The Sun.
London, England, 1861-01-02 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

Although there is rather less pressure for dis-
count accommodation, an active business is still
reported in banking circles, and the inquiries are
likely to continue on an extensive sale until the
January dividends are paid. A considerable
amount now accumulated at the Bank of England
will then be released, and the effect of the annual
disbursements having partially subsided, a quieter
feeling is likely to ensue ; but a great deal depends
upon the advices from Amer ica, which, although
better in tone, have not yet an nounced any decided
improvement in monetary affairs at New York.
Further remittances will no doubt be made in the
course of the present week; b at, in the meantime,
upwards of three-quarters of a million sterling in
specie has just arrived, which may be expected to
counteract the immediate effect of such operations.
The Great Britain will, no doubt, be followed very
quickly by the Roxburgh Costle, which left the
colony about 77 days ago, and may therefore be
considered overdue.

The steamer Atrato, which leaves to-day for
the West Indies, will t tke out £4,400 in specie.
The Mexican dollars brought by the Atrato have
been sold at ss. lid. per oz., being a decline of /d.
compared with the price realis ed for the previous
supply.

Intelligence has been received, this morning, to
the effect that the Bank of Frat ice have raised their
rate of discount from 41-to 53 per cent. This mea-
sure was expected owing to this relative value of
money in this country, and the renewal of the un-
favourable specie movement in Paris, the demand
for gold having revived. _ .

There were no bullion operations of importance
at the-Bank of England yesterday.
A general, though slight, advance was exhibited
in the Foreign Exchanges yesterday afternoon.
A meeting has been convened of the London
and Westminster Bank proprietors, for the decla-
ration of a dividend and the election of three
directors.

At the meeting which has just taken place of
the proprietord of the Colonial Bank, it was stated
that, during the half-year ending June 30, a very
satisfactory business had been transacted, resulting
in a net profit, after providing for all contingen-
cies, of £37,044 12s. ld., which, after allowing for
a dividend at the rate of 10 per cent. per annum,
would leave a surplus of £12,044 12s. ld. to be
added to the reserve fund, augmenting that item
to £80,940 17s. 9d.

The Edinburgh, which left this morning for
New York, took out £106,000.

The market for Government Securities has
remained steady, but it is exceedingly dull, owing to
the inactivity of speculation. Consols are 92:7 1,
being firmer than might have been expected, con-
sidering the depression reported on the Paris Bourse
and the increased stringency of money. The New
Threes are steady at 92+1 ; the Reduced at 92+ ;
Long Annuities at 16/ ; India 5 per Cent. Enfaced
Paper is 94! ; ditto 54 per Cent. 1001, and
Exchequer Bills are 3s. discount. _

Continued quietude pervades the Foreign Stock
Market, but prices show an ,improvement.
Turkish 6 per Cents. are 71 to 74; ditto New 571.
Spanish Deferred have improved to 41 ; Russian
41 per Cents. to 93 ; and ditto 1860 remain at 901
to 91. Sardinian are flat at Kt.
Business in the Railway Share Market has not
been very active, but prices have exhibited more
buoyancy owing to the favourable character of the
traffic returns. Caledonian, Great Western, Man-
chester, Sheffield, and Lincoln, and North-Eastern
(York), have advanced 55.; Lancashire and York-
shire, North-Eastern (Berwick), and South-Eastern,
10s. ; and Midland and West Midland, £l.
The Foreign and Colonial lines have shown no
material variation. South Austrian.and Lombardo-
Venetian realise 121; and Northern of France, 39 ;
Great Western of Canada are steady at 11k; and
Grand Trunk of Canada Preference Bonds were
heavy at 75.

Joint Stock Bank and Miscellaneous Shares con-
tinue very inactive. Bank of Australasia have

declined £1; and Peninsular and Oriental Steam,
105.

BRITISH FUNDS—ONE OTLOCIK.
3 per Cent. Reduced Annuities 92 /
New 3 per Celli. Annuities
Annuities, 30 yrs, expire bth Tan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 l6f
India Stock
Ditto Enfaced Paper, 4 per Cent.
Ditto 4 per Cent
Ditto 64 per Cent.
Ditto Debentures, 1858
Ditto 1859
Ditto Bonds £l,OOO
oitto under £l,000
Consols for Account, Jan. 10
India Stock for Account _ _

Ditto 5 per Cent. for Account lOll 1
Exchequer Bills, £l,OOO, lid
FOREIGN FUNDS—ONE O'CLOCK
Brazilian 6 per Cent
Ditto 41 per Cent. 1880 B6l
Russian 5 per Cent. 1822, £ St ..
Ditto 41 per Cent.
Ditto 4} per Cent. 1860
Sardinian 5 per Cent.
Ditto Account
Spanish 3 per Cent...
Ditto New Deferred —
Ditto Account
Turkish 6 per Cent .• • •
Ditto Account
Ditto New Loan
Ditto Account

Dividends on the above payable in London.
Austrian 6 per Cent. E. 10 Florins 45
TWO O'CLOCK.
Consols for Account, ex dir. O2l

COURSE OF EXCHANGE.—YESTIIRDAY.
Amsterdam
Ditte
Rotterdam.. — 11 18 11 184
Antwerp • — 25 322 25 45
Brussels — 25 321 25 45
Hamburgh
Paris
Ditto
Marseilles — 25 50 25 571
Frankfort on Maine — 1171 118 k
Vienna - 14 90 15 5
Trieste
Petersburgh 341 34/
Berlin —
Madrid
Cadiz 491
Leghorn 25 75
Milan 25 67/
Genoa 25 70
Naples
,
Palermo ll9l
-
Messina .... - 1191
Lisbon
Oporto
Rio Janeiro —
New York — ••
Foreign Gold in Bars (Stands.rd)....per oz. £3 17 9
Mexican Dollars
Silver in Bars (Standard) 9 f 0 0 0
South American Doublons

49
491
25 70
25 62+
25 60
394
119
119
521
62+