The Sun.
London, England, 1858-06-14 00:00:00

MONEY MARKET

AID D

COMMERCIAL INTRUIGENCE.

CITY, Two o'CLocx.
The advices received this morning from most of
the manufacturing districts state that very little
alteration has taken place in the general state of
trade. At Birmingham the iron trade has been
very quiet, the recent sales of insolvents' stocks
having produced a depreciatory effect upon prices.
The fancy trades of the district are very quiet.
Al Manchester the market has been languid,
°id the tendency of prices has been in buy-
era' favour ; business in yarns has been very
!Net, and the aggregate operations of the week
in Most departments have been inconsiderable. At
Bradford the demand for piece goods had been
extremely limited. A few German houses had
Purchased to a moderate extent, but not on a suffi
'lent scale to influence the market. In the Woollen
Cloth trade at Leeds there is littleTalteration to
report ; the manufacturers are moderately em-
ployed, and some inquiries had been made for
goods suitable for the autumn. The Hosiery
,trade of Leicester continues dull, and the
wool market inactive. At Nottingham the Lace
trade has shown a slight improvement, and
Purobases to some extent have been made for the
American markets. The hardware trades of Shef-
held and Wolverhampton have been very quiet.
4t Walsall rather more businesa was doing in the
?in and japan trades, but there is no change of
importance.
Letters from Liverpool report that the Cotton
tarket on Saturday closed steadily, and prices of
all descriptions were unaltered. The sales were
estimated 7,800 bales, 1,500 of which were taken by
the speculators, and 500 by the exporters. The
itailway Share Market presented a quiet appear-
ahce, and only a limited business was transacted,
at former quotations.
A decided increase has taken place in the general
demand for discount accommodation, and the cur-
rent terms in the open market have slightly ad-
tanced. The requirements of trade are larger, and
a considerab!e amount of capital has been also
absorbed for loan and other purposes ; it is now ex-
l'ected that the inquiry will expand, and the result,
in that case, would be a further rise in the rate of
discount. Money can still be obtained at 21 per
4, ht., and the supply is liberal, but the tendency
lees favourable than it has been for some months
rst. There is no probability of any pressure being
elt this year, because the improvement in com-
erce must be very gradual, and speculation being
inactive, a comparatively small supply of capital
Will suffice for that purpose.
A large influx of specie has been announced to-
-47, viz.,67,591/. by the Tyne, from the Brazils,
11e745/. by the Alhambra, from Gibraltar, 22,6001.
by the Niagara, from the United States, and
157,200/. by the Atrato, from the West Indies.
~ A special general meeting of the Eastern Conn-
s Railway Company has been held this day, when
the sanction of the proprietors was given by the
l
aid company, to abandon portion of the New-
market Railway, and also a railway to the River
Thames, at Galleons Roach ;!aLso for amalgamating
With. the East Suffolk, the Yarmouth and Had-
11.8coe, and the Lowestoft and Beccles Railway
°°lnpanies ; and thirdly, to enable the Waveney
Valley
Railway Company to alter their line
between Bungay and Beccles, and for other pur-
poses. The resolutions passed were necessary prior
t° the bills being introduced to the House of Lords.
The annual meeting of the Bank of Australasia
Was held to-day, when a favourable report was
read, showing a net profit for the year 1857 of
41,604/. 15s. 11d. The balance to the credit of
Profit and loss on the 12th October, 1857, was
193,3821. 13s. 4d. From this the April dividend
and bonus were declared for the current year,
amounting to 90,0001.; and the directors now de-
clared the ensuing dividend and bonus in October,
at the same rate of 20 per cent. per annum. It was
stated that the colony was progressing, and that
the,. effects of the late monetary crisis had been but
'tightly felt in Australia. A new feature in bank-
-Ing had been introduced—namely, the allowance
of interest to customers, which would affect the
Profits of the bank in future. The report was
adopted unanimously.
The market for English Stocks is in a most
tieacent state. There is scarcely anything doing,
ill
but,
the prices are nevertheless firmer, not only for
Consols but for most other descriptions of securi-
ties.
Consols have been 96 to 96k. The New
111-rees are 96 to 96k. The Reduced 96k 1. The
SLarch Exchequer Bills, 325. to 365. prem., and
the Bonds, 1001 101.
111 the Foreign Market there is an absence of
animation, and the quotations were stationary.
rrkish 6 per Cents. are 931 ; Do. 4 per Cents.,
; Sardinian, 90 ; Spanish 3 per Cents., 45k ;
and Brazilian Scrip, par to prem.
. There has been a moderate business done to-day
in the Railway Share Market, and prices have
ehghtly improved. Great Northern, North-East-
:lll (Berwick), advanced se. ; North-Western,
°eastern Counties, Caledonian, and Midland, 10s. ;
_and Great Western and South-Western 11. Edin-
burgh,h and Glasgow and South-Eastern declined ss.
The foreign and colonial lines were moderately
active. Lombardo-Venetian improved 10s., Namur
and Liege ss. ; Pernambuco declined 55., East In-
• receded 55., Grand Trunk of Canada 155., and
4E4 Indian Peninsula improved ss.
Mining Shares have been in fair request. Alfred
Consols realise' 101; Par Consols, 19i ; Wheal
Bassett, 251 ; Wheal Trelawney 24 ; and Bon
Accord Copper, 11.
I'or Joint-stock, Bank, and Miscellaneous shares
there was a limited demand. Colonial Bank im-
proved 10s., and London and Westminster ss.
London Chartered of Australasia declined Sc.
peninsular and Oriental Steam are steady at 81,
Canada Land at 125, and Crystal Palace Ig.

'II[TISH FUNDS.—CLOSING PRICES —THIS DAY.
(Prot the Ogieszl, Lists)
tank Stock
3'7? Cont. Roduced Annuities 96 i h
Lin 4 w 3 per Cent. Annuities
g Annuities (Exp. sth Jan., 1860) —
C bitto 30 Years, expire sth April, IoSS lB 5-16
oLac)s for Account ... OQ 6
l,t4hequar Bills, 20. March. June.
1:10G0 . ... 32 6 I
Exchequer Bonds, ,V. 58, 3t per Cent —
Ditto,lSs9

PRICES OF FOREIGN FUNDS—THIS DAY.
I:trot...min 5 per Cent.
Ditto 1858, 4i per Cent. Scrip.... Aip par
Guatemala Bonds, 5 per cent 55
Idexican 3 per Cent
l'artugnese Bonds, 3 per Cent., 1853
telan Bonds, 1t22, E. St., 5 per Cent ll2
an Bono.s, 5 per Cent.
„,Dknish Loads, 3 per Cent.
xoritibb Bonds, 6 per oent 9:ss
Ditto GuarPnteed, 4 per Cent.
Dividends on;the:above payable in London.
Consols account (July 8) 96 it- a d

THE LATE MAJOR-GENERAL PENNY.—Major-General
last
Penny, C. 8., whose death is confirmed by the
an telegram, succeeded to the command lately held by
General Wilson. eneral Wilson. He was an officer of great Indian an-
ftedents' and must have been nearly 66 years of age,
itlaarnuch as we find that he entered the Indian army as
Pailn in 1807. Ho served with distinction in the Ne-
and Mabralta wars under the Marquis of Hastings,
411„Et at Bhurtpore in 1825. He also held a command in
he Sutlej campaign, in which he played a distinguished
Part, more especially at A litval and Sobraon, where he
Was Wounded, and for which he received a medal and
b 4813, and his advancement to the Companionship of the
"h. He also served in the Sikh campaigns, was pre-
'eat at Chillianwallah and Goojerat, and was frequently
Mentioned in high terms of praise in the despatches of
that
late distinguished officer, Sir W. B. Gilbert, K.C.8.,
"nom he ably supported in the pursuit of the Afghans
Sikhs after the decisive battle of Chillianwallah.
During the last few years Major-General Penny bad
yeitted, c
the command of troops at Lahore, Sinsaugor, Seal-
pore, and other important posts.
t MAN EATEN BY MIS OWN PIGS, —An evening or
Ivo since Mr. Isaac Love, Bradford-on-Avon, marine
More dealer, left his home for the purpose of going to
4 garden, about a quarter of a mild distant, where he
;'4(l several styes of pigs. His wife, finding he did not
ser,tr3) went to the garden in search of him, and not
Ing him, further search was made, but to no effect.
iti the morning his son went to the garden, and on look-
'ig over one of the styes, containing nine small pigs,
served their noses were very bloody, which induced
I_llll to go into the house-part of the stye, when he will
horrified at seeing his father lying on his back quite
dead, with the whole of his face and part of his neck
ostuPletely eaten by the pig,. It is supposed that the de-
heed went into the stye' and while there bad a fit.
Was a stout man, in his 58th year.