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

fITY 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 even-
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
money 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. Laurin,
Esq,, 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
much below those of the preceding year. The
directors hdd taken over the private bank at Stone,
belonging to William Moore,' Esq., by which
a large business would be done with the pot-
teries. The accounts showed the following results :
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
two dividends were paid for 1858, amounting to
.r 548,000, leaving an undivided profit on the 31st
December, 1858, of £249,698 3s. 2d. The directors
now proposed, out of the profits of the last year,
to
pay,in addition to the half-year's dividend paid
to the proprietors, a bonus of 7-4- per cent., making
the division of profit for 1858 in all 153 per cent.
upon the paid-up capital of the company. The
serve fund would then be £204,698 3s. 2d. The
chairman having moved the adoption of the re-
Part, it was agreed to, after some discussion as to
the necessity of forming an annuity fund for
the 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
in their terms of discount at present. This result
IV 48 generally anticipated, although it was imagined
111 some instances that an alteration might be con-
sidered desirable.
Nothwithstanding the continued inactivity of
the market the English Funds have been rather
buoyant. During the early hours of business the
quotations showed an advance of 1 per cent.,
but since then a slight reaction has taken
place. Consols, which have been as high as
92 to 921 are now 911 to 92 for money, and 911 I
for the account. Bank Stock has advanced to 217
Reduced
220 ; the New Threes to 904 and 91i ; the
to 901 -to 911 ; Exchequer Bills to 245.
and 265. ; and India Loan Debentures to 94. The
New India Loan Scrip is firmer at 11 to 1 dis.,
being marked 931
4 2 •
The transactions in the Foreign Stock Market
eon tinue of a rather numerous character, and quota-
tions are without any material alteration, Turkish
6 Per Cents, being 64 to 66 ; ditto -New, 54 to 56 ;
and the
•4 per Cents. are steady at 991; Portuguese
at 40; Peruvian (Uribarren) at 76, and Brazilian
41Per Cents, at 88 to 891, but the 5 per Cents. have
advanced to 98 99 ; Dutch 21 per Cents. to 591, and
ditto 4 per Cents, to 92. Sardinian remain at 76.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

. 1859. , 1858.
Great Western
North-Western
S•uth •Western
Brighton
Midland
South-Eastern
Great Northern 23,261 23,026
Lancashire and Yorkshire
Bristol and Exeter 6,398 6,196
North British...
East Lancashire ..
6,579 6,364
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln
°lford. Worcester, and Wolverhampton 4,393 4,004
West Rartlepool i 3,500 3,122
Edinburgh and Glasg-ow 5,949 5,765
Glasgow and South-Western
Grand Trunk of Canada
Great Western of Canada 7,628 10,368
The above figures show some very satisfactory
features, notwithstanding the general stagnation
of trade consequent upon the general elections
throughout the country. The increase on the-
Great Western amounts to .. .. .. £2,921
''' will Western .. .. .. .. ..3,023
South Western .. .. .. .. . : 3110016
Brighton
Midland .
.. .. .. 2,274
South Eastern. • • :: - ..
- 2,774
Great Northern • • ' 56
M" - " 235
Lancashire and Yorkshire .. - • • anchester Sheffield,
.• •• and Lincoln .. .. 4°87
Edinburgh and Glasgow .. 184
..
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
been rather less active, and owing to a few specu-
lative sales prices have shown a downward ten-
dency, notwithstanding . the favourable character
of the traffic returns. Eastern Counties, Lan-
cashire and Yorkshire, North British, and North
Stafford have declined ss. ; Caledonian, Great
rlorthern, North Eastern (Berwick), and Oxford,
Zorcester, 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
Meuse, and Great Luxembourg being at a fractional
advance ; Lombardo-Venetian Old Shares brought
"1: 61, and the New 5 to s:t.
In the Colonial Markets Grand Trunk of Canada
have-,, improved 10s. ; Great Indian Peninsula £1 ;
East Indian £l, and Ceylon guaranteed ss. to 10s.
joint Stock Bank and Miscellaneous Shares show
little variation from previous quotations. London
and Westminster have declined 55., and Peninsular
told Oriental Steam advanced £1 to £1 10s.

Tt BRITISH FUNDS--CLOSING PRICES.
-111 k Stock
31,..,.
3 3 - Cent. Reduced 'Annuities 91 90 11 901
,Per Cent. Consols Annuities
lis"' 3 per Cent. Annuities
"lig Annuities' expire sth Jan., 1560.... 11-16
India
Ditto Debentures
l)tto Loa 94
931 3 i
Bitll Scrip
12 -15 8 d
Ditto Bonds, £l,OOO
under £1,009
ullols for Accountpune 7)
Fxo. 9. Ju
ne.
B 21
31unl e 2. 13
March
B-4,e2uer Bills, £l,OOO, 2d. & 11d.. 26 47 I
all, 11d.
mall,
Bra
siF. ()REIGN FUNDS—CLOSING PRICES.
.-tlan 5 per Cent.
Ditto Acco t
Ditto - 1111 0 o 1808, 41 per Cent 895 89 90
171adapi.tto
DNeLwrrAedetive, 3-5 per Cent.
43
,xlcan 3 per Cent.
buitto Account
Cent•-• 163 17
Peru vian 41 per
Ditto Account
ir
rso ate (Uribarren), 41 per Cent.
,-Psuguese, 1853, 3 per Cent.
Sardinian
"aitto Account
, 5 per Cent 76
S
Ditto Account
Ditto
3 per Cent 391 1
Ditto New Deferred, 3 per Cent
,rbiqo Account
'`'lrkteia 6 per Cent. 66 4
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
‘ Ditto Account
`Teuezuelan 5 per Cent.
Ditto Deferred 2 per Cent. l5l 1
Dividends on the above payable in London.
Datch Exchange, 12 Guil. 25 per Cent.: • 595
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols, Money 913
Consols for Account, June 7