The Sun.
London, England, 1858-09-20 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

The accounts received from the various manu-
facturing districts are of a satisfactory character.
The iron trade of South Staffordshire has not been
active, but stocks in the hands of dealers are light,
and there is every prospect of a speedy revival of
business. In Birmingham the hardware trade has
shown symptoms of improvement, and in most of
the fancy trades of the district there has been
more activity than for some time past. The
woollen cloth trade at Leeds had exhibited
increased activity, and large dealings have been
entered into in both heavy and light fabrics. The
demand for cloths suitable for China has been
exceedingly active. Prices were firm, and owing
to the upward tendency of the raw material there
was every prospect of an advance in values. At
Bradford wools of all descriptions were at full
-values, and a fair amount of business has
been done in piece goods. Most of the mills
in the neighbourhood were working full time,
and the operatives were well employed. -Worsted
yarns were in increased demand, and at rather
higher rates. Business at Manchester continued
very active, and the advance noticed in our last
report has been fully maintained. The demand
for cloths suitable to the Indian and Chinese mar-
kets has been active, and a considerable amount of
business has been done in goods suitable to the
American markets. The hosiery business at Lei-
cester continues active. Stocks are generally very
low, and the demand for home consumption shows
a satisfactory increase. At Nottingham more acti-
vity has prevailed, the lace trade indicating
an improvement. The hardware and cutlery trades
at Wolverhampton and Sheffield continue mode-
rate, the demand being chiefly for the American
and German markets.

In the Liverpool Cotton Market, on Saturday, a
moderate business was transacted, at previous
rates. The sales were estimated at 10,000 bales.
The Railway Share Market closed firmly, and
prices tended upwards.

Beyond an occasional change of 4- or 1 per cent.
in the terms of accommodation, and a little increase
or diminution in the demand, the general position
of the Money Market is perfectly undisturbed. The
periodical instalments on account of loans, and
the monthly commercial payments, combine to
stimulate the inquiry for discount whenever
they have to be completed, but the effect is transi-
tory, and monetary affairs quickly settle down into
their previously quiet condition. It is not
supposed that the engagements having to
be provided for during the remainder of the
year, although numerous and extensive, requiring
in the aggregate several millions sterling, will
create the slightest degree of stringency, and
indeed the balance of opinion is on the contrary,
or rather in favour of continued easiness and
abundance. Some go as far as to contemplate
a reduction, owing to the rapid accumulation of
specie, and the improbability of any sudden return
of pressure that would necessitate the reversal of
that measure if adopted. The impression, moreover,
is strengthened by the fact that the position of the
establishment is nearly, if not quite equal to, what
it has been on former occasions, when the minimum
has been adjusted at 21 per cent.
The specie arrivals announced to-day comprise
£20,250 by the Canada, and £17,500 by the City
of Baltimore, both from the United States.
There is still an absence of activity in Stock Ex-
change circles, and the business of the week has
commenced with a very dull appearance. The
settlement in the New Turkish scrip to-morrow,
and the payment of the Indian Loan instalment, are
chief objects of attention to-day. With regard to
the latter, however, it is supposed that the nume-
rous subscriptions made in anticipation when the
last payment was made, will render the present
operation of comparatively little importance.
The market for Public Securities opened with
dull appearance, and prices were a shade flatter,
but increased firmness is now visible, and the ten-
dency is upwards. There can be no doubt that the
present position of monetary affairs, especially as
regards the specie movement, will force values still
higher, unless some unfavourable contingency should
occur to create uneasiness. Consols have been
971 1 for money, and 971 for account.
They are now 97 and 97t- 1 respectively.
The New 21 per Cents. are 81 82 ; India Deben-
tures, 981 ; the June Exchequer Bills, 245. to
255. prem ; and the March ditto, 355. to 375. prem. ;
India Stock is 216 to 2161.
A fair amount of business has been recorded in
the Foreign Market. Turkish Scrip dropped to 1
dis. to par ; the Old 6 per Cents. are 961 97 ;
and the 4 per Cents., 1041 ; Venezuelan Bonds
have risen to 401 ; Spanish 3 per Cents., Deferred,
29U ; Russian 4 per Cents., 1001; Peruvian 41
per Cents., 911 92 ; and Buenos Ayres, 78.
Business in the Railway Share Market this morn-
ing has been moderately active, but prices have
been flat, a decline of about 1 to 1 per cent. having
taken place in most of the principal lines. Caledo-
nians, Eastern Counties, Great Northerns, Man-
chester, Sheffield, and Lincoln, North British
and North Eastern (Berwick), declined 55.,
Great Western and Midland, 10s., and
North-Western and South-Eastern, 10s. to 15s.
The Foreign and Colonial lines have been rather
firmer. Paris and Lyons improved 10s. ; and
Grand Trunk of Canada, ss. ; Great Western of
Canada and East Indian have been at about previous
values.
Joint Stock Bank Shares have shown a further
depression.' Bank of Australasia have receded 10s.,
London and Westminster, 55., Ottoman Bank, 10s.,
Union of Australia, 10s., and Union of London
about 55.
In the Miscellaneous Market the transactions
have been unimportant, and prices are almost
nominal.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Consols Annv;ties
New 21 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth Jan., 1880 l4
India Stock
Ditto Debentures
Ditto Scrip 9Bl
Ditto Bonds, £l,000
Consols for Account .... 971
March Juno.
Exchequer Bills, £l,OOO, 2d. &11d... 24
25
Ditto £5OO, • _ —
Ditto Small, lid.
Ditto Bonds, 1858, 31 per Cent
Ditto, 1859 lOOl
FOREIGN FUNDS—CLOSING PRICES.
Brazilian, 5 per Cent. lO3l
Ditto 1852, 41 per Cent
Buenos Ayres, 6 per Cent —
Ditto Account
Mexican 3 per Cent.
Ditto Account
Peruvian, 41 per Cent.
Ditto Account
Ditto 3 per Cent. —
Ditto Account
Portuguese, 1853, 3 per Cent.
Ditto Account
Russian, 1822, £ St., 5 per Cent —.
Ditto 41 per Cent.
Spanish 3 per Cent
Ditto New Deferred, 3 per Cent. —
Ditto Account
Turkish, 6 per Cent.
Ditto New Loan Scrip —
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Venezuela, 5 per Cent.
Dividends on the above payable in London.
batch Exchange, 12 Guil. 21 per Cent 66 1
THREE O'CLOCK
Consols, Money
Ditto Account 971 i

CRYSTAL PALACE.—Saturday was a very popu-
lar fete day at Norwood, the Early Closing Association
having its final gathering and holiday-making with all the
eclat and success which could be wished. An ample pro-
gramme was provided ; all tastes, in fact, were suited, from
those who loved wrestling and boisterous sports in the
grounds to those of the large majority that thronged the
centre transept to listen to Clara Novalo's rich, clear notes.
The day, fortunately, was a very fine one, so that on this
occasion at least no hindrance took place from the weather,
and the out-door sports, such as they were, came off well.
Messrs. Denistoun, who suspended in November
last, in consequence of the American failures, with liabili-
ties of £2,143,000, and who subsequently arranged to pay
in full by six instalments terminating on the 30th of June,
1860, of which they have already anticipated, have given
notice that they will be prepared on Tuesday next to dis-
charge that which would fall due on the 30th of June,
1859. There will consequently remain to be met only two
instalments of 4s. each, Of the liabilities in connection
with their Australian house only one instalment of ss. in
the pound remained unpaid, MA this Messrs, Doniatounaro
now prepared to discharge.