto Account' - per
,4_,
r•lhh ,orido i ~/. cent
too' Account P.
95 41 WI
tiittttoo
4Crecouuntteed, 4 per Cent.
102}

Dividends on the above payable In LontriTt.
T CVO O'CLOCK.
Conr4ol
‘s raOney
PAgola for Account