The Sun.
London, England, 1862-04-07 00:00:00

MONEY MARKET.

CITY, TWELVE O'CLOCK.
Priem the manufacturing districts the accounts
ast week have o:gain been of a more
satisfactory character. A moderate amount of
business bus been done in cloths at Manchester,
chiefly for India and China. In the woollen trade
ttt Leeds the inquiries for light fabrics have been
to an avertge extent, and preparations are in pro-
gress for the autumn aud winter supplies. At
Bradford, Rochdale, and Halifax, there has been
little change of importance, while the hosiery and
lace trades of Leicester and Nottingham have con-
tinued dull. In the hardware districts there have
been symptoms of improvement, and at Birming-
ham, Sheffield, and Wolverhampton, the receipt of
orders for immediate execution from several of the
continental markets, as well as from South and
North America, has caused the operatives to be
more fully employed.
There was an increased inquiry for cotton in the
Liverpool market on Saturday, and prices were
firmly maintained. The sales were 7,000 bales.
The traffic receipts of the Great Western Rail•
way of Canada, for, the week ending the 21st ult.,
amounted to £10,232 against £10,781 last year.
About £60,000 in gold was sent into the Bank
on Saturday.

during he

The Africa from New York has brought £40,600

in specie.

Notice has been issued to the effect that the sub-
scription list of the new Egyptian loan will close
at 2 o'clock, to-morrow (Tuesday) afternoon. On
Saturday the total applied for was £3,878,400,
while tha amount to be emitted is only £2,195,200.
A considerable addition has been made to-day, and
further subscriptions are yet anticipated. The new
security is at 11 premium.
_

The Metropolitan Railway Carriage and Waggon
Company requires £1.00,000 to engage in the busi-
ness of letting carriages and waggons to railway
companies, mineral owners, merchants, and others,
a description of enterprise which is considered
lkiely to prove very successful.
The Italian Irrigation Canal Company, for which
a capital of £1,000,000 is invited in 50,000 shares
of £2O each, has already attracted much attention.
The Italian Government guarantees a minimum in-
terest of 6 per cent., and a sinking fund to provide
for the redemption of the shares, which will take
place annually by la, with the advantage that after
the proprietors have received back their capital in
full they will remain participators in all profits ex-
ceeding 6 per cent. during the remaining term of
the concession. The directors, both in Italy and in
this country, occupy highly respectable positions.
The company is formed for the construction of irri-
gation works in Northern Italy, extending from the
foot of the Alps to the frontiers of Lombardy, and
remunerative profits are anticipated. It appears
that 20,000 shares are reserved for Italy, leaving
30,000 for allotment in this country.
There is very little change to report in the gene-
ral aspect of the discount market, but the demand
has slightly relaxed ; the rates seem a shade easier,
and bills are again negotiable at 2 per cent., and
in exceptional cases even a fraction lower. The
extensive introduction of new schemes, however, is
calculated to create caution among the leading
capitalists, who on the appearance of the least in-
crease in the inquiry will no doubt avail them-
selves of the opportunity to enforce higher rates.

CITY NEWS, THIS D.A.Y.

Two O'CLOCK.

A dull and rather heavy market prevails for the
English Funds, although the variation has been un-
important. The New Loans, and other projects,
occupy almost exclusive attention. Consols are
931 8 for money, and the 10th instant, and 938 94
for the 18th proximo. The New Threes and the
Reduced remain at 921 t. Exchequer Bills are
heavy at 18s. prem. Bank Stock has been dealt in
at 2352 and 236 ; India ditto at 2248 ; and the 5
per Cents. at 108 Z e• . _ _

Increased heaviness is apparent in the Foreign
Market, and the dealings are limited. Turkish 6
per Cents. are 831 ; ditto 1858, 70. Mexican
have further receded to 331 ; Italian 5 per Cents.
to 661; Portuguese to 451 46; and Sardinian are
flat at 811 821; and Spanish Deferred at 431 1.
The New Turkish Scrip is 1 2 prem. ; and the
Egyptian Loan, 11 prem.
In the Railway Share Market the operations have
again been very restricted, and the few bargains
recorded have shown increased depression in values.
Gretat Westerns and North Eastern (Berwick) have
declined Os.; Eastern Counties, Great Northern A
Stock, Lancashire and Yorkshire, Midland, and
South Eastern 10s.
The Foreign and Colonial lines have remained
very inactive, and without, however, any material
change of importance in values. Great Luxemburg
realise lq ; San Paulo 61 ; Grand Trunk of Canada
251 ; Great Western 'of Canada 131 ; East Indian
1041; and Madras 5 per Cents. have improved
to 1024.
Joint Stock Bank Shares have continued rather
dull. Ottoman Bank bave receded to 261 ; Bank of
Egypt realise 236 4 ; Oriental Bank 54 ; and Union
of London 321.
The Shares of the Alliance Bank are 41, 51
prem. ; Imperial, 1, 1 prem. ; Northern Counties,
31, 4 prem. ; and the Chartered Bank of British
Columbia and Van Co'rer's Island, only introduced
this morning, 3 to 31 prem.
In the Miscellaneous Market there has been less
buoyancy. Peninsular and Oriental Steam have
declined to 68 ; the New Shares to 401 ; National
Miscount Company realise 51;end Red Sea and
Telegraph Company, 19 to 191.

BRITISH FUNDS--ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities 92i t
3 per Cent. Consols Annuities 93f 4 31
New 3 per Cent. Annuities
India Stuck
224 f
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per Cent 9Ol
Ditto 5 per Cent. lO2l
Ditto it per Cent lOB4
Ditto Debentures, 4 per Cent., Oct., 1863 —0
Ditto ditto April, 1864 104
Ditto ditto Aug. 1864 or 66 100/
Consols for Account, April 10... 93h
"Exchequer Bills £l,OOO, 3 per Cent lB pm
FOREIGN FUNDS—ONE O'CLOCK.
Mexican, 3 per Cent .... . —z
Ditto Account
Portuguese 3 per Cent., 18.53.
Ditto Account
Sardinian 5 per Cent.
Spanish. 3 per Cent —
Ditto New Deferred
Ditto Account
Turkish 6 per Cent.
Ditto Account
Ditto New Loan
Ditto Account
Dividends on the above payable in London.
Dutch 21 per Cent., Exchange 12 Guil.
9itto Certiticatzs. 4 per Cent. .. 100 99a
Italian, 5 per Cent., 1861 ................ 661
TWO O'CLOCK
Consols, Money
Ditto Account
Ditto May Settlement 94

... 43b i

A banking establishment for the British gold
regions in North America has been formed, under the title
of the Chartered bank of British Columbia:and Vancouver's
Island. The capital is fixed at the moderate but sufficient
sum of £250,000, in shares of £2O each, and the board of
directors comprises the representatives of leading houses in
the North American trade and others of standing to
entitle them to public confidence. The head office will be
in London, and the chief colonial establishment at Victoria,
Vancouver's Island, other branches being contemplated in
proportion as the prosperity and transactions of the colony
become extended . The bank willissue notes, discount bills, re-
ceive deposits, and conduct exchange operations with Canada,
China, India, Australia, Japan, and elsewhere, and perform
in short all usual money business. The recent advices from
British Columbia have shown that a more legitimate un-
dertaking, or one for which there is more urgent need,
could not have been introduced, and the circumstance of
its prompt formation is the more satisfactory from the fact
that if it had been delayed the field would-speedily have
been occupied by speculators of the class who are al-
ways ready to form a company for any plaee or any pur-
pose on 24 hours' notice. The solicitors are Messrs. Fresh-
field and Newman, and the brokers Messrs. Mullens,
Marshall, and Daniell, and Messrs. Hill, Fawcett, ani
THE 2D LIFE GUARDS.—The court of inquiry
into the state of the 2d Life Guards, consisting of Generals
Lawren,son and Lord George Paget and Sir A. Horsford,
adjourned from last Saturday to yesterday, when it resumed
is sittings at the Regent Park Barracks, where the regi •
anent is now quartered. We hear of some pending resig„
nations among the officers, which will still further reduce
ho number of subalterns.—Army and Zravy aazOtte,