The Sun.
London, England, 1859-07-20 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

Rather more firmness is reported in the general
discount market; the terms have risen to the Bank
minimum, and the inquiry, although comparatively
quiet, has steadily increased. The Indian Loan
instalment, amounting to 25 per cent., which be-
came due yesterday, may have exercised some
influence; but the requirements of- the commercial
community are larger, and if the specie movement
should take an unfavourable turn higher rates of dis-
count may soon be established. The exportation of
gold to the Continent continues on an extensive
scale, and augmented shipments of silver to the
East are expected on Government as well as 'on
private account. In the meantime there is a delay
in the arrivals from Australia, and the decline in
the New York exchange has diminished the re.
ceipts from that source of supply.
The foreign exchanges yesterday afternoon pre-
sented a further slight advance in the rates on
Vienna, Trieste, and Amsterdam.
At the Bank of England yesterday there were
no bullion operations of importance. The demand
for.silver has considerably increased, but the supply
is small, and bars have advanced to ss. 22-d.
per oz.

The rate of discount in Belgium has been lowered
from 4 to 3 per cent.
Notice has been given by Messrs. Baring
Brothers that the sum of £20,000 has been employed
in the purchase, for extinction, of the New Buenos
Ayres 3 per cent. Bonds, representing stock to the
amount of £112,500.

A dividend, at the rate of 10 per cent., is pro-
posed by the directors of the Scottish Australian
Investment Company.
Accounts from Liverpool that the cotton market
yesterday continued dull, with a downward ten-
dency in prices. The sales were only 5,000 bales.
The railway share market closed quietly, and quota-
tions remained without any material change.
At the meeting of the London and Westminster
Bank to-day—Mr. Alderman Salomons in the
chair—a dividend at the rate of 6 per cent. per
annum, and by way of further dividend out of the
profits a bonus of 5 per cent. on the paid-up capi-
tal, was unanimously adopted.
The market for Public Securities to-day has been
very quiet, and although a little heaviness was expe-
rienced during the morning, the quotations have
since become firmer. Consols have been 951, but they
are now 951 for money and account. The amount
of business recorded, however, has been very limited.
The New Threes are flat at 951 1, the Reduced at
954 y, India Stock is firmer, at 220 to 222 ; ditto
Debentures have receded to 941, and the Scrip to
944; and the Exchequer Bills to 28s. prem.
Business in the Foreign Stock Market has been
moderately active, and prices have been steady.
Turkish 6 per Cents, are 80 to 82 ; ditto New,
69 to 71, and the 4 per Cents. are flat at 1044 ;
Mexican remains at 181 to 191 ; Spanish, at 44 ;
Portuguese, at 45 ; Buenos Ayres 6 per Cents., at
71; and Brazilian 41 per Cents., 1858, at 941' •
ditto, 1852, has advanced to 94 ; but the 5 per
Cents, have receded to 1031; Sardinian is firmer at
871.

In the Railway Share Market the dealings have
been on a very limited scale. Eastern Counties
have advanced about 552; Caledonians, ss. ; and
Great Westerns, £l. North-Eastern (Berwick),
declined ss. ; and ditto, Leeds, 10s. Great
Northern, Midland, and South Eastern brought
former rates.
The Foreign Lines have been dull. Lombardo-
Venetian Old Shares are at 101-- 101, and the New
91 10. Sambre and Meuse, 61;
In the Colonial Market a further downward t ..m-
-dency has prevailed. East Indian have declined,
I°B. ; Great Indian Peninsula 15s.
Joint Stock Bank and Miscellaneous Shares are
also at lower values. Ottoman Bank have receded
58.; Union of Australia, ss. ; and Bank of Egypt,
ss• to 10s, Royal Mail Steam have further de-
clined, being now dealt in at 53-1- 52.

3 , BRITISH FUNDS—CLOSING PRICES.
95a
per Cent. Reduced Annuities
3 r Cent. Consols Annuities
951 .I-
`ape "r 3 per Cent. Annuities
2211 20. 22 21
India Stock
Ditto Deb
Ditto Loa:IPZB 94
954 5 4 /
_onsols for Account (Aug. 9)
28
Exchequer I3ills, £l,OOO, 15d
27
I itto X5OO
27 30
Ditto Small, 11d .
2
Brazili FOR EIGN F
1031 UNDS—CLOSING PRICES.
an 5 per Cent.
941 4
Ditto 1852, 45 per Cent.
BuenosDitto Ads Cent. 1858 9l /
, 6 per Cent
Ditto Account
19 4 181
Portuguese, 1853, 3 per Cent.
Ditto Account ..
Russian, 1822, £ St.* 5 ******** Ditto 4i per Cent
Sardinian
, 5 per Cent.. t *******************
991
Ditto Account ..11 *****************
875
Spanish a per Cent. ********************* 86
1 Ditto Account * . ********************
Turkish 6 per Cent. ********************* 44
Ditto Account **************************************** —Bl 2
Ditto New Loan
Ditto Account **** ************ *** *************** 701 1
Ditto Guaranteed, 4 •
per: **
Cent,
*******
Ditto Account ********************** 104/
Venezuelan 5 per Cent. ****
Ditto New 25 per Cent. ************
—2B
******* 1 I
Dividends on the above payable in London. Dutch Exchange 12 Guil. 2f per Cent... 66
Ditto Certificates, 4 per Cent. ******** 101
THREE O'CLOCK.
Consols, Money and Account.... 954 /

.PARLIAPIENTARY COMMITTEE.

HOUSE OF LORDS.
THE CHARING-CROSS AND SOUTH-EASTERN RAIL-
WAY—THE PREAMBLE PROVEN.
This great Parliamentary battle was resumed
yesterday, and terminated in the committee, of
Which Lord Belper is chairman, declaring the pre-
amble to be proved.
At the meeting of the committee on Friday last
a proposition was made by the promoters of the
bill to give the trustees of St. Thomas's Hospital
the sum of £20,000 to enable them to build a new
wing in the place of the one which it was said
would be rendered unfit for hospital purposes if
this railway should be constructed contiguous to it.
An adjournment then took place until yesterday
to enable the authorities to consider whether or not
they would accept this proposition.
On the meeting of the committee yesterday,
Mr. Sergeant Wrangham said the trustees of the
hospital had considered the proposition which had
been made to them, and they must decline it in
• toe°, adhering to their original position, which was
the entire purchase of the hospital.
Mr. Alexander, Q.C., replied, contending that it
would be unjust upon the company to purchase so
large a property which was not required.
The room was then ordered to be cleared, and,
after about two hours spent in consultation, the
parties were readmitted.
The Chairman said the committee had given the
bill their most earnest and careful attention, and
that they had come to certain resolutions, which
he would read before stating the decision to
which they had arrived. The committee considered
that this line of railway would be of great public
advantage. They were not aware that there could
be any line that would be preferable to it, as none
had been presented to them. They considered that
the hcspital would be damaged thereby, that it
would render the north wing totally unfit for the
Purposes of a hospital, and that it ought to be re-
moved. They considered that it would have been
desirable that the London-bridge Railway Com-
panies should have entered into some arrangements
for the purchase of the hospital, but as such had
not been the case, they must leave the question of
compensation to be settledby the parties as the law
provided. They further declared the preamble of
the bill to be proved.
As soon as the result was made known, there
were demonstrations of applause.
The clauses were gone through, and the bill was
ordered to be reported to the house.

MR. COBDEN, M.P., AND HIS CONSTITUENTS.--
On Monday evening an influential meeting was held in the
Public Hall, Rochdale, to take steps for celebrating the re-
turn of Mr. Cobden, on such a scale as will be unprece-
dented in that neighbourhood. A from Mr. Cobden
was read, in which he stated that heir4ould make arrange-
ments to visit Rochdale on the 27th inst. The committee
considered it much better to leave the day open to suit their
guest's convenience. Some of the most leading reformers
and several members of Parliament are invited and ex-
pected to be present, and preparations are being made on
an extensive scale. During Monday it was reported to the
committee that about 500 applications were already made
for tickets. 'With respect to the place to hold the soiree or
banquet in, the committee had not decided where it should
be held, bikt probably they will make. arrangements for
about 4,000 people,—Manciiester Guardian.