The Sun.
London, England, 1857-07-16 00:00:00

11 0 Y 1.4-( Tr T

AND
C 0 IMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Accounts from Liverpool state that the Cotton
Market ye terday manift wed a very animated ap-
peaiance, and prices of most descriptions were id.
per lb. dearer. The sales ware estimated at 10,000
bales, 2,000 of which were taken on speculation
and for export. The Railway Share Market closed
quietly yet steady, and a slight improvement was
experienced.

,Accor ling to the official returns just issued, it
appears that the state of trade in France continues
active, and the revenues derivable from theimports
and exports are in most r. spects satisfac,ory. The
import duties during the past six months produced
526,017,000 francs against 499,732,000 francs in
1856, and 442,962,000 francs in 1855.
The demand for silver con inues active, and the
quotations are firmer. It is now stated that the
IbiPments to the East next week will exceed half a
Mullen sterling, and the bullion brokers are busily
occupied in making the necessary arrangements.
The price of bars has advanced to ss. lid. per
ounce standard.

A further sum of 120,0001. in Californian and
Australian gold was taken into the Bank yester-
day, and the immense purchases made by the
authorities during the last few days must have
caused a material augmentation in the stock of the
precious metals. At present there is a very limited
Continental demand, but as the inquiry for silver
has revived, it is probable that some large remit-
tances will b 3 sent to France and other places for
the purpose of obtaining supplies of that metal.
The amount of specie brought by the steamer
Medway from the Brazils is 70,3001.
At the half-yearly meeting to-day of the London
Joint Stock Bank, a report was presented stating
the half years' net profit for the past six months
was 76,7471. 10z. 3d., which enabled the directors
to declare a dividend at the rate of 12i per cent.
per annum, and a bonus of 10s. per share, leaving
a balance of 9,2161. 193. 3d. The report was
adopted.

/ALTERATION IN THE BANK RATE-6e
1144, V.l DISCOUNT.
Ilkahe Directors of the Bank of England have at
at lebgth modified their terms of discount, and the
minimum now stands at 54 per cent. This mea-
sure was forced upon them by the abundant
Supply of cspital in the open market, and
reduced rates at which accommodation could be
obtained there. Of course few persons would go
to the Bank and pay 6 per cent., when they could
obtain the assistance they required in Lombard-
street at si, and thus the discount business of that
e----statilishment, during the last few days, has
almost ceased. A considerable improvement must
have taken place in the various items of the Bank
accounts since the last were published, and there is
reason to belevo that a further decline in the charge
for accommodation will soon take place. Already the
discountfirms have lowered their terms, and since the
directors separated first-class bills, have been dis-
counted in the general market at 51 per cent.
While the supply incteases, and the dem ind is re-
stricted, the tendPn cy must necessarily be in afavour-
able direction. This alteration will no doubt induce
many persons having money deposited "on call"
With the Joint-Stock and other establishments to
Withdraw it, the allowance for the use of such capi-
tal being now under 5 per cent. The presump-
tion therefore is, that investments in the Funds
and other Securities will become more numerous.

The market for the Engli-h Funds opened firmly,
but they have not been much benefited by the re-
duction of the Bank rate. Indeed, a decided fall
has occurred, and the market is exceedingly de-
pressed, owing to large sales.
Consols have been 91i if, and 911 I. For the ac-
count the quotations have been 914 Z., and 9H
Their are now 91 to 911, and 911 g respectively
The New Threes have been 91/ and 911 ;
the Reduced 911, I, ; Exchequer Bills 4s. dis to
par. ditto Bonds, 1859, 983. India Stock is 2121
16, and ditto Bonds 10s. discount.

The following are the nominal prices of Foreign
B„t°6"l:—Grenada Deferred Bonds, 6 61 ; Mesiow,
2 ; Peruvian, 80 82 ; ditto 3 per Cents., 54
56 ; Portuguese 3 per Cents., 44i 5 ; Russian 5
per Cents., 109 111; ditto 41 per Cents., 96 98 ;
Spanish 3 per Cents., 40 ; ditto Deferred, 25 ;
ditto Certificates, 5 ; ditto Pas•dve, 5i 2.•
Foreign Stocks have been rather active. Turkish
3 per Cents, depressed, being 93i to 95 The 4 per
Cents. Guaranteed are 1021 I. Dutch 2i per
Cents. 64 ; Russian 6i per Cents., 97 to 98. Peru-
vian, 80i ; and Mexican, 22.
The last week's railway receipts, ascertained up
to this day, are in round figures as under

107. 1856. 1 i
Great Western £31,043 .£29.194 S
North-Western
Brighton 15.591 16 514 If
Midland
South-Eastern
Caledonian
Great Northern
1(
Lancashire and Yorkshire 26,329 25,324 ,
Birkenhead
Bri3tol and Exeter 6,744 6,858
Chester and Holyhead
. .
East Lancashire 7 426 7,463 11
Landon General Omnibus Company 12,917 - 11
Lancaster and Carlisle 6.774 6,472 I
Manchester, Sheffield, and Lincoln 10,322 9,301 1
North-Eastern
-.... 34,973 33,091
North Stafford
North London
Oxford, Worcester, and Wolver 4,604 3,723
'Ulster 1.454 1,436
Edinburgh and Glasgow
Glasgow and South Western
Grand Trunk of Canada
Great Western of Canada 9.479 10.006
Northern of France
Business in the Railway Share Market has been
very inactive, but the few transactions re-
ported have been at rather enhanced values.
Eastern Counties, Manchester, Sheffield, and
Lincoln„ Midland, North-Eastern (Berwick),
and Oxford, Worcester, and Wolverhampton, have
advanced about 55., and Lancashire and Yorkshire,
78. 6d. ; South Western, and one or two others,
remained at about former values. The dealings
in the Foreign and Colonial lines are extremely
limited, Northern of France improved about ss.
Grand Trunk of Canada declined 10s., and Great
Indian Peninsula, and Great Western of Canada
were idea iy.

Mining shares show very little variation in value.
Great Wheal Alfred have declined to 7g. to 52. and
North Wheal Bassett to 14.
In Joint Stock Bank and Miscellaneous Shares
only two or three dealings have taken place. London
Joint Stock are rather firmer. Ottoman Bank
receded about 53., and Electric Telegraph are
dealt in at N.

BRITISH FUNDS.—CLOSING PRICES —THIS DAY,
r 491 9 ( From the OffiesalList;)

ea *.71"-- f-77= ...-.....
- nnsineas done.
3 Jer . :eat. Reduced Annuities oli i i
3 per Cant. Console Annuities 9l3HWiti
N,,'7 3 per Cent. Annuities 9liigiAgA
Log Annuities, expire sth •lan. 1860
Ditto 30 Years, expire sth Jan., 1865 21
Ditto 30 Years, expire sth April, 1885 lB 1-16
India Stock
14 ~, ,sonds, .1:10u0 .. ...
ms,-,1, ?r, 1 e•eroirit
Ai 'ran for-Operine• 9la yi
ILlMaqaer 131[1,, z Id.
4534 .r;0
'' : 160. par 4 d par
!-I-71 hall ..... ~... .... .. par 4 p
kl htto Roods, 1358, Ri per Cent. ... - -1
lia Ditto, 1859
•
''PRICES OF FOREIGN FUNDS—THIS DAY.
Pnenos IYres Bonds, 6 per Cent. B4l
Chilian Bonds, 6 per Cent. lO2
Mexican 3 per f 'ent
Pernvien Bowls, 41 per Cent --
Ditto Account
Porturruese Bonds, 5 per Cent., Con. 1841 --
Ditto 1853, : per Cent
Russian Bonds, 1n22, t!, St., 5 per Cent —
Ditto, 44 per Cent.
Ditto Small
SP‘ThEh itowis, 3 per (lent. ..
7, -io, oernra9-te., C-,t,. of C,rp. nlt fun. 5i
ttrkinh Bonds, 6 per cent.... 9H i
0 •tto A.e,ouut,
I Ditto Grta,ranteed, 1 per Cent.
Ditto Account .
Dividends on the above payable in Lonicn.
Dutch Exchange, 21 per Ceto., 12 Guilders 64
THREE O'CLOCK,
rlanAfpla, money
0 ;gaols for account, Aug. 6 9li 1

40