The Sun.
London, England, 1858-10-13 00:00:00

2fol4lEl' MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
The progress of commercial affairs in New York
is still indicative of a tendency towards recovery,
but the movement is very slow and tedious, and
appears to create some disappointment among those
engaged in mercantile pursuits. Considering the
:severe and violent character of the revulsion
(of last year the improvement, limited as
it may seem, is perhaps as satisfactory as could
reasonably have been expected, and many of the
meal papers, in alluding to this subject, justly re-
mind the commercial public that the business
now transacted, though comparatively dull, is
legitimate and healthy, whereas the previous
animation and extreme buoyancy were produced by
reckless speculation, the effects of which are still
painfully apparent. The United States Economist
makes the following remarks in reference to the
improving tendency of trade :—" The prospects are
good for a fair business throughout the next two
months, and while the demand will be characterised
by extreme prudence and moderation it will be
sufficient to work the stocks of goods down to
as low a point as we could expect. We cannot
refrain, while recording the present smoothness
mid quietude of the business current, from
contrasting it with the excitement and ir-
regularity which so extensively prevailed just one
short year ago. Money was worth then per month
almost as much as the most usurious capitalist
would now ask for its use per annum, and all the
channels of business seemed to be hopelessly
and permanently blocked. We have no desire
to indulge in gloomy recollections, but it is well
for us sometimes, when tempted to complain
of the lack of activity at present, to contrast
our present position with that we occupied
a year ago. We have recovered rapidly, but our
weaker brethern of the West require rather more
time to place themselves in their old position,
and we should not expect anything more of them
than their best efforts to extricate themselves from
their embarrassments ; next year we shall hear
from them as we would wish, and shall reap the
benefit of the prudence they are now exercising in
buying lightly and sailing close to the wind."
The Liverpool Cotton Market yesterdaypresented
a steady appearp.nce, and prices of all kinds were
fully suPPorted. The sales were estimated at
6,000 bale;, The Railway Share Market closed
quietlY, although quotations slightly advanced.
e4l the public sales of indigo, which commenced
Yo'derday, there was a fair attendance of buyers ;
Food and fine Bengal qualities were at a slight de-
cline compared with previous rates, but medium
sorts realised higher prices.
At a meeting, yesterday, of the creditors of
Messrs. E. and F. E. Westrup, millers, of Bromley,
who lately failed, a composition of 7s. 6d. in the
Pound was accepted. The liabilities are estimated
at X 13,903, and the assets at £5,222.
A slight falling off is now apparent in the
liernand for money in Lombard-street as well as at
the Stock Exchange. First class commercial bills
,are negotiated at 21 to 21 per cent., and even if the
Bank rate is not reduced it is expected that the
terms during the next few days will descend to
about 2 per cent., owing to the . increased
attendance, resulting from the influx of
gold and the release of the dividends. The
inquiry on commercial account, although reviving,
is still too limited to check the declining tendency
of the rates, and the effect of extensive payments,
iii connection with loans and joint-stock enterprise,
has not hitherto assumed a permanent form. Owing
to the large supply of available means advances on
Government securities have been freely negotiated
at 11 per cent.
Gold is now about 1-10th per cent, dearer in
Paris than in London, but in Hamburg it is
2-10ths per cent. cheaper than it is here.
In the Foreign Exchanges yesterday afternoon, a
alight downward tendency was apparent.
The market for English Securities opened
leavily at the reduced quotations current yesterday
afternoon. Business continued dull, and no im-
provement was visible until the Government broker
reappeared as a buyer of Reduced Annuities, when
the quotations indicated renewed firmness. Owing
to the doubt respecting the policy of the Bank di-
rectors, speculation has received a temporary check,
but money is getting easier, and if the accumulation
continues at the Bank, the buoyant tone of the
Market will probably soon be restored. Consols
have been 987,-,1 for transfer, and 981 8 for the 10th
Proximo. They are_ now 981 -a- and 98-2-, 4 respec-
tively,
Bank Stock is marked 220 to 2211. The New
Threes are 971 ; and the Reduced Annuities, 971.
T., he New 21 per Cents., 811- 82. Exchequer Bills
alarch), 345. prem. ; June ditto, 295. prem. ; and
the Bonds have been dealt in at 1001 1. India
loan Debentures are 991, and the 2d issue 994;
ditto Scrip, 2d issue, 991. The Bonds (under
X 1,000), 14s. to 15s. prem.
Foreign Securities are active, and prices steady.
Turkish 6 per Cents, are 941 95 ex div. ; ditto
a, No. 1, ?-7, 8 prem. ; ditto, No. 2, 11 2 prem. ;
0.4 per Cents., 1051 ; Spanish New Deferred,
3°13 ditto Passive, 111 12 ; Brazilian 5 per Cents.,
103 ; Austrian 5 per Cents., 851 ; Dutch 21 per
Cent5.,.664 ; ditto 4 per Cents., 100; Equador, 151;
Grenada New Active, 211 ; and Mexican 3 per
Cents., 201.
The arrangements for the settlement of the past
monthly account are now in progress in the Rail-
way Share Market, and prices in consequence have
showed a downward tendency. In some of the
principal lines the amount of stock in the market is
rather heavy, andthe " contango" charged for carry-
ing over to the next account is preposterously high.
Great Westerns, Midlands, Norfolk, North British,
and South-Eastern have declined ss. Eastern Coun-
ties, Lancashire and Yorkshire, and North-Western
lOs., and Caledonian and South-Western, 15s. The
Foreign lines have been very inactive, and prices
are quite nominal. In, the Colonial Market the
dealings were also of a very limited character. East
Indian have declined 10s. ; Great Western of
Canada, 55., and Great Indian Peninsular, ss.

EBRITISH FUNDS—CLOSING PRICES.
3al* Stock
Per Cent. Reduced Annuities 971
liPer Cent. Consols Annuities
-5
1N.97F 3 per Cent. Annuities
ev., 2i- Mock
India Sto 2
Ditto Debentures 991
Ditto ditto, 2d Issue
Ditto Scrip, 2d Issue
Ditto Bonds, 41,000
Ditto under £l,000
Consols for Account 9Bl
March June.
ccltequer Bills, £l,OOO, 2d. &lid... 34 1 29 6 9
Ditto Bonds, 1858, 3i per Cent
1001
FOREIGN FUNDS—CLOSING PRICES.
13razili"an, 5 per Cen . . 103 21 ..„. Ditto 1858, 4i pert Cent. 97i i
Zuenos Ayres, 6 per Cent
Ditto Account
Ditto Deferred l7
Xquador New Consolidated
Ditto Provisional Land Warrant 4l
per Cent..
Grenada New Active, 21
Sp •h 3 per Cent. .........
Mt) New Deferred, ..
Pe.r . •C;nli:
TDitto Passive
urkish, 6 per Cent
Ditto Account
94
Ditto New Loan Scrip ..................
Ditto Guaranteed, 4 per Cent lO 1
Dividends on the above payable in_London.
klistrian, 10 Gu. £, 5 per Cent.
Dutch Exchange, 12 Guil. 21 per Cent 661
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.

Consols, Money
Ditto Account, Xov. 10

4_ THE BALLET GlRL.—Fortune's sport ! Fortune's
""Y !--a ballet girl 1 And who thinks of the ballet-girl, ex-
eept in such a guise ? The ballet-girl a creature to be
esteemed ! Fair dames, of unsullied fame, would fed
tktheratelves contaminated by the touch of such an one ; yet
ey lend themselves to the encouragement of the display
Which tends to debase their sisters. They sit in their opera-
2lee and watch these young creatures in their light cos-
tumes, seeking the admiration which,' too often gained,
veeomes their bitter curse ; and then, when the curse is
whWorking to the full, these fair pure dames condemn those
o have thus amused their idle hours, and shrink in their
Perhuman modesty from the bare mention of their names.
This is the world's philosophy; its misnamed prudence
and propriety. This is the cold-hearted selfishness which
teaches woman to stand apart from those of her own sex
When, more than all, they require her care, and kindness,
am% guicloaceo—Dire Alivaine.