The Sun.
London, England, 1859-06-17 00:00:00

hONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK,

The Markets for Foreign and Colonial Produce
during the last few days have shown rather more
activity. The absence of many of the principal
dealers, however, at Ascot, has in some measure
interfered with the public business.

In the private market most of the principal
staples have been in good demand, and in several
instances advanced rates have been realised. Tea
has been firm, and the better descriptions of
British Plantation sugar have slightly improved.
Coffee has been dealt in to some extent, and the
new crop of Plantation Ceylon realised higher
values. For rice and spices the inquiry has been
active, full rates being in most instances current.
The transactions in saltpetre have been to a very
limited extent, and prices have slightly declined.
Tallow has been in steady demand at about late
values, P.Y.C. on the spot being quoted 555., and
last three months 565. per cwt.

In the Liverpool Cotton Market, yesterday, a
rather large amount of business was transacted,
and prices tended upwards. The sales were esti-
mated at 12,000 bales. The Railway Share
Market closed steadily, and previous rates were
fully supported.
There were no bullion operations at the Bank of
England yesterday. The whole of the gold by the
City of Baltimore, viz., £157,600, has been taken
for the Continent.

The demand for discount accommodation has
slightly augmented, but the market remains in a
quiet and easy position. The requirements of the
public are still comparatively limited, and as the
supplies at the command of bankers and brokers
are considerable, accommodation is obtained
on favourable conditions for those who require
assistance. Trade being in as sound, if not in as
flourishing a position as could be desired, the com-
mercial community find no difficulty in getting
their paper negotiated ; but in the present situation
of mercantile affairs, as regards distant foreign and
colonial markets, an indisposition is shown to enter
into speculative enterprise. The settlement in
foreign stocks and railway shares appears to have
increased the demand for loans, but its effect has
been. unimportant.
A heavy tone has pervaded the market for Eng-
lish Securities to-day. The Funds are at a high
point, and frequent variations must be ex-
pected, as the course of prices is influenced
exclusively by speculative transactions. The
transfer-books being closed, the favourable
influence lately created by money purchase;
is withdrawn. Consols, which closed yesterday
afternoon at 921 931, have declined to 92 1, at
which they are now quoted. The tendency of other
so:urities is also rather unfavourable. The New
Threes are fiat at 93 1; and the Reduced at 931 z ;
and Exchequer Bills at 235. to 275. prem. India
Loan Debentures are steady at 911- 95 ; and ditto
Scrip, 931 1 Bank Stock is firm at 221.
The market for Foreign Securities has exhibited
less animation, and prices, in most instances,
appear rather heavy. Turkish 6 per Cents. are 76
to 78 ; ditto New, 62 to 61 ; Grenada Active are
steady at 17 ; Mexican at 18:4 ; Russian 41 per
Cents. at 951 ; and Brazilian 5 per Cents., 1829-39,
at 100 ; Belgian 43 per Cents. are firm at 931 ;
Dutch 23 per Cents. at 631 ; Spanish 3 per Cents.
are flat at 4236 ; but ditto Passive have advanced
to 81.
A slight downward movement has been apparent
in Railway Shares, prices having been affected by
the heaviness in the Consol Market. Eastern
Counties, Great Western, Midland, and North
Eastern (Berwick), have declined ss. Caledonian,
Edinburgh, Perth and Dundee, and Brighton, 10s.;
and South Western, £l. London and Blackwall
have improved 15s.
The Foreign lines have shown rather more ac-
tivity, but in most instances prices have been a
shade lower. West Flanders, Great Luxemburg,
Bahia and San Francisco, and Pernambuco are
each at reduced quotations. Lombardo-Venetian
Old Shares declined to 61, and the latest quotation
for the New Shares is 61
In the Colonial Market Grand Trunk of Canada
are dull at 35 to 36 ; Great Indian Peninsula, at
981 ; and East Indian have declined to 1011 1011.
Joint-Stock Bank and Miscellaneous Shares have
shown little variation. Bank of Australia have
receded 10s., Ottoman Bank 55.; Crystal Palace
Preference and Royal Mail Steam have slightly
.advanced.

BRITISH FUNDS—CLOSING PRICES.
}lank Stock
3 per Cent. Reduced Annuities 93 / 1 a 1,
New 3 per Cent. Annuities
India Stock
Ditto Debentures
Ditto Loan Scrip
Ditto Bonds, £l,OOO
Consols for Account (July 8)
Exchequer Bills £l,OOO, lid . 23 6 4
Ditto Small, 1Id.
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent.
Ditto, 1829 and 1839
Equator New Consolidated
Grenada New Active, 3f per Cent.
Mexican 3 per Cent.
Ditto Account - lBl 1
Peruvian 4f per Cent —
Ditto Account
Ditto (Uribarren), 41 per Cent.
Portuguese, 1853, 3 per Cent.
Ditto Account
Russian, 1822, £ St., 5 per Cent —
Ditto 4f per Cent.
Spanish 3 per Cent
Ditto Passive
Spanish Com. Cert. of Coup. not funded 3a
Turkish 6 per Cent. ....................
Ditto Account

Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent lo3k
Dividends on the above payable in London.
Belgian, 4f per Cent., Ex. 25f. 931
Batch Exchange, 12 Gull. 22 per Cent 631
THREE O'CLOCK
Consols for Account, July 8 .... 92! i x d

TILE MINISTERIAL CRISIS.

We had hoped that the crisis had been over, and
that we should not again have to give the above st'
heading to any of our articles. Unhappily it is st,
otherwise. Unexpected and unpleasant circum- St'
stances occurred late on Wednesday evening, in sti
connection with the formation of the New Cabinet,
to prevent Lord Palmerston's going down yesterday
morning to Windsor Castle, as was intended, to
submit to her Majesty a list of the noble Lord's
new Administration. We hope and believe that
the crisis is on the eve of being over, if it be not
actually so ; but yesterday morning it looked as if
all Lord Palmerston's efforts to form a strong Go-
vernment would prove ineffectual. And the most
painful part of the matter is to he found in the fact,
that Lord Palmerston's chief difficulties have arisen
from the ungracious conduct of one who was intended
to occupy the next most important post in the New
Ministry to that of the Premiership. We need say
no more to indicate the malcontent. The Palmer-
ston Ministry has been placed in peril by Lord John
Russell. Not content with obtaining the place
which he exacted—for that is the word—from Lord
Palmerston, he must needs insist on certain other
parties being in the Cabinet, and in particular
Places, too, whether Lord Palmerston would or
would not. We mentioned the other day that, in
utter disregard of all sense of propriety, Lord
John Russell insisted on Sir John Romilly, his
Woolsack,
though being elevated to the
though he knew that Lord Palmerston was not
only in favour of Sir Richard Bethell, but had all
but promised the office to the learned gentleman.
It was in order to shut the mouth of Lord John on
this subject, that the Premier gave the Great Seal
to Lord Campbell—a man eighty years of age.
Then, again, it is to the pressure put on Lord Pal•
merston by Lord John Russell, that the Duke of
Somerset has been appointed to the Admiralty—a
situation for which the Noble Duke is not fitted,
either by naval intelligence, general capacity, or
temper. In short, Lord John Russell has prac-
tically assumed the functions of Premier in the
formation of the New Ministry. No one knows
'what Lord Palmerston has already had to endure
from the officiousness and dictatorial manner of the
member for the City of London. We have said, on
various occasions, that no Ministry would be likely
to last six weeks in which Lord John Russell occu-
pied an important place ; and we venture to say
that, from his experience during the last few days,
Lord Palmerston is now of the same opinion.—
Advertiser.