The Sun.
London, England, 1862-09-26 00:00:00

MONEY MARKET.

CITY NE WS-YESTERDAY.

About £25,000 was taken from the Bank to-day
for transmission to Portugal.
The Bombay mail steamer Mooltan. sailing on the
27th inst., will take out specie to the amount of
£206,615, of which £2,665 in gold is for Alexandria,
and the remainder, £30,100 in gold and 73,850
Jn silver, for Bombay.
Business has been almost totally suspended to-
day in all the markets where quotations are liable
to be affected by the events of the American war,
and it would have been extremely difficult to effect
sales, owing to the conjectures excited by the non-
arrival of the expected telegrams from either et the
three steamers now due.

The extent to which the overtrading on the part
of the cotton manufacturers was carried previously
So the American war may be illustrated by the fact
.that, according to the latest advices, the stocks of
piece goods at Calcutta and Bombay were fully
equal to a year's consumption, even under ordinary
circumstances. From the economy induced by the
present high prices, the supply will, of course, prove
adequate for a much longer period. It also appears
that such shipments of goods as are now in progress
'to Calcutta are upon terms 20 per cent. above the
last quotations from that port.
The Continental money-markets show little varia-
tion. At Paris, A msterdam, and Brussels the rate
is 3 per cent., at Frankfort it is 2 per cent., and at
Hamburg, 31.
The St. Petersburgh advices show that the recent
rise here in flax and hemp has stimulated the Rus-
sians to ask extravagant prices. Business in the
interior of Russia is better than was anticipated,
'and the sales at the fair have, on the whole, been
satisfactory.
The Colonial-office have intimated, in reply to
representations with regard to the unprotected con-
dition of the island of Labuan from piratical attacks,
that instructions will be forthwith sent to the
Admiral on the China station to despatch as early
as may be practicable to the coast of Borneo some
suitable vessel for the suppression of piracy in the
Eastern Archipelago_

The Bank of British Columbia have commenced
business, the Lords Commissioners of her Majesty's
Treasury having given the requisite certificate.

Owing to the favourable character of the report
just issued, the shares of the Commercial Union As,
surance Company were inquired for to-day.
After business hours the arrival of a private te-
legram with news by the City of New York, from
Cape Race on the 16th, occasioned great excite-
tnent. The information received is to the effect that
M'Clellan had completely defeated the Confederates.
The quotations of American secirities were given
2 or 3 per cent. higher from New York, and ex-
change on London had receded to 129.

A very large number of white mulberry trees
have come to perfection in Tasmania, and the silk pro-
duced there has been pronounced equal to the finest grown
in Italy. Silk is likely to be a valuable staple production
of Tasmania.

CITY NEWS---THIS DAY.

CITY, TWELVE O'CLOCK.

Notwithstanding the increased demand for
money, usual at the end of the quarter, the Dis-
count Market continues extremely quiet, and the
rates exhibit undiminished easiness.

The Mooltan, to be despatched to-morrow with
the Bombay mail, will take out £206,615 in specie.
The Anglesey has been announced this morning
from Port Philip with £27,600 in gold.
The Bank of England return, completed to the
24th inst., exhibits little variation of importance.
There is a small diminution in the stock of bullion,
and a slight increase in the reserve of notes. The
-various items, and the change they present, are
shown in the subjoined table :--
Active Circulation ..
Decrease ..
Bullion .. • • ..
Decrease ..
Rest
Increase ..
Public Deposits 00 00
Increase .. .. • •
Other Deposits.. ..
Increase
Seven Day and other Bills ..
Decrease . .
Government Securities
Increase ..
Other Securities
Increase
Notes Unemployed
Increase

.. £20,501,7135

• . 292;390
.. 17,166,742
.. 199,011
.. 3,647,227

.. 529
.. 9,268,106
.. 193,827
.. 13,325,230
.. 91,325
.. 798,966
.. 17,866
.. 11,252,610

14,063

.. 19,524,942

.. 32,373
.. 10,482,100
• • 61,600

Two O'CLOCK.
The traffic returns on the South Austrian and
Lombardo-Venetian Railway for the week ending
the 15th inst. amounted to £52,264, being an in-
crease of £1,784 compared with the same period in
1861.

There has been no improvement in business at
the Stock Exchange to-day, and further indications
of heaviness have been perceptible, owing to some
sales for transfer. Consols are 931 for transfer,
and 93/ 1 for account, showing little variation.
The New 3 per Cents, and the Reduced are flat at
191 i 92 ; Exchequer Bills, June, 20s. prem.; ditto,
March, 17s. to 20s. prem.; India Stock is 220;
and the 5 per Cent. Loan, 1088 8.
In the Foreign Market business is rather quiet,
and prices are well supported. Turkish 6 per
Cents., 1854, have been dealt in at 854 86; ditto
1858, at 671 68 ; ditto £lOO Bonds, at 691; the
New Loan Scrip remains at 4 dis., and the Cat-
olides, 371 ; Mexican are 311 n ; Portuguese,
446 k ; ditto New Scrip, 21 prem.; Sardinian, 831;
Spanish Passive, 211-, d ; ditto Certificates, 10 ; and
Dutch 4 per Cents., 1021.

Business in the Railway Share Market continued
inactive, and the few dealings entered into were
generally at a further slight decline. Great Eastern,
Lancashire and Yorkshire, North Western, and
North Eastern have receded ss. ; and Great
Western and Midlands, 10s.

The Foreign and Colonial lines continue dull
without any material change in values. South
Austrian and Lombardo-Venetian realise 22k;
Bahia and San Francisco, 20 to 201 ; Great Indian
Peninsula, 1041; Cape Town and Dock, 108 ; and
East Indian, 1061.
Joint Stock Bank and Miscellaneous shares re-
main without any change of importance in values.
Ottoman Bank realise 254 26; Union of London,
331 ; Chartered of Australia, 271; Berlin Water-
works, 5!,-; National Discount Company, 71 Z ; and
Van Dieman's Land, 12t. The shares of the Cam-
brian Gold Mining Co. remain firm at I to I prem.

BRITISH FUNDS—CLOSING PRICES. •
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
Ditto (Red Sea Telegraph), Aug. 1908 2ll
India Stock
Ditto 5 per Cent ...
Ditto Enfaced Paper, 4 per Cent 931 3/4
Ditto 5 per Cent . lO4l
Ditto 51 per Cent.
Ditto Debentures, 4 per Cent., Oct., 1863
Ditto ditto Aug. 1864 or 66 101 k 1001
D tto Bonds £l,OOO
Ditto under £l,000
Consols for Account, Oct. 8
March. Jung.
Exchequer Bills £l,OOO, 3 per Ct. .. 20 20 17
Ditto £5OO :
Ditto Small
..21DertoFt:OtityErieIsG6NpeFr FUNDS—CLOSING S—CLOSING PRICES.—
Equador :'gTeerw
Cent. (Deferred 3 per Cent.) 381
p.:ll?o,nsolidated
Egattoi aki7d ~.,ent., Scrip lB
90 89/
Mexicangol.,urt,,Ttk.,.;enritP
~ Ditto Account 4l
i-eruvi
Ditto 41 Nrepwer,Cl.Be;lB2; ... **************** ************************* *** *** —3-14+1
Portuguese 3 per Cent
Ditto Account **** *, 1663.
Ditto Scrip, £l5 pd
Ditto Paid up Scrip. ..........
8.. t..................
;,,,clan 5 per Cent, 1822
Ditto 5 per Cent.,1862, Seri
... 32. ..... . ..... 1
.. i
Ditto, Paid up Scrip ........
Sardinian 5 per Cent.............. .
... . 941 i t
Ditto Account
Spanish 3 per Cent ............ . —
Ditto Passivo., ,• • •
Spanish Cert. of, Coup. not funded ............. 10
Turkish 6 per Cent. 1854
Ditto Account B5l 6 51
Ditto 6 per Gent. 1858 ..
Ditto Account ...................... 671 8
Ditto, £lOO Bonds ............... ... 693/4
Paid 14
Ditto 6 per Cent., 1862 (Scrip), £5O
.
Ditto, Paid up Scrip ............... .. 66 4
Venezuela, per Cent. . , ................ 7-
Wttu Account ...................... 28 * 7 1
D:vidends on the above payable in London.
Dutch 23/4 per Cent., Exchange 12 Guil. ..
Ditto Certificates, 4 per Cent. , . ...... 1021
THB,EE O'CLOCK.
Consols, Money
......
Ditto Account . .