The Sun.
London, England, 1858-04-26 00:00:00

MONEY MARKET

AND

COPLIIVIERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The advices received from the manufacturing
districts to-day, report that during the past week
there has been more activity in the demand for most
descriptions of textile fabrics. At Manchester the
demand foe goods suitable for the home trade
has been rather extensive, and in long cloths,
owing to the qnantity taken, a slight improve-
ment in prices has occurred. Goods suitable for
the German and Levant markets have also
been in fair request. Business at Leeds has
been rather brisk, and buyers have purchased
more freely of summer goods. The fine weather
has given a stimulus to trade, and altogether more
confidence in an improved state of things is mani-
fested. Some of the shipping houses are doing a
fair business, but the aegregate amount is still
much below what is generally transacted at this
'eason f the year. At Bradford very little change
Can be reported in worsted goods. The demand
for piece goods for the American market has
tliehtly improved, and the condition of the
working classes is gradually improving. At
Ralifax rather more business had been
done, but no change can be reported in values.
Business at Birmingham has shown some indica-
tions of improvement, and it is gratifying to state
that the differences existing between the iron mas-
ters and their men have been satisfactorily ar-
ranged, although a large number of furnaces are
still out of blast. The saddlers' ironmongery
trade at Walsall shows symptoms of improvement.
In the various fancy trades of the town very little
change can be reported. The lace trade at Notting-
ham has been quiet, and at Leicester there is little
improvement to netice in the hosiery business.
Accounts from Liverpool report that the Cotton
Market on Saturday closed firmly, and the values
of all descriptions were fully maintained. The
sales were estimated at 7,000 bales. The Railway
Share Market manifested a rather animated ap-
pearance, and prices slightly advanced.

With regard to the general state of the Motley
Market, no general alteration can be reported, and
we can only reiterate that the demand is limited
and the supply abundant. Neither the commercial
requirements nor the amounts necessary to provide
calls upon railway and other descriptions of stock
are sufficient to cause any permanent advance in
the current terms. At the present moment the
tendency is rather in the direction of increased
ease; 2i per cent. being adopted as a minimum out
of doors for the negotiation of first-class short dated
Paper. As the instalments on the Indian loan
Periodic lly fall due, there may possibly be a little
temporary pressure, but no lasting effect is likely to
be Produced until our commercial intercourse with
foreign nations, and also our internal trade, re-
cover from the lethargy under which they are now
suffering.
The only portion of Mr. Disraeli's budget which
Was expected to arouse serious opposition having
been settled, greater confidence is expressed in the
progress of parliamentary business, and thus politi-
cal consid rations which have lately exerted some
adverse influence upon business have now assumed
a more favourable appearance. The facility with
which the penny stamp upon cheques was obtained
seems to have taken most people by surprise, it
being generally expected that the banking interest
• Wwhouieh,ld have contested the point with a pertinacity
although it might not have prevented the
Passing of the impost, would probably have led to
a lengthened discussion. The fact is, however,
that no valid objection could be raised to it, and as
the measure can at any time be repeated, it is
rather extraordinary that the two previous Chan-
cell,„rs were unable to meet with that success which
has on this occasion been attained by Mr. Disraeli.
Several arrivals have been announced to-day,
including the Irene from South Australia, the
Brilliant from Port Phillip, specie not yet known,
and the Tagus from Gibraltar with 25,873/.
The Funds are rather variable. They opened
with an upward tendency, but owing to some specu-
lative sales they have since reacted to the extent
of per cent. Notwithstanding this, however,
there is still an absence of activity. The conti-
nuous influx of gold and the easiness of money pre-
vent any serious decline, and a few purchases would
110 doubt soon restore buoyancy, especially if the
telegrams from Paris reported an improvement in
the Rentes. Consols have been 961 97 for trans-
fer and
97 for account. Since then 964 and
961 97 respectively ; but 96 97 and 97 to 97k
are the present quotations. The New Threes have
been 9,4 e%
/ and also the Reduced. The India Loan
Scrip is marked 99; 100. The settlement in this
security is now going on and the "contango " is
1-16 per cent. Exchequer Bills are 345. to 395.
tPoretuln ; the Bands 100 a, ; and India ditto 99i
110!eig Bnank Stock 220 to 2211.
stocks are quiet and generally steady.
Cents. 1041 ; Russian 5
Turkish.-. 6 per Cents. are 97i 981, and the 4 per
Ditto 4i per Cents. 1101 111 ;
Cents.,
Per Cents., 1011 102 ; Peruvian 3 per
Tiaefosll6okwng
;iancl Buenos Ayres, 80.
are the nominal prices of Foreign
Stocks :—Grenada afferred Bands, 51 6 ; Mexi-
cea:i t
33. perBl 8
3;
Cents,, 20 20A ; Peruvian 41 per
Portugu?se 3 per Cents., 45
46 ; Russian 5 per Cents., 110 112 ; Ditto 4i par
Cents., 100 102 ; Spanish 3 per Cents., 44 441 ;
and Ditto New Deferred, 26 /.
In the Railway Share Market this morning a
moderate amount of business has been transacted,
and some of the leading lines show an improve-
Merit of about A to 1 per cent. Lancashire and
'crkshire and Brighton lave advanced ss. ; Nor-
folk and North-Eastern (York), 10s. ; Great Western
and Midland, 15s. ; and Eastern Counties, 1/. In
theertother lines dealt in prices were steadily sup-
The Foreign and Colonial lines are in limited
request at about former quotations. Namur and
Liege have improved about 10s., and Grand Trunk
of Canada, ss. ; Great Western of Canada and
Greatlt Indian Peninsula are at former values.
d„riunes, Banks, and Miscellaneous Shares are
1: and exhibit no material variation from previ-
"tul current rates.

131tITTps
—EI FUNDS.—CLOSING PEACES—THIS DAY.
3 Per i-•
(Prom the Ofactai Li.st:)
l i
3 ea. Reduced nr,i4les. .
~eer Cent. Consols Annuities 964 7 i 7
xi 1,,
Lo_ per Cent.(. ~,,,,t,,,p .. 95 1 I
...1 Annuities Exp. sth Jan., 1860).... --
.i. uttto 311 Y • sth A •"1 1885 18
ears, expire . Apr ii, • •
'''"dia Sto
India Loan Debentures •
223 1 3
Ind* ck ..................
991
Ditto so •
I .41 dond e, rIP
kluon
... •
„,;into, under £lOOO l7
.y, !obi ter Account
........ .. p
, Qgclisquer Bills, ?id. ..
March. June.
11000 '
39 137
V. 500 .
39 I
$uRll .......,
36 134
Exe bequer 1i0n7878.5g, 3} per Cent.... -
, to, I
I 59
....................... lO4
BraPzißtiaTE,,ST,er°,--P.,,,1:?
Do., 1829 and 1.83 ii ..
E
REIGN FUNDS—THIS DAY.
ent.
............ --
Buenos 'k yres Bout!!!')Peeper Cent .
6 ......
Ditto' Account . .....
Coilian Bonds, 6 per C;11.t..... ...... '"'"
Peruvian Bonds, 3 per Cent;' lo3ii 3
......
Ditto Account
Portuguese Bonds, 3 per Cent.,1853 ... - •‘1,4 i
RtUln Bonds, 1'422, C St., 6 Per ' 46
Cent.... 460k311
Ditto, 4:1). per Cent. .................. .. .. ..
Sardinian Bowls, :5 per Cent. . ..........
102 1
. ... ...._
Ditto Account . ............... sii
8D ,wth ,tmaill, 3 or i ;Ant. ..... • •••'• .
.............
.. 901
Ditt, Passive 7
Turkleh 'orats, 6 pin' cent... --
Ditto Account 9B
Gikto Guaranteed, ; per Cent.
Ditto Account
Venezuela Bonds, 44 per Cent
Ditto Account 35

Dividends on the above payable in Londor.
Dutch Exchange, 2i per Cell', 12 Guilders 6621
Do. 4 per Cent. Certificates
tlitEE 'CLOCK ,
Counts; money 97O
Consols account (May 6) - 97i

A. DISAPPOINTED PIO-NIC PANTY.—" The lath' r day the
- Gilmeral and a party, attended by about 30 marines, went
out, intending to have a pic-ninon the White Cloud Moun-
tains, near Canton. All went on well for some time, and
several villages were passed. But at last a number of col-
(Hers (Chinese) were me', and tfe General, sent• word to
~ .
tinn,
1- c,i,.te
not to alatn r therni.elves, as they Lai ~ .! '. -..
tiot for ples.sure and a pic-nic. The Erase.,, I''''''''vec'
n put themselves into form and opened fire, compel-
ling.
tthe disappointed pleasure party to make a hasty
illfill back to*Canton."—Extract from a Private Lettcr
iPM OCitiOnt

St.
50
at.
St.

20
20
10
Rt.

ut
114
St.
St.