The Sun.
London, England, 1859-01-25 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLooK.
The Foreign and Colonial Produce Markets dur-
ing the last few days have been rather quiet. Tea,
since the advices by the overland mail were received,
has been exceedingly firm, and prices have an
upward tendency. For sugar there has been only
a limited inquiry, chiefly for qualities suitable for
home consumption, and prices have exhibited little
variation. Coffee has been dull, as also rice, spices,
and fruit. For saltpetre there has been an active
inquiry, and the superior qualities have shown a
slight advance. Tallow continues in steady request,
and late rates have been fully maintained. P.Y.C.
on the spot commanding 535. 3d. per cwt. ; March
delivery, 535. 6d. ; and last three months, 51s. 9d.
to 525. per cwt.

The Liverpool Cotton Market yesterday closed
heavily, and 8,000 bales were disposed of, at about
previous quotations. In Railway Shares rather
more animation was apparent, and prices were
firmer.

Increased easiness is reported in the general dis-
count market, accommodation having been obtained
as low as 2 per cent. during the last few days. '
Owing to the absence of vessels from Australia
small quantities of gold are being withdrawn from st st,
i
the Bank of England to pay for silver purchased st'
in Prance or Belgium, on Eastern account. Yester-
day about £12,000 was sent away, and it is ex-
pected that further parcels will follow, especially S
as the rates of exchange in India and China still
exhibit an upward tendency. Silver is firmly
supported, at previous rates, bars being quoted
ss. IZ-d. 11.
to ss. 2d. per oz. standard.
It has been announced that Messrs. Power and
I'Veatherby, who suspended daring the last half-
monthly settlement, in consequence of the panic in foreign shares, having paid their differences in full, si,
have been re-admitted by the Committee of the It:
Stock Exchange.
The half-yearly meeting of the Consolidated
Mines of Cobre Company took place to-day, at
-which a report was presented, stating that the
accounts had been received after the end
of November, but the result was not so
favourable as was expected, there having
been a falling off in the produce, compared with the
previous year, of about 80 tons. The last two
months' working, however, have been more success-
ful. The directors made a dividend of £1 per
share for the last six months, and the report was
adopted.

The market for Public Securities has again ex-
hibited indications of heaviness, the negotiation
of a few sales being sufficient to create a decline
of nearly / per cent. from the highest point
attained yesterday afternoon. Business still re-
mains in an unsettled state, but if a substantial
improvement took place in the 4Paris Bourse
renewed buoyancy would soon become apparent.
Consols opened at 951 96, and they have since
receded to 95/ 14. The Government broker has
Purchased £20,000 stock. The public continue to
invest to a moderate extent, but although they
tend to support values, their influence is
Partially destroyed by the uncomfortable feel-
ing with regard to Continental politics. The
New 3 per Cents. and the Reduced Annui-
ties are firm at 961 H. Exchequer Bills are marked
375. to 40s. prem., and the Bonds 1001, being
heavy. Bank Stock is maintained at 228, and
India Loan Debentures at 994 a. Long Annuities
have been dealt ix at 18 3.16.
Business in the Foreign Stock Market is mode-
rately active, and prices have not varied to any
material extent. Turkish 6 per Cents. are 901 to
911 ; the Scrip, first issue, 80/ to 801 ; ditto second
issue, 5 to 41 dis. ; and the 4 per Cents. are marked
105 a; Chilian Loan is 21 to 11 dis. ; Brazilian 42
per Cents. are firm at 94t to ; Buenos Ayres at
811 ; Peruvian 41 per Cents. at 92/ ; the Uribarren
at 841; and Dutch 4 per Cents. at 102 ; Russian
41-, per Cents. are steady at 100 Z to 101; Sardinian
are flat at 854'; and Spanish at 44Z.
Business in the Railway Share Market has been
negotiated to a very limited extent, and the few
dealings recorded show a further decline of about
to
per cent, Chester and Holyhead, Eastern
Counties, Great Northern, Lancashire and York-
shire, South Western, Midland, and North Eastern
(Berwick) have declined ss. ; and Great Western
about 10s, to 15s. Bristol and Exeter,
Edinburgh, Perth, and Dundee, and North
British improved Ss. ; 'Oxford, Worcester, and
Wolverhampton IL The transactions in the
Foreign
and Colonial undertakings show little
vbariation. Great Luxembourg have improved
aout se./ and Lombardo-Venetian, ss. Great
'Western of Canada declined 55., and East Indian
and Great Indian Pensinsula are at previous rates.
Joint-Stock Bank and Miscellaneous Shares aro
very dull. Union of Australia have declined 10s.,
and Electric Telegraph, lOs

BRITISH FUNDS—CLOSING PRICES. .•
13 ank
3 per Cent. Reduced Annuities 96 a
3 per Cent. Consols Annuities
I\IQ R 95/ 6 51 / 1
Loy - Per Cent. Annuities 961 1 - 1
g Annuities, expire sth Jan., 1860 — 4
Ditto 30 Years, expire sth Apr., 1885 lB 3-16
India Stock
Ditto Debentures 99 -/
Consols for Account 95 1
March June.
F
,xchequer Bills, £l,OOO, 2d. & lid.. 37 1 37
Ditto Small, 11d.
Exchequer Bonds, 1859, 3i per Cent .... 1001
Brazil
FOREIGN FUNDS—CLOSING PRICES.
• •
ian 5 per Cent.
_ Ditto 1858, 41 per Cent. 941 / I
Buenos Ayres, 6 per Cent ..
Ditto Account
Danish, 1825, 3 per Cent.
Ditto 5 per Cent.
la...eexican 3 per Cent lO5l-
~
P
otriiitytioanr 41. per Cent l9a i
_
Ditto Account
, ‘Uribarren), 41 per Cent.
''''guese 1853 3 per Cent.
Rusti ceilt
an, 1822, X St., 5 per Cent
Ditto 41 per Cent.
sardinian, 5 per Cent —
Ditto Account
Spanish 3 per Cent
..41 5
Turkish 6 per Cent.— Ditto Account
Ditto New Loan
Ditto 2d Issue
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account ..
Dividends on the above payable in London.
French Rentes, 3 per Cent. Ex. 25f.
Dutch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent .. .. 102
-Peruvian Dollar Bonds, 41 per Ct. Ex. 4s. 77

THREE O'CLOCK.

Consols, Money
Consols for Account, Fob. 8 951 I
951

Sir John Ratcliff, Mayor of Birmingham, Mr.
clerk), w • r".. Hil-
liard Alderman Holliday, and Mr. Councillor
Mr.Brig_gs,
_acc_om.-.. _
pulled by Mr. Standbridge (town
Hard (solicitor, of Gray's-inn), at the Home-
had an interview with Mr. Secretary Walpole,
plans for the
and Mr. Martin (architect),
ofrice Yesterday, and submitted to him the
...,isi prim
adaptation of the Town-hall for the trial of Nisi
causes, in accordance with the recent order in Cop
stituting Birmingham one of the assize towns of th c
of Warwick. ecilouncont3;
the
THE LORD MAYORS-DAY
k the
9th of Nov., 1855, when Mr Alderman Salomens too .
civic chair for the '. h es of the proccs
EXPENSES.—On
year ensuing, t e expen
sion and banquet amounted to £3,055 ; of this gross tot_al
the dinner cost £1,175. This, howeve.i, does not include
wine, which amounted to
the largest rte £4OB 17s. 7d. Champagne makes
£202 m mong the es, the charge being £127 16s. 9d. fora 405 bottles. win
The illuminations cost
ss. ; music, including pay to Coldstream, quadrille
band, vocalists, and trumpeters, £93 lls. ; furniture, fittings,
and upholstery are set down at £720 9s. 10d., and wider
this head, flags, banners, wands, ill • ted fruit trees,
evergreens, and armour are entered. The
of fare, tickets, programmes, and miscellaneous stationery',
amount to £244, 18s. 2d. ; the two principal items being £5O
printing of bills
for 100 bills of fare, printed on white satin—that is
108 each ; and £72 for dinner tickets, which are
poor things to what they used to be a century
ago. The procession figures for £45. 75., and the
only item of , any amount in this department is
£lO 10s. for an escort of light dragoons, " military" (of
which sort we are not informed) cost the formidable sum of
255., and mounted police 305., a " general expenditure"
makes a total of £l5B 13s. 11d. And in this liskthere rife
some curious items—namely, perfumery, £6 17s. ; Lord
Mayor's beadle £2 2s. ; four' men on roof of Guildhall,
£2 2s. ; men bringing up broken victuals, £1; Mr. Harker,
toastmaster, £2 2s. ; seven bottlemen, £3 7a. sd. ; bottle-
men for members of the committee, 28 at 12s. 6d. each,
£l7 10s. gross amount
of loving cup," 2s. ; soda water,
£6 13. The gross amount of £3,055- was apportioned for
payment as follows :—Lord Mayor, £1,427 108. ; Mr. Al-
derman and (then) Sheriff Kennedy, £713155. ; Mr. Alder-
man and (then) Sheriff Rose, £713 15s. The City Lands
Committee contributed cash £2OO, and thus the feast was
paid for. It is a popular idea that the "city"-that is, the
co
shourporation—pays for all the civic festivities ; but that idea
should by every good citizen, be as speedily as possible
proclaimed a popular fallacy.