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

N MARKET

AND
COTYIMERCI L INT.ELLIGENCE

CITY, Two O'CLOCK.
The Liverpool Cotton Market exhibit-d a firm
appearance
yesterday, and last week's rates were
f
1111 Y maintained. The mica were estimated at
1,000 baleq, 1,500 of which were taken 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 about 266,0001. in specie,
Mate that the prospects of the cotton crop are not
Yet clearly ascertained, but it is expected that the
final delivery will be delayed. The following re-
arks
ecrthe subject ara from the New York
rca

4, The prospect of the growing crop is considered at
this period of more moment as affecting value, than the
into the ports of a few thousand bales more or
:88 of the present one. The complakts of its backward.
"es continue, and it is certain that some parties attach
:pnaiderable importance to it as affecting the final de-
Very, and all assume that we cannot receive any
amount Within the present crop season, as was at one
period calculated on as a certainty by many. The
accounts
prted of injury to the crop are so often fabri-
and magnified by interested parties to accom-
, 'eh their ends, and we have been so often deceived
t0.,3, believing them true of a district or State, Whereas
4!'eY were only true of a few farms in a particul r see-
r, 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
blajority to incline to three weeks backwardness on the
Zberage
Of seasons. It would not necessarily follow that
ether
we" crop would be either a short or a late one, as the
the may yet be so propitious as to bring it up, and•
Planting bag been an unusually large one. Public
entiment continues to favour a delivery of under
",000,000 bales for the present crop."
There was a special meeting this day of the Lon-
onclerry and Enniskillen Railway Company—Mr.
°sB in the chair—to consider "a bill to enable
he Dundalk and Enniskillen Railway Company to
".ake certain deviations and alterations in their
111. e and 'works, and 'for other purposes connected
lth their undertaking." The Chairman moved
he resolution, and said the junction would be ad-
' autageous to both companies. The Secretary read
clan: es. Mr. Laren seconded the motion,
hieh was passed unanimously.
The attention of speculators in the various de-
'aliments of the Stock Exchange, as well as of the
hlie generally, is seriously directed to the prostrate
'edition of the Paris Boursa. For a considerable
4131 e past the decline in tht Renter has con-
'
;tilled) almost without interruption, and
trade is sound, and the - aspect of mo-
etarY '-affairs certainty more satisfactory than
.

f; Was a few weeks ago most persons are at a loss to
Inderstand why such an unfavourable movement
;akes place. There is evidently an unsettled feel-
no ion the Bourse, but whether in connexion with
)01itical affairs, or on account of the adverse state
bf speculation) and an excessive supply of stock,
lis difficult to determine. The difference be-
Ween the price of the 3 per cent. Rentea and
he 3 per Cent. Consols is nearly 25 per Cent.—a
' isParity which must be anything but gratifying to
°Ws Napoleon, the state of the Funds being al-
aYs considered the barometer of public confidence.
f the .depression be attributable to speculative
tdluences only, the French market certainly offers
4 attraction to investors, because in that case, a
aPid recovery could ba calculated upon, but the
eceitain position of affairs and the result of the
leetions will no doubt deter capitalists from pur
hiasieg to any considerable eaten t. The decline
pith took place yesterday was not so much appa-
,ellt in stocks as in shares. Many of the latter were
ili2 to 15 francs lower, but the Paris
dropped
Lyons, and Lyons and Medtterranean
„,-°PPed 35 francs,:while the Credit Mobilier fell
s
""" francs. This general weakness tends to depress
%Iles here.
fr:-:€1 Bank of France, it is said, is now obtaining
1),-18" supplies of bullion, and the next monthly
e—allce sheet, to be published in a few days, will
tvrohably show an augmentation in that depart
it'ellt• Some large withdrawals recently took place
i,-1:1 connection with operations in silk, but the re-
tl)ts regarding the 'crops beine• now more favour-
, i'e eincreased caution is now observed among the
(L(alers in that staple.
'there is still an absence of animation in the
market for silver, and until further advices
L° doubt
India and China are received business will
u doubt continue very contracted. It is fully
anticipa.ed that the next steamer, viz., on the 20th,
\\ill take out a smaller amount than hAs bean dis.
I atehed ter sometime past.
tMoney is still in"good demand, but there is no
ressure. A small concession is made by the bill
(I()kerS) where the paper is considered of a first
ass description.
ll,Thursday, being account day, the Market for
~,.Ithhe Securities is chiefly governed by the usual
1 rabgements. The speculators for a rise, who
,4ve not yet closed, show a disposition to termi-
lte their bargains, as there is a prospect of lower
'ttices. If the news from India is unfavourable as
roluost likely will be, a decline is inevitable, and
ethere is, consequently, very little advancement
i?,,!` continue" engagements to August. Consols
eve been 921 .1 for special transfer and Thur.'s-
ec% and 921 i for the Opening. The New 3. per
As. were 92 I, and the Reduced also 921 i.
allik Stock is 212? t, and India Stock 217.
In Bills remain at 3s. discount. to par.
change
tee Foreign Stock Market there is little
uange to report. Business, however, is dull, and
i Pricesdealt have ae downward tendency. lexizan were
1., t ill at22l. Peruvian were firm at 831. Bra
1814jan 41-a per Cents. 961, and the 5 per Cents. of
0,, 3 98i. Spanish brought 401. - Russian 44 per
irls'llts• 96 to 961. Turkish 6 per Cents. were
Centsaeti'Ve) and were nominally 951 96. The 4 per
receded to 102 and 1.021.
t'lliie following are the nominal prices of Foreign
22°,1e8:--Grenada Deferred Bonds, 6 6/ ; Mexi,lan,
Ce 6 1 ; Peruvian 41 per Cents., 83 84; ditto 3 per
Ituil„t8;') 561 74 ; Portuguese 3 per Cents., 444 51 ;
9i-1--ti'" 5 per ents. 109 111 ; ditto 41 per Cents.,
11e98; Spanish 3 per Cents., 40 401 ; ditto New
Dferred, 251 a ; ditto Certificates, 51 61 ; ditto
auive, 5.i i.
Ole subjoined notice has been rested in the
'Lock Exchange :--
_ ;` PARIS AND LYONS AND NORTHERN OF FRANCE.
7:14 order to enable parties to claim the new
bares in the above companies, it has been ordered
Y the committee that all bargains for the 16th be
settled on Friday, the 10th."
_ A very moderate business has been done in Rail-
',ay shares, and lower rates have been current for
ghost all the principal lines. Lancashire and
Yorkshire, North-Western, Great Western, Man-
chester, Sheffield, and Lincoln, Midland, and
Z\Tortb.-Bastern Berwick declined ss. ; North-
esteru, South-Western, and - Norfolk, 10s. ;
lighten, Scottish Central, and one or two others
cjilv?eprrees steady.s e
d,
and Grand Trunk have declined about
1 4i, to 2/. ; Great Western; ss. to 10s. French lines
I ..,',2! a decidedly downward tendency. Easton
`l2ityrance have given rather and Parts and Lyons
East Indian are aiso flatter.
, Mining Shares rule very quiet. South Wheal
bailees are 285 to 2871. North Wheal Bassett,
to let, and St.. John Del Rey, 10k.
'e a tit:Ant-Stock Bank and miscellaneous shares
lv rather a slight decline. London and
, °lllity advanced ss. Western Bank of Lon-
Idon. 'Nei's) flat at 37. The London' General
Omnibus- Company improved about st'. Peninsular
'0 Oriental
Stea
10s.m about 11., and Royal Mail
''3131 ded

tl`iTlsrt FUNDS.— CLOSING PILICES —THIS DAY.
(From the Official List.)
Business done.
!tatk Stock
thr Cent. Reduced Annuities
t• 2.
New i.%ent. Carl ota Annuities
92A a
Lew 3 Per Cent. Annuities
°Qg Annuities ex ire sth Jan. 1560 2 7-6 itictbii
at. tsoto3elt Tears,lB
expirep sth April, 1885 lBl
217 151
,nsol for A ccount,
Dittoto for Opening 92
t.2s
l'itel+Nuer inns, zo.
no
RiOUO., .
........ .- ...
3 d par
%kali ~
.....,
2 d p
bto Uonds, 1T5.8 ... 2
.. per Cent. .. 9BBIS DAY.
10'11.ICES OF FOREIGN FUNDS—TI
,f,'?ilian 5 per Cent.
iiit.to 1852 ii per Cent.
bal)!tte, 1813 9Bl
111.411130nd5, 3 pei. Cent., 1825
be to 5 per Cent., .
102
; ''cab 3 per cent 22
ertma. Lends, 4 per Cent -- •
b ditto Account - - B3l i 2
`,ll3ilao Lends ln`, .1-. st m Der Cent —
Ditto, 44 per Cent
, -, - ......•, . per
;0
az.diti.
90 891
bat dn
B"
Br per Cent.
2 o Account
P.:ti?iiEll liGlidlai 3 per Cent.
takiritt,tc Nevi Deferred, 3 oer ten'.
14 Nude 6 rr cent --
Ditto GuaranteePci, 4 per Cent.
Ditto Account lO2
Dividends:on the above paya'Aoin L ,ndon. _
Consols for account, July 9 7i/fi 92i 6ex dg.
B, B O'CLOC