The Sun.
London, England, 1861-06-12 00:00:00

OIONLY MARKET AND CITY NEWS.

CITY, Two O'CLOCK

The money market remains in a very steady
position, the inqui:•ies being moderate, while the
rates are firmly maintained. Some anxiety, how-
ever, is manifested, especially in speculative circles,
with regard to the future tendency of the quota-
tions, owing to the probable effect of the Indian
loan and the shipments of sovereigns to America,
which it is thought may yet necessitate further
measures of restriction on the part of the Bank
authorities. The commercial community are less
apprehensive upon this subject, and merely supply
their immediate wants, which, in the present inac-
tive state of trade, are comparatively moderate.
In the Foreign Exchanges yesterday afternoon
there was very little alteration, but in a few
instances an advance took place.
About 70,000 sovereigns were taken out of the
Jank yesterday.

The Liverpool Cotton Market yesterday pre-
sented a dull appearance, and the sales only
amounted to 6,000 bales, 2,000 of which were on
speculation and for export. Prices of several de-
scriptions were a shade lower.

The first meeting of the proprietors of the

Labuan Coal Company was held to-day, when the
directors' report, of which the following is an ex-
tract, was unanimously adopted :—" The prelimi-
nary operations which had to be carried out before
commencing to raise coal, consisted of repairing the
-whole of the surface railways and the engine-
house, altering the steam engines and ma-
chinery, repairing the entrances to the slants,
constructing a self-acting incline from the
slants to the jetty, reconstructing the old jetty
for shipment of coal, repairing old houses
and building new ones for the Europeans and
native labourers, preparing the pit for the reception
of the new pumps by the "Yarra," and opening out
the old workings for a supply of coal to start the
steam-engines with. A very considerable amount
of work was involved in these operations, but the
Shareholders will be pleased to learn that by the
last advices they were all completed, with the
exception of the self-acting incline and the steam-
engine, which only waited for some portions of
machinery by the " Yarra."
Rather less firmness has pervaded the English
Stock Market to-day, owing to a renewal of specu-
lative sales, and the shipment of gold to America.
Consols have therefore been rather heavy, at 89-1
for transfer, and 901 1 for the account. The New
Threes are 891 ; the Reduced 891 ; Exchequer
Bills, March, 2s. dis. ; ditto, June, par to 4s. prem.;
Bank Stock is 2311 233 ; India 5 per Cent. Loan,
974 98; and ditto 51 per Cent. Enfaced Paper, 104.
The dealings in the Foreign Stock Market have
been very numerous, but prices have not varied to a
Material extent, Turkish 6 per Cents. are 701 711;
ditto, 1858, 554, a ; Brazilian, 98 ; Chilian, 1001 ;
Mexican, 22 ; Russian, 102 ; Sardinian, 771 ;
Spanish, 501; and Belgian, 981.
Business hi the Railway Share Market continue
*very inactive, and the few bargains recorded were
mostly at reduced prices. Caledonians, Great
Westerns, North Westerns, and South Easterns
declined 55.; South Westerns, and Manchester,
Sheffield, and Lincoln, 10s. ; Lancashire and York-
shire, 15s ; and Midlands, £1 ; North Eastern
(Berwick), advanced 10s.
The Foreign and Colonial undertakings were
neglected. Du;ch Rhenish receded to 131, and
Great Luxembourg were flat at Great Indian
Peninsula improved 98k, and Eastern Bengals
brought 141.

Joint-Stock Bank and Miscellaneous shares
have barely maintained former prices.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities B9l I
3 Per Cent. Consols Annuities
New 3 per Cent. Annuities 892 k
India Stock .. .
Ditto 5 per Cent .. 93 7/
Ditto Enfaced Paper, 4 per Cent. —
Ditto 51 per Cent.
Consols for Account, July 10 (301 1
March. June.
tx.ehequer Bills, £l,000, 2d
D tto £5OO 2 dis
Ditto Small

13 FOREIGN FUNDS—ONE O'CLOCK.
razilisn 5 per Cent
Ditto 41 per Cent., IS6a . 871 7
Chilian 0 per Cent
Ditto 3 per Cent.
Ditto 41 per Cent.
Mexican 3 per Cent
Peruvian 41 per Cent —
Ditto (Uribarren), 41 per Cent. . B3l
Portuguese 3 per Cent.. 1853. ~ •

Ditto 3 per Cent., 1856, '7 and '9 .. 471
Russian 5 per Cent. 1822, £ St .. 102
'"ardinian 5 per Cent.
Spanish 3 per Cent .... 50f
Ditto Passive
Turkish 6 per Cent .. 701 11
Ditto New Loan
Dividends on the above payable in London.
Belgian 4/ per Cent., Ex. 2sf.
TWO O'CLOCK.
Console, Money B9P.,
Ditto Account 9ok i