The Sun.
London, England, 1857-01-12 00:00:00

MONE Y MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Advices from Liverpool state that the Cotton
Market on Saturday closed heavily, and prices were
the same as during the preceding week. The sales
comprised 4,000 to 5,000 bales. The Railway Share
Market was quiet at the current rates of Friday.
The accounts from most of the manufacturing
districts in the north of England are favourable,
although there does not appeat to be much animation
in business. At Manchester the high quotations
cheek operations, but the manufacturers are well
employed, and show no inclination to submit to
any reduction. A meeting has been held of the
creditors of Messrs. Geo. Ashworth and Co., at
Which the liabilities were stated at 49,5051., and
the assets at 30,000/. The latter, however, are not
expected to be fully realised, because they partly
consist of sums due from failed firms. A composi-
tion of 10s. 6d. in the pound has been accepted by
the creditors of Messrs. J. and N. Smallpage.
Although the transactions at Nottingham are still
limited a sanguine operation is entertained with
regard to the future, but some express a fear
at the upward tendency in the price of silk. Cotton
hosiery is in brisk demand, and the advance in the
value of the raw material has occasioned a propor-
tionate movement in the quotations of manufac-
tured goods. The Leicester market has improved.
The woollen trade of Leeds is active, and at Brad-
ford a fair business is reported.
During the past week the arrivals of the precious
metals have been rather large, viz., about 678,7001.,
Which have comprised 6,0001. from Africa by the
Candace, 77,0001. from the United States by the
Africa, 400,0001. from Australia by the Montmo-
rency, and 195,7001. from the West Indies and the
Pacific by the Orinoco. The exports have been
only to a moderate extent, and have consisted
chiefly of shipments to the Continent through the
London Custom House, amounting to 81,3801., and
15,0001. to the Brazils by the last packet—amount-
ing to 96,3801., independently of which it is sup-
posed that about 250,0001. has been shipped by
private sources to France, the particulars of which
are not known.

Since the alteration in the rate for advances on
Stock by the Bank of England the money market
has become more stringent, and there is now a
considerable degree of pressure. In Lombard-
street and at the Bank of England the applications
are very numerous, and there is every prospect of
the present terms being maintained if not in-
creased.

On Saturday there was a scarcity of capital in
the Stock Exchange, and as many of the dealers
had to repay loans to the Bank much inconvenience
was experienced. The " House" was open an hour
later than usual—viz., till three o'clock.
There has been a larger business transacted in
the English Stock Market today, but sales having
preponierated, the prices have drooped. Although
many circumstances are in favour of an improve-
ment, the unsettled aspect of the Money Market has
a paramount influence, and the tendency is conse-
quently in the direction of a decline. The pressure for
money out of doors, and thedifficulty found by those
who have borrowed money from the Bank to raise
the means to return it, have awakened a fear that
increased stringency will now be experienced.
While this feeling lasts, therefore, we can-
not look for any buoyancy in Public Securi-
ties, nor in any other description of negociable
property. Consols for money have touched
93i but have since realised 932 For the ac-
count, business has been recorded at 94 to 941,
93i, and 931 to 94 ; the present quotations being
1531 I for transfer, and 93-1 to 94 for the sth proxi-
mo. The New 3 per Cents are 94 to 941, and the
Reduced 93/ to 94 ; in these stocks there have
been several dealings. Bank Stock rules flat, at
216 and 217. Exchequer Bills are firm, consi-
dering the demand for money, being par to 3s.
premium, and the Bonds are 981 to 99.
Foreign investments excite very little attention.
Turkish 6 per Cents. are 95 to 95k, and the 4 per
Cents. 1031 I. The Spanish Committee's Certi•
ficates have dropped to 52 Sardinian Bonds
are 89k. Mexican 214 ; and Belgian 4i per
yenta. 98.

The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 7 ; Mex,i-
can, 214 1; Peruvian, 774 81 ; ditto 3 per Cents.,
51 6 ; Portuguese 3 per Cents., 43 5 ; Russian
5 per Cents., 106 8 ; ditto 4 per Cents., 95 7;
Spanish 3 per Cents., 40i ; ditto Deferred,
23i 4 ; ditto Certificates, 51 ; ditto Passive,
51 :.

There has been an active business transacted in
the Railway Share market, but a reduction in value
to the extent of fully Ito per cent, has taken
place in almost all the chief undertakings. East
Lancashire, Great Northern, Great Western,
North Western, South Western, Nortii Eastern
Berwick, and South Eastern have declined about
10s. The French and Canadian lines are also at
reduced rates, but East Indian rule firm.

Joint Stock Bank Shares are exceedingly in-
active, and prices rule rather lower. Miscellaneous
Shares are moderately dealt in, but at lower quo-
tations. Canada Government 6 per Cents., Na
tional Discount Company, Peninsular and Oriental
Steam, and South Australian Government 6 per
Cents. being at reduced values.

BRITISH FUNDS THIS DAY AT ONF. O'CLOCK.
(From the Official List.)

ftemnA.. done
Bank Stock
3 per Cent. Reduced Annuities
r3r Cent Console Annnitiek 934 0 a 8
New 3 per Cent. Annuities 94 4
'Adm. Ronde. £lOOO
Ditto, under £lOOO par
Consols for Account 94k 3i
R (chequer Bills, 24d.
£IOOO
£5OO 3 p par
small
1 p
Ditto Bonds, 1858, 34 per Cent
Ditto, 1859
98$ 9
PRICES OF FOREIGN FUNDS AT °NV.
Brazilian Ponds, 5 per Cent.
Mexican 3 per Gent,
5
Sardinian Bowls, .... .........
.
Sspanish Committee Cert. of Coup—. ........
Turkish Bonds, 6 per cant.....
Ditto Account ...........
......................
Ditto Guaranteed, 4 per Cent ... ..
............ 95
Ditto Account ............... w
.
.................. 1-6
nt end. on the above ..... . 3*
Belgian, 2 per Cent., ex. 25 francs .... nlO
Ditto 44 per Cent.. ex. 25 francs ..... .. 98
TWO O'CI,OC6.
.................... 93a
.................... 93h 91

Consnls, m0ney.........
Ditto Account ......

2722
25
n 5

10
it.
'0
4t.

it.
5
4t.
St.

20
20
1.74
20

20
SO
100
100
20

AMELYNE, A NEw ANZSTHETIO AGENT.—The march
of science is ever onward. At a meeting of the Medical
Society of London, en Saturday evening, Dr. Snow
read
an account of some very interesting researches which
he has recently made into the anxsthetic, or sensation-
destroying power of a substance which he has ascer.
tamed to possess properties similar to those of chloroform,
and for which, he said, that it might be substituted
with advantage in surgical operations. The substance
in question is amslyne, a highly volatile fluid prepared
chemically from fusil oil. Dr. Snow stated that he had
performed a number of experiments with it upon ani-
mals, and that be had also administered its vapour in
above 20 operations in London hospitals with the most
satisfactory results. The insensibility to pain was perfect,
and in none of the cases was its use follwed by sickness,
.n
sometimes a very disagreeable consequence of the admi-
40
iatration of chloroform. The anaesthetic effects of ame- D. 11,
ae are more transient than those of chloroform, which "
2mo
nY, under certain circumstances, be an objection to it.
rs-i-o very of the value of this new anaesthetic is the too
e:ult
sco
of a laborious series of experiments, in which Dr. lop
substitute f long
lo been engaged, with a view to obtain a 100
venient
pro or been
possessing none of the moon- 20
able enbatal'e_rties and all the advantages of that remark. 20
professor, 6`..:e which, through the able exertions of the
aupersibility to 20
inducing inZasUperseded sulphuric ether as a means of
Tyne will pain. It is not likely that ame- 50
100
expect that io'aede chloroform, but there is reason to xo
Roanerable anassthetic.
found to he a 13rtrosiderable number of cases it will be 100
DARING
100 o'clock, the houstelt:lfi---.On Saturday night, about 9 -20
of urglariously
maker, Lambeth, N;;,i'lr- Robert Bain, oar and scull 0
perty to the amountentered, and pro- 20
carried off. It appeare between ten and twenty pounds 25
y tier she evening, and show his wife went out in the 20
note
left the house, three sue- LOU
picious looking characters
premises—a man, a womenere seen lurking about the 1.0
in their hairy, left behind ti,leaod a boy. The thieves, 5
17 sovereigns, which they h 25
2'
arl a box containing
Work-box k-
removed from off the
drawers. Immediate informat•
police, but no trace of the th* levee I°ll Was given to the 50
yet been found, -or stolen property has 100