The Sun.
London, England, 1858-11-20 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

The return from the Bank of England for the
week ending the 17th inst. shows some very favour-
able features. The bullion, owing to the falling
off of the demand for the Continent, and the slight
addition made by part of the gold brought by the
Lincolnshire, shows an augmentation. In the re-
serve of notes there is an increase of nearly half a
million, the circulation having been curtailed.
The variation in the other securities is unimportant,
showing that, notwithstanding the Bank minimum
is higher than the rate current out of doors, there
still continues to be a fair amount of business
transacted at the national establishment. In the
private deposits there is a slight increase, and the
public deposits also show a gradual accumulation.
In the other items of the balance-sheet there is
little change of importance ; they will be seen in
the subjoined table :

Active Circulation .. .. .. 120,733,055
Decrease .. •• •• .• 255,980
Bullion .. .. .. .. .. 18,638,916
Increase .. •• .. 136,089
Rest .. .. .. .. 3,144,886
Increase .. •• •• •• 4,794
Public Deposits .. .. .. 6,821,973
Increase .. .. .. .. 148,392
Other Deposits .. .. .. 12,561,558
Increase _ _ .. .. 279,876
Seven Day and other Bills .. _.. 819,068
Decrease .. .. • • • • 18,682
Government Securities .. .. 10,808,591
Decrease .. .. • • • • 876
Other Securities .. .. .. 14,711,033
Increase .. .. • . • • 13,311
Notes Unemployed .. .. .. 11,766,315
Increase .. .. .. .. 438,935

As will be seen by these particulars that the de-
mand for money continues limited, the active circu-
lation having diminished. In the general market the
inquiry during the last few days has become much
quieter, and, owing to the plentiful supply, first-
class bills are again negotiated as low as 21 per
cent. The opinions lately expressed that a reaction
was about to take place in the tendency of financial
affairs, are thus proved to have been premature, and
as far as can be judged from present indications,
there is no immediate probability of any movement
of the kind. It is true that a large number of
engagem6ts have to be met during the next few
weeks, Which will absorb an important aggregate
amount; but it is imagined that the resources o
the market will bear its withdrawal without
seriously affecting the value of accommodation.
In the Liverpool Cotton Market yesterday a fair
amount of business was transacted, at full rates
The sales were estimated at 8,000 bales. The Rail-,
way Share Market closed with a dull appearance,
but prices tended upwards.
_ _

Arrangements have been made for holding an
Australian Exchange at the Jerusalem Coffee-house,
at. two o'clock daily, until negociations, now pend-
ing, for carrying out the project on a larger scale,
are completed. An institution of this kind has long
been required, and the temporary accommodation
thus afforded by Messrs. Harper and Burne, is
highly approved by parties connected with the
colonies.

Since Monday last the imports of specie have been
about £236,000, and the exports £171,756, exclu
sive of the following shipments, direct from Lon-
don to the Continent, during the week ending
Thursday last :—Gold coin (Boulogne), 280 ozs.
gold coin. (Belgium), 1,591 ozs. ; gold bars (Bel;
gium), 4,000 ozs. ; silver coin (Boulogne), 3,200 ozs.
The English Stock Market has continued very
dull, but the few transactions recorded have not
caused any variation of importance in. values.
Consols have been 98,1 for money, and 981 -
for the account. Some support has been given to
the market by the Bank Return and the increased
easiness of the money market. Bank Stock has
been dealt in at 225. The New Threes and the Re-

duced Annuities at 96i S ; the New 21 per Cents.
-are flat, at 82 ; the March Exchequer Bills are 365.
prem. ; June ditto, 325. prem. ; and the Bonds
1001; India Loan Debentures, 991 a; and the
Bonds, lls. to 14s. prem.

Foreign Securites are moderately active, and
prices are firm. Turkish 6 per Cents. are 921 93 ;
ditto Scrip, Ist issue, dis. par; ditto 2d, 1- to 1
prem., being steady. Russian 5 per Cents., 113 i
114 ; Venezuela 5 per Cents., 41 ti ; Belgian 41 per
Cents.,• 1001 x ; Dutch 21 per Cents., 661 ; and
ditto 4 per Cents., 1011
4.

In the Railway Share Market the transactions
have been on a very limited scale. Caledonians
have improved about 15s. ; and North-Westerns,
.10s. ; Midlands declined ss. ; and North British,
ss. ; Lancashire and Yorkshire, Brighton, North-
Eastern (Berwick) and South-Eastern were at about
former rates. The Foreign and Colonial under-
takings have been almost at nominal rates. East
Indian have receded ss. to 10s. ; and Great Indian
Peninsula, ss. ; Great Western of Canada brought
previous rates.

_
Joint Stock Bank and Miscellaneous Shares have
been in very limited request. National Bank
brought 40. Atlantic Telegraph shares have been
dealt in at 320 to 325, and Peninsula and Oriental
Steam at 86k.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities
981
3 per Cent. Consols Annuities
Now 3 per Cent. Annuities
New 2} per Cent. Annuities
India Stock
Ditto Debentures 991 I
Ditto Bonds, £l,000
Ditto under £l,000
Consols for Account 9Bl
March June.
Exchequer Bills, £l,OOO, 2d. &lid... 36 1
Ditto Small, lid
Exchequer Bonds, 1859, 3f per Cent. lOOl 1

FOREIGN FUNDS—CLOSING PRICES.
Brazilian, 5 per Cent.
Ditto 1858, 4/ per Cent. 9B/
Greek 5/
Peruvian, ft per Cent.
Ditto (Uribarren), 4/ per Cent.
Russian, 1522, £ St., 5 per Cent ll4 131
Turkish, 6 per Cent. ..
Ditto Account
Ditto New Loan Scrip
Ditto Account
Ditto 2d Issue
Ditto Account
Venezuela, 5 per Cent.
Ditto Account
Ditto Deferred 2 per Cent. l5,
Dividends on the above payable in London.
kustrian, 10 Gu. A 5 per Cent IP
Belgian, 4/ per Cent., Ex. 25f looj k
Dutch Exchange, 12 Guil. 2i per Cent 66i
Ditto Certificates, 4 per Cent.

TWO O'CLOCK.

Consols, Money
Ditto Account 9Bl

MINES.—The little flashes of excitement which
burst out now and then, and lead us to expect a reaction
that shall last, and break up the dull monotony that has so
long continued in the general as well as in the Mining
Market, have not yet led to the results we have looked for.
Business to a certain extent is doing, and inquiries are made
almost daily for mining investments as well as for mere
speculations, but not, en the whole, to the amount that we
might reasonably, looking to the abundance of money and
001 l price of metals, have expected by this time.—. Mining
Journal of this day.
NEW INDIAN RAILWAY.—It is a good omen for
Bengal railways that the Government in India has con-
sented tc guarantee five per cent. on the Mutlah Rail-
way, the capital far which is estimated at a quarter of a
million. It may well be called an important under-
taking, for by uniting Calcutta at once with a good
harbour on the Mutlah, having ready access to the sea,
and only thirty miles land carriage, it will render valu-
able services to the trade of Calcutta. The cost of car-
rying :goods by the railway from the new town of Port
Isiutiah to Calcutta will be about 55., and the railway fares
for passengers will le moderate. The distance is an hour's
run. The commercial traffic will be enough to pay, but part
of the suburbs of Calcutta through which the line passes
are populous, and will afford a good return. The Mutlah
line and harbour heve had to contend wtth much discour-
agement, but now both are under favourable auspices. The
union of the Mutlah line with the East Indian, by a bridge
across the Hooghly, will be a most desirable measure.—
Leader.
How TO LEARN HINDOSTANEE.—The promoters
of the use of Roman type in India have obtained the pub-
lication by Longman of a cheap Hindostanee manual at
half-a-crown, and by the Bible Society of a Hindostanee
testament at once shilling, of which thirty thousand copies
are to be printed ; part of these are to be English and
Rindostanee, so as to favour the study of liindostanee
by persons about to proceed to India. As is
well known by philologists and linguists the New
Testament is one of the best books from which an adult
can learn -a language, as being known to the learner,
it supplies its own vocabularly and dictionary, and a prac-
tical grammar, furnishing a good stock of words ; and the
• pronunciation being afterwards acquired, and the grammar
briefly studied, the learner is in a position to read common
worka, to write a little, and begin his pulctice in conversa-
tion, for practice is the main, thing in -learning a language
for speaking. There can be no doubt many a man, even
among common soldiers, will on his'way out obtain a con-
versance with Hindostanee, which his camp intercourse
will improve, and he will become qualified as an interpreter,
and to engage irt. civil pursuits and uncovenanted employ-
ments, otherwise; beyond his capacity.—. Leader.