The Sun.
London, England, 1860-03-19 00:00:00

1110NEY MA

During the past week business in most of the
manufacturing districts has been dull. At Leeds
the cloth trade has been flat, the late cold weather
having checked the demand for light fabrics. The
amount of business transacted at Manchester has
been exceedingly limited, although prices in most
instances have slightly given way. The hosiery
trade of Leicester, however, has continued mode-
rately active, and a fair business has been done in
Wools and yarns at Bradford. In the hardware
districts no material alteration has taken place as
regards the iron trade, but more activity has pre-
vailed in most departments at Birmingham,
Sheffield, Walsall, and Wolverhampton.
The demand for money in commercial circles is
steadily increasing, and a large amount of basineSs
is daily transacted, at rates which show that the
bankers and brokers are making the most of the
opportunity thus afforded to employ their resources
on the most profitable terms. A 4 per cent. Bra-
zilian loan, amounting to £1,373,013, has just been
announced, which is likely to find favour among
the capitalists and speculators. As the applica-
tions must be accompanied by a deposit of 10 per
cent., the effect will be to augment the inquiry for
money. During the next fortnight, therefore, con-
siderable activity may be expected in discount
circles.

The loan referred to is projected by the Brazilian
Government for the purpose of assisting the Per-
nambuco Railway Company (which would then be
relieved from the necessity of making further calls),
and for the promotion of other public works in
that State. The price of issue is 90, and the pay-
ments have to be made as follows :--25 per cent. on
allotment, 25 per cent. on the Ist June, 20 per
tent. on the 2d July, and 20 per cent. on the Ist
August. The interest is to commence from the Ist
December last, and 3 per cent, discount will be
allowed for payments in advance.

In the Liverpool Cotton Market on Saturday a
very small amount of business was transacted, and
prices exhibited no change of importance. The sales
only amounted to 2,000 bales. The Railway Share
Market closed with less animation, and quotatio*s

tended downwards.
Increased heaviness has been experienced in the
English Stock Market to-day, owing to continued
sales on behalf off the public. It is stated that the
East Indian authorities have called in some
loans, and stock has been disposed of for
the purpose of effecting the necessary repay-
ments. Consols for money have been 949 1,
but they are now 941 7; for the account the
latest price is 94 Q. India New Loan is flat at
1041 ; ditto 5 per cent. Enfaced Paper has im-
proved to 99:, ditto 51 per cent. ditto to 105,
but the Bonds remain at 2s. dis., and Exchequer
Bills have receded to 17s. to 18s. prem.
The transactions in the Foreign Market have
been exceedingly limited, and prices show a decline.
Turkish 6 per Cents. are 791 to 80, ditto New 621.
63, and the 4 per Cents, are heavy at 1011 ; Rus-
sian 3 per Cents. have receded to 65, ditto 41
per Cents. to 98, and Mexican to 211 t.
The Ocean Marine Insurance Shares are 31 I
prem. ; the Universal ditto, 9 ; prem. ; the Canada
Loan is 11 ; prem. ; and Buenos Ayres Railway
prem. _ _

The new Brazilian 41 per Cent. Loan is 1 i prem.

Business in the Railway Share Market has been
rather active, but prices in most instances have
shown increased heaviness. Edinburgh, Perth,
and Dundee, Great Western, North Western, South
Western, North Eastern (Berwick), and Norfolk,
have declined ss. to 10s. ; Caledonian and Oxford,
Worcester and Wolverhampton, 15s. ; and Great
Northern £l. Bristol and Exeter advanced 10s., and
London and Blackwall, Brighton and South Eastern,
realised about former rates.

The Foreign linos have shown no important vari-
ation. Lombardo-Venetian remained steady at 111
111; Pernambuco, at 11i 12, and San Paulo, at
In the Colonial Market Grand Trunk of Canada
receded to 33j. 34; East Indian to 1021 103; and
Indus Steam Flotilla to 19.