The Sun.
London, England, 1858-01-12 00:00:00

MONEY MARKET

nib

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Notwithstanding the improvement which is now
apparent in the manufacturing districts small
failures are of frequent occurrence, and although
individually the liabilities are small, they amount
to an important sum in the aggregate. This state
of things was anticipated, and although many fresh
disasters may take place for some time to come,
they will not impede the general recovery, which
will be secured by the increasing easiness of the
money market. Among the suspensions recorded
during the last few days are those of Messrs. Arthur
and Co., warehousemen, of Glasgow, and Messrs.
S. Broom, of Stourford and Kidderminster,
worsted spinners, but in neither case are the lia-
bilities of an extensive character.
Accounts from Liverpool state that the Cotton
Market yesterday closed heavily, and values of
most descriptions were lower. The sales were
estimated at 6,000 bales, 500 of which were taken
by the exporters. The Railway Share Market
manifested a quiet appearance, and prices were
without any material alteration.
Business in the Foreign and Colonial Produce
Markets during the last few days has been active,
and advanced rates have, in some instances, teen
realised. For sugar, of good grocery qualities,
there has been some enquiry, but the inferior de-
scriptions have been quiet. In the Refined
Market prices are firm, owing to the scarcity of
dried goods on offer. For coffee there has been an
active enquiry, and full rates are current for good
coloury qualities of Plantation Ceylon. Tea
has been firm, and common congou has
Advanced to 131 d. per lb. For rice, rum,
and fruit there has been some enquiry, and in the
latter article the common qualities of currants are
in demand at an advance of ss. to 63. per cwt.
Saltpetre has been actively enquired for, and al-
though the stocks on hand are- large full rates are
current. The indigo market continues very firm,
some small lots have been disposed of at an advance
of 4d. to 6d. per lb. on the rates current at the last
October sales. Tallow is quiet, P. Y.O, on Ali! spot
is quoted 55e., January to March, 545. 6d., and
March delivery 555. per cwt.
There was a decline of about k per cent. on the
Paris Bourse yesterday, the 3' per Cents. being 70f.
for money, and 70 25 for the account.
Gold continues to pour into the Bank vaults.
Yesterday nearly 200,0001. was taken in,-and the
155,0001. received from America by the Canada
will no doubt follow.

A. prospectus has been issued of the Great
Southern of India Railway Coinpany, the object of
which to is afford railway communication south of
the existing Madras Railway; including-• the pro-
vinces of Tanjore, Tritchinopoly, Madura, Tin-
navelly, Coimbatore, Salem, and Travancore. The
capital required is one million, and as all Indian
investments are now in special favour, there
can be no doubt that the whole amount will
be placed without difficulty. It is expected
that a guarantee of 5 per cent. will be obtained
from the East India Company, and that
the undertaking in fact will be put on the same
footing as the other Indian companies. The mu-
tiny and its melancholy results will induce the
authorities to expedite the formation of all public
works, and especially railways, which will not only
promote the development of the resources of the
empire, but no doubt also prove remunerative to
the companies by whom they are constructed.
At the London and Greenwich Railway Com-
pany's meeting to-day a dividend of ss. 4d. per
share was declared.
The demand for money is quiet, and accommoda-
tion can be obtained on good security at 5 per cent.
On the Stock Exchange also the terms are moderate,
varying from 2k to 2i per cent. for short loans.
There has been more activity in the market for
English Securities to-day, but sales having prepon-
derated, the quotations have been weaker. An
increased supply of money stock has been brought
forward, and has hada depressing influence. Consols
were 94f / for money, and 94 for account, but
they are now 941 a and 94i respectively. The
New Threes are 94 ; the Reduced, 948 1 ; and
5 per Cent. Annuities, 111/. Exchequer Bills are
15s. prem., and Ditto Bonds 994 a.
The Foreign Market is moderately active, but
although there has not been much variation in
prices, they are generally flatter. Turkish 6 per
Cents. are 961 to 97f, and the 4 per Cents. 104 ;
Mexican 3 per Cents. are 20k ; ; Peruvian 4i per
Cents., 78 ; ditto 3 per Cents., 53 ; Danish 5 per
Cents., 100 ; Sardinian 5 per Cents., 88} ; SpaniA
New Deferred 251 ; Belgian 2i per Cents., 541 ;
Dutch 2i per Cents., 641 ; and ditto 4 per
Cents., 99.
The following are the, nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 51 6; Mexican,
20f ; Peruvian 4/ per Oents., 78k 94 ; Ditto 3 per
Cents., ; Portuguesii 3 per Cents., 44 45 ;
Russian 5 per Cents., 108 110 ; Ditto, 4i per
Cents., 98 100 ix div. • Spanish q 3 per Ceiits., 41i ;
Ditto New Deferred, 25i 26i ; Ditto Certificates,
—;Ditto Passive, —.

The Railway Share Market this morning has
, been active, but most of the leading lines dealt
in have declined about to 1 per cent. Edinburgh
and Glasgow, Gt. Western, Brighton, N.-Western,
S.-Western, Midland, and South-Eastern each de-
clined 10s. ; Caledonian, 15s; Chester and Holy heat],
and Eastern Counties, V. Most of the other English
lines were a fractio❑ lower. The Foreign lines were
dull. Eastern of France declined 10s.; Sambre and
Meuse, 65.; Pernambuco, bs. ; and Great Luxem-
bourg, si. The Coloniil undertakings very de-
pressed. Grand Trunk of Canada receded 31. ;
Great Western of Canada, 10s. ; and East Indian,
1/. 10s.
Mining Shares were inactive, and exhibited no
variation of importance.
For Joint Stock Bank Shares there was some
inquiry. Oriental Bank improved ss. ; Union of
Australia, ss. to 10s. ; and the New Shares, 1/.
In the Miscellaneous Shares no change of im-
portance can b 9 reported. „

BRITISH FUNDS.—CLOSING PRICES—THIS DAY.
(From the Official Lizt:)
Business done.
per Cent. Reduced Annuities
S per Cent. Consols Annuities 94,i
$
New 3 per Cent. Annuities 94i A
5 per Cent. Annuities lll.
India Stock
()Jowls for Accouto , Feb 4
Eirtriever Pills, .44d,
£lOOO
..•.••
tsou
S apt!
15 p
Exchequer Bonds, 1858, :3i per Cent 9P
Ditto, 11159
PRICES OF FOREIGN FUNDS—THIS DAY.
Austrian Beads, 5 per Cent.
Braz_thtu 5 per Cent.
Ditto 1852, 4i per Cent.
Danish Bonds, 3 psi Cent., 1825
Ditto 5 per Cant.,
Mexican .3 per Ueut"
ta Oitto Account
Peruvian Bonds, 4i per Cent
78 6i Ditto 3 per Cent ...
P •
eituguese Bonds, 5 poi Cent.,
Ditto 18:13, 3 per Cent
18415
Russian Bonds, 1622 45
Sardinian St , 5
Sardinian Bonds, 5 per Cent._ I)9A 9
Ditto Account
per 'Cent. ... 88
strnish 'Solids, 3 per ......... .................
87
lUDitto New Deferred, 3 per .. .... ************ -
Ditto Account ............ C•
'lou/hp b per cent,
ow' Ditto Account
Ditto Guaranteed, per cont. ..
Ditto Account
DiTtdends on the abov
e •payable in London.
Belgian 23 per Cent., ea. 25 francs
Dutch Exenang,, 23 per Con;., 12 Guilders 64
Do. 4 per Cent. Certificated
-- 99
PIItEE O'CLOCK.
.jonsolg, money
Ditto account (February 4)

EXECUTION or JOEIN BEALE.—This morning John
Beak wag publicly executed in front of Taunton Gaol,
fur the murder of Charlotte Pugsley, at Long Ashton,
near Bristol.

NEW QCrEEN'S COUNSEL—The following gentlemen
yesterday took their seats within the bar as Queen's
"Imßel:—Mr Bazalgette, Mr. Shapter, Mr. Toiler,
Mr. Greene, Mr. Golds Mr. A blett and
rd
Fle llll
r"
•
Fleming.

SURREY ARCEMOLOGICAL .SOCIETY.—The Council of
this society have fixed that the summer congress of its
member:, shall be held at Farnham, and have resolved
to invite the Bithop of Winchester to preside Cu the
°melon.

LAW INTELLIGENCE.--(This Day.)

COURT OF CHANCERY.
(Before the Lord Chancellor.)
YIILLRR V. MORGAN.

This was an appeal from a decree of Vice-Chancellor
Stuart.
The contentious point was whether a judgment credi-
tor for 4001. was entitled to rank upon three mortgage
properties rateably with the mortgagees, and whether
the mortgagees were bound to reeoupe and pay to the
judgment creditor a rateable proportion of the rents of
the mortgage property received by the mortgages since
the date of the judgment.
The Lord Chancellor was of opinion that the judg-
ment creditor was entitled to rank rateably on all the
three mortgage properties of the defendant, and to re-
ceive payment of his debt rateably with the mortgagee,
and with this variation of the Vice-Chancellor's decree,
remitted to the Master to inqnire and settle the rate of
payment to the judgment creditor, and didmissed the
appeal with costs, as costs in the cause.