The Sun.
London, England, 1858-01-26 00:00:00

ONEY MARKET

A JD

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

At length the advices from the United States
report some decided indications of improvement in
the New York markt-ts ; but the effects of the late
crash are still painfully visible in all directions.

Several months will probably el ipse before there is a
complete recovery, but as stocks of various kinds of
gold have been much reduced, an increased de-
mand is soon expected. Owing to the general dul-
ness in trade money was in limited request, and
good bills were rather scarce. In this re-
spect the position of the New York and
the London money markets bear a strong
resemblance, but as soon as the resuscitation
is fairly commenced it will no doubt make rapid
progress. The United States Economist observes
that " a better feeling is beginning to pervade the
foreign dry goods market, and ere long we look for
a brisker business, but not to the extent of former
years, as few, if any in the trade, care much about
doing a very extensive business till such time as
they are able to see the way more clearly °for
them. The late financial crisis has placed nearly
every one in the trade in a crippled condition, and
many will find it about as difficult to recover
from the effects of the catastrophe as the
child who loses his way, wanders into
the woods or marshy grounds, and then finds him-
self desolate and alone, with no one to lend a
helping hand. There is no denying that most of
these in the trade, in and out of the city, are so
Peculiarly situated ; consequently most merchants
are indifferent about disposing of their fabrics un-
less for cash or short time, to any one whose credit
is looked upon with suspicion. Consequently one-
half the amount of goods sold in former seasons
Will hardly be disposed of. The business done
Will be within the limits of a healthy trade, and in
the end will be found more lucrative than the
extensive trading of previous years, on long credit
to all persons, honest and dishonest.
Accounts from Liverpool report that the Cotton
Ist trket yesterday presented a very animated ap-
pearance, and quotations in most instances ad-
vanced id. per lb. The sales amounted to 12,000
bales, 2,000 of which were taken by the specula-
tors, and 500 by the exporters.
. _

Although the Silver Market continues dull,
!Mall parcels are still received from the Continent.
About 25,0001. worth was received yesterday from
Antwerp. There is no alteration to report in the
price of the metal, and it is expected that the
steamer, on the 4thproximo, will not take out more
than a quarter of a million sterling.
About 37,000/. in gold was received at the Bank
of England yesterday.

On the Paris Bourse there was a slight decline,
the 3 per Cent. Rentes having closed at 60 20 for
laioney, and 69 30 for the end of the month.
In Lombard-street, and at the Bank of Engittd,
the demand for money is still very quiet, and,
"ring to the extensive supply, the terms charged
for discount still tend downwards. A. reduction
of or 1 per cent, in the minimum is expected on
Thursday, in which case discount accommodation
'will no doubt be obtained in the open market below
3 per cent.

A meeting of the Sortridge Consols Mining Com-
pany was held to-day. The accounts showed a profit
On the three months' working of 4831. The assets
and liabilities exhibited a balance of 2,3641. 15s. in
favour of the mine. No dividend was declared.
At the meeting of the Cobre Copper Company
today a dividend of 1/. per share for the half-year
Vag declared.
The market for English Securities is very heavy,
a decline of nearly a per Cent. having taken place.
55veral sales, both real and speculative, have been
tuade, but business is dull, and the aggregate trans-
b.ctions have been much smaller than the extent of
the variation would lead most persons to
imagine, The heaviness on the Paris Bourse
thas tended to affect the quotations. Consols have
een 95 to 951 both for money and account, and
!ie present prices are 95 to 951 and 951 respec-
velY. The New 3 per Cents., in which there
have been several transactions are, 95 I I, and the
Reduced are 951- Exchequer Bills are 19s. to
228. prem., the Bonds 100, and India ditto 12s. to
rls. prem. Bank Stock is 224 to 226.
In the Foreign Stock Market a quiet tone is
sPpareut, but,prices are flat. Turkish 6 per Cents.
are 98} f, and the 4 per Cents. 1041. Mexican 3
Per Cents, are flat at 201 21. Brazilian 5 per
Cents., 1021. Chilian 6 per Cents., 103. Peruvian
lit per Cents. are firmer, being 79. Cents., 991 ; and Venezuela 4 Russian 41 per
1 per Cents., 314.
The following are the nominal rices f Foren
Stocks :—Grenada Deferred Bonds,p 516; Mexicanig ,
20i 21; Peruvian 41 per Cents., 77 79 ; Ditto
Per Cents., 53 55 ; Portuguese 3
per Cents. 3
,44 45 ; Russian 5 per Cents., 109 111 ; Ditto 41
Per Cents., 98 100 ; Spanish 3 per Cents., 414 42
ditto Deferred, 251 26.
The transactions reported in the Railway Share
4arket this morning have been limited, and a de-
cline of about f to 4 per cent. may be quoted
the values of most of the principal lines. in
Etern
Counties, Great Westerns, and North-Easaatern
(terwick), declined ss. ; Caledonian, Great
IsTortherns, Brightons, North-Western, and South
Wales, 10s. South-Easterns and Midlands itn-
Proved 10s. Most of the other lines were
it previous quotations. The Foreign and Colo-
vial lines were very inactive, and lower rates are
current, particularly for the Canadian undertakings.
Owing to the unsatisfactory traffic returns Grand
Trunk of Canada have declined fully 3/., and
great Western about 10s. ; East Indian have
receded 10s., and Geelong and Melbourne, os.
to los.

tiAlining Shares have exhibited no material varia-
on and in Joint Stock Bank and Miscellaneous
shares a fair amount of business has been done in
a"ae instances at rather improved rates. Union
(4 Australia advanced 10s. ; Ottoman Bank, 109. ;
~°lldon Joint Stock declined 1/. ; Peninsular and
uriental Steam improved it.

44rTISII FUNDS.—CLOSING PRICES TRIS DAY.
(From the Oificsat Liet;)
Beiuttnce done.
IS
...
a l'l, Stook "----
224 6
nkr Cent. Reduced Anuuttit 0 ...... ... .....
Pe r Cent. Console Annsitier • . 951 6 .“ i 5
Neerl 3 per Cent. Annuities 9sg i 6 g i
---"z Annuities expire sth Jan. 1860_ 2
41 1 Ditto 30 Years, expire 10th Oct., 1859 1 13-16
.• fiondn. kaolin
, nitto. under £lOOO
17 12 p
islint. Stook K ntook for Account 226
btliola tor account,
4r.",.cuer Hills, 41d.
£lOOO .
22 19 p
4:500
6 uall
22 19 23 p .......... . ....
r.101tto„ 1359
100 I
PRICES OF FOP.EIGN FUNDS—THIS DAY.
lelrarnan 5 per Cent.
uha Bonds, 6 per Cent
Q,., Ditto 7 per Cent. (Matanza and Sabanilla) 103
ilian Bonds, 6 per Cent
tkezi„n 3 per Cent... •„ .
•bitto Account
truviau Bonds, 4i per Cent ..................
1, bitto Account
°lluguese Bonds, 5 per Cent., Cott. 1.841 -
bitto 1883, 3 per Cent • ........... , 1)44) Account
"48siat, Bonds, 1A.2.,, t St., :, per Cent.... —._ Ditto, 46 per Cent.
..ardini.... Bon", 5 per (jeut• . '''
G *""
89i 90
I.to Account
''
.o!k%4h Rolots, :-: per i4itit. 4, Ditto New Deferred, 3 per Cent.
rltioh Bonds, 6 plr cent -
,4, ktto
j.)!tto Guaranteed, i per Cont.
c,,Ditto Account ..
v,neznela Ronda 4.4 .......
....
iiA
Ditto ,
cot,. • per en
~,c ut .......... -
114„..44 bividends on the above payable in London.
e°11801" _
2 tutEE O'CLOC.
K
94
ey ...... = Litt° account (February 4)

Private letters have been received from French Gu,ia.n;t_
to the at
Deceber. At that date the position
°l3l.OnY wee highly satisfactory. Toe working of L
kold-fielde coutinued under excellent conditi and
the land ctqivated
-Y the convicts produced abundant
co roths The establishmeut of Oyapok for the cultivation
? sugar-cane had completely succeeded. The pr •
clB COUsidered tu be of good quality as that 01
thee West India Islands.