The Sun.
London, England, 1857-08-01 00:00:00

PH.

MONEY

MARKET

P. ND

CODTIVIERCIAL I:;TELLIGENCE.

CITY, Two O'CLOCK.
The-. Liverpool Cotton market yesterday closed
firmly. The sales were estimated at 8,000 bales,
1,400 of which were taken for export and on specu-
lation. In the Railway Share market there was
110 material alteration.
The Bank of England weekly return made up to
the 25th ult, is quite as satisfactory as was antici-
Paed, but there is reason to believe that its suc-
cessor will be much less favourable. The bullion
has been materially reduced, and owing to the con-
tinued withdrawals a further important diminution
has occurred since the date of this statement. The
reserve of notes has been strengthened, and there is
decline in the other securities, but during the
last few days a very active demand for money has
sprung up, and an unfavourable turn may also
have taken place in these departments. Unless
some of the gold due from Australia soon makes its
4PPearanee, and presuming that the efflux will
remain unchecked, it is feared that the direcors
/tall again be conapJled to resort to measures of
restriction. The principal items and the changes
ikeY present are as subjoined :
Active Circulation
Decrease
Bullion
Decrease

. £19,577.395
400,605
11,672 978
167,674
3,503,739
9,032
4,219,872

Rest

Increase
Public Deposits

Increase
Other Deposits
Decrease
,Seven-Da y and other Bills 747,119
Decrease CJ • 37,200
Government Securities

No alteration
Other Securities
Decrease
Notes unemployed
Increase
The official return of the exports of the precious
nretals from the port of London for the week
ending Thursday last is as follows :
Gold Coin ... Belgium •-• 60 °"•
ft ... Boulogne .•• 80 „
Bars ... Boulogne ... 20,000 ,s"
••• Belgium 800 „ •••
Silver Coin ... Boulogne ... 400 ~
Belgium ••• 400 ~
:.. Canaries ... 2,000 ~
/ IP
The Lightning has arrived from Australia
with 32,866 ounces of gold valued at about
131,5001. Any supply at this moment, when there
such a rapid drain from the Bank is acceptable,
and if the Great Britain is soon announced, the
seduction in the Bullion may be temporarily
"Treated. Yesterday a further amount of about
10,000 k was sent away.

„ ,r

Owing to the specie operations on the Continent
the exchanges are unfavourably influenced, and
Yesterday a further slight decline took place.
A complete change has taken place in the market
for English Securities, the closing of Bear accounts
having caused a rebound in prices of about A per
cent. amidst considerable excitement. The move-
Merit is solely attributed to these operations,
although the revived rumour that Delhi has suc-
cumbed, has had. an auxiliary influence. Symp-
tcmis of a rally were visible yesterday,
but they have been further developed to-
-41137. Consols for transfer have been 901 and
90i 91. These were also the quotations for
the 6th proximo, while fey September the price is
about per cent higher. The New. 3 per Cents,
are 91a, and the Reduced 91,1. Exchequer Bills
are 24. to is. dis., the Bonds 98E, and India Bonds
208. dis. India Stock is 214.
in the Foreign Market, which is generally
finer, the principal feature has been the advance
Turkish 6 per Cents., which are now about 95
"(:' 954. The 4 per Cents. are 100 to 1001 ex-
dividend. Buenos Ayres 6 per Cents. are 84,
lloerican 3 per Cents. 22R, Russian 4A per Cents.
a Sardinian 5 per Cents. 89, Spanish Certi-
Aeates 5E and Dutch 4 per Cents. 98.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bouct,, 6 63/4 ; Mexican,
221 ; Peruvian, 80 82 ; Portuguese 3 per Cents.,
441 53/4 ; Russian 5 per Cents., 110 12 ; ditto 4i
Per Cents., 97 99 • Spanish 3 per Cents., 39/ 40i ;
ditto Deferred, 24 25i ; ditto Certificates, 51 ;
ditto Passive, 51 I.
There was averylimited business transacted in

the Railway Share Market, but in most instances
a further improvement of about to A per cent.
took place. Great Western, Lancashire and
Yorkshire and North-Western advanced 5.. ;
and Midland and Norfolk, 10s. ; Caledonian,
however declined 10s., and North Eastern, York,
613• ; Noah Western, Manchester, Sheffield, and
Lincoln, and South Eastern brought yesterday's
quotations. No business was transacted in the
French lines, and prices are nominally unaltered •
last Indian advanced about 10s., and Grand Trunk
and Greit Western of Canada brought previous
rates.

, Mining abates were rather firmer, but the deal-
lags were not extensive.
Joint-Stock Bank and Miscellaneous shares have
been very quiet, and show no variation requiting
epacial comment.

I ttITISH FUNDS.—CLOSING PRICES —THIS DAY.
(From the Official List:)
Buses dere.
$ VAT Cent. Reduced Annuitioc
1 Per Ctnt. Censoln Anr.nitto eQ ? 1
Oew 3 per Cent. Annuities 9l 90ii- 11
India Stock
e,
f., ,i k howls. .4:lotJu
..,)1 sots fer Account
Xichegnor Dills, 20.
tltko
sloe, ........ ,
11. in I d
4-- en .......
...
....
Pubequer Bonds, 1858, 3i per Cent 9BA
rRICES OF FOREIGN FUNDS—THIS DAY.
bnenos Ayres Bonds, 6 per Cent. B4
OrvitQre_Tettdaoan 3
p
New Active, 21 per Cent. -
D''reeir—
Ti 6
Cent
Ditto Account
*Asian Bonds, In?, i! St., 5 per Cent....
Ditto, 4i per Cent.
Ihrdiuian Bonds, 5 per Cent.
PlPmaiith CI mraittee Cert. of Copp. not fun. 5
Tnrkith ;sonde, 6pa cant -
Ditto Account 94; 51
phi* Guaranteed, 4 per Cent.
Dividends on the above payable jr Ll.a:;Ln.
"C ils::i•ange, 26 per Cent., 12 Cuilders
Ls, 4per Cent. Certificates
TWO O'CLOCK.
Corecir.money
Csusols for Account
Claim's for account, September 9li 4

TRU PRBRTIGE OF EUROPEANS IN INDIA.—AS no man
ie a hero with his valet, so we may expect the natives,
when they become more familiar with us, to cease to
regard us as demigods ; and the prestige which the
European now bears, and which has hitherto been in-
valuable to him, will be lowered in the native mind.
Already is this efiect visible in cur large towns on the
frequented highways. The natives of the city of Bom-
bay are not, in the same degree as the up-country
stations, respectful to the lords of India. The more
unsophisticated the people of a district are, in so much
more awe is the European character ineld, and with so
much more respect are the Sahib log treated. In the
rural districts every European gentleman is, in
the oyes of the population, one of the governors of
the country. They have but an indistinct notion
of the difference of grades amongst us, from the
Governor down to the ensign They know we are
of the same caste, for we eat together—deeper into our
social scale they cannot go. Every one who has travelled
much in India must have become sensible of the fact we
have just stated, and from our own personal experience
vve could give many example. But one may be suffi-
cient for our purpose. We recollect as a su.
on a
baltern
routem ak
ine a night journey of seventy or eighty miles
seldom travelled by Europeans, and we foundng, jae
obteatdo
men of each village ready as we passed alo
present addresses, as is the custom of mayors and pro-
vosts when the Queen is on a progress, but to maee
their salant, and ascertain that the bullocks, torches and
whatever we wanted, were approved of. These men re•
mained out of bed—many of them nearly the whole night
—merely to do us honour. But again we have travelled
along the high road of the same district, and have been
very differently treated. Neither for love nor money
would the
.villages give us the the least assistance, even
when in difficulties from the state of the roads and the
searon of the year.—Praser's Magazine for August.
TEES SCARCITY OF PAPER.—It was stated in May
last that the paper manufacturers of Nestphalia
and the Rhenish provinces in Prussia had agreed
to increase the price of paper 10 15, or 20
per cent , according to way. The paper manu-
facturers of Nerthern Germany, at a meeting hell at
Stettin, and those of Southern Germany, at one held at
Frankforlkhave since resolved to adoptthesame augmen
Winn, and the measurehas caused general dissatisfaction
in Germany, in which, from the immense number of
books, newspapers, and periodicals published, the
demand for paper is so very great. Although paper
has increased in value throughout Europe owing to the
scareity of rags, the etep taken by the German paper.
makers is regarded as unjust, inasmuch ae they have
long been doubly protected, first by a tax of from 60 to
1000 per cent, ad valorem, on all rags exported ; and
next, by ono of about 30 per cent. on all paper im-
ported,