The Sun.
London, England, 1859-05-23 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.
The accounts received from the various manufac-
turing districts are of a rather more satisfactory
character. In some localities a gradual improve-
ment has taken place, chiefly in the demand for
home consumption. At Manchester increased
activity has prevailed in the inquiry for India
goods. Yarns, however, have declined. A fair
amount of cloth has changed hands at Leeds, chiefly
for home consumption, and some of the shipping
houses, especially those engaged in the East India
and China trade, have been rather:busy with light
fabrics; heavy cloths, however, have been dull.
The manufacturers nevertheless are fairly em-
ployed, as large orders for army and navy cloths
have been given out. At Bradford the market has
been dull for piece goods, and rates are generally
in favour of buyers. A very limited business has
been done in yarns, both for the home trade and for
exportation. The hosiery trade at Leicester has
continued moderately active, some extensive orders
for the United States having arrived. At
Nottingham most branches of the lace trade
have been very quiet, and hosiery goods have
been in rather less demand. At Birmingham very
little change of importance has taken place in the
various trades connected with the town and neigh-
bourhood ; the demand for exports has been ex-
ceedingly inactive, although a few orders have
been received from the West Indies, but the inquiry
for the home trade has been considerably below the
average. At Wolverhampton little improvement
Can be reported in the iron trade, but as stocks are
lOvv, an improvement is confidently anticipated.
The Liverpool Cotton Market on Saturday closed
With a steadier appearance, and 8,000 bales were
sold at fully previous rates. In the Railway Share
Market only a very small amount of business
Was transacted, and prices tended downwards.
In the Corn Market to-day business has been
dull, and English wheat is nominally 2s. to 3s. per
quarter cheaper.
The directors of the Trust and Loan Company
of Upper Canada have issued their report, in anti-
cipation of the half-yearly meeting, which is con-
vened for the 31st inst. It states that during the
six months ending 31st March last the net profits
amounted to £12,051 14s. 7d., which, added to the
Sum brought forward from September last, gives a
balance at credit of revenue of £12,265 1 ls. 2d.
From this a dividend at the rate of 71 per cent. is
proposed.

To-day a call of £1 ss. or X 13,750, becomes due
on the Tralee and Killarney Railway.
There were no gold withdrawals from the Bank
of England on Saturday.
The Money Market still retains an easy appear-
ance. At the Bank of England, as well as in Lom-
bard-street, the applications continue limited, as
eornparatively little employment is found for capital
in the development of joint-stock enterprise, and
the requirements of trade, although somewhat ex-
tensive, are not productive of activity in monetary
circles. Lower rates consequently prevail. The
best descriptions of short-dated paper are nego-
tiated at 1, to 1 per cent. cheaper in the general
market than at the national establishment.
Gold is now arriving in large parcels from
Russia, but so active is the demand for France,
that a consignment of £lOO,OOO, which was
received on Saturday, was at once appropriated.
In a similar manner all the Australian and Ameri-
can gold merely passes through this country, instead
of accumulating at the Bank, but, the wants of the
exporters being met by these receipts, the stock of
bullion is maintained at a satisfactory point.
Although speculative business is very dull, there
are numerous investments, which as usual exercise
a favourable influence upon values. Soon after
the market opened, therefore, the Funds exhibited
an improvement of per cent., and as higher prices
Were expected from the French Bourse, a much
better feeling prevailed. This impression, how-
ever, has not proved correct, as the Rentes are
telegraphed at a slight decline. Consols are still
94=1, but the tone of the market is scarcely so
ann. Bank Stock has improved to 220 and 2211, the
New Threes and the Reduced Annuities to 90
and Exchequer Bills are steady at 20s. to 235.
preen.

The New Indian Loan Scrip is fiat at 21 dis.,
being marked 921.
In the Foreign Market also increased firmness
has been apparent. Turkish 6 per Cents. have
been dealt in at 61, and the New Loan at 50 51,
the latest prices being 60 62 and 50 52 respectively.
Transactions have been recorded in Peruvian 41

per Cents, at 811 ; in the 3 per Cents. at 60 to 62 ;
in Buenos Ayres, at 751, ; and in Mexican, at 161 1.
In the Railway Share Market the transactions
have been to a moderate extent, and in
several
instances prices have shown rather more buoyancy.
London and Blackwall have advanced £1 ; Mid-
land, 10s; and North Western and East Anglian, ss.
Great Northern, Lancashire and Yorkshire, North-
Eastern (York) and South Eastern, have declined ss. ,
and Great Western, and North Eastern (Berwick)
10s. In the Foreign and Colonial Markets
little variation of importance can be recorded. Lom-
bardo-Venetian shares are a shade higher, the old
shares having been dealt in at 51 5?-„ and the New
at 41,- 5. The latest quotations, however, were 51
to 5 for the former, and 47; to 51 for the latter.
Great Luxembourg realised 41, and West Flanders
5,1. East Indian have advanced to 96, and Great
Indian Peninsula to 95.

Joint Stock Bank and Miscellaneous Shares show
an upward tendency. Bank of Australasia have
advanced ss. ; London and County, as. ; Oriental
Bank, ss. ; Peninsular and Oriental Steam, los. ;
Royal Mail Steam and London General Omnibus
Companies brought former rates.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
Bank Stock . 221 1., 20
3 90 14
3 Per Cent. Reduced Annuities
Ditto CsetnotaConsols Annuities
1 cz 3 Per Cent. Annuities
Ditto Loa Seri
Bounds, 231,000
Ditto under £l,OOO
Consols for Account (June 7) 9liiiit
Fxohequer Bills £1 000 9d & Ild.. 20 Marc3h. June.
I
Ditto £5OO ' ' '- . 23 I
Ditto Small, lid.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres, 6 per Cent...... .. 751
Mexican 3 per Cent. - ...
-
Ditto Account . ..............
6.1 I Peruvian 4t per Cent ........... 1 -.-
Ditto Account ......................................
Ditto 3 per Cent. ................. —86121
Ditto Account
Portuguese, 1853, 3 per Cent. .... 60
39
Turkish 6 per Cent.
Ditto Account
Ditto Nov Loan
Ditto Account
Dividends on the above payable in London.
French Rentes, ,1 4 per Cent. Ex. 25f
Ditto 3 per Cent. Ex. 95f.
TWO O'CLOCK.
Consols, Money
Consols for Account, June 7

-DESTRUCTIVE STORM IN THE RED

SEA.

We have been favoured by the Peninsular and
Oriental Company with the following extract of a
letter from Capt. Calbeck, dated Aden, 4th May :
" A terrific storm of thunder, lightning, and rain
burst upon Aden on the night of the 30th of April
and morning of Ist May. It lasted in its full
Strength three hours. There are 187 stone houses
in ruins, nearly all the cisterns destroyed, great
Portions of the roads swept into the valleys by the
Slipping of the mountain sides. Up to this date no
eenamunication between Point and Camp by wheeled
carriages, and enormous quantities of grain and
food Swept into the sea. Our debash, Cowasjee
unshay, had a stone house over a mile from the
Sea, containing 145 sheep ; in the morning not
_
vestige was to be seen. Between 20 and 30 per-
rils were drowned in places where it was thought
the waters could never reach. The damage is esti-
mated at between £20,000 and £30,000 sterling.
The company's property is unharmed."
It

-is rumoured in military circles that it is in
contemplation to re-organise and augment the corps of
Regal Engineers, in order to raise that force to 10,000 men,
or about douole its present number.
MANNING THE NAVY*—Recruiting for the navy
1s making satisfactory progress in the north-east ports.
Fourteen able-bodied seamen left the Shields rendezvous on
IvSaturday night for Sunderland, where they would be joined,
others from that port, and the whole would proceed to
tile receiving-ship in the Thames. About landsmen
Ltave
ned the navy at Middlesborough. The Gorgon, in e°tamand of Captain Pim, R.N., is in the Tyne recruiting.