The Sun.
London, England, 1862-10-30 00:00:00

`:EY MARKET.

CITY NEWS, YESTERDAY.
Saturday next, Nov. 1, is the day for the half-
yearly balance at the Bank of England, and, as the
transfer offices will be closed, a holyday will most
likely be kept at the Stock-Exchange.
The amount of gold withdrawn from the Bank
tc-day for exportation was £48,000; making an
ascertained total of £350,000 since the date of the
last return, when the aggregate of coin and bullion
held was £15,912,699.

CITY NEWS---THIS DAY .

CITY, TWELVE O'CLOCK.

The discount market is in a state of suspense,
owing to the general expectation of an advance
in the minimum of the Bank of England.
The West India steamer, La Plata, has been
announced with X 390,500, chiefly silver, and the
Saxonia, from New York, has brought £136,000
in specie.

BY the advices from Peru it appears that £700,000
of the loan negotiated in England had arrived, but
remained deposited in the hands of the consignees,
Congress still declining to accept the loan.
An extraordinary meeting of the Bahia Steam
Navigation Company has been called for the 7th
proximo, to confirm the resolution passed in
August last relative to the proposed addition to the
articles of association.

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

Great Western 1862. 1861,
Great Northern ... L59,459 £55,762
Great Eastern
N orth- Western
South- Western
Brighton
Lancashire and Yorkshire 32,390 30,907
Midland 40,518 40,563
Bristol and Exeter
North- Eastern
South-Eastern 22,789 21,192
Manchester, Sheffield, and Lincoln 14,397 15,734
Edinburgh and Glasgow
Great South and Western of Ireland
These returns are generally of a satisfactory cha-
racter. On the Great Western there is an increase
of £3,707, and the Great Northern of £1,387 ; on
the Great Eastern, of £313 ; on the Nortn Western,
of 12,592 ; on the South Western, of £l,BBl ; on
the Brigh on, of £2,1113 ; on the Lancashire and
Yorkshire, of £1.483; on the North Eastern, of
£1,388; on the South Eastern, of £1,579; and on
the Great Southern and Western of Ireland, of
£403.

Two O'CLOCK.
ADVANCE IN THE BANK MINIMUM.

The recent tendency of monetary affairs prepared
the public for an early change in the condition of
the money market, and the weekly Court of the
Bank Directors, today, was awaited with more
anxiety than on similar occasions for a long time
past. After a brief deliberation the executive have
just announced an advance in the quotation from 2
to 3 per cent., and some commotion has been pro-
duced in monetary circles because it was generally
presumed that the alteration would only amount to
per cent. The pressure for accommodation
yesterday, however, was exceedingly heavy,
resulting, of course, from a natural desire
on the part of trades to obtain all the accom-
modation they could before the alteration occurred,
and an important augmentation in the other secu-
rities, together with a continuous reduction in the
metallic reserve through withdrawals for exporta-
tion, will no doubt be exhibited in the balance-
sheet to appear this afternoon, fully justifying the
directors in the course they have pursued. The
movement may be expected to exercise a beneficial
rather than an adverse influence, for while it can-
not lead to a restriction of commercial enterprise—
the value of money being still exceedingly mode-
rate—will probably check the speculative tendency
recently manifested in the promotion of new joint-
stock schemes, and the extraordinary demand,
coupled with inflation, which has latterly arisen
for certain securities dealt in at the Stock Ex-
change.

Until the decision of the Bank Court became
known, business in the Discount Market was en-
tirely suspended, and in the interval which has
since elapsed very few transactions have taken
place, nor is it likely that the demand will revive
during the next few days, owing to the extent to
which the mercantile classes have: supplied their
immediate requirements.

The joint-stock banks have put up their rate of
interest on deposits to 2 per cent., and the private
discount firms will now allow 2 per cent. for
money at call, and 21 per cent. on seven days'
notice of withdrawal.

The Liverpool cotton market today was flat,
and sales about 1,500 bales.

The Paris Three per Cent. Rentes opened this
morning at 70f. 90c., and subsequently declined
to 70t. 82c., being -fr to i per cent. better than at
the close yesterday.

Very little business took place in the English
Funds this morning, the decision of the Bank Court
being awaited by the speculators who, however, as
soon as it transpired that the minimum had been
advanced to 3 per cent, became purchasers to a small
extent. Their transactions occasioned a little more
firmness in Consols, which improved to 39-Z both
for money and the 6tb pi ca., at which prices they
still continue firm. The December quotation is 931 a.
The New Three per Cents. and the Reduced are
are 911 ; Exchequer Bills, June, are firmer at
21s. prem.; ditto March, 16s. to 19s. prem.; India
5 per Cent. Loan is 109-1- 1, being steady.
The dealings in the Foreign Market have been
limited, but prices are firm. Greek Bonds con-
tinued in favour, and have risen to 13f. Turkish 6
per Cents., 1854, are firm at 83 ; ditto, 1858, 691;
the New. Scrip, f prem. ; and the Consolides are
37
fi• Mexican Stock is 32i 338 ;Spanish Passive,
22i ; and Peruvian Scrip, 1. 18 die.
Business in the Railway Share Market has been
inactive, but prices, in some ances, are a shade
firmer. Great Westernsis Midlands, and South-
Easterns have improved 5s , and Grat Northern 10s
The Foreign and Colonial undertakings. have re-
mined dull,without any material change in values.
Great Luxemburg realise 14a. ; Dutch Rhenish,
171 4 ; East Indian, 1061 a; Great India Penin-
sula, 1041 1051.
Joint-Stock Bank Shares were a shade firmer.
Alliance of London and Liverpool realise 19i 201;
Bank of Alexandria, 70 to 70-Z ; Colonial Bank are
quoted 1 :2,, prem.; Bank of Canada, I dis, to par;
Union of England and France, a 11 prem.
In the Miscellaneous Market there is no change
of importance to record.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
per Cent. Consols Annuities
91
n 3 Per Cent. Reduced Annuities 91i
a a
....A
New 3 per Cent. Annuities
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 153/4 15
Ditto (Red Sea Telegraph), Aug. 1908 214
India Stock
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per Cent
Ditto 5 per Cent.
Dittosl
Ditto
£1 d
00 Rt.; ****** April,.lB 64▪ 1001 Bonds .o **
Consols for Account, Nov.. ......... 33
93i 3/4 i I
Exchequer Bills £l,OOO, 3
Ditto per Ct. .. j2ulnlB Malre6 19
£5OO .......... 21
Ditto Small .................... 21 16 19
16 19
FOREIGN FUNDS—CLOSING PRICES.
Equador New Consolidated ....
Greek
M, xican, 3 per Cent -
i
Ditto Account ...................
New Grenada, 2 per Cent
Ditto ex over-due Coups. and Hectares 103/4 10
Ditto Deferred ....
Ditto Deferred, Ex Hectare 5.......... 13/4
Peruvian 41 per Cent .
li
Ditto 41 New, 1862, A Scrip, £53 paid . .
Portuguese 3 per Cent.. 1853.
Ditto 3 pet Cent., 1862
Ditto Scrip, £l5 pd 2l
a"'"ian 5 per Cent 1822 £ St —
Ditto 41 per Cent
Spanish ;; Per Cent
Ditto Passive..
T:rkish 6 per Cent. 1854
Ditto Account
Ditto 6 per Lent. 185 S . . --
Ditto Account
Ditto Paid-up Scrip
Coals Money TIIREE O'CLOCK.
,
93k
Ditto Account