The Sun.
London, England, 1862-05-14 00:00:00

MONEY MARKET.

CITY, TWELVE O'CLOCK.

The Money Market is gradually assuming a
firmer appearance, but it chiefly arises from a
feeling of greater reserve among the banks and
discount houses. The exports of specie Ni bich
have already taken place, and the prospect of the
amount being continued until the loans lately
negotiated for Turkey, Egypt, and Russia, are
transmitted, encourage the opinion that the value
of accommodation will increase, especially as it
may be influenced by other causes, and the con-
sequence is that full rates are enforeed for the
negotiation of mercantile securities. In many
quarters business at the current rates is refused,
because it is thought that higher terms will be
attainable before many days have elapsed.
While, however, there is reason to believe
that an upward movement will be experi-
enced, no immediate ground exists for the pre-
sumption that anything like pressure or strin-
gency is likely to be encountered.
Continued dulness prevailed in the Liverpool
Cotton Market yesterday ; but prices were steadily
maintained. The sales were about 3,000 bales.

The quarterly sales of East Indian indigo com-
menced yesterday. There was very little compe-
tition, purchasers showing great reserve, and prices
were 2d. to 10d. per lb. lower compared with the
rates realised in February ; 1,461 chests passed, of
which 568 were sold, 620 bought in, and 273 with-
drawn. _ .

The Seine, from the West Indies, has brought
£140,800 in specie.
The bullion operations at the Bank of England
yesterday were of an unimportant character.
The Foreign Exchanges yesterday afternoon ex-
hibited a slight advance in the rates on Paris and
Hamburg.
Gold is now about 4-10ths per cent. dearer in
London than in Paris, and about 3-10ths per cent.
higher here than in Hamburg.
A call of £1 per share becomes due to-morrow
on the London and Blackwall Railway, new shares.
A payment of 10 per cent. has to be made to-
morrow on the New Ottoman Loan.
The share list of the Laguna Mining Company
Will close to-morrow at 12 o'clock. Business is
reported in the shares at prem.

CITY NEWS---TH IS DAN .
Two O'CLOCK.

A very unfavourable movement has taken place
to-day in the market for English Securities, owing
to extensive sales based upon the upward tendency
of the rates of discount, and the expectation that
money will gradually become dearer. The effect
of the transactions entered into this morning has
been a decline of about per cent, Consols
having receded to 931 1 for transfer, and 911 92,
less the dividend, for the account. The New Threes
and the Reduced are 911 ; India Stock is 227*
and 229, and ditto 5 per Cent. is steady at 1081
1091-; and Exchequer Bills have receded to 14s.
and 163. prem.
Foreign Securities are also very depressed.
Turkish 6 per Cents. have receded to 801 ; ditto,
1858, to 7,91 ; ditto New Scrip, to 21- prem.; Egyptian
to 11 21 p rem. ; Mexican, to 31t 32 ; Spanish, to
M; ditto Certificates, to 81
Brazi 1,-. Port ugue
100 i and
se are
451 ; Dutch remain at 64/ ; lian, ;
Italian, 711, The Russian Loan is /T, prem.
Ia the Railway Share Market the dealings are
extremely limited, the preparations for the liquida-
tion of the account occupying the chief attention of
the dealers and speculators, and prices have exhi-
bited rather less firmness. Great Westerns, Lan-
cashire and Yorkshire, North Eastern (Bervvick),
and South Easterns have declined ss. Caledonians
and Eastern Counties improved ss.
The Foreign lines remain very inactive. Great
Luxembvrg realise 151; Dutch-Rhenish, 17
;
Bahia and San Francisco, 171 ; Grand Trunk of
Canada have receded to 231 241 ; Madras 5 per
Cents. improved to 1011 102 ; East Indian realise
1031 104 ; and Great Indian Peninsula, 1021.
Joint Stock Batik Shares show no change of
importance. London Joint Stock realise
of London Lon-
don tu.'d South African JOl ; Bank 77
Ottoman Bank have improved to 251 ; and Oriental
Bank to 51/.
The Allitince Bank Sharon aro 51 pram. ; Tm.
perial I -7-, prem. ; Northern Counties 11 2 prem.;
British Columbian -1 St prem.; and Brazilian 2/ 1-

preen.
In the Miscellaneous Market prices were almost
nominal. South Australian
Janeiro Improvement,
, however, were
steady at 321 33 ; io de
fully paid, brought 26i ; and Electric Telegraph
decined to 100.

• ----_
BRITISH FUNDS—ONE O'CLOCK.
3 per Ce nt. Reduced Annuities .......... 91i 1
3 per Cent. Consols Annuities .......... 93i $ it
New 3 per. Cent. Annuities .... . ......... 911 i i
India 6 toe k .......................... 227 i 9
Ditto 5 per Cent lc9h 81
Ditto Eni'aced Paper, 4 per Cent
I
Ditto 5 pt'r Cent.... 1031
Ditto Debentures, 4 per Cent., Oct., 1863 100
Consols for Account, June 10
Exchoquer Bills £I,OFUNDS —OO, 3 per Cent l5 14
FORZION ONE O'CLOCK.
Brazilian 5 per Cont.
Ditto A per Cen,t., C 1852-58-60
Buenos Ayres 6 per ent
Ditto 1 per Cent. (Deferred 3 per Cent.) 354
Egyptian, 7 per Cen t
er Cent. (I'.laremmana Railway)
Italian 5 p
Ditto Scrip ...... .
Mexican, 3 per Cent
Ditto Account . - li
Portuguese 3 per ,(:;:ent., 1853 ......
Ditto 3 per Cent., 1856, '7, '9, and '6O 4si /
Spanish 3 per Cent~
Ditto New Deferreul "
Spanish Cert. of Coup. not funded
Turkish 6 per Cent. 18i,14 .............. SO4
Ditto 6 per Cent • 1858., 2i
.
Ditto 1862 (Scrip) .... ............
Dividends on the above payable in London.
Dutch 21 per Cent., Exchango 12 Guil. .. 64/
Italian 5 per Cent., 1861, ex 2Cif.
TWO O'CLOCK.
Consols, Money .. •
Ditto Account

'COURSE OF EXCHANCI.E.—V-BITEEDIT.
Amsterdam ... Short. 11 la 11 16f
Ditto
'—Rotterdam ll 181 11 18t
Antwerp '-25 471 25 55
Brussels '"2s 471 25 55
Hamburgh — 381 13 9
2
Paris
Ditto
Marseilles
Frankfort on Maine —119 e 1191
Vienna
Trieste
Pnaburgh
Berlin
ete
Madrid: —
Ish O
Cadiz
—48 i
Milan .
Leghorn 1
25 57i 25 621
Genoa
Naples -
Palermo — 119 1191
Messina ...... ;
Lisbon .............. 521 52/
Oporto .............. 521 52
Foreign Gold in Bars (Standard), per oz £3 17 9
Mexiean Dollars ..... . 0 0 0
0 0 0
Silver in Bars (Standard)
South American Doubloons 0 0 0
----

7HE FRENCH MINISTERS VISIT TO 1
_RICHMOND.

The Opinione ationale offers the following ex-
planation of M. Mercier's late journey to Ri

mond :
" The visit had for its only object the pres.ez
vation of an immense provision of tobacco which
had been purchased on account of the French
Government at Richmond and New Orleans. If
our inforniatio.n is exact, the Government of
Washington hac,l consented, in spite of the block-
ade, to allow thE tobacco which is in store at
Richmond to lea' ye. The authorisation of the
Southern Governm,?nt was, however, at least in-
dispensable, and IV; was to obtain it that M.
Mercier's journey tc% Richmond was undertaken.
We are informed , ,hat he has compl-tely failed
in his mission. Th,l Confederate Government is
said to have declared that, after seeing the com-
mercial advantages offeied in exchange for the
recognition of the Co nfede:ate States rejected by
France and England, the Southern Congress had
formally prohibited t ,he exportation of tobacco
and cotton. The tol )acco question is certainly
worth a journey to Richmond, whatever may be
said by certain journals. It has a real importance,
since the Government caer iv es from it a revenue
of nearly 200,000,000f_