The Sun.
London, England, 1857-06-20 00:00:00

MONEY IVIAR,KhiI

•
AND
COMMERCIAL INTELLIGENCE,

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday was
firmer, and there was a good demand for Brazilian
qualities. The sales were 12,000 bales, nearly half
of which were tiken on si.eculation, and the rest
for export. The Railway Share Market presented
a stronger aspect, at firmer values.
The Bank of England weekly return made up to
the 13th inst., is generally viewed with satisfaction
by all persons interested in an improved money
Market. The changes presented show that the
measure of Thursday last was forced upon the
directors, for if they had continued to exact 6. per
cent, as the minimum, they would have no doubt
found that their discount business was gradually
diminishing. The reserve of notes is now nearly
Six millions sterling, and fl,)r the first time for some
weeks there is a favourable movement in the other
securities. The bullion has increased arid is now
nearly eleven millions sterling. In the other de-
partments an amendment is also apparent, and
Judging from present appearances it is not im-
probable that a further reduction in the rate of
discount will soon take place. The principal items
and the changes they present are as subjoined.
Active Circulation
Decrease
Bullion
Increase
Rest
Increase
Public Deposits
Increase
Other Deposits
Decrease
Seven-Day and other Bills 685,761
Increase
Government Securities
Other Securities
Decrease
Notes unemployed

Increase

646,590

The official return of the export of bullion from
the port of London for the week ending Thursday
last is as follows : _ _

—•
‘.„
Gold Coin ... Hamburg ••• 2,060 Ozs.
Belgium ••• 300 „
•••
... Rotterdam ..• 80 „
Bars ... Boulogne ... 40,000 „
Silver Coin ... Hamburg ... 400 „
... Rotterdam ... 1,000 „
There is a good inquiry for discount accommoda-
tion in Lombard-street, but no pressure exists, and
the market, since the alteration of the Bank rate,
has been decidedly easier.
The English Stock Market has been firmer to-
day owing to the favourable Bank return, and
the expectation of an improvement in fini,nci til
affairs both here and at France. The transactions
have not been large, but purchases have preponde-
rated. Cons'As have been 931 g for the account,
and 931 for the opening. The New Threes are
924. 93, and the Reduced 924 93. Bank Stock is
213. Exchequer Bills are 3s. discount to ls. pre-
ruium.
Foreign Securities have been very dull, but at
previous rates. Turkish 6 per Cents. were dealt in
at 96g, and the latest price is 964 g. Dutch 4 per
Cents. are 9'71, Russian 41 ptr Cents. 99, and
Buenos Ayres 87. Equador New Consolidated
have been dealt in at 14, Grenada New Active at
224, and Peruvian 4i per Cents. 77.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds. Gi :4 ; Mexican,
224 3 ; Peruvian 41 per Cents., 77i 8 ; ditto 3 per
Cents., 531 41; Portuguese 3 per Cents., 46 47 ;
Russian 5 per Cents., 109 111 ; ditto 44 per Cents.,
Spanish 3 per Cents., 424 1; ditto New De-
ferred, 26 4 ; ditto Certificates, 64 ; ditto Pas-
sive, 5i iTc•
The dealings in the Railway Share Market
have been very limited, and prices, with one or two
exceptions, have been steady. Manchester, Shef-
field, and Lincoln advanced Sc.,and South-
Western and North-Eastern (erwick), 10s. ;
Great Western declined ss. ; Caledonian, 105. ; and
Bristol and Exeter, 15s. The French ines
'Were not dealt in, and prices were nominally
Unaltered. Grand Trunk of Canada receded
about 21., and Great Western of Canada re-
mained steady.
Mining Shares have slightly improved. Great
Wheal Vor has advanced to 41, and Cobre Copper
to 52. Wheal Trelawney brought 234.
The dealings in Joint Stock Bank Shares have
been rather numerous, and at upward rates.
sank of Australasia advanced 10s. ; Colonial Bank,
10s. ; Provincial of Ireland, 11. to 11. 10s. ; and
South Australian about 10s.

The Miscellaneous shares have exhibited no
ckange of importance ; Australian Agricultural
have improved 10s.

BRITISH FUNDS.—CLOSING I'ItIOES —THIS DAY.
(from the Official List:)
Business done.
Bank Stock
3 per t,, at. tieduesd / nnuitits
3 per Cent. cionsole Annuities Shut
New 3 per Cent. Annuities l'3 21
In -ft Bonds, £lO6O -
Ditto, under £lOOO. 7 d
CO,RO,S 7 ,or, - ,
Ditto for Opening 93.i
Bactlequer Bills, 24d.
£lOOO . ...... ............. ........
£5OO. 3 d
sn,ll .•
PRICES OF FOREIGN FUNDS—THIS DAY.
Buenos Ayres Bonds, 6 per Cent. —
Ditto Account
Equador New Consolidated l4
Ditto Provisional Land Warrant
Grenada New Active, 2i per Cent.
Peruvian Bonds, 4t per Cent -
Ditto Account
Ditto 3 per Cent.
Ditto Account , 541
Russian Bonds, 122, L St., 5 per Cent — .
Ditto, 46 per Cent. 99
Ditto Account 99
Tur..l. 011,1_9, I, pa cent —
Ditto Account 96i
owdeol. 0., the above • van.., In ,on an.
Dutch Exchange, 2,1 per Cen.;., 12 Guilders
Do. 4 per Cent. certificates
TWO O'CLOC6.•
Consols for Account

20
20
20
The rate of discount continues to advance at Ham- 20
burg, and is now 6} per cent. 20
It was announced to-day that the acceptances of Messrs. 20
John Langton and Co., of Liverpool, ship brokers, have 20
20_
been returned. The liabilities of the firm are stated to
amount to 75,0001.
THE EDUCATIONAL CONFERENCE.—His Royal High-
ness Prince Albert will take the chair on Monday next,
at three o'clock in the afternoon, at Willis's Rooms to

inaugurate the educational conference.
THE IRISH PERRAGE.—Viscount Monntmorrea will
stand for the next vacancy which may occur in the re
presentative peerage, atter the election of the Earl o
Bandon.
ERECTION OF A MONASTERY.—TIN Benedictine Order
are about to erect a monastery at Belmont, near Here-
ford, on a scale unknown in England since the Refor
nation. Mr. Welby Pugin has advertised tenders f
the work. A handsome catholic church has also recently
been built at Belmont, at the sole expense of F. R.
Wegg Prosser, E,q., formerly member for Hereford-
shire, and who a few years since seceded from the
Church of England.— Cheltenham Examiner.
FATAL ACCIDENT.—Yesterday evening an inquest
was held at Sr. George's Hospital, Hyde-park-corner,
before Mr. Bedford, coroner for Westminster, on the
body of Mr. Giles Pocock, aged 38, late steward to
the Junior United Service Club, who was killed by

being thrown from his horse in Mount-street, Gros-
venor-square, on Tuesday morning last. The jury re-
turned a verdict of "Accidental Death." The deceao.ed,
who was much respected, has left a widow a►,d family.
The District Surveyorship for the Western division of
the City is now vacant, and the Metropolitan Board of

•
Works will shortly be called upon to elect a surveyor to
fill the office. In these times, when old houses are falling
about us, perhaps for the want of proper supervision, it
behoves the Board of Works to select well-established
men of tried ability and known competency. In making
a judicious choice, we are assured there exists but, little
difficulty, as we find among the candidates the name of
Mr. Richard Tress (of the firm of Tress and Chambers),
an architect of no small reputation, uudtr whose direc-
tion the City of London Union Workhouse at Bow, the
Central London great range of schools, and many other
well-known edifices, have been erected. He is surveyor
o the Cutlers' Company, and is well-known in the City
as a skilful and an attentive man to his trust, a satisfac-
tory guarantee that in his keeping the appointment
would be safe. Whether the Board elect Mr. Tress or
any other person, we hope to see the office filled by one
capable of preserving our lives from the danger of worn-
out buildings falling upon us as we progress through the
streets. The late catastrophe in Tottenham-court-road
is a proof of the necessity.
HAMPSTEAD HEATII.—At the weekly meeting of the
St. Pancras Vestry, a communication was read from Sir
B. Hall announcing that a bill bad been brought into
Parliament having for its object such an alteration of
the Leases and Sales of Settled Estates Bill as would
enable Sir T. M. Wilson to carry out his views with
regard to building at Hampstead•heath, and exorecsive
of a fear that, unless some steps were taken to effect its
purchase, the object of the alteration might be effected.
After some discussion, condemnatory of the conduct of
the Metropolitan Board of Works, Mr. Farrer moved
that a petition be presented to both Houses of Parlia-
ment, praying them not to pass a bill removing the re-
striction on Sir T. M. Wilson, as contemplated by the
alteration of the Leases and Sales of Settled Estates
Bill, and also praying the legislature to take such mea-
sures as may tend to preserve the heath of Hampstead
fur the health and pleasure of the artisans and inhabit-
ants of the metropolis, and the general public. The Rev.
R. Eckett seconded the motion, and it was carried
tuaaniraously,