The Sun.
London, England, 1858-01-29 00:00:00

COMIVIERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

During the last few days there has been less
activity exhibited in the Foreign and Colonial Pro-
duce Markets, and lower rates have been in most
instances current. Sugar of good grocery quali-
ties, suitable for home consumption, barely main-
tained its value, and the inferior kinds receded
fully Is. to ls. 6d. per cwt., compared with Tues-
day's rates. In the requed market there has been
verylittle business doing, and quotations are lower.
Coffee has been in fair demand, but only fine
qualities of Plantation Ceylon realised former
values. Cocoa continues extremely depressed, but
tea has been firm. For rice there has been a good
demand, particularly for the cleaned sorts suitable
for home use, and rather higher rates have in seve-
ral instances been realised. In spices there was a
moderate business transacted, but little change can
be reported in prices. Fruit remained steady, and
the demand for currants for export has slightly
increased. In raisins the transactions were
limited. Saltpetre ruled very dull, and a decline of
about Is. per cwt. may be quoted on most qualities.
For tallow there has been a limited enquiry, but a
alight improvement has taken place for forward
delivery. P.Y. C. on the spot is quoted 538. 9d.,
and for March delivery, 535. 9d. ; the last three
months are 51s. 6d. to 51s. 9d. per cwt.

The Liverpool Cotton Market yesterday closed
with a steady appearance, and prices of all descrip-
tions were fully maintained. The sales amounted
to 6,000 bales, 500 of which were taken by the
speculators and 500 by the exporters. In the
Railway Share Market very little business was
transacted, and quotations were unaltered.

The East India Company have guaranteed 5 per
cent. on 1,500,0001. of capital for the construction
of the Punjaub Railway from Mooltan to Lahore
and Umritsur. The present capital subscribed for
the Punjaub Railway being 2,500,0001., the holders
of scrip will receive three shares in the guaran-
teed capital for every five which they now hold.
The reduction made by the Banks and Discount
firms in the interest allowed for deposits, will no
doubt induce many persons having money lodged
with them to withdraw it for investment in the
funds, and other securities. This will be a relief
to the establishments referred to, since they have
a much larger supply than they can satisfactorily►
employ. Business being so depressed, good com-
mercial bills are scarce, and monetary transactions
of all kinds are much curtailed. Until there is a
general recovery, money will continue easy, and a
further reduction of the minimum may be shortly
expected.

About 23,0001. in gold was sent into the Bank
yesterday.
At the meeting of the creditors of Messrs. W.
Dray and Co., now being held, the subject of
accepting Bs. 6d. in the pound secured, or 10s. un-
secured, is being considered.

Increased firmness has been experienced in the
Market for English Securities, and a moderate
business is transacted at a slight advance. The
anticipation of a favourable Bank return gives
Some support to the quotations. Consols are
about 951- t, for money, and the 4th proximo,
95 5-16 7-16 for March. The New 3 per Cents.
are 958 and the Reduced 951 f. Bank Stock is
2254 226, and India ditto 2215. Exchequer Bills
are 235. prem., the Bonds 1004, and India ditto
14s. to 19s. prem.
In the Foreign Stock Market a limited business
bas been transacted, and prices tend downwards.
Turkish 6 per Cents. are 984 99, and the 4 per
Cents. nominal. Brazilian 5 per Cents. have
declined to 102 ; ditto 41 per Cents. are steady,
being 984 ; Chilian 3 per Cents., 72 ; Mexican
3 per Cents. are lower, being 20& ; Peruvian 45
per Cents. are 781 ; Russian 45 per Cents., 100 ;
and Sardinian 5 per Cents. 891.
The following are the nominal prices of Foreign
Stocks :—Greuada Deferred Bonds, 516; Mexican,
204 ; Peruvian 45 per Cents., 78 80 ; Ditto 3
per Cents., —; Portuguese 3 per Cents.,
44 45 ; Russian 5 per Cents., 109 111 ; Ditto 45
per Cents., 98 100 ; Spanish 3 per Cents., 41f 2i;
ditto New Deferred, 254 4.
Messrs. D. Bell, Son, and Co., give the follow-
ing as the prices of American Securities :

GOVERNMENT SECURITIES.
Redeemable. Per Cent.
United States 6 per Cents. 1867-1868_102 104
United States 6 per Cent. Bonds 1868...102 104
STATE SECURITIES.
Alabama 5 per Cent
Maryland 5 per Cent. (Sterling Bonds)
Massachusetts 5 per Cent. (Sterl. Bonds)
Mississippi 6 per Cent. Pl. Bk
a Bonds
Mississippi 5 per Cent. Union Bk Bonds ... 20 2,
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds .1877... 80i 81i
Tennessee 6 per Cent. Bonds
Virginia 6 per Cent. Bonds 1886... 81 83
Virginia 5 per Cent. (Sterling Bonds) _lBBB_ 81 83
LOANS OF CITIES.
Boston 4. per Cent. Bonds 1883... 83 '9O
Montreal 6 per Cent. Bonds 1856-1865...
New Orleans 6 per Cent. Stock 1883._
RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 82 84
Illinois Central 6 per Cent 1875... 82 84
Illinois Central 7 per Cent. Freeland
Bonds 1860... 84 86
Illinois Central (Shares), $3O paid ... 5 d 3 d
Michigan Central Bp. Cent., Convert 1860... --
Do. do. do. 3869... 87 89
New York Central 7p. Cent., Convert 1864... 91. 93
New York Central 6 per Cent., not
Convertible 1883... 83 85
New York and Erie 7 per Cent. 3d Mort-
gage 1883... 73 75
N. York and Erie 7p. Cent. Convertible 1862... 40 42
N. York and Erie 7 per Cent. Sinking
Fund 1875... 45 tO
Panama 7 per Cent., Ist Mortgage 1865...
rennsylvania Central 6p. Cent., Ist M0rt.1880... 86 8
There has been a very moderate business trans
acted this morning in the Railway Share Market,
and prices have in most instances exhibited a
downward tendency. Great Western declined 10s.
to 15s. ; North-Western, Lancashire and York-
shire, Midland and South Wales, 10s. ; and North-
Eastern (Berwick), ss. ; Caledonians improved about
10s. to 15s. In the Foreign lines prices were almost
nominal, and the Colonial undertakings exhibited
little variation.
Mining, Banking, and Miscellaneous Shares have
been very inactive. Union of Australia declined
oe. to lOs ; and Royal Mail Steam improved 2/. ;
Electric Telegraph and Rhymny Iron brought
former rates.

... 78 -
... 88 00
...102 102

BRITISH FUNDS.—CLOSING PRICES—THIS DAY.
(from the Official List:)
Business done.
Sunk Stock
8 per Cent. Reduced Allocates
95h 95ii § ii i i
3 per Cont. Consols A.nnettles 0 i 5 I
New 3 per Cent. Annuities 9si i i
Loo Annuities, expire sth Jan. 1860 2 1-16
Ditto 30 Years, expire sth April, 1885 lB}
India Stock
India Bonds, 4:101,0
'Mt°, under £lOOO l4 18 19 p
Onsols ter Acconnt
Ex.:twiner Hills, 21r•
£l000.
*-'5OO „,„ 22 21 p
S l‘li
Exchequer Bonds, 185 R, 3A per Cent look
PRICES OF FOREIGN FUNDS—THIS DAY.
Brannan 5 per Cent, ~
102
Ditto 1852, 41 per Cent.
Do., 1829 and 1839, 5 per Cent .
Buenos A yres Bonds, 6 per Cent.
Ditto Account
971
oail i a n Bonds, 6 per Cent.
Ditto 3 per Cent . ....................... 72
Guatemala Bonds, 5 per cent 55
Mexican .i per Cent 2Ol
Peruvian Bonds, 41 per Cent
I.) tto Account . 7Bl
Russian Bonds, 1822, £ St., 5 per Cent.... 110 A
Ditto, 4A per Cone
ardinian i10n.5.5., 5 per Cant.
Ditto Account ..
Torkw, .r.nde f 3 per cent .
Ditto Account 99 81
pato Guaranteed. per Cent.
Venezuela. Bonds, 41, per Cent
L- Dividends on the above parable in London.
Dutch' r'x'`'lang(;, 24. per Ceni,., 12 Guilders
.Do. 4 pfr Cont. Certificates
Consols !itlitEß O'CLOCK.
, mone y ....
Litto account (February 4)

ECCLESIASTICAL PREFERMENT.—The Lord Bidbop of
London has presented the late Dr. Goolburn, late head
toaster of Rugby School, and now minister of Quebec
Chapel, to the prebendal stall in St. Paul's Cathedral,
vacated by the resignation of the Rev. R. Harvey, canon
0. Glouceter.

LAW INTELLIGENCE.—(This Day.)

COURT OF CHANCERY.
(Before Vice-Chancellor Sir W. Page Wood.)
IN RE PINKERTON'S TRUSTS.

The point of contention in this case was—whether the
divise to the legatees under the testators will was abso-
lute, or in trust only.
His Honour the Vice-Chancellor was of opinion that
the divise was an absolute gift to the legatees and not
subject to the purposes of the trust—but his Honour
desired to see the original will, as objections were suede
to the office copy, and directed the officer at Doctors'
Commons to attend this Court on Monday, and produce
the will for the purpose of examination.

ROLLS' COURT.
(Before the Master of the Rolle.)
GOODWIN V. FINLATISON.

At the sitting of the Court this morning his Honour
the Master of the Rolls delivered judgment in this cause.
The point of contention arose under the construction of
the will of the late Samuel Bearcroft, in the devise of his
property in Farringdon-street and Portman-square to
his son and two daughters. The question was whether
the nephews and nieces of the testator were entitled to
the accruing shares of the testator's property on the
decease of his son and daughters, their parents.
His Honour the Master of the Rolls was of opinion
that the nephews and nieces of the testator were only
entitled to the original shares devised to their parents,
and that they were not entitled to the acoruing shares of
the testator's property, that the accruing shares must
be held as the residue of the testator's property after
payment of the mortgages on his property. Costs to be
paid out of the estate.