The Sun.
London, England, 1858-10-29 00:00:00

MONET MARKET AND

CITY NE WS.

CITY, Two O'CLOCK.
In the markets for Foreign and Colonial Produce
the transactions during the last few days have
been of a very limited character, and, with the
exception of tea, scarcely any alteration of impor-
tance has taken place in prices. At public sale tea
sold rather slowly, at a decline of about 4d. per lb.
Sugar has been very quiet, but holders still continue
to demand full rates for most of the better qualities.
The transactions in coffee have been unimportant,
and prices have exhibited little alteration. A fair
demand has been experienced for new fruit, and
prices have been supported, more particularly for
good and fine qualities. Saltpetre has been dull,
and at slightly reduced quotations. For tallow
there has been rather more inquiry, and prices have
shown an upward tendency.
Accounts from Liverpool state that the Cotton
Market yesterday continued very dull, and prices
of all descriptions were at a slight decline. The
sales were estimated at 5,000 bales. In the Rail-
way Share Market there was rather more anima-
tion, and values in some instances improved.
Although the Bank authorities consider it pru-
' dent or unnecessary to reduce their rate of dis-
count below 3 per cent., and there is, more-
over, some probability of an increased exporta-
tion of specie, the existing easiness and abund-
ance of money may be expected to continue. Until
trade expands to a sufficient extent to bring into
use a further large proportion of the resources of
the general market, which are now considered
excessive, no permanent alteration in this
respect need be anticipated. But there
is one point that seems to have escaped the
notice of those who have criticised the proceedings
of the Court in rather -severe terms, viz., the pro-
bable effect of the resolution announced some time
ago, by which it was determined that the autho-
rities would hereafter decline to re-discount for the
brokers. When, therefore, the plethora now expe-
rienced decreases, and the demand, through ex-
tended trade requirements, and the promotion of
new home and foreign schemes, again be-
comes animated, a sudden reaction may set
in, necessitating a rise in the terms of dis-
count instead of a reduction, which many
are now disposed to advocate. That a movement
of this kind will occur before many months have
passed seems exceedingly probable, and the con-
tingency is, no doubt, fully weighed by the
executive of the national establiAlment, in reviewing
from week to week the position of their resources,
and the manner in which they are likely to be
influenced by the developement of various im-
portant symptoms, which, from their apparent
insignificance, scarcely attract the notice of the
general public.
The meeting of the Great Indian Peninsula Rail-
Way Company took place to-day. It appears that
1301 miles of railway are open for traffic, 732 under
contract, and 3721 unlet, together 1,2351 miles.
To meet the increased liabilities the directors had
Made a call of £2 per share payable on the 25th
November next, which will place all the unpaid
shares upon the level of £4 per share paid. The
receipts for the half year were £42,166 4s. 7d., and
the expenditure, £17,075 13s. ld., leaving a
balance or profit of £25,090 1 ls. 6d. The report
i 8 now under discussion.
A special meeting of the Scottish Australian
Investment Company was held to-day—Mr. Dick-
'son in the chair; the object being to confirm the
conversion of the shares into stock, agreed to at a
previous meeting, which having been passed, the
meeting adjourned.
A meeting of the Cologne Mining Company took
Place to-day. It was hoped that the mines might,
in copsequence. of the change of management,
be worked at a profit. The accounts showed a
balance in hand of £235 4s. 6d.
Although the transactions in the English Stock
Market are very limited, the quotations are well
maintained. Business is, no doubt, impeded by the
desire felt among the speculators to await the
Bank return, and the statement respecting the ex-
changes, before enlarging their engagements. Con-
are about 987, 1 for money as well as account.
Bank
New Shares and Reduced Annuities are 971.
4.lank Stock is rather firmer, viz., 225 ; India ditto
44tivaneed to 225. to 227; the Loan Debentures were
nea„ dY, thu -Ist -issue being 991 and the 2d ditto
74; the March' Exchequer Bills, 375. to 40s. pm. ;
'line ditto, 345. to 375.
fA fair amount of business is
recorded in the
oreign Stock Market, and prices are well main-
t
se i
au'ed• Turkish 6 per Cents. are 931 94 ; ditto
2,1 P (first issue), ,a ;1-1, pm. ; ditto (second issue), 11
; ditto 4 per Cents., 105 a ; Peruvian 41
Cents'' per
.eCellts., 911 92 , ditto Uribarren, 80 82 ; ditto 3 per
tt , 2
A 711 ditto Dollar Bonds, 78 781 ; Buenos S
—37,es 6 per: Cents., 80 ; Mexican 3 per Cents., 20 ;
ce7nguese 3 per Cents., 47; Sardinian 5 per Si
si
lints., 94 ; and Austrian 6 per Cents., 86.
SI
bl'siness in the Railway Share Market has been
er dull, and a decline of about Ito per cent.
Ca taken place in most of the principal lines.
edonian, Edinburgh, Perth, and Dundee, Great
w,estern, North Western, Midland, North British,
se' .'")rth Eastern (Berwick), have each declined
(f South Western, 10s. ; and North Eastern
ne ), 10s. to 15s. The Foreign and Colonial
14,08 are very inactive. Paris and Lyons have im-
(t4Zd ss-, Grand Trunk of Canada, ss. to 10s. ;
"rent Western of Canada about ss.
)3:oi.ut-Stock Bank Shares are a shade flatter.
Qk of London have receded about ss. ; London
cinit-Stock, ss. • and Union of Australia, 10s.
In the Miscellaneous Market, Royal Mail Steam
stand
2& y at 621 ; European and American Steam
Peel River Land, 2a

BRIT
13 ""ISII FUNDS THIS DAY AT ONE O'CLOCK
kik stoc 225
k • •
a Per Cent. Reduced Annuities
Icitez' Cent. Consols Annuities
India 3 Per Cent. Annuities
Stock
Ditto Debentures
~IDitto 2d Issue
t ittttn° ul3nodnedrs't 41,100'00)0 l4 12
11 14
Consols for Account 9Bl
March J une.
111,(. Oleg uer 131118* , £l7OOO, 2d. &lid_ 40 37 4
+-hit° small, id.
37 I
ue,
131,...,..e. OF FOREIGN FUNDS AT ONE O'CLOCK.
-"i'larl, 5 per Cent.
b Ditto 1858, 4/ per Cent. 97j
kilee,;ll" Ayres, 6 per Cent.
I,el7irctsonlepeznpetent • 80
20
-"all 4.1 er Cent.
92 11 2
Ditto (Uribarren), 4} per Cent.
Ditto 3 per Cent.
you Account
%h? gu. ese, 1853, 3 per Cent.
TH,.-Ciall, 5 per Cent 94
.„.4mell, 6 per Cent.
otto
-Ditto New Account
Loan Seri
Ditto 2d Issue P 4
)21410 Guaranteed, 4 per Cent.
, Dividends on the above payable in London.
‘ltst •
pa Ilan, 10 Gu. £,, 5 per Cent.
'tilvian Dollar Bonds, 41 per Ct. Er. 4s 7Bl 80
Consols, M TWO O'CLOCK.
Money TWO
/
Ditto Account 9B f

'We have reason to believe the Proclamation
of was to announce the assumption of the Government
.4 India by the Queen was drawn up and despatched from
this country some weeks since. Intelligence of its arrival
ill India may be very shortly e7speeted.Times.
sIuLIVERPOOL, Thursday Night.—The screw steam-
liangaroo, for New York, with the United States
1„-ftlis, was off Queenstown this afternoon. Wind, E.N.E.,
-""'d,erate, and fine.
Large quantities of coals have been Washed
411 ore -on the beach between Blyth and Seaton Sluice dur-
ta4t_ the last few days, also an abundance of seaweed. The
4tiryners in the neighbourhood_
_have secured an excellent
commodities.—Newcastle
041/131Y of each of these useful co
ronicle.
h,s4 MAN CARRIED AWAY BY A KITEr
ev7l, named Power, residing at Castleconr, ,
.—weAntyaoufnewiarg
ht,Le-"lgs ago to-fly what he termed a Spanishrdkiaten,dotfavi4errt
dimension.s Having adjusted the
it
Y aacendedwith a brisk breeze until it had taken the
140,1,ellgth of the cord, which became entangled roTisd_
hand. The wind increasing, he was drawn adt
tioc ci nearly half a mile in the greatest agony, the cord
te,,ting into the bone. The Rev. Mr. Penrose, the Pro.:
t curate of the parish, seeing the man running and
of 111 g, at one time raised off the ground for a distance
tke perches, and again running along at full speed,
"eived that he was dragged by the kite, and followed
fast as he could ; but being unable to come up with
vas '," shouted at the top of his voice to " let go • there
killed in a thunderstorm by the lightning of a
when Power heard these words, he shouted with
4do-
the 11bl ed vigour, butcould not extricate himself until, after
e t-t Lance mentioned, hewas stoppedbya high stonewall,
the kill of 'which being coped, cut the cord and set at liberty
044 f,i.'e,and its owner, who was almost lifeless with fatigue
.`l4t.--icilkenny Journal.