The Sun.
London, England, 1858-01-15 00:00:00

MONEY MARKET

3.TD
COMMERCIAL INTETJ.TGENCE.

CITY, Two o'CLocK.

The Foreign and Colonial Produce Markets
during the last few days have exhibited consider-
able activity, the superior descriptions of sugar,
coffee, rice, and spices having in most instances
realised advanced rates. Tea has been quiet, at a
decline of about id. per lb. Plantation Ceylen
coffee has advanced is. to 2s. per cwt., and
for the finer qualities of Jamaica rum there
is an active inquiry. Saltpetre has been
firm, and at public sale higher rates were
obtained. For cochineal and drugs there has been
a rather better demand, and improved rates have
in some instances been realised. Oils have slightly
receded, as also tallow. P.Y.C., on the spot, are
now quoted 545. to 545. 3d. ; January to March
delivery, 545. ; and last three months, 51s. 6d. per
cwt. The imports &c., of sugar last year were as
follows :

1857. 1856. 1855. 1854.
Imported 221,109 224,437 20!,221 247,212
Delivered 204,761 222,400 233,907 221,125
Stock, Dec, 31 57,483 41,912 39,964 76,650
The Liverpool Cotton Market yesterday closed
with a dull appearance, and prices were unchanged.
The sales were estimated at 5,000 bales, 1,000 of
which were taken by the exporters. In the Railway
Share Market a better feeling was exhibited, and
♦alues of all the leading stocks were fully sup-
ported.
The amount of gold taken into the bank yester-
day was about 80,0001. per the Teviot.
The Joint Stock Banks have made a further re-
duction of 1 per cent. in the rate of interest allowed
for deposits, viz., to 3 per cent. The discount
firms are giving 3i per cent.
There is still a quiet demand for money in
Lombard-street, although the terms charged there
are, on the average, to 1 per cent. below the
new minimum. The improvement in the Bank's
resources will therefore continue, probably upon
the same rapid scale as of late, and most persons
consequently anticipate a further reduction in the
official charge.

The Bank of France return just issued is con-
sidered favourable, but the demand for money has
evidently increased.
The half-yearly meeting of the London Discount
Company has j ust been held—Mr. Alderman Phillips
in the chair. The report stated that the earnings of
the half-year had been 14,2161, equal to about 2i
per cent., but the directors recommended this
balance to be carried over to the next half-year's
account, the capital of the proprietors remaining
-intact. After some discussion, the report was
adopted.
. At the meeting of the Unity Bank held to-day,
Mr. M echi in the chair, a report was presented,
showing a profit of 8,0381. 11s. 10d. since the last
meeting, yet this sum was not available, being
exceeded by the current expenses ; but the directors
hoped that the improved management would have
• a surplus profit by the next half year. There was
a balance of cash in hand of 50,0001. out of the paid-
up capital of 150,0001. The report was adopted.
Owing to the news from Paris, recording the
. attempt made upon the life of Louis Napoleon, the
Funds at the commencement of business were
heavy, but there has since been a rally, in conse-
quence of a purchase of 200,000/. stock by a leading
broker. The business transacted has been rather
limited. Consols for money have been 941
and 941 ; for account they have been 941
and 941 95. The present quoations are 941 1
and 941 respectively, being flatter. The New
3 per Cents. are marked 941 95, and the Reduced
94 I. Exchequer Bills are 20s. premium, and
the Bonds 100. Bank Stock is 222 to 224. India
Bonds are 10s. to 15s. premium.
Foreign Securities have not bee* dealt in to any 20
material extent, but there is no particular variation 20
in prices. Turkish 6 per Cents. are 981 being 00
heavy, and the 4 per Cents. 1044. Brazilian p_
5 per Cents., 1011 ; Austrian 5 per Cents., 914 ;
Buenos Ayres 6 per Cents., 96 ; Mexican 3 per
Cents., 201 ; Portuguese 3 per Cents., 44f ;
Spanish 3 per Cents., 41i ; ditto Passive, 51 ; and
Dutch 4 per Cents. 991.
The following are the nominal prices of Foreign
Stocks :—Greuada Deferred Bonds, 51 6; Mexican,
2011; Peruvian 41 per Cents., 771 84 ; Ditto 3 per
Cents., 53 55 ; Portuguese 3 per Cents., 44 45 ;
Russian 5 per Cents., 108 110 ; Ditto, 4/ per
Cents., 98 100 ; Spanish 3 per Cents., 41± 411;
Ditto New Deferred, 251 26 ; Ditto Certificates,
—; ditto Passive, —.
Messrs. D. Bell and Son give the following as
the prices of American Securities :

GOVERNMENT SECURITIES.
Redeemable. Cent
United States 6 per Cents. 1867-1868... Per
104
United States 6 per Cent. Bonds 1868...102 105
STATE SECURITIES.

... 78 - 18
...88 90 20
...36 96 100
100

Alabama 5 per Cent
Maryland 5 ner Cent. (Sterling Bonds)...
Massachusetts 5 per Cent. (Sterl. Bonds).
Mississippi 6 per Cent. Pl. Bk.
Bonds lB4l-1871... 40 42
Mississippi b per Cent. Union Bk Bonds ... 20 2
Pennsylvania 5 per Cent. Stock
Pennsylvania 5 per Cent. Bonds '877... 79.
Tennessee 6 per Cent. Bonds
Virgin'a 6 pe: Cent. Bonds 1886... 79 81
Virginia 5 per Cent. (Sterling Bonds) 1888... 80 82
LOANS OF CITIES.
Boston 41 per Cent. Bonds 1883... 83 Ca
blontmeal 6 per Cent. Bonds 1856-1865...
New Orleans 6 per Cent. Stock 1883... ---
RAILROAD BONDS.
Illinois Central 7 per Cent. Ist Mortgage,
not Convertible 1875... 82 £4
Illinois Central 6 per Cent 1875... 82 84
Illinois Central 7 per Cen:;. Freeland
Bonds 1860... 82 84
Central (Tiares), $3O paid ... 7 d 5 d
Michigan Central 8 p. Cent., Convert 1860...
Do, do. clo. ....... 1869... 88 SO
Now York Central 7p. Cent., Convert 1864... 90 93
New York Central 6 per Cent., not
Convertible 1883... 83 85
New York and Erie 7 per Cent. 3d Mort-
gage 1883... 73 75
N. York and Erie 7p. Cent. Convertible 1862... 40 42
N. York and Erie 7 per Cent. Sinking
Fund 1875... 15 CO
Panama 7 per Cent., let Mortgage 1865... --
Pennsylvania Central. 6p. Cent., Ist Mort 1880... 84 86
The transactions in the Railway Share Marko
to-day have been numerous, and in several of the
leading lines an advance of about per cent. has
taken place in values. East Anglian, Edinburgh,
Perth, and Dundee, Great Western, and Lanca-
shire and Yorkshire improved ss. to 10s. Great
Northern and North-Western, 11., and Brighton,
1/. 10s. ; Caledonian, North-Eastern (Berwick),
and South-Eastern were rather lower. The Foreign
and Colonial lines are inactive, and prices are
steady.
Joint-Stock Bank Shares are in rather better re-
quest. City Bank improved 11., London Joint-
Stock 11., and South Australia 1/.
The Miscellaneous Market is inactive, no change
of any importance having taken place in quotations.

FENDS THIS DAY AT ONE O'CLOUK
( From the Official List;)

Bush-lees done.
Hank Stock
3 u,er . out. Eteduced AntiultI6E
3 per ileut klonoobi ,knnuntiot , 94.;', 4
New 3 per Cont. Annuities ... 944 5 4i 5
Lod; Annuities, expire sth Jan. 1860 2 1-16
ladia clouds, 1:10od .., ....... ......... -
• litto, under £lOOO 5 15 p
GIILSOIs for account,
Er:hecttzer I,IIIN z Id.
41000. 2O p
~Z.dt,
S usil
1 Exchequer clouds, 1655, :t per Cent lOO
iOitto, 1859
PR ()ES OF FOREIGN FUNDS Al ONE O'CLOCK
tanstrian Bonds, 5 per Cent.
B Cal- Ilan o per Cala.
Buenos Ayres Bonds, 96
ti per Cent.
Mexican 3 per Cent
Portuguese Bonds, 5 per Cent., Con. 1841 --
Ditto 18b 3, 3 per Cent
Bp Insh co..its, .; 41i
per cent.
Ditt,. Passive
Tarkieh Bonds, 6 per cent -
Ditto Account
thtto Guaranteed,. 981 4 i
4 per Cent.
Dividends on the above payable in London.
Dutch Exchange, 2: it por Cent., 12 Guilders
Do. 4 per Cent. Certificates .........
TWO O'CLOCK.
Console, money
Consols for account ........................ 94g i