The Sun.
London, England, 1858-09-08 00:00:00

MONEY MARKET AND CITY NE WS.

CITY, Two o'CLocx.

The influx of gold into the Bank of England
continues without interruption, and the Return in
next Friday's Gazette is expected to show a consi-
derable increase of bullion. • About £140,000 was
sent in yesterday, and as fresh arrivals are announced
from Australia, further additions to the general
stock of the precious metals may be expected be-
fore the end of the week. Altogether about a mil-
lion and a quarter sterling is in course of transmis-
sion from Victoria ; and the imports of specie dur-
ing the next month or two will, no doubt, be
augmented by supplies from Russia, Mexico, and
the United States. Meanwhile, the exports are
likely to continue very restricted.
There is now much less activity in the demand
for discount accommodation in Lombard-street,
notwithstanding the payment of the Turkish loan
instalment and the settlement at the Stock Ex-
change. It appears that the commercial inquiry
continues moderate, the increase of business
not being yet sufficiently extensive to create
much additional absorption of money. Satis-
faction is expressed at the steady influx
of gold at the Bank of England, as it may
have an important effect in preserving the discount
market in its present easy condition. The payment
of the dividend will shortly have a beneficial influ-
ence in this respect, so that there is no immediate
expectation of any permanent alteration in
the terms of accommodation. Although an-
other failure, namely, that of Messrs. J.
Plowes and Co., merchants, has taken place, it has
not occasioned much apprehension, and respectable
firms find no difficulty in obtaining every assistance
they require in the discount market. It is, never-
theless, rather unfortunate that so many misfor-
tunes, have simultaneously occurred, but with the
continued depression in produce such catastrophes
can scarcely excite surprise.
About £150,542 in specie has been announced
this morning—viz., £134,000 by the Hougomont
from Australia ; £4,542 by the Indus from Alexan-
dria ; and £12,000 by the Great Britain, from New
York.
In the Cotton Market at Liverpool yesterday there
was more animation ; 10,000 bales were disposed
of, and prices tended upwards. The Railway Share
Market closed firmly, and quotations were fully
maintained. _ _

The advices from most of the manufacturing dis-
tricts continue favourable, extensive orders being
given out on export account.
The sum subscribed for the sufferers by the
Western Bank of Scotland already amounts to
£8,736. •
A further slight improvement has taken place in
the market for English Securities. The transac-
tions are not very numerous, but they are indicative
of increased confidence among the speculators.
Consols have risen to 963 97 for money, and 97
to 971 for account in October. Several small pur-
chases for investment `have been made. The New
Threes and the Reduced Annuities, 9711, being
firmer ; India Loan Debentures, 981; ditto Scrip,
second issue, 971 e ; dttto Bonds, 15s. ; the March
Exchequer Bills, 31s. -to 345. pm. ; and Bank
Stock remains steady •at 2281 to 229.
In the market for Pareign Securities rather more
business is recorded, and a few important alterations
have taken place in prices. Turkish 6 per Cents.
are 951; ditto 4 per; Cents., 1041; Mexican 3 per
Cents., 21-7, ;Peruvian 41 per Cents., 90 ; Portuguese
3 per Cents., 461 ; Russian 41 per Cents., 1001 a ;
Sardinian 5 per Cents., 911 92 ; Dutch 21 per
Cents., 651 66 ; Spanish 3 per Cents., 4& ; ditto
Deferred, 291 ; and ditto Passive, 101.
The excitement among the speculators in the
New Turkish Scrip has entirely subsided. Exces-
sive sales are no longer effected, and the first in-
stalment, making 16 , per cent., having now been
paid, the market will, no doubt, henceforward
present a more settled appearance. The price has
been a to per cent. discount, but as very large
engagements are still open, there is a prospect of a
further advance when they come to be completed.
A considerable amount has yet to be bought back,
and the effect of this operation is already beginning
to exhibit itself. In the meanwhile the 6 per
Cents. are now firmly maintained—at least 11 per
cent. higher than the New Scrip, which appears
to be scarcely justified by the difference in the in-
trinsic values of the two securities.
There has been a very limited business done in
the Railway Share Market, but prices are rather
firmer. Eastern Counties and North-Eastern (Ber-
wick) have improved 15s. ; North-Eastern (Leeds),
10s. ; and Great Western, Lancashire and York-
shire, North-Western, Manchester, Sheffield, and
Lincoln, and Midland, ss. In the Foreign and
Colonial Market no change of importance has taken
place. Paris and Lyons have improved 55., and
East Indian declined 10s. The Canadian lines
were flat.
Mining shares are quite neglected, no buisness
haring been reported.
Joint-stock Bank shares are also at almost
nominal rates. London and Westminster declined
55., and Ottoman Bank ss.
In the Miscellane-ous Share Market prices have
shown little alteration. National Discount Com-
pany are at 4 ; Royal Mail Steam, 61 to 611, ; and
Crystal Palace, 11.- Red Sea and Indian Telegraph
are dealt in at 252-.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth April, 1885 lB 13-16
India Stock
Ditto Debentures, Ist issue.9Bl
Ditto Scrip, Ist issue
Ditto Bonds, £l,OOO
Ditto under £l,000
Consols for Account,' 12th Oct 97 1
March! J line.
Exchequer Bills, £l,OOO, 21d
Ditto Small, 11d.

FOREIGN FUNDS—CLOSING PRICES.
Mexican 3 per Cent —
Ditto Account
Peruvian, 41 per Cent.
Ditto Acdount
Portuguese, 1853, 3 per Cent. l46k
Ditto Account
Russian, 1822, £ St., 5 per Cent •
Ditto 41 per Cent.
Sardinian, 5 per Cent. 92 11
Spanish 3 per Cent
Ditto Account

Ditto New Deferred, 3 per Cent. —
Ditto Account
Ditto Passive
Turkish, 6 per Cent.
944 6 5
Ditto Accountl
Ditto Guaranteed, 4 per Cent.
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 2i per Cent 6si 6
THREE O'CLOCK
Consols, Money
Ditto Account 97 k