The Sun.
London, England, 1860-02-21 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.
During the last few days business in the Foreign
and Colonial Produce Markets has been very inac-
tive. Tea has been dull, but has continued at former
rates. In sugar tho transactions have been for im-
mediate requirements, on about former terms ;
and coffee has been in fair demand, and brought
full rates. In rice, spices, and fruit no dealings of
importance have been recorded. Saltpetre has been
inactive and tallow dull, prices for both present
and forward delivery baying slightly declined.

The Liverpool Cotton Market yesterday closed
steadily, and prices continued firm. The sales were I
estimated at 7,000 bales. In the Railway Share
Market business continued rather quiet, but quota-
tions tended upwards.
Notwithstanding the delayed arrivals of gold '3l
ships from Australia, and the limited quantities of St
specie received from the United States, the drain st
from the bullion department of the Bank of Eng- St,
land has not been resumed, and there is some pro- st
bability, if the exchanges become more favourable, It:
of a fresh accumulation before many weeks have It
elapsed. This circumstance, coupled with the quieter st,
appearance of the discount market, shows that a 1*
reactionary movement has commenced in monetary si
affairs, and it would not excite surprise if the Bank
authorities, at an early day, should be enabled to
lower their minimum quotation from the elevated
point to which it was forced by an unusual demand
for gold. First class bills can now be negotiated
I per cent. under the official rate, and at the Stock si
Exchange loans are freely granted on very easy
terms.
2

There is very little alteration in the market for
Public Securities, but prices have remained toler-
ably firm, owing the demand for investments and
the improved tendency of monetary affairs. The
debate in the House of Commons has not produced
any material effect, Consols being 941 t for money,
and at 941 for the account. The New Threes
and the Reduced have improved to 951; India New
Loan is steady at 103 a i ; ditto 5 per Cent. Enfaced
Paper is firmer at 98, ditto 51 per Cent. ditto at
1031, and Bank Stock at 230 and 231 ; Exchequer
Bills have advanced to 245. and 275. prem.
A fair amount of business is recorded in Foreign
Securities, and prices are firmer. Turkish 6 per
Cents, are 79 to 791 ; ditto New, 66 to 661; Mexi-
can is steady at 211 ; Brazilian 5 per Cents. have
improved to 1021 ; ditto 41 per Cents., to 94 ; Sar-
dinian, to 851 ; and Spanish 3 per Cents., to 451.
The Ocean Marine Insurance Shares are 21,
prem. ; Universal ditto,* I prem.; the London and
Provincial ditto,l s prem. ; and the Canadian Loan
is 2 prem.
In the Railway Share Market a moderate amount
of business has been transacted, and in most in-
stances there has been a slight improvement.
Eastern Counties, Great Western, Brighton, South-
Western, Manchester, Sheffield, and Lincoln, Mid-
land, and South-Eastern have improved ss. ; Lan-
cashire and Yorkshire, 10s. ; and Blackwell and
Oxford, Worcester, and Wolverhampton, 15s.
The foreign lines have been very inactive. Great
Luxembourg have advanced to 7, and Sambre and
Meuse Preference Shares 9.
In the Colonial Market there was not much
variation. East Indian were steady, at 1011 1011 ;
Great Indian Peninsula,. at 981 99•; and Grand
Trunk of Canada, 351.
Joint Stock • Bank and Miscellaneous Shares
have bepn in fair request, at about former ♦alues.
London and Westminster improved ss. ; London
and County, ss. ; and Red Sea Telegraph, ss.

BEITiSH FUNDS--CLOSING.PRICES.
Bank Stock
I St
3 ...,er Cent. Reduced Annuities Q 5/ 5
3 per Cent. Consols Annuities
N,w 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 — - •
Ditto for 30 Years, expire sth April, 1885 171
n lia Stock
Ditto 5 per Cent. - 1031 A I I
Ditto Enfaced Paper, 4 per cent —
Ditto 5 per Cent. • • 98
Ditto 51- per Cent lO3l
Atte Debentures, 1858..... - 971 r
Ditto, 1859
Ditto Bowls £l,OOO
)itt., under 11,000 . 4pm •
Consols for Account (March)
xch :quer Bills, .til,uoo, lid 24 7
itto £5OO 24 7
Ditto Small, 11d.
FOREIGN FUNDS—CLOSING PRICES.
'razilian 5 per Cent.
Ditto 41 per Cent., 1852 94
Ditto 41 per Cent. 1858
vle,xisan 3 per Cent.
Ditto Account
ei uvian 41 per Cent —
Ditto Account Q5l 41
3 i.cliniiin' 5 per Cent B5l 5
p.mish 3 per Cent —
Dilto Account
urki,h 6 per Cent 791
j lu:tto Account
.iitto New Loan
Ditto Account
Dividends on the above payable in Lumina.
Latch Exchange, 12 Guil. 21 per Cent 661
THREE O'CLOCK.
Consols, Money 913 t
Ditto Account (March 8)' 941 a