The Sun.
London, England, 1860-12-13 00:00:00

310NEY MARKET AND CITY BEWS.

CITY, Two O'CLOCK.
About £72,000 in gold was sent into the Bank of
England yesterday.
The Directors of the East Indian Railway Com-
pany invite subscriptions for £1,500,000 5 per
Cent. Debentures, redeemable in 5 years, with the
option of renewal for a similar period. The instal-
ments to be 25 per cent. on allotment, and 25 per
cent. in each succeeding month. .

The prospectus of the New 6 per Cent. Turkish
Loan undertaken by M. Mires, of Paris, was
issued yesterday afternoon, and the amount which
it is proposed to raise, instead of being £16,000,000
" previously reported, is stated at £5,000,000, hut
this it is supposed may be regarded as a preliminary
Operation. Obligations of £2O each are to be issued
at the price of £l2 10s., which is equivalent
to 621 per cent., but, allowing for the immediate
aomnulation of interest, discount for the comple-
tion of instalments at once, &c., the quotation is
reduced to about 59! per cent. These concessions,
although attractive at first sight, reflect very
Unfavourably on Turkish credit, since the previous
6 per cent. Loans were placed at the compara-
tively high rate of 85 per cent. Another objec.
tion to this new candidate for public favour is the
depreciated value of the second 6 per cent, stock,
Which can be purchased at 571 to 584. It is
arranged that the Loan shall be redeemed at par in
36 years, and special revenues farmed last year
for £1,282,560 are to be assigned for the payment
Of interest and the gradual liquidation of the
debt. The scheme has met with a very cold
reception at the Stock Exchange, and it is
considered very doubtful whether M. Mires
Will be successful in obtaining any great support
from English capitalists.

The Bank of England directors, at their meeting
to-day, did not find it necessary to modify their
discount regulations.
The Atrato has arrived from the West Indies,
with £295,195 in specie.
A fair amount of business was recorded in the
Liverpool- Cutton Market, yesterday, and prices
were steadily maintained. The sales were 10,000
bales.

Continued dulness is apparent to-day in the
English Stock Market, which opened firmly, not-
withstanding the Turkish Loan, and the uncertainty
felt with regard to Chinese affairs. Consols con-
tinue steady 92: ex div., for the account. The
diminished shipments of gold to the United States
and the expectation that the Turkish Loan will
col _float probably give some support to values.
The New Threes are steady at 921 ; the Reduced
at 921. d ; India 5 per Cent. Enfaced Paper is flat
at 95; ditto 51 per Cent. is firmer at 1011 ; and
Exchequer Bills remain at ss. to 2s. dis.
In Foreign Securities rather more business has
been recorded, and prices show increased buoyancy.
Turkish 6 per Cents. are 71t to 721 ; ditto New,
Ot, to 581 ; and ditto £lOO Bonds are 59 ; Bra-
zilian 5 per Cents. are 99: 1-; ditto 41-- per Cents.
have improved to 86: ; Spanish Deferred to 41i ; ;
ditto Certificates to 61 ; Russian 5 per Cents. are
steady at 106 ; and ditto 41 per Cents. at 94i.
The last week's railwdy receipts, ascertained up
is this day, are in round figures as under :-
1860. 1859.
Great Western £29,809 £30,408
North-Western 75,234 74,446
,south-Western
nrighton
Uidlands
south. Eastern
_treat Northern 24,014 24,839
.__Lancashire and Yorkshire
Bristol and Exeter 5,445 5,539
-BNorth-Eastern
West Midland
Edinburgh and Glasgow .. 6,124 5,618
Glasgow and South-Western 8,212 7,197
Grand Trunk of Canada
//treat Western of Canada
These returns are not quite so satisfactory as
of late, a decline being apparent on several of the
principal undertakings. On the Great Western
there is a decrease of £599, the South-Western of
£289, and the Great Northern of £825. The
North-Western shows an increase of £7BB ; the
Brighton, £5BB ; the Midland, £3,918 ; the South-
astern, £131; the Lancashire and Yorkshire,
2,445 ; the North-Eastern, £2,662 ; the Grand
Trunk of Canada, £3,132 ; and the Great Western
of Canada, £1,168:

The Railway Share Market has continued mode-
Tately active, and a slight improvement has taken
Place in the rates realised for several of the prin-
cipal undertakings. Great Western, London,
Chatham, and Dover, North Western, North
British, and South Eastern, have improved 55.;
Lancashire and Yorkshire, 10s.; and Midland, £l--
The Foreign and Colonial undertakings have
Chown little variation. Antwerp and Rotterdam
ire dealt in at 5.1 54; Grand Trunk of Canada at
241 25 ; Great Western of Canada, at 1 Ikl ; East
Indian have declined to 101 ; and Scinde, to 991.

joint Stock Bank and Miscellaneous Shares con-
tinue dull. Ottoman Bank ham) declined 55,;
Crystal Palace Stock improved xibi

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock ._
Per Cent. Reduced Annuities 921 k
New 3 per Cent. Annuities
Audis. Stock
Ditto Enlaced Paper, 4.per Cent. —
Ditto 5 per Cent
Ditto 6± per Cent.
Ditto Debentures, 1858 961
Ditto 1859
Ditto Bonds £l,OOO
Ditto under £l,OOO . 10 dig
~.,eciasols for Account, Jan. 10
schequer Bills, £l,OOO, lld
Ditto Small
FOREIGN FUNDS—ONE O'CLOCK
Brazilian 5 per Cent ........
New
4± per Cent, 1860 . . 861
41ew Grenada Active, 3f per Cent.
Ditto Deferred
Russian 6 per Cent. 1822, £ St lO6
Ditto 4± per Cent 941
Spanish 3 per Cent
Ditto New Deferred
Spanish Cert. of Coup. not funded.. 6l
Turkish 6 per Cent —
Ditto New Loan ......
Ditto £lOO Bonds
Dividends on the above payable in London.
TWO O'CLOCK.
Consols for Account, 10th Jan., cx div.. 921 1