The Sun.
London, England, 1857-09-28 00:00:00

iron trade remains steady.

The advices received this morning by the steamer
a.sia, from New York, are decidedly more cheering
the panic and its effects having partially subsided.
The rates charged for discount accommodation were
atill high, ranging from 15 to 30 per cent., accord-
lug to the character of the paper, but the banks
Were strengthening their position, and there was
every probability of an early return of confidence.
The " City Banks," in the last general return,
Plowed a reduction in the amount of outstanding
leans and discounts of about 450.0007., and there
was an increase in the specie to the extent of
nearly 400,0001.
The money market remains in a very steady
Position, and notwithstanding the approach of the
4th of the month when, as usual, heavy payments
ill commercial account have fobs made, there is no
increase of pressure, and at the current charge of
5!; per cent. the best description of bills are easily
aegociated. There is a good supply, as the liberal
terms offered by the banks and discount brokers
for deposits bring a large amount of c ipital into
circulation. The activity of trade, as demonstrated
by the official returns issued on Saturday, will
explain why the inquiry is so continuous,
for although the Indian mutiny and the de-
Pression in the United States may affect
Certain departments, others improve and thus full '
elnployment is found fur available means, and an
accumulation, which would result in lower terms,
ig prevented. The high prices of the raw materials,
such as cotton, wool, and silk, also lead to a greater
absorption of cash, but all things considered, the
condi ion of our commerce with all parts of the
world, is an unqualified source of congratulation.
When 5i per cent. as the minimum had betun esta-
blished some months, people began to talk of financial
gad commercial distress, failures in rapid succession
Were predicted, and increased restrictions were
held to be imminent ; but owing to the pru-
dent policy pursued by manufacturers, retailers,
•aporters, there adverse contingencies have
tint only been averted, but trade continues
loud, and little complaint is made about nnremu-
Ilerative profits. During the next few days
the applications for discounts will no doubt become
kore numerous, because preparations for the ship-
tent of silver on the 4th, as well as the bills falling
due at the same time, will be in progress, but addi.
tional stringency is not generally apprehended.
Last week the imports of spe:io were about
201,5591., and the exports, 803,729/.
About 240,0001. in Australian gold has been re-
ceived to-day, viz., 45,0001. by the Nourmahul
from New South Wales, and 200,7841. by the
Truo Briton from Victoria.
The meeting of the London and Virginia Geld
killing Company, appointed for to day, was again
adjourned in consequence of the report not having
I arrived.

The English Funds at the commencement of
business, this morning presented a dull but steady
appearance. Soon afterwardg., a large sale of money
stock was made and a slight decline ensued, and
biuce then it has been rumoured that unfavourable
hews from India has been received and the Funds
are now nearly per cent, lower than on Saturday.
li.o'hing definite has yet trwispired, bur. official in-
formation is looked for every moment. At pre-
sent, the various statements c'rculated in Stock
Exchange circles are all more or less doubted, but
48 the tntiil is due, it is generally believed that the
Government have received their telegraphic com-
alunication. Consols for money fr,..m. 90 to 90k,
have receded to S 9. for money, while f,r th,) ac.
count, they have receded to S 9 90 ; Exchequer
1111 g are 10s. to6s.cl;scount, andthe Bonds are 981.
Business iu the Foreign Sto k market is very
inactive, and prices are fist. Mexican have de-
clined to 21i g. Spanish are 4,4, and Turkish 6
per Cents. realised at one time 94a 95, but are now
qur,ted 94a 1.

The following are the nominal prices of Foreign
toeks :—Grenada Deferred Bonds, 5i- G ; Mex:-
can, 2ti ; Peruvian 4i per Cents., 781 79i ;
ditto 3 per Cents. ;55 56 ; Portuguese 3 per Cents.,
44 45i ; Russian 5 per Cents., 109 111 ; ditto
di per Cents., 97 99 ; Spanish 3 per Cents., 40± ;
ditto Deferred, 2511 ; ditto Certlcates, 51 6 ;
ditto Passive, 516.
The Railway Share Mark,-t has been very in.
active, and prices exhibit a further downward ten.
deney. Caledonians have receded sa. Edinburgh,
Werth, and Dundee, ss. Great North( rn, 10s.
Lancashire and Yorkshire ss. Midland ss. North.
tastern, Berwick 55., and North-Eastern, York 10s.
The Foreign undertaking,, are neglected. Great
Luxembourg, Lombardo-Venetian, and Sambre
and Meuse realised former values. In the Colonial
lines prie::s were rather lower. East Indian de-
clined 153. and Grand Trunk of Canada, 10s.
Great Western of Canada were dealt in at 20i, and
the New Shares at 10i.
Mining shares are quiet, at previous values.
Joint Stock Bank and Miscellaneous Shares aro
cXceed.ingly quiet. Bank of Australasia, Bank of
Egypt, and London and County, were dealt in at
Saturday's rates.
The Miscellaneous Shares are inactive, Na-
tional Discount Company are a shade flatter, but
London General Omnibus Company and Royal
Mail Steam, maintain their values.

BuTisH FUNDS.—CLOSING PICICES --THIS DAY
(from the Official List:l
Business dere.
3 per Cent. Consols Annuities 9O 89 90 89:
India Stock
C n sols tor Account, ...
Ex.thequer Bills, '4d
1000 .
!MOD 6 10 d
Snfin •
Fxchequer Bonds, 1858, 3i per Cont.—
Ditto, 1659
PRICES OF FOREIGN FUNDS—TY IS DAY.
Cirenada New Aotive, 21 per Cent. 2l
"xican 3 per Cent 2IR 1 1
Peruvian Bonds, 4 per Cent 7S
Russian Bonds, 02'2, St., 5 por Cent —
Pitt°, 4i per Cent.
tiD With ;c)l,(iti, 3 per Cent.
Turk it,t, Bonds, r; per cent 94/ 5
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in'London.
THREE O'CLOCK.
Console, money
Consols for account, October 14

LIVERPOOL, Sept. 26.—The British and North
American Royal Mail steamship Niagara, Wyckrnan
commander, departed Bence at noon to-day for Boston,
vitt Halifax, with the usual roads and 164 passengers.
On Wednesday next the United States' mail steamship
Atlarltic Oliver Eldridge commander, will sail hence
for New York with the &c.
STATUE OF DR. BARROW.—The Marquis of Lanai
downe has given a commission to Mr. Noble, of Bru-
ton-s,reet, for a statue of the celebrated divine and
theolo.iian Dr. Barrow, to be placed in the ante-2hapel
of Trinity Colege, Cambridge, of which the d..ctor was
master. It is intended to be a coinpanion to the statues
of Bacon and Newton, which are erected there. The
model of the statue, which will be in Carrara marble, is
already nearly completed by the artist.
NEW SoIITH WALES.—PLYMOUTH, Sept. 27.—The
Nourmahal, Captain Brayley, 105 days from Sydney,
was in the Channel yesterday, and has landed a small
mail here. She is laden with wool and copper ore,
brings gold valued at about 45,0001., and 16 passengers,
including Mr. Baines, artist of the North Australian
Expedition. The Nourmahal has experienced light
winds throughout the passage. She left Sydney on the
16th of June, and rounded Cape Horn, and spoke on the
let e.f. September the True Briton, out 73 days, from
Melbourne for London, with a considerable number of
passengers ; and on the 22d of September, in lat. 47.32
N., long. 14 40 W., the bark Marworts, from Liverpool
for Rio Janeiro. The convict ship Nile, with 270 male
convicts for Fremantle, Western AustrAia, sailed from
Plymouth Sound on Wednes,!ay afternoon. The African
mail steam-ship Gambier, Commander Tutt, left for
Madeira, Sierra Leone, and the West Coast on Thurs-
day ; and the seatn-ship Vita, with passengers for
Oporto, on Friday.
ROYAL FREE HOSPITAL, GRAY'S-INN-110AD.—The
number of patients relieve d at this hospital during the
week ending Sept, 26 is 2,394, of which 750 were new
cases.