The Sun.
London, England, 1861-01-14 00:00:00

MONEY MARKET .41VD CITY IVEWS.

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CITY, Two o'CLocx.

From the manufacturing districts the accounts
during the past week have again been of a rather
unsatisfactory character, although the easier state
of the money market consequent upon the distri-
bution of the January dividends has caused a better
feeling in home departments. At Leeds the opera-
tions in cloths have only been for immediate require-
ments without anj material change in values. Their
has been rather more inquiry for India goods at
Manchester, and for some descriptions higher rates
are demanded. At Bradford the worsted trade has
continued dull, and in the piece goods market the
dealings were of a very limited character, without
any alteration in prices. The hosiery trade at
Leicester has continued very depressed, and many
of the operatives are still out of employment. In
the various hardware districts business remained
exceedingly inactive, and little improvement is
anticipated until a change of weather takes place.
The traffic receipts of the Great Western Rail-
way of Canada for the week ending the 28th ult.
exhibited an increase of LlO3 compared with the
same period in 1859

There were no bullion operations of importance
at the Bank of England on Saturday.
A dividend, at the rate of 15 per cent. per
annum, was declared by the Bank of New South
Wales, at the meeting held in Sydney on the 24th
October last.

At the forthcoming meeting of the North British
Australasian Company, a dividend will be proposed
of 7 per cent. per annum.
The Directors of the Union Bank of London
have announced a dividend of 12s. per share for the
six months ending the 31st December last, the nett
profits during that period, after payment of all
charges and including the sum of £69,855 for
Interest paid and due to customers on their current
and deposit accounts, and allowing for bad debts,&c ,
having amunted to £63,063, which, with the sum
of £3,406 brought forward from June last, makes
the available balance £66,470.
There was an active demand for all descriptions
of cotton in the Liverpool Market on Saturday,
and prices tended upwards. The sales were
20,000 bales.
The Money Market is now comparatively quiet,
the terms being easier and enquiries moderate.
9perations in most departments being confined to
immediate requirements. The general demand for
accommodation has been diminished, and this has
occurred at a moment when the available supplies
are largely augmented by tke payment of the
January dividends. Affairs necessarily present an
improved appearance. The reactionary tendency
of the rates is shown by the negotiation of first-
Class three and four months' bills in discount
channels, at 61 per cent., while the current terms
for loans on stock range from 5 to 6 per cent.
At the meeting of the proprietors of the Union
sank of Australia just held, a dividend of 6 per
cent. for the past half year was declared.
There has been very little activity in the
Market for Public Securities to-day, owing to
the quietude of speculation. A few transactions
for trap sfer, including some sales for small amounts,
have taken place, but they have not led to any
material change in values. Consols, however, are
firmer, namely, 91* 8 for money, and 92 if for
February. The New Threes and the Reduced
remain fit 91* ; the New 2* per Cents. have receded
to 76; India Stock is firmer at 220* ; ditto New
Loan is steady at 1001 8 ; but .Exchequer Bills are
Sat at Ts. to 2s. discount.
Foreign Securities have been dealt in to a fair
extent, at in 'some instances higher quotations.
Turkish 6 per Cents. are 70 to 70* ; ditto New
56 to 661. Mexican are flat at 21i. Russian 3
Per Cents. have improved to 104*; Sardinian to
824; and Spanish Passive to 17* I. Dutch 4 per
Cents., are 1008, and Portuguese 441.
Business in the Railway Share Market has con-
tinued very quiet ; a slight improvement, however,
has taken place in one or two of the principal un-
dertakings. Lancashire and Yorkshire, Great
Western, and South-Eastern have advanced about
ss. ; Caledonian and North-Western, however, re-
ceded 6s. ; and South-Western and North-Eastern
(Leeds), 10s.
In the Foreign Market transactions were very
limited. South Austrian and Lombardo-Venetian
declined to 12, and San Paulo were flat at 21.
The ColOni_a_ lines cuutiuuva w cto timra _
Grand Trunk of Canada, however, advanced 'about
sa. ; East Indian and Great Indian Peninsula
remained at previous quotations.
jOint Stock Bank and Miscellaneous Shares
have been in limited demand without any material
Change in values.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities 914 a
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 9ll 4
New 2i per Cent. Annuities 76
India Stock • 0000 i
Ditto 6 per Cent
Ditto Enfaced Paper, 4 per Cent. —
5 Ditto 5 per Cent. 94
1 per
Ditto Debentures,Cent 1858 9546
Ditto Bonds £l,OOO 8 die
.011. sols for Account, Feb. 7 94 2
Zzehequer Bills, £l,OOO, 10
Ditto £5OO 7 dis
Ditto Small
FOREIGN FUNDS—ONE O'CLOCK
Mexican 3 per Cent 2l i
Portuguese 3 per Cent.. 1853 OO .. 44/
._Ditto 3 per Cent., 1856, '7 and '9 .. 41 /
'Silesian 6 per Cent. 1822, £ St .. 1041
Sardinian 5 per Cent
sPanish 3 per Cent. —
Ditto Passive
Turkish 6 per Cent —
Ditto New Lodn
Dividends on the above payable in London.
Preach Rentes, 41 per. Ex 25f 67f. 25e.
Be
• g 1
i •an
T, , 41 per Cent., Ex. 25f
.ulttch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.
TWO O'CLOCK.
Consols, Money .. 9ll /
Ditto Account 92 A