The Sun.
London, England, 1858-11-27 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

The return from the Bank of England for the
Week ending the 24th inst. shows some rather
important variations, in , most instances of a
favourable character as regards the resources of the
establishment.

The bullion, notwithstanding the demand for
the Continent, and
,the shipments to the East,
xhibits a slight augmentation. In the re-
served notes there is a large increase,
'iz., about half a million, and the other
securities, although the Bank minimum still
continues at 3 per cent. show an increase of
half a million sterling. The public deposits, con-
sequent upon the active collection of the revenue,
have been augmented by about three quarters of a
Million, and the private deposits are also larger.
The active circulation has been diminished to the
extent of over a quarter of a million. In the other
items of the balance-sheet there is little alteration
of importance; they will be seen in the subjoined
table

Active Circulation .. /20,358,450
Decrease .. • • • • • • 374,605
18,780,330
Increase .. 141,414
Rest 3
153
3"
Increase .... • • 8,482
Public Deposits 7,671,799
Increase _ 849,826
Other Deposits 12,820,861
Increase . . • • • • • • 259,303
Seven Day and other Bills .. .. 830,217
Increase .. ... • • 11,149
Government Securities .. 10,808,591
Decrease .. • • • • • • 876
Other Securities 15 323 774
Increase .. 612,741
Notes Unemployed .. .. 12,251,030
Increase .. • • 484,715
These figures denote the continued easiness of
the Money Market, for although there is an
increase in the stock of other securities arising
from revenue and other payments, the bullion is
larger, and the circulation has been contracted.
There is vory little business in the general market,
notwithstanding the approach of the 4th of
the month, and the calls in course of pay-
ment on account of railways, loans, &c. So
quiet is the demand for accommodation at the
Stock Exchange, that loans are offered at terms as
low as 11 per cent. for short periods and on
Government Securities. The monthly liquidation
in Foreign Stocks and Railway Shares may stimu-
late the inquiry, but the effect, if any, will be
•Merely temporary.
The Continental exchanges, yesterday afternoon,
were steady, and although there was no movement
of importance, the tendency appears favourable.
The Liverpool cotton market yesterday closed
Tlietly, and 6,000 bales were sold at about previous
rotes. In railway shares a small amount of busi-
ness was transacted, and prices tended downwards.
The Alhambra, from Gibraltar, has brought £644
ut specie.
Among the arrivals announced to-day is the
Phoenician, from Sydney, but she is not presumed
to bring any specie.
The market for English Securities appeared
rather heavy at the commencement of business, but
More firmness is now apparent, owing to the
favourable Bank return, and an impression that an
improvement will take place in the French Funds.
The speculative operations, however, are very dull,
and as few permanent investments are made.
the market is very inactive. Consols are 981 I for
Money and account. Bank Stock is 2241 ; the New
Tlhree per Cents. are 9671 & ; and the Reduced
Annuities, 9%- 1. The March Exchequer Bills,
al!s. to 40s. prem. ; June, ditto, 365. to 375. prem.
The Bonds are 1004. India Loan Debentures are
Inarked 99 for the 2d issue, and the Bonds are
10s. to 14s. prem.
Since Monday last the imports of specie have
been about £351,482 and the exports 1227,795
exclusive of the following shipments direct from
London to the Continent during the week ending
Thursday last :
Gold Coin Boulogne
,t Bars lf
silver Coin
7,
Rotterdam 24,000 „
Business in the Foreign Stock Market is re-
stricted, and prices are rather lower. Turkish
6 per Cents. are 92 ; ditto Scrip, Ist issue,
to par. ; ditto, 2d issue, t prem., being firmer.
Russian 41 per Cents. are 103 ; Brazilian 41 per
Cents. 971 1; Mexican, 20 1 ; Peruvian 41 per
Cents 931; and ditto 3 per Cents., 741. The New
Chilian Loan remains firm at 1 4 prem.

In the Railway Share Market the transactions
have been limited, and confined to operations in
Connection with the arrangements for the settle-
l'ltent of the account now in progress. Prices are
'lin, and, in most instances, at a slight advance.
great Western, South .Western, and Midland
itnproved. ss. Caledonian, North Western, and
South Wales, 10s. ; and Brighton, 15s. ; Eastern
Counties, Great Northern, and North Eastern (Ber-
wick), declined ss. The Foreign and Colonial lines
have been very quiet, and little variation has taken
Place in prices. East Indian have declined about
10s. Grand Trunk and Great Western of Canada,
and Great Indian Peninsula realised former rates.
Joint Stock Bank Shares are dull but steady.
English, Scottish, and Australian Chartered have
unproved 55., and Ottoman Bank and Bank of
Egypt realised yesterday's values.
In the Miscellaneous Market Atlantic Telegraph
have declined £5, and Peninsular and Oriental
Steam improved 10s. to 15s.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 96
3 per Cent. Consols Annuities
lisw 3 per Cent. Annuities
India Stock
Ditto Debentures —
„Pitto 2d Issue
+-Pitt° Bonds, £l,OOO .............
_19.14
Ditto under £l,OOO
Consols for Account ................ itTi June.
40 1 37 6
Exchequer Bills, £l,OOO, 2d. Old.. • 37 1 36
Ditto £5OO,
Ditto Small, 1141 37 36
i
Exchequer Bonds, 1859, 31 per Cent .... 1001
FOREIGN FUNDS--CLOSING PRICES.
Brazilian 5 per Cent.
Ditto 1858, 41 per Cent
Mexican 2 per Cent. 2ok
Peruvian 41 per Cent 93
Ditto 3 per Cent.
Russian, 1822, £ St., 5 per Cent —
Ditto 41 per Cent.
Turkish 6 per Cent 92
Ditto New Loan Scrip i i a
Dividends on the above payable in London.

TWO O'CLOCK.

Consols, Money
Ditto Account 9B}

MEETING OF SHIPOWNERS AT

PLYMOUTH.

Yesterday a numerous and influential meeting of
411iPOWneiS was held at the Corn-exchange, Ply-
mouth, the object of which, as stated in a nume-
rously-signed requisition, was to promote a redress
°f grievances which at present attach to the mer-
cantile marine. Mr. Thomas Restarick was in the
chair, and at his request a letter was read from the
General Shipowners' Society, London, intimating
that the society had convened a general meeting of
shipowners and all interested in British shipping,
On the 15th Dec., at the London Tavern, to take
into consideration the present ruinous condition of
the shipping interest.
Mr. T. STEVENS, who proposed the first resolu-
tion, alluded to various facts tending to prove that
the shipping interest was one of great national im-
portance. The .shipowners did not object to free
trade, but he contended that it ought to be reci-
procated by foreign countries, which was not the
ease. He did not wish it to be said the shipowners
Wanted protection and nothing else ; they wanted
free trade, but fair trade. He then read the reso-
lution, as follows :
"That this meeting, considering the present distressed
state of British shipping arises in a great measure from the
Want of reciprocity by foreign States, and that foreign ves-
sels are placed in British ports in much better position than
' are British vessels in foreign port:, it is resolved that the
time has arrived when the 324th clause of the 16th and
17th of Victoria, cap. 107, commonly called the reciprocity
clause, should be put in force, and that the Government
be urged to take such measures as will most speedily ob-
air, such aresult."
Captain ANDREWS, who seconded the resolution,
said that they wanted free trade and fair competi-
tion, but what they most desired was reciprocity on
the part of other nations, who took advantage of
our liberality towards them.
The resolution was unanimously agreed to.
It was also resolved that a deputation should be
appointed to be present at the meeting in London
on the 15th Dec.
.Some other resolutions in conformity with tM
object of the meeting having been passed the pro-
ceedings terminated with a vote of thanks to the
chairman.