The Sun.
London, England, 1860-05-18 00:00:00

.MONEY MARKET AND CITY _NEWS.

v..

CITY. Two, O'CLOCK.

The dealings in the Foreign and Colonial Pro-
duce Markets during the last few days have been
on a rather limited scale, and in several instances
prices have shown a downward tendency. There has
been a steady enquiry for tea, but owing to the
high prices demanded, a very limited busi-
ness has been done. Sugars have receded
about 6d. to Is. per cwt., and coffee, cocoa,
and rice have been at a slight depreciation.
Fruit and spices have been inactive with little
change to record in quotations. Saltpetre has con-
tinued in fair demand, and at the public sales of
foreign and colonial wool the finer descriptions
have realised a slight advance on the rates current
at the opening. Tallow continues dull, but prices
are steady, the dealings for forward delivery having
increased,

The enquiry for discount accommodation is stea-
dily maintained, and the rates, in consequense,
remain in a firm position. Should political affairs
abroad, however, continue unfavourable, and give
rise to increased uneasiness, the effect upon trade
will be very injurious, and a diminution in the de-
mand for mercantile purposes may then be expe-
rienced. As it is the utmost caution is 'exercised,
and a general curtailment of operations has oc-
curred. The enquiry for money at the Stock
Exchange is rather quiet, but full terms have to be
paid for temporary advances.
In the Liverpool Cotton Market yesterday a
moderate amount of business was transacted, but
prices tended downwards. The sales were esti-
mated at about 7,000 bales. The Railway Share
Market closed quietly, and quotations exhibited no
change of importance.
There were no bullion operations of importance
at the Bank of England yesterday.
The downward tendency in the market for
Public Securities has received a check, but at pre-.
sent the reactionary symptoms are very limited.
Foreign politics still exercise an important in-
fluence upon values, as they induce speculative
sales. The continuous decline in the Renter is a
source of great anxiety. Consols, however, have
been steady to-day at 941 1 for transfer, and 941 1
for account. The New Three per Cents. and the
Reduced remain at 921 93; India Stock is firm, at
220 ; ditto New is flat, at 1061 1 ; ditto 5 per Cent.
Enfaced Paper, at 971; ditto 51 per Cent. ditto,
at 1021 1031. Exchequer Bills are 4s. to 7s.
prem. Bank Stock is steady, at 2261 and 2271.
A very small amount of business has been trans-
acted in Foreign Securities, and prices show a
further decline. Turkish 6 per Cents. are 741 to
751 ; ditto New, 57 to 571; Portuguese have receded
to 44 ; Mexican to 201 g ; Sardinian to 841 ; and
Spanish Certificates are 41.

The Ocean Marine Insurance Shares are 21 I,
prem.; the Universal ditto, 7 prem. , and the
Thames and Mersey ditto, lt I prem., being a
slight improvement; the London subscriptions
alone are large in excess of the required amount.

Messrs. Bell report the following as the prices
of American Securities :

Redeemable. Prices.
United States 6 per Cents..... 1867-1363
Do. 5 per Cent Bonds
Maryland 6 per Ct. Str. Bonds 9€
Massachusetts 5 per Cent. Str
Bonds ___, t 11):.,
Pennsylvania i per Ct. Stock —
Alabama 5 per Cent. Bonds —7:
Kentucky 6 per Cent. Bonds lB6B-72 9'
Ohio 6 per Cent. Stock lBB6 ' g
Pennsylvania 5 per Ct. Bonds 1877 i 8
Tennessee 6 per Cent. Bonds. Divers 8
Virginia 6 per Cent. Bonds
Virginia 5 per Cent. St. Bonds 1888 ,2 8
Boston 5 per Cent. St. Bonds - -
Illinois Central 7 per Cent.
Illinois Central 6 per Cent.
Illinois Central 7 per Cent
(Freelands)
Do. shares, 60 dole. paid
Michigan Central 8 per Cent 1869 82 83
Do. do. shares
38 40
The transactions in the Railway Share Market
have been extremely limited, but the few bargains
recorded show a further decline in values. Mid-
lands and North-Eastern (Berwick), have receded
ss. ; Great Westerns, Lancashire and Yorkshire,
10s.; South-Eastern, 155.; Eastern Counties, £1 ;
and Great Northern, £1 10s.
The Foreign and Colonial markets have shown
little variation of importance. Lombardo-Venetian
flat, at 11k ; Grand Trunk of Canada are steady, at
321 33; East Indian, at 1011; and Great Indian
Peninsula, at 981,- 991.
Joint Stock Bank and Miscellaneous Shares are
inactive, at about former quotations.

91/ 92/
95/ 961

101 i 1021
82 .84

1875 79 80
1875 75 77

1860

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 93 21 3
3'per Cent. Consols Annuities
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 l7 7-16 5-16
India Stock
Ditto 5 per Cent. .
Ditto Enfaced Paper, 4 per Cent —
Ditto 5 per Cent.
Ditto 51 per Cent
Ditto Debentures, 1858 _
Ditto 1859 () 4Cols°le for Account (6th June)
India Stock for Account —
Ditto Account, 6 per cent.
Exchequer Bills, £I,OOO, 11d
p,ltto £5OO 8 4 p
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Mexican 3 per Cent —
Ditto Account
Portuguese 3 per Cent., 1853, —
Ditto Account
Sardinian 5 per Cent
Ditto Account
Spanish 3 per Cent —
I )itto Account
Ditto New Deferred 3 per Cent Account 361
Spanish Cora. Cert. of Coup. not funded 4l
Turkish 6 per Cent .
hitto Account
Ditto New Loan
Ditto Account
Dividends on the above payable in London.
THREE O'CLOCK.
Consols, Money
Ditto June Account -