The Sun.
London, England, 1858-08-10 00:00:00

MONEY MARKE7' AND CITY NEWS.

CITY, Two O'CLccic.

The Markets for Foreign and Colonial Produce
during the last few days have been exceedingly ac-
tive. Tea has been dealt in to a moderate extent,
and prices have slightly improved. Sugars, of good
quality, have been in good demand, and full values
have been readily obtained. Coffee continued steady,
but rice and rum have been dull. Spices have been
quiet, and saltpetre has been iu active request at
fully late quotation=. The value of drugs and oils
has been well maintained, and tallow continues firm,
P.Y.C. on the spot is quoted 48s. 9d., last three
months 495. to 49:,. 3d., and January to March 495.
61 per cwt.

The letters from Liverpool mention that the Cot-
ton Market, yesterday, closed firmly, and priecs of
all descriptions were fully maintained. The sales
were estimated at 7,800 bales. In the Railway Share
Market an extensive business was transacted, at fully
previous rates.
The inquiry for silver continues very quiet, but
no further change in the quotations has occurred,
bars being about 60id. per oz. standard. Small sup-
plies are received from the Continent. The Dolphin,
from Antwerp, yesterday, brought a parcel valued at
about £3,000. The shipments to the East are ex-
pected to continue very limited.
During the last few days the transactions in the
bullion department of the Bank have been of no
public interest. It is expected, however, that a fair
proportion of the Australian receipts will be disposed
of to the authorities. _ _

Money continues in limited request, and the terms
are without alteration.

One instalment of 15 per cent. is due to-day upon
the first issue of Indian debentures. Owing to the
large proportion already paid up in advance, this
operation is not of much importance, nor has it caused
any perceptible increase in the general demand for
money. If the Australian Railway loans are readily
subscribed to by our capitalists, and encouragement
is given to a variety of undertakings, home and
foreign, it is probable, however, that the supply of
money will be speedily reduced to an extent that
may operate adversely upon the terms of discount.
At the half-yearly meeting of the Blackwall
Railway Company, to-day, the report, recommend-
ing a dividend of 2s. 9d. a share for the six months,
was adopted. The net profit from which this divi-
dend was declared amounted to £15,177 Os. 10d.
Some discussion ensued as to the development of the
traffic and en other matters, to which the chairman,
Mr. Daniell, satisfactorily replied.
The market for the Funds opened with firmness,
but there has since been a supply of Stock, which
has caused a little flatness. Consols have been 961 a for
money, and 96 for account. They are now 96,i l
and 96i respectively. An occasional movement Of
this kind must be anticipated, owing to sales in reali-
sation of profits, hut at the present moment, although
prices are per cent. lower, the tone of;the market
is strong, and renewed purchases would, no doubt,
se-produce buoyancy.
The New 3 per Cents. are steady at =a, and
the Reduced Annuities 97-j,- to 97a Long Annuities,
18i. The March Exchequer Bills are marked 325.;
June ditto, 225. to 255. ; India Stock, 217 to 219 ;
ditto Loan Debentures, 981 4 ; and the Bonds 155.,
being rather flatter.
In the Foreign Stock Market business is quiet and
prices are steady. Turkish 6 per Cents. are 961 97;
ditto 4 per Cents., 104- ; Brazilian Scrip, ; Buenos
Ayres -6 per Cents., 78 ; Mexican 3 per Cents., 21a;
and Spanish New Deferred, 27-a.
Red Sea Telegraph Shares are premium, and
Atlantic ditto are 830 to 880.
A moderate business has been done in the Railway
Share Market, and prices have shown a further
slight improvement. Eastern Counties and Noah-
Western improved ss. ; Caledonian, Great Northern,
South-Western, and Manchester, Sheffield, and Lin-
coln, 10s. The Foreign and Colonial lines are in-
active. Paris and Lyons improved ss. ; Southern of
France ss. ; and Lombardo-Venetian ss. East Indian
declined ss. ; and Great Western of Canada improved
ss. Grand Trunk of Canada Debentures declined 10s.
Joint-Stock Bank and Miscellaneous Shares have
been dealt in to a limited extent, and prices have
exhibited little alteration. London and County de-
clined 55., and Western Bank of Lo dory improved
10s. Peninsular and Oriental Steam declined 105.,
and Royal Mail Steam 103.
Consols for money, 96i ; ditto for account,