The Sun.
London, England, 1859-02-28 00:00:00

MONEY MA.

CITY NEWS.

CITY, Two o'CLocK,

The accounts from the manufacturing districts
Mention that during the past week there has been
little alteration to notice in the general position
of trade, the unsatisfactory state of continental
politics having in a great measure interfered with
commercial affairs. At Leeds the market for cloths
of all descriptions was less buoyant, buyers having
limited their transactions to immediate require-
ments. Most of the mills in the neighbourhood,
however, were well employed. The demand
for goods at Manchester for India and China
has not been quite so active, and the production
has been lessened; prices, however, are exceedingly
firm, with a tendency towards an improvement.
At Bradford, worsted yarns for the home trade
continued in good demand, and for piece goods a
fair inquiry had been experienced. Less business
has been done in worsted hosiery at Leicester, but
the cotton glove and hosiery branch has
been exceedingly active, and prices gene-
rally have exhibited an upward tendency. The
iron trade of South Staffordshire is gradually
improving : stocks generally are large, and the
demand keeps pace with the production. At
Birmingham railway carriage building for the
East Indies is active, and in most branches of busi-
ness connected with the town a slight improvement
is perceptible. At Sheffield and Wolverhampton
very little change can be reported. The demand
for the American markets has been less active, and
the probability of native iron being used in the East
Indies to a groat extent for the projected railways
has thrown a :gloom over the market. For home
consumption there has been about an average
inquiry.
The Liverpool Cotton Market, on Saturday,
closed with rather more animation, and prices,
generally, exhibited an upward tendency. The sales
amounted to 8,000 bales. In the Railway Share
Market a moderate business was transacted, and
quotations were steady.
The money market still remains without the
slightest symptoms of a reactionary tendency. Seve-
ral years have elapsed since so great an abundance
'was experienced, and at present there is every
prospect of continued easiness, the supply being ex-
cessire, and the demand limited. Although the
Board of Trade returns show that the improvement
in trade has made some progress, the extra accom-
modation required for commercial enterprise has
been furnished without trenching upon the reserves
°I bankers and brokers to any appreciable extent.
The terms range as low as 2 per cent., and at that
quotation first-class paper is readily negotiable.
It has been announced by the Danish Govern-
Ment that on the Ist of September next they will
redeem the whole of the outstanding balance,
£697,200, of their 5 per cent. loan of £BOO,OOO
contracted in London in 1849.
nAt the meeting of the East Kent Railway
;Intipany to-day, a report was presented, stating
that the entire line would be opened by Ist Oct.,
16°. The traffic in the part opened up to Dec.,
11!0!, amounted to £9,320 1 ls. 5d., leaving, after
'4l-e expenditure, a balance in favour of the com-
pany of £1,458 19s. 7d. It was proposed to
London,
the name of the company to that of the
'4°lldon, Chatham, and Dover Railway. The
report was adapted.
At the half-yearly meeting of the North and
south Western Junction Railway Company to-day,
dividend at the rate of 31 per cent. per annum
for the half year was declared. It appeared that
there had been an improvement in the traffic of the
company since the last meeting.
At the half-yearly meeting of the Mid-Kent
Railway Company to-day, a dividend of 2s. 6d. per
'are was declared for the half-year.
There has not been much animation in the
:stock Exchange markets to - day, for although
increased confidence appears to prevail, the ope-
rators are anxious, before embarking in fresh
enterprises to ascertain the course of values
in
in the Paris Bourse. The Funds are still,
a great measure, under the influence of
e telegrams from that establishment, and E
the partial reactionary movement in Consols, viz., g
from 96 to 9& 1, is attributable to the want of g;
buoyancy in the Rentes, which, after rising t per
cent., again relapsed on Saturday afternoon into s
their former heavy and depreciated position. The s'
latest price of Consols is 952, the tendency of the
market being downwards. The New Three per S
Cents. and Reduced are 961 y ; India Debentures,
981 99 ; and Exchequer Bills, 345. to 38s. prem. S
,
'aek Stock is 228 ; and India ditto, 221. 5
Business in the Foreign Market is quiet, and
prices exhibit a downward tendency. Turkish 6
per Cents. are 90 to 901 ; ditto, New Loan, 80 to
01 ; ditto, 2d issue, 51 to 51 dis. ; and the 4 per
cuts• have improved to 103, Brazilian 5 per Cents.
I°2l, ditto 41 per Cents. to 931 941, Peruvian
441 Per Cents. to 941, and Spanish 3 per Cents. to
to;• Russian 41 per Cents. were steady at 991
100. The New Austrian Loan is 11 to 1 discount.
In the Railway Share Market prices in most
instances
have shown a downward tendency corn-
Pared with Saturday ; the average decline is about
tOI per cent. Most of the principal lines, how-
ever, are now quoted " ex dividend." Great North-
ern, Great Western, North-Western, Midland, and
south-Eastern
have declined 10s., and Caledonian
8. The Foreign undertakings are also depressed,
1.
Tnbardo-Vcnetian having receded to 81 8 for the
Indian to 8 and 81 for the new shares. The East
lines are steady, and Grand Trunk of
Canada and Great Western of Canada show little
variation.
Joint-Stock Bank and Miscellaneous Shares arc
a hbade firmer.. London and Westminster have im-
Pved ss. h
10
; London Joint Stock, ss. ; and Electric
p
elegra, s.
1114.r_

liaht-4:,,15H FUNDS THIS DAY AT ONE O'CLOCK.
a ;:- otock
3 ~,,r`r Cent. Reduced Annuities 96. i I
Kyr Cent. Consols Annuities - a 4
I,l°. 3 Per Cent. Annuities 96t li i
4k Annuities, expire sth Jan., 1860 1 3-16
, Ditto 30 Years, expire 10th Oct., 1859 15.16
adia Stock
.wito Debentures 1 9Bl 9
Eitto Bonds, £l,OOO
Ctto Under £l,OOO '
ullsols for Account 95!
.x,., March. June.
, -hequer Bills, £l,OOO, 2d. & 11d.. 34 f
~.4-qtto zoo
34 1 Vitt° Small, LW 37 4
.Ditto Advertised
I„ItICES OF FOREIGN FUNDS AT ONE O'CLOCK.
.bittizilian 5 per Cent
Ditto 1858, 41 per Cent. ....... -.
Peruvian 41 per Cent
R Ditto Account
44sian, 1822, £ St., 5 por Cent
S Ditto 41 per Cent.
'Vanish 3 per Cent —
Ditto Account
Turkishtip)iiittttttciooAA6iwpce :0
iiinnCent44l
911
911
801
.. 80f
3
Ditto Guaranteed, 4 per Cent.
IA Dividends on the above payable in London.
4ottch Exchange 12 Guil. 24 per Cent 651
bat° CertificaLs, 4 per Cent.
TWO O'CLOCK.

Consols, Money 95
Cowls for Account

kit?
FOR EXTENSION OF THE SUFFRAGE
kit? VoTE Ey BALLOT.—The petitions which the Northern
tie„°2l4,, Union have lately been collecting in the two coun-
tlb; ",,.` Durham and Northumberland will be presented to
'louse of Commons to-night (Monday, Feb. 28), by
metileral Thompson. The total number of signatures
liurathed to them is 34,456.
VIUNIFICENT REWARD OF HONESTY.—On Friday
Z'or,_4Beph Stubbs, a carriage cleaner at the Lancashire and
Railway Station, Bradford, found in a second-
-11,0.8 carriage a pocket-book containing Bank of England
1411 es and cheques to the value of £3BB is., belonging to a
Iv • Cl(Narge Atkins, of Halifax, who had taken a nap, and
1:11 over-carried to the Pickle-bridge station. The honest
'‘ l
way
401 se
muc rvant was d
rewa
yarded ! by the liberal owner with
h oblige to— Wakefield Lxpress.
th ,1,
HUMAN HAIR.—A German savant has taken
hejanis to count the number of hairs existing in three
140 ,A 8 of hair, of different colours. He found in a blonde
1VQ•1-, distinct hairs, in a brown 109,440, in a black
aa',°9, and in a red 88,740. The inferior number of red
tlicu'ack hairs may be compensated by their superior
0.014°88, and it is probable that each of the different
'3urs is about equal in weight. It is to the fineness and
toriplicity of the blonde tresses that they owe their silken
EXTENSION OF THE OVERHOUSE TELEGRAPH
ele,Bl„ll.—Workmeu have for some days been employed in
Ata'rng a series of lofty poles between the premises of her
steiiestY's printers and the Parliament Houses, Westmin-
ve‘. ,cl and on Saturday last the wires were successfully con-
v°e the Thames at Westminster to the summit of
of the towers of the Royal palace. The work is Con
Itncted by the inventor of the system, Mr. Owen Rowland,
V° I lir. M. Allen, of the Overhouse Telegraph Works,
rBhip-street, Finsbury.