The Sun.
London, England, 1857-07-03 00:00:00

0L Di A .eu T

AND

COMIVIE NT iL INTELLIGZNCE.

CITY, Two O'CLOCK.

The Liverpool Cotton market yesterday closed
firmly, and prices were at a slight improvement.
The sales amounted to 7,000 bales. The Railway
Share Market closed quietly, but steadily, and
previous rates were well maintained.
The general demand for money is tolerably active
but although full rates are paid for accommodation
there is an absence of pressure, and the mercantile
community experience no difficulty in preparing
for the engagements which have to be met to-
morrow, the 4th of the month. During the
last few days the tendency in the rates has
been to decline, and the bet bills have in some
cases been negotiated at N- per cent. This to-
gether with the steady influx of gold into the Bank,
strengthens the impression that a reduction of
if not 1 per cent. will soon be made in the mini-
mum. Some persons are of opinion that an altera-
tion ought to have been made yesterday as the posi-
tion of the establishment is presumed to have im-
proved materially since the date of the last Weekly
Return ; but the Court were no doubt guided by
a cautious policy, and in the absence of the balance-
sheet showing the actual position of affairs, the
public are not qualified to decide whether the course
adopted is correct. Numerous half-yearly dividends
are now being paid, and the interest on Consols
will be distributed next week, and some relief is
being thus afforded. The supply is found to be
ample for all purposes, and as soon as the bills
falling due to-morrow are liquidated, increased
ease will no doubt be felt. _ _ _

About 170,0001. of the gold brought by the
Vandenbilt and the Atlantic was sold to the
Bank yesterday.
This day the half-yearly meeting of the London
Dock Company was held at their offices in Princes-
street Bank ; Mr. Cattley took the chair. The
teport, stated that the number of foreign vessels
which entered the docks in the six months was 462,
and the receipts 249,9861. 3s. sd. The net balance
standing to the credit of profit and loss was
235,6311. 9s. 4d., from which a dividend of 21. 10s.
per cent. for the half-year was recommended,
amounting to 94,7801. ss. sd. The stock of goods
in the warehouses was 95,922 tons. A short dis-
cussion ensued, when the report was adopted.
At the special meeting to-day of the Victoria
Dock Company, a bill for enabling the directors to
make a new cut eastward of their dock, and for
raising additional capital, was read to the proprie-
tors, and approved unanimously.
The value of the English Funds is maintained
with firmness, but there is an absence of buoyancy,
business being too dull to stimulate an an advance.
Thus for some days past the movement has been
rather adverse, although an improvement would
have been justified on account of the favourable
weather for the crops, and the general prospect
of the Money Market. No fresh buyers appear,
but when the dividends are paid, and the transfer
bo,,ks re-open, investments to some extent may be
calculated upon. Special transfers can be effected
on Monday next, but the books are no,, opened to
the public generally until the 17th instant.
Consols to-day have been 92 , and since,
922 buyers. For the opening they are 921
The New Three per Cents. have been
dealt in at 921 1. and the Reduced 921 f. Bank
Stock is flat at 213 to 213 i. Exchequer Bills are
now only 4s. discount to par. India Bonds under
1,000/ are Gs. discount.
Foreign Stocks are firmer, and a moderate busi-
ness has been done: Russian 41 per Cents. are
961 ; Spanish Deferred, 25k; the Passive, 54 ;
and the Committee's Certificates, 6,1 being steady.
Turkish 6 per Cents. are 96/ ; and the 4 per
Cents., 102 to 1021 • Mexican Stock is flat at 221 ;
Portuguese 3 per Cents. are 45 ; Peruvian 4/ per
Cents., 80 ; and Brazilian 5 per Cents., 1001.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 61 ' • Mexican,
22 ; Peruvian 41 per:Cents., 79i 80/; ditto 3 per
Cents., 541 551 ; Portuguese 3 per Cents., 44/ 45k;
Russian 5 per Cents., 109 111 ; ditto 41 per Cents.,
96 98 ; Spanish 3 psr Cents., 40k ; ditto New
Deferred, 25 25/ ; ditto Certificates, 6k ; ditto
Passive, 5-1
Messrs. D. Bell, Son and Co., report that the
market for American Securities has continued dull
during the past week, but that symptoms of im-
provement had been manifested. For the various
State Stocks there had been some enquiry. Rail-
road Bonds were dealt in to a very limited extent.