The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-19
Financial and Commercial Affairs.

LONDON MONEY MARKET.
The money market most abundantly supplied, and
grow The rates for short loans
little than nominal, and transactions had taken
place in the discount market as low as from 2A per
cent.
Messrs james Cousens Sons tea merchants had sus-
pended payment. The failure was also announced OF
four Ave houses in Dublin, including that Of Arthur
McKenna & Sons, timber merchants.
Gold continued flow into the Bank Of England, and
the bullion reserve was expected soon TO reach point
greater than ever before known.
The funds were firm, and consols closed the I'd at
ob}G e5l for money and account, which was rather be-
low the highest point reached during the day.
The export ofspece to the East by the mail Of the lth
would be f2lq,000.
The DAILY Ners thinks that gold will soon be again ex
American securities reported quiet and without alto
ration.
From the london Times Money Artlclc) Feb. 81
The course OF exchange at New York on London for
bills at 60 days sight s 109L per cent, which, when
compared with the Mint par between the two countries
shows that the exchange slightly in favor Of England
and afler making allowance for charges Of transport
and difference Of interest," the present leaves r
fling profit the importation Of gold from the United
States.
The funds opened steadily this morning at the i'm.
provement Of yesterday, and subsequently experienced
from speculative sales sup upon lower prices from Paris
Consos for money first quoted 95h 10 95k, and al
most mmediatey went to seH 70 s5S Tho nnal
70 e5s for the Sth Of March
In the foreign exchanges this afternoon there was no
he closing Srotions Of the French Three per cents on
the Paris Bourse this evening were ee Ioc for money
ard 69f 3oc for the end Of the month showing reduc
ton Of three eighths per cent
LONDON MARKETS.
Corn market duh and wheat heavy at D. decline. Su
gar in good demand at full rates. Coffee quiet aud IN
some cases rather easier Tea quiet and unchanged.
Rec In better demand; fno firm, but common rather
cheaper rsow easier and dull; sales on the spot at
52s. Cd 53e, and end Of the yearat 5ls Lnseed oil
2ss. Cd. a 2ss Tin again advanced f5 English fl23.
Scotch pig iron 53s Cd bs. Spirits Of turpcntine 3ss
RICHARDsoS, SPENCE co.'s CIRCULAR.
LrEsrooL, Feb. 2, 1858.
Cor1oN.--Ihe market has been slack ths week, but
prices are firmly supported the supply offered bcing
limited. especially in the mddng qualities In Manchester
Manufacturers generally complain Of unsatisfactory
business, but spnners are In better spris yarns
in demand. and some numbers at paying prices. Md
ding Orleans 151ed. Mobile, e,sd. Bowels, iod.
per Id.
The grain trade since Friday has ruled exceedingly dull
and Mark lane yesterday wheat sold with difficulty
at decline Of fully 2s per quarter AT To days market
there few buyers present. the business done
all kiods Of breadstuns a Of the moet limited deecrp.
ton Wheat, in absence of transactions, IL nomnaly
altered In value, but s impossible 10 say what conces
ons would have been made by holders In order 10 effect
sales. Flour quite neglected, and prices nominal much
reduced rates asked but fail 70 bring forward pur
chasers Indian corn, mixed and yellow In very lmi,ed
demand for feeding purposes nj late quotations. white
plentiful and easier 70 buy We ote-wheat red,
5s Cd 70 g. for Western whe 7s 70 IT, Cd per 10 lbs
p,our, fhilsdephis and Baltimore Zss to Sss Sd extra
2is 70 23s., per barrel. Indian Corn mixed and yellow
33s TO s4s. white, 36s. per $50 lbs.
Bru-Iittle doing, without change In prices. parcel
Of Inferior Taylors per Baltic sold at fi lbs per uerce
Pork slow for Gragns ship, 76s per barrel has been
taken BaconA few arrivals offered from the quay have
slightly weakened the market for 100 boxes Kngan aud
Reds Baltic, assortment, s6e has been been taken
and for 200 boxes Domnicks long mddes rib In AIS per
cwt. lard quiet, at t2s for good quality
TA1ow.-The stock here light, and prices are steady.
In London the market is fiat with sellers OF p " C. al
62s Cd spot and March, 6ls. Sd. April 70 June
Roev-Common, firm at 4s. TO a. Id.
BARK quiet at &c. Cd 70 ss. Cd for Philadelphia g. &
TO rs. for Baltimore.