The Sun.
London, England, 1858-10-19 00:00:00

TING.

MONEI MARKET AND CITY NEWS.

CITY, Two. O'CLOCK.
Increased activity has been apparent during the
last few days in the Foreign and Colonial Produce
Markets. Tea has been very firm, and some of the
better qualities of congou have improved d. per lb.
In sugar the inquiry for exportation has been active,
and for home consumption the demand has been
steady, good qualities showing an upward tendency.
Coffee has,been in rather less demand, but superior
qualities of Plantation Ceylon maintain their pre-
vious value. Rice has been dull, but rum and
.fruit have shown an improvement; new currants
being in good demand, and at advanced rates.
Saltpetre continues firm. The public sales of indigo
have proceeded with very little animation, and a
large quantity has been withdrawn, previous
Prices in several instances not being realised.
Tallow continues steady, owing to the limited
arrivals.
The Liverpool Cotton Market yesterday closed
with a flat appearance, but prices remained un-
altered. The sales were estimated at 7,000 bales,
500 of which were taken on speculation. A fair
amount of business was transacted in the Railway
Share Market, but quotations slighly receded.,
Notwithstanding the reported increase in the
demand for silver on Eastern account, and the ex-
Peetation that the next two or three steamers for
India and China would take out larger con-
signments than of late, it appears that
the Ceylon, which is appointed to leave on the
25th, will only convey £90,020. If the exports
thither are kept down to this low average, and the
efflux to the Continent is not materially aug-
mented, a further accumulation of bullion at
the Bank is almost certain. At the correspond-
ing Period of last year, the steamer for the East
left with over three-quarters of a million ster-
ling, the diversion of specie in that direction alone
then being a million and a quarter to a million and
a half sterling per month. There is now some
prospect of a partial reflux from China, through
the payment of the English and French in-
demnity, and it is questioned whether our
commercial operations with the various ports
coofnfotrhmie
tyCelestial Empire now opened in
with the new treaty, will leave
henceforth so large a balance against this country,
to be paid for in silver, as has been the case, until
recently, for the last five or six years. The pro-
motion of trade and 'the increased facilities
to be afforded for the interchange of mer-
chandise will, it is thought, obviate this
inconvenience, for although the demand on our part
for tea and silk may not largely increase, there is
every Probability of our being enabled to find an
extended market for our various manufactures.
Shonld this prove the case, the general
balance of. payments would of course be reduced to
smaller proportions than have been witnessed in
late years. There seems no:immediate prospect of
any new outlet for the absorptiou of specie, but on
the *other hand it. is not improbable that British
Columbia will shortly vie with Australia and
California in the production of the precious metal,
the accounts, received up to this time justifying the
most, sanguine opinions as to the extent and accessi-
bility of the auriferous deposits of the Fraser River.
There has not been much animation at the Stock
txehangeto-day, but, upon the whole, values have
been tolerably well maintained. The speculators
seem to be waiting for some great event in connec-
tion with the favourable course of monteary affairs
which they may enlarge their - transaction's.
It for example, the minimum should be ad-
justed at 21 per cent. an impulse would, no
doubt, be given to the market; but, on the
°ther hand, although the operators at present are
not inclined for Bear. transactions, there can be .no
doubt that a further decline in the exchanges, if
foll.owed by increased 'shipments of specie, would
atbluilate speculative sales. Consols have been 981
I for transfer, and 98Z 2 for the account. They are
rZly4. per
cent,
lower, viz., 98- and 981 respec-
The New Threes and the Reduced are 971 g ;
Exg Annuities, 11 ; India Bonds, 14s. premium;
Ottohequer Bills (March) 375. to 40s. premium;
. (Juno 295. to 325. premium ; ditto Bonds,
(2d4 tki India Loan Debentures 991 ; and ditto Scrip,
18stle) 991 Bank Stock is 2203- to 222 :and
India ditto, 221.
the Foreign Market business is rather quiet
erinen'itsPriees are :yell 3:maintained. Turkish 6 per
are 94; ditto Scrip, No.l,
2,2 z prem., being lower
'Stn. 1 to 11 prem. ; ditto
10541.; ; ditto 4 per Cents.,
Brazilian 5 per Cents., 102-11 ditto 4.-} per
Cents. (1858), 971 ; Portuguese 3 'per Cents., 46z3 ;
Russian 4z, per Cents', 101
lin •/
; Sardinian 5 per Cents.,
941- ;: Spanish 3 per Cents 46; ; ditto Deferred,
30}; ditto Certificate's, 61 3s ; and ditto Passive, 11-1-.
The transactions in the Railway Share Market
have been rather: circumscribed, several of the
Prindipal lines showing a decline of about Ito Per
;rt. Caledonians, Eastern Counties and. Ni P h
ritish, have receded ss. North-Western North
south..„Eastern, 10s., and Brighton £l. In the
4,0 •
reign and Colonial Markets there has also been
aisliallt depression. Paris and Lyons declined 55.,
Grand Trunk of Canada, 155., and East Indian,
68* to 10s.
Joint Stock Bank shares have been dealt in to
mod rate extent, and prices are steady. London
Chartered of Australia improved ss. ; London and
40_estiniuster, Ottoman Bank, and Union of Lon-
ii_7re at previous rates.
0 the Miscellaneous Market, Peninsular and
rlental Steam improved about 10s. Crystal
glace
dn„ •
a London General Omnibus Company
'"'e at previous values.

BRITISH'
DAY
FUNDS THIS NE O'CLOCK.
a 4311 t stock.
221/ 20i 2
a Per Cent. Reduced Annuities 97# 1
# 1 .
liter Cent. Consols Annuities
98
4,17 3 per Cent. Annuities
••,, les, (imp
F Atuluit* ire sth Jan.,
18
.u..1-ttlottsc3r::ears, expire sth April, 1885. •
4/1,4(4-Stock
221
Ditto
to be tur
1, . e n es .
2d Issue
ii-1)!tto Bonds, £l,OOO . ...... .
„Itto under £l,OOO ...
-`43-sols for Account ....... . ........
March June.
elrequer Bills, £l,OOO, 241. &lid... •37 40 I 29 32
.h.ultto 4,500, .., ......... . ....... - 32
Ditto Small, lid. ... ... ... . 32
',Ag..,to Bonds, 1858, 3f per Cent —
o, 1859 ............
•
NOE OF FOREIGN FUNDS AT ONE O'CLOCK.
ItLua n, 5 per Cent.
I,bitto 18,58, 41 per Cent. .. . ... . ....... 971. i
It°lll?guese, 1853, 3 per Cent. .......... 46
ussipm., 1822, £ St., 5 per Cent......... —.4
s Ditto, 1852, 4er Cent .............. 101}
8411111 nm, 5 per Cent ................. 94
Pa.rsulsh 3 per Cent ... . .... .. ....... 30;
(~ DiDitto New Deferred, ..
per Cent. ...... 30t
panistto Passiv'e . . .., ...... fund .. .. 111
h Corn. Cert. of Coup.. not ed.. 61
11,kish, 6 per Cent. ..................
1-iitto Account .. . ................... 94#
bittDitto New Loan. Scrip ................ 14-tip
o2d Issue ._.. . ... . ........ • 3:4 21- p
Ditto Guaranteed, 4 per Cent. ........
Ditto Account ..
Dividends on the above payable in London.
•

TWO O'CLOCK.
ZoirlAs,ccoMulionet,y ................ 98k
......... 981

•
RRt 4'be Fiery Cross has arrived. from China with
of tea bein6 the first cargo of the new crop.
tar Arrivals of 'Russian gold are taking place. A
ed reached London yesterday, and a further sum will
e, received to-morrow. The total this week will be nearly
4°0,000, and more will follow. It is not yet known if any
Ceylon, to
(31. it will be taken for the continent.
h.,:lhe Peninsular and Oriental steamer 741 on the 20th, will take out £90,020, of which
,300 is
.
~, India and £38,720 for China, all silver except 22 sove
'', I,Tta forbad ras. At the corresponding period of last
J'ea,bt the shipment was £778,768.
411 E WESTERN BANK OF SCOTLAND.—The
h,4ol.6uryh Daily Express says :—" Reckoning the average
re at which Western Bank shares were
the in Dundee at £6O, and adding calls,£l2ool:fouorghti.htehbeyltol ea
or loss to Dundee alone is upwards of £59 . •
t4o,orfooar4 Arbroath, Montrose, and Brechin is upwards of
(1.',,,,t the Croydon petty sessions, on Saturday
r:
It 4_84 Alcorn, formerly a groom in the servictgo_fre
T.
1it:A.4°,1,111% surgeon, of Croydon, was charged
.ocio
vi,is4-t-alut a bench of magistrates with breaking into three
ani
shin belonging to the Brighton Railway Company,
,oc!.
• the nig certain moneys and railway tickets, the propert3 t
1111 ~,?I)lPany. From the evidence taken it appeared that on
itito--FLlit of the 23d ult. some persons effected an entrance
htoln ',ate °Mee of the West Croydon railway station, and
the-I,L4erefrom £4 ss. 4td. Ou Thursday, the 7th inst.,
ths42'ree
agesßrid station was broken into in a similar
is er%and small amount of money left by the collector
the .`ll.l.led off, and on the night of Saturday, the 9th mgt.,
break!4it Croydon station was also enter by means. of
the 4' a square of glass, when, in addition to clearing
tiek'eVP of the money, some first and second class return
teor Ls for'Brighton were stolen. The prisoner, who is not
13 than 18 years of age,, was fully committed for trial.