The Sun.
London, England, 1857-04-09 00:00:00

F"'"4 177:
'OUT 7-Y-r

AND
COillyrm,o,TAL INTELLIGENCE.

CITY, Two o'CLocit.
Advices from Liverpool state that the Cotton
Market yesterday closed quietly but steadily, and
prices were without alteration. The sales were
'6,000 bales, 500 of which were taken for export
and about the same quantity for speculation. The
Railway Share Market was quiet, and prices
slightly declined.
The subjoined information relative to the tea
trade is • extracted from Messrs. ,Layton, Hulbert,
and Co.'s circular :—" Since the 25th ultimo the
market has continued inactive. The trade have
been entirely occupied with their clearings, many
of the dealers refusing to look at samples. The
delivery of tea under the new fluty of is. sd. per
lb. commenced on the 6th,t and the customs paid
at this port already amount to about 350,0001.
The clearances are expected to continue throughout
the present week on a moat extensive scale. So
soon as the dealers are relieved from this pressure
we look again for more activity of demand.
During the past fortnight common congcu
has declined to the extent of Id. per lb., it
/laving been sold as low as 111 d. per lb. This fall
was attributable to the rumour that was telegraphed
here from Malta on the 28th of the overture on the
Part of the Emperor of China to make peace with
.the English: The letters subsequently delivered
not having confirmed the statement the market has
Educe rallied, and common congou is now worth
la. od. per lb , with no sellers. Other kinds of
black tea are unchanged ; prices, however, must be
considered somewhat nominal. Souchong is more
,saleable than it was, and some recently arrived parcels
nave been selling as high as 2s. sd. and 2s. 6d. per
lb. Flowery Pekoe continues scarce. There is no
change in Scented Teas or Oolongs. Greens are
moving off slowly, at high prices. The export de-
• Eland for Hyson, under 25., still continues, but
grades above this price are difficult of sale. Canton
sorts remain as before. There was a small sale
held on the 31st; the Assam sold with spirit at
full prices ; the China production was mostly
bought in. The total stock in the United King-
dom, on the Ist of April, is estimated at
91,434,000 lbs.
The Nimroud has arrived from New South
Wales with advices to the 6th January. She is
not supposed to have any gold on board. The
'Tura from Alexandria is announced off Hurit
Castle with the remaining portion of the Australian
mails for Simla.
The general meeting of the Great Western Rail-
way of Canada was held to-day; It. Gill, Esq., in
the chair. The report has already been alluded to
in the various journals. It may suffice to say
that the gross revenue of the half-year was
393,880/. 125., being an increase over the corn-
aPonding half-year of 62,1181. 15s. 81. The
net earnings for the half-year, after all deductions,
were 134,8131. 2s. 7d. currency, out of which a div.,
at the rate of 9 per cent, per annum, was now re-
commended. After this distribution a surplus of
4;575/. would remain fer next account. The Chair-
man said the late fearful accident had arisen from
an axle of the truck of the engine having suddenly
broken -
; and that the average earnings of the line
were now 20,0001. weekly currency. The report
Was adopted after some discussion.
Although the present position of monetary affairs
is very unsettled, the late restrictions have for
a time proved successful, and the Directois at
their
meeting to-day adopted no fresh measure.
A fear had been pretty generally expressed thattbe
minimum for discounts would be carried to 7 per
cent., but the influx of gold into the establishment
during the last day or two, and the less extensive
operations in silver have rendered that movement
unnecessary. It is yet, however, too' early
to estimate the probable effect of the
precautions lately taken, and we notice as an un-
favourable feature that some of the Continental
Money markets are not improving so rapidly as
recently reported. Indeed at Paris, Leipsic,
and one or two other cities the markets are
tighter, and this must not be omitted from
consideration. A great deal will depend upon
the Australian supplies, and there is reason
to believe that these will exert a very beneficial
influence. In the meantime, however, full rates
are paid for discounts, trade is repressed, and all
interests are effected. The next return published
by the Bank of England is expected to show some
very discouraging features, which will fully account
for the restrictive policy lately pursued by the
Directors.

A large business is recorded in the English Stock
Market, but speculation in Consols continues
limited. At first prices drooped, owing to the
uncertainty felt regarding the course which
the Bank would pursue. Confidence, how-
ever, increased, and when it became known
that no alteration in the Bank rate had oc-
curred, an improvement of R per cent. took place.
Consols have been 92, y 9211 for transfer ; for
account, 92/ 93. The present values are 9.24" and
93 to ± respectively. The new Threes have been
largely dealt in at prices varying from 911 to
91a, and the Reduced are 91A- to 94. Bank
Stock is 216 to 218, and India Stock 2241. The
March Exchequer Bills are 2s. premium, the
June ditto 6s. to 2s. discount, and. the Bonds
3.
8
In'the Foreign Market the transac.Vons have not
been large. Turkish 6 per Cents. have improved
t° 96* 97. Spanish 3 per Cents., however, are
heavy at 41 ; the Deferred, 24i ; and the Certifi-
cates, 6A : Portuguese 3 per Cents. are 45 ; Dutch
2i per Cent 9.; 64i 65 ; and the 4 per Cents., 96i•.
The following are the nominal prices of Foreign
Stocks :-Grenada Deferred Bonds, 61 7 ; Mexi-
n, 23 I; Peruvian, 76 8 ; do. 3 per Cents.,
t 4 6 ; Portuguese 3 per Cents., 44,i 5 ; Russian 5
per Cents., 104 6 ; ditto 42 per Cents., 95 7 ;
Spanish 3 per Cents., 41 414 ; ditto Deferred, 242-
25 ; ditto Certificates, 6# 6 ; ditto Passive, 51 6.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1857. 1856.
Great Western £25,992 £24,779
North-Western
gouth Western
Brighton
Midland
Sonth-Eastern 15,162 16,151
Caledonian
Great Northern
Lancashire and Yorkshire
Bristol and Exeter 5,966 6,223
Chester and Holyhead
East Lancashire 5,092 5,415
Manchester, Sheffield, and Lincoln 9,214 8,738 '
North Stafford ' 6,979 7,180
North London
Oxford, Worcester, and Wolverh 3,841 3,345
Edinburgh and Glasgow
Glasgow and South-Western
Scottish North-Eastern
Grand Trunk of Canada
Great Western of Canada... 10,297 12,623
northern of France 38,085 32,774
The Railway Share Market has been rather
active this morning, but prices in the majority
of instances show a slight decline upon the
official rates of yesterday. Caledonian and
Great Western have receded 7s. 6d. to 10s.
Lancashire and Yorkshire, North British, North-
Eastern (Berwick), North - Eastern York Sc.,
Great Northern and North-Western 10s., and
South-Eastern 15s. Grand Trunk of Canada ruled
rather firmer, being 60i 61, and. Great-Western of
. Canada and East Indian brought yesterday's rates.
a‘Torthern of France were steady, and Southern of
France declined 10s.
In Mining Shares no business of any importance
has been reported. Cobre Copper brought 61 to
62, and United Mexican receded to 31
Joint Stock Bank Shares have been exceedingly
dull ' • London' and Westminster declined 59.
In the Miscellaneous Shares there is very little
change to report. Australian Agricultfiral, Crystal
Palace, and Peninsular and Oriental Steam realised
yesterday's rates.

BRITISH FUNDS.—CLOSING PRICES —THIS DAY.
( _From the Officzal List:)
it,,,nre• done
Bank Stock 217 1R 16
3 ner Cent. Reduced Annuities
3 per Cont. Consols Annuities 921 A
New 3 per Cent. Annuities 9l4lifnli
Lowry 4nnuities, expire sth Jan. 1860...
Ditto 30 Years, expire sth Jan., 1869 2,1
Ditto 30 Years, expire sth April, 1885 l7 15-16
India Stock
india Bonds, £lOOO
Ditto, under £lOOO 1 d par
Consols /or Account .. 93 24 3h
Exchequer Bills, lid. March. I June.
£lOOO . 2 p 2d

£5OO

9ma.11 — I 2 d
•
Ditto Bonds, 1358, 3i per Cent.
Ditto, 1859
PRICES OF FOREIGN FUNDS—THIS DAY.
Kilian Bonds, 6 per Cent lOll 21 x d
Grenada New Active, 24. per Cent.
Peruvian Bonds, 41 per Cent 774
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent. 45
Spanish Bowls, 3 per Cent.
Dltc New Deferred, 3 per t.:eh•.
Ditto Account ......................
Spanish Committee Cert. of Coup. not fun. 6?-
,
Turk,ho Ponds, 6 per cent .........
Ditto Account
Ditto Guaranteed, 4 per Cent.
ot,loenqs on ~•,ht,l in n.
Dutch Exchangt:., 21 per Cer,:;., Guild.ers 65 4i bh
Ditto 4 per Cent. Certificates
THREE O'CLOCK.

f.„ Consols, money 92
:2; Ditto, Account (May 7)