The Sun.
London, England, 1858-05-28 00:00:00

MONEY MARKET

AN 7,
COiselreiEßClAL INTELLIGENCE

CITY, Two o'CLocK.
The Foreign and Colonial Prodnce Markets,
during the past few days, have not been very ac-
tive. A large quantity of produce has been offered
at public sale, and prices generally have been de-
the trade generally being averse to operate
to any extent. Sugar has declined about Gd. per
cwt., and tea d. to ld. per lb. Coffee sold to a
Moderate extent at about previous rates, but there
was a very limited inquiry for both rice and fruit.
Saltpetre has been firm, and full rates continue
current for all qualities. Tallow has exhibited
Very little activity, and a decline of about 3d. per
cat. may be quoted. P. Y.C., on the spot, is 535.
6d. ; June delivery, 535. ; and last three months,
51s. per cwt.
Letters from Liverpool mention that the Cotton
Market yesterday closed quietly, and prices
slightly declined. The sales were estimated at
4,000 bales. The Railway Share Market mani-
fested rather more steadiness, and previous quota-
tions were well maintained.
The position of the money market is favourable,
and although the exports of the precious metals
to India and China are increasing, and supplies
are temporarily falling off, and a large amount of
capital is locked up for a short time in the sub-
scription to the new Brazilian Loan, there
nevertheless, a large amount of capital afloat in
both the Stock Exchange and Lombard-street.
The supply is very plentiful and the demand light.
The rates, in consequence, are easy, and we may
quote good bills as done at 2i to 21 per cent., but
we know of money being obtainable at 2 per cent.
To some persons these circumstances might imply
the probability of a decline in the Bank charge ;
but as the directors, by some means or other, find
employment for the funds at their disposal, and
there is the possibility of the renewed export of
silver to the East producing an adverse influence
on the market, it is extremely questionable if the
directors will make any reduction.
A meeting of the Mexican Bondholders was held
this day at the London Tavern, D. Robertson,
Esq., in the chair, when a resolution was passed
authorising the committee to apply to Colonel
racio, the Mexican agent, for the delivering up of
nearly 100,0001. now in the Bank of England on
account of interest due to the Bondholders, and in
ease of refusal, the committee were empowered to
Write to Lord Maltnesbury to request his lordship's
Protection of the interest of the Bondholders.
The aspect of the English Stock Market remains
llnaltered. Prices may be considered tolerably
steady, with a rather moderate range of business.
consols are firm at 97i to 98 for money and the
resent account, and for the July account, 98i
ank Stock is rather heavy at 219 to 221 ; India
t°ekt 222 to 25 ; and the New Loan, 994. The
(T New
Threes are dealt in at 9Gi ; and the Re-
ared Annuities at 9Ga Exchequer Bills are
8. to 375. prem., and those advertised, 17s.
prem.

The number of transactions recorded in the
foreign Stock Market has not been large, but
quotations remain steady. Turkish 6 per Cents.
are 96 ; Spanish 3 per Cents., 451- ; ditto De-
ferred, 271 ; Sardinian 5 per Cents., 92i ; Chilian
,6 Per Cents., 104 ; Brazilian 41 per Cents., 1001 ;
lluenoa Ayres 6 per Cents., 831 ; Grenada Deferred,
6i ; French 3 per Cents., 70f. ; Dutch 2i. per,
Cents., 661 ; and Belgian 41 per Cents., 97k.
Messrs. D. Bell, Son, and Co., give the follow-
14$ as the prices of American Securities :