The Sun.
London, England, 1862-06-25 00:00:00

ATONE r iNIARKET.

CITY NE W S—YESTERDAY.
The renewed abundance in the money market.has
been attended with a decided increase in the de-
mand for Exchequer Bills, which have risen 35.,
closing at 63. to 95. prem.
The last price from Paris this evening was 68f_
55e., showing a further advance.
About £240,000 in bar gold was taken to the
Bank today. _ _

In the foreign exchanges this afternoon the rate
upon Paris was a shade higher ; otherwise there
was no alteration of importance from the rates of
last post.
There has again been undiminished excitement
to-day in the Liverpool cotton market, at a further
advance.

Later commercial telegrams from New York were
received in the city this afternoon, announcing that
the premium on gold had advanced to 7 per cent.,
and the rate of exchange to 116;, with a corres-
ponding upward movement in the nominal prices
(in paper) of all securities.

The half-yearly meeting' of the London and
Greenwich Railway Company is called for the Bth
of July, when a dividend of 7s. ld. per cent., or
ss. sd. per share, free of income tax, witl be recom-
mended.

The first ordinary general meeting of the share-
holders in the Metropolitan and Provincial Bank
(Limited) is called for the 15th July.
A second cad of £2 10s. is to be paid by the 12th
of July on those obligations of the Netherlands
Land Enclosure Company on which only £2 10s.
has yet been paid.
Later American telegrams, received this after-
noon, describe great excitement in business circles
at New York with regard to the continued and
important rise in the exchange, which has
now reached 118. The premium on gold has at
the same time risen to 7to 71 per cent. The
movement in each instance is promoted by the
necessity of making remittances to Europe against
the large amount of American securities sent from
this side. To-day's advices speak of shipments of
specie to Europe to the extent of no less than
1,800,000 dollars, or £360,000 sterling. The rise
in the premium on gold has also probably been
stimulated by the arrangements for the circulation
of an additional amount of 150,000,000 dorlars of
demand notes. Meanwhile the issues of Govern-
ment paper are still inflating the prices of securities
at New York. For foreign purposes, the American
currency is of course useless, and specie must be
resorted to. The foreign pressure for specie upon
the American markets is aggravated by the eager-
ness with -which the Americans, in addition to
carrying all their new Government securities, are
taking their old stocks back from the hands of
holders in Europe. European holders, on their
part, are the more willing to sell, because they dis-
trust the permanence of the fabric of paper -which
the Americans have reared, and in which they ex-
press such unbounded confidence. •
Although the total of gold sent into the Bank
since the last weekly return, including the amount
to-day, has reached half a million, and the conti-
nental exchanges show increased firmness, the
English funds remain without recovery.
The half-yearly interest is announced on Victor
Emmanuel Railway Bonds.
CITY, TWELVE O'CLock.
'Within the last fortnight an important change
bas
taken place in monetary prospects. Just before
• the cessation of the efflux of sovereigns from the
j3ank of England in connection with the Turkish
Loan, most persons were anticipating an advance
in the minimum
quotation ; but now there appears
to be greater probability of a movement in the other
direction, because gold is accumulating, the com-
mercial requirements of the country are limited,
and the available supplies of floating capital will
be largely augmented by the impending release of
the July dividends. Two or three new foreign loans
are spoken of, but the amounts involved are compara-
tively small, and with the sustained importation of
gold from America, Australia and other sources, there
is reason to believe that the reserves of the precious
metal 'will continue to be maintained at a high
figure. Bankers and others are taking advantage
of the opportunity to ask rather higher terms, but
they still grant concessions, especially to their
regular clients, sufficient to divert business from
the Bank of England.
A call of £1 10s., amounting together to £187,500,
becomes due to-morrow on the Scinde (Delhi capi-
tal) Railway shares.
CITY NEWS—THIS DAN .

CITY, Two O'CLOCK.
Speculative business in stocks and shares con-
tinues dull, and as the investing
public still show
the Stock Ex-
a preference for new enterprises,
ehange markets necessarily remain inactive. Mexi-
can Bonds are now the principal medium of time
dealings, and the frequent changes must involvea
they
large amount of the ' differences." Spanish
Certi-
ficates also continue to engage attention, but
are now comparatively firm owing to the result of
speculative influences, and a scarcity of the securi-
ties created by purchases on account of the public,
who have been persuaded to believe that the Cor ti.es
really intend to make some arrangement. The
Funds are exceedingly dull and depressed, the bar-
gains entered into to-day having been of the most
1 imited character. Consols are 912 4 for money,
and 914 i for the account. The New Threes and
the Reduced remain at 91i I ; Exchequer Bills
have improved to 9s. prem. ; Bank Stock is 233
and 234; and India 5 par Cent. Loan has advanced
to 1091,
The transactions in the Foreign Market have
not been of magnitude. Eg,yptian Scrip has im-
proved to 31 Z prem. Mexican have receded to
281 1 ; Spanish Certificates to 8Z- 91. Italian 5
per Cents. are steady at 721 i Z. Russian Scrip con-
tinues flat at par to 4 pre,,,, Turkish 6 per Cents.,
1854, have improved to 834 ; ditto 1858, remain at
701 4, and the Scrip at 31 4 prem.
In the Railway Share Market the dealings have
again been limited, and prices have remained with-
out change of importance, Lancashire and Yorkshire,
however, have improved ss. ; and South Westerns
10s.; North Westerns, and Manchester, Sheffield,
and Lincoln, declined ss. ; and London and Brigh-
ton 108.
The Foreign lines were also exceedingly dull.
Royal Danish are dealt in at 154 ; Great Luxem-
burg at 13Z ; are
and San Francisco at , 171 • and
Recife and San Francisco at ia;73
For the Colonial lines there
mend Great as scarcely any de-
. Weatern of
111 • East India, 1064 4Canada, however, realise
; Madras per Cents ,
1024, 103/. 5
.
Joint Stock B ink and Miscellaneous Shares remain
very inactive, Ottoman Bank have declined to 215 ;
Oriental Bank to .
lel r k
.ite_t i
oE
Janeirol ectr ic Telegraph
..
o
In the Miscellaneous Market
meat Scrip is steady, have improved to
,ilol;a,t
24d.
Tea Shares are 4 I prem.,
andhCeoEntaisnt
;au i 4 prem.
eenrntal.Bßenlal Building Company by Machi-
BRITISH FUNDS— 'oNE O'CLOCK.
... 233 4
Bank Stock
_,. ,
3 per Cent- Reduced Annuities ......... nl I
3 per Cent. Consols Annuities .......... vIA I
New 3 per Cent. Annuities ............. • 914 14
India Stook
1091 i a 94
Ditto 5 per Cent.
Ditto Enfaced Paper, 4 per Cent
Ditto 5 per Cent
Ditto Debentures, 4 per Cent., Oct., 1863 100 _ _
Ditto dtito April, 1864 994 100
Ditto ditto Aug. 1864 or 66 994
Consols f
914
-°l' Accounts July 'l9
Exchequer 11ills f.,1,000, 3 per Cent 9
FOREIGN FUNDS—ONE O'CLOOK.
Egyptian, 7 per Cent
Ditto, Pain up Scrip
Xi cxlean 3 per Cent ......
Dif to Account . . 284 4
Moorish Inverial .... ..
. & .....
I eruv:%n 3 per Cent.
Ditto Account .................. "
Ditto 41 per Cent ............. • .
Ditto Account . • ............ '' • • 981
Russian 5 per Cent 18i2. ...
..
...
Ditto 5 per Cent., 1892, Se; 'D' ' ' ' ""
. pm
Ditto Paid-up Scrip .... 1-
"A— } rq par
SpEneih 3 per Cent .................. ..
93 -
Ditto Passive... ............. ••••••••
Spanish Cert. of Coup. e.t
. funded....... . d * 19hlt
skisTuh 6 per Cent. 1854 . e . 9 81
Dittol
Ditto 1862Ai, ae eide(tust neptr is.Pc):l .. ... ............................................... 8833:1 .4i
Dividends on the: ..ai:o;"e . D.;;a.1.;1e. in' London.7ll
Italian, 5 per Cent., 1861, Ex, 25f
Console, Money 9i it
TWO 7O'Ct.o(.lli.
.. ........
Ditto Account ~..•. ... , ...... ......... 91 a I
......... 91 4