The Sun.
London, England, 1860-09-07 00:00:00

MONEY MARKET AND CITY IS EWS

CITY, Two o'CLocK.
During the last few days rather less activity has
prevailed in the Foreign and Colonial Markets
Tea at public sale declined about Id. per lb, for the
low and medium qualities. Sugars have been less
inquired for, and only the superior kinds have been
maintained at late rates. Coffee, however, has
been in active request, the finer kinds of Planta-
tion Ceylon having realised advanced prices. Rice
has continued inactive, and prices tended down-
wards. For saltpetre there has been a moderate
demand, and only a limited business has been

transacted in oils and tallow at slightly reduced
quotations.

The Liverpool Cotton Market yesterday closed
with an upward tendency, and compared with last
Friday's quotations, Surat were id. to ztd. per lb.
higher, The sales were estimated at 15,000 bales,
of which 4,000 were taken on speculation. In the
Railway Share Market a fair amount of business
was transacted, and several of the lines further
advanced.

There is a steady demand for discount accommo-
dation, but the supply of commercial bills being
small in comparison with the available resources of
bankers and others, the rates still tend downwards.
Unless some impulse should be given to the inquiry
a further decline may occur, especially as the Octo-
ber dividends will probably experience a favourable
influence. The present quotation for superior mer-
cantile bills is about 31 per cent., but bills with only
a few days to run are negotiable cn easier terms.
The half-yearly meeting of the Submarine Tele-
graph Company has just been held, when it was
stated that the number of despatches sent by the
company's line was 78,713, which is an increase of
19,359 messages when compared with the previous
half year. After some discussion the report wv.
adopted, and a dividend at the rate of 3 per cent.
per annum was declared for the six months ending
30th June last.

There has not been much activity in the Market
for Public Securities to-day, but notwithstanding
sales have taken place, the quotations are well main-
tained, Consols being 931 1 for money, and 931 ;-
for the account. The favourable weather, and the
state of the Money Market, are in favour of price'.
The New Threes and the Reduced are 931 1•;
chequer Bills, 4s. prem.; India 51 per Cent. En-
faced Paper, 104; and ditto Bonds, 4s. dis. ; Bank
Stock has been dealt in at 231 232.

Foreign Securities are rather inactive, and prices
appear heavy. Turkish 6 per Cents. are 731 a ; ditto
New Loan, 571 ; ditto 4 per Cents., 1001,; Yens
zuela 3 per Cents., 241 ; Buenos Ayres, 95; Gre-
nada Active, 15! ; ditto Deferred, 51 ; and Spanish
Certificates, 5(52-.

The Ocean Marine Insurance Company's shares
are 2 I pm. ; the Universal, 'I pm.; and the
Thames and Mersey, :1 pm.
The dealings in the Railway Share Market have
been limited, and the few dealings entered into
show a further decline. North-Western, Great
Western, Great Northern, and North Eastern
(Berwick), have declined ss. ; Lancashire and
Yorkshire advanced ss.

In the Foreign and [Colonial Markets business
continued very dull. South Austrian and Lom-
bardo-Venetian declined ss. ; East Indian ss. ; and
Great Indian Peninsula 55.; Grand Trunk of
Canada have improved 10s.

Joint Stock Bank and Miscellaneous Shares
were flat and barely supported former rates.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 93/ 1 1
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock
Ditto A per Cent .... , lO3l
Ditto Enlaced Paper, 4 per Cent. —
Ditto 5 per Cent
Ditto 51 per Cent.
Ditt,, Bonds £l,OOO 4 d
Consols for Account, 11th Oct 931 #
Exchequer Bills, £l,OOO, lid
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Buenos Ayres, 6 per Cent. —
Ditto Account
Ditto Deferred
Mexican 3 per Cent
Ditto Account
New 4renada Active, 31 per Cent.
Ditto Deferred
Russian A per Cent. 1822, £ St ..
Ditto 41 per Cent
'panish Cora. Cert. of Coup. not funded 5l 1
Turkish 6 per Cent ..
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent. ..1 —
Ditto Account
Venezuelan 3 per Cent
Ditto Account
Dividends on the above payable in London.

THREE O'CLOCK.
Consols, Money
Ditto Account 93f 93i