The Sun.
London, England, 1860-03-08 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocic.

The efflux of specie from the Bank of England
has not yet been arrested, as the receipts are inade-
quate to the requirements of the bullion dealers,
who are still forwarding large quantities of gold to
the continent and of silver to India. About
£40,000 was withdrawn yesterday from the bullion
department of the national establishment, and it is
not improbable that further sums will be sent
away, anless some of the Australian consign-
ments are speedily received. The unfavourable
effect already produced upon the Money Market by
the specie movement, has attracted increased at-
tention to the demand for gold and silver, and the
fluctuation in the bullion held by the Bank is
watched with as much interest by the commercial
community as on the Stock Exchange.
Accounts from Liverpool state that the Cotton
Market yesterday closed with some activity, 8,000
bales having been sold at about previous rates. In
the Railway Share Market business was dull, and
prices continued to decline.

The Mexican dollars brought by the last West
India steamer have been disposed of. at ss. Nd. per
ounce, being the same price as realised for the
previous supply. _ _

- - -
The last week's railway receipts, ascertained up
to this day, are, in round figures, as under :-
1860. 1859.
Great Western .
North-Western
South-Western
Brighton 11,364 12,501
Midland
South- Eastern
Great Northern

Lancashire and Yorkshire
Bristol and Exeter
North-Eastern
Manchester, Sheffield, and Lincoln 10,840 9,811
North Stafford 7,b96 7,004
Edinburgh and Glasgow 5,670 5,542
Scottish North-Eastern
Great Western of Canada
Grand:Trluik of Canada
The above returns exhibit an incree se of £612 on
the Great Western, £3,306 on the North Western,
£3,742 on the Midland, £2,822 on the Great
Northern, £3,128 on the Lancashire and Yorkshire,
£1,669 on the North Eastern (Berwick), and £2,272
on the Grand Trunk of Canada. On the South
Western, however, there is a decrease of £407, on
the Brighton, £1,137 ; on the South Eastern, £7ll ;
and on the Great Western of Canada, £591.

The Bank of England directors, as anticipated,
have separated after their weekly meeting without
making any alteration in the terms of discount.
There is a steady demand at previous quotations.
At the meeting of Messrs. Smythe, Searle, and
Co.'s creditors, held to-day, it was resolved to wind
the estate up under inspection. _

The operations in the English Stock Market
to-day have been chiefly connected with the settle-
ment, but the Funds continue heavy, Consols
being 941 a for money, and 941 a for the ac-
count. The dealings, however, have been
very limited, as the speculators .are not
disposed to extend their operations. The
New Threes and the Reduced are flat, at
9tl ; India New Loan remains at 1031 1041;
ditto 5 per cent. Enfaced Paper has improved to
99-1-; ditto 51 per cent. ditto is steady, at 1051 ;
Bank Stock has declined to 229; and Exchequer
Bills are also depressed, viz., 225. to 255. prem.
The Foreign and Colonial Markets are flat.
Lombardo-Venetian have declined to 111 11; ;
Bahia and San Francisco, to 68. 61; and Dutch
Rhenish to 9a. East Indian are 101 to 1014.
Grand Trunk of Canada, 33 to 331; and Great
Western of Canada, llt 11-1.

Joint-stock Bank and Miscellaneous Shares are
at slightly reduced rates. Bank of Australasia
have declined 10s., and Oriental Bank, 10s. Royal
Mail steam are quoted 511.

_
The Railway Share Market, to-day, has shown
increased heaviness, owing, in some measure, to the
unfavourable traffic returns compared with the
downward movement in the English Funds. Edin•
burgh, Perth, and Dundee, Great Northern, Lan-
cashire and Yorkshire, Brighton, Midland, and
North Eastern (Berwick) have declined 55.;
Eastern Counties, Great Western, North-Western,
Manchester, Sheffield, and Lincoln, South Eastern,
and Stockton and Darlington, 10s.
The transactions in the Foreign Market have
been rather restricted, and prices tend downwards.
Turkish 6 per Cents. are 79i to 791 ; ditto New,
62 to 624 ; and the 4 per Cents, have receded to
101 t ; Mexican, to 224 I ; Portuguese, to 444 ;
Russian 41 per Cents. to 97t, and Spanish 3 per
Cents., to 44-1 ; ditto Deferred, are firm at 34.
_ _

. _
The Ocean Marine Insurar.ce Shares are 21 31
prem., the Universal ditto 11 prem., and the Cana-
dian Loan is 11 i prem.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock

i per Cent. Reduced Annuities 944 i 1 1
3 per Cent. Consols Annuities
N. 3 per Cent. Annuities
.India Stock
Ditto 5 per Cent.
Ditto Enfaoed Paper, 4 per cent
Ditto 5 per Cent. 994 1
Ditto 54 per Cent . 1051 4 1
Ditto Debentures, 1858 974
C ingots for Account (April)
Exchequer Bills, £4OOO, 14d..
FOREIGN FUNDS--CLOSING PRICES.
3 •azilian 5 per Cent.
Ditto 44 per Cent. 1858
Buenos Ayres, 6 per Cent. ......... e• • . •
* Ditto Account
Equador New Consolidated ::
Mexioan. 3 per Cent.
Ditto Account
Peruvian 41 per Cent —
Ditto (Uribarren), 44 per Cent.
Portuguese. 1853, 3 per Cent.
Ditto Account
Russian, 1822, £ St., 5 per Cent —
Ditto 41 per Cent.
Sardinian, 5 per Cent
t,ptinish 3 per Cent
Ditto Deferred 3 per Cent.
Turkish 6 per Cent —
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 pex Cent.
Ditto Account
Venezuelan. 3 periCent
Dividends on the above payable in London.
Datch Exchange, 12 Guil. 24 per Cent 661
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols, Money. 94
944 4
Ditto Account

His Royal Highness the Prince Frederick of the
Netherlands yesterday morning honoured the establish-
ment of Mr. C. F. Hancock, of Bruton-street, with a visit,
and was graciously pleased to favour bim with his com-
mands.

His Royal Highness the Prince of Orange, accom-
panied by a numerous suite, embarked at St. Katherine's
wharf on Tuesday morning, on board the General Steam Na-
vigation Company's steam ship Concordia, Capt. H. Stra-
neck, for Rotterdam. Colonel Seymour, equerry to her
Majesty, and Baron Bentinck, Netherlands Minister, were
present at thttdeparture of Ais Royal Highness.
The winding-up in the Court of Chancery of the
affairs of the Royal British Bank is now virtually at an end.
From Chancery and Bankruptcy the creditors have already
obtained 14s. 6d. in the pound, and the balance of the
moneys received by Mr. Harding, the official manager, have,
by arrangement, been added to the assets in Bankruptcy,
in order that a further dividend of 6d. may be immediately
declared.
Since Wednesday last, when the clearances of
wine at the reduced duty of 3s. per gallon commenced, the
deliveries have been extremely large, and the transactions
numerous at firm prices, the shippers at the French ports
being eager sellers. The reduction in the duty on brandy
Came into operation this morning.
THE PREDICTED HIGH TIDES OF TO-DAY AND
To-monnow.—The subjoined letter on this subject, from
the hydographer to the Admiralty, has been received by
Air, Philip Hedger, the dockmaster at Southampton :
"Admiralty, March I.—Sir,—As on the Bth and 9th inst.,
it is predicted that unusually high tides will occur,
caused by the moon being in perigee, and the sun
and moon near the equator, it is desirable that
very careful observations should be made on those
days on the times and height of high and low water.
I have, therefore, to request that you will be pleased
to cause such observations to bo made, and to transmit a
copy of them, addressed to the Secretary of the Admiralty.
A note of the reading of the barometer and of the force and
direction of the wind should adcompany the record
of the observations. A reference to the Admiralty
tide tables will show the height of the tides that may be
expected.--I am, sir, your obedient servant, JOHN WASH,
ixaToN, Hydrographer.—Philip Hedger, Esq." The ex-
traordinary high tides predicted are due to the following
astronomieal causes—viz. :—On the 7th inst., when it is
full moon, the moon is-in perigee, and near the equator;
the sun also is approaching the line. All of these causes
combine to attract the waters of the ocean, and raise
them above their ordinary level. It is probable that
meteorological causes, such as strong gales from the
Southward, will at this port treatly affect the tide, and
cause it to rise to an extraordinary height ; but the astrono-
znicar causes alone will probably only bring the water to
what is called a high spring tide. Every precaution will
be taken to prevent damage in the docks at Southampton,
by using appliances for keeping the water from gaining ac-
cost; to warehouses and vaults.