The Sun.
London, England, 1858-11-09 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

In the Foreign and Colonial Produce Markets,
during the last few days-, there has been very little
activity. Tea has been steady, and in sugar the
dealings have been extremely limited, at about
former quotations. In coffee scarcely any busi-
ness has been done, and prices are unaltered.
Rice has been at steady rates, and there
has been a rather active demand for new
fruit, both currants and raisins having been
dealt in at improved values. Saltpetre has been
dull, and in tallow the transactions have been
limited. The public sales of colonial wool continue
to progress very satisfactorily, the rates current at
the opening being fully supported.
The Liverpool Cotton Market, yesterday, closed
steadily, and prices were fully maintained. The
sales amounted to 10,000 bales. In Railway Shares
a fair amount of business was transacted at im-
proved quotations.
The demand for gold on Continental account
Continues active, and it is presumed that a large
proportion of the specie received yesterday from
Australia and America, amoun gag in all to about
£576,000, will be purchased by the exporters. By
this means their immediate requirements will at all
events be satisfied, and two or three days having
elapsed without any withdrawals from the
Bank beihg reported, it is imagined that the
efflux will not be resumed at present.
Besides the remittances shortly expected from Vic-
toria small consignments continue to arrive from
Russia, but as the navigation will soon be closed,
these supplies are likely to be suspended, or very
much curtailed.

The opeiations in the Money Market still denote
an increased demand for discount accommodation.
Numerous heavy calls have to be paid this month,
on account of loans, railways, and other en gag ements,
which must absorb a considerable aggregate amount.
Full rates are, therefore, likely to prevail, and many
anticipate a further fractional advance. The return
to a higher rate, however, would not interfere with
the recovery in trade, which appears to be making
favourable progress in all directions. It is desirable
that this movement should not be forced, but
allowed to follow the improvement in dist ant
markets as the only sure process of securing
a healthy and profitable state of trade. The ad-
vices received yesterday from Australia warn
shippers on this side to restrain their export ope-
rations, as the markets could not bear the excessive
suPPles which had lately arrived. The intelligence
from America, India, and China leads to the infer-
ence that a vast field will soon be opened to the
enterprise of our merchants, and they will, no
doubt, find it greatly to their advantage to act
cautiously, and regulate their transactions by the
requirements for immediate use and consumption.
Silver continues in active demand for trans-
mission to the East, and the quotations still exhibit
an upward tendency:

At the Bank of England yesterday no bullion
operations of importance took place.
The steamer Tyne, which leaves to-day for the
Brazils; will take out specie to the amount of
X 9,500.
The market for Public Securities continues very
firm, but the members are chiefly occupied with the
liquidation of the account, which is progressing in
a satisfactory manner. The few transactions
entered into for. the December account indicate in-
creased confidence amonc, the speculators, who have
no doubt been encouragedu by the arrivals of gold
and the check that has been given to the drain
from the Bank. Consols have risen to 981 for
?honey, and to 981,- 1- for December. The New Threes
and Reduced are marked 961 and Bank Stock
2251. The 5 per Cent. Annuities have been dealt
in at 117 ; Exchequer Bills, March, 355. to 38s.
Prem. ; ditto, June, 295. to 325. prem.; and India
Loan. Debentures of the second issue are 991 &.
Business in the Foreign Stock Market is moderately
active,
and prices are rather firmer. Turkish 6
per Cents. are 93 1 ; ditto Scrip, Ist issue, has ad-
lianced to f; prem. ; ditto, 2d, to 11 21 prem. ; Sar-
dinian 5 per Cents., 94 ; Mexican 3 per Cents.,
20% ; Peruvian 41 per Cents., 911 92 ; ditto Uri-
barren, 84-1 85 ; Brazilian 5 per Cents., 1021 103 ;
and•Buenos Ayres 6 per Cents, 80 81.
In the Railway Share Market about an average
amount of business has been done, 'and prices in
several instances have shown a slight improve-
Mont.- Eastern Counties, Great Western, Lanca-
shire and Yorkshire, North Western, and Midland,
advanced 10s. ; Caledonian, 15s. ; and Great
Northern and South Eastern, £l. In the Foreign
and Colonial Market prices were steady. Paris
and Lyons improved 55., and Great Indian Penin-
sula ss. Grand Trunk and Great Western of
Canada brought former rates.
Joint-Stock Bank and Miscellaneous Shares
show little variation from previous values. London
and Westminster have declined 'ss., and Colonial
improved ss. Electric Telegraph and Peel
-"lver Land were dealt in at former quotations.

Bank BR PRICES.
FUNDS—CLOSING PRICES.
Stock • }
3, Per Cent. Reduced Annuities
22
NWer Cent. Consols Annuities .9
I f I
ev 3 per Cent. Annuities
6 W2l per Cent. Annuities
.r per Cent. Annuities ll7
41:1".g Annuities expire sth Jan., 1860 1 3-16
-,,,-,ndia Stock '
Ditto Debentures
!ttitteo 2d Issue • 99
9
t.l Bonds, 4,000 •
'gift° under Ll,lOOO
‘,onsols for Account
Itx 1, March J lino.
•r‘' -c-'(xlii r Rills £1 000 2d. &lid.. , 3,5 4 8 29
..,,,,itto .j " ' 37 32
Ditto Small, lid.

',,,,
razilian FOREIGN FUNDS—CLOSING PRO 2 ICI
3ES.
per Cent . 1
, Ditto 1858, 4-t per Cent. 971 i
zuenos Ayres, 6 per Cent
Ditto Account
Greek..
Alexican 3 per Cent —
Ditto Account
Peruvian, 41 per Cent.
Ditto (Uribarren), 4} per Cent.
Sardinian, 5 per Cent.
Ditto Account
Turkish, 6 per Cent.
Ditto Account
Ditto New Loan Scrip —
Ditto Account
Ditto Scrip 2d Issue e
Ditto Accoiint .. 1 P

Dividends on the above payable in London.
Mitell Exchange, 12 Guil. 2/ per Cent
Ditto Certificates, 4 per Cent.
Peruvian Dollar Bonds, 4/ per Ct. Ex. 4s BO
THREE O'CLOCK.
Consols, Moriey
Ditto Account, Nov 10 9B/