The Sun.
London, England, 1858-07-10 00:00:00

ONEY MARKET

D

COMMERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The return from the. Bank of England, made up
for the week ending the 7th instant, is of a rather
unsatisfactory character. Owing to the late remit-
tances of bullion to the continent and the absence
of Australian supplies, there is a diminution of
over half a million in the stock of the precious
metals. The reserve of notes has also been
lessened to the extent of half a million, and the
private securities, owing to the preparations
made for the commercial payments of the fourth of
the month, show an augmentation of about a quar-
ter of a million sterling. he Public Deposits
have been trenched upon to the amount of four
hundred thousand pounds sterling, and the Private
Deposits also show a slight reduction. The active
circulation, owing to the gradual improvement of
trade, shows a slight increase. In the other items
of the balance-sheet there is little alteration re-
quiring special report ; they will be seen in the
subjoined table :
Active circulation
Bullion
Decrease
Rest
Increase
Public deposits
Decrease .
Other deposits
Decrease
Seven-day and other bills
Increase
bi•overnment securities
Increase
Other securities
Increase
Notes unemployed
Decrease

.£20,537,770
113.015
. 17,408 657
. 529,790
. 3,211.647
37,544
. 6,994.930
. 400,199
. 13,155,645
46 323
. 808,527
41,383
10,692,417
15,454
16,635,445
259,756
10,666,680
623,325

There is direct evidence in the returns both of
the Bank of France and the Bank of England, of
an increased commercial demand for money. The
supply of bills has largely augmented, and as,
concurrently with the movement, the ad-
vices relative to trade have become satisfac-
tory, there is every reason to believe that
mercantile affairs are steadily progressing towards
a recovery. During the last few days the inquiry
for accommodation has slightly relaxed, hut there
IS still a fair amount of discount business among
the bankers, and although the terms have receded
to 212 Per cent. they are likely to advance when-
ever the applications become rather more nume-

rous.
There was a further withdrawal yesterday from
the Bank of 30,0001. in gold. No one seems able
to state the object for which these experts of the
precious metals are intended, but it is imagined
they are on account of some large financial opera-
tion with one of the foreign States. The
decline in the bullion, viz., 529,7901., has
taken many by surprise, being much mora
than was anticipated. When any of the Australian
supplies arrive, some curiosity will be evinced to
learn whether they will be all absorbed for remit-
tances to the continent. According to the advices
received yesterday, the rate of exchange at New
York for bills drawn upon England was 1091, show-
ing an advance, but a further upward movement is
required to stimulate the exportation of gold.
'rhe Liverpool Cotton Market yesterday exhi-
bited a very steady appearance, and prices of all
kinds were without any material alteration. The
sales were estimated at 5,000 bales, 1,000 of which
were taken cn speculation and for export.
Since Monday last the imports of specie have
been about 51,2031., and the exports 92,7441., ex-
clusive of the following shipments direct from Lon-
don to the Continent during the week ending
Thttrsday last:—
Gold Coin Boulogne ... 150 Ozs.
Hambro' 50 „
Sii' ver
7, liars Hambro' ... 652 „
'Mere has been scarcely any fluctuation in the
Ell,glish Funds to-day, Consols being 954
for
money, and 951 for account. As usual on
tltlttrday, the dealings are very circumscribed, and
erse is an absence of any movement of interest.
The Bank of England return being corsidered un-
f a"irable may have assisted in imparting a dull
tone' to the market. The New Three per Cents.
and
,the Reduced are 951 ; the New Two-and-
Ba""If Per Cents, 781 ; and the June Exchequer
ill's 19s. to 225. premium. Bank Stock is
quilted 222, and India do. 221.
21:3reign Securities are quiet, but prices remain
":"-tout much alteration. Turkish 6 per Cents, are
94;- ditto 4 per Cents., 1042 ; Venezuela 5 per
e
e1143') 38a ; Russian 4i per Cents., 991; Sardinian
bPer Cents., 89k; Peruvian 4, per Cents. (Uri-
..arren), ; Dutch 21 per Cents., 651 ; and
(Uri-
ditto 44
z Per Cents., 100 ; Brazilian Scrip is no-
minally Ito discount.
An. extremely limited amount of business has
been transacted in the Railway Share Market this
41°P1-ting, and with the exception of Caledonian
there is little alteration to notice in prices. Cale-
donian have improved 1/. to 1/, ss. ; Lancashire
and Yorkshire, ss. ; Great Western and
North-Eastern (Berwick) declined ss. North-
Western, Midland, and North-British were
at ytisterday's quotations. The Foreign lines
were almost neglected, only two transactions
being reported. Babia and San Francisco, and
Samb re and Meuse realised former values. In the
Colonial Markets prices have been steady. Grand
Trunk of Canada, Great Western of Canada, and
East Indian were dealt in at yesterday's quo-
tations.
Mines, Banks, and Miscellaneous Shares have
been at slightly reduced rates. Bank of Austral-
asia have declined ss. ; Union of London, os.
Eastern Steam, Electric Telegraph, and Crystal
palace Shares were each dealt in at previous
values.

tRI72ISII PUNDS.—CLOSING PRICES —THIS DAY.
From the Official List::
::222
1.)
Thr li: Stock
ee per Cent. Reduced Annuities 95,i i i
New '
nt"
'" ,Ho 1i- Annuities 9si ,1
NT Throe per Cent. Annuities
...ew....
~
_. 4 1 per Cent. Annuities
India Loan Sl4toanDebentures
Coxnsols for 221
.
Account
E chequer/iills
£5OO March. June.
. ___ ....
...

********** -- 22 19
.............................. 22 19

FOREIGN FUNDS.—THIS DAY.
Perry. Bonds, 4i per Cent
Ditto 4i per Cent. Urribarren 74
Russian' 1822, £ St., 5 per Cent.
Ditto 4;i, per Cent Sardinian 5 per Cent 9989
Turkish. Bonds 6 per Cent.
Ditto, Acc ,
ount
Veneznela Bonds Cent.
,5 pe per
Ditto Account
.... r Cent —
383
Dividends the above payable in London.
Dutch Exel.a,nge, 24 per Cent., 12 Guilders 653 ,i
Do. 4 per Cent. Certificates
100 i
TWO O'CLOCK.
Console, money

Dittoac-count

95g—sellers.

A letter from Berlin says that ed here,
Bishop Gobat is ex-
pectere, and that he intends to resign the see of
rences.
Jerusalem, in conrequence of the recent painful diffe-
Mnas.—The predictions of improved prospects in
the Mining Market, though long in being verified would
appear to be near their realisation at last, and
we have
had a week of great activity in shares. The improvement
lallarriett and other mines, reported at the beginning of
the week, enabling numbers of speculators to realise large
profits, threw more life into the market, and induced pur-
chases in many adventures in which good profits are ex-
Pected before long. But a telegram having been received
_
thie (Friday) morning from Mr. Pike, the purser o
Wh..11 Harriett, stating that the ore in the 74 fm l ,
evelf
had failed, upon the infcrmatien being made known
shares immediately dropped to 21e. sellers, but have
bine() recovered to 11-, buyers, and sellers cannot Le
wfoundk under 11. The prices in the earlier part of the
ee fluctuated from 39 to 45'. Among the shares
more particularly inquired for are Cook's Kitchen,
North Frances, 8911 and Lartarth, itedmoor, Kelly
Bray, &c. ;Wining Journal of this day.
82.101 AN 13ITTRN BY A SHARK.—The master of the
Crescent, of Liverpool, arrived here from Tobago, re-
Ports, that while lying at Rocky Bay, in Tobago, on the
4th April, one of the seamen, named Jan Williams,
Went in to bathe, although strongly urged not to do so
by his companions, on account of the number of sharks
!Ideating the shores. Shortly after he was in the water
be was set on by a shark which bit him on the calf of
be leg, laying it hare to the Lone. He was rescued by
4aatboat, just as the shark was about to make a second
uai :6<r, and was conve:sed to the infirmary on shore,
re the leg was amputated at the knee.—Glasgow—Glasgowau.