The Sun.
London, England, 1856-02-23 00:00:00

(From the Times' City Article.)

At the opening of the Stock-Exchange yesterday
morning business was in suspense until information had
been received of the price at which the new loan had
been taken; As soon as it was known that Messrs.
Rothschild had accepted the contract at the Govern-
ment minimum of 90 (their tender having been at 89k)
transactions in Consols for money were entered into at
914, being an advance of em eighth on the latest price
of last evening. Subsequently the market became weak,
and a fall occurred to 90/, from which there was only a
partial reaction, the closing official prices being 901 to
91 for money and 914 'to 4 for the account. Aft r re-
gular hours some bargains were entered into at a further
recovery of an eighth. The transactions in the scrip of the
new loan were extensive, and the premium ranged between
I and 18, the last quotation being 1 to 4. The scrip of the
Exchequer funding is a quarter per cent. lower, and
left off at to With regard to the terms obtained
by the Government, there was in many quarters an im-
pression that they are too high, and that thoea offered
by Messrs. Rothschild, and- which were about 2 per cent.
below the closing quotation of the, previous evening,
were of a fair character, according to the experience of
former loans. By leaving so small a margin of profit,
it.was argued, the Government not only ran risk of
having the contract rejected altogether, hut of the scrip
falling to a discount on the first day, since the Exche-
quer-bill portion of it has already been as low as a pre-
mium, although there has not been a single circumstance
to exercise an adverse influence. It was prUba.bly a
knowledge that the subscriptions sent into Messrs.
Rothschild had been extremely large, amounting, it is
said, to 30,000,0001., which induced the Chancellor of
the Exchequer to fix a high 'mice as his minimum ; but
there can be no doubt that these subscriptions would
have been much reduced if it had been supposed thit
the terms would have been so close. Hence, in any
future and larger operation, that eagerness on the
part of the public which furnishes the best advantage to
the Government in all such transactions may, according
to some opinions, be considerably diminished. On the
other hand, it is assumed that the conditions demanded
are to be regarded as a favourable sign of the confidence
of the Government in the results of the peace negotia-
tions, and that the present case is, therefore, an excep-
tional one. Bank Stock closed at 213 k to 215 ; Reduced,
918 to A ; New Three per Cents. 92 ; Long Annuities,
31 ; Annuities, 1855, Hi ; India Stock, 222 to 224 ;
India-bonds, 7s. to 3s. discount ; Exchequer-bonds, 97i
to 98/ ; and Exchequer-bills, 33. discount to par. The
demand for money, both at the Bank of England and
out of doom, continues extremely heavy ; but the pres-
sure, was mitigated yesterday afternoon by Messrs.
Rothschild returning the large surplus deposits received
by them during the past two days.

THE EXECUTION or COBRIGAN.—This unfortunate
man is to be executed on Monday next. Preparations
have already commenced.
A letter from Bucharest mentions that General Coro-
nini, who had returned some dap, brought the news
front Vienna that peace would infallib!y be concluded.
A petition, was presented on Thursday in the Court
of Chancery for the winding-up of the Tipperary Joint-
Stock Bank.
MINING INTELLIGENCE.--Although the sum required
for the new loan is not so large as was generally antici-
pated, the 5,000,000/. have to be paid up in two months,
which is more than 'has been generally called for in so
short a period for the first instalment of the larger loans,
and for a time, at least, we may expect money scarce,
and speculation inactive. , The advance of nearly 21.
per ton on lead ores has given a little impetus to shares
in les.d mines, and Trelawny and East Rose have been
more sought after, and have improved in price. Copper
is not quite so much in demand ; large quantities are
coming in from Chili, and we understand that SOO tons
of ore, yielding a produce of 30 per cent., have arrived
at Swansea front the Cape of Good Hope.—Mining
Journal of this clay.