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

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

The demand for discount accommodation gene-
rally increases towards the end of the year, in con-
sequence of the settlement of old accounts, and the
preparations which are entered into for the spring
trade. At present quietude is still one of the prin-
cipal features of the money market, the excessive
abundance of the supply admitting of a large
absorption for financial operßtions, as well
as for commercial purposes, before the
rates charged for negotiating mercantile bills are
sensibly affected. Symptoms are now apparent,
Which lead to the impression that bankers and
others will speedily be enabled to secure better em-
ployment for their accumulated resources ; trade,
as well as joint-stock enterprise, being conducted
"with more spirit than at any period since the crisis.
With the steady growth of confidence, money will
necessarily be drawn into circulation, and, as a
natural result, the remaining supplies must be pro-
portionately enhanced. By this process, the public
may expect a rise in the rate of discount, as the
inevitable consequence of renewed activity in the
commercial world. The improvement, up to this
time has been slow, but upon the whole
it has proved as satisfactory and extensive
as could have been reasonably anticipated,
I°°killg at the violent and almost universal cha-
racter of the revulsion of last year. The recovery,
however, seems likely to obtain greater celerity
during the next few months, owing to the favour-
able advices from various foreign and colonial
markets. It, therefore, cannot excite surprise
If the upward tendency of the terms of discount
now observable should continue, although some
time may elapse before there is any important
advance in the minimum. The present charge in
Lombard-street for first-class bills varies between
21 to 21 per cent., and the Bank authorities, owing
!0 this fractional advance, have already obtained a
larger amount of discount business.
The traffic returns of most of the principal lines
of railway in the United Kingdom continue to show
all improvement when compared with the corres-
P°llding period of last year. A further proof is
thus afforded of the increasing activity of business.
ia France the same indications are also exhibited.

The last weeks's railway receipts, ascertained up
to this day, are, in round figures, as under:—

1858. 1857.
Great Western
North-Western
BSouth-Western
righton
„idland
South-Eastern
Great Western
,
Bristol
and Yorkshire
-"jristol and Exeter
sst Lancashire 6,117 5,531
-I,neaster and Carlisle
14-nlanhester Sheffield, and Lincoln
East'ern
west Stafford
,i llartlepool 3,042 3,523
-r;!lnburgh. and Glasgow
Glasgow and South-Western
Grand Trun of Canada 10,835 10,277
.Great Western of Canada 9,681 9,806
Is44°22b,arde-Venetian
`..Z.tuern of France
11:
(Inbhe Scotsman states that " the liabilities of the
urgh and Glasgow Bank have been reduced
t° £275,000, which is the sum now due by the bank
to,
-, the Clydesdale Bank, and the manager of the
Clydesdale holds ample assets in his hands, in the
Shape of cash accounts, bills discounted, and other
sums duly coming in, not only to meet all the lia-
bilities, but to form a fund for distribution to the
shareholders, and. this in addition to all the bank
buildings, which are still undisposed of."

The Liverpool Cotton Market, yesterday, closed
quietly, and prices were fully supported. The sales
amounted to 9,000 bales. In Railway Shares a
fair amount of business was transacted, but values
tended downwards.
The Euxine, with the China and Calcutta mails,
arrived at Marseilles this morning, and the letters
are expected in town on Saturday morning.
A sudden improvement has taken place in the
inarket for Public Securities. The opening
quotations denoted heaviness, • but a rumour has
since been circulated that a large reduction of
the French army is about to take place, and
speculative purchases have been made in conse-
quence. The decline of 1 per cent., which took place
Yesterday afternoon, has been recovered, and the
market presents rather an excited appearance.
Consols are 981 for money, and 981 1 for account.
Bank Stock is 225. The New Throes are 961 h ;
anitthe, Reduce:l, 961 ; Long Annuities, 1860,
1 3-16 ; ditto, 1885, 181 1. The March Exchequer
)3111s, 345. to 375. prem.; June ditto, 28s. to 295.
rern. ; and the Bonds, 1004. India Loan have
been deal in at 99:i 1 for the first issue, and 991
for the second ditto.
13 usiness in the Foreign Stock Market is rather
active, but prices tend downwards. Turkish 6 per
Cents. are 921 1 ; ditto "Scrip, Ist issue, par.; ditto,
2tl' 1 prem., being depressed; Buenos Ayres
per Cents. arc 831; Peruvian 41 per Cents.,
91 1; ditto Uribarren, 85 ; ditto 3 per Cents., 731;
Portuguese 3 per Cents., 471 ; Sardinian 5 per
eQuts., 941; Dutch 4 per Cents., 1001; and
Spanish Passive, 101.
ihe dealings reported to-day in the Railway
Share Market have not been very extensive, and,
notwithstanding the favourabie character of the
Janie returns of many of the principal lines, prices
'ave been slightly influenced by the heaviness in
thel English Funds. Eastern Counties, Great
esterns, Midlands, North British, and North
Stafford have declined. 55., North-Eastern (Berwick)
Ip''•' and South-Eastern 15s. The Foreign and
Colonial
4 lines have been at rather improved quota-
Paris and Lyons have advanced ss. ;
s°rthern of France, 10s. ; and Lombardo-Venetian,
8 Geelong and Melbourne have improved 55.,
and Grand Trunk of Canada, Great Western of
`.:,.(una.nada, and East Indian, realised former values.
t-Stock Bank shares are inactive, but sustain
former rates.
In the Miscellaneous Market Atlantic Telegraph
shares are dealt in at 340, Australian Agricultural
4t
341 341, Electric Telegraph, 114, and Peninsula
and Oriental Steam, 861.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK
Bank Stock
N 3 Per Cent. Reduced Annuities 96j 1
eer Cent. Consols Annuities
Long 3 per Cent. Annuities
"'Ong Annuities, expire sth Jan., 1860 1 3-16 *
Ditto 30 Years, expire 10th Oct., 1860 l5-16
India
Dit 30 Years' expire P"' sthA r 1885.. 18k k
9
to Stock
Ditto Debentures 1
Ditto 2d Issue
otoitto Scrip, 2d Issue
1-: Imola for Account 9Bf 1
F March June.
•achequer Bills, Ll,OOO, 9d. Slid... 34 6129 8
Ditto Small, I%d. - 37 54 I --
Ditto Bonds, 1859, 31 per Cent
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK
Brazilian, 6 per Cent.
Ditto 1858, 41 per Cent. 971 I
Buenos Ayres, 6 per Cent.
Ditto Account - B3k
reruvian, 41 per Cent. ... .
Ditto Account
Ditto (Uribarren), 41 per Cent.
Ditto 3 per Cent.
Po Ditto Account
illittr'uo
D Aesecc,:3luBnst3, 3 per Cent.
471
94
Sardinian 5 per Cent i 4
Spanish 3' per Cent. —
.1, it.to Passive ..........
w* I
`ar.,,uh, 6 per Cent. •
-uitto New Loan Scrip
Ditto Account
Dividends on the above payable in London.
321utell Exchange, 12 Guil. 21 per Cent...
1001
bbitto Certificates, 4 per Cent.
4 ertlvian Dollar Bonds, 41 per Ct. Ex. 4s Bo}
TWO O'CLOCK.
Consols, Money
Ditto Account 9Bl 1
I' ' th

--,
NGLISII AT POMPEII.—A correspondent of the
Atheneum sends a specimen of French done into English
hotel at Pompeii from the printed circular of the little
~,. there :—" Restorative Hotel, fine-look at Pompei.—
That hotel, open since a very few days, is renewed for the
n of the apartments and linen, for the exact-
_ess
frene (I the service and for the excellence of the true
h-Cookery ; Being situated at proximity of that rege-
vhr.ation,. it
desiree propitious to reccave families, whatever,
viB,Tll„Nvill to reside alternatively into that town to
hßai,,s'ae monuments now found, and to breathe thither to
e butt of the air. That establishment will avoid to all
(I,7ll`Favellers, visitors, of that sepultoity, and to the artists
thug draw the antiquities) People will find equally
a complete sortement of stranger wines, and of the
1-‘41:411) the whole with very moderated prices."