The Sun.
London, England, 1858-01-18 00:00:00

ONEY MARKET

1

S'.TD

COMMERCIAL INI'ELLIGENCF.

CITY, Two O'CLOCK.
The accounts received from the manufacturing
districts this morning represent business during
the Past week as having been moderately active.
gradual and progressive improvement is in most
dances perceptible enough to increase confidence.
41 Birmingham, however, no material change can
be reported ; in the general trade of the place the
°bPeratives employed in the manufacture of iron
being "on strike." The late reduction of
lOU agreed to at the meeting of the iron masters has
beet,
maintained, but first-class pig iron has ex-
hibited a slight improvement.
At Leeds the Woollen Cloth Trade has ex-
hibited symptoms of improvement, and at the
ivarious Cloth Halls considerable quantities of goods
had changed hands, increased confidence being
_manifested in the general improvement of trade.
There have been a few failures of consequence
during the week. Business at Bradford has been
confined exclusively to immediate requirements,
azul prices have been barely supported. Some
considerable purchases of goods have been made
for home consumption, at a large sacrifice
it° Manufacturers. The state of trade at Halifax
°as been slightly improved, but dealers exercise
Feat caution in their transactions ; late rates,
however, are supported. The hosiery trade at
Leicester is slightly progressing towards recovery ;
ilfeW orders for spring goods having been given. out.
The demand for the spring trade, as yet, has hardly
begun, but an impression is generally entertained
that matters must soon wear a more cheerful
aPpearance. At Manchester, both cotton goods
kid yin ns continue quiet ; no improvement
Whatever can be quoted in prices, and manu-
facturers complain that the present rates do
I.lot cover the cost of production. Stocks gene-
rally are fast diminishing. The accounts from the
?-,a•st are considered rather more satisfactory, and
the prices of articles suitable for those markets
6"r an improved tendency.
Letters from Liverpool report that the Cotton
Market on Saturday presented a very animated
appearance, and prices of most descriptions were
fully maintained. The sales amounted to 8,000
bales, 3,000 of which were taken by the speculators.
The Railway Share Market closed quietly, and
quotations were without any material alteration.

On Saturday a further sum of 152,0001. in Aus-
tralian and Russian gold was sold to the Bank of
4ngland, making an addition since the date of the
last weekly return about a quarter of a million
sterling. Two or three vessels are now due from
Australia, which may be expected in a few days,
and thus it is imagined that the accumula-
tion will continue. Besides the supplies that
may be calculated upon from that quarter large re-
roittanocia will probably be received from the
United States, where the exchange is now in our
favour. The Persia, announced this morning, has
brought
nearly 400,0001. which in the absence
et any continental demand will, no doubt, be
sent into the Threadneedle-street vaults. The
: 'itsnourit now dispatched to France is very limited,
hi-monthly exports of silver to the East being
still Conducted on a moderate scale. The steamer
on the 20th inst. is expected to take out a quarter
°`cl million sterling, but this scale of export, if
elTitinued, will not occasion the least inconvenience.
" Bank of France is, receiving ample supplies of
specie through the ordinary course of its busilless,
'without being compelled to purchase gold at a
Premium from this country. Last week the ex-
Porta of specie from England were estimated at
6,0001,, and the imports at 518,0331.
_ No alteration can be reported in the general
Position of the Money Market. Since the reduc-
tionv of the rate to 5 per cent., the demand has still
further decreased, and in Lombard-street the terms
ged for the negotiation of the best descrip-
os of mercantile bills range from 34 to 44 per
It is fully believed that the authorities
Rill at once perceive the necessity of lowering
their„ terms to a point more in accordance with
those current out of doors.
The English Funds present a very heavy appear-
tti-r
et) notwithstanding the increased ease in the money
niarket and the continuous influx of gold.
Wing to the uncertainty felt regarding an Indian
eana the speculators are operating to a limited
Tent, and a few sales exercise an unfavourable
Prices
This has been proved by the variation in
Ltioea during the last few days, and the reaction
-:k_°4l the highest point recently attained is now
per cent. The market opened flatly, and
r7there has since been a decline of 4 per cent.,
'c'eliola being 9411 4 for money, and 944 -a for
the Reduced 944 I. Exchequer Bills are heavy,
and at 225. to 261. premium ; the Bonds are 99i
TOO, and India Bonds 12s. to 16s. premium.
In Foreign Securities about the average amount
ul business has been done, but the market is dull
and heavy. Turkish 6 per Cents. have been dealt
11l at 974 ggi ; the 4 per Cents. Guaranteed are
1041 ; Russian 5 per Cents. are 109 ; ditto 4/ per
n 'ettta., 974 ; Sardinian, 89 ; Mexican Stock is 202. ;
411(1 Dutch 24 per Cents., 654.
Stocks
following are the nominal prices of Foreign
;fir'''cics :—Grenada Deferred Bonds, 516; Mexican,
I ; Peruvian, 44 per Cents., 77 79 ; Ditto 3
Let Cents , 52 54 ; Portuguese 3 per Cents.,
45 ; Pa; ssian 5 per Cents., 108 110 ; Ditto 44
lel! Cents., 98 100 ; Spanish 3 per Cents,, 414 ;
'lto New Deferred, 254 26.
thjt Railway
moderate business has been reported in
Share Market, and in most instances
157°es have receded about 4to 1 per cent. Cale-
44i4ne) Eastern Counties, Great-Northerns, South-.
North-Eastern (Berwick), and South-
. terns, have declined 10s. ; Great Westerns,
irghton and North Western, 11. ; and Midlands,
lOe• Most of the other lines dealt in exhibited
i,,'"rnvrard tendency. In the Foreign and Colonial
17:lertakings the transactions were rather nume-
pie, but at lower quotations. Northern of France,
aria and Lyons, and Great Central of France,
*ere at ss. lower; and Lombardo-Venetian, 10s. ;
t rand Trunk of Canada declined 11. 10s. ; Great
western of Canada, 10s. ; and East Indian, 10s.
to 15s.
Joint-Stock Bank Shares are quiet, but prices
are rather firmer. London and Westminster
advanced 155., and Union of London ss;; Bank of
Australasia declined 10s.
,_lll the !Miscellaneous Market there is little
have
to report. National Discount Company
"ye declined 55., and Royal Mail Steam im-
Proved 10s.

18
20i
100
100

BRITISH FerNDS THIS DAY AT ONE O'CLoGr:
(Prom the Official List:l
Busineos does
3 Der Cent. Reduced A.nnuitle.
Iller (Ant (1071901 R Ak, nntiis 94a a a
2_,_‘,' 3 per Cent. Annuities 941 1 i
• 4%.11 Ronde, £10~0
sitto, under £lOOO l5 12 p
,
,
N., Lliols to Accouni„
21 000 ........... .. ...
too.), ........................ . ....
%
A Exchequer Bonds, 1858, B 4 per _--
Oltto„ 1859
...... 991 100
hIC'ES OF FOREIGN FUNDS Al. ONE O'CLOCK
/tezican 3 per Cent....
1, .............. .. ..........
... . . 2og
"tigliese Bonds, 5 por Cent., Con, 1941
~biLto 1853, 3 per Cent
Itl3 itto Atoollnt ............................. , 44?
Sian Bonds, 1322, St., 5 per Cent lO9
b ditto, 44 per Cent.
°lrdinian aoticis, 5 per Cent.
Itn7l,ittO Account B9
't4i4h Bonds, t; per cent 9B i
bitto Account 9Bl 7i
13
Ave nitto AccountGuarautood„ 4 per CL:nt.
1041

buteis Dividends on the above payable in London.
•
E,lehange. 2i per Cent., 12 Guilders 654
Per Cent. Certificates .............99
TWO O'CLOCK.
Consols, 94i
Money ... ••
•-•048012 for account

Niv10(11
Y74,DEDM OF THANICSGIVING FOR THE ESCAPE (,F
`
z' RUCH EMPEROR AND EMPRESS —YesterdAY
solemnte_ce
service of thanksgiving took place, in the pre-
-1,.° of the French Ambassador, at the French Chapel,
Portman-square. The chapel was crowded
excess by the principal French families now in
""440n,