The Sun.
London, England, 1858-07-29 00:00:00

MONEY MARKET

cli‘ D

)T' rqr,R,CIAL Di'l'ELLI(3-Eisi''

CITY, Two O'CLOCK.
The letters from Liverpool ruenton that the
Cotten Market yesterday el: sed heavily, and pric.l3
of most descrip ions slightly declined. The sales
amounted to 7,000 bales, 1,000 of which were
taken for export. In the Railway Share Market
only a limited business was transacted, and quo-
tations tended downwards.
About 93,0001. of the gold brought by the Rea-
thcr Bell has been taken into the Bank, and it is
expected that a portion of the remainder will be
similarly appropriati-d to-day. The demand for
the Continent is limited, and the advance in the
exchanges will no doubt prevent any extensive
efflux for the present. Owing to the reduced ship-
ments of specie to the East, the silver market is
dull at ss. l/d. per oz. standard for bars, and few
purchases of the metal have to be made on the Con-
tinent, the Mexican receipts supplying the market.
The steamer Ripon, which leaves on the 4th, is ex-
pected to take out a very small quanity.
It was generally presumed that the demand for
Money at this period of the month would have
slightly increased, but the preparations for the 4th,
tLe settlements at the Stock Exchange, and the
approaching loan instalments, have had no percep-
tible influence on the rates of the demand. Ex-
treme easiness and abundance are still the charac-
teristic features of the market, and yet the greatest
apathy prevails in speculative circles. The public
seem afraid to invest, and keep their available
means idle, or on deposit at nominal rates of
interest, rather than turn them to any
better advantage. An unnatural degree of
timidity is thus evinced, and alth ,ugh mo-st of our
contemporaries have ELi deavour,d to remedy ties
abnormal state of things, no reliable indicetions of
a change are apparent. The cloud, however, is
one that may be dispersed at any moment, and it
would not excite surprise among those who atten-
tively watch the progress of aff.iis it the calm now
experienced were succeeded by speculative activity
and inflation.
No transactions have yet been reco-ded in the
New Zealand Scrip ; nor are there likely to he any
of importance until the unallot,ed portion of the
loan is "placed." Application will no douet be
made for the full amount ; the security, bearing
interest at 4 per cent., and terminable iu 30
years, is one likely to suit insurance and other
companies having the command of large s erns of
money which, to be male productive, must be in-
vested in property of that description. Surprise con-
tinues to be expressed at the price fixed as the
minimum, for it follows that it must be too high,
or else that the Turkish 6 per Cents.—in many re-
spects a batter security—are nut at their pri.per
value in the market. They are more easily nego-
tiable than the New Zealand Debentures are likely
to be, and although not possessing the advantage
of redemption in 30 years, the Turkish Fours are
guaranteed by no less than three Governmeets,
and are negotiable with as much facility as almost
any of the English securiti es.
The news from India has given general satisfac_
tion, and not only has it exerted a favourab:e in-
fluence on Consols, but it has also caused an im-
provement in the value of East Indian Railway
shares.

The market for English Securities is firmer, the
Indian news having stimulated a few purchases on
speculative account. Besides these operatons
there is a steady demand for investna,mt, which
strengthens the market. Owing t the near ap-
proach of the settlemere, h >w ver, business is gene-
rally curtailed. Consols have been 95/ fir money
and account, which are the present quotations. Ttie
New Threes and the Reduced are 964 ; the 5
per Cent. Annuities 114 ; Long Annuities, 13 ;
Exchequer Bills, March, 355. to 38a. prem. ; June,
225. to 255. preen. ; and ditto Bonds, 100 k ; B.nk
Stock is 224, 226 ; India ditto, 219 ; and ditto
Loan Debentures, 99k .
In the Foreign Stock Market business is mode-
rately active, and quotations have advanced.
Turkish 6 per Cents. are 95A- ; Brazilian Scrip,
preen. ; Buenos Ayres Deferred, 182 ; Eva or
New Consolidated, 141 ; Mexican 3 per C.-tits.,
20 ; Peruvian 3 per Cents., 69i ; dit o Dollar
Bonds, 76; and S,rdinian.s per Cents., 94.
The last week's railway receipts, asc(-3rtatued uN
to this day, are in round figures as under :-
1858. 1857.
Great Western £32 898 £35,057
North-estern
south. extern
19,156 21 139
Brighton
Midland
33 186 35 246
south-Eastern ~.• 23 755 25,134
Great Northern Northern. 23
23 363 23 037
Lancashire and Yorkshire . 27,351 27.751
Bristol and Exeter ......
Manchester:and Holyhead ...... 7.324 6,584
East Lancaihire ................... 7,106 7,156
Manchester, Sheffield, & Lincoln 10 163 10,618
North-Eastern 37,281 89.303
West Harthl:mol ..................... 3,773 ;3 217
Belfast and
1,391 1.376
Edinburgh and Uia,gow .. 6 675 7,066
Eqinhurgh Perth, and Du.o ... ... ......
Glasgow and South-Westeru 7,38 7,803
Grand Trunk of Canada 9.057 9,706
Great Western of Canada........, 6,665 8 357
LNorthern or France ...
ombardo-Venetian 10,124 7,845 11
Business in the Railway Share Market this
morning has been inactive, and the few dealings
reported have been in cJnnection with the arrange-
ments now in progress for the settlement of the
half-monthly account. Prices generall show a
slight improvement. North-Western, South-West-
ern) Midland, Norl Eastern (York), and South-
Eastern, have improved 10s. ; and North Bri, ish
21. Caledonian, and Lancashire and Yorkshire,
have declined ss. to 10s. e Tile Foreign lines are
c exceedingly dull. Northern of Fr.nce have de-
lined ss. ; and Bahia and San Francisco have
slightly improved. In the Colonial Mat ket, East
India have improved 155.; Great Indian 13, ninsula,
53' ; Grand Trunk of Canada and Great Western
of Canada are at about pi evious quotations.
Joint-St, ck Bank Shares have been at steady
7Sacloutteissh, and .Bank of Egypt have receded Ss. ; E .glish,
Australian Chartered, ss. ; Colonial
to 0s
:Bank improved Se.; and London and County, ss.
ilut.he
to n to report. Miscellaneous Market there is little altera-
Royal Mail Steam have advanced
ed6oi

BRITISH FUND, THIS DAY AT ONE l''Cl 00K.
(Prom the Othcial Lest;?
tank Stock
......................... ••• • 2-
6 4
Three
3 per Cent, Reduced Annuities '6l $
New Three 1
beer
per Cent, Annuities
Cent. Annuities.
Pone Annuities, expire sth Jan 1860
ITI
Ditto .10 Years, expire sth April, 1865 14 7-16
Inri, . ','tocli. ...
Ditto Deben.tii;e; ..........
o
Co 21
for Account
Exchequerßills 95
March. June.
£lOOO ...................... .. ......... .. 1 22
52500 ..................... .. ............. 1 25
um I ...................... ... 33 5 `2 5
Exchequer Bonds, 1859, 3i per Cent. ...... iOA Pit A:Ks ,IF FOREIGN FuND3 AT ONE O'CLOCK
Brazilian 5 per Cent...•• ........................
Ditto Scrip, 1854 ... ................. .ii g p
Buenos Ayres Bonds, 6 per Cent. ............ Ditto Deferred
....
Evader ... 18
New Consolidated .. 14
20
Mexican 3 per Cent
Peruvian Bonds, 4i per Cent
Ditto 3 per cent
Sardinian 5 per Cent Jul
Turkish Bonds, 6 per Cent.
Ditto, Account
I)lviclendm on the Ahova savable in London
Peruvian Dollar Bonds, .4 por Cent 76
Two ()Nrl,tit K.
95i
Consols, money
Ditto account 9E4 4-

"The most quiet place I know," said 'Zsk!el, ";s
Woodville, in Missiesipiii ; there's nu quiirrelling, n'
inwyism, nor qgh:ing in the streets. If a getitl. marsudlts last of it. another, he's quietly shot down, and that is the
"
A correspondent of the Cottage Gardener says that
tual w
bright piece
es of tin hung louse in cherry trees will effec-
the prly arotection away i
birds • and for the sagie purpose, for
et
in and out the bushes;
eoostberries, he winds scarlet worsted
As three crinolined yeurg lad's: were pass's; alone
Roxburgh street, Greenock, a li tie, dirty, and very
ramie boy loudly bailed them With " [fey ! who's 51°"
ooper ?" No impertinentanswer question.was vouchsafed to this exceedingly