The Sun.
London, England, 1859-03-08 00:00:00

CITY NEWS.' ITHE PORTLAND GALLERY o.k" FINE
ARTS.

MONEY MAR ET AND

CITY, Two O'CLOCK.
There has been very little animation in the
Foreign and Colonial Produce Market during the
last few days, although prices have in most in-
stances been fully supported. Tea has been inactive,
but at full rates. For sugar the demand has
been chiefly for home consumption, and the
better descriptions have sold slowly, at former
values. In the refined market, however,
there has been a slight improvement. Plan-
tatiOn Ceylon coffees continue in fair request,
and the finer qualities have slightly advanced.
Rice has been exceedingly dull with no alteration
to report in values. For rum there has been a
steady inquiry ; and saltpetre and tallow have
shown less firmness. The public sales of foreign
and colonial wool have proceeded with greater
animation, owing to the more favourable character
of the continental advices, and the prices current
at the opening have been fully sustained.
In the Liverpool Cotton Market yesterday a
steady business was transacted, and 10,000 bales
were sold at very full rates. The railway share
market closed with rather more activity, and prices
tended upwards.
Money continues in moderae request at previous
rates. The India Loan is now awaited with
some interest by the investing public, who, it is
expected, will subscribe liberally, notwithstanding
the discount to which most of the newly•created
state securities have descended. Indian in-
vestments generally have been more inquired
for during the last few days, and there can be no
doubt that the demand, if continued, will soon
carry up the value of most of the railway shares,
some of which are still at a discount, to a satisfac-
tory premium. While such opportunities are pre-
sented for the employment of capital with 5
per cent. secured, no surprise can be felt at
the disinclination shown by the public to give their
support to new projects which yield no immediate
return, and, after all, may. .prove wholly unsuc-
cessful.
Further arrivals of gold are daily expected, and
although a large proportion of the remittance
brought by the Red Jacket has been taken for the
continent, a further accumulation at the Bank is
fully expected.
The settlement of the account in Consols has
been the chief business attended to to-day, but
prices have again exhibited indications of buoyancy,
owing to the favourable advices from the Conti-
nent. There has been very little altera-
tion, but the tendency seems upwards, the
Funds being y per cent. higher than at
the close of business yesterday. Consols are now
about 96 to 961 for money, and 961 to 961-, for
April. A very buoyant tone seems to pervade all
departments of the Stock Exchange. The New
3 per Cents. and the Reduced are steady at 96a t.
Exchequer Bills remain firm at 365. to 395. prem.
India Stock has been dealt in at 220 and the De-
bentures at 99.

Business in Foreign Securities has been exceed-
ingly active, and prices show a general improve-
ment—Turkish 6 per Cents. being 921 to 93;
ditto, New Loan, 79 to 791 ; and the 4 per Cents.
have advanced to 1031 1; Sardinian, to 811 and
82 ; Spanish 3 per Cents., to 441 and 44a ; ditto
Deferred, to 301 1; Venezuelan Deferred, to 171;
Dutch 21 per Cents., to 641 ; ditto 4 per Cents., to
1001 and 100 ; and ETuador Land Warrants, to
52. Russian 41 per Cents, are steady, at 1001;
Peruvian 41 per Cents., at 92 ex div. ; and the 3
per Cents. are firm at 741 1. The New Austrian
Loan is Ito 11- dis. A feature in the foreign mar-
ket is the rise of 1 per cent. in Chilian. Seri, which
has advanced from 2 to 1 discount.

In the Railway Share Market a rather large
amount of business has been transacted, and in
most instances an improvement of about I to 1 per
cent. may be quoted. Caledonians and Eastern
Counties advanced ss. ; Nortk British, 10s. ; South
Westerns and Midlands, 155.; and Great Westerns,
Lancashire and Yorkshire, Black-wall, North
Eastern (Berwick), North Eastern (York), and
South Eastern, £l. North Western have improved
£1 ss.

In the Foreign Market the transactions have
been chiefly in Lombardo-Venetian, which have
improved to 91 91 for the Old Shares, and to 8?,
8/ for the New; Great Luxembourg and Dutch
Rhenish also show a slight improvement.
The Colonial lines are buoyant. East Indian have
advanced about £1; Grand Trunk of Canada, £1;
and Great Indian Peninsula, ss. to 10s.
Joint-Steck Bank and Miscellaneous Shares are
moderately active, and at improved rates. London
and Westminster show an improvement of. 10s. ;
Bank of Australasia, £1 ; City Bank, 10s. ; and
URion of Australia, 554, Electric Telegraph, Pen-
insular and Oriental Steam, Red Sea Telegraph,
and Scottish Australian Investment, brought fully
former rates.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities 961 i-
-3 per Cent. Cimsols Annuities
Now 3 per Cent. Annuities 961 I
India Stock
Ditto Debentures 99 81
Consols for Account
Exchequer Bills, £l,OOO, 2d. & lid.. 36 9 I
Ditto L5OO

FOREIGN FUNDS—CLOSING PRICES,
Brazilian 5 per Cent. ' lOl-
Ditto 1858, 41 per Cent
Buenos Ayres, 6 per Cent , .
Ditto Account
Ditto Deferred
Chilian, 6 per Cent
Ditto 41 per Cent. Scrip 1 2 1 d
Eguador New Consolidated
Ditto Provisional Land -Warrant sa 6
Peruvian 41 per Cent —
Ditto Account
Ditto 3 per Cent —
Ditto Account
Russian, 1822, £ St., 5 per Cent llO
Ditto 41 per Cent.
Sardinian 5 per Cent
Ditto Account
Spanish 3 per Cent 4441
Ditto Account
Ditto New Deferred, 3 per Cent —
Ditto Account
Turkish 6 per Cent
Ditto Account .. 921 a 3 a
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Venezuelan 5 per Cent. —
Ditto Deferred
Dividends on the above payable in London.
Belgian, 41 per Cent., Ex. 25f. 9Bl
Dutch Exchange, 12 Gnil. 21 per Cent 641 1
Ditto Certificates, 4 per Cent.

THREE O'CLOCK.
Consols, Money THREE
Consols for Account

THIS DAY'S SHIPPING.

LONDON, March B.—Wind this day at noon, .
fresh breeze, and fine weather. •
FALMOUTH, March 7.—Wind W.—Sailed—_1i ma_
jesty's gunboat Hind, for Plymouth, with ordnance, saved
from, the wreck of the Czar (screw steamer).
CLYDE, March 6.—Wind W.—Sailed—Mary and Ann,
for Rio Janeiro ; Hornby, for Bahia; Henry Cumin, for
Surinam; Emma, for Trinidad.
HULL, March 7.—Wind W.S.W.—Arrived—Suw, from
Rio Grande.
PLYMOUTH, March 7.—Wind W.S.W.—Arrived—
Dover Castle, from London for Port Philip. Sailed—
Phoebe, for the Cape of Good Hope.
SWANSEA, March 7.—Wind W.N.W.—Arrived—Staines
Castle, from Cuba ; Daedalus, from Quebec.
PORTSMOUTH, March 7.—Wind W. to W.S.W.—Ar-
rived—Earl of Hardwick°' from London for Madras.
QUEENSTOWN, March B.—Arrived—David Stuart, from
Cadiz for New York, with 66- Neapolitan refugees, who
ornpelled the master to land them here.

(BY ELECTRIC TELEGRAPH

LIVERPOOL, Tuesday Morning.'
Wind W. ; strong breeze.
Arrived, March 7.—J. Baker, from Charleston.
Arrived, March B.—Danube, screw steamer, from -Alex-
andtia.

(BY SUBMARINE AND BRITISH TELEGRAPH.)
GRAVESEND Tuesday Morning,
Wind W.; tide five hours' ebb ; cloudy.
No arrivals.

DEAL, Tuesday Morning.
Wind W. ; strong.
Passed—Mermaid, brig, of London, from the westward ;
George, from Demerara; St. Croix, from Honduras—all
for London.

LONDON DIOCESAN HOME MISSION.—Last even-
ing the annual meeting was held at Exeter Hall; the Lord
Bishop of London presided, and was supported by the Lord
Rev.
of Ripon, Lord Ebury, the Earl of Shaftesbury, the
Itev. Dr. M'Neil, Rev. Dr. Moore, &c. The Secretary
read the report, which stated this society was formed in
1857, and its object was to reach the thousands of the
poorer classes whom the regular clergymen could not reach;
also to seek out and employ such men as were specially
suited to the work of teaching the masses. These mission-
aries are ethployed under the approval of the Bishop.

The preliminary business for opening this gallery
for the exhibition of pictures by living artists has
commenced, and it is understood that the public
i will be admitted to view the various works of art
intended for exhibition in it towards the end of the
present month. We have had the opportunity of
inspecting several of the pictures designed to form
part of the forthcoming exhibition, and can bear
testimony to the talent displayed in their works
by several deservedly-rising artists who will be
contributors. Among these may be named Mr.
James Meadows, whose mirthful representations of
Water and Cloud have obtained for him no ordinary
reputation. Mr. Bell Smith's picture, " The Infant
Samuel," is treated with originality; and the paint-
ing, pure and masterly, evidences high promise.
Mr. J. F. Herring and Mr. A. F. Rolfe will con-
tribute a picture entitled " The Farmer's Pet
Team," displaying the former artist's peculiar
genius. The background has been carefully and
ably arranged, in harmony with the subject, by
Mr. Rolfe. Mr. J. Adams, as a new contributor,
will, we understand, forward some landscapes,
singularly original in character. His large work,
" The Otter Hunt," on the river Conway, is a truth-
ful representation of nature, and furnishes a striking
contrast to the conventional mode of handling such
subjects. Mr. J. Adams, jun., will furnish two
cabinet pictures of Fruit, marked by genuine ex-
pression, and a thorough avoidance of the artificial
style so commonly adopted in works of this class.
This youthful artist is rapidly climbing the ladder
after Lance. Mr. George Williams's charming re-
presentations of river scenery will ever command
admiration ; and Mr. H. J. Rolfe's Finny Tribes are
equally faithful, brilliant, and attractive. We fur-
ther learn that Mr. Bell will furnish some of his de-
lightful views taken during his recent continental
tour. Mr. Godet's works will, we trust, find suit-
able positions on the walls of the institution, that
their merits may be clearly seen. Mr, A. F. Rolfe's
picture of " A Welsh River Scene" will, doubtless,
claim no ordinary attention. The work depicts a
party of anglers, who have been engaged in salmon
fishing, weighing up the returns of the sport. To
the lovers of the gentle craft this picture will have
especial interest, reminding Piscator of joyous
rambles by rivers, and
" Golden sands, and crystal brooks,
With silver lines and silver hooks."
We are glad to find that the following artists
will also contribute to the exhibition :—Messrs
Percy, Gilbert, Moore, the two Pettitts, Meadows,
jun., Walter Williams, &c.

Whilst referring to the Portland Gallery, it will
not be out of place to direct the attention of the
committee to the hanging of the pictures. This
has been an unpleasant subject in more than one
institution of this kind, and complaints have been
made as to the mode heretofore adopted at the
Portland Gallery. A long continuous line of pic-
tures from the easel of a single artist is not only
monotonous and unattractive, but partial and unfair
in arrangement. Artists, if not a sensitive, are
naturally an anxious race, and perhaps in some
instances they may look upon their works with
overweening fondness; but when the picture of an
artist is admitted into the exhibition, he is entitled,
as a matter of business—having paid his money for
displaying his productions to the visitors of the
institution—to the kindest consideration and to
impartial treatment. We throw out these remarks
at an opportune period, as the pictures for the
Portland Gallery are to be hung up within the
present or next week ; and we trust it will be our
pleasing duty to report, after the " opening day,"
that justice has been dealt out to all classes of
artists, and that the show of pictures is worthy in
every respect of a metropolitan exhibition.