The Sun.
London, England, 1861-05-11 00:00:00

MONEY MARKET AND CITY NEWS,

-41,

CITY, Two O'CLOCK.
The Bank of England return, completed to the
Bth May, is not of so unsatisfactory a character as
was generally anticipated. The Bullion shows a
small increase, while there is also a slight addition
to the Reserve of Notes. . The Public Deposits
have been augmented by about half a million ster-
ling, while there is an increase of three-quarters of
a million in the Private Balances. The augmented
demand for money is perceptibly shown in the
addition made to the Other Securities, viz., of
about a million and a quarter. The other items of
the balance-sheet, and the changes they present,
are shown in the subjoined table.
Active Circulation .. £20,174,685
Decrease 132,620
Stock of Bullion .. 12,873,619
Increase .. 34,971
Rest 3,214,842
increase 06 414, 00 es 54,669
Public Deposits 6 083 595
Increase .. . • 505,072
Other Deposits . •• 12,070,911
Increase .. • . 890,100
Seven Day and other Bills 636,172
Decrease .. • • .. 26,719
Government Securities 10,272,938
Other Securities No alteration... 19,141,648
Increase ..
.. 1,255,531
Notes unemployed ..
.. 11
Increase .. • 6,1
08,370
The Oneida which leaves to-morrow for
Bombay
will take out £142,044, and of this amount the
Government remit £50,474 in silver.
A general advance was exhibited in the foreign
exchanges yesterday.
There is still an active demand for money, but
rather less pressure is experienced, and the rates
are not quite so firm as they were during the early
part of the week.
Business ii the Liverpool Cotton Market yes-
terday was rather less active, but prices remained
*without alteration. The sales.were 10,000 bales.
The expectation that the Bank rate of discount
will be speedily advanced has been strengthened
by the recommencement of a large efflux of gold to
New York, and 100,000 sovereigns have been with-
drawn from the establishment for that purpose.
In the meantime small quantities of gold chiefly
from Australia are disposed of to the authorities,
£lO,OOO having been thus appropriated yesterday.
An important undertaking, entitled the China and
Japan Steam Navigation Company, with a capital
of £300,000, of which the first issue will comprise
£150,000 in 15,000 shares of £lO each, has just
been announced. Its object is the establishment of
a regular and speedy communication in the inner
waters of China, and along its coast, thus supply-
ing a want that has long been felt by the
mercantile community interested in that portion of
the world. The Company propose to construct a
fleet of steamers for the conveyance of passengers,
mails, and general merchandise. The trade already
existing, its certain expansion, and the necessity for
the use of steam, warrant.,the expectation that the
project, if judiciously arranged, will prove a great boon to the commercial public, and highly remune-
rative to the shareholders.
There has been an absence of fluctuation in the
English Stock Market to-day, but the tendency of
values has continued unfavourable owing to the
appearance of monetary affairs. Consols are 918 I
for transfer, and 911 92 for the account.
The New Threes and the Reduced are heavy at
89a ; India 5 per Cent. Loan 1011 ; and ditto 51
per Cent. Rupee Paper has receded to 100.
Extreme quietude has prevailed in the Foreign
Market, and prices show very little alteration.
Turkish 6 per Cents. are 70/ to 711; ditto 1858,
55,-1 to 56; Mexican are firm, at 221 ; Portuguese,
at 471 ; and Russian 43 per Cents. are steady at
911.

The transactions in the Railway Share Market
have been on a rather limited scale ; in some in-
stances, however, a slight advance has taken place
in prices. Caledonians, Eastern Counties, Great
Westerns, and Lancashire and Yorkshire have
advanced ss. ; and Manchester, Sheffield, and Lin.-
c)ln, 10s. ; South Western have declined ss. ; and
Great Northern, and Edinburgh, Perth, and
Dundee, 10s.

The Foreign and Colonial undertakings have
been very inactive, without any material change in
prices.

Joint Stock Bank and Miscellaneous Shares
are a shade flatter—Oriental Bank declined 10s.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities 894 1
3 per Cent. Consols Annuities
91i
New 3 per Cent. Annuities
India Stock ......... .... "'Ditto S per Cent
Ditto Enlaced Paper, 4 per Cent.
Ditto 5/ per Cent .. 100
Consols for Account, June 6 .. 92 1i
FOREIGN FUNDS--CLOSING PRICES.
Mexican 3 per Cent ._.
Ditto Ascount •
• 22!
Portuguese 3 per Cent.. 1853. •
Ditto Account
Russian 5 per Cent. 1822, £ St • •
Ditto 4/ per Cent.
hividends on the above payable in London.
Consols, M TW O O'CLOCK.
oney 911
Ditto Account 9l 2

THE WEATHER.