The Sun.
London, England, 1857-07-13 00:00:00

IONEY MARKET

AND

COMMERCT INTELLIGENCZ

CITY, Two o'CLocx.
Letters from Liverpool stAto that the CoVon
Atirket, on Saturday, closd with animation, and
Prices of all kinds were at the extreme rates of
Friday. The sa'es were 10,000 bales, 1,000 of
which were taken for expel-L. The business
transacted in the Railway Share Market was
Moderate, and qualities were without any par-
ticular alteration.

There is no particular alteration to report in the
trade of the manufacturing districts of the North
of England, but a moderate demand prevails for
Particular staples. The high rates Will current for
Inoney, and the approach of the London wool s rks,
have had their usual effects in diminishing produc-
tion. At Manchester business has been limited in
certain departments, in consequence of the anxiety
to await advices from India. At Nottingham, Leeds,
and Ilalifax. trade has been inactive, but symptoms
of improvements are still visible. In the iron
districts there is more animation, large orders
having been given out for India and the United
States, and as soon as the Russian tariff comes
into operation extensive orders are expected for
that country.
The symptoms of returning ease lately noticed
In the Money Market continue, and it is evident
the supply is much in excess of the demand.
APart from political considerations the prospects
of the markets are exceeclimly favourable, but
the unsettled condition of India, and the belief
that a large amount of capital will be expended in
order to quell the insurrection produce some un-
easiness, and hence the Funds are prejudicially
affected. First-class houses' are enabled to obtain
accommodation at 5, per cent., and the tendency is
still further to recede. Trade remains quiet, and
"Peculation maybe considered very dull, consequently
the inquiry is more likely to diminsh than otherwise.
The Joint Stock Banks and discount firms have
ample means at their displsal, and they are there-
fore disinclined to allow such high rates as hitherto
for money "on call." Of course the Bank of Eng-
land obtains very little discount business when the
commercial public can secure the sums they require
at at least per cent. below the minimum quotation.
It may therefore be presumed that the Directors, in
Self defence, will soon be compelled to modify the
official terms.

Last week the imports of the precious metals
Were about 682,927/., and the exports as far as
they can be ascertained about 94,4661.

About 332,2561. in specie has been announced
this morning, viz., 241,2561. by the James Baines,
and 91,0001. from the United States,by the steamer
Europa.
On Saturday a further amount of 45,0001. was
taken into the Bank.
The advices from China report a slight decline
in the exchanges at Hong Kong and Shanghai, but
the quotations in India are not yet accurately as-
certained. In monetary affairs the variation since
the departure of the previous advices appears to
have been unimportant.
, A decline of ls. to 2e. per quarter has taken
place to-day in the price of English wheat.
The advices from Australia state that trade in
Victoria is improving.
A special meeting of the North British
Australisian Company was held to-clay for the
Purpose of considering several alterations in the
new deed under the Limited Liability. Mr.
Poster, Mr. Horsley, and others, said as the altera-
tions were numerous, time should be given for
their consideration. This was admitted by Mr.
Anderson, the chairman, and it was agreed to let
the meeting stand adjourned for a fortnight for
that purpose.
It is stated that the sales of Consols on Saturday
owing to the fright occasioned by the Indian news,
amounted to 800,0001. to 1,000,0001. There is
Still a disposition in certain quarters to take a very
unfavourable view of our projects in the East,
althi.ugh the excitement occasioned on the receipt
of the intelligence has abated.
. The English. Stock Market has been almost sta-
tionary at the reduced quotations current on Satur-
day afternoon ; and the news from India, although
qui'e as unfavourable as then rumoured, has
had no further prejudicial influenee. It
Should be observed, however, that the large
receipts of gold and the continued sales
of that metal to the Bank fail to exercise their
usual influence. After the extensive sales of
Saturday, there is naturally some reserve, and if
,L,ething further occurs to depress prices, some of
`jaile speculators will no doubt consider it pru-
dent to buy back again. The transactions
to-day have been limited. Consols have been
92 to 921, and 921 for money, and 92}
and 921 k for the account. Tl:e New Three
Per Cents. are 92 2, and the Reduced 921 g.
33ank Stock is 213 to 2141. Exchequer Bills are
38. discount, and the Bonds 98g. India Bonds
are 15s. to 6s. discount for those under 1,0001.
Foreign Stocks have not been much affected by
depression of the Funds. In Turkish 6 per Cents.
there have been several transactions at 95 i•
They are now 951 Y. The 4 per Cents. are 1021,
the Spanish Deferred 251 I, and Sardinian 89 to
90i.

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 61 ; Mexican,
22i ; Peruvian, 80 82 ; ditto 3 per Cents., 54
60 ; Portuguese 3 per Cents., 441 5i ; Russian 5
Per Cants., 109 111 ; ditto 4/ per Cents., 96 98 ;
Spanish 3 par Cents., 401 ; ditto Deferred, 25i a;
ditto Certificates, 5i 6 ; ditto Pasiive, 51 6.
In the Railway Share Market a rather large
amount of business has been transacted, and fully
former values have in most instances been realised.
Brighton have advanced about ss. ; Midland de-
clined 10s. ; North Eastern, York, ss. ; and
Oxford, Worcester, and Wolverhampton about 15s.
The foreign undertakings are inactive. The
Preach lines are at nominal values. Dutch Rhenish
declined about 10s. to 155., and Great Luxem-
bourg ss. East Indian improved 10s. Great
Indian Peninsula declined ss. Grand Trunk and
Cheat Western of Canada were rather firmer.
Money shares are very inactive. Great Wheal
Alfred realise 61 and 11.
Joint Stock Bank Shares are dull, but main-
tain full value. Colonial Bank have improved 9s.
to 10s. Provincial of Ireland and Union of London
are at previous quotations.
In the miscellaneous undertakings there is little
variation to report ; Australian Agriculture have
declined about 55., and Peniusular and Oriental
Steam about ss.

BRITISH FUNDS.—CLOSING PRICES—THIS DAY
{From the Official List:l _

Business done.
tank Stock
B Pe, Cent. Reduced Annuities
3 Per Cent Consols Annuities °2A 2
New 3 per Cent. Annuities 92t 1
I odg Annuities, expire sti. Jan. 1860... 2 7-1 G
Ditto 30 Years, expire sth Jan., 1880 15+
Ditto 30 Yeats, expire sth April, 1885 lBl
%Ea Bonds, MON - .....
4)itto, under £lOOO
COlsols Mr ;cenvint „ • ••
Dr' to for °peeing
E Let-lop:ler I-1111s, ltd.
£l.000
£5OO •...
Ransil
.. .
Ditto Bonds, 1.!:158, :3 per Cent. ...
LiDitto, 1859
~,, PRICES OF FOREIGN. FUNDS—THIS DAY.
Is •azilian 5 per Cent, -
r. Ditto 1852, 41 per Cent.
ortug,uese Bonds, 5 per Cent., Con. 1841 ---
Ditto 1853, 3 per Cent -
initto Account
R sAan Bonds, 1022, V, St., 5 per Cont —
... Ditto, 41 per Cent.
Lardinkn Clouds, 5 per Cent.
61) ,niq.l iineds, 3 per Cent.
Ditto Account 4O 4
r, Ditto Few Deferred, 3 per Cent.
- • Ditto Account
l'anisti. Committee Cert. of Coup. not fun. 53
Turkien Bonds, 6 per cent.
Ditto Account
1 oitto Guarluteed, 4 per Cent.
Ditto Account • lO2l -,‘ 4
~- -en..,. -1, ~, ~,,,,,,p ,ablr in tnri 01,
-Austrian Bonds, 10 Guil., 5 per Cent., £ 80,
B eigin 26 r Cent., e. 25 francs -
Do,a 41 per Cent.. ex. x 25 francs,..
TIIREE O'CLOCK.
Consols, money
Consols for account, Aug. 0 924 i

6 15 d
.
921