The Sun.
London, England, 1860-06-26 00:00:00

MONEY MARKET AND. CITY NEWS.

CITY, Two o'C*LocK.

During the last few days there has been only a
moderate amount of business in the foi reign and
colonial produce markets. Tea, however , has been
in steady request, the late advices from Cl Nina being
considered of a favourable character. & agars have
been rather cheaper ; but an upward na o cement has
taken place in the value of coffee. 1 ice has been
inactive ; and little business of import ante has bec,n
transacted in spices and saltpetre. For tallow
there has been a steady inquiry, sr Id some rather
extensive dealings have been enter ed into for for-
ward delivery at present quotations
In the Liverpool Cotton Mark et yesterday a
moderate amount of business was transacted, and
prices were steady. The sales were 8,000 bales.
The Railway Share Market cic,sed quietly, and
quotations exhibited a further d ecline.
The principal subject of cony( Tsation in monetary
circles is the new Russian Lorin, the prospectus of
which appeared in The E;un• yesterday. Upon
the whole it seems to be 'well received, although
sufficient time has not yet elapsed to admit
of any estimate being formed with regard to the
amount of support it is, likely to obtain. Still, the
impression is that fir:: terms are sufficiently favour-
able to tempt tramerous subscriptions, especially as
Russia is in the enjoyment of excellent credit in all
the principal money markets of Europe. It is cal-
culated,. however, that the Dutch will subscribe
liberally, and, under these circumstances, the con-
tractors may be enabled to carry out their negotia-
tions with success. The new loan is now nominally
quoted par to 1 premium.
There is a large supply of money in the hands
of the bankers and brokers, and they are dis-
counting commercial bills on previous terms, 4 per
cent. being the minimum charge for first class
papr. The demand, however, is sustained, and
tho market, consequently, remains in rather an
active state.

The Marco Polo has arrived, from Australia
midi £19,968, and the Owen Glendower with
£91,020 in specie.
At the meeting of the South Australian Bank-
ing Company the report was unanimously adopted,
and a dividend of 10 per cent., payable in half
yearly instalments, was declared, free of income-
tax.

The official returns relating to trade and naviga-
tion for the five months ending May 31,1860, have
been published, from which it appears that the
total declared value of the exports from United
Kingdom amounted to £52,783,535 against
.L 52,357,268 on the latter period of 1859, showing
an increase of £446,267. The principal increase
has been in cotton manufactures, cotton yarn,
sheep and lambs' wool, and woollen manufactures.
In the imports there is an increase in coffee, raw
cotton, sugar, and sheep and lambs' wool.
The shipping accounts are satisfactory for both
the home and foreign trade, a large increase
being perceptible in the tonnage employed foi
both the entries inwards and the clearances out-
wards.

Further sales of stock have been effected to-day
in the English market, and increased symptoms of
heaviness were exhibited during the morning, Con-
sols being 934 but they were now a shade
firmer, viz., 931 exactly. The Russian loan and
the heaviness of the Rentes have created rather an
unfavourable tendency.

The New Threes are firm at 93-, the Reduced are
steady at 921 931; Long Annuities at 161, India 51
per Cent. Enfaced Paper is flat at 1021 ; ditto De-
bentures at 961; Exchequer Bills par 3 prem.
Increased heaviness has prevailed in the Foreign
Stock Market, and the transactions have been
very limited; at the present moment, however,
rather more firmness is apparent. Turkish 6 per
Cents. are 77 to 771; ditto New, 60 to 601;
Spanish Deferred remain at 381; ditto Certificates
have receded to 41f and Mexican to 21, The New
Russian Loan is quoted 1- dis. 1 prem.
The Ocean Marine Insurance Shares are 12 1
prem. ; the Thames and Mersey 1 ,1 prem. ; and
the Universal 1, prem.

The transactions the Railway Share Market
ave been on a very limited scale, and prices have
not shown any material alteration. Caledonian,
Great Western, and North-Western declined ss. ;
Great Northern A Stock advanced 10s.; Eastern
Counties, Midland, North-Eastern (Berwick), and
South-Eastern were at about former quotations.
The Foreign and Colonial undertakings have
shown no change of importance. Grand Trunk of
Canada declined to 281 29k, and Great Western of
Canada to l l -I.

Joint Stock Bank and Miscellaneous shares re-
main in moderate demand, at about former prices.
Union of London are 241- 241--; London and West•
minster sal ; Oriental Bank 43 ; Union of Austra-
lia 421; and Royal Mail Steam 511.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities 93/ 2/
New 3 per Cent. Annuities
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 l6/
India Stock
Ditto Enfaced Paper, 4 per Cent
Ditto 5} per Cent.
Ditto Debentures, 1858
Ditto Bonds £l,OOO
Ditto under £l,OOO ..
Consols for Account, 10th July .. 931
India Stock, 5 per cent.
Ditto Account
Exchequer Bills, £l,OOO, lid
D t. £5OO 3 pm par
FOREIGN FUNDS—ONE O'CLOCK.
Mexican 3 per Cent
Ditto Account
Spanish 3 per Cent...
Ditto New Deferred
Spanish Com. Cert. of Coup. not funded 4l
Turkish 6 per Cent
Ditto New Loan
Ditto Account
Dividends on the above payable in London.
TWO O'CLOCK
Consols for Acceunt, ex div. 931 exactly.

... 21

THIS DAY'S SHIPPING.

LONDON, June 26. Wind this day. at noon— W.
moderate breeze and fine.