The Sun.
London, England, 1861-07-03 00:00:00

MONEY MARKET AND CITY NETV,F.

CITY, Two o'CLocK.

Continued activity is reported in the discount
market, and the inquiries at the Bank of England
are very numerous.

The supplies of gold in the Bank of France hav-
ing again become exhausted, the authorities
have exercised their right of paying in silver
instead, rather than resort to the expedient they
adopted a short time since of obtaining by means
of an exchange a large quantity of the former
metal from the Bank of England. The circum-
stance, however, has not created much surprise,
although it materially forms one of the principal
topics of conversation in monetary circles.
A further sum of £16,000 in gold was taken into
the Bank yesterday, while 70,000 sovereigns were
withdrawn for America.

The amount of specie to be taken out by the
Ceylon, which leaves tomorrow for the East, is
£274,681 ; of this amount £140,434 is despatched
by the Government.

A general advance took place in the foreign ex-
changes yesterday afternoon.
In the Liverpool Cotton Market, yesterday, a
good demand was again experienced, and the sales
amounted to 20,000 bales, of which 12,000 were
taken for export and on speculation ; prices of all
descriptions were well supported, and in a few in-
stances
a further slightly upward tendency was
apparent.

A meeting is now being held of the New Grena-
dian Bondholders. A lengthy discussion which is
Still in progress has been produced by the report
of the Special Committee.
The half-yearly meeting of the proprietors of the
Colonial Bank has just been held, when it was
stated that the net profits for the six months to
31st December last, after providing for all bad and
doubtful debts, was £36,774, from which it was
resolved to declare a dividend of 5 per cent. ; leav-
ing £11,774 to be carried to the reserve fund,
which now amounts to £92.714 18s. 4d.

The market for Public Securities to day has re-
mained in a very quiescent state, but Consols have
been steadily maintained, narc ely, at 891 I for trans-
fer, and 89/ 1 for the account. Speculation con-
tinues exceedingly dull. The New Three per
Cents, and the Reduced Annuities remained
steady, at 881 Z. Bank Stock declined to 2281,
229 ; the 5 per Cent. India Loan realised 981 1 ;
and the 5 per Cent. Enfaced Paper, 94 ; Exche-
quer Bills were heavy, at 7s. to 12s. dis.
The operations in the Foreign Stock Market
have been numerous, and prices were well sus-
tained. Old Turkish 6 per Cents. advanced to
734 and the Loan of 1858 to 581 1. Mexican
Stock remained firm at 22 ; Spanish brought 481 ;
the Deferred 411; Venezuelan 3 per Cents. 18 ; and
Brazilian 5 per Cents. 991.
The transactions in the Railway Share Market
have been to a fair extent, and an upward move-
ment has taken place in prices. Great Westerns,
Lancashire and Yorkshire, North Westerns, North
Eastern (Berwick), and North Eastern (York) have
advanced 55.; Manchester, Sheffield, and Lincoln,
and South Eastern, 10s. ; and Caledonian 15s.
Eastern Counties, however, declined ss.
In the Foreign Market no business of importance
was recorded. South Austrian and Lombardo-
Venetian, however, were flat at 151.
The Colonial Lines were generally at slightly
enhanced prices. Grand Trunk of Canada improved
55., Great Western of Canada 55., and East Indian
10s.

Joint-Stock Bank and Miscellaneous Shares re-
mained inactive, but fully maintained previous
rates. Bank of Egypt brought 19i ; Union of
Australia, 40 ; and Peel River Land, 63.

BRITISH FUNDS—CLOSING PRIORS.
Bank Stock
a per Cent. Reduced Annuities BB3/4 a
3 per Cent. Consols Annuities
New 3 per Cent. Annuities BB3/4 i f
New 33/4 per Cent. Annuities 95
India stock .
Ditto 5 per Cent
Ditto Enlaced Paper, 4 per Cent —
Ditto 5 per Cent.
Consols for Account, July 10 . 89i a
March.

June.

Exchequer Bills, £l,OOO, 2d —
D rto £600
Ditto Small
FOREIGN FUNDS—CLOSING, PRICES.
Brazilian 5 per Cent
Ditto 43/4 per Cent., 1858 B6
Chilian 6 per Cent
Ditto 43/4 per Cent.
Mexican 3 per Cent
Ditto Accountl
Russian 5 per Cent. 1822. £ St
Ditto 43/4 per Cent.
Sardinian 5 per Cent.
Ditto Account ..... 782
SP tnish 3 per Cent
Ditto New Deferred ±
Ditto Passive
Turkish 6 per Cent
Ditto Account
Ditto New Loan
-Ditto Account
Ditto £lOO Bonds
-Venezuelan 3 per Cent
Dividends on the above payable in London.
THREE O'CLOCK.
Consols, Money .
Ditto Account 893/4 1

THE WE 1 TIIER.

METEOROLOGICAL REPORTS.

This Day,
between 8 and B. E. 31. D. F. C. 11. S.
9 a.m.
-- _
Nairn 29.74 55 53 _i ---
4 6c. 3
Aberdeen
Leith ..
Berwick 29/8 58 54 W. 3 2 b. 3
Fortn.sh
W. 4 4I r. 4
Shields
29.83 57 52 N.W. 4 3i b. 3
Galway 29.99 65 63 W. 5 4 0 4
Scarborough 29'85 59 55 N.W. 3 6 c. 2
Liverpool
Valentia.
Queenstown 30'03 59 56 W. 2 1 b. 1
Yarmouth 29 90 57 55 N.N.W. 6 6' o. 2
London 29.98 69 52 N.W. 2 21 b. _
Lover 29.97 62 60 I S.W. 2 9 b. 1
Portsmouth 30.00 61 68 N.W. 3 61 m. I
Portland
Plymouth
Penzance .... 30.12 62 61 W.N.W. 2 2 b 3

EXPLANATION.—B. Barometer, corrected and reduced
to 32 deg at mean eea level; each 10 feet of vertical rise
causing about 1-100th of an inch diminution, and each 10
deg above 32 deg causing nearly 3-100ths increase. E.
Exposed thermometer in shade. M. Moistened bulb (for
evaporation and dew-point). D. Direction of wind (true—
not magnetic). F. Force (1 to 12—estimated). C. Cloud
(1 to 9). I. Initials :—b,, blue sky ; c., clouds (detached) ;
f., fog. ; h., hail ; 1., lightning ; m., misty (hazy) ; 0.,
overcast (dull) ; r., rain ; s., snow ; t., thunder. A letter
repeated augments—thus, r.r., much rain. S. Sea disturb.
ance (1 to 9).

THE BANK OF FRANCE.—Last year the Bank of
France, finding their stock of gold almost exhausted, and
that unless they could obtain a fresh supply they would
soon be compelled to pay exclusively in silver, contrived to
meet the difficulty by an arrangement with the Bank of
England. They are entitled to discharge their obligations
ither in gold or silver, as each is a legal tender in France.
The value of silver in the market was then, however, rela-
ively higher than that of gold, and the directors were con-
equently apprehensive that if they disbursed it to all ap-
Plicants there might be a heavy run upon them for the sole
Purpose of realising in distant markets the profits thus ob-
tained. Hence it was considered desirable to buy a certain
Burn of gold from the Bank of England. This state of af-
fairs has again occurred, but under different conditions.
The Bank of France find it expedient to pay their notes in
*liver, but the operation can now be conducted without
danger, since, owing to the absence of demand for China,
and the recent heavy arrivals from Mexico, silver has ex-
perienced a considerable fall, which removes all temptation
'or persons to apply for it for anything beyond the ,rdinary
Ilrrency requirements.

EXTRAORDTNARY ESCAPE FROM DROWNING.—
Last night, at 10 o'clock, the Teal steam vessel, Captain
Vegan, which made the last up passage from Woolwich,
was about midway between London-bridge and Blackftiars,
when a gentleman who was incautiously sitting on the side
the vessel, fell backwards into the water and instantly
*4llr. The utmost alarm prevailed, as it was nearly dark at
he time, and the vessel had full steam on. The captain,
Vith much coolness, ordered the engines to be reversed and
IhB vessel was put back a few yards, but as three minutes
'3!41 elapsed and the man was not seen, all on board con-
'ldered the case hopeless. Fortunately, however, David
iltuning, engineer of the Teal, perceived the drowning man
as he rose to the surface near the stern of the vessel, and
instantly threw out a boathook, which was eagerly clutched,
by this means the sufferer was rescued from death, and
t'ot'ed from the vessel in an exhausted state at Black-
tta"-Pier. The passengers expresiseed their unqualified
admiration at; the efforts math. by the capt.titt arid crew to
,save life.
The book fair for Southern Germany, just held
't!'filtkfcard, was attended by the reffesentitives of above
400 houses engaged in the trade. The settling of accounts
passed off very satisfactorily, and the booksellers, hetoi-e
they lett Stuttgard, made the necessary arrangements for
!al)Plying to the different German Governments to enact new
taws for regulating the hawking of books, and protecting
tc productions against photographic piracies.