The Sun.
London, England, 1859-07-04 00:00:00

MOIV.EI MARKET AND CITY NEWS.
CITY, Two o'CLocK.
The advices received from the manufacturing
disfricts are generally of a satisfactory character.
At Manchester during the past week there has been
a moderate inquiry for heavy goods; articles suit-
able to the Indian markets have also been in fair
demand, and priceashow a slight improvement. At
Leeds the attendance of buyers in the various I st
cloth halls has been above the average, and a satis-
factory
amount of business has been done, chiefly in
heavy and medium fabrics, for the autumn and
winter. Wools have been at full rates. Worsted
yarns at Bradford have been in moderate request,
at firm prices, and piece goods have been rather
largely dealt in both for the home trade and for the
United States. The hosiery trade of Leicester con-
tinues active; and several branches, particularly st,
the worsted department, have been more animated
than usual at this season of the year. At Notting- 81
hair there has been little improvement to record in St'
the lace market. At Birmingham the general trades st
of the town and neighbourhood have undergone si
little alteration ; prices, however, continue steady. S 1
At Wolverhampton and Sheffield there has been st
no material alteration in the state of the hen trade, gt
business in most departments being exceedingly St
dull. st,
st,

Advices from New York report continual firm-
ness in the rate of exchange upon England, and in
to
consequence of the efflux of gold, the specie in the st
city banks had been reduced to £4,640,000. 1
The arrivals of specie this morning include 2
£51,644 from the Brazils, by the Tyne, £7,000 by
the Alhambra from Lisbon, and £100,279 by the st(
City of Washington from New York. st
The increased activity occasioned in discount st,
circles by the commercial engagements due to-day,
the 4th of the month, and the numerous payments Si
which have been completed during the last few ' si
days, in connexion with railway calls, have im- sl
parted more firmness to the rates of accommodation;
but the alteration, after all, is merely fractional, 1
and is likely to be of a temporary character. Up
to the present time commercial as well as joint- s
stock enterprise is too much restricted to promise si
an immediate • and important extension of the de- gl
mand for money, and, under these circumstances, a
permanent reaction in the tendency of the market
is scarcely anticipated.
In the Market for Public Securities to-day a s
moderate amount of business has been transacted, S
and prices have advanced nearly 1 per cent. This
improvement is attributable to the favourable
advices from the Paris Bourse, which have induced s
a few purchases. Speculation, however, is dull, as
usual, just before settling day. Consols have been
931 t, and they are now 931 1. The New Threes
have improved to 931 94 ; the Reduced to 931 94 ;
and India Loan Scrip to 941 1. Exchequer Bills
are steady, at 235. to 245. prem;

A very limited business has been transacted in
the market for Foreign Securities, but an improve-
ment has taken place. Turkish 6 per Cents. have
been 76!-, to 77.1 and 76 to 78 ; the New, 63 to 64,
being now 62 to 64 ; Spanish 3 per Cents. were
411 ; ditto Certificates 4 ; Austrian 5 per Cents. gtt
47 to 48 ; Mexican 18 to 181 ; and Brazilian 41 per
st
Cents. 92. . st

A moderate degree of activity has prevailed in
the Railway Share Market, "rid prices have fully
sympathised with the improvement in Consols.
Edinburgh, Perth, and Dundee, North-Eastern
(Berwick), and South-Eastern, have improved ss.
Eastern Counties, Great Northern, Great Western,
and Midland, 10s. ; and South-Western, £1; North-
Western have declined about 10s., and Brighton,
£l.

The Foreign lines are inactive but prices are firm.
Lombardo-Venetian old shares are 71, 71-, and the
new 7 to 7-1-.
In the Colonial Market prices are also a shade
firmer. East Indian have improved to 1021 ; Grand
Trunk of Canada to 344- 35 ; and Great Western of
Canada to 15 ; Great Indian Peninsula are steady g
at 981 99.
Joint-Stock Bank and Miscellaneous Shares con- g
tinue to support previous values. Bank of Lon- g
don and Union of London are at former quotations;
Canada Land improved to 113 ; Red Sea Telegraph
to 101 lot ; and Royal Mail Steam, 52.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
3 pa. Cent. Reduced Annuities 931 * 4
;I ew 3 per Cent. Annuities
India Stock
Ditto Loan Scrip
Consols for Account (Jely 8)
b xchequer Bills, £l,OOO, lid 23 4 p
Eit io £5OO
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK
Brazilian 5 per Cent.
Ditto 1858, 41 per Cent 92
Mexican 3 per Cent.
Ditto Account
Spanish 3 per Cent
Spanish Com. Cert. of Coup. not funded 4
Turkish 6 per Cent. —
Ditto Account
Ditto New Loan
Ditto Account , . 631 3
Dividends on the above payable in London.
Austrian, 10 Fl, 5 per Cent... 4B 7
TWO O'CLOCK.
Consols for Account, July 8 .... 93/ i x d

THE POLYTECHNIC INSTITUTION.

The fate of the Polytechnic is sealed. It had
been doing well up to the occurrence of the lament-
able accident in January last, when the losses in-
curred in the way of compensating the sufferers,
above fifty in number, and in litigating certain sl
cases of extravagant demand, swallowed up its si
available resources, and popular philosophy became sl
insolvent. In the person of the Polytechnic, science a
and reasonable amusement for the people are de-
clared bankrupt, and that without a dividend. A
property which cost £35,000 and which is still
thought worth £20,000 for the 'purpose of a Poly- si
technic may be had for less than half the latter sum; si
and yet there are no bidders. The directors of the El
old society, who are best acquainted with its capa- si
bilities and. prospects in a commercial point of view, Si
subscribe about £l,OOO in new shares, with a view gl
to create a new company, and two liberal gentlemen
in the City offer another £l,OOO ; and at this total !,
at present the enterprise stands, In another week
it will be too late to save from sacrifice and ruin I
piecemeal the most,deservedly popular, useful, and EA
morally unobjectionable place of public amusement st
in this metropolis. Shall it be said of London that a,
its vanity or profligacy can better support a thou- st
sand saloons than one Polytechnic ?—that vice and St
folly prosper where science and morel:Ay fail?
Sj
Where are the christian public of London? They
can subscribe for parks, play-grounds, drinking- L
fountains, and other out-of-door summer recreations st,
for the people, to draw them away from the un-
wholesome excitement of the gin-palace, beer-shop,
or casino ; but some thought should be given for
in-door winter entertainments. Shall the failure
of the Polytechnic discourage every similar effort
to elevate the moral taste and intellectual tone of

_
the popular mind ? A grave responsibility rests
somewhere, and that of the most gratuitous charac-
ter, as we are credibly informed that £lO,OOO would
set the good old barque afloat again, with the cer-
tainty, under right direction, of a return of at least
five per cent. upon the reasonable amount of capital
required to work the concern, when relieved of its
present incumbrances.—Builder.

A letter from Naples, of the 26th June, says :
" Great anxiety is expressed here to ascertain the
nature of the instructions of which Baron Brenier,
the French Minister, is the bearer, but the Baron
since his arrival had not shown any disposition
to gratify the public curiosity ; on the contrary,
he has maintained the strictest reserve. The
French Minister had his second reception yester-
day, and nobody doubts that he has given his
Majesty most excellent advice. M. de Salmour, the
Sardinian Plenipotentiary, is about, it is said, to
quit Naples, not very well satisfied with the
result of his mission. He was received with all
ordinary diplomatic forms, but the Government
took care to avoid all conversation on political mat-
ters. His object was to obtain from the Neapo-
litan Government a military demonstration in the
direction of the Adige, and he gave the King to
understand that by so doing he would secure for
himself at the conclusion of the war the posses-
sion of certain provinces which would give him a
considerable extent of territory on the coast
of the Adriatic. The Pope should be indemnified
by other possessions. The King is said to be well
disposed to grant the reforms demanded, but he is
not sufficiently firm, and it is feared that the
uncertainty which prevails may produce serious
embarrassment. Gen. Jschitella has been definitively
named Major-General of the Army, which is regarded
as a good omen. The Duke de Devina, one of the
wealthiest proprietors in the country, and son-in-
law of Prince Satriano, has been appointed to present
the compliments of the King of Naples to the King
of Sardinia. There has been a popular demonstra-
tion made at Messina to the French Admiral on his
passage to yenicp,,,

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