The Sun.
London, England, 1861-06-06 00:00:00

MONEY J.L.IREET AND CITY NEWS.

CITY, Two O'CLOCK.

Owing to the sudden increase in the demand for
Money at the Stock Exchange, and the exportation
of gold to America, the rates of discount continue
firm, and very little business is now transacted
under 6 per cent., which is the minimum of the
Bank of England, where numerous applications are
made in consequence.

Notice has been given that tenders will he re-
ceived for a further sum of £lO,OOO, in 6 per cent.
debentures, for British Guiana.

A fair amount of business was reported in the
Liverpool cotton market yesterday, and prices were
steady. The sales were about 12,000 bales.
The Magdalena has arrived from the Brazils with
£30,000 in specie.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1861. 1860.
Great Western £42, i 24 £42,945
North-Western
South-Western
Brighton 26,149 18,294
Midland
South-Eastern
Great Northern 22,838 22,311
Lancashire and Yorkshire
Bristol and Exeter .. 6,605 7,441
North-Eastern
Manchester, Sheffield, and Lincoln
'West Midland
Great Southern and Western, Ireland 8,186 8,393
Edinburgh and Glasgow
Grand Trunk of Canada
Great Western of Canada
These returns show some very unfavourable
features ; on the Great Western there is a decrease
of £721 ; on the North Western of £8,010; on the
Midland of £8,951 ; on the South Eastern of £3,473 ;
the Lancashire and Yorkshire of £12,445 ; the
Manchester, Sheffield, and Lincoln, of £4,058.
There is however an increase of £5,707 on the
South Western; £5,855 on the Brighton £527 on
the Great Northern ; £3,692 on the North Eastern ;
£lBO on the Edinburgh and Glasgow ; £945 on the
Grand Trunk of Canada ; and £856 on the Great
-Western of Canada.
The death of Count Cavour has caused great
agitation in the English Stock Market and also on
the Paris Bourse. Consols have receded 7 per cent.,
and the Rentes have fallen almost 40 centimes.
Speculative sales have been pressed to a consider-
able exrent, and extreme heaviness pervades each
department of the Stock Exchange. The present
prices for Consols are 891 e for transfer, and 901
ex dividend for the July settlement. The New
Threes have declined to 891 2, the Reduced to
891 and Bank Stock to 231; Indian ditto is firm
at 226 and 228, and Exchequer Bills are steady at
6s. dis.

Very few transactions have taken place in the
Foreign Market, and prices tend downwards.
Turkish 6 per Cents. are 701 7li ; ditto, 1858,
551 a ; Mexican are heavy at 211 22 ; Spanish De-
ferred, at 43; and ditto Certificate, at 51.
Increased business has prevailed in the Railway
Share Market, although the dealings have been of
a very limited character. East Anglian, Great
Westerns, North-Westerns, and North British have
receded ss. ; South-Westerns, 10s.; and Mid-
lands, 15s.

The Foreign and Colonial lines continue flat.
South Austrian and Lombardo-Venetian have de-
clined to 15i ; and Grand Trunk of Canada to 192,
Joint Stock Bank and Miscellaneous shares con.
tinue very quiet, at barely former prices. Char.
tered of India, Australia, and China, and London
Chartered of Australia, brought former rates.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities B9a /
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
New 31 per Cent. Annuities 961 x d
India Stock.... ...... .. 226 8
Ditto 5 per Cent ...
Ditto Debentures, 1858 951 6
Ditto Bonds £l,OOO lO dis
Ditto under £l,000
Consols for Account, July 10 .. 901 /axd
India Stock for Account 9B/
Exchequer Bills, £l,OOO, ltd.
Ditto £500.
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 41 per Cent., 1852 B7l
Ditto 1839 & 1859 971
Chilian,6 per Cent. lOOl
Alexican 3 per Cent —
Ditto Account
Portuguese 3 per Cent., 1853. , —
Ditto Small .....
Russian 5 per Cent. 1822, £ St .•
Ditto 41 per Cent . ' 91a
Spanish 3 per Cent...
Ditto New Deferred.... 43
Ditto Passive
Spanish Cert. of Coup. not funded.. 51,
Turkish 6 per Cent
• .
Ditto New Loan
_Ditto Account
Dividends on the above payable in London.
Dutch 21 per Cent., Exchange 12 Gull. .. 64
Ditto Certificates, 4 per Cent. ........ 99/
90
Consols M THREE O'CLOCK.
oney '
Ditto Account 8912 3

2HE TR RA 7 Y OF PA ''IS ACCEPTED
BY THE UNITED STATES.

We take the following from the Washington
correspondent of the New York Herald, dated May
21, 1861 :
"It appears that more than a month ago our Govern-
ment gave notice to the Powers of Europe, who took part
in the Congress of Paris in 1856, that they were willing to
accept the code they adopted at that period, which declar
privateering to be piraoy. How, then, will it be possible
for England, one of the Powers in question, to refuse to
accept the unqualified offer of our Grev.rnment to adopt
their own code ? Ard how will it be possible for her after
this to treat the rebel States simply as belligerents, how-
ever pliant may be the opinions of the legal advisers of
the Crown ? This timely act of our Government places
England in a false and untenable position, if she persists
in regarding the privateers of the South merely as belli-
gerents•"

" More than a month ago," that is some time
about the middle of April, the notice was forwarded
from Washington, and must have been received
about the Ist of May. The usual method is to send
the despatch to the American Minister, and for
him to present it to the proper Minister of the
Crown. Has it been so presented is now the im-
portant question. In answer to a question from
Sir J. Pakington, whether her Majesty's Govern-
Men' had received any such intimation from the
Government of the United States, Lord J. Russell
replied, " that propositions have been sent to
America. yV e have not as yet received any
answer to those propositions. They have been
gone, I should think, a fortnight, and I
expect soon to receive a reply to them." How is
this ? Notice of acceptance is sent by the United
States' Government—about the middle of April, and
about the middle of May the British General de-
spatches propositions "to America !" We presume
Lord John Russell means the "United States," and
not, by America, the so-called Confederated States
also. That her Majesty's Government have not re-
ceived the notice of acceptance sent in April is most
certain. Where is it ? Did the late Ambassador
fail to present the notice ? Hag he carried it away
with him: he judging that it wonld help the Re-
Publican party, whose success has caun.d his return
to private life.—The London American.