The Sun.
London, England, 1859-05-12 00:00:00

NONEY 2IARKET AND CITY NEWS.

CITY, Two o'CLocK.
The recent arrivals of Australian gold have tem-
porarily arrested the efflux from the Bank.
Although there have been no withdrawals for two
days, however, the Gazette return to-morrow evcn-
jog is expected to show a further decline in the
bullion. An augmentation in the stock of " Other
Securities" is also anticipated. An active discount
business is still recorded, and the supply of bills
for negotiation is extensive, although the demand
is not quite so urgent as it was last
Week. The Bank of France return will
likewise appear to-morrow, and similar alterations
Will no doubt be exhibited, viz., a reduction of
specie, and an addition to the amount of the bills
negotiated during the past month. In all the
Principal markets of the continent the value of
nintley has increased, and the tendency is still in
the direction of an advance. The occurrence of
hostilities, the contraction of loans, and the conse-
quent effect upon credit, have completely changed
the position and prospects of monetary affairs, and
the extent of the movement must, of course, depend
upon the duration of the war.
The Bank of Belgium has raised its rate of dis-
count from 3 per cent. to 4 per cent.
Silver is in rather more demand, on eastern
account, but the quotation is unaltered.
The Liverpool Cotton Market yesterday closed
With less activity, and 7,000 bales were disposed of
at the previous advance. In Railway Shares
business was quiet, and prices exhibited a slight
downward tendency.
The annual meeting of the National Provincial
Bank of England was held to-day, J. M. Laur'ir,
4:l*, in the chair. It appeared from the report
that the affairs of the bank had been conducted
With the usual regularity during the past year, and
that,
, in spite of the low rate of money, the restricted
trade of 1858, and the warlike disturbances of late,
the profits of the past twelve months had not been
111,,'1eh below those of the preceding year. The
tuirectors had taken over the private bank at Stone,
ft lar
oelonging to William Moore, Esq., by which
tge business would be done with the pot-
eries. The accounts showed the following results :
pot-
net profits of 1858, £100,317 Bs. ld.-making,
With the reserve fund set apart in Government
securities, the sum of £297,698 3s. 2d., from which
t
wo dividends were paid for 1858, amounting to
£48,0001, leaving an undivided profit on the 31st
"eeeraber, 1858, of £249,698 3s. 2d. The directors
lI°W proposed, out of the profits of the last year,
t° ° Pay, in addition to the half-year's dividend paid
the proprietors, a bonus of 71 per cent., making
tithe division of profit for 1858 in all 151 per cent.
1.1)(41 the Paid-up capital of the company. The
eZerve fund would then be £204,698 3s. 2d. The
airrnan having moved the adoption of the re-
Po'4h_ it Was agreed to, after some discussion as tot
necessity of forming an annuity fund for
e clerks of the establishment, which the chair-
man said should have their best consideration.
The Bank of England directors at their meeting
today, determined upon making no further change
; their terms of discount at present. This result
is generally anticipated, although it was imagined
u, some instances that an alteration might be con-
'lldered desirable.
r Nothwithstanding the continued inactivity of
~°l6 market the English Funds have been rather
buoyant. During the early hours of business the
o.uotations showed an advance of
per cent.,
but since then a slight reaction has taken
place. Consols, which have been as high as
fito 921 are now 91i to 92 for money, and 911 7,-
the account. Bank Stock has advanced to 217
and 220 ; the New Threes to 901 and 911 ; the
ndlted uce d to 904 to 911 ; Exchequer Bills to 245.
265. ; and India Loan Debentures to 94. The
t`eW India Loan Scrip is firmer at 11 to 11-
ei ng marked 9311,
The transactions in the Foreign Stock Market
e tinue of a rather numerous character, and quota-
tions are without any material alteration, Turkish
Per Cents, being 64 to 66 ;ad itto New, 54 to 56 ;
and the 4 per Cents, are steady at 991; Portuguese
4,4 t 40; Peruvian (Uribarr en) at 76, and Brazilian
1-Per Cents, at 88 to 891, but the 5 per Cents. have
aztdvanced: to 98 99 ; Dutch 21 per Cents. to 591, and
'44)4 per Cents, to 92. Sardinian remain at 76.
t The last week's railway receipts, ascertained up
° this day, are in round figures as under :-
1859. 1858.
%eat Western £31,068 28,147
I'l°tth-Western
t4.ith :Western
)......
4'.lghton 15
idiati •
33,214 30,940
S
19,758 16,984
great eat Northern
24,021 23,965
V.leashire and Yorkshire
tristol and Exeter 6,398 6,196
,lorth Briti h
East Lancashire8 • • ' • •
6,579 6,364
Lancaster
iraa_ ter and Carlisle
o,;ehester, Sheffield, and Lincoln
4,004
li-°'d, Worcester, and Wolverhampton 4,393 idein Hartlepool
oletrurgh and Glasgow 5,949 5,765
u,...._gfEw and South-Western
0:."49 Trunk of Canada
'eat Western of Canada 7,628 10,368
The above figures show some very satisfactory
of tunes, notwithstanding the general stagnation
tits trade consequent upon the general elections
nr_eughout the country. The increase on the-
liet Western amounts to .. £2,921
I`4olth Western. 3,023
MlatorillthiatWo estern 3,400
Bland • • • • • • • • 21,727146
"31411 Eastern • • • • ••
• •.•. .. 2,774
Gres •Northern • • •••• •• 235
Lain
and Yorkshire • • • • 56
t';',?lchester, Sheffield, and Lincoln 1,087
.r.clnburgh and Glasgow • • 184
4,,Glasgow and South Western 320
•• • •
The Grand Trunk of Canada shows a decline of
£491, and the Great Western of Canada of £2,740.
In the Railway Share Market the dealings have
lbeen rather less active, and owing to a few specu-
ative sales prices have shown a downward ten-
neney, notwithstanding the favourable character
of the traffic returns. Eastern Counties, Lan-
cashire and Yorkshire, North British, and North
Stafford, have declined ss. ; Caledonian, Great
Northern, North Eastern (Berwick), and Oxford,
Worcester, and Wolverhampton, 10s, North
Western and South Western improved ss. ; and
Midland and South Eastern, 10s.

The Foreign lines have been at slightly advanced
rates, Antwerp and Rotterdam, Sambre and
%leuse, and Great Luxembourg being at a fractional
5.1 53,
; Lombardo-Venetian Old Shares brought
".1 5.3, and the New 5 to 51.
In the Colonial Markets Grand Trunk of Canada
have improved 10s. ; Great Indian Peninsula £1 ;
ast Indian £l, and Ceylon guaranteed ss. to 10s.
Joint Stock Bank and Miscellaneous Shares show
and
variation from
previous quotations. London
a" Westminster have declined 55., and Peninsular
and Oriental Steam advanced £1 to £1 10s.

..ISH FUNDS THIS DAY AT ONE O'CLOCK.
a -'"ukStock
217 20
a Per Cent. Reduced Annuities
Per Cent. Consols Annuities
1 °lig Annuities expire sth Jan., 1860.... 11-16
''(lfi Stock '
Ditto
Ditto Debentures
Loan Scrip
Ditto Bonds, £l,000
to under £l,000
Consols for Account (June 7) 9li 2i 14 2
v,st.
1.7-uequer Bills: £1 000 2d. & 11d.. M2ar6cl-1. I June.
itto Small, 11d ' ' 27 I
I'
RICES OF FOREIGN FUNDS AT ONE O'CLOCK
Braz
Ditto 5 per Cent.
ultto per
I) - 98
,I, Itto 18a8, 41 per Cent. B9l 8 9
‘-' enada New Active, .31 per Cent.
keb_i.tto Deferred
4a
Ditto 3 per Cent.
I,_ Account
Ditto (tribarren), 41 per Cent.
_ Ditto Account
Satlinian 5 per Cent. 76
L., Ditto A'ecount
(1:0-nish 3 er Cent
Ditto New 39 Deferred, 3 per Cent --
~.. Ditto Account
inrlchth 6 per Cent
€491
Ditto Account
Dividends on the above payable in London.
Ditch Exchange, 12 Guil. 21 per Cent.. • 59i
Ditto Certificates, 4 per Cent.
• TWO O'CLOCK.
Consols, Money ................ 914 2
Consols for Account ...