The Sun.
London, England, 1857-10-19 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGZI,ICE%

CITY, Two O'CLOCK.
The Liverpool Cott on Market on Saturday closed
with a firm appeanince, and Prices of all descrip-
tions were fully maintained. The sales amounted
to 7,000 bales, 2,000 of which were taken by the
speculators. The Railway Share Market closed
rather active, and a good business was transacted
at full quotation.R.

In the manufacturing trade of the north of
England, the unsatisfactory intelligence received
from the United States, and the adverse situation
of monetary affairs, are exercising a prejudicial in-
fluence. The utmost caution is being observed,
business is visibly contracted, and the failures which
are occurring, promote an unsettled feeling This
state of things, however, must have been fully
anticipated from recent events, and on the whole
it may be considered encouraging that greater 1
inconvenience has not been produced. The
chief markets to which goods are sent, viz.,
the American, Australian, and Indian, are all more
or less depressed, and the result is that manufac-
turers are limiting their operationQ, and trade is
becoming very dull. In addition to the inactivity
of export business other difficulties have to
be contended against, such as the high
rate of discount and the dearness of both
cotton and wool. In Leeds, however, there
appears to have been a good deal of anima-
tion last week, the winter trade having sustained
the inquiry for goods, and the manufacturers and
others are proceding very cautiously. The effects of
the present disturbed condition of monetary concerns
are consequentlyless severely felt than would other-
wise have been the case. At Bradford, on the contrary,
business has been very stagnant. At a recent

meeting of the creditors of Mr. Ferguson, stuff
Merchant of Bradford and Manchester, it was stated
that his assets were about 24,000!., and tho liabili-
ties 41,0001. Up to the present time the commer-
cial interest of Glasgow appears to have suffered
more than that of tiny other town. In addition to
the failures lately announced, that of Messrs. Whan,
M'Lean, and Co., of Glasgow, and Hamilton,
Canada, was reported on Saturday ; the liabilities
are supposed to be large.

The abstract of American news received from
the outport, by telegraph, contained so much in-
formation that the letters and papers delivered this
morning afford little additional intelligence, but
they fully warrant the presumption that some time
must elapse bef9re the effects of the financial and
commercial crisis shall have passed away. While
a portion of the New York press enpresses the
most gloomy views on the aspect of affairs, some
of the leading journals, on the other hand,
incline to the belief that when the turning point
19 attained a steady improvement will ensue. And
this change may not be so far off as many persons
Imagine, a favourable influence being drawn from
the stability of the principal mercantile houses,
and the caution displayed by the New York City
Banks.

The demand for money in Lombard-street and
at the Bank is still comparatively moderate,
and the supply is ample for all legitimate
purposes. Bill brokers and others, however, exer-
cise great discrimination with respect to the paper
they negotiate, and those firms who are not in the

enjoyment of good credit are necessarily much in-
convenienced. The continental money markets are

getting tighter, and the rise in the Hamburg rate of

discount to 91 per cent. has increased the appre-

pension that most of the hanks in the other cities

will be compelled to impose additional restrictions.

It is now ascertained that the steamer Indus,
Which leaves Southampton to-morrow for India

and China, will take out 777,1211. in specie. The
following are the particulars

Aden (silver) -
Bombay (silver)
Bombay (gold)
Ceylon (silver)
Ceylon (gold)
Madras (silver)
Madras (gold)
Calcutta (silver)
Calcutta (gold)
Penang (silver)
Singapore (silver)
Singapore (gold)
Hong Kong (silver)
Shanghai (silver)

£3,330 0 0
223,385 0 0
11,200 0 0
200 0 0
1,000 0 0
28,335 0 0
16,9.08 0 0
420,078 0 0
11,075 0 0
3,838 0 0
18,690 0 0
2,050 0 0
27,276 0 0
10,363 0 0

Total £777,121 0 0

The market for public securities has been very
heavy to-day, and when business commenced a de-
cline of per cent. was established. This depres-
sion !was mainly produced by the unfavourabie
news from America, and the fear that the Bank
would immediately raise the rate to 8 per cent.
No alteration in the discount regulations having
been made, however, the market has since been
firmer, and a recovery of per cent. has taken
place. It is generally believed that the fall in the
first instance would have been greater if the
publielhad not come forward as buyers. There is a
Steady demand for stock, and this renders the
market some support. Consols for money have
been 84 f, and 88a A. For the account they have
been 88 and 88k The present prices are
now 84 I, and 88a A respectively, being flatter
again. The New Three per Cents. are marked
87k I, and the Reduced 84 q, Bank Stock is 213,
Exchequer Bills are 10s. to 6s. discount, and the
Bonds 98g.
Foreign Securities are also rather depressed, and
a large business has been transacted. Turkish 6
per Cents, have declined to 87a and they are
now 87k. The 4 per Cents. are 97i. Some of the
other stocks have been as follows :—Braziliau 5 per
Cents., 100 ; Chilian 5 per Cents., 102 ; Danish 5
per Cents., 1001 ; Mexican 3 per Cents., 19i ;
Peruvian 4i per Cents., 76.77 ; l)itto 3 per Cents.,
621 31 ; Russian 141 per Cents., 951 ; Sardinian 5
per Cents., 89 ; Dutch 2k per Cents., 631 ; and
Ditto 4 per Cents., 97k
The following are the nominal prices of Foreign
;Stacks : Grenada Deferred Bonds, 5 6 ; Alexi-
a; 19 19i ; Peruvian 4i per Cents., 75 77 ;
Portuguese 3 per Cents., 43 44 ; Russian 5 per
Cents., 105 108 ; ditto 41i per Cents., 95 97 ; Span-
ish 3 per Cents., 401 40:7-; ditto Deferred, 25k 25.
A decline of about to 1 per cent. has taken
place on most of the leading Railway Shares this
morning, prices having been influenced by the de-
cline in the Cousol Market. Eastern Counties,
Swath-Western, and North 'Stafford declined 55.;
East Lancashire, Great Western, Midland, North-
Eastern (Berwick), and South Devon, lOs. ; Lanca-
shire and Yorkshire, and South-Eastern, 15s. ;
North-Eastern (York), North-Western, Brighten,
Great Northern, and Caledonian, 1/. The Foreign
and Colonial lines were also slightly depressed.
Paris and Lyons receded 53., Grand Trunk of
Canada 21., and Great Western of Canada 10s.
Mining Shares have been neglected, and are at
quite nominal rates.
Joint Stock Bank and Miscellaneous Shares have
been dealt in to a very limited extent. Bank of
Aa.istralarria have declined ss. ; London and West-
minster, Oriental Bank, and South Australia New
Shares, wane at previous values.

lIBRITISIi FUNDS THIS DAY AT O.NE O'CLOCK.
( Prom the Official Lis%)

.nk Stock . Businesedone.
3 r Cent. )(educed Annuittefii ............ 431
$ per Dent. Consols Annuities 884
Naw 3 per e'ent. Annuities A 3
87
L Anuui ties, expire sth Jan. 1860..., 2
C wsol4 far vr,

2.xelmquer 13111‘,*.
10 6
,;10(tu ,
10 6 d
1500....« lO 6
...
' FxSeh. e4q"ucii Bonds, 185;, .ii . i,,; . Cont 981
ACES OF FOREIGN FUNDS AT
ONEIOO O'CLOCK.
13 raulian r, per Cent.
Ce.riia,n Bonds, 6 per Cent lO3
Ih.nish. Bonds, 3 pot Cent., 1825
Ditto 5 per Cent.,
Mexican 3 per tent
Peruvian Bonds, 42 per Cout —
Ditto Account
Ditto 3 per Cent 53.4. 2i Rusiiau Ronda, liS22, £ St., 5 per Cont.—
Ditto, 4i per Cent. ....
... 95i
alirdinian Bonds, 5 per Cent.
Turkish Ditto Account .... .
Bonds, 6 pia cent._
...
Ditto Guaranteed, 4 per Ceut B6i 1
Ditto Account .. .......................... 97i
Dividends on the above payable in London.
"itch Exchange, 2:1. Ner Cen7:.., 12 Gnibiers 632
Do. 4 per Cent. ueNificates .......

Cone°lw, money
Consols account

TWO O'CLOCK.
•••• 884-
.......

14 ji-thi• b a mis Pension has beer, announced of Mearru. Whan,
eat , and Cu ,of Glasgow, and of Hamilton,
f t,2 The Glasgow papers mention the resination
4° Manage: of the Western Bank of Scotland.g