The Sun.
London, England, 1857-08-03 00:00:00

MO Nii2:lY EC A :K E

AND
COMMERCIAL INTELLTGENC7.

CITY, Two o'CLooK.

Accounts from Liverpool state that the Cotton
market on Saturday closed quietly, but at full
prices for all descriptions. The sales were esti-
mated at 5,000 bales, 700 of which were.taken for
export and on speculation. The Railway Share
market closed firmly, and a good business was
transacted at advanced prices.
The advices from New York, to-day, mention
that the demand for money continued active, and
the last weekly return from the City Banks showed
a further extension of their loans and discounts.
The I,•radenhall-street authorities have made
a further advance of 2 per cent. for Bills drawn
-upon the Three Presidencies, which will have the
effect of stimulating the drain of specie from this
side, already so rapid as to threaten a serious de-
clension of the Bank's stock of bullion. Within
a few days upwards of 400,0001. has been sent
away from that establishment, chiefly to the Con-
tinent to pay for purchases of silver. If this efflux
Continues the directors will soon be compelled to
increase the rate of discount or adopt other pro-
tective measures. Occurring, as this movement bas,
at a time when the demand for money has
increased in consequence of Stock Exchange
settlements, and the preparations for the 4th, viz.,
to-morrow, an apprehension has been aroused, that
the improvement lately noticed' in financial affairs
has received a decided check, while many in their
disappointment predict a return of stringency and
pressure. The amount of silver on board the
Ripon for immediate despatch to the East, as will
be seen by the subjoined particulars, amounts to
1,012,9631., and it is impossible that the bi-
monthly exports can be sustained at that rate,
without causing considerable inconvenience. The
supply of silver without recourse to the Continent
is quite inadequate to the wants of shippers, and
the result is, that not only may all the gold we
receive from America and Australia be absorbed,
but tire amount of the precious metals at the Brnk
must be further sensibly diminished.
The following are the particulars of the specie
on board the Ripon :
Bombay (silver) ...........
Ceylon (gold)
Madras (lold)
Madras (silver)
Calcutta (silver)
Penang (si'vcr) 1,020
Singapore (silver) 22,410
Do. (gold)
Hong Kong (=dyer) 64 418
Shanghai (silver)

T0ta1......... £1.012,9G3

To-day the following arrivals of specie have been
announced, viz., about 280,5001., per Arabia, from
New York ; 433,8721., per Parana, from Mexico ;
and nearly 4,0001., per Sultan, from the Penin-
sula, making a total of about 720,0001.
There is an increased demand for money, and
the market is temporarily rather tight, owing to
the arrangements for to-morrow the 4th of the
Month.
At the commencement of business this morning
the funds appeared heavy and drooping, as the
!tumour that Delhi had succumbed is still without
the slightest corroboration. Since then a decline
of about per cent. has occurred, owing to renewed
sales, the Bears being encouraged to continue
their operations. On Saturday there was a good
deal of excitement, and the speculators for a fall
bought back very freely, and this caused an ad-
vance, but now, further sales are made, which
have occasioned a slight reactionary movement.
Consols for transfer have been 00i and 903/4 b.
For the 6th instant, they have been at similar quo-
tations. They are now 90'1 sellers for Thursday
next, and 91i for September. The New 3 per
Cents, are about 91 to 91k, and the Reduced 901
to 913. India Bonds are 225. dis., and Exchequer
Bills 4s. to Is. dis., being firmer.
In the Foreign Market there have been few
dealings. Turkish 6 per Cents., are about 941 ;
Russian have been 111 k ; do. 43/4 per Cents., 98
Dutch 21 per Cents., 64; and do. 4 per Cents. 981.
The Ecuadorian Commission have received
699,1391. for the dividend.
The following are, the nominal prices of Foreign
Stocks :•—Grenada hjeferred Bonds. 6 ; Mexican,
22# ; Peruvian 41 per Cents. 81 82 ; ditto 3 per
Cents. 55 56 ; Portuguese 3 per Cents., 45i
463 ; Russian 5 per Cents., 110 12 ; ditto 4i
per Cents., 98 100 ; Spanish 3 per Cents., 391 40i ;
ditto Certificates, 51 H ; ditto Passive, 5}
An extremely limited business has been trans-
acted in the Railway Share Market this morning,
and prices generally show a downward tendency.
Great Westetn and North British have declined ss.
Midland, Manchester, Sheffield and Lincoln 109.,
and North-Western 10s. North-Eastern Berwick
have improved about 10s. In the Foreign and Co-
lonial lines very little variation can be quoted in
values. Northern of France have improved t•
34. East Indian. declined 55., and Great
Western of Canada ss. Grand Trunk of Canada
Great Indian Peninsular and one or two others
realised about previous rates.
No business of any importance has been transacted
on mining shares. Great Wheel Vor brought 3.2.
Joint Stock Bank and Miacellaneous Shares are
very inactive. London and Westminster have im-
proved about ss. ; South Australia brought 333/4 ;
Oriental Bank 353/4 ; and Enelish, Scottish, and
Australian Chartered 19 ; London General Omni-
btu Co. brought 3i.

BRITISH FUNDS THIS DAY AT ONE , 'CL0(.;13,.. 1
( from the o.oictal List;) I
Business dere.
3 Per Cent. Reduced Annuities
3 per Cent Cm Eols Annuities 'Oi i
Now 3 per Cent. Annuities 9ll 1
'-.°Ll7. Annuities. expire stt. Jan. ISO__ ,
Ditto 39 Years, expire sth April, 1885 lBl
la lift Bonds, 1:10tAt ......... ..........
Ditto, under L'looo 22 d
colsols for Account , .... . 901 i
Exchequer Bills, 21d.
gift) . ,
par 4 d
mall ........,... .....
Exchequer Bonds, 1858, :3;+, per Cent osa
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 5 per Cent.
Ditto, 1813
Russian Bonds 1822, £ St., 5 per Cent lll.l
Ditto, 4 per Ceut.
Turkith isomis, 6 p,,r cent --
Ditto Account 94i i
Dividends on the above payable fn ..,,,u1 l.
u c Exchange, 24 per Cent., 12 Guilders 64
1 0. 42(-r Cont. Certificates
TWO O'CLOCK..
Consols,money
Console for account, September 9li i

No day is yet fixed for the Ministerial " fish dinner"
at Greenwich, which usually precedes the prorogation
of Parliament.

A Cabinet Council was held on Sa'urday afternoon
at the official residence of the First Lord of she Treasury,
in Downing-street. All the Ministers were present.
INDIA.—It is remarkable that almost all the mer-
cantile letters from India received by the last mail ex-
press perfect confidence in the ultimate course of event 3.
RESIGNATION OF THE HEAD MASTER OF RUGBY
SCHOOL —We understand that Dr. Goulburn has re-
signed the Head Mastership of Rugby School, and that
be has accepted the appointment of minister of Quebec
Chapel, Marylehone, London.

GRAND REVIEW, Tins DAY.—.A. grand review of the
Royal Artillery Col. Prince Albert ; the South Herts
Yeomanry Cavalry, Col. the Earl of Verulam ; and the
Essex Yeomanry, under the command of Col. Palmer,
took place to-day, on Nazing Mead, chef) to the Brox-
bourne station of the Eastern Counties Railway.
LIVERPOOL, Saturday.—The Royal Mail steamship
Canada sailed to-day for Halifax and Boston with the
usual mails and 135 passengers, among whom was the
Bishop of Kentucky.
DOGGETT'S COAT AND BADGE —On Saturday the
annual beat race for the livery and badge given by Mr.
Thomas Doggett .V.ok place. Six started, and came in
in the feltowing order ; —l. T. C. White, Bermondsey ;
2. H. T. Blackmore, Greenwich ; 3. F. Weedon,
Blackwell ; 4. A. J. Titter, Limehouse ; 5. J. Groves.
Herselydown ; 6. W. T. Maxwell, Custom-house.
The second and third in the race received prizes from
the interest of a fund left by the late Sir W. Joliffe.
THEE BRAZILS.—SOUTHAMPTON, SATURDAY.—Inte
ligence, by electric telegraph, reached here = day from
Lisbon, to the effect that the steam shipt't'Ztropolie,
from the Brazils, arrived at Lisbon, en route for
Southampton, on the 30(1 ult. She had 1,200 bags of
ciffee as portion of her freight • , also passengers and a
ship's letter mail. She may be expected here on
Tuesday next.
THE BIRMINGHAM ELECTION.—BIRMINGHAM, Sunday.
—No local man can be found to stand for whom the
electors will vote. Mr. George Dawson was announced,
but he has given way for Mr. Bright ; at all event. such
is the understanding new. Mr. T. A. Attwood' has
declined, and up to this time the prospects are now de-
cidedly in favour of Mr. Bright. The Conservatives
have not yet appeared iu any shape, but it is not impro-
bable they may turn up, and take advantage of any di-
vision in the Liberal camp.
REMOVAL OF BACON —On Saturday order were issued
from the Hoiee-,,ffice for the rern.3val of Thomas Fuller
Bacon, convicted of the murder of his mother, from
Lincoln gaol to the Penitentiary, Milbank ; he will be
o mfined for 10 years in that, Daitmo Portland, and
Chatham convict prisons, and will then be removed to
' tho settlement, Norfolk Mend, where he will remain
for the rest of his existence.