The Sun.
London, England, 1857-03-26 00:00:00

MONEY DIARRET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.
Letters from Liverpool state that the Cotton
Market yesterday closed heavily, at previous price..
The sales were 6,000 bales, 1,000 of which were
taken for export. The Railway Share Market was
steady, and subsequently closed at its best point.
The shipbuilding firm whose difficulties we ad-
verted to yesterday, is that of Messrs. R.. J. Brown
and Co., of Sunderland and London. Although
the subject has been freely discussed during the
last two days, we abstained from publishing the
/lame, as negotiations were in active progess to made
such arrangements as would avert a stoppage. These
negotiations have failed, and it is feared that the
consequences will be serious, especially in the north,
where the utmost excitement prevails owing to the
prospect of other firms being also involved. 'inc
liabilities are about 200,0001. or 240,000/., and the
assets will probably realise 10s. in the pound,
but some affirm that 14s. 9d. in tho pound
may be secured. The assets consist of timber and
shipping, both of which, in the present state of the
market, would realise low prices. At Sunderland
much alarm has been occasioned, and the negotia-
tion of paper is rendered almost impossible. Mr.
Brown was connected, in an official capacity, with
the Australian Auxiliary Steam Clipper Company,
and was a large shipowner. The catastrophe has
excited general regret, and his friends deserve
much praise for the exertions they have made to
extricate him from his difficulties.

The affairs of the London and Eastern Banking
Corporation appear from the proceedings which
took place yesterday to be in a much more
unfavourable situation than was generally sup-
posed. The liabilities are 397,7341., while the
assets are computed at 413,4501. If this sum
is realised a return of about 31. per share out of
501. per share subscribed may take place, but it
must bo remembered that the amounts set down in
such case; are very seldom realised. The statements
Made by Mr. Coleman, the accountant, sh ow that there
has been gross mismanagement of the funds placed
at the disposal of the Directors, who, instead of
applying them to the legitimate purposes of Bank-
ing, have most recklessly involved the shareholders
in serious losses, by making advances to themselves
and others, which render them liable to serious
charges. The mere fact of advancing a sum
equal to the capital subscribed to Colonel Waugh,
(i the Bracksea Castle and the Beddington estates,
in
a enough to excite unqualified condemnation, but
the loans made to other members of the board
Without adequate security fully prove how utterly
unworthy they were of the trust reposed in them.
It was finally agreed that the Oriental Bank,
the Agra Bank, and the North - Western
Bank of India should send out 104,0001.
the next day to meet acceptances falling due!
and to hold.over all other bills against the Batik,
on receiving a commission of 21 per cent. and the
9urrent rate of interest for all advanced, the share-
holders. giving their individual promissory notes for
the remainder of the 501. per share to which they
are liable.
At the meeting of the Ottoman Bank, held this
day, the report was read and adopted, and a pay-
Ment of 15s. per share (being equal to 10 per cent.
' per annum on the called-up capital to the 31st
Zeeember last) is to be made each registered share-
holder ou his signing the deed of settlement, which
Will leave a balance of 12,7291. 19s. to be catried to
the credit of the current year's account.
Mr. A. H. Layard, M.P. the chairman, in an
eloquent speech, said that fourl branches had been
successfully established in Turkey, and at Constan-
tinople, where they met the greatest resistance.
The Greeks and Armenians, who were the great
bankers out there were now counted amongst their
Customers. Mr. Fa"lconet, recommended by the house
of Baring Brothers would be of the greatest ser-
vice to the Bank, looking at the great esteem in
Which that gentleman was held abroad. He con-
sidered the National Bank of Turkey would bene-
fit,. instead of being any prejudice to the Ottoman
Bank, for it, would do the first thing needful of
macing the currency on a sound basis. The chair-
an's speech was received with applause, and the
report with the dividend of 15s. per share, or 10
per cent. per annum, was agreed to unanimously.
A further sum of 50,0001. was sent from the
Bank yesterday for the Continent.
The money market is still very active, at full
rates. No alteration in the terms of interest and
discount was made by the Directors at their
weekly Court to-day.
In English Securities more firmness is visible,
and several purchases of stock for the May account
are reported. There is still very little disposition
to deal however. The market, though firmer, is in-
active. Consols have been 93k and 93i 1 for
money, while for account they have been 931
4.
March Exchequer Bills are par to 4s. prem.,and
d
the June ditto ls. discount to 4s. prem. Indi
Stock is 2231.
Foreign Stocks are equally dull. Turkish 6 per
Cents, are 98 to 98k ; Sardinian 5 per Cents., 901 ;
Portuguese 3 per Cents., 45k, and Dutch 2i per
Cents., 65i ; Mexican Stock is heavy at 23.
The following are the nominal prices of Foreign
Stocks :-Grenada Deferred Bonds, 61 7 ; Mexi-
mn, 22# 31 • Peruvian 4k per Cents., 77 9 ; do. 3
per Cents '55 7 ; Portuguese 3 per Cents., 441 51 ;
Russian 5 per Cents., 107 9 ; do. 4k per Cents.,
97 9 ; Spanish 3 per Cents., 411 ; ditto De-
ferred, 25 ; ditto Certificates, 6g g ; ditto
Passive, 5i 6..
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-1856.18b7.
Great Western £25,115 £24,230
North-Western
South-Western
B
Brighton
Midland
Beath-Eastern
Great Northern
1,614 21,016
Lancashire and Yorkshire
Bristol and Exeter 5,338 5,472
Chester and Holyhead
East Lancashire 5,798 5,577
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln 8,863 8,605
North Stafford
Oxford, Worcester, and Wolverh 3,706 3,355
Stockton and Darlington
Belfast and Ballymena
'Ulster 1,358 t 10
,27
Edinburgh and Glasgow
Scottish North-Eastern
Grand Truck of Canada
Great Western of Canada.
A moderate business has been transacted in the
Railway Share Market, and prices in most
instances have slightly advanced. Caledo-
nian, Eastern Counties, Great Northern,
and North Western, improved ss. Lanca-
shire and Yorkshire, Midland, North British,
North-Eastern (Berwick), and South-Eastern 10s.
to 15s. Great Western and Brighton realised fully
former quotations. In the Foreign and Colonial
undertakings prices have also shown an improve-
ment. East Indian advanced 10s., Grand Trunk
of Canada 1/. 10s., and Paris and Lyons about ss.
In Mining shares there is no change of import-
ance in prices to report. Wheal Trelawny brought
25. Brazilian Imperial 11 f, and United Mexi-
can 37f.
In. Joint Stock Bank and Miscellaneous Shares
a fair business has been transacted at about previ-
ous rates, Oriental Bank declined 10s. and Union
of London 103. Australian Agricultural shares re-
ceded 1/., and Electric Telegraph 10s. Canada
Land improved 11.

-----
BRITISH FUNDS ISIS DAY AT ONE O'CLOC
(Rom the ailicsal List.)
orlon= ID done
3 per Cent. Consols Annuities O3l
ii
New 24 per Cent. Annuities ..... . 76i
223 i
India Stock ....
.................................
India Bonds, £lOOO ......... ...‘
. 15 5 d
Ditto, under £lOOO
Consols for Account 93R A
Exchequer Bills, 21d. . •• ..
March.
£l000
£soopar 4 p
.........par 4 p

June.
1. d 4
1. d 4
4 1 d

St.
50
St.
St.

20
20
10
St.

20
10
20
10

20i
100
100

.00
20
20
20

LOO
20
20
20i
20'

10
20
5
20

Small ....._ ..........................3 4 p par
PRICES OF FOREIGN FUNDS AT ONE OTI40:;ic
Equador New Consolidated llB
Mexican 3 per Cent
Ditto Account .......
Portuguese Bonds, 5 per Cent., Con. 1841 --
Ditto 1853, 3 per Cent. 451
Sardinian Bolas, 5 per Cent.
Spanish Committee Cert. of Coup. nit fun 612
Turkish Bonds, 6 per cent
Ditto Account
oft Idends on the above ~ayabie in London.
Dutch Exchange, 2,1 per Cpni.., 12 Guilders G5l
TWO O'CT OC'E
Consols, money 93a
Ditto for account . 93g

A CHIEF JUSTICE " BRAWLING " IN THE CHURCH.
The two learned judges now presiding in the courts at
Warwick Assizes, attended St. Mary's Church of the
ancient town on Sunday morning last. The Rev. Albert
Boudier, the assistant minister, read the service, and in
the course thereof commenced to read.the prayer usually
offered during the sitting of Parliament,• doubtless un-
aware that Parliament bad been dissolved the previous
evening. Lord Campbell, who was cognisant of the
fact of the dissolution, created some excitement by ex-
claiming, " No, no, there is no Parliament !" upon
which the rev. gentleman desisted from putting up an
useless supplication.

WO
too
100
all
all
all

fii
1712
100
all

Nottng. Bost.
& This*. June.......
Belfast It ,Ballyraena
Btrmng. Wolverh. &
Stour Va11ey.........
Birkenhd. Lanesh. &
Cheshire Junct. .....

Black burn ............
Blyth & Tyne original
£25 (iss. at £45)....
Bristol dr Exeter......
Caledonian-- ........
Chester dr Holyhead
Cork and Bandon—.
Cork, Black. & Pass.
'Cornwall ...............

A..............

Do. B ....... ..•••
Dublin&Belfast•Tunc...
Dun. P. &A.ber. June.
East Anglian „.....
Eastern Counties—.
FAsterntrnion,A. stk.
Do., do. 8.. ......
Do. New A
East Kent .
East Lancashire
East Suffolk .....

Do.
Edinburgh & Glasgow
Edinb. and Peebles
Edinb.Prth.&Dundee
Forth and ClydeJunc.
Furness.......
!Glasgow & S. Western
Great N. of Scotland
Great Northern .•••••
Do., A. Stock
Do., B. Stock
Gt. Sth.&West.are.)
Great Westorn. • ••• •
Do. Str.V.R. gua.St
South-Eas;:ern.
Lancaster & Carlisle.
Do., Thirds
Do. New Thirds ..•
Lancash. &Yorkshire
Do., do. F. £l6
Do., Wst. Riding Un
Do. Southport
London & Blackwell
Lond.Bright&S.Cst.
London & N. Western
De. Fifths
Do. Eighths
London ix S.Wastern
Lndndrry.&Coleraine
Lndndrry. & Ennisk.
Manch.Shet&Lincln.
Me.
J.
L. Ricardo'solitan ---
Do.
arrangement . .....
Midland ......
Do. Birming. & Derby
Midland G.West.ar.)
Do. Shares .........
Newcastle &Carlisle..
Novrpt.Aberg.&firfd
Newry & Enniskillen
Newry, Warren Point
ROStrOVOT
Norfolk. . •
Northn. Gounties Un
North British
North Devon, Rail. &
Dock Stock
Do., A Stock
Do., B Stock
N. Eastern Berwick
Do. do. Extension •.•
IDo do. G.N.E.Purch.
Do. Leeds
Do. York ............. .
North London...—
N. & S. Wstu., Hamp-
stead, and City Jn
North Staffordshire
North Western...—
N. & S. Westrn. June
Oxford Worcester &
Wolverhampton....
Portsmouth ,•.
•Rhymney
Scottish Central ...
Scot. N.E.Abrdn. St
Shropshire Union
Sitingbourne &Sheer
South Devon
'South Eastern...—
Do. 4} per c. Shares
South Wales
S. Yorksh. RivarDnn

100
all
100
all

100
100
all
all
141

all
100
100
all

100
331
,100
itoo

all
IC3
all,
100

161
IC3
100

Do
Staines,Wok.,&Wok I
Stockton & Darling
Do. do., 1854
Do. do., 18%
Stockton & Hartlepl
Taff Vale
Do. Pref., No.
Thames Hay. D. &R.
Vale of Neath
Waterfd. & Kilkenny
Waterford&Limeriek
West Cornwall..
West End of London
and Crybtal
Do. A
Do. B

West London ...
Do. First Class
Do. Second Class..;
Wmbledou &Croydon