The Sun.
London, England, 1859-08-10 00:00:00

.21i 0.117E7 MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

The inquiry for discount accommodation is fully
maintained, both at the Bank and in the general
market, where the supply of bills has increased,
owing to the requirements for mercantile and other
operations. Full rates are consequently charged
for accommodation. First class bills are scarcely
negotiable at 24- per cent. in Lombard-street and
elsewhere, no inclination being shown to transact
business except at higher quotations.

The arrivals of specie continue very extensive,
and although the export demand is active a small
balance remains for the Bank of England. Con-
sidering the important shipments made to the Con-
tinent it is rather remarkable that the bullion
should have been so well maintained, but the im-
ports from Australia and America have been almost
sufficient to provide the supplies required for ex-
portation. A small amount, viz., £5,000, was taken
into the Bank of England yesterday.
In the foreign exchanges yesterday afternoon a
general advance was apparent. _

Accounts from Liverpool report that the Cotton
Market yesterday closed quietly, and between
6,000 and 7,000 bales were sold at former rates.
In the Railway Shares rather more business was
transacted, but prices generally were not so firm.
A very fine addition has been made to the fleet
of steamers belonging to the Greek and. Oriental
Steam Navigation Company by the purchase of the
Modern Greece, 1,200 tons burthen, with engines
of 400-horse power, now being finished at Stock-
ton by Messrs. Richardson and Co. The Modern
Greece is a beautiful model, has all the latest im-
provements, and no doubt will be very fast. Her
engines are fitted with the superheating steam ap-
paratus, which has been found to give such valu-
able results in steamers. She is intended for the
London and Mediterranean trade, and will leave
for her first voyage in about a fortnight.
At the meeting of the Metropolitan Railway
Company, held to-day, Mr. Wilkinson in the chair,
a report was read, from which it appeared that six
sevenths of the capital had been subscribed,
leaving one-seventh to be taken up, which it was
thought would be accomplished by the plan pro-
posed. The. Deviation Bill had been sanctioned by
Parliament, reducing the capital to £850,000, for
which sum it was fully expected the line could be
completed. The portion of the line from Victoria-
street to the Post Office has now been abandoned.
From the accounts it appeared that the total re-
ceipts of the company were £129,189 165., and the
balance in hand, after the preliminary expendi-
ture, was £89,727. After some few observations
from the chairman, the report was adopted.
The market for Public Securities is rather flat,
but a very limited business has been transacted
either for money or account. This depression_ is
partly attributed to the diminished firmness of the
Rentes, the telegram reporting a slight downward
tendency. Consols are 751 for money and ac-
count. The New Threes and the Reduced are
steady, at 95 11. Bank Stock remains at 222 to
223 ; India ditto, at 219 to 221 ; but the Loan De-
bentures (1858), have advanced to 941 ; ditto (1859),
are 94. Exchequer Bills have declined to 255. and
28s. prem.
In the Foreign Stock Market business has been
less active, and prices are heavy. Turkish 6 per
Cents. are 831 to 841; ditto New Loan, 73 to 74 ;
and the 4 per Cents. are 1021 ; Venezuelan New
21 per Cents. have receded to 281 1; ditto 1 per
Cents. to 15 ; Mexican is steady at 191 ; and Por-
tuguese at 451 ; Dutch 21 per Cents. are firm at
sln.
the Railway, Share Market prices have shown
less firmness. Caledonian have declined a, East
Kent 1, Lancashire and Yorkshire 1, London and
Brighton 1, South Western 1, Midlandt, Norfolk 1,
and North Eastern (Berwick) 1. South Eastern
have improved 55., and Stockton and Darlington ss.
In the Foreign and Colonial Markets there has
been little alteration. Lombardo-Venetian old
shares are 101 101, and the new 101 ; East Indian
1001; Grand Trunk of Canada 34/ ; and Great
Indian Peninsula 971 98.
Joint Stock Bank and Miscellaneous Shares are,
in several instances, at slightly reduced quotations.

tRITISH FUNDS THIS DAY AT ONE O'CLOCK.
Bank Stock
riper Cent. Reduced Annuities 951
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock
Ditto Debentures, 1858 941
Ditto, 1859
Consols for Account (Sept. 7)
' xchequer Bills, £l,OOO, lid .. 28 5
Ditto Small, lid 25 8
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican 3 per Cent.
Ditto Account
Portuguese, 1853, 3 per Cent.
Ditto Aocouiit
Turkish 6 per Cent. —
Ditto Account
Ditto New Loan
Ditto Accoant
Ditto Guaranteed, 4 per Cent.
Venezuelan 5 per Cent./
Ditto New 21 per Cent.
Ditto 1 per Cent. l5
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 21 per Cent 6si i
TWO O'CLOCK.
Consols, Money 95/
Ditto Account

THE POLYTECHNIC INSTITIITION.—A public
meeting, with reference to a proposed New Polytechnic
liastitution, will be held at Willis's Rooms to-morrow, at
halt past two, for the purpose of considering the best means
to be adopted for promoting the formation of a new cora-
PazY, with a view to continue the advantages.of so valuable
Place of popular instruction and entertainment, which the
Public have hitherto enjoyed in the Old Institution, now
about to be closed. The chair will be taken at half-past
two.

THE LEDBURY MURDER. The Worcester
lierald has been informed that at the recent trial of Jones
at liereford, ten of the jury were originally for finding him
tY, and only two in his favour. The same aer says
Jones's prostration was feigned to some considerable
extent. He has left Hereford for Bristol.

Advices from Odessa state that the grain market
has become very active, and that about 91,000 quarters of
Wheat, rye, Indian corn, and barley had just been taken for
exportation at improved ices. The
wheat *t
be directed
coun-
try to the Mediterranean, the Indian corn o
and the corn to the Continent.
The Hon. Spring Rice has just withdrawn from
the office of deputy-chairman of the Board of Customs, to
Which he was appointed in the room of the Right Hon.
George Dawson, a few years ago. He was well acquainted
With the working of the Customs department in allits
details, and his retirement will, therefore, be a loss to the
sseenliocriet.y, Mr. F.
to
A vacant seat at
the u dGeopulutyburnebeiisrrethaneenehlpt
.in turn, according
THE
will then remain to be filled.
Icseranbeti:ll:acT::: or DR. SMETHURST.—It has been
arranged that the trial of Dr. Smethurst for the murder of
Bankes at Richmond, shall be resumed at the
membered that the Court
ten
proceedings Mondaye n
t hneefxotr former elrteectlier
camere-
j- a Prematurrt e closei consequence of the illness of a juror.
`t is not the Lord Chief Baron will again pre-
side on ethe con*tility, it is thought that the trial will be
presided over by the Lord Chief Justice of the Court of
Einee, n's Bench- (Sir Alexander Cockburn). During the
o'44"val which has elapsed since the last trial the solicitors
r the prisoner have been untiring in their exertions to get
and
1113 me 'cal evidence in opposition to that of Dr. Taylor,
able they express the elves confident that they shall be'
to demonstrate the fallacy of Dr. Taylor's theory, on
Winch Smethurst was committed. The prisoner is not by
any means communicative to the rprison authorities, and
never alludes to the awful charge on which he is detained.
REPRESENTATION OF BODMIN.—Mr. J. H. Mar-
chiesou, of London, has started on Liberal principles as a
candidate for the vacant representation of Bodmin.
MANCHESTER TRADE REPORT. TUESDAY.—
A. telegram received here yesterday reports the market at
in Calcutta as being rather lower in price for cloth and yarns,
cunsequenre of the heavy arrivals. This news has some-
what affected our market to-day ,for India goods, to the
extent only of keeping quotations at their previous rate.
-Yarns for China and Germany, say in 20's and 30's, are in
Feed request, at a slight advance on last Friday's prices,
but the business is checked to some extent by the required
advance. The market generally is very firm, with an up-
ward tendency in yarns and most sorts of cloth.
NORWICH POLITICS.---A deputation from the
ibers' party of Ndiwich have proceeded to the Treasury
for the purpose of procuring a commission to inquire into
.the electoral corruption prevalent in the city, of which a
kaleidoscopic glimpse was revealed before a select committee
of the House of Commons a few days since. The deputa •
tion did not see a higher functionary than Mr. Brand, who
pointed out that some difficulty existed in regard to the
issue of a commission, as the late election committee did not
report a prevalence of extensive corruption in the corsti-
tuency so that a commission could not be granted without
a special Act of Parliament. The hon. gentleman also
directed attention to the possible consequences of such an
inquiry. The deputation, in reply, stated that nothing
could be worse than the present state of things. The result
of the interview was that Mr. Brand promised to communi-
cate to Lord Palmerston and the Government the views of
the deputation, who afterwards saw Mr. Bright on the same
subject. The latter hon. gentleman expressed his determi-
nation to insist on a full inquiry, and eventually it was de-
termined that no attempt should be made to obtain new
writs till the evidence taken before the select committee
had been printed for the consideration of the house. It is
not very likely that a special Act of Parliament can be
obtained during the brief fag end of the present session,
especially as the Government evidently care little or no-
thing about the matter. Next year the interest of the sub-
ject will have evaporated, and probably it would not then be
revived. The Government, no doubt, feel that a commission
-would involve an outlay of some £5,000, and secure no
particular benefit, as the existence of corruption of Norwich
is already sufficiently notorious.