The Sun.
London, England, 1860-09-20 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.

A further quantity of gold, viz., £76,000, was
taken into the Bank of England yesterday, and it
is expected that the return will show a continued
increase in the stock of bullion. The continental
demand being limited, the greater portion of the
specie received from Australia and America is re-
gained in this country, and this circumstance rather
strengthens the impression that the rates of dis-
count will further recede.

The City of Baltimore has arrived from New
York, with £77,400 in specie.
There is very little demand for silver, as usual
just after the departure of the steamer for the
East, and prices remain without change, bars being
quoted ss. lid. per oz. standard.
During the last few days there has been a very
moderate demand for money, and it is probable
that some of the mercantile public have deferred
operations under the impression that they may be
enabled to get accommodation a few days later on
lower terms. _ .

_ .
The half-yearly interest on the Victoria Govern-
ment Debentures, the New Brunswick 6 per Cents.,
and the Boston City Sterling 41 per Cents., will be
paid on the Ist proximo.
Rather more activity was exhibited in the Liver-
pool Cotton Market yesterday, and prices were
well supported: The sales were about 10,000 bales.
In the Railway Share Market a fair amount of busi.
ness was recorded, and quotations were decidedly
higher.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1860. 1859.
Great Western £35,059 £37,451
North-Western
South-Western
Brighton 22,005 20,438
Midland
South- Eastern
Great Northern 29,097 28,057
Lancashire and Yorkshire
Bristol and Exeter .. 7,308 7,965
North-Eastern .
Manchester, Sheffield, and Lincoln
West Midland
Edinburgh and Glasgow 7,232 7,003
Glasgow and South ;Western .. 8,234 7,428
Grand Trunk of Canada 13,671 9,296
Great Western of Canada
The above traffic returns, with one or two excep-
tions, are of a very satisfactory character. The
competition, however, between the Great Western
and the South-Western and South-Eastern Com-
panies, owing to the extension of the latter to
Exeter, has caused a marked decrease in the receipts
of the former undertaking, the decline amounting
to £2,392. On the North-Western the advance is
£1,435; the South-Western, £1,464 ; Brighton,
£1,547 ; Midland, £4,485; Great Northern, X 1,040;
Lancashire and Yorkshire, £4,557 ; North-Eastern,
.£3,027 ; West Midland, £92 ; Edinburgh and
Glasgow, £229 ; Grand Trunk of Canada, £4,375 ;
and Great Western of Canada, £1,645. On the
South-Eastern there is a decline of £152.

At a meeting yesterday of the creditors of Messrs.
Walter, Howell, and Co. a composition of 6s. Bd. in
the pound was accepted. The liabilities are £38,963,
and the assets are £13,235.
The Market for Public Securities continues
quiet, but there have been several small purchases,
and an advance has taken place in consequence,
Consols being 93i f-, for money, and 93f 1 for the
account. Speculation is still very much curtailed.
The special transfer is recorded in the New Threes
at 93k I ; India 5 per Cent. Enfaced Paper has
improved to 96} ; but the Debentures are heavy at
96;; Exchequer Bills remain at 4s. prem.

A moderate amount of business has been trans-
acted in the Foreign Stock Market, and prices
tend upwards. Turkish 6 per Cents. are 731 741 ;
ditto New Loan, 571 571; and the 4 per Cents.
are 101; Russian 41 per Cents. are firmer at 94,
and Sardinian have advanced to 831 84 ; Brazilian
41 per Cents. are steady at 87i ; Spanish at 487, ;
ditto Deferred have improved to 394 ; ditto Passive
to 23 ; and the Certificates remain at 6,1 f.
The Ocean Marine Insurance Shares are 17, 2i
prem. ; the Thames and Mersey, prem. ; and
the Universal,* e prem.

The dealings in the Railway Share Market have
been more active, and in several of the principal
lines a decided advance has taken place, owing to
the favourable character of the traffic returns.
Great Northern have improved £1 to £1 ; and
London, Chatham, and Dover, in which a large
business has been done, as much as £4 to £5 ;
North-Eastern (York), £1 ; Lancashire and York-
shire and West Midland, 10s. ; and South-Western
and Midland, ss. Great Western and South-
Eastern have declined 55., and North-Western, 10s.
The Foreign and Colonial undertakings have
continued in moderate demand. South Austrian
and Lombardo-Venetian have advanced to 101;
East Indian, to 1001; and Great Western of Canada,
to 13t.

Joint Stock Bank and Miscellaneous Shares
have shown no alteration of importance. London
Joint Stock are steady at 30-1 ; Ottoman Bank, at
161 17; Madras Irrigation realise 31, ; and Peel
River Land, 47 and 48i.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock ..
Ditto Enfaced Paper, 1 per Cent. —
Ditto 6 per Cent
Ditto 61 per Cent.
Ditto Debentures, 1858
Ditto, 1859
Dittoitt Bonds £l,OOO
£1,0001,000 96
3 d
u
6 d
Consols for Account, 11th Oct 934 a
Exchequer Bills, £lOOO, lid
Ditto Small
4 p
FOREIGN FUNDS—CLOSII(Or PRICES.
Brazilian 6 per Cent
Ditto 41 per Cent. 1860
Buenos Ayres, 6 per Cent
Ditto Account
Mexican 3 per Cent
Ditto Account, !,22 li
Peruvian 4} per Cent
Ditto Account
Ditto (Uribarren), 4i per Cent.
Ditto 3 per Cent
7 if
Ditto Account ................
Russian 6 per Cent. 1822, £St ........ .
Ditto 41 per Cent ...................t
Sardinian 5 per Cent..........
Ditto Account ...................... 98t
.. 84 3i
Spanish 3 per Cent.. ...................
Ditto Account
Ditto Now Deferred
Ditto Account
Ditto Passive
Spanish Com. Cert. of Coup. not funded 641 1
Turkish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent. —
Ditto Account
Dividends on the above payable in London.
Austrian Bonds, 5 per Cent. 5O
THREE O'CLOCK.
Consols, Money
Ditto Account 931 i

PRACTICAL JOKE AT THE EXPENSE OF PUBLIC
CREDITORS.—We have often pointed out the absurdity of
sending money to the Chancellor of the Exchequer on
account of Income-tax which has not been demanded. Now
you see the result of this injudicious
neoe
ft practice. The Govern-
ment demands double Ira the British impost and
the Indian teo, on the interest CAlticlian stock. The object
of Mr. Gladstone
ipsumnerhe.nder that stock as popular
ob
as he is making himpr
self.abLy
HUMANE ASPIRATION.—Mai moreblroa:yd
it be
e
spilt in the establishment of Italian liberty, but
only the blood of S. Januarius I—puneh.
o mend
THE BEST FEMALE EmFLoYMENT, T
the linen of forlorn old bachelors.—Punch.
EXTRAORDINARY FEAT IN NATURAL HISTORY.
—ln Canada they are making a Lion out of Wales !
Punch.
If each memorial denoted
UNSUCCESSFUL MEN.—
public
buildings recognition of some principle, our streets and
buildings could hardly be too full of statuary, an each
statue might be a sermon in stone. But in such a case the
obscure and unsuccessful should be represented as well as
those who have raised themselves to eminence and become
men whom the nation delights to honour T
. ake for in_
stance, George Stephenson's statue, and erect it in some
place of public resort. Close beside it put the image of
some less known because less successful man ho
prto loco-
eceded
him in attempting the application of steam power
motive purposes ; and so on and on back to the
eve mr an. in
teto
whose brain the thought first flashed, and who afr,
in the opinion of his neighbours, was little bworldetter than a
madman who dreamt of revolutionising the whilst
he could not find bread and butter for his wife and children.
He dies, it may be, a pauper, and is buried in a pauper
ain 's
grave ; but the truth which became incarnate in his br
lives, unrecognised perhaps for a long period, then taking
root anew, and gaining strength a 3 time advances, ever the
strongest where most opposed, until, in the fulness of time,
when commerce threatens to come to a dead lock, it reaches
its full development, and gives the world a new lease of
life. Could we in this way trace the progress of a principle
from its earliest dawn to the full noonday splendour of its
complete recognition, such a view of it would in all proba-
bility considerably modify men's judgment about success
and failure ; and it would often turn out that, obscure and
unsp_preciated though he might be, the man who rocked the
or of a usw-born truth was more to be envied than he
Whom it enriched aid usAcie Immo,— TV, .Drkte Lectures