The Sun.
London, England, 1857-06-19 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE. I
ihr,

CITY, Two O'CLOCK.

Accounts from Liverpool mention that the
Cotton Market yesterday closed with a firm ap-
pearance, at the extreme rates of last week. The
sales were estimated at 10,000 hales, 3,000 of which
were t Ilion for export, and 2,000 on 5. eculation.
The Railway Share Market closed with a very
animated feeling, and prices have advanced.
In the Foreign and Colonial Produce Market this
week the business transacted has not been charac-
terised by any movement of importance except as
regards sugar, which, owing to large arrivals, has
receded 6d. to Is. per cent. The demand for this
article is also greater. Coffey has been in good re-
quest, and full rates have been maintained ; cocoa
is heavy, and tea dull at ls. FL per lh. for corn-
Lion congou. For rice there has been a limited
enquiry. Rum is cheaper, and spices are generally
without any change of importance. Saltpetre is
quiet, and tallow firm.
The letters and papers by the steamer Columbia,
from the United States, which brought a small
amount of specie, viz., 75,0001., were delivered in
the City this morning, but they do not contain any
additional monetary or commercial intelligence of
importance. Trade seems to have been active in
the port of New York, the import and export
tables showing an increase in both departments
Compared with previous years. Thus the ship-
ments of merchandise, from January 1 to June 5,
are estimated at $32,561,589, against $31,990,072
in 1856, and $27,438,245 in 1856.
Subjoined is the official account of the specie on
tuard the Pera, which will be despatched to-morrow
to India and China :

Bombay (silver)
CAylon (4013)
Madras (gold)
Do. (silver)
Calcutta (silver)
Penang (si'ver)
Singapore (silver) •
Hong Kong (silver)... ..............
Canton(-flyer) .......................
Shanghai (silver) ......••

£251,639
820
~ 1,323
20 800
134,127
.. 7,427
88,270
.. 331,038
.. 6,030
301,142

T0ta1.....,... £1,142,616
This is the largest remittance ever made by one
'tassel to India and China, but if the next advices
by the Overland Mail report the least reduction in
the rates at Hong Kong and Shanghai, future ship-
Ments will no doubt be conducted on a smaller
scale.

The silver market is now comparatively quiet,
as usual immediately after the arrangements for
these shipments are completed. Bar silver, how-
ever, is still ss. lid. per ounce standard.
The Directors of the Bank of France have adopt-
ed a very important alteration, viz., the reduction
of the premium on gold from 6to 4 per mille This
Proves the accuracy of the advices lately received
from Paris, viz., that the Bank is obtaining a
supply of bullion in the ordinary course of business
and irrespective of purchases of gold in this coun-
try. Having taken this step, a decline in the
minimum is expected towards the end of the next
Week, if not before.
Following the movement of the Bank of England
Directors, yesterday, the various discount establish-
Merits, including the National Discount Company,
have reduced the allowance for deposits. The
terms are now per cent. lower, viz., 51 for money
on call, and 5i per cent. when the agreement is for
7 days' notice. If a further reluction takes place it is
supposed that several persons who have employed
their money in the discount-marketinstead of invest-
lug it in the funds, will withdraw their capital with
the view of purchasing securities.
There is a moderate inquiry for money, but the
market, since the alteration in the Bank rate, is
decidedly quieter.
Increased firmness is apparent in the English
Stock Market, but the improvement is singularly
Unimportant compared with what might have been
expected from a modification of the discount
regulations at the Bank. The absence of busi-
teas, and the inability of the public to
invest while the transfer books are closed,
are the only causes assignable for the apathetic
State of the market. Consols have been 931
buyers for the 9th rroxinio, but they are now
flatter ; viz., 93 k 1. For the opening they are
N. a. The New Three per Cents. are 92i 93,
and the Reduced 92/ 93. Bank Stock is firmer ; ItlB
212} to 214. The March Exchequer Bills
have been 2s. discount to 2s. premium, and the 18
Bonds 98. 20
100
Foreign Securities are firm, but the transactions 100
are limited. Turkish 6 per Cents. have been
968 and are now about 961 The 4 per Cents.
have been dealt in at 1011 to 102. Spanist. 3 per
Cents. are 42k, the Deferred 26 to 26k, and Belgian
41 per Cents. 98k. Russian 5 per Cents. are 111,
being 1 per cent. better.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds. 61 ; Aleve3it,
22i ; Peruvian 41 per Cents., 76 8 ; ditto 3 per
Cents., 53 5 ; Portuguese 3 per Cents., 46 47 ;
Russian 5 pel Cents., 109 111 ; ditto 4i per Cents.,
97 9; *4pauisli 3 per Cents., 421 i; ditto New De-
ferred, 26 ; ditto Certificates, 6i ; ditto Pas-
sive, 54 2.
Messrs. D. Bell, Son and Co., report that during
the week there has been very litt!e business it.
American Securities, and little change in prices.

GOVERNMENT SECURITIES.
Redeemable. Per Cent
United States 6 per Cents. 1867-1868...106 1061
United States 6 per Cent. Bonds 1863...106 1063

STATE SECURITIES.

... 78 -
... 89 91
...100 -

Alabama 5 per Cent
Maryland 5 per Cent. (Sterling Bonds)...
Massachusetts 5 per Cent. (Steil. Bonds).
Mississippi 6 per Cent. Pl. Bk.
1841-1871... 40 42
Bonds
Mississippi 5 per Cent. Union Bk Bonds ... 20 22
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds 1877... 79 81
Tennessee 6 per Cent. Bonds -
Virginia 6 per Cent. Bonds 1886... 83i 84;
Virginia 5 per Cent. (Sterling Bonds) 1888... 84 86
LOANS OF CITIES.
Boston 4i per Cent. Bonds 1883... 90 92
Montreal 6 per Cent. Bonds 1856-1865...
New Orleans 6 per Cent. Stock 1883... 75 77

RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 90 9
Illinois Central 6 per Cent 1875... 87 89
Illinois Central 7 per Cent. Freeland
Bonds 1860...107 109
Illinois Central (Shares), $3O paid 19 21 p
Michigan Central Bp. Cent., Convert 1860...
Do. do. do., 1869... 90 91
New York Central 7p. Cent., Convert 1864... 89 91
New York Central 6 per Cent., not
Convertible 1883... 79 80
Now York and Erie 7 per Cent. 3d Mort-
gage
N. York and Erie 7p. Cent. Convertible 1862... 76 78
N. York and Erie 7 per Cent. Sinking
Fund 1875...80 82
Panama 7 per Cent., Ist Mortgage 1865...
Pennsylvania Central 6 p.Cent.,lstMort 1880... 89 91
The dealings in the Railway Share Market to-
day have been circumsctibed. In some instances
prices have exhibited an upward tendency. Ox-
ford, Worcester' and Wolverhampt on and Midland
advanced ss.n South-Western and South-Eastern,
and Great Western 105. ; and North-Eastern
(Berwick), 1/. Edinburgh and Glasgow declined
11., and North-Western and Manchester, Sheffield,
and Lincoln,
Joint-Stock Bank, Mining and Miscellaneous
Shares are extremely quiet, at about former values.

BRITISH FUNDS THIS DAY AT ONE o'CLOu.K.
( Irom the Official Lest:)
Business done.
214 12A
sank Stook
1,2!

3 I:Qr meet, tieduced Annul, ....••••••""
3 per Cert. consols AnnuitieF Shut
New 3 per Cent. Annuities 924 3
Loaf! Annuities, expire •;t, Jan. 1860
Ditto 3d Years, expire sth April, 1885 18 1-16
Indic. Bonds,
Ditto, under £lOOO
2 d
Consols fr-r A reonvi,
Ditto for Opening 93s
Ezehequer ;Aim, tO
£lOOO •.• ••• ..... .•.- ........
atfo 2 p
Small ........ ...... .
Ditto Bonds, 1858, .J per Cent.
Ditto, 1859 ............ ............... 9sa
PEICF.S OF FOREIGN FUNDS AT ONE O'CLOCK
razilien 5 per Cent. ...
Do., New, 1829 and 1839, 5 per Cent... 9.
Russian Bonds, 1622, t St., 5 per Cent.... 111
Sp,nith Beads, 3 I.er Cent.
Ditto Account
Dittc I.* ow referred, 3 per Cen'.
Ditto Account
Swedish 4 per Cent.
Turkish unds, u per cent 96}
Ditto Account
Ditto Guaranteed, 4 per Cent.
frluitto Account
utv newr tt c shave syabie ID Lvadcn.
Belgian 26 per Cent., ex. 25 francs
I, Do. 4 per. Cent.. ex. 25 francs...
TWO O'CLOCK.
Consols for Account