The Sun.
London, England, 1857-11-02 00:00:00

3 N EY ARKET

GNP

COMMERCIAL INTELLIGENCE,

CITY, Two o'CLoac.

The Liverpool Cotton Market on Saturday
closed with more buoyancy, and prices were a shade
dearer. The sales were estimated at 7,000 bales.
The Railway Share Market closed quietly, and
values declined.
During the last two or three days the demand
for money in Lombard-street and at the Bank has
become more pressing, in consequence of the pre-
parations necessary for Wednesday next, the 4th
of the month, when, as usual, a considerable aggre-
gate amount of commercial bills will arrive at ma-
turity. On the present occasion there is
more than ordinary provision being made, ow-
ing to the caution which recent events have
dictated. Numerous failures, in addition
to those already announced, and which have caused
so much regret, must inevitably occur through the
losses thus entailed, and the cessation of American
remittances. The approaching 4th will severely
test the strength of all our firms connected with
the American trade, and although rumours of an
unfavourable character are circulated regarding the
stability of particular houses, it may be found
that the list of disasters may be less formidable
than is generally imagined. Very full rates
are in all cases demanded, but parties connected
with Liverpool and America find unusual difficulty
in obtaining assistance. Their position, conse-
quently, is very critical, and various temporary
suspensions are likely to ensue ; but if their
American debtors act honestly, the ultimate
dividends which will be paid by these un-
fortunate establishments may prove satisfac-
tory. Although the specie drain to the United
States was not expected to continue, some very
large amounts are being seat away, which, if re-
peated, may revive the uneasiness lately felt with
respect to further protective measures on the
part of the Bank. On Saturday the Arabia left
with 204,0001., and besides this nearly 100,0001.
in gold was taken from the Threadneedle-street
vaults for the continent, whither it is despatched
in payment for silver. The imports of this metal
from Boulogne and Antwerp have recently been
on a large scale, as the East India Company have
been procuring supplies for shipment by the Ripon
on Wednesday. The course of the Money Market
during the next few weeks is not likely to exhibit
Much improvement, but a gradual dispersion of the
causes that have mduced the late disturbance
may be nevertheless predicted.
This being the day fixed for balancing the-half-
yearly accounts at the Bank of England, the tr4isfer
offices are closed, and a holiday is observed at the
stock Exchange by order ef the committee. Among
afew ef the dealers and brokers who always assemble
in the neighbourhood of Capel-court on these occa-
sions, Consols are called 891 to 90, and severaltrans-
actions at this depreciation have taken place in the
Royal Exchange, where about forty or fifty members
of the House have congregated. The advices from
America are construed unfavourably, and the pro-
spect of continued remittances has promoted an
Uneasy feeling.

13n ['MS FUNDS.—CLOSING ritICES —SATURDAY.
(From the Official List:)
Business done.
sank Stock
3 crr vast. Reduced Annuities B9 6
3 per Cant. Consols Annuities 9O 89j 9(lq j
New 3 per Cent. Annuities B9diiii
Lodg Annuities, expire sth Jan. 1860 —
Ditto 30 Years, expire sth April, 1885 l7l
India Stock. 2lO
Om. sols for Account,

Eschew:ler Bills, Lid.
iIOUU
4.:560
13 d
g mall

---
PRICES OF FOREIGN FUNDS—SAT URDAY.
Buenos Ayres Bonds, 6 per Cent. S2i
Chilian Bonds, 6 per Cent lO2
Mexican 3 per Cent --
Ditto Account
Russian Bonds, 1822, L St., 5 per Cent lO6
Ditto, 4i per Cent. 97?
Spanish Bonds, 3 per Cent.
Dittc New Deferred, 3 per Cent.
Ditto Account 2si
Turf/4AI Bonds, 6 per cent B9i 9
Ditto Account
Ditto Guaranteed, 4 per Cent.

Dividends on the above payable in London.
Dutch Exchange, 21 per Cen:,., 12 Guilders 64
Do. 4 per Cent. Certificates
TWO O'CLOCK.
Consols, money
Console account 9Oll
Consols for account (December) 9O