The Sun.
London, England, 1858-10-29 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
In the markets for Foreign and Colonial Produce
the transactions during the last few days have
been of a very limited character, and, with the
exception of tea, scarcely any alteration of impor-
tance has taken place in prices. At public sale tea
sold rather slowly, at a decline of about N. per lb.
Sugar has been very quiet, but holders still continue
to demand full rates for most of the better qualities.
The transactions in coffee have been unimportant,
and prices have exhibited little alteration. A fair
demand has been experienced for new fruit, and
Prices have been supported, more particularly for
good and fine qualities. Saltpetre has been dull,
and at slightly reduced quotations. For tallow
there has been rather more inquiry, and prices have
shown an upward tendency.
Accounts from Liverpool state that the Cotton
Market yesterday continued very dull, and prices
of all descriptions were at a slight decline. The
Sales were estimated at 5,000 bales. In the Rail-
way Share Market there was rather more anima-
tion, and values in some instances improved.
Although the Bank authorities consider it pru-
dent or unnecessary to reduce their rate of dis-
count below 3 per cent., and there is, more-
over, some probability of an increased exporta-
tion of specie, the existing easiness and abund-

ance of money may be expected to continue: Until
trade expands to a sufficient extent to bring into
use a further large proportion -of the resources of
the general market, which are now considered
excessive, no permanent alteration in- this
respect need be anticipated. But there
is one point that seems to have escaped the
notice of those who have criticised the proceedings
of the Court in rather severe terms, viz., the pro-
bable effect of the resolution announced some time
'ago, by -which it was determined that the autho-
rities would hereafter decline to re-discount for the
brokers. 'When, therefore, the plethora now expe-
rienced decreases, and the demand, through ex-
tended trade requirements, and the promotion of
new home and foreign schemts, again be-
comes animated, a sudden reaction may set
in, necessitating a rise in the terms of dis-
count instead of a reduction, which many
are now disposed to advocate. That a movement
of this kind will occur before many months have
passed seems exceedingly probable, and the con-
tingency is, no doubt, fully weighed by the
executive of the national establishment, in reviewing
from week to week the position of their resources,
and the manner in which they are likely to be
influenced by the developement of various im-
Pb
_dant symptoms, which, from their apparent
gnificance, scarcely attract the notice of the
general. public.
The meeting of the Great Indian Peninsula Rail-
\vaY Company took place to-day. It appears that
p u°i- miles of railway are open for traffic, 732 under
tract, and 3721 unlet, together 1,2354 miles.
~
meet the increased liabilities the directors had
November
a call of £2 per share payable on the 25th
.9.l._bvember next, which will place all the unpaid
~,,_B'll4reS upon the level of £4 per share paid. The
47, ipts for the half year were £42,166 4s. 7d., and
re expenditure, £17,075 13s. ld., leaving a
balance or profit of £25,090 1 ls. 6d. The report
now under discussion.
A special meeting of the Scottish Australian
..4nvestraent Company was held to-day—Mr. Dick-
"- in the chair ; the object being to confirm the
conversion of the shares into stock, agreed to at a
Previous meeting, which having been passed, the
keeling adjourned.
A meeting of the Cologne Mining Company took
Place to-day. It was hoped that the mines might,
consequence of the change of management,
11, e worked at a profit. The accounts showed a
balance in hand of £235 4s. 6d.

Although the transactions in the English Stock
Market are • very limited, the quotations are well
blaintained. Business is, no doubt, impeded by the
desire felt among the speculators to await the
Bank return, and the statement respecting the ex-
4ges before ent;rging their engagements. Con-
-4,1°1s are about. 98.1 1 for money as well as account.
he New Shares and Reduced Annuities are 971.
ul' Stock is rather firmer, viz., 225 ; India ditto
advanced to 225 to 227; the Loan Debentures were
9—'4Q dY, the Ist issue being 991 and the 2d ditto
al; the March Exchequer Bills, 375. to 40s. pm. ;
4ue ditto, 345. to 375.
1, A fair amount of business is recorded in the
6ign Stock Market, and prices are well main-
-1:74. Turkish
.6 per Cents. are 934.94 ; ditto
2e ,N) (first issue), -a- -7-4 pm. ; ditto (second issue), 11;
; ditto 4 per Cents., 1054 ; Peruvian 41 per
e
e4s., 911 92
.; ditto Uribarren, 80 82 ; ditto 3 per
Pe.,,llts*, 711 ; ditto Dollar Bonds, 78 781 ; Buenos
.71. es 6 per Cents., 80 ; Mexican 3 per Cents., 20 ;
dttuguese 3 per Cents., 47; Sardinian 5 per
e!ts., 94; and Austrian 6 per Cents., 86.
Business in the Railway Share Market has been
hther dull, and a decline of about to 1 per cent.
,s taken • place in most of the principal lines.
Caledonian, Edinburgh, Perth, and Dundee, Great
I e
~..Btern, North Western, Midland, North British,
serth Eastern (Berwick), have each declined
t.; South Western, 10s. ; and North Eastern
I(e'rk), 10s. to 15s. The Foreign and Colonial
es are very inactive. Paris and Lyons have
im-
proved 55., Grand Trunk of Canada, ss. to 10s. ;
and Great Western of Canada about ss.
bXoint-Stoek Bank Shares are a shade flatter.
ank of London have receded about ss. ; London
Joint-Stock, ss. ; and Union of Australia, 10s.
In the Miscellaneous Market, Royal Mail Steam
are steady at 621 ; European and American Steam
2i; and Peel River Land, 2a .1.

NBRITISH FUNDS—CLOSING PRICES.
I* Stock
j‘Ttper Cent. Reduced Annuities 971
ew
rr Cent. Consols Annuities
3
917 7
14d. Per Cent. Annuities
Ditto l Stock
.„ Debentures 991
ii.-kutte 2d Issue
E.H.° 13uuds, £l,000
elo'' under £l,000
118018 for Account 9Bl
Ex March June.
b. equ cher Bills, £l,OOO, 2d. &lid... 40 r 31 4
Bill^, , ,Small, ,
185 lid. 9, 31 per Cent. 37 1
1001
.nonds
Er ,;„POREIGN FUNDS—CLOSING PRICES.
Dian,a4-t 5 per Cent —
)14 1858, 41 per Cent. ' 971
--
Buenos 'Ayres, 6 per, Cent. BO
per lejcan 3 per Cent
,Ihtittotiooau.Actletrbupirreit• Cn)e.n,
92 11 2
801 80 2 1i 21
3 per Cent. 4t 1 per Cent.
DittoP rh, Account
71 1
Nu.l3-cii.guese, 1853, 3 per Cent.
94
.1‘121111)art iki :it:8:1.01:j 1,46c1) escp:r peru
Account
Cte Cent.Cnetn : Cent
. 47
9 4
1,13tt0 New Loan Scrip 94
Ditto Account
kutto 2d Issue
Diti„ ILI P
--,, Guaranteed, 4 per Cent.
Dividends on the above payable in London.
NUR •
1).., ilia-11, 10 Gu. X, 5 per Cent,
vrilvian Dollar Bonds, 41 per Ct. Ex. 4s 7Bl 80 79

Consols, Money
THREE&CLOCK.
Ditto Account, Nov 10
-
981

We have reason to believe the Proclamation
*hick was to announce the assumption of the Government
(ttindia by the Queen was drawn up and despatched from
b t country some weeks since. Intelligence of its arrival
India may be very shortly expected. Times.
tlfaitarge quantities of coals have been washed
i lore on the beach between Blyth and Seaton Sluice dur-
injhe last few days, also an abundance of seaweed. The
t—Luers in the neighbourhood have secured an excellent
6-PSIY of each of these useful commodities.—Newcastle
roniele.
A MAN CARRIED AWAY BY A KITE.—A young
evll;' named Power, residing at Castlecomer, went a few
ag to fi what he termed a Spanish rand" Yer7
, o y
r le,aimensions aving adjusted the cortail, it
falls", ascended a brisk breeze until it had taken the
110,4eagth of the cord, which became entangled round
tali„„"er's hand. The wind increasing, he was drawn a dis-
c4tF of nearly half a mile in the greatest agony, the cord
,'curate
into the bone. The Rev. Mr. Penrose, the Pro-
file,' citrate of the parish, seeing the man running and
of taig, at one -time raised off the ground for a distance
ilerc-t3Ple perches, and again running along at full speed,
hieelved that he was dragged by the kite, and followed
i 2 as fast as he could ; but being unable to come up with
he shouted at the top of his voice to " let go ; there
kite"; man killed in a thunderstorm by the. lightning of a
red 'When Power heard these 'words, he shouted with
thealibledvigour, but could not extricate himself until, after
the (tlistance mentioned,he was stoppedbya high stonewall,
the "°.I) of which being coped, cut the cord and set at liberty
kite and its owner, who was almost lifeless with fatigue
—4" flight —Kilkenny Journal.