The Sun.
London, England, 1857-11-30 00:00:00

iffONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Letters from Liverpool state that the Cotton
Market on Saturday closed with much animation,
and prices of American and Surat were id. per lb.
dearer. The sales were estimated at 10,000 bales,
1,000 of which were taken for export and 3,000
on speculation. In the Railway Share Market a
decided improvement was apparent.
Notwithstanding the slight improvement in our
monetary prospects which has taken place during
the last few days, trade in the manufacturing dis-
tricts of the north of England continues very much
depressed. Some time must necessarily elapse, and
money must decline to a more moderate rate, be-
fore business is actively resumed and the mills are
again in free operation. On the whole, this
department his withstood the crisis far better
than might have been expected ; but for many
months past, the manufacturers have proceeded
very cautiously, in consequence of the dearness of
raw materials, the dulness of foreign markets, and
the high terms that have been charged for discount.
The American panic, the cessation of orders,
and, of what is of still greater importance,
viz., remittances, have had a very injuri-
ous influence, but the failures thus far
have not been so numerous and extensive as many
at first predicted. Perhaps it is too early yet to
determine whether the full results have been re-
vealed, hut as the force of the crisis has been
broken, it is hoped that many houses whose embar-
rassments are only temporary may now be enabled
to escape absolute suspension. While, however, it
is most desirable that such firms should retrieve
their position, a hops is expressed that really
insolvent houses, such as have been trans-
acting an enormous business on an insecure
foundation and unfortunately this class is
numerous—will be brought down for the gene-
ral welfare of trade. The facilities offered by
Joint Stock Companies have enabled these firms to
create an artificial appearance of prosperity, and to
force the .prices of goods and produce to a fictitious
range. While such operations may in many cases
have proved very remunerative, they have proved
detrimental to legitimjte traders whose engage-
ments have been on a moderate scale, and at the
same time they have inflicted many unncessary
burdens upon the consuming classes.
The daily influx of gold into the Bank of England,
by enabling the Directors to grant extended accom-
modation to the mercantile public, is viewed with
general satisfaction. Under the present system,
this movement more than any other, is considered
encouraging. Besides, the remittances in route
from Australia, steady imports from St. Petersburg
are expected, while it is also considered not impro-
bable that shipments of sovereigns, &c., may be
henceforth regularly :made from New York. On
Saturday 106,0001. was sent into the Bank, con-
sisting chiefly of Russian gold, and a further parcel
is expected to follow to-day.
The accounts from Australia are very satisfactory
as far as the yield of gold is concerned. In the
first nine months of the present year the shipments
were 1,880,230 ounces, and as the various mines
were being most successfully worked the remit-

tances during the remainder of the year were likely
to be very large. Several new discoveries had
been made, and in some instances they are ex_
petted to prove exceedingly rich.
There is still a good inquiry for discounts in
Lombard-street and at the Bank of England, but
as the supply continues to increase bills are more
readily negotiated. The relief thus afforded is pro-
ductive of much good, several firms who were em-
barrassed being now enabled to surmount their
difficulties.

The Indian and Australian MaiLs have been in
course of delivery this morning.

The improvement in the market for English
Securities has continued, and the quotations in-
dicate considerable buoyancy. A large business
has been done on speculative account, and the
tendency is still ♦ery favourable. The improved
aspect of monetary and commercial affairs, the sales
of gold to the Bank, the discontinuance of
failures, and the easier condition of the money
market, all tend to strengthen the market, and to
encourage the Bulls in their operations. Console

for money, and the 7th proximo, have been 911 4,
914 4, and 91i I. The present price is 914 f, and
for the January account 92/ if. The New 3 per
Cents. and the Reduced are 904 a. Bank Stock
is 2155 to 217. India Stock is 216. Exchequer
Bills are 3s. discount to par.
Foreign Securities are also very buoyant. Tur-
kish 6 per Cents. have risen to 92 and 92k. They
are now, however, about 92 to 921. Russian

--z
per Cents. are 96; Dutch 4 per Cents. 961 ;
Mexican, 18A ; Peruvian 764 ; and Buenos lyres,
84.

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5 to 6 ; Mexi-
can, 183/4 ; Peruvian ati per Cents., 74 76 ; ditto
3 per Cents., —; Portuguese 3 per Cents.
43 44 ; Russian 5 per Cents., 104 106 ; , ditto 4i
per Cents., 94 96 ; Spanish 3 per Cents., 41i 42 ;
ditto Deferred, 25i 26.

In the Railway Share Market prices continue 11
firm, most of the dealings have been in reference I:
to the settlement. Caledonian, North-Western,
and South-Eastern have advanced 10s. ; South-
Western, North British,z North-Eastern (Berwick),
and Vale of Neath, ss. ; and Great Western and

Lancashire and Yorkshire, 1/. The Fureign and
Colonial lines are quiet. Paris and Lyons have

improved about ss. ; East Indian have declined
10s. ; and Great Western of Canada, ss.

Mining Shares are rather firmer, Cobre Copper
has advanced lOs., and Wheal Mary Ann about ss.
Joint Stock Bank and Miscellaneous Shares are
well supported. City Bank have improved 2/. ;
London Chartered of Australia 55.; and Union of

London 1/. Canada Land Shares have advanced
to 120 ; Peninsular and Oriental Steam 75i ; Royal
Mail Steam have receded to 53i.

RRITISH FUNDS THIS DAY AT ONE O'CLOCK,
(Fromm tilt Officsal List.)

Besineesdone.
:Junk Stock
.3 per t.cnt. Reduced Anuuttlee
3 per Cent. Console Annaitiek 9ls i
0 i
Naw per Cont. Annuities 903
udia Stock. 216
U,,Lsole fer account
Es,nagger 13111 v, 23a
)1.0600 . ' ' ~
3d 2r
8.n111..................
4d 2 p
Fxchequer Bonds, Ibss, 34 per Cent —
Dittos 1i5948 i

P.KICES OF FOREIGN FUNDS AT ONE O'CLOCK,
:.:ucuos Ayres Bonds, 6 per Cont.
Ditto Account
.. 81
Mexican 3 per Cent
Ditto Account
Peruvian Bonds, 4i per Cent 76
Russian Bonds, 1822, E St., 5 per Cent —
Ditto, 44 per Cent. 96
Sp‘Luls 80..d5, 3 per cent. .......
Ditto New Deferred, 3 per Cen -
25i
Turkish Bonds, 6 per cent
Ditto Account
91 2 14 2
Dividends on the above payable In London.
Dutch Exchange, per Con.`,., 12 Guilders
Do. 4 per Cent. Certificates
TWO O'CLOCK.
Cwiss)l?, money
Consols account (January)

The report of the Trust and Loan Company of Upper
Canada, issued preparatory to their meeting on the 9th
Dec., states the profits of the half-year at 8,9181.,
making with the previous balance in hand a total of
0,231/. Out of this a dividend is recommended at the
rate of 74 per cent, per -annum ; one-half the surplus
profits over 6 per cent. is to be carried to the reserve
mid, which will then amount to 14,8021.; 250/. is to be
applied to the preliminary expense account, and 1461.
will remain to be carried for.vard. The 2/. remaining
unpaid on the new shares is to be called up.
ACCIDENT TO MR. HOUSMAN. M.P.—We regret to
record an accident of a very serious nature which betel
this honourable gentleman on Monday last. Mr. Hors.
man was leading Lis horse from the stable with the villa
over his arm, when the animal swerved round, bringing
him to the hard ground with such force that his right
arm was broken close to the shoulder. The members f(4.
the borough were to have adurtssed a meeting of the
electors on Thursday everiitw, but the meeting was of
course postponed in consequence of this lamentable
accident.--Gloucester Citron icte,
Colonel cofnulaticlant of the Re4idency of Luck.
now, is married to a daughter of Sir Frederic Thesiger,
M.P. With her youthful family she has had to share
the hardships and encounter the dangers and trials of
the lan-sustained defence.