The Sun.
London, England, 1860-05-28 00:00:00

MONEY 3IA.RKET AND CITY NEWS.

CITY, Two O'CLOCK.

The accounts from the manufacturing districts
during the past week have been of an unsatisfac-
tory character. At Leeds little improvement has
taken place in the demand for wools and yarns, but
a steady business has been done in cloths. The
market generally, however, has continued dull.
At Manchester increased depression has prevailed.
particularly in India goods. The reduction in
the rate of discount, however, it is hoped wil
cause an upward movement in values. Piece goods
at Bradford and Huddersfield have been quite ne-
glected, and there is little alteration of importance
to record in the hosiery and lace trade at Leicester
and Nottingham. At Birmingham, Sheffield, and
Wolverhampton a moderate amount of business has
been enter ed into for the season. The iron trade of
South Staffordshire, however, con dunes inactive.
In the Liverpool Cotton Market on Saturday
business was exceedingly quiet, only 4,000 bales
having bee❑ sold at previous rates. The Railway
Share Market was inactive, but prices confirmed
very firm.

A steady business is still negotiated is the
money market, and the rates remain without any
change of importance; the tendency, however, is
still in the direction of a decline, because the
available supplies are abundant, and the
ordinary demands of trade are by no means
extensive. At 3i per cent. the mercantile
classes are still enabled to negotiate first class bills;
and limited, as the difference is between their quo-
tations and the Bank rate, it attracts business to
the general market, which otherwise, in all proba-
bility, would be taken to that establishment.

There has not been much animation in the market
to-day for Public Securities, but the quotations
have been steadily maintained. Consols are 95 to
951- for money and account. The transactions have
been exceedingly limited. The New 3 per Cents.
and the Reduced remain at 93-Z Q ; Bank Stock has
advanced to 2271 and 2281 : India Loan is flatter
at 1062. 4 ; ditto 5 per Cent. Enfaced Paper is
firmer at 98/ ; and the 51 per Cent. ditto is 1031.
In the Foreign Stock Market business has also
bees very quiet, and prices are well maintained.
Turkish 6 per Cents, are 741 to 75 ; ditto New,
571 to 68 ; Sardinian are firmer at 851 a ; Mexican
at 21Z ; Russian 41 per Cents. are steady at 971 ;
Dutch 21 per Cents are flat at 651 ; and the 4 per
Cents, have improved to 1014.

The Ocean Marine Insurance Shares are 21
prem.; the Thames and Mersey ditto, I prem.;
and the Universal ditto, t 9 prem.
In the Railway Share Market the transactions
have been extremely limited, and prices have shown
a further slight decline. Midland, North British,
North Eastern (Leeds), and North Eastern (York),
have declined ss. ; Great Western, lOs ; Great
Northern, Lancashire and Yorkshire, North
Western, and South Eastern have brought about
former rates.

The For,ign and Colonial lines are inactive.
Lambardo-Venetian remain at par; Grand Trunk
of Canada have declined to 34 32 ; Great Western
of Canada to 12Z ; East Indian to 101-:-.

Joint Stock Bank and Miscellaneous Shares are
dealt in to a limited extent at about former values.
London and Westminster are 611 62; Union of
Australia have declined to 43k, Union of London
to 251; Red Sea Telegraph are strong at 17k.

BRITISH FUNDS—ONE O'CLOCK.
Bank -.'t,a, .. ..
3 per Cent. Reduced Annuities 93s f
3 per Cent. Cons*ls Annuities
New 3 per Cent. Annuities
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditty for 30 yrs, expire sth April, 1885 l7l
India Stock.
i)itto 6 per Cent. . ......
Ditto Entaced Paper, 4 per Cent —
Ditto 5 per Cent.
Ditto 51 per Cent
Ditto Debentures, 1858 —
Ditto 1859 961 d
rift . Bonds £l,000
I)itto under £l,OOO .. ..... 5 4 d
Consols for Account (6th June) .. 95h
Exchequer Bills, £l,OOO, lid
it' £5OO
Ditto Small
FOEtEIGN FUNDS—ONE O'CLOCK.
Mexican 3 per Cent —
)Tr, Account
Russian 5 per Cent. 1822, £ St ..
unto 41 per Cent.
Sardinian 5 per Cent. . —
Otto Account - 3
Turkish 6 per Cent ..
Ditto New Loan
Ditto Account
Dividends on the above payable in London.
Datch Exchange, 12 Guil. 21 per Cent... 651
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.
Consols, Money
Ditto June Account