The Sun.
London, England, 1857-01-16 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The Liverpool Cotton market yesterday con-
tinued heavy, and prices in some instances were
k per lb. lower when compared with the rates cur-
rent last week. The sales amounted to G,OOO bales.
The Railway Share Market was steady at a slight
rise in prices.
At Leicester, it is stated, a fair business was being
transacted in hosiery goods, and the working
classes find fair employment. From Nottingham
we learn that the lace trade is rather dull, but in-
creased activity was soon anticipated. In the
hosiery department there is more animation than
usual at this period of the year, and a busy season
is expected.
An active business has been transacted in Colo-
nial Produce this week, and if money were cheaper
there would no doubt be a revival of speculation.
For sugar there has been rather less inquiry, and
in the early part of the week prices ruled heavy.
There has since been more firmness, and the de-
mand has increased. Coffee has been rather
dearer, rice is 6d. to 9d. per cwt. lower, and cocoa
has been at nominal rates. Tea has commanded
high rates, and holders have not shown any dis-
position to press sales. Spices have ruled steady ;
saltpetre is quiet ; and rum has realised previous
rates. Tallow has been maintained, the stock be-
ing in few hands.

The dividend declared by the Brighton and
South Coast Railway for the past half-year is at
the rate of 3 per cent., making 6 per cent. for the
twelve months.

Rather less excitement has been exhibited in the
Money Market since it became known that no alte-
ration had been effected in the minimum rate of
discount, but there is no diminution in the demand
for discounts, and high terms are in all instances
charged. Some anxiety is expressed with regard
to the Bank Return to be published in this even-
ing's Gazette, as it is feared that very important alte-
rations will be manifested consequent upon the
payment of the dividends which commenced on
the Bth instant. A decline is expected in the
bullion, owing to recent withdrawals, as all the
late receipts of specie from Australia and America
have been sent to the Continent.

La Plata, which has arrived from the West
Indies and Mexico, brings about 177,247/. in
specie.

_
The transactions in public Stocks continue of the
most limited character, and the prices, as for a
long time past, are without any variation of im-
portance. This is the first regular transfer day for
Consols, and it is expected that there will now be
more real business. Consols for money have been
markedas high as 931 I, and the account quotations
have remained at 94 to 94k. They are now, how-
ever, scarcely so firm, viz , 94, sellers. The New
3 per Cents. are 948 $, the Reduced, 94 to 948,
and the Long Annuities, 2i 1546th. Bank Stock
is 216 k to 2171, and East India Stock 220. Ex-
chequer Bills are depressed at 2s. discount to 2s.

premium.
Until one o'clock only two bargains were re-
corded in the official foreign list, speculation being
quite at a stand. Swedish 4 per Cents. are marked
85, and Turkish 6 per Cents. 95k to 11.
The following are the nominal prices of Foreign
Stocks ;—Grenada Deferred Bonds, 6 7 ; Mexi-
can, 214 1 ; Peruvian, 771 81 ; ditto 3 per Cents.,
55 6 ; Portuguese 3 per Cents., 43 5 ; Russian
5 per Cents., 106 8 ; ditto 4i- per Cents., 95 7 ;
Spanish 3 per Cents., 40 40i ; ditto Deferred,
; ditto Certificates, 51 61 ; ditto Passive,
51 6.

Messrs. D. Bell, Son and Co. report that,
during the present week, there has been no material
alteration to notice in the markets for American
securities. Business in State stocks has not been
active, and the only change to report, in railroad
securities, is a general inquiry for Illinois 7 per
Cent. Central Bonds and shares, at slightly im-
proved quotations.

GOVERNMENT SECURITIES.

Redeemable. Per Cent.
United States 6 per Cents. 1867-1868...101 105
United States 6 per Cent. Bonds 1868...101 105

STATE SECURITIES.

... 78 80 1 20
... 89 91 10
...100 101 -

Sh-.

Alabama 5 per Cent
Maryland 5 per Cent. (Sterling Bonds).:.
Massachusetts 5 per Cent. (Sterl. Bonds).
Mississippi 6 per Cent. Pl. Bk.
Bonds lB4l-1871... 43 45
Mississippi 5 per Cent. Union Bk Bonds ... 16 18
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds ...1877... 81 83
Tennessee 6 per Cent. Bonds
Virginia 6 per Cent. Bonds 1886... 83 84
Virginia 5 per Cent. (Sterling Bonds) 1888... 82 84
LOANS OF CITIES.
Montreal 6 per Cent. Bonds 1856-1865... 82 81
New Orleans 6 per Cent. Stock
RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 88 90
Illinois Central 6 per Cent 1875... 84 86
Glinois Central 7 per Cent. Freeland
Bonds 1860...101 103
Illinois Central (Shares), $25 paid 18 20p
Michigan Central Bp. Cent., Convert 1860...
Do. do. do. 1869... 91i 95i
New York Central 7p. Cent., Convert 1864... 91 93
New York Central 6 per Cent., not
Convertible 1883... 80 82
New York and Erie 7 per Cent. 3d Mort-
gage 1883... 87i 881
N. York and Erie 7p. Cent. Convertible-1862... 81 83
N. York and Erie 7 per Cent. Sinking
Fund 1875... 86 88
Panama 7 per Cent., Ist Mortgage (Ster-
ling Bonds), not convertible 1859... 90
Panama 7 per Cent., Ist Mortgage 1864... 90 92
Pennsylvania Central 6p. Cent., Ist Mort 1880... 88 89

There has been a very small business transacted

in the Railway Share Market, but prices generally
rule steady, the fluctuations in values not having
been to any great extent. Great Northern have
receded 10s.; Great Western, ss. ; South Western,
55.; Midland, 55.; North Eastern, Berwick, 10s.;
ditto York, 10s.; Eastern Counties improved about
ss. ; Brighton, 10s. to 15s. ; and Scottish North-
Eastern, ss. The French, Canadian, and East In-
dian lines are inactive, and generally at a decline of
about ss. per share.
Joint-Stock Bank Shares are dull. Bank of
Australasia declined about 15s , and Union of Aus-
tralia ss.
In Miscellaneous Shares Canada Government 6
per Cents. and Crystal Palace ruled rather lower.

cftITISH FUNDS THIS DAY LT Wilt O'CLOCK.
(From the Offictal List:)
_tAn!in7._ done

Bank Stock
i per Cent. Reduc3d Annuities
3 nor Cent. ,lonsols Anneitiev 9B i g
A $
New 3 per Cent. Annuities 94 I
Long Annuities, expire sth Jan. 1860 2242015.15
India Stock
twos. Bonds, £lOOO
Ditto, under £lOOO 2 d
Consols for Account .. •• 94 i
Exchequer Bills, 24d.
1000
£5OO 2 pp 2 d
imail
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK
Swedish 4 per Cent.
Turkibh Honda, 6 per cent —
Ditto Account
Dividends on the above payable in Londc n.

Console money TWO O'CLOO 6 .
931
Ditto Account
93Zi 91

eaarotuetr to resign the chairmanship of ,R
R. Prime, Egg is 1---, .-----.
the West Sussex'
THE TYNE STEAMER.--Three county seventeen years. Sessions, having served the
eheerirre sloops have arrived
rretep,afrt in good condi- 100
which. appears to 42'5°
with part of the cargo from
ba very slightly damaged. •Grearityne
the ship's stores. 40
Lion. They have also brought a
WRECK OF THE BRITON STEAMERoa-;l3yd the South 50
Western steamer from Jersey, Which •
at South- 25
ampton this morning, the crew of the Briton
belonging to the Union Steam-ship
port, have reached here. They bring intelligenceY, of this ~,,.
of the "N
foundering of the Briton off Cape -U-sliaat, 60 miles 100
Company steamer, 20
south-west of the Cape, on Sunday last, at 6 a.m
. The 100
steamer left London with a cargo of wheat on the 6th 20
of January, bound to Seville. The crew were picked 20
up on Sunday night, at 11 p.m., by the Ocean Queen, 20
from Lisbon to Hull, with a cargo of fruit, &c., ac 50
she having also, by stress of weather, sprung a leak, 1
500
was compelled to put into Jersey on Wednesday, and 0
100
there landed the crew.
WRECK OF THE VlOLET.—Various rumours having , 122
been circulated in connection with this unfortunate i's 7)
wreck that Mr. A. Majendie, son of Mrs. Majendie, 20
residing at Barton Villas, in this city (Canterbury), was 45
passenger on board this ill-fated vessel, from a packg,e, 20
having been picked up addressed " Arthur Majendie, 1.00
we have much pleasure in stating that the report is in- 12
correct. The box in question appears to be the property 25
of Mr. Maj,2ndie, who had despatched it by packet to ig
save himself the care and responsibility of taking charge
of it whilst travelling by another route. Mr. Majendie g 0
ais now in Paris in the enjoyment of good health.--Kent 100
Herald. 100