The Sun.
London, England, 1860-02-28 00:00:00

MONEY MARKET AND CITY NE TVS.

CITY, Two o'CLocK.

Business in the Foreign and Colonial Produce
Markets during the last few days has been inactive,
although in most instances prices have been fully
sustained. For tea the inquiry was limited, and
no public sales of importance have taken place
in sugar ; for coffee there was a-steady demand
at full rates, and rather more activity has been
apparent in the inquiries for rice, fruit, and spices,
which have been dealt in at former rates, Salt-
petre has been in very limited demand, but tallow
has shown more buoyancy, prices for both present
and forward delivery having slightly advanced.
The Liverpool Cotton Market yesterday closed
quietly, and only 5,000 bales were disposed of, at
about previous rates. In the Railway Share Market
only a small amount of business was transacted,
and prices tended downwards.
A further small withdrawal of gold, viz., £15,000,
took place at the Bank of England yesterday, and
unless some fresh supplies speedily arrive from the
Continent, the movement will probably continue.
The quantity lately sent away, however, is too mode-
rate to excite anxiety, and the money market,
owing to the limited demand and abundant supply,
still retains an easy appearance. On the Stock
Exchange loans are obtainable at 2 per cent., but
the inquiry is likely to increase during the next
few days in consequence of the liquidation in stocks
and shares.

Speculative business on the Stock Exchange con-
tinues dull, and as there are very few dealings for
investment, the English market presents a quiet
appearance. Upon the whole, however, prices are
a shade firmer, Consols being 942- I for money and
9411 I for the account. Much attention is still paid
to the advices from the Continent, but the opera-
tors are very cautious, and, if inclined to deal,
limit their transactions, and avail themselves of the
earliest opportunity to realise a profit. The New
Threes and the Reduced are steady at 951 ; India 5
per Cent. Loan is 104,1; ditto 5 per Cent. enfaced
paper, 981- ; and ditto 51 per Cent. ditto, 104 ;
Bank Stock is 229 i and 231; Exchequer Bills are
235. to 265. prem. _ .

A fair amount of business has been transacted in
the Foreign Stock Market, and prices show au
improvement. Turkish 6 per Cents. are 791 to
79i ; ditto New Loan, 66i. Mexican have ad-
vanced to 221, ; Russian 41 per Cents., to 081 ;
ditto 3 per Cents., to 65 ; Buenos Ayres 6 per
Cents. are 82; and Peruvian 41 per Cents., 94t.
The Ocean Marine Insurance Shares are firm
at 21 3 prem. ; the Universal ditto are I prem.;
the London and Provincial ditto, 4 ; prem.; the
Canadian Loan is 2 1 prem. ; and the Buenos
Ayres and San Fernando Railway,: I prem.
The arrangement of the account has been in pro-
gress in the Railway Share Market, and a great por•
tion of the business transacted has been in connection
with that operation. Caledonian, Edinburgh,Perth,
and Dundee, London and Black wall, South Western,
North British, and North Eastern (Berwick), have
declined ss. ; Great Western and Midland ad-
vanced ss. ; Lancashire and Yorkshire, 10s. ; and
South Eastern, £l.

.....In_
the Foreign Market prices were nominally
unaltered. _

The Colonial undertakings were inactive.
Grand Trunk of Canada improved to 35t, and
Great India Peninsula to 991-. East Indian im-
proved to 101 and 1011.
Joint Stock Bank and Miscellaneous Shares
have shown little variation of importance. Bank
of Australasia declined to 771 ; London Joint
Stock to 311 ; and Union of Australia to 46.
Canada Land were firm at 125 and 126. Crystal
Palace at 30. Peel River Land brought 49, and
Van Diemen's Laud 111.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 9sf 5 f
II per Cent. Consols Annuities
N.w 3 per Cent. Annuities 95 f
India Stock
Ditto 5 per Cent.
Ditto Enfaced raper, 4 per cent. —
Ditto 5 per Cent.
Ditto 5} per Cent . lO4
Consols for Account (March)
India Stock for Acounnt .
Ditto 5 per Cent lO4 1
E achequer Bills, £l,OOO, I;d.. .•
Ditto £5OO 23 6
Ditto Small, lid.

- -
FOREIGN FUNDS—CLOSING PRICES
'Nowa Ayres, 6 per Cent
liexiaan 3 per Cent.
Ditto Account
Peruvian 4} per Cent 941
Ditto Account
Ditto (Uribarren), 41 per Cent.
Russian, 1822, £ St., 5 per Cent ...... ...
Ditto 41 per Cent.
Ditto, 3 por Cent., 1859 65
Sardinian' o per Cent
liplaish 3 per Cent
Ditto Deferred 3 per Cent.
Turkish 6 per Cent
Ditto New Loan
Ditto Account
Dividends on the above payable in London.
THREE O'CLOCK

Consols, Money 94/
Ditto Account (March 8) 94

THIS DAY'S SHIPPING.

LONDON, Feb. 28.—Wind,_this day at noon, West
blowing a heavy gale.
CLYDE, Feb. 25.—Wind S.W., strong gale Arrived
—W. H. Jenkins, from St. John's, N.B.
SWANSEA, Feb. 25.—Arrived—Stately, from Cuba.
PLY/ft:II7TM, Feb. 27.—Wind W.N.W., strong—Arrived S
—Le France, from Havre for the Brazils.
PORTSMOUTH, Feb. 25.—Wind W.N.W.—Arrived—
H.M.S. Euryalus, from the Mediterranean. 27.—1 t blew St,
a hard gale all last night, which still continues.
FLEETWOOD, Feb. 27.—Wind N.W., strong gales.-
Arrived—The Favourite, from Savannah.

St,
THE IMPERIAL LINEN COMPANY.—There has sti
evidently existed during the last three or four years a grow-
ing tendency amongst the manufacturing interests to direct
?itt,
the stream of the retail trades again, as was once the ens- St,
ton, into special channels, from the store system and the Ste
selling of everything; specialites, as the French have it, Sti
are now the order of the day, and another of these has been 1
added to the many, under the title of " The Imperial
Linen Company," the head office of which the large Man-
cheater manufacturers, from which it dates its origin, have 2
opened in Wigmore-street. Let them proceed as they have sti
commenced, and many thousand housekeepers will erelong St
eagerly seek the advantages that their prices offer—prices
which this company confess are fairly remunerative, and
which it is fully determined to adhere to.
HAMPSTEAD HEATH AGAIN IN DANGER.—On
Saturday, at the weekly meeting of the Council of Maryle-
bone, at the Court-house, Mr. Nicholay drew attention to
the fresh attempt being made in Parliament, with regard
to building in the vicinity of Hampstead Heath. A bill
has been introduced to repeal the clause of the Leases and
Sales of Settled Estates Act, which prohibited the Court of
Chancery from granting powers to persons to build on
estates where applications had been previously made to
Parliament for such powers, and such application had been
rejected upon their merits. This bill was introduced into
Parliament last week, and stood for a second reading on
Wednesday last. Some one, however, called the attention
of Mr. Edwin James to the circumstance, and through his
interposition the second reading of the bill was put off till
Wednesday next. The council adopted a petition against
the bill. The leaseholders and copyholdere of Hampstead
and the parish of St. Pancras have also petitioned against
the measure.
DESTISOCTION OF AN EASTERN TOWN.—The
Clyde steam-packet, which has just arrived at Marseilles
front Syria and Smyrna, brings an account of the almost
total destruction of the town of Dardanelles by fire on the
night of the 19th inst. the part of the town in which the
conflagration commenced was that where the foreign con-
suls and the principal commercial men reside. The French
consul, M. Battus, had barely time to escape and to save
the books and papers of his office. The house of the agent
of the Compagnie des Messageries Imperiales was torn
down in order to prevent the flames from reaching that of
the Pacha.' Five children are said to have been burnt, but
nothing positive is known.
THE GREAT EASTERN STEAMSHIP AND PARO-
CHIAL Ra.TEs.—During the time the Great Eastern
Steamer was lying in the Thames, off Deptford, the chains
in connection with her moorings were attached to fasten-
ings in a piece of laud or wharf within the parish of St.
Nicholas, Deptford. This was held by the parish authori-
ties to be a beneficial occupation on the part of the company
to which
andwimheiedh(ttohhteheregar
great
rates
bein
eatV
ship belonged, and an assessment to the
r.
Ng madeasace oldingly made. The amount
quarterly) was £9 6s. Bd., and
the demand for payment not having been complied with, a
summons was applied for before the police magistrate of the
district, and
of the amount Clrmed. sday Dig. Seeker, the presiding magistrate
at the Greenwich_
.Police Court, made an order for payment
a
THAMES CONSERVANCY —A curious case con-
nected with the conservancyet of the river came before the
magistrates at the
Petty
day last, the conservaytoSrsessoifc'n
tshaet RT ohcahmf oe rsd ,e
loanh
nTi hnug r sa-
penalty of £lO from a fishermaninder the old act, for ob-
structing one ef their officers. Ir. Metcalfe, barrister, at-
tended on behalf of the conservators.
the
appeared that the
Ps whesniauemofficer entered his
fisherman was taking shrimps
boat to see that he avoided taking when the fisher-
man obstructed him, and denied his right. The conse-
quence was these proceedings, under the Act of George 11.
Mr. Metcalfe said the only object sought was to protect the
fishing for the benefit of those who, engaged in the same
trade, duly carried out the regulations of the law; but the
magistrates decided, that although under the old act the
conservators were empowered to protect the fishing, the
duty of so doing had not passed to the present conservators,
inasmuch as the Thames Conservancy Act of 1857 gave
them power over the river itself simply, but did not allude
to fishing. A case was stated for the opinion of the Court
of Queen's Bench.'