The Sun.
London, England, 1860-08-29 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.

The diminution in the inquiry for money has
induced bankers and brokers to make a slight re-
laxation in their terms, and first-class bills having
only a short time to run, continue to be negotiated
a fraction below the Bank of England minimum,
but at the same time extreme caution is
exercised owing to the late failures in the
leather trade, and the suspicion with which
other departments of business are regarded.
There seems to be a plentiful supply of money, but
numerous demands have to be provided for in the
course of a few weeks which will no doubt give sup-
port to the quotations, and perhaps occasion an up-
ward tendency. A few days hence preparations
will be made for the settlements at the Stock Ex-
change, and the liquidation of the bills due on the
4th, which are likely to produce temporary activity
in discount circles.

There was no bullion operations of importance at
the Bank of England yesterday. The £58,000 by
the Saxonia has been purchased for exportation.
No material alteration was exhibited in the
Foreign exchanges yesterday afternoon.
Rather less activity pervaded the Liverpool Cot-
ton Market yesterday, and prices were tolerably
steady. The sales were about 8,000 bales.
The creditors of Messrs. David Barclay and Sons,
tanners, at a meeting yesterday, agreed to a com-
position of Bs. 6d. in the pound, payable by instal-
ments in three, six, and nine months, the last to be
secured.

The following communication relates to the
Mexican Debt :—" The Committee of Mexican
Bondholders have received letters, dated Mexico,
the 13th and 28th ultimo, from Mr. Whitehead,
who had arrived safely in the capital, after
having been twice robbed on the road, and was
well received by the authorities there. The
remittances from Vera Cruz in bills on Mexico
amounted in July to 41,588,21 dollars, making
the deposit in the capital 830,872, 13 dols. Great
efforts had been made to get up a conducta to Vera
Cruz in the week before the 28th ult., and her
Majesty's Minister would have allowed the
British Consul to have accompanied it with his
flag, provided no more than the legal amount of
duty were levied, and the bondholders' money
taken free, at the same time warning English
houses to have nothing to do with it, as it did not
in his opinion afford due security. As Govern-
ment, however, had at the last moment issued a
notice to the effect that it was not a thing pro-
moted by them, but that they had merely assented
to certain proposals made by one Sevilla with
reference to it, this appeared tantamount to a
withdrawal of authority, and will most likely have
put an end to the whole scheme. At all events,"
Mr. Whitehead could not have entrusted the funds
of the bondholders to it, contrary to Mr. Mathew's
opinion that it was not safe. The communication
of the capital with the interior was quite cut off.
General Miramon was still at Lagos, with an
insufficient force to undertake anything. He
has Zulnaga with him, and he is not now recog-
nised by any of the Foreign Ministers."
A meeting took place to•day of the shareholders
in the Ottoman Bank, Mr. A. Layard in the chair,
who proposed' a dividend for the half-year, ending
the 30th June, at the rate of 8 per cent. out of the
net profits, amounting to £29,998, and £1,343, the
balance brought forward. Commercial operations
having been suspended for a time at Beyrout, the
Bank has incurred some losses, and to provide
against them it was determined to carry £10,154,
the balance remaining after the proposed distri-
bution, to the next account. The recommendations
of the Board, including also a donation of £250 to
the Syrian Relief Fund, having been agreed to, the
meeting separated.

No alteration has taken place to-day in the po-
sition of the market for Public Securities; a few
transactions having taken place, in Consols at 921
93 for money and the 6th proximo, and at 931
for October. The speech delivered by M.- Per-
signy has not produced any movement here, but
the Paris Bourse is flatter. The New Threes and
the Reduced are heavy at 931 4 ; India Loan re-
mains at 1031 ; ditto 51 per Cent. Enfaced Paper
at 1011; but the Debentures have receded to 961 ;
and Exchequer Bills are steady at ls. to 45. prem.
Business in the Foreign Stock Market has been
inactive, and prices show less firmness. Turkish 6
per Cents. are 731 to 74 ; ditto New, 601 to 601;
and the 4 per Cents. remain at 1001 ; Grenada are
heavy at 151, ditto Deferred at I& 5, and Spanish
Deferred at 40 ; ditto Certificates are steady at 51,
Russian 41 per Cents. at 031 ; but the Scrip has
receded to a pm.

The Ocean Marine Insurance shares are 2 t pm.;
the Thames and Mersey, it pm.; and the Universal,
1
The transactions in the Railway Share Market
have been rather restricted, and prices have
shown a slight decline in several instances.
Caledonians, Great Westerns, North-Easterns,
Leeds, and South-Easterns have improved 6s.
Great Northern A Stock, North-Western, Midland
and North-Eastern, York, 10$. Edinburgh and
Glasgow advanced £l.
The Foreign and Colonial lines have been
neglected. South Austrian and Lombardo-Vene-
tian are steady at 101' ; Great Western of Canada
have declined to 121 ; East Indian to 991, ; and
Great Indian Peninsula, to 96.
Joint Stock Bank and Miscellaneous Shares
have undergone no change of importance. London
Joint Stock realised 291 30; Ottoman Bank 18;
and Crystal Palace 301.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 93k 1
3 per Cent. Cons*ls Annuities
New 3 per Cent. Annuities
Annuities, 30 yrs, expire ath Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 l6l
India Stock oo -. —
Ditto 5 per Cent
Ditto Enlaced Paper, 4 per Cent. —
Ditto 5 per Cent. 96 1
Ditto 51 per Cent.
Ditto Debentures, 1858 96i
Ditto Bonds £l,OOO
Ditto under £l,OOO
Comols for Account, 6th Sept.
Exchequer Bills, £l,OOO, 11d
D itu £5OO 1 4 pm
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent .... 99/
Ditto 4} per Cent. 1858 B7±
Buenos Ayres, 6 per Cent .. 90
New Grenada Active, 31 per Cent.. .***
15±
Ditto Deferred
Peruvian 41 per Cent
Ditto Account
Russian 5 per Cent. 1822, £ St •
Ditto 4± per Cent 931
Ditto 41 per Cent. Scrip, 1860
Spanish 3 per Cent...
Ditto New Deferred 4O
__.

Ditto Passive
Spanish Com. Cert. of Coup. not funded sf
Turkish 6 per Cent .. 731
Ditto New Loan ..........
Ditto Guaranteed, 4 per Cent.
Venezuelan 3 per Cent
Dividends on the above payable in London.
THREE O'CLOCK.
Consols, Money ................. 92f 93
Ditto Account, September, ...... 92i 93

The Peninsular and Oriental Company's steamer
Eusine left Southampton yesterday for the Mediterranean.
She is appointed to convey the mails between Marseilles,
Malta, and Alexandria. The South-Western Company's
new steamer Southampton will commence running next
month. She will convey the mails between Southampton
and Jersey and Guernsey.
ABERDEEN, August 25.—The Arctic, Captain
Reid, from Davis' Straits, which arrived here yesterday,
has 110 tuns of oil, and 6 to 7 tons bone, and reports the
Lady Franklin and Sophia, with fair cargoes; the latter
had lost her master, Cheyne, also one hand, by drowning ;
also the Polar Star, Agostina, and Alert, of Peterhead ;
Emma and Isabel, of Hall; all fairly fished.
MIGRATION OF SWALLOWS.—As a proof of the
unseasonably inclement weather which has recently pre-
vailed, it may be stated that during several days past mul-
titudes of swallows have been observed hovering over the
river, about the Lower hope, evidently engaged in their
annual migration, the present time being at least a month
earlier than the usual aerial voyage of these birds.
CRYSTAL PALACE.—The directors of the South-
Eastern Railway, having granted a day's holiday to the
men engaged at the Ashford Works, have further resolved
to treat them to a visit to Sydenhain to-day, foi which pur-
pose special trains have been placed at the disposal of the
men and their families.

When on a visit to preach at Driffield a few days
ago the Rev. C. 11. Spurgeon wore a white wide-awake hat
and blue neck tie. Some one asked him how he could
make up his mind to preach in canonicals, whilst on the
Continent.
" Oh," said he, " the people were so kind to
me, that I would have preached in a red cloak and dunce
cap if they had wished me."— York Herald.