The Sun.
London, England, 1860-08-22 00:00:00

' —"- 5...

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK

The Money Market presents a firm appearance,
anti a good, demand is experienced for accommoda-
tion, and even first class bills are not negotiable
under the. Bank minimum of 4 per cent., while
is tho general rate. There is some im-
provemenl t in the Foreign Exchanges, and the
demand for gold for shipment to the Conti-
nent is r Alt of so pressing a character. This led
to an ad dition of rather more than 50,000 to the
stock of bullion at the Bank of England ; but in
the abse ace of fresh arrivals from Australia and
America some withdrawals may probably take
place. _ _

The a ivancing tendency in the value of money
will, in some measure, check the formation of new
joint st( )ck companies.
The foreign exchanges yesterday afternoon
exhibit ed a further slight advance on'the rate on
Vienne I.

Abo rat £52,000 in Australian gold was sent into
the Be nk of. England yesterday, and £45,000 has
also bt 'en disposed of for exportation.
At t he forthcoming meeting of the South-Eastern
BailvviT Company a dividend will be proposed at
the rato of £4 13s. 4d. per annum.

The .creditors of Messrs. Mouat, Michisson, and
Co., in ,the lace trade, at a meeting yesterday,
agreed to a composition of 13s. 4d. in the pound,
payable by i nstalments. The liabilities are £53,612,
and the asse is £48,869.

In the Li.,,rerpool Cotton Market, yesterday, busi-
ness was r aoderately acti're, and prices had an. up-
ward tende sicy. The sales were estimated at 10,000
bales.

At the h alf-yearly meeting of the Southampton
Dock Con tpany the report was adopted, and a
dividend for the half-year of £2 per cent., being
at the rat,;) of £4 per cent. per annum, payable on
the 31st 'au t., was declared.

The It?,,nglish Stock Market presents a very
heavy appearance, owing in a great measure to the
return o f unfavourable weather, and some large
supplies of money stock having been brought for-
ward. A few speculative sales have also been
effected, and Consols are now quoted 92t for
money, and 92 93 for account, being a reaction of
per cent. The New 3 per Cents. and the
Reduced are flat, at 931- ; the New 21 per Cents.
are 77, and Exchequer Bills have receded to par
and 3s. prem. Bank Stock is 231-1, and Indian
Loan 103, _ _ _

Foreign Securities have been dealt in to a mode-
rate extent, and prices are heavy. Turkish 0 per
Cents. ane 731 to 74 ; ditto New, 594 to 601;
Mexican have receded to 201 ; Brazilian 41 per
Cents. (1 800), to 871 ; Russian 5 per Cents, to
1071 ;an Dutch 4 per Cents. to 1011; Chilian
are 1031 -; and Belgian 41 per Cents. 96i.

The 01 cean Marine Insurance Shares are 21
prem.; tl Le Thames and Mersey, prem. ; and
the Univi 1 prem.

There has been a very limited business transacted
in the Fa ►ilway Share Market, and the few dealings
entered into have been at reduced quotations. Cale-
donia', Lancashire and -Yorkshire, London and
Blackwtill, North-Western, South-Western, and
North :British have declined ss. ; Brighton and
Midland', 10s. ; North-Eastern (Berwick), North-
Eastern (York), and South-Eastern, 15s. Eaetern
Counties 'advanced ss.

In the Foreign and Colonial Markets there has
been no change of importance. Grand Trunk of
Canada are wteady at 31; and Great Indian Penin-
sula have advanced to 97.

Joint Stock Bank and Miscellaneous Shares have
shown less. firmness ; London and Westminster
have declined ss.

The ad vices received this morning from New
York report an advance in the rates for discount
accommodation, and first•class securities could not
be nego,ei tiled under 5 or 51 per cent. for short
dates. The exchange remained without alteration.
The steel: of specie in the City banks on the 4th
inst. was £4,425,000, being a decrease of £194,300
compared with the previous statement.

138 ITISH FUNDS—CLOSING PRICES.
Bank S tack
3 per Cent. Reduced Annuities 931 $
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
New 2i por Cent. Annuities
India Stock
Ditto 6 7?er Cent. lO3/ / f a
Ditto Enlaced Paper, 4 per Cent —
Ditto 6 pe r Cent 961 6
Ditto tof par Cent.
Exchequer Bills, £l,OOO, lid
D tto £5OO par 3 p
Ditto fin call
FOU,EIGN FUNDS—CLOSING PRICES.
Brazilian +5 per Cent ..
Ditto 41 per Cent. 1860
Buenos A: Tres, 6 per Cent
Ditto At +count
Ditto Di 3ferred
Chilian & per Cent
Mexican 3 per Cent
Ditto Aocount
Russian +6 per Cent. 1822, £ St
Ditto A Lecount
Sardinian. 5 per Cent.
Ditto Account
Turkish 6; per Cent .. --
Ditto Yew Loan
Ditto Account
Ditto Chiaranteed, 4 per Cent.
Eividends on the above payable in London.
Belgian, 4k per Cent., Ex. 25f, 96k
Dutch Es change, 12 Guil. 2k per Cent —
Ditto C'ertificatE,s, 4 per Cent.
THREE O'CLOCK.
Co nsols, Money
'Ditto Account, September