The Sun.
London, England, 1858-09-20 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

The accounts received from the various manu-
facturing districts are of a satisfactory character.
The iron trade of South Staffordshire has not been
active, but stocks in the hands of dealers are light,
and there is every prospect of a speedy revival of
business. In Birmingham the hardware trade has
shown symptoms of improvement, and in most of
the fancy trades of the district there has been
more activity than for some time past. The
woollen cloth trade at Leeds had exhibited
increased , activity, and large dealings have been
entered into in both heavy and light fabrics. The
demand for cloths suitable for China has been
exceedingly active. Prices were firm, and owing
to the upward tendency of the raw material there
was every prospect of an advance in values. At
Bradford wools of all descriptions were at full
values, and a fair amount of business has
been done in piece goods. Most of the mills
in the neighbourhood were working full time,
and the operatives were well employed. Worsted
yarns were in increased demand, and at rather
higher rates. Business at Manchester continued
very active, and the advance noticed in our last
report has been fully maintained. The demand
for cloths suitable to the Indian and Chinese mar-
kets has been active, and a considerable amount of
business has been done in goods suitable to the
American markets. The hosiery business at Lei-
cester continues active. Stocks are generally very
low, and the demand for home consumption shows
a satisfactory increase. At Nottingham more acti-
vity has prevailed, the lace trade indicating
an improvement. The hardware and cutlery trades
at Wolverhampton and Sheffield continue mode-
rate, the demand being chiefly for the American
and German markets.

In the Liverpool Cotton Market, on Saturday, a
moderate business was transacted, at previous
rates. The sales were estimated at 10,000 bales.
The Railway Share Market closed firmly, and
prices tended upwards.

Beyond an occasional change of a or 1 per cent.
in the terms of accommodation, and a little increase
or diminution in the demand, the general position
of the Money Market is perfectly undisturbed. The
periodical instalments on account of loans, and
the monthly commercial payments, combine to
stimulate the inquiry for discount whenever
they hive to be completed, but the effect is transi-
tory, and monetary affairs quickly settle down into
their previously quiet condition. It is not
supposed that the engagements having to
be provided for during the remainder of the
Year, although numerous and extensive, requiring
in the aggregate several millions sterling, will
Create the slightest degree of stringency, and
indeed the balance of opinion is on the contrary,
or rather in favour of continued easiness and
abundance. Some go as far as to contemplate
a reduction, owing to the rapid accumulation of
specie, and the improbability of any sudden return
of pressure that would necessitate the reversal of
that measure if adopted. The impression, moreover,
is strengthened by the fact that the position of the
establishment is nearly, if not quite equal to, what
it has been on former occasions, when the minimum
has been adjusted at 21 per cent.

The specie arrivals announced to-day comprise
£20,250 by the Canada, and £17,500 by the City
of Baltimore, both from the United States.
There is still an absence of activity in Stock Ex-
change circles, and the, business of the week has
commenced with a very dull appearance. The
settlement in the New Turkish scrip to-morrow,
find the payment of the Indian Loan instalment, are
chief objects of attention to-day. With regard to
the latter, however, it is supposed that the nume-
rous subscriptions made in anticipation when the
last payment was made, will render the present
operation of comparatively little importance.
The market tor Public Securities opened with
dull appearance, and prices were a shade flatter,
but increased firmness is now visible, and the ten-
dency is upwards. There can be no doubt that the
Vresent position of monetary affairs, especially as
regards the specie movement, will force vallies still
higher, unless some unfavourable contingency should
occur to create uneasiness. Consols have been
971 4 for money, and 971 1, for account.
They are now 971 I and 97. I respectively.
The New 21 per Cents. are 81 82 ; India Deben-
tures, 981 ti ; the June Exchequer Bills, 245. to
258. prem r- and the March ditto, 355. to 375. prem. ;
India Stock is 216 to 2161. _ _

A fair amount of business has been recorded in
the Foreign Market. Turkish Scrip dropped to
dis. to par ; the Old 6 per Cents. are 961 97 ;
and the 4 per Cents., 1041 ; Venezuelan Bonds
have risen to 403 ; Spanish 3 per Cents., Deferred,
29H ; Russian 43- per Cents., 1004 ; Peruvian 41
per Cents., 911 92 ; and Buenos Ayres, 78.
'Business in the Railway Share Market this morn-
ing has been moderately active, but prices have
been flat, a decline of about 1 to 2 per cent. haxing
taken place in most of the principal lines. Caredo-
nians, Eastern Counties, Great Northerns, Man-
chester, Sheffield, and Lincoln, North British
and North Eastern (Berwick), declined 55..
Great Western and Midland, 10s., and
north-Western and South-Eastern, 10s. to 15s.
The Foreign and Colonial lines have been rather
firmer. Paris and Lyons improved 10s. ; and
Grand Trunk of Canada, ss. ; Great Western of
Canada and East Indian have been at about previous
values.

Joint Stock Bank Shares have shown a further
depression. Bank of Australasia have receded 10s.,
London and Westminster, 55., Ottoman Bank, 10s.,
Union of Australia, 10s., and Union of London
about ss.

In the Miscellaneous Market the transactions
have been unimportant, and prices are almost
ho

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
4,yer Cent. Consols Annuities
New 21 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth Jan., 1880 l4
India Stock
Ditto Scrip, 2nd issue 9B
Consols for Account
March?

J line.

Exchequer Bills, £l,OOO, 2d. &11d
Ditto tioo,
Ditto Small, lid.
Ditto Bonds, 1858, 31 per Cent
uitto, 1859 lOOl
?RICE OF FOREIGN FUNDS AT ONE O'CLOCK
Buenos Ayres, 6 per Cent.
, Ditto Account
eeruvia.n, 4 per Cent.
Ditto Account
Ditto 3 per Cent .
Ditto Account
Portuguese, 1853, 3 per Cent.
Ditto Account
It. issian, 1822, £ St., 5 per Cent —
Ditto 41 per Cent.
kmnish 3 per Cent
Ditto New Deferred, 3 per Cent. —
Ditto An3ount • • - 291 it I
Tarideh, 6 per Cent. -
Ditto New Loan Scrip par / d
Ditto Guaranteed, 4 per Cent.
Ditto Account
Venezuela, 5 per Cent.
Dividends on the above payable in London.
TWO O'CLOCK.

37 5

Consols, Money '
Ditto Account 97i ±

CAPTAIN HUDSON OF THE UNITED STATES
PILIGATE NIAGARA.-At a reception given to Captain
Icludson in New York, he spoke as follows:—" I arise here
to make an apology, as best I may, in behalf of myself and
officers of the Niagara. We claim to have done nothing
but our duty, and we are not alone in this ; names you sec
around you on the wall, known so well in the English navy.
having taken their share in the great work ; and the Queen
You have just toasted has been the foremost of the Atlantic
officers. The very best feeling prevail.; in England ;in
fact, more favourable towards Americans than we imagine.
Yes, I'll assure you thao there is no distinction in this great
enterprise, save that we have all done our duty. There
may, gentlemen, be a little jealousy of America, which is
like the same Jealousy of the 'widow woman toward her
daughter., All did their duty ; and in justice to Great
-uritain we are in a measure indebted to her in laying the
cable ; and I would say here that thessuccess of accomplish-
log the great work is not altogether confined to man, but
to the Ruler of the Universe. of which we have evidence in
and around us. Unto Him, and not to us, be all the
Praise."
CITY OF LONDON REGISTRATION.—This morn-
ing, Thomas M. Christie, .Esq., the revising bar •
hater for the City of London, opened his court for the
urpose of revising the lists of the livery and householders.
the former there was one claim and 176 object ions. The
Preliminary business was to receive the lists of the parishes
.4,,nd livery from the secondary, who w as represented by
°lr. Pine. Mr. Sidney Smith and Mr. Hedges appeared
211 the par of the Liberals - the Conservatives not being
celkesentel, The revision Will commence to-mot Tow. y.