The Sun.
London, England, 1857-09-18 00:00:00

MOwi v
" DI A TK, Er

AND
c 0 MIER CI AL INTELLIGENCE.

CITY, Two o'CLocK.

Letters from Liverpool mention that the Cotton
Market yesterday closed quietly, and prices were
fully supported. The sales were est' mated at
7,000 bales, 500 of which were taken by the ex-
Porters. The Railway Share Market closed with a
less animated appearance, and prices have slightly
declined.

A moderate demand has prevailed this week for
most descriptions of Foreign and Colonial produce,
and steady prices have generally been realised.
Sugar has met with an active inquiry, and the quo-
tatiens have slightly tended upwardg. Coffee has
realised an advance of 6d. per cwt., tea is at full
values, and rice is dull, owing to the enhanced
terms asked by the importers. Saltpetre is firmer
in consequence of the news, from India, cotton re-
mains steady, and tallow is at a slight decline. In
apices a fair number of purchases have been made,
but no important variation can be announced.
Although the decline in the value pf stocks and
shares in the New York Money Market continued
at the latest date, the panic feeling which recently
prevailed among the business community appears
to have subsided, and as no further failures had
occurred, it is expected that affairs will
soon assume a tranquil aspect. A further
depression in value is not improbable, and
discount accommodation may remain dear,
but no general mercantile distress is predicted.
The collapse just experienced was not altogether
unexpected, the inflation in prices having been too
rapid to prove substantial,. but the excitement
Which is inseparable from a state of panic always
leads to unnecessary alarm and the circulation of
extreme opinions. The North Star has brought
$lOO,OOO fu. Have and $50,000 for England, not-
withstanding the low rate of exchange.
The Calcutta despatches enable us to form a com-
parison of the rates of exchange, with thOse received
by the previous mail. It will be observed by the
following comparative table that the tendency both
in India and China is decidedly favourable, but
notwithstanding this the shipments by the Ripon
which leaves next Sunday will probably amount to
700,000/. of which about half is intended for Hong
Kong and Shanghai.
Last mail. Present mail.
At Calcutta 2s. lied. to 2s. 21d. 21d id.
At Bombay 2s. Od. to 2s. 0 5-1 G ... 2s. 10. 13-16
At Hong Kong 4s. 1111 to 53. Od. ... 4s. 1131.
At Shanghai 7s. 2,1 d. to 7s. 3.1 d. 7a. ld :
The Funds have been further depressed bSr the
additional intelligence receivei from India. A
decline of per cent. took place immediately after
tile commencement of business; owing to a few spe-
culative sale 3, and since then little variation has
bean recorded. The marke t may be said to be in a veil*
languid condition, and while it derives no perceptible
benefit from any favourable symptom' in money or.
Politics, discouraging indications, on the contrary,
cause increased heaviness. Consols for money have
been 89T; 90, and for acoount 901 They are
bow 90 to 901 respectively. Bank Stock for ac-
count is 2184 ; Exchequer Bills are ls. lower, viz.,
88. to 4s. discount, and the Bonds 981,

Foreign Securities are very inactive, and the
operations have scarcely extended to half-a-dozen
investments. Turkish 6 per Cents. are marked 95
for money and 94 1 for account.. The present
Price is 94a Spanish Deferred are 255, and
Dutch 4 per Cents. 100.
The following are the nominal prices of Foreign
Stocks :—Grenada New Deferred, 51 61 ; Meg-
Can, 211 ; Peruvian 45 per Cents., 79 80 ;
ditto 3 per Cents., 55 56; Pottuguese 3 per Cents.,
45 46 ; Russian 5 per Cents., 109 111 ; ditt)
CI per Cents., 97 99 ; Spanish 3 per Cents., 40
405 ; ditto New Deferred, 25i Y ; ditio Certificates,
61 6 ; ditto Passive, 51 6.

Messrs. D. Bell, Son and Co., give the following
as the prices of American securVies

GOVERNMENT SECURITIES.
Redeemable. Per Cent.
United States 6 per Cents. 1867-1868...101 105
united States 6 per Cent. Bonds 1563...104 105