The Sun.
London, England, 1858-07-12 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The advices received from the manufacturing dis-
tricts report that during the past week a gradual
improvement has been perceptible in most descrip-
tions of business. At Manchester the demand for
goods suitable for India had been active, and sheet-
ings had improved ld. to lid. per piece. Yarns
improved id. per lb., and the demand was mode-
rately active. At Leeds the woollen cloth trade
had exhibited symptoms of activity. There
has been an increase in the demand for genuine
cloths, and the operatives were fully engaged. In
the various Cloth-halls there was an average at-
tendance of buyers, and, taken altogether, the
prospects of the trade were very encouraging. Busi-
ness at Bradford has been rather inactive. Manu-
facturers, however, are well engaged upon orders
not yet completed, and prices of all descrip-
tions of goods are well supported. At Not-
tingham and Leicester the hosiery and lace trades
have slightly improved. The demand for the Ameri-
can market, however, is not quite so active, but for
the home trade there is a good demand. At Bir-
mingham the sales of iron have been very limited.
The best brands have been chiefly in request, and
prices have varied according to the necessities of
the makers. In the various fancy trades of the
district there is little alteration to report. The
hardware trade at Sheffield and Wolverhampton
has been rather more active, a good demand hav-
ing been experienced for exportation.
Letters from Liverpool mention that the Cotton
market on Saturday closed with rather more activity,
and prices of all descriptions were fully maintained.
The sales were estimated at 7,000 bales, 1,000 of
which were taken by the speculators. In the Rail-
way Share Market the transactions were limited,
and the quotations of the leading lines slightly de-
clined.

On Saturday the Bank's metallic reserves were
again trenched upon to the extent of 90,0001., and
the question naturally asked is, for what purpose
this efflux is intended ? This appears very difficult
to explain ; but the presumption is that those
continual remittances are associated with some
extensive financial operation, the particulars
of which have not yet transpired. What-
ever opinions may be entertained upon the
subject, certain it is that a drain is going
on which, unless checked, must soon cp,use
an important deficit in the stock of bul-
lion. At present the movement, though carefully
watched, has not excited uneasiness, because it is
known that a million and a quarter in Australian
gold is coming forward, and must soon arrive.

There is no alteration to report in the Money
Market ; the ter ins continue easy, and the demand is
limited. The inquiry is now chiefly confined to the
daily wants of the commercial public, which, as
trade is quiet, are not extensive. In this situation
the market will continue until some large absorp-
tion takes place either for speculation or legitimate
enterprise. At the Stock Exchange, the settlement
being over, the demand for loans has subsided, and
if required they can be obtained on easy terms.

The departures for the Australian colonies during
the past week have been very limited, and comprise
only two vessels, viz., one to Port Philip, of 884
tons, and one to Launceston, of 632 tons.
The annual meeting of the Union Bank of Aus
tralia has just been held, Mr. Cummins in the
chair. The report was on the whole favourable,
and stated that affairs in the colony were slowly
recovering. Three new branches had been opened.
The profits for the year were 173,6051. ss. 11d.
The nett b dance on the 30th of June, 1858, was
87,0991. 12s. sd. The rate of exchange had been
unfavourable and several losses had occurred to
the Bank but the directors had still been able to
Write those losses out of the profits and also fo add
to the reserve and declare a dividend of 10 per cent.
for the half-year. The report was adopted una%i-
mously.

In the market for the English Funds there has
not been much animation. Prices have been
rather depressed owing to the unfavourable Indian
intelligence. Consols for money are 95i and
for the account 95g 4. The New Three per Cents.
are 95-la, and Reduced Annuities 95 Bank
Stock is 220 to 222, and India Stock 218 to 221.
Exchequer Bills are 325., and the June issue 20s.
to 235. premium.
A fair amount of business is being transacted in
the Foreign Stock Market, but prices remain
steady. Turkish 6 per Cents. are 94 95; ditto 4
per Cents., 1041 ; Brazillian Scrip, 1 to -1; die. ;
Buenos Ayres 6 per Cents., 83 ; Peruvian 4!! per
Cents., 88/; Portuguese 3 per Cents., 451 ; Sar-
dinian 5 per Cents., 891 ; Spanish New De-
ferred, 27/ ; Dutch 22 per Cents., 651 ; and
ditto 4 per Cents., 100-i.

The transactions in the Railway Share Market
have been more limited, and prices have been
rather flatter. Lancashire and Yorkshire have de-
clined 10s. ; M►dland, ss. ; North Stafford, se. ;
and south Eastern, ss. Great Northern advanced
; South Western, ss. ; and South Wales, se.
In the Foreign and Colonial Markets prices were
flat. East Indian declined about 10s. Grand Trunk
of Canada advanced 10s. ; and Great Western of
Canada, ss.

Mines, Banks, and Miscellaneous Shares have
ben dealt in to a very limited extent, and but
little alteration can be quoted in values. Bank of
Australasia have improved 10s.; and Union of
Australia, 10s. to 15s. Peninsular and Oriental
Steam advanced to 78.

BRlrxsa FUNDS.—CLOSING PRICES—THIS DAY.
( From the Official Lixt:i
Three per Cent. Reduced Annuities 9sa i 0
3 pei . •eet . i.e..* Annuities 9si A 5
New Three per Cent. Annuities
India Stock
Ditto Bonds, £lOOO .. ...
Diet , under folio 2O
India Loan Debentures
Consols for Account
Exchequer Bills— March. June.
£lOOO ..•
Exchequer Bonds, 1858, 3i per Cent. —
Ditto, 1859
FOREIGN FUNDS.—THIS DAY.
Buenos .Ayres Bonds, 6 per Cent. —
Ditto Account
Ditto Deferred lBl t,
Equador New Consolidated
Guatemala Bonds, 5 per cent 59
Peruvian Bonds, 4i per Cent B,l
Portuguese 3 per Cent., 1853 —
Ditto Account
'Russian 1822, £ St., 5 per Cent ll2
Ditto'q per Cent 991
Sardinian 5 per Cent B9i
e„ Ditto Account . . B9i 9
oximnish Roads, 3 per Cent.
Ditto New Deferred. 3 per Cent.
Turkish Bonds, 6 per Cent.
Ditto, Account - 95 i 4i 5
Ditto Guaranteed 4 per cent.
Venezuela Bonds,s per Cent 3Bi
Ditto Deferred, 2 per Cent. . 143
Belgian Dividends on the above payable in London.
4i per Cent., ex 25f lOO
Dutch Exe.hang 24 per Cen:,., 12 Gunners 65
Do. 4 Der c7ent. certificates
Peruvian Dollar Bonds, 4. per Cent. 72i
THREE ,O'CLOCK.
Consols, money 95 i
Ditto account...... 95i .. ......

THE THAMES AT GREENwicrt.--It having come to the
knowledge of the Metropolitan Board of Works that
the Thames at Greenwich was stated to be quite tree
from the pestilent odours which for several weeks
have rendered almost every other part
positive
schiavte u
o nncei:
noble river, from Putney eastward, ait
!lance and a disgrace to London, Mr. Bristow, the mem-
ber for Greenwich of the Metropolitan Board, accom-
panied by some fellow-meinhers, and many scientific
and literary gentlemen, assembled at Greenwich oa Satur-
day, for the purpose of personally ascertaining whether
the ancient borough enjoyed perfect freedom from
stench. After an hour's' sojourn on the banks cf. the
Thames and an examination of the districts most likely
to be affec'ed by the impurity of the river, the fact
was found t 3 be just as reported. In the even-
ing the gentlemen. engaged in the sanatory
survey sat down to a sumptuous enter' ain-
mew, provided by Mr. Quartermaine, cf the Ship.
Dr. Park, the medical officer, of Greenwich, stated that
the sickness and mortality in the district were less than
the average during the month of June, when the
Thames at 'Westminster and westward was most
offensive.

SP. CITY OF LONDON HOSPITAL FOR DISEASES OF THE
CHEST, VICTORIA PARS.—It appears iron the returns
that the number of patients relieved at this institution
during the last week was 971, cf which 116 were new
Oases.

ROYAL Fit E- HOSPITAL, GRAY'S INN-ROAD.--The
nutubtr of ratients relieved at this hospital during the
week ending July 10, 1858, was 2,094, of which 688
were new cases.