The Sun.
London, England, 1860-08-20 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.

The accounts from the manufacturing districts
during the past week show little change in the
general state of business. At Manchester India
goods have been inactive, and there has been very
moderate transactions in fabrics for home require-
ments. The woollen trade of Leeds has con-
tinued dull, and at Bradford, Halifax, and
Huddersfield little improvement can be nc-
tieed. At Birmingham business has been ex-
tremely flat, and the iron trade of South Stafford-
shire has been moderately active. At Sheffield,
Walsall, and Wolverhampton the orders received
for goods for home consumption have been ex-
tremely contracted. A renewal of activity, how-
ever, is confidently anticipated should fine weather
ensue.

In the Liverpool Cotton Market on Saturday the
transactions were of a rather less extensive cha-
racter, but prices were unaltered. The sales were
estimated at 8,000 bales.

There is a good demand for discount accommoda-
tion, and previous quotations were well sustained.
There were no bullion operations of importance
at the Bank of England on Saturday.
At the forthcoming meeting of the Ottoman Bank
a dividend will be proposed at the rate of 8 per
Cent. per annum.

On the 23(1 inst. a call of £2 per share, amount-
ing to £9,000, is due on the Cork and Kinsale Junc-
tion Railway.
The total extra financial operations this year are
at the least £14,000,000, gamely, an Indian Loan
of £3,000,000, an increase of Indian railway capi-
tal of £7,000,000, Exchequer Bonds of £2,000,000,
one-half of which is to replace those falling due in
November, the £2,000,000 of Exchequer Bills,
while the Chancellor of the Exchequer has also
brought in a bill for power to issue £10,000,000 of
the same for the services of the year, at an interest
not exceeding 3d. per diem. The present issues
bear only lid. per day interest, and we therefore
have here a farther proof of the probable higher
value of money.

A meeting has just been held of the Bank o!
Australasia, when the report was adopted, and a
dividend declared at the rate of 6 per cent. per
annum, with a bonus of 63- per cent., being together
12} per cent. for the year.
In Mark Lane to-day English wheat has realised
an advance of Is. to 2s. per quarter.

The favourable change in the weather to-day
has checked the heavy tone in the English Stock
Market, which the political aspect of continental
affairs has produced. The Foreign Exchanges are
somewhat better also, and this helps to keep the
market up ; otherwise with a tightening money
market, and great disquietude in Italy, the
!slue of the Public Securities would probably
go lower. The fact of the stock of bullion in
the Bank last Wednesday having so little decreased
is another cause of the stability of prices in general.
Consols have been steady to-day at 921 I for money,
and 921 93 for the account. The New 3 per Cents.
and the Reduced remain at 93,1; ; Bank Stock has
advanced to 233 ; India Loan is heavy at 1031 ;
ditto 5 per Cent. Enfaced Paper, at 9G; and the 51
Per Cent, ditto, at 101 i.

Rather more activity has been apparent in the
Foreign Stock Market, and prices show more firm-
Ileac Turkish 6 per Cents. are 731 to 74 ; ditto
New, 591 to 601; and the 4 per Cents. remain at
10(4; Dutch 2j,- per Cents. have improved to 651;
BKnish Deferred are steady at 40k; and the Arti•
kates are firm at 51. _ _

Th.e Ocean Marine Insurance Shares are 21
Prom..; the Thames and Mersey, 1 prem.; and
the Universal, o I prem.
Business in the Railway Share Market has been
dull, and little variation of importance can be re-
corded in values. Eastern Counties and North-
R a sterns (Berwick) have declined 10s. Great
No rtherns and South-Westerns advanced 10s. ; and
No rth-Westerns, ss.