The Sun.
London, England, 1862-06-05 00:00:00

MONEY M ARKET.

CITY, TWELVE O'CLOCK.

The monthly liquidation of commercial engage-
ments has passed off without the sightest feature of
interest. The bills maturing were very moderate
owing to the continued inactivity of trade, and the
mercantile community had no difficulty in provid-
ing for all their requirements. The Money Market
has retained its quiet and easy appearance, and
although gold continues to be withdrawn from the
Bank of England for exportation, no further imme-
diate change is anticipated.
There was a further withdrawal of 200,000 sove-
reigns from the Bank of England yesterday on
account of the Turkish loan, and other supplies for
the same purpose will no doubt be sent away in the
course of a few weeks, while the efflux is likely to
be stimulated by remittances to Russia. In the
meantime, however, large imports of the precious
metals are announced, and it is satisfactory to know
that about three quarters of a million sterling are
coming forward from the ant:podes.
The monthly biddings for bills on India took
place at the Bank, of England yesterday. The
minimum price declared was ls. lltd. per rupee
for bills on Calcutta, and 2s. on Bombay and Madras
being the same as before.

In the Liverpool Cotton Market yesterday busi-
ness continued active, and prices were again slightly
higher. The sales were estimated at 10,000 bales.
The last week's railway receipts, ascertained up
to this day, are in round figures t%s under :

1862. 1861.
Great Western
North-Western
South-Western
II ri ghton
Midland
-,outh-Eastern
Great Northern
Lancashire and Yorkshire..
Bristol and Exeter
North-astern
Eastern Counties
Manchester, Sheffield, and Lincolnshire 13,371 14,409
Edinburgh and Glasgow
Grand Trunk of Canada
Great Western of Canada
These returns, compared with those of the same
period of last year, are in some instances more satis-
factory. On the Great Western there is an increase
of £2,026, on the North Western of £1,276, on the
Midland of £3,833, on the Great Northern of
£1,209, on the Grand Trunk of Canada of £1,414,
and on the Great Western of Canada of £1,103.
The South Western, however, shows a decrease of
£5,539, the Brighton of £10,017; owing to the late
period this' year of the Derby-day on the South
Eastern there is a decrease of £624, on the Lanca-
shire and Yorkshire of £7,376, on the North Eastern
of £4,563, and on the Eastern Counties of £997.
With regard to the leather trade the following
remarks are from Messrs. Page and Welch's
monthly circular :—" The demand for leather has
been rather more active during May than for some
time past, and a fair amount of business has been
done. Prices keep remarkably steady, and buyers
seem to operate more freely, evidently considering
that the values of leather have for the present
reached their lowest point, and that a good harvest
or restored activity in the manufacturing districts
would probably cause an advance. Large sales
have been lately made of South American hides,
chiefly Rio Grande, of last season's import, at 6d
per lb. for heavy ox. Buenos Ayres and Monte
Video hides have also been sold at reduced prices,
though some tanners still hold the conviction that
rates will yet be lower. By the mail just arrived
from Buenos Ayres and Monte Video, the ship-
ment of hides for England and the Continent was
progressing satisfactorily, and there is little doubt
there will be ample supplies from the South Ame-
rican ports this season at moderate prices."

CITY NEWS---THIS DAY.

Two O'CLocK.