The Sun.
London, England, 1859-04-14 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.

The supply of money in the general discount
market continues abundant, and accommodation is
consequently obtained by the commercial com-
munity on very easy terms. Although no quotable
alteration has taken place, the upward tendency in
the terms lately noticed has rather diminished,
and bills are freely negotiated at about 22 per
cent. During the next fortnight, however, pay-
ments towards the new Indian loan and other
financial and mercantile arrangements may again
produce symptoms of increased firmness. Still, there
seems to be an impression that the Bank Directors
will soon be compelled to reconsider their existing
discount regulations, and if the movements
exhibited in the last Gazette return
are further developed, the weekly meetings of the
Court will be watched with greater interest than
for a long time past.

The Indian authorities have issued an amended
prospectus for the new loan. In order to accom-
modate the Hebrew party, who on the 19th inst.
will be observing their holidays, the date for the
opening of the tenders has been altered to the
21st, and 25 per cent. only instead of 50 per cent.
-will be required on the 6th May. The remaining
75 per cent, is to be paid in three instalments of 25
per cent, each, viz., on the 14th June, 19th July,
and the 16th August. These changes have given
satisfaction to capitalists and others interested in
the operation, the original plan being considered
very inconvenient.

To-day a call of £2 per share, or £BO,OOO, is due
on the Ceylon Railway.
The only arrival of importance this morning is
the La Plata, from the West Indies, with £104,400.
At the Bank of England, yesterday, there were
no bullion operations of importance.
In the Liverpool Cotton Market, yesterday, a
very moderate business was transacted, and 6,000
bales were sold at barely previous values. The
Railway Share Market closed steadily, and prices
tended upwards.

In the market for public securities to-day, a
moderate amount of business has been reported.
Owing to a few sales on speculative account, prices
have slightly declined, Consols being 95 to 951 ;
but the market still exhibits considerable strength.
The settlement in foreign stocks and railway shares
occupies the chief attention of the dealers, and the
transactions in English stocks are very limited.
The New Threes and the Reduced are flat, at 931
to 941; the New 21 per Cents., however, have im-
proved to 791. Bank Stock is steady, at 223 to
2241; Exchequer Bills, 335. to 365. prem. India
loan Debentures are rather firmer, at 96 to 97 ;
and the Bonds (under £1,000) are marked 2s. to 7s.
prem.

A fair amount of business is recorded in Foreign
Securities, and in most instances prices have
slightly declined. Turkish 6 per Cents. are 871
to 88; ditto New 771- to 78 ; and the 4 per Cents.
are marked 103. Brazilian 41 per Cents. have re-
ceded to 94, Belgian 41 per Cents. to 98, Dutch 21
per Cents. to 64, and ditto 4 per Cents. to 99.
Venezuelan 5 per Cents., however, are rather
firmer at 401 to 411, ditto Deferred at 161 to 171-,
and Spanish Deferred at 301 a.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1859.
Great Western £28,890
North-Western
South-Western.
Brighton 12,424
Midland
South-Eastern
Great Northern —
Lancashire and Yorkshire
Bristol and Exeter ' 6,136
North-Eastern
East Lancashire 6,655
Lancaster and Carlisle
Manchester, Sheffield, and Lincoln
North Stafford,.... 7,381
South Devon
Edinburgh and Glasgow 5,691
Glasgow and South-Western
Scottish North-Eastern
Grand Trunk of Canada.
Great Western of Canada 7,901

1858.
27,198
66,543
13,723
13,198
28,986
17,454

The above traffic returns are in most instances
of a very satisfactory character, and show the
gradual iinpro-renacn.t of trade in the manufacturing
districts. The increase on the Great Western is
£1,692 ; on the North Western, £5,649 ; on the
South Western, £1,178 ; on the Midland, £4,526 ;
on the Lancashire and Yorkshire, £2,449 ; on the
South Eastern it is only £97, owing to the late
prejudicial competition with the South Western.
There is a decline on the Brighton of £774; and
on the Great Western of Canada of £2,523.

In the Railway Share Market business has been
rather inactive, most of the dealers being engaged
with the final settlement of the half-monthly ac-
count. Prices have shown a slight downward
tendency in some instances, notwithstanding the
favourable character of the traffic returns. Great
Northern, Great Western, Lancashire and York-
shire have declined ss. ; Eastern Counties, Brighton,
North Western, North Eastern (Berwick), and
Manchester, Sheffield, and Lincoln advanced ss. ;
Caledonian, 10s.; and London and Blackwall, £l.
In the Foreign Market scarcely any busineSs has
been recorded. Lombardo-Venetian Old Shares
have declined to 8-1-,, and the New to 81 87,.

The Colonial lines are flat. Grand Trunk of
Canada have receded ss. ; East Indian, 55.; and
Great Western of Canada, ss.

Joint-Stock Bank and Miscellaneous Shares have
exhibited little animation, and prices are depressed.
Ottoman Bank have receded 55., and Peninsular
and Oriental Steam about 10s.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities 941 31 4
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
New 21 per Cent. Annuities
Long Annuities, expire sth Jan., 1860 —
Ditto 30 Years, expire sth April, 1885— 171
India Stock
Ditto Debentures 961 7
Ditto Bonds, £l,OOO
Ditto under £lOOO
Consols AcCount (May 5) 42 7
95} I
Exchequer Bill March. June.
Ditto Small, ,8, 41,000, 2d. & lid.. 36 I
lid.
PRICES OF FOREIGN' FUNDS AT ONE O'CLOCK,
Brazilian 5 per Cent.
Ditto 1858, 41 per Ceiit
Deitch Exchange, 12 Guil. .2. i
..... Cent ..
Mexican 3 per Cent. ..
Ditto A ccovnt
21
Spanish 3 per Cent.. ..
Ditto New Deferred, Y per ......
Ditto Account .................. ' --'8
Turkish 6 per Cent.
87
Ditto Account
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Venezuelan 5 per Cent.
Ditto Account
Ditto Deferred 2 per Cent. l6i 17k
Dividends on the above payable in London.
Belgian, 41 per Cent., Ex. 25f........... 98
Dutch Exchange, 12 Guil. 21 per Cent... 64
Ditto Certificates, 4 per Cent. ........ 99
.TIVO O'CLOCK.
Consols, Money ................ 95 k
Consols for Account (May 5) .... 95 it

LORD JOHN'S TITLE.—Lord John
Russell
the number of Administrations which he has succeeded in
history. by
overthrowing, has secured for himself a name in
It is that of " Jack the Cabinet-killer."—Punch.
RAILWAY ACCIDENT.—There was an accident at
the Hertford station of the Welwyn line on Saturday after-
noon last. The 4 p.m. up-train (consisting of an engine
with single driving wheel, three passenger carriages, bet ter
filled than usual, it being Hertford fair-day, and six loaded
trucks) was about to leave the station, which is situate in
a hollow, with a steep incline either way. It is the custom
impetus
thus to back the train on starting ; and the
thus acquired helps the train up the next ascent. In this
instance the driver found on starting that the load was too
much for the engine, and the train after proceeding a short
distance backed towards the station into some trucks, and
the collision caused serious damage both to persons and
property.
1111 Loss OF FIVE WHALING SHIPS IN THE ICE.—A
telegraphic despatch from Peterhead yesterday announces
the arrival at that port of the whaling ship Narwal Deu-
chars, from Greenland, which reports the total loss of five
ships, two of them steamers, while employed in thefisheries
in the Arctic Seas. They were the Empress of India, an
iron auxiliary screw steamer, launched at Newcastle in the
early party of the year ; the Volunteer, another screw steam
ship, belonging to the Tyne ; the barques Alert of Peter-
head and the Milenca of Frazerburgh, and a third barque,
name at present unknown. It is supposed that they were
crushed in the ice. Although no mention was made of the
crews, it is presumed that they were saved, as the Narwal
Detlehars is stated to have 36 of the crew of the Empress of
India on board. The Gertrude of Hull also sustained con-
siderable damage in the ice, and the Narwal Deuchars,
which had on board 3.0J0 seals, reports having had a nar-
row escape. The Empress of India was a very fine vessel,
600 toile register, 100 horse power, and classed A, 1 for 12
years.