The Sun.
London, England, 1857-05-11 00:00:00

MONEY

MARKET

AND
COMMERCIAL INTELLIGENCF.

CITY, Two O'CLOCK.
The Liverpool Cotton Market on Saturday closed
firmly, and prices of all descriptions were un-
changed. The sales were estimated at 8,000 to
2,000 bales, 1,000 of which were taken for export,
and 2,000 on speculation. The Railway Share
Market was quiet, and prices were rather firmer.
Letters from the manufacturing dist' jets generally
describe business as being dull, and some of the
manufacturers are working " short time."
Since the payments of the 4th inst., the relief
which was expected in the Money Market has not
been experienced, and, if anything, the course
Pursued by the Bank has increased the stringency.
The demand for accommodation at the present
moment, however, is scarcely so urgent as it has
been, and, judging from concurrent circumstances
and probable contingencies, there is likely to be
some further abatement ; although an alteration
in the rates may be deferred. One very favourable
feature is the diminished inquiry for silver
on Indian and Chinese account, which will
not only tend to benefit the Money Market, but
also be the means of retaining in this country the

greater portion of the forthcoming gold supplies.
The stock of bullion in the Bank is steadily in-
creasing, the whole of the gold by the Anglesea
instead of being transmitted to the Continent, as
anticipated, has been sold to the authorities, and
large remittances from Australia, aud a fair
amount of. silver from Mexico are coming
forward. Hence a confident feeling prevails regard-
ing the future movements of specie, which hitherto
have retarded improvement and caused alarm ; and
if the pressure for discount could only be lightened,
a Marked amelioration would nc doubt soon occur.
In the event of any such change for the better a
Steady
resistance must be given to new speculative
enterprise, and, above all, to the efforts made by
the partisans of Russia connected with the great
railway scheme, which, although hitherto ensue-
ceaful, the public may be sure will not be permitted
to pass into oblivion.
On Saturday a further sum of about 35,0001. was
taken into the Bank of England.
Last week the imports of specie amounted to
about 320,0001. ; and the exports, so far as could
be ascertained, were 77,000/.
The steamer Arabia, from New York, brings
$1,032,212 in specie, of which $580,833 are for
Liverpool, and $150,248 for London.

The market for English Securities opened buoy-
antly, and speculation for a rise continues. The
large specie remittance from America, and the
favourable change in the weather, have strengthened
the upward tendency. Consols for transfer have been
634 91, and 93 94. For the account they have been
94 i• The present quotations are 91,-1 -'4 and 94k 1
respectively, being flat. The New Three per
Cents. are 92i ; the Reduced 92112; the March
Exchequer Bills ls. premium ; the June ditto 2s.
discount to par, and the Bonds 981. Bank
Stock is 212 to 213.
Foreign stocks are also very dull. Turkish
6 per Cents. have been 94g, but have since receded
to 931 They are now as low as 932. and the
Per Cents., 1001 1. Spanish 3 per Cents. are
25k, and the Certificates, 61. Mexican stock is
steady, at 231- R.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexican,
23k 4 ; Peruvian, 77 78; do. 3 per ; Cents., 51 55 ;
Portuguese
3 par Cents., 45 46 ; Russian] 5 per
Cents, 104 106 ; Do. 4 per Cents. 95 97 ;
Danish 3 per Cents., 411 2 ; ditto Deferred, 25 1i ;
ditto Certificates, 62 2 ; ditto Passive, 5t 6.
The Railway Share Market has been very quiet,
and an extremely limited business bas been done.
Prices generally exhibited rather a downward ten-
dency when compared with Saturday's closing
at". Caledonian, Great-Northern, Great-
Western, North-Western, and Oxford, Wor-
oyster, and Wolverhampton, have each
declined - about 55., and South Western 10s.
Edinburgh, Perth and Dundee, and Mid-
land were firmer, being about ss. higher, and
Manchester Sheffield, and Lincoln improved
The French lines are inactive. Paris and
Lyons and Northern of France are ss. to
JOS. cheaper, and Great Wes' ern of Canada about
Bs. Grand Trunk of Canada, Great Luxembourg,
East Indian, and Geelong and Melbourne are at
steady quotations.
In Mining Shares there is no variation to re-
Port ; no business of any importance having been
ransacted.
Joint Stock Bank Shares are inactive. L'indon
Chartered of Australia, Ottoman Bank, and West-
ern Bank of London are a shade higher.
111 the Miscellaneous Undertakings only a few
dealings are reported. Peninsular and Oriental
Stearn° have improved about 11., and North of
Europe Steam declined 11.