The Sun.
London, England, 1859-02-23 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
There is still an inactive demand for accommo-
datlon, and, as an illustration of the difficulty ex-
perienced by capitalists and others in obtaining
employment for the means at their disposal, it
May be mentioned that choice bills of short date
have been negotiated at 14- to 2 per cent. If this
state of affairs should continue the Bank autho-
rities, who charge 21 per cent., will necessarily
experience an important falling off in their discount
business. Whether, under any circumstances,
they would reduce the minimum to 2 per
cent., a point not attained since 1852,
When the bullion stood at £19,587,670, and the
notes in circulation at £21,598,854, is considered
very doubtful. The various items of the balance-
-840, however, are now approaching a position
equal to that exhibited at the period referred to—
VIZ., seven years ago. Some persons imagine that
the revival of trade, coupled with the absorption
for loans and other joint-stock enterprises, will soon
initiate a contrary movement, but at present these
Influences have not trenched upon the resources of
the market to any appreciable extent, and in the
Meantime the accumulation of bullion continues, li
84, d the value of money shows a downward ten-
aeney.
The Silver Market is very dull, in consequence
?f the decline in the Eastern exchanges, but there
is no alteration in prices.
The Foreign Exchanges, yesterday afternoon,
exhibited a considerable advance in the rates on
v
higher.
and Trieste ; Hamburg was also slightly
41gher.
About £13,000, in gold, was taken into the Bank
°fEngland yesterday.
The Tagus, from the Peninsula, brings about
£1,455 in specie.
The Liverpool Cotton Market yesterday closed
heavily, and 5,000 bales were disposed of at about
former quotations. In Railway Shares the trans-
actions were limited, and prices continued to
decline.

A meeting of Venezuelan bondholders is now
being held, to consider proposals for the arrange-
roent of the debt. The terms originally offered by
Senor Rodriguez have been amended. It is now
Proposed that, from the commencement of 1860,
tile Active Bonds shall bear 3 per cent. and the
Deferred 1,1- per cent.—the arrears in both to be
funded in 3 per Cents. This concedes all the depu-
tation of bondholders asked in the memorial lately
presented to the Minister ; but the question for
consideration is, whether the offer is vitiated by
the delay of several months which it is proposed shall
take place.
At the meeting of the Southampton Dock Com-
tetllY to-day the report was adopted, and a divi-
and at the rate of 31 per cent, per annum was
declared.
The meeting of the North Devon Railway Com-
-4113? also took place to-day, when a report was
It?seuted, showing the net receipts of the half-year
be £2,556, from which the preference dividend
°llld be payable, and also a dividend of 17s. 6d.
r "tit. for the half-year on the ordinary stock,
.va,,•

ing a balance of £ll7 to be carried forward.

There was another meeting of the Atlantic Tele-
Company to-day, but it was again adjourned.
earlier market for English Securities during the
the
hours of business was very dull, but firm, at
0 e improved rates current yesterday afternoon.
IrY°log to the report that Lord Cowley is going to
i:ennna, a sudden advance subsequently took place
hs. "misols, which rose from 951- to 951 1-, but the
it'esent quotation is 95-1. The New Threes, and the
ise,alleed are 951 ; Exchequer Bills (March), 355. ;
icto", advertised, 345. to 38s. prem. ; and the Bonds
t, India Stock is 218 to 220, and the Deben-
u-tes 98a
pi,4. fair amount of business is recorded in
si;re'gli Securities, and prices, in most instances,
D,(ll° an improvement. Turkish. 6 per Cents. are
i: 9%; ditto New Loan, 791 to 801- ; ditto al
61-, to 51 dis. ; and the 4 per Cents. are steady
-"1," 1°21; Mexican have declined. to 191 and 201;
t enivian 41 per Cents. to 921 93 ; the 3 per Cents.
! 721; Russian 5 per Cents., to 1121 ; Sardinian,
t 0 801. d; and Dutch 4 per Cents., to 1011; Bra-
Zijian 4-1 per Cents. are heavy at 93Z to 94; but
Venezuelan 5 per Cents. are firm at 441 ; and Por-
lguese at 46k. The New Austrian Loan is 1t- to
1 discount.
There has been rather more activity exhibited in
ill: Railway Share Market, and prices generally
ittje shown an improving tendency. The aggregate
Nv.,v,alloe on most of the principal lines, compared
tti,7l yesterday's closing quotations, being about
11,2 Per cent. Caledonian, Eastern Counties, Great
kestern, and South Eastern have each advanced
Great Northern, Lancashire and Carlisle,
val,
North British, 10s. Brighton, Midland, and
ern or two others, have realised yesterday's rates.
*rile Foreign undertakings have been very inac-
P,,e; Paris and Lyons have receded about ss. ;
~-"uardo-Vonetian old shares have slightly im-
to,,_ LI., but the new shares remain steady at
rer rates.
been the Colonial Market scarcely any business has
103
vic • East aolndian have improved to 1021 to
1

J 4.
,_
es°lllt-Stock Bank and Miscellaneous Shares are
xr.,'"derate demand, at a slight advance on former
•giti.

3ID- N. ,IIRITISII FUNDS—CLOSING PRICES.
- ,ent. Red aced Annuiti
Iszi,'t °eat. Consols Annuitieses 951, 1 6k
iiiii
Iv
1 Per Annuities 951
a a 3
5 Cent.
220 18
bitt t°,
_OK
co, ° uentureq 9B a i
-8018 for Account 951 i i
Pot.ch March June.
bittoeper Bills £l,OOO, 2d. & 11d..
3525 1
bittc, 'Pia all, 11dv.
Elm," '•overt'sed
--eqUer Bionas, 1859, 31 per Cent .... 100
bra I'sDEEIGN FUNDS—CLOSING PRICES.
xitta, 6
Cent.
Ditt Per
C
-hill ° 1858, 41 per Cent. 941 31
bite,, 6 Per
Cent. .....
ke., 'ci 44 pe Cent. Scrip 3 d
ii".icall per Cent . 201
1, Igo A.ccount
tltvie Account Cent
bl,tto
1,0 itto 3 per Cent
4 ttl?zuese, 1853, 3 per Cent.
laion 1822, £ St., 5 per Cent ll2 1
Tinian,
41 per Cent.
5 per Cent.. 80i 80
Ai itto Account .
Spanish 3 per Cent. . . ...... . .. .
Ditto New Deferred, 3 per Cent —
1, Ditto Account
grkiztt 6 r Cent
1.-" to New Loan
..iitto Account
Ditto 2d
Ditto to Iss,ue
A t
CCM 111 •
V ttc, 102 f lld
ae Guaranteed, 4 per Cent.
Ditzlitoetosunpter Cent.
441
Dutch Dividends on the above payable in London.
Ditto Certificaanget,es, 4 per Cent. 12 Guil. 21 per Cent
101}
THREE O'CLOCK.
Consols, Money 9sa 1
951 i t'onsols for Account

h lan,
14-titi,
17". OF GOLD. The quotation of gold at
2,5 -18,4, bout at par, and the short exchange on London
Ivith per £1 sterling. On comparing these rates
oktie the English Mint price of 13 17s. 101 d. per
te,f°4l.Btandard gold, it appears that gold is about 2-10ths
ilej;`‘. dearer in Paris than in London. By advices from
Xeha.lll•g* the price of gold is 4241 per mark, and the short
gold s;:g, on London is 13.41 per £1 sterling. Standard
Per the English Mint price is, therefore, about 1-10th
of x---11t• dearer in Hamburg than in London. The course
IRlitetta.4ge at New York on London for bills at 60 days'
Mint is 1091 a per cent., which, when compared with the
thitil Par between the two countries, shows that the ex-
eharZ 18 about at par; and, after making allowance for
rate rn'B of transp
ort and difference of interest, the present
'reel ;:kaves scarcely any profit on the importation of gold
Itz'e tufted States.
ofade 'LATs TRACTION ENGlNE.—Arrangements were
'or "5" the directors of Bray's Traction Engine Company
maggoexperimental trip yesterday, to draw four laden coal
orl,n,R, of a gross weight of 22 tons, from the Great
kiile-:ero. Coal Depot to Westminster and back. The en-
eeed;arted with the load with the greatest ease, and pro-
the '111) the incline out of the station, but in the ascent
raZBP linter bar of the first waggon broke away.. The
g°4 was then secured by rope lashings, but this de-
ether so seriously interfered with the progress of the
the wagzons as to make it imprudent to go on through
ba. I:owded streets. The waggons were accordingly taken
- • k. to the
Ninally
depot, and the engine alone pursued the route
t4o..intended, passing amid the came,
• ..es in the pub-
on an tlolghfares with the greatest facility. It is intended
en ...e9arlY day to resume the eeriments with trucks cal-
po,7 ci to have such a heavy weight as to demonstrate the
er of the .
City e engine.
to.
STAL PALACE.—ONE SHILLING DAY, Tues-
..---Admissions on payment, 825; ditto by season
'Lets) 411; total visitors, 1,236.