The Sun.
London, England, 1860-01-19 00:00:00

MONEY MARKET AND CITY NEW S.

CITY, Two o'CLocK.

Increased withdrawals of gold from the Bank of
itngland are now reported, £103,000 having been
sent away yesterday, and as the movement is ex-
pected to continue, an impression prevails that the
Bank of England Directors will soon find it neces-
sary to modify their discount regulations. Not
only are the exports to the Continent actively
maintained, but larger consignments of silver are
now despatched to the East, and the effect upon
the money market is likely to be important unless
extensive arrivals of Australian gold aro speedily
announced.

Subjoined are the particulars of specie on board
the Peninsular and Oriental Company's steamer
China, which leaves to-morrow, tho 20th, for India
and China :

Alexandria, gold
Ceylon, do.
Madras, do.
Do., silver
Calcutta, do.
Do., gold
Hong Kong, do.
Do., silver
Penang, do.
Fow-Chow, do.
Shanghai, do.

Total £547,609
At the meeting of the shareholders of the Bank
of London, held to-day, Sir James Shelley, M.P.
presided. The report was passed unanimously, and a
dividend at the rate of £5 per cent. per annum,
free from income-tax, was declared. Mr. Benjamin
Scott was appointed auditor in the place of Mr.
Richard Hartley, deceased, and after some discus-
-11011 a vote of thanks was passed to the chairman,
directors, manager, and general officers of the
company.
The half-yearly meeting of the London Joint-
Stock Bank has been held to-day, and the report,
Which was adopted unanimously, stated as follows :
The accounts which the directors have now the pleasure of
submitting to the shareholders show that the net profits re-
['tilting from banking operations during the last six months,
%Mount to £71,530 Os. 5d., and which has been appropriated
•s follows :

X 37,500 0 0 inxplr
peerneteonftuamdpivierdaenndnuamt the rate of
33,000 0 0 in payment of a bcmus of 11s. per share
1,030 0 5 transferred to the guarantee fund

£71,530 0 5

Is consequence of the great dimimiti,on of the profits of the
half-year ending on the 30th June last, occasioned by the de-
preciation during that period in the valuation of Government
and Indian Securities held by the bank 4 the directors have de-
termined that for the future the fluctuations on such securi-
te,ll:ll4ll be adjusted through the medium of the guarantee
and it is expected that by this arrangement the future
Pediottl. dividends will be more nearly equalised.
,r
he re-valuation of these securities on the 31st ultimo, as
e°lllPared with the rates current on the 30th June last, showed
At profit of £24,171155., and this sum has been carried to
`ue credit of the guarantee fund, which now amounts to
*229,389 18s. 11d.
Market
from Liverpool report that the Cotton
Market yesterday closed with a very active appear-
Wee, and prices of all descriptions tended upwards.
The sales amounted to 15,000 bales. In the Rail-
/aY Share Market, business was rather quiet, and
ilintations were barely supported..
The Atrato has arrived from the West Indies
11411 £99,400.
At the forthcoming meeting of the Scottish
`lllstralian Investment Company a. dividend at the
tate of 10 per cent. per annum will be proposed.
, The minimum rate of discount, after remaining
t
r` 21 per cent, for a period of six months, has been
raised to 3 per cent. to-day, the Bank of England
-41ectors having considered some restrictive mea-
sure necessary in order to check tll .e efflux of gold,
413. d to adjust their regulations mmee in accordance
vlth the tendency of the money market.
The English Stock Market, in which business
has been inactive owing to the quietude of specula-
tion and the limited character ctf the bona
_fide
transactions, has not been much aft 'voted by the rise
in the rate of discount, Consols being 951 for
money, and 951 t for the account ; or the same
is they closed yesterday afternoon. The New
Threes and the Reduced are stteady at 95} ;
India Loan Debentures are 98:1 ;:ilitto New Loan,
104! t ditty A 7,-- 0 : advanced to
• cent. ditto -to 1041, j ; and
: Lona

il 14 tile 1 .feign Stock market a, fair amount of
vllliness has been transacted, but pie ices tend down-
-4'.11t4. Turkish 6 per Cents. are 78f to 791;
212,:° pew, 661 to 661 ; Mexican have receded to
4/1; Peruvian 41 per Cents. to 95 ; Portuguese to
3 4; Buenos Ayres 6 per Cents. to B'cil; Venezuelan
Per t Cents. to 261 27k 8 ; ditto lf per Cents. to
:141 Spanish 3 per Cents. are steady at 441; and
eferred heavy at 331.
214 he shares of the Ocean Marine Insurance are
tb I prem. ; of the Universal ditto., - to i prem. ;
C e New Bank of Turkey about par ; and the
4
4adian Loan, 31 f prem.
,4he last week's railway receipts..., ascertained up
''" this day, are, in round figures., as under :-
Ore 1860. 1859.
No it Western . -£27,545 425,834
erth-Western " 70,618 66,152
ii4.lt11-Western
right )4., ou
4,,l'lland
... 35,532 31,953
iftlltia. Eastern
j2,lt Northern - . 23,574 21,896
Noar %hire and Yorkshire ... 32,410 29300
1,4.t0l and- Exeter .. . 5,781 6,291
)4 1111-Eastern ... . 31,110 29,849
atchoster, Sheffield, and Lincoln ...... 10,48?
4,236
41,.V0rd, Worcester, and Wolverhamptol L 4_,419
bp.tt Hartlepool - 3,718 3,169
irils.burgh and Glasgow . 3,166 3,062
se"L'row and South-Western
~, ottish North-Eastern . 3,430 3,250
~./,.....
. , 11,808 7,633
41-..exl Trunk of Canada
Dutch Western of Canada
utch Rhenish ..,,,
27,20175 6,740
2,654
.. . /1
The above returns show a steady and continuous
improvement in most of the princips 1 undertakings.
`P; the Great Western the advailce amounts to
VX1,711; North Western, £4,466 ; t3outh Western,
the Brighton, £564 ; Midland, £3,579 ; Great
rn, .£1' , 678 .
X 3 110 Lancashire and Yorkshire,
Sheffield Nort
h.
Eastern, £1,261 ; Manchester,
Canada, and
£4,1 Lincoln, £1 011 ; G rand Trunk of
£275. 75, and Great We stern of Canada,
The dealings in the
been moderately Share Market have
Railway ure
active, but pric es. have slightly
given way. North-Western, Man.cAester, Sheffield,
and Lincoln, and South-Eastern dee lined ss. • Cale-
donian, Great Northern, Great Nbrestern, 'South-
_Western, North-Eastern (Berwic.k), and ditto,
o,York, 10s.
be The Foreign lines have been neglected, prices
ng almost nominal-Dutch Rhenish are 101,
4d Lombardo-Venetian 121 12t.
1 In the Colonial Market prices have also shown
48 firmness. Grand Trunk of Ca n,adr have receded
to 139 40 Great Western of Ca lda to 12! 12i;
East Indian to 1011.
AJoint-Stock Bank and Miscellaneous Shares
rne been in limited request, at almost former
Pes-London and Westminster improved about
hsl• ; and Union of London declinea 6s. ; Van Die-
m' Land improved ss.

NBRITISH FUNDS-CLOSING PRICES.
A Stock .. ... 22$
i Per Cent. Reduced Annuities .. 95 1 I
Per Cent.
N, Consols Annuities
Lou 3 Per Cont. Annuities
1).N? Annuities, expire sth Jan., 1860.....
l
ttto for 30 Years expire sth April, 18e2:. 12722?-16 i I
4dia Stock '
Ditto
5 per Cent.
-"a Debentures, 1858
Ditto Ditto, 1859 . .. 981
I)4° tends, £l,000
D‘6 under £l,OOO . .. 12 15
itto Enfaced Paper, 5 per oent•• •' ' - ' 9108119 i i 5 41
Congo 61 per Cent.
P 8 for Account (Feb. 8) ich
. • 9281 4
)3 ti. 'quer Bills £l,OOO, 11d . ••
"° Rrnall, I}d. .... 29 5
114, FOREIGN FUNDS-CLOSING PRICES.
ele°B Ayres, 6 per Cent ~• •.• 83f
.10,, . ,
.... 1044
b., .', 0 per Cent
140 4i per cent
(ipador New Consolidated 0 . 13 121
Pada New Active, 31 per Cent. ........ 16f
toe Igo Deferred
Xie
1).,,44 3 per Cent. ... -
1. 1"° Account .. 221
eruxia
n I)itt n 4/ per Cent .• •
•,, 0 Account , . 95
-11iti,'”uese, 1853, 3 per Cent. ... -
,_l4 0 Account .. • • 441 -ai•
Dino 1822, £ St., 5 per Cent . „ 1101
‘to 41 per Cent.
84.tt?, 3 per Cent., 1859 , . 66
1,.,.11'14,1) 5 per Cent. .. 85 1
D• ,4 3 per Ceut ...
Ditto Account Account
1:1!10 Nm Deferred, 3 per Cent........ 7,-,1
I`4,,,„'`Y) Account
....• .01
Ditty 6 per Cent .... -
i',llo Accant ... 79
Ditto New Loan -
~oilitto Account
v Ditto ezuelan 3 per Cent .. 271 61
11 per Cent
Lividends on the above payable in London._

TIIREE O'CLOCK.
Coni!ols, Money 94 I
Ditto Account (Fob.) t. 95}