The Sun.
London, England, 1858-12-31 00:00:00

MONEY iIIARKET AND CITY NEWS.

CITY, Two o'CLocK.
A fair amount of business has been transacted in
the private market for foreign and colonial produce
during the past few days. The public markets are
still closed for the Christmas holidays. Tea has
been firm, owing to the advices from China by the
overland mail. In sugar the dealings have been
limited to immediate requirements, and holders
demand fully late quotations for all descriptions.
Coffee has been rather inactive, as well as fruit and
spices. Indigo and saltpetre have been in fair re-
quest, and tallow has exhibited considerable firm-
ness, P.Y.C. in all positions being now quoted
51s. 3d. per cwt.
In the Liverpool Cotton Market, yesterday, a
fair amount of business was transacted, and prices
'were unaltered. The sales amounted to 3,000 bales.
The Railway Share Market closed quietly, and
quotations were heavy.
- There is still an active demand for discount ac-
commodation. Fully 2f,, per cent, is charged in the
general market for the negotiation of first class
paper, and the supply of bills continues to increase.
It is expected that the inquiry will be sustained
during the ensuing fortnight, but some relief will
then be experienced through the distribution of
dividends, not only on Consols, but also on a variety
of other securities. At the Bank the inauiry is very
brisk, there being more activity in the Discount
office than for several months past. On the Stock
Exchange also loans have been negotiated to a con-
siderable amount, and at enhanced rates.
To-morrow (Saturday) the half-yearly dividends
are due on the subjoined Foreign Stocks :—Aus-
trian 5 per Cents., Dutch 2f per Cents., Peruvian
41 per Cents. (Regan, Arica, and Tacna), ditto
Uribarren, Portuguese 3 per Cents., ditto 3 per
Cents. (1856), ditto (1857), Russian 41 per Cents.,
Spanish 3 per Cents., ditto Deferred, and Belgian
21 per Cents.

An extraordinary meeting of the Trust and Loan
Company of Upper Canada has been held to-day, at
which the directors were empowered to exercise
the borrowing powers of the company, by virtue of
the 10th clause of the act of Parliament of Canada,
passed in 1858.

At the meeting of the British Telegraph Com-
pany, held to-day, the resolution passed at a former
meeting, for the transfer of its business to the
British and Magnetic Telegraph Company, was
confirmed unanimously.
The market for English Securities opened flatly,
but it has since exhibited more firmness, and
the quotations have risen -4. per cent. There
is an expectation that the revenue state-
ment will be very satisfactory, and pur-
chases have been made in consequence. The
Government broker 'has bought £17,000 Reduced
Annuities for the Savings' Banks. Consols opened
at 961- 1, but they have since rallied to 961 Bank
Stock is heavy at 2241. The New Threes and the
Reduced are steady, at 971 ; Long Annuities
are 18 3-16ths ; India Loan Debentures:are marked
991 i. The March Exchequer Bills are 375. to 395.;
June ditto, 375. to 395. prem.
The market for Foreign Securities continues quiet,
and prices are without any material alteration.
Turkish 6 per Cents. are 92 to 921 ; ditto Scrip,
Ist issue, 11 to 11 dis. ; ditto, 2d issue, 11 to 11 dis.;
ditto 4 per Cents., 1051. Chilian Loan is marked
par to 4; prem. ; Portuguese are steady at 481 1;
Spanish 3 per Cents. at 48 ; ditto Deferred at 31,1 ;
and Venezuelan 5 per Cents. at 441. Peruvian
(Uribarren) are flat, at 88.1, ; but Dutch 4 per Cents.,
however, have improved to 1011.
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. Bonds - •78
Kentucky 6 per Cent. Bonds lB6B-72 92
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
(Preelands)
Do. shares, 60 dols. paid
Michigan Central 8 per Cent
Do. do. shares
New York Central 6 per Ct.,
not convertible .
New York Central 7 per Ct ,
convertible, from June 15,
1857-59
Do. do. shares
New York and Eric, 7 per Ct ,
3d mortgage ..
New York and Erie 7 per Ct.,
convertible
New York and Erie, 7 per. Ct ,
sinking fund
Do. do. shares
Panama 7 per Ct., Ist mort-
gage Str. Bonds, not cony
Do. do., Ist. do.

1886

103 104
98 100
83 85
87 871
84 86
87 -.89
86 88
90 92
81 83
80 82

1877
Divers
1886
1888

1860 80 82

34 32 die
1869 84 86
45 50

1883

1864

1833

70 72

1862

45 48

1859:
1865