The Sun.
London, England, 1861-04-12 00:00:00

MONEY MARKET AND CITY NEWS.

CT EY, Iwo o'CLocK.
During the last few days there has been rather
!tore animation in the markets for foreign and
colonial produce. Tea at public sale maintained
previous prices. Sugars have been in fair request,
and at slightly advanced rates. Coffee, however,
has undergone little change. In rice the transac-
tions have been on a moderate scale, and inferior
descriptions have slightly declined. For dried
fruit of all descriptions there has been a fair inquiry
at late quotations. Saltpetre and tallow have been
dealt in to a moderate extent without any material
change to report in values, P.Y.C. on the spot
being quoted 58s. 6d. per cwt.
In the Liverpool Cotton Market yesterday, busi-
ness continued rather active, and prices were
steadily maintained. The sales were estimated at
10,000 bales.

The reduction of the Bank of England minimum
to 5 per cent. has not led to any increase in the
demand for accommodation, the money rcarket still
remaining in a very inactive state, although first-
class bills are negotiable at 41 per cent.

About £50,000 in gold was sent into the Bank
of England yesterday,

At a meeting of the creditors of Messrs. Schiliz'zi
and Vuros, Greek merchants, it was resolved to
accept a composition of 10s. in the pound 6s. at once,
and the remainder in October.

The directors of the Eastern Bengal Railway
are prepared to receive applications at par for
Debentures, bearing interest at the rate of 5 per
cent. per annum, which, together with the prin-
pal, will be guaranteed by the Secretary of State
for India.

The interest has been announced for payment
on the Cape of Good Hope Government 6 per
cent. Debentures and Natal 6 per cents.
Although the liabilities of the Preston Old Bank
are stated to amount to between £600,000 and
4700,000, it will be seen by the subjoined cir-
cular, which has been issued by Mr. Henry
Newsham Pedder, the surviving partner, who had
not taken an active part in the management, that
the estate is expected to pay, if not 20s. in the
pound, a very favourable dividend :
Old Bank, Preston, April 10, 1861.
Dear Sir,—ln consequence of the sudden death of my
late brother and partner, Mr. Edward Pedder, who had
the entire management of the bank, I have been engaged
for the last few days in looking ever Ihe accounts, and in
trying to form new arrangements which would give satis-
faction and security to the public. In this latter attempt,
I am sorry to say, I have not been successful, and, after
consultation with some of my best friends, I have come to
the conclusion that, in justice to all parties, I had better
close the bank, and have its affairs wound up. From the
accounts, as they stand in the books, there would appear
to be sufficient to pay all demands in full ; but, in any
ease, there seems no probability of any serious deficiency.
With great regret for any inconvenience this may cause
the numerous friends of the bank, and with gratitude for
all past kindness, I remain, dear sir, your obliged and
obedient servant, HENRY NEWSEAM PEDDER.

The Joint-Stock Banks, following the movement
of the Bank of England, have reduced their interest
on deposits to 4 per cent., the London and West-
minster, however, only allowing 3 per cent. for
sums under £5OO, and the discount houses offer
per cent., for money at call, and 41 per cent.
V.Tith seven days' notice.

A sudden decline of per cent. has taken place
in the Market for Public Securities. Consols being
9_lZ 3,1 for transfer, and 91t- 4 for the 10th proximo.
Some extensive sales have been effected, which,
together with the receipt of lower prices from
Paris, have caused the prevailing depression. The
New 3 per Cents. and the Reduced remain at 901 ;
India Stock 2201 ; Bank ditto is steady at 227;
and Exchequer Bills are 6s. dis.

A moderate amount of business has been recorded
in Foreign Securities. Turkish 6 per Cents. are 701
701 ; ditto 1858, 53/ 4 ; Spanish have improved to
49i ; Mexican, 23i 24; and Brazilian, to 98 ex. div. ;
Chilian, 41 per Cents. are 821 ; and Dutch 4 per
Cents., 981 _ _ .

The market for American Securities during the
Past week has been more active. Messrs. D.
Bell, Son, and Co. state that " during the past
'Week there has been a more active business in
American Securities. Some large purchases have
been made of State Stocks, while the first-class
Itailwt ty bonds are in good demand, with only a
'very limited supply. United States Five per Cent.
Bonds, 81 to 83.

The dealings in the Railway Share Market have
been limited, and prices have not shown any ma-
terial variation. Eastern Counties, North Western,
South Western, Midland, and South Eastern have
3tdvancf3d 55., and Lancashire and Yorkshire, 10s. ;
Great 'Western, North British, and North Eastern
(Berwick), have declined 55., and London and
13righton, 10s. _

The Foreign lines are inactive, and prices are
tnalte red.

Joint Stock Bank and Miscellaneous Shares
have been dealt in to a fair extent. English,
Scottish, and Australian have receded 5s ; Oriental
bank improved 102., Crystal Palace Stock, 10s., and
Royal Mail Steam, 10s.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per ‘Cent. Reduced Annuities 9O it
i 89f
S per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock • •0. 2201
Ditto 5 per Cent
Ditto Enlaced Paper, 4 per Cent —
Ditto 5 per Cent. 94
Ditto 5 per Cent lOOl
Ditto Debentures, 1858
Ditto 1859 96-t

:Ditto Bonds £l,OOO —
Ditto under £l,000
..ecrasols for:Account, May 9 .. 92 11
andia stock for Account
.„ Ditto 5 per Cent.
Zacheqt.ter Bills, £l,OOO, 11d.
D r,`t) £500

Ditto Small ... 5 die '
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 4f per Cent. -
Chilian 6 per Cent
, Ditto if per Cent,
x•qurader New Consolidated
blexican 3 per Cent 24 3/
Russian 5 per Cent. 1822, £ St .. 101}
Ditto 4 per Cent,_
......

Ditto 3-pi,r Cent. 1869.... . ...
banish 3 per Cent
'Turkish 6 per Cent .. 70±
Dividends on the above payable in London.
butch Exchange, 12 Gull. 21 per Cent...
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.

Consols, Money 9ll 3
Ditto Account 914

THE WEATHER.

METEOROLOGICAL REPORTS.

This Day,
between 8 and B. E. M. D. F. C. L S.
9 a.m.
---1-- _ --
Nairn 3049 49 46 jWS. W. 3 1 b. 2
_Aberdeen
Leith 30.51 46 45 E. 2 9 f. 1
.Berwick 30.51 49 46 N.E. 1 9 f 1
Ardrossan
Yortr ush ..
Shields
Galway 30.54 50 48 W. 4 1 f. 2
Scarborough 3048 48 47 N.N.E. 3 4 b. 2
_ Liverpool
.Valentia 30'58 51 49 E.B.E. 1 5 b. 1
clueenstown 30'50 45 44 N.N.W. 2 3 c. 1
1, armouth 3045 47 46 N.N.W. j 3 4 m. 2
4 ndon 130 43 51 47 N. 1 9 0.
Do\ rer 130.42 48 45 N.W. 3 8 0. 1
tort fsmouth •. , 3044 49 46 N. 3 9 0. 1
Vort.land
Ply nn onth
14enza nce I 3049 52 49 N.E. 1 4 b. 2

PY ANATIoN.—B. Barometer, corrected and reduced
to 32 deg at mean sea level ; each 10 feet of vertical rise
'causing about 1-100th of an inch diminution, and each 10
'leg above 32 deg causing nearly 3-100ths increase. E.
-43zposed thefmometer in shad©. M. Moistened bulb (for
evaporation and dew-point). D. Direction of wind (true--
4ot, magnetic). F. Force (1 to 12—estimated). C. Cloud
(1 to 9). I. Initial's :—b., blue sky; c., clouds (detached) ;
. k
'.) fog. • h., hail ; 1., lightning ; m., misty (hazy) ; 0.,
overoast' (dull) ; r., rain; s , snow • t., thunder. A letter
'elpeoted augments—tht,:s, r.r., much rain. S. Sea disturb-
auce (1 to 9).

COMPENSATION.—Since. 1820 the public have
Dltid to various corporations, companies, and other bodies
tb e enormous sum of £978,914 as compensation for their
t, using to levy differential dues on foreign ships. Hull has
1041 above L 170,000, and now gets £24,0u0 a year ; New-
ca.utle has had £250,000, and is receiving £17,000 a year;
Liverpool has had £172,000, and at this day has above
£2,400 a year. The payment from the public purse last
Yeas~ was X 55,906, and the amount is constantly increasing
kit;, our increasing foreign trade. It 18 cow double what
it was 15 years ago, and it is impossible to say what it
will reach—already it might have been £140,000 a year,
but that opportunity has been taken in various places to
Purchase the claim, or to abolish it by a clause in the local
act, and in some places it was voluntarily relinquished
racily years ago.