The Sun.
London, England, 1857-04-03 00:00:00

MONEY MARKET

AND
COM ER, TAL 11l TELLT.GENCE.

CITY, Two o'CLoeir.
The Liverpool Cotten Market yesterday was
quiet, and prices remained without any alteration
from those current last week. The sales were
estimated at 6,000 to 7,000 bales, 1,000 of which
have been taken by the exporters. In the Railway
Share Market the advance in the rate of discount
has caused a decline in all the leading stock.
The trade of Manchester during the past month
is thus reviewed by MessrsM‘N air, Greenhow, and
Irving :—lnactivity has been the prevailing feature
of the month here, unrelieved at any time, except-
ing from the tendency of the accounts by the Over-
land Mail in the early portion of it, which had the
effect of further originating and stimulating consi-

derable purchases in suitable goods and yarns for
India. Contracts were entered into largely, at an
advance upon which previous operations had been
entered into. Unusual as it is, and will appear, the
effect had no extended application, as in nearly all for-
mer instances favourable accounts from this source
of moat important consumption have been gene-
rally attended with a strong and exercising influ-
ence upon the productions of this district generally.
But then the absence of satisfactory accounts from
China necessarily interposed and negatived, to an

extent, the influence which would to a certainty

have resulted. There is now, however, a reason-
able probability that better accounts will soon be
brought to bear in connection, and inspire a course
of greater activity generally, at home and abroad.
Influentially good accounts from India and China,
We repeat, contribute more to create a feeling of
assurance and of direction in this market than from
any other quarter of the globe.

From each quarter there is a certain importance,
but few of them collectively have the same weight
attached. We mention and instance this as an im-
portant and peculiar feature. The progress of the
month has necessarily been influenced by the con-
tinued high price of cotton, which evidences cer-
tainly no ground for diminution in the meantime,
and the general belief that prices here, in the ma-
nutactured state, cannot undergo any change mate-
rially in a downward direction, and from a necessary
caution on the part of buyers and of producers,
that as prices are now ruling very high,
comparatively, 'a necessity is imposed upon all
interested to produce and to purchase only such
as may be actually necessary. A great avoidance
on the part of manufacturers is as everywhere evi-
dent as it is on the part of purchasers to operate.
Then, too, in reference again to the action of this
market, the concluding portion of the month has
likewise necessarily been much interfered with by
the excitement and attention consequent upon and
arising from the general election. Very little
business has been done during the last week.
The Markets for Foreign and Colonial produce
this week have been rather more active, and en-
hanced terms are now current for some of the prin-
cipal staples. For sugar there is a good inquiry,
owing to the approach of.the period when the new
duties will come into operation. A rise of 6d. to
lv. per cwt. has taken place. Coffee has also been
an brisk demand, and good coloury plantation is
is. to 2s. dearer. Cocoa is without change. Rice
quiet, with a moderate demand at previous prices,
and tea has been steady at Is. per lb. for common
congou. Spices were in moderate request early in
the Week, and nutmegs, mace, and cloves are
dearer. Pepper has been at a slight decline. Salt-
petre has receded is. per cwt. Cochineal is steady,
and tallow is at nominal rates.

The Money Market is in a very stringent state,
and there is an active inquiry for discounts at the
enhanced terms. The allowance for deposits
33 now 5i per cent., and the discount estab-
lishments give 5 per cent, for the use of
capital "on call." The alteration in the Bank rate
bas continued to excite attention in City circles,
but with large arrivals of gold an improvement
is soon expected in the general condition of mone-
tary affairs.

The Austral from Australia has arrived, but the
amount of specie she has on board has not yet
transpired.

The steamer Colombo which leaves Southampton
to-moirow for India and China takes out the fol-
lowing amount of specie :

Bombay (silver)
Ceylon (gold)
Madras (gold)
Do. (silver)
Calcutta (silver) 185,845
Penang (silvery
Singapore (silver)
Hong. Kong (silver)
Canton (silver)
Shanghai (silver)

Total £788,684
There has been increased firmness in the English
Stock Market, although business is still very much
contracted. The decline, however, has not made
further progreas, and as the advance in the Bank
rate will check the efflux of gold, and so exercise a
favourable influence, it is probable the market
Will further tend upward. Consols have been 931
for money, and 93'4- 4 for the 7th, but they are now
it per cent. lower. The price for May is 93 1.
The New 3i per Cents, are 100, and the June
Exchequer Bills 6s. to 2s. discount. India Stock
is 222.

In the Foreign Stock Market the dealings have
been very limited. Mexican have been steady at
23,1 Y, and Peruvian realise 771. Spanish Com-
raittee's Certificates were dealt in at 61. Turkish
6 per Cents, are nominally quoted 97-g. and the
4 per Cents. Guaranteed 1004. Dutch 21 per
Cents, are steady at 651, and the 4 per Cents, at
97.
The following are the nominal prices of all the
leading articles :—Grenada Deferred Bonds, 61 7 ;
Mexi,:an, 23 ;Teruvian, 77 9 ; do. 3 per Cents.,
54 6 ; Portuguese 3 per Cents., 441 5 z ; Russian 5
per Cents., 104 6 ; ditto 41 per Cents., 97 9 ;
Spanish 3 per Cents., 411 ;-3 ; ditto Deferred, 25,1
ditto Certificates, 61 ; ditto Passive, 5i 6.
In the Railway Share Market this morning
there has been a very moderate business trans-
act9d, and in almost all cases at reduced quo-
tations. Bristol and Exeter declined 1/.,
Caledonian 10s., Eastern Counties 55., Great
Northern ss. 40 10s., Great Western it., Lan-
cashire and Yorkshire 11., London and North-
Western 10s., South - Western 55., Midland
Pls., North-Eastern (York) 155., and South-
Eastern 10s. The French lines rule at steady
rates. Eastern of France, Northern of France,
and Paris and Lyons being at previous
values. Grand Trunk of Canada have declined
about 21., and Great Western of Canada ss.
Geelong and Melbourne, Dutch, Rhenish, and East
Indian are at previous rates.
In Mining Shares prices have slightly improved.
Alfred Consols advanced ss. ; Cocoes ss. ; United
Mexican declined ss.
Joint-Stock Bank Shares are very inactive.
Bank of Australasia advanced 10s. Ottoman Bank
declined ss.
The Miscellaneous Shares are dull, but realise
steady price,. Australian Agricultural, Electric
Tplegraph National Discount Company, and Pe-
ll-Insular and Oriental Steam were dealt in at
Previous quotations.

LEITI6H. FUNDS THIS DAY AT ONE O'CLOCK.
( from the Official List:)
B usiness done
W u
3 Per Cent. Consols Annuities 93$
lie .1i per Cent. Annuities ...... lOO
India Stock
£1(3011
Honda 222
, 41000
••• _
3/1 TAtBolder £lOOO 5 1 d
sto , untor Account
.... 93J-,
ttohequer Bills, 21e. March •
• i
1f,Y,3 ........ -. . tsoo — i
_!ireall. .... 3 p 1 d 1
•
I.ltuitto Bonc.ls, 1855, 3i per Cont. ... - D
kr EKES OF FOREIGN FUNDS AT ONE ir();,o'. • k
wexj
b.can 3 per Cent _
'4O Account
PerUvian Bonds, 4:L per Cent
bitte Account,
2Pnialt Committee Cert. of Coup. not fun 6:-
I.llkitt-, rona6, 6 per cent...
Oltte Guaranteed, 4 per Cont.
:), deeds :in tho Uove n,vcible In ~,Thuvn•
I).4teh Exchange, 2!, per Cent., 12 Guilders 65
*hitt° 4 per Cent. Certificates bitto Account 9797
TWO O'CLOC Fi.
bcnsols money 93 71
Ditto for account
Ditto May Account - i

e .6.-t a meeting of the General Screw Stearn Shipping
w(,)4lPaq on Wednesday, a comialittee of three directors
aPpointed to supe:rintend the winding up of the
r:lllP4''Y'S affairs. The Bosphorus, the only ship now
,tllairling in the company's hand,, to be put up to
u bile auction on the 9th of April, unless prev
lously
.&'Pos,:d cf.