The Sun.
London, England, 1859-01-24 00:00:00

MONEY MARKET AND CITY NBTvS.

CITY, Two o'CLocx.

The accounts from the various manufacturing
districts represent that during the past week there
has been less activity in most branches of trade,
although the prospects of considerable activity are
apparent, and a good spring demand is confidently
anticipated. The woollen cloth trade of Leeds
continues steady, the inquiries being chiefly for
light fabrics for home consumption. A fair amount
of business has also been entered into for exporta-
tion, chiefly for goods suitable to the Eastern and
Chinese markets. A very limited amount of business
has been transacted at Bradford in both piece goods
and worsted yarns, although previous rates are
fully supported. The market at Manchester has
exhibited considerable steadiness. Light printing
cloths are in good demand, and prices are generally
firm. Yarns also continue at full rates, although
spinners have demanded a slight advance. Articles
suitable to the Indian and Chinese markets con-
tinue in good request. The hosiery trade at Leices-
ter is rather less buoyant, but all useful goods find
a ready sale at fully former rates. The iron trade
of South Staffordshire continues to gradually show
signs of improvement, and prices are firmly sup-
ported. At Birmingham the various manufacturing
trades of the. town and neighbourhood are mode-
rately- active, and in some particular instances con-
siderable animation has prevailed, owing to large
Government orders. At Sheffield, Walsal, and
Wolverhampton there is little change to report ;
orders, however, have been given out to a very fair
extent.

In the Liverpool Cotton Market on Saturday
continued heaviness was apparent, and prices were
without alteration. The sales were estimated at
6,000 bales. On the Stock Exchange the transac-
tions were rather restricted in Railway Shares, and
quotations tended downwards.
The general inquiry for discount accommodation
continues very moderate. During the past week
the absorption for loan and commercial purposes
has been rather limited, and hence the quietude
of the market. As the supplies are excessive,
bill-disceunters and others are willing to nego-
tiate first-class bills at a fraction under the
Bank minimum, but 21 per cent. may still be quoted
as the average valae of money on approved secu-
rities. During the next few weeks several joint-
stock companies' calls will have to be provided for,
but they are not of a sufficiently extensive character
to justif—
y the expectation of any effect being pro-
duced upon the condition of the market. Occasion.
ally a slightly upward tendency may be exhibited,
but it is generally presumed that some time will
elapse before any permanent alteration is initiated.
Owing to the delayed arriN al of vessels from
Australia, withdrawals of gold from the Bank of
England have recommenced, about £30,000 having
been taken away on Saturday. The requirements
of the exporters, however, are not so extensive as
to excite uneasiness lest any sustained efflux should
trench largely on the stock of the precious metals
in the national establishment.
The French Funds have just been telegraphed
at a further decline of 10 centimes.
A further investment of £15,000 Stock has
been made by the Government broker for the
Savings Banks.
The market for public securities opened quietly,
at previous quotations, but an improvement has
since occurred, the Funds being 1 per cent. higher.
A moderate business is reported, notwith-
standing the caution evinced by the specula-
tors, for there is a steady demand for
stock on behalf o" investor; which, besides
imparting vitality to the market, also strengthens
the quotations. Consols opened at 951 1, but
business has since been recorded at 951 H, The
New Threes and the Reduced are marked 961 .1;
and the 21 per Cents. 791. Bank Stock is 228,
and India Stock 2211 223. Exchequer Bills are
about 38s. to 40s. for those dated June ; while the
March do. are 395. to 41s. prem.
There has not been much activity in the Foreign
Market, but the quotations are firmer. Turkish 6
Per Cents. are 91 to 911 ; ditto New, first issue,
..6.,01 to 81 ; ditto Scrip, second issue, 41 to 41 dis.
UILICTOUS transactions are recorded in Sardinian,
at prices ranging from 851 to 861; Brazilian 41
per Cents. are 941; Dutch 4 per Cents., 101 ;
anpdanTisulark3irr Cents., 45 to 451 ; ditto Deferred 301,
ahil4w
per Cents, 1051.
In the R
a very
y
been on Share Market the dealings have
moderate scale. In one or two in-
stances a slight improvement is apparent, more
pabarticularly in Caledonians, which have advanced
ol't £l. In the other lines the variation has not
e zcceded above Ito 1 per cent. Great Northerns
have improved 10s. ; and Lancashire and York-
shire, and Midland, ss. North British, North Eas-
lern (Berwick), and Eastern Counties have declined
So ut SS° ; North Western, South Western, and
th Eastern realised previous quotations. The
Par •
eign lines have been steady, Northern of
beFrance, Paris and Lyons, and Lombardo-Venetian
lug at about former values. the Colonial Market Great Indian Pensinsulaln have declined
about 10s.
Joint-Stock Bank and Miscellaneous Shareshave
been in very limited request. London and West-
Nnster declined ss. ; Ottoman Bank improved 55.;
Australian Agricultural, ss. ; and Peninsular and
Oriental Steam, 10s.

1, BRITISH FUNDS—CLOSING PRICES.
',auk Stock
er Cent. Reduced Annuities 96/ / 1
;
„Per Cent. Consols Annuities
'l/4.4,'w 3 per Cent. Annuities 951 ii 1 ,
96/
ew 21,- per Cent. Annuities -
"nz Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth Apr., 1885 lBk
India Stock
Consols for Accountntes
March 3 line.
Dr,
-hequer Bills, £l,OOO, 2d. & 11d.. 39 41 1 38 40
to Small, 11d38 I 38
r FOREIGN FUNDS--CLOSING PRICES.
Br 5 per Cent.
zl, Ditto 1858, 41 per Cent.94l 4
exican 3 per Cent.
Ditto Account
Ditto (Uribarren), 4/ per Cent.
Ditto 3 per Cent.
Sardinian, 5 per Cent
Spanish 3 per Cent.
Ditto Account
Ditto New Deferred, 3 per Cent. ..
, Ditto Account .. 301
ALrkieh 6 per Cent —
Ditto Account
Ditto New Loan
Ditto Account
Ditto 2d Issue
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Dividends on the above payable in London,
Dutch Exchange 12 Guil. 21 per Cent
Ditto Certificates, 4 per Cent.

. -
THREE O'CLOCK.
Consols, Money 95/
Consols for Account, Feb. 8 95/

EIItOKE DOCKYARD.—The new master ship-
Iv right of
Pembroke Dockyard has taken up his
aPPointment : he has left on leave, Mr. Edwards
dactin gin his place. Mr. Craddock, it is said, is a
disciple of the old school of naval architecture. The
greatest activity prevails in this establishment in
getting ready the various vessels on the stocks
Preparatory to the launches, the first of which takes
Place in April next. The construction of the Howe,
crew steam ship of the line, is now so far advanced
ilthat she can be sent afloat this summer. She is a
gnificent first class man-of-war, carrying 130
adside guns and one Divot gun, and is of the
4.11.1 e stamp as the Marlborough, and larger than
the Duke of Wellington, being designed to carr
I,t°
ear
than 4,000 tons. From her fine
shape and
et
1 r run she is expected to prove a noble line-of-
uattle ship.
h A Stockholm letter of January 10, says :—" The
health of the King has become much worse. The muscles
rioatve entirely lost their power, so that the illustrious patient
e only is unable to stand but even to move a limb, and the
h°llrt journal, called the Gothenburgh Journal, describes
Is condition as hopeless."
~T11F; GAItRICK CLUB DISPUTE BETWEEN Mn.
"liTtcr) YATES AND M. THACKERAY.—This long-ex-
Pti;etod case will shortly occupy the attention of the public.
action brought by Mr. Yates against Mr. Dollond, the
e'4,elet,rtry of the Garrick Club, to try the right to expel Mr.
bef,les, will be tried at the sittings after the present term
pas:rn Lord Campbell and a special jury. For some time
othe'pe matter has excited much interest in literary and
~„
teireles, and a large number of witnesses connected
14'4 he club, including Mr. Charles Dickens and other
ipel,ary illuminati, will be examined. Mr. Edwin James,
Q.`-',,_, will conduct the case for the plaintiff; the Attorney-
"4l Will rePregvilt the clefenclaza,