The Sun.
London, England, 1860-11-28 00:00:00

MONEY MARKET AND CITY IVEWST

CITY, Two O'CLOCK.

The inquiry for discount accommodation has been
very much curtailed during the last few days, in
consequence of an expectation that the minimum
rate of discount at the Bank of England will be
immediately reduced to 51, if not to 5 per cent.
Accommodation is already obtainable at the latter
quotation in the general market, but a movement
on the part of the anthorities of only a per cent.
would no doubt have this effect of forcing the rates
out of doors to a lower point than that already
attained. The only drawback at the present
mement is the position of the Exchange at New
York, which many regard as an unfavourable feature,
since it may operate adversely upon the course of
monetary affairs by causing an influx of specie from
this country to the United States.
The foreign exchanges yesterday afternoon
exhibited a further slight decline in the rate on
Hamburg; the quotations on Vienna and Trieste,
however, were rather higher.

The Directors of the Royal Portuguese Railway
Company have made a final call of 300 f. per share,
payable from the Ist to the 15th of January next.
Rather less activity prevailed in the Liverpool
Cotton Market yesterday, but prices were firmly
maintained. The sales were about 3,000 bales.

The following are the days appointed for the
shutting and re-opening of the transfer books at
the Bank of England:—

Shut. Reopen.
Three per Cent. Consols Friday, Dec. 7.. Friday, Jan. 18
Three-and-a-Half per
Cents. ,) 7 "Thursday „ 17
Two - and -a- Half per
Cents
7) )) 7. • )9 „ 17
New Five per Cents. ..
1) 7. • 1) „ 17
Annuities, Jan., 1880.. „
)7 7. • ~ ~ 17
India Stock
India Five per Cent " 1, 7• • ), „17
Stock
The official returns relating to trade and naviga-
tion for the ten months ending the 31st October,
1860, have just been published. From these it
appears that the total declared value of the exports
front the United Kingdom was £112,956,527,
against £108,755,184 in the like period of 1859,
showing an increase of £4,201,343. The increase
15 most perceptible in cotton manufactures, cotton
yarn, earthenware, linen yarn, iron, seeds, British
spirits, sheep and lambs' wool,and woollen worsted
manufactures; but there is a falling off in beer and
ale, coals and culm, haberdashery and millinery,
hardwares and cutlery, silk manufactures, thrown
silk, British spirits, and refined sugar.
The importations of the principal articles for
the like period were larger as respects live animals,
cocoa, coffee, corn, flour, raw cotton, indigo,
fruit, provisions, rice, saltpetre, pepper, rum,
tallow, tea, tobacco, wine, and sheep and lambs'
'Wool. There was a diminution, however, in flax,
hemp, potatoes, raw silk, spices, brandy, and
Inirefined sugar.
The shipping accounts exhibit an increase in the
amount of tonnage employed in the foreign trade of
the United Kingdom for the ten months, for the
sutries inwards of 565,030, and of 365,998 tons for
the clearances outwards.

In the coasting trade for the like period, 420,474
tons more were employed than to the corresponding
date of 1859 for the entries inwards, and 548,966
tons for the clearances outwards.
The Market for Public Securities opened
quietly, with a steady hut inactive appearance.
Buyers, however, afterwards came forward, and
their operations, although limited, have caused an
improvement of 1 per cent., Consols having risen
from 931 g to 932 1 for the acccount ; the price for
money is 93i ;,,-". The market presents rather a
buoyant appearance, and the favourable tendency
of monetary affairs no doubt contributes to the
prevailing firmness. The New Three per Cents.
hid the Reduced are steady, at 911 i ; India New
Loan is at 1031 f ; ditto 5 per Cent. Enfaced
Paper is firm, at 1011; and Exchequer Bills are
flat, at 4s. dis.

Very little business has been reported in the
Foreign Market, and prices, in some instances, is
tolerably steady. Turkish 6 per Cents. are 73 1 ;
ditto New, 581- to 584 ; Brazilian 41 per Cents.,
2858, are firm at 891; ditto, 1860, at 89 ; and
Buenos Ayres at 961 ; but Belgian 21 per Cents.
have receded to 561 ; and Dutch 4 per Cents, to
100.
t. The dealings in the Railway Share Market have
een moderately active, and a further improvement
alas taken place in prices, particularly as regards
Lancashire and Yorkshire and Midlands. The
termer has advanced £1 to £1 10s, and the latter
Caledonians have improved ss. ; Great
Z.externs, 10s.; North Westerns, 55.; South-
Westerns, 55.; and North-Eastern (York), ss.
The Foreign Market continued inactive, prices
being almost nominal. Antwerp and Rotterdam
realised 5i I, and South Austrian and Lombardo-
venetian were heavy at 13! f•
In the Miscellaneous Market, Peninsular and
"dental Steam declined to 74 ; and Royal Mail
Steam advanced to 471 ; Crystal Palace Reference
stock brought 101; and Peel River Land, 50.
„In the Colonial undertakings East Indian de-
Tined 65_.
; and Grand Trunk of Canada advanced
%; Great Indian Peninsula realised previous
Values.
Joint-Stock Bank Shares were heavy. Union
of Australia declined 6s. to 10s, ; Union of Lon-
don, ss.

t BRITISH FUNDS—CLOSING PRICES.
.." Per Cent. Reduced Annuities 9l
N / 1
u Per Cent. Consols Annuities
Aew 3 per Cent. Annuities ........ ..
expire sth Jan., 1880 —
`"Thluities, 30 yrs,
v Ditto for 30 yrs, sth April, 1885 l6 1-16
Alldia Stock expire
Ditto 5 per Cent ...
Ditto Enfaced Paper, 4 per Cent
Ditto 5 per Cent 95/
_Ditto 55 per Cent. ..
10 dig
Consols
Bonds £l,OOO
kiezusels for Account, Dec. 6
4 dig
chequer £l 000 lid ....
chequer Bills, , $
£500.... 4 dis
........
Ditto Small
)3r . F. OREIG N FUNDS--CLOSING PRICES.
azillan 5 per Cent ..........
Ditto, 1839 h 1859 —B
891
Ditto 45 per Cent. 1858
Ditto 45 per Cent, 1860
Ultenos Ayres, 6 per Cent. 96k
keiLican. per Cent . 21i
New Grenada Active, 31 per Cent.
Ditto Deferred 2
Spanish 3 per Cent.
Ditto New Deferred
Turkish 6 per Cent 735 3
Ditto New Loan
Ditto Account 584 4
Venezuelan 3 per Cent
Dividends on the above payable in London.
Dlgian, 25 per Cent., Ex. 25f. 561
_teh Exchange, 12 Guil. 25 per Cent —
uitto Certificates, 4 per Cent.
THREE O'CLOCK.

Consols, Money
Ditto Account 93f /

WIND AND WEATHER REPORT.

THIS DAY, N
Ardrosaan, N.N.W. ; fine
.A•Yr, ; frosty
telfast, E.; blowing
Eirnaingliun, N.E. • dull
trjthton, N.E. • thin
'rletol; E ; dun
-B;tebridge, N.E. ; fine
Cardiff, N.E. ; rain
Cohare,N.E.,light ; cloudy
bk; S.E. ; wet
•nal; easterly ; moderate
N.E. • fine
; fine
Dumfries, N.B. ; frosty
---`ee ; hard frost
W.N.W.;
frosthard
e,„ kuouth, S.S.E. ; rain
'asgow N.B. ; hard frost
Gravesend‘x°°le dull
, E., light; fine
nartlepool,; fine
11°IYhead, E.; fresh gale,
and clear

ov. 28, 9 A.M.

Harwich, E.S E. ; cloudy
Inverness, N.W. ; fine

Kingstown ; fair
Leeds, N.E. ; fine
Limerick, E., blowing strong
Manchester, E: ; fine

Middlesborough, N.E. ; fine
Milford Haven, E. ; rain
Newcastle•oa -Tyne, N. ;
cloudy
Newmarket, N.E. ; rain

Norwich, S.E., light; fine
Peterborough, S.E. ; cloudy
Port-Glasgow, E.; frosty
Southampton, S.E. ; cold
Stockton-on-Tees, S.E.; fine
Wakefield, S.; dull
Waterford, S.E., blowing
strong
Weymouth, E.S.E. ; rain
Whitehaven,W.N. W. ; frost
Wolverhampton, N.E.; dull
York, E.N.E. ; cloudy

131"1:1,t CONDIMENTS.—The term "Cattle Food" is a
the Fab and has led many astray in the examination of
to ' uuject. This is more particularly the case as applied
to ille °rleY's, for his " Cattle Food" is recommended by him
taixed with the food of cattle as a condiment or sea-
,%:"n9, and net to be given alone essentially either as food
l'otnoded; cine• It would be fallacious to eamine Thorley's
a 41 a Purely medicinal point of view; for it is simply
o„9.ndiment in cattle cookery for the seasoning of the food
Tie stock. All food is medicinal, and the best of all medi-
s is food, and in this dietetic light it would be difficult to
In r:estimate the medicinal value of Thorley's Condiment
the hands of a skilful veterinarian and farmer. With the
4;dness of this conclusion all readers, judging from an?,
must be familiar from daily experience ; and this is
whichmple
nooTkeh
af_Tn:deoaryrieleyt
is
seautiful theory, or rather practice,
now introducing into our cattle
African Steamship :VC'
atthe rate a 7
report of the directors of the
which a balance per share, Company recommends a dividend of 7s.
per cent. per annum, after
ace of 4:554 will remain to be carried forward,