The Sun.
London, England, 1858-09-13 00:00:00

-ONEY MA.

'ITY NEWS.

CITY, Two o'CLocx.

The improvement lately noticed in the various
manufacturing districts, with one or two exceptions,
has been well sustained. At Manchester the tone
of b isiness continues firm, and an extensive demand
was experienced last week for home consumption
ar d for exporttaion. Cloths of all descriptions are at
higher values, and goods suitable for the India and
China markets are inquired for at improved quota-
tions. At Leeds the demand is steady, although the
regular course of business has been somewhat inter-
fered with by the festivities connected with the
Queen's visit. The general condition of the
woollen trade is prosperous, and there are excel-
lent prospects for the operatives throughout the
ensuing winter. The worsted trade at Bradford
continues tolerably active. Yarns are in good
demand and prices are firm. A fair amount of
business has been done in light fancy goods, and
some large transactions have also taken place in
heavy descriptions chiefly for home consumption. The
working classes of the district were well employed.
There was an active demand at Halifax for piece
goods, and carpets were at slightly improved rates.
At Leicester the hosiery trade continues active. In
the lace trade at Nottingham slightly improved
values are in request. The iron trade of South
Staffordshire has exhibited little change of im-
portance. A few South American orders had been
given out, and there is a prospect of
a speedy improvement. In the various
fancy trades of the district there has been little
alteration. The jewellery trade was exceedingly
dull ; but in tin-plate and lacquered ware there had
been a slight improvement. At Sheffield and Wol-
verhampton there arc symptoms of gradual im-
provement, but the orders for exportation are very
limited.

In the Liverpool Cotton Market, on Saturday, a
moderate amount of business was transacted, and
,values of all. descriptions were supported. The
sales amounted- to 'lO7OOO bales. The Railway
Share Market closed firmly, at former quotations.

The amount of gold taken into the Bank on
Saturday was £40,000.
The only arrival of importance announced to-day
is the Arabia, from New York, with £57,036 in
specie.

The general prospects of the Money Market are
in favour of the continuance of easiness and abun-
dance for several months. Perhaps occasional va-
.,riations may take place bath in the demand for and
value of accommodation, according as the engage-
ments, financial as well as mercantile, may be more
or less extensive ; but these fitful fluctuations do
not always give a reliable clue to the tendency of the
market ; nor must it be supposed, whenever there
is the slightest adverse movement, that a permanent
reaction has commenced. It is quite probable that
alterations of this nature will be experienced.
Already, within the last few weeks, symptoms of
increased activity have appeared ; but renewed
plethora, with a diminished inquiry, has timedi-
ately followed. It is not an exaggeration to say
that at least half-a-million sterling will have to be
provided before the end of the year, for loans and
public companies, besides what may be required for
other and more ordinary purposes. But the sup-
plies still available are immense, and it will
also be observed, as a circumstance which must
have the effect of neutralising a partial return of
pressure, that might otherwise result from these
disbursements, that the imports of the precious
metals still continue exceedingly large, while the
efflux is likely to remain much under the average
of the last few years. A rapid uninterrupted
accumulation of specie seems to be insured by the
position of trade, the Foreign Exchanges and the
state of the Continental money markets ; even the
loans lately negotiated will, for the most
part, be expended in this country. Under
these circumstances, and-with the knowledge that
the growth of trade must be very gradual, and that
reckless speculation is eschewed, confidence may be
felt in the maintenance of the present easy rates,
although a temporary rise of I or 3 per cent. may
be occasionally reported.

There was a meeting of the Brazilian Land and
Mining Company to-day, when it was stated that
the reports of Captain Trelowe were awaited as to
the real value of the property of the National Bra-
zilian Mining Association, which this company is
desirous of purchasing after liquidating its liabili-
ties. Several encouraging statements were made
as to persevering in this object, and after a vote of
thanks to Mr. Shepherd, the chairman, the meeting
adjourned.

The English Funds opened buoyantly, but busi-
ness is still very dull, and the settlement in Foreign
Stocks and Railway Shares occupies the chief at-
tention of the members. It requires a very little
pressure of stock to create a fractional decline, and
the non-appearance at the usual hour of the Bank
broker as a buyer was again made . the pretext for
speculative sales. A decline of -} per cent. conse-
quently ensued ; but the tone of the market is still
very strong, and there has since been a reaction.
Consols have been 971 4 for, money, and 971 tl for
account. The New Throes have been specially
transferred at 97a, and the Reduced at 97,-1. A
purchase of the New 21 per Cents. has been
effected at 811. The March Exchequer Bills are
325. to 355. prem., and India Stock is 217.
The East India Debentures are well maintained

at their late improvement, the first issue being
98N g, and the second ditto 981.
The Foreign Market is active, owing to the half-
monthly liquidation. Most of the transactions are
connected with the settlement, but prices are firm.
Spanish Passive have risen to 12 k ; the Certifi-
cates are firm at 51 ; the Threes are 46 ; and
the Deferred 291 1, being also an improvement.
Sard:n'an 5 per Cents. have been:dealt in at 92-1 4 ;
Venezuela 5 per Cents. have recovered to 39f ; and
Peruvian 41 per Cents. are 901 911 ; Grenada
Deferred, 6k ; and Brazilian 41 per Cents., 96.
Turkish 6 per Cents. are firm, at 951 96. The
Turkish Scrip is Is 4 premium, being firm.
The transactions in the Railway Share Market
have been of a very limited character. The usual
arrangement for the liquidation of the half-monthly
account being now in progress, prices have shown
a downward tendency, but the vi rations have not
been important. Caledonian and Manchester,
Sheffield and Lincoln have declined ss. ; Edin-
burgh, Perth, and Dundee, North-Western, South-
Western, and North Eastern (Berwick), 10s. ;
Eastern Counties, North British, and North-Eastern
(York), improved ss. The Foreign and Colonial
uniertakings shew very little activity, and prices
are steady. Paris and Lyons have improved ss. ;
Grand Trunk of Canada, 10s.; Lombardo-Venetian
declined 55., and East Indian ss.
Joint-Stock Bank Shares are at rather reduced
quotations. Bank of Egypt have declined 55.;
London Joint-Stock, ss. ; Ottoman Bank advanced
ss. In the Miscellaneous Share Market prices are
unaltered.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
3 per Cent. Reduced Annuities Shut 97J
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
New 2f per Cent. Annuities
India Stock
___ _

-----
Ditto Debentures, Ist issue
Ditto Serip, 2nd issue 9Bk
Consols for Account
March

Exchequer Bills, £l,OOO, 21d
Ditto 1;500,
Ditto Small, lid.

June.

32 5

PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Brazilian, 5 per:Cent. —
Ditto 1848, 41 per Cent. • 96
Grenada New Active, 21 per Cent.
Ditto Deferred
Peruvian, 4/ per Cent.
Ditto Account
Sardinian, 5 per Cent. 921 f 1
Spanish per Cent. 461 1 1
Ditto New Deferred, 3 per Cent 29a 1 A.
Ditto Passive
Spanish Com. Cert. of Coup. not funded 5l-
Turkish, 6 per Cent.
Venezuela, 5 per Cent.
Ditto Account
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 211 er Cent 391
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.
97k I
97i i

Consols, Money
Ditto Account..

DEFECTIONS FROM THE MILITIA.—The West
Essex Militia,. which has assembled at Chelmsford for tra
and exercise, is 321 men short of the nominal
0: the ander-roll (662), strength