The Daily Times.
Liverpool, Merseyside, England, 1860-04-02 00:00:00

Steel: The market rather quieter, but prices

weaker.,

LONDON, SATURDAY gVENINGI
The LONDON MARKET for tf NGLISII.STbeIiS
to-
day was verrinnetive, but omeivhat firmer; in
tone' than during the later hours yesterday.
Consols for money are quoted 94 to 1, and 944 to
I, rather' buyers, for the April account. India
Debenturea have been dealt in at 964 and 47 ;
India Bonds tinder .£l,OOO, 1 dis; Ptfaced Rupee
Paper, 98 and 971 ; and the Five-and-a-Half per
Cent Ditto, 1031 and I. Exchequer Bills are 14s,
17s, and 13s pm.
The Funds closed at the following prices
Consols, Money ...... 94V9'±°
„ Account ..... . • 941; $
Exchequer Bills .4 l3 'l6
Bank- Stock •
Three, per Cents . . •i.,;
The :following • appeared in our second edition
of Saturday : r
The . English funds opened with a ienden'ey to
improvement, but great dulness again preVailed
at.the close. The demand for money, has again
been heavy, and only the best short-dated paper
could be negotiated at 4f per cent. In the foreign
exchanges the rates generally were slightly
higher than last post. There was a small with-
drawal of gold from the Bank—about. £14,000.
The Wellesley has arrived frorri 'Melbourne with
gold worth about £94,000.—Tunes,
The funds opened this morning at a recovery of
k per cent. The market soon showed weakness,
and at once, when the reaction on the Paris
Bourse became known, the market closed I- per
cent. loWer than yesterday. The tightness of the
money' market, contributed materially to the
decline. Share markets were relatively firmer
.than.the funds,:but the course of prices was like-
wise
,in most instances. downwards. Ile demand
for money at the Ilank was extreme4r
In the open market most, of the disconnters asked
4 or };_per cent. more than the Bank minimum.
The stringency of the market has unquestionably
increased to-day: The operation of the Bank
rule against the other money dealers turn the
()Teat tide of the commercial demand upon the
Bank of •Brigland,. who have promptly raised
their terms; and should the pressure continuei
may raise them, further. in this way the Bank
rule obviously tends to enhance the value of
money, and to give the nartic'tv Virtual monopoly
of the money market. —Daily Tom.
In the LONDON MARKET for FOREIGN SECU-
RITIES today there, was little doilig, and values
are unfavourably diSposed. Original Turkish'
Six per Cents, have, been dealt in at 781, to 781,
and the Nevi Sips at 501, being an average
decltne 'in both eases; of per cent, Alexipan
Threes are 21 and 201, Chilian have receded 1
per cent. New Brazilian Loan is rather better
at Ito a dis. New Indian 'Five per Cent Loan
is quoted 1041 to 1046. , • t i•
The Lo4D(Rt M4ipm Icor RARWAY SHARES
to-day was dull and wanting in firmness, bat no
serious 'fall has taken place in prices. London
and North-Westerns are quoted 971 to 98, Great
Westerns 67f, Midlands 1151 to Great
Northeiins 111, and :South-Eisterns 871. East
Indians are 1.41 i toti_ AA Ind Great Luxembourg
pi' and 61.
The Share Market closed at the following prices t
,
Ambergate, Not.,..er Eastern Junctn 6l
Caledonians
NIA Rhenish
Eastern 00043$ ,
East Lancashire . "i.
Edinburgh and Glasgow .
Great Northern 111 l2
~ ~ A • '
Great Westerns ; c . 67;
Great Westein of Cavads. 12a
' Grand Trunk of Canada 34
'Great Southern and Western . ll4 15
Lancashire and Yorkshire . . . lOll 1
rondoti and North-western . .
London and Sonth-western. . . 921 -4
Leeds Northern '
4
Manchester, §4eff,, and Lincolnshire 411 2
'Midland Stock .. . , .1161 -/
North British
, North Staffordshire
'South Eastern and Dover . . .
cork, Newcastle, and Berwick .
and 1191114 Midland . . .
The following appeared in our seecm4 edition
of Saturday :
•
The traffic receipts for the United Kingdom, for
the week ending March 24, exceeded by £30,880
the same week last year.
Yesterday the railway share market gave way
with consols, the Lancashire and Yorkshire ex-
cepted. The Midland stock touched 116 at one
period of the day,
In the LONDON MINING MARKET to-day there
was no new feature'of interest. The amount of
business has been only moderate. Shares in
Wheal liniti-, East Wheal Russell, Great Retallack,
Wheal Trelawney, Camborne Vean, East Caradon,
and Treloweth mines met with chief attention.
St. John del Rey mining shares were inquired for,
and dearer. Transactions were recorded in. the
-t
Stock Exchange a- .23 and 22. i. Bon Accord
Copper have been dealt in at I did., and irtaOundil,
(South Australia), at 14- and 1 prem. ,
In the LONDON MARKET for STEAM SHIPS (say
Messrs. Brett & Co.), although business has not
been very active since the commencement of the
month, it has evinced some tendency to further
improvement, We continue to experience a good
demand for the employment of steam property ;
and-were it not for the circumstance of the Baltic
ports being still ice !bound, the orders for securing
transit by steam vessels would doubtless be still;
more numerous. • The prospect of- increased con-
sumption of coals in France has produced corre-
sponding enquiry tbr steam colliers, for which
higher rates are, qq9ted hilt the. extent of actual.
engageinenti has only been limited. Charters for
time are also to be met with for handy-sized
steamers ; and several have been' fixed during
March,: on fairly nemuneratiye terms, • *Sales, of
several screw and paddle-wheel steamers have
taken place since 'our last, and generally the
prices realised have been satisfactory. The number
of good second-hand steam vessels in the market

. . ;541

is so mush diminished, that, when a really suit-
able ship is met with, a fair price is attainable.
Of new steam ships the sales have not been
important. Builders are getting gradually into
contract orders, so f that fewer vessels are being
built on speculation. The general aspect of the
market, whether as.regards employment or value,
is more cheerful, and fully confirms the views we
have from time to time expressed ; although the
aspect of political affairs still impedes the exten.
sion of commerce.
The LONDON GENERAL PRODUCE MARKETS
to-day continued firm but quiet,
SUGAR quiet, about 6d cheaper for the week.
COFFEE very firm, rather dearer for the week.
TEA quiet.
RICE less active.
SALTPETRE quiet but firm.
The LONDON TALLOW MARKET to-day was
flat, at the following prices :—For March 56s 6d,
April to June 55s 3d, October and December
52s 6d.
The BOROUGH HOP MARKET.—To-day thete
is a fair demand for most new Hops, at hill quo-
tations. Otherwise the market is heavy, on
former terms.