The Sun.
London, England, 1860-05-16 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
Rather more activity and firmness are exhibited
in the general Money Market, which may be attri-
buted to the ordinary requirements of trade, and
the demand which has arisen on account ofjoint stock
enterprise. In addition to several heavy railway calls
recently completed, two or three new companies
have been brought forward, and as their prospects
appear satisfactory the public have subscribed to a
large extent. The discount market, therefore, pre-
sents a less easy appearance, although at the cur-
rent rates, which are now scarcely below the Bank
minimum, the mercantile classes are enabled to
obtain the accommodation necessary for the active
promotion of trade.

The exportation of specie to the Continent con-
tinues moderate, and should further receipts of
Australian gold be speedily announced, they will
probably flow into the Bank of England vaults,
Where an important accumulation has already taken
place. The present value of the metal in Paris is
2-10ths per cent. cheaper than in England, and
under these circumstances shipments in that direc-
tion are not likely to be immediately resumed.
silver continues in moderate request, and the quota-
tions appear a shade firmer, the supplies brought by
the West India steamer having been sold at an
advance of id. per oz. standard compared with the
prices realised for the previous consignments.
In the present position of the New York ex-
changes a profit is derived from the transmission of
specie in Europe, especially to France, and small
remittances are now conveyed by almost every
steamer.

A small quantity of gold, viz., £5,000, was sent
into the Bank of England yesterday. The Jessie
Boyle has arrived this morning, from Australia,
with £34,000 in specie.
The Foreign Exchanges yesterday afternoon ex-
hibite d a decided advance in the rates on Vienna and
Trieste.

In the Liverpool Cotton Market yesterday busi-
ness was rather inactive, but prices were without
any rnaterial variation. The sales were 6,000 bales.
The quarterly sales of indigo which commenced
on th.e Bth inst. were brought to a conclusion yes-
terday; about 8,820 chests of various descriptions
were offered. There was a very limited attend-
ance of buyers, both home and foreign, and the
biddings were dull, except for the good and useful
qualities, which reached an advance of 2d. to 3d.
per lb.. on the rates current in February last ; or.
dinary and inferior qualities went at a reduction
of 3a. per lb.

Top-day the following railway calls are due, viz. :
--Lt, per share, amounting to £50,000, on the
Metropolitan ; £2 10s., or £17,000, on the Monk-
land New Shares ; £2 10s. on the Portadown and
Dun Bannon Extension ; and £5 on the 6 per Cent.
Prel 'erence
Although the transactions in the English Stock
Mar ket are limited, the tendency of quotations con-
tinu. es unfavourable, principally in consequence of
the advices from the continent, and the steady de-
cilia. e in the French Funds. Consols are now quoted
9,4 for transfer, and 95 for the account. There is
still a large supply of money stock. The New Threes
per Cents, and the Reduced are steady at 931 ;
Indian New Loan is firm at 1061; ditto 5 per Cent.
Enfaced Paper has receded to 93; ditto Bonds are
flat .at 13s. to Bs. dis., and Exchequer Bills at 3s. to
Os. prem.

Business in the Foreign Stock Market this morn-
ing has been exceedingly inactive, and prices have
continined depressed. Turkish 6 per Cents. are
751 to 76 ; ditto New, 591- to 60; Buenos Ayres 6
per Cents. are flat at 851-; Brazilian 41 per Cents.
remain at 901 ; but Peruvian, Uribarren, are firm
at 83.

The Ocean Marine Insurance Shares are 21-
prem.; the Thames and Mersey ditto, 12- I prem. ;
and the Universal ditto, 4+ prem.
In the Railway Share Market the dealings have
been to a fair extent, and some of the principal
lines at first exhibited more firmness. Edinburgh,
Perth, and Dundee, Midland, South-Eastern, and
Great Northern A Stock advanced ss. ; Bristol and
Exeter, South-Western, and North-Eastern (Ber-
wick), 10s. North-Western have declined 55., and
Great Western and Lancashire and Yorkshire, 10s.
A general heaviness, however, is now apparent.
The Foreign and Colonial Markets have shown
little variation of importance. South Austrian and
Lombardo-Venetian are flat, at 12k, ; Pernam-
buco realise 11Z, 1 ; Buenos Ayres and San Fer-
nando, 61-; East Indian, Mt; and Great Western
of Canada have declined to 121.
Joint Stock Bank and Miscellaneous Shares are
inactive, and realise barely previous quotations.

BRITISH FUNDS--CLOSING PRICES.
Bank Stock
3 pea. Cent. Reduced Annuities 93a a
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
Anuies,
yrys 30 rs, expire sthlBBo —
Ditnto for 30, expire sth April, 1885 l7 7-16
India Stock
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per Cent. —
Ditto 5 per Cent.
Ditto Debentures, 1858 —
Ditto 1859 96/ /
Ditto Bonds £l,OOO
Ditto under £l,OOO l2 13
Consols for Account (6th June)
Exchequer Bills, £l,OOO, lid
Ditto Small .. 6 4 p
FOREIGN FUNDS—CLOSING PRICES.
Braoilian 5 per Cent
Ditto 41 per Cent. 1858 9Ol
Buenos Ayres, 6 per Cent
Mexican 3 per Cent —
Ditto Account
Peruvian 41 per Cent. Account 92
Ditto (Uribarren), 41 per Cent.
Russian 5 per Cent. 1822, £ St —
Ditto 4} per Cent.
Spanish 3 per Cent. .. —
Ditto New Deferred 3 per Cent Account 36/
Turkish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account

THRUE O'CLOCK.
Consols, Money
Ditto Juno Account

It was stated yesterday that a clerk in the Union
Bank was supposed to have become acquainted with the
fact more than a year ago that Pullinger was engaged in
speculations. It now appears that this clerk saw enough
to render him watchful, and that he was the person through
whom the discovery of the fraud was finally effected.
It is stated that after the departure from Sydney
of the last Australian mail, a telegram five days later was
despatched to catch the steamer at Adelaide, and to report
the suspension of two large and old established houses,
—Messrs. David Jones and Co., and Messrs. Thompson,
Symonds, and Co. Their liabilities are believed to lie prin-
cipally in England, and are thought likely to amount to
£250,000. It was feared that others would follow. Messrs.
David Jones and Co. are wholesale drapery importers, and
Thompson, Symonds, and Co. connected with them.
The decree for the reduction of the French sugar
duties is to come into operation to-dsy. The alteration has
not caused any change in prices in France, as the dealers
hold large stocks, especially the Mauritius kinds.
CATTLE KILLED BY LICKING PAINT.—Last
week two short-horn butts, about 16 months old, in aloort
a Moo
r
Farm, 25, the property Mr. Thomas Clarke, upon New
Farm, Southminster, were seized with frothing at the
vaouth, affection of the brain, and other symptoms, from
which one died the next day and the other wes necessarily
killed. Mr. Howe, veterinary surgeon on hearing from
the shepherd that the animals had licked' some lead-coloured
paint from off a part of the buildings, immediately pro-
nounced it to have occasioned the attack, and on post-
mortem examination tho mortal effects of the poison were
clearly developed.—Essex Herald.
THE LATE -MYSTERIOUS FIRE IN REDCROSS-
STILEET, CRIPPLEGATE.—Yesterday Mr. Sergeant Payne
resumed, for the third time, the official inquiry respecting
the circumstances attending the outbreak of the late exten-
sive conflagration in Redeross-street, Cripplegate. The
jury, after a visit of inspection to the ruins, for the purpose
more particularly of examining the salvage, proceeded to
hear further evidence, and then returned the following ver-
dict :—" We beliovo that the fire commenced on the premises
of Messrs. Johnson and Gilman, but there does not appear
sufficient evidence to prove how it orioinated but the evi-
dence we have received appears to be very suspicious. In-
deed, we do not believe there was near
the n u t of stock
On the premises at that time which has beenc amount
by the
various witnesses."
THE PRICE OF GOLD.—The quotation of gold at
Paris is about at par, and the short exchange on London is
25.12} per LI sterling. On comparing these rates with
the English Mint par, £3 17s. 10Id. per ounce for standard
gold, it appears that gold is about 2-10ths per cent. dearer
in Paris than in London. By advices from Hamburg
the price of gold is 4211 per mark, and the short
exchange on London is 13 31 per £1 sterling. Standard
gold at the English Mint price is therefore nearly
at about the same price in London as in Hamburg.
The course of exchange at New York on London for
bills at 60 days' sight is about 109% per cent., which, when
compared with the Mint par between the two countries,
shows that the exchange is against England. But, after
making allowance for charges of transport and difference
of interest, the present rate leaves no profit on the trans-
raissio4 of gold petwoe4 the two countries,