The Sun.
London, England, 1862-07-12 00:00:00

MONEY MARKET.

CITY NEWS-YESTERDAY.

The directors of the Union Bank of Australia
have resolved to declare a dividend of £1 15s. per
slaale (equal to 14 per cent. per annum), at the
annual meeting of proprietors on Monday uext)
At the meeting today of the East and West
India Dock Company the directors' report, recom-
mending a dividend of 3 per cent. for the half-year,
Was agreed to.

The tenth annual meeting of the Peel River
Land and Mineral Company was held today,
when a dividend at the rate of 31 per cent. free of
income-tax, was declared.

The Delhi Railway Company have notified that
payments in full, in anticipation of calls, will be
now received until further notice, and 5 per cent:
interest will accrue from the date of payment
thereof into the treasury of the Secretary of State
for India in Council.

The Scinde Railway Company have to-day issued
warrants for the interest payable for the past half-
year on the capital of their several undertakings.
The final instalment of 35 per cent, falls due on
the 16th inst. on the Llusanne and Fribourg Rail-
way Loan for £300,000 stock,
Of the Egyptian Loan for £2,195,200 stock,
£1,716,400 stock was paid up in full up to yester-
day_

The fortnightly settlement in shares and foreign
stocks will commence on Monday, " Continuation
day," and terminate on Wednesday.
The influx of gold to th© Bank continues, in the
absence of any demand for abroad. The amount
purchased by that establishment to-day was
£BO,OOO. The Bavaria, from New York, has
brought £lOB,OOO for England.
Exchequer-bills, in consequence of the reduction
in the rate of discount, experienced a fresh advance
of ls., and closed at 16s. to 19s. premium.
The abundance of money is still increasing, and
the rate for good bills has descended to 21- per cent.
At the Bank of England, however, a fair demand
was experienced to-day under the inducement of
the reduced charge.
In the Stock Exchange to-day the supply of
money was far in excess of all requirements, and
employment could scarcely be found on government
securities at 1 to 11 per cent.
At Paris the demand for money is very easy, and
the rate of discount in the open market has receded
to 3 per cent., or -A below the minimum of the Bank
of France. An early reduction in the rate of dis-
count of that establishment is considered probable.
At Vienna and Turin the quotation is 5 ; Frank-
fort, Berlin, and Brussels, 3 ; Amsterdam, 4 ; and
hamburg, 41, being easier.
.fhe last price from Paris this evening was 68f.
45c., showing an improvement of nearly an eighth.
About £160,000 in gold was taken to the Bank
to-day.
In foreign exchanges this afternoon the rates upon
Pars and hamburg were a shade lower than those
of 'not post. On other places there was no altera-
tion of importance.
The return of the Bank of France for the past
month shows a falling off of nearly £1,000,000 in
the stock of specie.
The report of the Liverpool cotton market for
th e week shows a reaction, business closing heavily
at u decline of id. per lb.
The commercial letters from New York, by the
Etua, mention an increasing apprehension that the
Govtrnment may soon adopt the insane course of
prohi biting the exportation of specie.
It is reported that the contract entered into be-
tween ;'.he Portuguese Government and the Union
Bank of London for the sale of Portuguese stock
has been cancelled. The Government, in making
the proposed loan in this market, engage not to
issue any other securities until after August, 1863,
the sum
no- w to be raised beiug solely for railway
Purposes.