The Sun.
London, England, 1862-10-21 00:00:00

OF

MONEY MARKET.

CITY NEWS-THIS DAY.

CITY, TWELVE o'CLoCK.
The Money Market to-day is a little firmer, and
full rates are demanded by discounters for all de-
scriptions of commercial bills. The concession re-
cently made fot paper of a very superior description
is no longer allowed, and the cause of the movement
appears to be the withdrawal of supplies of money
recently available for discount purposes. The low
rates of interest now allowed on deposit-accounts
by bankers and others has no doubt stimulated
much of the joint stock enterprise lately intro-
duced, and the heavy calls on various de-
scriptions of shares also exercise an in-
flueace. There is now, as our readers are
aware, a disposition to encourage new under-
takings, and, in some instances, the applications
are excessive, which, allowing for the subscriptions
of speculators, still show a desire on the part of the
public to effect investments. No one seems to
anticipate any important change in monetary
affairs, but if new projects are successfully brought
forward they can scarcely fail in conjunction with
other circumstances to create greater firmness than
that recently experienced.

The dividends have been announced for payment
on the Louisiana 5 per Cent. Bonds, and on the
Ecuador Bonds.

A dividend of 5 per cent. on the shares of the
Norwegian Trunk Railway will be payable on and
after the 23d inst.

During the last few days there has been very
little activity in the Foreign and Colonial Produce
Markets. Sugars, in some instances, are a shade
cheaper, but coffee, rice, fruit, and spices have re-
mained at about previous rates. A fair amount of
business has been done in saltpetre, and the tallow
market has shown symptoms of renewed animation.
The operations, however, have been chibfly of a
speculative description and for forward delivery.

Two O'CLOCK.

At Paris, this morning, Three per Cent. Rentes
opened at 71f. 45c., showing a rise of I-- per cent.
since yesterday.
There has not been much activity in the funds
to-day, but the few transactions, real and specula-
tive, that have been negotiated have taken place at
the improved quotations of the previous afternoon.
Consols are 931 for money and the 6th proximo.
Although the market is by no means active
the daily transactions are still in excess
of the average prior to the payment of the
dividends. Since then the demand for stock on
behalf of investments has increased, and specula-
tion has been stimulated by a variety of circum-
stances, including the recent progress of events on
the continent. _ _

The New Threes and the Reduced are 921; Ex-
chequer Bills show no change ; Bank Stock has de-
clined to 236 ; and India 5 per Cent. Loan is sup-
ported at In9l
Foreign Securities are generally well supported,
and rather more business has been transacted.
Turkish 6 per Cents., 1854, are firm, at 821 83;
ditto, 1858, at 691 ; the New Loan has improved
to 1 prem.; and the Consolides are 38 ; Egyp-
tian, 891 ; Portuguese Scrip is firm, at 24 prem. ;
Peruvian ditto, 11 dis. ; Russian ditto 2 prem.; Sar-
dinian have improved to 831 ; Spanish Passive
are supported at 219 22 ; ditto certificates at 94 k ;
Italian, at 721 a ; and Venezuelan, at 291 t.
The dealings in the Railway Share Market
Were very limited, bat prices generally have exhi-
bited a firmer tone. South Westerns, Midlands,
and South Easterns have advanced ss. ; North Wes-
terns 10s. ; and Great Northerns 15s.

The Foreign and Colonial lines have remained
without any material variation. South Austrian
and Lombardo-Venetian realize 221 1; Great
Luxembourg 1411; Dutch Rhenish 17:-. Cape Town
and Dock have declined to 1061. East Indian re-
main steady at 1061 , and Scindes at 1041.
Joint-Stock Bank Shares were largely dealt in at
a further slight advance in most instances. Alli-
ance of London and Liverpool realise 20i ;
Bank 121; Metropolitan and Provincial, 131
141; and Union of Ireland, 7to 71. Standard of
British South Africa are quoted 16 2 prem.; and
London and Colonial, 11 2 prem.
In the Miscellaneous Market there was no
change of importance. Royal Mail Steam realise
631 ; London General Omnibus Company, 1: 1 ;
and Berlin Water Works, 51.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 92i 2
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 92k 2 k
kunuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth A.pril, 1885 —
Ditto (Red Sea Telegraph), Aug. 1908 22
India Stock
Ditto 5 per Cent
Dato Enfaced Paper, 4 per Cent 94
Ditto 5} per Cent.
Ditto Debentures, 4 per Cent., Oct., 1863 1011 1001
Ditto ditto April, 1864 101
Ditto Bonds 51 ,000
•___

Ditto under £l,000
Consols tor Account, Nov. 6 . 931 I
Jun, March.
Exchequer Bills £l,OOO, 3 per Ct. .. 20
Ditto £500

Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian, 5 per Cent.....,.
Ditto 43 per Cent., 1852-58-60
Buenos Ayres 6 per Cent
Ditto Account
Jhilian 3 per Cent. —
Ditto 43 per Cent B5;
Egyptian, 7 per Cent B9l 9 3
Italian 5 per Cent. (laremmana Railway) 73
Mexican, 3 per Cent
Ditto Account
Peruvian 43 per Cent —
Ditto 3 per Cent,
Ditto Account
Ditto 4i New, 1862, A Scrip, £53 paid
Portuguese 3 per Cent., 1853 —
Ditto Scrip, £l5 pd
Ditto Paid-up Scrip
quasian 5 per Cent 1822 £ St —
Ditto 41 per Cent ... 92k 3
Ditto 3 pea Cent., 1859
Ditto 5 per Cent., 1862, Scrip, £32 18s pd 2
Ditto Paid up Scrip.. ..
Sardinian 5 per CentB3;
Ditto New Deferred
Ditto Account .
Spanish 3 per Cent......
Ditto Passive.. **
: ****
a.e..a. ******** 22 13 2
Spanish Cert. of Coup, * * ***** ill.;
Tiirkish 6 per Cent. 1854 *
Ditto Account ******************
lntto 6 per Cent. 1858
Ditto Account
Ditto, £lOO Bonds
74i
Ditto 6 per Cent., 1862 (Scrip), £5O 'paid i
Ditto, Paid up Scrip . 685 a i
Venezuela, per Cent.
Ditto Account
Ditto 15 per Cent
Dividends on the above payable in London.
Dutch 25 per Cent., Exchange 12 Gull.
Ditto 4 ertificatzs, 4 per Cent.
Italian, 5 per Cent., 1861, Ex. 25f.
Ditto Account
THREE O'CLOCK.

Consols, Money
Ditto Account

d'A'

The Siecle says that the Prince de la Tour u-
vergne-Lauraguais, the new representative of France at
Rome, is the nephew of the late Cardinal Archbishop of
Arras, and brother of the Archbishop of Bourges. He held
the legations of Ducal Saxony, Florence, Parma, and Turin,
and lastly that of Berlin. He is personally known to the
Pope,vrl
atuwhona at the time of his exile at Gaeta he was
se
times despatched on missions by the Minister for
Foreign Affairs.
COTTON.--The present
e dearth of this valuable
science,it
substance has stimulated the energy of traders, agricultu-
rists, and even men of
to such a degree, that the
evil is in a fair way of
the Marquis de Fournes, who,
out its own cure. Thus
g aas we stated some time ago,
south
has succeeded in ob
has .ainin
just
sent small cotton crop in the
,
niataaticotton-plant of his own
of France
rearing to the Societe d'Accli
sent the same society from Bahia a °II.
M. De la Cerda has
Brazilian cotton-tree, a plant which
quantityreu of seeds of the
and thrives in a dry soil; it may therarlerebsebut little care,
cultivated
countries not subject to heavy 'Mils. The groundmust in
well manured, and planters ar3 of opinion that seeds
be
s kept
for some tune in manure before sowing, yield t
s ronger and
healthier plants. This tree yields its produce throughout
the year, and will live from ten to twelve years ; it is ex-
pected to succeed extremely well in Algeria. The same
gentleman promises to send the seeds of the grey cotton-
tree, a native plant of Brazil.—M. Ramel has called the
attention of the Societe d'Acclimatation to the Gossypium
arboreum, or Peruvian cottton-tree, which grows at such
en elevation above the level of the sea, that it may be
reasonably, expected to thrive even in the higher latitudes.
-'4,.8 plant yields about I,ooolbs. of cotton per acre ; a plan-
tationa of six acres requires an annual outlay of 132 dole., so
that at the rate of 10 cents. per lb., six acres will produce
doll., or, deducting outlay, a net income of 468 dots. ;
w roundestimate,
numbers, I,ooof, per hectare. But this is a very
and
ll:ago:tate, especially as the plant will grow on any soil,
ides Ybe reared in any neglected corner, or by the road-