The Sun.
London, England, 1858-09-06 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

Accounts received from the manufacturing dis-
tricts state that a steady business has been done in
most descriptions of goods suitable for the autumn
and winter. At Manchester cloths adapted to the
India markets were in good demand, and im-
proved rates are current, owing to the shortness
of stocks. Printing cloths for home use have
improved in value, the advance having been
about lid. to 3d. per piece. At Leeds all kinds
of good medium qualities of cloths were in brisk
demand. Business in the various cloth halls and
warehouses had been active; and stocks generally
were bare. Most of the mills in the neighbourhood
were working full time and the ,operatives were
well employed. A more than average amount of
business has been done at Bradford, and the demand
has been brisk for both home use and for exporta-
tion ; stocks of goods are generally light, and
spinners and manufacturers are busy *With con-
tract orders. The iron trade of South Staf-
fordshire has been rather inactive. Orders from the
United States, however, have come in, and there is
a prospect of a speedy improvement. In the various
fancy trades at Birmingham there is a fair amount
of business doing, and prices are in most instances
remunerative. At Sheffield and Wolverhampton a
slight improvement has taken place in the hard.,
ware trades of the districts. The hosiery trade of
Leicester is in a very satisfactory condition, the
operatives are well employed, and most of the mills
are working overtime. At Nottingham the lace
trade is steady. The prospects of an improvement,
however, are satisfactory, and several large shipping
orders of worsted hosiery have been given out.
Yarns have an upward tendency, and wools con-
tinue at firm rates.

The Liverpool Cotton Market on Saturday closed
steadily, and about 7,000 to 8,000 bales were dis-
posed of at full' rates. In Railway shares a fair
amount of business was transacted, and quotations
of all the leading lines advanced.
The engagements of the 6th of the month having
now been met, there is less activity in the demand
for money. Still the applications are numerous,
showing a larger general inquiry than was experi-
enced a few weeks ago. Of course a change of this
kind was to have been expected after the recent
absorption of money for loan and other pur-
poses. Some millions have already been diverted
from the channels rin which they previously
circulated, and the public are pledged to the
subscription of several more, during the next few
months. Two or three heavy calls and instalments,
it may be observed, will have to be provided within
the next fortnight, chiefly in connection with the
Brazilian, Indian, and Turkish Loans, but the pay-
ments for railway purposes are also important.
These disbursements, together with the extra re-
quirements of trade, towards the end of the year, will,
it may be safely concluded, cause increased activity
in the discount market. A rise in the minimum, how-
ever, is scarcely considered probable for some time
to come, but financial affairs, in the natural order
of things, must now be expected to present a less
tranquil and monotonous aspect than the public
have been accustomed to sine ethe commencement of
he year. v _ _

appears that the bills due on Saturday the 4th
of the month were met with promptitude, few cases
of default having been announced. Much regret,
however, has been caused by the unsuccessful result
of the negotiations lately in progress, by which, it
was imagined, certain houses at Liverpool and
Manchester would be extricated from embarrass-
ment. It is now reported that the affairs of Messrs.
J. Carmichael and Co., and of Messrs. M'Nair,
Greenhow, and Irving, will have to be submitted
to the usual process of liquidation. Some
anxiety is felt regarding other firms, who may be
affected by these difficulties, but it is thought that
further disasters will be obviated.

On Saturday a further parcel of £34,000 in gold
Was taken into the Bank of England.

The English Market opened flatly this morning,
and a decline of I per cent. occurred, when a sale
of £lOO,OOO stock was effected. Still later, how
ever, renewed firmness was apparent, and transac-
tions were recorded at former rates. Meanwhile
the liquidation of the monthly account has been
making steady progress, this being " option
day," and the terms of continuation are very
limited. Consols have been 961 I, but business
has since been done at 961 a for transfer and the
7th inst. The October price is about 96 ; East
Indian Debentures arc 981 ; and the Scrip, of the
2d issue, is 97;3- The New Threes and Reduced
Annuities are 971,- -7, ; the March Exchequer Bills,
als. to 345. prem. ; the June ditto, 225. to 2os.
prem.; Bank Stock is 2271 to 229; and India
ditto, 214. .

In the Foreign Market the Operations have been
011 a limited scale. Turkish 6 per Cents. are about
95 to 954; and the 4 per Cents., 1031 to 104 ;
Venezuela 5 per Cents. have receded to 381 ; Sar-
dinian 5 per Cents. are 92 ; Spanish Deferred, 29 ;
Peruvian 4 per Cents., 901 ; Mexican, 211, d ;
Brazilian 5 per Cents., 1034.

New Turkish Scrip rose to and I discount upon
the allotment, but it has since been I to :„2, dis-
count.

A moderate amount of business has been done in
the Railway Share Market, and most of the prin-
cipal lines show an improvement of about 1, to per
cent. Eastern Counties, Great Western, Lancashire
and Yorkshire, North-Western and Midland have
advanced 5s ; Great Northern and North-Eastern
(Berwick), lOs ; South-Western, 15s, and' North
British, £1 ; South-Eastern have declined
about ss. The Foreign and Colonial under..
takings have been very inactive, and show
little variation from former quotations. Dutch
Rhenish and Paris and Lyons are a shade firmer ;
last Indian, Grand Trunk of Canada, and Great
Western of Canada are steady.

Joint-Stock Bank shares are inactive. Bank of
Australasia improved 55., and London and West-
minster declined ss. In the Miscellaneous market,
Peninsular and Oriental Steam have improved to
821 83.

- • Atlantic Telegraph shares, owing to an interrup-
tion to the communication, have shown a consider-
able decline, being now quoted 300 to 500.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities 971
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock

Ditto Debentures, Ist issue.
Ditto Scrip, Ist issue
Ditto ditto, 2d issue 93
Consols for Account 961
March! June.
34 I --
22

Exchequer Bills, £l,OOO, lid
Ditto Small, lid.
Ditto Bonds, 1858, 31 per Cent.
Ditto, 1859
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian, 5 per Cent ' lO3l
Mexican 3 per Cent —
Ditto Account
Permian, 41 per Cent.
Ditto Account
Sardinian 5 per Cent 92 j
Spanish Sardinian,
Cent _
• Ditto New Deferred, 3 per Cent.
.
Ditto Account
Turkish, 6 per Cent.
Ditto Account
Ditto Guaranteed, 4 per Cent.
Venezuela, 5 per Cent.
Ditto Account
Dividends on the above payable in London.
TWO O'CLOCK.

Consols, Money and Account-.... 96a I
Ditto Account, (October) . 96/

PORTRAIT PAINTING. The President of the
Scotch Academy, Sir John Waton Gordon, has been all
lirarner closely confined to his studio engaged on portraits
"mmissioned by corporations and public bodies in England.
The necessary arrangements have been made
between the Liverpool Steam Navigation Company and the
tristol and Exeter Railway Company, for the purpose of
°PenilY4 a communication between Burnham and Liverpool.
^-13rtstol Mercury.
The Earl of Bandon has been elected a represen-
tative peer of Ireland, in the room of the late Earl of Glen-
Fail- His lordship's father and grandfather enjoyed a seat
the House of Lords, as representative peers ; and he
iumself sat in the House of Commons as member of Parlia-
raent for Bandon from 1842 down to 1846.—aurtarcular.
b The Empress is said to have presented the Spanish
.fighter now taking the waters at Vichy foi the benefit
?. his health, with a splendid pair of shoulder knot, of sil-
;r ribbons with' real gold tags, as an acknowledgment of
401_ gallantry in having sent to the Prince Imperial the
short horn of the famous bull Oserio..killed .by;him in the
Linz at Seville.—Court Journal. -