The Sun.
London, England, 1858-10-19 00:00:00

imir

MONEY MA

'ITY NEWS.

CITY, Two O'CLOCK.
Increased activity has been apparent during the
last few days in the Foreign and Colonial Produce
Markets. Tea has been very firm, and some of the
better qualities of congou have improved id. per lb.
In sugar the inquiry for exportation has been active,
and for home consumption the demand has been
steady, good qualities showing an upward tendency.
Coffee has been in rather less demand, but superior
qualities of Plantation Ceylon maintain their pre-
vious value. Rice has been dull, but rum and
fruit have shown an improvement ; new currants
being in good demand, and at advanced rates.
Saltpetre continues firm. The public sales of indigo
have proceeded with very little animation, and a
large quantity has been withdrawn, previous
prices in several instances not being realised.
Tallow continues steady, owing to the limited
arrivals.
The Liverpool Cotton Market yesterday closed
with a flat appearance, but prices remained un-
altered. The sales were estimated at 7,000 bales,
500 of which were taken on speculation. A fair
amount of business was transacted in the Railway
Share Market, but quotations slighly receded.
Notwithstanding the reported increase in. the
demand for silver on Eastern account, and the ex-
pectation that the next two or three steamers for
India and China would take out larger con-
signments than of late, it appears that
the Ceylon, which is appointed to leave on the
25th, will only convey £90,020. If the exports
thither are kept down to this low average, and the
efflux to the Continent is not materially
aug-
mented, a further accumulation of bullion at
the Bank is almost certain. At the correspond-
ing Period of last year, the steamer for the East
left with over three-quarters of a million ster-
ling, the diversion of specie in that direction alone
then being a million and a quarter to a million and
a half sterling per month. There is now some
prospect of a partial reflux from China, through
the payment of the English and French in-
demnit—y,
and it is questioned whether our
commercial operations with the various ports
of the Celestial Empire now opened in
conformity with the new treaty, will leave
henceforth so large a balance against this country,
to be paid for in silver, as has been the case, until
recently, for the last five or six years. The pro-
motion of trade and the increased facilities
to be afforded for the interchange of mer-
elut4. dise will, it is thought, obviate this
inconvenience, for although the demand on our part
for tea and silk may not largely increase, there is
every probability of our being enabled to find an
extended market for our various manufactures.
Should this prove the case, the general
balance of payments would of course be reduced to
°mailer. proportions than have been witnessed in
late years.. There seems.no:immediate prospect of
any 'new outlet for the absorptiou of specie, but on
the 'other hand it is not improbable that British
Columbia will shortly vie with Australia and
California in the production of the precious metal,
the accounts received up to this time justifying the
most-sanguine opinions as to the extent and accessi-
bility of the auriferous deposits of the Fraser River.
There has not been much animation at the Stock
zelylnge.•to-day, but, upon 'the whole, values have
been tolerably well maintained. The speculators
see nt to be waiting for some great event in connec-
tion with the favourable course of monteary affairs
11Pon which they may enlarge their - transactions.
jlf' for example, the minimum should be ad-
,tsted at 21 per cent, an impulse would, no
doubt, be given to the market ; but, on the
Other- hand, although the operators at present are
not inclined for Bear transactions, there can be no doubt that a s further decline in the exchanges, if i
followed by increased. shipments of specie, would gl
%tiolulate speculative sales. Consols have been 914,
t for' transfer, and 9812 for the account. They are
Ovr k per cent. loWer, viz.,. 984. I and 981 ,14- respec- ,
, I eIY• The New Threes and the Reduced are 971 I-, ;
E$ 8' Annuities, 11 i ; India Bonds, 14s. premium;
dittelequer Bills (March) 375. to 40s. premium ;
0 (June) 295. to 325. premium Bds,
149, 1 • India
(24 i Loan Debentures 991- ; andditto ditto Soncrip,
T !sue), 991 ,211(14 ditto, 221. .
4 Bank Stock is 2201 to 222;7.4:al
I/I'th° Poreign Si
and prices Market business is rather quiet s
are well maintained: Turkish 6 per i
, IC‘,lcoats. are 94; ditto Scrip,No. 1,1 to 11 prem. ; ditto S
ZI, • 2, 21 1, prem., being lower ; ditto 4 per Cents.,
3;. Brazilian(lBsB ) 97
i,
iper Cents., 102 k ; ditto 41 per E
Russian 41
per Cents.
,Pf!liguese 3 per Cents., 46.1.
4,
lui i ; Sardinian 5 per Cents., i
94.1 ; Spanish ..,
34; ditto eseurt
leTtr, Cents., 461 ;. ditto Deferred,
es, -a • and ditto Passive, 1.11.
eveThb transactions in the '''
Railway Share Market
' been rather circumscribed, several of the
capal
Aria •
lines showing a decline of about i to 1 per
lieent• Caledonia
riti,„, have' receded
Eastern. Counties, and North
h, s uni tave receded ss. North-Western, and
oath-East
Foreign
a d° "
ern, 1 s and Brighton. £l. In the
4 slight
_. n Colonial:Markets there has also been
Gra d pression. Paris and Lyons declined 55.,
. 04-Trunk of
os, to, los. Canada, 155., and East Indian;
Joint Stock Bank.
a 140,1,, shares have been dealt .in to
ratechaZ extent, and prices are steady. London
(Pest Bred of Australia improved ss. ; London and
don _ ulster, Ottoman Bank, and Union of Lon.
were at previous
14 the rates.
0,,,, Miscellaneous Market, Peninsular and
''Qntal
Pal - Steam improved about 10s. Crystal
4 and I-,
'Were . ondon General Ainuibus Company .
.4 at previous values.
t. -
S.
4 BR-

.4,,,,,k
Stock isx FUNDS--cLosiNG PRICES.
2211 20 2
'Per 0
'ent..lialeed Annuities 974 1 1
IseQ; :Fent. Consols Annuities
Deiti4ild„.lt-t;13:301. Cent. Annuities
es, expire sth Jan. 1860...
._, otocjears, expire sth APril, 1885 lBl
221 24
Ditto De 221
994
Ditto
Scrip, 2d Issue
bcr Bonds, Ll,ooloe
tol" 'anderAcct.
krtsols for
ejlecluer Bills, Zl,OOO, 2d. &lid...
410 t5OO, . ... . ..............
37 40 29 32
1 32
1)1,4° Small, 11d. ............ 1 32
11:40 130 ds 1-858 •31 per Cent --
-itt,,,whi , 7 2
7 1 9
1004
lir ?OREIGN„ FUNDS--CLOSING PRICES.
1021
i't)ittolaiiiissBpe, 4ri.Cent .
974 i
per Cent.
ttclor New Consolidated
th4Bllt,_ ese, 1853, 3 per Cent.
Itil yo Account
461 4
13i8111, 1822, £ St., 5 per Cent —
84,1.,• :', 1852, 4±lper Cent.
B;7latt, 5 per Cent.
11811 3 per Cent. .. . : ........ :. .
,gto Ilelv Deferred, ..
per Cent 3Ol
Sph. to Account3o
....o.tt , --
a,. 0 -rassive ... . ....... ..
1,41.'10.411 Coin. Cert.. oiCoup. not funded— 64 i
bf 41,41) 6 per Cent.
ipuo Account
lily.
isTo.,,, Loan .k. -uitv. - Scrip,
b„uo Account
ip,, Zi Issue .. ... .... ... .
bILto Guaranteed, 4 per Cent.
Itte A.ecount ... .. , ........ ..
• Dividends on ;he above payable in London.
• Consols, Money
_, ... . ..... .... 981
Ditto "Account Nov. ... ........ 981

Stock
Stock
25
Stock
Stock
Stock

Stock

Stock
Stoc
Stock
Stock
10
Stock
Stock
Stock

Stock
Stock

Stock
Siockl

with
B.s9The Fiery Cross. has arrived from China
~2901 b. of tea, cargo of the new crop.
being the first.
it'd Peninsular and Oriental steamer Ceylon, to
kr .
£90,020, of which £51,300 is
.tizlti the 20th, will take out
rti to is and £38,720 for China, all silver except 22.5 sove-
).,,,Rlks for Madras. At the corresponding period of last
ictile shipment was £778)768.
OF SCOTLAND.--The
.teti.,',E WESTERN BANK
tt Reckoning the average
Dri "i*rgh Daily Express says:—
were bought by the
jZ at Which Western Bank share
£125 for the calls,
tli, ra in Dundee at £6O, and adding_
~...,,
__.
000 The loss
of Fosse to Dundee alone is uwards of 1,-,?,
is upwards of
I.fa Arbroath, Montrose, and Brechm
400.4
At -t
Saturday,
(1,,, he Croydon petty sessions, on
0.
_i_.
tot!,,a_td Alcorn, formerly a groom in the service.
fotreD.
IlyrZußY, surgeon, of Croydon, was charged .be time
Nu- - aild a bench of magistrates with breaking into
and
Nitirls belonging to the Brighton Railway Company,,
the ,clg, certain moneys and railway tickets, the property 0'
the 4in,',P,any. From.the evidence taken it appeared that on
'to at" et the 23d ult. some persons effected an entrance
stole vir offfee of the West Croydon railway station, and
tile rh_"'erfrom £4 ss. 4d. ou Thursday, the 7th inst.,
te"-Fee Bridges station was broken into in a similar
caner,,,,.._.alul a small amount of money left by the collector
the East off, and on the night of Saturday, the 9th inst.,
thug Croydon station was also entered by means of
a square of glass, when, in addition to clearing
tke-2i44 of the money, some first and second class return
kore's for
um_ Brighton were
18 Years of age, was stolen. Tho prisoner, who is not
-"4-fully.committed_for trial,