The Sun.
London, England, 1859-08-04 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocK.

A very active demand for money is now expe-
rienced both in the general market and at the
Bank of England, which is chiefly attributable to the
requirements of the country bankers, who, as usual
at this season, augment their. supplies of coin to
meet the harvest expenditure. The inquiry has
also been stimulated by the bills falling due
to-day, the 4th inst., which are understood
to be rather considerable. The rates charged
for accommodation, however, though firmer,
remain without important alteration ; 21,- per cent.
is still the lowest quotation for the best descriptions
of commercial paper. Should the market continue
active, however, after the payments now in pro-
gress, the probability of an advance in the value of
money to 3 per cent, may soon form a subject of
discussion in speculative circles.
About £18;000 in Australian gold was sent into
the Bank of England yesterday.
_ _

The rate of discount at Frankfort has been re-
duced to 1 a s per cent.
In the Liverpool Cotton Market yesterday only
ft very moderate business was transacted, and
prices tended downwards. The sales were 6,000
bales. The Railway Share Market closed quietly,
and values were depressed.

The general meeting of the shareholders of the
London and County Banking Company was held
to-day. The report merely stated that there was a
surplus of £6,291 14s. 10d. to be carried forward
after the payment of a dividend of 5 per cent. for
the half-year, and that the Western Bank of Lon-
don had been transferred on the 2d of May last.
The gross profits, with former balance for the six
months were £101,321 4s. 7d., which was reduced
by the various deductions to the surplus above
stated of £6,291 14s. 10d. There was some dis-
cussion about the realisation of the Sadleir estates,
which the chairman, Mr. Nicol, said he hoped
would take place in the early part of next year.
The report was adopted unanimously.
The market for English Securities to-day has
been exceedingly quiet, and very little variation
has occurred. Consols hare been 941 95 for money
and account. The speculators are operating to a
!my limited extent, and during the next few days
the settlement will exercise some influepce upon
the market. Very few investments are recorded.
Bank Stock has receded to 222 ; the New Threes
and the Reduced are steady at 951 d ; India Stock
is firmilat 2191 to 2211 ; and Exchequer Bills are
flat at 275. prem.
A moderate business has been transacted in the
Foreign Stock Market, and prices remain firm.
Turkish 6 per Cents. are 80 to 82 ; ditto New Loan,
70 to 72 ; and the 4 per Cents. are 1021; Peru-
vian 41 per Cents. have advanced to 911; Russian
41 per Cents. to 981 and 991; Venezuelan New 21
per Cents. to 281 and 29, and the 1 per Cents. to
15Z; Dutch 21 per Cents. are steady at 65i ; and
Buenos Ayres 6 per Cents. at 71.
The last week's railway receipts, ascertained up
to this day, are in round numbers as under :-
1859. 1858.
Great Western .. £34,472 £34,219
North-Western
South Western
Brighton
Midland
south-Eastern
Great Northern
Lancashire and Yorkshire
Bristol and Exeter .. 7,271 7,154
North-Eastern
East Lancashire
Manchester, Sheffield, and Lincoln 11,468 10,344
North Stafford
North British 6,451 6,419
Edinburgh and,Glasgow 6,629 6,275
Edinburgh, Perth, and Dundee 3,854 3,752
Glasgow and South-Western
Grand Trunk of Canada
Great Western of Canada 5,629 6,966