The Sun.
London, England, 1858-11-15 00:00:00

if ONEI MARKET AND CITY NEWS.

. CITY, Two O'CLOCK.

The demand for discount accommodation has been
slightly on the increase during the last few days,
the final instalment on the Indian Loan, and the
payments to the several new undertakings lately
brought upon the market, having absorbed a great
deal of the capital lately employed. In the
Irarious manufacturing districts of the North
)f England, also, business is comparatively

ictive, and the purchases of the various raw

materials have, in some measure, caused an addi-
tional demand for accommodation. At Leeds there
has been very little activity in the heavy woollen
department, but for light goods suitable for the
spring, there is an active inquiry. The tone of
trade generally exhibits increased firmness, and
most of the operatives are fully employed, active
preparations being in progress for the ensuing spring
demand. Business at Manchester has been exceed-
ingly active, more particularly in goods suitable
to the India and China markets, and an advance
of lid. per piece has taken place. Stocks in manu-
facturer's hands being very light, yarns were in
request, chiefly for India and China, and prices
have advanced id. to id. per lb. At Bradford last
week, the transactions in woollen yarns were only
moderate. Prices, however, were firm owing to
the high rates current for wool. Piece goods
were in limited request, but in light fabrics, suita-
ble for the spring, there was a fair business doing.
The iron trade of South Staffordshre continues
to improve slowly, and several furnaces lately out
of work have recommenced operations. At Bir-
mingham, Sheffield, and Walsall, almost every
branch of business is said to be improving, and in
heavy castings there has been more activity. The
hosiery trade at Leicester still continues healthy,
all useful goods adapted to the season being in
active demand, but at Nottingham the lace trade is
exceedingly depressed. A few American buyers
were in the market, but they operated to a very
limited extent.

The Liverpool Cotton Market, on Saturday,
closed firmly, and prices of all descriptions were
fully maintained. The sales amounted to 10,000
bales. In Railway Shares a moderate business was
transacted, and quotations were without any mate-
rial alteration.

The • demand for money in Lombard-street con-
tinues moderately active, but it is attributable as
much to payments in connection with loans and
railway capital, as to the expansion of trading
enterprise. The final call, representing £797,125,
is due to-day on the Indian Loan of £3,000,000;
and although a large proportion has been
subscribed in advance, the completion of the
Operation has, no doubt, stimulated the general
inquiry for accommodation. Abundance of capi-
tal, and the brisk competition yet existing
among bankers and bill discounters, however,
still have the effect of checking the advance
in the current rate of discount, although the
tendency is evidently more in that direction than
it has been for several months. While the quota-
tions, however, remain at the present low range,
a rise of I or 1 per cent. is of compa-
ratively little importance, but owing to the
protracted inactivity of the market any movement,
however slight, attracts attention and excites
remark. The increased applications for monetary
facilities during the last fortnight has, therefore,
given rise to some_ discussion, especially in specula-
tive circles, where the success of a large number
of, the engagements now uncovered depends, in
sonic measure, upon the continuance of the present
easy and tranquil state of the discount market.
'About £12,000 in gold was taken from the Bank
on Saturday, for exportation, and the £170,450,
received by the Teviot, has also been purchased for
the same purpose.
The market for English Securities opened this
morning with a quiet appearance, but quotations
were steady, and very little 'alteration has since
occurred, the attention of the dealers and
* brokers being directed to the liquidation in
foreign stocks and railway shares. Consols
have been 98 to 981 for transfer, and 961
for the account. The New Three per Cents., in
which there have been numerous transactions, are
94, and the Reduced 961 a. The March Exche-
quer Bills are 335. to 365. prem., ditto, June, 30s.
prem. India Bonds 10s. to 14s. prem. Bank
Stock is 226. India Debentures are 991 1.
For Foreign Securities the market is quiet, but
steady. Turkish are rather firmer, the 6 per Cents.
being 92! 4 ; Scrip No. 1, dis. to par ; ditto No. 2,
toe prem. ; and the 4 per Cents , 1051 4. Mexi-
can Stock is fiat at 201, but Buenos Ayres Bonds
firm at 831- for the 6 per Cents., and at 181 for the
Deferred. Dutch 21 per Cents. are 661 ; ditto 4
per Cents., 1001 I.
The transactions in the Railway Share Market
have been chiefly in connection with the arrange-
ments for the settlement of the account. The rates
far " carrying over" to the next account, however,
are not heavy, and the variations in prices have not
been:above Eto 1 per cent. Caledonian and Midlands
have declined ss. ; Eastern Counties and Great
Western, improved ss. ; and North Western and
Brighton, 10s. Great Northern, Lancashire and
Yorkshire, and North Eastern, are at steady r ates.
The Foreign and Colonial lines are very inactive, and
but little variation can be reported in values.
Paris and Lyons have receded about ss. ; and East
Indian have improved ss.
Joint-StoCk Bank Shares are in very limited

demand, and prices are steady.
In the Miscellaneous Share Market there is no
alteration of any importance to report.

BRITISH FUNDS--CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 96' i
3 per Cent. Consols Annuities
New 3 per Cent.. Annuities
i
Long Annuities, expire sth Jan., 1860 1 3 16
an., -
India Stock
Ditto Debentures _
99 1
Ditto 2d Issue
Ditto Bonds, £l,000
Ditto under £l,000
Consols for Account 9Bl i
March June.
Exchequer Bills, £l,OOO, 2d. &lid... 36 3 6 3O 31
Ditto £500,
Ditto Small, lid.
'FOREIGN FUNDS--CLOSING PRICES.
Brazilian, 5 per. Cent. —
'Ditto 1858,4} per Cent. 971 1.4
Buenos Ayres, 6 per Cent
14
Ditto Deferred
Mexican 3 per Cent 2O/
Peruvian, 41 per. Cent.
Ditto (Uribarren), 4} per Cent.
Ditto 3 per Cent. 73
Portuguese, 1853, 3 per Cent.
Sardinian, 5 per Cent 94} I
Spanish 3 per Cent. 47
Turkish, 6 per. Cent . 92A ! t

'Ditto New Loan Scrip , p
Ditto 2d Issue . 1 p
Ditto Account
Ditto Guaranteed, 4 per Cent.
• Dividends on the above payable in London.
French Renter, 3 per Cent. Ex. 25f.
Dutch Exchange, 12 Guil. 21 per Cent 661
Ditto Certificates,.4 per Cent.
Ditto Account
Peruvian Dollar Bonds, 4} per Ct. Ex. 4s B2}
THREE O'CLOCK
• Consols, Money
Ditto Account 9Bl

PRESENT FOR THE PRIXCE OF WALES FROM
'rail EMPEROR OF THE FRENCH.—Several French officers
arrived at Windsor from France with a piece of ordnance of
exquicite workmanship, as a birthday present from the Em-
irror of the French to his royal Highness the Prince of Wales.
he gun is placed in the royal mews until after presetation,
'Which it is expected will take place on Tuesday next. n
Seve-
r, a of the artillery with their horses have also arrived from
`Ciroolwich, and are quartered at the Spittal Barracks for the
Etirpose of exercising with the gun before her Majesty and
t3le court in the Great Park. The engraving on the piece is
e aid to have cost the Emperor upwards of 2,000 francs.
' SMITHFIELD CLUB CATTLE SHOW.—The ensuing
prize cattle show of the Smithfield Club has been appointed
to take place as usual, at te Baker-street Bazaar, on Tues-
I'. the 7th, Wednesday, thhe Bth, Thursday, the 9th, and
Fri day, the 10th December.
The Crystal Palace Company propose to hold a
festival on the Burns Centenary,, and to revive on the occa-
sion the old traditions of the minstrel. Fifty guineas are
offered for the best poem in honour of Burns—lists open to
all fill) world—language English, not Scotch—metres and
/natter at the writer's own discretion. Three judges, not
'et Maned, will decide on the merits, and the money will
pald immediately after the public recitation of the poem.
The company ask for the use of personal memorials or
relies of Burns himself, or of those connected with him, or
referred to in his poems, such as busts, portraits, auto-
graphs, &e.