The Sun.
London, England, 1858-05-17 00:00:00

MONEY MARKET

AN 11
COMMERCIAL INTELLIGENCE.

CITY, Two o'Ceoces.
The advises from most of the manufacturing dis-
tricts report that business is gradually improving
from its late gloomy state. At Leeds there had
19een a better sale fur the heavier kind of cloths,
and in the cloth-halls and warehouses a fair amount
of purchases had been made, and the autumn trade,
it is generally expected, will be of a full average
character. Wools are in steady demand, at fair
prices. At Bradford there is rather more
machinery employed on American account, and
the prospect of a revival of trade with the United
States continues to improve, and the condition of
the working classes in the district is improving, al-
though not very rapidly. Business at Hudders-
field has not been very active, buyers having pur-
chased small quantities ; but altogether prices of
both wools and goods remain firm, with an up-
ward tendency. The hosiery trde at Leicester
has exhibited rather more activity. Worsted yarns
are flat, but in wools a fair amount of business has
been reported at full rates. There has been less
activity exhibited in the Cotton Market at
Manchester, but spinners and manufacturers
having rather large orders on hand, demand
full values. For printing cloths there is a
fair inquiry, and long cloths, owing to
.the short-
ness of stocks, are advancing in value. The average
business during the past week is reported not to
have been large, but a cheerful and firm tone per-
vades the market. At Birmingham the iron trade
Continues very steady, and prices have exhibited
increased firmness, owing to considerable orders
having been given out by the East India
Company. In the fancy trades of the district
there is little improvement to notice, but the
Papier mach6 and elect.ro-plate branches have
shown signs of improvement. The hardware
trade at Sheffield continues very languid, but
the improvement lately noticed in the file and tool
trade continues. The demand for the Continent
has slightly improved, and in some branches of the
Cutlery trade symptoms of improvement have been
exhibited. At Wolverhampton the various hard-
ware trades of the district have shown a little
improvement, but some of the wholesale houses
have been moderately active.
Accounts from Liverpool report that the cotton
Market en Saturday closed heavily, and quotations
Were without any material change. The sales were
estimated at 6,000 bales, 500 of which were taken
by the exporters. The Railway Share Market
Manifested a very quiet appearance, and prices
tended downwards.
There were no withdrawals of gold from the
Bank on Saturday, and it is expected that the
Movement, if it has not wholly ceased, will, at all
events, diminish. The least upward turn in the
exchange of Paris would no doubt destroy that
Profit which has lately been derived from the trans-
Mission of specie to France. In the event, how-
ever, of further consignments being made—for
While there is any chance of profit the principal
firms who embark in such operations will assuredly
continue their remittances—no uneasiness need be
felt lest the bullion at the Bank will be reduced to '
such an extent as to affect unfavourably the position
and prospects of the money market. The late
efflux is altogether of an exceptional character, and
cannot be prolonged when the shipments of silver
to the East are so limited, and when, moreover,
the Bank of France do not require supplies ob-
tained from this country. Meanwhile, the imports
of the precious metals are increasing, several
vessels having been announced this morning
With gold. If the withdrawals have ceased,
the deficit caused by those which have already
eccurred will soon be replaced, but the chief part
of the supplies just received will, no doubt, be
absorbed for export purposes. These arrivals in-
clude the following :—the Roxburgh Castle, from
Melbourne, with 50,267 oz. ; the Sydenham, from
'4elbchine, with 26,669 oz. ; and the Calleroon,
Zits th 19,921 of the total value of 387,4281. Besides
these the Tagus has been announced from Gibraltar,
theu„, Mannering from Melbourne, the Na-
ar'hn from Adelaide, and the Alhambra from
the West
Indies ; but the amount of specie they
bring is not yet knows.
--- The general position of the Discount Market re-
roain
3 unchanged. At present the improvement of
trade has been too limited to produce such an in-
ere of applications for money as to influence the
current
I_ terms. They consequently continue very
,w) and without any signs of permanent alteration.
uere is no prospect of any change in the mini-
mum
uln._for some time, for the last return issued by
is auk of England showed that in spite of the
decline in the notes and gold, the financial position
of the establishment had improved—that is to say,
its„ liabilities had been greatly diminished, while
the reduction of its assets was comparatively unim-
portant,
There was a special meeting of the Submarine
Telegraph Company to-day, at which power was
taken, to raise 150,000/. more capital for the com-
pletion of two submarine lines, one to Denmark
a" the other to Hanover, for which privileges
have been granted to the company.
There is continued firmness in the market for
English Stocks, and although the transactions are
limited, they aro not of a character to producede-
pression. The suspense created by the debate natu-
rally checks business,and amidst so much uncertainty
it is rather surprising that values should be so well
maintained. Consuls have been 97i and 971 for
Money ; for account they have been at 97i and
94 The New Three per Cents. are 95/ 96 ;
and also the Reduced. Bank Stock is 221, and
India do. 222. Exchequer Bills are 375. to 40s.
P:6111- ; and the Bonds, 100 k g ; Indian Deben-
kuresi 1001
Foreign Securities are quiet, but continue at
n'T'eady rates. Turkish 6 per Cents. are marked
u6t t and the 4 per Cents. are quite nominal.
Peruvian Dollar Bonds have been dealt in at 63k, wader Land Warrants at Grenada New
Active at 2 Buenos Ayres at 82, and the
Deferred at 18. Sardinian are 92f, Spanish 3 per
Cents. 441 and Brazilian 5 per Cents. 102 k.
A. very limited business has been done in the
railway share market this morning, but in one or
two instances a slight improvement is apparent.
Great Northern, Great Western, Lancashire and
Yorkshire, North British, and South-Eastern
advanced 55., and Eastern Counties 10s. In the
ether lines dealt in there is little alteration to
report in prices. The foreign and colonial lines
arofe very inactive. East Indian and Grand Trunk
Canada have each declined about 10s.
Miner, Banks, and Miscellaneous Shares are
dull and prices show a downward tendency, Lon-
don and County have receded 5s and Uuion of
Australiaimproved about ss. Crystal. Palace and
London General Omnibus Company are at previous
quotations.

____.--
tit/TISPI FONDS THIS D____ AY AT ONE O'CLOCK.
( From the Offiesca List;)
Bank Stock
221 3 per Cent. Reduced Annuities._
3 Per Cent. Console Annuities ............. •• 97$ 1 4 1
Ile. . per Cent. Annulus*,
Long-
Annuities (Exp. sth Jan., MO).-1 4-
222
vndia•Stock.
zt,•,, iionds, ZIOO
Ditto, under 4000 2l
CoLbola for Account ..... 978 A
Esob.qusr 13111 s, 244 March. June.
P. 500
I 37 40
g:11000 ..
I 40 37
_ I 40
80141.......
Exchequer Bonds, 1858, lii per Cont.... _
101 A li
betto. 1559
P
ar WES OF FOREIGN FUNDS AT ONE
102 i
,„ aunan 5 per Cent. 'scenes Ayres Bonds 6 per Cent.
O'CLOCK.
Oitto Account ' B2
.. Ditto Deferred 3 per Cent
4quador New Consolidated _ _
r ena Ditto
da NewProvi
; sional Land Warrant
Active, 2f per Cent.
Rardll4l'es° 13°"8. 3 per Cent., 1853 ...••• 41 Ci
iii 'man Done..a 5 per Cent.
Ittnaltnial'hil 1385;;(118; ;G
perl cflenntt. 44 . !
Ditto Account ............. . .......... . Joy
IN hividends on the above p ....
ayable ndon. in Lo
Peru Dollar Bonds, 4i per Cent. 63i
TWO O'CLOC K.
Consols
C°ll'l°l9, money ....... .. .......... -.... 97i
for account s 97i—buyers