The Sun.
London, England, 1858-09-21 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

A limited amount of business has been transacted
during the last few days in the markets for Foreign
and Colonial produce. Holders of most of the
principal staples demand high rates, and this has
in a great measure checked business. Tea has
been steady, at about former prices; but the trade
have deferred their operations owing to the large
quantity to be offered to public competition this
day. Sugars, of the better descriptions, have been
exceedingly firm, late rates being fully maintained ;
but in the Refined Market there has been very little
business. Coffee has fully maintained its value,
more particularly the better qualities of Plantation
Ceylon. A considerable quantity of new fruit has
come to hand, and the quality being good there
has ; been active competition, prices gene-
rally being fully supported. Saltpetre has
been in steady demand at late values, and
tallow has exhibited rather more firmness. Spe-
culation, however, is not very active, and for im-
mediate delivery and for forward periods there has
been a moderate business done at slightly improved
quotations.

Letters from Liverpool mention that the Cotton
Market yesterday closed firmly, at full quotations.
The sales were estimated at 10,000 bales. In the
Railway Share Market there was less animation,
and a slight decline in values took place.
As much as £300,000 in gold was taken into the
Bank vaults yesterday, consisting of remittances
from Russia and America, which are likely to be
followed by further immediate consignments, in
consequence of the present position of the ex-
changes. The bullion is now supposed to exceed
.£19,000,000, and many anticipate that the Executive
will be induced to modify their discount regulations
to such an extent as will enable them to compete
for a larger share of the business now transacted
in Lombard-street and among the joint-stock banks.
Their position, it is contended, will warrant them
in adopting that course, for there is nothing
to feer, from undue speculation. The public are
not disposed to embark in enterprises of an
uncertain character, for the truth is, there
are no surplus profits for them to employ
in that manner. All classes of the commercial
community must feel the severe effects of the pro-
tracted inactivity and depression, besides the injury
sustained through losses arising from failures. It
is only at periods of mercantile prosperity that
there is an active demand for securities or intest-
ments, and this will account for the existing
quietude at the Stock Exchange, in spite of
the abundance of money and the low rates of dis_
count. In considering the condition of the money
market it must be remembered that the existing
plethora results from commercial adversity, and it
is nominally cheap, because little employment can
be found for it in legitimate channels.
Since the opening of the market, when symptoms
of weakness were visible, the English Funds have
become firmer, and renewed buoyancy is apparent.
Consols are quoted 971 7, for transfer and 977, for the
account. The influx of gold, the easiness of money,
and the possibility of a reduced minimum are among
the influences which are giving so much support to
this market. The March Exchequer Bills, 355. to
38s. prem. ; and June ditto, 255. prem. The Bonds
are firm, at 1001 ; India Loan Debentures, 987 N ;
ditto (second issue), 981 ; and ditto Scrip (second
issue), 981.

In the Foreign Stock Market a fair amount of
business has been recorded. Turkish 6 per Cents.
are 96 Q ; ditto New Scrip 1 to 8 dis. ; ditto 4 per
Cents., 1041 ; Chilian 6 per Cents., 106; Mexican
3 per Cents., 213 22; Peruvian 41 per Cents., 921
93 ; ditto 3 per Cents., 721 73 ; Portuguese 3 per
Cents.; 461 ; Russian 41 per Cents., 1001 ; Sar-
dinian 5 per Cents., 93 ; Spanish 3 per Cents., 46 ;
Venezuela 5 per Cents., 401 ; Belgian 41 per Cents.,
1001; and Dutch 21 per Cents., 661.
There has been rather more activity displayed
in the Railway Share Market, and, in most
instances, prices have improved about 4 to 1 per
Cent. Caledonians, North Westerns and Midlands
advanced 15s. Great Western, Manchester, Shef-
field and Lincoln, and North British ss. Eastern
Counties, and South-Western declined 10s., and
Great Northern and North-Eastern (Berwick) ss.

The Foreign and Colonial lines have been in
very moderate request. Grand Trunk of Canada
improved£l; East Indian, ss. ; and Geelong and
Melbourne, ss.

Joint Stock Bank and Miscellaneous Shares shoe•
very little variation from previous rates. Bank of
Australasia declined 10s. ; London and County have
improved ss. ; Ottoman Bank, ss. ; and Union of
London, 10s. In the Miscellaneous Share Market
Royal Mail Steam improved 10s.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK .
3 per Cent. Consols Annuities
India Stock
Ditto Debentures
Ditto,ditto, 2d Issue
Ditto Scrip 9Bl
Qonsols for Account

Maid'

June.
25

Exchequer Bills, £l,OOO, 2d. &lid 38 5
Ditto X5OO,
Ditto Small, lid.
Ditto Bonds, 1858, 31 per Cent ..... ... •
Ditto, 18,591001 f
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Austrian Bonds, 5 per Cent 9s}
Brazilian, 5 per Cent. —
Ditto 1858, 0 per Cent. 961 7 6f
Milian, 6 per Cent lO6
Mexican 3 per Cent. —

Ditto Ac-count
Peruvian, 41 per Cent.
Ditto Account
Ditto 3 per Cent. 73 21
Portuguese, 1853, 3 per Cent.
Ditto Account
Russian, 1822, £ St., 5 per Cent —
Ditto 4/ per Cent.
Sardinian, 5 per Cent. 93
Spanish 3 per Cent. 46
Turkish, 6 per Cent.
Ditto New Loan Scrip i d
Ditto Guaranteed, 4 per Cent.
Venezuela, 5 per Cent.
Ditto Account

Dividends on the above payable in London.
Belgian, 41 per Cent., Ex. 25f lOOl
batch Exchange, 12 Guil. 21 per Cent 66i
Ditto Account
TWO O'CLOCK.
. 97f 1
. 971 1

Consols, Money
Ditto Account

SALISBURY CATHEDRAL.—Thursday, Sept. 30,
is the 500th anniversary of the dedication of this noble pile,
whickwas completed during the prelacy of Bishop Brid-
p_ort, twe years after his accession to the see. In " Brown's
Handbook to Salisbury Cathedral" we find the following :
"At length, on Sept. 30, 12,58, Boniface, Archbishop of
Canterbury, presided at the solemn dedication of the stately
pile in the presence of the King and Queen and a large
assemblage of prelates, nobles, and the neighbouring
families. The Cathedral of Salisbury was completed in
thirtrreight years, at an expense of 40,000 marks."—Salis-
bury Journal.
A MILITARY POLTROON.—On Tuesday morning
last a man's thumb, cutoff at the second joint, was brought
to the police-office, which was stated to have been found at
the West Back-o'-th'-square. On further inquiry it was
found that a private in the 2d battalion of the 24th Regiment
Was in the regimental hospital, and had made a vague state-
meat as to being attacked by four or five men, who, while
assaulting him, cut his thumb off; and that the alleged
assault did not take place in the " Back-o'-th'-square,' as
stated; but in a field near the reservoir. Police-sergeant
Robinson went to the spot, but was unable to discover any
traces of a scuffle or of blood ; and a man who was working
in the field from 5 to 6 o'clock on the night in question
stated that he did not see a soldier or any man pass that way
during.that time ; neither was there any trace of a person
Passing the watercourse which the soldier stated the men
Went over. Sergeant Robinson then made particular in-
quiries as to where the thumb bad been found, and the per-
son who found it directed him to the rails above the goods
station of the Lancashire and Yorkshire station, where the
top of one of the stumps was stained with blood, and there
Was a sign of blood on the ground. A brick lying near sug-
gested the probability that the soldier, whose name is
William Lewis, and who has only joined the regiment a
fortnight, had done the act himself to incapacitate himself
from further service. This was no doubt the case as he has
just received his XS bounty. We understand that he will be
tried by court-martial.—Glasgow
BURNS' CENTENARY.—A few weeks ago, one of
our citizens mentioned to several friends that he was about
to communicate with Lord Eglinton regarding a grand de-
monstration in Glasgow on the approaching centenary of
Burns' birthday, and suggested that a provisional commit-
tee stfoldd be formed to organise further proceedings. The
suggestion being warmly received, a committee was ap-
Pointed • and at its second meeting the following letter from
the Earl' of Eglintoun was read :--" Dublin, Aug. 26, 1858.
will give me great pleasure, as it has always
hitherto done to co-operate in any scheme which has for its
object the exhibition of respect for the methory of Burns on
the part of his fellow countrymen. and I cordially approve
of the suggestion that there should be a festival in Glasgow
in celebration of the centenary of his birthday, and that a
subscription should be entered into for the purpose of erect-
ing a monument to him in that city. As it appears almost
impossible that I should be able to attend the festival, my
Uarue appearing among the list of stewards would be an
empty •compliment, but I shall be most happy to join in the
Centenary if it is entered into.—l have the honour to be,
hour Obedient servant, EGLINTON and WINTON.—C. R.
rown, Esq."—Glasgow Daily Mail.