The Sun.
London, England, 1862-08-07 00:00:00

MONEY MARKET.

CITY NEW S-YESTERD AY.

The present packet from Buenos Ayres brings a
remittance of £lO,OOO on account of the interest on
the bonds for the second half of the present year.

There were no gold operations at the Bank to-
day. It is probable that the loans lately taken here
Will tend to check the influx of gold to the Bank.
It is stated that the remittances of gold, probably
on account of the new Peruvian Loan, by the next
steamer for the West Indies will considerably ex-
ceed the total (i 300,000) 'taken by the Seine on the
2d inst.
The Swiftsure has arrived from Melbourne with
£191,000 in gold, and the Formosa with £52,000.
The Magdalena, from Brazil, has also reached
Southampton, with £13,392. The total is £256,000.
The proposed dividend on Midland Railway stock
Was officially announced to-day at the rate of 51
Per cent, per annum against 6-1- at the correspond-
ing period of last year. The surplus is £7,400. The
stock has fallen 1i per cent. on this announcement.
The London and North Western Railway traffic
return shows this week an increase of £7,182, and
the Lancashire and Yorkshire a decrease of £5,600.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 19th July were
4:14,002 sterling, being £l,lBB more than in the
corresponding week of last year.
An instalment of 15 per cent, falls due on the
first issue of the Egpptian Loan on the 11th inst.,
less the large portion already paid in full. The
final instalment of 7* per cent. is payable on the
Ist of September ; but from this has to be deducted
the half-yearly interest of 32 per cent.
The fail of the last day or two in Turkish bonds
and scrip is partly attributed to the action of the
Tt;rkish Government in consolidating their internal
debt. This debt amounts to about ten millions
sterling, and bonds, bearing interest at 6 per cent.,
are under course of issue for it. These bonds can
be bought in Turkey for about £34 for £lOO, and
at that rate pay an interest of 171 per cent.
The monthly, supply of £300,000 bills on India,
drawn by the India Council, was offered to-day for
Public tender in the usual manner at the Bank of
England. The minimum prices declared were simi-
lar to those of lost month—namely, ls. 11,id. per
rupee for bills on Calcutta, and ls. 111 d. per rupee
on Bombay and Madras. The applications within
the limits amounted to £950,000. All tenders above
the minimum will be accepted in full, those on
Calcutta at the minimum will receive about 18 per
tent., those on Bombay about 5 per cent., and
those on Madras 50 per cent.
The failure has been announced to-day of Messrs.
Richard Rostron and Co., of Manchester, an old
and respectable firm, carrying on an extensive busi-
bess with Brazil where they have three houses—
Zamely, Rostron, Dutton, and Co., at Rio ; Ros-
tron and Co., at Bahia; and Rostron, Rooker, and
Co., at Pernambuco. Their liabilities are believed
to be large, and the event is supposed to be attri-
butable in a great degree to the recent bank and
other stoppages at Pernambuco. The books have
been placed in the hands of Messrs. Broome, Child.
Murray, and Co., and a meeting is to be called at
an early day.
The bar silver brought by the Tasmania has to-
day been sold at 61d. per oz., showing no alteration.
The is rat half-yearly drawing of the Imperial
Moorish Loan for redemption under the application
of the 5 per cent. sinking fund took place to-day,
When 45 bonds for a total of £12,500 were drawn
Which are to be paid off at par on the 18th inst.

CITY NEWS---THIS DAY .
TWELVE O'CLOCK.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1862. 1861.

Great Western £69,903 60,859 I
North-Western
,South- Western
jsrighton
Midland
South -Eastern
Great Northern
Lancashire and Yorkshire....
Bristol and Exeter
North Eastern
45,60830:051
9476:690049
Eastern Counties
Manchester, Sheffield, and Lincoln 15,160 16,190
Glasgow .and South-Western
Great Wes tern of Canada ..
Grand Trun kof Canada
These ret urns are, in most instances, satisfactory.
On the Great Western there is an increase of
£9,044, on the North Western of £7,284, on the
South Western of £4,482, on the Brighton of
£2,099, on the Midland of £2 924, on the South
Zastern of £3,642, on the Great Northern of £3 869,
on the Eastern Counties of £2,477, on the Great
Western of Canada of £2,168, and on the Grand
Trunk of Canada of £1,189. The Lancashire and
Yorkshire, however, show a decrease of £5,684, the
North Eastern of £1,301, and the Manchester,
Sheffield, and Lincoln of £1,030.
A larger business is now reported in the discount
Ularket, and the rates for first class bills continue
t•rrn at 1 per cent.
The directors of the Midland Railway intend to
Propose a divideLd for the past half-year at the rate
Of 51 per cent.
The following remarks upon the leather trade
are from Messrs. Page and Welch's monthly price
current :—The inquiry for leather of most descrip-
tions has been well maintained during the past
koritk. Heavy sole leather has had more atten-
tion ; and for prime bark-tanned thick butts a slight
advance in price can be obtained. Light butts of
Clean tannage, well rounded, and free from cuts,
have also sold freely without change in value.
Dressing leather has generally been in fair request
at previous rates. Should the present fine weather
for harvest operations continue, the trade during
the rem ainder of the year will, we hope, show more
activity than has characterised it up to the present
ttltlie. The hide market has displayed no new fea-
ure since our last. Stocks begin again to accu-
mulate, and tanners still look for a further reduc-
tion in price,. Market hides have lately improved
la quality and the price has advanced fully in pro-
Portion.

The subscription list of the Thames Express
steamboat Company will close on Saturday next.

CITY, Two o'CLocK.
The half-yearly meeting of the City of London
I,llrewery took place to-day, Alderman Sir James
Bart., MP., in the chair. The directors'
I:ePurt was unanimously adopted, and a dividend
for the half-year at the rate of 6 per cent. per an-
num ordered to be paid.
There has not been much doing in the English
tuek Market to-day, owing to the dulness of spe-
culation and the limited operations of the in-
vesting classes. Consols are 93: 1 for money,
and 931 efor the 4th proximo, being a further
u.ecline of nearly I per cent., and affairs
Present a very unsatisfactory appearance. The
New' Threes and the Reduced are steady at
932 1 ; Exchequer Bills have receded to 235. and
P rem.; India Five per Cent. Loan is steady at
1081
There has been very little animation in the
Foreign M atket, and prices continue heavy,
Turkish 6 pt ,r Cents , 1854, are flat, at 851 ; ditto,
:68, at 72 731; ditto, New Loan Scrip has de-
Allried to I
‘l,; prem., and at the last moment is
; Peruvian 411 per Cents. are 1001 1; Italian 5
titer Cents. ate flat at 711 ; Spanish Certificates
Ty at 9 ; Egyptian Scrip is 131 141 prem.
Loans;
sudden decline has taken place in the New
the Peruvian is 1 dis.; Portuguese, 21
tte yrn• ; and Venezuelan, 1 :- prem.
hz:-lin tilt:, Railway Share Market the operations
ho: net been very extensive; a slight advance,
'cer, has taken place in one or two of the prin-
t, and ertakings. Caledonians and Midlands
e improved 58. ; and Great Northerns, £l.
Lowt'ceashilm and Yorkshire, and South-Eastern,
LO
vet', have declined ss. ; and Great Westerns,
udon, Chatham, and Dover, 10s.
viol" Foreign and Colonial undertakings are dull,
vaiu:'lt any change of importance to notice in
14i. San
Paul s Gr eat Luxembourg realise
121, °'
9EI; Great Western of Canada are fiat at
.and Eastern Bengal at 104.
41d:rt.-stock Bank and Miscellaneous Shares are
toad instatices rather chcaper. Alliance of
and Liverpool have declined to 124; and
4'104 and ,South African to 15?-, London and