The Sun.
London, England, 1861-04-25 00:00:00

MONEY MARKET AND CITY NEWS.

li,

CITY, Two o'CLocK.
Continued firmness is reported in the money
money, the shipments of gold to the Continent for
the purchase of silver having induced the impres•
sloe that the ratio of discount will advance rather
than recede. Owing to the abundant supplies and
the limited inquiries, the mercantile community are
enabled to negotiate the best bills at about 4} per
Cent., or 4. per cent. below the minimum at the
Sank of England.
A further sum of £31,000 in gold was withdrawn
from the Bank of England yesterday for exporta-
tion.

The directors of the Metropolitan Railway have
made a call of £1 10s. per share, payable on or be-
fc're the 16. th proximo.
Tenders will now be received for the unappro-
Mated portion of the £83,000 Indus Steam Flotilla
Debentures.
A large amount of business was again transacted
111 the Liverpool Cotton Market yesterday, and
Prices tended upwards. The sales were intimated
at 15,000 bales.
It was announced yesterday afternoon that Mr.
Thomas Vile had been elected a member of the
committee of the Stock Exchange in the place of
4r• Thomas Gibbs, deceased.
The following circular has just been issued by
the directors of the Great Ship Company :

The Great Ship Company (Limited), 90, Cannon-
street, London, E.C., April 23.

Sir,---The decision of the Court of Common Pleas, con-
trary to the unanimous opinion of the Court of Queen's
Ilench, in the case of Mr. John Scott Russell's claim, ren-
ders it necessary to be prepared to lodge about £19,000 in
court before an appeal against that decision (with stay of
execution meanwhile) is likely to be entertained. The
directors think it all important to be thus prepared,
as to prevent delay in the sailing of the ship
For New York on the Ist May next. It is proposed
to raise the sum of £3b,000 on debentures at six
11onths, bearing interest at 7 per cent. per annum, with
*which to pay off the present mortgage, and deposit the
amount of Mr. Russell's verdict, or to settle with him
amicably if possible. The debentures to be further secured
by a mortgage on the ship (with policy of insurance), to be
given to frvro responsible persons in trust for the respective
debenture-holders. The directors, and others, have already
Subscribed for about £17,000, so that only £lB,OOO remains
63 be provided ; and I am instructed by the directors to
request that you will favour me with an immediate reply,
Stating the amount of such debentures for which you are
Willing to subscribe.—l am, Bto.,
• J. H. YATES, Secretary.
A meeting has just been held of the creditors of
kr. D. Navone, commission merchant, when it was
Kilted the liabilities amounted to £31,406 lls. 9d.,
and the assets to .£5,983 17s. Bd. ; but all the
agent's accounts at Constantinople are not expected
to be fully realised. After some discussion it was.
resolved to wind up the estate under inspection.
A meeting has been held to-day of the creditors
of Messrs. Cook and Greenwood, wine and spirit
merchants, &c., who recently suspended. Their
"abilities were stated at £14,850, and the assets at
46,837. After a protracted discussion, a few of
the creditors signed in favour of accepting a com-
Position, while others threatened legal proceedings,
and the estate will no doubt be sent into the Court
of Bankruptcy.
The English Stock Market, which opened firmly,
Pre:flats now rather a heavy aspect, owing to a re-
'xmption of speculative sales and a further decline
hi the Rentee. Consols have been 91i 92i- for
transfer and 92 for the account, but the pre-
lent quotations are 911 92 and 92 respectively.
The New Threes and the Reduced are heavy at
90-4 ; Long Annuities at 151 ; Exchequer Bills at
81 3s. dis. to par ; India 5 per Cent. Loan is steady
at 102 ; and Bank Stock at 233 and 2341.
Very few dealings have been reported in the
Foreign Market, and prices are well supported.
Turkish 6 per Cents. are 74 to 71 ; ditto, 1858,
531 to 541 ; Portuguese have improved to 461 1,
and Russian 41 per Cents. to 911 ; Dutch 2 per
tents. are steady.
Messrs. D. Bell, Son, and Co. report the market
for American securites as very firm. The following
are some of the prices :

Redeemable. Prices
*United States 6 per Cents 1867-1868 88 90
to. 5 per Cent Bonds
Kentucky 6 per Cent. Bonds . 1868-72 84 88
Pennsylvania 5 per Ct. Bonds 1877 82 83
Illinois Central 7 per Cent.
Illinois Central 6 per Cent. - 88
Do. shares, 80 dols. paid
Michigan Central 8 per Cent 1869 87 89
120. do. shares 50 52
New York Central 6 per Ct.,
not convertible. lBB3
New York Central 7 per Ct.,
convertible, from June 15,
3,57-59 1864
Do. do. shares
New York and Erie, 7 per Ct.,
Ist mortgage
Do. do., 2d mortgage 1859 89 91
33•• do., 3d mortgage lBB3 83 85
The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1861. 1860.
great Western
North-Western ' 83,107 32,302
South-Western
Britton 16,331 15,784
.11i and
South-Eastern
Great Northern 24,883 26,203
Lancashire and Yorkshire
Bristol and Exeter 6,320 6,692
North-Eastern
Manchester, Sheffield, and Lincoln
South Wales
Great Southern and Western of Ireland 8,200 8,185
Edinburgh and Glasgow 6,622 6,145
Glasgow and South-Western 7,919 7,717
Great Western of Canada
These returns are for the most part of a satis-
factory character ; in one or two instances, how-
ever, a slight falling off is apparent. On the
Great Western there is an increase of £259, on the
north Western of £BO5, on the South Western of
41,254, on the Brighton of £547, on the Mid-
land of £BB2, on the Lancashire and Yorkshire of
£1,042, on the North Eas tern of £1,662, the 'Man-
chester, Sheffield, and Lincoln of £747, the South
Wales of £347, the Edinburgh and Glasgow of
£477, and the Great Western of Canada of £649.
On the South Eastern there is a decrease of £936,
and on the Great Northern of £1,320.

85 87

92 94
TO TZ

In the Railway Share Market business has been
rather inactive, and prices have shown, in some in-
stances, a slight downward movement. Lancashire
and Yorkshire, North Western, Midlands, North
Eastern, York, and South Eastern have declined
ss-, and Great Western, 10s., Great Northern, how-
ever, have improved ss.
The Foreign and Colonial undertakings have
been in a very limited request, and prices are also
a shade flatter. Dutch Rhenish brought 13 to 131.;
Great Luxemburg, 61 to 61 ; East Indian, 99/ ;
Great Indian Peninsula, 95/ 96; Great Western of
Canada, 111 ; and Grand Trunk of Canada 6 per
Cent. Preference Bonds rose to 70.
Joint Stock Bank and Miscellaneous shares have
remained dull at about previous quotations. Lon-
don and Westminster realise 671 ; Oriental Bank,
5p1,; Union of Australia, 39 ; and Electrie Tele-
graph, 95t.

B tIITISH FUNDS—CLOSING PRICEb
Bank
CeStock
'3 per nt. Reduced Annuities 9O/ f
3 per Cent. Cons@ls Annuities
New 3 per Cent. Annuities 9o±2tei
Annuities, 30 yrs, expire nth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885.. ma
India Stock .. -.•.. .......... ~ • •
Ditto b per Cent ...., ................ 1028 2 i
I,ltto Debentures, 1858 .............. 961
Ditto Bonds £l,OOO 1 (
6 die
CIOIASOIS for Account, May 9
Exchequer Bills, £l,OOO, lid.
Ditto £5OO par
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent........
Ditto 48 per Cent., 1860 B7/
Buenos Ayres, 6 per Cent. ......... .... •
Ditto Deferred
8/1
Greek . ,
.............
Mexican 3 per Cent ....................
Ditto Account
Portuguese 3 per Cent , 1853. ........ . •
Ditto Account ...................... 461 -8
Russian 5 per Cent. 1822, £ St ..........
Ditto 44 per Cent, ................... 918
Spanish 3 per Cent ......
Ditto New Deferred ..................
Ditto Account
Spanish Cert. of Coup. not funded 5l
Turkish 8 per Cent • .
Ditto Account
Ditto New Loan
Ditto Account
Ditto £lOO Bonds
er Cent.
Ditto Guaranteed, 4 p
Dividends on the above payable in London.
Belgian 48 per Cent.' E. 25f.
Dutch 28 per Cent., bxchange 12 Guil. •
Ditto Account ..................H. 64
TREE O'CLOCK.
Consols, Money .
Ditto Account .. i ....... 92
t '1