The Sun.
London, England, 1858-10-18 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

The advices received from most of the manufac-
turing districts are of a rather satisfactory character,
although there has been no important increase in
the amount of business transacted. In South
Staffordshire the iron trade shows a gradual im-
provement, as stocks are extremely light compared
with those at the same period of the previous year.
At Birmingham most of the trades of the town
and districts were moderately employed. At Leeds
the reports continue to be very satisfactory from
the various warehouses. The manufacturers
throughout the district are in full work. Business
at Manchester has been rather quiet, notwithstand-
ing the favourable advices from the Indian and
China markets. Rather more business has been
done in sheetings for home use, and yarns continue
to support full values. At Leicester a fair
amount of business was transacted in the
hosiery trade, and business generally was in
a very healthy state. At Bradford piece goods have
been rather quiet, but prices were firm. Yarns and
wools fully supported former quotations. At
Sheffield and Wolverhampton the various hard-
ware trades of the district have been gradually
improving, and commercial matters generally look
better than they have done for some weeks past.
Owing to the improvement of business through-
out the country the quantity of commercial
bills brought is larger, but the additional 81
The Liverpool Cotton Market on Saturday elosed
steadily, and 7,000 bales were disposed of at about
former quotations. In Railway Shares very little
business was done, and prices tended downwards.

Attention is still directed to the increasing strin-
gency of the German money-markets, several of the
Principal banks having raised their rates of dis-
count to 5 per cent., which, considering the
quietude of trade and the absence of speculation,
is certainly a very high point. As this sudden and
unexpected change, however, is the result of finan-
cial movements in Austria, the effect of which
flay be merely temporary, it is scarcely viewed as
an indication of a permanent alteration in the state
of monetary affairs. It nevertheless attracts con-
siderable notice among capitalists and speculators,
because no reliable opinion can be formed of its
probable extent and influence in other directions.
The increased demand for specie may lead to
some Withdrawals from this country, which would,
no doubt, create anxiety among the operators
for a rise in public securities, although it might only
absorb a small proportion of the Australian, Ame-
rican, and Russian remittances, which promise to
Continue on a large scale during the next few
Months.

There is no appreciable variation in the general
appearance of the money market. It still remains
unusually easy, and the supply is excessive, owing
to the improvement of business throughout the coun-
try, and the quantity of commercial bills brought
forward, but the additional inquiry is not sufficient
to create the slightest impression upon the terms of
discount.

One instalment of 25 per cent. is due to-day on
the Indian Loan, amounting to £797,125, but it is
stated that a large proportion was paid in advance
some time ago.
The steamer Niagara, from New York, has
brought £20,400 in specie.
The English Stock Market is rather heavy, and a
decline of per cent. has taken place, several small
speculative sales having been effected. This de-
pression is attributed to the less favourable appear-
ance of monetary affairs on the Continent, and
the impression that the minimum rate of dis-
count here will not be reduced below 3
Per cent. Consols have been 988 for money,
and 981 I for account. The New Threes are about
97i -7,-, and the Reduced 971 d. The June Ex-
chequer Bills are 295. to 30s. premium; and India
14s. premium. India Debentures are 991 I
for the first issue, and 991 for the second. Bank
Stock is 220 to 221*.
In the Foreign Market a moderate amount of
business has been done, but the quotations in several
instanem rather tended downwards. Turkish 6
Per Cents. are 94 4 ; ditto New Scrip, No. 1,12 il-
-11'eln-; ditto 1\14). 2, 211 prem. ; the 4 per Cents.
Guaranteed are 105! N ; Portuguese 3 per Cents.
are 461
; Dutch 4 per Cents., 1001 ; Peruvian 41
Per Cents., 871; Equador, 151 K, and Brazilian 41
Per Cents. (1858), 971 1.
In the Railway Share Market business has been
and a downward tendency has prevailed in
Prices. Caledonian, Eastern Counties, and North
Stafford, have receded ss. ; Great Western and
North Western, 10s. ; South Western, 15s. ; and South
Eastern, £l. Great Northerns show an improve-
Merit of about 10s. The foreign lines have also been
rather depressed. Paris and Lyons and Northern
Of France have receded about 10s.; and Lombardo-
venetian ss. to 10s. In the Colonial Market East
adian are steady, as also Grand Trunk and Great
Western of Canada.
Joint Stock Bank and Miscellaneous shares are
at Slightly reduced quotations. Ottoman Bank,
however have improved about ss. ; Australian
Agricultural declined 10s., and Peninsular and
uriental Steam, £l.

so BRITISHock FUNDS—CLOSING PRI22OfCES.
-.ank St lf
NPer Cent. Reduced Annuities
eer Cent. Consols Annuities
L,,3 per Cent. Annuities
Low
Annuities, expire sth
D'tt() 30 Years, expire 10th Oct, 1859 l5-16
, Ditto 30 Years, expire sth April, 1885 lB 3-16
„.s.ul)"iittttO
'lldia Stock
99 I I
ditto,pebl2tud
Debentures
Issue
Ditto
Jo Scrip, 2d Issue
,:tto Bonds £l,000
t4.14° under 'ZI,OOO
'ottsolis for Account
Morelli June.
Iteliequer Bills, £l,OOO, 2d. &ltd... 40 30
Ditto 5..500, 30 29
Ditto Small, ltd.
, FOREIGN FUNDS—CLOSING PRICES.
.°razilian, 5 per Cent IO2T '
Ditto 1858, 4t per Cent. 971 il
Danish, 1825, 3 per Cent. —
, Ditto 5 per Cent.
-ti quador New Consolidated . 15i I
Ale/dean. 3 per Cent. —
Ditto Ac- -:t . -

Peruvian
Account
reruvian, 41 per Cent...,,.,,.,.......
Ditto Account
'°rtligutese, 1853, 3 per Cent.
, Ditto Account
''''.ll!sian, 1822, £ St., 5 per Cent ll
Ditto 1852, 41 per Cent.
Sardhllan, 5 pei: Cent. —
Ditto Account
lan sh 3 per Cent
46
Ditto Account
Ditto New Deferred, 3 per Cent .
Ditto Account
rn
panigh Co. Cert. of Coup. not fundpd,. 6/
urk:Wl, 6 per Cent.
Ditto New Loan Scrip
Ditto Account
Ditto 2di Issue
Ditto Guaranteed, 4 per Cent.
Ditto Account
Dividends on the above payable in London.
,13elgiat_i, 41 per Cent., Ex. 25f
-uutelb Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.

THREE O'CLOCK.
Consols, Money
Ditto Account; Nov. 10 I 9B/ t

RAILWAY CALLS.

Subjoined is a statement of railway calls falling
due at various periols

Call. Makin
Paid.

Birkenhead, Lancashire, and Cheshire
Junction, Per. 4 per cent. Debenture
£25 0 0
Stock (Nov. 1,18o8)
Ditto ditto ditto (Feb. 1, 185'9) 25 0 0
Cape Town Railway and Dock (Oct
23, 1858)
Ditto ditto ditto (Jan. 1, 185.°)
Ditto ditto ditto (April 1, 1859)
Ditto ditto ditto (July 1, 1859) ..
Ditto ditto ditto (Jan. 1, 1860)
Grand. Trunk of Canada 7 per cent
tlefienture, 1862, issued at 20 dis.
SNov. 20, 1858)
20 0
"Io ditto ditto (Jan. 20, 1858)
2
bitto ditto ditto (Mar. 31, 1859)
00
tGreat -Western of Canada New Shares,
illainey Junction (Nov. 1, 18:58(Aug.
ancaster and Carlisle, £l6l gl,
1860) .
Lancaster and Preston, £lll (Oct. 31,
1859)
0 10 0
Lo 859
(Nov. Ito 15,1858) 2 0 0
-London. and North-Western Eighths
t,911Y 1, 18.59)
bltto ditto ditto (July 1, 1860)
Ditto
ditto ditto (July 1, 1860)
i',ittn ditto ditto (Jan. 1, 1861)
zanchester, Sheffield, and Lincoln-
trhire, £lO, 4 per cent. (Jan. 1, 1859)
Ditto ,di
ditto (July 1, 1859)
urtto ,ditto ditto (Jan. 1, 1860)

£75
100

1 18 0
2 10 0
2 10 0
2 10 0
2 10 0

1 0 0

0 13 4

2 10 0
2 10 0
0 10 0
1 0 0

1 15 0
1 5 0
0 1.5 0