The Sun.
London, England, 1857-02-27 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocir.
The Liverpool Cotton Market yesterday closed
very quietly, but very firmly, and prices of all
kinds were at the full rates current last week.
The sales were estimated at 6,000 bales. In the
Railway Share Market business was active, and
pi ices were steady, with a large amount of sales.
The first series of Colonial Wool Sales th's year
commenced yesterday afternoon, and the attend-
ance of both home and foreign buyers was very
large. Owing to the steady advance which hag
1 tte°ly t tken place in all descriptions, considerable
interest was felt in the proceedings, and the
biddings for .the quantity offered were spirited. An
advance of 21. per lb. on Cape wool, and 3d. Per
lb. on Australian, was at once establish, d and it is
fully anticipated that this improvement will 1)1
steadily supported. During the series it is exp.ecte,
that about 34,496 hales will be offered, conststie g
of 6,151 Svduey, 7,837 Victoria, 816 TaAnall't
469 Adela;de, 77 Swan River, 16,939 Cape &Oyu
Hope, and 2,2,7 East India and China.
During the last week the business transacted in
foreign and colonial produce bas not been very
in acr
tive, but prices have generally been maintaine
S.zar has ru'ed steady, but the quantity disPese
of by public auc ion has been very small. Sorge
descriptions of West India were yesterday disposed
of at a slight decline. Coffee has been in good re-
quest, especially the coloury sorts, which WTI
realised higher rates. Cocoa has been steady, en.
tea, which was rather flatter early in the week, 1:!4;
since ruled firmer. Rice has been firm a". 17.
values, and moderate purchases have been effect;
For spices there has not been much inquiry. Salt
petre and cochineal have been steady, and
is at a slight improvement.
The. Bank of France has at length made a 131°"
in a favourable direction, and there is now reason
to believe that a steady recovery in monetary affer
will be experienced. At their sitting yesterday the
directors agreed to negotiate commercial bur.,
of 90 days' date, the limit having previousU
been 75 days. The measure was pretty gene,'
rally anticipated, but at the same time it Is
one of great importance, inasmuch as it proves
a diminution of monetary pressure, and leads
to the presumption that a reduction in tile
terms of discount will soon follow, if no unfavenr
able events occur to reproduce stringency. Already
there is a disposition to enter into speculation, and
the commercial interests are looking forward with
increased confidence to the future. About 15,00
1.
in gold was withdrawn from the Bank yesterday
for transmission to the continent. The steamer
,t
Tagus, which leaves to-day for Cadiz, takes
55,0001. in bar gold.
At the meeting of the Norfolk Railway COrePsnj
to-day a dividend at the rate of 4 per cent. on the
ordinary stock was declared.
an
The meeting of the Newport, Abergavennh ,e:„
Hereford Railway Company was held to-day, "
the guaranteed dividends of 5 and 6 per cent. We
declared, and a considerable balance taken over t°
next account.
The meeting of the South Yorkshire wasaloe
held. The revenue was satisfactory, and after PsJi
ing the guaranteed dividends a surplus rernaiee
more than suffic'ent for paying 4 per cent. per an-
num on the ordinary stock of the company.
Jas
The meeting of the East Kent Railway has 3,.;rt
taken place ; Lord Sondes in the chair. The reP.;
stated that the works were progressing satisfacterlli:
The accounts showed a balance of about 13,89°
in the bands of the company.
There has been no movement of importancew
the English Stock Market to- lay, but the citorb.
tions are rather heavy. The preparations for the
settlement no doubt check fresh purchases,
the dearness of money likewise exercises a &Pr%
ing influence. Consols have been 031 and 93
for money, 931 94 and 931- for the sth priotill
and 941 4 for April account. The New 3ld
Cents. have been dealt in at 944 g, the RedecT.
at 938 to 944 and the New 24 par Cents. at 7
Exchequer Bills are par, the Bonds 98k, and Indio
Bonds under 1,0001. 2s. discount to par.
roe
Foreign Securities remain very quiet, and r
of the quotations are rather fiat. Turkish Ali
Cents. have been 951 to 96 for money, and "'i}t
for account, while the 4 per Cents. rule firelta„
101 i. Spanish Certificates have been 6f, Fe.,110,
guese 3 per Cents. 454, Russian 5 per Cents. -1- r
and Dutch 24 per Cents. 65. Peruvian P;
Cents. are marked 80i, and Guatemala Bonds 58'
The following are the nominal prices of Foreig.
Stocks :—Grenada Deferred Bonds. 64 7 ;
can, 21g. 22 ; Peruvian, 80 82 ; Ditto Three Pr.
Cents., 55 57 ; Portuguese 3 per Cents., 44 4e'
Russian 5 per Cents., 109 111 ; ditto 44 per Cent's''
97 99 ; Spanish 3 per Cents., 404 ; ditto Deferred'
24 ditto Certificates, 6i- j ; ditto passirel
si 6.
The position of the market for American Sectii
rities is thus noticed by Messrs. D. Bell, Son, le
Co. :—" There has been but little activity in 2/
market for American Securities during the ch
week, and prices are without material changes with
the exception of Illinois Central Bonds and She—'
which have further improved" :
GOVERNMENT SECURITIES.
i
1867R—ede
United States 6 per Cents.
United States 6 per Cent. Bonds 1868...105 lAN
1867-1968...105 105
Cirr