The Sun.
London, England, 1859-03-16 00:00:00

AfaNEY MARKET AND CITY NEWS.

CITY, Two o'CLocx.

An increased demand for money is now expe-
rienced, both in Lombard-street and at the Bank
of England, and., taking advantage of the opportu-
nity thus afforded, the discount firms are asking
rather higher rates for the negotiation of com-
mercial bills. Several payments have lately
been made, in connection with loans and
mercantile operations, including the wool
sales, which . have stimulated. the inquiry,
but it is not presumed that the recent easiness of
the market will materially diminish at present, as
speculation is dull, and. the existing political
uncertitude delays the introduction of foreign
loans and other joint-stock enterprises.
The public sales sales of Foreign and. Colonial
Wool, which commenced on the 24th ultimo, were
concluded yesterday. The quantity offered during
the sales consisted of 4,191 bales Sydney and
Moreton Bay, 12,232 from Port Philip, 381 from
Van Dieman's Land, 252 from Adelaide, 1,912 from
New Zealand, 29 from Swan River, and 16,107
from the Cape of Good Hope—making a total of
35,204 bales.

In the Liverpool Cotton Market, yesterday, only
a very moderate business was recorded, and prices
remained without alteration. The sales were esti-
mated at 7,000 bales. The Share Market closed
with rather more animation, and some of the prin-
cipal lines slightly improved.
The Foreign Exchanges yesterday exhibited a
further slight improvement in the rates on Vienna
and Trieste.

There were no bullion operations of importance
at the Bank of England yesterday.
The greater portion of the gold by the Anglesea,
£98,000, will, it is expected, be taken for cx-
Portation to the Continent. The vessels now en
route from Australia are the Morning Light, with
£54,800, which has been at sea 93 days ; and the
Fernando, with £116,700, 92 days.
The settlement in foreign stocks and railway
shares has been satisfactorily concluded, no failures
of importance having resulted, although in some of
the more speculative securities the fluctuation has
been frequent and rather extensive. Money, how-
ever, is very plentiful, and is procurable at very
moderate quotations.

There is very little movement in East India
Railway Shares, and they attract much less atten-
tion than might have been expected from the high
ratio of interest which is secured to them by the
guarantee of the authorities. The proposed New
Loan of £7,000,000 will soon be negotiated, which,
in some measure, accounts for the limited pur-
chases on behalf of the public ; but the extensive
creation of new share capital during the last few
years is, probably, the principal reason why they
have not attained a higher range of prices.
Business in the Foreign Stock Market is very
inactive, and in most instances prices exhibit a
decline. Turkish 6 per Cents. being 92 to 931;
ditto New Loan, 78 to 781 ; and the 4 per Cents.
have receded to 103 ; Sardinian to 82 ; Spanish,•3 per
Cent. to 44! ; and the Deferred to 30 ; Brazilian 42
Per Cents. however, are firm at 941 ; and Russian
5 per Cents. at 1111. The New Austrian Loan is
24 to 11 discount.
Business in the Railway Share Market has been
unpreeedently dull, and the few transactions entered
into show, in most instances, a further decline of
about I per cent. Brightons, North British, and
North Eastern (Berwick) receded 55., and London
and Blackwall 10s. ; Great Westerns improved
about 55., and East Lancashire about ss. ; Eastern
Counties, Caledonian, Lancashire and Yorkshire,
and South Devon were at about yesterday's closing
rates.

The Foreign undertakings have been quite neg-
lected with the exception of Lombardo Venetian ;
the Old Shares have declined to 8.1, 81, and the
New to 71 8. In the Colonial Market Grand
Trunk of Canada have receded about ss. ; Great
Western of Canada, ss. ; East Indian, £1; and
Great Indian Peninsula, ss. to 10s.
Joint Stock Bank and Miscellaneous Shares are
at almost nominal values. Oriental Bank have

declined 10s. ; London and Westminster, 10s. ;
and Union of Australia have improved 55.; Penin-
sular and Oriental Steam improved about ss. to 10s.
Business in the Stock Exchange Market con-
tinues very depressed, and the operations effected
to-day have caused a further slight decline. Con-
sols are about 95a 1- for money and account. The

utmost anxiety still prevails with regard to con-
tinental politics, and the speculators who
Operate only to a limited extent, are
inclined to effect sales rather than purchases.
The New n per Cents. have advanced to 80. India
Loan Debentures are flat at 98i 99, and the Bonds
at 15s. prem. Exchequer Bills have been dealt in
at 345. to 375. prem.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
3 per Cent. Reduced Annuities 951 I a
New 21 per Cent. Annuities
India Stock ' —

Ditto Debentures 9Bi 9 8/
Ditto Bonds, £l,OOO
Consols for Account

March.

June.

Exchequer Bills, £l,OOO, 2d. & lid 34 7
Ditto £5OO
Ditto Small, lid
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian 5 per Cent.
Ditto 1858, 41 per Cent .. 94i
Russian, 1822, St., 5 per Cent lllk Id
Sardinian, 5 per Cent.
Ditto Account
Spanish 3 per Cent.
Ditto Account
Ditto New Deferred, 3 per Cent.
Ditto Account
Ty-kish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Dividends on tha above payable in London.
• TWO O'CLOCK.
Consols, Money 9sf
Consols for Account (April) 9sf t

AUSTRALIAN ROYAL RAIL COMPANY

There was an extraordinary meeting of the
Australian Royal Mail Steam Navigation Company
to-day, Mr. Sheppard in the chair. It appeared that
the vessels remaining unsold were the Victoria and
Adelaide. The former was corning from India, and
it was expected to sell the Adelaide on favourable
terms. The chairman stated that the balance on hand,
on the last occasion, was £26,000, and that was in
favour of the company, after the late division of
ss. per share, was £1,300. There was some con-
versation about the difference still existing between
this and the Royal Mail Company, in respect to the
Victoria, which was to be referred to arbitration.
The report was adopted after some considerable
discussion.