The Sun.
London, England, 1858-11-17 00:00:00

MONEY MARKET AND

CITY NEWS.

CITY, Two O'CLOCK.
The arrival of shipping from all quarters is still
delayed by the continuance of north-easterly winds,
and it is supposed that there is a larger fleet of home-
ward-bound vessels at the entrance of the Channel
than has been known for many years. The Admiralty
will probably send out steamers with water and
provisions without further delay, to relieve the dis-
tressed, as, in consequence of their long detention
at sea, some of them have no doubt exhausted their
supplies. Conspicuous among the list of vessels
overdue is the Agincourt, with £283,100, from Vic-
toria, which has already been out 116 days. Others,
however, have been equally retarded, 70 days
having in several instances been occupied in the
voyage from St. Helena. The cause of the delay is
so obvious that comparatively little anxiety is
felt among underwriters, consignees, &c., and we
believe the statement that the rate of insurance on
the Agincourt had risen to £5 ss. is erroneous, 30s.
to 40s. still being the current quotations. A change
of wind, if only for a few days, would enable a
considerable number of ships to come in, including
two or three from the antipodes with large amounts
of gold, which in the present state of the specie
movement are awaited with some anxiety by spe-
culators and others.
Accounts from Liverpool mention that the
Cotton Market yesterday closed firmly, and prices
tended upwards. The sales were estimated at
7,000 bales. The Railway Share Market presented
a steady appearance, and quotations were unaltered.
There is very little activity in the Money Mar-
ket, the increased demand lately experienced
having partially subsided. It is stated, however,
that the commercial requirements of the country
cro becoming more extensive, although, as com-
pared with periods of prosperity, they are still con-
siderably below the average. The Indian Loan
has now been fully subscribed, and a large propor-
tion of the Turkish Loan has also been paid. The
removal of liabilities has, to some extent, relieved
the market, and the result is a diminished inquiry,
and a pause in the upward course of quotations.
At present the public do not seem inclined to en-
courage new undertakings unless of a superior
class, with a high rate of interest secured. This
keeps in abeyance a variety of projects, the promot-
ers of which have been waiting anxiously for some
time past fora favourable opportunity to bringthem
forward. Several of the schemes lately introduced
have not been so well received as might have been
anticipated, which, together with the depreciated
value of many guaranteed securities at the Stock
Exchange, will naturally have the effect of check-
ing this description of enterprise. The next
financial operation will probably be the long ex-
pected Chilian Loan ; but as the amount is under
£1,500,000 its influence upon the floating capital
law awaiting employment will not be very im-
portant. The delay in the negotiations arises from
the high price which the Chilian Commissioner,
Senor Ochogavia, asks for the 41 per cent.
Stook, in which it is proposed to raise the
amount. It is said that 90 for every £lOO
stock has been offered and refused, and it
is presumed that arrangements are suspended
until fresh instructions arrive from the
Republic. Looking at the value of other 4 per
cent. securities, the offers made are certainly high
enough, notwithstanding the financial credit which
Chili has enjoyed of late years.
In the Foreign Exchanges yesterday afternoon
there was no material alteration.
About £68,000 in gold was taken into the Bank
of England yesterday, being a portion of the re-
mittance brought by the Lincolnshire.
A very limited business has been recorded in the
English funds to-day, speculative operations, as
'well as bona fide dealings, being confined within
very narrow limits. Consols have been. 971-' 98 for
ntoney, and 98 to 981. for account ; but they have
since improved to 98 981 and 981 respectively.
Rank Stock is marked 225 to 226 ; the New
Three per Cents, and Reduced Annuities, 961 a ;
the March Exchequer Bills, 335. to 365. prem. ;
June ditto, 28s. to 31s. prem. The Bonds ditto
are flat, at 100. India Stock is 2271, and the
Debentures 99a.
A fair amount of business is recorded in the
-Foreign Stock Market, and prices are rather ,
higher. Turkish 6 per Cents. are 92 -1 4 ; ditto S
Scrip, Ist issue, par to -k prem ; ditto, 2d issue, 7 1
to 1 prem., being firmer. Buenos Ayres 6 per s
Cents-, arc 841; Peruvian 41 per Cents., 911 ;
ditto Uribarren, 87 88 ; ditto 3 per Cents., 731; s.
ditto Dollar Bonds, 831 ; Sardinian 5 per Cents., s
1441 3 ; Dutch 21 per Cents., 661- ; and ditto 4 per
Cents., 1001.
The transactions in the Railway Share Market
;lave been extremely limited, but in several
ilstances a slight improvement may be noticed in
quotations. Caledonian and South-Westerns have
advanced ss. ; Great Westerns and North-
West erns, ss. ; and Great Northerns and Midlands, g
Brightons have receded about ss. ; Eastern g,
4,,Quuties,North British, and one or two others were
at'
Previous rates. In the Foreign and Colonial Si
undertakings no material alteration took place
INIPr ices. Great Luxembourg and Sambre and st
ease were a shade flatter. East Indian improved s,
about
°s., and Geelong and Melbourne declined ss.
S'' er Joint-Stock Bank and Miscellaneous Shares 1
°l'e was very little enquiry. London Joint-
k „
, have improved ss. ; London and Westminster
"Clill°d Ss. • and Union of London, ss. ; Anglo-
n Mint have improved to 141. Peel River
and brought 2& ; and Royal Mail Steam, 61.

tit,,„,_ITISH FUNDS THIS DAY AT ONE O'CLOCK,
3 ...1' Stock
3 Per Cent. Reduced Annuities 961
IsTter Cent. Consols Annuities
India Per Cent. Annuities
c,_
2271
151_13!,tt; ''"lc
991
bebeL tures
Ditto Bonds £l,OOO
nitto under k Imo
13 14
"48018 for Account 9Bk
March June.
Expi,
28
E
-megter Bills, £l,OOO, 2d. &1N... 36
3 23 31
eto Small, Lia
PRICE--..
OF FOREIGN FUNDS AT ONE O'CLOCK,
Buenoss Ayres, 6 per Cent
odor New Consolidated
P uitto Provisional Land Warrant
71vian 41 per Cent. ......... .
Ditto Account
91f
• -Ditto (Uribarren), 41 per Cent .. 87 8
14..bitto 3 per Cent. 73/
Tlinian, 5 per Cent 94/ i I
T'l .Eh,
Ditt6 per Cent.
o
Account
Ditto,New Loan Scrip
Ditto Aceount
Dividends on the above payable in London:
kllc.h 'Rentes, 41 per Cent. Rt. 25f 961.871e.
I.j7lan, 10 Gu. , 5 per Cent.
".1.11. 1 Exchange, 12 Guil. 21 per Cent 661
)itte
4 per Cent.
Pilo Dollar Bonds, 4} per Ct. Ex. 4s B3*
Consols TWO O'CLOCK.
, Money 9B k
Ditto Account 981 1
A to-

1m iRONIEDART FOR HOLYROOD PARK.—The
4-tteers, non-commissioned officers, and men of the Y Field
e,„ erY of leaving Artillery, commanded by Major Yelver-
ja-;`:_fore Leith Fort for India, offered for her Ma-
r:b.:l acceptance a fine dromedary, which they captured
r,,,„,511 th Russians and brought home with them from the
4.,-,l`ttlea.e Her Majesty has been graciously pleased to ac-
' t thanimal,and to order that it be kept at Holyrood.
I,_ 6 beautiful condition, and very tame.—
,s,ootuelieve it is in
aosWn." DIGGINGS" IN AUSTRALIA.—" There are
x up at the Fitzroy River, Port
that isirwwhagiins ongs ste northern. boundary of Moreton Bay,
(ligi,.."tre causing immense excitement here. The principal
vs paper, which I send you,
).,)1113 are Surface' By to-4%
get has been found, toge-
ther ..:14 Perceive that a 121 b.
n gSydney, we expect, will
11)0,.. rith 6000 z., by one party. asserted by parties co.g-
hi: 1)e, deserted. It is confidently -
triePit of the locale that theextentotgoldfi_ewld.
T.
tih.sagtodinis.g-
ht,.zt a over 100 miles in circumference.
letters received in
ycji,Week, if possible. From private..
sons , (some of which I have seen) it is stated that per-
to £1 a day within
a f,,,,'441. obtain as an average from 155., This is
,ho —0,„..",te a foot and a half from the top of the soil,
schooner
4r -'"ggeretion. At the outset a small co
41°I tit doNvn 80oz., which caused the firsastareegmeeitengmaeonetd.
taithitte steamers, small coasting vessels, &c.,
/Pe gingers,sl!ltaila freight, &c., up there, and, no doubt,
~'.'ll i.-1, hundreds flocking from - Melbourne.. New
is
14 6tli-'7„.tilat it will prove the richest goldfield in New.
}ekesgt4:44:Blll::e,),:oegpt...7. e above intelligence you may safely com-
p ~.al inquirers."—Extract from a letter dated
l'esselli , CLIPPER SHIP LINCOLNSHIRE—This fine
to the fleet of Messrs. Money, Wigram, and
b4:44rivd In the East India Docks on Sunday, after a
hgall xsantllll of 86 days from Melbourne. She brings
et—v °OO . ld, besides a full cargo and several --3,-sebl --4 PElsseninger Her outward voyage was made in 72
n_4llcl '"tateig the Dover Castle by more than a fortnight,
`TIOZ-- tteer homeward dm
sage she has outstripped the Agin-
rlAb._ "ii,,°._vhich no tidings have yet. been heard, by more
v'Ptka—vel.t, Week& The Lincolnshire IS commanded by
. -'ll.4ts hem 4 mama of great Mill awl merino.