The Sun.
London, England, 1861-01-11 00:00:00

MONEY MARKET AND CITY NEWS,

CITY, Two o'CLocK.

The transactions in the Foreign and Colonial
Produce Markets during the last few days have
been very much curtailed by the advance in the
value of money and the very severe weather. At
the public sales of tea the biddings were inactive
and a further decline of id. to id. per lb. took place
in the value of ordinary and inferior qualities. The
dealings in sugars were only to supply the imme-
diate requirements of the trade, and prices were a
shade flatter. For coffee there has been a fair
demand, but owing to the foggy weather the public
sales were postponed until to-day. Rice has been
very inactive, and for fruit, cocoa, and spices easier
quotations are current. Saltpetre has declined ls.
to ls. 6d. per cwt., while the tallow market has
shown increased depression, P.Y.C. on the spot is
now quoted at 605., March delivery 585., and last
3 months 575. 6d. per cwt.

A large amount of business was transacted. in
the Liverpool Cotton Market yesterday, and prices
tended upwards. The sales were estimated at
25,000 bales.

About £BO,OOO in sovereigns was withdrawn
from the Bank of England yesterday for exporta-
tion.

The steamer Ellara, which leaves to-morrow, 12th
inst., for Bombay, will take out £381,387, of which
£365,027 consists of silver, and the remaining
£16,360 of gold.
A meeting took place yesterday of the creditors
of Messrs. Holdsworth and Co., sugar refiners, when
the liabilities were stated at £27,019, and the assets
at £3,549. The meeting was adjourned for a fort-
night, in order to allow three inspectors and trus-
tees to clear off the small remaining stock, and to
investigate the estate, &o.

At the half-yearly meeting of the East and
West India Dock Company, just held, a dividend
of 3 per cent. for the past six months, free of
Income-tax, being at the rate of 6 per cent. per
annum, was declared.

The extent of the recent pressure upon the re-
sources of the Bank of France is fully exhibited in
the monthly return issued this morning, the parti-
culars of which have been received by telegraph.
There has been an increase in the bills discounted
of £2,760,000, and in the bank notes of £1,270,000,
While the bullion has fallen off about £3,293,300,
the advances £90,000, and the Treasury balances
£2,045,000.

There is a fair demand for discount accommoda-
tion, but the market is comparatively quiet, and the
rates appear steady.

It was resolved at a meeting of the Commercial
Dock Company to-day to declare a dividend of 24
per cent. for the past half year. The report, which
Was unanimously adopted, was on the whole satis-
factory; the number of vessels which had entered
the docks during the six months was 1,331, repre-
senting an aggregate of 365,026 tons. The company
has transacted a very large and profitable business
in grain, and the granaries now hold a more exten-
sive supply than at any former period.
There has not been much fluctuation to-day in
the market for Public Securities, but rather a heavy
tone prevails and a slight decline has taken place,
Consols being 914 for money, and 911 92 for
February. The unfavourable Bank of France
return has attracted the notice of the speculators.
The New Threes and the Reduced are firm, at 911
I; Long Annuities at 161; Bank Stock has im-
proved to 232 and 234 ; India ditto is flat at 219 ;
ditto 5 per Cent. Loan remains at 1001; and
Exchequer Bills are heavy 6s. to ls. dis.
Foreign Securities have been in moderate request,
and prices are well supported. Turkish 6 per Cents.
are 70 to 701; ditto (1858) 56 to 561; ditto £lOO
Bonds have improved to 584, and the 4 per Cents.
to 1011 102 ; Russian 44 per Cents. are 921 ; ditto
3 per Cents. 611 ; Mexican remain at 214 ; and
Buenos Ayres at 961.
Messrs. D. Bell, Son, and Co., report the prices
of American Securities as follows :

Redeemable. Prices
United States 6 per Cents 1867-1868
Do. 6 per Cent Bonds
Rentucky 6 per Cent. Bonds lB6B-72 88 90
Pennsylvania 6 per Ct. Bonds 1877 84 85
Illinois Central 7 per Cent.
Illinois Central 6 per Cent.
De. shares, 80 dols. paid
Michigan Central 8 per Cent 1869 87 89
Do. do. shares
New York Central 6 per Ct ,
not convertible.... lBB3 86 88
New York Central 7 per Ct.,
convertible, from June 15,

1857-59
Do. do. shares

1864

Now York and Erie, 7 per Ct.,
let mortgage
Do. de., 2d mortgage
be. do., 3d mortgage
Do. do. convertible
Do. do. shares
Panama 7 per Ct., let mort •
gage Str. Bonds, not cony
Do. do., 2d do

1867
1859
1883
1862

32 34

1865
1872