The Sun.
London, England, 1858-03-15 00:00:00

ONEY MA. RIC ET IVIARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.
The advices received from the manufacturing
districts this morning represent that very little
improvement can be reported in the general
business of the country. At Birmingham trade
is becoming gradually worse, and almost all de-
partments participate in the general depres-
sion. The iron trade continues very dull, as
many of the mills and furnaces are only partially
employed ; in the jewellery trade and general
fancy business of the town there is no improve-
ment whatever to report. At Manchester the de-
cline in yarn, during the week, Las been -id. to gd.
per lb., and sellers of cloth have given way very
unwillingly. The experts to the Indian markets
have been exceedingly light. At Leeds there had
been a slight improvement in the woollen cloth
trade, chiefly for home consumption, but there is
no particular change to report in either wools or
cloths, the late severe weather having in some
measure retarded the opening of the Spring trade.
Business at Bradford has been exceedingly dull,
and a feeling of heaviness and inactivity prevails in
all descriptions of business. The lace and hosiery
trades at Nottingham and Leicester have continued
in a very quiet state ; for the lower descriptions of
cotton hose a few orders for export have been given
out, but not sufficient to give the workpeople full
employment. The carpet trade at Kidderminster
has slightly improved.
Letters from Liverpool mention that the Cotton
Market en Saturday closed heavily, but prices of
all descriptions were quite as dear. The sales were
estimated at 4,000 bales. The Railway Share
Market manifested a quiet appearance, and values
were without alteration.
The public sales of foreign and colonial wool
for the present year, which commenced on the
25th ult., closed on Saturday last. The total
quantity offered consisted of 35,966 bales colonial,
566 bales German, and 1,001 of sundries. The
attendance of home buyers was good throughout
the sales, but of foreign there was a scanty attend-
ance, There was little alteration in the prices
realised from those current at the close of the last
November auctions until within the last few days,
where a large quantity sold very heavily at a decline
of about Id. to lid. per lb. for the better qualities of
both Australian and Cape wools. About 3,000
bales of raw East India, Jamaica, and China wools
will be sold on the IGth and following days.
An announcement has been made by Messrs.
Heine, Semon, and Co., on Saturday, that they
are ready forthwith to pay every creditor in full
with interest at 5 per cent., and that they have also
resumed business.
The experience gained by the late crisis is likely
to lead to several changes in the credit system,
which has been so extensively adopted for some
time past. Many innovations have already been
made in particular branches of trade, but the most
important one is that just determined by the Bank
of England, under which the directors will refuse
henceforth to re-discount paper for the bill brokers.
The operations of the latter will cor.sequently be
restricted, and an effectual check is at once imposed
against the wholesale manufacture of bills.
There is a slightly increased demand for money,
but the rates of discount are unchanged, being still
2i to 21 per cent. The supply is excessive, but
as it is reduced by revived trade, the terms
will stiffen, and already some favourable
indications are visible. An improvement cannot
be expected all at once ; it must of necessity be very
gradual, especially as Foreign markets are well
stocked, and are suffering from an absence of de
mend. During the present year commerce will no
doubt appear exceedingly dull, but the operations,
though limited, will be legitimate, and if the profits
resulting from trade prove small, few losses on
the-other hand will be incurred.
Silver is in moderate request and at steady quo-
tations. Bars are 53. lid. per oz. standard. The
Rhine, from Boulogne, has brought a supply equal
to about 40,000/. These imports must entail pro-
portionate shipments of gold.
The Africa has arrived from the United States,
la with only 16,6711. in specie. The previous
advice. stated that the remittances for the present
would be restricted, notwithstanding the exchange
was at a steady quotation. The fact is, however,
that trade between the two countries is now reduced
to very small proportions, and the balance of pay-
Merits is favour of this country is exceedingly
email
At a meeting of Messrs. C. Walton and Son's
creditors, held to-day, the liabilities were stated at
40,0001., and the assets at 7,9001.
The market for public securities is extremely
heavy, and very few transactions have been re-
corded, attention being chiefly absorbed by the
liquidation of the foreign stock and railway share
accounts. The unfavourable feeling produced with
reference to affairs its France, and our relations
with that country, still continues, and the result is
general depression in prices. Consols have been
for money, and 96g for account. They
have since been 961 and 964 respectively, but
are now at the former quotations. Exchequer
Bills aro 395. to 425. premium, and India Bonds
25 to 26.
About an average amount of business has been
transacted in the Foreign Stock Market, but the
quotations have appeared heavy. Turkish 6 per
Cents. are marked 101 k ; Spanish 3 per Cents.,
44 ; ditto Deferred, 26f ; Sardinian 5 per Cents,
have been dealt in at 91 ; Russian 5 per Cents.
at 110 ; Portuguese 3 per Cents., 451 ; Mexican at
20 ; and Danish 3 per Cents. at 83 to 84.
In the Railway Share Market this morning
the chief business transacted has been in connection
With the arrangements for the settlement of the
half-monthly account. Prices have varied to the
extent of about to per cent. Eastern Counties
and North-Eastern (Berwick) have declined ss. ;
Caledonian, 10s. ; and Lancashire and Yorkshire,
11. Midland and South-Easternimproved ss. ; Great
Northern, North-Western, Nortb-Eastern (York),
108., and Vale of Neath, 11. The foreign and colonial
undertakings are at about previous quotations.
•Grand Trunk of Canada, however, have declined
10s. to 155., and Great Western of Canada ss.
Mining Shares are very quiet. Sortridge Con-
sols are 14- ; Great South Tolgus, 15i ; and San-
tiago de Cuba, 21.
For Joint-Stock Bank and Miscellaneous Shares
there is scarcely any inquiry. London Joint-Stock
are steady at 30 , and South Australia have de-
clined to 204. National Discount Company are
4} to ft.

FUNDS.—CLOSING PRICES—THIS DAY.
(Front the Official LW:I _ _

taak Stock Businecs done.
Shut
Pe, ent. Reduced Aneuitioh
per lieut. Consols Annuities
Ditto, under i'.looo
USK' .......
UJLsols for Account
Einegner 2id.
k!s€lo
42
..........

PRICES OF FOREIGN FUNDS—THIS DAY.
I)anish Bonds, 3 pei Cent., 1825 B3 4
Poziean 3 per Cent 2O 19/ 20
eravian Bonds, 4i per Cont BOl
Portuguese Bonds, 5 per Cont., Con. 1841
Ditto 1853, 3 per Cont... 49
Artesian Bonds, 132', E St., 5 per Cent llO
tiarclininn Bonds, 5 per Cent. .. .....•••••• VI 1
,nibh Bouds, 3 per Cent.
Ditto New Deferred, 3 per Cen‘.
Ditto Account
Turkish i;onds, 6 per cent ltli f
Ditto Account
Dividends on tho above payable in London.
tittEß O'CLOCK.
Consols, money 9ni
Consols for Account, (April 8)

Th. Portuguese government steamer Don Carlos,
P4l3taia Redvatho has arrived at Black wail from Lisbon
th Captain White, officers, and crew for the King of
b:rtagal's new screw-frigate, Bartolomeo Diaz, in the
st India Doc 0k.,, whicis is t convey the future Queen
Portugal to Lisbon, She is expected to leave on
tklijay for Lisbon.
PALACE.
ITETAL — Half-Crown Day.—Saturday,
-44
it 13.—Admissions on payment, 419 ; ditto by
4104 tickets, 1,477; total visitors, 4%16.