The Sun.
London, England, 1859-03-23 00:00:00

lifaNEY MA

YITY NEWS.

CITY, Two O'CLOCK.

The money market continues in a quiet state, but
a moderate demand for accommodation is still ex-
perienced, and greater activity is considered pro-
bable, owing to commercial requirements and
subscriptions towards various undertakings now
before the public. The East India Railway Com-
pany have announced a further issue of £1,000,000
shares ; and as payments in full will be received,
the effect upon the resources of the market will be
immediate. At a later period the £7,000,000 loan
required by the Indian Government will exercise
some influence, and if an impulse should be given
to enterprise in other directions, increased firmness
in the rates charged for discount facilities may be
confidently predicted.

The Foreign Exchanges yesterday exhibited a
decline in the rates on Austria, Amsterdam, and
Hamburgh.

At the Bank of England yesterday there were
no bullion operations of importance. The gold by
the Canada and the Morning Light has been taken
for the continent.

The bar silver brought by the last West India
packet has been sold at 627 d. per oz., showing an
advance of £d. compared with the price realised for
the previous remittances.
The Tagus has been announced this morning
from the Peninsula with £1,720, and the Panther
from Boulogne with £BB,OOO.
In the Liverpnol Cotton Market yesterday a fair
amount of business was transacted, and prices of
American advanced fully Id. per lb. ; other kinds
were without alteration. The sales amounted to
10,000 bales. The Railway Share Market closed
with less animation, and values presented a down-
ward tendency.

Notice has been given by the Directors of the
East India Railway Company that it is their inten-
tion to issue additional capital to the extent of
£1,000,000 sterling, in shares of £2O each, to be
distributed to the present shareholders in a rateable
proportion. These shares will bear a guarantee
rate of interest of 5 per cent. from the Indian Go-
vernment, and it is estimated that this sum, in
addition to that already raised, will be sufficient
for the completion of the main line to Delhi, and
the Jubbulpore extension. Letters will be issued
on the 26th inst. to the present shareholders, and
the first call of £5 per share will be payable on the
16th of April next. Payments, however, will be
reee!ved in full interest accruing from the date of
subscription.
At the half-yearly meeting of the Ottoman
Bank held to-day, Mr. Layard in the chair, a very
satisfactory report was presented, showing an
available balance of profit of £58,236 is. 4d., from
which the directors recommended a dividend at the

rate of 8 per cent. per annum, and a bonus of 12s,

per share. The business of the bank was gradually
expanding, and the financial position of the coun-
try much improving. The sum taken from the
profits on this occasion would increase the reserve
fund to £35,000. The report was adopted, and a
Vote of thanks was passed to the directors.
At the special meeting of the East India Coal
Company, to-day, several alterations in the deed
Were agreed to unanimously.
The Stock Exchange market has not recovered
from the decline reported yesterday afternoon,
When the state of the foreign exchanges and other
causes led to a general depreciation. Sales were
pressed to a large extent, and continued heaviness
is exhibited to•day. Consols which at one time were
961 I, are now 96i for money, and 961 for the
account. The Government broker has only pur-
chased £5,000 stock for the savings banks. There
is reason to believe that these operations are about
to be brought to a close. Exchequer Bills are
marked 355. to 38s prem., and the Bonds 100,
being a decline. India ditto are flat, at 14s. prem.
Business in the Foreign Stock Market is mode-
rately active ; prices, however, arc rather depressed.
Turkish 6 per Cents. are 93 to 931 ; ditto New
Loan, 791-, to 801 ; Peruvian 41 per Cents. have
receded to 91 ; Brazilian 41 per Cents. (1852) to
941, and ditto (1858) to 941 I; Mexican are steady
at 211 ; and Spanish Certificates at 59 ; Russian
S per Cents. are firmer at 91; and Dutch 21 per
Cents, at 641. The New Austrian Loan is 1 dis.
to par.

In the Railway Share Market the dealings have s
been of a rather limited character, and prices have I
been depressed by the heavy tone in the Consol s
Market, the decline, compared with yesterday,
being about to 1 per cent. Eastern Counties, st
kanchester, Sheffield, and Lincoln, and North St
-
tastern (Berwick), declined ss. ; East Lancashire, St
Caledonian, Great Western, Lancashire and York-
shire, North- Western , Midland, and North-Eastern
(York), 10s. ; North British, £1 ; and Vale of si
Neath, .E 1 10s. Brightons have advanced about 10s.

In the Foreign market the transactions have
been confined to Lombardo-Venetian shares, which
have receded about ss. St
•
The Colonial lines are flat. Grand Trunk of ~ s;,
Canada have declined 10s.; East Indian, £l. st'
The Debentures of the 42 per Cent. Loan are quoted St
Ito 11 prem. ; and the New Shares, toy prem.
Joint-stock Bank and Miscellaneous Shares are stl,
inactive, at former quotations.
iZt

. BRITISH FUNDS—CLOSING PRICES.
„1 per Cent. Consols Annuities 961 i 1 I
inflia Stock
Ditto Debentures 9Bi
Ditto Bonds, £l,OOO
Consols for Account 961 i
March. June.
Exchequer Bills, £l,OOO, 2d. & lid.. 35 8 j
Exchequer Bonds, 1859, 31 per Cent lOO

FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent. -..
Ditto 1852, 41 per Cent. 94}
Ditto 1858, 41. per Cent. 941 1
zuenos Ayres, 6 per Cent
Ditto Account
lailian, 6 per Cent
Danish, 1825, 3 per Cent.
Ditto 5 per Cent. lOl
kexican 3 per Cent
Ditto Account
Perus:an 41 per Cent
Ditto Account
Ditto 3 per Cent. —
Ditto Account
Russian, 1822, L'St., 5 per Cent llll
Spanish Corn. Cert. of Coup. not funded 5ll 5
xurkish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 21 per Cent 64A

THREE O'CLOCK.
Consols, Money 961
Consols for Account (April 961

THE CONGRESS.--It has been proposed that the
Congress shall be held at Geneva, but that place has been
objected to, on account of the comparative difficulty of ao-
tees and the severity of the climate at this season. Aim•
la.-Chapelle has also been proposed, and with more proba-
bility of its proving generally acceptable. It has abundant
'ecommodation, excellent hotels, and is accessible by rail-
'ay from every direction. London, Brussels, and the
Ilague have also boen mentioned, but we believe Aix will
Intimately be selected.

Her Majesty and his Royal Highness the Prince
Consort, accompanied by the youthful members of the royal
tamily, propose, according to the present arrangements, to
leave Osborne on Tuesday next for Buckingham Palace.
Dr. Hook Was installed in the Deanery of
Chichester Cathedral on Saturday last. On Sunday the very
Rev. Dean preached in the cathedral before an immense
ongregation.

Sir Charles Trevelyan's appointment to Madras
is received most favourably by the Indian press.
Miss Victoria Balfe has been engaged for the
approaching season of the Italian opera, and will make her
land at Drury-lane Theatre in "La Sonnambula," sup-
Ported by the new tenor, Signor Mongini, as Elvino.
In a letter to the Bradford Advertiser, General
Thompson, M.P., says he has given his assent to a sug-
testion that "in the event of any change of government,
the friends of the ballot should persist in occupying their
Present sittings, by way of demonstration that they will not
march through Coventry with any government which does
hot show signs of establishing the ballot."
The illness of the Bishop of Rochester continues
to be of the most serious character. With the single ex-
4ption of the Archbishop of Armagh, the Right Rev. Dr.
Murray is the oldest bishop of the episcopal bench, having
been consecrated Bishop of Sodor and Man in 1813, and
translated to the see of Rochester in 1827. For a long time
Past he has been anxious to retire from his see could a
favourably arrangement to that effect have been made with
the government, and the subject was entertained by the last
ministry before they quitted office.
EThe following notice was issued from the General
ost-office yesterday, viz. :—Behar for the Mediterranean
LR'Ypt, and India (Bombay) mails, via Southampton, of the
"5/ling of the 26th inst.