The Sun.
London, England, 1858-08-10 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLocK.

The Markets for Foreign and Colonial Produce
during the last few days have been exceedingly ac-
tive. Tea has been dealt in to a moderate extent,
and prices have slightly improved. Sugars, of good
quality, have been in good demand, and full values
have been readily obtained. Coffee continued steady,
but rice and rum have been dull. Spices have been
quiet, and saltpetre has been in active request at
fully late quotations. The value of drugs and oils
has been well maintained, and tallow continues firm,
P.Y.C. on the spot is quoted 48s-. 9d., last three
months 495. to 495. 3d., and January to March 495.
6,1• per cwt.
The letters from Liverpool mention that the Cot-
ton Market, yesterday, closed firmly, and prices of
all descriptions were fully maintained. The sales
Were estimated at 7,800 bales. In the Railway Share
Market an extensive business was transacted, at fully
previous rates.
The inquiry for silver continues very quiet, but
no further change in the quotations has occurred,
bars being about 60*d. per oz. standard. Smell sup-
Plies are received from the Continent. The Dolphin,
from Antwerp, yesterday, brought a parcel valued at
about £3,000. The shipments to the East are ex-
pected to continue very limit?d.
During the last few days the transactions in the
bullion department of the Bank have been of no
Public interest. It is exi ected, however, that a fair
Proportion of the Australian receipts will be disposed
of to the authorities.
Money continues in limited request, and the t-.rms
are without alteration.
One instalment of 15 per cent. is due to-day upon
the first issue of Indian debentures. Owing to the
large proportion already paid up in advance, this
uPeration is not of much importance, nor has it caused
h.anY perceptible increase in the general demand for
runeY. f the Australian Railway loans are readily
,bscribed to by our capitalists, and encouragement
given to a variety of undertakings, home and
__4(igia, it is probable, however, that the supply of
7°ney will be speedily reduced to an extent that
mlaY overate adversely upon the terms of discount.
A.„ swathe half-yearly meeting of the Blackwall
y Company, to-day, the report, recommend-
,""g a dividend of 2s. 9d. a share for the s;x months,
cia3 adopted. The net profit from which this divi-
dend Was declared amounted to £15,177 os. 10d.
tir":e discussion ensued as to the development of the
le and on other matters, to which the chrirman,
hitrn• Daniell, satisfactorily replied.
4he market for the Funds opened with firms;, -
but, there has since been a supnly of Stock, which
,„smaleaUSed a little flatne;s. Consols have b :en 963 for
money, and 96 for account. They are now
the 961 respectively. An occlsional movement of
kind must be anticipated, owing to sale? in reali-
r'u of profits, but at the present moment, although
soPneCs are * per cent. lower, the tone of the market
re strong, and renewed purchrses would, no doubt,
',Produce buoyancy.
tt, The New 3 er Cents. are steady at 97* *, and
1"„ e, Reduced Annuities 97* to 974 ; Long Annuities,
ig• The March Exchequer Bills are marked 321. ;
lia,ne ditto 225. to 255. ; India Stock, 217 to 219 ;
00 Loan 'Debentures, 981 ; and the Bonds 158.,
-;.ltg rather flatter.
the Foreign Stock Market busine; is quiet and
Ices
Oh are steady. Turkish 6 per Cents. are 961 97 ;
Ay 04 per Cents., 1044 ; Brazilian Scrip,-i- ; Buenos
cudl,:lres 6 per Cents., 783 ; Mexican 3 per Cents., 21i;
6
New Deferred, 27*.
4,4 t, ed Sea Telegraph Shares are premium, and
ttantie ditto are 830 to 880.
Sh moderate business has been done in the Railway
81i.tre Market, and prices have shown a further
t improvement. Eastern Counties and North-
estern improved 55.; Caledonian, Gres.t Northern,
lutb-Western, and Mulches'. 'r, Sheffield, and Lin-
a°4l 10s. The Foreign and Colonial lines are in-
Paris and Lyons improved ss. ; Southeta of
ranee ss. ; and Lombardo-Venetian ss. East Indian
ese"ned 55.; and Great Western of Canada improved
• Grand Trunk of Canada Debentures declined 10s.
b,J°►nt-Stock Bank and Miscellaneous Shares have
ejn dealt in to a limited extent, and prir have
ebuthit:ll little alteration. London and County de-
iosned 55., and Western Bank of Londoß improved
au ,Peeinsulcr and ()Centel Stem declined 103.,
-Koyal Mail Steam 10s.
poiTlsols for money, 96g- 3; ditto for aceornt,

€4? EAT EASTERN
_STEA.3I NAVIGATIOIV

COMPA Nl'.

MEETING TthS DAY.
extraordinary general meeting of the proprietot3 in
to reTPany was held this afternoon. at the London Tavern,
at 4 eeive and consider a repot t foom the court of director,:,
thereto to decide upon and adopt such metmtres in reference
li,Ps the ing might cl"em fit. •
The entir wrs taken at, two o'clock by Charl-s Hone, F-q.
I,e usual routine busine-- having been transactel,
',Nue n CA/R3IAN called upon the secretary to read the
fthe (Erectors, which wrs cs follows :
13;1(Our directors having met the proprietors so recently
tiro -c 29th July, hare briefly to repot:: that they have had
lbt conferences with the committee of co-operation since
res,orltate, the result of which is embodied in the following
et
lit:e,lfie Committee appointed at the general meeting of tiro-
tott,`„°rs on the 20th of July, having met at the offices of the
vfithi'any on the f...2d and Nth ofJtey. rnd haling discussed
t%to the directors various propo-itions, for the purpore of
th"esting the company .rom its difficulties, it wrs unani-
th,3, resolved to submit the follow:ng recommendation to
ttiAProPrietors at an extrrordluary general m^etirg to 13
Cr:an the 10th of August :-
1. That it is the cp:nion of this committee that the
tpefionErstern steam-ship should t: put up to sete by
lq tE4. That it is further the opinion of this committee that
00,ne event of say sum being of red by nrivate cons...act the
titjher t
should In given to the Court of Directoii t) eccept
Thurn as they may think fit."
A"c CHAIRMAN moved that the report t 3 adopt-d.
1104PRUSe then ensued, no per: 3n rising t 3: cm d the me -
A. At length
kik PROPRIETOR rose and said it appeared to I 'm that, to
the „ne !becalm to agree to such a resolut!on was asking
WoPri!tors to commit suicide.
' shall give the result in one late edition.]
AND MILITARY INT.ELMGENCE.

,T WOOLWICH, Auer. 8.
heY field battery, 21 company of the 31 battalion of
ti pal Artillery, commanded by Major R. E. Craufurd, is
1p ,tred to assemble on the common to-morrow morning fur
and will subsequently leave the garrison for
l,rbalkation to India, where the battery will join the artil-
tt under the:command of Lieut.-Col. A. T. Phi'lnotts,
ith-:?lnbaY• Since the arrival of the company at head-
t" from Leith Fort several volunteers have joined for
'ice in India.
Reneral regimental order has been received from the
patit-General's office, Whitehall, to the efl'ect that,
4414 conto.,
iance with a suggestion contained in the letter
4 War-office, 28th June, 1838, commanding officers of
at Artillery at stations where practice is made to seaward
hotegnested to take measures for having a buoy and busy-
-11: attached to the anchors of the floating targets, that in
NI event of a target being struck from its moorings, there
jremain the means of weighing the anchor."
MARTIAL.—A court martial, presided over by
tloeerotnanding officer of the Military Train Corps sta-
-1,4 sett at Woolwich, has been held for the Wel of William
141::",, a private of the corps, on various charges of in-
rdination and desertion. The prisoner had been pre-
-114-a, 3IY sentenced to 80 days' impriron!nent by court-martial
Ihqegeeped from the cell in which he was confined, but was
b:ttlY afterwards captured by a police-sergeant at a public-
-41 Woolwicb. A court-martini is also to be held for
I.lll,tha of Charles Hastings, a private of the Royal Marine
14!ut infantry, who decamped•from the barracks on Friday
I,;lvith a large number of silver medals and clasps be-
iti,!lng to his comrades. Inrormation of the robbery was
tor'ecliately sent to the police-stations, and pickets of the
pa wheGere sent in pursuit of the deserter, who was appre-
fro tiaLl ill a state of intoxication whilst about to proceed
)11,11 Woolwich to London by a steambeat.
peg
et e Banshee, Admiralty steam-vessel, arrived in harbour
to tlaY, from Portsmouth, and after coaling will proceed
GI;
a v ese d to-merrew to join the royal squadron.
theh!Harossa, 51, screw-frigate, has been commenced on
I;te„°/1) from which the Challenger, screw.corvette, was
la ened. A large number of shipwrights are now employed
VeParing the timbers for her hull.
fritti'e. Porte, screw-frigate, 51, recently launched at Dept-
iltaie!.nas received her machinery, and is now in a forward
tte't,ti ROYAL EMBARKATION.—The Vivid, Admirrlt.e
thell, Vessel. M: ,ter Commander Allen, arrived atGraoys-...a-1
3,14°1n Portsmouth on Saturday, to accompany the
e4t`.; and the Black Eagle, Admiralty steam yacht,
i,r Commander John E. Petley, is ordered for the sari
!te4'e• The Princess Alice steam vessel is or4rred ougce_
"ore—,"P early on Tuesday morning, and emh.rk Cmo
or
niee'"Perintentient J. Shepherd and a ct Fir
;114,1, of the naval and military servic•a, who,
_sal
'ion to to Grav' nd to witness the roy:1 en_b.rkr.
the ' The Banshee, Admiralty s'er-n vessel, v: 11 join
that Loyal squadron to-morrow, and it is rirciprted
11k4:}toer vessels from the late Cherbourg sque:l-.-m will be
reerltt• The arrangements for the embarkation from.
the
the
tep,;;:e-eler to the royel yacht will be comeleted •
urdei
4t thi litendetice of Mr. Perdre, a•Cstant-master shipwright
lard, who wrs eitiplovel on similar service a' the
~tucembarkation of her Royal Highness the Princess of
ektisla• The Wcilwich Steam-boat Companies will run
rlvetY,!lnd fast boats on Tuesday morning, and remain in the
- Rto
E enable the public to witness the embarkation. _ _
*lOl dakr, Usd.—ln our report of the experiments at Wool.-
ari,:,°elcYard with ship pumps, which appeared in this
toti*:,' on Saturday last, it was inadvertently stated that
ofownton ump as calcula tread
to trow 572 "
ate Deer stroke—it should have read "h inches." feet"
AUG. 9.
„Ael„
Ito .I,LERY FOR INDIA.—Major Crawford's Y. Battery.
andYaaftteArrtillery assembled on the Common this morning,
inseeetion. proceeded from the earrison to
IlitveGraYti!seM. fer embaikation to Ind:a. Several volunteers
'waned the company.