The Sun.
London, England, 1860-03-23 00:00:00

MONEY 111.4RK.ET AND CITY NEWS.

CITY, Two O'CLOCK.
Daring the last few days there has been rather
less animation in the Foreign and Colonial Produce
Markets, although previous prices have, in most
instances, been fully maintained. At the public
sales of tea the biddings were active and previous
prices were obtained for the better descriptions.
Sugars were dull, particularly British West India ;
holders, however, were firm in their demands
for previous rates. In the better descriptions of
coffee the dealings have been numerous, and full
values have been obtained. Rice continued in
active request at an advance of 3d. to 6d. per cwt.,
and for cocoa extreme prices were realised. Fruit
and spices were in fair request, and a steady busi-
ness has been done in saltpetre. The Tallow
Warket has shown symptoms of inactivity, but few
speculative dealings have been entered into, and
the demand for immediate consumption has slightly
fallen off. P.Y.C. on the spot has declined to 575,
9d. per cwt.

In the Liverpool Cotton Market yesterday busi-
ness continued rather active, and prices exhibited
no change of importance. The sales were estimated
at 10,000 bales. The Railway Share Market
closed with some animation, and quotations further
improved.

Notice has been given that tenders will be re-
ceived for debentures, bearing 6 per cent. interest,
and having five years to run, secured on the ample
revenues of British Guiana. The debentures are in
sums of £5OO and £l,OOO each.

Continued activity and firmness are the most
prominent features of the Money Market at the
present moment, and very little improvement is
expected until the dividends are paid at the Bank
of England.

At the extraordinary meeting of the Commercial
Dock Company to-day, Mr. D. T. Morgan pre-
sided, when the report, of which the following are
extracts, was adopted :—" The accounts for the
year ending 31st December, 1859, have been pre-
pared by Messrs. Quilter, Ball, Jay, and Co., and
show a balance to the credit of the rest' or reserve
profit and loss account, of £59,395 6s. 11d. The
directors are of opinion that th• period
has now arrived when the reserve fund
should be appropriated among the proprie-
tors ; as from the different mode in which the
business of the company is now conducted, the
floating capital represented by debts due to the
company' is materially diminished; and also, hav-
ing now two entrances from the river for ships, there
is no longer the necessity to provide against the risk
and expense to which the company might hive been
liable whenthe entire business was dependent on one
entrance. The directors, therefore, immediately on
receiving the balance-sheet from the accountants,
determined on calling an extraordinary meeting of
the proprietors for this purpose ; and they now re-
commend that they be empowered to deal with the
'rest' or reserved fund by transferring the sum of
£51,441 from that fund to the present capital ac-
count of £514,410, by a bonus of 10 per cent. in
old stock, in respect of each proprietor's present
holding, in both old and new stock, which will then
raise the total amount of capital £565,851. This
will still leave the sum of £7,954 63. 11d, to the
credit of the rest' account."

The market for Public Securities remains in a
firm but quiet state, the few operations recorded
not having led to any variation of importance.
Consols are 941 for money, and 941 buyers for
account. The New 21 pei Cents. are marked 781.
India New Loan has improved to 1041 j ; ditto 5
per Cent. Enfaced Paper is flat, at 99; ditto 51
per Cent. ditto, at 105 ; Exchequer Bills are 16s.
to 19s. prem.

A fair amount of business is recorded in the
Foreign Securities, but prices tend downwards.
Turkish 6 per Cents, are 79 to 79/ ; ditto New,
624 to 634 ; and the 4 per Cents. have receded
to 1011 ; Brazilian 44 per Cents. to 904 914 ;
Buenos Ayres 6 per Cents. to 854; ditto Deferred
to 244 ; Russian 44 per Cents. to 974 ; and ditto 3
per Cents. to 644 ; Mexican remains at 214 ; the
Brazilian Loan is heavy, at a dis. to 4 prem.
The Ocean Marine Insurance Shares are 34
prem. ; the Universal ditto, 4 4 prem. ; the Buenos
Ayres Railway Shares are 11 prem. ; and the
Canada Scrip, 14 4 prem.
Messrs. D. Bell, Son, and Co. give the following
as the prices of American' securities :

Redeemable. Prices.
1867-1868

United States 6 per Cents
Do. 5 per Cent ' •
Maryland 5 per Ct. Str. Bonda
Massachusetts 5 per Cent. Str,
Bonds
Pennsylvania 6 per Ct. Stock
Alabama 5 per Cent. Bonds —
Kentucky 6 per Cent. Bonds lB6B-72
Okio 6 per Cent. Stock
Pennsylvania 5 per Ct. Bonds 1877
Tennessee 6 per Cent. Bonds. Divers

92 921
96 97

103 104
82 84
75 77
90 92
97 98
851 861
79 81

The dealings in the Railway Share Market
have been moderately active, and prices generally
have been fully sustained. Eastern Counties,
Great Westerns, and South-Devons have improved
As. ; South-Western, Midland, and Norfolk, 10s. ;
Great Northern, 10s. ; and the A Stock, £l.
The Foreign and Colonial lines are steady--
Lombardo-Venetian realise 111- ; East Indian,
1021 a ; Grand Trunk of Canada, 361 and Great
Western of Canada, 13 135.

Joint Stock Banks and Miscellaneous Shares are
dealt in to a very limited extent, at about previous
rates.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Consols Annuities ^4l I 1
New 21 per Cent. Annuities
181

,
India ;took
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per cent —
Ditto 5 per Cent.
Ditto 51 per Cent lO5
Ditto Debentures, 1858 97i
Ditto, 1859
Ditto Bonds' £l,OOO
Bank Stock for Account 229
CO,IROIt. for Account (April)
India Stock for Account —
Ditto 5 per Cent. lO5
Exchequer Bills, £l,OOO, lid l6 19
Ditto £5OO l6
D.tto Small, 11d

FOREIGN FUNDS—CLOSING PRICES.
33 'azilian 5 per Cent.
Ditto 41 per Cent. 1852
Ditto 41 per Cent. 1858 9ll 1 901
Buenos Ayres, 6 per Cent
Ditto Account
Ditto Deferred
Dl exiean 3 per Cent.
Ditto Account
Ditto (Uribarren), 41 per Cent.
Russian, 1822, X St., 6 per Cent
Ditto 4} per Cent.
Ditto, 3 per Cent., 1859 641
Spanish 3 per Cent
Ditto Passive .. 14/
Turkish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 par Cent.
Dividends on the above payable in Lonaoa.
Datch Exchange, 12 Gull. 21 per Cent 661 6
Ditto Certificates, 4 per Cent.

THREE O'CLOCK.

Consols, Money
Ditto Account