The Sun.
London, England, 1859-05-04 00:00:00

MONEY MARKET AND arri- NEWS.

Two O'CLOCK.
The commercial engagements due to-day are
stated to be rather extensive, notwithstanding the
recent quietude of trade. At the commencement of
the year mercantile prospects appeared very en-
couraging, and the Board of Trade Returns show
that the imports and exports of merchandise since
then have been conducted on a scale which
indicate a partial recovery after a lengthened
period of depression. The preparatory arrangements
for liquidating the bills due on each 4th of the
month have consequently imparted activity to the
discount market, and as on the present occasion
other liabilities have had to be provided for, in the
shape of railway calls and loan instalments, symp-
toms of stringency have become apparent. It is•
remarked, moreover, that the recent advance of 1
per cent. in the minimum, coupled with the dis-
trust created by the war in Italy and the generally
disturbed state of continental relations, has in-
duced greater caution in monetary circles, with a
disposition to enforce higher quotations;
The arrivals this morning comprise, among
others, the Sultan from the Peninsula, with
£2,038, and the City of Baltimore, from New York,
with £76,800.
It has been intimated by the Directors of the
Grand Trunk Railway of Canada, that in conse-
quence of the unsettled state of monetary affairs,
they have deferred the subscription for £1,111,500
second Preference Capital, for the present. •
The Bank of France has raised its rate of dis-
count from 3 to 4 per cent., and the Bank of
Frankfort from 3 per cent. to 41 per cent.
In the foreign exchanges, yesterday afternoon, a
further advance was recorded in the rates on
Vienna and Trieste ; but a decline took place in
„ those on Amsterdam, Frankfort, and Hamburgh.
About £28,000 in gold was withdrawn from the
Bank of England yesterday for transmission to the
continent, and all the Australian supplies, as soon
es they are delivered, are taken for the same
purpose.
Letters from Liverpool report that in the Cotton
Market yesterday increased heaviness was apparent,
and only 2,000 bales were sold, at a decline of
. per lb. for all descriptions; The Railway Share
Market closed very quietly, and quotations were
lower.
The Stock. Exchange Markets still remain in a
very dull and heavy state. The fact is that there
is almost a complete cessation of business. For the
_moment the liquidation of the account in Consols
. occupies exclusive attention, and no inclination is
shown to resume active -dealings until the result of
the settlement is fully ascertained. Consols have
undergone very little variation,and the present price
isabout 901 1, although at one period they touched
901 t. The market appears rather flat, and com-
paratively few investments are reported for money.
The New Threes and the Reduced have declined
to 891 6 ; and Bank Stock to 216 and 219. The
New 21 per Cents, are at 751, and Exchequer Bills
at 18s. to 255. prem. ; but India Loan Debentures
are at 93. The New India Scrip remains steady
at a discount of 31 to 3 per cent., viz., 911 to 92.
One of the firms recently declared defaulters
have announced a dividend of 13s. 4d. in the pound.
The Foreign Stock Market is rather inactive,
and prices, in most instances, show a decline.
Turkish 6 per Cents. are 60 to 65 ; ditto New 50
to 55 ; and the 4 per Cents. have receded to 991 ;
Brazilian 41 per Cents, to 891; Sardinian to 671 ;
and Spanish Deferred to 261 ; Portuguese is steady
at 40 ; and Mexican firm at 171.
The Railway Share Market has been quiet, the
settlement in the Consol Market occupying the chief -
attraction of the dealers and speculators. A down-
ward movement is however apparent. North
Western, and North Eastern (York), have declined
10s. ; South Eastern, 15s. ; Caledonian, Eastern
Counties, and Lancashire and Yorkshire, £1; and
Midland, £1 10s. ; Great Western have improved
55.; and North Eastern (Berwick), £l.
In the Foreign Market Lombardo-Venetian old
shares have receded to 51 510:and the new to 41 51
Great Luxembourg are dealt in at 41 5, and
Antwerp and Rotterdam at 4.
The Colonial lines are very quiet. Great Indian
Peninsula are flat at 911, and East Indian Deben-
tures have declined to 951 96, Punjaubs are steady
at 31 31. ,

Joint Stock Bank and Miscellaneous Shares
show little activity, but prices are rather firmer in
one or two instances. London Chartered of Aus-
tralia have improved ss. ; London Joint Stock, ss. ;
Union of Australia, 10s. to 15s. ; and Royal Mail
Steam about £2.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
Bank Stock . 219 16
3 per Cent. Reduced Annuities B9l i 1
3 per_ Cent. Consols Annuities
New 21 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth April, 1885 l7!
India Stock
Ditto Debentures 93
Ditto Loan Scrip
Ditto Bonds, £l,OOO
Ditto under £l,OOO
Consols for Account (May 5)
March. June.
Exchequer Bills, £l,OOO, 2d. & lid.. 18 25 I
Ditto Small,' 1.0:
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 5 per Cent.
Ditto 1858, 41 per Cent. 894
Mexican 3 per Cent. . 17 1
Portuguese, 1853; 3 per Cent '
.. 40
Sardinian, 5 Per Cent 67
Ditto Aceount. • • • • .
.
Spanish 3 per Cent —
Ditto New Deferred, 3 per Cent. • 26/
Ditto Account . • . 26
Turkish 6 per Cent —
Ditto Account
.
• Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.
TWO O'CLOCK.
Consols, Money 9Ol i
Consols for Account (May 5) ... • 904 t