The Sun.
London, England, 1862-10-13 00:00:00

0 N E A RK ET.

CITY NEWS-THIS DA./.

CITY, TWELVE O'CLOCK.
The payment of the October dividends thus far
has not produced much apparent effect upon the
general money market, which continues firm and
moderately active. There does not appear to be
any material increase in the transactions of the
trading classes, who for the most part regulate
their proceedings by the immediate demands of the
home, foreign, and colonial markets, but discounters,
influenced probably by the continuous decline in
the Bank's bullion, seem less inclined to negociate
business at the current rates, and some of
the country bankers who, a short time
ago, forwarded their surplus supplies for tem-
porary emyloyment in the London market, are now
r'ealling them to meet present wants or to provide
for an expected auy;mentation in the requirements
of their customers. Although the tendency, how-
ever, has latterly been in the direction of greater
firmness, the alteration is more perceptible in the
tone of the market than in the movement of quota-
tions, which continue to range as low as 18 per
cent., although 2 per cent. is the average charge for
first-class three months' bills.

The arrival of upwards of half a million sterling
has been announced this morning, viz., £46,980 by
the Arabia from Now York, £153,948 by the Atrato
from the West Indies, and £312,764 by the Kent
from Australia.

The accounts from the manufacturing districts,
during the past week, were of a less satisfactory
character. At Manchester the operations in both
cloths and yarns were very limited, but full rates
were current. The woollen trade of Leeds, Brad-
ford, and Huddersfield continue steady, but rather
more activity has prevailed at Nottingham and
Leicester in several branches of the hosiery and lace
trades, In the hardware districts, viz., at Bir-
mingham, Sheffield, and Wolverhampton there has
been little change of importance to record.

Two O'CLOCK.
The Liverpool cotton market to-day is withoat
change ; sales about 4,000 bales.
At Paris this morning Three per Cent. Rentes

opened at 71. 85c., showing no change.
The market for English Securities has presented
a rather dull and heavy appearance, although no
change worthy of notice has occurred. Specula-
tion in this department is still very much re-
stricted, while bona fide investments are also
limited. Consols are 93: : for money, and 93i 94
for the 6th proximo. The New Three per Cents.
have receded to 92k, ; the Reduced to 92; Exche-
quer Bills, June, are 20s. prem. ; and ditto, March,
18s. to 21s. prem., showing no change. Bank
Stock has receded to 236 k ; India ditto to 228; and
the 5 per Cent. Loan is steady at 108: 109 k.
Business in the Foreign Market has been rather
quiet, and prices have shown no important varia-
tion. Turkish 6 per Cents., 1854, are 82 83, ex
di‘. ; ditto 1858, at 681 69 ; ditto, New Loan
673 68; and the Consolides, after rising to
30t, have since receded to 381 a ; Mexican
are flat at 33: ; Egyptian, 881; Peruvian
New Scrip, 1: dis. ; Portuguese 2k prem. ; Rus-
sian ditto, 11 : prem. ; Spanish Passive 22: ,1; and
ditto, Certificates 91 10; Italian remain at 73 4 a;
and Venezuelan are 291.
In the Railway Share Market the dealings have
not been very extensive. Prices, however, remain
without material variation. Caledonians, Mid-
lands, and North Eastern (York), have declined
about 55.; and South Easterns, 10s. ; Great Nor-
thern A Stock declined 10s.; and Brighton and
North Westerns, ss.

In the Foreign and Colonial undertakings there
has been very little change. Bahia and San Fran-
cisco realise 20 ; Recife and San Francisco, 181 ;
Cape Town and Dock have improved to 1051 4 ; and
East Indian remain firm at 1068.
Joint Stock Bank and Miscellaneous Shares
are, in one or two instances, a shade firmer. Al-
liance of London and Liverpool realise 181 ; Lon-
don and South African, 221 d ; Metropolitan and
Provincial, 111 12; and Electric Telegraph, 102.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 92 1
3 per Ceht. Consols Annuities
New 3 per Cent. Annuities 92/ 2
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto (Red Sea Telegraph), Aug. 1908 22
India Stock
Ditto 5 per Cent lo9k 81 9$ 8$
Ditto Enfaced Paper, 4 per Cent —
Ditto 5 per Cent 1054 5
Ditto Debentures, 4 per Cent., Oct., 1863 100$
Btu() Bonds £l,OOO
Consols for Account, Nov. 6 93s
June. March.
Exchequer Bills £l,OOO, 3 per Ct... 20 18
Ditto £5OO
Ditto Small .. 2l
FOREIGN FUNDS—CLOSING PRICES.
Brazilian, 5 per Cent.
Ditto 43 per Cent., 1852-58-60
Equador New Consolidated
Egyptian, 7 per Cent., Scrip BBl 91
Ditto, Second Iseue, £4O pd
Ditto Paid-up Scrip
Italian 5 per Cent. (Maremmana Railway) 731
Mexican, 3 per Cent
.New Grenada, 2 per Cent ..
Ditto ex over-due Coups. and Hectares 10$ 4
l'eruvian 41 per Cent .
Ditto 4i New, 1862, A Scrip, £33 paid.. 11
Portuguese 3 per Cent., 1853 47
Ditto Scrip, £l5 pd
,
Ditto, Paid up Scrip 46s
Rto4Rian 6 per Cent 1822 £ St —
Ditto 41 per Cent 92i
Ditto 6 per Cent., 1862, Scrip, £32185 pd ll 1
Ditto Paid up Scrip....
Spanish 3 per Cent —
Ditto New Deferred 46s
$
6
Ditto Passive..
Spanish Cert. of Coup. not funded
Turkish 6 per Cent. 1854
Ditto 6 per Cent. 1858 6Bl 9 8$
Ditto 6 per Cent , 1862 (Scrip), £5O paid $
Ditto, Paid up Scrip 67s 1 81
Venezuela, per Cent.
Mvidends on the above payable in London.
Italian, 5 per Cent., 1861, Ex. 25f.
Ditto Account
Peruvian Dollar Bonds, 4$ per Ct. Ex. 4s 731

Console, Money
Ditto Account

TELEGRAPH ROUND THE WORLD.—The Pacific
_Telegraph Company have erected their wires between the
Missouri and the Sierra Nevada, a distance of 1,600 miles,
and thus completed the telegraphic communication between
the Atlantic and Pacific in four months and seventeen
days. The company have entered into an agreement with
the Emperor of Russia, by which, conjointly, they will
construct a continuous line through British and Russian
America, across Behring Straits, and through Asiatic and
European Russia, so as to connect Petersburg and Wash-
ington. This line will be 14,000 miles in length. Russia
has already completed 3,500 miles, and collected materials
for extending the wires from Siberia to the mouth of the
Amcor, the Mississippi of Asiatic Russia.
The population of Michigan has grown in 20
years from 212,000 to 751,000; the value of real estate from
38,000,000 to 263,000,000 dollars; the wheat and other
grain grown from 7,000,000 to 25,000,000 bushels; the
Wool produced from 163,000 to 4,000,000 pounds ; the num-
ofsheep
and cattle reared from 300,000 to 1,700,000;
and the quantity of hay grown from 130,000 tons to 761,000
tons,
MR. GLADSTONE'S SEC
enabled to state {says
list of Saturday) ESSION SPEECH.—We are
the Mancheeter Commercial Daily
oft in the highest political circles there
is no anticipation
Southern Confederacy
by
immediate recognition of the
recently again be e livery
lr
y this country. The subject has
seriouslyi discussed by the French
Cabinet, but it is
partmfprobable that they would take
separate action and de
has hitherto existed betweenromth the
understanding which
may
thee respective governments.
whirefore only be regarded as
Mr. Gladstone's remarks
South
shares in common
an expression of the opinion
must now be re-
trytentehous to infer that
with the general public, that Koch
garded as a nation, but it would be etr
Raiz been decided on.
rimda Arch-
any official recognition of that factil,laiso
University,
DEATH OF ARCHDEACON
holding «a
at
'deacon of Durham and Warden of DurhEa
,gyi‘the
Charles Thorpe, D.D., died at ft ton on
the advanced age of 79. Dr. Thorpe, besidaensy
rears
golden stall" in Durham Cathedral for m
Other ecclesiastical appointments, was rector of Rytour_a
living worth £956 a year.
._ The New York quotations of gold and silver on
'he 2tl inst., just received by the Arabia, appear contradic-
i
t:l°l7. Thty announce a decline of 1/ per cent. in the pre-
thal.2l on gold----namely, from 23} to 22/, and a rise of more
1321
4_3 per _ cent, in the rate of exchange—namely, from
eia:. I' 134 As the premium on gold and the rate of ex-
di,, "ge usually move in almost exact accordance, such a
'erePancy as this would show that the temptation for_ ire-
zeitters to send gold to Europe, instead of bills, had n-
teas d 41
e 4 Per cent,
lieu that there la
st eteamer • as compared with the quotations by the
vSeZpoo-fsalupegetiehii
a difference so wide as to lead to the a-eumP•
n yo must
tbet o e
ihhpaieete been
ba e
be
yn
the ah mistakeecn
eseuspoamicnke thee ts r. figs
e a
ni real
.