The Sun.
London, England, 1862-10-14 00:00:00

MONEY MARKET.

CITY NEWS-YESTERDAY.

The Kent, from Australia, has brought £312,000
in gold; the Arabia, from Boston, £47,000 in gold;
and the Atrato, from the West Indies, £42,000 in
gold, and £109,000 in silver.

Owing to the enormous extent of the
grain impor-
tations last week from the Continent and America,
it was found scarcely possible at the corn market
this morning to effect sales even at a reduction of
2s. or 3s. from the depressed quotations of Mon-
day last.
About £9,000 in gold was taken to the Bank to-
day.
The commercial letters from New York by the
present mail show that a great discrepancy existed
between the price of gold and the quotation of bills
on England, which would be likely for the moment
to lead to a considerable increase of specie ship-
ments to this country. The reason for the decline
in the price of geld from 231 to 221 is stated to
have consisted in the fact of a large amount having
been disbursed from the Treasury on the previous day
in payment of interest due on Federal securities. "It
is difficult," it is remarked, " to see how 11r. Chase
proposes to meet his November interest, as the
enhanced value of gold will cause the call loans of
specie which have enabled him to pay the October
dividends to be withdrawn. Four per cent. per
annum interest on 100 dols. for gold worth 125 dols.
is, in fact, only 3 per cent., and this is too small an
advantage to induce holders to prefer the security
of the Government to that of private vaults." Under
the circumstances an expectation seems to have re-
vived of an early decree prohibiting the exportation
of specie, a step which would be perfectly in ac-
cordance with all that has hitherto been witnessed.
The importations of European goods at New York
continue comparatively large, their amount during
the past few weeks having been about four times
that of the corresponding dates of last year.
The steamers to arrive this week are the Borussia
and Etna, from New York, on the 4th inst., and
the Nova Scotian, from Quebec, also on the 4th.
The next Cunard steamer is the Scotia, and, as this
is the most speedy vessel of the fleet, her advices of
tf.)e Bth inst. may probably be telegraphed on Fri-
dascr afternoon.
Among the few Acts of Parliament immediately
interesting to mercantile men, the Merchandize
Marks Act, 1862, will at once be acknowledged as
possessing many most important features for their
study and guidance. We are glad to see that it has
just been edited by a very careful legal analyst, Mr.
H. B. Poland, of the Inner Temple, and that he has
spared no pains to interpret, by the aid of terse and
apposite notes, the text of the 26 clauses of which
it is composed. When we add that it is admirably
-printed at the Law Times office, elaborately in-
dexed, and published at a very reasonable price, no
one will doubt a very extensive sale.
CITY NEW§---THIS DAY .

CITY, TWELVE O'CLOCK.

A full demand for money is reported in the dis-
emit market to-day, the supplies of commercial
bills on offer showing a slight increase in the re-
quirements of the public. The payment of the
dividends has commenced at the Bank of England,
but some days will probably elapse before the
amount thug realised will exercise any influence
upon the market. It may be questioned whether
any material effect will be experienced as the mini-
mum is likely to be maintained at 21 per cent.,
and little disposition will be evinced on the part of
discounters to make further concessions, especially
as the bullion is expected to exhibit a further
diminution.

The Lord Raglan has arrived from Australia with
£169,184 in gold.

The first meeting of the Indian Carrying Com-
pany has been convened for the 21st inst.
The Stock Exchange Committee has appointed
Friday next for a special settlement in the shares
of the London, Buenos, and River Plate Bank, and
dealings in them are to be officially recorded. The
committee has also ordered the shares of the Montes
Aureos Brazilian Gold Mining Company to be
marked in the official lists.
The mail from Guayaquil has brought a remit-
tance of £751 9s. ld. on account of the dividends
on debt of Ecuador.

During the last few days there has not been
much animation in the Foreign and Colonial Produce
Markets. Sugars in some instances have slightly
declined, but tea, coffee, and rice have remained at
about previous rates. The tallow market has been
dull, without, however, any material alteration in
values. P.Y.C. on the sp)t is quoted 475. 3d. to
475. 6d. ; and spring delivery, 48s. per cwt.

Two O'CLOCK.

There is no change in the money market since
the previous report, a large amount of business
being still in progress.
Although there is a complete stagnation of busi-
ness In the market for the English Funds, continued
firmnt'ss is apparent, the few dealings entered into
having failed to produce the slightest movement in
either direction. Consols are 931 I; for money, and
93i 94 for the 6th proximo. The Now Three per
Cents. and the Reduced are steady at 92,-1 ; Bank
Stock is at 236 and 238; India ditto at 228; ditto
5 per Cent. Loan, 1081 1098 ; and the June Exche-
quer Bills are firm at 235. prem.
The transactions in the Foreign Market have
been very restricted, and prices generally are rather
lower. Turkish 6 per Cents., 1854, are steady at
82 83; ditto, 1858, nominally 681 69; the New
Loan Scrip, s t prem.; and the Consolides are
firmer at 381; 39 ; Italian ha,. e declined to 73; ;
Spanish Certificates to 91; Dutch to 651 ; and
Venezuelan to 29-1 ; Egyptian are 89-Z1; Mexican,
33: i; Portuguese Scrip, 28 / prem.; and Rus-
sian New Loan, 951 1.
In the Railway Share Market the chief business
transacted has been in connection with the half-
monthly settlement, and prices have, in one or two
instances, exhibited a slight improvement. Great
Eastern, North Western, and South Eastern have
improved ss. ; Great Western, 155.; North British,
however, have declined ss.

The Foreign and Colonial undertakings continue
without change of importance. Turin and Savona
realize 21; Great Western of Canada, however,
have improved to 121 i; and Great Indian Penin-
sula to 1041.

Joint Stock Bank and Miscellaneous Shares
are, in some instances, rather higher. Alliance of
London and Liverpool have improved to is -I;
London and Westminster to 78t ; Canada Land is
firm at 97 ; and Crystal Palace Stock 34i; London
and Colonial Bank are quoted 11 la prem.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock ....
3 per Cent. Reduced Annuities 92 I 2 }
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 92 i 2 i 2 1
India Stock
Ditto 5 per Cent. lO9l 81
Ditto Enfaced Paper, 4 per Cent 94}
Ditto 5 per Cent lO5
Ditto 51 per Cent.
Ditto Debentures, 4 per Cent., 863
Ditto ditto 0ct.,.1
Consols for Account, Nov. 6
Ditto April, 1864 101 k
Ditto B ditto Aug. 1864 or 66 1011
Bonds El,OOO
Exchequer Bills £l,OOO, 331 28
93i 4
Ditto
F oSitmEa 11 _ Juno. March.
..... per.. .. t. . . 2230 ,
Ditto
shoo ..
......
Brazilian, 5 per Cent
iuN FUNDS—CLOSING PRICES.
Ditto 4i per Cent.,lBs,
Egyptian, 7 per Cent. s"
-58-60
Ditto, Paid up Scrip' . L:criP
Italian 5 per Cent. (Mare'in"ra-
an.. ....
Railway)
8774 8
IVPxican, 3 per Cent ...
n Hectares 1201
Ditto ex over-due Cou
Ditto Account
New Grenada, 2 per Cent ...... .......... 34 31 i
Ditto Land Warrants .' d
.... . ......... 28
ps. a
Peruvian 41 per Cent
Ditto 41 New, 1862, A Scrip, £53 paid : . . 4
1—
Portuguese 3 per Cent., 1853 ..•..... 1
•• • . 2
Ditto Scrip, £l5 pd a
Ditto Paid-up Scrip
Russian sper Cent 1822 £ St
Ditto Paid up Scrip 951 i I-
Spanish 3 per Cent
Ditto Passive... ...........
Spanish Cert. of Coup. not fuuded
Turkish 6 per Cent. 1854
6821
Ditto 6 per Cent. 1858 .............. . 9
_Ditto 6 per Cent 1862 (Scrip), £5O paid i 1
68 f_ 8
Ditto, Paid up SCrip
Venezuela, per Cent.. ,
Dividends on the above payable iu London.
Dutch 2 per Cent., Exchangs 12 Guil.
Italian, 5 per Cent., 1861 Ex 25f. 3
, ' THREE O'CLOCK.
1
Consols, Money .... 93a
..
Ditto Account .. "„,,,,, or tm "I