The Sun.
London, England, 1857-12-21 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

Letters from Liverpool report that the Cotton
Market on Saturday closed firmly, and prices
were a shade higher. The sales amounted to 10,000
bales. The Railway Share Market manfesied a
steady appearance, and there was an advance in
quotations in all the leading stocks.
The advices from the manufacturing districts to-
day mention that very little improvement can be
noted in the general state of business. At Leeds
scarcely any transactions have been entered into
either in wools or piece goods, and prices generally
a downward tendency. At Bradford business had
.almost ceased, the chief occupation of mercantile
men being to discuss the late disasters which have
taken place in the woollen and worsted trades. The
local wool brokers are doinglittle or nothing and it is
extremely difficult to give any reliable quotations.
A very limited trade reported in all descriptions of
cloths at Manchester. A few forced sales had been
made by needy holders, and in some instances
materially reduced rates were current. India long-
cloths and yarns are quite neglected ; and the
German shipping houses are almost entirely out of
the market. At Halifax the worsted trade
was very depressed, and wools and yarns
sell in but small quantities, at reduced rates ;
'and at Leicester the hosiery trade is very flat, there
being little or nothing doing i n any branch of business.
Continued inactivity is still the characteristic
feature in all branches of our trade, and merchants,
brokers, manufacturers, &c., are patiently awaiting
the improvement which sooner or later must be
experienced. That the Bank rate of 10 per cant.
cannot be much longer maintained is proved
by the increased supply of capital in the
lands of the discount firms, who, upon good
security, are very willing to make advances
at 9 per cent., and the difference between the
respective charges is sufficient to deprive the
Threadneedle-street authorities of the greater part
of their business. A reduction of lor 2 per cent.
is, therefore, held to be certain during the present
week, and by next Thursday the position of their
reserve, through the heavy receipts of gold, and
the liquidation of securities, will enable them to
effect a change.
At a meeting of the creditors of Messrs. Rehder
and Boldemann a statement of accounts was sub-
mitted. The assets, it is expected, will realise
about 12s. 6d. in the ponnd.
At a meeting of Messrs. Krell and Cohn's credi-
tors to-day, the liabilities were stated at 23, 500/. ,
and the assets at 17,0001. A composition of 10s.
in thp pound was taken into consideration.
On Saturday a further sum of about 150,0001.
was added to the Bank of England's stock of
bullion, and the movement will, no doubt, con-
tinue. A portion of the 430,0001. just received
from America will most likely be received at the
National Establishment. _ _ .

Besides the rapid improvement which is being
caused by these deposits of gold, the partial cessa-
tion of the demand for money at that establish-
ment, owing to the more favcurable terms upon
which accommodation can be obtained in Lombard-
street, is causing an accumulation of notes. En
the latter direction bills of good quality are nego-
tiated at 1 and 11 per cent. below the minimum,
an advantage which the mercantile community
have availed themselves to a large extent, but the
demand for money is not active owing to the dull-
ness of trade.
A further improvement has takpn place in the
market for English securities, and there is an active
speculation for a rise based upon the prospect of
cheaper money, through the diminished demand
and the extensive supplies of specie. Since the
last Bank return was published a much more con-
fident feeling has been engendered, and hence the
general advance in all descriptions of securities.
At thepresent moment the Funds are very buoyant,
slid the advance is about II peP cent. Consols
opened at 92f 1, and they have risen to 931. The
latest quotation, however, is 92i I. The New
3
per Cents. are marked 93k ; and the Reduced
921 /. Bank Stock has risen to 218 and 2181.
Exchequer Bills are 4s. discount.

An extensive business has been done in the
Foreign Market, and nearly all the quotations have
advanced. Turkish 6 per Cents. have risen to 95a
and the 4 per Cents. guaranteed to 101 k ; Russian
48 per Cents., 251 to 26i ; Russian 41 per Cents.,
96i ; and Sardinian 5 per Cents., 845. Mexican
stock is 20 ; Grenada New Active are 20, and
Venezuela, 45 per Cents., 30/.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 56 ; Mexi-
can, 191 20 ; Peruvian 45 per Cents., 75
76 ; ditto 3 per Cents., —; Portuguese 3 per
Cents., 435 44i ; Russian 5 per Cents, 105 107 ;
do. 44 per Cents., 96 98 ; Spanish 3 per Cents.,
41i ; ditto New Deferred, 26 268.
The Railway Share Market this morning is very
buoyant, most of the leading lines being at a
considerable improvement on previous rates. East
Anglian, South Easterns, and North Westerns,
have advanced 15s. Caledonian, Great Western,
Midland, North Eastern Berwick, Oxford,
Worcester and Wolverhampton, and Scottish
Central, 11., and Lancashire and Yorkshire,
11. to 11. ss. The foreign lines are firm. Paris
and Lyons have improved 10s., Southern of
France 10s. and Great Luxembourg and
Lombardo-Venetian, ss. In the Colonial under-
takings business has been active, especially in the
Canadian lines. Grand Trunk of Canada has
risen about 3/. ; Great Western of Canada, 11. ;
and East Indian, 11. to 1/. 10s.
_ _

Mines, Banks, and Miscellaneous Shares are a
shade firmer. English, Scottish, and Australian
Chartered, Ottoman Bank, Australian Agricultural
and National Discount Company, were at a slight
improvement on former quotations.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Offictal List;)
Engine IS done.
Sink Stock
3 per Cent. Reduced Annuities 92i I
Now 3 per Cent. Annuities 92§
Loug Annuities, expire sth Jan. 1860 —
Ditto 30 Years, expire sth April, 1885 l7l
iodic Bonds, £lOOO

_
r%itto, under £lOOO 2O d
OAsols for Account
Ez‘hequer 131116, 24d
81000. 4 d

----- £500.,... 4 d
Snell
Exchecuer Bonds, 1858, 3i per Cent 99i 9
- Ditto, 1859 •• 60 9B
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Riazinan 5 per Cent.
Obilian Bonds, 6 per Cent lOl
Grenada New Active, 24 per Cent. 2O
Ditto Deferred si
Mexican 3 per Cent —
Ditto Account 2O
Russian Bonds, 1822, £ St., 5 per Cent —
• Ditto, 4i per Cent. 96i
El trdinian Bonds, 5 per Cent.
Spanish Bonds. 3 per Cent.
Ditto New Deferred, 3 per Cent.
Ditto Account 26 4
Tarkieh Bonds, 6 per cent
Ditto Account 954 3 i i
Ditto Guaranteed, 4 per Cent.
Ditto Account
'Venezuela Bonds, 44 per Cent
Ditto Account
Dividends on the above payable in London.
French Routes, 4i per Cent. —
Ditto 3 per Cent.
TWO O'CLOCK. •
Consols for7account

SKETCH OF THE RESIDENCY AND PALACE AT LUCK-
NOW.—We may expect to hear good news from Lucknow
in a day or two. Meantime, Mr. Wyld has
produced a
fine sketch of the place, and a map of the insurrec-
tionary districts, which will be found highly useful at
the present interesting period. It is just the thing
Wanted, and is admirably executed.
At Lisbon the disappearance of the late terrible
malady has permitted the re-opening of the Opera.
Mdme. Charton and Mdrne Tedesco are the reigning
favourites. Malvezzi, Neri-Baraldi, and Beneventano
are the principal male vocalists.
THE AUSTRIAN LEGATION.—A telegram was received
yesterday at Chandos House, announcing the demise of
the Countess Benkendorff, mother of the Countess d'Ap-
penyi, which took place at Dresden on Friday last.
His Excellency Feronk Khan, the Persian Envoy
Extraordinary, accompanied by a numerous suite, and
attended by Captain Lynch, will arrive this eveniag at
Claridge's Hotel, where apartments have been secured
for his Excellency during his stay in London.