The Sun.
London, England, 1862-09-27 00:00:00

MONEY MARKET.

CITY NEWS-YESTERDAY.

The arrivals of Russian gold this week have
amounted to about £lOO,OOO, the whole of which is
expected to be taken to the Bank.

The lid that the Bank bullion has experienced a
reduction of £1,300,000 since the end of July, when
the rate of discount was lowered to 2 per cent.,
might lead to the idea of an upward movement
being soon adopted, were it not for the evidence
afforded by the largeness of the Bang reserve of
unemployed notes that the commercial demand for
money is steadily diminishing. This reserve is now
£10,482,100, and is higher than at any previous
time since June, 1859, and £2,375,000 in excess of
the amount Lt which it stood at the corresponding
period of last year, when the rate of discount was
3 per cent., and Cinsols were about the same price
as at present. Although there is no foreign de-
mand for specie at this moment, the two or three
next weekly returns must be expected to show a
further falling off in the stock of gold, owing to the
withdrawals of coin for the usual quarterly Go-
vernment payments, and for the approaching divi-
dends.

The foreign exchanges to-day were without varia-
tion of importance, but there was a somewhat in-
erep.sed demand for bills.

Owing to the tenor of the American news the
cotton market was much firmer to-day, and the
fall of the week—id. to ld. per lb.—was recovered.
The sales were 5,000 bales. _ _

The half-yearly dividend is announced as payable
on the 10th of October on the Turkish Six per Cent.
Loan of 1854. On the same day the bonds drawn
July last for redemption, amounting to £42,550,
Will be paid off at par.
The committee of the Stock Exchange have this
day authorised the " London Chatham, and Dover
Six per Cent. 2d Preference Stock" and the " Kent
Coast Six per Cent. B Shares" to be marked on the
Official list. They have also appointed Wednesday,
the Ist October, a special settling-day in the shares
of the Italian Irrigation and Canal Company, which
are to be officially marked.
The half-yearly meeting of the Great Western
Railway of Canada is called for the 15th of October.

CITY NEWT---THIS DAY.
CITY, TWELVE O'CLOCK.
The money market is, in some respects, rather
More active, although the amount of business nego-
tiated is still comparatively small. There is no
alteration in the rates at present, but greater firm-
ness is not improbable during the ensuing week,
owing to the provision that will have to be made
for the monthly liquidation of commercial accounts
and the various demands that usually occur at the
end of the quarter.
Since Monday last the imports of specie have
been about £280,000, and the exports £546,000.
The following with regard to American rock oil
is extracted from Messrs. J. Travers and Son's cir-
cular :—Next to the question regarding cotton sub-
stitutes, the point that is now attracting most atten-
tion in trading circles is the rapid increase taking
Place in the introduction of the oil obtained from
the spontaneous wells in Pennsylvania. The prioe,
which is now about £lB per ton, has exactly doubled
since the spring. This is said to be owing to the
singular rapidity with which the consumption of it
is extending for illuminating purposes, the more
Perfect system of refining having removed the pre-
judices excited by the accidents from inferior sorts,
and the light obtained from it being purer and
'whiter than that of gas, while its price is con-
siderably below that of oil. Turpentine is largely
extracted from it, which has been pronounced to be
of a much softer and more workable character as a
vehicle for painting than ordinary turpentine, and
is capable of being supplied in any quantity at far
10-Ner prices, the quotations of the turpentine, which
has hitherto been principally derived from the pine
swamps of North Carolina, having seriously ad-
vanced during the American war. The use of the
material for the lubrication of machinery and other
services appears, likewise, to be on a large scale.
As the wells extend through a wide district, and
seem almost inexhaustible, while there are also
great number, although of inferior quality, in
Canada, there may be no limit to the growth of the
trade, and some sanguine people are already begin-
ting to calculate that before many years are over
it will attain a point nearly as important as that
Which had been reached by cotton at the beginning
of 1861.

Two O'CLOCK.

Continued heaviness and inactivity are experi-
enced in the English Stock Market, and the few
transactions recorded have taken place at previous
quotations. Consols are 93a for money and ac-
count. The New 3 per Cents. and the Reduced
remain at 911 92; Red Sea Telegraph Annuities at
2l1; India 5 per Cent. Loan has receded to 1081;
and the 4 per Cent. Enfaced Paper is 94.
Foreign Securities are well supported, and busi-
ness has been moderately active. Turkish 6 per
Cents. are 85* 86*; ditto 1858, 671 681 ; ditto
New Scrip, 11. to 1 dis., and the CoLsolides, 371
38 ; Mexican are steady, at 31i ; Portuguese
Small Bonds are 461, and the New Loan Scrip re-
mains at 21 prem. ; Spanish are 541 ; ditto Passive,
211 4, and are at the latest moment 221; ditto Cer-
tificates, 101; Italian have improved to 701 ; and
Venezuelan are supported, at 281.
Business in the Railway Share Market has
continued dull, the dealers and speculators being
chiefly occupied with the half-monthly settlement,
and prices have remained without change of im-
portance. Great Easterns realize 451 46; Great
Westerns ot- ; Lancashire and Yorkshire 108* ;
`led South Eastern 83 to 831.

In the Foreign and Colonial undertakings there
has been a very limited business recorded, and
prices remain without change of importance.
Joint Stock Bank and Miscellaneous shares are,
in one or two instances, rather flatter. London
„itY 901 and County realize Mt ; Ottoman Bank 24 ;
Scottish Australian 32i;
City
Crystal Palace Stock 341. 34.1 • and Berlin Water
4, ,
Works 6a 4
15 8 •
The London and Colonial Bank Shares area 1
Prem.

3 BRITISII FUNDS—CL-
OSING
Per Cent, Reduced Annuities PRICES.
2
3 per Cent Consols Annuities
IT `2 ", 3 per Cent. Annuities 9l
Indi itstoDi (Red Sea Telegraph),
ck
Aug. 1908 2ll
1081
Ditto 5 per Cent .
Ditto Enfaced Paper, 4 per Cent ...••• 94
Ditto Debentures, 4 per Cent., Oct., 1863 1001
D tt,, Bonds £l,OOO
Bank Stock for Account
onsols for Account, Oct. 8 . 931
India Stock or Account, 5 per Cent .... 1081
Exchequer Bills £l,OOO, 3 per Ct. .. Jun 3. March.
17 16
Ditto £5OO : _ 16
Ditto Small — _
FOREIGN FUNDS—CLOSING PRICES.
Brazilian, 5 per Cent —
Buenos Ditto 4i per Cent.. 1852-58-60
Ayres 6 per Cent
MEquador Now Consolidated!
Alidated!
I 34i
n
Portuguese 3 Per Ce t ,
I ,itto Small " 1853.
Ditto Scrip, 1,5....
* .
........ 461
2 P.nsian 5 per Cent 182•2“ x• .......... 2 i
Ditto 41 per Cent.,
92
Elpanisii 3 per Cent ................................. ••••••••.•.•+o 92
541
Ditto Passive ... . .............214 I-
Spanish Cert. of Coup. not funded.... •• •
Turkish 6 per Cent. 1854
Ditto 6 per Gent. 1858 ........ 61 8
6 er Cent. 1862 (s - ...
Ditto p Sc i cr,P), £5O paid 1$
Ditto, Paid upr p• .........
........ 66i 1
Venezuela,
D:viden
per Cent. ....
ds on the ......... 281
above payable in London.
Italian, 5 per Cent., 1861, Ex. 25f.
......
Ditto Ac3ount ..................... 701 1
TWO O'CLOCK.

COTlsnis, Money ......................
Ditto Account ......................

--:-_
MURDER OF A BRISTOL POLICEMAN.--on That's'
LlaY morning, about three o'clock, death put an end to the
sufferings of Christopher Wickham, the policeman Who was
stalked some weeks ago, on the Welsh Back, by, as it was
alleged, a man named Robert Morgan, who was apprehended
and brought before the magistrates, and by them remanded
from time to time on the charge of stab Ling, to await the
time when the wounded man should be sufficiently reco-
vered to be able to appear against him. That time, how-
eravl'lr;inngever came, for the constable, though occasionally
in a slight measure, could not bear up against the
excessive loss of blood he sustained in consequence of the
after outici
. An
inquest was convened the same afternoon, and
_onertaking medical evidence, it was adjourned. The pri-
soner was brought up in custody, looked
l'alij°, dto feel the painful position in which he WAS pined
84 aNtOly,— w pale, and
Morn ,Dadg Press,