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

1110.NEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

The demand for discount accommodation is st

!nodevately active. As the resources of the mar-
ket, however, are superabundant, the increased
supply of
commercial bills has had no effect be-
3.arld forcing the terms current in the open
Market to the level of the Bank of England
niiniraurn. When the engagements now being
lib:Aided 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
become 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
liquidation
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 afternoon, that Messrs.
Metcalf and Co., distillers, of West Ham, were
unable to meet their engagements, and a meeting
of the creditors has been called to-day to consider
what course ought to be pursued. The liabilities,
it is feared, are rather heavy. It is stated that
this disaster has been occasioned by the with-
Irawal of capital by retiring partners, and an
'lnjudicious 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.
On the Stock Exchange a fair amount of business
Was transacted, and in railway shares values were
rather firmer.
Advices have been received from China, via
Trieste, reporting a further advance in the rates of
exchange at Hong Kong and Shanghai. It
uPpears that the deliveries of tea and silk show an
important falling off.
The recent supplies of gold have been disposed
Of, and the specie movment 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 to•day—W. R. Crawford, Esq., M.P.,
,411 the chair, who stated that they were called
together simply to consider the state of their affairs,
and to adopt resolutions accordingly. He was not
he
to propose a liquidation of the company, for
1-'n should be most happy to see it carried on
vigorously, if the shareholders could only agree
11 P°n plans necessary for that purpose. He reminded
their that two years ago their fleet was purchased of
the 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
greed 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
"inpleting the vessels for service were largely ex-
ceeded by them. These two circumstances had
led them into difficulties, and had caused the notice
In bankruptcy from a debenture holder. He
hoped, whatever the shareholders did to-day, they
'Would not stay the process of the arbitration in re-
-BPeet to Messrs. Crosskey's accounts, for he believed
lt 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
"Inpany ; if not, their only course would be to
e°llie speedily to a resolution for a valuatory liqui-
dation. The discussion upon this subject was pro-
ceeding when this report was despatched.
The Market for Public Securities has been firmer
to-day, the transactions, though limited, having
indicated increased confidence. There has been
have
purchases for investment which, as usual,
4ave imparted an improved appearance to
the quotations, although the actual altera-
tion is unimportant. Consols are about
9611 a, at which they have remained all day.
The New Three per Cents. and the Reduced An-
nuities are steady, viz., 97k and 971. The March
xehequer 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
at 991 100 ; and the Bonds 14s. to 16s. prem.
A limited business is recorded in the Foreign
Stock Market, and prices are, in most instances,
firmly supported. Venezuelan Bonds, however,
are heavy, the 5 per Cents, being 44, and the De-
ferred 161. Turkish 6 per Cents, are 924 -4, and
the Scrip, Ist issue, ;51- to dis. ; ditto, second
issney ;1; to k dis. Brazilian 41 per Cents. (1858)
unproved to 95k, and Portuguese 3 per Cents. to
48 and 481. Mexican remains at 201. Chilian
Loan is 41- to d prem., being steady.
The last week's railway receipts, ascertained up
to this day, arc in round figures as under :

great 'Western .
North-Western .
._oouth-Westet
ghton
Midland
South-Eastern
Ore;

1858.
27,916
56,128
12,775
12,410
33,764
15,611

1857.
28,247
55,286
14,268
12,579
29,982
16,090

,
peat Northern ..23,479
44/Icashire and Yorkshire
Bristol and Exeter
N,orth-Eastern
Chester and Holyhead
Manchester,
Lancashire 5,495
alanchester, Sheffield, and Lincoln
North Stafford
Edinburgh
Worcester, and Wolverhampton 4,399
mldinburgh and Glasgow
Cl',.„'lasgowand Trunk of Canada stern South-Western
"'r6B6

-treat Western of Canada 7,792
Northern of France

10,067
38,833

There has been very little activity exhibited in
the Railway Share Market to-day, and prices in
several instances have slightly given way. Great
Westerns, North-Westerns, South-Westerns, and
North Staffords declined ss. Great Northerns
improved ss. ; and Chester and Holyhead, and
South-Eastern s, improved El. The foreign lines have
been quite neglected, prices being almost nominal.
In the Colonial Market Great Western of Canada
and Grand Trunk of Canada show a slight improve-
ment, and East Indian are firmer at fully yesterday's
quotations.
Joint Stock Bank and Miscellaneous Shares are
exceedingly dull. Ottoman Bank declined 55., and
Union of Australia improved ss. Electric Tele-
graph, Royal Mail Steam, and South Australian
Land have realised former rates.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
3 per Cent. Reduced Annuities 97k i 7
New 3 per Cent.. Annuities
India Stock
Ditto Debentures 991 100
Ditto Bonds, £l,000
Consols for Account
March June.
._l(chequer Bills, £l,OOO, 2d. &ltd... 39 6 39 6
Ditto £5OO, .
Ditto Small, ltd.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 5 per Cent.
....Ditto 1858, 4f, per Cent. 951
alexican 3 per Cent •
ss Ditto Account
rortuguese, 1853, 3 per Cent.
Ditto Account
Turkish 6 per Cent —
Ditto New Loan Scrip
Ditto Account
venezuela, 5 per Cent. ' —
Ditto Account
Ditto Deferred 2 per Cent. l6l
Dividends on the above payable in London.
TWO O'CLOCK.

Consols, Money
Ditto Account, Jan. 11 96; id

CuEss.---Mr. Morphy and M. Anderssen yester-
'ay played the second game of their match, but without
AlnY decisive result for either party, the game ending in a

, There hasjust been discovered near Mount Athos,
112 L Greece, a manuscript, which dates as far back as the
third century. It is on the subject of gymnastics, and is
Vrittort by Philostratus, the philosopher and the author of
the Life of Appollonius of Thyana.
b.We regret to have to announce the death of M.
3.lgealt, aged 38, one of the political writers in the Debats,
tte Evreux, to which place he was removed after having
been suddenly seized with indisposition from mess of lite-
-4147 'Work. • 'Re lams widow aad two olaildivu.

Bedfoid and Bletchleyl all Ln & N.w - -
Buckinghamshire lOO ILn & N.W 99 100
Clydesdale Junction. 100 ,Caledonin 104 106
Colchester, Stour Val all lE.U.&E C 17 19
E.Lincolnshire,g,.6p.o 100 Gt. North. 143 145
E Union,HarwicliShs all E.Counts. 4 44
Do. Woodbridge lOO -
Gls.Barr.&Neils,Drct 100 Caledonin
Do. New lOO Do. •
Gloster& Dean Forest all Gt. West.
Hartlpool.Dck.&Rail. all Yk.N.&Br
Hull and Selby
Do.. Shares all Do. - -
Do. 1 Shares all Do. —
London&Greenwich
Do. Preference
Lon.,Tilby.&Soutend lOO Peto &Co. 94 06 954
Do. liarking Shares all Do. — --
121
Lowestoft, gua. 4p. et. 100 Norfolk..
Do. 6 per cant lOO Do. — -
Mane.,Buxtn. & Matk all LN W&M 24 1*
Midsb.&Redcr, g•.6p.e. all Stk.& Dar
Mid.BradfordPrf. Stk. 100 Midland . 99 161 994
Newmarkt.,BuryEx 1 5. 6. E.Counts. Pm
5. 4 i p
guaranteed 5 p. c.
Northn.& Eastn. 5 p.c. all Do.
Do. do. 6 per cent. . all Do. —
Do. Fixed 5 per cent.
t. all Do. —
Preston and Wyre. 1 all IA NW 1
& L
Do. 1 Shares A. all Do .Yk.
___
Roystn,Hitch.,& Shep 100 Gt. North. 142 144
Shf.Roth.&GoLg.sp.c. 18 11 6 Lan.& Yk
Shrewsbry& Hereford all T Brassey 91 9
South Staffordshire .. all M`Clean . Di ioi
Wear Valley, g. 6p. c. all tk.& Dar
Do. do.
Wilts and Somerset lOO Gt. West, 92 94
Wimbledon& Croydn • all L.&Brgtn 8 9
---- _---
DOCKS.
Share Docks. Paid Closing 1 Business
Prioe. 1 Docks.
St oek Commercial lOO
St oek Do 4 perCent.Pref .Min lOO
Sock East and West India lOO
Stock London lOO
Stock St. Katharine lOO
Stock Southampton lOO C 44
Stock Victoria lOO 101 103
20 DO New 4.1111//11.04111•0 18 .id i p