The Sun.
London, England, 1860-02-28 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

Business in the Foreign and Colonial Produce
Markets during the last few days has been inactive,
although in most instances prices have been fully
sustained. For tea the inquiry was limited, and
no public sales of importance have taken place
in sugar ; for coffee there was a steady demand
at full rates, and rather mole activity has been
apparent in the inquiries for rice, fruit, and spices,
which have been dealt in at former rates. Salt-
petre has been in very limited demand, but tallow
has shown more buoyancy, prices for both present
and forward delivery having slightly advanced.
The Liverpool Cotton Market yesterday closed
quietly, and only 5,000 bales were disposed of, at
about previous rates. In the Railway Share Market
only a small amount of business was transacted,
and prices tended downwards.
A further small withdrawal of gold, viz., £15,000,
took place at the Bank of England yesterday, and
unless some fresh supplies speedily arrive from the
Continent, the movement will probably continue.
The quantity lately sent away, however, is too mode-
rate to excite anxiety, and the money► market,
owing to the limited demand and abundant supply,
still retains an easy appearance. On the Stock
Exchange loans are obtainable at 2 per cent., but
the inquiry is likely to increase during the next
few days in consequence of the liquidation in stocks
and shares.

Speculative business on the Stock Exchange con-
tinues dull, and as there are very few dealings for
investment, the English market presents a quiet
appearance. Upon the whole, however, prices are
a shade firmer, Consols being 94;5, for money and
94! I for the account. Much attention is still paid
to the advices from the Continent, but the opera-
tors are very cautious, and, if inclined to deal,
limit their transactions, and avail themselves of the
earliest opportunity to realise a profit. The New
Threes and the Reduced are steady at 951 ; India 5
per Cent. Loan is 1041; ditto 5 per Cent. enfaced
paper, 981 ; and ditto 51 per Cent. ditto, 104 ;
Bank Stock is 2291 and 231; Exchequer Bills are
235. to 265. prem.

A fair amount of business has been transacted in
the Foreign Stock Market, and prices show an
improvement. Turkish 6 per Cents. are 791 to
791 ; ditto New Loan, 661. Mexican have ad-
♦anced to 221, ; Russian 41 per Cents., to 084 ;
ditto 3 per Cents., to 65; Buenos Ayres 6 per
Cents. are 82 ; and Peruvian 41 per Cents., 941.
The Ocean Marine Insurance Shares are firm
at 22- 3 prem. ; the Universal ditto are prem.;
the London and Provincial ditto, a prem.; the
Canadian Loan is 2 prem. ; and the Buenos
Ayres and San Fernando Railway 4 4 prem.
The arrangement of the account has been in pro-
gress in the Railway Share Market, and a great por-
tion of the business transacted has been in connection
with that operation. Caledonian, Edinburgh,Perth,
and Dundee, London and Blackwall, South Western,
North British, and North Eastern (Berwick), have
declined 55.; Great Western and Midland ad-
vanced ss. ; Lancashire and Yorkshire, 10s. ; and
South Eastern, £l.

In the Foreign Market prices were nominally
unaltered.

The Colonial undertakings were inactive.
Grand Trunk of Canada improved to 351, and
Great India Peninsula to 991. East Indian im-
proved to 101 and 1011.

- Joint Stock Bank and Miscellaneous Shares
have shown little variation of importance. Bank
of Australasia declined to 771 ; London Joint
Stock to 314-; and Union of Australia to 46.
Canada Land were firm at 125 and 126. Crystal
Palace at 30. Peel River Land brought 49, and
Van Diemen's Land 111.