The Sun.
London, England, 1858-07-09 00:00:00

MONEY

AN D
COMMERCIAL INTELLIGE.NCE,

CITY, Two O'CLOCK.

In the Foreign and Colonial Produce Markets,
during the last day oe two, business has been ra-
ther more active. At the public sales of tea a largo
quantity was offered for public competition, but
only a small amount was sold at about last sales'
rates. Sugar has been in moderate demand, par-
ticularly the good grocery qualities, the prices of
which have been well supported. In the Refined
Market, however, business has been veryquiet, and
slightly reduced rates are now current. For coffee
there has been a moderate inquiry, 'good.qualities
of Plantation Ceylon realising full rates. Natire
Fold well, and other descriptions were dealt in to a
moderate extent. The demand for rico for exporta-
tion has been very active, and some large sales have
been effected. Prices, however, have declined
about 3d. per cwt. Saltpetre has been at st-ady
quotations, and tallow is dull, P.Y.C., on the spot,
is quoted 495. Gd. ; July to September, 495. 3d. ;
and last three months, 495. Gd. to 495. 9d. per
cwt.

Letters from Liverpool inen ion that the Cotton
Market yesterday closed steadily, and prices were
fully maintained. The sales were estimated at
6,000 bales, 500 of which were taken cn speculation,
and 500 for export. The Railway Share Market
presented a quiet appearance, and values of all the
leading lines were without alteration.
A continuous drain of gold from the Bank, even
although the amounts daily withdrawn may be
limited, generally attracts attention, and causes
seem anxiety. At present, however, the move-
ment,which is of a characterjust mentioned, creates
little if any uneasiness ; firstly, because the stock
of bullion is excessive, and secondly, in consequence
of its being known that about a million and a
quarter sterling is coming forward from Australia,
and that it will probably arrive within a few weeks.
Yesterday the quantity taken away was 32,0001.,
and there can be no doubt the remittances are for
some Special purpose, and not for the ordinary
Purchase of silver, or as an exchange operation.
Discount accommodation, which is in limited
demand, can now be obtained at extremely low
rates. The market is again plethoric and easy, and
the payment of the dividends already seems to have
exerted an influence. It would not excite surprise
if, instead of a rise in the minimum, such as was
adverted to a few days a:7,0, a reduction should
shortly form a point for discussion. A change either
Way, however, seems improbable at present, for the
requirements of trade and other purposes are too
limited to reproduce stringency ; and with regard
to increased facilities the Bank authorities, by their
recent policy, have shown an intention not to force
money to too low a point.
It is satisfactory to notice the c nfidence expressed
in the letters from the manufacturing districts with
reference to future prospects. A change for the
better already seems to have taken place ; the
effects of the late crisis are slowly disappearing, and
it is believed that during the autumn a further de-
cided step towards recovery will be witnessed. In
France, too, there are marked indications of a re-
suscitation ; the letters from Paris, Lyons, Rouen,
and Marseilles being decidedly more cheerful in
tone.

The French Funds continue to advance, and the
rise during the last fortnight has been fully 1 per
Cent. This is a satisfactory feature ; for if the
Movement should continue it will assist in dispersing
the uncomfortable degree of laugour which has
lately pervaded the Bourse, as well as other de-
Partments of business.
The usual return of the Bank of France for the
PaA month has.been published to-day, and shows
aurae rattier favourable features. The bullion has
been increased to the extent of 702,7531., the total
being 21,118,2791. Tne bills discounted have
amounted to 15,740,2051., showing an angmenta-
tion of 1,761,2981., and the advances on Railway
Securities have been diminished to the extent of
322,958/. In the note circulation there is an in-
crease of 1,895,5761., the total being 25,317,5111.
In the market for English Securities to-day the
transactions have been numerous, and the quota-
tll)ll3 appear steady. No variation of importance
has yet occurred, and as the transfer books do not
re open to the general public until the 16th, the
market receives very little support from bona fide
transactions. Consols have been 95 for money,
an 95a I for August. The New Threes are
74. ; and the Reduced, 95 ; Bank Stock is 221
to 222 ; and India ditto, 219 ; India Debentures
are ; India Bonds, 16s. to 21s. prem. ; the
March Exchequer Bills, 335. ; and ditto June, 19s.
to 225. prem.
In the Foreign Stock Market a fair amount of
business has been transacted, but prices exhibit a
downward tendency. Turkish 6 per Cents. are 93h ;
ditto 4 per Cents., 104 g. ; Buenos Ayres 6 per
Cents., 83; Guatemala 5 per Cents., 56i 7 ; Peru-
vian 41 per Cents., 89 ; ditto 4 per Cents., Uri-
barren Bonds, 75 ; Russian 41 per Cents., 99 ;
Sardinian 5 per Cents., 891 ; Spanish 3 per Cents.,
431 ; ditto Deferred, 271 ; and ditto Certificates,
5 ; Brazilian Scrip is to discount.
in the Railway Share Market this day the
transactions have been very moderate. Prices,
however, have in most instances exhibited an im-
provement. Caledonian have advanced 1/. to 1/.
10s. ; Great Northern, Great Western, and North-
Western,
1/. ; Midland, North-Eastern (Berwick),
and North-Eastern (York), 10s. ; and Lancashire
and Yorkshire, ss. Eastern Counties have declined
los., and Scottish Central 10s. The Foreign and
Colonial lines have also been at advanced values.
?aria and Lyons have improved ss. ; Grand Trunk
of Canada, i.
Mines, Banks, and Miscellaneous Shares have
been exceedingly quiet, and there are no variations
of importance.

Ilitl US$ Ft-NM—CLOSING PRICES—THIS DAY.
(Prom the Ofticsal List:)
Ruh Stock
Three per Cont. Reduced Annuities
95?, ',l 2 $
---- Annuiti,-,,,
,New Three pn Cent. Annuities
1.1°11,7 Annuities expire sth Jan. 1800
iii(liA Stock . !
..
India Loftn liebent **** s '''''''
9',1
Ditto Bonds, £lOOO
2nt ".
onsols for Account
t iiti,i, time
,-1 xchequerßitls 95i
March. June.
1000
33 129 19 22
£5OO '''''''''''''''''
..
_- 1 19
.. &nal
ntohequer Bonds, 1858, 3 per Cent
Dttto, 1859

FOREIGN FUNDS. —THIS DAY.
Austrian 5 per Cent. Bonds ...
braailian per Cent 91Ditto
V,- per Cent. 931
Buenos A yres Bonds 6 per Cent
Ditto Scrip, 1853
Ditto Account—
Guatemala Bonds 5 per cent****B3
Peruvian Bonds, per Cent sti
Ditto Account B9
Ditto 4A per Cent. 1riba............ ",1--
Portugu!se 3 per Cent. ............
7
Russian, 1822, £ St., 6 per Ccnt, 45:2 5
Ditto 4,1; per Cent ......................
Sardinians per Cent._ ................... 931 •
4knish Bokds, 3 por Cent. .................... 89A
Ditto New Deferred, 3 per Co .... ........ 43i
........ Ditto
Account ................... 27A
Spanish Cert. of Coup. not funded.,,,,. 5 -
Turkish Bonds, 6 per Cent.
Ditto Guaranteed 4 per Cent.
Ditto Account, i
Dividends on the abc;ve payable In Loudon.
THREE, O'clr..o ex.
r
COnEOI., money 1
Ditto August account

ME. BENET WATT, THE ENGLISH EICCINEs..-ll.—Mr.
William Newton, of Newcaitle-co•Tyne, has rcce:v.
a letter from Mr. Gor?,o Ridley,stating that the
compensation awarthd by the Ncapclitam Government,
to the Enghsh engineers is now reaiy for payment, 5U
n hope is expressed that the matter will be settled :t4
Speedily as posFible. It is proposed to invest the 1,5001.
due to Mr. Henry Watt in the name of two trustees,
one -of theca local, and the other the S.cretary of the
Treasury for the time being, as during the last month
Lot mufth, if any, improvement has taken place iu the
poor fel7ol,i':i hea:th, al.d it is probable that he may have
notbmt_ else to depend upon for srpport.
t.INGULAII AND FATAL ACCIDENT.--I.lary Williams. of
Gortsage, a little child, was playing with her father la t
Saturday, when in running across the room she fell into
a rice pudding, which was on the floor cooling, and was
4:l_Fcalded that she died on Monday. An inquest was
held at the Bull Inn, Cuddington, before H. COuitorp
EN., when a verdict of " AccitLntal d(atii." was zs-
turutcl,—Trarron Ougro:icoz.