The Sun.
London, England, 1857-08-24 00:00:00

MONEY MARKET

AND

COIYIMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Accounts from Liverpool state that the Cotton
Market, on Saturday, closed with a very active ap-
pearance, and prices were at a slight improvement.
The sales amounted to 15,000 bales, 1,000 of which
Were taken by the speculators. The Railway Share
Market closed steadily, and only a limited business
Was transacted, at previous rates.
The public sales of colonial wool, which com-
menced on the 16th ultimo, terminated on Satur-
day last. During the series there was a full attend-
ance of both home and foreign buyers, more parti-
cularly of the latter, the demand for the Continent
having been very active, owing to the high rates
ruling for English wool. This rise in the raw
Material prevented most of our English buyers
from making purchases to their usual exent, but they
Were nevertheless induced to operate more freely in
certain
qualities of colonial wool. The sales opened
at an advance of about ld. to 11d. per lb. on the
May rates, which, after a few days, reached fully
2d. per lb. The extreme advance was well sustained
to the close. These sales comprised a good selec-
tionof Sydney, Port Phillip, and Van Diemen's
Land.
Flocks, and those in good condition, sold
at high rates. The number of bales offered
amounted to 82,394, of which 80,305 were colonial,
Chiefly from Port Phillip and the Cape, and the
remainder were East Indian, Spanish, South
American, and a few German. South Australian
wool was mostly in grease, and sold proportionately
Well. New Zealand wool, of which there was a
good assortment, attracted much attention ; and
Cape wool generally was in better condition than
that offered at the last May sales, and sold uni-
formly at the full advance quoted above. Buenos
Ayres wools were also at improved rates.
The general inquiry for discount accommodation
during the last few days has been much quieter,
and the influx of Australian and American gold has
tended to increase the confidence felt in the progress
of monetary affairs. The best descriptions of com-
mercial bills are negotiated at 51 per cent, but there
28 no anticipation of a reduced minimum, while
the course of events in India is so uncertain, and
the drain of silver to that country continues on
Buell an extensive scale. Towards the close
Or the present week the demand is likely to
b
hers
more active, because merchants and
t°, d'ere will then be making preparations for
"e engagements falling due on the 4th
proximo, while tho arrangements for the specie
remittances about the same period will contribute
a temporary influence upon the applications for
pe~niary assistance. Notwithstanding supplies of
s'te'er will no doubt be obtained on the Continent
doe n-
g the ensuing fortnight which must lead to an
exportation of gold in payment, it is generally
presumedthat a portion of the amount
received by the Great Britain will bo added to the
metallic reserves in Threadneedle-street, and thus
the improvement exhibited by the Bank return
Published
on Friday, is likely to make further
Progress.

Lat:t week the imports of the precious metals
Were esFitnated at 1,305,8531., and the exports at
1,15- 966
0, 1.

It is expected that a portion of the 511,0001. re-
ceived by the Great Britain will be sent into the
Bank immediately upon its arrival in Loudon.
The Henry Gillespie has arrived from Australia,
but it is not yet ascertained whether she brings any
gold.

Business in Mark-lane is very dull, and English
Wheat has declined 4s. to ss. per quarter.
The English Funds have improved per cent.
to-day, and the decline' which commenced on
Saturday, when the Indian news arrived had been
arrested. A disposition is shown to make
purchases, no doubt in consequence of the
splendid weather for the harvest, the fall in
the price of wheat, and the easier state of the money
inarket. Business is very dull, but a better tone is
perceptible. Consols fel' transfer have been 902
and fir Account 901 The New Three per Cents.
are 918,1
and the Reduced 90 to 91. Bank
Stock is 214 to 216, and India stock 2101. Ex-
chequer Bills are 4s. discount.
Foreign Stocks are quiet, but generally at im-
proved rates. Turkish 6 per Cents. have risen to
94 Spanish Neyr Deferred are 25R, Russian 4i
per Cents. 99, Austrian 5 per Cents. 802, and Dutch
`i per Cents. 641.
The following are the nominal prices of Foreign
Stocks ,—Grenada Deferred Bonds, 5 G ;
Can) 211 22i ; Peruvian, 81 83 ; Portuguese Three
Per Cents., 452 452 ; Russian Five per Cents., 112
!IA ; Spanish Three per Cents, 40 40/ ; Ditto De-
ferred, 24 3 ; Ditto Certificates, 51 61.
A. very limited amount of business has been re-
potted in Railway Shares to-day, and the fluctua-
tions have not exceeded kto per cent. Caledo-
-1114112 Eastern Counties, Edinburgh and Glasgow,
all 4 Brighton, receded about Ss. South-Western,
„„
Manchester, Sheffield, and Lincoln, and Midland
Improved about 55., and North-Eastern
_leeds) 10s. Great Western, North-Eastern
:erwick), and Norfolk, were at steady rates.
The foreign and colonial undertakings are inactive.
Trunk
Western of Canada declined ss. Grand
,'""link of Canada 15s. East Indian, Great Indian
eniesula and Eastern of France were rather
toner.

Joint Stock Bank and Miscellaneous Share are
s"t. Bank of London improved 10s., and Union
of London about ss. London and Westminster de-
clined about 10s. Crystal Palace, European and
knerican Steam, and London General Omnibus
C°4lpany realised previous quotations.

B.4TISIDI FUNDS.—CLOSING PRICES —THIS DAY
(Prom the Olictat List;)
llusirers dccc.
il uk Stook
3 Pt'. Cent Boduced Annuities
v. 14-1: r;ent, Consols Amynities qN A 3;
A 1.," .1
• per Cent. Annuities ,'ll,- 1
India Stock
Ldia Bonds, .4:1000
C „Cols for Account ...., .. 90fi i
Eaghogner Mot 20:
;;]..ukiu
-
'MO par 1 p
S Hall.. ... •
PRICES OF FOREIGN FUNDS—THIS DAY.
Lrazilian 5 per Cent.
Ppeobrruti,vtititiaounsPiepoeßnrodens.,3dn4st:speprerCeut Cent., —
55-•
Con. 1841 ---
Ditto 1853 3 per Cent —
i/itto Account 45 i
Ditto 1856, 3 per Cent. 464
Russian Bonds, 1,522, St., 5 per Cent --
Ditto, 4i per Cent.
Sp nigh Bonds, 3 per Cent.
Dittc Yew Deferred, 3 pot Cm..
Ditto Account , .............. 25i
Pitt, Passive
7 arkieh Bonds, 6 per cent pia
Ditto Account .. . 944 a
• Dividends on the above payable in London.
Austrian Bonds, 10 Guil., 5 per Cent., £ 804
Dutch Ea ;Mange, 24 per (Jens., 12 Guilders 64i
7IIREE 'O'CLOCK.
Consols, money
Contols for account, September 9

LAW INTELLIGENCE.—(This Day.)

COURT OF BANKRUPTCY.

Mr. Commissioner Fonblanque was the commissioner
of the day, but in consequence of continued indisposi-
tion did not sit ; the certificate meetings were therefore
necessarily adjourned, as also the cases for examination,
up to one o'clock.