The Sun.
London, England, 1859-01-10 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

The accounts front most of the manufacturing
districts continue very satisfactory although the
amount of business has not been extensive. At
Leeds there has been a steady demand for most
descriptions of cloths, and full values are current.
The.manufacturers are also fully employed upon
orders for spring goods. Business at Man-
chester has been quiet, but this is usually
the case at the commencement of the New
Year; spinners and manufacturers, however, are
busy, and refuse to take fresh orders except at ad-
vanced rates. The worsted trade at Bradford con-
tinues moderately active, and for piece goods there
is a fair inquiry at full rates. The iron trade of
South Staffordshire continues steady, and at Bir-
mingham affairs remain in a satisfactory position.
Business at Sheffield, Wolverhampton, and Wal-
sall is still very active, and at the latter place some
large orders, on Government account, have given
full employment to the operatives.
In the Liverpool Cotton Market, on Saturday,
increased heaviness was apparent, and 8,000 bales
were sold at previous quotations. The Railway
Share Market closed quietly, and prices were
without alteration.

The demand for discount accommodation has
become much quieter, and accommodation has been
obtained on first-class bills at rather easier rates,
but 21 per cent. is still the average charge in the
general: money market. During the next few days
further indications of easiness may be occasioned
by the release of the January dividend, which com-
menced on Saturday. The effect of the loan and
other payments now maturing will therefore be
neutralised, and it is expected that the next Bank
of England return will show a falling-off in the
the stock of " other :securities," which, on the last
occasion, exhibited an important augmentation.
The ordinary general meeting of the Union Bank
of Australia was held to-day, at which a dividend
at the rate of £2O per cent. per annum was declared.
The report was adopted, and a vote of an additional
sum of £5OO per annum was made to the directors.
The New 6 per Cent. Victoria Railway Deben-
tures are firm at 1071 to 108,4, and transactions
have taken place at 107 to 107 t. On Friday the
exact amount taken was £640,800, and as the
applications on Saturday exceeded the balance
required to complete the loan of one million, it
'as resolved that new subscribers should be ex-
chided, there being scarcely sufficient to meet the
demands of those who had successfully tendered on
the first occasion, and to whom it had been decided
the preference should be given.

Rather more firmness has been exhibited in the
English Stock Market to-day, but the transactions
are not very numerous, as the operators are await-
ing the arrival of fresh dispatches from the Paris
Bourse. Consols have been 951 961 for money,
and 961 for the February account. They
are now 961 and 96k, buyers, respectively.
The New Threes are 96?,-, 1, and the Reduced 96A1.
-
A further purchase of £15,000 Stock has been made
by the Government broker. Bank Stock is 226 to
227, and India ditto 222. Exchequer Bills are 40s.
to 435. prem.

Foreign Securities have been tolerably active,
and rather more firmness has been exhibited.
Turkish 6 per Cents. are 901 to 911 dis. ; the New
Scrip is 31 to 3 dis. ; Venezuela Active are 431 44 ;
do. Deferred, 161 17. Chilian Scrip is ato 1-4, dis.
Dealings have been recorded in Russian 5 per
Cents. at 113 ; and in the 41 per Cents. at 991.
A moderate amount of business has been reported
in the Railway Share Market, but owing to the
heaviness in Consols prices in most instances shOw
a downward tendency. Chester and Holyhead,
Eastern Counties, Great Northern, North-Western,
North-Eastern (Berwick), and South-Eastern
declined 55., and Great Western, and Manchester,
Sheffield, and Lincoln, 10s. The foreign and
colonial lines are very inactive, and prices are
almost nominal. East Indian and Punjaubs are at
about previous quotations. •

For Joint Stock Bank shares there is scarcely
any inquiry. British North American have receded
to 58a, and Union of Australia to 57 Z-. In the
Miscellaneous Market Electric Telegraph have
improved to 107, and Crystal Palace Preference
shares are at 5-1.

BRITISH FUNDS—CLOSING PRICES.
'Bank Stock
3 per Cent. Reduced Annuities 961 1 1 f
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock
Ditto Debentures 991 i
Ditto Bonds, £l,000
Ditto under £l,OOO ....
Consols for Account....

96 51 si 5/

March June.
Exchequer Bills, £l,OOO, 2d. & 10.. 40 3 I 40 3
Ditto £500
Ditto Small, lid.
FOREIGN FUNDS—CLOSING PRICES.
-urazilian 5 per Cent.
Ditto 1829 & 39, 5 per Cent. lOl
Ditto 1858, 41 per Cent
Peruvian 41 per Cent 92
Portuguese, 1853, per Cent.
Russian, 1822, £ St., 5 per Cent ll3
Ditto 41 per Cent.
Sardinian, 5 per Cent B6/ 71 1
sparish 3 per Cent
Dit;,o Account
Ditto New Deferred, 3 per Cent.
Spanish Corn. Cert. of Coup. not funded 6l
7 urk;.sh 6 per Cent
Ditto Account
'Ditto New Loan Scrip
Ditto Account
Ditto guaranteed, 4 per Cent. , .
Ditto Account
Venezuela, 5 per Cent.
Ditto Account
Ditto Deferred 2 per Cent. l6/ 17
Dividends on the above payable in London.
French Rentes, 3 per Cent. Ex. 25f.
Austrian, 10 Gu. £, 5 per Cent.
Dutch. Exchange, 12 Guil. 21 per Cent 6sf 1
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols for Account, Jan. 11 95/ 6 ad