The Sun.
London, England, 1859-01-31 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

Accounts from the manufacturing districts men-
tion that during the past week less activity has
been. apparent in most departments of business.
The woollen cloth trade at Leeds has been Steady,
but not brisk; light fabrics suitable to the spring
trade are in fair demand, and some of the shipping
houses are moderately active with orders for the
United States. At Bradford the dealings in wools
and yarns have been limited, at barely previous
rates. Piece goods have been inactive, but little
alteration can be reported in values. At Man-
chester the market has been very quiet throughout
the week. Cloths suitable to the India and China
Markets realised steady rates, but for the home
demand there was little business. At Leicester
the hosiery trade has been less active, although
good useful articles continue in fair demand.
Wools and yarns continue at steady rates. The
reports from the iron districts of South Stafford•
shire continue satisfactory. Orders have increased,
and fresh furnaces have been put into operation.
At Birmingham business continues to improve, and
most of the operatives are fully employed on Go-
v, ernment contracts. At Sheffield and Wolver•
aanipton there has been little variation of import-
ance in the various manufactures of the districts.
in the hardware and lock business, however, rather
more activity is apparent, some large orders for the
United States having been given out.
The Liverpool Cotton Market on Saturday closed
with a very heavy appearance, and 6,000 bales
were disposed of at previous rates. In Railway
Shares the transactions were to a fair extent, and
Prices exhibited an upward tendency.
A quiet demand still prevails for discount accom-
nu:dation, both in Lombard-street and at the Bank.
're-morrow almost a million sterling will be
required for the Australian Railway Debentures,
but this has no doubt been amply provided for,
otherwise an augmented inquiry would be per-
ceptible. The commercial engagements of the 4th
are not supposed to be very heavy, as trade con-
,t.inbes,restricted, but for this movement their
liquidation will probably create rather more acti-
vity in the discount market.

On Saturday about £ll,OOO, in gold, was taken
into the Bank, and a large portion of the Austra-
l"' supplies announced on Friday will probably
follow in the course of a few days.
At the half-yearly meeting of the North Stafford-
shire Railway Company to-day a very satisfactory
report was read, showing a considerable increase of
traffic. The directors, after reserving £2,000, were
enabled to declare a dividend at the rate of 2 per
!ell& per annum on the shares of the company, and
to carry a considerable sum to the next account.
The chairman, Mr. Broderick, complimented them
°II the satisfactory terms come to with the London
and North-Western Company for the cessation of
emnpetition. The report - was adopted unani-
Mously.
for he announcement for the new Austrian loan
£6,000,000 was not unexpected, but it
has naturally created much discussion in financial
and stock exchange circles. Although the terms
are considered liberal, it is much doubted whether
he appeal will be readily responded to by the
monied interest. The amount required is con-
siderable, and, owing to the discount to which the
recently contracted loans have declined, together
With the uncertainty attending the political horizon
abroad, it is much doubted whether the negocia-
ti.,.°llB, even of an eminent financial establishment
like that of Messrs. Rothschild, will be successful.
The nominal price already quoted for the new
security is 2 per cent. discount.

The introduction of the Austrian loan pro-
duced an unfavourable influence upon the English
stock Market, but at present the decline exhibited
by Pie latest quotations is only per cent. This
Probably arises from a conviction that the loan will
not be subscribed in the present state of public
11:„Pillicol with regard to political affairs on the
Continent, and especially in the south. Consols
have been 951, 9, and at one time a fraction
loWer, for money, as well as account, but the market
ur)
te:W„ appears a shade stronger. For the March
Threes
the price is about 951 I. The New
India
and the Reduced Annuities are 952 96i;
Debentures, 991-- 1; Exchequer Bills, 345. to
37s

prem.; and India Bonds, 22s to 265. prem.
Speculation is exceedingly dull, and the sales and
Otchases of money-stock are very much restricted.
Business in the Foreign Market is equally dull,
and the quotations tend downwards. Turkish 6
Per Cents. are 901, to sot ; the New Loan, 781 79 ;
tto
p, second issue, 61- to 6 dis. ; and the 4
Per Cents., 1051. Spanish 3 per Cents., Deferred,
are 30 30k; Sardinian 5 per Cents., 841 ; and
4lnssian 41 per Cents,, 10.0 t. Mexican Bonds are
narked 20 to 20k; Brazilian 41 per Cents., 94 to
; and Peruvian 41 per Cents., 911.
Business in the Railway Share Market has been
very inactive, and the few dealings reported show
a further decline. Eastern Counties, Great Western,
Brighton, South-Western, North-British, North-
astern (Berwick), and North• Eastern (York) re-
ceded ss. ; Lancashire and Yorkshire, 10s.; and
Caledonian, £l. The Foreign lines have been very
Wet. Lombardo-Venetian have declined 55., and
Northern of France ss. The Colonial lines are flat.
East Indian have declined 10s., and Great Indian
Peninsular £l.
Xeint-Stock Bank and Miscellaneous Shares have
been in steady demand, and in one or two instances
have realised rather -higher rates. London and
Westminster improved ss. ; Ottoman Bank, ss. ;
Bank of Australasia, ss. ; and Peninsular and
Oriental Steam improved 10s.
13R

ttITISH FUNDS THIS DAY AT ONE O'CLOCK.
„3 Per Cent. Reduced Annuities 96 3 51
~.4 Per Cent. Consols Annuities
tew 3 per Cent. Annuities 96 53 63
Neer 25 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 1 3-16
Ditto 30 Years, expire 10th Oct., 1859 15.16
India Stock
Ditto Debentures 993 3 It
Ditto Bonds, £l,OOO
Consols for Account
March June.
Exchequer Bills, £l,OOO, 2d. & lid.. 35 4 I 37 4
Ditto £500
Ditto Small, 1sd.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK
Brazilian 5 iler Cent.
Ditto 1858, 41 per Cent. 943 4
Mexican 3 per Cent
Ditto Account
Peruvian 43 per Cent 913
Russian, 1822, £ St., 5 per Cent —
Ditto 41 per Cent
Sardinian, 5 per Cent —
Ditto Account . 843 3
Spanish 3 per Cent.
Ditto New Deferred, 3 per Cent....... 303
Ditto Account
Turkish 6 per Cent
Ditto Account
Ditto New. Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable In London.
Dutch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.

Consols, Money - 9ss t
Consols for Account, Feb. 8.:.... 951 t

THE MAIL SERVICE.—THE TRIAL TRIP OF THE
STEAMSIIIP NEPAVL.—The Peninsular and Oriental Com-
pany's new screw steamship Nepaul, built by the Thames
ron Ship-building Company left the Southampton Dock
nu Saturday, under the ,hem of Capt. Hicks, to test her
sPeed at t easured mile at Stoke's Bay. There were on
board J. Allen, Esq., and G. Oldney, Esq. (managing
directors) ; •Capt. Engledue (the company's superintendent),
Mr. Lamb (superintendent engineer), Messrs. Hughes and
Luke (Admiralty surveyors)h Messrs. Humphreys and
Tennant (engineers), Capt. Ford and Mr. P. Rolt (of the
Ship-building Company), &c. The day was somewhat
rough, and the wind was blowing- very strong from the
south-west. Four successive trials were made with and
against the tide, giving the following results :

M. B. - per hour.
First mile 4 40 equal to 12.857 knots.
Second do 452 lf 12.287 „
Third do
Fourth do.
being an average of about 12i knots per hour. The draught
of water at the main was 151 feet; vacuum, 24 ; steam,
21; revolutions, 74. This result is extremely satisfactory,
as there has no ship yet been constructed of the same power
(200) that has accomplished so great a speed. On the re-
turn to Southampton her sailing qualities were tried. Her
fore
rveraitongndaft canvas only was set, and the topsails simply
iineleived, and under this sail alone she attained a speed
lifeboats
ha
over her bulwarks, in which there is
ample room, should any disaster occur, for the passengers
laslld the whole working force of the ship. The Nepaul is
j3ealltifully fitted up, is well manned, and will be commanded
y Capt. Hicks. She will proceed to Marseilles on the Ist
Pre" and Convoy the mails and passengers-from thence to
exandna.