The Sun.
London, England, 1857-10-30 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLoex.
The Liverpool Cotton Market yesterday closed ' 12
with more animation, but prices were without any
material alteration. The sales were estimated at 53, ,
2,500 bales. The Railway Share Market closed
quietly, and values were unchan.zed. St.
The intelligence from New York by the steamer
Fulton, although unsatisfactory, is certainly not 25
worse ;flan might have been anticipated from the 25
severe revulsion in credit, and the general derange- St.
ment of business. The measure forced upon the St.
Banks was of too recent a date to admit of the St.
excitement it occasioned being entirely allayed, but 50
a better feeling evidently prevailed, the value of 20
securities had advanced, and we learn that large t::
consignments of goods were being prepared for 10
this country. With regard to the exchange, no 50
material improvement can be noted, but the ques- 25
Von to be solved is, whether it will lead to large St.
shipments of gold from this side. Taking all 20
things into consideration the risk, charges, cost of a.
transit, loss of interest, and the favourable terms 25
that can be obtained for money at home, there is 25
reason to believe that the efflux will not be very st-
serious. On the other hand, however, there is no to
Immediate prospect of remittances to this side being
resumed. According to the banking law of New 0
York the various establishments that have stopped ct-
payments in specie ought to be wound up, but in ?
s
the present instance, the movement being general, st:
the rule will probably be waived. If a liquidation, 10
however, should be determined upon, the process St.
must necessarily be very tedious, and the recovery St.
perhaps retarded; but two or three other mails must St.
be awaited before any clear or reliable opinion can
be formed upon this point. The local journals st:
naturally discussed the question at length, but some 1.2
of the best informed predict an early amelioration. ISC
Meanwhile, the interruption of business, the stop- 16,'
page of mills, and the diminished employment 1.5 t,
found for the operative classes were producing 16
serious inconvenience and distress. As it frequently 3
happens that after such a violent commotion the 20
transition to a quieter and more healthy state of PI
affairs is often rapid, there was a confident tone, St
and the knowledge that a large proportion of the 20
firms that bad suspended were actually solvent 10
tended to mitigate the uneasiness at first produced. 124
It is stated that the rise in the State stocks had
been sto 6 per cent. This will probably check
orders to buy from this side, and, as a con-
sequence, the transmission of specie. Ame-
rican houses here, in most instances, now
know the worst, and must make their arrangements
accordingly. They cannot hope for remittances
while affairs remain as at present, and further
failures must therefore be anticipated ; although,
perhaps, ndt to the ruinous extent which many
alarmists prognosticate.
In the Foreign and Colonial Produce Markets
this week business has been depressed, and the
present unsatisfactory situation of monetary affairs
has told most seriously upon this branch of trade.
Nearly all the principal articles have been at re-
duced quotations, and the demand being limited,
sales are made with some difficulty. Heavy losses
have already been experienced, and it would not
excite surprise if some embarrassments were occa-
sioned. Sugar has receded ls. to 2s. per cwt., but
coffee, on the contrary, is dearer. Tea is also
steady, and the advices from China have
caused a small improvement. Tallow is rather
higher ; Y.C. being 565. 9d. per cwt. on the
spot.
About 25,000/. in gold was taken from the Bank
yesterday for the Continent, whence some large
parcels of silver have lately been received.
Money is in active demand, and at full rates.
The meeting of the Great Indian Peninsular
Railway Company to-day passed off satisfactorily.
The chairman, Mr. Hamilton, congratulated the
proprietors on no damage being done to their
servants or the property of the company by the
rebellious Sepoys. It appeared from the report,
that the net-revenue of the 88 miles already opened
was 18,915/. 4s. ld. The works of the other parts
of the line were proceeding satisfactorily. From
the accounts it appeared that the total sum was
2,250,5851. 14s. The report was adopted.
A further improvement has taken place in the
Xnglish Stock Market to-day, and numerous small
purchases have been made tor investment. The
tendency of the market is evidently favourable, and
while theseoperations are concluded it will no doubt
exhibit a strong appearance. The American ad-
vices have tended to benefit the quotations, for,
however unfavourable the details may be, they are
far from discouraging. With regard to India, also,
there is less apprehension, and thus the Bears are
gradually losing the unsatisfactory elements from
which they have expected so much. They still
persistently enunciate their peculiar and exag-
gerated views, but they are unavailing, for the
market is slowly improving. Consols for money
have been 89f and 89i l ; and for the account
and 89i 5. The present quotations are
"a #and 894 respectively. The New 3 per
Cents. have been 881 1, and 884 13- ; the Reduced, 100
88k ; Exchequer Bills 13s. to 10s. discount ; the 15
Bonds 971; and the India Bonds 455. discount. 18
Bank Stook is 207 to 209, and India Stock 2094 204
to 211. 100
The Foreign Stock Market is dull, but firmer. 100
Turkish 6 per Cents. have risen to 88 and 88a.
„„
They are now 88 to 883/4 20
. Brazilian 5 per Cents. 1.""
re 911 100 • Danish 3 per Cents., 83i ; Mexican 20
per aids. i. 9 ; and Russian 5 per Cents., 1041. 20
The following are the nominal prices of Foreign 20
Stocks :—Grenada Deferred Bonds, 56 ; Mexi- 12104
can, 19 19} ; Peruvian 44 per ents., 75 77 ; St.
do. 8 per cents., 51 53 ; Portuguese 3 per Cents., 120
43 44 ; Russian 5 per Cents., 105 107 ; do. 45 00
Per Cents., 96 98 ; Spanish 3 per Cents., 405 41; 100
do. Deferred, 251 -1 do. Certificates, ; do. 20
Passive, —13 t.
Messrs. D. Bell, Son and Co., give the following 100
as the prices of American securities 20
GOVERNMENT SECURITIES. 20
Redeemable. Per Cent. 204
United States 6 per Cents.
1867-1868...104 105 204
United States 6 per Cent. Bonds 1868—.103 105 100
STATE SECURITIES. 100
Alabama 5 per Cent
Maryland 5 per Cent. (Sterling Bonds)
Massachusetts 5 per Cent. (Sterl. Bonds)
Mississippi 6 per Cent. Pl. Bk
Bonds
Mississippi 5 per Cent. Union Bk Bonds ... 20 2
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds '877... 73 f 5
Tennessee 6 per Cent. Bonds
Virginia 6 per Cent. Bonds 1886... 78 60
Virginia 5 per Cent. (Sterling Bonds) 1888... 80 •
LOANS OF CITIES.
Boston 44 per Cent. Bonds 1883... 90 92
Montreal 6 per Cent. Bonds 1856-1865...
New Orleans 6 per Cent. Stock 1883... 74 76

St.
50
St.
St.

20
20
10
St.

... 78 -
... 89 90
... 96 94

RAILROAD BONDS.
Illinois Central 7 per Cent. let Mortgage,
not• Convertible 1875... 72 74
Illinois Central 6 per Cent 1875... 72 74
®The settlement of the account in the Railway
Share Market has occupied the principal atten-
tion of many of the dealers and speculators ; and
but a moderate business has been reported.
Prices, however, have improved, the advance being
in most instances about percent. North Western and
North Eastern (Berwick), improved se. ; Caledo-
nian, Great Western, Buxton, South-Western, and
Midland, 103. ; and Manchester, Sheffield, and
Lincoln, and North-Eastern (York), 15s. The
Foreign lines are inactive, Paris and Lyons are a
shade firmer, as also Groat Luxumbourg. In the
Colonial undertakings the improvement is about
1 per cent. ; Grand Trunk of Canada advanced
1/. ; East Indian, V. ; and Great Western of
Canada about ss.
Mining Shares are quiet. Sortridge Consols
realise 21.
Joint-Stock Bank and Miscellaneous Shares are
inactive ; Bank of Australasia have declined 1/. ;
English, Scottish, and Australian Chartered im-
proved ss. ; and Australian Agricultural Shares
advanced 10s.

B tITISH FT:WM—CLOSING PRICES—THIS DAY
(From the Offfetal List:)
Business done.
Mink Stook 209 7 9
3 pp. Coat. Reduced Annuities BBl i 4
New 3 per Cent. Annuities Bi i i fll per Cent. Consols Aantlitiet, B9l illii it 2
1
5 per Cent. Annuities lO7 94
Long. Annuities, expire sth Jan. 1860
Ditto 30 Years, expire sth April, 1885 l7i
211 9.
India Stock.
Lo,tla Bonds, X101)0
45 d
oitto under £lOOO
89
Cot Rnts'for account,
Ellhequer Bills, 24d.
£lOOO
..„
—.» lO 13 d
' stitt ,
10d
~..
la all , ..... ~ l3 d
D itt *hoquer Bonds,
1858' li per Cent —
o, t 5359
PRICES
OF FOREIGN FUNDS--'THIS DAY.
Brazilian 5 per Cent.
Chillau Bonds, 6 per Ceii. ******** ' ''''''''''' 94
"
Danish Bonds, 3 pet Cent '''
1.8.2.6 '''''''''''''
81°32i 14i
Ditto 5 per Cent. '
,
Equa icor Now C0n501iLie4......-----•••••••• 102
Mexican 3 per Cent.,., ................
Peruvian Bonds, 4A per Cent.,,"" n i
Ditto Account

7CA
Russian Bonds, 1822, St., 5 per Cent 10ii
/3,44inian Bonds 5 per Cent. .......... •
ID tto Account
90 89i
Sp .nibh Bonds, 3 per Cent.
Inr k 4,11 Ronde, 6 per cent
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account ...... 98i 8
Dividends on the above payable in London.
Consols,
7.11111e1l O'CLOCK.
Isolamoney