The Sun.
London, England, 1862-10-22 00:00:00

NT 0 NEY MARKET.

CITY NEWS-YESTERDAY.

A contradiction has been given, on official autho-
rity, of a report lately circulated that the Ottoman
Government are about to emit six or seven millions
sterling of new Consutides.

It is stated that a rumour of an intended new
Egyptian Government loan is entirely without
foundation.

The commercial letters from Buenos Ayres re•
move much of the unpleasantness of the recent tele-
gram announcing the refusal of the Provincial
Legislature to sanction the fixing of the national
capifal at Buenos Ayres, and the consequent resig-
nation of the leading Ministers. Dr. Costa, the
Premier, who is stated to act upon " thoroughly
English ideas," tendered his resignation, and Senor
Riestra, the Finance Minister, who has been for
years the chief agent in restoring and upholding
the credit of the Republic, took the same course ;
but that of the former was not accepted by General
Mitre, and it is now said that by his tact and good
sense there is a certainty of the difficulty being
eventually overcome. Meanwhile, however, trade
and enterprise of all kinds were unfavourably in-
fluenced. It is remarked that at Buenos Ayres,!as
elsewhere, owing to the stocks previously accumu-
lated, the rise in manufactured goods has not
hitherto been in any degree commensurate with
that which has taken place in most descriptions
of raw material. "Now, however," it is added,
" the immense stock seems to have moved off,
and there can be no doubt that calicoes
and prints of every description will command
high figures in South America." The Bill for the
Cordova Railway, which is likely to form the com-
mencement of a route that will ultimately extend
from the Atlantic to the Pacific, has passed both
Houses of Congress, and the works of the Buenos
Ayres Northern line are stated to be in steadypro-
gress, the contractor having announced confidently
that the road would be open for traffic as far as
Belgrano early in the present month.

CITY NEWS---THIS DAY.

CITY, TWELVE O'CLOCK.

The demand for discount accommodation is
steadily maintained, and the rates continue firm.
There appears to be an impression in some quarters
that the quotations will shortly exhibit rather an
upward tendency, although the requirements of the
commercial public are likely to continue moderate
till the end of the year.
Gold is new about 1-10th per cent. dearer in
London than in Paris, and of about equal value
here and in Hamburg.
The Tartar, from Lisbon, has brought £3,300 in
specie.

- The traffic return of the East Indian Railway
for the week ending July 20 shows an income on
the Bengal division of 3591 miles open of £6,103,
against £5,270 in the corresponding period of last
year on 248 miles. The North Western Provinces
division, on 2791 miles, obtained £2,200, while the
income of last year on 209/ miles was £1,997.
There has been very little speculation at the
Stock Exchange to day, except in foreign stocks
and joint-stock bank shares. Turkish, Italian,
Mexican, and Spanish attract the chief attention of
the time operators, and the activity in the market
for joint-stock bank shares is still kept up. The
remarkable success of the old established banks has
induced investors to give liberal support to new
projects, and the demand for shares is unusually
extensive. Formerly this class of security ranged
at quotations which enabled purchasers to obtain
about 6 per cent. for their money, the premium
being considerable, and hence the desire now mani-
fested to invest in the shares of the various com-
panies recently introduced, which, if successful, may
increase in market value as well as return a satis-
factory interest upon the capital employed.

Two O'CLOCK.
Very little change has occurred in the English
Stock to-day, business being exceedingly inactive
owing to the disinclination evinced by speculators
to enter into large engagements, and the preference
shown by investors for new undertakings. Consols
are 93a / for money and the account. The New
riaree..na RAcluotad Annuities have been dealt in
at 91i 92-} ; India 6 per Cents. at 1091 ; Enfaced
54 per Cents. at 1121; and Exchequer Bills at
19s. to 225. prem., being is. lower ; Bank Stock is
236 238.

Foreign Securities show no material change, and
a fair amount of business is reported. Turkish 6
per Cents., 1854, are 82 83; ditto, 1858, 691 ;
ditto New Loan, 681 !; and the Consolides, after
being 38i 39, have reacted to 381 -I. Italian are
721- a ; Mexican, 331 ; Portuguese, 471 ; ditto
Scrip paid-up, 46: ; Russian, 951 ; ditto New Scrip,
21 prem.; Spanish, 54a ; ditto Deferred, 461; and
the Passive, 211 22 ; Egyptian are 891 ; and Vene-
zuelan, at 291 I.

In the Railway Share Market the operations
have been on the most limited scale, and in some
instances prices have shown a slight downward
movement. Caledonians, London, Chatham, and
Dover, and North Westerns have receded as. ; and
Lancashire and Yorkshire, 10s.; South Easterns,
however, have improved about £l.
In the Foreign and Colonial markets there has
been no change of importance. South Austrian
and Lombardo-Venetian realize 221; San Paulo,
; Great Western of Canada, 129 a; East Indian,
1061 ; and Bombay and Baroda, 103; 4.

Joint-Stock Bank Shares continued in active de-
mand, but, in some instances, prices were a shade
flatter. Imperial Bank receded to 11tl 12. Bank
of Egypt brought 25; London and Brazilian, 17 to
171 ; Alliance of London and Liverpool 20k. Lon-
don and Colonial are'quoted 11 2 ; and Standard of
South Africa 2 to 2/ prem.
In the Miscellaneous Market business continued
dull without change of importance in values.
Royal Mail Steam, however, advanced to 55k 56/.

BRITISH FUNDS—ONE O'CLOCK,
Bank Stock
3 per Cent. Reduced Annuities 92 1 2k
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 911
.nnuities, 30 yrs, expire bth Jan., 1880 l2l
India Stock
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per Cent —
Ditto 5/ per Cent.
Ditto Debentures, 4 per Cent., Oct., 1863
Ditto ditto April, 1864 10011 k
Ditto Bonds £l,OOO
Ditto under £I,OOO
Consols for Account, Nov. 6
Jun 9 Exchequer Bills £l,OOO, 3 per Ct. .. 19 22 March.
Ditto £6OO
Ditto Small

FOREIGN FUNDS—ONE O'CLOCK.
Brazilian, 5 per Cent. lOOl
Ditto 4•) per Cent., 1852-58-60
Equador New Consolidated
Egyptian, 7 per Cent B9l
Ditto, Paid up Scrip
Mexican, 3 per Cent
Ditto Account
Portuguese 3 per Cent., 1853
Ditto Account.
Ditto Paid-up Scrip
11!t Sian 5 per Cent 1822 £ St —
Ditto Account
Ditto 5 per Cent., 1862, Scrip, £3218s pd. 2/ •
Ditto Paid up Scrip
Spanish 3 per Cent —
Ditto Account
Ditto New Deferred
Ditto Account .. 46/
22 1/
Ditto Passive..
Turkish 6 per Cent. 1854
Ditto 6 per Gent 1858 —Z
Ditto Account
73
Ditto, £lOO Bonds
Ditto, Paid up Scrip 6Bl 1 I;
sTenezuela, per Cent.
Ditto Account
Dividends on the above payable in London.
Italian, 5 psr Cent., 1861, Ex. 25f
Ditto Account
TWO 0' CLOG ii.
Consols, Money
Ditto Account