The Sun.
London, England, 1858-10-16 00:00:00

~1

MONEY MARKET AND-CITY .NETVS.

CITY, Two O'CLOCK.

The Bank of England Return, completed to the

13th inst., although it shows some rather important
changes, is of a more satisfactory character than
was generally anticipated. The reserve of notes
has been trenched upon to a rather large amount,
and the bullion has also slightly declined, but this
may be accounted for by the payment of the usual
half-yearly dividend. One of the most prominent
features is the decrease in the other securities, which
shows that trade is only slowly recovering from the
late depression. In the public deposits there is a
diminution of about £3,000,000 sterling, caused by
the distribution of the dividends, but this is
in a great measure balanced by the increase in
the private deposits. The active circulation
necessarily exhibits a rather large increase.
The Rest, in consequence of the payment of the
dividend on Bank Stock, has diminished to the ex-
tent of about £600,000 sterling ; and in the Govern-
ment Securities there is a decrease of about a
mil-
lion. In the other items of the balance-sheet there
is no alteration to call for special remark, and they
will be seen in the subjoined table :
.

Active Circulation .. X 21,201,120
• Increase .. • 378,160
Bullion ..
.. 19,496,991
Decrease .. 29,484
Rest
.. 3,091,512
Decrease : : .. • . • . 618,608
Public Deposits „
.. 5,356,897
Decrease .. 3,084,5,52
Other Deposits .. • . .. 14,569,366
Increase .. .. • . . • 2,654,427
Seven Day and other Bills .. .. 827,272
Increase .. 14515
Government Securities 10,8091467
Decrease .. .. • • 322,202
Other Securities .. . • .. 14,817,709
Decrease .. 304,572
Notes Unemployed .. 12,137,740
Decrease ..
.. 364,610
These alterations being attributable to temporary
causes, are not likely to diminish the confidence
lately expressed in the further accumulation of
gold. Large supplies are coming forward from the
various sources of supply, which, it is presumed,
will leave an important surplus after the require-
ments of the exporters are satisfied.
In the general discount market the demand has
slightly increased, but the terms continue without
alteration. First-class bills are still negotiated as
low as 21 per cent.
Further indications of weakness were apparent
in the continental exchanges yesterday afternoon.
The Liverpool Cotton Market yesterday closed
firmly, and prices were fully maintained. The
sales were estimated at 7,000 bales. In railway
shares the business transacted was moderate, and
quotations tended upwards.
Since Monday last the imports of specie have
been about £527,430, and the exports £150,000,
exclusive of the following shipments direct from
London to the Continent. during the week ending
Thursday last :—Gold coin—Boulogne, 520 ozs. ;
bars--Amsterdam, 80,000 ozs. Silver coin—Rot-
terdam, 1,200 ozs ; Boulogne, 3,600 ozs. ; bars—
Ilambro', 300 ozs. ; Rotterdam, 65,000 ozs.

The market for English Securities has been very
quiet "to-day, but the quotations have remained
tolerably steady. Speculation is dull, and there
are few operations for investment to enliven the
Market. Consols are about 984 1 for money, and
984 4 for account. Bank Stock is 2211, being
Steady. The New 3 per Cents, are marked 974 4,
and the Reduced 974 1. The March Exchequer
Bills 38s. to 40s. ; June ditto 30s. to 325. premium.
India Stock has been dealt in at 221 to 223 ; the
Debentures 994 4; the Scrip, second issue, 994.
In the Foreign Stock Market business is rather
restricted, but quotations are well maintained.
Turkish 6 per Cents, are 94 a ; ditto Scrip, No. 1,
has improved to 14 1 pm. ; ditto No. 2, to 24 4 pm. ;
ditto 4 per Cents., 1051 4 ; Brazilian 44 per Cents.
(1858), 971 ; Buenos Ayres 6 per Cents., 784 ;
Mexican 3 per Cents., 202; Portuguese 3 per Cents.,
4,64; Russian 5 per Cents., 112 ; Peruvian Dollar
Bonds, 77 ; and Spanish New Deferred, 304.
The transactions in the Railway Share Market
have been of a very limited character, and slightly
reduced rates were current. Caledonian declined
£1; Great Western and North British, 10s. ; and
north-Western and North-Eastern (Berwick), ss.
South-Eastern improved about 10s. to 15s. The
Foreign lines were flat. Paris and Lyons declined
Os. In the Colonial market, Grand Trunk of
Canada declined ss. ; Great Western of Canada,
East Indian and Great Indian Peninsula were at
previous rates.
Joint Stock Bank and Miscellaneous Shares were
Moderately active, but prices exhibited little alte-
ration of importance.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock .. .. . ............. .. 221/
3 per Cent. Reduced Annuities 971 3 per Cent. Consols Annuities New 3 per Cent. Annuities
India Stock
221
Ditto scri 3
Ditto Debentures 991 1
2d Issue
12
Ditto Bonds, £l,OOO
Ditto under £l,OOO . l5
Consols for Account
98
81
arch . Exchequer Bills, £l,OOO, 2d. &ltd.:, .
M June
•38 40 1 30 2
FOREIGN FUNDS—CLOSING PRICES.
Brazilian, 5 per Cent
~ Ditto 1858, 42 per Cent. 9n
tluenos Ayres, 6 per Cent .
„,Ditto Account
Ditto 5 per Cent.
Mexican 3 per Cent
~,obitto Account
r rtuguese, 1853, 3 per Cent.
Russian, 1822, £ St., 5 per Cent
S
tsitto Account ' ll2
"'Nujah 3-per Cent. —
Tnrkieh, 301
.Ditto New Deferred, 3 per Cent.
6 per Cent.
Ditto Account
Ditto New Loan Scrip —
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
, Dividends on the above payable in London.
truvian Dollar Bonds, 41 per Ct. Ex. 4s. 77
TWO O'CLOCK.
Consols, Money
Ditto Account