The Sun.
London, England, 1858-05-04 00:00:00

MONEY EIARKET

AN D

COM:cIL.9,CIAL INTP.LTJGENCE.

CITY, Two o'CLocK.

There has been a fair amount of business trans-
ac!ed during the last few days in the Foreign and
Colonial Produce Markels, and most of the prin-
cipal staples have been held for full rates. Tea
has been rather quiet, purchasers awaiting the re-
sult of the public sales which commence to-day.
In the better descriptions of sugar suitable for
home consumption a rather large business has been
done, and in most instances the rates realised
were fully equal to those current last week. For
coffee there was a moderate enquiry. Plantation
C:-ylon brought previous prices, but other descrip-
tions were at slightly reduced values. In rice only a
limited business has been d )ne, and prices have ex-
' hibited no change of importance. Saltpetre met a
fair enquiry at about former rrtes, but tallow has
been dull. P.Y.C. on the spot is quoted 545. 9d.,
for Juno delivery 543., and for last three months
51s. 3d. to 515.. 6d. per cwt.
Accounts from Liverpool mention that the
cotton-market yesterday manifested a very firm
appearance and prices continue to improve. The
sales were estimated at from 10,000 to 12,000 bales,
1,000 of which were taken by the speculators, and
1,000 by the exporters. In the Railway Share
Market a fair amount of business was transacted, at
fully former values.

Although there is certainly some increase in the
demand for discount acc)mmodation, the applica-
tions are less numerous than might have been ex-
pected from the large amount of paper due to-
day, the 4th of the month, and the approaching
payment of the call on the Indian Loan.
Provision seems to have been made in due
time, and thus at the last moment there is
no pressure. The terms are stia below the Bank
minimum, and the supply of capital is abundant.
About 82,0001. in gold was taken from the Bank
of England yesterday. These movements are
attracting notice at the Stock Exchange. and no
doubt assist in restraining the up ward tendency of
values.

The advices just received from-Australia notice
a falling off in the yield of gold, notwithstanding
the adoption of scientific appliances. Heavy rain 4,

it should be stated, however, had impeded opera-
tions, and the season had been much less
favourable than that of 1857. A compari-
son, therefore, shows a reduction in tho 7iold. Now
discoieries were being made, and the temporary
deficiency does not warrant the presumption that
there will be a permanent decline in the produc-
tion of the precious metals. Trade in Melbourne
remained very dull, but the up-country business
exhibited some symptoms of improvement.
At the meeting of the Virginian Mining Com-
pany to-day Mr. Hopgood was elected a director
of the company.
The meeting of the Liberty Mining Company
was also held to-day, but was not properly consti-
tuted for business at the hour appointed.
The market for English Securities is rather
buoyant and the transactions, which were limited
in the morning, have since increased. The pre-
parations for the settlement are now in progress
and the market, consequently, will be chiefly in-
fluenecd by the necessary arrangements. The
withdrawals of gold from the Bank have
not pad much effect, because it is not
expected that they will continue. Consols for
money have been 971 and 97i 1. They are now
97i 1, and about 97i for the June account. India
Loan Debentures are 100.1 I. The New Three per
Cents. are 96 to 961, and also the Reduced An-
nuities. Exchequer Bills are firmer, those dated
March being 40s. premium. The Bonds are 1001
101. Bank Stock is 2211 223, and India do., 2221.
Business in the Foreign Stock Market has not
been very active, and prices are rather firmer.
Turkish 6 per Cents. are at 98 99 ; and the
4 per Cents. nominal ; Russian 5 per Cents. are
1121 ; ditto 4h per Cents. 101 1021 ; Sardinian
5 per Cen+s., 94 • Spanish Passive, ; Buenos
Ayres Deferred, I_Bl- ; Venezuela 41 per Cents.,
361 ; ditto Deferred, 14. ; Dutch 21 per Cents.,
661 •, and ditto 4 per Cents, 991 100.
The following are the nominal prices of Foreign
Stocks : Grenada Deferred Bonds, 51 6 ; Mexi-
can 3 per Cents., 201 ; Peruvian 41 per Cents.,
82 84 ; ditto 3 per Cents., 57 59 ; Portuguese 3
per Cents., 451- 46i ; Russian 5 per Cents., 110
112 ; ditto 41 per Cents., 101 103 ; Spanish 3 per
Cents., 44i ; ditto New Deferred, 26i 27.
A very limited business has been transacted to-
day iu the Railway Share Market, but most of the
leading lines show an improvement in prices of
about Ito per cent. South-Western, North-
Eastern, York, and South Wales have advanced
ss. Caledonian, Eastern Counties, Great Western,
North-Western, and North-Eastern (Berwick),
10s., Lancashire and Yorkshire, and Midland
155., and Scottish Midland 1/. The Foreign and
Colonial lines were inactive, and the few dealings
reported show little variation from previously cur-
rent rates. Sambre and Meuse declined about ss.
and Est Indian improved 10s. Great Western of
Canada, Great Indian Peninsula, and Geelong and
Melbourne were at form r quotations.
Joint-Stock Bank and Miscellaneous Shares are
at steady rates. English, Scottish, and Australian
Chartered have declined } ; London an.,l West-
minster advanced 1. Eastern Steam receded 55.,
and Peninsular and Oriental Steam about 10s.

BR!'! ISR FUNDS.—CLOSING PRICES—THIS DAY.
( 4roln the Official List:)
Bank Stock
3 ..:tr cent. Reduced Annuities 9e-4 I 6
3 Jar Cent colio,,lii Annuities 97i A i ,
N,.v
41
i per Cent. q
..1,,1P a
Long Annuities (Exp. sth Jan., 1860) l3
Ditto 30 Years, expire sth Jan., 1860 li 17-16
Ditto 30 Yeats, ex p ire sth April , 4.685 lB 5-16 4 a
I die Stock
,• 222
...................................
India Loan Debentures lOO4
Ditto Scrip
....
lilio Bonds, £lOOO
,itt., au...ter now , lB p
Consols for Account ...
Er, tie,lntx ~1L). ~ ~,d
• March. June.
.u:;c; ..,. 4O I 37
3 '1;
.....: :"' •^* .
Exchequer i;.n.niis.; 1f45;.2i poi: Cent—.
D tto, 1369
PRICES OP FOl-tEION FUND?,—THIS DAY.
nenns ~yr.,a Romis, f; per Cont. —
Ditto Dcrerrod 3 pr Cent
l'queilorNew Coasolidated 144
Peruvian Bonds, 41 per Ceut . __
Otto Account
Ditto Account .
ecrtugueso Bonds, 3 per Cent., 1853 -
riit, A (I,lunt,
Ditto 1657, 3 per Cont. 47
Ilusoon Bonds, V 22., £ St., 5 pet 0,:ut.... 11P,
Ditto, 1.1 per Cent.
""''ll,zlau fori:is, :r, por o.•.nt. ....• •• -91 i 1
Smr,!,-13 Bonds, 3 per Cent.
Ditto. Passive 7
Lirkisti :nods, 6 wir cent
..,
Veueznela Bonds, 4i per Cent
Ditto Deferred, 2 per Ceut. . . • 143 15d
Dividend., ea the ,Above payable is L6n,10.,
Vuteli Exe;.alt4,, 2i per Con';., 12 Guilders ti 6 6
Do. 4 riP.r cent. Certificates
Peruvian Dollar Bonds, CI par Cent. 571
I tIABB O'CLOCK.
4. d
Console, money... . 97 3
Console account (May 6)