The Sun.
London, England, 1857-04-17 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Letters from Liverpool state that the Cotton
Market yesterday closed rather firmer, and a better
business was done. The sales amounted to 7,000
bales, 3,000 of which were taken for export and
on speculation. The Railway Share Market was
steady, and prices remained without any alteration
from those current on Wednesday.
The Foreign and Colonial Produce Markets during
the week have been rather dull, owing to th e season of
the year and the depression which naturally re-
sults from the disturbance in monetary affairs.
Some articles, however, have been in good demand,
and the aggregate transactions have been quite as
extensive as could have been expected. Sugar has
met with a good inquiry at full rates. Colory
plantation coffee has declined is. per cwt., but other
kinds have remained steady. In tea a fair amount
of business is reported, common con7ou being
ls. to Is. old. per lb. Rice is dull, saltpetre quiet,
and cocoa a trifle cheaper. In spices very little
has been done at late rates. Tallow is inactive.
The specie, &T., received by the Atrato, just ar-
rived from the West Indies, is as subjoined :

Silver .
Gold and Dust
Plata, Pina, and Bruta
Pearls

$242,643
443,158
38,975
5,000

Total 5729,776
The Panama, for the West Indies, which leaves
to-day, takes out 60,3001. in specie—viz., 44,300/.
in gold, and 16,0001. in silver.
The dollars brought by the last Mexican packet
have been sold at id. decline—namely, at 600.
per ounce.

At the half-yearly meeting of the Commercial
Gas Company, held to-day, a dividend at the rate
of 6 per cent. per annum was declared.
The opinions expressed in the leading journal
relative to the position and prospects of the Money
Market have been discussed in City circles to-day ;
and it is almost unnecessary to remark that they
are in some respects considered erroneous. One
statement especially is objected to, viz., that the
financial pressure in Paris has been mitigated by
the investments made in Rentea and Railway
Shares by English capitalists, because it is known
that the amount of such securities held here is very
small. The purchases on English account have been
limited, and quite insufficient to reawaken confi-
dence or diminish the depression at Paris.
With regard to our own. Money Market there
is certainly little prospect of its early amelio-
ration, as numerous circumstances continue to
divert capital from its legitimate channels. Be-
sides this our note circulation is not sufficiently
large, too great a desire exists to promote joint-
stock enterprise at home and abroad, and there are
.17°4113' minor influences which militate against au
Improvement. The general demand for money to-
day is very active at full rates.
The Funds opened flatly, but despite the gloomy
'laws indulged by many, they are now firmer, and
the tendency is more favourable. Speculation
continues dull, as a desire exists to ascertain
Whether the efflux of gold will recommence, and if
80, whether on a large scale. Consols have been
924, 921 93, and 924 for money ; while for ac-
count the business is recorded at 934 The
present values are respectively 93 to 931 and 93,1 a.
The New Threes are 9492. The Reduced 914 1.
The March Exchequer Bills 6s. to 4s. discount,
and the June ditto 10s. discount.

A. very few bargains have been concluded in the
Foreign Market. Turkish 6 per Cents, have been
941- Sardinian 5 per Cents. 901, and Danish 5
per Cents. 101. This was all the business which
took place up to 1 o'clock, and since then the mar-
ket has remained dull.

The following are the nominal prices of Foreign
Stocks :•—Grenada Deferred Bonds, 6 7 ; Alegi an,
231 ; Peruvian 4.11 per Cents., 76 78 ; do. 3 per
Cents., 54 6 ; Portuguese 3 per Cents., 441 ; Rus-
-B!an 5 per Cents., 104 6 ; ditto 41 per Cents., 95 7 ;
Spanish 3 per Cents., 41 4 ; ditto Deferred, 241 51-;
ditto Certificates, 6 ; ditto Passive, 5i 6.
Messrs. D. Bell, Son, and Co. state that there
18 no change to notice in th 3 market for Ame-
rican Securities. Business continues inactive, and
Prices remain stationary