The Sun.
London, England, 1858-11-10 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK7

The demand for discount accommodation, which
has already increased, is expected to become more
active during the next few weeks. At this season
of the year it is generally observed that the re-
quirements of the mercantile community, who are
preparing for the spring trade, absorb a larger
amount of capital, and, on the present occasion, this
feature is likely to be more fully developed than
usual, because operations of late have been on a
reduced scale, and the prospect exists of a rapid
improvement in all descriptions of business during
the spring. This impression is founded on the
advices received from distant markets, whither a
large proportion of our commerce is directed. In-
creased transactions may be looked for in all
directions. Besides an active resumption of mer-
cantile intercourse with India and America, the
opening of the Chinese ports, and the gold dis-
coveries in the Fraser River, are almost sure to
stimulate the enterprise of the commercial public.
The improvement of trade is not likely to be rapid
or sudden, but progressive, and the augMented
supplies of monerthat will be gradually drawn
into profitable employment must tend, with the
diversion of capital for joint stock undertakings,
to diminish the easiness of the discount market,
Which has been so long experienced. The effect,
however, will be most beneficial, although it may
lessen the buoyancy of the funds, for it is only by
such means that a restoration of mercantile
prosperity can be insured. Symptoms of an
increased demand, and of a rising tendency in the
charges for the negotiation of bills, are already
visible, although the current quotations in Lombard-
street are 21 per cent., and the minimum at the
Bank is maintained at 3 per cent. Money has been
a " drug" in the market for many months, and all
'ho desire tq„see a return of active buSiness will
regard with satisfaction a rise in the terms of dis-
count to what may be considered an average point,
if they can be assured that the movement has been
Produced by a legitimate extension of commercial
enterprise.
There were no withdrawals of gold from the
Bank yesterday, but the remittances by the City
of Baltimore and the Africa, amounting to £153,507,
were purchased for transmission to the Continent.
The Liverpool Cotton Market, yesterday, pre-
sented a steady apppearance, and 7,000 bales were
disposed of at full rates. On the Stock Exchange
al. limited business was transacted in Railway Shares,
but quotations slightly improved.
The silver market is very firm, owing to the
arraugements in progress for the steamer which
leaves for the East on the 20th.T,It is expected that
sue will take out £400,000, being the largest remit-
tance for some time past. Bars are quoted ss. ltd.
Per oZ., standard, and Mexican Dollars, ss. Old.
Per oz.

A strong feeling is expressed among the shipping
Interest against the proposed troop line of steamers
to India, via the Cape. Such an arrangement it
18 Contended would constitute a monopoly, which,
°esides operating to the advantage of the Govern-
kent, would necessarily deprive shipowners, as a
class, from taking part in the transport service of
the Government.
The English Stock Market is rather flatter, but
business is dull, and the fluctuation is merely frac-
tlonal. Consols are 98 to 981 for money, and 981
for the account. An unfavourable feeling is still
created by the prospect of an increased exportation
:f specie. Bank Stock is firm, viz., 225 to 227.
The New Threes and Beduced are sfeady at 96 ;
'4llg Annuities, 78 3-16 1. India, Stock is marked
.226, and ditto Loan. Debentures, 991 for the first
Issue, and 991 for the second ditto. The March
Exchequer Bills, 38s. prem. ; June ditto, 295. prem.
and ditto Bonds, 100 i d.

Foreign Securities have been largely dealt in,
but at rather le wer rates. Turkish 6 per Cents.
are 921 93 ; the Scrip, Ist issue, 1 g prem. ;
ditto, 2d, 11 1 prem., being steady; Buenos Ayres
.6s.per Cents are 821 84.; Peruvian 41 per Cents.,
u I POrtuguese 3 per Cents., 47 ; Russian 5 per
Cents., 1131 114 ; Sardinian 5 per Cents., 941 ;
Austrian 5 per. Cents.,. 84 1 Dutch 21 per Cents.,
664 ; and ditto 4 per Cents., 1001

In the Railway Share Market the transactions
have been of a very restricted character, and in
Most instances piices have shown a downward
laevement. Lancashire and Yorkshire, North
Western, and Midland, have declined ss. ; Cale-
donian and Great Western, 10s. ; North British
and North Stafford improved 55.; and East Lan-
cashire, 1 ; Brighton and South Eastern were at
former quotations. In the Foreign and Colonial
Market there was scarcely any business reported.
Lombardo Venetian have improved ss. ; East In-
dian have declined 5s ; and Geelong and Mel-
bourne, 10s.

Joint-Stock Bank and MiscellaneouS Shares
are very inactive, and remain mostly at previous
values.

ranitITsItSOHckFUNDS THIS DAY AT ONE O'CLOCK.
225 7
, Per Cent. Reduced Annuities 9ii
'Weer tent. Consols Annuities
Low 3 per Cent. Annuities
Zir. A.nnuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth Apr., 1885.. 18 3-16 i
Indiais Stock
Ditto Debentures 991
Ditto 2d Issue
Ditt Scrip, 2d Issue
Co'onsols for Account, Dec. 7 .
March .June.
titxy•thoe
Small,illilsd,. £l,OOO, 2d. &14d... j 29
. 38 I
Ditto Bonds, 1859,. 34 per Cent
I;qItICE OF FOREIGN FUNDS AT ONE O'CLOCK
Buenos Ayres, 6 per Cent. Bl
Ditto Account
Ditto Deferred .. lB4
Grenada New Active, 21 per Cent.
Ditto Deferred
Peruvian 44 per Cent.
Ditto Account
ort.
D --13.,guese, 1853, 3 per Cent.
Russian, 1822, £ St., 6 per Cent ll4 13i
Ditto 41.- per Cent. -
Sardinian, 5 per Cent. lO3 .
94i
Turkieh, 6 per Cent.

Ditto New Loan Scrip -
Ditto Account
Ditto Scrip, 2d Issue
„...Ditto Account
Venezuela, 5 per Cent. . —
Ditto Deferred 2 per Cent l5
Dividends on the above payable in London.
kustrian, 10 Gu. £, 5 per Cent. -
Dutch Exchange, 12 Guil. 2i per Cent 66-
Ditto Certificates, 4 per Cent.
r el-avian Dollar Bonds, cli per Ct. Ex. 4s BO/
TWO O'CLOCK.
Consols, Money . 98 /
Ditto Account, Dec.

SACRILEGE BY TWO POLICE-OFFICERS.—Yester
day (Tuesday), Thomas Twaites and William Smith, both
the Liverpool
of the Liverpool police force, were brought up at
Liverpo)l police-court, charged with hawing broken
14to the church of St Paul, Pancras-park, on the prev:e is
night; and with attempting to steal a large quantity of sur-
plices, prayer-books, and other valuable articles. From
too evidence of Inspector Dod, it appears that the prisoner
//lust 'have effected an entrance by breaking through th
north transept window, as the inspector states that whil-
w,ing his rounds on Monday night, about 12 o'clock, hi
attention was attracted to that part of the building by hear
big anoise, not quite devotionttl, of some persons talking
aloud, accompanied by hard knocks. He immediately exa-
mined the windows, and found the north transept window
broken. He then went for some assistance, and had the
church surrounded, while he went inside. On going to the
vestry door he found it locked, but could see a light glimmer
inside: Eventually the door was opened, and the prisoners
were, found inside, with two large bundles made up ready
for carrying away. The cupboards had been ransacked,
,tie drawers opened and upset, the wine drank, and the ves-
try altogether appearing in the most complete disorder. On
the inspector asking the prisoners what they were doing
Viere, they said, " If he did not shut up, they would dd.
's°oll make him," at the same time holding out two hand-
Lterohiefs, in each of which there were sling shot and stones,
hiding, however, that resistance was useless, they were
Ctaken into custody. Mr. Hornby, of the Dock-office, swore
"" one of the prayer-books, and the sexton identified the
remainder of the property ; after which the prisoners were
committed for trial. It is stated that one of the prisoners
iR the beau of one of Dr. M'Neile's (the incumbent of St.
• Paul's) servants.
DESTRUCTIVE FIRE.—The beautiful mansion in
the occupation of the Bishop of Exeter, at Bishopstowe,
oat a mile from Torquay, took fire on Sunday even-
111g. ;The whole of one wing was speedily in a blaze.
i7•B it was seen that this part of the building could not
saved, every effort was directed to the preservation
of the main building—a magnificent pile of architec-
ture in the Italian style—over which the wwarchitec-
ture,B blowing strong from the eastward, swept the flames.
with this view a number of navvies, some of the coast-
guardsmen, and other persons, immediately set to work to
Eon down the housekeeper's and other rooms, and notwith-
fTMing that for two hours they were exposed to showers
I?urning, flakes and to blinding volumes of smoke, the
2"ivas ultimately accomplished, and the main building,
afteradto have
difficulty, was preserved. The fire is
have originated by the falling of some oil on the hot
Plate
of the stove, as one of the servants was engaged in
triml4ing the lamps,