The Sun.
London, England, 1858-01-16 00:00:00

MONEY MARKET

e3D

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

The return from the Bank of England for-the
week ending the 13th inst. is of a very satisfactory
character. The stock of bullion now stands at
over thirteen millions ; and in the reserve of notes
there is an increase of nearly half a million, not-
withstanding the payment of the dividends. The
other securities have run off to the extent of over a
million and a half. In the public deposits there is
a decline of about four millions, consequent upon
the distribution of the dividends ; but this is in some
measure balanced by the augmentation in the
private deposits. The active circulation is larger
by one hundred and seventy thousand, and in the
Government Securities there is an increase of about
one million and a half. The principal items and
the changes they present are shown in the follow-
ing table :
Active circulation

Increase
Bullion

172,725
13,357,107

Increase
Rest 3,653,418
Increase
Pablic deposits
Decrease
Other deposits 19,124,733
Decrease
Seven-day and other bills
Increase
Government securities
Increase
Other securities
Decrease
Notes unemployed
Increase
These changes, which are more favourable than
was anticipated, will prepare the public for another
reduction of the rate of discount. It is prepos-
terous that the minimum should be maintained at
Piper cent. when the Lombard-street firms are only
charging 4, and in many cases 3i per cent. The
Bank are now following the market, instead of lead-
ing it, and their quotation is merely nominal, since
the increased facilities offered out of doors deprived
them of business. A reduction to 4 per cent. is
looked for next week, especially as the specie con-
tinues to flow in with unabated rapidity.
A large amount of gold was taken into the Bank
to-day, viz., about 160,0001., the greater part of
which was brought by the Teviot.
The Foreign Exchanges yesterday were generally
rather lower.

Accounts from Liverpool state that the Cotton
Market yesterday closed quietly at rather lower
rates. The sales were estimated at 4,000 bales.
Railway shares presented a flat appearance and
prices were without alteration.
Since Monday last the imports of specie have been
about 518,0331., and the exports 60,000 exclusive of
the following shipments direct from London to the
Continent, during the week ending Thursday last :
Gold Coin Hambro 16 Om
Boulogne ... 60 „
Silver Coin Hambro ... 75,000 „
~ 1,
A meeting of the creditors of Messrs. Albert
Pelly and Co. was held to-day, at which the state-
ment exhibited—claims, 36,3161. ; and assets,
85,7411. The surplus was 49,4251. The solicitor
proposed, on the part of the firm, to pay 20s. in the
pound, by four payments of ss. each, at 6, 12, 18,
and 24 months, with interest. It was agreed to
accept the proposal, and no inspectors were deemed
necessary.
The market for English Securities has been very
inactive to-day, but the quotations have been well
maintained. Some support has been given by the
favourable Bank return, and although the specula-
tors for a rise do not extend their engagements,
operators are equally disinclined to effect sales.
Consols for money have been 94 and for
account 941 The New 3 per Cents. are 94i to
95, and the Reduced 944 4. Bank Stock is 222,
and India Do. 224. Exchequer Bills are 21s. to
245. premium, and the Bonds 991 100. India
Do., 15s. premium.
Business in the Foreign Stock Market is very
dull, and prices!remain without alteration. Turkish
43 per Cents, are 98 981, and the 4 per Cents.
aominal ; Buenos Ayres 6 per Cents., 96 97 ; Gre-
nada Deferred, 54 ; Mexican 3 per Cents., 205 ;
Peruvian 4i per Cents., 774 ; Portuguese 3 per
Cents., 44i ; Russian Small Bonds, 991 ; Vene-
zuela 44 per Cents., 34 ; Dutch 21 per Cents., 65 ;
and ditto 4 per Cents., 991.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 516; Mexican,
204 i; Peruvian, 78 80 ; Portuguese 3 per Cents.,
44 45 ; Russian 5 per Cents., 108 110 ; Ditto 41
per
.Cents., 98 100 ; Spanish 3 per Cents., 41 41i ;
Ditto Deferred, 25i 61.
Business in the Railway Share Market this
morning was very inactive, and the few transac-
tions entered into exhibited little variation of
importance. Eastern Counties and South-Westerns
improved ss. ; Edinburgh and Glasgow, 10s, ;
and Brighton, 11. Midland declined 55., South
Wales 10s., North British 155., and Great
Western 1/.
The Foreign and Colonial lines were in limited
request. Grand Trunk of Canada have declined
about 11. Great Western of Canada, East Indian,
and Great Indian Peninsula realised former quo-
tations.

Mining Shares were quiet. South Wheal Frances
were dealt in at 200, and North Wheal Crofty at
13/ 14k.

Joint-Stock Bank and Miscellaneous Shares were
at steady quotations, but business was inactive.
Union of Australia declined 10s. ; National Dis-
count Company, and Peninsular and Oriental
Steam, realised former quotations.

BRITISH FUNDS.—.CLOSING} PRICES--THIS DAY.
(Prom the Official List:)

Ssnk Stock
IS per Uent. Reduced Annuities 94222
i
3 per Cent. Console Annuitie5,,,,,,,,,,,,,,, 948
New 3 per Cent. Annuities 95 4i 5
Long Annuities, expire sth Jan. 1860...
Ditto 30 Years, expire sth Jan., 1860 1 13.16
India Stock
I dia Bonds, £lOOO
Um. sole fer account,
. EzTheoner Hills, z.td•
21000 . ....... 24 21 p
t5OO
Small
• • 22 26 p
4. Exchequer Bonds, 1858, 36 per Cent— -
Ditto. 1359
99 100
PRICES OF FOREIGN FUNDS--THIS DAY.
Buenos Ayres Bonds, 6 per Cent. —
Ditto Account, Jan. 29 96 7
Grenada New Active, 24 per Cent.
Ditto Deferred
Mexican 3 per Cent .
Ditto Account
Peruvian Bonds, 4i per Cent —
Ditto Account Jan. 29
Portuguese Bonds, 5 per Cent., Con. 1841.,---
Ditto 18b3, 3 per Cent—
Ditto Account
Russian Bonds, 1522, #: St., 5 per Cent -
Ditto Small
Tarkien Bonds, 6 per cent 9Bk
Ditto Account
Venezuela Bonds, 4i per Cent

5i

Dividends on the above payable in London.
Dutch Exchange, 24 per Cent., 12 Guilders 65
Do. 4 per Cent. Certificates

Consols TWO O'CLOCK.
Consols ,
for money .
aecount
941 sellers.

THE POLIO X COURTS.—No
interest
this mornin occurre thing of the slightest
Courtsd at any of the Metropolitan Police
g. The charges were nearly all con-
fined to drunkenness and petty theft.
MINES —The demand for mining shares has increased
during the week, so that great difficulty has been txpe-
rienced in getting stock to deliver. Purchasers seek to
buy at quotations which they have been accustomed to
see for a long time past, while holders are not anxious
to sell, even at advanced ratcs. Banco tin has advanced
to 11$/. per ton, and both copper and lead are firmer.
Thus, with the cheapness of money, and the want of
means to employ it, a greatly increasd amount of atten-
tion will be directed towards mines, and already the
inquiries for good stock on the part of the public are
Anpreeedented. Many mines are now being purchased
to, pay 20 per cent , but such will not long be the case,
from the general advance in prices, and a range of 10
to 15 per cent, on good mines is the percentage
likyly to be kept up.—Mining Journal of this day.
EXECUTION AT PAISLEY.—The execution of John
Thorn on, lately convicted of the murder, by poisoning
with prussic acid, of a girl, named Agnes Montgomery,
a mill-wcrker, in Eaglosham (a village about ten melee
south of Glasgow), took place in Paisley on Thursday.
In addition to Thomson's confession of guilt in connec-
tion with the Failleiham murder, we learn that, since
bis trial, he stateu that, when only nine years of age, he
drowned a boy in a quarry hole at Tarbert, into which
he intentionally pushed him.