The Sun.
London, England, 1860-02-29 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

There is a steady demand for discount accommo-
dation in the general market, where bills can still
be negotiated on lower terms than at the
Bank of England. The preparatiors, how-
ever, for the 4th of the month may stimu-
late the enquiry, and impart greater firmness
to the quotations, for recent experience has shown
that the market is very sensitive, and whenever the
applications have increased, bankers and others have
curtailed their operations, or exacted enhanced
terms.

No alterations of importance were apparent in
the Foreign exchanges yesterday, although the
Austrian rates were again rather higher.
A sum of £30,000 was withdrawn from the Bank
of England yesterday, which, with the £20,000 by
the Asterope, was taken for exportation.
The Roxburgh Castle has been announced this
morning from Australia with £89,120 in specie.
Letters from Liverpool state that in the Cotton
Market yesterday the transactions were very re-
stricted, and prices exhibited no change of import-
ance. The sales were 5,000 bales. The Railway
Share Market closed with more animation, and
quotations were well supported.
The directors of the Agra Bank have announced
a dividend of 10 per cent. and a bonus of £1 per
share, being together at the rate of 12 per cent. per
annum.

At the meeting of the Atlantic Telegraph Com-
pany, held this day, the report was unanimously
agreed to, as was also a resolution to the effect that
an additional capital of £20,000 be raised, to at-
tempt to bring the existing cable into working
order, or in the event of failure, to recover and
sell it.

A moderate amount of business has been trans-

acted to-day in the market for public securities, but
the liquidation of the account in foreign stocks and
railway shares has again occupied the attention of
the dealers. Consols, however, have been well
maintained, viz., at 941 for money and account.
Very few transactions are reported for investment,
and as speculators still limit their operations, the
market appears inactive. The New Threes and
the Reduced remain at 951; Indian New Loan is
1041 ; ditto 5 per Cent. Enfaced Paper has declined
to 971 ; ditto 51 per Cent. ditto, to 1031 104 ; and
the Debentures are 971 ; Bank Stock is heavy,
at 230.

Business in the Foreign Market is moderately
active, but prices generally are heavy. Turkish 6
per Cents. are 79 to 791 ; ditto New, 651 to 651 ;
Sardinian have receded to 851 ; Mexican to 2l
22k; Spanish 3 per Cents. remain at 441 ; ditto
Deferred are depressed, viz., 33i ; Buenos Ayres
6 per Cents. are firm at 83.

The Ocean Marine Insurance Shares are at
2 3 prem. ; the Universal ditto are t- prem.; and
the London and Provincial
.ditto, L prem.; the
Canadian Loan is 21 prem.; the third instalment
of 8 per cent. is due to-day.
The Foreign and colonial Markets are dull.
Lombardo-Venetian have receded to 111, and Great
Luxembourg to 7. East Indian are flat, at 101,
and Great Indian Peninsula at 99.
Joint Stock Bank and Miscellaneous shares
are quiet, but at late rates. Union of Australia
hare improved ss. to 10s. ; Ottoman Bank, ss. ;
and Royal Mail Steam, 10s.
The dealings in the Railway Share Market have
been on a very moderate scale, but prices gene-
rally are well maintained. South Eastern have
advanced ss. to lOs ; North Eastern (Berwick),
15s. ; and. Northßritish, 15s. Midland declined
ss. ; and Vale of Neath, £l. Great Western,
North Western, Great Northern, and Lancashire
and Yorkshire, realised about previous values, with
the exception that they are now quoted ex div.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cont. Reduced Annuities 951 5 1
3 per Cent. Consols Annuities
951 94/ 1 / /
New 3 per Cont. Annuities 5 1
Loßg Annuities, expire sth Jan., 1860....
Ditto for 30 Years, expire sth April, 1885 17/ 13-16

India Stock -
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per cent —
Ditto 5 per Cent. . - 81
Ditto 51 per Cent lO3l 4
Ditto Debentures, 1858
Ditto, 1859 ..
Ditto Bonds, £l,000
Ditto under £l,OOO 3p 4
Cjnsols for Account (March)
k xeh3quer Bilis, £l,OOO, lid..
26 5
Pitt. £5OO
Ditto Advertised
FOREIGN FUNDS—CLOSING PRICES.
Prazilian 5 per Cent.
Buenos Ayres, 6 per Cent B3
blexioan 3 per Cent.
Ditto Account
Peruvian 4/ per Cent 951
Ditt. Account
Russian, 1822, £ St., 5 per Cent ......
41 C
Ditto per Cent.
__. __-

Ditto, 3 per Cent., 1859
Sardinian, o per Cent. B5l 5
Apanish 3 per Cent. 441
Ditto Deferred 3 per Cent.
, Turkish 6 per Cent —
Ditto Account
Ditto New Loan
Ditto Account

Dividends on the above payable in Londoa.
Datch Exchange, 12 Guil. 2} per Cent
Ditto Certificates, 4 per Cent.
Peruvian Dollar Bonds, 4.1 per Ct. Ex. 4s 801
THREE O'CLOCK.
Consols, Money
Ditto Account (March 8)