The Sun.
London, England, 1858-04-05 00:00:00

MONEY

ITARKET

AN

CODMIERCIAL IMELLIGENCIZ.

CITY, Two o'CLocK.

During the past week there has been a slight
improvement in the general trade of the manu-
facturing districts. At Leeds the woollen cloth trade
remained steady but quiet. There has been rather
more business done in light fabrics suitable for
summer use. Both merchants and manufacturers,
however, act with great caution, and are net
desirous of incurring risk by entering into specu-
lative transactions. The worsted trade at Halifax
has been dull, and holders of both yarns and piece
goods have slightly given way in their demands.
At Bradford light fancy goods, suitable to the ap-
proaching season, have been in moderate demand
for the home market, but in other descrip-
tions of goods there is scarcely any business doing,
with little or no demand for the export trade.
The hosiery trade at Leicester continues in a very
depressed condition. The demand for home con-
sumption being very contracted, and in wool there
is no change to report. The lace trade at Notting-
ham has exhibited slight symptoms of improve-
ment, and in the hosiery branch a decided improve-
ment may be noticed. The shipping trade, however,
remains very quiet. Business at Manchester
has been interfered with by the intervention of the
Easter holidays. The late decline, however,
brought several buyers in the market, and some
business has been done both in long cloths and
printers. There is no improvement to report in
the general trade of Birmingham ; some few orders
have been given out for general brass foundry,
but most of the principal establishments continue
slack, and the men are upon short time ; and in
the hardware trades of Walsall and Wolverhamp-
ton there is no improvement whatever to report.
The 4th of the month has not passed over so
satisfactorily as was anticipated, two important
failures having been announced. These are Messrs.
Maitland, Ewing and Co., and Messrs. Newcomen,
Noble and. Co., both in the Ind'a trade. The
former was also largely connected with Chiba ; the
liabilities of that firm are estimated at between
200,0001. and 300,0d01., but it is thought that they
will be paid in full.

With regard to the latter, it is stated that the
liabilities are limited ; but at the same time the
!assets do not promise a very satisfactory return.
The money market continues in an exceedingly
easy state, the supply being still largely in excess
of the commercial demand. First-class bills are
readily negotiated at 2i per cent. The last Bank
return was rather unfavourable in its tendency,
but the changes were chiefly attributable to the
usual quarterly disbursements, and not to any
adverse movement in financial affairs.

The Vimiera, from New South Wales, has just
arrived, but it is not yet known what amount of
gold she has onboard. The Mornin gLigh t, from Mel-
bourne, is also announced with 17,329 ounces of gold,
valued at 69,400/. The receipts of specie from that
quarter will, no doubt, insure a further increase
in the bullion, as the export demand continues
very limited. To India the remittances have Mien
off, and even if consignments to some extent should
be made to America, they are not likely to assume
any serious proportions,

Very lade business is reported in the East India
debentures, and they are quoted at 98. These
securities are not likely to become very popu-
lar till after all the instalments are paid, the
liability of " calls" always being a check to
buoyancy.

The Market for English Securities opened with
a very unfavourable appearance, chiefly owing to a
statement that some parcels of gold have been
taken from the Bank for remittance to New York,
where the exchange has become unfivourable to this
country. Now, however. quotations appear stronger,
but there is very little business in progress, owing
to the proximity of settling day. Consols are marked
156 i for money and the Bth proximo, and the pre-
sent price is 96i ; for May they are 9( . Exche-
quer Bills are 355. to 395. prem., the Bonds 99i,
and India ditto 16s. to 19s. prem. Bank Stock is
226.

Numerous transactions are reported in the Fo-
reign Stock Market. Turkish 6 per Cents. have
been 1001 1011, and the 4 per Cents. 104. Sar-
dinian Bonds are marked 901 to 911. Spanish 3
1:,:)r Cents. 43i Rusgian 1091. Peruvian 4i
4 per Cents. 83. Buenos Ayres 774, and Chilian
104.

The following are the nominal prices of foreign
stocks :—Mexican, 19i 20 ; Peruvian 4i per Cents.'
82 84; ditto 3 per Cents., 55 56 ; Portuguese 3
per Cents., 45 46 ; Russian 5 per Cents., 109 111 ;
ditto 4i per Cents., 99 100 ; Spanish 3 per Cants.,
44 44i ; ditto New Deferred, 26k

A. very limited business has been transacted this
morning in the Railway Share Market, and a
alight downward tendency is apparent in most of
the leading lines, prices having been influenced by
the heaviness in the Consol Market. Eastern
Counties, Lancashire and Yorkshire, Midland and
North Eastern (York), declined 5.. ; Great Wes-
tern, North Western, and North Eastern (Ber-
wick), 10s. ; and Great Northern, 15s. The Foreign
and Colonial lines are very quiet. East Indian
have declined 10s. ; Grand Trunk of Canada, 15s. ;
Paris and Lyons, ss.
Mines, Banks, and Miscellaneous Shares are very
inactive and show a downward tendency in prices.
Bank of Egypt have receded ss. ; London and
Westminster, ss. ; London General Omnibus
company, ss. ; and Royal Mail Steam, 11.