The Sun.
London, England, 1858-05-17 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The advicea from most of the manufacturing dis-
tricts report that business is gradually improving
from its late gloomy state. At Lqeds there had
been a better sale for the heavier kind of cloths,
and in the cloth-balls and warehouses a fair amount
of purchases had been made, and the autumn trade,
it Is generally expected, will be of a full average
character. Wools are in steady demand, at fair
Prices. At Bradford there is rather more
machinery employed on American account, and
the prospect of a revival of trade with the United
States continues to improve, and the condition of
the
classes in the district. is improving, al-
though not very rapidly. Business at Hudders-
field has not been very active, buyers having pur-
chased small quantities ; but altogether prices of
both wools and goods remain firm, with an up-
ward tendency. The hosiery trade at Leicester
has exhibited rather more activity. Worsted yarns
are flat, but in wools a fair amount of business has
been reported at full rates. There has been less
Manchester,
exhibited in the Cotton Market at
"Ililehester, but spinners and manufacturers
,having rather large orders on hand, demand
IQ values. For printing cloths there is a
fair inquiry, and long cloths, owing to the short-
ness of stocks, are advancingin. value. The average
business during the past week is reported not to
have been large, but a cheerful and firm tone per-
lades the market. At Birmingham the iron trade
continues very steady, and prices have exhibited
increased firmness, owing to considerable orders
having been given out by the East India
Company. In the fancy trades of the district
there is little improvement to notice, but the
Papier machi and electro-plate branches have
shown signs of improvement. The hardware
trade at Sheffield continues very languid, but
the improvement lately noticed in the file and tool
trade continues. The demand for the Continent
has slightly improved, and in some branches of the
Cutlery trade symptoms of improvement have been
exhibited. At Wolverhampton the various hard-
Ware trades of the district have shown a little
improvement, but some of the wholesale houses
have been moderately active.

Accounts from Liverpool report that the cotton
market on Saturday closed heavily, and quotations
Were without any material change. The sales were
%Unlisted at 6,000 bales, 500 of which were taken
by the exporters. The Railway Share Market
Manifested a very quiet appearance, and prices
tended downwards.
There were no withdrawals of gold from the
sank. on Saturday, and it is expected that the
movement, if it has not wholly ceased, will, at all
"ants, diminish. The least upward turn in the
elcbange of Paris would no doubt destroy that
Profit Which has lately been derived from the trans-
taisaien of specie to France. In the event, how-
"er, of further consignments being made—for
Ville there is auy chance of profit the principal
"118 who embark in such operations will assuredly
continue their remittauces—no uneasiness need be
felt lest the bullion at the Bank will be reduced to
such an extent as to affect unfavourably the position
and prospects of the money market. The late
efflux is altogether of an exceptional character, and
cannot be prolonged when the shipments of silver
to the East are so limited, and when, moreover,
the Bank of France do not require supplies ob-
tained from this country. Meanwhile, the imports
of the precious metals are increasing, several
loaseLs having been announced this morning
With gold. If the withdrawals have ceased,
the deficit caused by those which have already
occurred will soon be replaced, but the chief part
of the supplies just received will, no doubt, be
absorbed for export purposes. These arrivals in-
clude the following :—the Roxburgh Castle, from
Melbourne, with 50,267 oz. ; the Sydenkam, from
Melbourne, with 26,669 oz. ; and the Caleroon,
:r,ith 19,921 of the total value of 387,4281. Besides
tile Guy Mannering from Melbourne, the Na-
avian from Adelaide, and the Alhambra from
the West Indies ; but the amount of specie they
bring is not yet known.
general position of the Discount Market re-
"cams unchanged. At present the improvement of
ederbas been too limited o produce such an in-
-
crre4ae of applications for money as to influence the
torrent tortes. They consequently continue very
There
and without any signs of permanent alteration.
rill-here is no prospect of any change in the mini-
t°
some time, for the last return issued by
e Bank of England showed that in spite of the
:cline in the notes and golf, the financial position
tile establishment had improved—that is to say,
the
liabilities had been greatly diminished, while
ea reduction of its assets was comparatively unim-
Aertest.
There was a special meeting of the Submarine
taken
Company to-day, at which power was
'Len to raise 150,0001. more capital for the com-
pletion of two submarine lines, one to Denmark
slid the other to Hanover, for which privileges
bade been granted to the company.
There is continued firmness in the market for
14glish Stocks, and although the transactions
_are
1.
Itnited, they are not of a character to produce de-
Premien. The suspense created by the debate natu-
!ally checks business,and amidst so much uncertainty
it is rather surprising that values should be so well
maintained. Consuls have been 97f if, and 971 for
honey ; for account they have been at 974 and
94. The New Three per Cents. are 954 96 ;
and also the Reduced. Bank Stock is 221, and
India do. 222. Exchequer Bills are 375. to 40s.
Pram. ; and the Bonds, 100} ; Indian Deben-
tures, 1001
Foreign Securities are quiet, but continue at
r„4clY rates. Turkish 6 per Cents. are marked
I, and the 4 per Cents. are quite nominal.
bieruvian Dollar Bonds have been dealt in at 631,
'-4(-Inader Lend Warrants at 312, Grenada New
_active at 2 Buenos Ayres at 82, and the
lieeferred at 18. Sardinian are 921, Spanish 3 per
"te. 444 and Brazilian 5 per Cents. 102 k.
everyr limited business has been done in the
y share market this morning, but in one or
two instances a slight improvement is apparent.
at Northern, Great Western, Lancashire and
Yorkshire,4 North British, and South-Eastern
other 55., and Eastern Counties 10s. Ia the
re„er, lines dealt in there is little alteration to
atr' in Prices. The foreign and colonial lines
Oin,,,very inactive. East Indian and Grand Trunk
Mines, Banks,
have each declined about 10s.
resS Banks, and Miscellaneous Shares are
cteys show a downward tendency, Lon-
have receded 55., and Union of
.A,(l°Zenadin.cidurin
la improved about ss. Crystal Palace and
London General Omnibus Company are at previous
quotations.

IittrTISTI PIINDS.—CLOSING PRICES—THIS DAY.
tatxit Stock ••
( From the Offiesal List;)
. 221 2
..
j 3 uer cent. Reduced, Anneities 96 5
o.,„Per Gent, Console Annuities • 97Viiiiii
41 ew 3 i
• per Cent. Annuities . 96 5i 6i
Long Annuities (Exp. sth Jan., 1860).... 1$
India Stook.. ........ 222 4
India Loan Debentures, .......................... /00i
lDittoscrip . .............................. 100 i
ull.: acad.., tuna) .......... ... ..... ... ..... 22 4
Ditto, under £1000.............. 24 CoLsols for Account .... ........... ..... ..... . 97$ A
Ezehnner Bills, Zie; March. June. 41000 . ...... ...
I 37 40
X 560
I 40 37
Sm%il
.... ..... ..... .. - 1 40
Pr(.lletiner Bonds, Itis9, Ri per Cent....
$
D dto, 1959
PRICES OF2, FOREIGN FUNDS—THIS DAY.
Bresliian 5 per Cent.
Buenos Ayres Bonds, 6 per Cent.
ilitto Account
Ditto Deferred. .. lB
%Wan Bonds 6 per Cent
. Ditto 3 per 'Cent.
Q madorNew Consolidated
...Ditto Provisional Land Warrant
211 1
:31.rensdn New Active, 21 per Cent.
4exican 3 per Cent
Zrt4tuguese Bonds, 3 per Cent., 1653 - 6}
krdinian tionlB, fi per Cent. -
..,"niPh Roads, 3 per Cent.
eh Bonds, 6 per cent 963 & i i
Ditto Account
Ditto Guaranteed, ; per Cent.
Dividends en the above nayable in London.
Peruvian Dollar Bonds, 41 per Cent 63;
Consols Ittzt EB O'er OCE.
money 97
Counoli for Account, (June 3) 972b
1