The Sun.
London, England, 1859-02-01 00:00:00

ZONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.

Very little animation has been apparent during
the last few days in the market for foreign and
colonial produce. Tea has been exceedingly firm,
Prices showing an upward tendency. In sugar
the chief transactions have been in the strong
lefining qualities, which have realised fully
'ate values ; while the fine grocery descrip-
tions have been neglected. In the refined
Market only a limited amount of business has been
done at about late quotations. For coffee there
has been a steady enquiry, and good qualities of
Plantation Ceylon realised full values, the demand
being chiefly for home consumption. Rice has
been dull, and in spices the transactions have been
Unimportant, with the exception of the cinnamon
'ales, at which an advance of ld. to 2d. per lb.
tA34 place on most descriptions compared
With the rates current at the last pub-
u° auctions. Saltpetre has exhibited little
activity, and few dealings have been reported. In
tallow a moderate amount of business has been
recorded, and in consequence of the high rates
anrrent at St. Petersburg, prices here have con-
tinued very firm., P.Y.C. OR the spot being, quoted
538 6d., March delivery 53s 9d., and last three
tenths 535. 3d. per cwt.
In the Liverpool Cotton Market yesterday rather
UlOre animation was apparent, and previous rates
Were fully supported. The sales amounted to
I°,ooo bales. In Railway Shares the transactions
Were very moderate, and prices slightly receded.
gold was taken into the Bank
y.pstenlay, and it is expected that the
etion of the Australian remittances v--
a !ow 60 the national establishment.

At a meeting of the Stock Exchange Committee
Yesterday the 7th February was appointed a special
settling fray in the Victoria (Australian) Railway
Loans, and the Scottish Australian Mining Com-
L'aY's shares and transactions in these securities are
I be officially marked.
The demand for discount accommodation appears
tol have slightly increased, but this was to have
been expected, owing to the payments connected
nth the Victoria Railway debentures and the
l'reParations for the commercial bills falling due
On the 4th of the month. The current wants of the
;';')lnraercial community are not very extensive,
ihilt there can be no doubt that they are
i—fcreasing, and during the next few months
is hoped that a larger amount of capital
be circulated in trading channels than for a
long time past. With regard to the new Austrian
there' no definite opinion can yet be formed ; but
;ere is reason to believe that it will not
debt of
with adequate support. The enormous
eI4 of Austria, together with the threaten-
fe state of affairs in the south of Europe,
tnli a decided obstacle to the contraction of any
tgrther loans, and although £BO for every £lOO
6t°elc may at first sight arrest the attention of the
Cesting public, it is imagined that after due
I:l,ntrY and reflection they will withhold their
Ilkistance. At the sametime, however, the connee-
,7lsof the eminent firm which has undertaken the
I;ntract are so wealthy and extensive that it would
of the sat_ssulning too much to predict the ultimate failure
The
operation.
the
following is an extract from the report of
" directors of the London Discount Company,
Zesented at the meeting now assembled :—" After
40 payment of current expenses, making an ample
te
, bate
for loss on overdue bills, and allowing for
ate of interest on bills not matured, the avail-
"mlsurplus amounts to £6,142 Bs. 7d. This resultt
4:2°,8 the directors to recommend a dividend for
fr,alf-Year at the rate of £5 per cent. per annum,
eof -income tax, which will absorb £4,548
aB. 2d., leaving a balance of £1,593 14s. sd. to be
tried to the credit of the next year half-yearly
„ ""e°llrit."
Early I •
n the day the market for Public Securities
juveated very depressed, and a slight decline
ob,sued; but more firmness has since been visible,
lng to few speculative purchases. Consols
C a.
Ze been
_951 t, but they have since rallied to
for money and the Bth inst. The amount of
tutilnless recorded up to this hour has been limited.
lk stock is depressed at 22'71. The New Three
Per Cents.
Cents. are marked 95-I to 96, and the Reduced
Annuities, 951 96. Long Annuities are 18/. Ex-
pecii4er Bills, 345. to 375. prem., and the Bonds,
a
best I. India Loan Debentures are 981 to 991,
Cg very heavy, and the Bonds are firm at 225.
26% prem.
The following is from the Committee of Mexican
Bondholders :
p:41'111e committee have received advices from Mr. White-
'l7, Way of the.. United States, dated Mexico, the 4th
keket-tte refers
stdo his letter of the Ist inst., by the direct
144„,.. (Which ue to-morrow), and adds that General
62,70,7311 had on the 2d inst. been elected as President by
c.34._." against 48 in favour of General Robles, who had
anted to remain in charge of the supreme authority
kill° arrival of the former. The members of the late
keZat, stration believed that General Miramon would not
of
r: the Presidency, but restore things as they were, but
Robes considered that unlikely. In the meanwhile General
fic_s 40 called the merchants together for an advance on
t,"Bltmo duty on their goods now in Vera Cruz, but
veratient a result. An English naval force seemed to be at
hitt:111; as Mr. Whitehead had applied to Mr. Otway to
r
sh,. et Captain Dunlop, R.N., on the subject of the rais-
tLaPriations of the funds of the bondholders for a long
-"va Past at Tampico."
I:en. Poreign Securities a rather large business has
802. transacted, and prices have been subjected to
e flactuation. Turkish 6 per Cents. are 901
bona; the New Loan, first issue, 781 to 79 ; ditto
dis, sue, 71 to 7 dis. Chilian Loan is 3to 2
Braziliandi
5 per Cents. have advanced to 1021 ;
,140
(1829 and 1839), Ito 1011 and Dutch 21 per
71318°) to 66. Chilian 6 per Cents., however, have
Weeded to 1031 ; Danish 5 per Cents., to 1041 ; and
aitanisll Deferred, to 30. Peruvian 41 per Cents.
de.„fi. rill, at 911 to 92 ; but the 3 per Cents. have
441ned to 71. Portuguese Bonds are steady, at
to 471.
Austrian •
o,_ scrip has risen to / to t premium,
''.N• to some influential purchases.
~.1,11 the Railway Share Market a moderate amount
have
has been transacted. Prices however
ee4-4_ e shown a further decline of about 1 to t. per
et•Caledonians, Lancashire and Yorkshire,
'llth-Western, Midland, and North-Eastern
T!rwick) declined 10s. ; North• Western and North-
Nish, ills. ; and South-Eastern, ss. The
DForeign lines are flat, particularly Paris and
ons, and Lombardo-Venetian. The former
~a're receded 55., and the latter about 10s. In the
Colonial Market East Indian declined ss. ; Grand
Trunk of Canada, 10s. ; and Great Indian Peninsu-
-14, Ll.
loint.Stock Bank and Miscellaneous Shares are
native, and mostly at a slight decline on former
tales. London and County receded ss. ; Western
and of London, ss. ; Electric Telegraph, 10s. ;
-reninsular and Oriental Steam, 10s.

tRITISII FUNDS THIS DAY AT ON2E27IO'CLOCK .
lit per
Stock
3 Cent. Reduced Annuities 951 6
1
4"
~ i
Cent. Consols Annuities
Low '-' Per Cent. Annuities
96 51
11P.' Annuitic , eire sth Jan., 1860* '• ' —l5 .16
Ditto 30 Yeasrs expire 10th Oct., 1859
_1
tiitclito4
Ditto 30 „
Toset_iirvars, expire sth Apr., 1885 lB4
ukHhentures 9B 9;
Consul foils,lk £l,000
nsols Account 951 i
June.
March
.xo,
b., 'equer Bills, £l,OOO, 2d. & Ifd.. 37 P I 37 4 p
ritto Bills, lid.
'-'l(elleciller Bonds, 1859, 31 per Cent ...71001 i
....
prtxr,,
brzii-zus
SOF FOREIGN FUNDS AT ONEIO2 O'CLOCK
bli,itto 1829Pe&r 39e,n5t per Cent lOll
1)71411, 6 Per Cent
1)11Y411, 1825, 3 per Cent.
Poi.ultt° 5 Per Cent
_
Irn
dittoto Amount 3 ijent.
b_--'itto Account
' erto.„,
461,
bitcreeco, 1in.85t3, 3 per Cent.
47/
Parish 3 per Cent —
30
'rittkiti:o3ll:6ccepwerDceefnerjede, 3 per Cent
901
901
Ditto xelvorot
Ditto Accelnir 7Bl
b bividen,ds on the above payable in London.
'ltch xchange, 12;Guil. 21 per Cent_ 66 _

Consols, TWO O'CLOCK.
Money
958Consols for Aceornt Feb. 8 951

~TAE DUTY ON R fromn
ttl AA
.7n issued, that in the year ended the 31st March
duty on railways was £348,611.