The Sun.
London, England, 1862-07-12 00:00:00

HONEY MARKET.

CITY NEWS—YESTERDAY.
The directors of the Union Bank of Australia
have resolved to declare a dividend of £1 15s. per
share (equal to 14. per cent. per annum), at the
annual meeting of proprietors on Monday next)_
At the meeting to-day of the East and West
India Dock Company the directors report, recom-
mending a dividend of 3 per cent. for the half-year,
Was agreed to.
The tenth annual meeting of the Peel River
Land and Mineral Company was held to-day,
when a dividend at the rate of 3,1,- per cent. free of
income-tax, was declared.
The Delhi Railway Company have notified that
Payments in full, in anticipation of callE, will be
now received until further notice, and 5 per cent,
interest)* will accrue from the date of payment
thereof into the treasury of the Secretary of State
for India in Council.

The Scinde Railway Company have to-day issued
warrants for the interest payable for the past half-
year on the capital of their several undertakings.
The final instalment of 35 per cent, falls due on
the 16th inst. on the 14-1-usanne and Fribourg Rail-
Way Loan for £300,000 stock.
Of the Egyptian Loan for £2,195,200 stock,
£1,716,400 stock was paid up in full up to yester -
day.

The fortnightly settlement in shares and foreign
stocks will commence on Monday, " Continuation
day," and terminate on Wednesday.
The influx of gold to the Bank continues, in the
absence of any demand for abroad. The amount
purchased by that establishment to-day was
£BO,OOO. The Bavaria, from New York, has
brought £lOB,OOO for England.
Exchequer-bills, in consequence of the reduction
in the rate of discount, experienced a fresh advance
of ls., and closed at 16s. to 19s. premium.

The abundance of money is still increasing, and
the rate for good bills has descended to 21 per cent.
At the Bank of England, however, a fair demand
was experienced to-day under the inducement of
the reduced charge.
In the Stock Exchange to-day the supply of
Money was far in excess of all requirements, and
employment could scarcely be found on government
securities at 1 to 11 per cent.
At Paris the demand for money is very easy, and
the rate of discount in the open market has receded
to 3 per cent., or below the minimum of the Bank
Of Prance. An early reduction in the rate of dis-
eount of that establishment is considered probable.
At Vienna and Turin the quotation is 5 ; Frank-
fort, Berlin, and Brussels, 3 ; Amsterdam, 4 ; and
Ramburg, 41, being easier.
The last price from Paris this evening was 68f.
45c., showing an improvement of nearly an eighth.
About £160,000 in gold was taken to the Bank
to-day.
In foreign exchanges this afternoon the rates upon
Paris and Hamburg were a shade lower than those
of last post. On other places there was no altera-
tion
of importance. •
The return of the Bank of France for the past
month shows a falling off of nearly £1,000,000 in
the stock of specie.
The report of the Liverpool cotton market for
the week shows a reaction, business closing heavily
at a decline of Id. per lb.
The commercial letters from New York, by the
mention an increasing apprehension that the
Government may soon adopt the insane course of
Prohibiting the exportation of specie.
It is reported that the contract entered into be-
tween the Portuguese Government and the Union
Bank of London for the sale of Portuguese stock
I'lB been cancelled. The Government, in making
, Proposed loan in this market, engage not to
:lie any other securities until after August, 1863,
t
e 81111,1 now to be raised beiug solely for railway
rllrPoses.

CITY NEWS---THIS DAY.
CITY, TWELVE O'CLOCK.
quiet demand for money is now reported in the
general discount market, and the rates show no
alteration
of importance.
S ince Monday last the imports of specie have
ara
°noted to about £636,600, and the exports to
4,264,600.
4.ea„1l of £1 per share is due on Monday nest
on Who Manchester, Sheffield, and Lincoln Railway
W £lO shares, and of £2 on the Madras Rail-
-437 I\l°W Shares.

Two o'CLoCK.
There is the Stock Ex-
eillh very little activity in
nge Markets, speculators still restricting their
.raium
e„
-°lael while the investing public, if they
°Perate
at all, prefer other channels for the em-
ployment of their available balances. Console,
:gever, have improved to 921 --: for money, and to
dcl i for account. The New Threes and theße-
oced are firmer, at 923 6 ; Exchequer Bills at 16s.
andPrem. ; Bank Stock has improved to 236,
It
nu India Five per Cent. Loan to 1081.
The dealings in the Foreign market have been
very moderate, and the alterations in prices hBa4v:
notB been important. Turkish 6 per Cents. are 21
13° ; ditto, 1858, 71 1 ; Mexican Stock is flat at 284 ,
Cents. are steady at 70' ;
nelles Ayres 6 per Cents, 92 ex div. ; Italian 5
per
Egyptian Scrip, 6.1 i
Prem. ; Spanish 3 53 • and ditto Cer-
tificates, 10. per Cents., 34 f
bZilae dealings in the Railway Share Market have
mdederat 1
crea --e3' active and.prices have shown in-
have
se btioy n
"Y. Caledonians and North Westerns
y improved 55., and Midlands, Lancashire and
Greatorkshire, and North Eastern (Berwick), 10s. ;
T Westerns, however, have declined ss.
The Foreign and Colonial undertakings have
sslightly given way. Great Luxembourg to 141 I ;
outh Austrian and Lombardo-Venetian to 22 ; East
Indian to 103 i ; Great Indian Peninsula to 10.1:7 ;
and Madras 5 per Cents to 11,01 101.
Joint-Stock -Bank and Miscellaneous Shares
continue in moderate favour. Alliance of London
and Liverpool, however, have improved 10s. to 15s.
Imperial Bank, lOs• , •
Electric Telegraph, 10s. ; and
Van Dieman's Land shares declined 10s. to 15s.

~..
BRITISH FUNDS—CLOSING PRICES.
3 Bank Stock
per Cent. Reduced Annuities ........
;-, Crp Cent. Consols Annuities .. ..
........ 92±
1
92 i
New 3 per Cent. Annuitie5...........
... 928 i a
India mock ..........................
Ditto 5 per Cent .
108 i 7t gi
Ditto Enfaced Paper, 4 per Cent
---
Ditto 5 per Cent
Ditto 5± per Cent.
Duro Bonds £lOO
Consols for Account, Aug. 7
India Stock for Account, . per Cent .. •
xchequer Bills £l,OOO, 3 per Cent l6 19
...,razilian,
1) FOREIGN FUNDS—CLOSING PRICES
5 per Cent.
90±
Ditto 4i per Cent., 1852-58-60
Ditto
iLgyptian, 7
3311e40e Ayres 6 per Cent ..............92
, .Account
Cent. S rip -
Ditto Acd
Ditto Paider c ..
per Cent
Iviexi„',al/I),Scrip —
. 231
... 4
Portugnes e°3lUat
1)44) Accounte-44k
Ditto
Cent., 1853. ...........
Ruutan36Per Cent., 1856, '7, '9, and '60.. 441
Ditto 41 Per Cent 1822
£
St..
Spanigh per Cent. B9l
Ditto Ai er Cent .........
I: ' Ditto Nerin, t ... ............
531
Ditto Paw,iv-",eferred ........
Spanish Cert. of 19k
..........
19k
Turkish 6 per couteuP• not funded
Ditto 6 per Gent,' 1854
..........
Ditto Account . 8 -
Ditto, Paid up se.,:b~'
D:vidends eirii;' • ..•
Dutch 21 per Cent., ~,,.ehaveve payable in London.
Italian, 5 per Cent., 1861,411ga 12 Gull.
EL 25f. ..
Consols
, Money ........ •
Two O'CLOCK.
Ditto Account
92a 1.
It is with regret that on
between the authorities and good e bears of difficulties
longtcareer of service, be
supposed either incapable or indiffeorne
Steele leave the 9th Lancers ? wh ' Why should Col. I
folr should officers be
confined to barracks in a camp
waces which may
admit of explanation without an 01)13011
feans, but let it
word ? Let discipline be preserved by alluttY of saying a
also be considered how far the spectacle
Ment awarded to officers of rank affects the' such
punish-
obwell classi-
Men of a regiment. As yet the facts are note s'").ale of
the
37, uat if leave
fled that they can be discussed with certaint
which has been given is suddenly affected by superior
authority, it seems harsh to inflict inappropriat
meat on those who are the sufferers or the victimeslY4nief sthhe-
alterrtion,-4rmy awl Navy Gazette.

SHARE MARKET---THIS DAY.

ORDINARY SHARES AND STOOLS.

.Id.l Closing 1 Business
pries. done.

all
100
100
all
all

8 S.
6 7
91 03
lc"; 106

/all
all

ei 7
1 2
5 6
41 43
10 11
2611 211
56 57
5S 60
38 40

861 371
291 301
101 103
140 145
1164 117 k
1111 11311
133 135
105 106
711 72
55 57
1051 105!
59 61
122 124
45 47
941 "5
991 1001
40 45
371 381

8 84
1271 1281
1-1 ) g-p
97 99

:2 74
62i (31

95t
1 OH
541 541
83 83
102 104
}pml
5 42 d
10, 11}
114 116
45 47
103 105

45 47
35 37

82/ 53
65 67
98 100
8 7
39 40
9 10 p
6# 7 p
147 153
8/ 4-1
2/
55/ 56/ p
2/
dip
87 90
135 140

61 7t

1051

711 i
1051 i 1

461 St
95 41
1001
38}

124 8

964 6
d