The Sun.
London, England, 1858-08-09 00:00:00

MONEY MAI,KET AND CITY NEWS.

------- --

CITY, Two O'CLOCK.

The adviccs from most of the ma,uf‘cturing
districts state that during the past week business
has been rather active, and fnlly late rates have
been supported for most decerip'iong of textile
fabrics. The Iron Trade of South Staffordshire,

however, has been dull, and a reduction of lOs

per ton has taken place in the value of goods
suitable for the American markets. At Birming-
ham a fair amount cf business has been done
in the various fancy trades of the district. At
Leeds the demand for middle qualities of
cloth was active ; a large quantity of heavy goods
has also been disposed of for the autumn and winter,
chiefly for the American market. The various mill',
in the neighbourhood are actively employed, and
are in most instances working full time. At Brad-
ford there has been little alteration to noticc in piece
goods; a steady demand bas been apparent for both
home use and for exportation in heavy goods suit-
able for the autumn. Business at Hudder,field is
steady. At Manchester the demand for goods suit-
able to the Indian markets has been moderately ac-
tive. Yarns for the Continent are in good request,
and purchases in cloths for the home trade have been
made to a fair extent.

At Leicester the hosiery trade continues active,
and for plaid goods there is a decidedly improved
demand. The fancy branch is moderately active,
and at full values. The lace trade of Nottingham
continues dull; some demand, however, has been
experienced for the American market, and manufac-
turers are for the most part employed on orders not
yet completed. The hardware trades at Sheffield
and Wolverhampton have been very quiet, with
little variation to notice in values.

The Cotton Market at Liverpool on Saturday
closed with more animation, 10,000 bales having
been disposed of at very full rates. The Railway
Share Market presented a very firm appearance,
and quotations were unaltered.
Not the slightest change of importance can be re-
corded in monetary affairs. They continue quiet and
easy. Although a large amount of capital has recently
been brought into use, which had for months previ-
ously remained idle and unproductive, the supplies
have not appeared to diminish, and the terms of dis-
count are unaltered. When, however, it is recol-
lected that before the late crisis commenced upwards
of 40 millions of money was deposited with the joint-
stock banks, the extraordinary abundance now, trade
having in the interval been protracted, can excite
little surprise. It will require a further considerable
diversion of capital, with an absorption also for com-
mercial purposes, to create a permanent influence
upon the discount market. The larger importation
of gold neutralises in some degree any temporary
increase of the demand, but the variations from day
to-day, both in the description of bills offered and
the rates at which they arc negotiated, are too triyial
to call for a special notice.
The arrivals announced to-day include the Canada,
from Boston, with £250, and the Armenian, from the
West Coast of Africa, with £7,600. in specie.
It appears that the recent stoppage of Messrs.
Hyde, Hodge, and Co., in the timber trade, has
caused considerable anxiety among other firms simi-
larly engaged, and very unfavourable rumours are
still in course of circulation. Unless great caution is
exercised, and unnecessary alarm is allayed, some
further disasters may occur. The serious deprecia-
tion which has affected this particular interest adds of
course to the feeling of apprehension caused by
the . late failure, for any firm holding large
stocks, if compelled to realise, would only do
so at a great sacrifice. It is sincerely hoped,
therefore, that this unsatisfactory state of things will
not be exaggerated by an excess of apprehension, nor
by the . circulation of extravagant rumours and
opinions.
The accounts from New York state that although
the exchange had risen to 1095 to 110, it was not
expected that the exportation of specie would con-
tinue on a large scale. On the 26th ultimo the
stock of bullion held by the City Banks was
£7,103,500.
The advices from Australiia are generally very
favourable with respect to the yield of gold, and the
progress of commerce. The receipts of gold by
escort were about equal to those of the previous
year. The great event of the month of June was
the commencement of the railway works, in conse-
quence of the raising of the £700,000 loan.
According to the last return, the popula-
tion of the colony was 469,367 souls, and
the Chinese population amounted to 34,874. As to
the Money Market it had remained almost without
fluctuation since the departure of the last mail. The
exports and imports for the current year were nearly
equal as regards value. Complaints were still made
of the overstocked markets, and the effect on prices,
but the state of trade was evidently improving.
Some remarkable discoveries had been made at the
gold diggings, and a monster nugget had been found
at Ballarat, weighing 2,217 ounces, the largest yet
discovered ; it belonged to the Red Hill Alining
Company, which consistsof 22 working partners.
Increased firmness is perceptible in the English
Funds to-day, the operations having caused an
advance of sto 4 per cent. This renewed buoyancy
is attributable to the favourable progress of affairs,
and the encouraging prospects of the harvest, and of
commerce. A conjunction of satisfactory influences
is at work just now to impart strength to the various
markets. Consols for transfer have been 96 and
96,3 ; for the account they have been 964 5, and
96H. The New 3 per Cents. are 971 -ge and the
Reduced 97 to 971. Bank Stock is 227 to 228 ;
India Debentures are marked 98, Do. Bonds 15s. to
19s. prem., and the June Exchequer Bills, 21s. to
255. prem.
In Foreign Securities a large amount of business
has taken place, and the quotations, in most in-
stances are well maintained. Turkish 6 per Cents.
are 971 1 ; ditto 4 per Cents., 104; Y ; Spanish De-
ferred, 91, ; and the Certificates, 5.1. Russian 5 per
Cents, are 1131, ditto 41 per Cents., 100 ; Mexican,
21 ; and Peruvian 41 per Cents., 891 ; Venezuela
are firm at their late improvement, being 411 for
the Fives and 16 for the Deferred.
The Atlantic Telegraph Shares are about 900 to
920, and the Red Sea are supported at 4 prem.
A rather active business has been done in the
Railway Share Market this morning, and a further
advance of about 4,- to 1 per cent. has been estab-
lislnd on most of the principal lines. Eastern
Counties, Midland, and North-British improved 55.;
North-Western, South-Western, North-Eastern
(Berwick), and South-Eastern, 10s. ; and Caledonian,
Great-Western, and Lancashire and Yorkshire, 1 ;
Brig ton have declined about 15s. In the
Foreign and Colonial Market the dealings have '
been limited. Paris and Lyons improved 5 ; and '
Lombardo-Venetian, 54.; East Indian advanced 55.;
Grand Trunk of Canada, ss. ; and Great Western
of Canada, ss.
Joint Stock Bank Shares hare been quiet. Lon-
don and County have improved 103; London and
Westminster, ss. ; and Union of London deAined
10s.

In the Miscellaneous Share Market there is little
alteration to report. Canada Land Shares improvcd
tn. 1191 ' Peninsular and Oriental Steam to 81.
Consols (Money) 96 11-16; ditto Account; 96
13-16.

EXTRAORDINARY CASE.—COMMITTAL OF AN OPU-
LENT FARMER FOR SHEEPSTEALING.— At du? petty
sessions for the New Inn district of Glamorganshire, on
Friday, a considerable amount of interest prevailed in con-
sequence of Mr. Rees Jones, a highly respectable farmer,
renting lands at Ystradyforlarg, having been brought up on
charge of stealing a lamb, the property of a neighbouring
farmer, Mr. Thomas Joseph. It appeared from the evidence
that Mr. Joseph is a somewhat extensive flockmaster, hay-
ing upwards ef 1,100 sheep and lambs on his farm. The
!ceased, Mr. Rees Jones, also owns a goodly number. Lat-
terly Rees Lewis, Mr. Joseph's head shepl erd, has mis4ed
from his flock four or five lambs, and as they were all marked
With the distinctive mark which his flock hear, and by which
they are well known by the various flockmasters of the district,
It was known that they could not have strayed, but must
have been dishonestly abstracted. Inquiries were consequently
Made, and the other farmers of the neighbourhood were
Of course upon the look-out. Amonsst the others was Mr.
William Morgan, who occupies the Tynewyld farm, which
irnrned4aiely artjoins that ranted by the prismcr, and on
Wednesday he saw one of Mr. Joseph'.: lambs on the
rrisoner's ground. A day or too previous Mr. Morgan had
Been the same lamb at a short distance from the houcdary
of the prisoner's premises, and at that. time "the ardinal,
which was running with the ewe, bore Mr. Joseph's mark,
which was very plainly disclosed, and must have been seen
by any one. When I,e aftewarda saw the lamb on Mr.
Jones's land, the mark which distinguished Mr. Joseph's
flock, and which was of pitch, had been removed, an
operation which must have occasioned some trouble, and
n middle ma'k of the same description as that which
the prisoner's flock bore substituted. Knowing that
rthe lamb could not have strayed on to the prisoner'.
farm by accident, at there was a fence six feet high, Mr.
Morgan at once gave information to Mr. Joseph, and that
gentleman's bailiff and his head shepherd, together with a
Poteeman, went up the mountain to the prisoner's farm aad
took the-ewe, the mother of the lamb, there with them.
they recognised one another and bleated, and the lamb im-
mediately ran and sucked the ewe, t bus afrording convincing
Proof that it had belonged to Mr. Joseph's flock. On the eri-
snuer being told that the lamb was Mr. Josepli'a he at first
/aid, " If you believe it to be yours take it ;" hut he
afterwards said, " There is no pitch matk on the
al", and no one shall have it till they have proved
"tether it is or not." On the wool of the lamb tieing closely
examined by the shepherd some remains of the pitch mark
were clearly discovered, and it was also observed that the
Ittliidle mark on the lamb was much more recent than those on
Jte other sheep and lambs, and was brighter than it would
been had the lamb been matked at tbe proper time.
There were also some marks of a hay collar round its neck,
Which was a very unusual circumstance, as when lambs are
running
it is never the custom to tie tlsein. The magistrates
4Pressed their regret at seeing the prisoner placed in such
IP9sition but said they felt it their duty, after the evidence
whichhad been adduced, to commit him for trial at the
ses'ions• In consideration, however, of his previous cha-
"eteri they would accept good bßil for his oppeartuice.