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

21/ONEY MARKET AND CITY NEWS.

CITY, Two o'CLocic.

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
East
railway carriage building for the
-tast 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 great -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-
cessive, 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
of 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.

At the meeting of the East Kent Railway
Company to-day, a report was presented, stating
that the entire line would be opened by Ist Oct.,
,1860. The traffic in the part opened up to Dec.,
1858, amounted to £9,320 1 ls. 5d., leaving, after
the expenditure, a balance in favour of the com-
pany of £1,458 19s. 7d. It was proposed to
,change the name of the company to that of the
iiondon, Chatham, and Dover Railway. The
report was adopted. _ _

At the half-yearly meeting of the North and
South. Western Junction Railway Company to-day,
a 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
*hare 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 the Paris Bourse. The Funds are still,
ill a great measure, under the influence of
the telegrams from that establishment, and
the partial reactionary movement in Consols, viz.,
from 96 to 95t 1, is attributable t o the want of
buoyancy in the Rentes, which, after rising per
Cent., again relapsed on Saturday afternoon into
their former heavy and depreciated position. The
latest price of Consols is 95a, the tendency of the
market being downwards. The New Three per
Cents. and Reduced are 961 ; India Debentures,
98,1- 99 ; and Exchequer Bills, 345. to 38s. prem.
Bank Stock is 228 ; and India ditto, 221.
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
801 ; ditto, 2d issue, 51 to 61 dis. ; and the 4 per
Cents. have improved to 103, Brazilian 5 per Cents.
to 1021, ditto 42 per Cents. to 931 941, Peruvian
41 per Cents. to 941, and Spanish 3 per Cents. to
441. Russian 41 per Cents. were steady at 991
10100. The New Austrian Loan is 11 to 1 discount.
In the Railway Share Market prices in most
instances have shown a downward tendency com-
pared with Saturday ; the average decline is about
toy 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
,15s. The Foreign undertakings are also depressed,
-Lombardo-Venetian having receded to 81 8t- fur the
,0111, to 8 and 81 for the new shares. The East
-Indian lines are steady, and Grand Trunk of
Canada and Great Western of Canada show little
variation:-

Joint-Stock Bank and Miscellaneous Shares are
a Shade firmer. London and Westminster have im-
proved ss. ; London Joint Stock, ss. ; and Electric
Telegraph, 10s.

BRITISH FUNDS—CLOSING PRICES. ,
/sank Stock
3per Cent. Reduced Annuities 961 1
Per Cent. Consols Annuities
11:,011.c Y 3 per Cent. Annuities 961 1
•L•, Annuities, expire sth Jan., 1860 1 3-16
Ditto 30 Years, expire 10th Oct., 1859 15.16
India Stock
Ditto Debentures 9Bl 9
Ditto Bonds, £l,OOO
Ditto under £l,OOO
18
Consols for Account
March. Juno.
Exchequer Bills, £l,OOO, 2d. & lfd.. 34 37 i
Ditto £5OO
Ditto Small, lid 37 4 i
Ditto Advertised
Exchequer Bonds, 1859, 31 per Cent .... 1001 100

FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent.
Ditto 1853, 41 per Cent. 941 3!
Peruvian 41 per Cent
Ditto Account
Russian, 1522, £ St., 5 per Cent —
Ditto 41 per Cent.
Spanish 3 per Cent
Ditto Account .. 411
BPanish Com. Cert. of Coup. not funded.. 5i
Turkish 6 per Cent 9l
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.
Ditch Exchange, 12 Guil. 21 per Cent 6sk
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols, Money 951 a
Consols for Account

PETITIONS FOR EXTENSION OF THE SUFFRAGE
AND VOTE BY BALLOT.—The petitions which the Northern
Reform Union have lately been collecting in the two coun-
ties of Durham and 'Northumberland will be presented to
the house of Commons to-night (Monday, Feb. 28), by
General Thompson. The total number of signatures
attached to them is 34,456.
MUNIFICENT REWARD OF HONESTY.—On Friday
last Joseph Stubbs, a carriage cleaner at the Lancashire and
Yorkshire Railway Station, Bradford, found in a second-
class carriage a pocket-book containing Bank of England
notes and cheques to the value of £3BB le., belonging to a
Greorge Atkins, of Halifax, who had taken a nap, and
Was over-carried to the Pickle-bridge station. The honest
railway servant was rewarded by the liberal owner with
" I am much obliged to your— Wakefield Express.
_ THE HUMAN HAIR.—A German savant has taken
the pains to count the number of hairs existing in three
headi of hair, of different colours. He found in a blonde
140,409 distinct hairs, in a brown 109,440, in a black
102,960, and in a red 88,740. The inferior number of red
and black hairs may be compensated by their superior
thickness, and it is probable that each of the different
colours is about equal in weight. It is to the fineness and
Multiplicity of the blonde tresses that they owe their silken
softness.—Bullet
EXTENSION OF THE OVERHOUSE TELEGRAPH
SYSTEM.—Workmen have for some days been employed in
erecting a series of lofty poles between the premises of her
Majesty's printers and the Parliament Houses, Westmin-
ster; and on Saturday last the wires were successfully con-
veyed across the Thames at Westminster to the summit of
one of the towers of the Royal palace. The work is con-
structed by the inventor of the system, Mr. Owen Rowland,
and Mr. M. Allen, of the Overhouse Telegraph Works,
Worship-street, Finsbury.