The Sun.
London, England, 1857-04-07 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoax.

Letters from Liverpool mention that the C.Atn
Market yesterday clo,ed quietly, and there was no
material alteration in prices. Tho sales amounted
to 6,000 bales, 1,000 of which were taken by the
exporters. The Railway Share Market manifested
an active appearance, aad previous prices were fully
maintained.

The Foreign and Colonial Produce Markets, this
week, have opened with rather a dull appearance.
The alteration in the minimum rate of discount
having increased the caution previously exhibited
on the part of buyers, very little alteration has
occurred in pricei, and as the sales advertised are
not very heavy, they may be maintained with
tolerable firmness. Tea is quiet, but a consider-
able amount has been paid to the Custom-house,
consequent upon the new duti:- which took eff'ct
yesterday.
The advices from the United States, by the
steamer Atlantic, give evidence of the increasing
stringency of the New York Money-Market. The
City Banks' return, published for the week ending
the 21st ult., when compared with the previous
statements, showed an increase in the loans and
discounts of $197,703, the total being now
$113,448,692. In a few weeks it was expected
the foreign trade would, as usual, increase, and a
contraction of engagements on the part of these
establishments would have to be adopted. The
Bank of Newcastle, at Pittsburgh, had suspended
Payment, and it was discovered that there were
only four dollars in the establishment to redeem
notes amounting to $lOO,OOO.
The annual meeting of the Governor and Com-
pany of Copper Miners in England has been held
to-day; Sir J. H. Pelly, Bart., in the chair. The ac-
counts were made up to the 28th of last month, and
showed a net profit in the year's operations of
31,9411. 16s. 4d., and for four weeks less than
usual. A dividend of 7-1- per cent. on the pre-
ference shares, and 3 per cent. on the ordinary
shares for the past year was declared, free of income
tar, and a vote of thanks was passed to the governor
and company.
The half-yearly meeting of the Recife and San
I"cancisco Railway Company has this day been held,
'lr. Benson in the chair.

The accounts showed a balance at interest in
London of 115,0001., and in Brazil of 16,7551.
After some explanation from the Chairman, and
a statement from Mr. Kennard (ono of the direc-
tors) that he was not interested in the contract of
Mr. Furners, the report was adopted.
The Bank of England authorities intimated at a
late hour yesterday afternoon that their rate for
advances on stock would in future be 7 instead of
61 per cent., and also that this kind of accommoda-
tion would be limited to 7 days. It is almost un-
necesmary to say that this announcement caused
Rome surprise, and the authorities have been justly
blamed for not baying announced the alteration at
a more seasonable time. The course pursued
has been much canvassed, and among the
speculators in the Funds it has been gene-
rally condemned. The authorities, however,
have no doubt been actuated by a desire to assist
commercial operations more than those of a specu-
lative character. The vast extent of our trade, in
addition tob the other demands upon the floating
capital of the country, necessitate caution ; and it
would perhaps be advisable for the Bank " parlour"
to take into consideration the propriety of suq-
pending loans en stock altogether. By this
Means the tradinr, interest might be greatly
assisted. The general inquiry for discounts
to-day
is very active, and it is not at all improbable
that the official terms of discount will be carried to
7 per cent. A great deal will depend, however,
Upon the specie movement. If the supplies now
arriving remain here, which is, of course, quite
Uncertain, affairs may become easier, but if, on the
contrary, the drain continues increased, incon-
Venience may be apprehended.
The Royal Charter with 501,0001. is now daily
expected, .and, beaides this sum, nearly a million
Sterling is advised by the Copenhagen, the Bril-
liant, Thames, Anglesea, South Carolina, Wave
of Life, Morning Star, and the Night of the Age.

The Alhambra, which leaves for Cadiz to-day, has I Ice
12,000/. to 15,0001. in bar gold. I 18
It is stated that about 350,000/. has been paid
into the Custom House on account of tea duties
under the new scale.

The Funds continue depressed, and there are no
10
BYmptoms of recovery from yesterday's decline. 2
The arrangement of the account is progressing, but 2
°wing to the measure adopted by the Bank,
the charge for " carrying over" has in- 1
creased to 7 and 71 per cent. per annum.
Consols have been 92i for transfer, 92 and
921 a for the Bth inst., and 93 to 933 for the May 1(
account. The pr3sent values are about 921 for IA,,
money, and 931 for the 7th proximo. The New
2h-ees are 91-i it, the Reduced 91/ and the New
i per Cents.
76. The March Exchequer Bills are
2s. discount to 3s. premium, the June ditto 2s.
discount, and the Bonds 98.1.
. ,
Foreign Securities are dull, and at lower prices. IA
Turkish 6 per Cents. have been 961 to 971, and 11
the 4 per Cents. 1001. Spanish 3 per Cents. are 1,
25, Russian 41- per Cents. 95,i• Belgian 2i per
Cents. 652-, and the 4 per Cents. 961 to 97/.
The following are the nominal prices of Foreign
Stocks :----Grenada Deferred Bonds, 61 7 ; Mexi-
Car, 23i ; Peruvian, 77 9 ; do. 3 per Cents.,
64 6 ; Portuguese 3 per Cents., 441 51 ; Russian 5
Per Cents., 104 6 ; ditto 41 per Cents., 95 7 ;
Spanish 3 per Cents., 411 1 ; ditto Deferred, 25 ;
ditto Certificates, 0; ; ditto Passive, 51.,- 6.
The Rail.way Share Market, this morning, has
exhibited increased heaviness, and only a moderate
amount of busine-s he, been transacted, at rates
showing a decline of fully to 1 per cent.
on yesterday's quotations. North British
have receded ss. North-Eastern, York, South-
Eastern and. Great Noithern, 10s. Caledonian,
South-Western, Midl_and and Great Western, 158.,
and Edinburgh, Perth and Dundee, Lancashire and
Yorkshire, and North-Western 17. The French
and Canadian lines are alsO at reduced rates. Paris
and Lyons declined 1/. Grand Trunk of Canada
2/. to 3/. ; and Great Indian Peninsula, ss. ; Great
Luxembourg, Namur and Liege, and Sambre and
Meuse, are at steady rates.
Mining Shares rule inactive. Great Wheal Al-
fred realise 81 ; Wheal Mary Ann, 45 ; and Cocaes
and Cuiaba, 21.
For Joint Stock Bank and Miscellaneous Shares
the demand is very inactive. Ottoman Bank have
def lined 53. to 10s. ; City Bank, 1/. ; Australian
Agricultural, ss.

BZITISH PUNTS THIS DAY AT ONE O'CLOCK.
(Irom the Offictal List;)
Ttegfrose done
3 Pe' Cent. Reduced Annuities
3 Per Cent. Consols Anneities
New 3 per Cent. Annuitios
New 2?: per Cent. Annuities 76
indin Ronde, 1:101)" -
Ditto, under £lOOO 5 ,1
Consols for Account .....
.. 11?4 2 -7f
Etohequor Billo, 24d. Merck. I Juno.
:tflooo 9 d 3 pi 24
1:560 3 P 2 ---d
Small — 1
•
Ditto, 1659
Pal-CES OF FOltE[C-N FUNDS AT ONE O'CLOCK.
Portuguese Bonds, 5 per Cent., Con. 1941 - --
Ditto 1853, 3 per Cent.
Ilussian P.onds, L'2:2, 1; St., 5 pee Cent._ --
4 Ditto, 4.1; per Cent ' ,t,,,i, 4
. ,
,11,1 i, it iloods . , -; pi,c ti..,nt.
Ditte New DaerreAl, :; per ti it .
..
tsitto Account '2s
Tcrl:.i.,ll flolvis, 6 pqr cent
Ditto Account ....
INtto Glaranteed, 4 per Cent. - -
Ditto Account
iii !Omit art the fl.,ove ',,tv,-.61. in Lo , . n.
Dutch Exchange, 2,1, per Con;., 12 Guilders 65i
Ditto 1 per Cent. Certificates
TWO O'CLOCK.

Consols, money 921
Ditto for account
Ditto May

„TIIFENGLISH SQUIDTION.—A. letter from Malta of
the 28th mentions the arrival in that port frAn Constan-
tinople of the first division of the English squadron. It
Ivia remain there until the 15th inst., when it will leave
for Portewoutb.