The Sun.
London, England, 1862-09-06 00:00:00

CITY NEWS,-YES7ERDAY.

Adviecs from Bahia, state that the 4th section of
the Bahia Railway has been opened for traffic, com-
pleting about 50 miles out cf the entire length of
77 miles, and that the remaining 27 miles are ex-
pected to be finished by about the end of the year.
With reference to the new Venezuelan Loan, it
appears that the commi',tee of the Stock Exchange
yesterday, after deliberation, resolved to adhere to
the resolution previously adopted, viz., to defer the
appointment of a settling day until the formal rati-
fication sUall have been rec'-ived by the c'ntractors.
This is expected. to arrive from Venezuela early
next 'month.

An instalment of 10 per cent. fails due on the
new Russian Loan on the 10th inst,
About £117,000 in gold was taken to the Bank

to-day.

The Scotia, from Ntw York, has brought
£120,000 in specie, and the Bavaria!£B,ooo.
The tendency of the foreign exchanges this after-
noon was again unfavourable to this country, the
decline being promoted by the purchases of silver
on the continent for transmission to India in pay-
ment for cotton.

There seems to be a considerable want of financial
management or foresight at St. Petersburg, since
the steamers in connection with that city bring gold
hither and carry it back on each trip. The Em-
peror, which arrived at Hull on Saturday last, had
£150,000 on b,Jard which was duly transmitted to
London, and the party to whom it was given in
charge is noTy actually carrying back to Hull be-
tween £200,1000 and £300,000 to be shipped for the
return passage of that steamer to-morrow. If the
Government, instead of requiring gold to be sent
on acco'ant of the instalments on the recent loan,
were to draw bills on London, and sell them to the
merchants at St. Petersburg, the latter would be
saved the trouble and expense of shipping specie in
discharge of the claims of their English correspon-
dents, and both parties would be gainers by the
arrangement.

CITY NEWS---THIS DAY.

CITY, TWELVE O'CLOCK.

The imports of specie during the week have
amounted to £686,000, and the exports to £764,000.
The public sales of foreign colonial wool have
been brought to a close to-day. During the series
107,000 bales have been offered—the largest quan-
tity on reco rd.

The Lon don directors of the Grand Trauk Rail-
way of Canada have issued a copy of the accounts
as they have just been received from Canada for
the half-year ending the 30th June, 1862. The
total rermue amounted to £382,992 12s. 10d., and
the total_ expenses to £319,556 9s. 5d., or at the rate
of 831 per cent. The profits upon this half-year,
added to that of the previous six months, makes
the p;:cfit for the year ending 30th June, 1862,
£159;144 ls. 11d.

The Money Market closes this week with a very
quiet rind easy appearance. A little more activity
was occasioned by the monthly adjustment of com-
mercial accounts, but the effect was less importan t
than usual, although a considerable quantity of paper
arrived at maturity. So abundant were the available
supplies that the requirements of the mercantile
community were provided for without disturbing
the ordinary course of affairs, and the market could
scarcely exhibit a more tranquil aspect than it does
at the. present moment. The extraordinary low
minimum now prevailing at the Bank of England
will not admit of much greater facilities being
offered elsewhere, but the 3-oint Stock Banks and
private discount establishments anxious to employ
their available balances are negotiating choice bills
at 11 per cent., and they are thus enabled to secure
a good deal of business that might otherwise be
taken in Threadneedle-street.

Two O'CLOCK.

Only a small amount of business has been nego-
tiated in the English Stock Maiket to-day. At
one time, however, a few buyers came forward,
and their oyerations led to a temporary improve-
ment, Consols then being 93 for money,
and 93 for the account. Since then, how-
ever, a little flatness has prevailed, and the
latest prices'4are 93Z, and 931 -2- respectively.
Numerous transactions have taken place in the
Foreign Market. Italian 5 per Cents. have re-
mained steady at 70s. The Egyptian Loan is
marked 97t1, being a little firmer. Mexican have
also tended upwards, the official prices being
301 _a. The Peruvian Loan has been sup-
ported at discount to par, and there has
been no change in the Portuguese or Venezu-
elan lozans. Turkish 6 per Cents., 1854, have con-
tinued at 85 86 ; those of 1858 have been dealt in
at 67 671 ; the Scrip of the New Loan has been
1 1 dis. ; and the paid up portion, 66 661. A
further slight improvement has taken place in
Spanish Passive, the quotations being 191 t.
In the Railway Share Market the operations have
been very restricted, prices, however, have shown
rather more firmness. Caledonians, Lancashire and
Yorkshire, North Westerns, and North Eastern
(Berwick) have improved 55.; Great Northern A
Stock, 10s. ; and Midlands, 15s.
The Foreign and Colonial lines have remained
without any material change in values. South
Austrian and Lombardo-Venetian realise 22-1 ;
Dutch-Rhenish, 17?,-; Great Luxembourg, 142-, ;
Grand Trunk of Canada, 201; Great Western of
Canada, 1211 Great Indian Peninsula, 103; and
Scindes improved to 103 and 1031.

Joint-stock Bank and Miscellaneous Shares are
without change of imrortance. Alliance of Lon-
don and Liverpool have improved to 12-1 1; Otto-
man Bank realise 281; and National Discount
Comp;any, 6Q I.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities Ol4 2/ 2
India Stock
Ditto 5 per Cent.
Ditto Debentures, 4 per Cent., Oct., 1363 101
D ti,) Bonds £l,OOO
Consols for Account, Oct. 8 . 93a 1-
jun June March.
Exchequer Bills £l,OOO, 3 per Ct. .... 20 3
Ditto £5OO .. 20 3—l
'Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Egyptian, 7 per Cent., Scrip
lialian 5 per Cent. (Nlaremmana Railway) 721
MAxican, 3 per Cent
Ditto Account
Peruvian 41 per Cent _ —
Ditto (Uribarren), 41 per Cent. .. 98:1:
Ditto New, 1862, A Scp, £l3 paid .... i dis par
Portuguese 3 per Cent., 1853 —
Ditto, Paid up Scrip 46/ 6
illissian 5 per Cent 1822 £ St —
Ditto Paid-up Scrip
Spanish 3 per Cent
Ditto Passive.. , l9l
Turkish 6 per Cent. 1854
Ditto 6 per Cent. 1858 .. 67/
Ditto 6 per Cent., 1862 (Scrip)
Ditto, Paid up Scrip
Ditto Guaranteed, 4 per Cent.
Venezuela, 3 per Cent —
Ditto Account
Dividends on the above payable in London.
Italian, 5 per Cent., 1861, Ex, 2sf,
TWO O'CLOCK.
Con!cls, Money
Ditto Account

2,1

SITRREY.—THE HOPPING SEASON.—During the
past week we have had first-rate weather for the hops. The
Farnham bops this year, we understand, are very good, and
those growing in the neighbourhood are also spoken of as
being in fine condition and very large. It is estimated that
the crop will yield, on the average, between 7cwt. and Bcwt.
to the acre. In the parish of Farnham there are a great
many acres cultivated, and large numbers of " hoppers,"
comprising gipsies and poor people out of employment, are
beginning to flock into the town, ready for "picking,"
Which will be pretty general next week. The newly esta-
blished hop fair at Farnham will be held in the early part
of October.
The receipts on the German railways are gene-
rally increasing. On the Magdeburg. and Halberstadt line,
the dividend for the last year amounted to 221 per cent.;
on that of the Magdeburg and Leipsic line, 17 per cent.; and
that of the Leipsic and Dresden line, 151 per cent. On the
other hand, eight German railways have given no dividend
at all. These latter are local and short branch lines.
INTERNATIONAL EXIIIBITION.—The visitors yes-
terday were—By season tickets, S,OSG; by payment (half-
a-crown), 15,514—t0ta1, 20,600.
A thousand patents have been issued by the
United States for improvements in ploughs, 750 of which
're been granted within, the last 15 years,