The Sun.
London, England, 1858-05-03 00:00:00

i:iIONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The advices received this morning from most of
the manufacturing districts, represent trade as not
having been quite so brisk as on the previous week.
At Manchester there has been a fair business done
in shirting for the Indian and China markets, and
for the Levant trade there bad been moderate
transactions. The orders for the United States had
not been very numerous, and mosty of very small
amounts. For the home trade the demand was
limited, most of the dealers having already sup-
plied themselves to the full extent of immediate
requirements. The Woollen Cloth trade at Leeds
continues to improve very slowly. There is, gene-
rally speaking, more confidence, and money is
tolerably easy. In the various cloth halls there have
been an average number of buyers, but they have
confined their operations almost exclusively to light
fabrics. With regard to other branches of trade in
the neighbourhood there are signs of a gradual im-
provement. At Bradford the worsted yarn trade
is still much depressed, but cotton yarns are in
much better demand, and for light spring goods
there has been an active enquiry for the home
trade at fully late ra es.
Business at Halifax still continues depressed,
but the carpet trade is mod. rately brisk. At Hud-
dersfield there has been more business transacted
for shipping purposes. The general trade, however,
has not been very active. No improvement can be
noticed in lace at Nottingham. There have been
a few American buyers in the market, but as yet
their transactions have been very limited. In the

general trade of Birmingham a slight improvement
has been noticed, but no change of import-
ance can be reported in the iron trade.
The American orders continue slack, and
prices are firm, at last quarter day's quota-
tions. At Sheffield the general hardware trade has
exhibited little change of importance. The last
American mail brought a few orders, but not of
sufficient magnitude to give full employment to
the operatives now out of work.

The Liverpool Cotton Market on Saturday closed
with a firm appearance, and prices of all descrip-
tions were fully ad. per lb. dearer. The sales
were estimated at 10,000 bales, 1,000 of which
were taken on speculation, and 1,000 for export.
Owing to the commercial bills falling due to-day
and to-morrow there is rather more demand for
discount accommodation, but as the supply
of available capital is still excessive, a little
additional inquiry produces no material effect.
During the present week, however, a large
aggregate amount will be temporarily absorbed,
for besides these mercantile engagements
there is a call of 15 per cent. on the Indian loan,
and also the settlement of the monthly account in
Consols. It is probable, therefore, that the terms
which have lately been to per cent. below the
minimum will now approach nearer the quotation,
and, for the moment, all expectation of a re-
duction
by the bank authorities has ceased,
especially as the efflux of specie has re-
commenced. About 70,0001. in gold was with-
drawn on Saturday, making about 150,0001. last
week. These movements cause anxiety for the
time, particularly among the speculators of the
S ock Exchange who may be operating for a rise ;
but the, Australian supplies will more than suffice
to repulse any little deficiency that is occasionally
experienced.

The New York money market is described i❑ to-
day's advices as remaining without material altera-
tion. Accommodation is easy enough but the
accumulated supplies are ineffectual in reviving
trade. Confidence has sot recovered, and if com-
mercial affairs are beginning to move it is
by a slow and almost imperceptible process.
In s. me depart me uts however, a decided
imps ovement is spoken of, anti "manufacturers,"
it is remarked, " are sending forward goods rather
more freely, and commission merchants are fast
getting into shape to active and dispose of them
on satisfactory term. 4."
There was a meeting of the Waterford and Kil-
kenny Railway Company to-day, when a resolu-
tion was passed for transferring the office and
management from London to Waterford.
There is a dull and rather heavy market for
Public Securities, anti it is evident that the opera-
tions connected with the approaching settlement
are exercising an influence. Speculation, until the
liquidation is over, will be conducted cau-
tiously, but the position of the market
is strong in spite of the weakness of the
Paris Bourse, and the efflux of gold from
the Bank. Consols. for transfer, have been 974 4,
and for account, June, 971 1. The New Threes
are 95i 964, and the Reduced 951 96. India Loan
Debentures are 1001 1. The March Exchequer
Bills 365. to 395. prem., and do. June, 335. to 365.
prem., and India Bonds 17s. to 21s. prem. Bank
Stock was 2224.
A moderate business has been recorded in the
Foreign Stock Market, but the principal securities
are steady. Turkish 6 per Cents. are about 98 4 ;
Russian 4h per Cents. have been dealt in at 102 ;
Sardinian, 914 ; Spanish Threes, 444 ; Venezuelan
41 per Cents., 351 36 (a rise of 4 per cent.); and
Buenos Ayres at 811 82 ; Dutch 21 per Cents. are
661, and the Fours 991 100.
The following are the nominal prices of Foreign
Stocks ; Grenada Deferred Bonds, 51 6 ; Mexi-
can 3 per Cents., 201 ; Peruvian 41 per Cents.,
82 83 ; ditto 3 per Cents., 57 58 ; Portuguese 3
per Cents., 45 46 ; Russian 5 per Cents., 110
112 ; ditto 45 per Cents., 101 102 ; Spanish 3 per
Cents., 44 4 ; ditto New Deferred, 265 27.

There has been a moderate amount of business
done to-day in the Railway Share Market, but
prices have been influenced by the downward
tendency of the Funds. Great Western and North
British have declined 5s ; Eastern Counties, South
Western, Manchester, Sheffield, and Lincoln, North
Eastern, York and North-Eastern (Berwick) 10s.,
and Caledonian, 1/. Midlands improved 55., and
East Lancashire, Lancashire and Yorkshire, North-
Western, and South Wales, 10s. The foreivn and
colonial lines are inacdve, but prices are steady.
Pernambuco have receded 55., and Southern of
France ss. East Indian declined about ss. to 10s.,
and Grand Trunk of Canada 10s.
Mines, Banks, and Miscellaneous Shares have
been dealt in to a moderate extent, but the varia-
tions are unimportant. Bank of Australasia im-
proved ss. Union (f London declined ss. to 10s.
Canada Land, 2/. to 3/.

BRITISH FUNDS THIS DAY AT ONE , t.. OCK.
( ,rtrm the O(rictal List;)
Bank Stock 2223
3 der .;en.l,. tteducoo cui,eities... ,
3 per Cent ).:nson. Annuities 973 i
N.w per Cent. A uututit,
1,141, Stock
India Loan Debentures lOO3 i
Ditto Scrip
Icdin. ,I,,witi, .ClOOO ...... —
r)itto, tinder £lOOO l7 21
o,n_ sols for Account
Ezeitegver '3llls, 23d. March. June.
t:1000
..500
• .•• 00000000 39 6
So ill 39 6
.. . ...
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK,
Lirailuan 5 per Cent.
Ditto 1852, 43 per Cent. . lO3
Buenos Ayres Bonds, 6 per Cent.
Portuguese Bonds, 3 per Cent., 1853
Ditto Account
Russian Bonds, 1522, 1! St., 5 per Cent
Ditto, 43 per Cent.
Tv_ su:nrrikeizin:iihea
in:
0B:::::s6i 5 per Cent. ... ... ...
SDanieh Boxds, 3 per Cent.
IlBd
D tto Account,
P:irpeeerut Cent
Dviidends on the above payable in L36cridsl.
Dutch Exchange.
26 per Cent., 12 Guilders tiP
2
Do. 4 per Cent. Certificates

Consols, move TWO ( )q-,14001.
Y........ . ...
Ditto, Account ................. ...... •.......
Consols for Account, (June)

ERRATUM.— In the report of the Rev. Mr. Aspinall's
lecture, given in our Friday's impression, the name of
the vicar of Rampton i.hould have the Rev Mr. Wit.-
tour, not Wiaerion.

AMERICAN MAILS. —On Saturday the Cunard mails
steamer Persia sailed from Liverpool for New York.
She took out 106 passengers, but no specie.