The Sun.
London, England, 1860-07-24 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

The market for Foreign and Colonial Produce
has been less active during the last few days. For
tea the inquiries have been limited. Sugars have
shown a downward movement in prices, but a strong
business has been done in coffee at full rates.
Rice has been in fair request at about late
quotations, and moderate dealings have been
effocted in spices and saltpetre. At the public
sales of indigo, just closed, an average decline of
ab out 6d. to 9d. per lb. took place in the rates rea-
s edi compared with those of the previous auctions
and a large proportion of the quantity offered has
been either bought in or withdrawn. Tallow has
been in strong demand, chiefly for home consump-
tion, and prices tend upward.
A. diminution is reported in the general demand
for money, and the discounters are consequently
disposed to negotiate approved commercial securi-
ties with greater readiness, although they still en
force full rates for the accommodation they afford.
There is a plentiful supply of money, however, and
if the inquiry' should continue moderate, which
seems scarcely probable where so many new pro-
jects are being introduced, competition may lead to
the establishment of reduced quotations.

.At the usual half-yearly meeting of the Bank of
London, held to-day, a dividend, at the rate of
5 per cent, per annum, free from income tax, was
dei3lared.

The Cotton Market at Liverpool yesterday was
aqsain very quiet, and prices were variable. The
sides were estimated at 7,000 bales.

A dividend of 15s. per share will be proposed at
the forthcoming meeting of the Australian Agri-
cultural Company.

At the approaching meeting of the Bank of
Egypt shareholders, a dividend will be recom-
mended at the rate of 7 per cent. per annum, the
a•v'ailable balance being £11,148 9s. 10d.
The Market for Public Securities continues quiet,
at previous rates, the debate in the House of Com-
Mons last evening upon the national defences not
having caused any material variation. Consols are
9:3 to 93} for money, and 93f for account. The
New 3 per Cents. and the Reduced are firm at 93! 1;
Long Annuities at 161; India Loan is heavy at
1041 i ; ditto Stock at 218 ; and Exchequer Bills
are ls. to 4s. prem. ; the New 21 per Cents. have
unproved to 771.
A moderate amount of business is recorded in
Foreign Securities, and prices show no material
change. Turkish 6 per Cents. are 77 to 771 ; ditto
New, 60 1 ; Mexican is flat at 201 ; Russian 3
per Cents. are at 631 to 641; ditto New Loan is
marked 1 prem. ; Sardinian are steady at 831;
Spanish are heavy at 481 to 49; and Brazilian at
99.1 to 100.

The _Ocean Marine Insurance Shares are 21 ?,-
prem. ; the Thames and Mersey, 1 1 prem.; and the
Universal, 1 1 prem.

The dealings in the Railway Share Market have
been to a fair extent, and prices have shown an
upward movement. Caledonian, Eastern Counties,
Great Northern, and South Eastern have advanced
se. ; Bristol and Exeter, Brighton; Manchester,
Sheffield, and Lincoln, and Midland, 10s. ; North
Western and Great Western have declined ss. ; and
South Western 15s.

In the Foreign and Colonial Market the varia-
tions have been unimportant. Great Luxembourg
were steady at 7 ; Great Western of Canada brought
111; East Indian, 991 991; and Great Indian
Peninsula, 97 to 974.

Joint Stock Bank and Miscellaneous Shares were
at about "previous values. London Chartered of
Australia brought 23 ; Oriental Bank, 171, ; Electric
Telegraph have improved to 107, and Peninsular
and Oriental Steam to 744 ; Red Sea Telegraph are
steady at 20.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 934 1 1
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
New 24 per Cent. Annuities 77t
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885.. 164
India Stock
Ditto 5 per Cent.
Ditto Enlaced Paper, 4 per Cent —
Ditto 5 per Cent
I.;.itto 51 per Cent
Ditto Debentures, 1858 97 6/
Ditto Boilds £l,OOO 3 d
Ditto under £l,OOO
Consols for Account, 9th Aug.
India Stock for Account —
Ditto 6 per Cent. for Account
Exchequer Bills, £l,OOO, lid
D tro £5OO
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brasilian 6 per Cent
Ditto 41 per Cent. 1852
Ditto 1860
Mexican 3 per Cent —
Ditto Account
Peruvian 44 per Cent —
Ditto 3 per Cent. 73
Russian 5 per Cent. 1822, £ St —
Ditto 4i per Cent. Scrip, 1860
Ditto 3 per Cent., 1859
Sardinian 5 per Cent.
Ditto Account
Spanish 3 per Cent ... 484 9
Ditto Account
Spanish Cora. Cert. of Coup. not funded 5
Turkish 6 per Cent
Ditto Account
Ditto New Loan

Ditto Account
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols, Money
Ditto Account, August 936