The Sun.
London, England, 1858-10-01 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

During the last few days there has been little
activity exhibited in the Foreign and Colonial Pro-
duce Markets, and in some instances prices have
slightly receded. Tea, at auction, sold readily, at
an advance of about id. per lb. Speculators have
deferred their operations, however, until after the
arrival of the overland advices. The better qualities
of sugar have been dealt in to a very limited extent,
chiefly for home consumption, and in a few instances
prices have declined about 6d. per cwt. Coffee has
been firm, more particularly good qualities of Plan-
tation Ceylon, which have shown an upward ten-
dency. Rice and rum have not varied to any mate-
rial extent, and for fruit only a moderate inquiry
has been experienced at slightly reduced quo-
tations. Saltpetre is in fair demand, and
the finer descriptions have been actively in-
quired for, at an improvement of about
Is. 6d. to 2s. per cwt. Cochineal continues steady,
and indigo remains quiet but firm; parties post-
poning their operations until the commencement of
the public sales on the 12th inst. Tallow has
,been
dealt in to a larger extent, and prices have ex-
hibited little fluctuation. P.Y.C., on the spot, is
quoted 495. 6d., last 3 months, 495., and spring de-
livery, 495. '3d. to 495. 6d. per cwt.
Accounts from Liverpool report that the Cotton
Market yesterday closed firmly, and prices were
fully maintained. The sales were estimated at
8,000 bales. The Railway Share Market presented
a steady appearance, at about former quotations.

The accumulation of bullion at the Bank is
retarded in consequence of the absence of Aus-
tralian arrivals. In the course of a few days,
however, further supplies will doubtless be received.
The Suffolk has now been 89 days at sea with
£320,000, the Sultana 97 days with £162,000, and
the Ocean Chief 78 days with £190,400.
The following arrivals have been announced this
morning, viz., the Sultan, from Alexandria, with
£1,600 ; the Fulton, from the United States, with
£40,900 ; and the Tamar, from the Brazils, with
.£17,000.

The silver market continues quiet, and bars are
quoted ss. ld. per oz. standard, and dollars 4s. Hid.
per oz. standard.

The prospectus of -a new company has been
issued, entitled " The Intercolonial Royal Mail
Steampacket Company," with a capital of £125,000,
which will no doubt command the attention of the
public. The object of the proprietors is to estab-
lish 'a monthly mail service between Sydney and
the principal ports of New Zealand, a contract
having been entered into for that purpose with the
Lords of the Admiralty for ten years, with a sub-
vertion of £24,000 for the first four years, and
22,000 a year for the remaining six years. The
trading character of the company, and the privileges
afforded by the Government will no doubt render
this a profitable undertaking, if judiciously managed.
It appears that three vessels have already been
dispatched with full cargoes and a full complement
of passengers, and a fourth is to be dispatched
during the present month. Looking at the present
abundance of money, and the low rate of interest,
there is no doubt that trading enterprises of this
bona fide character will meet with the ready sup-
port of the investing public.

The English Funds opened buoyantly, but owing
to sales by speculators, who were desirous of
securing their profits after the late advance, there
has since been a decline of k per cent., Consols
being 9811 for money, 981, sellers, for the 12th
inst., and 98i t for the November account. The
New 21 per Cent. Annuities are firm at 821 to 821 ;
India Loan Debentures, 99'4 ; ditto Scrip, second
issue, 994 to 992-; and ditto Bonds, 15s. prem. ; the
March Exchequer Bills, 38s. prem.; and Tune
ditto, 255. to 28s. prem.

Increased animation is apparent in the Foreign
Stock Market, and prices are firmer. Turkish
.6
per Cents. are 971 98 ; ditto New Scrip, 1 prem. ;
Spanish 3 per Cents., 461 ; ditto Deferred, 30 8 ;
ditto Certificates, 61 ; Mexican 3 per Cents., 211 ;
Portuguese 3 per Cents., 47 ; Russian 41 per Cents.,
100+ ; Sardinian 5 per Cents., 931 94; Brazilian 41
per Cents., (1858), 961- 98 ; Dutch 21 per Cents.,
661 ; and ditto 4 per Cents., 1001 d ex. div.
According to Messrs. D. Bell, Son, and Co., the
following arc the prices of American Securities :

Redeemable. Prices.
Milted States 6 per• Cents 1867-1868 104 105
Do. 6 per Cent Bonds
Alabama 5 per Cent, Bonds — 78
Kentucky 6 per Cent. Bonds lB6B-72 91 93
Maryland 5 per Ct. Str. Bonds 94 95
Massachusetts 5 per Cent. Str.
Bonds
Ohio 6 per Cent. Stock lBB6 95 97
Pennsylvania 5 per Ct. Stock — 79 81
Pennsylvania 5 per Ct. Bonds 1877 84} 'Bsi
Tennessee 6 per Cent. Bonds. , Divers 80 82
Virginia- 6 per Cent. Bonds
Virginia 5 per Cent. St. Bonds 1888 •83 84
Boston 49 per Cent. St. Bonds
Illinois Central 7 per Cent.
Illinois Central 7 per Cent.
Illinois Central 6 per Cent
(Freelands)
Do. shares, 60 dols. paid
Michigan Central 8 per Cent 1869 86 88
Do. do. shares
New York Central 6 per Ct.,
not convertible .
New York Central 7 per Ct ,
convertible, from June 15,
1857-59
Do. do. shares
New York and Erie, 7 per Ct ,
3d mortgage
New York and Erie 7 per Ct ,

1864

1833
1362
1875

convertible
New York and Erie, 7 per Ct ,

sinking fund
Do. do. shares
Panama 7 per Ct., Ist mort-
gage Str.. Bonds, not cony..
Do. do., Ist.. do.
Pennsylvania Cen. 6 per Ct.,
Ist n;kortgage, convertible
till 1860