The Sun.
London, England, 1859-06-24 00:00:00

if ONE I' MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
Rather more animation has been apparent in the
Foreign and Colonial Produce Markets during the
week, and for some of the principal staples higher
_rates have been current. Sugars have improved
6d. to ls. per cwt., and in the refined market en-
hanced quotations have been current for dried goods.
At the public sales of tea the biddings were not quite
so animated, and some descriptions were at rather
easier rates ; of 19,000 packages offered, already
7,600 were sold. Coffee has been in fair request,
_And good qualities of plantation Ceylon have realised
full values. For rice there has only been a mode-
rate inquiry, and the dealings in saltpetre have
been on a limited scale, previous rates being barely
- supported, The tallow markethas been steady, and
prices have been well maintained both for present
and future delivery.
The Liverpool Cotton Market yesterday closed
steadily, but without animation, and prices of all
descriptions remained stationary. The sales only
amounted to 5,000 bales. In Railway Shares a
fair amount of business was transacted at previous
rates.

The suspension of Messrs. Robert Brandt and
Co., merchants, of Old Jewry Chambers, was an-
nounced yesterday afternoon. The liabilities are
stated to be about £20,000, but the assets have not
been estimated.
A public Company has just been formed for the
purchase of Masters' Crystal Palace Hotel, at
Norwood, the trustees being Sir Edmund Filmer,
Bart., M.P., and Thomas N. Farquhar, Esq.
(chairman of the Crystal Palace Company), with a
capital of £30,000, in 3,000 shares of £lO each, the
deposit being £2 10s. per share on allotment. The
present building is found to be doing a steady and
profitable business, but it is quite disproportionate
to the increasing number of visitors. The object
of the company is, therefore, to enlarge it to a
commensurate extent, by which the directors consi-
der a very high and profitable return will be de-
rived for the shareholders.
The arrivals of specie this morning include
£137,560 by the Shallimar, and £21,356 by the
Annie Wilson, both from Port Philip, and 22 cases
by the Baron Osy, from Antwerp.
At Hamburg the rate of discount has been re-
duced to 11 per cent.
There were no bullion operations at the Bank of
England yesterday. The gold by the steamer La
Plata, viz., £120,000, has been taken for the Con-
tinent, together with a small portion of the recent
Australian arrivals.
The continuous influx of the precious metals is
causing a steady accumulation of bullion at the
Bank of England, and as the demand for money,
although increased by temporary arrangements,
is still very quiet, there is some expectation of a
lower minimum rate of discount. The alteration,
however, even if practicable, will probably not take
place until after the dividends are paid, but as in
the meantime accommodation on first-class bills
can be obtained at 22 per cent., temporary delay
will not be attended by inconvenience.
During tho 'Catty part of the day the Market for
Public,. Securities was exceedingly heavy, and
rather lower quotations were produced by
speculative sales. Subsequently, however, a
rather firmer tone was apparent, and the
present quotations show a partial recovery.
Consols, which were 911 92, are now 92 to 921.
It is clear that foreign political intelligence is
exercising an unfavourable influence upon the
course of quotations, and a comparatively small
supply of stock is sufficient to create depression. '
The New Threes and the Reduced Annuities have -
declined to 921, and India Loan Debentures to
94} ; the Scrip, however, is firmer, at 931 1, and
Exchequer Bills at 265. prem.
Business in the Foreign Stock Market has been
♦ery inactive, and prices are rather depressed,
Turkish 6 per Cents. being 71 to 73; ditto New,
58 to 60 ; Dutch 4 per Cents. have,receded to 961
97 ; Mexican to 171 18, and Danish 3 per Cents. to
801 ; Spanish 3 per Cents. are firmer at 411 to 42.
The market for American Securities during the
past week has not exhibited much variation.
Messrs. D. Bell, Son, • and Co. remark :—" The
market continues steady, and prices stationary.
There .has been a fair amount of business doing,
but the transactions have not been to a large extent,
or of a character that entitles them to particular
notice."

Redeemable. Prices,
United States 6 per Cents 1867-1868 -
Do. 6 per Cent Bonds
Alabama 5 per Cent. Bonds - 75 77
Kentucky 6 per Cent. Bonds lB6B-72 92 94
Maryland 5 per Ct. Str. Bonds - 93 95
Massachusetts 5 per Cent Str.
Bonds - 99 101
Ohio 6 per Cent. Stock lBB6 ' 98 100
Pennsylvania f per Ct. Stock - Bl 83
Pennsylvania 6 per Ct. Bonds 1877 83 85
T ennessee 6 per Cent. Bonds. Divers 82 84
Virginia 6 per Cent. Bonds .. 1886 85 87
Virginia 5 per Cent. St. Bonds 1888 84 86
Boston 5 per Cent. St. Bonds - 88 90
Illinois Central 7 per Cent. .. 1875 74 76
Illinois Central 6 per Cent. .. 1876 70 73
Illinois Central 7 per. Cent
(Freelands)
Do. shares, 60 dole. paid
Michigan Central 8 per Cent
Do. do. shares ..
New York Central 6 per Ct.,
not convertible .
New York Central 7 per Ct ,
convertible, from June 15,
1857-59 1864 93 91
Do. do. shares 63 65
New York and Erie, 7 per Ct ,
3d mortgage ... lBB3 62 54
New York and Erie 7 per Ct.,
convertible. 1862 30 35
New York and Erie, 7 per Ct ,
sinking fund 1875
Do. do. shares
Panama 7 per Ct., Ist mort-
gage Str. Bonds not cony.. 1859 100 102
Do. do., Ist. do.
A very limited amount of business has been
recorded in the Railway Share Market, and several
of the principal lines show a further decline.
North Western, North British, and Oxford, Wor-
eester, and Wolverhampton have receded Se. ;
Eastern Counties and Great Western, 155.; and
Caledonian, £l. South Eastern improved about
6s. ; Great Northern, Midland, and Manchester,
Sheffield, and L;ncoln, have realised former rates.

1860

85 87
41 40 dies
1869 78 82
45 48

1883 77 79

5 7

The Foreign and Colonial lines have been very
inactive, and the variations have been unimportant.
Lombarde-Venetian New shares have declined
about 55., and Eastern Bengals ss. East Indian
improved ss.
Joint-Stock Bank and Miscellaneous shares are
at slightly reduced values. London and Westmin-
ster have declined ss. ; Bank of Australasia, ss. ;
Electric Telegraph, £1; and Peninsular and Orien-
tal Steam, 10s.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities 921 1 1 1 /
New 3 per Cent. Annuities
1 1 1
India Stock - -
Ditto Debentures
Ditto Loan Scrip
Ditto Bonds, £l,OOO
Consols for Account (July 8)
k xchequer Bills, £l,OOO, lid 26 p
Ditto £5OO 24 p
Ditto Small, lid
FOREIGN FUNDS—CLOSING PRICES.
Danish, 1825, 3 per Cent.
Mexican 3 per Cent.
' Ditto Account
Russian, 1822, £ St., 5 per Cent
Ditto 41 per Cent.
Spanish 3 per Cent 42
42 1/
Ditto Account
Ditto Passive
Turkish 6 per Cent 72
• Ditto Account
' Ditto New Loan
Ditto Account
Dividends on the above parable in London.
Dutch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols for Account, July 8 .... 92} } m d

FRIENDLY SOCIETIES.—Mr. Tidd Pratt, registrar
of friendly societies in England, delivered a lecture last
night on the above subject in the school-room of St.
George's, Hanover'square. Since 1793, he said, 26,000
benefit societies had been enrolled in England and Wales,
Which was at the rate :of 400 a year. Of these 7,000 had
()eased to exist, being at the average of 100 a-year, or two
every week. This number was greatly on the increase ;at
Present there were 20,000 societies, numbering 2,500,000
*Umbers, in England and Wales. In order to insure suc-
"BB in the establishment of societies, ho would recommend
that they should insure medical attendance, allowance in
Sickness, endowments—a sum applicable at death—and a
Provision for the expense of management. The failure of
many societies arose from the false rate at which the con-
tantions were calculated. As an instance of a ni' el
etY, he called their attention to the Westminster • •
dent Benefit Society, which has been recently fo • •,;
capital of societies now enrolled amounted to £lO,
and the annual payments for sickness, Superannua • •
thattk money exatiod £1,500,000,

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