The Sun.
London, England, 1862-06-03 00:00:00

MONEY MARKET.

CITY, TWELVE O'CLOCK.

During the last few days there has been very
little activity in the markets for Foreign and
Colonial Produce, tea has remained dull at previous
prices, while sugars have slightly declined owing to
extensive arrivals. Coffee, rice, and fruit have con-
tinued without material change in values, while
tallow, owing to recent large arrivals from Aus-
tralia, has been depressed, notwithstanding the
advices from St. Petersburg reporting increased
firmness in the market there. P.Y.C. on the spot is
quoted 405., and for last three months' delivery, 465.
3d, per cwt.

The Liverpool Cotton Market yesterday again
presented a rather active appearance, and prices
exhibited increased firmness. The sales were about
12,000 bales.

A further withdrawal of £300,000 was effected
at the Bank yesterday for transmission to Con-
stantinople on account of the Turkish Loan.
The Ripon, which sails to-morrow with the East
India China mail, will take out £162,785 in specie.
The annual meeting of the South Australian
Banking Company will take place on the 17th
instant.

The sum of £2,489 has been received on account
of the New Granada Dividend Fund.
There was a decrease of £lO,OOO in the traffic
receipts of the Brighton Railway, and of £624 on
the South Eastern for the past week.

CITY NEWS---THIS DAIL

Two O'CLOCK.
The principal topic of conversation in commer-
cial circles te-day has been the capture of the
English steamer Circassian by an American ship of
imar off Havana, bound from Bordeaux to that port,
and loaded with wine, brandy, coffee, and provi- 19.11
sions, but having no contraband of war on board.
This event has naturally attracted considerable
attention at Lloyd's, the Jerusalem, and other
places resorted to by the shipping interest, and it
is of course imagined that the Government will in-
quire into the affair, and take active measures in
order that it may be equitably arranged.
At the half-yearly meeting to-day of the Penin-
sular and Oriental Steam Navigation Company, the
directors' report was adopted. The following are
extracts:—The charters of the small vessels For•
roosa and Shanghai to the French Goveinment iu
China having expired, and ships of this class not
bein g suitable for the present operations of the com-
pany, advantage was taken of a local demand for
small vessels, and the Shanghai has been sold at a
fair price. The French Government still retains
th e Grenada in its service. The directors have
received from the Postmaster-General the requi-
sit e notice of the intention of the Government to
terminate the company's contract for the Penin-
sula r Mail Service. This contract has been car-
ried on for some time subject to six months'
notiee from either party ; and, since the ex-
tension of communication with Gibraltar by
meians of the Mediterranean packets, the line has
been made to terminate at Lisbon, while the sub-
sidy was so much reduced that the total abandon-
xnent of the service will be no disadvantage to the
tom pany. The Postal Service, in other respects,
remains in the same state as at the date of the last
report. Since the last annual meeting no other
event of importance connected with the operations
of the co mpany has occurred to call for observation
on the part of the directors ; and, as the general
business during that period has been satisfactory,
they are enabled to recommend that the usual divi-
dend of 3-1 per cent. be now declared for the half-
-9 ear ending 31st March last, and that payment of
the same be made, clear of income-tax, on and after
the 24th June.

A n unfavourable impression has been produced
upon the market for English Securities by the ad-
vices from America, which have induced sales
resulting in a decline of nearly 4 per cent., Consols
being 92 9'2k, less the dividend, for money and the
aocount. The New Threes and the Reduced are
915 s; Exchequer Bills, 10s. prem.; India 5 per
Cent. Loan is firm at 1071 a ex div. ; and the New
21 per Cents. are 751 ex Oil%
The demand for money, although slightly stimu-
laited by the preparations for to-morrow, the 4th of
the month, is still too moderate to create activity
in the general discount market, and the rates con-
tinue to range I-per cent. under the minimum of the
Batik of England.
The Strand Hotel shares are quoted at gI prem.
The dealings in the Foreign Market have been
of a limited character, and prices show very little
change. Turkish 6 per Cents are 811; ditto, 1858,
7Ot ; ditto, Scrip, is firm at 21- prem. ; Russian
ditto at 11 prem. ; Egyptian 7 per Cents. are steady
at 1,1 prem ; Italian have improved to 71; and the
Spanish Certificates are 94-- I, being tolerably firm.
In the Railway Share Market the operations
have again been limited, and prices have in most
instances exhibited a further downward movement.
kireat Westerns, Lancashire and Yorkshires, South
`Westerns, and South Easterns have receded 10s.,

idlands 55., and Great Northerns and North Bri-
15s. Eastern Counties, however, have im-
prov ed

Th e Foreign and colonial undertakings were also
in limited demand. South Austrian and Lombardo-
yen eti.an improved to 211, ; Sambre and Meuse de-
clin ed t, 0 111; Grand Trunk of Canada, to 221 231 ;
GreaL` Inc,tian Peninsula advanced to 1044 ; Bombay
and Boroct'a, to 104; and Madras 5 per Cents., to