The Sun.
London, England, 1860-07-04 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

The Money Market continues in an active state,
but the commercial community are enabled to obtain
the accommodation they require at the current
rates, although the recent failures have rendered
the discount houses more reserved. It is probable,
however, that a quieter tone will prevail after the
engagements due to-day shall have been liquidated,
and increased relief may be looked for when the
dividends are paid at the Bank of England.
The leather trade continues in a very depressed
state, owing to the announcement of further
failures and the expectation of additional casualties
in the country. So sudden a collapse has seldom
been witnessed in any particular department of
business, but in this instance it appears that affairs
have long been in a very unhealthy state,
and the consequence has been that the
embarrassments of one or two leading firms
have led to the disorganisation of the entire
trade. The liabilities of the houses which have
already suspended probably approach two millions
sterling, and it is feared that the assets in most
cases will fall short of the estimates originally
formed. The following is a list of th© failures up
to the present time :—Messrs. Stratfield, Laurence,
and Mortimer; Messrs. J. H. Smith and Co.;
Messrs. Smith and Patient ; Messrs. W. and C.
Mundy ; Mr. Hacker ; Mr. A. Waring; Mr. T. H.
Mortimer, of Andover ; and Mr. Gibson, of Godal-
misg.
In the Liverpool Cotton Market yesterday the
transactions were less extensive, and prices were
steady. The sales were about 8,000 bales. Busi-
ness in the Railway Share Market continued rather
active, and quotations tended upwards.

At the meeting of the Colonial Bank just held
the report was adopted, and a dividend, at the rate
of 10 per cent. per annum, was declared, free of
income tax. The directors bad awarded a gratuity
of 10 per cent. upon the employes' salaries, which
met with general approval among the proprietors.
The market for Public Securities has been quiet
to-day, and tolerably steady. Consols being 93; I
for the 18th inst. Very little speculative business
has been reported, and the dealings for transfer
are too limited to create animation. The New
Threes and the Reduced are firm at 93; 8 ; India
51 per Cent. Enfaced Paper remain at 102, but the
Debentures are flat at 961; the Bonds are 9s. to 4s.
dis. ; ditto 5 per Cent. New Loan, for account, is
1041 ; and Exchequer Bills are heavy at par, 2s.
prem.
A very small amount of business is recorded in
Foreign Securities, and prices are firm. Turkish
6 per Cents. are 771 to 7711 ; ditto New, 60 to 601;
and the 4 per Cents. are 1021 ; Portuguese 3 per
Cents. remain at 44.
The Ocean Alarine Insurance Shares are 18
prem. ; the Thames and Mersey, 11 prem. ; and
the Universal, I- 8 prem.

Business in the Railway Share Market has
been inactive, but the few dealings entered into
have been at slightly enhanced quotations in seve-
ral instances. Great Westerr, Lancashire and
Yorkshire, North-Western and South-Eastern have
improved 55., and South-Western, 15s. ; Eastern
Counties have declined 55., and Manchester, Shof-
field, and Lincoln, 10s.

In the Foreign and Colonial Markets no business
of importance has been entered into. Grand Trunk
of Canada have declined to 28 281 ; Great Western
of Canada to 1.0, ; East Indian and Great Indian
Peninsula brought previous rates.
Joint Stock Bank and Miscellaneous Shares are
at about former quotations. Union of Australia
realised 43 ; Peninsular and Oriental Steam 71
72i ; and Royal Mail Steam 51.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities 931 k
New 3 per Cent. Annuities
India Stock
Ditto Enlaced Paper, 4 per Cent. —
Ditto 6 per Cent.
Ditto 51 per Cent.
Ditto Debentures, 1858
Ditto, 1859
Ditto Bonds £l,OOO
Ditto under £l,OOO ... 4
Consols for Account, 10th July 931 1
India Stock for Account 224 with div
Ditto 6 per Cent.
Exchequer Bills, £l,OOO, lid
FOREIGN FUNDS—CLOSING PRICES.
Brasilian 5 per Cent
Ditto 1843
Ditto 41 per Cent. 1858
Mexican 3 per Cent 2l
Ditto Account - 2l
Portuguese 3 per Cent., 1853. 44 31
Russian 5 par Cent. 1822, £ St ..
Ditto 4i per Cent 93
Spanish 3 per Cent.
Ditto New Deferred
Spanish Corn. Cert. of Coup. not funded 4l 1
Turkish 6 per Cent
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Dividends on the above payable in London.
THREE O'CLOCK.
Consols for Account, ex div 93a i

POLICE INTELLIGENCE-(THIS DAY.;

MARLBOROUGH-STREET.
ASSAULT AT BEN CAUNT'S.—Elizabeth Young was
charged with the following assault at "Ben Gaunt's," the
Coach and Horses, St. Mar.in's Lane. sto
Mr. Benjamin Caunt, jun., said that en the previous
stc
evening the prisoner came into his father's house, and hay-
ing
been served with some porter, used very disgraceful 1
language towards the barmaid, and on the potman attempt- ,tc
ing to put her out, she struck him with a pint pot a severe st(
blow on the head, causing a large swelling. Ho (Mr. st(
Caunt) went to the potman's assistance, when the prisoner Ft(
gave him several kicks, and only having the use of one st:
arm (the witness's arm was in a sling, he having met with st,
some injury), he was in danger from her violence. She st
had been drinking before coming to the house. s t
Charles Pearman, the potman, proved receiving a blow

on the head with a pint pot. etc
The prisoner said she had only had five pints of beer etc
that afternoon, and did not think that would make her
drunk.
Fined 10s., or seven days.
ASSAULT ON A FENIALE.--IThOM&S Miller, I
tall Stout
man, was charged with assaulting a young female, named
Catherine Newman, by striking her on the eye a very etc
severe blow, rendering her insensible for some minutes, sti
and causing her to seek medical assistance at the Middlesex St'
Hospital, her eye being covered with a bandage.
Mr. Beadon, having animadverted on the defendant's 1
conduct, fined him 305., or a month in default.

THIS DAPS MARKETS.

CORN EXCHANGE.

To-day's market wag. scantily supplied with English !,
wheat. Owing to the more favourable accounts at hand st,
in reference to the crops, and the continuous influx of st,
foreign wheat and flour, the trade ruled heavy, at Monday's
decline in the quotations.
Nearly 25,000 quarters of foreign wheat having reached
ns, that description of produce changed hands slowly, and
the currency was almost nominal.
In floating cargoes very little was doing, at late rates.
There was a moderate demand for barley, at full prices.
The transactions in malt were somewhat restricted, on
former terms.
We have to report a dull sale for oats, and inferior parcels
were again rather cheaper.
Both beans and peas changed hands slowly, at late quota.
thins.
Flour was dull, and country marks were the turn lower

ARRIVALS THIS VrEEX.
Vi'heit.. Barley. Malt. Oats,
English 480 2O 1,240
150
Irish —
Foreign 24,910 2,060 50,1501 630 Backe.
7,060 brie.

Flow'.

• BOROUGH HOP MARKET.
Our market is firm for all kinds of hops, at full quota
tions. The duty is called 2165,000.

WITITECHAPEL.

The supplies of meat are moderate, and the demand is
steady, as follows :
Beef, 3s 4d to 5s Od ; mutton, 38 6d to 5s 4d; lamb, 56 4d
to 6s 4d ; veal, 4s Od to 5s Od ; pork, 4s Od to 5s Od per
Sibs. by the carcase.

A Florentine abbe, now in Paris, has made the
most wonderful discovery in connection with photography
and electricity that has ever been heard of. He is able, in
sending a telegraphic message, to produce, at the opposite
end of the wire, the fac-simile of the writing that the mes-
sage has been sent in. So perfect and correct is it that he
has, to prove the undoubted fact, transmitted a portrait.
- Proposals have been made to him to come over to England ;
and, should it be found as valuable a discovery as supposed,
Government is ready to make liberal offers for the secret.
Its chief use would be in discovering the enemies of the
law.
Byron was wrong when he said " Revenge is
sweet, especially to woman." On the contrary, to a woman
of an exalted mind, the forgiveness of injuries is productive
of more pleasure and satisfaction than any amount of ven-
geance obtained. Her Most Gracious Majesty is a liv'eng
proof of this, for when she succeeded to the Crown, Lard
Melbourne advised the removal of certain persons from the
Royal presence who had expressed themselves rather fsteely
as to her impetuosity of temper under the roof of her Royal
mother. She replied nobly, The Queen of England does
not remember the injuries of the Princess Victoria."—
Court News