The Sun.
London, England, 1857-12-28 00:00:00

tiIoNEY MARKET

AID
COMMERCIAL INTELLIGENCE,

CITY, Two o'CLocK.

Advices from the manufacturing districts this
morning, notice little change in the general state
of trade.

Gold continues to accumulate very rapidly at the
Bank of England. On Saturday there was a
further addition of 84,0001., and since Wednesday,
when the bullion stood at 10,735,2811. an important
increase has taken place. Judging from present
appearances there seems a probability of a glut of
specie, the imports from America and Australia
being considerable, while the exports are
comparatively limited. Several vessels are
now overdue from the antipodes with remit-
tances representing a large total, and from
the United States we shall no doubt receive sup-
plies by every regular communication. The latest
advices indicated this, the exchange being high,
and the Banks having resumed payments in specie,
of which there was an excessive stock. It is stated
that the New York city banks never held such
an immense quantity of the precious metals, and
as commercial intercourse between the two coun-
tries is renewed, the exports of geld will be aug-
mented. Meanwhile, our shipments to all
quarters have decreased. At Hamburg, the
crisis has ceased, and symptoms of recovery are
apparent. The shipments of silver thalers—which
have not been so long as anticipated—have been
arrested, and money has descended from 9 per
cent. to which it was at one period forced, to about
6 and 5 per cent. Remittances to France are also
suspended, the Bank there no longer finding it
necessary to purchase gold at a premium ; and as
the requirements for export to the East are lessen-
ed, very little is now sent to the Continent for the
purpose of procuring silver. With a continuance
of the present movement, the imports being largely
in txcoss of the exports, there can be no doubt
that the stock of bullion in the Threadneedle-street
vaults will soon reach a very extensive figure.
During the week ending Thursday last the ex-
ports of the precious metals from London direct
comprised 10,132 oz. silver coin to Hamburg,
and 1,000 oz. to Rotterdam, besides 37,078 oz. in
silver bars to the former city.
The general situation of the Money Market re-
mains without any important change, but the ten-
dency is still in the direction of increased ease.
There is an impression, which is justified by pass-
ing events, that a further reduction in the mini-
mum will take place in a few weeks. The resources
of the Bank of England are getting stronger
every day, and the Reserve of Notes, and the
Bullion, if they continue to increase at the present
rate, will soon justify another modification. The
measure adopted by the Joint-stock Banks testifies
to the easier state of things ; 6 per cent. being their
present allowance for deposits on call. This will
soon be followed by the negotiation of the best
qualities of commercial paper at 7 per cent., and
relief afforded those having outstanding contracts
to complete is already admitted. Although it has
come too late to the majority of embarrassed firms,
many will no doubt be extlicated from temporary
difficulties by the increased facilities already afforded;
while a farther alleviation, and the adjustment of
the minimum at a reasonable point, must ulti-
mately initiate a revival in commercial enterprise.
There is continued buoyancy in the market for
Public Securities, and a moderate amount of busi-
ness has been recorded at an advance of nearly
per cent. The satisfactory prospects of the Money
Market, together with the continued influx of
gold at the Bank, have induced fresh buyers to
come forward, although the approach of the settle-
ment, viz., on the 7th proximo, restrains many
who would otherwise effect purchases. Consols
have been 931 and are now 934 The New 3
per Cents, have risen to 931 94, and the Reduced
931 T. Exchequer Bills are ls. premium, the
Boads 98, and India Bonds 20s. discount.
In the Foreign Market the operations have only
extended to a few securities, which are generally
at higher quotations. Turkish 6 per Cents. have
been dealt in at 961 97, and 971, the latest value
being 97 98. The 4 per Cents. are marked 104.
Russian 5 per Cent.. have risco% to 1117 and 108 ;
Ditto 41 par Cents. to 971 981. Mexican are 19&,
and Venezuela 31 to 311. _

_
A rather active business has been done in the
Railway Share Market this morning, and prices in
most instances have advanced about I to 1 per
cent. on previous rates, viz, Great Western, Cale-
donian, Great Northern, Brighton and South
Eastern. The Foreign lines are steady, and the
Colonial undertakings are iu request at improved
quotations. East Indian have improved 10s. to
155., and the new undertakings are buoyant.
Mines, Bank, and Miscellaneous Shares are in
moderate request, at about previous rates.

BRITISH FUNDS THIS DA.? AT ONE O'CLOCK.
(From the 014341 List:)
Basinesidone.
3 per Cont. Reduced Annuities ............... 93$ i i
3 per Cent. Consols Annuities ....... . ....... Shut
New 3 per Cent. Annuities... ... 931 4
[Ala Bonds, £lOOO
Ditto, under under £lOOO ........................... 20 d
Col sole for Account ...... ...... ........... 93,i
Exchequer Bills, 2tcl
£lOOO ........... -........ .................... 1 . p
.....
c0tiU.........................................
8 :mil
•••••••
gxchequer Bonds, 1858, 34 per Cent....
Oitto, 1859 ................... •••••• ..... 98
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Bra ziaau 5 per Cent. ............. ............ 981
Buenos Ayres Bonds, 6 per
Cent. .••• . ..... 92
Mexican 3 per Cent ..............................
Ditto Account ............... . . ......... ... 19i
Pcrtug-,uese Bonds, 5 per Cent. ..... 1841 --
Ditto 18b3, 3 per Cent .....•, i
1............... 44i
Russian Bonds,
--22, i-:, St. 5 per Cent.... 108 7
Ditto, 4i per Cent. ........, . .. ............... 974 84
..
Rardipian Bonds, 5 per Cent.
.. ........ ..... 85A
Turkish Bonds, 6 per cent .....................
Ditto Account ........ . . ........... 96a 47i 7
Dividends on the above
Ditto Gul.ranteed, 4 Pe; . bi,i'it': ............ llni
Venezuela Bonds, 4i per Cent ...............
Ditto Account ............. ...... ............ 31 i
Dutch Exchange, 2{ per Cent , 12 Guilders
Do. 4 per Cent. I.;'ertifteates ............. 98i
•T WO O'CLOCK.
payable in London.
Consols for account ........................ 93" X d