The Sun.
London, England, 1858-10-13 00:00:00

CITY, Two O'CLOCK.
The progress of commercial affairs in New York
is still indicative of a tendency towards recovery,
but the movement is very slow and tedious, and
appears to create some disappointment among those
engaged in mercantile pursuits. Considering the
severe and violent character of the revulsion
of last year the improvement, limited as
it may seem, is perhaps as satisfactory as could
reasonably have been expected, and many of the
local papers, in alluding to this subject, justly re-
mind the commercial public that the business
now transacted, though comparatively dull, is
legitimate and healthy, whereas the previous
animation and extreme buoyancy were produced by
reckless speculation, the effects of which are still
painfully apparent. The United States Economist
nukes the following remarks in reference to the
improving tendency of t ade, :—" The prospects are
good for a fair business throughout the next two
months, and while the demand will be characterised
by extreme prudence and moderation it will be
sufficient to work the stocks of goods down to
as low a point as we could expect. We cannot
refrain, while recording the present smoothness
and quietude of the business current, from
contrasting it with the excitement and ir-
regularity which so extensively prevailed just one
short year ago. Money was worth then per month
almost as much as the most usurious capitalist
would now ask for its use per annum, and all the
channels of business seemed to be hopelessly
and permanently bloCked. We have no desire
to indulge, in gloomy recollections, but it is well
for us sometimes, when tempted to complain
of the lack of activity at present, to contrast
our present position with that we occupied
a year ago. We have recovered rapidly, but our
weaker brethern of the 'West require rather more
time to place themselves in their old position,
and we should not expect anything more of them
than their best efforts to extricate themselves from
their embarrassments ; next year we shall hear
from them as we would wish, and shall reap the
benefit of the prudence they are now exercising in
buying lightly and sailing close to the wind."
The Liverpool Cotton Market yesterdaypresented
a steady appearance, and prices of all kinds were
fully supported. The sales were estimated at
6,000 bales. The Railway Share Market closed
quietly, although quotations slightly advanced.
At the public sales of indigo, which commenced
yesterday, there was a fair attendance of buyers ;
good and fine Bengal qualities were at a slight de-
cline compared with previous rates, but medium
sorts realised higher prices.
At a meeting, yesterday, of the creditors of
Messrs. E. and F. E. Westrup, millers, of Bromley,
Who lately failed, a composition of 7s. 6d. in the
Pound was accepted. The liabilities are estimated
at £13,903, and the assets at £5,222.
A slight falling off is now apparent in the
demand for money in Lombard-street as well as at
the Stock Exchange. First class commercial bills
are negociated at 21 to 21 per cent., and even if the
Bank rate is not reduced it is expected that the
terms during the next few days will descend to
atabout 2 per cent., owing to the increased
te
-n-ance, resulting from the influx of
gold and the release of the dividends. The
inclbiry on commercial account, although reviving,
still too limited to check the declining tendency
nthe rates, and the effect of extensive payments,
connection with loans and joint-stock enterprise,
has not hitherto assumed a permanent form. Owing
to the large supply of available means advances on
Government securities have been freely negotiated
at 11 per cent.
Gold is now about 1-10th per cent. dearer in
Paris than in London, but in Hamburg it is
2-10ths per cent. cheaper than it is here.
In the Foreign Exchanges yesterday afternoon, a
slight downward tendency was apparent.
The market for English Securities opened
heavily at the reduced quotations current yesterday
afternoon. Business continued dull, and no im-
provement was visible until the Government broker
re-appeared as a buyer of Reduced Annuities, when
the quotations indicated renewed firmness. Owing
_
to the doubt respecting the policy of the Bank di-
rectors, speculation has received a temporary check,
but money is getting easier, and if the accumulation
mar
continues at the Bank, the buoyant tone of the
probably soon be restored. Consols
haveket will
been 981 1 for transfer, and 981
-a for the 10th
have
vely Imo. They are now 981 -2 and 981 t respec-
ti.
Bank Stock is marked 220 to 2211. The New
Threes are 97* 1 ; and the Reduced Annuities, 971.
The New 21 per Cents.(March
, 81/ 82. Exchequer Bills
),
345. prem. ; June ditto, 295. prem. ; and
the Bonds have been dealt in at 1001 1. India
Loan Debentures are 991, and the 2d issue 991;
ditto Scrip, 2d issue, 991 The Bonds (under
£1,000),14s. to 15s. prem.
n, Foreign Securities are active, and prices steady.
lurkish 6 per Cents, are 94* 95 ex div. ; ditto
ge • No. 'IP, l, 1 •?,- prem. ; ditto, No. 2, 1} 2 prem. ;
ditto 4 per Cents., 1051 ; Spanish New Deferred,
303- ; ditto Passive, 111 12 ; Brazilian 5 per Cents.,
~103 ; Austrian 5 per Cents., 851 ; Dutch 21 per
Gt
's., 661 ; ditto 4 per Cents., 100 ; Equador, 151 ;
Cents.nada
oNew Active, 211; and Mexican 3 per
, 21
•
The arrangements for the settlement of the past
monthly account are now in progress in the Rail-
Way Share Market, and prices in consequence have
Showed a downward tendency. In some f the Principal lines the amount of stock in the maroket is
rather heavy, andthe " contango" charged for carry-
ing over to the next account is preposterously high.
Great Westerns, Midlands, Norfolk, Nortßritish, and South-Eastern have declined ss. E tern Comi-
ties, Lancashire and Yorkshire, and North-Western
a 48., and Caledonian and South-Western, 15s. The
oreign. lines have been very inactive, and prices
requite nominal. In the Colonial Market the
dealings
were also of a very limited character. East
-Indian have declined 10s. ; Great Western of
Canada, as., add Great Indian Peninsular, ss.
Joint Stock Bank and Miscellaneous Shares
have been dealt in to a very limited extent, and
prices show no material alteration.

11„RITISTI FUNDS THIS DAY AT ONE O'CLOCK.
zank Sto k
07,
Per Cc/Jct. Reduced Annuities
N.P.!Cent Consols Annuities..
XT7 Per Cent. Annuities
vvi 21 per Cent. Annuities
inclia Stock
Ditto Debe
n res 99f
Ditto Ditto ditto, 2d Issue
's Scrip, 2d Issue
'into Bonds *1
oi • otte under 1,000000
Insols for Account 94 15
8i

March June.
ache-tuer Bills, Zl,OOO, 2d. &lid.. . 34 1 29
Ditto Bonds, 1858, 31- r Cent
1/itto, 1859 ......... : ......... .
BCE ItIOF FOREIGN FUNDS AT ONE O'CLOCK.
t rullian, 5 per Cent
ue/los Ayres, 6 per Cent , Ditto Deferred
171
-tquador New Consolidated
Ditto Provisional Land Warrant
MGrenada New Active, 21 per Cent.
exican 3 per Cent
2011
BPanish 3 per Cent. . . . .
Ditto New Deferred, iper deni.
,r,
Ditto Passive
4.lirki9h 6 per Cent.
Ditto Account
Ditto New Loan Scrip i 1
Ditto Guaranteed, 4 per Cent...... 105 i
Dividends on the above payable in:London.
kustrian, 10 Gu. X, 5 per Cent.
Dutch Exchange, 12 Guil. 21 per Cent 66/
100
Ditto Certificates, 4 per Cent. -
TWO O'CLOCK.
Consols, Money
98g
Ditto Account, Nov. 10

ZTiIE BALLET GIRL.---Fortune's sport ! Fortune's
eslY)—a ballet girl 1 And who thinks of the ballet-girl, ex-
in such a guise ? The ballet-girl a creature to ID!
t 'enled I Fair dames, of unsullied fame, would feel
Weyetaselves contaminated by the touch of such an one ; yet
Zraclend themselves to the encouragement of the display
?seBh tends to debase their sisters. They sit in their opera-
sand watch these young creatures in their light cos-
;Zecr6B, seeking the admiration which; too often gained,
nes their bitter cue ; and then, when the curse is
Who to the full, these fair pure dames condemn those
ft:o have thus amused their idle hours, and shrink in their
frainian modesty from the bare mention of their names.
~„, is the world's philosophy ; its misnamed prudence
and propriety This is the cold-hearted selfishness which
N47111,_ es worna'a to stand apart from those of her own sex
844a' more mu.ore than all, they require her care, and kindness,
$1144
Ce.—TaieB Magazine,