The Sun.
London, England, 1857-03-30 00:00:00

gild.gt-Y MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocrs.
Letters from Liverpool state that the Cotton
Market, on Saturday, closed quietly, and prices
were without any material alteration. The sales
amounted to 4,000 bales, 1,500 of which were taken
on speculation and for export. The Railway Share
market exhibited a quiet appearance, at pres:ous
quotations. From the other manufacturing towns
in the north-western districts the advices repre-
sent trade as being very dull, as most persons
have been engaged in electioneering proceedings.
Previous prices are maintained, but the purchases
are much contracted. As soon as the excitement is
over and money becomes rather easier some revival
of business may be expected.
The accounts from the Unitsd. States, per
steamer Persia, describe the cotton market at New
York as being dull, but as the receipts ha.d fallen off
holders were firm.
The money market remained yes./ stringent,
and speculative securities tended downwards.
Advices from California state that the exports of
specie from San Francisco, from Jan. 1 to Feb. 20,
amounted to 4,946,069, while the imports during
the same period were 687,911 dollars, chiefly in
Over for Mexico for transshipment to China.
The demand for discount accommodation, al-
though very active, both in Lombard-street and at
the Bank of England, is not larger than might
have been expected from the preparations mak-
ing for the engagements due on the 4th
proximo, when, as usual, a considerable amount
of capital will be distributed. This, combined
with the requirements of those engaged in specie
operations, causes increased stringency for a time,
but soon, after that date some relief will no doubt
be felt, although any decided improvement at pre-
sent cannot be predicted. It is supposed
that the Colombo, which leaves Southampton
on the 6th for India and China, will take
out 600,000/. or 700,0001. in specie, and hence the
drain of gold from the Bank during the last few
days, as in the absence of Australian remittances,
that was the only source from whence the re-
quisite supplies could be obtained. On Sa-
turday about 40,090/. was withdrawn, but
owing to the influx of coin into the establishment,
and the vessels which are now due from the anti-
podes, there is no uneasiness felt with respect to
the maintenance of the aggregate stock of
bullion at its present point. Besides the re-
ceipts which may be calculated upon during
the next few days from Australia, La Plata,
from Mexico, will be due on Wednesday, and a
large silver freight is anticipated. Last week the
arrivals of precious metals represented 217,188/.,
while the shipments were about 103,0451.
No improvement is reported in the rates of ex-
change at Bombay and Calcutta, and the silver
market is therefore firmer.
There was a meeting of the Turkish Gas Company
to-day. The report stated that the directors in-
tended to renew negotiations, in the hope of a
favourable concession from the Turkish Govern-
ment. Out of the deposit of 2s. 6d. per share
about is. per share had been expended, leaving
5,5001. to continue operations.
At the annual meeting of the British American
Land Company, to-day, no dividend was declared,
owing to the lands not being disposed of sufficiently.
It was recommended to wait for further remittances
instead of touching on the Reserve Fund. The
report was adopted.
Although the business recorded in the English
Stock Market is limited, increased firmness has
become apparent in consequence of the prospect of
political affairs soon assuming a more settled posi-
tion. Besides this the news from Persia and
China are favourable, and exercise some influence
on values. On the other hand, however, the de-
mand
for money and the drain of gold still in-
duce caution, and the speculators abstain from
entering into extensive engagements. The rise in
prices is about./ per cent. Consols have been 93i
for money, 932 t for April 8, and 94j for May.
East India Bonds are dis., the March .
Ex-
chequer Bills is. dis. to 3s. prem., and the June
ditto ss. to is. discount. 1
Very few fresh dealings are recorded in the
Foreign Market, but a slight improvement may be iT
noticed in prices. Turkish 6 per Cents., how- 1
for money, and 991 1
ever, remain heavy at 97i It
2
for account. Spanish 3 per Cents are 411, and
the Committee's Certificates 61. Mexican are 22,1 ll'
to 23, Dutch 4 per Cents. 94, and Buenos
10
Ayres 85. 2
The following are the nominal prices of Foreign 2
Stocks :—Grenada Deferred Bonds, 61 7 ; Mexi- 2
2
can, 22i 3 ; Peruvian 41 per Cents., 77 9 ; do. 3
per Cents., 55 7 ; Portuguese 3 per Cents., 441 51 ; 2
Russian 5 per Cents., 106 8 ; do. 4i per Cents.,
96 8 ; Spanish 3 per Cents., 41 1 ; ditto De- to
ferred, 25 ; ditto Certificates, 6 ; ditto 10
2
Passive, 51 6.
The Railway Share Market this morning as st. 100
all
been rather active, but the chief business trans- 12°130 all
acted has been in connection with the usual settle- 20 4
ment of the half-monthly account. Most of the 20 all
8
leading lines have been at enhanced values. 100 all
Caledonian have improved about 10s. ; Eastern 100 all
all
Counties, ss. ; Great Western, ss. ; Lancashire and 12 all
Yorkshire, ss. to 10s. ; Brighton, ss. ; North-
Western, 1/. ; South-Western, ss. ; Manchester,
Sheffield, and Lincoln, 10s. to 15s. ; North-Eastern
(Berwick), 10s. to 15s. ; and South-Eastern, 15s.
In the Foreign and Colonial Lines, business has been
rather inactive, but Paris and Lyons have advanced
55., Sambre and Meuse 55., and Southern of
France ss. Grand Trunk of Canada have been
very buoyant, and have improved fully 1/. to 2/.,
and Great Western have receded about ss. to 10s.

20
20
10
St.

Mining Shares are very inactive, Great Wheal
Vor are dealt in at 6i 1, and Brazilian Imperial
at
Joint-Stock Bank and Miscellaneous Shares
show no important alteration. Bank of Austra-
lasia have receded about 10s. London and West-
minster ss. Royal Mail Steam Shares have im-
proved 15s.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Of c? 41 List:)
Anminosb Sore
3 per Cent. Console Annuities 93
loom Bonds, £lOOO
Ditto, under 21000 1 d
Consols for Account .. 93'1
Exchequer Bills, 24d March. 1 June.
£lOOO ........
Ebdo — I--

Small — par
pfUOES OF FOREIGN FUNDS AT ONE O'OLt.),' K.
Brazilian Bonds, 5 per Cent.
Ditto New, 1852, 44 per Cent.
Buenos Ayres Bonds, 6 per Cent. B5
Mexican 3 per Cent 221 a
Ditto Account
Spanish Bouo4, :3 per e'en
SPl•niail Committees ert. of Coup. not fun 64
Turkith Bonds 6 p cent ..
Ditto Account ....................... .
..11 .rend, 0. .r.e shove 's,tiable IT, Lore, n.
Dutch Exchange, 2' per Celt', 12 Guilders
Ditto 4 per Cent.-Certificates
.. ................... 1.:1].V. O. O'CLOCK.
Consols, money
.. 91 I
Ditto for account ........................... 931 i

CHINA EXPEDITION.
--1 t is reported that the trans.
ports taken up for the
conveyance of troops have been
countermanded. Major• General Van Straubenjee, C. 8.,
and C-lonel Wetherall, c.p.
, who were respectively to
have been brigadier and quartermaster-general are still
in Dublin.

TAB NEW SPEAKER OF TAB MUSE OF COMMONS.
—lt was currently reported during last week in the
several political clubs that the Right Bon. M. T. Baines,
and not the Right Hon. Henry Fitzroy, will be
proposed
as the new Speaker of the House of Commons by the
Ministerial party ; and that the Right non. spencer
waTpoi.. it sail, will be proposed by the 0P position.
The Cologne Gazette, under date of Vienna, 23d,
says :—" The statement that the construction of
the railway from Novara to Milan has been sus-
pended from political motives, is completely un-
founded. It is said, on the contrary, that, not-
withstanding the rupture of diplomatic relations,
both it and the other international works will not
xperience any interruption."
The Vienna Gazette states that the Emperor, in
tsn autogragph letter announcing to Count Frede-
rick de Thou his removal from his functions of ad
Was to the civil administration of the Lombardo-
Venetian kingdom, expresses his high satisfaction
t the great services rendered to the crown by the
count in the above capacity,

all
10
1100
1100

2sqd
lOs

RI all

40
25
100
40

50
100
100
20