The Sun.
London, England, 1858-12-17 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
During the last few days there has been rather
more animation in the markets for Foreign and
Colonial produce. Prices, however, have not
varied to any material extent. Tea continues
extremely firm, and for the better qualities of
st4ar full rates have been realised. Coffee has
been maintained at extreme rates, particularly
good qualities of Plantation Ceylon. In rice
and spices the dealings have been limited,
and in some instances prices ' have receded. Rum
has attracted a fair inquiry, and fruit has exhibited
a slight improvement. Saltpetre continues inac-
tive, at about former quotations ; and tallow, has
been dull, with a downward movement in value.
In the Liverpool Cotton Market yesterday an
average amount of business was transacted, and
prices of all descriptions were fully supported. The
sales amounted to 10,000 bales. The Railway Share
Market closed quietly, and quotations tended
downwards.

The steamer Parana, which leaves to-day for the
West Indies, will take out £122,720, the greater
Part of which is on account of the New Chilian
Loan.

A steady demand for money is still experienced
In .11e general market, where the Bank minimum,
2 per cent., is charged for first class
bills, the supply of which is decidedly larger.
At the Stock Exchange, however, loans are again
negotiated on Government Stocks at 2 per cent.,
Which will tend to diminish the demand at the
Bank, where 2f per cent. is required for similar
accommodation. It is nevertheless imagined that
the " Other Securities," at the national establish-
Ment will now exhibit a gradual increase, owing
to the reviving tendency of trade and the usual
requirements of the commercial public at the close
Of the year.
A favourable movement was reported on the
Paris Bourse yesterday, the 3 per cents. having
realised to-day 73.30 for the end of the month.
The meeting of the Eastern Steam Navigation
Company to-day, was to consider the resolutions
of the 2d November for dissolving the company,
and disposing of the vessel, which, after some dEs-
eussion, were confirmed.

At the half-yearly meeting of the South Austra-
lian Company, this day, a favourable report was
read, showing an increase in the company's revenue
during the last six months of £869 145., and of
£1,894 7s. 9d. compared with the year 1857. The
directors state that the dividend, at the rate of 7
Per cent. per annum, agreed to in June, would
be payable on and after the 15th of January
next.

The market for English Securities has been very
dull, a further decline of about 9 per cent. having
taken place soon after the commencement of busi-
ness. Speculators for an advance are deterred
from extending their engagements through the
increased demand for money, and the numerous
projects which are likely to be brought forward
during the next few months for public support.
The advices from Italy have also tended to
depress values. Consols have been 96Z 97, but
they are now decidedly fiat, at 968 buyers. Bank
Stock is 225/ ; the New Threes are 971 ; and the
Reduced 979; Long Annuities, 13-16 ; the March
tills, 365. to 38s. ; June ditto, 365. to 38s. prem. ;
and the Bonds are firm, viz., 1002 R ; India Loan
bebentures are 998.

Foreign Securities continue rather heavy, espe-
cially Turkish, and quotations are steady. The old
6 per Cents. are 921 to 931 ; Scrip, Ist issue, to
dis. ; ditto, 2d issue, 1 dis. to par. Chilian Loan
124 to I prem. Brazilian 41 per Cents., 1858, are
steady at 95t. Grenada are firm at 201, and Spanish
remain at 471. Venezuela Bonds are flat—viz.,
441 to 45 for the 5 per Cents., and 171 1 for the
Deferred 5 per Cents.
The committee of Spanish American bondholders
.have received advices from Mr. Mocatta, dated 19th
ult. He was at La Guttyra on his way, via Puerto
Cabello, to Valencia, where the Convention is sit-
ting. The Budget of the Minister of Finance was
printed. It states that the produce of the annual
revenue was estimated at 3,900,000 dols., of which
it is proposed to apportion 500,000 dols. to the in-
terest of the foreign debt, and to the domestic debt
275,000 ; the general expenses of the State being
calculated at 3,065,000. The Treasury debt for
contracts, &c., -to be converted into the consolidated
debt. About 500,000 dols. is destined to pay off
diplomatic claims. He proposes to delay all pay-
ments until July next year, so as to pay off the en-
gagements contracted by the revolution. Mr.
Mocatta states that he himself estimates the annual
revenue at an amount nearer to 4,500,000 dols.
The Venezuelan dollar is to be calculated at 61
dols. to the £1 sterling.

Messrs. D. Bell, Son, and Co., give the following
as the prices of the American Securities :

Redeemable. Prices.
United States 5 per Cents 1867-1868 102 104 •
Do. 6 per Cent Bonds
Alabama 5 per Cent. 80nd5.... 78
Xentucky 6 per Cent. Bonds lB6B-72 91
Maryland 5 per Ct. Str. Bonds 96
Massachusetts 5 per Cent. Str.

Bonds
Ohio 6 per Cent Stock
Pennsylvania 5 per Ct. Stock
Pennsylvania 5 per Ct. Bonds
Tennessee 6 per Cent. Bonds.
Virginia 6 per Cent. Bonds
Virginia 5 per Cent. St. Bonds
Boston 5 per Cent. St. Bonds
Illinois Central 7 per Cent.
Illinois Central 7 per Cent.
Illinois Central 6 per Cent.

1886

103 104
98 100
83 85
86 87
84 86
87 89
86 88
90. 92
80 82
80 82

(Freelands) -
Do. shares, 60 dols. paid
Michigan. Central 8 per Cent
Do. do. shares
New York Central 6 per Ct ,

- 80 82
34 32 dis

1883