The Sun.
London, England, 1862-06-26 00:00:00

MONEY MARKET.

CITY NEWS-YESTERDAY.

An instalment of 10 per cent. fell due to-day
on the Italian (Maremmana Railway) Loan for
£1,338,000. . . .

The fortnightly settlement in shares and foreign
stocks will commence on Friday ("continuation
day") and terminate on Mondry.
The amount of gold taken to the Bank to-day
was £17,000.

The Delta will take on the 27th inst. £26,339 in
gold and £34,240 in silver for Bombay.
The position of the cotton trade is becoming
more serious and complicated than ever. Specu-
lators are rushing eagerly into the Liverpool mar-
ket, where extreme excitement prevails. The
transactions to-day comprised fully 25,000 bales,
of which one-half was taken on spiculation and for
export. Prices were quoted not less than 11d., and
in some instances, ld. per lb. higher than on
Friday.

The weather being apparently scmewhat more
settled, the wheat market to-day was dull,
The traffic of the metropolitan railways is now
being a good deal raised by the influx of country
people to the Exhibition. The London and North-
Western return shows this week an increase of
£9,364 ; the Great Northern, an increase of £2.,809
the Great Western, an increase of £6,846; and the
London and South-Western, an increase of £5,593.
The annual meeting of the Netherlands Land
Enclosure Companyis called for the 31st July.
The Master of the Rolls proposes on the 7th July
to settle the list of contributories of the Agricul-
turist Cattle Insurance Company.
There was a relapse of about 4 per cent. in the
afternoon in the India 5 per Cent. stock, which,
after having marked 1091, closed at 109 tol. The-
rupee paper was inquired for.
Exchequer Bills were firm at 6s. to 10s. prem.
The discount market continues easy, and the
supply of money is evidently increased by the be-
lief that it will not be possible to keep the rates at
their present point much longer. Good short hills
were taken to-day at Ti and 2,1, per cent. At the
Bank of England Discount-office the applications
were very limited.
The news given yesterday of an advance in the
exchange at New York to 118 is confirmed. Here
great depression prevails in the market for Ameri-
can securities, and prices are falling, great anxiety
being felt with regard to the course of affairs in
America.
It appears that the .g 5,000,000 of Portuguese
stock, which it is proposed to place by a single
Operation, will complete the amount which the
Government has been authorised by the Cortes to
issue, for making railways and roads. It has been
known for some time past that this amount has
been hanging over the market, and considerable
parcels have been placed from time to time by the
Government agents. The course now about to be
adopted is certainly the more open one. The loan
will probably be issued in London and Amsterdam.
At Paris to-day the 3 per Cent. Rentes opened
atf 68.50, and closed at 68.35 for money and 68.40
yor the account, being -g to ;per cent. lower than
esterday.
The
-alf-yearly interest is advertised on th 6
Per "nt. Debenture Bonds of the New Brunswick
end Canada Railway and Land Company. The
special meeting of this company, convened for the
2 th inst., is postponed.
Counts Nerbudda
In the market for bank shares to-day the only
was an improvement in London and
- Nerbudda Coal and Iron shares were
again in demand, and experienced a fresh advance
of, B'?., being quoted 1 to 11 s
Of prem. Van Diemen'
4,and and Telegraph to India shares were heavy.
the £360,000 of gold on its way to Europe
from America by the Saxonis and New York, the
larger portion is believed to be for England, and as
there is at present no inquiry f)r specie for the
Continent, these arrivals, together with any other
that may take place, are likely to find their way to
the Bank ,where, but for the temporary withdrawal
of sovereigns that will occur on the payment of the
dividends, the total might soon be expected to re-
turn to the high point attained at the beginning of
1118 t month,

CITY NEWS---THIS DAY
CITY, TWELVE O'CLOCK.
The interest on Michigan Central Railway 0
and
Cent.
paid on
Bonds, and on the New Brunswick Cant. Blinds,
per Cent. Debentures will beand
after the Ist proximo.
The City of New York has arrived from New
York with £245,100, and the Suffolk, from Port
Phillip, with £142,348.
d up
The last -1- •
w,e,s.'s railway receipts,
to this day, are in round figures as under :
ascertaine
1861.
1862.
Great Western ........ £68,255 Xer:460993
North-Western 96,057 23,295'-'
South-Western ............ ' ... 28,888
~_„
Mdllrighton ......................... '.•
. 21,581 21to,
Southand 36,357 3089'388
Great-Eastern 23,128 .--,'„ -8
Northern ... . ......... ... 27,587 2-i, i 4()) .
BristLancashire and Yorkshire 33,402 3,9,6„2.3
Northol and Exeter
7,292 1,""-
-Eastern
37,492 41,643
Eastern Counties •
.
:.• ...
!... .....
•27 270 24,758
Manchester, Sheffield, and Li ... •
Lu 13'9.52 15,00
Glasgow and South-Wester:4° 7' -666 7,420
Great Western of Canada ........................ 8,782 6,814
These returns, with •
one or two exception's, are of a
favourable character. On the Great Western there
£9 364•
is an increase of £6,846 ; on the North-Western of
, ; on the South-Western of
Brighton of £3OB ; on the
-Eastern of £740; £5,593 ; on the
South
on the Great Northern of
Counties of £2 £2,809 ; on the Eastern
Canada of ,512 ; •and on the Great Western of
£1,968. Midlands, however, exhibit a
decrease2os of £2,492 ; the Lancashire and Yorkshire,
£6, ; the North-Eastern, L 4,151
chester, Sheffield, and Lincoln 'and the Nan-
the to
turing districts. £1 the continued depression
of trade in the manufac-

CITY, 2,15, ,
fiery little business has been n
Ve o ()CLOCK.
negotiated in the
Money Markeetommunyit, and it is evident that the
to-da
mercantile
Y,l anticipating
easiness, are merely a increased
requirements. A l a ri'gpe la yi n g
aroxrtion of the paper
their most pressing
brought forward has only
artt period to run, and
per cent., and
this description is negotiable
in exceptional cases at 2t per cen2ll•l
sion has the effect of preventing b?r•irrohvivseres°llfreoems-
proceeding to the Bank of England where 3 p cent. is charged, end it is not improbable thater a
o-
further diminution will be exhibited this evenin
in the stock of other securities held by the authg
rifles.

At the meeting today of the London and pro-
vincial Marine Insurance Company, the report gave
a satisfactory account of the progress of the under-
taking. The balance of profit on the underwriting
lt:rs were account
amounts to £37,458 7s. Bd., and the direc-
consequently enabled to recommend pay-
riceenett of interest for the year at the rate of 5 per
A ,Peeria,i'liara. The report was adopted.
Con, e"ag has bz,en held to-day of the Canada
—Patv
divide,:, the report was adopted, and a
4:0:t hen
free of incornet:f assets in hand, of £3 10s. per share,
The Englishta; Was declared.
heavy, although Stock market is dull, and rather
CODBOIB are 916 I:ofmaterial change has taken place.
the New Threes Ect)r money, and 91i i for account'
H; Exchequer
hapr3insud e Reduced are fiat at 91*
prem. ; but the India e improved to 7s. and 10s.
to 1081 Mi. Per Cent. Loan has receded
A fair mount of butoslndess
the Foreign I\larket has been negotiated in
have advanced to 841; din. Turkish 6 per Cents.,
New Scrip to ,:g prern., rt' 1858, to 701- 71 ; ditto
prem.
; Russian Loan .s
o.yptian is firm at 3-.4 1
Miscount Sardini clip have receded toy I
an 821; It i• -;-
flat at 724. , a.,ian 5 per Cents. are
In the Railway Share Mari- t th
prices have
he.en more animated, and ."e the operations have
advance, owing to the favour ble chsahr°awetnet,osfligthhet
traffic returns. Caledonian, Greata Ives
Western, South Western, Manch tern North
eacehster, Sheffield,
; Laimproved ss. ;
and Lincoln, and Midland have
and London and Brighton, £1
South
per
wick3"4Bllire and
Yorkshire, North Eastern
Wales, however, have declined about s .
and
The Foreign and Colonial lines havebeen heavy,