The Sun.
London, England, 1858-10-23 00:00:00

PE

MONET MARKET AND CITY NE lf'S.

CITY, TWO O'CLOCK.

The Bank of England return, completed to the
20th inst., although it shows some, unsatisfactory
features, is not of a character to cause any uneasi-
ness with regard to monetary prospects. Owing to
the absence of Australian remittances the bullion has
been decreased to the extent of about a quarter of a
million sterling, while the reserve of: notes, in conse-
quence of the payment of the di'-idends and other
periodical demands, has been diminished to the
amount of about half a million. The other securi-
ties, notwithstanding the minimum rate of 3 per
dent., only show a small falling off. In the
public deposits there is a slight augmentation.
But the private deposits, partly owing to the
absorption of capital by the various Joint-Stock
Companies lately brought forward, shows a dimi-
nution of nearly three-quarters of a million. The
active circulation exhibits a moderate increase, and
in the Government Securities no alteration has
taken place. The various items of the balance-
sheet, and the changes they present, will be found
in the subjoined table :

Active Circulation .. .. .. X 21,496,165
Increase .. • • • • • • 295,045
Bullion .. .. • • • • • . 19,276,660
Decrease .. . • • • • • 220,431
Rest •• •• •• •• •• 3,097,613
Increase .. .. .. .. 6,101
Public Deposits •• •• • • 5,531,558
Increase .. .. • . .. 174,661
Other Deposits • • • . • . 13,808,346
Decrease .. .. • . .. 761,020
Seven Day and other Bills .. .. 889,465
Increase .. .. .. .. 62,193
Government Securities .. .. 10,809,467
Decrease .. .. .. .. 322,202
_ _

Other Securities .. 14,81,120
Decrease .. 2,589
Notes Unemployed .. .. 11,642,545
Decrease .. .. 495,195

The decline in the stock o f bullion is presumed to
be merely temporary, for, although the remittances
to the continent and the East may increase, the
imports will, no doubt, continue sufficiently large
to meet the requirements of exporters and leave a
balance for accumulation at the Bank. The
rate of exchange in New York is still very
high, and the City of Washington, just
arrived, has brought £198,248. In the course
of the next fortnight a considerable quantity
of specie is expected from Australia, the Agincourt
having been 91 days at sea with £283,100, and the
Lincolnshire 70 days, with about £622,800. These
consignments, it is thought, will chiefly be retained
In. this country, for the present export demand
Rill scarcely absorb more than the amounts re-
ceived from the United States and Russia.

The late supplies of gold from Russia and Austra-
ia having been disposed of, the influx at the Bank
of England has temporarily ceased.
The continental exchanges yesterday afternoon
were again rather flatter, but the movement was
very limited.

The demand for silver continues moderately
active, and, as the supply is limited, the quotations
tend upwards.
Accounts from New York report that business
in the exchange had not been quite so active.
Money On call was abundant at 3 per cent., and
first-class bills were negotiated at 4 to 6 per cent.
The supply, however, was rather on the decline
than otherwise, which had, consequently, caused
'creased competition among bankers and others.
The Liverpool Cotton Market yesterday mani-
fested a very dull appearance, and quotations were
without alteration. The sales were estimated at
6,000 bales.