The Sun.
London, England, 1860-06-02 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

The variations in the different items of the
balance-sheet of the Bank of England completed to
the 30th May are not of an important characteT.
The bullion, owing to the absence of arrivals froti
Australia, shows only a small addition, while thq..
increase in the circulation has tended to reduce the
reserve of notes. The diminished demand i.e..-
money is shown in the decrease in the other secu-
rities. The other portions of the balance-sheet and.
the changes they present are shown in the annexed
table :

Active Circulation
Increase ..
Bullion ..
Increase ..
Rest

.. £21,447,495
.. 224,205
.. 15,892,112

• • 47,917
.. 3,218,848

Decrease
Public Deposits
Decrease
Other Deposits . ,
Decrease
Seven Day and other Bills
Decrease
Government Securities

59,178
.. 7,489,290
.. 177,243
.. 12,551,247
18,601
.. 669,606
24,509
9,728,913
No alteration.
Other Securities .. 19,833,431
Decrease .. 103,243
Notes Unemployed .. 8,173,055
Decrease 173,045
At the Bank of England yesterday there were
to bullion operations of importance.
In the foreign exchanges yesterday afternoon
there was no material alteration.

The Shannon, which leaves to-day for the West
Indies, will take out £18,540 ; and the Ceylon, to
be despatched on the 4th for India and China,
will convey £3,948 in gold and £224,076 in silver,
making a total of £228,024, the whole of which is
on private account.

The Liverpool Cotton Market yesterday con.
tinned moderately active, and prices were without
any important alteration. The sales were esti•
mated at 8,000 bales.

Money continues in moderate request, and during
the last day or two rather more business has been
reported.

The attendance of both home and foreign dealers
at the public sales of colonial wool, which ter-
minated yesterday evening, has been large, and the
biddings for the finer qualities of Australian have
been active. Prices opened at a decline of about
ld. per lb. on the rates realised at the March sales,
but a reaction subsequently took place, and towards
the close same extensive purchases were made on
foreign account.

The market for Public Securities continues quiet,
and the few transactions recorded have taken place
at previous rates, Consols being 941- to 95 for
money and the 6th inst., and 951 Z for July. There
is not the slightest feature of interest to comment
upon, business being inactive. The New Three per
Cents. are steady at 934 ; the Reduced at 93i y ;
India Stock is firm at 224; ditto New Loan is
heavy at 1061 ; and ditto Bonds are Bs. dis.

The transactions in the Foreign Stock Market
have been exceedingly limited, and prices are tole-
rably well supported. Turkish 6 per Cents, are
741 to 744 ; ditto New, 571 to 574 ; and the 4 per
Cents. remain at 102. Peruvian, Uribarren, are
firmer at 84

The Ocean Marine Insurance Shares are 21
prem.; the Thames and Mersey ditto, 1 a 3 prem. ;
and the Universal ditto, 9 j prem.
The Imperial Thessalian Mining shares are 7
prem.

In the Railway Share Market the transactions
have been on a very limited scale, and prices have
not varied to any important extent. Caledonians
and South-Easterns have improved about ss. Great
Western and Brighton declined ss. ; and Lanca-
shire and Yorkshire, 10s.
The Foreign and Colonial undertakings are
also inactive. Antwerp and Rotterdam are dealt
in at 4: ; Great Indian Peninsula realise 1001 ;
East Indian, 102 and 102! ; and Grand Trunk of
Canada have declined to 311 32.

Joint Stock Bank and Miscellaneous Shares have
been in moderate request. Bank of Australia im-
proved about ss. ; London Chartered of Australia,
ss. ; and Union of Australia, ss. ; Oriental Bank
have declined 55., and Union of London, 55.;
Crystal Palace have advanced 10s.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities 93h $ h
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock OO • 224
Ditto 6 per Cent. .
Ditt, Bonds £l,OOO
Consols for Account
Exchequer Bills, £l,OOO, lld -
Ditto Advertised
FOREIGN FUNDS—CLOSING PRICES.
Peruvian 41 per Cent
Ditto (Uribarren), 41 per Cent.
Turkish 6 per Cent ..
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.

TWO O'CLOCK.
Consols, Money
Ditto June Account

CLIPPER SHIPS TO SYDNEY,

A dejeuner was given yesterday afternoon on
board the clipper ship Solway, now lying in the
London Docks, for the purpose of celebrating the
inauguration of a London branch of the " Black
Ball" line of Australian ships, which, under the
management of T. M. Mackay and Co. (a London
branch of the eminent firm of James Baines and
Co. of Liverpool), are intended to sail hereafter
regularly on the 10th of every month from
the port of London to Sydney. The first ship
of the line—the Stornoway—started about a
month ago ; the second—the Cairngorm—is ad-
vertised for the 10th June; and the Solway
will be the third of the line, which, if conducted on
the same liberal principles as the Liverpool to Mel-
bourne " Black Ball" ships, cannot fail to command
a large amount of support. The company was
numerous and commercially influential. After the
health of her Majesty had been duly honoured,
Mr. T. M. Mackay proposed " The United Services
and the Volunteers. The toast having been drunk
with three times three, Sir J. Heron Maxwell re-
turned thanks for the navy, Major Coates for the
army, and Mr. S. K. Mackay and Mr. Whitehead,
of the Inns of Court Rifles, for the volunteers.
" The House of Commons" was acknowledged
by Mr. J. 0. Lever, M.P. The Chairman
next proposed " Prosperity to the Australasian
Colonies," associating with the toast the names of
Mr. Wilson, proprietor of the Melbourne Argus,
Mr. Ridgway, and Mr. Getty. Mr. Wilson re-
sponded, eulogising the Peninsular and Oriental
Company for the regularity with which that com-
pany had carried the mails. "The Peninsular and
Oriental Company," was proposed by the chairman,
and responded to by Mr. Anderson, managing direc-
tor, who said his company were determined every
satisfaction should be given in conveying the mails
while they were entrusted to them. Sir J. H. Maxwell
proposed the toast of the day, coupling with it
" The health of Mr. Mackay. Mr. Mackay, in
returning thanks, said that though he had hitherto
been associated with the Liverpool more than the
London firm, his heart was with both, and he be
lieved that hard work, attention, and punctuality
would bring the firm of Mackay and Co. a due
portion of the southern business. He concluded by
proposing " The Press." Messrs. Fisher and
Robarts, of the Anchor Restaurant, in Cheapside,
Provided the dejettner, and the band of the 2d Life
Guards played appropriate music during the repast.