The Sun.
London, England, 1861-01-24 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two O'CLOCK.
Although very little alteration has taken place
in the condition of the money market, an easier
tone prevails, and the tendency of affairs appears
more favourable, in consequence of the diminished
pressure upon the resources of the Bank of England.
During the last few days the withdrawals of gold
have been comparatively moderate ; and as accom-
modation has been obtained on easier terms in the
general market, the authorities have also experi-
enced a falling off in the demand for loans.
There were no bullion operations at the Bank of
England yesterday.
At the forthcoming meeting of the Australian
Agricultural Company a dividend of 20s. per share
will be proposed.
A call of 2s. 6d. per share has been made by the
Directors of the Clarendon Consolidated Mining
Company of Jamaica.
There was an active demand for cotton in Liver-
pool yesterday, and prices continued arm. The
sales were about 12,000 bales.
The half year's interest on Cape of Good Hope
Government 6 per cent. Debentures will be paid on
and after the 31st inst.
At the meeting held to-day of the creditors of
Messrs. L. Rodocanachi and Co., Greek merchants,
who recently failed, it was stated that the liabilities
amounted to £101,750, and the assets to £133,320
irrespective of £13,279 doubtful debts, which
it is anticipated will realise a large sum. The
suspension was produced by the stoppage of Messrs.
P. Ede, Son, and Co., who are debtors to the extent
of £18,882. After a few remarks the following
resolution was unanimously agreed to by the few
creditors present :

" Messrs. L. Rodocanachi and Co. having explained the
position of their several houses in London, Liverpool,
Marseilles, Constantinople, Alexandria, and Cairo, by
which it appears that their (area eugageni...c.
amounted to £101,750, and the assets, which might be
depended upon, amounts to upwards of £133,000, it was
resolved that Messrs. L. Rodocanachi and Co. should con-
tinue to liquidate their estate, that the proceeds should be
paid into an account at the Bank of England, in the joint
names of L. Rodocanachi, Mr. A. S. Ralli, and Mr. J. E.
Coleman, and that Messrs. L. Rodocanachi and Co. take
the most effectual and speedy-means of communicating with
their partners abroad, so as to be enabled to specify periods
for the payment of the liabilities in full, and that this meet-
ing be adjourned to the first week in March, to enable them
to carry out the terms of this resolution. and that notice of
a further meeting be given as early as possible."
At the meeting to-day of the Mercantile Dis-
count Company, the directors report, which recom-
mended a voluntary liquidation was agreed to.
The estimated value of the assets after paying cre-
ditors is £14,319, and the profit and loss account
£34,880 ; but the auditor thinks that] the loss will
not exceed the sum of £32,000.
The market for Public Securities is very dull, but
rather firmer, viz., 91! 1 for money, and 91: a for
the account. A favourable effect has been produced
by the easier state of the money market, but busi-
ness is exceedingly inactive. The New Threes are
steady, at 911 1 ; the Reduced, at 511 1; the New
2! per Cents. are fiat, at 76 ; Bank Stock remains
at 233; India ditto, at 2181 , ditto 5 per Cent.
Lout is flat, at 1001 ; and Exchequer Bills show
no alteration, being ss. to ls. die.
Coltinued activity prevails in the Foreign
Market, and prices, in some instances, show in-
creased buoyancy. Turkish 6 per Cents. are 691
to 70; ditty New (1858), 55/ a ; and the 4 per
Cents are 1011. Mexican are firmer at 221
Portuguese at 451 ; Spanish at 48-1; ditto Deferred;
at 44 Russia 41 per Cents, are flat at 921 1;
ditto (1860) are 101; and Sardinian 811. Dutch
4 per Cents. remain. at 1001.
The last week's railway receipts, ascertained up
to this day, are in rouni figures as under :

Great Western lB6l. 1860.
• ....... £33,304 £34,015
North-Western .. .
South-Westernh ................ . 14,015 13,956
Midlandi ton
.......................... .. 37,274 36,700
South-Eastern
15,374 17,036
Great Northern
24,357 24,841
Lancashire and Yorkshire
Bristol and Exeter 5,353 32,360
5,632
North-Eastern
North British
6,336
West Midland
6,488 5,576
6,347
Great Southern and Western of Ireland 7,236
,
7,2 i 3
0,324
Edinburgh and Glasgow
5
Glasgow akd South Western 7,434 862 5 633
Grand Trunk of Canada 12,244 10,136
G- Lt W '

area, astern of Canada . 7;212 5,535
These returns, completed in most instances up
to the ' commencement of the present week,
still show some unfavourable features compared
with those of the same period in the previous year.
On the Great Western there is a decrease of
£711; on the North Western of £1,580 ; on the
South Western of £59; the Brighton of £1,251
the South Eastern of £1,662 ; and the Great
Northern of £484. On the Midland, however,
there is an improvement of £574; the Lanca-
shire and Yorkshire of £914 ; the North Eastern
of £548 ; the Grand Trunk of Canada of £2,108 ;
and the Great Western of Canada of .£1,707.
The transactions in the Railway Share Market
have been moderately active, but prices in several
instances have been unfavourably influenced by
the character of the traffic returns. Caledonian,
Great Western, Lancashire and Yorkshire, and
North British have declined ss. ; Bristol and
Exeter, Great Northern, North Eastern (Berwick),
and South Eastern, 10s. North Westerns im-
proved 55., Manchester, Sheffield, and Lincoln, 10s.,
and London and Brighton, 15s. Quotations, how-
ever, are now generally buoyant.

The Foreign and Colonial undertakings exhi-
bited little variation, with the exception of Grand
Trunk of Canada, which advanced about 10s.
great Western of Canada and East Indian re-
llained at previous values.
Joint-stock Bank and Miscellaneous Shares have
slightly improved. Ottoman Bank advanced 55.,
and Union of Australia, 10s. ; Crystal Palace Stock
declined ss.

BRITRII FUNDS—CLOSING PRICES.
'lank Stock .. . 233 2
3 per Cent. Reduced Annuities 91} $ 1
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 9li42ii
New 22 per Cent. Annuities 76
India Stock • '2lBl
.. .
Ditto 6 per Cent lOO2 I I
Ditto Debentures, 1859 95;
Ditto Bonds £l,OOO l2
Consols for Account, Feb. 7 9ll i I
Exchequer Bills, £l,OOO, 11d
D itto £5OO 1 5 dis
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 6 per Cent ..
Ditto 41 per Cent, 1858' .. .. 852
Ditto 42 per Cent. 1860 .. B5l f
Buenos Ayres, 6 per Cent .... —
Ditto Deferred
Mexican 3 per Cent ..
Ditto Account 22± 1/ 2i
New Grenada Active, 31 per Cent.
Portuguese 3 per Cent., 1853 •• •
Ditto Account
Ditto 3 per Cent., 18b6, '7 and '9 .. 45/ 3
Russian 6 per Cent. 1829, £ St ..
Ditto 4} per Cent. - I
( ......... 90
991 1
Ditto, 1860 -1
Ditto 3 per Cent, 1859 ****oli 1
Sardinian. 5 per Cent..
Ditto Account
Spanish 3 per Cent. '•
.......
84
Ditto Account
...... ••••'•••'o••••••+••
i 4-8 Ditto New Deferred ...
Ditto Account
Ditto Passive 402
Turkish 6 per Cent
Ditto Account ...............
_
Ditto Now Loan ..................
Ditto Account
Ditto Guaranteed, 4 per Cent......
—65414 5 41 51 4
Ditto Account .................. .
Dividends on the above payable in London.
Belgian, 41 per Cent., Ex. 25f
97
DAL) Certificato, 4 per Cent.
THREE
Consols, Money ....... . 9ll
Ditto Account

H STRIKE.—An TIIE ORSE-NAIL _TAKERS'
fluential meeting of horse-nail makers was held at the hotel,
Dudley, on Tuesday,' when it was resolved that the resolu-
tisa passed at Lichfield on the 4th inst., to the effect that
tile "unreasonable and unjust" demand for increased wages
should be strenuously resisted, should be strictly adhered to.
A second resolution was also passed, offering £5O reward for
the detection of bellows cutters, and £5 for the convibtion
f
any
person intimidating a workman.
The divenir Commercial gives some details re-
specting the new coinage to be issued in France. All the
Wiees are to bear the impression of the Emperor's head,
tot,.°_ wiled With laurel, in token of his Italian victories. On
e and some of the silver coins the present reverse is
u be replaced by the imperial arms, mantle, sceptre, &c. 1440 e of the men who escaped from Norwich Castle
1r week, James Simpson, has been captured at Ipswich by
Other il"raY, governor of the Suffolk County Prison. The
man, William. 13arber, was at large up t 9 mtuclaY,