The Sun.
London, England, 1861-05-13 00:00:00

JIONEY MARKET 4ND CITY NEWS.


CITY, Two O'CLOCK.
The'progress of business during the past week
in the manufacturing districts has continued
unfavourable, the advices from America having
caused an almost suspension of operations in goods
suitable to those markets. At Manchester com-
plaints are generally expressed at the dullness of
trade, the few dealings entered into having been
chiefly for immediate home requirement. No im-
provement can be reported in the demand for
cloths at Leeds, and several of the mills have been
only working short time." At Bradford and
Huddersfield the business done hai been of the
most limited character, without any change of
importance in prices. In the hardware districts
the operations have not been extensive. At
Birmingham, however, there has been rather more
enquiry for rifles for the American States.
A moderate amount of business was reported in
the Liverpool Cotton Market on Saturday, and
prices were steady. The sales were 8,000 bales.
There were no bullion operations of importance
at the Bank of England on Saturday.
The arrivals this morning have been rather ex-
tensive, including the Kent from Australia with
£104,220 ; La Plata from the West Indies, £84,600
Alhambra from the Peninsula, £3,818, and the
Niagara from New York, £240.
Later advices from Australia report the depar-
ture of the following vessels with gold for this
country, viz., the Boreas, with £41,972 ; the
Prince of Wales, with £88,604; the Themis. with
£94,376; and the Yorkshire, with £144,500, in
addition to those previously announced, with an
aggregate of about £500,000 now at sea.
A meeting of the Submarine Telegraph Company
is being held for the purpose of electing directors,
and considering the recent acrimonious and defama-
tory statements circulated against the management
of the company. A protracted discussion is now
going on.

There is very little alteration in the demand for
money, notwithstanding the quietude of trade, and
the restricted operations in the manufacturing dis-
tricts. At the Bank of England the inquiries are
very numerous, as the terms asked for accommoda-
tion in the open market are slightly in excess of
the minimum of that establishment. The flow of
sovereigns to America naturally tends to impart a
firmer tone to the quotations, as its continuance must
necessarily stimulate an upward tendency.
There has not been much animation in the
market for public securities to-day, but a slight
improvement has taken place owing to the more
favourable tendency of the advices from America,
which have induced a few purchases on specula-
tive account. Consols are 911 y for money, and
92 to 92} for the 6th proximo. The New Threes
and the Reduced are steady at 891 i; ditto 5 per
Cent. Indian at 1019, and Exchequer Bills having
improved to 4s. and 3s. dis.
The dealings in the Foreign Market have been
moderate. Turkish 6 per Cents, are 701 71 ;
ditto 1858, 551 56; Mexican have improved to
p 221 3 ; Grenada, to 16 ; Portuguese, to 4%; and
Sardinian, to 81i; • Spanish Deferred are steady at
420 ; and Brazilian 41 per Cents., 871.
Messrs. D. Bell, Son, and Co. report the market
for American securites as very firm. The following
are some of the prices :

United States 6 Redeemable. Prices
per Cents 1867-1868 88 90
Ben Do. 5 per Cent Bonds
tuck 1874
y 6 per Cent. Bonds . 1868.72
Penn!ylvania 5 per Ct. Bonds 1877 84 88
Illinois Central 7 per Cent. 1875 82 83
Illinois Central 6 per Cent.
85 88
1875
Do. shares, 80 dols. paid
xichigan Central 8 per Cent 1869 87 89 die
Do, do. shares 5
New York Central 6 per Ct., 0 52
not convertible
Now York Central 7 per Ct ,
convertible, from June 15,
1857-59
Doe do. shares
New York and Erie, 7 per Ct.,
Ist mortgage
Do. do., 2d mortgage
Dc do., 3d mortgage
Do. do. convertible.

1883

1864

1867
1859
1883
1862

Do. do. shares
Panama 7 per Ct., tat mort•
gage Str. Bonds, not cony
Do. do., 2d do.

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