The Sun.
London, England, 1858-12-23 00:00:00

1110:NAY 111A1LICET AND CITY NEWS.

CITY, Two O'CLOCK.
The demand for discount accommodation is still
.moderately active. As the resources of the mar-
ket, however, are superabundant, the increased
suPply of :commercial bills has had no effect be-
yond forcing the terms current in the open
market to the level of the Bank of England
minimum. When the engagements now being
Provided for have been liquidated a partial
reaction may temporarily occur. The position and
Prospects of the Discount Market, therefore, con-
tinue very satisfactory, and when the speculators
Deeorne a little more accustomed to the indications
Of increased activity now occasionally expe-
rienced, they will not be discouraged if
the demand is stimulated, or a momentary
advance should occur, through the periodical
liquidation,. of mercantile engagements or subscrip-
tions to loans and other projects.
A further dividend of ls. in the pound has been
announced by Messrs. Sieveking and Co., who sus-
Pended during the late crisis.
It transpired, yesterday afteinoon, that Messrs.
'Metcalf and Co., distillers, of West Ham, were
unable to meet their engagements, and a meeting
of the creditors has been called io-day to consider
'hat course ought to be pursue he liabilities,
it is feared, are rather heavy. , It is stated that
this disaster has been occasioned by the with-
(ll:alval of capital by retiring partners, and an
injudicious expenditure in the erection of exten-
sive buildings.
The Liverpool Cotton Market yesterday closed
quietly, and prices were without any material
alteration. The sales were estimated at 7,000 bales.
0n the Stock Exchange a fair amount of business
Was transacted, and in railway shares values were
'.rather firmer.
Advises have been received from China, via
I.ieste, reporting a further advance in the rates of
eXchange at Hong Kong and Shanghai. It
aPpears that the deliveries of tea and silk show an
inVortant falling off.
The recent supplies of gold have been disposed
of; and the specie movement is, temporarily, rather
quiet. Further consignments are expected from.
Australia during the next few weeks, but it is
generally imagined that the exportation to the
Continent will be continued, especially if the posi-
tion of the Eastern exchanges should lead to
enlarged remittances to China.
A meeting of the shareholders of the European
and American Steam Navigation Company has
taken place today-W. R. Crawford, Esq., M.P.,
in the chair, who stated that they were called
t"tether simply to consider the state of their affairs,
and to adopt resolutions accordingly. He was not
ring to propose a liquidation of the company, for
should be most happy to see it carried on
Nigorously, if the shareholders could only agree
12P011 plans necessary for that purpose. He reminded
them
that two years ago their fleet was purchased of
`°e General Screw Company for £320,000, with
,the liability of paying off the dissentient share-
holders to the extent of £96,000. After this they
agreed with Messrs. Crosskeys and Co. to manage
the Company, who then pledged to provide one-
third of the capital, which they had failed to do.
Another difficulty to their progress was that the
engagements made with Messrs. Crosskeys for
completing the vessels for service were largely ex-
reeded by them. These two circumstances had
d them into difficulties, and had caused the notice
'a, bankruptcy from a debenture holder. He
hoped, whatever the shareholders did to-day, they
would not stay the process of the arbitration in re-
413eet to Messrs. Crosskey's accounts, for he believed
1,1. large balance would be forthcoming for the share-
holders. The chairman ended his observations with
the earnest hope that the meeting would agree, if
they could devise the means, to go on with the
company ; if not, their only course would be to
~eecne speeThe dil to a resolution for a valuatory liqui-
‘44tion y discussion upon this subject was pro-
ceeding when this report was despatched.
The Market for Public Securities has been firmer
t
0-day, the transactions, though limited, having
indicated increased confidence. There has been
some purchases for investment which, as usual,
have imparted an improved appearance to
the
tion is unimportant. Consols are about
961
ri,,4 if at which they have remained all day.
lue New
Three per Cents. and the Reduced An-
nuities are steady, viz., 97k and 97k. The March
Chequer Bills are marked 365. to 395. prem.,
and June ditto, 365. to 395. prem. India Stock
has been dealt in at 230 ; the Debentures are firm
St 99; 100; and the Bonds 14s. to 16s. prem.
A limited business is recorded in the Foreign
Stock
Market, and prices are, in most instances,
*111137 supported. Venezuelan Bonds,' however,
are heavy, the 5 per Cents. being 44, and the De-
ferred 161. Turkish 6 per Cents. are 92a 1, and
he Scrip, Ist issue, -;,'- to Z- dis. ; ditto, second
rile) ito 1 dis. Brazilian 41 per Cents. (1858)
Improved to 951, and Portuguese 3 per Cents. to
48 and 481. Mexican remains at 201. Chilian
°!1:1 is ' to 1 prem., being steady.
The last week's railway receipts, ascertained up
to this day, arc in round figures as under :-
1858. 1857.
Great Western
Zrth-Western
b litho-Western
l:lghten.
el-land
-11.th-E,astern
Great Northern
Bristol and Yorkshire
t'rlatol and Exeter 5,630 5,521
Rerth-Eastern
n ater and Holyhead
6,495 4,821
fastancashire
9,726 9,044
110,,,Manchester_, Sheffield, and Lincoln
6,910 6,576
Oxford, Worcester, and Wolverhampton 4,399 4,154
46iniburgh and Glasgow . 5 192 4,863
. 7
r, 14sgo vv and South-Western
Great
Trunk of Canada
V'eat Western of Canada 7,792 10,067
Northern of France
There has been very little activity exhibited in
the
. Railway Share Market to-day, and prices in
several instances have slightly given way. Great
esterns, North-Westerns, South-Westerns, and
"North Staffords declined ss. Great Northerns
ill Proved ss. ; and Chester and Holyhead, and
bSouth-Bastern s, improved £l. The foreign lines have
In een quite neglected, prices being almost nominal.
the Colonial Market Great Western of Canada
-414 Grand Trunk of Canada show a slight improve-
°lent, and East Indian are firmer at fully yesterday's
Quotations.
Joint Stock Bank and Miscellaneous Shares are
//eeedingly dull. Ottoman Bank declined 55., and
Union of Australia improved ss. Electric .Tele-
graph, Royal Mail Steam, and South Australian
and have realised former rates.

a BRITISH FUNDS—CLOSING PRICES.
I,zAer Cent. Reduced Annuities 97i I 7
India perk per Cent. Annuities
is4.a Stock
Ditto
Debentures 991 100
-,,1tt0 Bonds, £l,000
°l[eiols for Account 964 li 7 61

March June.
DPlequer Bills, £l,OOO, 2d. & 9
6 lid.. 39 6 1 39 6
!"° 4500
Ilk, small, lid.
It FOREIGN FUNDS--CLOSING PRICES.
r,a,ziilian 5 per Cent.
Kilian,
18.58, 41, per Cent. 951
14n, 6 per dent.
Ile—
Ditto 41 per Cent. Scrip i P
-,,liean 3 per Cent. —
lb (lift° Account
(tt.-.4triese, 1853, 3 per Cent.
1,11,P0 Account
Ditto
mh 6 per Cent. —
-,l,i'tto New Loan Scrip
veliitto Account
I)ltzutoeAlac,esounpert Cent.
44 3/ i
Ditto Deferred 2 per Cent. l6t
Dividends on the above payable in London.
THREE O'CLOCK.

Consols, Money
Ditto Account, Jan. 11 96! ad

Morphy and M. Anderssen yester-
k(,, posed the second game of their match, but without
ch.J decisive result for either party, the game ending in a
in 'hero hasjust been discovered near Mount Athos,
thir,,r"ce, a manuscript, which dates as far back as the
century. It is on the subject of gymnastics, and is
the le,rl by Philostratus, the philosopher and the author of
ife of Appollonius of Thyana.
ItiWe regret to have to announce the death of M.
ttt Vult, aged 38, one of the political writers itz the Debats,
ber,,vreux, to which place he was removed after having
ta;;Z Baddenlv seized with indisposition from excess of lite-
work. He loaves a widow and two children.