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

MON-LY MARKET

AND
COMMERCI INTELLIGKACF.

CITY, Two O'CLOCK.

The Liverpool Cotton Market exhibit,.d a firm
appearance yesterday, and last week's rates were
fully maintained. The sales were estimated ar
7,000 bale=, 1,500 of which were tiken by the ex-
porters. The Railway Share Market closed quietly,

and prices were a shade easier.
The advices from New York by the steamer
Canada, which brings abut 266,0001. in specie,
state that the prospects of the cotton crop are not
yet clearly ascertained, but it is expected that the
final delivery will he delayed. The following re-
marks upon the subject aro from the New York
Herald :

" The prospect of the growing crop is considered at
this period of more moment as affecting value, than the
delivery into the ports of a few thousand bales more or
less of the present one. The complai,ts of its back ward•
tress continue, and it is o: stain that some parties attach
considerable importance to it as affecting the final clf -
I;very, rind all as- unie that we cannot receive any
amount wits in the present crop season, as was at one
period calculated on as a certainty by many. The
accounts of jury to the crop are so often fabri-
cated and magnified by interested 1 r.rties to accom-
plish their ends, and we have been so often deceived
by believing them true of a district or State, whereas
they were only true of a few farms in a particul r sec-
tion, that we have been, up to this date, indisposed to en-
dorse them. We have endeavoured to obtain from all
sources opinions on this point to date, and find the
majority to incline to three weeks backwardness on the
average of seasons. It would not necessarily follow that
the crop would be either a short or a late one, as the
weather may yet be so propitious as to bring it up, and
the planting has been an unusually large one. Public
sentiment continues to favour a delivery of under
3,000,000 bales for the present crop."
There was a special meeting this day of the Lon-
donderry and Enniskillen Railway Company—Mr.
Cross in the chair—to consider " a bill to enable
the Dundalk and Enniskillen Railway Company to
make c-rtain deviations and alterations in their
line and works, and for other purposes connected
with their undertaking." The Chairman moved
the resolution, and said the junction would be ad-
vantageous to both companies. The Secretary read
the clau,es. Mr. Laren seconded the motion,
which was passed unanimously.
The attention of speculators in the various de-
partments of the Stock Exchange, as well as of the
public generally, is seriously directed to the prostrate
condition of the Paris Bours?„ For a considerable
time past the decline in the Rentes has con-
tinued, almost without interruption, and
as trade is sound, and the aspect of mo-
netary affairs certainly more satisfactory than
it was a few weeks ago most persons are at a loss to
understand why such an unfavourable movement
takes place. There is evidently an unsettled feel-
ing on the Bourse, hut whether in connexion with
political affairs, or on account of the adverse state
of speculation, and an excessive supply of stock,
it is difficult to determine. The difference be-
tween the price of the 3 per cent. Rentes and
the 3 per Cent. Consols is nearly 25 per Cent.—a
disparity which must be anything but gratifying to
Louis Napoleon, the state of the Funds being al-
ways considered the barometer of public confidence.
If the depression be attributable to speculative
influences only, the French market certainly offers
an attraction to investors, because in that case, a
rapid recovery could be calculated upon, but the
uncertain position of affairs and the result of the
elections will no doubt deter capitalists from pur-
chasing to any considerable extent. The decline
Which took place yesterday was not so much appa-
rent in stocks as in shares. Many of the latter were
12 to 15 francs lower, but the Paris
and Lyons, and Lyons and Mediterranean
dropped 35 francs, while the Credit Mobilier fell
50 francs. This general weakness tends to depress
values here.

The Bank of France, it is said, is now obtaining
fresh supplies of bullion, and the next monthly
balance sheet, to be published in a few days, will
probably show an augmentation in that depart-
ment. Some large withdrawals recently took place
in connection with operations in silk, but the re-
ports regarding the crops being now more favour-
able increased caution is now observed among the
dealers in that staple.
There is still an absence of animation in the
market for silver, and until further advices
from India and China are received business will
no doubt continue very contracted. It is fully
anticipated that the next steamer, viz., on the 20th,
will take out a smaller amount than h,s been dis-
patched for sometime past.
Money is still in good demand, but there is no
pressure. A small concession is made by the bill
brokers, where the paper is considered of a first
class description.
Thursday, being account day, the Market for
Public Securities is chiefly governed by the usual
arrangements. The specula ors for a rise, who
have not yet closed, show a disposition to termi-
nate their bargains, as there is a prospect of lower
prices. If the news from India is unfavourable as
it most likely will be, a decline is inevitable, and
there is, consequently, very little advancement
to " continue" engagements to August. Consuls
have been 92i -1 for special transfer and Thurs-
day, and 921 for the Opening. The New 3 per
Cents, were 921 8, and the Reduced also 921 a.
Bank Stock is 21211, and India Stock 217.
Exchequer Bills remain at 3s. discount. to par.
In ttie Foreign Stock Market there is little
Change to report. Business, however, is dull, and
Prices have a downward tendency. Mexican were
dealt in at 22:. Peruvian were firm at 831. Bra
zilian 41 per Cents. 96k, and the 5 per Cents. of
1843 981. Spanish brought 401. Russian 41 per
Cents. 96 to 961. Turkish 6 per Cents, were
inactive, and were nominally 951, 96. The 4 per
Cents receded to 102 and 1021.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 61 ; Mexican,
22i 1 ; Peruvian 41 per Cents., 83 84; ditto 3 per
Cents., 561 71 • Portuguese 3 per Cents., 441 51 ;
Russian 5 per dents., 109 111; ditto 41 per Cents.,
96 98 ; Spanish 3 per Cents., 40 40i ; ditto New
Deferred, 251 ; ditto Certificates, 51 61 ; ditto
Passive,
The subjoined notice has been rested in the
Stock Exchange :
" PARIS AND LYONS AND NORTHERN OF FRANCE.
—ln order to enable parties to claim the new
shares in the above companies, it has been ordered
by the committee that all bargains for the 16th be
settled on Friday, the 10th."
A very moderate business has been done in Rail-
way shares, and lower rates have been current for
almost all the principal lines. Lancashire and
Yorkshire, North-Western, Great Western, Man-
chester, Sheffield, and Lincoln, Midland, and
North-Eastern Berwick declined ss. ; _North-
Western, South-Western, and Norfolk, 10s. ;
Brighton, Scottish Central, and one or two others
were steady. The Canadian lines have again been
depressed, and Grand Trunk have declined about
11. to 21. • Great Western, 5!,. to 10s. French lines
show a decidedly downward tendency. Eastern
of France have given way 1/., and Paris and Lyons
21. East Indian are also rather flatter.
Mining Shares rule very quiet. South Wheal
Frances are 285 to 2871,. North Wheal Bassett,
15 to 15k, and St. John Del Rey, 10A.
Joint-Stock Bank and miscellaneous shares
show rather a slight decline. London and.
County advanced ss. Western Bank of Lon-
don were flat at 37. The London General
Omnibus Company improved about ss. Peninsular
and Oriental Steam about it., and Royal Mail
Steam declined 10s.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
(from the 'Vaal List:) _

_
- Business done.
dank Stock
8 per cent. Reduced Annuities
Neer Cent. Consols Annxitiee 92i
3 per Cent. Annuities 924 a
Llag Annuities, expire sth Jan. 1860_ ~. 2 7-16
Ditto 30 Years, expire sth April, 1885 lB,l, 18
India Stock 217
Consols for A cconn,,
Ditto for Opening ti2,l .3
Ea.thecit.er Wide, L;;(1.
ElOOO .
£s!io
3 d par
~, Brain ......... ..........
KRIORB OF FOREIGN FUNDS AT ONE O'CLOCK.
kr te.iadu t, per Cent. -
Ditto 1852, 4i per Cent.
Ditto, 1843 9Bl
Mexican 3 per Cent 224
Peruvian Bonds, 4i per Cent
Ditto Account
Rtuilar, Bends, 1522, 3; St., 5 per Cent —
Ditto, 46 per Cent.
813,niEh Bonds, a'' per Cent.
Turkish Bonds, 6 per cent --
Ditto Guaranteed, 4 per Cent.
Ditto Account ...
Loin:ends on tte abets payable In Londcn.

Conaols TWO O'CLOCK.
, money
Cvnsols for Account