The Sun.
London, England, 1859-07-06 00:00:00

MONEY MARKET AND CITY NEWS'.

CITY, Two O'CLOCK.
increased easiness is already reported in the
general Money Market. The demand has dimi-
nished, and the augmented supplies which will
accrue from the payment of the dividends, already
commenced, have induced bill-brokers and others
to lower their terms to about the • same
level as they stood at before. The pre-
parations connected with the 4th created addi-
tional firmness. The quotations once more range
as low as 21 per cent., and in the course of a few
days the possibility of a reduction in the minimum
to that point may be again discussed. The bullion
is still increasing, and although the payment of the
dividends may cause a slight reduction in that item,
the other securities will probably be diminished by
repayment of advances obtained on stock during
the shutting of the transfer books.

The foreign exchanges yesterday afternoon
exhibited a slight decline on the rates on Ham-
burg.

A sum of £20,000 was sent into the Bank of st
sty
England yesterday.
The silver market is quiet, bars being ss. 21-d. g
per ounce standard. Very little alteration is re-
ported in the Eastern exchanges, but the quota-
tions at Calcutta and Bombay are not calculated I S
o stimulate the shipments of that metal from this
side.

The Liverpool Cotton Market yesterday closed
with a very firm appearance, and 5,000 bales were
sold at previous values. In Railway Shares a fair
amount of business was transacted, and prices had
an upward tendency.

The transfer books of the Recife and Pao Fran-
cisco Pernambuco Railway Company will be closed
from the 18th to the 31st inst. for the preparation
of the half-yearly dividend.
At the half-yearly meeting of the Colonial Bank
held to-day, a report was presented stating that the
net profits of the half-year had amounted to
£33,070 15s. 9d. This was a diminution when
compared with the previous six months, but it was
accounted for by the unsettled state of political and
commercial affairs in Europe, and in South
America. The Reserve Fund was £37,035, but
would now be increased to £50,105. The directors
recommended a dividend at the rate of £4 per cent.
for the half-year, or 8 per cent. per annum. There s
was very little discussion, and the report was g
adopted.
At the commencement of business this morning
the market for Public Securities presented a quiet
appearance, and the Funds were heavy at the de-
preciated quotations current yesterday afternoon.
Soon afterwards, however; a rise of 9 to I per cent:
took place, but it was merely temporary, a re-action
having since occurred to the previous range of
prices. Consols have been 931 931 t, and they
are. now 938 A. The principal business attended
to is the adjustment of the monthly account, which
is making steady progress, very few operations
having yet been recorded for the new account.
The New Threes are rather flatter, at 932 e ; the
Reduced, at 93& ; India Loan Debentures, at 941;
ditto Scrip, at 94-1- 1. Bank Stock is steady, at
221 ; India ditto is marked 213 ; the New Two-
and-Half per Cents., 82 ; the Five per Cent. Annui-
ties, 108 ; and Exchequer Bills, 225. to 245. prem.
The transactions in Foreign Securities have been
very restricted, and prices generally are rather
heavy. Turkish 6 per Cents. are 76 to 77 ; ditto
New, 622 to 632 ; Mexican has receded to 184;K ;
Spanish, to 41i ; Dutch 22 per Cents., to 631; and
ditto 4 per Cents., to 981 ; Brazilian 41 per Cents
however, are firmer at 93.

The transactions in the Railway Share Markel
have been limited ; some of the principal lines,
however, show rather more firmness, while others
are inactive. Eastern Counties have improved his.,
and Bristol and Exeter and South-Western 10s. ;
Great Western, Midland, and North - Eastern
(Berwick) declined 55., and Great Northern' 10s.
The foreign and colonial lines have been exceedingly
quiet. Lombardo-Venetian Old Shares were steady
at 7a ; and the New at 71 2 and 71. Grand
Trunk of Canada brought 352 36 ; Great Western
of Canada improved to 15 and 15i ; and East st
Indian were steady at 1021. sti
Joint-Stock Bank and Miscellaneous Shares It:
allow at slightly lower quotations. Union of Z4i
Australia have declined ss. to 10s. ; London and st
Westminster, ss. ; Canada Land, 10s. ; Red Sea
Telegraph, ss. ; and Royal Mail Steam, £l. st

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities - 93 a :
i 14
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
New 21 per Cent. Annuities
5 per Cent. Annuities lOB
Long Annuities, expire sth Jan., 1860....
_.
Ditto for 30 Years, expire sth April, 1885.. 171
India Stock
Ditto Debentures'
Ditto Loan Scrip
Ditto Bonds, £l,OOO
Consols for Account (July 8)
JEf:xchequer Bills, £l,OOO, lid .. 24 24
Ditto £5OO • 22
Ditto Small, lid
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent.
Ditto 1858, 4?.! per Cent. 93 21
Buenos Ayres, 6 per Cent. —
Ditto Deferred lB
Mexican 3 per Cent.
Ditto Account .. 181
l'eruvian. 4t per Cent —
Ditto Account
Ditto (Uribarren), 41 per Cent. .. 78i n
Ditto 3 per Cent. —
Ditto Account . 651
Russian, 1822, £ St., 5 per Cent lO6l
Spanish. 3 per Cent
Ditto Account
Ditto New Deferred, 3 per Cent
Ditto Account
Turkish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account
• Dividends on the above payable in Lonam.
Dutch Exchange, 12 Guil. 2i per Cent 631 41 x d
Ditto Certificates, 4 per Cent.
THREE O'CLOCK.
Consols for Account, July 8 .... 93 1 x d

414 xd

30/

77 6i

AFFRAY BETWEEN ENGLISH AND at
FRENCH FISHERMEN IN THE DOWES. Sty

It appears that French fishermen have been in
the habit of visiting this part of the coast of Eng-
land, for the purpose of long-line fishing, within
the limits prescribed by the fishery convention ;
and, in fact, have become so daring as to shoot
their lines within a short distance of the shore, to
the great annoyance and serious loss of our fisher-
men, in consequence of the Frenchmen invariably
cutting their nets whenever they happen to come
into contact with their lines. As an instance, we
are aware that one of the Kingsdown boats has lost
.nets and gear to the value of two or three hundred
pounds within a year or two, and from the whole
fleet it is to a much more serious amount. They
attribute the losses to the want of protection from the
Government in not having followed the example of
the French, who not only protect fishermen in their
own waters, but on the English coast likewise by
'cruisers. Having borne these losses for.some time
without obtaining redress, it appears that on Thurs-
day evening last, on observing 18 of these French
Tuggers shooting their lines, the crew of the Mary
~Slane a fishing' boat of this port, determined upon
the nearest taking the law into their own hands, and boarded
Frenchman, having however, first re-
quested the captain of the French cruiser to order
•th
em °A; who refused to interfere. After a short
struggle,•
in -which one Frenchman drew his knife
and menaced his assailants, they were captured and
brought
shoresurrounded
with the boat, which was imme-
diately
by three or four hundred people
;in a state of
great excitement. On the following
=calling the Frenchmen attended the collector of
c.nstsems at the Custom-house, who, after hearing
both s:4les, of the question, advised the Deal fisher-
men 1101; to take any further steps in the matter, as
had committed a breach of the peace by taking
tt
ia.v, into their own hands ; but, at the swine
:hlleey
ti :me,
in relaasing the French boat, he cautioned the
crew, and pointed out the penalties to which they
had rendered themselves amenable under the
Fishery Convention Act.
W reported
understand
heGtt the ci r -
c umst a n c e was immediately
customs, to vern-
I went by the collector of and that the
Admiralty ordered her Majesty's steam tenciflr
lizard (which has since arrived) to repair at once
to the Downs, and render such protection to our
ahermen as might be necessary, We congratulate
our fishermen. in having at length obtained the
protection to which they have so long been entitled
laid we trust the Government will continue to
watch over their interests, and thus avoid these
serioue disputes, which might involve far more im-
portant consequences in the present excited state of
.the continental powers, .Kentish Gazette.