The Sun.
London, England, 1860-08-16 00:00:00

1 ONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

There is no diminution in the demand for money
and the market, consequently, remains in a firm
and active state. The upward tendency of the
rates, and the probable increase in the exports of
specie, have already led to some conversation with
regard to the prospect of an advance in the mini-
mum discount quotation at the Bank of England,
and bankers and brokers consequently limit their
operations or acquire higher terms for the use of
their resources.

A small parcel of gold, viz., £4,000, was 'with-
drawn from the Bank of England yesterday for
exportation.

The Mexican dollars by the Seine, from the
West Indies, have been sold at ss. 2-Z-d, per oz.,
showing a slight advance. _

A call of Xi per share, amounting to £50,000, is
dae to-day on the Metropolitan Railway.
A large amount of business was recorded in the
Cotton Market at Liverpool yesterday, 18,000 bales
having been disposed of at about former rates.
The following communication refers to the East
India Irrigation and Canal Company :

TO THE EDITOR OF THE BUN.

you kindly allow me space in your columns
to state, in answer to numerous inquiries which have been
made and for the information of the public generally, that
the following is the understood meaning of the terms pro-
posed by Sir C. Wood as the basis of the arrangement to
be made with the Government of India, viz.:—

1. That the price to be paid by the company to the Go-
vernment for all land required is to bo it, value at the time
possession is taken, and not the improved value created by
the works constructed. _ _

2. That water is to be supplied from the company's
works to all available land requiring irrigation, and the
Government alone is to pay the company for that supply;
and

3. That the prices to be chargeable to parties using it
(i.e., the cultivators) for the water supplied for irrigation
are to be fixed by the Legislative Council at Calcutta, and
those prices are to be charged by the Government to such
cultivators, and to be paid by the former to the company.
I may add that the company is to be conducted and in-
corporated with strict limited liability as is the Madras
Irrigation and Canal Company.—l am, Sir, yours,

T. WESTWOOD.

27, Cannon. street, RC.,
Aug. 15, 1860.
The creditors of Mr. J. Dickens met to-day,
when a statement of the affairs prepared by Mr. S.
Lowell Price, was presented, which stated the
liabilities to be £2,633, and the assets at £1,705.
It was agreed that the estate be assigned to two
creditors for immediate realisation.

A meeting has just been held of the Berlin Water
Works Company, when the report was adopted,
and a dividend of ls. per share was agreed to, and
there will then remain 1940 to be carried forward.

There has been some activity to-day in the
market for Public Securities, and increased de.
pression has been experienced, Consols having
further receded to 92: 4 for money, and 924 8 for
the account. Some extensive sales have taken
place in consequence of the unsettled state of Con-
tinental politics. The New 3 per Cents. have
receded to 931 ; the Reduced to 931 ; India New
Loan is heavy, at 103: 4 ; ditto 5 per Cent. Enfaced
Paper, is at 964, and Exchequer Bills are steady,
at 2s. to 6s. prem.

Business in the Foreign Stock Market continues
quiet, and prices are very depressed. Turkish 6
per Cents. are 74 to 741 ; ditto New, 591 to 60;
Spanish haze declined to 48 ; Sardinian to 83 ;
Dutch 21 per Cents. to 65 ; and Russian 3 per
Cents. to 64; but the New Loa' is steady at 1-1
prem.

The Ocean Marine Insurance Shares aro 2
prem.; the Thames and Mersey, 1 I prem. ; and
the Universal, a prem. _ _

The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1860.
Great Western £38,675
North-Western 94,529
South-Western
Brighton
Midland
South. Eastern
Great Northern _ _

1859.
£36,547
86,122
21,357
20,445
37,501
26,795
26,723