The Sun.
London, England, 1859-01-05 00:00:00

MARKET AND CITY NE U'S.

CITY, Two O'CLOCK.
The Money Market continues rather active, there
being a steady demand for accommodation on com-
mercial account. Besides the amount required to
meet the engagements now in course of liquidation,
preparations are in progress for the active promotion
of business, as the prospects of the New Year are
encouraging, and the mercantile community will
no doubt use their strongest endeavours to make
up for the inactivity of trade during the last
twelvemonth. The applications at the Bank were
still rather extensive, and the rate of 21 per cent.
is fully maintained in the general market.
Letters from Liverpool state that the cotton
market yesterday closed heavily, at previous prices.
The sales were estimated at 6,000 bales. The rail-
way share market presented a quiet appearance,
and values tended downwards.

The amount of specie to be taken out by the
Ceylon on the 6th is £512,354, viz., £2,200 for
Ceylon, £150,530 for India, and £359,624 for China
and the Straits. Nearly the whole of this con-
signment is in silver.
About £48,000 in gold was taken into the Bank
yesterday.

Although no further information has transpired
with regard to the foreign loans which have lately
been spoken of, they are still included amongst the
liabilities hanging over the money market. An
opinion is expressed, however, that the operations
contemplated by Austria and Sardinia may be de.
layed in consequence of the unfavourable political
feeling in that part of Europe, but no doubt
is entertained that they will eventually make
their appearance as extensive borrowers. Inde-
pendently of these transactions, the amount of
capital which will be absorbed for other projects
must tell upon the general resources of the market.
A considerable sum will have to be subscribed
during the next few weeks in connection with the
Turkish Loan; the second part of which will soon
have to be provided, the Australian debentures,
railway calls, &c., which will no doubt produce
some activity in discount circles.
The only arrivals announced to-day are the
Tagus, from the. Peninsula, with £1,500, and the
Dolphin, from Antwerp, with £4,000 in silver.
- At the half-yearly meeting of the Colonial Bank,
held to-day, a very satisfactory report was pre-
sented of the business during the last six months,
and the net profit was stated to be £36,320 16s.
4d., from which it was proposed to pay a dividend
of 4 per cent. for the half-year, or 8 per cent. per
annum, leaving a balance of £16,320 16s. 4d. to be
carried to the reserve fund, making that accumu-
lation £37,035 3s. 3d. There was some discussion
in respect to the expenses in the colonies and the
meagre information given to the shareholders, but
the dividend, as proposed, was agreed to, and also
the report of the directors, to whom a vote of
thanks was unanimously passed.
Increased depression is apparent in the market
for public securities. Numerous variations have
taken place, and it is evident that a very unsettled
feeling prevails among the speculators. The state
of continental politics has caused this change in the
aspect of the markets. The telegrams from the
Paris Bourse, which during the last few days
have exhibited a marked depreciation in the Rentes,
are awaited with anxiety. Consols have declined
to 96 and 961, the present quotation being 961 4.
For February they are 961 4. The Government
broker has bought £15,000 Reduced. Bank Stock
is 226. The New Threes and the Reduced
Annuities are 964 4, being heavy. Exchequer
Bills, 375. to 40s. premium. India Loan Deben-
tures, 994 4; and ditto Bonds, 198. prem.
Business In the Foreign Market is quiet, and
prices show a general downward tendency.
Turkish 6 per Cents. are 911 to 92 ; the Scrip do.,
34 to 31 dis. ; and the 4 per Cents. are marked
105,1,- 4. Brazilian 5 per Cents. have receded to
1024; Mexican to 20 ; Peruvian 41 per Cents. to
91 ; ditto (Uribarren) to 854 86 ; and Spanish 3
per Cents, to 451 ; ditto Deferred are steady, viz.,
304 to 31 ; ditto Passive, 101 1. Venezuelan 5 per
Cents. are heavy, at 434 ; Dutch 21 per Cents. are
654 ; and ditto 4 per Cents. 101 4. Chilian Loan
is par to 1 prem.
The Railway Share Market, to-day, has been
decidedly flatter, the [downward movement in
Consols having caused a decline of about I- to 1 per
cent, on most of the principal lines. Nort-Eastern
(Berwick), Eastern Counties, Great Northern,
South-Western, and North-Eastern (York), de-
clined 10s. to 15s. ; Caledonians, Great -Westerns,
Lancashire and Yorkshire, Midland, and North
British, £1; North-Western, £1 ss. ; and South-
Easterns, £1 10s. The Foreign and Colonial lines
are inactive, and prices have shown some depres-
sion. Northern of France have declined about £l.
Great Luxemburg,
~ss. ; Grand Trunk of Canada,
; Great Western of Canada, ss. ; East Indian,
58. to £1 10s.
Joint-Stock Bank and Miscellaneous Shares are
steady. Union of Australia have improved ss. to
'Os., and Canada Land about £2 to £3.

BankBRITISH FUNDS—CLOSING PRICES.
Stock
3 per Cent. Reduced Annuities 96k 1
Now 3 per Cent. Annuities
India Stock
Ditto Debentures
Ditto Bonds, £l,OOO
Ditto under £l,OOO
Consols for Account..

961 a
J .
PXcbequer Bills, £l,OOO, 2d. & March
f 40nue 37
Icilequer Bonds, 1859, 3,4 per Cent

FOREIGN FUNDS—CLOSING PRICES.
Prazilian 5 per Cent.
Chilian, 6 per Cent. —
Ditto 41 per Cent. Scrip ‘ I d
Danish, 1825, 3 per Cent.
Ilexican 3 per Cent. —
Ditto Account
Peruvian 41 per Cent 9l
Ditto (Uribarren), 41 per Cent.
Russian, 1822, £ St., 5 per Cent —
Ditto 41 per Cent.
Spanish 3 per Cent
Ditto New Deferred, 3 per Cent. 3O
Ditto Account
Ditto Passive
SPanish Coin. Cert. of Coup. not funded.. 61 t
Turkish 6
per Cent
Ditto Account
.. 9ll 90i
Ditto New Loan Scrip
Ditto Account
Ditto 2d Issue
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Venezuela, 5 per Cent.
Ditto Account
Dividends on the above payable in LondOn.
French Rentes, 3 per Cent. Ex. 25f.
Belgian, 41 per Cent., Ex. 25f, 991
Dutch Exchange, 12 Guil. 21 per Cent 65
Ditto Certificates, 4 per Cent.

• ' THREE O'CLOCK.
Consols for Account .............. lad