The Sun.
London, England, 1858-02-12 00:00:00

MONEY MARKET

COIVriv(F.,II.OTAL TNTET,T,TarNer-,;

CITY, Two O'CLOCK.
In the Foreign and Colonial produce markets,
during the last few days, business has keen very
dull and most of the leading staples have slightly
receded in value. Sugar has declined about 6d. to
is. per cwt., and tea, owing to the advices by the
overland wail stating that large shipments have
been mane, has declined about Id, per lb. Coffee
- has been moderately steady, and cocoa firm,
owing to a large Government contract that has just
been issued. Spices have slightly declined,
as also saltpetre. The public sales of indigo con-
tinue to progress very slowly. There is still a want
of activity in the biddiugs, and no alteration can
be noted in the prices realised for the various qua-
lities at the commencement of the sale. Good use-
ful qualities of Bengal, however, are in better re-
quest. Tallow has been rather firmer. P.Y.C.
on the spot being now quoted 525. 9d. to 535. for
spot and delivery up to June, and 50s. 9d to 51s.
for last three months.
. The Liverpool Cotton Market yesterday presented
a very animated appearance, and values of all de-
scriptions continue to improve. The sales amounted
to 15,000 bales, 5,000 of which were taken by the
Speculators, and 1,000 by the exporters. The Rail-
Way Share Market closed quietly, and prices were
Without any material alteration.
The market for East Indian Securities bearing
5 per cent. interest is rather firmer, and it is gene-
. rally imagined that a decided improvement will
take plane in their values, as a statement is circu-
lated to the effect that the East India Company
have decided upon granting no more guarantees.
It is rather singular that a movement in these
investments has not taken place in proportion to
the reduction in the minimum rate of discount,
but probably the prospect of continued calls pre-
' vents the advance.
The general rate of interest now allowed for de-
posits with the joint-stock banks and private firms
is 2 per cent., and there can be no doubt that these
establislun.ents will receive offers of considerably
more money than they can employ. The current
terms for the negociation of commercial bills have
been slightly reduced in consequence of the alter-
ation made yesterday in the minimum rate of dis
count. Good bills are negotiated at about 2 and
Per cent., and instances are met with wllere 2,} per
cent. has been really accepted. An impression
exists that although a further slight relaxation in
the official quotation may take place, the existing
easiness will not be of long continuance ; but one
thing is pretty certain, namely, that there must be
a considerable revival in trade before there is a suffi-
cient diversion of capital to cause any reaction.
During the spring some amelioration will no doubt
take place in all departments of trade, and then,
perhaps, the demand for accommodation will be
sufficiently active to enable the monied interest to
obtain rather higher rates for discount.
The Bank of Frankfort have reduced the rate of
discount to 3 per cent.
The Bank of France returns are completed to
yesterday, showing a further general improvement
en the resources of that establishmcnt ; but it would.
appear that trade in France continues dull, inas-
much as the pressure for discount accommodation
je still very limited. The bullion shows an in-
crease of 1,260,0001., and the bills under discount
• • have diminished to the extent of 2,840,4001.
The market for English stocks is rather firmer
today, but the transactions are but few, and the
Movement in prices is unimportant.
The anticipation of a favourable Bank return
tends to support quotations, and it is generally
• thought that no material improvement will ensue
till after further progress is made in the business
tow before the House of Commons.
Consols have been 96e # both for money and ac-
count. For the 4th prox. they are now 96i sellers,
The New Three per Cents. are 06k ; and the
Reduced, 96i ; Bank Stock is 225 ; Exchequer
are 325. prom. ; and India Bonds, under
1,000?., 255. prem.
Foreign Stocks are very firm and a gcod business
has been transacted at enhanced quotations.
Turkish 6-per Cents. are 100 to 1001 • and ditto
4 per Cents., 104/ ; Brazilian 5 per dents. have
declined to 1031, but the 44 per Cents have
advanced 11 per cent., viz., 99i ; Buenos Ayres
6 per Cents. have improved 3 per cent., viz., to
103, 105 ; Peruvian 454 per Cents. to 801, 81 ; and
ditto 3 per Cents. are steady at 56 ; Poituguese 3
per Cents. are steady at 45k; and Russian 5 per
Cents. at 1114, 1121. Sardinian 5 per Cents. aro
901 ; Spanish 3 per Cents. 431, 444 ; ditto Deferred,
26e ; and Dutch 4 per Cents. 101.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 516 ; Mexican,
20 201 ; Peruvian 4-i per Cents., 80 81 ; ditto 3
per cents., 55i 561 ; Portuguese 3 per Cents., 45
46 ; Russian 5 per Cents., 111. 113 ; ditto 4i per
Cents. ; Spanish 3 per Cents., 431 44 ;
Ditto New Deferred, 26 261.
Business in the Railway Share Market this morn-
inghas been inactive. Prices, however, have shown
some slight variation. Great Northern and Great
Western have advanced 10s. ; Eastern Counties,
155. ; and Midland, it. North Western, and Vale
of Neath declined ss. ; Brighton, 10s. ; and North
Eastern (Berwick), 15s. In the Foreign and
•
Colonial undertakings a very limited business has
• been reported. Not tliero of France has improved
about se. ; East Indian, 10s. ; and Grand Trunk
of Canada and Great Western of Canada, about ss.
Joint Stock Bank and Miscellaneous shares aro
exceedingly inactive, and little variation can be re-
ported in prices. London and County have re-
ceded ss. Oriental Bank, ss. Union of London
advanced 51.
In the Miscellaneous Market the only change to
report has been an improvement of 1/. in Royal
Mail Steam shares.

BRITISH YUNDS.—CLOSING PRICES—THIS DAY.
(From the Offlctai Lista

Bank Stock BnelnerP done.
b.. 1 • eat. reduced Annuttlee
i
3 per Cent Cmb; o Annnitles 96L 6 6 A
New t per Cent. Annuities 961 iiii
lodi. Bonds, £lOO .• • •
nitte. under ll= 25 p
Bank Stock for Account 226
(Tolsols for Account
an't,Poner liMa. 20.
$l.OOO • ~... .
eta,
Small 35 32
...• • 32 35 32 p
PRICES OF FOREIGN FUNDS—THIS DAY.
Braun/in 5 per Cent
Ditto 1852, 4i per Cent.
Buenos Ayres Bonds, 6 per Cent. lO3 5 9
. Peruvian Bonds, 41 per Cent B.of 1
Ditto 3 per Cent.,..,,. 56 51
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 18b3, 3 per Cent.
:Russian Bonds, 1622, £ St., 5 per Cent lll. 124
Ditto, 44 per Cent. 991
illardinian Bongs, 5 per Cent.
Upanith Bonds, 3 per Cent.
Ditto Account 44 4 3,1
Ditto New Deferred, 3 per Cent.
, Initto Account
Ditto Passive 6l
Tarkieb Bonds, 6 per cent lOO i 99i 1001
I 'Ditto Account lOO3 i
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.
D %toll Exchange, 24 per Cent., 12 Guilders 654
. . Do. 4 per Cent. Certificates
.111.ttEE O'CLOCK.
Consols, money
Consols account (March 4)

is
20
100
100

The Emancipation of Brussels says :—" Mr. Somers,
a reporter of the Times, who was sent into Belgium to
g ive an account of the passage of the Prince and Princess
'rederick William through this country, waited a few
a. !styli ago on the Minister of War, and in the name of
t be Times expressed regret for the publication in that
j' )urnal of the article on the Belgian army which created
nob a sensation.

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