The Sun.
London, England, 1859-08-13 00:00:00

'MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.
The Bank of England return, completed to the
10th inst., exhibits some rather important altera-
tions. The increased demand for money- conse-
quent upon the anticipated introduction of the
Indian and Russian loans, &c., has caused an aug-
mentation in the other securities to the extent of
three-quarters of a million sterling. The reserve
of notes has been slightly added to, but the bullion
shows a small diminution. In the public deposits
there is an increase of about half a million, and the
Private deposits also show an important accumula-
tion. In the active circulation there has been a
decrease to a considerable extent. The other items
of the balance sheet and the changes they present
will be seen in the subjoined table

Active Circulation ..
Decrease 1..
Bullion ..
Decrease ..
Rest •• •• ••
Increase
Public Deposits • •
Increase ..
Other Deposits • •
Increase ..
Seven Day and other Bills
Increase • • • •
,Government Securities
Increase ..
Other Securities • •
Increase ..
Notes Unemployed ..

.. £21,959,055
.. 352,765
.. 17,231,888
.. 98,448
.. 3,433,612
.. 87,477
.. 5,912,113
. • 588,854
.. 14,675,929
• • 324,925
856,319
• •
37,572
.. 11,208,572
.. 37,892
,• • 18,474,568
.. 784,511
9,160,545

Increase'

270;625

The Indian and Russian Loans have at length
been officially announced, and the conditions upon
which it ig proposed to negotiate the respective
amounts have been fully discussed in financial
circles.

It is proposed to raise the £5,000,000 required
for India on a 5 per cent. stock, transferable at the
Bank; the bonds are not to be redeemable until
1870, but subsequently they may be liquidated at
par upon one year's previous notice. Tenders,
with 2 per cent. deposit, must be sent in before 21
o'clock on the 23d inst., when the adjudication is ap-
pointed to take place. The instalments are to be met
in the following manner—viz., so much of
the loan must be paid on the 30th inst. as
will leave 75 per cent., which is to be completed in
three payments of 25 per cent. each on the 27th
September, the 24th October, and the 22d Novem-
ber, but for subscriptions in full discount at the
rate of 4 per cent. will be allowed.
The Russian loan of £12,000,000 is to be nego-
tiated in a 3 per cent. stock at 68 per cent., which,
under certain regulations, is reduced in reality to
661 per cent.—a price which, considering the con-
fidence felt in Russia, and the high marketable value
of her securities, certainly offers great inducements
to the investing public. The instalments are
spread over a period of 5 months, and bonds will
be issued as the subscriptions are paid. For
payments in advance discount at the rate
of 3 per cent. will be allowed. A sinking fund of
14 per cent, is to be applied to the redemption of
the bonds by purchase. Applications, of which a
considerable number is expected from the Conti-
nent, must be made to the contractors before the
20th instant. It is expected that the loan will be
speedily negotiated, and to show that it has met
With a favourable reception, it may be stated that
the new security is already at a nominal premium
of 1 to 11 per cent.
In the market for public securities to-day the
'variation has not been very important. The effect
of the loans appears to have been " discounted,"
and the funds remain steady at previous
quotations. Business, however, which is very dull,
has been reported at
.95 to 951 for money as well
as account, being 1 per cent. lower than at the
close yesterday. The New 3 per Cents. are heavy
at 941 ; the Reduced at 951 d ; and Exchequer
Bills at 235. to 265. prem! ; India Loan Deben-
tures (1858), are firm at 942 1, and ditto (1859) at
941 b ; Long Annuities are steady at 18.
In the Market for Foreign Securities business
has been inactive, and prices, in most instances;
show a decline. Turkish 6 per Cents. are 811 to
821 ; ditto New, 711 to 722; Mexican has receded
to 20 ; Venezuelan New 21 per Cents. to 27,1 281 ;
and Brazilian 41 per Cents. to. 941, but the 5 ,
per Cents. are firm at 1031 to 104 ; and the Guate-
mala 5 per Cents. are steady at 59 ex. div.
The Railway Share market has been steady,
the variations in values not having exceeded about
to 1 per cent. Lancashire and Yorkshire have
declined ss. ; Brighton, 10s. ; North Eastern
(York), advanced ss. ; and Great Western, 10s.
In the Foreign Market Lombardo-Venetian
Shares were at previous rates.
The Colonial lines inactive at former quotations.
Joint Stock Bank and Miscellaneous Shares show
very little activity, but prices are a shade firmer.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities 951 i 1
3 per Cent. Consols Annuities
Nov 3 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto for 30 Years, expire sth April, 1885 18
India Stock
Ditto Debentures, 1858 94
Ditto, 1859
Consols for Account (Sept. 7)
Itxchequer Bills, £l,OOO, lid .. 26 3
Ditto £5OO
Ditto Small, lid 26 3
FOREIGN FUNDS—CLOSING PRICES.
urazilian 5 per Cent.
Ditto 4i per Cent. 1858
Gt ~,,,
ua..e....a.a., 5 per Cent. ' 59 x d
ki e •.
, xican 3 per Cent.
t urkish 6 Ditto per Cent B2
New Loan
renezuelan 5 per Cent. - 8f
Dividends on the above payable in London.

TWO O'CLOCK.
Consols, Money 95 i
Ditto Account

COURSE OF EXCHANGE.—YESTEnDA.Y.
Anisterdara
Ditto
ltotterdam3 Months. 11 14 11 16
Antwe
e- .• . 11 15f 11 16
liruusrir
25 25 25 30
%DAT--

13 5
pfarsourgli
Short. 25 10f
Ditto 3 Months. 25 37
Marseilles — 25 ni
117/
Frankfort on Maine —
Vienna
. 11 90
Trieste **********.
.__ 11 90
Petersburgh ...
Madrid ........
Cadiz,
49
Genoa..
Leghorn~
Naples
401
Palermo
Messina - 122 f
Lisbon
Oporto
Rio Janeiro
New York ..........
• •
Foreign Gold in Bars (Standard). .
• •
.. per oz. £3 17 9
Mexican Dollars .... ... ........... „ 0 5 0/
' 0 5 li
Silver in Bars (Standard)
/9

13 6
25 15
25 40
25 422
1171.
11 95
12 95
351
49
50
30 122
25 722
40
122
123
51;
52