The Sun.
London, England, 1858-08-05 00:00:00

MONEY MARKET.

CITY, Two O'CLOCK.
It appears that the commercial engagements which
arrived at maturity yesterday were in most instances
met without any embarrassment. The only misfor-
tune has been the stoppage of Messrs. hedge, Hyde,
and Co., to which We lately referred. The liabilities
of that firm, however, have been greatly exaggerated,
and there is some satisfaction in being able to state
that the assets are considerable, with a fair prospect
of twenty shillings in the pound being realised.
In most respects trade is believed to be very heablay,
but occasional disasters of this kind are unavoidable.
The demand for money has abated, and the market
continues to present a plethoric and unusually quiet
aspect. The introduction of loans and joint-stock
schemes of various kinds will, however, soon create
an impression, if they should be supported by the
public.
in the cotton market at Liverpool, yesterday,
there was rather less animation, but prices of all de-
scriptions were supported. The sales amounted to
10,000. The Railway Share Market closed quietly,
and some lines maintained previous values, while
others slightly receded.
The negotiation of the residue of the eight million
Indian loan, to which we briefly adverted yesterday,
forms the leading topic of coversation in commercial,
financial, and Stock Exchange circles. Indeed the
contemplated operation attracts greater notice than
might have been expected, but this arises probably
from the recent introduction of two other undertak-
ings, also of an important character, and which have
occupied attention. The public are therefore on the
alert, and these new measures for the moment
rival consols and railway shares and other securities
which were previously in request at buoyant quota-
tions. Profiting by the experience gained since the
first portion of the loan was issued, the authorities
have adopted some improvement in their present
stipulations. Firstly, tenders for amounts as low as
£l,OOO will be accepted ; secondly, a discount of 3„
pefeent.Villrbe allowed for payments in advance; and
thirdly, application must be accompanied by a deposit
cf 5 per cent. These regulations will, no doubt,
insure a satisfactory result, and it is equally pro-
bable that the subscriptions will largely exceed the
capital required, as the instalments are payable ,
within a reasonable time, and the debentures are
only for five years with an intorest of 4 per cent.
per annum. Conditions such as these render the
securitias very advantageous to bankers, insurance
companies, and others. Speculation is rife with re-
gard to the value that ought to be set upon this new
issue, but it is too early yet to form an accurate cal-
culation, for it is impossible to tell what fluctuation
latest
ytake place between the present time and the
period fixed for the receipt of subscriptions,
with regard to the marketable value of the Indian
debentures now dealt in, and also the alterations that
tray occur in Consols.
_ The Australian mail has arrived at Suez, and the
letters, via Marseilles, may be expected on Monday or
_Tuesday next. The name of the steamer is not yet
known, but it is supposed to be the Australasia. She
had £73,000 in gold on board.
Considerablo satisfaction has been caused by the
I:ley's that the Atlantic cable has been successfully
submerged between Valencia and Newfoundland.
Good signals are passed between the extreme points,
auiti. d at present the experiment appears quite success.
ful. The shares have risen several hundred per
cent., the nominal price ranging from 800 to 1000.
Further particulars are anxiously awaited from Ire-
land, but the principal difficulties having been sur-
mounted, little apprehension now exists respecting
the results of the undertaking.
The shareholders of the London and Connty
Banking Company met this day, when a favourable
report was presented to them, showing a gross profit
for the six months of £101,661 145., which, after
providing for every necessary deduction, and
for bad and doubtful debts, left a net
profit of £29,030 6s. 6d. The dividend
proposed for the six months was £5 per
cent., free of income tax, leaving £-1,030 Gs. 6d. to be
carried to profit and loss new account. From the
balance-sheet it appeared that the paid-up capital
was £500,000; the reserved fund, £105,000; cus-
tomers' balances, £4,178,283 Os. 7d.; and profit and
lass account, £101,664 145.; making a total of
£4,884,948 3s. 7d. There was a short discussion,
when the report was adopted.
A very moderate business has been done in the
Railway Share Market to-day, but a slight improve-
ent may be noticed on several of the principal
mes- Caledonians have advanced 205., Lancashire
Bind Yorkshire, Brighton and Midland 10s., and North
Eastern, and North Eastern (Berwick), ss. Vale of
Heath declined 20s.
_ The market for English Securities is rather firmer,
but there is not much activity; specutative, as well
as bonaftdc operations, being curtailed, probably this
arises, in some measure, from the attention which is
absorbed by the Red Sea, Telegraph shares and the
Indian Loan. Prices, however, are well maintained, and
the tendency is very favourable. Consols have been 96
to 9611,. for money, and 96 1 s for the Sep-
tember Account, at which they still remain.
The New Threes remain steady at 96,1 and the
Reduced Annuities, 0611 Long Annuities are
Marked 18i. Exchequer Bills, March, 345. 335.
. ditto, June, 225. 265. ; and the Bonds continue firm
at 1001 1.

A fair amount of business is recorded in Foreign
Securities, and prices are firm. Turkish 6 per
Cents. arc 97i; ditto 4 per Cents., 104; ex. div.;
Brazilian Scrip, 2 -2 premium; Grenada Deferred,
6; Mexican 3 per Cents., 21'2; Peruvian 4-
Per Cents., 91 ; Ditto Uribarren, 802“ Por-
tuguese 3 per Cents., 4.174-; Sardinian 5 per Cents.,
91i ; Spanish Certificates, 5i3,-; Venezuela 5 per
Cents., 40i 414. ; Ditto Deferred, 15 -7,-; and Dutch
4 per Cents. 101 'l.
In the _Miscellaneous Market, Electric Telegraph
have risen to 110 ; London General Omnibus Corn-
rany are 2, and Scottish Australian Investment 1-a.
The shares of the Atlantic Telegraph Company,
which were yesterday £3OO, are now at £BOO.
The last week's railway receipts ascertained up to
this date are, in round figures, as under
'''
1858. 1857.
North-WesternGreat IVester 34,219 .. 33,574
65,815 .. 73,399
Sotith-Western
Brighton ' *
Midland * * *
**
3 254,178,44 34,304
South-Eastern 7
..Great-Northern
. • 23,30363
13ris
Lan
or
cashire and Ykshire `)6,675 .. 28,172
tol and Exeter 7,154 .. 694
Chester and Holyhead . 6,609 .. 6,741
Wolverhampton Sheffield and Lincoln 10,464 .. 11,166
North-Eastern * ..... . :
Oxferd,Worcester andWo•lierhampton 4,462 .'. 4,745
West Hartlepool ' 3,716 .. 3,521
Belfast and 131111;n3—en; .. 1288 1,343
Edinburgh and Glasgow ************* 6 275 ..
6,6632
Glasgow and South-Western..... ******** • 7'185 •.. 7,767
Great North of Scotland ****************** 1'434 . 1,309
Grand Trunk ofeanada
Two O'CLOCK.

Consols for money, 96 96i.
Ditto for account, 96 I.

CHILD AltiftDEß.—On Monday evening „ inquest
Ras held at Hull on the body of a newly-born fe„,„ie
infant; and the evidence was very strong against the
"trier, Mrs. Sarah Killington, a married woman, aged 28
),ears, stated to be highly connected, but living apart from
her husband. The jury returned a verdict that she was
Railly of the wilful murder of the child.
.1744/31}1711cAll CLERGYMEN INVITED TO JAMAICA.—
..1 learn from the New York Churchman that it is stated
;at the Bishop of Kingston (Jamaica) is in communica-
-I,lnwith the diocese or New York, for the purpose of °°-
~,,,r 11,, sct vices of sev,!ral young clergymen cf t!•:
country
Church, for whom there is quite a field in the
Places of Jamaica.
continettlt
tu, the
-AL JE,„,,,, ,-,
...),Ne i_ ".011. OPINION OF I'VE REVIVAL. IN AMER•CA.
geneer !%tt from the new number of the Jewish Intelli-
Rev. B. W. Wright has recently taken a
for pronunit!mr to visit the stations of the London Society
journal (meg Christianity amongst the Jews. In his
StraOurgh:rh date of Mondar June 7,—We started from
English
next to ine (i e saYA, for the b'uchy of Baden. A Jew sat
Jew, Vhe railway carriage) : I said, " Are you an
ci*.:'"•" "Z, tsar he said, " I am an American
end that many
America'?" ‘,l tllr? •,t1 think of the great ic,i%al in
Jew, I thought, w careless
8°
c" he said, " that it is a work of God,
uls have been awakened by it."
and subs as a strange confession to be made by a
iin'i 4dt within
him words led rre to believe that he also
Ilk,
---!' -I.° some vibrations of the spiritual earth-