The Sun.
London, England, 1858-10-28 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.

The directors of the Bank of England, after a
brief discussion, have again adjourned without
announcing any chs: ge in their discount regula-
tions. They refuse to listen to the dictation of
those who, without .a knowledge of what is passing
within the establialument, clamour for a particular
line of policy, bemuse it may have been adopted
on former occasion s, under somewhat similar cir-
cumstances. The i noney market is not affected by
the determination of the Court to carry out its own
views upon this subject, and the commercial public,
if they chose, can negotiate their bills in :the
open market, in.stead of the " discount-office"
of the Bank. The stock of other securities is
maintained at a sat isfactory point, and there can be
no doubt that the authorities would modify their
regulations if they were convinced of the advisa-
bility of an alteration. The next two or three
weekly balance-sb eets will probably prove the cor-
rectness of their views, and the soundness of the
policy they have •thought proper to adopt.
In the Liverpoo 1 Cotton Market, yesterday, there
was no animation , and 6,000 bales were sold, at
lower values. The Railway Share Market closed
quietly, and pric es tended downwards.
No perceptiblc increase is apparent in the demand
for money, notwithstanding the settlements at the
Stock Exchange , and the approach of the 4th of
the month. The commercial engagements that
will then arrive a at maturity are expected to re-
present a comps tratively small amount, and may be
provided for wii lout causing the slightest influence
Upon the discount market.
The meeting of the East India Railway Com-
pany took plate to-day. Mr. R. W. Crawford,
M.P., the chair man, congratulated the proprietors
en the opening g of the line from Allahabad to
Cawnpore, 126 miles in length, which he had no
doubt would bring a large addittional net profit to
the company. He was happy to say that
the works were proceeding satisfactorily on
all the sections where they could be safely
prosecuted, any 1 on the whole he considered the
prospects of • the company highly encouraging.
The half-yearl: y accounts showed the total receipts
of the lines in operation to have been £80,899 ls.
2d., and the el cpenditure £35,729 7s. 11d., leaving
a balance of £45,169 13s. 3d. The report was
adopted.

We have b, 3en requested to state that William
Lemon Olive: r, who was charged at the Guildhall,
Yesterday, v ,ith having misappropriated £5,000
entrusted to him for investment, is not a member
of the Stock Exchange.
The trans actions in public securities to-day have
again been i •estricted, in consequence of the anxiety
of the ope rators to learn the decision of the
Bank Court before extending their engagements.
The uncerta duty felt with regard to the regula-
tion of the t erms of discount has interfered with
this &script don of business for several weeks, and
it has, no ch nbt, prevented the upward movement
In values, wi xich might have been expected from the
increased al oundance of money. The settlement in
Foreign
St ocks and Railway Shares is being pro-
ceeded wit} t, and the necessary formalities tempora-
rily occupy the principal attention of the members.
Very little t 'resh speculative business is recorded, but
one or two large purchases of Consols are stated to
have been made for the December account. Money
is very p lentiful in the " House," and loans are
freely negotiated on Government at 1-} per cent.
When. it became known that the mini-
mum had not been reduced, the funds ap-
peared a shade flatter, but the movement
is unimportant ; with quotations at their pre-
sent high range frequent variation must
be anticipated. Consols are about 981 I for money'
and 983 sellers for the account. Bank Stock is
marked 224 ; the Reduced and New 3 per Cents.
have been dealt in. at 971 and 9714. The March
Exchequer Bills are 375. to 40s. prem, ; June ditto,
318. prem. ; New 21 per Cents. are steady, viz.,
821 ; India Loan Debentures, 991; and ditto
Bonds, 14s. prem.

A rather large amount of business is recorded in
the Foreign Stock Market, and prices are well sup-
Ported. Turkish 6 per Cents. are 931 94 ; ditto
Scrip (first issue), 4 to 1 pm. ; ditto (second), 2 to
21 pm., being firmer ; Russian 44- per Cents., 1018
102 ; Sardinian 5 per Cents., 941 ; Spanish New De-
ferred, 30a- ; ditto Certificates, 62 3 ; Equador
Bonds, 16.1 ; Guatemala 5 per Cents., 542 ; Peru-
vian 41 per Cents. (Uribarren Bonds), 798 302 ;
ditto 3 per Cents., 701 ; Portuguese 3 per Cents.,
471- ; Dutch 21 per Cents., 663 ; and ditto 4 per
Cents., 101.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1858. 1857.
Great Western . £30,425 £29,691
North-Western. . 57,759 64,390
South-Western
Brighton
Midland
South-Eastern . 21,157 19,488
Great Northern
Lancashire and Yorkshire
Bristol and Exeter. 6,715 6,595
Chester and Holyhead 6,320 6,478
Manchester, Sheffield, and. Lincoln
North-Eastern
North Stafford
Oxford, Worcester, and Wolverhampton 4,754 4,822
West Hartlepool
Edinburgh and Glasgow 5,968 6,198
Dasgow and South-Western
Scottish and North-Eastern
Grand Trunk of Canada
11,813 10,366
Great Western of Canada
Northern of France

In the Railway Share Market the dealings have
beeni en a very moderate scale. Prices, however,
show more firmness. North Western have im-
proved ss. ; Caledonian, Eastern Counties, Great
Westerns, and South Westerns, 10s. ; and North
Eastern (Berwick), North Eastern (York), South
Eastern, £l. The Foreign and Colonial lines have
been in very limited request:. Paris and Lyons
have declined about 55., and Grand Trunk of
Canada, 10s. ; East Indian have improved about ss.
Joint-Stock Bank Shares have been very quiet.
Bank of Australia have improved about ss. to 10s.,
and. Ottoman Bank, ss.
In the Miscellaneous Market Atlantic Telegraph
have been dealt in at 345 to 350 ; Crystal Palace at
; Royal Mail Stem at 621; and Red Sea
and India Telegraph at 2

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities.
3 per Cent. Consols Annuities
„.,New 3 per Cent. Annuities .. - 97i ..} 7 i
"mew 2-1, per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth Apri7, 1885. , 18 3-16
India Stock
Ditto Debentures .. 99/
Ditto Bonds, £l,000
Ditto under £l,OOO
-
Consols for Account
March June.
Exchequer Bills, £l,OOO, 2d. &lid..-. --71
Ditto £SOO,
Ditto Small, lfd

FOREIGN FUNDS—CLOSING PRICES.
Brazilian, 5 per Cent • • ---
Ditto, 1852, 4/per Cent. . 99 8 1 t
Ditto 1858, 4i. per Cent. .
971 ei
Equador New Consolidated
Guatemala, 5 per Cent.
Peruvian, 4.1 per Cent.
Ditto (Uribarren), 4/ pe; * e;11 i ***** • e , 7-01 80/
Ditto 3 per Cent. .....
:-: • .
Portuguese, 1853, 3 per uent. 70
Russian, 1822, £ St., 5 per Cent... "-
Ditto 474
Ditto 41 per Cent.
........102 1A
Sardinian, 5 per Cent ........ 941 31
Spanish per Cent. —
Ditto New Deferred, 3 per Ce.nt.
Spanish Com. Cert. of Coup. not funded 6l f
Turkish, 6 per Cent.
Ditto New Loan Scrip
Ditto 2d Issue
Ditto Account ..
Dividends on the above payable in London.
kustrian, 10 Gu. £, 5 per Cent.
Dutek Exchange, 12 Guil. 21 per Cent 66/
Ditto certificates, 4 per Cent. .
Peruvian Dollar Bonds, 4f per Ct. E. 4s 7B
Consols, Money THREE 0
....
,Bfl .
(OCK
`
Ditto Account, Nov. 10

THE WYNNSTAY TESTIMDINIAL.—In addition to
the subscription made throughou t North Wales towards a
testimonial to Lady Williams Wynn as a' token of sym-
pathy on the destruction of Wynn stay, the inhabitants of
the parish of Ruabon, determine( I to
present a separate
tribute of regard, which is now ready for presentation to
Sir Watkin and Lady Wynn, in t) he shape of a magnificent
bible, superbly bound, value 110/1. The Vicar of Ruabon
or publicly present the gift, lit la has been subscribed
for by 8,000 of the inhabitants o ti te parish.