The Sun.
London, England, 1858-10-25 00:00:00

MIII

HONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.

The account-3 from the manufacturing districts
are satisfactory. During the past week a fair
amount of business has been done, and in some few
instances a higher scale of prices has been
current. At Leeds there had been a regular de-
mand for seasonable goods, and in the various
warehouses and cloth halls some activity had pre-
vailed. Most of the manufacturers of the
districts are well employed on fabrics for
the spring trade, and the operatives generally
are working full time. At Bradford the transac-
tions in piece goods have been to about an average
extent. Prices 'in most instances are well sup-
ported. Stocks of goods are generally light, and
manufacturers aro, reluctant to enter into fresh con-
signments at pres ent rates. At Manchester more
firmness has been apparent, and cloths suited to the
India and China markets have been in extra de-
mand. For the home trade there is a moderate in-
quiry, and the prices of all descriptions of cloths
have an upward tendency. Business at Leicester
is in a vc ry satisfactory state, and for foreign goods
of all descriptions there is an active inquiry.
Yarns have shown no material alteration. The
lace trade at Nottingham has been moderately
active, plain goods realising fully late quotations.
The iron trade in South Staffordshire continues to
improve. There has been some inquiry for rails for
the Norwegian Government. In the various trades
of Birmingham and its neighbourhood a steady
improvement is reported, some rather extensive
orders from the United States having been received.
'the official returns relating to trade and naviga-
tion for the nine months ending the 30th Septem-
ber have been published. From these it appears
that the total declared value of all the exports from
the' United Kingdom during that period has been
£86,310,329 against £97,735,592 in the like period
of 1857, showing a falling off of £9,425,263. The
decrease is perceptible in coals and culrn,
earthenware, haberdashery, and millinery, hard-
ware and cutlery, linen manufactures, metals,
silk. manufactures, British spirits, woollen and
worsted cloths, sheep and lambs' wool, and woollen
and worsted yarn. The imports of the principal
articles have been larger as regards cocoa, coffee,
Wheat,-Indian corn, flour, ruin, cotton, fruit, guano,
saltpetre, spices, unrefined sugar, and tea, while
there is a diminution in live animals, barley, oats,
flax, provisions, tallow, timber, wine, and sheeps'
and lambs wool. The shipping accounts exhibit
au increase in the amount of tonnage employed
in the Foreign trade of the United
Kingdom for the nine months of 96,434 tons for
the entries inward, but there is a decrease of
180,311 tons in the clearances outward. In the
coasting trade for the like period there has been a
decrease in the tonnage employed both for the
entries inward and the clearances outward.
111 the Liverpool Cotton Market, on Saturday, a
fair amount of business was transacted at full
tatek The sales were estimated at 6,000 bales.
The
Railway Share. Market closed quietly at about
Previous qudtations. According to the report of
the Royal Mail\ Steam Company, the profits of the
half-year to 30th June were £124,648, from which
a dividend of £2 jeer share is recommended.
The arrivals of specie announced this morning
izelude the Malta, from Alexandria, with £1,700 ;
the Arabia, from New York, with £90,600 ; and
the Alhambra, from Gibraltar, with £2,350, mak-
ing a total of £94,650.
The demand for money continues very quiet, and
the general position of the market consequently re-
Inains unchanged. While the supply continues so
„abundant the competition stimulated among the
bill brokers and bankers must keep down thclerms
at an unusually low point, and the Bank Directors
may yet be induced to follow the tendency of the
rates, and fix their minimum at 21 per cent. A
change of this kind may be announced next Thurs-
day,., or it may be deferred a short time
Longer ; but provided no new phase be-
comes apparent in the financial relations of the
continent, it is scarcely supposed that the existing
regulations will be continued, in spite of the reduced
trocs current in Lombard-street. The joint-stock
banks will only allow 11 per cent. for deposits,
yin
they
already more capital at their command than
Can find remunerative employment for; and
en the Stock Exchange advances are offered freely
at 4 per cent.
Among the numerous undertakings recently in-
troduced is the "Opera Colonnade Hotel Company,"
nich, from the respectability of its promoters,
the comparatively small amount of capital required,
and the probable success of the project, has at-
tracted the notice of the investing public. Appli-
cations
, have already been received for a large
number of the shares, which are £5 each, 10s.
_„'"u be paid on application, and £2 per: share on
allotment. The company is formed for the pur-
rfs? of conducting the long-established and cele-
irla the Haymarket.
hotel known as "Feuillade's," so well-known
Haymarket. It is unnecessary to refer at
gl. to the advantages which attach to this
beestanbelishment from its central position, but it may
thweessary to state for the general information of
SC seeking investments, and whose attention
tic been directed to this project, in par-
ra„,:trv,v_ that it is intended to open a restau-
daZ, here 600 visitors can be daily accommo-.
derie, en moderate fixed charges. A resort of this
'i
Ption has long been required at the West
pro
; and if the arrangements contemplated by the
eveuoters are fully carried out, there seems to be
ry reasonable prospect of a satisfactory
return
thetshe
.shape of dividend being annually secured to
aieholders.
Are, fli i-ter decline has taken place in the value of
trunighph Securities. At first the quotations appeared
deoi out sales were then pressed which caused a
tlat. ne ;Al per cent., and the market is still very
epe._l These alterations are produced solely by the
Itore, who in the absence of the public are
NI, enabled to influence the market without diffi-
-4.4s . Consols have been 981 ',14, and 981 1.
and fnert; for account business is reported at 981
t. The New Threes and the Reduced
been dealt in at 97 to 971, but are now
gBtsher lower. The Mareh Exchequer Bills arc
; ditto June, 31s. to 345. prem. ; and
Debentures, 99-a.
xt!Several transactions are reported in the Foreign
933 current.
but in most instances reduced quotations
937, current. Turkish 6 per Cents. have receded to
; but the principal change has been in
,lirsash Scrip, the Ist issue having fallen to
.4_erll.l and the 2d to 11 prem. ; Spanish Cert4ifi-
ZLes are firm at the later advance, viz., 63 :1-4. In
tautthers stocks the variations arc not of unpor-
.
j3usiness in the Railway Share Market has been
h;ceedingly dull, and the variations in prices have
to unimportant, not having been.
_more than_ a
(,treat per cent. Eastern Counties advanced . ss.
lEte,'..L Western and Norfolk improved 10s. Mid-
/szof and South-Easters declined 55., and Great
hriei Lherns 10s. In the Foreign undertakings
Les almost nominal. Paris and Lyons have
htinesroved
os and Pernambuco ss. The Colonial
are fiat with the exception of the Grand Trunk
inroada, which have improved about £2. East
prey,a o and Great Western of Canada, are at about
ieus rates.
11121?int-Stock Bank and Miscellaneous Shares are
`Juerately active, and prices are fully supported.
114-

t4lTisu FUNDS THIS DAY AT ONE O'CLOCK.
a aillt Stock
222±
a Per Cent. Reduced Annuities 97k i 7
)„Per Cent. Consols Annuities ..... 98t a a
±
Vivi, 3 per Cent. Annuities ....
rtg .Annuities, expire sth Jan., 1860.. 1 -16
Ildia Stock
D.....
99
0 Debentures
tto ditto, 2d Issue
trbitto scrip 99
nitto Bonds, .£l,000
Collsols for Account
__ -98 a i

March' June.
Exegl equer Bills, £l,OOO, 2d. &ltd... 38 1 31 4

tra . FOREIGN FUNDS—CLOSING PRICES.
4—au, 5 per Cent.
97
11 tto 1858, 41 per Cent
liell°B Ayres, 6 per Cent l, Ditto Account
13hvian, 41 ent.
Itu„V° 3 Per Cent 7Ol
b.lan, 1822, £ St., 5 per Cent —
%44-to 4i per Cent.
BpamLail, 5 per Cent
1'10—it:II Co' 1. Cert. of Coup. not funded Ga a
bi,_ , u per Cent.
i"" Account
Ditto Loan
bit, wScrip
"`-' ‘4l Issue
Dividends on the above payable in London.
D1:3,,, 431
tll,, 10 Gu £, 5 per Cent.
er L4change, 12 Guil. 21 por Cent —
tto Certificates, 4 per Cent.
TWO O'CLOCK.
Consols, Money
Ditto Account