The Sun.
London, England, 1862-10-29 00:00:00

MONEY MARKET.

CITY NEWS, YESTERDAY.

The gold taken from the Bank to-day was
£2u7,000, principally in French coin. It is reported
that this withdrawal is to pay for an amount of
silver purchased of the Sardini,n Government.
A prospectus has been issued of the Union Bank
of England and France,with a capital of £1,000,000,
i❑ shares of £lOO. The recent decree facilitating
the operation of English limited liability com-
panies in France is mentioned as one of the induce-
ments to the project, together with the increase of
transactions between the two countries that has
taken place since the commercial treaty.
The Board of Trade returns for the month end-
ing the 30th of September were issued to-day, and
are, on the whole, satisfactory, since they exhibit an
increase in the declared value of our exportations of
£176,121, or about 1! per cent. Compared, how-
ever, with the corresponding month of the preced-
ing year there is a reduction of £2,250,127, or more
than 16 per cent.
The drain of gold is increasing. About £207,000
was withdrawn from the Bank to-day, for trans-
mission to the Continent, principally to pay for
silver. Recent remittances from America have also
been bought for the same destination, and farther
amounts are expected to be taken from the Bank
during the next few days.
The Secretary of State for India in Council has
intimated that until further notice tenders will be
received on the first and third Wednesdays in each
month, commencing with Wednesday, the sth of
November, for bills of exchange on India to the
extent of rupees 50,00,000 (£500,000) in each
month.

The American advices telegraphed this afternoon
show that the exchange, which, at the date of the
departure of the previous packet, was nearly 147,
has been in the interval as low as 130, and comes
last quoted 143. The premium on gold has declined
from 32 to 31 per cent. In consequence of renewed
orders by this packet to buy on American account,
American securities were firmer after the recognised
hours this afternoon.

The Liverpool cotton market to-day was very
fiat, with sales to the extent of only 550 bales.
In connection with the rise in Greek Bonds, a
belief is still expressed amongst the Greek com-
munity in London that the provisional government
just inaugurated will apply to the English Govern-
ment to give them Prince Alfred for King.
Bills on the Continent were again in demand
this afternoon, and the tendency of the rates of
exchange is still unfavourable to this country.
Another British colony is in the market for a
loan. The agents general for crown colonies have
notified that they will receive tenders until 1 p.m.
on the Bth November, for £200,000 of Mauritius
Government Six per Cent. Debentures.
The half yearly report of the directors of the
Sambre and Meuse Railway Company recommends
a dividend of 2s. 6d. per share.

The numbers are published of various Three per
Cevt. Bonds of the Antwerp and Rotterdam RlR-
way Company, which were drawn by lot on tke
30th ult., and are payable on the Ist November.

CITY NEWS---THIS DAY.

CITY, TWELVE O'CLOCK.

An active demand for discount accommodation is
experienced in the general market, and also at the
Bank of England. Even the best description of
short dated paper cannot be negotiated under 2 per
cent., and the opinion very generally prevails that
the official minimum will be raised I per cent. at
the weekly meeting of the Bank directors to-morrow.
Gold is now of about the same value in London
as in Paris, but about 3-10ths per cent, dearer here
than in Hamburg.

Lenders are invited by the agents'-general for
Crown colonies for debentures, bearing 6 per cent.
interest to the extent of £200,000, being the first
instalment of a loan of £1,000,000 required for the
construction of railways in Mauritius. The bonds
will be for sums of £lOO, £2OO, and £5OO each, and
redeemable in 20 years.

Two o'CLocK.

The Paris Three per Cent. Rentes opened this
morning at 70f. 60e., showing
_a fresh ,fall of }
per cent. sinee yesterday.

At a meeting of the shareholders of the Ocean 12s.
Marine Insurance Ccmpany to-day, Mr. Cato in
the chair, it was resolved not to register the com-
pany under the Limited Liability Act of 1862.
A meeting of the London and Provincial Marine
Insurance Company also took place today, Sir
Henry Locke, Bart., in the chair, when it was una-
nimously resolved to continue under the present
rules, and not admit the company under the Limited
Liability Act of 1862.
No further alteration has taken place in the
English Stock Market to-day, and the transactions