The Sun.
London, England, 1858-09-14 00:00:00

M ONEY MARKET AND C

ITY NEWS.

CITY, Two O'CLOCK.
There has been a very moderate amount of busi-
ness transacted in the markets for Foreign and
Colonial Produce during the last few days. Tea
has been very quiet, and no change can be reported
in prices. The finer qualities of sugar have been
in moderate request at about former values ;
holders, however, are firm, and do not press sales.
In the lower qualities a rather large amount of busi-
ness has been done, chiefly for export. Coffee has
been in steady demand, and the finer qualities have
fully sustained previous rates. For rum there was
only a limited inquiry, and fruit sold readily at
full values, particularly some first arrivals of new
raisins and currants. Saltpetre has been rather
flat, and indigo in good demand, at an advance of
3d. to 4d. per lb. on the rates realised at the last
July sales. Tallow, owing to the rather large
arrivals of foreign, has slightly declined, P.Y.C.
on the spot being rather lower, and for forward
delivery a decline of about 6d. to ls. per cwt. has
taken place.
The Liverpool Cotton Market yesterday mani-
fested rather more animation, and prices of most
descriptions advanced. The sales were estimated
at 20,000 bales. The Railway Share Market was
rather flatter, and quotations were depressed.
The inquiry for money continues very steady,
but although the extension of trade is increasing
the supply of bills, they are readily negotiable at
rates still ranging as low as 24 and 21 per cent.
Very little business is transacted at the Bank ; and,
notwithstanding the advances made upon stock,
as usual during the shutting, it is not
expected that the other securities will show any
important increase. The bullion in the meantime
is rapidly augmenting, and £114,000 was taken
into the Bank yesterday. Considerable consign-
ments are due from Australia, which will no doubt
be similarly appropriated, because the export de-
mand, being limited, will only consume a small
proportion of these remittances.
There is scarcely any movement in the silver
market, owing to the limited shipments to the east.
Bars and Mexican dollars remain nominally at
about previous rates, but few transactions are re-
corded. The receipts from the continent are almost
suspended;` those brought by the West India
packet being sufficient to meet the requirements of
the bullion dealers.
Business of all descriptions appears exceedingly
quiet. At the Stock Exchange there is a complete
absence of all speculative excitement, and the set-
' tlement in the Foreign Stock and Railway Share
- Markets occupies the principal attention of the
members. Renewed attempts have been made to
depress Turkish Scrip, but without much suc-
cess, the decline being limited to 1 per cent.
The markets, consequently, present a very
tranquil appearance. In Mincing Lane the
transactions are chiefly confined to those neces-
sitated by the requirements of consumption, and
although a moderate business is recorded there are
no indications of renewed activity. Most of the
principal articles, however, are fully maintained.
In the English Funds to-day the variation has
not been extensive, but renewed buoyancy is appa-
rent and a further rise of 2 per cent. has taken
place. There is still an inclination to operate for a
rise, and the bona fide transactions are favourable,
upon balance. Consols have risen to 971
for money, and to 97.1 1 for the account.
India Loan Debentures are 98;1, a ; Ditto Scrip,
..gd issue, 984- 4 ; Ditto Bonds, 1 ls. to 14s. prem.
The March Exchequer Bills, 325. prem. ; June
ditto, 235, to 275. prem., :and the Bonds were dealt
in at 1004.
Foreign Securities are buoyant, and quotations
are rather higher. Turkish 6 per Cents. are 96: 4 ;
ditto .4 per Cents., 1041 ; Mexican 3 per Cents.,
21:1 ; Peruvian 41 per Cents. 91* 921 ; Brazilian s
44 per Cents., 961 ; ditto (1858), 96 1 ; Mexican
3 per Cents., 21: 4 ; Russian 41 per Cents., 1001;
Sardinian 5 per Cents. 924 93 ; Spanish New De- s
ferred 29Z 1 ; ditto Certificates, 61 1 ; ditto Passive,
_'ss
114 ; and Peruvian Dollar Bonds, 761. Turkish ,Z
Scrip is 1 4 premium. Peruvian 4* per Cents., s
914 921.