The Sun.
London, England, 1862-09-18 00:00:00

CITY NE WS-YESTERDAY.

Mr. George Virtue, senior, the well known pub-
lisher, was yesterday elected a director of the
United Kingdom Electric Telegraph Company
(limited).
A further sum of 50,000 sovereigns was with-
drawn from the Bank today for transmission to
Portugal.
A telegram from Frankfort to-day states that the
Government of the Duchy of Nassau have con-
tracted for a loan of 7,000,000 florins with the
house of Rothschild.
The suspension has been announced to-day of
Messrs. W. N. Lynch and Co., West India mer-
chants. Their trade was chiefly with the island of
St. Vincent, and the amount of their liabilities is
811Pp(,sed to be about £20,000. The books have been
placed in the hands of Messrs. Lovering. and Min-
ton, accountants.

The later advices from New York to-day, con-
firming the news given yesterday of the Confede-
rates having crossed the Potomac, mentions that on
the Bth inst. "stocks were firm and advancing,"
thus showing either that there had been a rally from
a heavy previous fall, or that the complete charac-
ter of the Federal defeats had inspired the New
York operators with a hope that peace might soon
be dictated. The statement that the Government
have decided not to deduct the American income-
tax from United States securities payable in Lon-
don is very satisfactory, since they thus conform to
established usage, and it is understood that, in con-
sequence of this notification, the Illinois Central
and other railway companies have rescinded, as
regards their sterling bonds, previous notices which
they had given of a contrary character. The Atlantic
and Great Western Company, it is stated, f.om the
first never contemplated making any such deduc-
tion.

CITY NEWS-THIS DAY.

CITY, TWELVE O'CLOCK.

An active demand for money is reported this
morning, and some of the banks and discount houses
are charging 2 per cent. for the best bills, while
others still negotiate business at 17:- per cent.
The Tagus has conveyed 28,000, and the Tartar
50,900, sovereigns for Portugal. These amounts
are, no doubt, on account of the loan recently con-
tracted here.

An extraordinary meeting of the Malta and
Mediterranean Gas Company has been called for the
purpose of confirming resolutions passed at the last
meeting.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1862. 1861.
Great Western £67,092 £59,491
Great Northern
Great Eastern
North-Western
South- Western
South-Eastern 29,279 25,138
Brighton
Midland
Lancashire and Yorkshire 36,667 40,069
Bristol and Exeter
North Eastern
Manchester, Sheffield, and Lincoln 14,995 15,511
Edinburgh and Glasgow
Northern of France 60,907 53,109
Great Western of Canada

These returns are generally of a very satisfactory
character. On the Great Western there is an ad-
vance of £7,601; Great Northern of £3,707; the
Great Eastern of £412; the North Western of
£5,524; South Westerns of £4,982; South East-
erns of £4,191 ; Brightons of £3,513 ; Midlands of
£2,691; North Easterns of £554 ; Northern of
France of £2,798 ; and Great Western of Canada
of £793. The Lancashire and Yorkshire, how-
ever, shows a decrease of £3,402 ; and the Manches-
ter, Sheffield, and Lincoln of £516.
The traffic returns of the Ottoman Railway for
the week ending the 7th inst. amounted to £486 on
40 miles, against £l7B last year, when, however,
only 27 miles were open.

Two o'CLocK.

A very small amount of business has been nego-
tiated to-day in the market for the English Funds,
which remains steady at previous quotations, Con-
sols being 93 1 for money, and 931 2. for the Bth
pros, The general appearance of affairs in this
department of business is still without the slightest
feature of novelty. The New Threes and Reduced
remain at 91Z- 92 ; Exchequer Bills, June, at 20s. to
235. prem.; and ditto March, at 20s. prem. ; India
6 per Cents. have receded to 1081 1091 ; ditto 5
per Cent. Enfaced Paper is 1041 1051; and ditto
4 per Cents., 1111112.
One of the principal movements in the Foreign
Market to-day has been a rise in Mexican bonds to
33:3-, 34, but they have since become a little flatter,
the latest quotations being 331 I. Turkish 6 per
Cents. are 851 ; those of 1858, 66.1 674; and the
New Loan is 3 to 21 dis. The Portuguese Loan
has been malt in at 28 ;I prem. Egyptian are
Marked 90,i, and the Scrip of the second issue, 61
prem. ; Turkish Consolides are a little less buoyant,
being 381. A further decided improvement has
taken place in Spanish Passive to 201 ; and the
Certificates are firm at 101.

In the Railway Share Market the dealings have
been rather limited ; prices, however, are, in some
instances, a shade firmer. Great Westerns, Lanca-
shire and Yorkshire, and Manchester, Sheffield, and
Lincoln have improved 55., and London and Black-
Vali .£l. ; South-Westerns and North-Eastern
(Berwick), however, have receded ss. ; Midlands,
Great Easterns, and South-Easterns realise about
previous prices.

The Foreign and Colonial undertakings show
little change in values. Great Luxemburg realise
141 _a ; Antwerp and Rotterdam, 78 ; Paris and
Lyons have improved to 47; and South Austrian
and Lombardo-Venetian declined to 21-; ; Great
Western of Canada receded to 121 a ; and East
Indian improved to 106.
For Joint-stock Bank and Miscellaneous Shares
there was a moderate inquiry. London Joint Stock
advanced to 34 ; Oriental Bank to 541 ; and Penin-
sular and Oriental Steam remained firm at 73.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities 94 2
New 27 per Cent. Annuities 77t
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 l5 1-16
India Stock
Ditto 5 per Cent.
htto Enfaced Paper, 4 per Cent —
Ditto 5 per Cent ...
Ditto 51 per Cent.
Ditto Debentures, 4 per Cent., Oct., 1863
Ditto dto Ail, 1864 100
letlia Stock for Accouitnt, 5 per Cent
Ma rch . June.
Exchequer Bills £l,OOO, 3 per Ct. .. 23 20 J
Ditto .£5OO
Ditto Small

FOREIGN FUNDS—ONE O'CLOCK.
quador New Consolidated
Egyptian, 7 per Cent., Scrip
Ditto, Second Issue, £lO pd
Mexican, 3 per Cent
Ditto Account
Moorish Portuguese
3 Imperial 5, per Cent .. 9_3i
per Cent 1853
Ditto Account
** . " .
Ditto Scrip, 415 d * Izt.3ppeetrcCeennttp **** ******
2:1
• •
Ditto Paid-up—S
cri Spanish 3 per Cent.............
Ditto Account
Ditto Passive.,
. .
Spanish Cert. of Coin :landed
Turkish 6 per Cent. 185 TE
Ditto Account
Ditto, £lOO Bonds
I)itto 6 per Cent., 1862 (Sciip.) . . paid 29
.Ditto, Paid up Scrip .......... paid. 2/ 321
Ditto Guaranteed, 4 per Cent.
103/
Venezuela, 3 per Cent ............
Hitt° Account
Dlvidends on the above Payable in London.
Italian, 5 per Cent., 1861, Ex. 25f.
Ditto Acunt
TWO O'CLOCK.
93a I
Consols, Money
Ditto Account .. 931 1

Coal has been discovered in New Zealand, and
partl2'eeinaerls Which we have examined at different times we
found to be of good quality. Tn the New Zealand de-
tde-
ment blocks from the Opaheke mines are exhibited by
trhe Waihoihoi Coal Company. Under No. 20, gas coal
im°tlll the Great Pakawau Mine, Nelson, will be found. It
t"
ts...° be. hoped that these outlandish names will not inspire
cl alto the mines of our
great Northumbrian colliers,