The Sun.
London, England, 1861-06-04 00:00:00

2.102‘71:17 MARKET 41W CITY NE IV 8,
CITY, Two O'CLOCK.

Business in the Foreign and Colonial Produce
Markets during the law few days has continued
very quiet. Tea has remained at about former
prices. For the finer descriptions of sugars late
rates have been maintained, but inferior qualities
have been rather cheaper. Coffee, rice, spices, and
saltpetre, have been in limited request, at barely
former quotations. In tallow the transactions have
also been restricted to operations for consumption,
and a downward tendency has prevailed in prices.
About £12,000 was sent into the Bank of Eng-
land yesterday.
It was announced yesterday afternoon that
Messrs. T. and R. Raikes and Co., bankers, of
Hull, had suspended payment, with liabilities
estimated to amount to between £BO,OOO and
£lOO,OOO.

The failure also took place of Messrs. Mackay
and Read, East India agents, whose engagements
are supposed to be about £30,000.
In the Liverpool Cotton market, yesterday,
there was a fair demand, at previous rates. The
sales amounted to about 10,000 bales.
There is rather more activity in the general dis-
count market, but the demand is not so excessive
as usual just before the payment of the 4th of the
month, and the abundant supply of money enables
the mercantile community to obtain the assistance
they require without the slightest difficulty.
The suspension has been announced of the old-
established bankiig firm of Messrs. T. and R.
Raikes and Co., of Hull, with liabilities supposed to
amount to about £lOO,OOO. The prospects of the
liquidation have not transpired. Annexed is the
circular issued :

" Hull, 3d June, 1861.
"We are under the very painful necessity of apprising
you that difficulties in which we find ourselves placed oblige
us, in the interest of our creditors generally, to decide upon
suspending our payments.

" We had until so late as Saturday entertained hopes of
obtaining such assistance as would have enabled us to avert
this crisis ; but our efforts in that direction not proving
successful, we have without delay adopted the only alterna-
tive left to us.

" Our affairs are under investigation by Messrs. Quillen
:Ball, Jay, and Co., of Moorgato-street, London, who will
prepare a statement to be laid before our creditors on the
earliest possible day, at a meeting of which due notice will
be given, and, requesting your kind forbearance in the
meantime.—We are, &c.,

" T. AND R. RAIKES AND CO."

The suspension has also been announced of
Messrs. Mackay and Read, East India agents, with
liabilities estimated at about £30,000. The follow-
ing letter has been addressed to the creditors by the
solicitor to the firm :

" Messrs. Mackay and Read, of Frederick's-place, Old
Jewry, East India commission agents, have consulted me
as to the position of their affairs, and I regret to have to in-
form you that I am compelled to advise them at once to
suspend payments. I consider that this step will best pro-
mote the interests of the creditors.
"The books are placed in the hands of Messrs. Coleman,
Turquand, Youngs, and Co., who will forthwith prepare a
statement, and as early as possible convene a meeting, of
which you shall have due notice.-1 remain your obedient
servant, " J, WILSON NICHOLSON.
" 48, Lime-street, London, June 3."

The half-yearly meeting of the Bank of British
North America has been held to-day, when it was
stated that the directors have made, as they conceive,
ample provision for all bad and doubtful debts ;
they have also deemed it advisable at this time to
write off the whole of the preliminary expenses con-
nected with the opening of the branch at Victoria,
in Vancouver's Island ; the above deductions being
made, the available nett profit for the year amounts
to £61,897 9s. ld., out of which they have declared
a half-yearly dividend, payable on and after July
sth next, at the rate of 6 per cent, per annum, free
of income-tax. This will leave the sum of £1,897
9s. ld. to be carried to the rest of the balance of un-
divided profit, which, including this addition,
amounted on Dec. 31, 1860, to £125,766 35., after
providing for the dividend that was paid on the
sth of Jan. last.

In the Foreign Market the principal feature has
been a decline of fully a per cent. in Mexican Stock,
the report just issued by the committee not being
considered favourable, and dealings have taken
place at 211 22 ; Russian 43- per Cents. are steady
at 91, Turkish 6 per Cents. are 71 1-, and ditto,
1858, 551 561.
Renewed depression has been apparent in the
market for Public Securities, owing to a continu-
ance of speculative sales and the projected loan for
India. Consols are 90i-, z ex din.; for money, Olf;
for the 6th inst., and 921 for July.

The Ne,,v7 Threes and the Reduced have receded
to 89t- ; but Exchequer Bills are firm at 6s. to
3s. die. ; Bank Stock has declined to 232 ; and
India ditto to 228.

Increased heaviness prevailed to-day in the Rail-
way Share Market, prices having been unfavour-
ably influenced by the depression in Consols.
Eastern Counties and North-Westerns receded 55.;
Caledonians, Lancashire and Yorkshire, Midlands,
and South-Easterns, 108.; and Great Northerns,
15s.

The Foreign undertakings have also barely main-
tained previous values. South Austrian and Lom-
bardo Ventian realise lid, and Great Luxemburg
}lave declined to 7.
For the Colonial lines there was only a moderate
inquiry. Great Western of Canada have receded
Os.; Bombay and Baroda, 10s.; East Indian have
improved ss.

Joint Stock Bank and Miscellaneous Shares
have continued inactive, at about former prices.

Efts Stock
32
3 per Cent. Reduced Annuities B9l a
3 per Cent. Consols Annuities
New 3 per Cent. Annuities • 89i i i
India Stock OO ~
Ditto 5 per Cent
Ditto Debentures, 1858
Consols for Account, June 6 .. 91
India Stock for Account —
Ditto 5 per Cent.
Exchequer Bills, £l,OOO, 2d 3 dis
Ditto £500
Ditto Small
Ditto Advertised
FOREIGN FUNDS—ONE O'CLOCK
Mexican 3 per Cent —
Ditto Account
Russian 5 per Cent. 1822, £ St ..
Ditto 41 per Cent.
Dividends on the above payable in Loudon.
Piedmontese 5 per Cent., Ex. 25f.
TWO O'CLOCK.
Consols, Money ' 9Ol 1 ex div.
Ditto 6th inst 9ll A
Ditto July Account 92 h 4

NEW BRIDGE ACROSS THE THAMES AT LAMBETH.
—Among the various schemes this year before Parliament
the above projected measure would effect much to improve
the communications of London at a comparatively small
cost. The traffic from the increising district of Pimlico
and Chelsea to the east end of London now passes princi-
pally round by the Strand, Fleet-street, and Cheapside,
adding considerably to the crowding of those thoroughfares.
The Lambeth Bridge will be situated half-way between
Vauxhall and Westminster-bridges, and from one-half to
three-quarters of a mile in distance will be saved when
using this bridge and the fine open streets on the Lambeth
side as compared with the circuitous and crowded route via
the Strand. The bill for the new bridge has passed the
House of Lords, and has been read a second time in the
Commons. The engineer is Mr. Peter W. Barlow, and the
_w_orrk, which is on the system that has been adopted from
. Barlow's recent investigation and experiments on the
most effective distribution of the material in metal struc-
-430,0, hasoo been let to Mr. Porter, of Birmingham, for under
ELX.,
...Tof ioN
for London aud. s RERIFFS.—The election of Sheriffs
Guildhall, on
moncidadlesex is appointed to take place at the
have not yet served the , the 2ith inst. Two of the Aldermen
of Walbrook, and Mr. Tte' nrely, Mr. J. C. Lawrence,
it is not yet settled whether bas of C andlewiek ; but
ensuing year.
AN EARLY BIRD.—At the latter
both of them will serve for the
Part of last week
tsta
complete
production of
an old sportsman killed, near Petersffeld psire, a fine
young woodcock. It is probably
was the bird
the season in the feathered race.
aPPearance to
in plumage, and so weighty, as to come
a. fine autumn bird.

RESTORATION OF CIIICIIESTER CATITEDRAL
The committee for the restoration of Chichester Cathedral
are making fresh appeals to the public for funds, to enable
them to carry out the work they have undertaken. Mr.
G. Scott's estimate of the probable expenses was £50,000,
and towards this sum £30,000 has been contributed by the
county of Sussex, in the diocese of Chichester. The balance
Yet to be obtained is £20,000, and, to makeup this amount,
donations will be received during a period of five years.
The restorations will embrace the rebuilding of the tower
!nd spire, the rebuilding of the four adjoining bays,
varlo necessary repairs, and
tte