The Sun.
London, England, 1860-08-18 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.
The Bank of England return, completed to the
15th August, shows some rather important varia-
tions. The public deposits, owing to the payment
on the East Indian Loan, have been augmented by
over a million sterling, while the private deposits
show a corresponding diminution. In the other
securities there is also a small falling off; but the
reserve of notes has been slightly increased. The
alterations in the bullion and the active circulation
are of an important character. The various items,
and the changes they present, are shown in the
subjoined table :
Active Circulation ..
Decrease .•
Bullion ..
Decrease ..

.. £21,572,895
.. 134,495
.. 15,547,749
3,795
• .
.. 3,520,954

Rest .. •• .•
Increase . • • • . •
Public Deposits • • 4 •
IliereaSe • • • • • •
Other Deposits • • • •
Decrease .. .
Seven Day and other Bills ..
Increase . • • . • •
Government Securities • .

• • 7,824
.. 5,956,219
.. 1,132,997
.. 12,792,434
.. 1,210,846

• • 770,254
•• 56,112
.. 9,804,273
no alteration.
19,338,734
.. 144,613

Other Securities
Decrease ..

Notes Unemployed .. 7,709,880
Increase 107,565
About £16,000 'in gold was sent into the Bank
of England yesterday.
The foreign exchanges yesterday afternoon ex-
hibited a further slight advance in the rates on
Vienna and Trieste, and Hamburg was also rather

higher.
The steamer Pera, which leaves on Monday, the
20th, for India and China, will take out £324,333
—viz., £9,792 in gold and £312,015 in silver, of
which £64,843 is remitted by the Government to
Hong Kong,
The tone of the Money Market is very firm, the
current rate of discount for good bills being now
4 per cent., and as an important period of the year
is approaching for the commercial and financial
interests of the country, the prospect of dearer or
cheaper money becomes a subject of greater atten-
tion. The tendency is now upwards, and long-
dated bills are taken with more reserve.
The Bank returns, which necessarily tend to
elucidate the general progress of monetary affair's,
do not this week :present any special feature be-
yond the mere effects of the payment of the sub-
scriptions to the East India Railway Debenture
Loan. The principal financial feature at the pre-
sent moment is the intended increase of Indian
railway capital to the extent of £7,000,000,
and by raising which the Government
will be able to supply the deficiency in the revenue
as compared with the expenditure. So far, there-
fore, as the Money Market is concerned the Indian
financial operations are equal to a loan of
£10,000,000, this being the total amount of new
securities to be placed upon the market. There
are, besides, £2,000,000 Exchequer Bills and
£2,000,000 Exchequer Bonds of the Home Govern-
ment to be placed, through the medium of savings
banks funds, and consequently, although not coming
openly upon the market, necessarily absorb so
much money as would otherwise have to be invested
on the existing securities, and therefore form an
important action.
In the Liverpool Cotton Market yesterday, there
was a good inquiry for most descriptions, and prices
were firm The sales were estimated at 10,000
bales.