The Sun.
London, England, 1857-01-29 00:00:00

lei ONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'ClocK.

Letters from Liverpool state that the Cotton
Market yesterday closed tamely, and prices of some
of the qualities of Americans were id. per lb.
lower. All other descriptions were much un-
changed. The sales amounted to 8,000 to 9,000
bales, 500 of which were taken for export. The
Railway Share Market was quiet, and prices were
lower than on Tuesday.
The Board of Trade Returns have not yet been
published. These will contain full particulars of
the import and export trade of the United King-
dom during the entire year 1856, and will, there-
fore, be perused with additional interest.
There was a meeting held yesterday of the
United Mexican Mining Association, at which the
report of the directors was adopted, and it was
agreed to empower them to raise the remaining
6,5001. of the 21,5001. voted in 1854 to proceed
with the workings of the Jesus Maria Mine.
The uneasiness produced during the last few
days by the rapid efflux of gold from the Bank of
England has somewhat subsided, and as the time
approached for the Directors to hold their weekly
court to-day, the impression became general that
no immediate alteration in the discount regulations
would be considered necessary. It is well known
that large sums have been sent to the Continent
almost every day for the last week or so, which,
in the absence of any influx, would have perhaps
necessitated some measures of precaution ; but
although no definite information as to the precise
amount has transpired, there is ample reason to
believe that a supply of coin has been returned to the
national establishment from Ireland. This, with the
probability of the Heather Bell being soon in from
Australia with an opportune remittance of gold,
has no doubt warranted the authorities in adhering
to the present terms,notwithstanding the augmented
pressure for discount in all directions, and the pros-
pect of the drain still going on. To those unac-
quainted with what is passing within the Bank, the
present position of the Money Market, to say
nothing of its probable future, appears most com-
plicated and anomalous, so that no surprise need
be felt at the extreme views which have been, and
are still, vary freely expressed. The amount of gold
despatched from Threadneedle•street yesterday was
80,000/., or, according to some statements,
100,000/., but it is also alleged that a considerable
amount was received by the authorities, and
on this account the withdrawal has not ex-
cited so much apprehension as would otherwise
have been the case. Throughout yesterday, and
again this morning, the pressure for dividends was
extremely severe; but when the directors separated,
after a lengthened deliberation, without making any
alteration, the demand slackened, which for a time
has slightly relieved the market. During the next
fortnight, however, an immense amount of capital
will be required for the bills arriving at maturity
on the 4th proximo, to arrange the English Stock
account on the 6th of that month, and to complete
several other less important engagements. Under
these circumstances, therefore, the market is ex-
pected to remain stringent, at the current quota-
tions.

On the Stock Exchange the demand for money is
exceedingly active, and 8 per cent. is freely paid for
loans on stock.

At the commencement of business in the Stock
Market this morning the quotations were heavy
and tended downwards. The transactions were
limited, some anxiety being felt to ascertain the
result of the Bank " parlour " meeting. When
this was over the market became a shade firmer,
but it still remains exceedingly flat. Consols
931, / for money, and 931 1 for account,
and 93i a for the March settlement. The
New Three per Cents. were 931 3r ; the Re-
duced 931 1, and the Lang Annuities 18 1-16th.
Bank Stock is 216 to 217 k. Exchequer Bills are
as low as ss. to 2s. discount, and Tndia Bonds are
2s. discount.

The Foreign Market is very dull, and the prices
have ruled flatter. Turkish 6 per Cents, are about
94i I, and the 4 per Cents. 1021 /. Cuba 7 per
Cents. are marked 09 to 100 ; Portuguese, 43/ to
44 ; Dutch 24 per Cents., 65 ; and do. 4 per Cents.,
971 to 981.
The following are the nominal prices of Foreign
Mocks :-Grenada Deferred Bonds, 61 ; Mexi-
can, 211 k ; Peruvian, 77:178 ; ditto 3 per Cents.,
55 6 ; Portuguese 3 per Cents., 43 5 ; Russian
5 per Cents., 107 9 ; ditto 4-i per Cents., 95 7 ;
Spanish 3 per Cents., 39
40 ditto Deferred,
23i ; ditto Certificates, 54 6 ; ditto Passive,
51 6. • i ;
The last week's railway receipts, ascertained up
to this day, are in round figures as under
1857. 1856.
Great Western
North-Western
South-Western
Brighton 10,300 9,676
Midland
South-Eastern .................. 14,878 14,842
Caledonian
Great Northern
Lancashire and Yorkshire
Bristol and Exeter
East Lancashire 5,879 5,361
Chester and Holyhead
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln 9,003 8,117
North Stafford
North London
Oxford, Worcester, and Wolverh 3,803 3,543
Ulster 1,467 1,302
Edinburgh and Glaegow
Scottish North-Eastern
Graze Trunk of Canada
Great Western of Canada 9,369 7,790
Northern of France

The business transacted in the Railway Share
Market has been chiefly in connection with the
settlement of the accounts, and prices have gene-
rally exhibited but little change. Caledonian have
improved ss. ; North Western, 10s. ; South Wes-
tern, ss. to 10s. ; and Midland, ss. Edinburgh,
Perth, and Dundee declined ss. ; Manchester,
Sheffield, and London, ss. ; North Eastern, Ber-
wick, 10s. ; and North Eastern, York, ss. to 10s.

The Eoreign Lines are exceedingly dull. Paris
shares declined 1/. ; Lombardo-Venetian, ss. ; and
East Indian, 10s. The Canadian Lines are inac-
tive, but firm.
British and Foreign Mining Shares are moder-
ately active, and in some instances slightly higher
rates hare been realised.

Joint-Stock Bank and Miscellaneous Shares have
been dealt in to a fair extent at preVious values.
Unity Mutual advanced 55., and Canada Govern-
ment 6 per Cents., ss. London General Omnibus
Company are a shade lower.

BRITISH FUNDS THIS DAY IT ON ~CLth
(From the Official List.)

21218
11
It'A.On. • done
sank Stock ............. 6 1:16
6 :
3 or gent. Reduced Aunuitift 93
3 no, Cent oonsols Ann,litieh 93-
New 3 per Cent. Annuities 93k
Lodg Annuities, expire sth Jan. 1860...
2 d
nD7 t Ditto
Ho°
03,330:
sY, e rexpire
Years,
, £loooexpire

onsols Account
Exchequer Bills, 24d
,tl000
,
3ruall
PRICFS OF FOREIGN FUNDS AT ONE O'01,)(
Cuba Bonds, 6 per Cent
Ditto 7 per Cent. (Matanaa and Sabanilla) 99 100
Portuguese Bonds, 5 per Cent., Cou. 1841
Ditto 1853, 3 per Cent 43 4
Tnekien Bonds, 6 per cent
Ditto Guaranteed, 4 per Cent.
Ditto Account 103&
wends on the Above ayabie in I on•:. n.
patch Exchange, 2i per Cent., 12 Guilders 65
Ditto 4 per Cent. Certificates 9BB
TWO O'CLOC E.
Consols, money.
Ditto Account
Ditto March Account

SHARE MARKETS—(This Day.)

EtA [LW A YS.