The Sun.
London, England, 1857-05-25 00:00:00

IVI ONEY MARKET

AND

COMMERCIAL INTELLIGENCE.
CITY, Two O'CLOCK.
t Letters from Liverpool state that the Cotton
Market on Saturday closed quietly but firmly,
and prices were unchanged for all descriptions.
The sales were 6,000 bales. The Railway Share
Market was dull, and prices were slightly easier.
The condition of trade in the manufacturing dis-
tricts of the North of England exhibits no symptoms
(4 improvement. The high prices of the raw mate-
lials Combined with the dearness of money—two
unfavourable influences we have often had to re-
fmark upon—check production and limit the demand
or consumption. It is stated that weaving esta-
blishments in Manchester and Salford are on
"short time," and in many other districts the ex-
-411:13.1e will be immediately followed, while in Preston
a 'Env of the largest concerns are closed. This must have
le'dremely prejudicial effect upon trade, and also
upon the social condition of the operatives. Fail-
Urea are of frequent occurrence, three having been
announced last week, the principal of which was
that of Messrs. Wolstencroft and Co., of Middle-
i°ll, with liabilities of about 25,0001. At Hudders-
eld Messrs. Hastings Brothers have stopped for
about 11,0001., and within the last few days Mr.
alter Lodge, of the same place, has succumbed.
These circumstances are very irreconcileable with
the statements so freely propagated, especially by
the
Advocates of the Bank Charter Act, as to the
anundness and prosperity of trade.
c Notwithstanding the disappointment lately
thallsed by the augmented export demand for silver,
n 0, general, prospects of the Money Market are
flaa., unfavourable, and it is sincerely hoped for the
f `,•e of trade, and the prevention of commercial
naw-lres, that they will soon afford some substantial
rapid of improvement. Any sudden change or
the
amelioration cannot be anticipated, but as
anu inquiry for discounts has abated, and there is
absence of undue speculation in most depart-
ents, some relaxation in the terms of discount
may soon take place. Extensive supplies of gold
and silver are en route, and as a contradiction is
Fiven to the rumours that the Bank of France
intends Purchasing a large quantity of the
former, of the
- it is thought that a further addi
tiou
of strength may be acquired by the Bank
I)cEngland, the weekly returns from which esta-
'ishment show a steady and satisfactory improve-
11111t. The general state of the weather exerts a
beneficial influence, and the progress of the silk and
ereal crops throughout Europe is of such an en•
e<niraging nature, that an average yield of all the
Principal staples is predicted. These circumstances
4 course tend to promote confidence, but the ex-
lerience of the last few years has taught most
ex*)ns interested in monetary affairs not to
lace too much faith in favourable indications,
ceause there are so many contingencies which may
,
y time occur to prevent an anticipated amend-
nest,

Ile movement of the precious metals last week
I'4 important. The imports were about 600,0001.,
xid the exports 752,0001.
The steamer Africa, from the United Stases,
b therings Indus, and 2,8571. from the same place by
141hambra.
At the adjourned meeting of the European Steam
avigation Company, held to-day, the resolutions
f
the last meeting were confirmed. R. W. Craw-
)rd'e, M.P., took the chair. There being a
:""11°Y for one director, Mr. Margetson was re-
alnended to the board for that office. It was
tl'
:,a4.,ett.ib the
deetnhattakaebnoualtre3a,dsyoo. of the Preference Shares
annual meeting this day of the Oriental
;:ialK Corporation, the report of the Directors,
°wing a net profit for the year of 163,3621., was
?led, and a dividend at the rate of 10 per cent.
annum, together with a bonus of 2 per cent.
1r
r the six. months ending 31st of December last,
'as carried. A vote of thanks was passed to the
)irectors.
At the commencement of business on the Stock
Change this morning more firmness was visible,
at the fact of 100,0001. in sovereigns having been
exit to the Brazils, and of 70,0001. to the Cape,
fterwards induced a few sales, and, as a con-
tquence, renewed weakness is apparent. Since i-
hen the Greeks have sold to some extent,
ad the market is now very heavy. Busi-
est is generally very dull, and the public show
0 disposition to invest. Consols have been 93i
money, and 93,1 to 94 for account. They are 1
94 and 931, respectively. The New Three
'er Cents are 92g 1, and the Reduced 921. The
Exchequer Bills are 4s. to Gs. premium, and
he Government broker has made a further pin-
s° of 30,0001. The Bonds are 98i to 99
.Bank Stock is 2131, and India ditto 220.
In
ta,. the Foreign Market several transactions have
en p
Iklace, and generally at previous prices. t;
Turkish 6 per Cents. have been 941- and they
are llnovi 94 to 941. The 4 per Cents. are marked
pefs• Spanish 3 per Cents. are 411 ; and the t
be,. erred
,A 25h ; Sardinian, 92 ; Mexican, 224,
,sing lower ; Belgian per Cents., 97, and the 4
Per
Th Cents., 97 to 972.
following are the nominal prices of Foreign
Stockst; Peruvian
Deferred Bonds, 617 ; Mexie 1.11,
22
t; Peruvian 41 per Cents., 77 78 ; ditto 3 per 1.
53 55 ; Portuguese 3 per Cents., 45 61 ;
astian 5 per Cants., 105 107 ; ditto 43/4 per
cents., 96 98 ; Spanish 3 per Cents., 41i ; ditto
.wive,
251 ; ditto Certificates, 61 ditto
51 1.
htile Railway Share Market has exhibited symp-
aB °f improvement, and most of the leading lines
sebrene,n dealt in at a slight advance upon previ,ais
4te ratitms. Lancashire and Yorkshire, North-
South-Western, North British, North-
tern, York, and South-Eastern, have advanced
t 8
; Midland 7s. 6d. to 108. ; and Caledonian,
Manchester, Sheffield, and Lincoln, and North-
-443M (B:rwick) 10s. The French and Canadian
lines are extremely quiet, at previous rates. Grand
Trunk of Canada, East Indian, and Paris and
"'leans were dealt in at former values. Namur
and Liege, and Sambre and Meuse were a shade

Mining Shares are in very limited request.
great South Tolgus are dealt in at 19. North
Wheal Bassett 20k. Wheal Elward. 51, and
United Mexican 3i. _ _

Joint-stock Bank Shares rule inactive, but at
7ther firmer rates. London Joint Stock improved
• ; Ottoman Bank, ss. ; and Unity Mutual, 1/.
to 2/.

The Miscellaneous Market exhibits no variation
111 Prices, a very limited business having beendone.

BRITISH FUNDS.—CLOSING PRICES —THIS DAY.
( From the Offictal List:)
Business done.
attuu k stock
o n. - 921 $
3 `",.:T Cent. Reduced Annuities
/IP" Cent. Consols Annuities , 93 i
evf 3 92$ A
/ ~ • per Cent. Annuities '
NA Stock
COI",
'ls for Account ..
Et 1, ..•. •
March. 1 June.
-c-ecitter Bills, 24d.
QI000
Pitts Advertised I3 p I -
DIU() Bonds, 1858, 36 per Cent. .........
Ditto, 1859
?RACES OF FOREIGN FUNDS—THIS DAY.
tra,,,,
•,,7',Lan 5 per Cent.
),1,3"1.tt° Account
T‘i!eail 3 per Cent 224
~ Ditto Acconnt
1,-elivian Bonds, 41 per Cent 76.?,:
Tpijiittgtittoes:B3s6B,on3dpse,rsCpenetr Cent., Con. 1841 —l2llttoto
418e5c30n, n3tper Cent.
46
bitto Account
;Brdl'lnini
irt,... . 451
a::::,Bnodnsd,
01,8, 22, E, St., 5 per Cent —
, 4i per Cent. 961
92
Patith Rona; 3 spepr
ceCnotn. t.
41i
~, Ditto New Deferred, 3 Per Ceu-•
411.1 kith Bands, 6per cent
Ditto Account P 94+ i -1
Ditto Guaranteed, 4 per Cent.
,t, wenn 0,, *ale above payable In L. ).‘ —n.
re i.
illnitetuoße3
pernte se,
Cent 69f.
Cent.
It'
91f. cx 25f. 30c
69f. 25c. ex 25f. 30c
_.p,ivtatno, 24 per Cent., ex. 25 francs —
4i per Cent.. ex. 25 francs
4kteil Exchange, 21 per Cent., 12 Guilders
Ditto 4 per Cent. Certificates

Consols money
Ditto, Acoountgune 4) 7HREE O'CLOCK.
[l3l
Vii