The Sun.
London, England, 1858-05-31 00:00:00

M ONEY MARKET

COMMERCIAL INTELLIGENCE.

CITY, Two o'CeocK.
The advices received from the manufacturing
districts represent business as still progresing
towards improvement, although the intervention of
the Whitsuntide holidays had in some measure
Prevented an active business being entered into.
There is little change to report in the iron trade of
South Staffordshire ; it is far from active, but
there are nevertheless symptoms of improvement.
At Birmingham the various fancy trades of the dis-
trict have exhibited less change; there is less business,
however, going on. At Sheffield business has been
Wet, owing to the holidays. At Wolverhampton
the saddlers' ironmongery trade is active, owing
to the completion of orders for the East India Com-
pany, Business at Leeds ha 3 been limited ; the
tone of trade, however, is firm, and the operatives
generally are finding full employment. At Hud-
dersfield most of the manufacturers are receiving
full time, and there is a good inquiry for goods for
the autumn and winter. The hosiery trade at Lei-
cester has been steady ; a rather better demand
has sprung up for goods for exportation, but the
Mills in most instances are working short time.
The lace trade at Nottingham has been dull, but
a few shipping orders have been given. Manu-
facturers still keep stocks very low. There have
been but few buyers for the American markets,
and operations have been on a very limited scale.
The Liverpool Cotton Market on Saturday closed
heavily, and prices of all descriptions were un-
altered. The sales were estimated at 4,000 bales.
In the Railway. Share Market there was no anima-
tion, and quotations tended downwards.
The Public sales of Foreign and Colonial Wool,
which commenced on the 29th April, closed on
Saturday. The amount offered for competition
was about 58,316 bales Colonial, and 839 bales
sundries, together 59,155 bales. The attendance
of home buyers during the series was good, but
there were very few foreigners present. At the
commencement prices went at a decline of about
lid. to 2d. per lb, on the rates realised at the last
February sales, but towards the close a better feel-
ing was manifested, and prices were rather firmer,
More particularly for the fine qualities of Port
Philip and Sydney wools. Some large parcels of
together with East India and low wools,
Will be sold during the next three days.
The advices received from America to-day, re-
Port a further slight advance in the rate of ex-
change upon London. Remittances of specie may
consequently be anticipated. The Europa, the
vessel by which these accounts were conveyed, has
brought a small amount of gold, viz., 80,0001.,
4141 a further supply of the precious metals is also
announced to-day, viz., 185,0001., by La Plata,
from the West Indies.
There is still a very limited demand for discount
accommodation, but in consequence of numerous
PaYtnents having to he made during the next few
Weeks, the general inquiry is likely to become more
animated. Several instalments are becoming due,
ill Connection with loans, and these will, no doubt,
temporarily give increased employment to late dis-
Colletera and others engaged in similar transac-
tions.
At the half-yearly meeting of the Trust and
LDan Company, Upper Canada, to-day, a favour-
able report was read, showing a net profit of 9,871/.
from the half-year's transactions. A dividend, at
the rate of 7 per cent. per annum was agreed to,
and the report was adopted.
The Brazilian Loan has been allotted to-day, in
the proportion of one-fifth of the amounts applied
for, showing that the sum subscribed must have
been equivalent to seven and a half millions
sterling.
reduction of per cent, has been made in the
interest on French Treasury Bonds.
The resources of the Bank of France continue to
accumulate, and it is thought that the terms of
discount will be lowered is the space of a few
Weeks.
The market for English Securities has partly re-
covered from the unfavourable influence of the ex-
tensive sales effected on Saturday. Business is not
lerY active, but there is a better feeling, and the
advices from America, respecting the indignation
eaUsed by the proceedings of the British cruisers in
the
suppression of the slave trade, have not exerted
; 11Y unfavourable influence upn values. Consols
°l' money have risen to 971, and for the July
account 971. They are now 97f and 971
2 respectively. The New Three per Cents. are
; the Reduced, 96i ; the New 21 per
Cents., 8 ; and India Debentures, 991 ; Bank
Stock is 219 ; and India ditto, 221 to 223.
Foreign Stocks are very quiet, but without much
variation. Turkish 6 per Cents. are marked 96,
ieing now 96. ; Sardinian 5 per Cents. 92,1 ;
Dutch
2i per Cents., 66 ; Peruvian 41 per Cents.i
; and Brazilian, 1011 to 1021. The New Bra-
-4'li-en Loan is 1 prem.
There has been a moderate business transacted
this morning in the Railway Share Market, and
Prices have not exhibited much fluctuation. Cale-
(lonians, Lancashire and Yorkshire, and Midlands
declined 5s ; and North Eastern (Berwick) 15s.
Great Northern, Great Western, North-Western,
and South-Western, improved about 2s. The Fo-
2ign and Colonial lines are flat. Grand Trunk
Canada have declined 10s., and Great Western
Of Canada, ss.
Joint-Stock Bank shares are a shade lower.
oriental Bank, ex div., have declined 11., Lon-
-68" and Westminster 55., and London and County
S.lll the Miscellaneous Market Electric Telegraph
re receded 103., and Peninsular and Oriental
1-eat:* 158.
AItIMISE FONDS THIS DAY AT ONE O'CI OCK.

ktlk Stock . (From the Official List;)
219
3 Per Cent. Reduced Annuities 96/ /
eleer Cont. Consols Annuities 976 3 if
" 2
3 Per Cent. Minn Ales 96k /1 i
1...!"? 6 per Cent. Annuities
70118 Annuities (Exp. sth Jan., 1860)
1:411a
bitto 30 Years, expire sth April, 1885 AI i
Stock
44(4 Ditto Scri Loan Debentures 993 /
9
&kiln Bondsp 9 £lOOO .. .• ~ Ditto, ender £lOOO lB
,J.olse/s for Account
4tehifiner Dills, 2id. March. June.
•ilOOO . 34 I
Small 35
Ditto Advertised lAd
I'ItICES OF FOREIGN FUNDS AT ONE O'CLOCK
•
ll'alunan 5 per Cent.
Ditto Account
~ Ditto 1852, 46 per Cent.
fernvian Bonds, 4i per Cent B7/
rortuguese Bonds, 3 per Cent., 1853
tm4rclinian Bon's, 5 per Cent.
4kilh Bonds, ti per cent 96

Dividends on the above payable in London.
/14t11 Exchange, 2. per Cent., 12 Guilders 66

TWO O'CLOC K.
Console, money 978
Consols for account
Cossols for Account, (July) 97 Bi

" L,

18
20i
100
100

t Wodebouse, the English Minister at St. Peters.
ti'g, had an audience of the Emperor on the 18;h, to
'kite leave.
,The account of the credit just applied for by the
lae,giaa Ministry to pay the dowry:of the Princess Char-
II 258,6201.
ia;`; °e Prince of Leiningen, who is to be married to tle
14-44ecsa Marie of Baden, hag contracted to secure to the
a'ticess an income of 2,0001. a year from the revenues
D' the duchy, a settlement which must be considered as
ike iberal, considering the many claims on the Grand
tors arid the amount of dower which even the daugh-
b of continental monarchs are sometimes obliged to
e contented with.
Cabinet Council was held on Saturday at the offi-
t'l4l r •
b_ residence of the Chancellor of the Exchequer, in
evning.street. The Ministers present were—The.of
ga4,Of Derby, te Lord Chancellor, the Marquis
~lb,_uurY, the Earl of Hardwicke, the Chan
of the
1.0-esuecluer, Mr. Walpole, the Earl of Malmesbury,
11:11u Stanley, General Peel, the Right Hon. J. W.
leY, and Lord J. Manners.
a nlltt QUERN AND PROFESSOR FARADAY.—Her Maj e.ty,
tj4fi 'lark of her appreciation of the distinguished scien•
him tequiretnents of Professor Faraday has presented
tio„- With a residence at Hampton-court, and, as an add:-
4, "!" mark of her Majesty's favour, she has been pleased
to ii!,(%'e directions that Professor Faralay's residence is
e furnished at her Majesty's expense. This is the
the tribute of Royal respect to the sciences allied to
fes"RoProfession of medicine • the first being that of Pro-
, the the Cuvier of England.
144. 'NG FOREST.—Mr. Thomas Duncombe is, in the
clausef Commons on the Hainault Forest Bill, to move
thif,to preserve a portion which has been used for.
Purposes of recreation and exercise.