The Sun.
London, England, 1857-10-26 00:00:00

CekiEY MARKET

A ND

coiAMEROTAL INTELLIGENC-.

CITY, Two O'CLOCK.
The Liverpool Cotton Market on Saturday closed
flatly, and prices of all descriptions were without
any alteration, The sales were estimated at 1,000
bales. The Railway Share Market closed with a
dull appearance, and values tended downwards.
According to the letters received this morning,
trade in the textile manufacturing districts is be-
coining rather depressed. The dulness is increas-
ing, and until monetary and commercial affairs in
America settle down into a most satisfactory con-
dition no improvement cm be anticipated. The
failures recorded on the other side of the Atlantic,
besides causing embarrassment here, promote a
very uneasy feeling, which damages credit and
prevents busidess. On the one hand the manufac-
turers are disposed to sell their goods even at re-
duced prices; while, on the other, the merchants are
disinclined to increase their stocks, when the de-
mand is so limited. All the principal foreign and
colonial markets are depressed, and at the same
time the home trade is confined within very narro w
limits. In Manchester, Leeds, Bradford, and
Halifax, the transactions last week were very un-
important. The iron trade of Birmingham and
the surrounding districts is also very depressed, and
the recent advance in the terms of discount
seems to have produced a more sensible
effect f.'nan was at first imagined, owing to
the -healthiuess of trade in all departments,
Ile.,wever, there is less inconvenience than might
have been encountered if the operations of the
previous twelve months had been characterised by
imprudent speculation. The absence of remittances
from the United States has caused much embarrass-
ment, and as the orders have also ceased there is
likely to be a curtailment of production and some
distress among the operatives.
The advices from New York, by the steamer
Arabia, are extremely discouraging, for besides a
long list of commercial failures, some of which are
most important in their character, it is stated
that the City Banks upon whose strength so much
reliance had been placed had resolved to suspend
specie payments. Monetary affairs were violently
disturbed, paper could scarcely be negociated, and
the exchange on England was variable at 98 to 102.
Gold will consequently be dispatched from this side
in large quantities, and further restrictions are ap-
prehended. r Indeed, some alteration at the
Bank is hourly expected, because the drain of
sovereigns is likely to be stimulated by
these advices. There can be no question
but that still greater inconvenience will yet be ex-
perienced, but as most persons are prepared, they
will be enabled to pass through the ordeal without
any general commercial disaster. Many persons
take a moat gloomy view of our position of pros-
pects, but while it is advisable that the greatest
prudence should be observed, there is really no
ground for alarm.

The amount of bills drawn by the Hon. East
India Company, on Bengal, Madras, and Bombay
during the fortn!ght, ending Saturday, was 8,2661.
9s. ld.

The Canada has conveyed 241,1341. in specie to
New York. The Teutonic has taken out 15,0001.
The Funds have declined f per cent., the news
from America having increased the fear lest the
Bank should have to resort to fresh expedients in
order to check the efflux of gold. Sales have,
consequently, been pressed, and a very heavy
tone prevails in all departments of the House. It is
thought that monetary affairs may temporarily be-
come still more disturbed, and the suspense felt re-
garding the policy which the Bank will pursue tends
to depress the quotations. The fall, however, is not
important, because many incline to the opinion
that the cessation of specie payments will diminish
She shipments of gold from this side. Consols for
transfer have been 884 4 and 881 4, while for the
account they are marked 884 4. The present
quotations are 881 1 and 884 1 respectively. The
New Three per Cents. are 874 ; the Reduced,
87i 4 ; Exchequer Bills, 15s. to 10s. discount;
the Bonds, 974 and India ditto, 35s discount.
In the Foreign Market lowest prices are also cur-
rent, but business is dull. Turkish 6 per Cents. -
have receded to 874 4, and the 4 per Cents. are
974. Spanish 3 per Cents. Deferred are 254 ; and IT!
the Certificates, si. Peruvian have been dealt in at
75i, and Mexican at 19k.

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5 6 ; Mexi-
can, 19 19k ; Peruvian 4i per Cents., 75 77 ;
do. 3 per cents., 52 54 ; Portuguese 3 per Cents.,
43 44 ; Russian 5 per Cents., 105 107 ; do.
4i per Cents., 97 97 ; Spanish 3 per Cents., 40i 1;
do. New Deferred, 25k j ; do. Certificates, 5 53/4 ;
do. Passive, 5 54.

The Railway Share Market this morning has
been active, and in most instances prices have been li
t
affected by the decline in the English market.
Caledonian have declined 2/. ; Eastern Counties,
Git•eat Northern, and South Eastern, 15s. ; North 1,
Eastern (York), 1/. ; Great Western, Lancashire
sad Yorkshire, and North Eastern (Berwick), lOs ;
and South Western, f. The Foreign and Colonial
undertakings are flat. Paris and Lyons are at 32k, 1,1
Royal Swedish ft. Rasit Indian have d eclined about
ss. to 10s., Grand Trunk of Canada 11., and Great
Western of Canada 10s.

Mining Shares are inactive, Sortridge Consols
are dealt in at 2} 2f.
Joint Stock Bank and Miscellaneous Shares are
in most instances at a slight decline. Bank of
Australasia have receded 10s. ; and London and
Westminster and Union of London about ss. ;
South Australian Land Shares have declined 15s.

tRRITISFI FUNDS THIS DAY AT ONE O'CLOCIi.
(From the Official Listi)
r.`"" - - Business done.
rank Stock 2lO 84
3 per Vent. Reduced Annuities 8897a
:4.per Cent. Consols Annuities 1
Now 3 per Cont. Annuities B3 71
India Stock.
208
ladle Bonds, £lOOO
Lof cols for A scout,
Egehequer Ellis, 24d
£IOOO
P.,5t1(1
8 14 10 d
. ............
Fxchequer Bonds, 1858, .34 per C .ent.._ 14 10 d
Ditto, 1359
074
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican 3 per Cent
Ditto Account
Peruvian Bonds, 4i per Cent.,
Ditto Account
Sp‘nikh Bomis, 3 per Cont.
Ditto New Deferred, 3 per !!en..
Spanish Committee Cert. of Coup, not fuu. 5;
Turkish Bonds, vi par cent.
Ditto Account
874
apitto Guaranteed, 4 per Cent.
97i
Dividends on the above payable in London.
Dutch Exchange, 24 per Cent., 12 Guilders 63i
TWO O'CLOCK.
Console, money ...... . .................... 881 1
Consols account BB4 /

I The rumour that a reconciliation is about to take
place between A.ustria and Sardinia is Without founda-
tion.

LIMPOOL, Oot. 24.—The Royal Mail stsmoship
Canada (Lang commander)
163 passengers, among worm
sailed
board
hence for and2H4all.lfa3x4l.
in
specie on freight, besides
Boston this afternoon, having on,
were Herr Formes, the vocalist, who goeasotto
ttblieerelj;niatreidd
States on his first professional engagern the Hon. Neal Dow, the originator of the State of Maine
liquor law. The Canada had a comparatively light
cargo, the shipment of fine manufactured goods having
been materially affected by monetary panic in
Royal Mail
The next steamer from Liverpool is the
America.
iltearnehin Arabia, which takes her departure foP New
York on Saturday next.
Tan IfirDITIMIANICAN.—The Royal Mail Company's.
steam-ship Taraar, Captain J. W. Jellicoe, arrived at
Southampton at 10 o'clock a.m. yesterday, bringing a
mail only from Alexandria and Malta, the mails from
Australia not having arrived at Suez. The Tamar left
Alexandria on the 12th inst. and Malta on the 16th.
strong north-westerl
She experienced westerlyind gale.. in the Mediterranean ;
y wi sad a northerly gale on
the coasts of Spain and Portugal ; north-east winds with
a heavy swell, across the Bay. and strong easterly gales
np the Channel. This steamer brings eight passengers
(of whom four are distressed British seamen), and a
• cargo consisting of 236 bales of wool, two cases of
opium, 113 packages of elephants' teeth, three ditto of
hippopotamus' teeth, 45 bags of tobacco, 63 packages
of gum arabic, 12 cases of sponges, 15 cases of sugar,
and 10 packages of sundries. At Malta, on the 16th
iniit-• were Her Majesty's ships Hibernia, Conqueror,
and Desperate : and the gunboats Coquette, Wanderer,
sad Vigilant.