The Sun.
London, England, 1859-04-25 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.
The accounts from the manufacturing districts
are of an unsatisfactory character, the excitement
occasioned by the preparations for a general elec-
tion having in a great measure interfered with the
usual course of business. The state of continental
affairs, too, also presented an obstacle to any active
operations being carried on in goods suitable to
those markets. At Leeds during the past week
very little business has been done in ordinary
cloths, but summer fabrics have met with a steady
sale and many of the manufacturers are still well
employed. At Bradford the market exhibited con-
siderable heaviness, and the transactions in yarns
and piece goods were unimportant; prices, however,
continued firm. Business at Manchester had been in a
great measure suspended except for India goods, the
late favourable advices from Calcutta having given
some impetus to trade in those particular descrip-
tions of goods. At Leicester the hosiery trade is
without much animation, and the demand for cot-
ton hosiery has fallen off. At Nottingham, how-
ever, a fair amount of business has been reported,
both in lace and hosiery, and most of the manufac-
turers are fully engaged upon large orders for the
United States. The iron trade of South Staffordshire
continues exceedingly dull, and at Birmingham the
operatives in many branches of trade connected
with the town and neighbourhood are only par-
tially employed. At Sheffield and Wolverhampton
the state of trade has been less satisfactory than
for some time past. The orders from the United
States have been smaller, and for the home and
continental demand there has been scarcely any
inquiry. At Walsall the saddlers' ironmongery
trade is exceedingly dull.
The official returns relating to trade and naviga-
tion for the three months ending the 31st March
have been published. From these it appears that
the total declared value of the exports from the
United Kingdom for the three months was
£30,520,794 against £23,510,290 in the lik3 period
Of 1858. The increase is most perceptible in beer
and ale, coals and culrn, cotton manufactures,
earthenware, haberdashery and millinery, hard-
ware and cutlery, linen manufactures, linen yarn,
refined sugar, woollen manufactures, and woollen
and worsted yarn.

The importations of the principal articles were
large as regards live animals, oats, rum, cotton,
flax, spices, unrefined sugar, tea, wine, and sheep
and lambs' wool. There was a diminution, com-
pared with the same period of last year, in cocoa,
Coffee, wheat, flour, potatoes, provisions, raw silk,
tallow, timber, and tobacco.
The shipping accounts exhibit an increase in the
amount of tonnage employed in the foreign trade
of the United Kingdom for the three months of
65,583 for the entries inwards, and of 231,570 tons
for the clearance outwards. In the coasting trade
for the same period there is also an augmentation
of the tonnage employed of 414,139 tons for the
entries inwards, and of 265,771 tons for the clear-
ance outwards.
A steady demand for money is still reported in
the general Discount Market, the Indian loan and
other financial arrangements having lately absorbed
a large amount of capital. The check which has
been given to commercial enterprise by the un-
favourable state of political relations has caused
less activity in the inquiry for mercantile purposes,
but other requirements have supported the market,
and there is evidently an upward tendency in the
rates of discount, although the minimum of the
Bank of England is still maintained at 21 per cent.
Increased depression is experienced at the Stock
Exchange. At first the Funds appeared steady,
but extensive sales on foreign account have since
taken place and the result is a general
decline
931 in values. Consols, which were
7
4 of have dropped to 931 4-, and they
are
now 931 Further extensive sales have
'h
-een made, and the tendency is still unfavourable.
The„ New Three are marked 921 1, and the Reduced
'2l 7.5. Exchequer Bills have been dealt in at 325.
to 358. premium; Indian Debentures, 951 96 ; and
the New issue, 2to 1 per cent, discount. As only
2 per cent, has been paid towards the new loan, a
further decline would probably induce some of the
subscribers to forfeit their deposit, so that even
now this financial operation may not prove so suc-
cessful as was at first anticipated, unless the autho-
rities compel the subscribers to adhere to their
contract. Bank Stock is 223 to 2241.
In Foreign Securities the transactions have not
been very numerous, but the quotations show a
decided fall. Turkish 6 per Cents. have been
about 80 to 82, and 76 to '7B, and the New Issue 66
to 70, and 65 to 67, which is a further important
decline. Venezuela Deferred have fallen to 161;
Spanish 3 per Cent. Deferred to 291 ; and Sardi-
nian to 691 70. Russian 4,1-per Cents. are 98 ; Mexi-
e_au, 19?- ; Buenos Ayres, 921 94 ; and ditto
Deferred, 18. The Austrian Loan is 6to 4 dis.
A most decided change has taken place in the
Railway Share Market in sympathy with all classes
of speculative securities, the decline, compared with
previous rates, being fully 2to 3 per cent. South
Westerns have receded £2 ; Eastern Counties,
Great Northerns, East Lancashire, Lancashire and
Yorkshire, North Eastern (Berwick), and South
Eastern, £2 10s. ; Great Western, Brighton, Mid- i
land, and Caledonian,£3 to £3 ss. ; and Norfolk,

The Foreign lines have fully participated in the
general decline. Northern of France have receded
£2 10s.; Bahia and San Francisco, 10s. Lombardo-
Venetian old shares were dealt in at 6 to 6, and
6 to 61 for the new.
In the Colonial Market, Grand Trunk of Canada
have declined £1 10s. ; Great Northern of Canada,
£1 ; Great Indian Peninsula, £1 ss. ; and East
Indian, £3.
Joint-Stock Bank and Miscellaneous Shares have
been in very limited request, but prices are lower.
Ottoman Bank have receded to 174 171, Union of
Australia to 491, Peninsular and Oriental Steam
to 80 and 81, and South Australian Land to 36.

T .
The Funds have further
receded toHALF-PAS theTWO
extent
of to I per cent., Consols being 931 buyers.

THE FRENCH BOURSE.
(FROM REUTER'S TELEGRAM.)
The French 3 per Cents., at 12 o'clock (this day),
Were 63 65, being considerably lower.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 92T 2
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
220 921 4 i 12
India Stock
Ditto Debentures 96 51 1 I 5
Ditto Bonds, £l,000
Ditto under £I,000

June.

-
March.
Fxchequer Bills, £l,OOO, 2d. & lld 3'333
Ditto £5OO
33 2 1
Ditto Small, 114.
99i
Exchequer Bonds, 1859, 31 per Cent ....
931 1 la 13
Consols for Account (May 5)
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent.
Ditto, 1829 aud 1839
94 21 3/
Ditto 1858, 44 per Cent.
.. • 79
Buenos Ayres, b per Cent.
Ditto Deferred
Mexican 3 per Cent lB
Ditto Account
Ditto Account
ItkNsian 1822, £ St., 5 per Cent
Ditto 41 per Cent.
Sardinian 5 per Cent. 691 70 69
Spanish Sardinian,
Cent
Ditto Account
Ditto New Deferred, 3 per Cent.
Ditto Account
Turkish 6 per Cent
Ditto Account ... ....
Ditto Account
Ditto New Loan
........
...... ...
Venezuelan 5 per Cent. ......
Ditto Deferred 2 per c'ent ......... . .........
Dividends on the above
payable in London.
Dutch Exchange, 12 Guil. 24 per Cent 6O 581
Dutch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent. ........ 96

THREE O'CLOCK.
Consols, Money
..... 931 I
Consols for Account (May 5) 93

The last accounts from Constantinople state that
Abd-el-Kader intended to go on a pilgrimage to Mecca,
but, in submission to the Ottoman Government, he has
abandoned the design.
The Cardinal Archbishop of Vienna, Mgr. Raus-
cat her, has returned to that city after several months' absence
Rome.