The Sun.
London, England, 1857-03-28 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two-o'CLocK.
Accounts from Manchester describe business us
being interrupted by the elections, and in most of
the other manufacturing towns politics are also en-
grossing chief attention.
The Bank of England weekly Return is com-
pleted to the 21st inst., and in some respects is of
an encouraging character. It is true there has been
an increase in " other securities," with a slight
diminution in the notes unemployed ; but these
movements are partially explained by the advances
which are usually obtained at this period in antici-
pation of the dividends. When these are distributed
a large quantity of these loans will be paid off, and
a proportionate decline in the private securities will,
no doubt, take place. The private deposits are larger,
and the public deposits are now nearly nine mil-
lions, so that the Chancellor will have ample funds
at his command to discharge the obligations of the
_ _

State which become due at the end of the quarter.
Notwithstanding the extensive drain of gold from
the establishment, there is a slight increase in the
bullion, showing that money is flowing into Thread-
needle-street from various parts of the United King-
dom, and perhaps also from Constantinople. The
principal items, and the changes they present, are
as subjoined :
Active Circulation
Increase
Bullion
Increase
Rest

£18,584,440
67,075
10,322,297
24,632
3,813,985
Increase
Public Deposits
Increase
Other Deposits
Increase , 103,988
Seven-Day and other Bills 680,966
Decrease
Government Securities
Decrease
Other Securities
Increase
Notes unemployed
Decrease

The official return of the exports of the precious
metals from the port of London for the week end-
ing Thursday last is as follows :
Gold Coin ... Hamburg ... 2,200 Ozs;and4,sool.
, „ ... Boulogne ...25,000 Ozs.
'Sil'ver Coin ... Mauritius ... 2,500 Ozs.

The general demand for money is maintained,
end full rates are current. Until the 4th proximo
has passed no relief need be looked for, as the com-
Inercial payments which have then to be made are
of an extensive character.

In Public Securities the transactions have been
very limited, but increased firmness has been
caused by the China news and the general com-
plexion of the Bank statement. As might be ex-
pected the election checks speculative activity,
the only department in which there is any
animation being that for Shares, where the
arrangement of the account has commenced.
Consols have been 931 g for money, 931 for April
8, and 941 for May. India Bonds are ss. dis.,
the March Exchequer Bills ls. dis. to 4s. prem.,
the Juno ditto ss. dis., and the Bonds are 98i I.
• Foreign Stocks are chiefly influenced by the
▪ Battlement, but prices tend upwards. Turkish 6
per Cents. have been 985 1 for money, and 991
and 98/ for April 15. The 4 per Cents. are marked
101, Russian 45 per Cents. 96, Belgian 41 per
Cents. 55, and Dutch 4 per Cents. 99 to
99f. Mexican Stock is flat, being 221
Since the above was written Turkish 6 per Cents.
have declined 4to per cent., viz., to 97/ and
98k, owing to an unfavourable rumour in Connec-
tion with the new State Bank of Turkey.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexi-
can, 221 3 ; Peruvian 45 per Cents., 77 9 ; do. 3
per Cents., 55 7 ; Portuguese 3 per Cents., 441 51 ;
Russian 5 per Cents., 106 8 ; do. 44 per Cents.,
96 8 ; Spanish 3 per Cents., 41 4 ; ditto De-
ferred, 25 I ; ditto Certificates, flg. ; ditto
Passive, 55 6.
An upward tendency in prices has been exhi-
bited in the Railway Share Market this morning,
and a moderate business has been done. The chief
of the transactions, however, have had reference to
the settlement of the half-monthly account on the 31st
inst. Brighton, Manchester, Sheffield, and Lincoln
midland, North-Eastern (Berwick), and Ea,teri;
Counties rose ss. Caledonian, Great Northern,
Great Western, Lancashire and Yorkshire, North-
Western, North-Eastern, York, and South-
Eastern 10s., and South-Western and Norfolk 15s.
to IL The French and Canadian lines have
fully maintained previous rates. Northern of
France advanced 55., and Southern of France rea-
lised a slight improvement.
In Mining Shares no business calling for a report
has been transacted.
Joint Stock Bank Shares have been exceedingly
quiet, and generally at lower rates. Bank of Egypt
have receded ss. ; London and County, ss.
Miscellaneous Shares have exhibited no change
of importance.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List:)
Bnsiaess done
3 per Cent. Consols Annuities ....... ..•••••• 93i i
India Bonds, £lOOO
Consols for Account ... .. 93 1
~
Exchequer Bills, 24d. • March.
£lOOO . . 4 p 1 d
£5OO —
Small • —
98
Ditto Bonds, 1658, 34 per Cent. .. i
Ditto, 1859
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK,
Brazilian Bonds, 5 per Cent. lO2
Mexican 3 per Cent 221 1 1
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent. 45 i
Russian Bonds, les2l, t St., 5 per Cent —
Ditto, 44 per Cent. 96
Turkish Bonds, 6 per cent.
Ditto Account
Ditto Guaranteed, 4 per Cent. ......
Dividends on the above payable in Londr.n.
Austrian Bonds, 10 Guil., 5 por Cent., £ 81?-,
Belgian, 24 per Cent., ex. 25 francs 55
Ditto 44 per Cent.. ex. 25 francs
Dutch Exchange, 2: per Cen., 12 Guilders --
Ditto 4 per Cent. Certificates
TWO O'CLOCK.
Consols, money 93; 5
Ditto for account

June.

REPORT ON SCOTCH PRISONS.—The 22d Report of
the Prison Inspectors of Great Britain is exclusively de-
voted to Scotland. The separate reports show that the
prisons of Scotland generally, no less than those of
the border English counties annexed to the district,are in
good order and under excellent management ; the only
marked exception being the borough gaol of New-
castle-on-Tyne, which is in no respect improved.
The general health of the district has been most
satisfactory throughout the past year, and the inspec-
tor has every reason to be satisfied with the system of
discipline in operation in the prisons of Scotland. The
experience of some years shows that crank labour under
judicious rules, may be worked with perfect safety,
and the inspector holds it to be the most productive
labour, to which a convicted prisoner can be subjected,
as being that which will prevent him, on his release,
resuming his old employments. The use of the
" guard bed," too, is found to have a most deterring
effect, without in the slightest degree injuring the pri-
soners' health ; and many of the governors of Scotch pri--
sons are anxious to have the use of the bed extended
- from one to two months after conviction, in the belief
that nothing is so likely to induce a thief to consider the
propriety of resuming an honest life as an extended use
. of such beds. It is thought that the deterring system
as carried out in this district might be extended with
advantage to the public, and ultimate benefit to the
criminal. Little advantage is taken in Scotland of
Mr. Dunlop's (Reformatory) Act, for, up to the 31st
of December last, not 10 children in all had been com-
mitted to reformatories, although there are nine of
these useful institutions in the Scotch district, The
inspector, Sir J. Kincaid, adheres to his opinion that
the ticket-of-leave system " will never answer in this
country." The details of the report on the borough gad
of Newcastle will probably induce the interference of
the Secretary of State. That prison is to be considered
rather as " a nursery for crime than for the correction
of criminals." It is a very den of vice, but the inspector
does not know who is responsible for suffering things to
remain so year after year. The reformatories have
not been as yet long enough in operation to allow any
opinion to by formed respecting them,
VANDALISM AT DOVER.—The Saxon Church up on the
heights of Dover is about to be pulled down to make
way for some building for which, by the knowledge,
onsent, and order of the Government, a contract has
been taken. Really some inquiry should be made before
this venerable structure be destroyed, in order to stop,
if possible, so sacrilegious an act.
EXTENSIVE BIIRGLARY.—On Thursday last or early
on the following morning, the residence of E. Thernp.
eon, Esq., Dromenagh, Iver-heath, Bucks, was burgla.
riously entered, and numerous articles, in gold and
silver, stolen, including 10 guineas, 10 half-guineas,
eight gold seven-shilling pieces, silver snuff-boxes, silver
table spoons, silver cups, silver articles for the breakfast
and dinner table, gold box, 4%0.

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18
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