The Sun.
London, England, 1857-06-29 00:00:00

MONEY MARKET

IND

CITY, Two O'CLOCK.
Letters from Liverpool state that the Cotton
Market on Saturday closed with some animation,
and prices of all kinds were extreme. Brazils were
*d. per lb. dearer than on Friday. The sales were
10,000 bales, 1,000 of which were ta'=en for export,
and 2,000 on speculation. The Railway Share
Market was quiet, without any alteration in quo-
tations.
During the next few days there is likely to be
some increase in the general demand for money,
in Lombard-street and the Bank. Not only has
provision to be made for settlements at the Stock
Exchange, but a large amount must also he em-
ployed in liquidating thebills maturing on the 4th,
and likewise in making the necessary arrangements
for remittances to the East at that period. The
exchanges both in India and China are certainly
a shade lower, but the reduction is not
sufficient to cause a material diminution in the
monthly exports. It is probable, however, that
the quantity despatched in the course f the
present week will not be so extensive as
usual, since the shippers have been awaiting
later advices, and the interval between the de-
livery of the mail, and the departure of the steamer
is too brief to admit of contracts being entered
into for the transmission of a very considerable total.
What the future scale of these exports may be it is
impossible now to decide, but the disaffection
among the Indian army and the renewed disturb-
ance in the money markets at Calcutta and Bom-
bay would lead to the inference that the drain
must still be of an excessive character. In the
meantime gold is steadily accumulating at the
Bank .of England, and since the 20th inst.,
when the aggregate stock of bullion stood at
11,172,8621., several important additions have
been made, the quantity of specie sold to
the authorities last week being at least 250,0001. or
300,0001. With regard to the commercial paper of
the 4th, it is not supposed that the amount then
to be met is very heavy, but the extraordinary acti-
yap of ourcommerce, exemplified by thelast Board of
Trade returns, and the high prices of raw mate-
rials, necessarily absorbs an immense supply of
capital, and these periodical arrangements, how-
ever light comparatively, always exercise some in-
fluence. The.terms for money " out of doors" are
6 per cent., but choice paper is in some cases ne-
gotiated at 5i per cent., showing a slight tendency
to decline.
Last week the imports of specie were about
600,0001., and the exports, as far as can be ascer-
tained, 250,0001.
The silver market is very quiet, but rather
firmer. Bars are ss. I.ld. per ounce standard.
There is an absence of buoyancy and animation
in the English Stock Market to-day, the news from
India still weighing upon values. As there appears
no immediate prospect of an advance, some of the
speculators have closed their account., and
in the absence of purchases, the market
naturally droops. Consols have been 92/
and for the opening 921 93. The New Three per
Cents. are 92 /, and the Reduced '92,1 I. Batik
Stock is 212/ to 214. Exchequer Bills are very
depressed, being I.'s. to ss. discount ; and India
Bonds are at 10s. to 7s. discount.
A fair-amount of business has been done in Fo-
reign Stocks, and prices are firm. Turkish 6 per
Cents. have been 961, and the present quotation is
96. The 4 per Cents. are 102. Spanish 3 per
Cents. 411 to 42, and the Passive 51. Portuguese
3 per Cents. have been dealt in at 47. Russian 5
per Cents. at 1101, and Dutch 21 per Cents. 651.
The following are the nominal prices of Foreign
Stocks:—Grenada Deferred Bonds, 6 61; Mexie to,
221 1 ; Peruvian 41 per Cents., 771 81; ditto 3 per
Cents., 531 41; Portuguese 3 per Cents., 46 47 ;
Russian 5 per Cents., 109 111 ; di to 41 per Cents.,
98 100 ; Spanish 3 per Cents., 41/ 21; dittu De-
ferred, 251 261 ; ditto Certificates, 61 ; ditto
Passive, 5.i 6.
The Railway market has been rather flatter but
beyond the arrangements connected with the set-
tlement, there is little business in progress. Great
Western, Lancashire, and Yorkshire, North
Western, and North Eastern (Berwick), are
all to 1 per cent. lower than on Satur-
day. In the Foreign market very few dealings are
recorded. Grand Trunks are marked 561- 57, and
for money 55/. Great Western of Canada were
22 to 221. Foreign shares are neglected.
Mining Shares are inactive. Banks remain
steady, and also miscellaneous, which are very dull.

•
BRITISH FUNDS THIS DAY AT OND O'CLOCK.
(Prom the (Mimi List:)
Business done.
Sank Stock 214 12
3 per cent. Reduced Annuities
New 3 per Cent. Annuities 92g i
Loag Annuities, expire &An Jan. 1860 —
Ditto 30 Years, expire sth April, 1885 lB 1-16
Wis. Bonds. A:1000
5 d
Ditto, under £lOOO
Consols ern. 1 Ccorint,
Ditto for Opening 93 2'
Ittchequer Bills, 24d. .
21000 ....•....
£560 lO d
Brasil •
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
.
Brazilian 5 per Cent. looi
Milian Bonds, 6 per Cent
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent 47
Russian Bonds, 1622, £ St., 5 per Cent llO.
Sp cnith Bends, 3 Per Cent.
Ditto New Deferred, 3 per Cent.
DIM. Passive si
Turkish Bonds, 6 per cent 9°l
Ditto Account
102
Ditto Guaranteed, 4 per Cent.
Ditto Account lO2
otNidends on the above avabie in en:icn.
Dutch Exchange, 26 per Cent., 12 Guilders 651 .
Do. 4 per Cent. Certificates .......•• ••• 98
TWO O'CLOCK.
Consols . .... ..... 92i i

Racing Fixtures for 1857.
JUNE.
Carlisle 3O I Chelmsford

JULY.

Worcester 2
Stourbridge
Newmarket
Odibam
Liverpool l5

Nottingham 21
Stamford 23
Knutsford 23
Goodwood .28

AUG

Ripon
North Staffordshire 4
Brighton
Brighton Club
Wolverhampton lO
Reading t .12

York 19
Radcliffe 24

Egbam 25
Stockton 27
Hereford 27
Maidstone 28
MBER.

SEPT E

Warwick
Cardiff
Lichfield
Derby
Thirak ll

Doncaster

Leicester
Monmouth
Manchester Autumn
Newmarket F 0

OCT(
Northallerton
Chester Autumn .. .
R. Caledonian Hunt:..: 6
Wrexham 8
Richmond 8

Nov E
Worcester Autumn 3
Weolock
Shrewsbury Autumn l7

Irish Racing

Bellewstown 8

Wicklow l4
AUG

Galway 4
Tamore 11
Killarney lB
SEPTE

Curragh 2
Catherciveu ......... 8
Kilkea

Newmarket S 0
Warwick Autumn

Kelso
Newmarket H

St.
50
St,
St

COMMERCT 'IL INTELLIGENCE. I Shr,

St.
St.
10
St.
St.

St.
;it.
St.
25

20
25
25
25