The Sun.
London, England, 1857-02-25 00:00:00

MONEY MARKET

AND

CITY, Two O'CLOCK.
The Liverpool Cotton Market yesterday closed 32
very quietly, and prices were without any ma- 513
terial change. The sales were estimated at ~,
4,000 bales, 1,000 of which were taken on specula- St.
tion. The Railway Share Market manifested a very active aspect, and prices have advanced.2s2s
Acccounts from the manufacturing districts state
St.that business in Manchester is very quiet-, and st.
prices, in some instances, are alleged to be unre- st.
munerative to the producers. The late lailures 60
20 among the Greeks have occasioned some uneasiness,
20
but more transactions have taken place than, under E
the circumstances, might have been expected. In
50
Leeds the purchases have also been limited, but 25
this chiefly arises from the desire to await the result 7*
of the London wool sales, which commence to- st.
morrow. The hosiery trade of Leicester is dull, tt-
but in cotton goods a fair business is reported. A
25
further improvement is recorded in the lace trade St.
of Nottingham, the home and foreign demand hav- 28
ing increased. 1
st.
The dividend declared by the General Steam
Navigation Company is 14s. per share, which is st
io
equal to 10 per cent. per annum. In addition to St.
this a bonus of 2s. 6d. per share, free of income isot
tax, is announced.
st.
In the rates of Continental Exchange, yesterday s -
afternoon, there was a general improvement. st.
As the 4th of the month approaches the inquiry st.
for discount accommodation increases, and no fur-
ther symptoms of relief are likely to be felt until so
after that period. The amount of bills arriving at NI
maturity in March is usually very heavy, as
in many cases they complete the engagements of 16,
the old year, and it is only natural, therefore, that ;)
full rates should now be current. This morning
the inquiry was very brisk, and only in special in-
sst.
stances is discount accommodation obtainable under 20
the Bank minimum. Besides the pressure occasioned 10
by the preparations for these ,liabilities, the pur-
chases of gold for transmission to the Continent 25
produce some effect, as the whole of the remittance 24
per the Ocean Chief has thus been absorbed. The 10
arrangement of the Foreign Stock and Railway 10
Share accounts now in progress also contributes to
the general demand, and on the Stock Exchange
very high rates are paid for loans, as much as 10 to
20 per Cent, being charged for " carrying over."
The following important meetings have taken
place this morning :—The Southampton Doak Com-
pany, at which a dividend at the rate of 4 per
cent. per annum was declared; the gross earnings
of the year had exceeded 1855 by 1,737/. 18s. 11d.
The dividend at the Submarine Telegraph Com-
pany to-day was at the rate of 7 per cent. per an-
num, taken from a surplus profit of the half-
year of 2,9761. 7s. 2d. The North Devon
Railway Company, at which a dividend of
per cent. per annum on the ordinary
stock, 2i per cent. on B stock, and 61. per cent. on
preference stock shares, were declared. The traffio
was increasing satisfactorily.
The annual meeting of the English, Scottish, and
Australian Bank was also held to-day ;C. John-
ston, Esq., in tha chair. The meeting was on the
whole favourable, and showed a net divisible balance
of 17,9351. Bs. Bd., from which a dividend at the
rate of 5 per cent. per annum was made; 1,440/. taken
to preliminary expenses, and 4,0151. carried to the
reserve fund. The dividend would take 12,5001.
off the amount. A short discussion ensued, when
the dividendand report were agreed to unanimously.
A heavytone pervades the English Stock Market,
although the prices generally show continued firm-
ness. The tendency to improve is checked by the
near approach of the settlement, which deters par-
ties from entering into large operations. Besides
this the dealers are interested in preventing a rise,
and supply the market with stock to a large extent.
Consols have been 931 for money, 931 94 for
the sth proximo, and 941 # for April. The New
3, per Cents. have been 941 e, the Reduced 93i
943/4, and the New 2i per Cents. 78. Exchequer
Bills Are 38. premium, and the Bonds 98k 1-
Dank Stock is 22U.
In the Foreign Market very few dealings have
taken place, but the prices are generally steady.
Turkish 6 per Cents. are 95k, and the " contsngo"
is ,1, per Cent. ; the 4 per Cents, are 1011 0. Spanish
Deferred were 24i. Venezuela 37. Russian 6i
per Cents. 974 to 981, and Portuguese 3 per Cents. 18
441. Dutch 4 per Cents. are firm at 98i.
The following are the nominal prices of Foreign 18
21N
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexi- igo
can, 22 k ; Peruvian, 80 81 ; Ditto Three per 100
Cents., 55 56 ; Portuguese 3 per Cents., 44 46 ; 100
Russian 5 per Cents., 109 111 ; ditto 4i per Cents., E
97 99 ; Spanish 3 per Cents., 401 ; ditto Deferred, 20
24i 5 ; ditto Certificates, 63/4 7 ; ditto Passive, 20.
6.

20
50
20
10

In active business has been done in Railway St.
Shares this morning, and prices generally still tend 12g
upwards. The settlement of the accounts, however,
100
has occupied a good deal of the attention of the 20
dealers and speculators, this being " making-up St.
day" in the market, and the charge for continua- 100
tion to the next accounts rules rather heavy. Cale- E
donian have advanced 2/. ; Eastern Counties, ss. ; 20i
Edinburgh, Perth, and Dundee, 10s. to 15s. ; iggi
Great Northern, 2/. ; Lancashire and York-
too
shire, 15s. ; Brighton, 15s. ; Man cb es- 100
ter, Sheffield, and Lincoln, 10s. ; Midland, 100
10s. ; Norfolk, 1/. ; North British, 1/. ; North 20
Eastern, Berwick, ss. ; and South Eastern, ss. to
10s. The French lines have ruled rather lower.
Paris and Lyons declined ss. to 10s. ; and North-
ern of France, ss. Great Western of Canada im-
proved ss. ; and East Indian ruled-steady.
No business of any importance has, been done in
Mining Shares. Par Consols realised 23k, South
Caradoc 340 and St. John del Roy 20.
Joint Stock Bank and Miscellaneous Shares have
been dull, with little alteration in prices to notice.
Union of Australia declined 55., and Peninsular
and Oriental Steam 11.

Business has been done in the shares of the Cali-
fornia Water Works Company at f and g prem.
per sb are.

BRITISH FUNDS.—CLOSING PRICES—THIS DAY.
(.From the Official Listi)

Sank Stock
220
3 per Cent. Reduced Annuities 94 3i 4,3/4 3
per Cont.-Consols Annuities 9:35
New 3 per Cent. Annuities 944
New 24 per Cent. Annuities
Long Annuities, expire sth Jan. 1860 2/
Ditto 30 Years, expire sth April, 1885 lB5
India Bonds, 4:1001 SOO
Ditto, under £lOOO 2 d
Consols 'or Account ...... .. 94
Exchequer Bills, 24d..
ElOOO ......... ...
Arran . ..-
. .
Ditto Advertised 2 d
Ditto Bonds, 1858, 34 per Cont. .
Ditto, 1359
PRICES OF FOREIGN FUNDS—THIS DAY.
Anstean Bonds, 5 per Cent.
viexican 3 per Cent 2ll I
Peruvian Bonds 44 per Cent . .••
Ditto Account
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cot 441 I
Ditto 1856, 3 per Cont.
itussian Bonds, 1822, E St., 5 per Cent ...-
Ditto, 44 per Cent.
Sardinian Bonds, 5 per Cent.
Spanish Bonds, 3 per Cent.
Ditto New Deferred, 3 por Con'.
Spanish Committee Cert. of Coup. not fun (,R i p c
Turkihh Bonds, 6 per cent
Ditto Account (March 17) .. 9O i 6
Ditto Guaranteed. I por Cent.
Venezuela Bonds, 44 per Cent
Ditto Deferred, 11 per Cent. . ....
..1 ..ten,i, ') it. above *lmb/a in Lonncb.
Belgian, 24 per Cent., ex. 25 francs
Ditto 44 per Cent.. ex. 25 francs
Dutch Exchange, 24 per Cent., 12 Gu11... ___
Ditto 4 por Cent. Certificates . 98
Consols, money. THREE O'CLOCK.
............................. 93
Ditto, Account (March 5 ............... 931 4

10
20
20
20

100
100
20
20
20
50
100
50
MANSION-HousE.--Yesterday the Lord Mayor and 100100
the Lady Mayoress entertained at dinner the Master,
20
Wardens, and Court of Assistants of the Fruiterers' 50
Company ; the Wardens and Court of Assistants of the 20
Bowyers' Company (of which the Lord Mayor is master); 25
the Master and Wardens of the Loriners' Company ; 20
the members of the Court of Common Councl, of the 100
wards of Tower, Aldersgate, Aldgate Bassishaw, Bil - 10
'inmate, Vintry, and Waibrook, and their ladies, as 25
well as a number of private friends. Covers were laid
in the Egyptian-hall for 180. The musical arrangements 25
were under the direction of Mr. Bates, assisted by Mrs. 50
Alfred Gilbert and Mies Cole, Messrs. Cummings, Tay- 100
lor, and lame;
100

COMMERCIAL INTELLIGENCE, I Cr,