The Sun.
London, England, 1859-02-08 00:00:00

SAYER'

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
In the Colonial produce Market business con-
tinues of rather a restricted character, and buyers
act with extreme caution. Very few transactions
have taken place in sugar; between 300 and 400
boxes of Havana have deen disposed of at late
quotations, and 300 boxes at 40s. 6d. The refined
:market is dull and very little business is doing for
—home trade, with 525. 6d. the lowest quotation for
common lumps. Coffee meets with a limited inquiry
at steady prices, middling plantation being 70s. 6d. to
725.,g00d ordinary native 495. For tea there is a firmer
tone in the market, in consequence of the private
telegrams received yesterday, which report higher
prices, and a short supply in China. Rice has been
more extensively inquired for, but the offers made
were refused, and the sales, consequently, were very
limited. Saltpetre and cotton are firm, but inactive.
In spices a limited business is reported, at about
Previous rates. The tallow market is very firm,
with an active demand for Y.C., at 535, 3d. on
the spot.
The Cotton Market at Liverpool yesterday closed
with a rather dull appearance, and 7,000 bales were
disposed of at former values. In Railway Shares
a very active business was transacted, and prices
considerably improved.
The directors of the Mid Kent Railway Company
recommend a dividend at the rate of 4 per cent.
per annum.

Considerable surprise has been created in City
circles for several days past by the frauds com-
mitted by Mr. James Purssell, formerly connected
with the well-known confectionary establishment
in Cornhill. The rumours have been very much
exaggerated. A false report has been circulated
stating that one or two of the banks are heavy
sufferers. The correct amount of the frauds is
found to be about £30,000, but fortunately it is
spread over a wide circle, and. in •no instance is the
loss considerable.

It has been announced that the departure of the
Australian mail is postponed until the 19th instant,
and it is presumed that the Marseilles portion will
follow four days afterwards.

The demand for discount accommodation con-
tinues very moderate, and the requirements of the
commercial community show no important increase.
The amounts absorbed for loans, and other purposes,
are furnished without producing any material
movement, and although there is occasionally a
tendency towards increased demand, no sustained
activity is experienced. With a continued accu-
mulation of bullion at the Bank of England, a
reduction in the minimum rate to 2 per cent.
tighi be anticipated; but it is impossible to tell
Vtat new channels will be opened for the employ-
ment of money in the next two or three months to
upset lny views that might now be entertained on
this sultect.
The market for public securities remains in a very
variable statt, Confidence has not been increased
by the Emperaz's Speech, but as the dealers and
brokers are now occupied with the settlement, it is
difficult to form a correct opinion of the views of
the speculators upon this point. At first symptoms
of buoyancy became upparent, but these were
Succeeded by renewed weakness, and the market
now appears rather flat. Consols were 951 1 for
money, and 95 t- for the March account. The pre-
sent quotations are 9511 and 9511 prem. respectively.
Bank Stock is 2271. The New Three per Cents.
are marked 959 to 96, and the Reduced Annuities,
951 Z-; Exchequer Bills, 335. to 365. prem ; India
Stock is steady at 220 ; ditto Loan Debentures are
981 ; and the Bonds, 20s. to 245. prem.
In the Foreign Securities business is very quiet,
and prices have in most instances declined. Turk-
is 11 6 per Cents. are 891 to 891 ; ditto Scrip, Ist
Issue, 784.1 to 781; ditto, 2d issue, 7 to 61 discount;
Chaim]. Loan is 3 to 2 discount ; Brazilian 41 per
Cents. are steady at 94; Danish 5 per Cents. have
receded to 1031 to 104 ; Mexican•to 201 ; Turkish
4 per Cents. Guaranteed to 1021; the New Aus-
trian Loan is quoted / to 1 premium.
The transactions in railway shares are more re-
stricted to-day. The market opened flatly at
the relapse of last evening, but subse-
quently became firmer. • The tendency, how-
ever, is now towards a further reduction ;
Great Western have, nevertheless, recovered 10s.
Lancashire and Yorkshire, ss. ; London and
Brighton, ss. ; North Western, 10s. ; South
Western, ss. ; Midland, ss.
In the Colonial Market East Indian are flatter,
having receded to 1011. Great Indian Peninsula,
an the other hand, are firm, at 99/ 100. Grand
Trunk of Canada have been done at 331, ex the
interest, being a rise of ss.
French railway shares are scarcely so good.
Lombardo-Venetian old shares are 1 I prem., and
the new shares, .7, 2 prem.
An active demand has been experienced for co-
lonial Government Securities, and prices are ex-
ceedingly firm. Victoria 6 per Cents. for April
and October have risen Ll ss.
A fair amount of business has taken place in
Joint Stock Bank Securities, and prices are sup-
ported.

Miscellaneous securities are inactive, and prices
nominal.

BRITISH FUNDS THIS DAY AT ONE O'CLO CK
Bank Stock
3 per Cent. Reduced Annuities 95
3 per Cent. Consols Annuities
Now Stock
3 p 5
er 0
2 C 2
ent. Annuities 9l 6 5i
Ditto Debentures 9B
Ditto Bonds, £l,OOO
Ditto under £lOOO
Consols for Account (March) 951 1
March; June.
Exchequer Bills, £l,OOO, 2d. & 11d.. 33 6
Ditto 450033 6
Ditto Small, lid.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 6 per Cent.
Ditto 1858, 41 per Cent. 94
Danish, 1825, 3 per Cent.
Ditto 5 per Cent. lO4 31
Mexican. 3 per Cent —
Ditto Accoput
Tur
D ittkieh 6 per Cent —
o Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.
TWO O'CLOCK.
Consols, Money 9sk I
Consols for Account (March) .... 95}

FATAL ACCIDENT IN THE CITY.—An accident,
attended with fatal consequences' occurred on Sunday
evening in the City. A horse drawing a chaise cart,
in which were Mr. and Mrs. Chappel, residing in Walbrook,
their child, and a friend, took fright, and the parties were,
one after the other, thrown out. Both wheels of the vehicle
were torn off, and the horse dashed along Cannon-street
and proceeded into Gracechurch-street, where it knocked
down two gentlemen, a female, and a child The parties
were taken at once to St. Thomas's Hospital, but one of
the gentlemen died before the building was reached. The
others were attended to and sent home. The following is
the description of the deceased :—About 30 years of age, 5
•
feet 9 inches dressed in a
, fair complexion, brown hair 9 _
Purple brown overcoat, and black undercoat, black waist-
Tat 9 and checked trowsers, Wellington boots, drawers,
flannel waistcoat, and white shirt, marked " W. Pellow."
The 'warlike movements in Austria and Italy
continue thus far to be extraordinarily profitable to the,
Lonlbardo-Venetian. Railway Company. The traffio for
the week ending the 28th ult. was £21,969 on the Trieste
and £9,246 on tho Lombard line, against £13,881 and
£5,519 in the corresponding week of last year. The total
increase was thus £12,175, or 64 per cent. The aggregate
litileage was 361 miles in 1859 against 299 in 1859.
PERUVIAN GUANO.—A Parliamentary copy of
correspondence on the subject of Peruvian guano has been
published. It merely consists of a letter from Lord Malmes-
bury, dated the 28th of July last, to Senor do Rivero, the
Peruvian Minister in this country, urging that a reduction
of price is greatly desired, and that it would benefit Peru
by causing an increased consumption, and a reply from
Senor de Rivero that he would call the attention of the
Lima Government thereto, and communicate to Lord
Malmesbury such answer as might be obtained. As five
months have since elapsed it may be presumed the repro
sentation has received no more notice than is usual in cases
of business with Spanish-American authorities.

CHURCH-RATES.--A blue book published on Sa-
turday contains returns relative to church-rates in the pro-
vinces of Canterbury and. York. From s. summary of these
it appears that there are in the two provinces 10,206 parishes,
in which the sum of £1,159,596 has been expended during
the last septennium for church purposes (being an average
of £594,228 a year) : that £2,138,057 was expended on the
Maintenance of the churches and churchyards ; £1,151,369
for the celebration of Divine worship ; and £628,011 for
other
purposes. The money was raised as follows—viz.,
£1,741,872 by church-rates, £306,315 by special endow-
nients) £1)746,797 by voluntary rates or subscriptions. In
7,031 eases the present state of repair 'of the church and
graveyard is " good," or "very good ;" in 1,308 cases it is
Pretty good,
fair tolerable, or decent ;" and in 1,607 cases
the state of repair is " wretched, buildings dilapidated," &c.
In 1,367 cases the landowners are "all Churchmen," in 7,436
they are " Dissenters and aboutm and in 1,050 cases they are
equal."