The Sun.
London, England, 1862-09-26 00:00:00

MONEY MARKET.

CITY NEWS—YESTERDAY.
About £25,000 was taken from the Bank to-day
kr transmission to Portugal.

The Bombay mail steamer Mooltan. sailing on the
27th inst., will take out specie to the amount of
£206,615, of which £2,665 in gold is for Alexandria,
and the remainder, £30,100 in gold and .E 173,850
in silver, for Bombay.
Business has been almost totally suspended to-
day in all the markets where quotations are liable
to be affected by the events of the American war,
and it would have been extremely difficult to effect
sales, owing to the conjectures excited by the non-
arrival of the expected telegrams from either of the
three. steamers now due.

The extent to which the overtrading on the part
of ihe cotton manufacturers was carried previously
to the American war may be illustrated by the fact
that, according to the latest advices, the stocks of
piece goods at Calcutta and Bombay were fully
equal to a year's consumption, even under ordinary
circumstances. From the economy induced by the
present high prices, the supply will, of course, prove
athquate for a much longer period. It also appears
that such shipments of goods as are now in progress
to Calcutta are upon terms 20 per cent. above the
last quotations from that port.

The Continental money-markets show little varia-
tion. At Paris, A mster dam, and Brussels the rate
is 3 per cent., at Frankfort it is 2 per cent., and at
Hamburg, 34.

The St.Peiersburgh advices show that the recent
rise here in flax and hemp has stimulated the Rus-
sians to ask extravagant prices. Business in the
interior of Russia is better than was anticipated,
and the sales at the fair have, on the whole, been
satisfactory.
The Colonial-office have intimated, in reply to
representations with regard to the unprotected con-
dition of the island of Labuan from piratical attacks,
that instructions will be forthwith sent to the
Admiral on the China station to despatch as early
as may be practicable to the coast of Borneo some
suitable vessel for the suppression of piracy in the
Eastern Archipelago.
The Bank of British Columbia have commenced
business, the Lords Commissioners of her Majesty's
Treasury having given the requisite certificate.
Owing to the favourable character of the report
just issued, the shares of the Commercial Union As.-
suranco Company were inquired for to-day.
After business hours the arrival of a private te-
legram with news by the City of New York, from
Cape Race on the 16th, occasioned great excite-
ment. The information received is to the effect that
Al.,Clellan had completely defeated the Confederates.
The quotations of American secirities were given
2 or 3 per cent. higher from New York, and ex-
change on London had receded to 129.

A very large number of white mulberry trees
have come to perfection in Tasmania, and the silk pro-
duced there has been pronounced equal to the finest grown
in Italy. Silk is likely to be a valuable staple production
of Tasmania.

CITY NEWS-THIS DAY.

CITY, TWELVE O'CLOCK.

Notwithstanding the increased demand for
money, usual at the end of the quarter, the Dis-
count Market continues extremely quiet, and the
rates exhibit undiminished easiness.

The Mooltan, to be despatched to-morrow with
the Bombay mail, will take out £206,615 in specie,
The Anglesey has been announced this morning
from Port Philip with £27,600 in gold.
The Bank of England return, completed to the
24th inst., exhibits little variation of importance.
There is a small diminution in the stock of bullion,
and a slight increase in the reserve of notes. The
various items, and the change they present, are
ahown in the subjoined table :

Active Circulation ..
Decrease ..
Bullion .. • • • •
Decrease .. • • • •
Rest .. •• ••
Increase .. .. • •
Public Deposits • • •
Increase ..
Other Deposits..
Increase •• •• ••
Seven Day and other Bills ..
Decrease •• •• ••
Government Securities • •
Increase
Other Securities
Increase ..

.. £20,501,765
.. 292,390
.. 17,166,742
.. 199,011
.. 3,647,227
529
.. 9,268,106
• 193,827
.. 13,825,230
• 91,325
.. 798,966
17,866
.. 11,252,610
.. 142,063
.. 19,524,942
32,373

Notes Unemployed .. 10,482,100
Increase .. 61,600
The report of the Cape Town Railway and Dock
Company has been issued to-day, in anticipation of
the half-yearly meeting. The directors state that,
in addition to the 21 miles opened on the 13th of
February, 10 miles—as far as Stellenbosch—were
opened for public use on the 4th of May, and a
further portion of the line to Klapmuts, 9 miles in
length, was shortly expected to be opened. The
capital hitherto raised on construction account
amounts to £526,600, and there have also been
raised £20,000 on account of working. expenses,
and of this capital £508,768 3s. Ild. have been ex"-
pended on construction account, and.£16,689 128.3 d.
on working account. It was estimated that about
£50,000 would be required to complete the line
from Ist of June, and in order to meet this outlay,
it is proposed to take authority to raise the sum of
£53,000 by debentures.
The traffic returns on the South Austrian and
Lombardo-Venetian Railway for the week ending
the 15th inst. amounted to £52,264, being an
i
in-
crease of £1,784 compared with the same period n
1861.

During the last few days there has been a mode-
rate amount of business transacted in the Foreign
and Colonial Produce Markets. Sugars have been
in, some instances rather dearer, particularly as
regards refining descriptions. Tea, at public sale,
fully maintained previous prices. Coffee sold readily
at late quotations, while in rice, fruit, and spices
the transactions have been to an average extent at
about previous values. The Tallow Market has
continued dull, with a very limited inquiry for
home consumption, and quotations for both present
and forward delivery have shown a downward
tendency. P.Y.C. on the spot is marked 48s 3d to
48s 6d ; last three months, 48s 6d ; and spring de-
livery, 49s to 49s 3d per cwt.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities 92 1/
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 9l 2
Ditto (Red Sea Telegraph), Aug. 1908 2ll,
India Stock
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per Cent 931 i
Ditto 5 per Cent
Ditto 51 per Cent.
Ditto Debentures, 4 per Cent., Oct., 1863
Ditto ditto Aug. 1864 or 66 101
Consols for Account, Oct. 8
March. Jung.
Exchequer Bills £l,OOO, 3 per Ct. .. 20 20 17
Ditto £5OO : 2O 17
Ditto Small —

FOREIGN FUNDS—ONE O'CLOCK.
Egyptian, 7 per Cent., Scrip 9O
Mexican, 3 per Cent
Ditto Account
portugues334
Ditto eper Cent., 1853..
Flussiau Scrip,per Cent, 1822
g 1822 £St
Ditto, Paid u
Sardinian 5 perp,ecrip , 941 1
Ditto Accout' . n.
t ***********
---
Sl.,anish 3 per Cent ********** 83/
Ditto Passive. ******************* • • ******* . *
i; ********** 211 i 1
Sp•tnish Cert. of Coup, not *fu ded ****** 10
Turkish 6 per Cent. 1854 .
Ditto Account
Ditto 6 per Cent. 1858
Ditto Account
Di
tto, £l6O Bonds
Paid 619E1
nitto 6 per Cent., 1862 (Serip.), . 150.
a;..1;1e in London.
Ditto, Paid up Scrip ...........
66E i
D:vidends on the above p
Dutch 91 per Cent., Exchange 12 Guil. .•
Ditto Certificates, 4 per Cent. ~..,••• 1021
TWO O'CLOCK.
Console, 'Money ......
Ditto Account

Two O'CLOCK.

There has been no improvement in business at
the Stock Exchange to-day, and further indications
of heaviness have been perceptible, owing to some
sales for transfer. Consols are 932-,, for transfer,
find 932 for account, showing little variation.
The New 3 per Cents, and the Reduced are flat at
i)‘ i
I'4. 92; Exchequer Balls, June, 20s. prem.; ditto,
larch, 17s. to 20s. prem.; India Stock s 220;
wad the 5 per Cent. Loan, I.ON- i•
In the Foreign Market business is rather quiet,
and prices are well supported. Turkish 6 per

Cents., 1854, have been dealt in at 851 86; ditto,
1858, at 671 68 ; ditto £lOO Bonds, at 69,-t-; the
Now Loan Scrip remains at I+, -17 dis., and the Cor.-
solides, 37A- 4 ; Mexican are 34A- ; Portuguese,
46;1 ; ditto New Scrip. 2* prem. ; Sardinian, 831;
Spanish Passive, 21y ; ditto Certificates, 10; and
Dutch 4 per Cents., 1021.
Business in the Railway Share Market continued
inactive, and the few dealings entered into were
generally at a further slight decline. Great Eastern,
Lancashire and Yorkshire, North Western, and
North Eastern have receded 55.; and Great
Western and Midlands, 10s.

The Foreign and Colonial lines continue dull
without any material change in values, South
Austrian and Lombardo-Venetian realise 22k;
Bahia and San Francisco, 20 to 201; Great Indian
Peninsula, 1041; ape Town and Dock, 108; and
East Indian, 1061.

Joint Stock Bank and Miscellaneous shares re-
main without any change of importance in values.
Ottoman Bank realise 251; 26 ; Union of London,
331- ; Chartered of Australia, 271; Berlin Water-
works, 51; National Discount Company, 71 ; and
Van Dieman's Land, 121. The shares of the Cam-
brian Gold Mining Co. remain firm at to prem.

MARKETS-THIS DAY.

MARK LANE.

Very little English wheat was received fresh up to this
morning's market. Good and fine samples moved off
slowly, at Monday's decline in the quotations, otherwise,
the trade was dull, and prices had a downward tendency.
The show of samples of foreign wheat was largo, and the
demand for all descriptions ruled inactive, at barely late
rates.

_
Floating cargoes of grain were in slow request, on former
terms.

Good and fine malting barley was firm in price; but in
other kinds, sales progressed slowly, at barely previous
rates.
Malt changed hands slowly, but at full prices for good
and fine parcels.
Oats were in limited supply, and steady request, at ex-
treme rates.
The show of beans and peas was small, and the trade for
them ruled firm, at full currencies.

The flour trade was decidedly inactive. Good and fin•
parcels, however, both English and foreign, fairly supported
previous rates.

ARRIVALS THIS WEEK.
Wheat. Barley. Malt. Oats. Flour.
English 1,160 I 350 i 1,550 ' 120 I 1,190 sacks.
Irish -
Foreign.... —13,510 2,470 i 11,780 870 sacks.
820 bls.