The Sun.
London, England, 1858-07-12 00:00:00

MONEY :MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, Two o'CLocF..

The advices rmeiyed from the manufacturing dis-
tricts report that during the past week a gradual
improvement has been perceptible in most descrip-
tions of business. At Manchester the demand for
goods suitable for India had been active, and sheet-
ings had improved ld. to lid. per piece. Yarns
improved ,t,d. per lb., and the demand was mode-
rately active. At Leeds the woollen cloth trade
had exhibited symptoms of activity. There
has been an increase in the demand for genuine
cloths, and the operatives were fully engaged. In
the various Cloth-halls there was an average at-
tendance of buyers, and, taken altogether, the
prospects of the trade were very encouraging. Busi-
ness at Bradford has been rather inactive. Manu-
facturers, however, are well engaged upon orders
not yet completed, and prices of all descrip-
tions of goods are well supported. At Not-
tingham and Leicester the hosiery and lace trades
have slightly improved. The demand for the Ameri-
can market, however, is not quite so active, but for
the home trade there is a good demand. At Bir-
mingham the sales of iron have been very limited.
The best brands have been chiefly in request, and
prices have varied according to the necessities of
the makers. In the various fancy trades of the
district there is little alteration to report. The
hardware trade at Sheffield and Wolverhampton
kas been rather more active, a good demand hay-
ing been experienced for exportation.
Letters from Liverpool mention that the Cotton
market on Saturday closed with rather more activity,
and prices of all descriptions were fully maintained.
The sales were estimated at 7,000 bales, 1,000 of
which were taken by the speculators. In the Rail-
way Share Market the transactions were limited,
and the quotations of the leading lines slightly de-
clined.

On Saturday the Bank's metallic reserves were
again trenched upon to the extent of 90,0001., and
the question naturally asked is, for what puirpo;e
this efflux is intended ? appeals very difficult
to explain ; but the presumption is that those
Continual remittances are associated with some
extensive financial operation, the particulars
of which have not yet transpired. What-
ever opinions may be entertained upon the
subject, certain it is that a drain is going
on which, unless checked, must soon cause
an important deficit in the stock of bul-
lion. At present the movement, though carefully
watched, has not excited uneasiness, because it is
known that a million and a quarter in Australian
gold is coming forward, and must soon arrive.
There is no alteration to report in the Money
Market ; the tet ms continue easy, and the demand is
limited. The inquiry is now chiefly confined to the
daily wants of the commercial public, which, as
trade is quiet, are not extensive. In this situation
the market will continue until some large absorp-
tion takes place either for speculation or legitimate
enterprise. At the Stock Exchange, the settlement
being over, the demand for loans has subsided, and
if required they can be obtained on easy terms.
The departures for the Australian colonies during
the past week have been very limited, and comprise
only two vessels, ♦iz., oue to Port Philip, of 884
t°118) and one to Launceston, of 632 tons.
The annual meeting of the Union Bank of Aus
tralia has just been held, Mr. Cummins in the
chair. The report was on the whole favourable,
and stated that affairs in the colony were slowly
recovering. Three new branches had been opened.
The profits for the year were 173,6051. ss. 11d.
The nett balance on the 30th of June, 1858, was
87,099/. 12s. sd. The rate of exchange had been
unfavourable and several losses had occurred to
the Bank but the directors had still been able to
write those losses out of the profits and also to add
to the reserve and declare a dividend of 10 per cent.
for the half-year. The report was adopted unasi-
ruously.

In the market for the English Funds there has
not been much animation. Prices have been
rather depressed owing to the unfavourable Indian
intelligence. Consols for money ,r,re 95i 4, and
arethe account 9511 4. The New Three per Cents.
95i al and Reduced Annuities 95 3. Bank
Stock is 220 to 222, and India Stock 218 to 221.
Exchequer Bills are 325., and the June issue 20s.
to 235. premium.
A. fair amount of business is being transacted in
the Foreign Stock Market, but prices remain
steady. Turkish 6 per Cents. are 94 95; ditto 4
per Cents., 1041 ; Brazillian Scrip, 1 to i:dis. ;
Buenos Ayres 6 per Cents., 83 ; Peruvian 4k per
Cents., 88i; Portuguese 3 per Cents., 451 ; Sar-
dinian 5 per Cents., 891 ; Spanish New De-
ferred, 27i ; Dutch 2i per Cents., 65i ; and
ditto 4 per Cents., 1001 s.
The transactions in the Railway Share Market
bave been more limited, and prices have been
rather flatter. Lancashire and Yorkshire have de-
clined 10s. ; Midland, ss. ; North Stafford, ss. ;
and South Eastern, ss. Great Northern advauced
1/. ; South Western, ss. ; and South Wales, 5..
In the Foreign and Colonial Markets prices were
flat. East Indian declined about 10s. Grand Trunk
of Canada advanced 10s. ; and Great Western of
Canada, ss.

Mines, Banks, and. Miscellaneous Shares have
been dealt in to a very limited extent, and but
little alteration can be quoted in values. Bank of
Australasia have improved 10s.; and Union of
Australia, 10s. to 15s. Peninsular and Oriental
Steam advanced to 78.

BRITISH FUNDS THIS DAY AT ONE O'CIOCK.
(Prom the Of final L: t;)
_, 1
Three per Cent. Reduced Annuities
3 0.., .n, sois Annuities I.
95i $ R
11.", Three per Cent. Annuities
India Stock
Ditto Bonds, 21000
Di t , ewer clout' 2O
'udia Loan Debentures
Consols for Account
Broheqerßills March. June.
eae
21000 . ..... ..... ... ..
Ditto,hr Bonds' 1858, 3i per Ceut.
1859
100 i 1
FOREIGN FUNDS.THIS DAY.
Buenos A
yres Bonds 6per Cent.
Ditto Account '
Ditto Defer
83
re
Pon 13°ndsdli per Cent
Aescoc3oupnetr Cont., 1853
dittouu'Sardinian 5 per Cent 4si
89
,„ Ditto Account
89 ii 9
QtAnish Beads, 3 per Cent.
..pitto New Deferred. 3 per Cent.
1: trkisb Bonds, 6 per Cent.
Ditto, Account Ditto Guaranteed 4 per Cent. 95 h '
1011
Dividends ou the above payable In Lonnou.
Dutch Exchange, 24 per Cent., 12 Guilders 65
Do. 4 per Cent. Certificates
TWO O'CLOCK.
Consols money 95 f--- buyers.
Ditto account 9sh i
T]

_HE THAMES AT GREENWICII.--It having come to the
knowledge of the Metropolitan Board of Works that
the Thames at Greenwich was stated to be quite free
from the pestilent odours which for several weeks
have rendered almost every other part of that once-
toble river, from Putney eastward, a positive nui-
sance and a disgrace to London, Mr. Bristow, the mem-
ber for Greenwich of the Metropolitan Board, accom7
Panied by some fellow-members, and many
scientific
and literary gentlemen, assembled at Greenwich 00a S tur-
h
`lay, for the purpose of personally ascertaining whether
the ancient borough enjoyed perfect freedom from
Stench. After an hour's sojourn on the banks of the
Thames and an examination Lf the districts most likely
to be affected by the impurity of the river, the fact
was found to be just as reported. In tie even-
ing the gentlemen engaged in the sanatory
Survey sat down to a sumptuous
rent, provided by Mr. Quarterrntrine '
tor. Park, the medical officer, of Greenwich,
9 than
f ethnettrSahmilip-.
the sickness and mortality in the district werestalet
the
seil that
the average during the month of June, wire
Thames at W estminster and westward was most
offensive.
Loss OF LIFE By FIRE.-0a Friday morning Mr. W•
Payne, coroner C.a. Southwark, received information of
the death of a fine young woman named Fanny Hum-
phreys, aged 26. The deceased was in the service of Mr.
I3aggallay, of Clapham Park,went to the Crystal
Palace for and
a
sure roundsya pleaure. When walking in the plea-
tact-g
with a smouldering fusee, and caught fire, the
no,
,„ high above her head, as she ran about
the ground. Mr. Robert Dobbs. Nowin f^" ''''''
Xennington, evf.otpailv i'c. t..
~ .. ! la orr t aguish i 3
iog the
Luz
fla.riet
a, t earn he was severely burnt, when ale
Was conveyed to St. Thomas's Hospital, where Mr.
Grabbarn, house-surgeon, used every means to allay her
sufferings and save her life, but she lingered in agony
till death terminated her sufferings.