The Sun.
London, England, 1858-07-24 00:00:00

B1ON:-:Y-MARKET

Al D

OONIYLERCIAL INTELLIGENCE. 3hr.

CITY, Two O'CLOCK.
The return from the Bank of England, completed
to the 21st inst., is of a satisfactory character, hut
with one or two exceptions, there is little alteration
of importance to notice. The bullion, notwith-
standing the remittances to the continent, has been
segumented to the extent of three hundred thou-
sand pounds sterling. The reserve of notes has
also been augmented by nearly half a million, and
the other securities have been lessened to a small
extent. In the public and private deposits there is
also a slight augmentation, but the active circula-
tion has fallen off to the extent of nearly two hun-
dred thousand pounds. The other items of the
balance sheet exhibit little alteration requiring
special remark. They
: will be seen in the sub-
joined table
Active circulation
Decrease
Bullion
Rest
I.ncrease
3,296 808
Increase
Public deposits
Increase
Other deposits 15,711,905
Increase
Seven-day and other bills
Decrease
Government securities
Other securities No alteration,
15,
Decrease
Notes unemployed
Increase
The alterations demonstrate the continued
quietude of the demand for money, and the appli-
cations in Lombard-street are limited at 21 per
cent. ; it is not likely, however, that there would
be much inquiry at the Bank, where 3 per cent. is
required. At the present time the discount opera-
tions have been confined to those necessary for the
prosecution of trade, which, being dull, absorbs a
comparatively small amount of capital.
About 3,0001,, in gold, was taken into the Bank
yesterday.
In the Foreign Exchanges yesterday afternoon
the rates were rather higher, compared with last
post day.
It appears that the negotiation of the remaining
300,000/, of the New Zealand loan has not been so
successful, up to the present time, as might have
been expected. The capital required is half-a-mil-
lion,, and as our readers are no doubt aware,
the Union Bank of Australia, who superintend
the operation, have agreed to take 200,0001.
of it as an investment on their own account.
The remainder was offered to the public, and the
attraction of a 4 per cent, security, terminable in
80 years, induced many persons to forward applica-
tions for allotments. The tenders were opened
Yesterday, and the prices offered fur every 1001.
stock ranged from 771 to 1091. All the offers
%hove 107, which was the minimum fixed by the
directors, were accepted ; but these only amounted. to
129,000/., although the sum subscribed for at various
quotations represented a total of 1,125,7001. There
consequently remains 171,000/. yet to be sub-
scribed. It certainly appears that the reserve price,
namely, 107, is too high, when Turkish 4 per
cents,, guaranteed by the English, Turkish, and
'rencli Governments, 105 e, with 2
only command
1:31' cent, interest shortly to be deducted. Moreover
it must be remembered that the market for these
4,5 W Securities will not offer the same facilities as
that established for the Turkish 4 per cents.
The Liverpool Cotton Market yesterday mani-
fested a very quiet appearance, but prices were
without any alteration of importance. The sales
Were estimated at 7,000 bales, 1,500 of wh;ch were
taken on speculation and for export.
Since Monday last the imports of specie have
been about 157,3991., and the exports 53,8401.,
exclusive of the following shipments direct from
London to the continent during the week ending
Thursday last
Gold Coin Boulogne ... 60 OZ3.
Bars Belgium ... 1000 Silver Coin Boulogne ... 600 „
The Board of Trade Returns for the six months
ending the 30th of June have just been published.
The total exports from the United Kingdom during
this period amounted to 53,467,8041. against
60,826,381/., showing a falling off of 7,358,5771.
tiliere was a decline in earthenware, haber-
„ashory and millinery, hardware and cutlery,
thmen manufactures, metals, salt, silk manufactures,
rown silk, British spirits, sheep and lambs
201) and woollen manufactures. Tee imp )rts
;ere larger as regards:cocoa, coffee,
wheat, flour,
eve cotton, hides, palm oil, and provision 3, but
there was a falling
.off in live animals, frvit,
aw silk, tea, tobacco, wine, and sheep and lambs'
Woo).
the shipping returns show a slight increase in
the tonnage of vessels employed in the foreign
trade for the entries inwards, but the clearances
outwards exhibit a slight diminution.
...eAs usual on Saturday, there is very little busi-
'!".s, and the operations in most departments are
chiefly of a routine description.
.19.. t the Stock Exchange there is little animation.
The speculative transactions have been circum-
scribed, but owing to a little realising prices have
ibnen less buoyant. A decline of per cent. has,
wet, taken place, Consols having been 951-4 96,
'whereas late yesterday afternoon they were 96 -.
tee New Threes and the Reduced are about 961 ;
March Exchequer Bills, 38s. prem., and the
tle ditto 238. to 265. prem. Bank Stock is 225
to 220,

„ rather limited business has been transacted in
T
Foreign Stock Market,
111116/1 6 per Cents, are 941 95i ;
and prices are heavy.
Spanish 3 per
°mats., 431 ; ditto Deferred, 27i ; Peruvian 4i
rCents., 891 ; Sardinian 5 per Cents., 90 ;
razilian 5 per Cents., 103 ; ditto 41 per Cents,
(11858), 94 96 ; ditto Scrip, I dis. to par ; Buenos
r,ents. Ayres 6
391 per Cents., 80 ; and Venezuela 5 per
-d,
it A very limited business has been done in the
altilwaY Share Market this morning, and prices
ntdeclined to the extent of abcut to 1 per
l. North Western, South Western, and
'ldlarld have declined 10s. ; South Eastern, 10s.
to 15s , and Caledonian 1/. ; Great Western im-
Proved about ss. The foreign and colonial
Undertakings Were dull, and exhibited little
variation in prices. Paris and Lyons improved
about 55., and East Indian 58. ; Joint Stock
Bank and Miscellaneous Shares have been rather
actively dealt in at or about former quotations.

811 i

VISH FUNDS.—CLOSING PRICES—THIS DAY,
(Prom the Official List:)
liaLlz Stock . . 226 5
Tl'eo Per Cent. * ii.;&;,:fl '''''''
Tilt,fe's ' (:6il zl-
An
s
lie
Per • ;Grit. 11,Ing.m, nuities 964 54
Lon Threeu Cent. Annuities
tees Ann, expire sth Jan. 1860
Ditto 30 Years ex rire sth A 1 1885 1”,
India ;took ' ' 1 P
•'
Ditto Bonds, £lOOO Di t, under Elilisti
Consols for Account 15
ktehequerßills—
-96 51
March. June.
21000
.. .................
.....
............ 33 26 3
2500
Sinai
35 23 6
..,. FOREIG?•.I FUNDS.—THIS DAY.
zrazilian 5 per Cent ............................. 11)3
Ditto 1858, 4:1 per Cent. ................
tunes Ayres Bonds, 6 per Cent.
............ 80
95& 6
Peruvian Bonds, 0 per Cent
Ditto Account
Sardinian 5 per Cent
Ditto Account
~,
__.
Jesulisli }lovas, *.; per Cont.
Ditto Account,
Di•-to Now Deferred, 3 per Cent.
Ditto Account 27.1;
Tillitish Bonds, 6 per Cent.
A 3
. Ditto, Account
Venezuela Bonds,s per Cent
Ditto Account S9.I •I
TWO O'CILOC. K
95/ 6
Consols, money
Ditto 'moue
951 6

of Juadvices from the Cape of Good Hope to the 11th
ne we observe that the royal mail steamship Phoebe
had artived out in 34 days and 12 hours from Plymouth. The vessels f this line have done their work ex,remely
wanderB. ell, and greoat credit is due to their owners and ce-
th The rnY have never exceeded their contract
under it.
time, and in almost every instance have been a weep
mice of the This contrasts strangely with the pelform"
prey icus contracts for the conveyance of the
Cape mails. It is greatly to be wished that the Austra-
lift *mice could be carried on with similar regularity.