The Sun.
London, England, 1858-06-16 00:00:00

COMMERCIAL INTELLIGENCE.

MONEY MARKET. —The money market is without
change : money is plentiful, but the rates of di-count
remain nevertheless at 8 per cent, for paper having 93
days to run, and at 9 per cent. for paper beyond that
currency. The bills under discount have been running
off remarkably well, and it is generally considered that
most parties are trading within their means, and that
business is being conducted on a very sound and healthy
ba'is. In the share market there has been rather more
activity, and local stocks have a somewhat upward ten-
dency. The debentures which the Government will
presently have to issue to defray the railway expen-
diture will be negotiated, it is expected, at par.,
but much depends upon the rapidity with which
they will be emitted. The tenders for the con•
struction of all the lines of railway at present contem-
plated, have not yet been reported upon, and it is there-
fore not known who will eventually obtain the contracts.
The tenders for the whole line differ nearly 2,000,0001.,
the loLrest tender being about 5,000,0001., the highest
7,000,000/. It is expected that for the ilasent not more
than 34 miles will be contracted for, but the moment
the works are begun, emigration from England may
certainly be resumed without fear of labour coming
to an over-stocked market.

ALE AND PORTER.—Throughout the month there has
been a brisk demand for Bulk ale. Bass' has been eale-
able at 91. 108 ; Salt's and Worthington and Robinson's
at 8/. to 8/. 103. Any Bulk ale, if but sound, has be•
worth 61. to 71. 10s., and much which was not quite
sound, and which a month or so back sold for 21. 10e., Las
fetched that price. We may remark, however, that
even 71. 10s., which is considered an extraordinary price
for second-class ales, will not bring any one home ship-
ping it out on consignment, and that the probabilities are
that the moment the better brands are plentiful the price
will recede then to 51. Bulk stout has sold fairly in
small lots at 61. 10s. for Truman's, and Taylor Walker's.
For bottled beers daring the last three weeks there has
been a very good demand ; and if arrivals had not been
so enormously large, prices would have advanced to lls.
for Byass'. As it was, the very contrary took place,
and some sales were effected at Ds. 61 for half-ale-half-
porter, although regular holders of it have kept the price
at 103. to 10s, 6d. ; at auction two.thirda porter and
one-third ale brought 9g. dd.

r BUTTER.—This article has been in continuous
demand during the month, and though the price
was allowed to recede to 132 id., it was more owing
to mismanagement on the part of importers who
got frightened at some large lots brought by Jan-
uary Liverpool vessels than to anything else. The
market rate to-day is about 140., and we have to notice
that the trade will now more easily buy than formerly
brands other than Gould's or Honan's, as many of the
less known names have lately turned out very good and
even in quality.
BOOTS ♦ND SHOES.—The market has again got worse,
and large shipments have been pushed off at auction at
eery unsatisfactory prices. For men's winter goods,
such as water tights, army bluchers, and sprigged wel-
lingtons, some demand exists, and for these kinds invoice
to 10 per cent, advance can be made.
Cheese remains a very miserable article of import. It
is true that prime will bring 14d., but the bulk of the
shipments to hand have been in bad order.
CANDLES.—It seems quite impossible to raise the
value of candles. The imports from the Continent of
1 lb. packages are very heavy, and they more than coun-
terbalance any falling off in shipments from Great Bri-
tain.

COFFEE —Oar market is well supplied at present with
Ceylon coffee, both native and plantation, and the price
remains stationary at our quotations. Should any addi-
tion take place to the stocks in hand,, lower rates may
be expected.

. -
DRIED Faurrs.—The market is bare of every kind
except currants, which are worth 64d., and during the
whole month, almonds, muscatel and pudding raisins,
and nuts would have brought remunerative rates.
EASTERN PRODUCE.—We have to notice a consider-
able improvement in almost every kind of eastern pro-
duce, owing chiefly to the cessation of forced auction
sales both of sugars and teas.

FLOUR AND V GRAlN.—Prices of flour have gone
backward in consequence of supplies from Ade-
laide having come more freely to band, and the very best
brands cannot be quoted higher than 171. 53., whilst
many are selling at 161. 10a. to 171. Wheat has de-
clined io 6e. 9J., and is offering much more freely, arid
we bear far less of shortness of crops now than we dRi
a month back—in fact by all accounts the harvest, both
in Victoria and South Australia, has after all been
abundant, aad prices of grain have a downward ten-
dency.
HAYS AND BACON.—During the entire month Hams
have been scarce, and really good, in white covers, have
brought 161. tcon has been selling more freely than
it did, at Ild. to 111 d,
METALS AND BUILDING MATERIALS.—Iron Continues
to arrive in excessive quantities, and although the con-
sumption of Bar and liod 13 just now large, imports ate
too heavy to allow of improvement in value.

SETTLING OF THE CAGLIARI
QUESTION.

(Prom the Times.)
The public has reason t be satisfied not only
with the settleineriich i
t of the Cagliari3 affair, but with
heraldt. h o mannerlast
ninnight, in
tathnm n 1
wass, arranged. Mr. Fitz-
er to a question fr,
Lord Derby and his colleagues had
of Commons that
Mr. Deasy, informed
had presented a
note to the King
of Naples,
that sufficient indemnityplebs' requiring not only
two British subjects who had should
ou
b be given to the
'en sgogririaenvdoui:elyr
wronged by his acts, but that tlieCalia
ofoen
our cause
s glad t
eo
wn e
had suffered
•
of
commonfthe
ern
Crown
oenregd,
credit
tnfdo
for the
spirit
with which
give
the r resent advisers
they
demanded a common redress. They mightav
have
contented themselves with obtaining satisfactione
for our own wrongs, but they recognised that the
cause of cur allies was inextricably bound up with
our own. The King of Naples seems to have felt
that the time for " argumentative refusals" was at
an end, and did not even wait until the Sardinian
Representative at Naples had made laii demand.
The Cagliari and In r crow were released before the
final categorical deina'id from Turin was deli were i
to the Neapolitan Court. It was no doubt consi
dered by the Neapolitan King that there was less
loss of dignity in yielding to pressure from Eng-
land than from Sardinia. He might also suppose
that a ready acqu.escnica in our demand mighl
pave the way t i a renewal of diplomatic relations.
Lord Malmesbury, however, is well entitled to the
favourable consideraion of the country for the
efficient manner in which he has brought this
troublesome affair to so satisfactory a conclusion.

TIIR COMMISSION OF LUNACY ON SIR IL MEUX.—
The hearing of evidence closed this morning, and Mr.
Edwin James addressed the jury on behalf of Lady
Meux. Several other speeches have to be delivered prior
to the summing-up by the learned commissioner. It is
not expected that the case will close before late to-mor-
row evening,