The Sun.
London, England, 1858-07-06 00:00:00

IVT 0 PIT
44 WI"
.1111.

Ai D
COMIEEROTAL liiIELLIGELIOZ

CITY, Two O'CLOCK.
The transactions in the Foreign and Colonial
Produce Markets during the past few days have
leen iinimeertrinf, and
Molted hata.e. alteration. Tea has been inactive,
the trade having shown an unwillingness to
operate. Considerable quantities are announced
for public sale during the week. For the better
qualities of sugar there is a fair inquiry,
and late quotations have been sustained,
inferior qualities, however may be quoted
rather cheaper. Coffee has met a moderate
inquiry, and prices of both Plantation and
Native Ceylon have been fully sustained.
For rice there has been an active demand
both for home use and for exportation, and aslight
advance has taken place in the value of the better
qualities. Saltpetre continues steady, and rum,
fruits, and spices have been moderately dealt in at
about former rates. The public saes of foreign
and colonial wcol are announced for the 15th inst.,
when about 70,000 bales will be offered for public
competition, consisting chiefly of Sydney and Port
Philip wool.
Tallow has been flat; P.Y.C. on the spot has
declined to 505., and last three months, 493. Gd. to
493. 9d. per cwt.
The Liverpool Cotton Market yesterday exhibited
a very firm appearance, and prices of all descrip-
tions were fully supported. The sales amounted
to 12,000 bales, 2,000 of which were taken by the
speculators, and 1,000 by the exporters. In Rail:-
way Shares a fair amount of business was trans-
acted, and values slightly improved.
A further dividend or 2s. Gd., making, with the
former payment, 7s. Gd. in the pound, has been
announced to the creditors of Messrs. Sanderson,
Sanderaan, and Co., bill discounters, who auccumbed
during the crisis. The liquidators of the affairs of
Messrs. Maitland, Ewing, and Co., have also inti-
mated that they are in a position to divide 6s. Bd.
in the pound, which will be the first distribution
under their estate. Some other 'similar pay-
bouts are expected era long, the realisation of the
assets of several of those who unfortunately sus-
pended at the same time making favourable pro-
gress. Although failures are still occasionally
reported, there can be no doubt that trade,
quiet though it may appear, is getting
healthier, and as the first half-year is over,
and the long dated bills negotiated at its com-
mencement have been satisfactorily met, it is
believed that during the next fe w months a marked
improvement will take place.

,

The applications for money in Lombard-street
and elsewhere were still sufficient to impart activity
to the general discount market. No further altera-
tion has taken place iu the rates, which, however,
must be considered easy, but the tendency is up-
ward, and the supply of capital is much less
abundant than it was a few weeks since. During
the payment of the dividends which commenced on
Thursday, however, there may be increased
easiness.

There were no withdrawals of gold from the
Bank of England yesterday, but the movement, it
is presumed, has not yet ceased.
The transactions in the silver market have be-
come limited, and the quotations remain steady.
A meeting of the East Anglian Shateholders is
being now held, to ascertain the propriety of ap-
pealing against the decision of the Vice-Chancellor
lately given against the company, in the case of
Messrs. Goodwin and others. .

There is a decidedly better feeling in the English
Stock Market to day. An increased business has
been done, and a rise in prices has occurred
In most descriptions of stocks and shares.
The effect of the liquidation now in pro-
gress seems favourable. Consols are about
95k, buyers, for the Bth instant, and 951 M for ac-
count. The New 3 per Cents. and the Reduced
are about 951 ; Exchequer Bills, 31s. to 345. pm. ;
India Bonds, 16s. pm. ; India Loan Debentures,
991; and Long Annuities, 11. Think Stock is
22% 222.

Foreign Securities aro extremely active, and
prices have advanced. Turkish G per Cents. are
95ii; ditto 4 per Cents., 104} ; Spanish 3 per
Cents., 44 ; Russian 5 per Cents., 1121; ; Sar-
dinian 5 per Cents., 88 S9l ; Brazilian 41 per
Cents., ; ditto Scrip, I,:j 11 discount ; Buenos
Ayres 6 per Cents., 83 ; Grenada New Active,
211 ; Mexican 3 per Cents., 20 ; Peruvian 4fr
per Cents., 89i 90 ; ditto 3 per Cents., G9l 70 ;
ditto Dollar Bonds, 68i 70 ; Poituguese 3 per
Cents., 45 ; Dutch 2 per Cents. 65Lk ; and ditto
4 per Cents., 100 i.

In the Railway Share Market this morning the`
transactions have been rather numerous, and prices
generally have improved to some extent. Great
Northern have advanced 10s. ; Eastern Counties,
Great Western, Lancashire and Yorkshire, North
Western, South Western, and South-EAstern, 1/. ;
and Caledonian and North British, 1/. 10s. The
Foreign and Colonial undertakings are at slightly
improved quotations. Northern of France have
advanced it. ; and Great Western of Canada and
Grand Trunk of Canada, 10s.
For Joint Stock Bank and Miscellaneous Shares
there has been a very limited inquiry. Bulk of
Egypt have improved about ss. ; London and
Westminster, 58.; National Diicount Company, ss. ;
and Van Dieman's Land Company, 10s.

BRITISH FUNDS TFIIS DAY AT ONE o'ol OCK.
(From the Waal L'..st:)
Bat.k Stock
95.1 j
Three per Cent. Reduced Annuities
951 4 x d
..,,I. , ,L. ..,,,,,,,ott Annuities
;-1
New Three per Cent. Annuities
Lon; Annuities, expire sth Jan. 1860
India Loan Debentures
Ditto Bonds, £lOOO . —
Ditt., under 1.3000 l6
Consols for account
Exchequer Bills— March. Jane.
£'1000.,,
£5OO - 1 17 21.
Small
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK
Brazilian 5 per' Cent ---
Ditto 1852, 4.11 per Cent.
Ditto Scrip, 1853 ...
Buenos Ayres Bonds, 6 per Cent. —
Ditto Account
Grenada New Active, 21 per Cent 2l t
Ditto Account
Peruvian Bonds, 4: per Cent ---
Ditto Account
Ditto 3 per Cent
Ditto Account 69i 70
Portuguese 3 per Cent., 1.5_;53
Russian, 1822, £ St., 5 per Cent 112V12
Sardinian 5 per Cent -..1)1
Ditto Account BBi 91Spanish liouds, 3 per vent.
Dktto Account 44
Ditto New Deferred, 3 per Cent.
Ditto Account ....
T urkieb Bonds, 6 per Cent.
Ditto, Account
titto Guaranteed 4 per Cent.
Ditto Account,
Dividena, oil the .:hove payable in LonTion.
Dutch Exet,ang„, 24, per Cent., 12 Guilders 653
Do. 4 oar Cent. Certificates
Peruvian Dollar Bonds,4. per Cent. 6B 70
- TWO O'CLO( K.
fsi x d—buyers.
................ 1)54 g

t Consols for account
August account

THE BAHIA RAILWAY.—The Tamar, which has just
arrived home with the Brazil mail, took out on her out-
ward passage a number of railway officials connected
with the Bahia railway.
It is said that explanations have been demanded of the
Viceroy of Egypt with reference to the loan which he is
abort to negotiate with an Ellen house. The rea9,,r,
alleged for these explanations is that the PaAa, in order
to give a guarantee for the repayment of the loan, con-
sent,, in fact, to an alienation of territory.
THE WHIGS AND THE. INCOME TAX,—Mr.NVIIFO9, of
the Economist, late secretary to the Treasury, and M.P.
for Devonport, is veneral.ly considered to have found
brains for Lord PalroPrston's Government on financial
matter. From Mr. Wllon's speech on Monday last, it
is evident the Whigs had reel& ved to fix in perpetuity the
income tax on the people of England. Mr. Wilson said,
"The beet informed and reflecting people out of doors
Were in favour of maintaining the income tax, and the
• Chancellor of the Exchequer might easily have main-
tained the :2d. in the pound which he had abandoned."
From this it ie quite clear that if Lord Palmergton's
Government had continued in (Alice we should have now
been I),,Yir,g 7d. in the pound income tax, instead of 'sd.
in the pound ; and if the income tax is to be abolished
in 18d0, it will he done by a Conservative Government.
There is no hope from the Whigs. On Lord Palmer-
stou's banner ought to be inscribed—" War, Reckless
ExpenditurP, and Jobbing,"—Coventry Standard.