The Sun.
London, England, 1862-06-25 00:00:00

MONEY MARKET.

CITY NEWS-YESTERDAY.

The renewed abundance in the money market has
been attended with a decided increase in the de-
mand for Exchequer Bills, which have risen 35.,
closing at 6s. to 9e. prem.
The last price from Paris this evening Was 68E
65c., showing a further advance.
In the foreign exchanges this afternoon the rate
upon Paris was a shade higher ; otherwise there
was no alteration of importance from the rates of
last post.

There has again been undiminished excitement
to-day in the Liverpool cotton market, at a further
advance.

Later commercial telegrams from New York were
received in the city this afternoon, announcing that
the premium on gold had advanced to 7 per cent.,
and the rate of exchange to 1161, with a corres-
ponding upward movement in the nominal prices
(in paper) of all securities.

The half-yearly meeting of the London and
Greenwich Railway Company is called for the Bth
of July, when a dividend of £1 7s. id. per cent., or
ss. sd. per share, free of income tax, will be recom-
mended.
The first ordinary general meeting of the share-
holders in the Metropolitan and Provincial Bank
(Limited) is called for the 15th July.
A second call of £2 10s. is to be paid by the 12th
of July on those obligations of the Netherlands
Land Enclosure Company on which only £2 10s.
has yet been paid.
Later American telegrams, received this after-
noon, describe great excitement in business circles
at New York with regard to the continued and
important rise in the exchange, which has
ow reached 118. The premium on gold has at
the same time risen to 7to 71 per cent. The
movement in each instance is promoted by the
necessity of making remittances to Europe against
the large amount of American securities sent from
this side. To-day's advices speak of shipments of
specie to Europe to the extent of no less than
1,800,000 dollars, or £360000
,
in the sterling. The rise
premium on gold has also probably
been
stimulated by the arrangements for the circulation
of an additional amount of 150,000,000 dollars of
demand notes. Meanwhile the issues of Govern-
ment paper are still inflating the prices of securities
at New York. For foreign purposes, the American
currency is of course useless, and specie must be
resorted to. The foreign pressure for specie upon
the American markets is aggravated by the eager-
ness with which the Americans, in addition to
carrying all their new Government securities, are
t their old stocks back from the hands of
holders in Europe. European holders, on their
part, are the more willing to sell, because they dis-
trust the permanence of the fabric of paper which
the Americans have reared, and in which they ex-
press Such unbounded confidence.
CITY, TWELVE O'CLOCK.
has Within the last fortnight an important change
Etaken place in monetary prospects. Just before
acessation of the efflux of sovereigns from the
-nk of England in connection with the Turkish
:41kn• Most persons were anticipating an advance
nn
the minimum quotation ; but now there appears
to be greater probability of a movement in the other
direction, because gold is accumulating, the com-
mercial requirements of the country are limited,
and the available supplies of floating capital will
be largel
the y
augmented by the impending release of
July dividends. Two or three new foreign loans
tively
are spoken of, but the amounts involved are compara-
small, and with the sustained importation of
gold from America, Australia and other sources, there
is reason to believe that the reserves of the precious
metal will continue
Agar to be maintained at a high
% Bankers and others are taking advantage
of the opportunity to ask rather higher terms, but
they still grant
concessions, especially to their
regular clients, sufficient to divert business from
the Bank of England.
A call of £llOB., amounting together to £187,500,
becomes due to-morrow on the Scinde (Delhi capi-
tal) Railway
shares.
CITY NEWS---THIS DAY .
CITY, Two O'CLOCK.
Speculative business in stocks and shares con-
tinues
a preference
dull, and as the investing public still show
for new enterprisee, the Stack Ex-
:11„, "lb" mar
necessarily remain inactive. Mexi-
-n '2.cde are now the principal medium of time
dealings, and
the frequent changes must involve a
large a
mount of thediff." Spansh Certi-
ficates also continue to engage attention,i but they
are now comparatively firm owing to the result of
speculative influences, and a scarcity of the securi-
ties created by purchases on account of the public,
'who have been persuaded to believe that the Cortes
really intend to make some arrangement. The
Funds are exceedingly dull and depressed, the bar-
gains entered into to-day basin been of the most
limited character. Consols area9ls 1 for money,
and 911 ;for the account. The New Threes end
have a
remain at 911 1 ; Exchequer Bills
improved to 9s. prem. ; Bank Stock is 233
and 234; and India 5 par Cent. Loan has advanced
to 109 i.
The transactions in the
not been of ma Foreign Market have
proved to 3 gnitue. Egyptian Scrip has im-
-1 1 prem. Mexican have receded to
281 1; Spanish Certificates to 81 9;-. Italian 5
per Conte. are steady at 721
-7.,. Russian Scrip Turkishcon-
-1854, 6 per Cents.,
times flat at par to I prem.
1854, have improved to 831 ;ditto 1858 , remain at
701 t, and the Scrip at 31 4 prem.
In the Railway Share Market the dealings have
again been limited, and prices have remained with-
out change of importance, Lancashire and Yorkshire,
however, have improved ss. ; and South Westerns
10s. ; North Westerns, and Manchester Seeld,
and Lincoln, declined ss. ; and London andh Brffiigh-
ton 10s.
The Foreign lines were also exceedingly dull.
Royal Danish are dealt in at 151, ; Great Luxem-
burg at 131; Bahia cis San Francisco at 171 • and
a •
Recife and San Franco at 131.
For the Colonial lines there was scarcely any de-
snand, Great Western
106° Canada however, realise
111 - East India, 1061 i ; madCas 5 per Cents.,
1021, 103-1.
Joint Steck B ank and per
Shares remain
Yery inactive, Ottoman Bank have declined to 21° 1
Oriental Bank to 51.
In the Miscellaneous Market. Electric Telegraph
have improved to 101 f, and Rio Janeiro lolproVe-'
34ent Scrip is steady, at 2 1
The Eastern Bengal Tea Shares are a a
a prem-.
n 0
and Continental Boat Building Company by mum.
ery al, I prem.
BRITISH FUNDS—CLOSING P2It3IC4E6S.
Bank Stock
911 •_i i }
Viper( ent. Reduced Annuities
911 ii ~
iNP:r Cent-. Consol Annuities
911 f f i
w. 3 .. , 8 . .
1 . Pe. Cent. Annuities
ndia tock . . ...... A., _
1091 it 8 9 i 9
Ditto 5 per Cent .
Ditto Enfaced Paper 4 per Cent
Ditto9l,
DittoDebtao
per Cent.
Ditto 6 per Cent....... ........
1091
entures, 4 per Cent., Oct., 1863 100
Ditto dtito April, 1861 99,4 100
Consols t' A ditto Aug. 1864 or 66 99t
India sto%Toceolint, July 10 ..
Exchequer gikAinuut, 5 per Cent ... , 1091
FOR 00* 3 per Cent •.,
.... 9
LIIIIS—CLP.,SING PRICES.
Brazilian, 5 per c
Ditto 4/ per CeneC" ......
Buenos Ayres 6 per”(lBs9-:68:60 .........
90i /
Ditto 1 per Cep. ~ent .. . ........ 4
'Egyptian, 7 - -.... (Deferred . 3 lc,er.o
Ditto. T' , eer Cent ........
nunana Railway)
laid up Scrip ..........
38
ak
1 A
Itali.gn 5 per Cent. (m.a.;,'' "•'• • • ' ...... 5- 6
Ditto Scrip ......... Mexican 3 per Cent .............. lit
Ditto
Account
.......................
Moorish Imperial 5 •
per .(J ..... ............ 928! i
reruriam 41. per Cent ........ ..... -5- •
Ditto AcCount . ...
: ............... ---oRx
Portuguese 3 per Cent'', L;53 ............ --.4
Ditto Account . * , :,•
. ... ********** 4ni
-?.iisin 5 per Cent * 1822. * i **
********** '-4
11 Itt o 5 per Cent., 1832, ***
--
Ditto Paid-up Scrip *** Scrip.********* Ipm par; d
Epani,:h 3 per Cent ***** : ************** 53 21
Ditto New Deferred.,**************
****** ******
MU o Account *************** * --
441
Ditto Passive.. .......... .......
TSpanish Cert. of Coup. not funded ******* Ot,,:f
urkish 6 per Cent. 1854 .............. 34`-'a
Dittu Account ........................ 834,4 L
DDitto 1862 (Scrip) .................... 8 ' 1
itto, Paid tip Scrip ............... 7t 4 'Venezuela, 3 yer 'Cent. , ................. _..1 1
Ditto Account• ..
i):ridenda an the above payable in Londo
Italian, 5 per Cent., 1861, Ex. 251......... 72a
O' }.n
CLOCR.
..
Ditto Arco 'a
Consols, Mon THREE ey
.......... 9ia
unt ........ • • • • • ......... pli