The Sun.
London, England, 1862-10-15 00:00:00

MONEY MARKET.

CITY NEWS-YESTERDAY.

Messrs. Baring Brothers and Co. have received
by this mail, by which, however, it is unusual to
transmit, £320 Ss. on account of New Granada divi-
dends.

An nuetion of the foreign redeemable debt of
Spain will take place at Madrid on the 31st instant.
The sum assigned by the Government is 7,386,472
reals.

About £77,000 in bar gold was sent into the
Bank to-day.
The Lord Raglan has arrived from Melbourne
with £185,000 in gold.
The cotton market was very flat to-day, and the
sales were only 1,000 bales.
The rate on Paris was a trifle higher, but gene-
rally the foreign exchanges were without material
alteration to-day.

No official news relating to the contract for the
Veneauelan Loan has transpired. It is, however,
known that Mr. Mocatta has drawn for a large
amount on Messrs. Baring Brothers and Co. ; and
the general inference is that the contract may be
regarded as ratified. It is also rumoured that the
customs duties are likely to prove sufficient to pay
3 per cent. at once on the old stock.
The prospectus of the Standard Bank of British
South Africa (Limited) makes its appearance under
very satisfactory auspices, the directors personally
representing the interests of the Cape, together
-with other connections which cannot fail to be of
great service to the undertaking. The capital is
to be £1,000,000, in 10,000 shares of £lOO each,
with power to increase to £2,000,000, the first
issue being limited to 5,000 shares. The Cape of
Good Hope no doubt presents a very fine field for
banking operations, and the success that has at-
tended the London and South African Bank shows
that well-organised establishments will attract an
important business and be appreciated. It is also
a satisfactory feature that the preliminary ex-
penses will be confined to the actual outlay in-
curred. The rates of discount on first-class bills
in the colonies range from 8 to 12 per cent., and
money is employed safely at this high figure.
The dividends paid by the present local banks
varied last year from 12 to 22 per cent, per
annum. The head office of the bank will be in
London.

CITY NEWS---THIS DAIL

CITY, TWELVE O'CLOCK.

Owing to the release of the October dividends
the discount market presents a rather easier ap-
pearance, the average charge for negotiating first-
class securities being ii per cent., while exceptional
transactions are reported at even a fraction below
that quotation.
An extraordinary meeting of the Universal
Marine Insurance Company has been called for the
23d inst., for the purpose of considering several
special resolutions.

Two o'CLoCK.

The traffic receipts of the South Austrian and
Lombardo-Venetian Railway for the week ending
the 7th inst., amounted to £53,523, being a decrease
of .E 4,129 compared with the same period in 1861.
A rather heavy feeling has pervaded the market
fcr English securities to-day, and very little business
has been negotiated. Consols for transfer are 932- t,
and for the 6th proximo 93t- I. The New Threes
and the Reduced have receded to 911, 92 ; Exche-
quer Bills, March, are steady at 18s. to 21s. prem. ;
Bank Stock is at 237, and India 5 per Cent. Loan,
1091.

Business in the Foreign Market has been rather
quiet, but no important change has occurred in
prices. Turkish 6 per Cents., 1854, are 82 83;
ditto, 1858, 68f, 694 ; ditto New Scrip, s prem. •
and the Consolides, 381 1.; Mexican are steady at
33a e ; Egyptian, 891 ; ditto 2d issue, 88i;
Italian are heavy at 77-1-4 ; ditto Railway Loan at
73; Spanish Certificates, 9a; and Venezuelan, 291.
In the Railway Share Market the dealings have
been very limited, and prices have remained with-
out any material variation. Caledonian have how-
ever improved about 55.; South Eastern, 55., and
South Western, 10s. Bristol and Exeter, North
-Western, and Midland, however, have receded
about ss.

The Foreign and Colonial lines remained without
any material alteration. Bahia and San Francisco
realised 192 ex div. ; Dutch Rhenish, 171 ; Great
Indian Peninsula, 104-1 ; Madras 5 per Cents., 1032,
anti Scinde and Delhi Stock, 102 k 103.
feint-Stock Bank and Miscellaneous Shares are
in several instances at slightly enhanced prices.
Bank of Egypt have improved to 241 ; London and
BrazWar., to 17 ; Metropolitan and Provincial to
13t 131. ; Canada Land to 99 ; and Australian
Agricultural to 23-k, ; London and Colonial Bank
are marked 1 to 4 prem.

BRITISH TUNDB—ONK O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 9l/ 2
India Stock
Ditto 5 per Cent lo9i 9
Ditto Enfaced Paper, 4 per Cent
Ditto 5i per Cent.
Ditto Debentures, 4 per Cent., Oct., 1863
Ditto ditto Aug. 1864 or 66 104 it
D 7tto Bonds 1.000
Ditto under £l,OOO ......
Consols for Account, Nov. 6 ..... 931
June. I March.

Exchequer Bills £l,OOO, 3 per Ct. ..
Ditto L5OO

21 18

Ditto Small ....................
FORBIGN FUNDO—ONE O'CLOCK.
Brazilian, 5 per Cent.
Ditto, 1839 and 1859 lOO
Chilian. 6 per Cent. lOll t 2
Egyptian, 7 per Cent., Scrip B9l 1
Ditto, Paid up Scrip
Italian 5 per Cent. (Maremmana Railway) 73
Mexican, 3 per Cent
Ditto Account
New Grenada, 2 per Cent —
Ditto ex over-due Coups. and Hectares 101 /
Peruvian 4.i. per Cent ..
Ditto C Scrip, paid in full
Portuguese 3 per Cent., 1853
Ditto Scrip, £l5 pd .... 21 f
Russian 5 per Cent 1822 £ St ..
Ditto Paid up Scrip
Spanish 3 per Cent
Ditto N©w Deferred
Ditto Passive..
Spanish Cert. of Coup. not funded' 451
Turkish 6 per Cent. 1854
Ditto 6 per Cent. 1858
Ditto Account
-Ditto 6 per Cent., 1862 (Scrip), 69
£5O paid 3
Ditto, Paid up Scrip 6Bl /
Ycneznela, per Cent.
Ditto Account
Dividends on the above payable in London.
Italian, 5 per Cent., 1861, Ex. 2sf.
Ditto Account
TWO O'CLOCK.
Consols Money
Ditto Account