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

MONEI MARKET AND CITY NEWS.

CITY, Two o'CLocK,

The demand for discount accommodation gene-
rally increases towards the end of the year, in con-
sequence of the settlement of old accounts, and the
preparations which are entered into for the spring
trade. At present quietude is still one of the prin-
cipal features of the money market, the exceslive
abundance of the supply admitting of a large
absorption for financial operations, as well
as for commercial purposes, before the
rates charged for negotiating mercantile bills are

sensibly affected. Symptoms are now apparent,
which lead to the impression that bankers and
others will speedily be enabled to secure better em-
ployment for their accumulated resources ; trade,
as well as joint-stock enterprise, being conducted
vrith more spirit than at any period since the crisis.
With the steady growth of confidence, money will
necessarily be drawn into circulation, and, as a
natural result, the remaining supplies must be pro-
portionately enhanced. By this process, the public
may expect a rise in the rate of discount, as the
inevitable consequence of renewed activity in the
commercial world. The improvement, up to this
time has been slow, but upon the whole
it has proved as satisfactory and extensive
as could have been reasonably anticipated,
looking at the violent and almost universal cha-
racter of the revulsion of last year. The recovery,
however, seems likely to obtain greater celerity
during the next few months, owing to the favour-
able advices from various foreign and colonial
markets. It, therefore, cannot excite surprise
if the upward tendency of the terms of discount
now observable should continue, although some
time may elapse before there is any important
advance in the minimum. The present charge in
Lombard-street for first-class bills varies between
21 to 21 per cent., and the Bank authorities, owing
to this fractional advance, have already obtained a
larger amount of discount business.

The traffic returns of most of the principal lines
of railway in the United Kingdom continue to show
an improvement when compared with the corres-
ponding period of last year. A further proof is
thus afforded of the increasing activity cf business.
In France the same indications are also exhibited.
The last weeks's railway receipts, ascertained up
to this day, are, in round figures, as under :

1858.
Great Western
North-Western
South-Western
Brighton
Midland • 32,650
South-Eastern
Great Western
Lancashire and Yorkshire
Bristol and Exeter
East Lancashire 6,117
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln
North-Eastern
North Stafford
West Hartlepool 3,042
Edinburgh and Glasgow
Glasgow and South-Westem
Grand Trun of Canada 10,885
Great Western of Canada 9,681
Lombardo-Venetian
Northern of France

The Scotsman states that " the liabilities of the
Edinburgh and Glasgow Bank have been reduced
to £275,000, which is the sum now due by the bank
to the Clydesdale Bank, and the manager of the
Clydesdale holds ample assets in his hands, in the
shape of cash accounts, bills discounted, and other
sums duly coming in, not only to meet all the lia-
bilities, but to form a fund for distribution to the
shareholders, and this in addition to all the bank
buildings, which are still undisposed of."
The Liverpool Cotton Market, yesterday, closed
quietly, and prices were fully supported. The sales
amounted to 9,000 bales. In Railway Shares a
fair amount of business was transacted, but values
tended downwards.

The Euxine, with the China and Calcutta mails,
arrived at Marseilles this morning, and the letters
are expected in town on Saturday morning.
A sudden improvement has taken place in the
market for Public Securities. The opening
quotations denoted heaviness, but a rumour has
since been circulated that a large reduction of
the French army is about to take place, and
speculative purchases have been made in conse-
quence. The decline of 1 per cent., which took place
yesterday afternoon, has been recovered, and the
Market presents rather an excited appearance.
Consols are 98,1 for money, and 981 for account.
Bank Stock is 225. The New Throes are 961 4 ;
and Ethe Reduced, 961 y ; Long Annuities, 1860,
1 3-16 ; ditto, 1885, 184- 1. The March Exchequer
Bills, 345. to 375. prem.; June ditto, 28s: to 295.
prem. ; and the Bonds, 1001. India Loan have
been deal in at 99 1 for the first issue, and 991
for the second ditto.
Business in the Foreign Stock Market is rather
active, but prices tend downwards. Turkish 6 per
Cents. are 921 1 ; ditto Scrip, Ist issue, par.; ditto,
2d, 1 ,1 prem., being depressed; Buenos Ayres
6 per Cents, are 831 ; Peruvian 41 per Cents.,
911 1; ditto Uribarren, 85 ; ditto 3 per Cents., 731;
Portuguese 3 per Cents., 471 ; Sardinian 5 per
Cents., 941; Dutch 4 per Cents., 1004 ; and
Spanish Passive, 10.
The dealings reported to-day in the Railway
Share Market have not been very extensive, and,
notwithstanding the favourabie character of the
traffic returns of many of the principal lines, prices
have been slightly influenced by the heaviness in
the English Funds. Eastern Counties, Great
Westerns, Midlands, North British, and North
Stafford have declined 55., North-Eastern (Berwick)
and South-Eastern 15s. The Foreign and
Colonial lines have been at rather improved quota-
tions. Paris and Lyons have advanced ss. ;
Northern of France, 10s. ; and Lombardo-Venetian,
ss• Geelong and Melbourne have improved 55.,
and Grand Trunk of Canada, Great Western of
Canada, and East Indian, realised former values.
Joint-Stock Bank shares are inactive, but sustain
former rates.

In the Miscellaneous Market Atlantic Telegraph
shares are dealt in at 340, Australian Agricultural
at 341 341, Electric Telegraph, 114, and Peninsula
and Oriental Steam, 861.

BRITISH FUNDS—CLOSING PRICES.
Dank Stock
,s 3 Per Cent. Reduced Annuities Milli
d per Cent. Consols Annuities
New 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 1 3-16
Ditto 30 Years, expire 10th Oct., 1860 l5-16
Ditto 30 Years, expiro sth Apr., 1885.. 181 1 1 1
India Stock
Ditto Debentures 994 1
Ditto 2d Issue
2/
Ditto Scrip, 2d Issue
Consols for Account 9Bl 1
March J uno.
Exr.heriuer Bills, £l,OOO, 2d. &11d... 34 3 6 1 29 8
Ditto Small, lid.
Ditto Bonds, 1859, 31 per Cent

FOREIGN FUNDS—CLOSING PRICES. •
Brazilian 5 per Cent.
Ditto 1858, 4k per Cent. 971 i
Buenos Ayres, 6 per Cent. ..
Ditto Account
,Chilian, 6 per Cent. lO5
eertivian, 4/ per Cent.
Ditto Account
Ditto (Uribarren), 4/ per Cent.
Ditto 3 per Cent. —
Ditto Account
-Portuxuese, 1853, 3 per Cent.
, Ditto Account
Russian 1822 £ St., 5 per Cent ll4
7
941 4
5 per Cent
Sardinian, per Cent. —
101
Spanish Ditto Passive
"IPanish C Cert. of Coup. not funded 6
1, , . Corn.
ur",°ll, 6 per Cent.
Ditto New Loan Scrip —
Ditto Account
Dividends on the above payable in London.
D Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.
Peruvian Dollar Bonds, 41 per Ct. Ex. 4s Bo}

Consols, Money
Ditto Account .

THREE O'CLOCK.
981
981

1, GIFT FRO3I THE QUEEN.—A Mrs. Sutton, of
4.76rit, 'Wilts, who was recently delivered of three
-,.lAdren at one birth, has received the sum of £3, the gift
°I her Majesty the Queen.
ON SHIPBOARD.—DEAE,Nov. 10.—The Od,
fßode, from Oporto to Riga, with cork and reeding
ed in the Downs wt urge on. fire, wile proc
von? for Rate