The Sun.
London, England, 1862-10-15 00:00:00

MONEY MARKET.

CITY NE W S-YE STERD AY.

Messrs. BAri,..2g Brothers and Co. have received
by this mail, by which, bowevior, it is unusual to
transmit, £320 Ss. on account of New Granada divi-

deride.

An auction of the foreign redeemable debt of
Spain will take place at Madrid on the 31st instant.
The sum assigned by the Government is 7,386,472
reals.

About L 77,000 in bar gold was sent into the
Bank to-day.
The Lord Raglan has arrived from Melbourne
with £185,000 in gold.
The cotton market was very flat to-day, and the
sales were only 1,000 bales.
The rate on Paris was a trifle higher, but gene-
rally the foreign exchanges were without material
alteration to-day.
No official news relating to the contract for the
Venezuelan Loan has transpired. It is, however,
known. that Mr. Mocatta has drawn for a large
amount on Messrs. Baring Brothers and Co. ; and
the general inference is that the contract may be
regarded. as ratified. It is also rumoured that the
c”stoms duties are likely to pr sufficient to pay
3 per co nt. at once on the old stock.
The •prospectus of the Standard Bank of British
South Africa (Limited) makes its appearance under
very satisfactory auspices, the directors personally
represemting the interests of the Cape, together
with other connections which cannot fail to be of
great service to the undertaking. The capital is
to be £1,000,000, in 10,000 shares of £lOO each,
with power to increase to £2,000,000, the first
issue being limited to 5,009 shares. The Cape of
Good Hope no doubt presents a very fine field for
bankir ig operations, and the success that bas at-
tended the London and South African Bank shows
that v cell-organised establishments will attract an
impor tent business and be appreciated. It is also
a satisfactory feature that the preliminary ex-
penses will be confined to the actual outlay in-
curred,. The rates of discount on first-class bills
in the colonies range from 8 to 12 per cent., and
money is employed safely at this high figure.
The dividends paid by the present local banks
variedL last year from 12 to 22 per cent. per
ennui n. The head office of the bank will be in
Londe )n.

CITY NEWS--THIS DAY.

CITY, TWELVE O'CLOCK.

Owing to the release of the October dividends
the dis count market presents a rather easier ap-
pearance, the average charge for negotiating first-
class securities being li per cent., while exceptional
transactions are reported at even a fraction below
that quotation.

An extraordinary meeting of the Universal
Metrine Insurance Company has been called for the
233 just, for the purpose of considering several
special resolutions.

Two o'CLocK.
'The Liverpool cotton market to-day was a little
firmer ; sales about 3,000 bales.
At Paris this morning, Three per Cent. Rentes
opened at 70f. 75c,, being sc. lower than yesterday.
The trafEc receipts of the South Austrian and
Lombardo- Venetian Railway for the week ending
the 7th inst.. ~ amounted to £53,523, being a decrease
of £4,129 cc ,mpared with the same period in 1861.
A rather heavy feeling has pervaded the market
for En glis'n securities to-day, and very little business
has been n .egotiated. Consols for transfer are 93a t,
and for ti ►e 6th proximo 934 14. Tho New Threes
and the Reduced have receded to 911, 92 ; Exche-
quer BO is, March, are steady at 18s. to 21s. prem. ;
Bank St ,ock is at 237, and India 5 per Cent. Loan,
1091.

Bus in ess in the Foreign Market has been rather
quiet, "but no important change has occurred in
prices.. Turkish 6 per Cents., 1854, are 82 83;
ditto, 1858, 684 691 ; ditto New Scrip,l d prem. ;
and ti) e Consolides, 384 ; Mexican are steady at
33a Egyptian, 891 ; ditto 2d issue, 881;
Italiar I are heavy at 77-1 4 ; ditto Railway Loan at
73; S panish Certificates, 9;-1 ; and Venezuelan, 291;.
In the Railway Share Market the dealings have
been very limited, and prices have remained with-
out any material variation. Caledonian have how-
ever improved about ss. ; South Eastern, 55., and
Zouth Western, 10s. Bristol and Exeter, North
'Western, and Midland, however, have receded
about sfs.

The Foreign and Colonial lines remained without
any material alteration. Bahia and San Francisco
.ealised 192 ex div. ; Dutch Rhenish, 17Z- 4 ; Great
ndian Peninsula, 1041 ; Madras 5 per Cents., 103 i,
a nd Scinde and Delhi Stock, 1022 103.
Joint-Stock Bank and Miscellaneous Shares are
it i several instances at slightly enhanced prices.
B, ink of Egypt have improved to 24! ; London and
Bi •azilittn to 17 ; Metropolitan and Provincial to
131, 131 ; Canada Land to 99 ; and Australian
Ag,ricu) tural to 231 ; London and Colonial Bank
are mai .ked Ito 1 prem.

BRI TISH FUNDS—CLOSING PRICES.
Bank Stocl K ..• •
3 per Cent . Reduced Annuities
3 per Cent . Consols Annuities
New 3 pet • Cent. Annuities 01/ 2 1.1
India Stc .ck
Ditto per Cent.
Ditto 'r refaced Paper, 4 per Cent 94}
Ditto 5 er Cent.
Ditto 5. per Cent.
Ditto Debentures, 4 per Cent., Oct., 1863
...s Ditto ditto Aug. 1861 or 66 101 4
-1-)!tt• 1 Bonds £1,900
Ditt•o under £l,OOO
Como is for Account, Nov. 6 . 3l
931
Jun. I March.
Eachequer Bills £l,OOO, 3 per Ct. .. --
Ditto L3OO
Di' :to Small

21 18

FOREIGN FUNDS—CLOSING PRICES.
Brazilian. 5 per Cent.
Ditto, 1839 and 1859 ,.
Milian 6 per Cent. IIOII 1 2
Egyptian, 7 per Cent., Scrip B9
1
Ditto, Paid up Scrip BB Italian 5 per Cent. (Harem a Railway) 31 1
Mexican,. 3 per Cent . man 7
Ditto Account .. *************
New Grenada, 2 per Cent ": " *** 331 I I
Ditto ex over-due Coups. and * iie.c.t.aiee —lOl 1
Peruvian 41 per Cent *** . *.. ...... ,
Ditto C Scrip, paid in full
Portuguese 3 pev Cent., 1863.
Ditto Scrip, £l5 pd • ... 2; /
Ditto Paid-up Scrip ...... . ... 461
Ho Rian 5 per Cent 1822 £ St
Ditto 5 per Cent.,1862, Scrip, £3218s pd ll
Ditto Paid up Scrip
Spanish 3 Ter Cent —
Ditto New Deferred
Ditto Passive. ,
Spanish Cert. of Coup. not funded' 9l
Turkish 6 per Cent. 1854
Dittd Account .. ...
Ditto 6 /2,er Cent. 1858 ..
Ditto Account
Ditto. 6 per Cent., 1862 (Scrip), £5O paid 1 if
3/4 /
Ditto 4, Paid up Scrip 6B 8
Vane= tela, per Cent. —
Ditt o Account
Dividends on the above payable in London.
ltalia.n, 5 per Cent., 1861, Ex. 25f. •• 721
DAtto Account
THREE O'CLOCK.
Cons. As, Honey
933/4 1
Ditto Account .....