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

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK. .

The directors of the Bank of England, after a
brief discussion, have again adjourned without
announcing any change in their discount regula-
tions. They refuse to listen to the dictation of
those who, without a knowledge of what is passing
within the establishment, clamour for a particular
line of policy, because it may have been adopted
on former occasions, under somewhat similar cir-
cumstances. The money 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, instead of the " discount-office"
of the Bank. The stock of other securities is
maintained at a satisfactory point, and there can be
110 doubt that the authorities would modify their
replations if they were convinced of the advisa-
bility of an alteration. The next two or three
Weekly balance-sheets will probably prove the cor-
rectness of their views, and the soundness of the
policy they have thought proper to adopt.
. In the Liverpool Cotton Market, yesterday, there
Was no animation, and 6,000 bales were sold, at
lower values. The Railway Share Market closed
quietly, and prices tended downwards.
No perceptible 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 at maturity are expected to re-
present a comparatively small amount, and may be
provided for without causing the slightest influence
upon the discount market.

The meeting of the East India Railway Corn-
Pally took place to-day. Mr. R. W. Crawford,
M.P., the chairman, congratulated the proprietors
on the opening 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, and on the whole he considered the
prospects of the company highly encouraging.
The half-yearly accounts showed the total receipts
of the lines in operation to have been £80,899 Is.
2d., and the expenditure £35,729 7s. 11d., leaving
a balance of £45,169 13s. 3d. The report was
adopted .

We have been requested to state that William
Lemon Oliver, who was charged at the Guildhall,
Yesterday, with having misappropriated £5,000
entrusted to him for investment, is not a member
of the Stock Exchange.
The transactions in public securities to-day have
again been restricted, in consequence of the anxiety
of the operators to . learn the decision of the
Bank Court before extending their engagements.
The uncertainty felt with regard to the regula-
tion of the terms of discount has interfered with
this description of business for several weeks, and
it has, no doubtrprevented the upward movement
;_n values, which might have been expected from the
Foreign
increased abundance of money. The settlement in
Stocks and Railway Shares is being pro-
ceeded with, and the necessary formalities tempora-
IVY Occupy the principal attention of the members.
Very little fresh 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 plentiful in the " House," and loans are
ireely negotiated on Government at 11 per cent.
When it became , known that the mini-
mum had not been reduced, the • funds ap-
Peared a shade flatter, but the movement •
8 unimportant ; with quotations at their pre-
sent high range frequent variation must
be anticipated. Consols are about 981 1 for money;
and 981 sellers for the account. Bank Stock is
'narked 224 ; the Reduced and New 3 per Cents.
have been dealt in at 971 and 971 1. The March
Exchequer Bills are 375. to 40s. prem, ; June ditto,
318. prem. ; New 21 per Cents. are steady, viz.,
821; India Loan Debentures, 994 ; 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
1 pm., being firmer ; Russian 41 per Cents., 1014
102; Sardinian 5 per Cents., 941 ; Spanish New De-
ferred, 304 ; ditto Certificates, 61 4 ; Equador
Bonds, 161 ; Guatemala 5 per Cents., 541; Peru-
vian 41 per Cents. (Uribarren Bonds), 791 801 ;
citto 3 per Cents., 701 ; Portuguese 3 per Cents.,
471 ; Dutch 21 'per Cents., 661; and ditto 4 per
Cents., 101.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
Great western .... lB5B. 1857.
R.,30,425 £29,691
•`.4 rth-Western
SBr;outh_
western
rn
16,263 14,827
kilaud ............
34,328 34,126
tnAth_Eutern
21,157 19,488
Eastern isT9rthern
27,421 26,147
neasture and Yorkshire
-urlatol and Exeter 6,715 6,595
r
I,l,_ste and Holyhead 6,320 6,478
x.r4riehester, Sheffield, and Lincoln
orth-Eastern
olth Stafford
•;',;(_10!d, Worcester, and Wolverhampton. 4,754 4,822
,ipt,riartlepool 3,376 3,350
6ffmnrgh and Glasgow 5,968 6,198
sc77 and South-Western 7,254 7,504
G,ll and North-Eastern
tvina Trunk of Canada
No
at 'Western of Canada
thern of France
In the Railway Share Market the dealings have
beeni, on a very moderate scale. Prices, however,
more firmness. North Western have im-
Proved 58. ; Caledonian, Eastern Counties, Great
Westerns, and South Westerns, 10s. ; and North
astern (Berwick), North Eastern (York), South
Laster'', £l. The Foreign and Colonial lines have
""en 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
14 ; Royal Mail Steam at 621.; and Red Sea
and India Telegraph at 24 4.

Bank -SR FUNDS THIS DAY AT ONE O'CLOCK
auk Stock
3Per Cent. Reduced Annuities 97/ 1 7 k
per Cent. Consols Annuities
-',,."!`;%7 3 per Cent. Annuities
New 21 per Cent. Annuities
Ditto Debentures 99•1
,Ditto Bonds, £l,OOO
Ditto under £l,OOO
Consols for Account 94 p
Exe
heluer Bills, £l,OOO, 2d. &lid... --
Ditto xsoo,March June.
40 37 I 31
Ditto small, lid.
40 37 31
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
trazilian, 5 per Cent.
Ditto, 1852, 41 per Cent. 99 8 I
Ditto 1858, 4k per Cent. 97a t t
quacior New Consolidated
Guatemala, 5 per Cent.
Peruvian, 41 per Cent.
Ditto (Unbarren), 4} per Cent. ' 791 801 Ditto 3 per Cent. .... .. ...
Portuguese, 1853, 3 per Cent.
Russian, 1822, £ St., 5 per Cent .. .. .
47--
Ditto 41 per Cent
Sardinian, 5 per Cent. .......... 94,
z
Spanish per Cent
Ditto New Deferred, 3 per Cent
Spanish Com. Cert. of Coup. not funded.. 61 I
Turkish, 6 per Cent.
Ditto New Loan Scrip 1 Oi
Ditto 2d Issue
Dividends on the above payable in London.
&ustrian, 10 Gu. £, 5 per Cent.
Dutc%. Exchange, 12 Guil. 21 per Cent 661
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.
.. 971 i
971—sellers.

Consols, Money
Ditto Account,

Tut WAR IN INDIA.—We have reason to believe
that there is no truth in the report which was circulated
last BPring, to the effect that the Ranee of Jhansi had sent
"wo persons to treat with the British authorities, but that
these negotiators were immediately hanged. The messen-
gers sent were, on the contrary, well treated.
THE WYNNSTAY TESTIMONIAL.—In addition to
the subscription made throughout North Wales towards a
testimordal to Lady Williams Wynn as a token of
heysym-
on the destruction of Wynnstay, the inhabitants of
of Ruabon, determined to present a separate tzjbute of regard, which .is now ready for presentation to
Watkin and Lady Wynn, in the shape of a magnificent
superbly bound, value 100. The Vicar of Ruabon
rill publicly thenpset the gift, which has been subscribed
01 bY 8,000 of inhabitants of the parish.