The Sun.
London, England, 1857-04-13 00:00:00

'MONEY MI AAP, .F.g• T
.." s •

AID
COMMERCIAL :NT LL T:7l' _N OE.

CITY, Two o'Ceocic.
The advices from the manufacturing districts ice
the north cl‘iscribe business as being dull, but no
complaint is made of the operatives being unem-
ployed. Of course the ]ate discount restrictions,
following: the dullness occasioned by the elections,
has prevented the revival that was anticipated.
Later accounts from New York have been re-
ceived by the steamer Africa, but they announce
no material change either in monetary or commer-
cial affairs: The last return published by the City
banks, contrary to general expectation, exhibited a
decline in the discount and loan operations, but as
the payments during April on mercantile account
would be very heavy, no immediate relief was an-
ticipated in the money market.
Although the Bank rate of discount is fully main-
tained the inquiry is less urgent, and an easier
feeling prevails. The influx of gold still continues;
a large proportion of the receipts are going, and
are expected to go, into the Threadneedle-street
vaults, and the continental demand is embed
through the precautions taken by the authorities.
There is, consequently, reason for increased confi-
dence. Still, it must be acknowlelged no cause
exists for congratulation, the monetary system is
deranged, and the inconvenience is extremely bur-
densome to the commerce of the country. Perhaps
there was never a period when the inefficiency of
the existing currency was more fully proved The
same banking facilities which may have been
ample in 1844) aro totally inadequate to
the requirements of the present time, the
development of trade in the interval leaving
doubled the commercial transactions of the United
Kingdom. The means by which these operations
are conducted being inefficient, constant fluctua-
tions in the value of accommodation—which, how-
ever, is always maintained at a high point--take
Place, and embarrassments ensue among firms
whose engagements too greatly exceed the limits of
their capital. Any modification of the existing
laws is temporarily delayed, but as the difficulties
caused by their operation increase as they
Most certainly will, so must the necessity of an
alteration be made apparent even to those who
have hitherto steadfastly supported them.
Thit movement of the precious metals last week
was extensive, but less so than in the previous one.
As far as can be ascertained (for the receipts of silver
from the Continent can only be roughly estimated),
the imports of the precious metals amounted to
476,284/., while the exports during the same period
were 173,2501.

A large supply of Australian gold has been an-
nounced to-day by the Royal Charter and the Light
of the Age. The former brings 128,000 ounces
and 13,000 sovereigns—together, 525,000/.—and
the latter 6,500 ounces, or 20,0001. The Africa,
from New York, has $34,000 on board, but this is
to doubt intended for France.

An improvement of -I per cent. has taken place
in the English Stock Market to-day, owing to dimi-
nished pressure for money, the influx cf gold per
the Royal Charter and the Light of the Age,
and the increased confidence felt in the probable
course of monetary affairs. The Bears have
shown a disposition to close their engagements, and
several purchases, both real and speculative, have
been effected. Consols have been 92k, 93, and
93i for money ; and 933 1 for the account. The
New Threes are 91:4 92 ; the Reduce -;'. Ex-
chequer Bills ara ls. discount for those dated
March, and 6s. discount for the June ditto.
In Foreign Securities the dealings have been
limited, but the quotations ara Turkish
6 per Cents. have been 94l 3, and 941 4 ex divi-
dend. The 4 per Cent. Guaranteed have been
1001, Sardinian Bonds are 90,-k, Portuguese 3 per
Cents, 45, Peruvian 41 per Cents. 77, and Bra-
Lilian 5 per Cents. 991.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexi-
can, 231 4 ; Peruvian, 77 8 ; do. 3 per Cents.,
545 ; Portuguese 3 per Cents., 441 5A ; Russian 5
per Cents., 104 6 ; ditto 41 per Cents., 95 7 ;
Spanish 3 per Cents., 411; ditto Deferred, 241 25 ;
ditto Certificates, 6/ 1 ; ditto Passive, 5, 6.

There has been rather more activity in the Rail-
way Share Market, and some of the principal under-
takings have shown an upward movement. Eastern
Counties have improved about 55., Great Western,
Lancashire and Yorkshire, North-Western, South-
Western, and Midland, 10s. ; and Manchester,
Sheffield, and Lincoln, and South-Eastern, 15s. to
11. The Canadian Haim are also at improved quota-
tions. Grand Trunk of Canada improved about 1/.
Eastern of France, Northern of France, Paris
and Lyons, and Southern of France are each about
ss. higher.
No business of any importance has been done in
British, Foreign, or Colonial Mining Shares, and
prices are quite nominal. •
Joint-Stock Bank Shares ruled all but at previ-
ous rates. Australasian Bank improved about 55.,
and Union of Australia ss.

The Miscellaneous undertakings were quiet, at
previous quotations. Peninsular and Oriental
Steam rather declined, being 66a 67.

BRITISH FUNDS.—CLOSING PRICES —THIS DAY.
(From the Officsal List:) .
ftnsine.. eln: •
3 per Cent. Reduced Annuities 9ll i 2 1i
3 per Dent Consols Anunitioz
New 3 per Cent. Annuities 9li i 21,- li 2
1.0.1 g Annuities, expire kith Jan. 1860._
Ditto 30 Years, expire 10th Oct., 1859 2 13.16
• Ditto 30 Years, expire sth April, 1885 lB
Bank Stock .
Ditto Account 216 17i •
Consols for Account ~ . 93j :I
Etcheque: Bills, 20c1 • March. I June.
£lOOO .. ••• • 1d I 6d
£5OO , 1 3 a
Small i 6 d
PRICES OF FOREIGN FUNDS—THIS DAY.
Brazilian 5 per Cent.
Ditto New, 1852, 40 per Cont.
Mexican 3 per Cent
Ditto Account
Peruvian Dollar Bonds, 40 per Cent.
Portuguese Bonds, 5 per Cent., Cou. 1841
Ditto 1853, 3 per Cent.l —
Ditto Account 45
Russian Bonds, 1A22, k, St., 5 per Cont — •
Ditto, 44 per Cent
Eardinian Bonds, 5 per Cent. ..... ..... .., 9oi i
Turkish Bonds, G per cent
Ditto Account - i
Ditto Guaranteed, 4 per Cent.
Ditto Account
Dividends on the above payable in Loa ..n.
THREE O'CLOCK.
Consols, money 924 3
Ditto, Account (May 7) 93j

. The King of Denmark has not yet accepted the resig-
nation of the Ministers on the 10th of April. There was
to be a secret meeting of the Council of State on the
11th,
,when the question would be definitively settled.
The Bund of the 10th dec'aree that the Federal Coun-
cil has uttered its last word in the affair of Neuchatel.
Dr. Kern is not to make any further concession. M.
Piaget does not return to Paris.
We (Western Times) have the pleasure to state that
Lord John Russell has contributed 1001. to the expenses
of the committee for conducting Mr. Buller's elec:,ion.
His lordship is, we understand, expected at Castle Hill
to spend the Easter holidays.
The Post-office authorities have given notice that a
mail for the Cape will be taken out by the steamship
Himalaya. Letters may be posted in London until
Wednesday evening. The Himalaya will take out the
mails shipped on board the Transit.
THE NEW SPEAKER.-Mr. Denison possesses good
qualifications both of person and character, and he is one
year younger than Mr. Baines ; but we should not have
thought that in accurate knowledge, in business habits,
in public services, or in the ability to preside over such
a body as the House of Ccmmons, he was nearly eqsal
to that gentleman. He has, however, an advantage
which weighs surprisingly with our governing classes,
in being the son-in-law of a duke ; whereas Mr. Baines
has sprung from the people, and his merits, whatever
they may be, are all his own. We must be excused
if we ray that it does not seem quite in the spirit of
the constitution that aristocratic connexion should be
allowed to decide in the choice of the first officer of a
House of Commons.—Leeds Mercury.
FIRE IN ST. Grrets's.--Yesterday (Sunday), about
noon, a fire happened in the premises of Mr. Kopmon
Simons, No. 29, Dudley-street, St. Giles's. The pro-
prietor of the house, a Jew, had been engaged in making
and selling PassoVer cakes, and yesterday he was sud-
denly called to serve in the shop, when the instant he
entered his clothes burst forth in flames, setting the shop
on fire. Before the fire could be put out the unfortunate
man was so severely turned that it was found necessary
to remove him to Charing-cross Hospital. It is believed
that he set his clothes en fire whilst standing in the
parlour. Fires also took place yesterday in Charles-
street, Middlesex Hospital, and Walworth-road, but the
damage done was very trifling.