The Sun.
London, England, 1858-01-12 00:00:00

MONEY MARKET

A _ID
COM MERCTAL INTELLIGENCE,

CITY, Two O'CLOCK.
Notwithstanding the improvement which is now
apparent in the manufacturing districts small
failures are of frequent occurrence, and although
individually the liabilities are small, they amount
to an important sum in the aggregate. This state
of things was anticipated, and although many fresh
disasters may take place for some time to come,
they will not impede the general recovery, which
will be secured by the increasing easiness of the
money market. Among the suspensions recorded
during the last few days are those of Messrs. Arthur
and Co., warehousemen, of Glasgow, and Messrs.
S. Broom, of Stourford and Kidderminster,
worsted spinners, but in neither case are the lia-
bilities of an extensive character.
Accounts from Liverpool state that the Cotton
Market yesterday closed heavily, and values of
most descriptions were lower. The sales were
estimated at 6,000 bales, 500 of which were taken
by the exporters. The Railway Share Market
manifested a quiet appearance, and prices were
without any material alteration.
Business in the Foreign and Colonial Produce
Markets during the last few days has been active,
and advanced rates have, in some instances, been
realised. For sugar, of good grocery qualities,
there has been some enquiry, but the inferior de-
scriptions have been quiet. In .the Refined
Market prices are firm, owing to the scarcity of
dried goods on offer. For coffee there has been an
active enquiry, and full rates are current for good
coloury qualities of Plantation Ceylon. Tea
has been firm, and common congou has
advanced to 130. per lb. For rice, rum,
and fruit there has been some enquiry, and in the
latter article the common qualities of currants are
in demand at an advance of ss. to 6s. per cwt.
Saltpetre has been actively enquired for, and al-
though the stocks on hand are large full rates are
current. The indigo market continues very firm,
some small lots have been disposed of at an advance
of 4d. to 6d. per lb. on the rates current at the last
October sales. Tallow is quiet, P.Y.C. on the spot
is quoted 555., January to March, 545. 6d., and
March delivery 555. per cwt.
There was a decline of about per cent. on the
Paris Bourse yesterday, the 3 per Cents. being 70f.
for money, and 70 25 for the account.
Gold continues to pour into the Bank ♦aults.
Yesterday nearly 200,0001. was taken in, and the
155,000/. received from America by the Canada
will no doubt follow.

A prospectus has been issued of the Great
Southern of India Railway Company, the object of
which to is afford railway communication south of
the existing Madras Railway, including the pro-
vinces of Tanjore, Tritohinopoly, Madura, Tin-
Coimbatore, Salem, and Travancore. The
capital required is one million, and as all Indian
investments are now in special favour, there
can be no doubt that the whole amount will
be placed without difficulty. It is expected
that a guarantee of 5 per cent. will be obtained
from the East India Company, and that
the undertaking in fact will be put on the same
footing as the other Indian companies. The mu-
tiny and its melancholy results will induce the
authorities to expedite the formation of all public
works, and especially railways, which will not only
promote the development of the resources of the
empire, but no doubt also prove remunerative to
the companies by whom they are constructed. 20
At the London and Greenwich Railway Cora- 20
pang's meeting to-day a dividend of ss. 4d. per ,2205
25
share was declared. 25
The demand for money is quiet, and accommoda-
tion can be obtained on good security at 5 per cent.
On the Stock Exchange also the terms are moderate,
Varying from 2f to 2i per cent. for short loans.
There has been more activity in the market for
English Securities to-day, but sales having prepon-
derated, the quotations have been weaker. An
increased supply of money stock has been brought
forward, and has had a depressing influence. Consols
were 94i i 4 for money, and 94i for account, but
they are now 94i s and 94a I respectively. The
New Threes are 941 4 ; the Reduced, ata ; and
5 per Cont. Annuities, Mi. Exchequer Bills are
15s. prem., and Ditto Bonds 99i

The Foreign Market is moderately active, but
although there has not been much variation in
prices, they are generally flatter. Turkish 6 per
Cents. are 961 to 97k, and the 4 per Cents. 104 ;
Mexican 3 per Cents. are 20k ; Peruvian 4i per
Cents., 78 ; ditto 3 per Cents., 53 ; Danish 5 per
Cents., 100 ; Sardinian 5 per Cents., 88} ; Spanish
New Deferred 258 ; Belgian 2i per Cents., sq ;
Dutch 2i per Cents., 64i ; and ditto 4 per
Cents., 99.

The following are the nominal prices of Foreign

Stocks :—Greuada Deferred Bonds, 5i 6; Mexican, 1.-`(
20l ; Peruvian 41 per Cents., 78i 91 ; Ditto 3 per iC
Cents., ; Portuguese 3 per Cents., 44 45 ;
Russian 5 per Cents., 108 110 ; Ditto, 41. per E
Cents., 98 100 ex div. ; Spanish 3 per Cents., 41i ;
Ditto New Deferred, 25/ 261 ; Ditto Certificates,
; Ditto Passive,
The Railway Share Market this morning has
been active, but most of the leading lines dealt
in have declined about to 1 per cent. Edinburgh 11
and Glasgow, Gt. Western, Brighton, N.-Western, 11
S.-Weatern, Midland, and South-Eastern each de-
clined 10s. ; Caledonian, 15s ; Chester and. Holyhead,
and Eastern Counties, 11. Most of the other English
lines were a fraction lower. The Foreign lines were
dull. Eastern of France declined 10s.; Sambre and
Meuse, ss. ; Pernambuco, ss. ; and Great Luxem-
bourg, ss. The Colonial undertakings very de-
pressed. Grand Trunk of Canada receded 31. ; -
Great Western of Canada, 10s. ; and East Indian,
1/. 10s.

Mining Shares were inactive, and exhibited no
variation of importance.
For Joint Stock Bank Shares there was some
inquiry. Oriental Bank improved ss. ; Union of
Australia, ss. to 10s. ; and the New Shares, 1/.
In the Miscellaneous Shares no change of im-
portance can be reported.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK,
(Tram the Official Lists) _ _

_
- Busineesdone.
a per Cent. Reduced Annuities 94} i
3 per Gent. Consols Annuities 944 ii $ i I
New 3 per Cent. Annuities 94i i i t
5 per Cent. Annuities IIIA
O,L sots fur A.ccouLT , Feb 4
1:1 Ex .th eq an Bills, hid.
21000 . ....•..

0
-'l:ttS we 11........ .............. ...... ..
1 Exchequer Bonds, 1858, :ii per Cent 991 i
..10Itto, 1659
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK
Danish Bonds, 3 pee Cent., 1825 —
Ditto 5 per Cont.,
Mexican 3 per Cent 2O/
ttli u ttto Account 2Ol
Peruvian Bonds, 4i per Cent
Ditto 3 per Cent 53
Sardinian Bon4s, 5 per 0, nt.
Ditto Account
SP ,nihh Bolds, .4 per Cent.
Ditto New Deferred, 3 por Cent.
Ditto Account 2SH
T arkisle -Bonds, 6 per cent 971 i
r Ditto Account
10itto Guaranteed, 4 per Cent.
Ditto Account lO4
Dividends on the above payable in London.
Belgian 21 per Cent., ex. 25 francs
Dutch Exchange, 2. per Cen;:., 12 Guilders 64/
Do. 4 per Cent. Certificates
TWO O'CLOCK.
941 ii
94g 4

...4Consolo, money ..
enronsola for
acc0unt,,,,,,,.

EXECUTION OF JOHN BEALL —This morning John
Beale was publicly executed in front of Taunton Gaol,
fur the murder of Charlotte Pugsley, at Long Ashton,
near Bristol.

Mr. Frederick Howard, a member of an eminent h gal
firm in Bristol yesterday met his death through the
accidental explosion of his gun.
NEW QUEEN'S COUNSEL—The followicg gentlemen
yesterday took their seats within the bar as Queen's
counsel:—Mr. Bazalgette, Mr. Shapter, Mr. Toiler,
Mr. Greene, Mr. Goldsmid, Mr. A.rophlett, and Mr.

Pit ming.
SURREY ARCHAOLOGICAL SOCIETY.—The Coot ell of
this society have fixed that the summer congress of its
members shall be held at Farnham, and have resolved
to invite the Bishop of Winchester to preside on the
osoasion.