The Sun.
London, England, 1858-05-28 00:00:00

MONEY MARKET

AND
COMbIERCTAL INTE,LLIGENCE.

CITY, Two o'CLocK.

The Foreign and Colonial Produce. Markets,
during the past few days, have not bsen very ac-
tive. A large quantity of produce has been offered
at public sale, and prices generaly have le-en de-
Pres'ed, the trade generally being averse to operate
to any extent. Sugar has declined about 6d. per
cwt., and tea id. to ld. per lb. Coffee sold to a
Moderate extent at about previous rates, but there
was a very limited inquiry for both rice and fruit.
Saltpetre has been firm, and full rates continue
current for all qualities. Tallow has exhibited
very little activity, and a decline of about 3d. per
cwt. may be quoted. P. Y.C., on the spot, is 535.
6(1. ; June delivery, 535. ; and last three months,
sls• per cwt.

Market
from Liverpool mention that the Cotton
yesterday closed quietly, and prices
slightly declined. The sales were estimated at
4,000 bales. The Railway Share Market mani-
fested rather more steadiness, and previous quota-
tions were well maintained.
The position of the money market is favourable,
arid although the exports of the precious metals
to India and China are increasing, and supplies
are temporarily falling off, and a large amount of
capital is locked up for a short time in the sub-
acription to the new Brazilian Loan, there is,
nevertheless, a large amount of capital afloat in
both the Stock Exchange and Lombard-street.
!Ile supply is very plentiful and the demand light.
-1.4 rates, in consequence, an, easy, and we may
quote good bills as done at 21 to 21 per cent., but
We know of money being obtainable at 2 per cent.
IV some persons these circumstances might imply
the probability of a decline in the Bank charge ;
but as the directors, by some means or other, find
61:11Ployment for the funds at their disposal, and
there is the possibility of the renewed export of
silver to the East producing an adverse influence
on the market, it is extremely questionable if the
directors will make any reduction.

1 meeting of the Mexican Bondholders was held
this day at the London Tavern, D. Robertson,
tsq., in the chair, when a resolution was passed
authorising the committee to apply to Colonel
rack), the Mexican agent, for the delivering up of
nearly 100,0001. now in the Bank of England on
account of interest due to the Bondholders, and in
case of refusal, the committee were empowered to
write to Lord Malmesbury to request his lordship's
protection of the interest of the Bondholders.
:The aspect of the English Stock Market remains
blialtered. Prices may be considered tolerably
steady, with a rather moderate range of business.
Consols are firm at 971 to 98 for money and the
Present, account, and for the July account, 981 1.
-16kok Stock is rather heavy at 219 to 221 ; India
~„.Bkcir) 222 to 25 ; and the New Loan, 99k. The
~'"evir Threes are dealt in at 96i ; and the
at 961 . Exchequer Bills are
:11
"33. to 375. prem., and those advertised, 17s.
Prow.

The number of transactions recorded in the
4 oreign Stock Market has not been large, but
gllitotations remain steady. Turkish 6 per Cents.
ate 96i ; Spanish 3 per Cents., 45i ; ditto De-
ferred, 271 ;- Sardinian 5 per Cents., 92i ; Chilian
Per Cents 104 • Brazilian 4i per Cents., 100 i ;
13n •)
enos Ayres 6 per Cents., 831 ; Grenada Deferred,
; French 3 per Cents., 70f. ; Dutch 2i per
tents., 66i ; and Belgian 44 per Cents., 97k.
Messrs. D. Bell, Son, and Co., give the follow-
as the prices of American Securities

GOVEISNMENT SECURITIES.

Redeemable. Per Cent.
United Statei t per Cents. 1867-1868...101 105
United States 6 per Cent. Bonds 1868...105 106

STATE SECURITIES.
itle.bama 5 per Cent 7B
liontlicky 6 per Cent. Bonds 1868-1872... 91 93
Maryland 5 per Cent. (Sterling Bonds)... ... 91 9 t
teachnsetts 5 per Cent. (Sterl. Bonds). —lOOl- 101 i
Mississippi 6 per Cent. Pl. Bk.
-muds lB4l-1871...
illiaingsippi 5 per Cent. Union Bk Bonds ...
krullnealvanla 5 per Cent. Stock
vania 5 per Cent. Bonds .1877... 82 84
Tennessee 6 per Cent. Bonds
vrrpnia 6 per Cent. Bonds 1886... 83 84
trginia 5 per Cent. (Sterling Bonds) 1888... 82i 83i
LOANS OF CITIES.
'ton 41 1883... 90
ko per Cent. Bonds
ve. areal 6 per Cent. Bonds 1856-1865...
'"ew Orleans 6 per Cent. Stock 1883...
RAILROAD BONDS.
'nom Central 7 per Cent. Ist Mortgage,
zullot Convertible 1875... 81 83
Central 6 per Cent 1875... 79 81
Incas Central 7 per Cent. Freeland
dilon s 1860... 79 81
.14-411,(41 Central (Shares), $3O paid.... ... 14 d 12d
--"elLigan Central Bp. Cent., Convert 1860...
X "0- do. do. 1869... 84 86
Ilevr York Central 7p. Cent., Convert 1864... 93 95
evr York Central 6 per Cent., not
„Convertible 1883... 81 83
"e'w York and Erie 7 per Cent. 3d Mort-
gage 1883... 70 72
York and Erie 7 p. Cent. Convertible 1862...
4,
• York and Erie 7 per Cent. Sinking
Fund 1875...
/'au
ania 7 per Cent., let Mortgage 1865... 88 90
ezulaYlvania Central 6p. Cent.. lit M0rt.1880... 89 91
• A moderate amount of business has been done
in the Railway Share 'Market this morning, but
111 most instances a decline of kto per cent may be
quoted. Eastern Counties, Manchester, Sheffield,
and Lincoln and Midland declined ss. ; Great
Northern, Lancashire and Yorkshire, North-
Western and North-Eastern (Berwick), 10s. ; and
Caledonian and South-Western, 15s. The Foreign
and Colonial lines were very dull, and exhibited
little variation in values.
Joint Stock Bank shares were at steady quota-
12,1cms• London and County are dealt at 271, Lon-
‘;°ll and Westminster 441 45, and Union of Austra-
lia 46.
!'or the Miscellaneous shares there was scarcely
4°Y inquiry. Australian Agricultural improved
to 30, and Eastern Steam wore 3i.

PRICES OF FOREIGN FUNDS—THIS DAY.
(Prom the Official List 4
liank Stock
a 14r Cent. Reduced Annuities 96i i $ i
New
Cent. Consols Annuities 97i 8 7i
f 4 Z '
Stock Cent. Annuities 96i a
...India
'lndia Loan Debentures
• , Ditto Scrip
rrsohi fsis Account ... 97i
440hequer Bills, 2d. March. June.
.81000 33 7 I
—.
t5BO
Ditto Advertised 1
littlish FUNDS.—CLOSING PRICES—THIS DAY.
Itramiian 5 per Cent.
Ditto 1852, 4i per Cent..
knows Ayres Bonds, 6 per Cent. B3i
Ohilian Bonds, 6 per Cent lot
liquadorNew Consolidated l.4i
CArenade New Active, 2i per Cent. —
Ditto Deferred. si
Mexican :i per Cent 2oi
llertivian Bonds, 41 per Cent B6.
l'Jrtuguese Bonds, 3 per Cent., 1853
• ihrdinian Bonds, 5 per Cent.
• linvaish Rods, 3 per Cent.
... Ditto New Deferred, 3 per Cent.
wurkish Bonds, 6 per cent
Dividends on the above payable in London.
French Ilentes, 41 per Cent.
31 Po. 3 per Cent.. ex. 25 francs
B,,igiau 24 per Cent.; ex. 25 francs
Ditto 4i per Cent
1,4'4 Exchange Bonds, Cent., 12 Guilders 663/4 6
-arilylan Dollar 44 par Cent 66i
/111. ER O'CIOCK.
Consols, money 96; i
Consols account (June:3)
____.

PUNCEI KNOWLEDGE 01' TIM ENGLISH.—In announc-
Inig the fact that Sir John Pakington, the First Lord of
Ve Admiralty, intended placing vessels belonging to the
'Yal Navy at the disposal of men of science, should they
quire them for the purpose of proceeding to South
America to make ob.ervations during the great eclipse
°f the sun, which will be favourably observed in Peru
• and other neighbouring countries, the French scientific
i
ntnal, Cosmos, falls into a singular error. The editor
, A.bb4 Moigno, a highly cultivated man, and one
ti"e'° ha°, probably, a better knowledge of English sciett-
.e literature than nine-tenths of his countrymen, and
3',", from the mere remote resemblance that exists be-
- -19een the sounds of the names of Sir John Pakington
411(1 Sir Joseph Paxton, he commits the ludicrous
error
of attributing the creation of the Crystal
DP,acei of Hyde-park and Sydenham to the respected
Z'lttletnan who now rules the navy. " Sir John Paking-
d°, „3,11.", be says, "l'illustre crgateur du Palais cristal
liC4Ple-park et de Sidenham, d'un sentiment de
ralit4 alma spontanee qu Intelligente, a offert de
Placer des vaisseaux ?s la disposition de la science
Pour l'observation de la grand Eclipse de Septembre
th ehain,)! &c. The annotiocemeut is borrowed from
e London Athenceum, and the allusion to the palaces
mach. ,
• re„,,,,:ießit arose from a friendly desire to keep alive the
6t..-riection of an Englishman's renown. The oircurn-
'ee indicates, however, how little some of the most
"lieent
sun of our French friends understand of English"tY and English citizens.--Mechanics' Magazine.