The Sun.
London, England, 1858-01-05 00:00:00

MONEY iVIARKET

OMMERCTAL INTELLIGENCE.

CITY, Two o'CLocK.

The markets for Foreign and Colonial Produce
opened this morning after being closed for the
Christmas holidays. During the recess the private
transactions have been numerous in almost all the
principal staples, and rather higher rates have been
realised for sugar, coffee, tea, rice, and tallow.
Spices have been firm, as also rice and fruit. The
quantity of sugar announced for public sale during
the week is rather large, and full rates are ex
petted to be realised. In the refined market the
quantity of dried goods on offer is scanty, and the
market is extremely firm ; prices being supported
with an active demand for both exportation and
home consumption. The sales of coffee announced
are not very large, but prices continue steady.
Rice has been inquired for, and for tallow there is
a good demand at improved quotations. P.Y.C.
on the spot, 545. ; January to March, 535. 9d. ;
and March delivery, 545. 6d. per cwt. The next
quarterly sales of indigo are fixed to commence on
the 9th February next.

Letters from Liverpool mention that the Cotton
Market yesterday manifested an active appearance,
and prices of almost all descriptions advanced fully
id. per lb. The sales amounted to 15,000 bales,
3,000 of which were taken by the speculators. The
Railway Share Market closed firmly, and the quo-
tations of all the leading stocks were at a slight
improvement.

There is a quieter demand for money to-day,
and terms continue at 1 per cent. below the
Bank of England minimum. This circumstance,
together with the accumulating resources of
the administration, will no doubt ensure a
reduction of 2 per cent. on Thursday next.
The Bullion has considerably increased, and
the notes in reserve are also presumed to have
augmented. With respect to the other securities
also a marked improvement has no doubt been oc-
casioned through the limited inquiry for discbunt,
and the repayment of bills yesterday, the 4th of the
month. These engagements were met with prompti-
tude and with less difficulty than was getter-illy
anticipated. One failure was reported, but the
liabilities are not large, viz., from 40,000/. to
45,000/. The firm in question was Messrs. R. H.
Whitfield and Co., in the West India trade, who
attribute their misfortune to the fall in the value of
produce.

Another parcel of at)out 232,0001. in gold was
taken into th 6 Bank of England yegterd,y,

The Day Spring has arrived from China with
388,2001b5. of tea.

Silver remains quiet, as usual immediately after
the departure of the bi-monthly steamer.
The Stock Markers are all very buoyant, aid an
extensive business is being done. The Funds have
advanced to g per cent., owing to increased pur-
chases based upon the favourable monetary pro-
spects. A small failure has been declared, but this
hai rather given support to the market than other-
wise. Consols have been 944 a,, and 941 For
February they are 95 to 951 ; the New Three per
Cents. are 95 to 95k, and the Reduced 951. Ex-
chequer Bills have risen to ss. and 10s. premium,
and the Bonds at 99k. Bank Stock is 219 to 220.
A general improvement has taken place in the
Foreign Stock Market, although thu ransactions
have not been numerous. Turkish 6 per Cents.
are 99 to 100 ; Ditto, 4 per Cents. 1031 104 ;
Brazilian 5 per Cents., 1829-39, 100 ; Mexican 3
per Cents.o4 21 ; Peruvian 4i per Cents., 79ff 80i ;
Ditto, 3 per Cents. 55 ; Russian 4i per Cents.
984 ;. Sardinian 5 per Cents. 86/ 87, and Spanish
Deferred 26i.
- •

An active-business has boon transacted iu most
Of the leading railway shares this morning, and the
advance in quotations may be quoted fully to 1 per
cent. Caledonian; Edinburgh, Perth, and Dundee;
North-Western; Manchester, Sheffield, and Lin-
coln, improved 10s. Eastern Counties, Great Wes-
tern, Lancashire and Yorkshire, Brighton, Midland,
North British, and South Eastern, 11. ; and North-
Eastern (Berwick), and Chester and Holyhead,
about 21. The foreign lines are in active request,
but prices are steady. Northern of France improved
158-; Paris and Lyons, 55.; and Lombardo-Vene-
tian, ss.

Iu the Colonial undertakings prices are firm,
late rates being fully supported.
Mines, Banks, and Miscellaneous Shares wore
dealt in to a limited extent. London Joint Stock
improved about ss. ; Australian Agricultural and
Canada Land Shares realised former values.

BRunsa FUNDS THIS DAY AT ONE
(Irony the Official List:)

Business done.
iS ink Stock
3 IA r Cent. Reduced Annuities,
,New i per Cont. Annuities 95 41 51 5
Llosig. Annuities, expire stl Jan. 1860.., 2
LDitto 30 Years, expire sth April, 1885 l7
at. tiondb, .c10,,1, - -
riitto, under £lOOO 5
0 .n. sots •for Account
.. ........ ... 94i i p
Exanoqual Mlle, 2.t,d.
,10(Its
5 'stit. ,
8 60
10 p
5ap11...... ~, ...
6 10 p
•• -- - - ..
Exchequer flondB, IxsB, 34 per Cent 904
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Br. 7. aati 5 per Cent.
Ditto, 1829 and 1839, 5 per Ceut lOO
Mexicali .; per lent
Ditto Account 2l 201
Peruvian Bonds, 4i per Cent..
Ditto Account
Ditto 3 per Cent —
Ditto Account 551 i
Russian Fiends, 1622, k: St., 5 per Cent —
Ditto, 44 per Cent. 984
Sardinian Bonds, 5 per Cent.
Sp y. 103 r;ouds, 3 per Cent.
Ditto New Deferred, 3 per Cent.
.Ditto Account
Turkish Bonds, 6 per cent —
Ditto Account
991;
'1 Oitto Guaranteed, 1 per Cent.
'-Ditto
Dividends on the above payable:in London.
TWO O'CLOCK .
9411 ad
95 5/

79 80i

Console for account
Ditto, February

The failure was announced yesterday afternoon of
Messrs. Richard H. Whitfield and Co., West India and
general commission merchants. Their liabilities are
etated at about 45,0001., and the assets are principally
in Antigua and Demerara.
RAILWAY WORKS ON THE CONTINENT.—The works on
the railway from the Maine to the Rhine (Mentz-
Darmatadt-Aschaftenbourg) are going on very rapidly.
The section from the point of the Maine to Grorsgerau
has been gone over by trains with materials, and if the
weather continues fine the Darmstadt section will be
open to circulation in April, and the whole line as
far as Aschaffenbourg in November next.
POETUGAL.—The Douro steamer has arrived at Liver.
pool with Lisbon dates of the; 26th Dec, She brieg3
clean bill of health, the port having been declared free
from fever on the 24th. Our Lisbon correspondent states
that no cases of fever bad been reported after the 221,
and that the total of the official reports during 105
days, commeucing on the 9:h Sept., had amounted
to 13,482 cases of fever and 4,759 deaths. The weather
at Lisbon had been clear, cold, and bracing, with only
one day's rain during the whole month of December.
The inhe.bitante were returning to their town residences,
and bueiness showed signs of renewed vitality, which
led the merchants to anticipate a brisker trade than
Usual in the month of January.
tables it a
the
month
FOR 1857.—8 y Mr. Hackett's
ppears that the revenue of the railways of the
United Kingdom, in 1857, was no less than 24,000,000/.
The capital of these lines is about 300,000,000/. The
railway profits for last year must have been about
13,000,0001., or about 4 per cent, of the total capital ;
but from a considerable portion of the 300,000,0001
capital being in loans and preference shares, at a rate of
more than the per ceetage of profits,
interest averaging
the average dividend is about 3/ per cent, per annum.
path.
LUNDHILL COLLIERY.—The damage caused by
the terrible explosion at the Lundbill Colliery on the
19th of July last, by which 189 lives were lost, has now
been thoroughly repaired. A great improvement Las
been made in the workings by the introduction of a
dumb-drift, which has been eX3cuted under the
supseintendence of Mr. Beaumont. The effects of this
Will be to carry the foul air away without it having -to
Pass over the cupola furnace, as previou,ly. The pro.
Prittore having repaired all the damage, hive now again
fairly commenced operations.—Leeds Mercury.
The following gold ships are on their way from Aus-
tralia, having_ left since the departure of the October mail
72--viz., the Marco Polo, on the 24th of October, with
t,704 ounces out (72 days) ; the Northumberland, on
28tb, with 46,881 (out 68 days), and the 0 iver
Laing and Austral, on the 15th of November, with
7,442 and 8,309 ounces respectively (out 50 (lap),
IVicing a total of 176,336 ouneee, valued at 705,344/
tri is exclusive of the 195,0001. by the mail which
be expectsd in Lender., next week.
All her jigging is to be generally brought into use for
etayer blajeety's ships to be used for lower rigging, bob-
.' and bowsprit sh'roude for all ships.