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

MONEY MARKET.

CITY NEWS-YESTERDAY.

Buenos Ayres Bonds have not been affected in
price by the announcement that the Government
have commenced to make remittances to London
five months before the next half-yearly dividend
becomes due.

Turkish securities are still greatly prejudiced by
the attempted introduction into this market of the
new internal Six per Cent. Stock, which is being
issued in Constantinople in part redemption of the
currency. The proportions assigned to the holders
are 40 per cent. in specie (out of the proceeds of
the last London Loan), and 69 per cent. in this
home stock, which is being privately dealt in here
at about 33 per cent. It cannot be quoted in our
Stock Exchange, as the rula of that establishment
cannot be complied with; and the dividends are
payable solely at Constantinople, where the claims
on the Treasury, as is well known, are not always
discharged in the most punctual manner. The
violent fluctuations in the exchange, moreover,
have an important bearing on the value of this
paper, yet some anaount of it has been placed
privately in London, in consideration of the great
disparity of price as compared with that of the
English issues. The expensive war in Montenegro,
it is feared, will yet have an unfavourable effect on
Turkish finance.

The new Venezuelan Loan was allotted to-day,
and general satisfaction was expressed at the equi-
table end business-like manner in which the dis-
tribution has been conducted by Messrs. Baring
.Brothers and Co. The principle adopted appears
'to have been as nearly as possible that of a pro
rata allotment. The great majority of applicants
for moderate amounts appear to have received about
one-fifth of the stock written for. The scrip will
be ready for delivery on the 14th inst.
Messrs. Fri:lhling and Geschen have issued an
advertisement reminding holders of old Egyptian
Government stock that they can apply for allot-
ments of the new loan until 3 o'clock on the 11th
inst.

An extraordinary meeting of the Commercial
Dock Company is convened for the 22d inst., to
empower the directors to raise the funds authorised
at the general meeting in June last, and alsd the
further sums required ; and to authorise the con-
'version into capital of the money borrowed by the

company.
It appears that of the £750,600 of capital of the
Buenos Ayres Great Southern Railway as much as
£300,000 is already subscribed for, although the
prospectus has only just been issued. A consider-
able portion is taken by Buenos Ayres bondholders,
and the rest by persons of respectability practically
acquainted with Buenos Ayres, and with the re-
sources of the district to be traversed by the rail
way.

CITY NEWS-THIS DAY.

TWELVE O'CLOCK.

The Bank of England return, completed to the
6th August, is of a less satisfactory character. The
bullion shows a rather large diminution, while
'there is a considerable reduction in the reserve of
notes. The other securities, owing to the payments
due on the 4th inst., have been lessened to some
extent, and there is a large falling off in the pri-
vate balances. The various items, and the changes
they present, are shown in the subjqined table:--
Active Circulation .. • . £22,586,520
Increase 85
Bullion 17,956,"38
ll.ecrease 491,505
Rest • • • • • . 3,350,525
Increase .. .. • • • • 91,976
Public Deposits .• 6,157,358
Increase .. .. 261,518
Other Deposits.. .. 15,232,959
Decrease .. • • .. 1,670,109
Seven Day and other Bills .. .. 791,873
Increase .. • • • • • • 50,972
Government Securities .. 10,986,097
Decrease .. • • • • • • 16.582
Other Securities • • .. 1.9,079,200
Decrease 363,171
Notes Unemployed .. • . 9,198.790
Decrease .. 824,205
The Borussia, from New York, has brought about
£lO,OOO in specie.
The Tagus, for Lisbon, has taken out 280,000
sovereigns.
A dividend, at the rate of 1 per cent., will be re-
commended by the directors of the Great Western
Railway.
The traffic receipts of the South Austrian and
Lombardo Venetian Railway, for the week ending
the 29th ult., amounted to £52,093, or £3,905 more
than in the corresponding period of last year.
During the last few days the dealings in the
Foreign and Colonial Produce Markets have been
rather less active. Tea at public sale has sold
slowly, without, however, any ',change in values.
Sugars have slightly given way, particularly
medium and low descriptions of British West India,
and in the refined market a heavy tone has prevailed.
Coffee has remained without material variation, as
regards price, but the operations have been very
limited. Saltpetre has been dull and rather cheaper,
while a slight improvement has been perceptible in
the Tallow Market, particularly for forward de-
livery. At the public sales of colonial wool the
attendance of dealers has been large, and except
for low and inferior qualities, 1 he prices established
at the commencement of the series have been gene-
- rally well maintained,

BRITISH FUNDS—ONR O'CLOCK.
Bank Stock
4 per Cent. Reduced Annuities 93s A 3
per Cent. Consols Annuities
New 3 per Cent. Annuities ' 3a 6
It'ev, •?,i per Cent. Annuities 77f
Annuities, 30 yrs, expire hth Jan., 1880 —
iiitto for 30 yrs, expire sth April, 1885 l5 7-16
Re-1 Sea Telegraph, 1908
India Stock
it. Ditto S per Cent.
•itio Enfaced Paper, 4 per Cent 93;
Ditto 51 per Cent ll2 llt
1), il, , Bonds fi1,.100
Ditto ui,der £l,000
cou,:ois for Account, Sept. 4 (13k ±
t kche quer Bills £l,OOO, 3 per Cent
Ditto £SOO
Ditto Small
FOREIGN FUNDS—ONE O'CLO 'K.
t;''yptittn, 7 per Cent., Scrip
Ditto Paid-up Scrip
tirenada Active ....
Ditto ex over-due Coups. and Hectares 10k
Peruvian 4' -,,r Cent.

- eruvian 4 pel
per Cent 1822 St ..
Ditto 41- per Cent
Ditto 1862 (Scrip)

, ..
Ditto, Paid up Scrip 93! I
Epantan 3 per Cent
1 two Account
h,Spin ish Cert. of Coup. not funded
i:arkieh 6 per Cent. 1854
l)itto Account
Litt() 6 per Cent. 1858 ..
Ditto Account
Ditto 6 per Cent., 1862. Scrip lh i I
Z ~..,Ditto, Paid up Scrip 6Bl i 7/ 8i
enezuela,
3 per Cent —
Ditto Account
Ditto lt per Cent
Dividends on the above payable in London.
Italian, 5 per Cent., 1861, Ex. 2sf.
CITY; Two o'CLocK.

The English Stock Market at the commencement
?f business this morning appeared exceedingly
heavy, and a decline of k per cent. took place.
Vlore firmness, however, subsequently prevailed,
411 d Consols, which temporarily descended to 931
f" money, and to 931 1, for the account, are now
e?teParatively firm, at 931 d and 93e k respectively.
The New Threes and the Reduced have receded
t: 931 ; .Exchequer Bills, 225. to 265. prem.;
"'lank Stock has risen to 239 and 241; India Stock,
to 228 and 230; and the Five per Cent. Loan re-
main s at 1081 2.
In Foreign Securities the dealings have been of
.moderate character, and prices, in several in-
Bte flees, show a further decline. Turkish 6 per
een 1354, have receded to 841 851 ; ditto, 1858,
Lo
72 11; ditto, New Loan Scrip to 1 prem. ;
talian .5 per Cents. to 711 ; Peruvian to 1001 ;
s PEtnish to 541 ; ditto Certificates to 89 911; Egyp-
tiane Sct ip has advanced to 151 161 prem. ; Vene-
net" 3;por Cents. are steady at 261,; and ditto 11
Per Cents. 1,3.
Portug 'nese Scrip is 21 3 prem.; the Peru-
ana dis.; end the Venezuelan t 1 prem.
.ei
"eavy toile has prevailed in the Railway
Sharel,,,: Market, and the decline in some instances
been important., Bristol and Exeter, and
Great "Westerns have declined ; North Western,
153,; E astern Counties and Midland, los. ; and
.304th
r
itn- "stern, 55.; Caledonians, however, have
improved £1 ; and Great Northerns, 10s.
been 1? Porei .gn and Colonial undertakings have
in limit, td demand. South Austrian and Lem-