The Sun.
London, England, 1857-09-02 00:00:00

110-iikiY MARKET

AND
COMMERCIAL INTET.LIGENCE.

CITY, Two O'CLOCK.
Letters from Liverpool mention that the Cotton
Market yesterday closed with a very firm appear-
ance, and prices were quite as dear as before.
The sales were estimated at 8,000 bales, 2,000 of
which were taken by the speculators. The Railway
Share Market was quiet, [without c:any material
alteration in quotations.
The silver market is rather flatter, owing to the
limited inquiry, and very small supplies are being
received from the Continent. The current quota-
"cus in the bullion market are—Bar gold, 775. 9d.
rr oz., standard ; South American doubloons,
s. al per oz. ; United States gold coin, 765.
per oz. ; bar silver, ss. lid. per oz., standard.
480Perations in silver are so much circumscribed,
the demand for gold has proportionately decreased,
and it is expected that the 123,0001. brought
from Australia by the Indomitable, will be taken
into the Bank in the course of the afternoon. These
continued additions to the bullion viewed in con-
nection with the abundant supply of money,
despite
the temporary stringency now experienced,
have created a strong impression in certain
quarters that a minimum of 5 per cent. will be
established forthwith, and it is not considered im-
probable that the measure may be adopted at the
Directors' meeting to-morrow. In the meantime,
'eurever, the demand is pressing, as large engage-
ments have to be made on Friday, and even if the
position of the establishment, as regards the notes
arid other securities, has improved to the extent
anticipated, a temporary delay would no doubt be
deemed expedient.
The following, with regard to the position of the
Money Market, is from the Bankers' Magazine
The state of mercantile and financial affairs dur-
g August has not been unsatisfactory. Had the
Intelligence from India been of a more encouraging
character, general circumstances in other re-
spects would have produced greater anima-
tion in business. Large arrivals of gold from
Australia and America, with the very favourable
Progress of the harvest, have assisted to keep the
money market in a more steady position ; and
although no reduction in the rate of discount has
liken Place, the general demand has on occasions
been;l less urgent. The influx of bullion has placed
e accounts of the Bank of England in a better
risition, but the purchases of silver for export to
e,
East with some operations in gold on account
of
the Bank of France have prevented any great
Business
in the terms of accommodation.
at this period is dull, the fineness of the
weather and the disposition to take recreation hay-
, caused a thin attendance latterly in most dde-
partments. A more than usual number of failures
hl)°e taken place this month, and they have arisen
wil,tlclPally from over-speculation in the provinces,
thuere credit has proved to be less sound than in
? metropolis. High rates of discount have pre-
:led on the Continent, especially at Hamburg,
reach Current quotations having at one moment
centd- 7 per cent., but it is now quoted 6 per
~ e

There was no particular alteration in the conti-
Aental exchanges yesterday afternoon.
The steamer Magdalena, which leaves to-day
for the West Indies, takes out 22,2921. in specie,
1)t Which 13,000/. consists of silver.
About 15,0001. in gold has been taken into the
bank to-day, and in the course of the afternoon
4 still larger sum will no doubt follow.
Continued firmness is the prevailing feature in
the English Stock Market, and the operations con-
cluded this morning have led to a further improve-
blelat of per cent. Besides a few speculative
Iltircbases, the public continue their invest-
-141143) and a demand for money stock always
exerts a most beneficial effect upon the
tLarket. The sales of gold to the Bank also
:rellgthen values, and there are many other minor
telreurnstances which also stimulate the improving
°den c 3- Consols are firm at 90i 91 for money
alid the 9th inst., and 911 II for the Octo-
ber account. The New Three per Cents.
Zre 9.111 and the Reduced Annuities have
een Specially transferred at 91k. Exchequer Bills
98e ss. to Is. discount being heavy, and the Bonds
111 the Foreign Market a limited business has
ueen transacted, but the quotations are main-
tained.
Turkish 6 per Cents. hare risen to
hs i• Russian Small Bonds are 991. Sardinian
per Cents. 894 ; Dutch 2i per Cents., 644, and
"itto d
4 per Cents. 99 ; Peruvian 4i per Cents. are
tarke 80 to 801 ex dividend. No bargains have
, ell recorded in Spanish, Brazilian, or Chilian
"eenrities.
lii‘The following are the nominal prices of Foreign
e'ach :—Grenada Deferred Bonds, 54 61; "Meal-
;Pl, 22 221 ; Portuguese 3 per Cents., 45 46 ;
tie:Ulla/1, 8G 81 ; ditto 3 per Cents., 55 57 ; Rus-
Cen 5 per Cents., 109 111 ex div. ; ditto 4i per
97 99 ; Spanish 3 per Cents., 401 ;
4°° Deferred, 25i ; ditto Certificates, 51 61 ;
Passive, 5/ 61.
tri4e Railway Share Market has been exceedingly
ito4l. and the transactions entered into were at an
titavallee of fully to 1 per cent., in one or two in-
Oleesit amounted to 2 per cent. Eastern Counties,
l'ghten, North Western, and Midland advanced
1;* Lancashire -and Yorkshire, North Eastern,
kel'wiek) and South Eastern, 10s. ; Manchester,
i
etaela and Lincoln, 15s. ; and North Eastern,
ti:e,(18) and North Eastern, York, 21. South Wales
keed ss. There was very little activity displayed
s
the Foreign and Colonial Market, and prices are
,11141d4',, 1. Grand Trunk of Canada advanced 10s. ;

- Great Western of Canada declined about ss.
Shares are dull. Cobre Copper rea-
-47, and East Bassett 48.
jol°oitit Stock Bank Shares are quiet. London
strrtered of Australia, Ottoman Bank and Union
Australia realised yesterday's rates.
In the Miscellaneous Shares no change of any
°rtanee has taken place. Crystal Palace are
at 11 and London General Omnibus Company, 3i.

-- - -
jiltillSll FUNDS.—CLOSING PRICES —THIS DAY.
(From the
Offici
al
List
.1
Business done.
Per Cent. Reduced Annuities Shut 91}
ti:er eent Consols Annuities 9Ol 1
Neal 2.; Per Cent. Annuities 9ls i 3 i
1,,,,," 4i per Cent. Annuities
I al' Annuities, expire sth Jan. 1660... . Shut 2 7-16 i
14'4a Stock
212 i, •
1.)„ tionda, £lOOO
o,,"tn, under 1301.0 2O 16 d
B°lB for Account
trithlner Mils, lid.
1.000 .
£5OO ......... -..
par
-t, '''all. ...... . ......
bf,c„llequer Bonds,' 1858, 3i per Cent -
,40, 1859
98i 2
Iit.,I,I:ICES OF FOREIGN FUNDS—II:US DAY.
b.,"!tn Bonds, 43 per Cent —
Pot.t.l"o Account
-.lllese Bonds, 5 per Cent., Con. 1841
Ditto
1.8.53, 3 per Cent _
t.„,.1q0 Account
'".,:nto Account
1822, !..-: St., 5 per Cent —
~.V.l4ilt? %null '
t iitk 41," lion is, 5 per Cent. . ......... .... _
bitto 110nds, 6 per cent....
"
0,,, Account 95. t A a
....0
, Ginaranteed 4 per Cont.
100
euitto Account
V
Uezliela Bonds, 4' f per Cent
but Dividends on the above payable in London.
eh Ex,. , 1. Guilders C4i i
1)3. , • ang,_, 2A per Con, .
°A uer °out. Certificates
THREE O'CLOCK.
Fi°tl4°lB, mney
'-'unbols fora account, September 9

ISTO, "Malt AUG 20.—This place was the scene of
uoh bad their meeting there, and some excellent shooting
to n. Her
alli3tibace' particularly among the ladies, who carried
t.;hrter arld prizes, two of which were presented by Lady
eiti eer ladyship afterwards entertained the
a l number of fasat ver ele.
ejeuner,arge
at which upwardshionaof 1010 partoo a every
of every
.tl4:iereY of the season. Quadrilles, walzes, &c., closed
c.!PPy day.
80ALDED TO DEATH —yesterday morning a
sidio ual.ed John William Freon, aged two years.,_
g kt 34, Uun-street, Blackfriars-road, was Redden-
, theY sea ded to death. During the ab,ence of his mother,
hin3:eb4.l4 puled a I,rge kettle of boiling water over
work city of Berlin has voted a sum of 150,000 r. for a
ANy lii of art in silver to be offered to Prince Frederic
am on the occasion of his marriage with the Princess
uyal of England.