The Sun.
London, England, 1858-09-09 00:00:00

MONEY MARKET AND CITY NETVS.

CITY, Two o'CLocK.

Renewed easiness is now experienced in the Dis-
count Market, the supply being abundant and the
demand limited. The payment of 16 per cent. in-
stalment, amounting to about half a million ster-
ling, which was effected in the Turkish Loan yester-
day, seems to have produced very little influence,
provision having probably been made beforehand.
Other large payments will shortly be due
upon the Indian Loan, but it is not ima-
gined that they will materially augment the
general inquiry for accommodation. The terms
have descended to their previously low point, 21
per cent., being about the average rate for first
class bills. The discount firms afford ample assist-
ance to the mercantile community, and show no
disinclination to negotiate even long-dated secu-
rities. The consequence is that the applications at
the Bank continue limited, and this, together with
the continuous influx of gold, has given rise to a
question in some quarters as to the probability of a
reduction in the minimum. It is not thought by
the majority that any measure of the kind will be
attempted, although a reduction by the Bank of
France is considered imminent. The letters from
Paris speak in rather confident terms upon this
subje .It, owing to the accumulation of specie, and
the absence of any pressure for accommodation.

The affairs of Messrs. M'Nair, Greenhow, and
Co., of Manchester, who lately became embarrassed,
are to be investigated by a committee of five of the
principal creditors.

Further failures are apprehended in the Moga-
dore trade, but they are not of general importance.
This being the first day of the Jewish New Year
it is kept a strict holiday among those of the Hebrew
persuasion, and the general dulness of business has
been increased in consequence.

The Avon, for the Brazils, will take out £69,400
in gold and silver.

About £6,000 in gold was taken into the Bank
of England yesterday,:- and the bullion, it is sup-
posed, now exceeds £18,000,000.

Accounts from Liverpool report that the Cotton
Market yesterday closed firmly, and prices were
fully maintained. The sales were estimated at
15,000 bales. In Railway Shares a moderate amount
of business was transacted, and quotations tended
upwards.

A further rise has taken place in Turkish Scrip,
viz., to par and I premium. Since large purchases
have been made, and it is not improbable that a
further recovery will soon take place.
Public Securities continue buoyant, and at a
further slight improvement. Favourable opera-
tions, real, as well as speculative, have altered the
tone of the market ; and it is evident that the in-
jurious effects resulting from the introduction
of the Turkish Loan have, in a great measure
disappeared. Consols have been at 979 for
money, and 979 I for the October account.
The New 3 per Cents. and the Reduced Annuities
are firm, viz., 97;3 to 97/ ; Long Annuities, 1:4 ;
the March Exchequer Bills are marked 315., and
the June ditto, 225. to 255. pm. ; the Bonds have
been dealt in at 1001 1; Bank Stock is quoted for
special transfer 229 ; India Stock, 214 to 216 ; ditto
Debentures, second issue, 98 ; ditto Scrip, second
issue, 989; and ditto Bonds, 13s.
A further slight advance has taken place in the
market for Foreign Securities. Turkish 6 per
Cents. are 951 ; Brazilian 41 per Cents, 1858, 961 ;
Equador New Consolidated, 141; Peruvian (Uri-
barren) Bonds, 80 ; Sardinian 5 per Cents., 921;
Spanish 3 per Cents., 46 ; ditto Deferred 299 a ;
and ditto Passive, 511.

The last week's railway receipts, ascertained up
to this day, are, in round figures, as under :

1853.
Great Western
North-Western
South-Western
Brighton 19,887
Midland
South-Eastern
Great Northern 23,898
Lancashire and Yorkshire
Bristol and Exeter
Chester and Holyhead 7,569
East Lancashire 7,057
Manchester, Sheffield, and Lincoln
North-Eastern

,
Oxford, Worcester, and Wolverhampton 4,656
West Hartlepool 3,532
South Devon ,,,, 3,494
Dublin and Wicklow 2,554
Belfast and Ballymena 1,C57
Edinburgh and Glasgow 6,286
Grand Trunk of Canada
Great Western of Canada
Northern of France

4,755
3,551
3,005
2,495
1,295
6,414
9,596
8,251
41,661

The above figures indicate an improving tend-
ency, in consequence of the gradual revival of
trade. The movement, though slow, is progressive,
but it is very satisfactory, because even at the pre-
sent rate it will show a sensible amelioration in the
state of commercial affairs at the end of the year.

A rather active business has been done in the
Railway Share Market, and prices have in most
instances exhibited an upward tendency. Eastern
Counties have improved 10s. ; Manchester, Sheffield,
and Lincoln, 10s. ; Midland, 10s. ; North-Eastern
(Berwick), and South Wales, ss. ; and North Bri-
tish and South-Eastern, £l. North-Western have
declined ss. The Foreign and Colonial lines have
been moderately active. Lombardo-Venetian
declined ss. ; Pernambuco, ss. ; and Eastern
of France about ss. In the Colonial lines
Great Western of Canada receded ss; Grand
Trunk of Canada 10s. ; and East Indian about ss.

Mining Shares were not dealt in, and remained
at quite nominal rates.

Joint-Stock Bank Shares are exceedingly dull.
Ottoman Bank have improved about ss.
In the I\liscellancous Share Market Canada Land
ore steady at 117. Peninsular and Oriental Steam
have improved to 831, and European and American
Steam to 21. Atlantic Telegraph Shares arc dealt
in at 495 to 305.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
Bank Stock ' Shut 229
3 per Cent. Reduced Annuities 97i 1 i 1
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 l4
India Stock
Ditto Debentures, Ist issue.
Ditto ditto, 2d Issue
Ditto Scrip, Ist issue
Ditto Bonds, £l,OOO
Consols for Account, 12th Oct

March - - June.
Exchequer Bills, £l,OOO, 21d. 3l 1 25 2
Ditto Bonds, 1&58, 31 per Cent.
Ditto, 18.59 um 1
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Brazilian, .5 per Cent .
Ditto 1848, 41 per Cent 961
Bquador New Consolidated
Peruvian, 41 per Cent.
Ditto (Uribarren), 41 per Cent.
Sardinian, 5 per Cent. —
Ditto Account
Sinnish 3 per Cent. 46
Ditto New Deferred, 3 per Cent. —
Ditto Account
Ditto Passive
Turkish, 6 per Cent.

Dividends on the above payable in London.
TWO O'CLOCK.
Consols, Money 97
Ditto Account 97k

PEMBROKE YARD.—The Windsor Castle, recently
launched at rembroke, is progressing rapidly in her jury
rigging.. She has already her three masts shipped and her
topmasts on end. The terrible is here to accompany her
to Deyonpor t. The Rhadamanthus has left for Devonport
and the eastern yards. A doorway is to be opened in the
eastern boundary wall for the accommodation of the troops
and others attending the dockyard chapel. Additional gas
is to be furnished the Government town. These are the
only results hitherto known of the recent Admiralty

•
THE WASTE OF WOOLLEN MILLS,—The Dum-
fries Courier describes a process—now in operation at the
Kingholm Woollen Mills, near Dumfries—by which the
hitherto refuse water of the washing-houses is converted
into valuable commercial material. By means of mechanical
appliances and chemical action, the refuse, formerly turned
into the river Nith, to the injury of the salmon, is made to
produce stearine, which forms the basis of composite candles,
as well as cake manure that cells at 40s. per ton.

Another disastrous gunpowder explosion has
been experienced in Russia. According to advice& from
St. Petersburg, dated the 31st of August, a great explosion
took place on the morning of that day at some powder-
tiling in the vicinity of the city, by which it was feared
several hundred lives had been lost.

BRISTOL LEATHER FAlR.—This fair commenced
Y.esterday. There was a large attendance of tanners and.
factors, but very few buyers, which was anticipated, con-
6-dering the very heavy sales of leather made during the
Past two months. The fine weather has brought a fair sup-
Ply of dressing leather, but very little sole leather has been
exhibited for sale ; indeed, there is not much left in the
hands of the tanners suited to the demand for this market.
There is no doubt that another month will bring renewed
114t.yity and higher prices, Offal, is exceedingly scarce,