The Sun.
London, England, 1857-11-06 00:00:00

MARKET

MONEY

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLooic.

The Liverpool Cotton Market yesterday closed
flatly, and values of all descriptions still decline.
The sales were estimated at from 1,200 to 2,000
bales. The railway share market presented more
firmness, but prices were unaltered.
The suspension of Messrs. W. Orr and Co.. in
the South American trade has also been announced
at Liverpool.
It is now ascertained that the shareholders in
the Hull Flax and Cotton Mills Company, at pre-
sent in liquidation, will not only lose all their
Capital, but will be called upon for an additional
subscription of 17/. 10s. on the 501. shares, and of
151. on the 251. shares.
In the Foreign and Colonial Produce Markets
this week further evidence has been afforded of the
injurious effects of the increased minimum rate of
discount, and the consequent curtailment of busi-

ness.
The home and export demand is much
reduced, and sales of most articles cannot
be effected even at the present low prices. In su-
gar the transactions during the last day or two
have been quite of a retail character, and importers
are not inclined to press sales. Coffee is also very
dull, and tea, though steady, attracts few. pur-
chasers. Other articles are likewise in very limited
request, and their quotations are mostly nominal.
Tallow is cheaper, P.Y.C. being 535. per cwt. on
the spot. The publio sales of Foreign and Colonial
"Wool commence on the 12th instant, and up to the
sth the quantity arrived was as under :
Bales.
Sydney
Victoria
Tasmania.
Adelaide 1,525
New Zealand., 1,529
17,964
Cape of Good Hope

East India
China

Total 40,244

Total..

3,941
282

4,223

Later advices have been received from America
by the steamer Vanderbelt, which are certainly nob
of a (inscription to encourage the hope of a speedy
amelioration. The prospect of our American homes
becoirae more' and more unsatisfactory, but as they
cannot now hope to obtain remittances, their
ability to weather the storm will gradually be de-
toortstrated. That several houses will yet be em-
barrassed there can be no doubt, but in the space
of a few weeks the effects of the Transatlantic
°ries on credit will have been chiefly, if not entirely,
48(bertainable. Although the exchange on London
?MI not improved, the shipments of specie from
this aids are likely to continue on a moderate
kale.

It
is rumoured that the Bank of France have
ralleriiheir rate to 8i per cent., but this revires
confirmation.

Si ace the commencement of business the Funds
have dropped k per cent., and the market is now
exceedingly depressed. Sales have been made to
&considerable extent, and the general uncertainty
regarding the Money Market, together with an im-
pression that the Bank Returns to be issued to-
nigbit will prove unfavourable, have weighed upon
the market. Consols for money and Tuesday have
been 871 88 (buyers), and they are now
881 f. For December 8 they are 884 The New
3 per Cents. are 87k 1 ; the Reduced, 861 88i
Exchequer Bills have sunk to 255. and 18s. dis-
count. The Bonds are 97 to 971, and India Bonds
40s. discount.
The measure effected by the Bank yesterday
has almost ceased to occupy attention, which is
now directed, as far as possible, to the considera-
tion of what is likely to be the next movement.
An additional issue of paper it is thought will
have to take place, and there is consequently some
probability of the suggestions perseveringly advo-
cated in the leading columns of The Sun for so
141113(Y years being at length adopted. The present
iPte m is found inadequate, and many of those
who have hitherto supported the Bank Act are
now ready to admit that an alteration is impera-
timly necessary. The late measure will no doubt
seriously depress business, already so much cir-
cumscribed, and it may also precipitate mauy fail-
ures among the commercial community. It be-
haves the Government, therefore, to render any
w het* in its power without
ithe dealings
unnecessarydelay. have
Foreign Stocks are flat, sad 6
per Cents. were
sot been numerous. 6
and the 4 per Cents.
have been dealt in a
861 they are now 8t
96 1,:81,;
Spanish Threes are
401; the ditto Deferred, 251 3 ; and Mexican, 181.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5 6' • Mexi-
can, 181 ; Peruvian 41 per Cents., 75 77 ; ditto
3 per Cents., 51 53 ; Portuguese 3 per Cents., 42i
481 ; Russian 5 per Cents., 104 106 ; ditto 4i per
Cents., 96 98 ; Spanish 5 per Cents., 40± k ; ditto
New Deferred, 25 251.
Messrs. D. Bell, Son and Co., give the following
as the prices of American securities :