The Sun.
London, England, 1857-02-24 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.
Advices from Liverpool state that the Cotton
Market yesterday closed firmly, but quietly, and
Prices of all descriptions were without any ma-
terial alteration. The sales were estimated at
7iooo bales, of which 500 were taken on specula-
tion. The Railway Share Market manifested a
dull appearance, and prices tended downwards.
The colonial produce markets have opened rather
quietly this week, but most of the principal staples
are in good request at full rates. Holders of sugar
are firm and evince no disposition to press sales.
Tea is quiet, and the determination of Sir G. C.
Lewis not to modify his scale of duties has had
little effect on prices. The current values of most
of the other articles are maintained with firmness.
Messrs.. Smith and Charles' tallow circular, dated
last evening, states :

"Thee market opened steadily this morning at 675. for
March, and 555. for April and June. Later in the day the
market was rather easier, and left off for Y.C. for March,
665. 6d. ; April, 60s. 61 • ' April and June, 555. (buyers) ;
October and December, 535. to 535. 6d. The trade has
bought very sparingly during the past week. The price of
all other descriptions being much below that of Y.C., the
consumption is supplied from them."
There is no new feature to report in connection
with the money market. The inquiry continues
active, and there is not likely to be any relaxation
until after the 4th proximo, when a heavy mass of
commercial paper will have to be met. The
fan charge of 6 per cent. is in most cases
dencianded, but no difficulty is found in ob-
taining accommodation, the market being well
suppliod. It is still expected that an improvement
will so on take place, and even the Russian* railway
project; is not considered so discouraging a contin-
gency as at first, because the payments on account
of capital are to extend over a period of 10
years. The yearly subscription is little over
four millions sterling, which, divided among
five countries, viz,, Russia, England, France,
Rolland, and Prussia will not create such a depress-
ing-effect as manyimagine. There can be no doubt
that it will be undertaken, as the concessionaires
themselves are influential enough. to support it in
the first instance if necessary, a.nd await a favour-
able opportunity for inviting public subscription.
At the meeting of the Londonderry and Ennis-
killen. Railway Company, ;just held, a report was
read Elbowing a disposables balance of 5,5271. 15s.
Bcl., after payment of interest on Government loans
and, ordinary debentures and temporary loans,
whir& sum would be sufficient for the payment of
the 6 per Cent, on the 101. shares, and to pay a
dividend of ss. each, or 4 per Cent, per annum on
each of the original 121. 10s. preference half shares.
At the meeting of the London, Tilbury, and
Southend Railway Company, to-day, a favourable
repo-rt was read, showing a net balance of 14,9751.
12s- Bd. of receipts over expenditure during the
Year 1856, being about sufficient to meet the gua-
rant(aed interest. The Barking line was expected
to ba opened in the autumn, and would be worked
by the Eastern Counties Railway Company. The
report was adopted.
The t ransactions in the English Stock Market
have bei3n very limited, and prices remain without
the least. variation of importance. The buoyancy
of the Funds, the specie arrivals, and general
rnonetailr prospects impart strength to the mar-
ket, •but speculation for the rise is dull, and
prices are not easily influenced. Consols
for money have been 931 1, for account
93; 91-, and for April 94i tt. The New 3 per
Cents. have been marked 948 g, the Reduced 94
94i, al Id the New 2i per Cents. 78. Bank Stock
is 22C1, and India Stock 222. Exchequer Bills
are ?.,s. premium, and the advert;sed bills to be
paid. off or renewed are ls. to 2s. prem.
Foreign Securities are very inactive. Turkish
6 per Cents. are 95f being firmer ; but the 4 per
Cent s. are nominally without alteration. Portu-
gues es 3 per Cents. are 441. French 3 per Cents.
70f., with the exchange at 25f. 25c. ; and Dutch
2i por Cents. 65. • Mexican Stock is flat at 211.

The Committee of Mexican Bondholders have
received advices from Mr. Whitehead, dated Mexico
the 19th ult., from which they learn with great
regret that M. Serdo's resignation had on the 3d
ult., been definitively accepted by the President,
and on the sth had been made public. No
one has yet been named to succeed him. The
President had, however, signified to Mr. White_
head that effect would be given to the arrangement
negotiated with M. Serdo, of which the committee
expect to hear further by the direct packet due next
week. With the exception of some small amounts re-
ceived at Mazatlan, Colima, &c. (34,598), which Mr.
Whitehead himself had in hand, be feared that no
remittances were likely to come forward just at pre-
sent, in consequence of several recent aggravations
of the political condition of the country.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexi-
can, 22f ; Peruvian, 80 81 ; Ditto Three per
Cents., 55 5G ; Portuguese 3 per Cents., 41 46 ;
Russian 5 per Cents., 109 111 ; ditto 4i per Cents.,
97 99; Spanish 3 per Cents., 401 ; ditto Deferred,
2442 5 ditto Certificates, 6a. ; ditto Passive,
5i G.

The Railway Share Market has been very active,
and for almost all the principal lines higher
rates have been realised. Caledonian and
North-Western rose 55., Lancashire and York-
shire, Manchester, Sheffield, and Lincoln, Mid-
laud, North British, and South-Eastern 105., and
Great Northern and Great Western 11. Bristol
and Exeter, North-Eastern Berwick, and Oxford,
Worcester, and Wolverhampton, declined about
ss. For the Fore •gn and Colonial undertakings
higher rates were also realised. East Indian, Great
Luxembourg, and Paris and Lyons improved 55.,
and Grand Trunk of Canada and Royal Danish 10s.
Mining Shares have been very inactive, and
there is no alteration in prices to report.
In Joint Stock Baiik and Miscellaneous Shares
business has been Inactive.

Commercial of London rose ss. ; Electric Tele-
graph, NationPA Discount Company, and North of
Europe Steam realised former quotations.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(from the Official List.)
_ftnOness dote

20
20
20
25

" 1 206
100 1
100

20
17i
20
St.
20
100

Bank Stock 220
3 per vent. tieduced Annuities 94
3 per Cent. Consols Annuities
-New 3 per Cent. Annuities .......,,...•••••• 941
acew 2i per Cent. Annuities ............. 78
Loag Annuities, expire sth Jan 1860_ 2i
Ditto 30 Years exire sth Jan., 1860 2a
Ditto 30 Years, expire sth April, 1885...
222
i 29-16
India Stock . ....
Consolsz for •A.CCOnni. ......................... 94 3
Zahegner Bala
ElOOO 2id,
Ditto A:a" ...... .. «•••••••«.......•....•.. 3 p
vertised
Ditto Bonds, 1668 3 1 d 2 p
Ditto, 1859 , A per Cent 9B
L,RicEs OF
FOR, ...
Mexican 3 per Cent EIGX
FUNDS
AT
ONE
I:YeL°".
oDitto
u
.Aesceegntd;3: . ...................... ...... ............... ..
Dittc 21
, 1853, 3 per cenet.
Turki,.h Bonds, 6 per e ..
............... •••••• 414
lii_tto Account ..... ...............
i)t, tdendo on nee ........
...
..
951
French Rentes, 4i per C ..table .......
Ditto 3 per Cent. ...
Dutch Exchange, 21 per . be.uT .........
12 ...
.1)f.
OX 23f. 25c. Consols, money..._
Ditto Account .................... "?.1 O'CLOCK
Ditto April Account .......
................. 6V9041
...... ........

10
20
5
20

~~ J
___- _.~~_l-`

IRO/Ty HARDWAIIEP AND METAL TRADE PENSION' SO-
anmy.—ThiB 'society, established
10 1843 for the purpose
of. affording permanent relief to deserving and necessitous
rnembers and their widows, and which now numbers 25
imen and 40 women pensioners, at the average
;annual cost of 1,2751. 153., held its first annual ball
under the patronage of
last night at Willis's Rooms,
his Gracs the Duke of Norfolk, Sce. The v)al and
energy of the merAbers of the &wit., in The
the
interests of the institution, may be inferred from
the fact that neatly 400 ladies and gentlemen were pre.
sent. E. Laurent's band was in attendance, and the whole
proceedings were carried out satisfactorily to the nume-
rous visitors, and realisiog a considerable accession to
the (awls of the institution.