The Sun.
London, England, 1860-09-04 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLoCK.
The Foreign and Colonial Produce Markets dur-
ing the last few days have been exceedingly firm.
Tea, however, has continued inactive, owing to the
large quantity to be offered at public sale to-day. 1:
Sugar has fully sustained the late advance, par- st
titularly the finer descriptions-of West Indian, and
in the refined market an active business has been st,
done at enhanced rates. For coffee the demand Fit!
has been steady without any material variation in
prices. Rice, rum, and cocoa have been in mode-
rate request at former rates. Saltpetre has been
inactive, and quotations are quite nominal. Tal-
low has continued in steady request, bat owing to
a pressure of sales on the part of importers, quota- st,
tions have shown less steadiness. st(
The Liverpool Cotton Market yesterday closed st!
with a firm appearance, but no immediate advance
was reported. The sales were stimated at 10,000 stl,
bales. The Railway Share Market presented a
buoyant aspect, and a further slight improvement st,
stc
took place in values.
About £200,000 in gold was taken into the stc
Bank yesterday, and a considerable portion of the ,
recent arrival by the Leaping Water has been pur-
chased for the continent. sto
The Discount Market has not been influenced to etal
any perceptible extent by the preparations for the :ttg
4th of the month, the mercantile classes having sto
quietly provided for the event, without stimulating stl
o
the demand, or adding to the firmness of quotations. st;
The lowest charge for superior qualities of commer-
cial bills is 31 per cent., and the inquiries at the stg:
Bank,where 4 per cent. is the minimum, have fallen
off in consequence. The tendency of the market is st
decidedly favourable, and if the harvest should 8%,
prove satisfactory lower rates of discount may be 26
2'
shortly experienced. 1
There has been very little business 'to-day in 11;)[,'
the Market for Public Securities, but sales having
st(2l
preponderated, a slight decline has occurred, Con- 51
sole being 931 ri for money, and 931 fi for the 10th sgt,',,
October. Some of the speculators have no doubt stoc'
sold stock in order to realise profits. The New stoc
Threes are 93& 3; the Reduced 931 g ; the New 21 't'l
per Cents. 771; Long Annuities 161 ;Exchequer sta
Bills ls. prem. ; India New Loan is 1031 ; the 5 :1(,)
per Cent. Enfaced Paper 94; ditto 51 per Cent. 19.
1021; and the Bonds are Bs. die. ; Bank Stock is
231 233; and India ditto, 2178.
Continued activity is apparent in the foreign
st
Stock Market, and prices are firm. Turkish 6 sl
per Cents. are 731 f ; ditto New Loan, 571 to 571; Si
ditto 4 per Cents. 101; Venezuela, 221 23 ; Dutch
g,
4 per Cents., 1013; Buenos Ayres Deferred, 30 ;
Greek Bonds, 81; Mexican, 211 1; Peruvian 3 per
s.
Cents., 741; Russian 4 per Cents., 64; Spanish
Deferred, 401-; ditto Passive, 221 ; and ditto Certi-

ficat 54.
The Ocean Marine Insurance Company's shares 8
are 2. y pm. ; the Universal, pm.; and the
Thames and Mersey, a pm.
The dealings the Railway Share Market have s
been to a fair extent ; less firmness, however, has g
prevailed, a reaction of about to per cent. hav-
ing taken place in values. Eastern Counties, Great
Northern, Great Western, North Western, Mid-
land, and South Eastern have receded ss. ; Edin- s
burgh, Perth, and Dundee, 10s. ; LanCashire and
Yorkshire, 15s. ; and North British and North

Eastern (Berwick), £l.
The Foreign and Colonial Markets have shown
little variation of impoitance. Sambre and Meuse,
Bahia and San Francisco, and Pernambuco brought
former rates ; East Indian have receded 10s., and
Great Indian Peninsula 10s.

Joist Stock Bank and ,Miscellaneous Shares
continue at barely previous quotations.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 934 i i
31per Cent. Consols Annuities
New 3 per Cent. Annuities
New 2i per Cent. Annuities 771
Annuities, 30 yrs, expire ith Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 l6}
India Stock
Ditto 5 per Cent ..., lo3f
. ... .

Ditto Enfaced Paper, 4 per Cent. —
Ditto 5 per Cent. 96 i
Ditto 51 per Cent.
Ditto Debentures, 1858 96/
Ditto, 1859
Ditto Bonds £l,OOO .. 8 d
Consols for Account, 6th Sept. .. 931 i i
Exchequer Bills, £l,OOO, lid
D tt a £5OO 1 4 pm
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent ..
Ditto 4i per Cent. 1860
Buenos Ayres, 6 per Cent —
Ditto Account 94
Ditto Deferred
Chilian 6 per Cent. — 81
Ditto 3 per Cent • 75 e,
Ditto 4} per Cent
Greek Bf 9f s.
t,
Mexican 3 per Cent — ssto,
Ditto Account
Peruvian 41 per Cent
Ditto Account

Ditto 3 per Cent. .. si
Ditto Account •
74i si
Portuguese 3 per Cent., 1853.
Russian 5 per Cent. 1822, £ St ..
Ditto 3 per Cent., 1859
Sardinian 5 per Cent — s
Ditto Account
Spanish 3 per Cent...
Ditto New Deferred 4O
Ditto Account
Ditto Passive
Spanish Cora. Cert. of Coup. not funded 57, 1 e
Turkish 6 per Cent —
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Venezuelan 3 per Cent
Ditto Account
E
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 2f per Cent... t
Ditto Certificates, 4 per Cent.
Peruvian Dollar Bonds, 4f per Ct. Ex. 4s B4
THREE O'CLOCK.
Consols, Money
Ditto Account

Lord and Lady Wodebonse have left town for
Kimberley Park, their seat in Norfolk. 2
THE TRANSATLANTIC TELEGRAPH.—It is some-
what
curious that the earliest news conveyed by telegraph etc
to the press of America was the launch of a sloop of war
at the Brooklyn Yard, and that the first regular organise- et
tion for the purpose of telegraph reporting was formed for etc
obtaining news of the progress of the war in Mexico. A 1
daily horse-express was run between Mobile and Montgo- 1.
ely, a distance of 200 miles, in order to anticipate the
1
val of the mail, and forward the news by telegraph to el;(
ow York and other places. In 1847 the complete and :I:
efficient organisation of what is termed the " Associated st,
Press of New York " was established, with " telegraph re- st 4
porters" and agents in every important city or port in the
United States, as well as in Canada, England, and other
countries. The charge for sending messages by telegraph st;
was at first much higher than is at present the case, and st,
the great object of the associated reporters was to devise
rme means of getting as much as possible for their money
nrai the telegraph companies. As the result of much
..,701.nus deliberation and forethought, they at length pre-
-,,,,,z1.1, complete system of short-hand or cipher, which,
telegrat,waa perfectly unintelligible to the clerks of the
key, fclT2
..was, when translated by those possessing the
raessagsik,eto possess remarkably elastic properties. A
or even ene`.2l cipher words would expand to fifty or sixty,
hundred when translated. Some of the words
se
eanc ht woeerwehteeh crams length, and made up of syllables,
aued a hidden meaning, and when in combi-
nTahteiorne
cdamefiee,ebowe,the
dictionaries of,
the eivilised world. '
part of the raana,eer, a limit to human endurance on the
to she
the telegraphs, and they ordered
e Associated Press should contain
tmheartentohwanorhdvseeniettters.
that the letters in every message
the whole divided b five for the
number of words, and charged
y
'should be counted, eta
with protesting ag ' t
eiety did not rest content ...,..T,l accordingly. The nevi, so-
ams the ty-
ranny of " Fog Smut ~., aa th_7 . k
of the New York and D .r, rue -named the manager
nor nrine,,hnut they ransacked
number
dictionaries for the
of words of five letters to serve theett g a Al n
.
purpoossteo
thousands of „ urpose of a new cipher
system, and some over'°rt words were very
speedily selected, and were sent_ „ the line, possessed of
even greater expanding powers ' these under the former
system.—Once a Week.
MEXICAN BONDHOLDERS.—The annexed
e of mexi com-
munication is from the Committee d . can tondholders :
--" The committee have received a vice from Mr. White-
head, dated Mexico, the 3d ult., ef a conducts wag, after
Vera Cruz
all, on rae point of then leaving for , but that
Mr. Matthews's opinion was sordecidedly unfavourable as
to the security it offered that Mr. Vaitob.ead was unable t
dholders. G °
avail himself of it for the funds of the be
of mat
as the accumulation of limes now is in the bands Eneish
houses in the capital, only twe are venturing to send some
trifling -amounts with it. So far as was keoivn. in the City
of Mexico, General Miramon was still at Lagos. There
were daily reports of his defeats and success, on which no
reliance was placed."
GARIBALDI AFTER MELAZZO.—Here an in
he
occurred which deserves to be mentioned, as showing .
singular character of Garibaldi. Finding his shirt d tirt y
and soiled from his personal struggles, ho took it off, wasted
it in the brook hard by, and hung it up on the bashes, ate
his lunch of bread, fruit, and water, smoked his cigar bare-
backed, and wrapt in thought, sat apparently contemplating
the drying of his garment; thus in the field and bivouac,
sharing danger and hardship with the humblest of his fol-
lowers. Directly his shirt was dry, he went on board the
T akeri, formerly Veloce, lying in the bay on the western
side of the peninsula, and personally directed her fire on the
fortress and retiring masses.—Blechweecr s Magazine for
September.