The Sun.
London, England, 1859-02-09 00:00:00

MON.EY MARKET AND CITY NEWS.

CITYwo o'CLocit.
A more confident feeling now prevails in most
dePartMents of business, as well as at the Stock
x.ellange, and a disposition is evinced to stimulate
an upward movement in values, notwithstanding
the continued depression of the Paris Bourse. If
the Public mind could be divested of the idea that
hostilities are still probable, there can be no
doubt that a marked improvement would speedily
"sue, and the check which has been given even to
commercial enterprise would be at once removed.
Mercantile prospects are generally considered good,
andthe advices from distant markets show that the
stock of merchandise has become much reduced
during the long interval since the crisis. The
inquiry for money on commercial account is not
very active, but a steady absorption is going on in
blest
directions. Notwithstanding the general
quietude still experienced in business, the accounts
1113/11 the manufacturing districts are quite as fa-
vourable as could reasonably have been expected,
n‘ut since the war excitement commenced it is evi-
dent that confidence has been very much impaired.
The quarterlysales of indigo opened yesterday, but
Previous , quotations were not realised, the de-
mand being very limited. This depression is
attributed to the uncertainty attending political
aff af‘rs ; but if the advices from the other side of
the Channel should prove more assuring, the exist-
ing anxiety would be alleviated, and a stimulus
given to commercial and manufacturing industry.
The Liverpool Cotton Market yesterday closed
Nrith. a very quiet appearance, and prices of all de-
scriptions were unaltered, The sales amounted to
7,000 bales. On the Stock ExChange rather more
business was transacted in Railway Shares, and
quotations were firmly supported.
A meeting of the creditors of Mr. James Purssell
t?orr place yesterday, when it was stated that the
'liabilities amounted to £35,000, including £31,000
011 account of the late forgeries. The assets are
estimated at £20,000. It was arranged that the
estrtte should be wound up in bankruptcy.
In the foreign exchanges, yesterday afternoon,
the re was no material alteration.
About £32,000 in gold was sent into the Bank
of :England yesterday.
There was a meeting to-day of those disposed to
Pro mote the establishment of tribunals of commerce
hi this country, first promoted by Mr. Lyne, with
a 'view to simplify the forms of legal procedure in
eas,za of mercantile disputes. A long report was
read of the proceedings of the past year, and the
by afforded to the select committee appointed
by
the House of Commons to inquire into the pro-
Prkity of establishing such tribunals. The com-
tlijtee urged the continuance of the public confi-
aeutee in their ultimate success, and the report was
adopted.
Ile English Stock Market to-day is decidedly
c
'llaer, but, as it is still rather sensitive, very little
kfidenee is placed in the continuance of any
I:lll?roveraent that may be produced by speculative
ra asactions. Business is now exceedingly quiet,
11,_! Payment f " differences" -arising from the
am account being the principal occupation of the
members to-day. An advance in prices here
18 dependent in a great measure upon a
1.617 ival of confidence on the Paris Bourse, but some
surprise is expressed at the unimportant effect
Which the Emperor's' speech exercised upon the
VEieltle of the Rentes. Consols for transfer have
041 958 /, and for account 951; but the present
erotations are 9511 and 951- respectively. The
Threes are steady at 95i to 96, and the
ite‘v
anced Annuities at 951 ; Exchequer Bills are
'lrked 335. to 365. preen ; and India Bonds 20s.
Prem.