The Sun.
London, England, 1860-08-04 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx..

The Bank of England return completed to the
Ist August, shows no change of importance. The'
bullion, owing to the demand for the Continent,
has been slightly diminished, and the increased
demand for money has caused a moderate addition
to the other securities. The public deposits, how-
ever, have been slightly augmented. The various
items and the charges they present are shown in
the subjoined table :
Active Circulation 122,069,810
Decrease 00 00 08 00 48,365
Bullion .. .. 15,758,880
Decrease 00 00 0e .00 155,954
Rest 3,422,213
Increase .. • • • • 27,397
Public Deposits 4,234,969
Ilacrease .. • . 274,948
Other Deposits .. 14,717,654
Decrease .. • • • • • • 110,960
Seven Day and other Bills .. 707,729
Decrease .. • 4,427
Government Securities 9,758,795
Decrease .. • . 12,650
Other Securities ..et Ito 19,712,700
Increase 307,397
Notes Unemployed .. 7,426,610
Decrease .. • • • • 69,655
There is more inquiry for discount accommoda-
tion, owing to the engagements due to-day, the
4th of the month. No alteration, however, has
taken place in the rates charged for the negotiation
of first class bills.
There were no bullion operations of importance
at the Bank of England yesterday.
The foreign exchanges yesterday remained with-
out any material alteration.
The Arabia has been announced this morning
from Boston, with £40,000 in specie.
In the Liverpool Cotton Market yesterday a fair
demand prevailed for most descriptions, and prices
were steadily supported. The sales were estimated
at about 10,000 bales. •

Subjoined are the particulars of the specie taken
out by the steamer Ripon, which sails to-day for
India and China, viz. :—To Alexandria, £6,500 in
rm.; Madras, £3,296 ditto ; Calcutta, £21,335 in
silver ; Hongkong, £30,630 ditto, and £12,500 in
gold ; Fow-chow, £2,060 in silver ; and Shanghai,
£13,833 ditto ; total, £90,154.
By the advices from Australia it appears that
the following ships, with gold, have left that colony
for this country, viz., the Leaping Water, with
£158,516; the Yorkshire, with £169,152; and the
Maidstone, with £195,136.
The following letter from the secretary of the
United Kingdom Electric Telegraph Company
(Limited) gives a complete denial to a statement
made by the chairman of the Electric and.lnter-
national Telegraph Company at the meeting yes-
terday :

TO THE EDITOR OF THE SUN. •
Sir,—The extraordinary assertion made by the chairman
of the Electric and International Telegraph Company, as
reported in several of the morning journals of this day, viz., •
" that the United :Kingdom Electric Telegraph Company at,
has no Parliamentary powers," is directly untrue ; this sty
company having the benefit of special and ample powers
conferred by the 14th and 15th Vic., cap. 137, which act is •
now lying at this office, for the inspection of the public. 12
The statement made by him also as to the impractica st
-
bility of the system adopted by the company, is one requir-
a'
ing confirmation from higher authority than the chairman
of a rival company, whose profits will be considerably
diminished by our already assured success.—l am, &c.,
JOHN LILWALL, Secretary.
The United kingdom Electric Telegraph Company
(Limited), 101, Gresham House, London, st
August 2, 1860.
Since Monday last the imports of specie have -

been about £400,705, and the exports £290,720.
There has been very little movement to day in
the Market for Public Securities, and the prices
remain without variation, Consols being 93: 4 for
money and the 9th inst. Speculation has become
quieter, and during the next week the settlement a'
will principally occupy the attention of the dealers.
The New 3 per Cents. and the Reduced are flat
at 93t i ; India Nevi Loan is firm at 1044 ; ditte a
5 per Cent. Enfaced Paper remained at 974 ; ditto Sc
51 per Cent. at 1021; and Exchequer Bills are st
at 3s. to 6s. prem. at
Foreign Securities have been dealt in to a fair 8.1.:
extent, prices show little variation. Turkish 6 per at,
Cents. are 76 to '764; ditto New, 604 to 611; and :ttl,
the 4 per Cents., 1014 ex div. ; Mexican are firm st
at 214 4 ; Spanish at 481 ; ditto Deferred at 401; at,
Portuguese are steady at 444; Peruvian 3 per st
Cents. have improved to 74, and Brazilian 5 per 1'
Cents. are heavy at 994. at
The Ocean Marine Insurance Shares are 24 4
prem. ; the Thames and Mersey, 1 1 prem. ; and the t
Universal, 1 4 prem. at
The market for American securities during the st
past week has been dull. The following are the
prices of the American Stocks : et
Redeemable. Prices:
United States 6 per Cents 1867-1868 96 98
De. 5 per Cent Bonds
at
Maryland 5 per Ct. Str. Bonds - 93 95
Et
Massachusetts 5 per Cent. Str. et
Bonds - 1013/4 1023/4 et
82 84
Pennsylvania i per Ct. Stock. -- al
Alabama 5 per Cent. Bonds.. - 75 77 et
Kentucky 6 per Cent. Bonds.. 1868-72 90 92 81
Ohio 6 per Cent. Stock lBB6 97 98
Pennsylvania 5 per Ct. Bonds 1877 86 87 8
Tennessee 6 per Cent. Bonds. Divers 79 81 a
Virginia 6 per Cent. Bonds
Virginia 5 per Cent. St. Bonds 1888 80 82
A limited amount of business was transacted in 8

the Railway Share Market to-day, and a downward g
movement was apparent in some of the principal 82s.'.
undertakings. Caledonian declined ss. ; Great
Northern, Lancashire and Yorkshire, North- I
Eastern (Berwick), and South-Eastern, 10s. ; and 't`
North-Western and Midland, 15s. st!
The Foreign and Colonial lines have also sh own
rather less firmness. Dutch-Rhenish have declined
55.; Grand Trunk of Canada, 5e.; and Great st
Western of Canada, ss. East Indian and Great
Indian Peninsula remain at about former quota- :t
st
st
Joint-Stock Bank and Miscellaneous Shares have
st
sti
been flat. London and Westminster realise 58 ;
Union of Australia, 411 42 ; Union of London, 241
et
25 ; Canada Land realise 115, and Red Sea Tele- st
at
graph, 191.

BRITISH FUNDS—CLOSING PRICES,
Bank Stock
3 per Cent. Reduced Annuities 23
930 a
29
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India stock
Ditto 6 per Cent.
Ditto Enlaced Paper, 4 per Cent lo4i
_
Ditto b per Cent ...
Ditto 5i per Cent 97i
Ditto 1858 lO2
Consols for Account Debentures,, 9th Aug' .. 93f 961 7k 6
$ pm
£5OO
Exchequer Bills, £l,OOO, lid
D 'a°
6 3 pm
Ditto Small
6 3 pm
FOREIGN FUNDS--CLOSING PRICES.
Brasilinn 5 per Cent
Chilian 6 per Cent. 991
Ditto 44 per Cent.
82/
Mexican g per Cent
Ditto Account
Peruvian 4i per Cent 2li
Ditto 3 per Cent
P ortuguese 3 per Cent., 1853 • • 74
Ditto Account
44
Russian 5 per Cent. 1822, £ St
Ditta 8 per Cent., 1859
Sardinian 5 per Cent. .......... • ...
Ditto Account
Spanish 3 per Cent. ...............
Ditto Account
401
Ditto New Deferred.
401
Ditto Account
Ditto Passive ................ . N/,
Turkish.; per Cent .................. .
Ditto New Loan .....................
Ditto Account ................ 101
(51
Ditto 4 per Cent. Guaranteed ........
. 101 i
Ditto Account • ..........
TWO O'CLOCK.
Consols, Money .. . . . . . . OR
..
Ditto Account, August..... ..... 94 i

The marriage of Lord Skelmersdale with Lady
Alice Villiers is fixed to take place on the 15th inst.
Nearly all the Paris journals devote a considerable
apace to extracts from the articles of the London journals on
the Emperor's letter, and in general without the addition of
any comment of their own. The Mande, however, has a
few lines of observation :—" The letter is naturally the ob-
ject of comment in the English press, which shows itself
ironically satisfied, but it does not= that account lay aside
its mistrust towards France, and continues to urge the
Queen's Government to adopt precautions for the future.'
Some experiments which have been tried against
edrtain iron plates supplied by the Thames Iron Ship-
building Company, have just terminated at Portsmouth.
It appears that the Lords of the Admiralty were not satis-
fied with the iron coating with which it was at first in-
tended to clothe the Warrior, and intimated the fe.et•to the
above-named company. This led to the manufacture of
some highly-tempered plates, a number of which were
attached to the sides of the Sirius in Porehester Creek, and
Captain Hewlett, of the Excellent, was ordered to fire at
them. The result, we understand, has been so far satis-
factory, that at the ordinary ranges used for trials of the
kind the shot failed to penetrate the plates, which were
arranged on the " dove-tail" principle. It has, therefore,
been recommended that the Warrior should at once be fitted
with them, and that the "dove-tail" plan should be used.
—4rmy and 2Yary gawk,