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
homes 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-
vernment contracts. At Sheffield and Wolver-
hampton 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 he transactions were to a fair extent, and
Nees exhibited an upward tendency.
A quiet demand still prevails for discount accom-
modation, both in Lombard-street and at the Bank.
Te-Morrow almost a million sterling will be
Inquired 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-
inues restricted, but for this movement their
liquidation will probably create rather more acti-
litY in the discount market.
On Saturday about £ll,OOO, in gold, was taken
to the Bank, and a large portion of the Austra-
-41, 11 supplies announced on Friday will probably
°Llew in the course of a few days.
At the half-yearly meeting of the North Stafford-
!lre Railway Company to-day a very satisfactory
report was read, showing a considerable increase of
enabled to declare a dividend at the rate of 21 per
toellt- per annum on the shares of the company, and
The a considerable sum to the next account.
chairman, Mr. Broderick, complimented them
all the satisfactory terms come to with the London
competition. The report was adopted unani-
mously.
for he announcement for the new Austrian loan
1,,,_ £6,000,000 was not unexpected, but it
'4B naturally created much discussion in financial
and stock exchange circles. Although the terms
e Considered liberal, it is much doubted whether
the
,„ appeal will be readily responded to by the
ruled interest. The amount required is con-
ierable, and, owing to the discount to which the
Gently contracted loans have declined, together
with the uncertainty attending the political horizon
r°lload, it is much doubted whether the negocia-
ThlLB, even of an eminent financial establishment
ee that of Messrs. Rothschild, will be successful.
ue nominal price already quoted for the new
Beelllity is 2 per cent. discount.
The introduction of the Austrian loan pro-
reed an unfavourable influence upon the English
ii'nek Market, but at present the decline exhibited
„3' the latest quodttions is only per cent. This
kkehably arises from a conviction that the loan will
noto be subscribed in the present state of public
ee'lliun with regard to political affairs on the
hitatineut, and especially in the south. Consols
to been 95: 1, and at one time ,a fraction
liolveri for money, as well as account, but the market
ThWtl appears a shade stronger. For the March
enient the price is about 951 :. The New
and the Reduced Annuities are 951 961;
37 dla Debentures, 991 ; Exchequer Bills, 345. to
88. Prem.; and India Bonds, 22s to 265. prem.
purPeculation is exceedingly dull, and the sales and
business
of money-stock are very much restricted.
anausiness in the Foreign Market is equally dull,
per rthe quotations tend downwards. Turkish 6
a!„ 'cuts. are 901 to 901; the New Loan, 781 79
.'lleirto Scrip, second issue, 61 to 6 dis. ; and the 4
C3ents., 1051. Spanish 3 per Cents., Deferred,
to 30g, 30Ir ; Sardinian 5 per Cents., 841 851; and
b„,1411 41 per Cents., 100. Mexican Bonds are
9-7,riced 20 to 201; Brazilian 41 per Cents., 94 to
11',; and Peruvian 41 per Cents., 911.
I,..'usiness in the Railway Share Market has been
tte:3' inactive, and the few dealings reported show
Cther decline. Eastern Counties, Great Western,
gilt(); South-Western, North-British, North-
terern (Berwick), and North-Eastern (York) re-
nell Ss. ; Lancashire and Yorkshire, 10s. ; and
Caledonian, £l. The Foreign lines have been very
'pet. Lombardo-Venetian have declined 55., and
Northern of France ss. The Colonial lines are flat.
pt/st Indian have declined 10s., and Great Indian
e,niusular
Joint-Stock Bank and Miscellaneous Shares have
heaell in steady demand, and in one or two instances
I,,ve realised rather higher rates. London and
estminster improved ss. ; Ottoman Bank, ss. ;
Batik of Australasia, ss. ; and Peninsular and
Ilental Steam improved 10s.
$
,_ BRITISH FUNDS—CLOSING PRICES.
k'Cr Cent. Reduced Annuities 96 / 5/
xPer ent. Consols Annuities
ll'' 3 per Cent. Annuities . 96 51 61 51
1.:17 2f per Cent. Annuities 7
bp-nnuities, expire sth Jan., 1860 193-16
30 Years, expire 10th Oct., 1859 1516
!40 ao 'Years
11,,7a Stock 'expire sth Apr., 1885 lBl
ti,t22 1
Ditto Debentures 991 1
eon Bonds, £l,OOO
sols for Account
Exel, March June.
bittmeglier Rills, £l,OOO, 2d. & 11d.. 35 4 37 4
Ditto
35 4 34
lld.
ts
41FOREIGN FUNDS—CLOSING PRICES.
Ditto
5 per Cent.
11:-..tto 18.58, 41 per Cent 941 4
,lieu, 3 per Cent
I):Jitto Account
Ikvian 41 per Cent
rian, 1822, £ St., 5 per Cent itto 41 per Cent.
5 per Cent.
s itto Account
111/1811 3 per Cent
"to New Deferred, 3 per Cent....... 301-
bitt
Is„..t. 0 Account .. 30 it
7,eli 6 per Cent
''.i!tto Account
1 1
r Ditto New Loan
Di Account
ite Guaranteed, 4 per Cent.
pre_c. Dividends on the London.
& above payable in
9,onfdon.
Rentes, 41 per Cent. Ex. 25f 7
Dutch, 10 GIL 5 per Cent.
121 Gt-11. 21 per Cent 651
' Certificates, 4 per Cent.

THREE O'CLOCK.
Conso
Consols, Money 95&
ls for Account, Feb. 8 95 f

'rut
NtA MAID, SERVICE.-THE TRIAL TRIP OF THE
Ptort,llBlUP NEPAUL.—The Peninsular and Oriental Com-
ersi i," QB,llew screw steamship Nepavl, built by the Tham
§ "41P-building Company, left the Southampton Dock
Rkernrday, under the command of Capt. Hicks, to test her
beam at.,. the measured mile at Stoke's Bay. There were on
directorsd • Allen, Esq., and G. Oldney, Esq. (managing
kr.),; Capt. Engledue (the company's superintendent),
tidrc, ',le (superintendent eng;neer), Messrs. Hughes and
it 1,,," kAtimiralty surveyors), Messrs. Humphreys and
ger ant (Ligineers), Capt. Ford and Mr. P. Rolt (of the
I•o4hboildiug Company), &e. The day was somewhat
golith ' and the wind was blowing very strong from. the
az4. ,rest. Four successive trials wer ade with and
1114 the tide, giving the following resrlts :
m. S. per hour.
First mile 4 40 equal to 12.857 knots.
„sgeeond do 452 ,y 12.287 ~ -
bepird do
14;
._1)11.1th do ********
457 7, 12.121 „
c1'1C1.,74 average of about 121 knots per hour. The draught
21; -;,"1' at the main was 14, feet ; vacuum, 24 , steam,
thevli.luti°llB, 74. This result is extremely satisfactory,r
(200 \ere 'Las no ship yet been constructed of the sametpowe
tkrili that has accomplished so great a speed. On here-
fqe ~t°,iB4uthamptonher sailing qualities were tried. Her
ti4,l-j•,,1 aft canvas only was set, and the topsails simply
tiver„awpd) and under. this sail alone she attained a speed
100(ig`lig 13i knots er hour. Her capacity is rated
lii tfts a d •13
eboa, 0 n she is most elegantly fitted. She has six
itrm:'"allging over her bulwarks, in which there is
kft‘,'_ room, should any disaster occur, for the passengers
hekrue whole working foie° „p f 'the 51,44,1130 1T psi 1°
by ettlfpatllny
.fitted up, is weriniinte4 4, an 14.0,- • mks. She will proceed to 1.111-awrislelibllese°omnntlh6nedledst
44) and convey the maiki 44d pusyngersiroua theme to
4444ria.