The Sun.
London, England, 1859-07-02 00:00:00

THE SUN, LONDON, SATURDAY EVENING, JULY 2, 1859.

MONEY MARKET AND CITY NE WS.

CITY, Two o'CLocK.

The Bank of England return, completed to the
29th ult., shows sonic rather satisfactory features.
The bullion, owing to the arrivals from the United
States and Australia, shows a small addition. The
increased demand for money, however, has caused
a slight augmentation in the other securities, and
the reserve of notes has been diminished by over
half a million sterling. In the public deposits
there is a further accumulation, but the active col:
lection of the revenue has caused a decrease in the
private deposits of more than a million sterling ;
and in the active circulation there is an increase of
fully three-quarters of a million. The other items
of the balance-sheet exhibit no material alteration.
They will be seen in the subjoined table :
Active Circulation
Increase
Bullion

.. £21,268,440
.. 817,815
.. 18,321,833

Increase .. . • • •
Rest .. • • • • • •
Increase .. • • • •
Public Deposits • •
Increase .. • .
Other Deposits • • • •
Decrease .. . •
• •
Seven Day and other Bills . •
Decrease .. • • ..
Government Securities ..

.. 210,919
3,178,541
.. 7,475
▪ 9,832,957
528,338
• 12,979,340
• 1,039,673
, 724,328
• • 20,414
. 11,281,376
No alteration.
18,458,897
• . 82,622
.. 10,841,665
.. 606,015

Other Securities ..
Increase .. ..
Notes Unemployed ..
Decrease .. ..

The demand for money is well sustained, and the
banking and discount establishments find their
resources somewhat reduced. The consequence is
that the applications at the Bank hare largely in-
creased, and the possibility of a speedy reduction
in the minimum rate of discount no longer pro-
motes discussion.

The Liverpool Cotton Market yesterday closed
steady, and prices remained without any important
variation. The sales amounted to 8,000 bales. In
Railway Shares a moderate business was done, at
firm quotations.

In the foreign exchanges yesterday afternoon
there was no alteration of importance.
About £20,000 in Australian gold was sent into
the Bank of England yesterday.
The Peninsular and Oriental steamer, Ripon,
which leaves on Monday for India and China, will
take out specie to the amount of £206,715, of which
£202,254 is in silver, and £4,461 in gold.

The Ariel, from America, has been announced
this morning, with £50,000 in specie.
A very small amount of business has ben trans-
acted in the English Stock Market to-day. Specu-
lation continues quiet, notwithstanding the
monetary facilities now obtainable, and the un-
settled state of foreign affairs. Consols have been
921 to 93, and they are now 922 to 93. The New
Threes are steady at 931 1, and the Reduced
Annuities at 94 ; India Loan Debentures have
receded to 94, and Long Annuities are 11-16.
In the Foreign Stock Market business has been
moderately active ; prices, however, in some in-
stances, are rather flatter, Turkish 6 per Cents.
being 75 to 76 ; ditto New, 621 to 63 ; Equador
has receded to 141 ; Mexican to 18Z ; Peruvian
(Uribarren) to 78 ; Spanish 3 per Cents. to 411 ;
ditto Deferred to 30 ; Austrian 5 per Cents. are
firm, at 461 ; and Grenada Active at 16.

The transactions in the Railway Share Market
have been moderately active, but prices have
shown a slight decline. Caledonian, Eastern
Counties, East Lancashire, Great Northern, Great
Western, Midland, and North-Eastern (Berwick),
declined ss. ; Lancashire and Yorkshire, and North
British, 10s. ; and South-Eastern, £l.

In the Foreign and Colonial Markets the deal-
ings have been limited. Lombardo-Venetian old
shares have declined to 7t, and the new shares to
7 ; Grand Trunk of Canada receded ss. to 103. ; and
East Indian have improved 10s.; Great Indian
Peninsula have also shown rather more buoyancy.

Joint-Stock Bank and Miscellaneous Shares are
inactive, the chief feature to notice being a rise
of about in Red Sea Telegraph Shares, which
are now dealt in at 9t 101.

BRITISH FUNDS—CLOSING PRICES.
'3 Fr Cent. Reduced Annuities 931
New 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 ll-16
.ndia Stock

Ditto Debentures
Consols for Account (July 8)

FOREIGN FUNDS—CLOSING PRICES.
Equador New Consolidated
Grenada New Active, 3± per Cent.
Ditto Deferred
Mexican 3 per Cent.
Ditto Account
Peruvian 41 per Cent —
Ditto (Uribarren), 4} per Cent.
Spanish 3 per Cent. —
Ditto Account
Ditto New Deferred, 3 per Cent. 3O
Spanish Com. Cert. of Coup. not funded 3/ 4
Turkish 6 per Cent —
Ditto Account
Ditto New Loan
Ditto Account
Venezuelan 5 per Cent.
Ditto Deferred 2 per Cent
Dividends on the above payable in London.
Austrian, 10 Fl, 5 per Cent...
Belgian, 4± per Cent., Ex. 25f, 92
Datch Exchange, 12 Guil. 2± per Cent —
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.
Consols for Account, July 8 .... 921 3 a d

THE ATLANTIC TELEGRAPH COM-
PANY.

It will, we are sure, give pleasure to every per-
son who desires to see the consummation of this
great work by the original movers in it to know
that it has at last been taken up by men whose
mature judgment and great public responsibility
that Mr. Robert
mustiv e a
reinfalliblyau t l h
ene
tad ie
ailt to i
y success.
informed
Stephenson, C.E., M.P., Professor
nWheatstone,
F.R.S., and Professor Thomson, LL.D.
connec-
tion with Mr. C. F. Varley (the managing-elec-
trician of the Electric Telegraph Company, of Loth-
bury, and now the consulting electrician to the
Atlantic Company), have agreed to form a com-
mittee to advise with the directors and to decide
for them, with the aid of such other scientific men as
the board may think proper to call in, as to all the
details of the next cable and as to the form of its
external covering, internal conductor, and extent
of insulation. When these details are determined
on, and the cable most suited for Atlantic depths
shall have been settled by means of the valuable
data placed at the board's disposal from the ar-
chives of the company, experiments as to submer-
sion will take place, and any points not exactly
cleared up at the present moment will be most care-
fully decided by appeals to actual experiment.
The great point upon which hung all the
heaviest weight of indecision as to the possibility of
this enterprise has been decided favourably. The
cable has been laid, messages have been passed
day by day for a month between England and.
America. Regiments have been retained in
Halifax and Montreal after orders had been sent
for their return to England—the Europa's col-
lision was announced to anxious men and
women anticipating her arrival—the news of China's
submission was 'heard in New York within nine
hours after England had received it. These are
now facts—which in August, 1857, would have
been dissipated as wild scientific dreams.
Every hour after the demonstration of such know-
ledge, which is wasted by
.the absence of its enjoy-
ment in a practical fqrm, is in the present concen-
trated state of our system of existence a robbery of
so much knowledge, so much human intercourse,
and so much chance of permanent peace and com-
mercial grandeur from the two great branches of
the Anglo-Saxon confraternity.
This waste, however, would not seem likely to
occur after the fact announced by the Atlantic
Telegraph Company, which we are glad to notice
as a great feature in its development—we mean the
offer which they appear to have received from con-
tractors, not only to make and lay the cable, but to
work it after it has been laid at a risk to them-
selves, which a year ago would have been thought
a mad undertaking, but which we are now informed
is likely to meet with severe competition.

CHRYSTY'S MINSTRELS.—An extra representation
will take place on Friday, July 8, for the benefit of Mr. W.
P. Collins, prima donna, danscuse, and bones. During the
evening Mr. Collins will have the honour of introducing his
wonderful "Talking and Performing Elephant," in addi-
tion. to several other attractive novelties.
We regret to state that Mr. Seymour Fitzgerald
has been for some days suffering from severe indisposition,
which has prevented his attendance to his Parliamentary
duties.

Sir James Graham is about to move for an in-
quiry into the administration of the army and the relations
of the Horse Guards to the War department.
DESTRUCTION OF WHITEBAIT.—The London
correspondent of the Birmingham Journal states that great
indignation existed among the company who dined at the.
Literary Fund banquet, in consequence of the absence of
whitebait ; but the landlord's excuse was nevertheless a
good one—there was no such fish. Unsavoury is the tale
pertaining to these particular fish. The Thames has killed
them all—a fact.