The Sun.
London, England, 1862-08-14 00:00:00

r

MONEY MARKET.

CITY NEWS-YESTERDAY.

The private telegrams from New York by the
steamer North American report a decline in the
exchange to 126 k, and the premium on gold to 15i
pa. cent.

The present mail from Guayaquil has brought a
remittance of £332 on account of the Ecuador divi-

dends.

The half-yearly meeting of proprietors of the
Bank of Australasia is called for the 18th inst.

The report of the Southampton Dock Company
to be presented at the meeting on the 27th inst.,
states the available balance, including £2,144 from
last half year, to be £9,749, out of which a dividend
is recommended at the rate of 4 per cent. for the six
months, absorbing £7,207, and leaving £2,542 to
*be carried forward.

A prospectus has been issued of the Cambrian
Consolidated Gold Mines Company, with a capital
of £150,000, in shares of £2 each. During the past
two years certain mines called the Vigra and
Clogau, near Dolgelly, in Merionethshire, and
which are in the hands of a few persons, have been
reported to yield a very large proportion of gold
from quartz crushing, and much curiosity has 'pre-
vailed regarding them. It is now stated that in the
19 months from January, 1861, to the present time
7,041 ounces of gold have been obtained from 942
tons of quartz crushed, or at the rate of
ounces per ton,—a profit which has amounted to
more than double the original outlay upon the
undertaking, and which is steadily' increasing.
Some of the principal persons interested in these
proceedings have, it appears, since arranged for
leases of about 1,500 acres surrounding their own
district, and which, according to statements fur-
nilsbed, are characterized by the same features, and
it is for the working of these that the new company
is proposed. The consideration is to be £50,000,
of which. £25,000 will be in cash, and £25,000 in
shares with £1 paid, on which the recipients will
be liable to the remaining £l, in common with
the other shareholders. With regard to the state-
ments of the profits of the two original mines (the
Vigra and Clogau), there is no ground for doubt,
the figures being positive end the parties connected
with them respectable. The proposal to' test the
surrounding region, therefore, in the face of the
reports furnished by the mining captains employed
to examine them, and also of the fact that in
Brazil a yield of half an ounce per ton is considered
SatiBfactory, seems a fair experiment for those per-
sons \who have money to spare, and who have no
objection to risks of this nature.

CITY NEWS-THIS DAY.

TWELVE O'CLOCK.

There is a steady demand for discount accommo-
dation at the Bank rate, which remains at 2 per
cent., the directors at their meeting to-day having
found it necessary to modify their regulations. The
aupplies of money in the hands of the dealers are
considerable, while the requirements of the public,
although larger than of late, are yet far from ex-
tensive, but the probability of an adverse effect
being produced, by remittances on account of foreign
oans and other contingencies, induce the banks
and discount houses to enforce full terms for the
Thusinese they negotiate.
An instalment of 15 per cent. becomes due to-
morrow on the Egyptian Loan of £1,811,040.
On the lat proximo a payment of 10 per cent.
will be made to the proprietors of the _Liverpool and
London Fire and Life Insurance Company on ac-
ecunt of the year's dividend due March, 1863.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1862. 1861.
Great Western....
North-Western 107,765 99,223
South- Western
Brighton
lqidlanci
South-Eastern
Great Northern
Lancashire and Yorkshire 35,632 41,922
Bristol and Exeter
north Eastern
°Great Eastern
Ilanchester, Sheffield, and Lincoln 15,153 15,911
Edinburgh and Glasgow
Glasgow and South-Western
Great Western of Canada ... ...... ••. • • 7,762 5,628
These returns are, with one or two exceptions,
..._'3l a very favourable character. On the Great
Western there is an increase of £8,016, on the North
i,western of £8,542, on the South Western of
45,119, on the Brighton of £6l, on the Midland
0f £703, on the South Eastern of £2,373, on the
Great Northern of £2,346, on the Great Eastern of
£2036, and on the Great Western of Canada of
£2,134. The Lancashire and Yorkshire, however,
/lbws a decrease of £6,290, the North Eastern of
£6Ol, and the Manchester, Sheffield, and Lincoln
'of 1758,

CITY, Two o'CLocK.
`The Liverpool cotton market to-day was brisk,
and prices advanced id. per lb. Sales about 8,000
bales.

There has not been much animation in ti e Eng-
lish Stock Market to day, nor have the few dealings
entered into led to any material movement in quo-
tations. Consols have remained at 931 for money,
and 934 I,- for the 4th proximo. Not the slightest
feature of novelty is perceptible either as regards
the character of the transactions or the tendency of
la:ces• The New Threes and the Reduced are
steady at 93' ; Exchequer Bills have receded
t ° 198. prem Bank Stock is 238 and 241 ; India
-ditto remain's at 228; and ditto 5 per Cent. Loan
at 10% I.
Iu the Foreign Market the transactions have
restricted, but prices generally are firm.
Turkish 6 per Cents., 1854, are 841 851 ; ditto,
1838, 72a t; ditto, New Loan Scrip it prem. ;
,
gYptian Scrip has advanced to 121 prem. ; Italian
Per Cents. have risen to 701 4 ; Moorish to 932 ;
5 per Cents. are 97 ; and the new paid up
Scrip, 931.
'the Portuguese Loan is 21 4 prem.; the Vene-
tielau ?a- ; and the Peruvian Ito 0/ dis.
The liquid ition of the half-monthly account has
ut!eupied the thief attention of the dealers and spe-
eq latorE in the Railw[..y Share Market to-day.
ti ices opened rather heavily, but have since shown
as improvement. Great Easterns, Lancashire and
Yorkshire, Midlands, and South Eoterns have im-
ProN ed, 10s, North Western £l, and Great Northern
to £1 10s. Great Westerns, however, have de-
tlin ea about 11.

The Foreign and Colonial lines have continued
dull, but maintain previous rates.
Joint- stock Bank and Miscellaneous Shares
show litde change of importance in value. The
shares of the River Navigation of India and China
ere dealt in at 1 to 1.1- prem.

BRITISH FUNDS—CLOSING PRICES.
13a111(
'93s k i
Per Cent.3k Reduced Annuities.
93$ A -1
leer Cent. Consols Annuities
P3t if i
11,,:tiv° 3 per Cent. Annuities
21A
I -" Sea Telegraph, 1908
228
11.ais Stock
1031 it
Ditto 5 per Cent .
93k
-1-11ttc Enfaced Paper, 4 per Cent bitto 5 per Cent
__l per Cent llll 11
bitto Debentures; 4 per Cent., Oct., 1863
Ditto ditto April, 1864 10041
oo`u ttc bonds £l,000
tlsols for Account, Sept. 4
'xebequer Bills £l,OOO, 3 per Cent
Dian £SOO
)3 POR.EIGN FUNDS—CLOSING PRICES.
tazit•
D, -lan, 5 per Cent
t, '4O ,q per Cent., 1852.58-60
13.1,tian, .7 per Cent., Scrip
Itai.ltte P aid-np Scrip .............. -1i 541 5 4
NI 41,r1 5 Per Cent. (Maremmana Railway) 72i
kiPean, 3 er Cent
o 1,1 account
........ 284
A el. 43311 Imperial 5 per Cent ............ 931
4,...:_
.: ..,ftn 41 per Cent ............. „
....
-i.litto C'Gribarren), 4; per Cent. ... 97 i
1i."1,,i,t,t() 3per Cent. .................... 884
Di f.. 40 ;-, oer Cent 18V £ 5t....... 97
)3:40 tri per Cent ""• • 90t
'p,thitt()) Paid up Scrip 93.t 2/ ?/
IYl'll a per Cent
•pil itto
44
' ritio‘l\r,cv? Deferred
-Litt' 6 per Cent. 1854
Mitt 6 per Cent. 1858 721 A
1).;:‘• Account
Illir• 4160 Bonds
I)i,"° 6 Per Cent., 1852. Scrip l2 A DM
681 8 7A
l'.lll)4°l.l'elPEl7i3lpuepr SCcernipt
140 Account
/tala
- tr.vidends on the above payable in London.
h'
1' ,
u Per Cent., 1861, EX. 25f. -
(:,4,018 THREE O'CLOCK.
bitt 'Pon'eY
° ""ccouut