The Sun.
London, England, 1860-07-04 00:00:00

MONEY MARKET AND CITY .NEWS.

4....____
CITY, Two o'CLocir.

The Money Market continues in an active state,
but the commercial community are enabled to obtain

the accommodation they require P.,t the current
rates, although the recent failures have rendered
the discount houses more reserved. It is probable,
however, that a quieter tone will prevail after the
engagements due to-day shall have been liquidated,
and increased relief may bre looked for when the
dividends are paid at the Bank of England.
The leather trade crmtinues in a very depressed
state, owing to the announcement of further
failures and the expectation of additional casualties
in the country. So sudden a collapse has seldom
been wittvessed in any particular department of
business, but in this instance it appears that affairs
have long been in a very unhealthy state,
and the _consequence has been that the
embarrassments of one or two leading firms
have led to the disorganisation of the entire
trade. The liabilities of the houses which have
already suspended probably approach two millions
sterling, and it is feared that the assets in most
cases will fall short of the estimates originally
formed. The follo-Wing is a list of the canines up
to the present time :—Messrs. Stratfi,
and Mortimer ~ Messrs. J. F
Messrs. Smith, and Pat'

Mundy; Mr.. Hael-
Mortimer -

,on, of Godal-

-,'e Liverpool Cotton Market yesterday the
transactions were less extensive, and prices were
steady. The sales were about 8,000 bales. Busi-
ness In the Railway Share Market continued rather
active, and quotations tended upwards.
At the meeting of the Colonial Bank just held
the report was adopted, and a dividend, at the rate
of 10 per cent. per annum, was declared, free of
income tax. The directors had awarded a gratuity
of 10 per cent. upon the employes' salaries, which
met with general approval ameng the proprietors.
The market for Public Securities has been quiet
to-day, and tolerably steady. Consols being 93d i
for the 18th inst. Very little speculative business
has been reported, and the dealings for transfer
are too limited to create animation. The New
Threes and the Reduced are firm at 93! 4 ; India
5} per Cent. Enfaced Paper remain at 102, but the
Debentures are flat at 96i; the Bonds are 9s. to 4s.
dis.; ditto 5 per Cent. New Loan, for account, is
1041 ; and Exchequer Bills are heavy at par, 2s.
prem.

A very small amount of business is recorded in
Foreign Securities, and prices are firm. Turkish
6 per Cents. are 771 to 7'74 ; ditto New, 60 to 6•31;
and the 4 per Cents. are 1021; Portuguese 3 per
Cents. remain at 44.

The Ocean Marine Insurance Shares are 18
prem.; the Thames and Mersey, 1.4 prem.; and
the Universal, / 1 prem.

The following are the prices of the American
Stocks:—

Redeemable. Prices.
'United States 6 per Cents 1867-1868
Do. 5 per Cent Bonds
Maryland 5 per Ct. Str. Bonds 951 961
Massachusetts 5 per Cent. Str
Bonds
Pennsylvania 6 per Ct. Stock — 82 84
Alabama 5 per Cent. Bonds — 75 77
Kentucky 6 per Cent. Bonds lB6B-72 90 92
Ohio 6 per Cent. Stock lBB6 97 98
Pennsylvania 6 per Ct. Bonds 1877 86 87
Tennessee 6 per Cent. Bonds. Divers 79 81
Virginia 6 per Cent. Bonds ~ 1886 84 85
Virginia 5 per Cent. St. Bonds 1888 82 84
Boston 5 per Cent. St. Bonds
Central 7 per Cdnt.
Iflinois Central 6 per Cent.
Illinois Central 7 per Cent
(Freelands)
Do. shares, 60 dole. paid 43 41 dis
Michigan Central 8 per Cent 1869 82 83
Do. do. shares 38 40
New York Central 6 per Ct.,
not convertible.... lBB3 851 861
New York Central 7 per Ct.,
convertible, from June 15,
r" 1857-59
Do. do. shares
New York and Erie, 7 per Ct ,
3d mortgage
Do. do. shares
New York and Erie 7 per Ct.,
convertible
New York and Erie, 7 per Ct ,
sinking fund
Panama 7 per Ct., Ist mort •
gage Str. Bonds, not cony..
Do. do., 2d do.

1864

92 93
70 72
69 70
11 12
28 32
- -
99 101
98 100

1883

1862
1875
1865
1872

Business in the Railway Share Market has
been inactive, but the few dealings entered into
have been at slightly enhanced quotations in seve-
ral instances. Great Western, Lancashire and
Yorkshire, North-Western and South-Eastern have
improved 55., and South-Western, 15s. ; Eastern
Counties have declined 55., and Manchester, Shef-
field, and Lincoln, 10s.

In the Foreign and Colonial Markets no business
of importance has been entered into. Grand Trunk
of Canada have declined to 28 281 ; Great Western
of Canada to MI 8 ; East Indian and Great Indian
Peninsula brought previous rates.

joint Stock Bank and Miscellaneous Shares are
at about former quotations. Union of Australia
realised 43 ; Peninsular and Oriental Steam 71
72f ; and Royal Mail Steam 51.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities 93a i
New 8 per Cent. Annuities
India, Stock . -
Ditto Enfaced Paper, 4 per Cent —
Ditto 5i per Cent.
Ditto Debentures, 1858 96}
Ditto, 1859
Ditto Bonds £l,OOO
Cowls for Account, 10th July 93i 1
India Stook for Account —
Ditto 6 per Cent lO4l
Exchequer Bills, £l,OOO, lid
FOREIGN FUNDS—ONE O'CLOCK.
Portuguese 3 per Cent., 1853 .. 44
Turkish 6 per Cent •
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditt• Account
Dividends on the above payable in London.
TWO O'CLOCK.
Consols for Account, ex div 931 1

NEWMARKET RACES--( This Lay.)

[BY ELECTRIC TELEGRAPH.]
£6O HANDICAP PLATE.

Lady Peel
•
Tadworth 2
Queen Bee

Eleven ran.
TOWN PLATE.

Butterfly filly 1
King of Diamonds
2
Sneer lly fi

Five ran.
SWEEPSTAKES OF 10 SOVS.

Tyrant
Greek ..