The Sun.
London, England, 1858-01-04 00:00:00

MONEY MARKET

A.ll,

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK,

The advices from the
morning repr,sent busitiess as still being very
dull. At Manchester there had been a slight in:-
provement on the demand for long cloths, T
and printings. In yarns there was also rather
more business doing, and prices generally hal a
steady appearance. In the export trade, however,
little change can be reported. At L eels the tran-
sactions were of a very limited character, all per-
• SOUS acting with great caution. Tue failures in
the woollen trade, however, during the late panic
have not been very extensive, and it is expected
that the demand for spring goods will soon com-
mence at remunerative prices. In Nottingham
the lace trade has been inactive, the gloom that
has so long prevailed in the market has been by no
means dispelled by the usual inactivity of the
Christmas holidays. There are a few orders given
out, but no real beneficial change is expected for
some period to come. The hosiery trade at Leicester
has been exceedingly dull, the extreme mildness
of the season being against the sale of winter goods.
Great numbers of the operatives are out of employ-
ment, and sales of most kinds of goods have been
pressed at lower rates. At Birmingham the re-
duction in the price of iron has taken few parties
by surprise, owing to the large quantities of manu•
factured iron thrown into the market by the late
failures. Business is very inactive, there being an
absence of export orders. The coal trade of the
district continues dull, and in the several trades of
the district few orders have been received for any
description of local manufacture. At Bradford
most of the business community have been busy
stock-taking, and in ascertaining the result of the
last year's business. In wools there is little change
to report as regards values. In piece goods there
has been rather more inquiry, and some slight symp-
toms of a revival of trade are expected before long.
A decline of 1 or 2 per cent. in the minimum
rate of discount is looked for this week. The im-
provement that is supposed to have taken place in
the resources of the Bank w.iuld justify a further
relaxation, and the continued influx of specie-
-693,8171. having been received to-day—has
strengthened the conviction that some measure of
relief will be at once afforded. The dividends wl.l
be paid this week, the usualnotice having appeared,
and this distribution may be expected to render
some assistance in prcmoting case. No doubt
whadver can be felt that the terms of discount
will descend to a much lower point than attained
for a long time past. Important remittances of gold
are advised from Australia ; these will provably be
received in the space of a few week, snit the export
demand both for silver and gold being limite,i, the
bulk of any supplies, whether from Amelica or
Australia, must be sent into the Bank. The fol-
lowing vessels were reported to have left the colony
for England—viz , the Oliver Lang, with 47,442
ounces, and the Australia with 8,309 ounces, besides
the Northumberland and the Marco Polo, which
are sure to bring a considerable amount. The
Europa from New York has arrived with 468,0001,,
in specie, and the advices indicate the probability
of continuous shipments on a large scale. •
A further sum of 320,0001. chiefly Australian
gold, ex the Suffolk, was taken into the Bank on
Saturday. A further amount will probably follow
to-day.

A decline of about per cent. took place in the
English Stock Market soon after the commence -
ment of business, and its tone was very heavy, pro-
bably in consequence of the preparations for the set-
tlement which will have to be completed this week.
Under these circumstancesthe influx of gold into the
Bank on Saturday, and the large arrival reported
this morning have failed to promote any additional
firmness, the tendency, on the contrary, being
rather adverse. Consols have bten 941 Z, and 94i
but they are now at the former quotation. The
February price is 94a • the New Three per Cents.
are 94i ; and the Reduced, 94i ; Exchequer
Bills are ss. premium.
Foreign Securities have undergone no material
variation, and a large business is recorded. Turk-
ish 6 per Cents. have been 982 99. The 4 per
Cents. are 1031 104. Transactions have been re-
corded in Mexican at 201 21, in Russian at 1091,
Sardinian at 851 86, Spanish 41, and in Dutch 2k
per Cents, at 64:
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5 6 ; Mexican,
24, 21k ; Peruvian 4k per Cents., 79A 80k ; Por-
tuguese 3 per Cents. 44 46 ; Russian 5 per Cents.
106 108 ' • and Ditto 4k per Cents., 96 98 ;
Spanish 3 per Cents., 41 41k ; and Ditto Deferred,
254 26k.
In the Railway Share Market this morning busi-
ness has been rather active, most of the leading
lines having improved about to 1 per cent. on pre-
vious quotations. Caledonian, Eastern Counties,
Edinburgh and Glasgow,Brighton and Norfolk,
advanced los. ; Edinburgh, Perth and Dundee,
Great Western, and Manchester, Sheffield, and Lin-
coln, 1/. Bristol and Exeter, Midland, Lanca-hire
and Yorkshire, and South Wales, realise former
rates. The foreign lines are quiet hut steady.
Northern of France have risen Ms. Dutch Rhenish,
Antwerp and Rotterdam, and Sambre and Meuse
are at former quotations. The Colonial undertak-
ings are buoyant. Grand Trunk of Canada have
advanced 1/. 10s ; Great Western of C4nada, 10g. ;
atid East Indian, 10s. ; Great Indian Peninsular,
Geelong and Melbourne, and Bombay and B.,roda
are a shade firmer.

For Joint-Stock Bank Shares there is a steady
inquiry. Union of A ustralla improved ss. ; and
Union of LOtleoll declined 10s.

In the Miscellaneous Share Market no change
of importance has transpired. Australian Agri-
cultural advanced ss.

BRITISH FUNDS THIS DAY AT ONE ( )• r.
3 per u.tit. ,sedueed Anhuiths.
Now 3 per Cent. Annuities 94.
laJia
-
Ditto, under £ .•• 1000 2 d
Clot Bois for Account
Ex
£lOOO . 5 p
0500
5 7 pSuss'.... .
9
Rxchequer Bonds, 1859 5 p
Pi per Cont. Cent._
Ditto, 1859
98/
PRI.C.RS OF FOREIGN FUNDS AT ONE O'CLOCK.
Brar.luun 5 per Cent.
Ditto Account
Mexican 3 per CenZ,
Ditto Account
Peruvian Bonds 4/ per Cent
Ditto Account
Witte. 3 per Cent hs 3
Portuguese Bonds, 5 per Cent., Con. 1841 --
Ditto 181)3, 3 per Cent 43/ 43
Russian Bonds, 16'22, St., 5 per Cent._ 10A Bs-dints. Bows, 5 per Cent. ...... .. 85:16
Ditto Account
R 5
Ditto Account t
Tallith Fonds, 6 par cent o3i
Ditto Account 9Bv 9
, Ditto Guaranteed, 4 per Cont.
„'Ditto Account lO3/ I
Venezuela Bonds, 4/ per Cent
,:„Ditto Account
Dividends on the above payable„in London.
Dutch Exchange, 2,!-, per Cen'.;., 12 Guilders 641
Do. 4 per Cent. Certificates

Cone°le for account
Ditto, February

TWO O'CLOCK.
94 x d
04/ /

Tat AMERICAN MAIM—LIVERPOOL, Saturday.—The
ltritish and North American royal mail steam-ship
America, Capt. E. G. Lott, sailed from the Mersey at
eleven o'clock this forenoon for Boston and Halifax,
with the usual roads for the United States and British
possessione in North America, a full complement of
passengers (including 150 officers and men of the 62d
and 63d Regiments for Halifax), and a fair amount of
merchandise on freight. The America did not carry
Out any passengers.
SERIOUS COLLISION IN THE CHANNEL, AND Loss OF
Two LIVES.—LIVERPooL, Saturday.—The schooner
Foam, which sailed for the Azores on the 30th ult., has
returned to this port, having been in collision with a
brig when about fifteen miles west of Holyhead, in which
she was cut down to the water's edge, had her mainmarit
carried away, and two of her crew kil'ed upon the spot.
A legacy of 5001. bas been received Ly the committee
of the City of L d don Hospital for Diseases of the Chest,
Vic oria-park, under the will of the late M. John
Aitken, of Havana. The hospital being much in neeii of
funds at the present time, the assistance so oh aired
will prove most serviceable.
OFFICIAL APPOINTMENTS.—gr. Sergeant 13yles will
be the new judge, in the room of Mr. Justice Cresswell,
appointed to the Course of Divorce aud Matrimonial
C 'uses. Mr. Sergeant Wills is appointed the new judge
of the Supreme Court in India.
We regret to state that his Grace the Duke of Port
land is alarmingly ill from the shock he sustained on
Wednesday last in consequence of the fire which
occurred in his bedchamber, through the overturning of
some spirits of wine.—Court Journal.
The Poet Laureate i., it is said, (Illustrated London
Ifews) priming his poetic wings for a
flight—an
epithalarnitin—on the approaching marriage of the
Princess Royal.