The Sun.
London, England, 1862-08-11 00:00:00

I

MONEY MARKET.

CITY NEWS-SATURDAY.

The reaction in the premium on gold at New
Mork to 16 per cent, is explained by the circum-
stance of the recent shipments of wheat to this
country having again been on an extraordinary
Scale. In the week ending .the 25th of July the
total despatched was 142,000 quarters, besides a
considerable quantity of flour and Indian corn.
Another reason for the diminished demand for
specie for exportation is that the remittances for
half-yearly dividends have now been completed.
The coming into operation of the new prohibitory
tariff on the Ist of August will likewise have acted
in the same direction, since for the moment it
would cause a great reduction of foreign orders.
An auction of the foreign redeemable (Passive)
debt of SRain will take place at Madrid on the 29th
Inst., the sum applicable to the purpose being
6,636,472 reales, or about £66,000.
The steamer Mooltan will take on the 12th inst.
£93,850 in specie for Bombay, of which £5,500 is
gold, and the rest silver.

CITY NEWS---THIS DAIL

TWELVE O'CLOCK.

The accounts from the manufacturing districts for
the past week were generally of a satisfactory cha-
racter. A moderate business was done in both
cloths and yarns at Manchester for the Indian and
German markets. At Leeds the woollen trade has
been steady, and the mills generally are working
ful) time. At Leicester and Nottingham the ope-
rations in both hosiery and lace goods have been to
un average extent, at slightly enhanced priees.
Business at Birmingham, Sheffield, Wolverhamp-
ton, and several of the hardware districts continued
dull, owing to the absence of foreign orders and the
,diminished inquiry for home use.
Owing to the increased demand for money and
the prospect of still greater activity consequent
upon payments connected with the stocks and shares
lateiy issued, accommodation is no longer obtain-
able under the minimum of the Bank of England,
and the market altogether presents a much firmer
appearance than for some time past. Although
the movement may not be extensive, it is generally
thought that stil higher rates will yet be obtained.
The Mooltan, which leaves to-morrow with the
Bombay mail, will take out £93,850 in specie.
The Athenian from l'he West Coast of Africa
has brought £11,200 in gold.
The prospectus has been issued of the North
London Park and Land Company. Its object is the
et: version of an estate of 458 acres at Hornsey
into a park, surrounded by detached villas, gar-
dens, and ornamental grounds. The land is said
to be spleinlidly timbered, well supplied with good
-water, ancl commanding picturesque views of the
surrounding country. A news-room and library,
as well as a placle for outdoor sports and other harm-
less recreations, e:re to form a part of the project,
and hold out inducCoents to its tenantry. The
Company state that if the 258 acres upon which
they intend to erect first-olass buildings should
1%-eve only half as valuable as the surplus lands of
the Crystal Palace Company, a very large profit
Vould from this source alone be realised. The capi-
tal is to be £250,000, in shares of £5 each.

CITY, Two o'CLoeir.
The Liverpool cotton market to-day has been
quiet, but prices c)ntinue steady, and the sales will
probably foot up 5,000 bales, half of which are for
speculation and export.
The English Steck Market to-day presents very
little alteration compared with the latest quotations
on Saturday afternoon, and no material improvement
can be reported as regards business, Speculation
is very much contracted, while the investing
public having subscribed extensively to new
enterprises are now standing aloof. Affairs con-
sequently remain in an inactive state, and rather a
heavy tone prevails, owing to the upward tendency
of the rates of discount, the prospect of specie being
exported on account of the loans lately introduced,
and the uncertainty felt regarding the harvest.
-Much will, of course, now depend upon the state
or the weather, and the accounts from
the agricultural districts. Until the result of the
harvest shall have been ascertained, the market is
likely to remain in rather a sensitive condition.
Consols are 93 931 for money, and 931 1 for the
account, showing a further decline ofd per cent.
The New Threes are flat at 931 ; the Reduced at
?,431 -'3; Exchequer Bills have receded to 21s. and
4
prem.; India 5 per Cent. Loan remains at
104 ; i ; and the 51 per Cent. Enfaced Paper is 1111.
A downward movement has occurred in the
Foreign market, and the transactions have been of
Et Moderate character, Turkish 6 per Cents., 1854,
have receded to 841 ; ditto, 1858, 711 721 ; ditto,
New' to Scrip prem. ; Italian 5 per Cents. to
,7
o i ; Peruvian to 98 ; Russian to 931; ditto Scrip
4 prem. ; Portuguese to 461 ; and Egyptian Scrip
'lB
marked 11 12 prem. ex new.
the Portuguese Loan is 21 prem.; the Peru-
vian 1s to dis.; and the Venezuelan par 1 prem.
In the J.tailway Share Market the operations
have not been very extensive, but, in one or two
s.ustances, a s light recovery from the late depression
has
been apparent. Eastern Counties, Midlands,
and South Easterns, have advanced about 55., and
iTreat Northern A Stock 10s. Great Westerns,
is"vever, have been particularly flat, and receded
about £l. Caledonians have declined £l, and
uLancashire and Yorkshire, South Western, and
°l.th Eastern (Berwick) ss.
In the Foreign and Colonial Markets prices were
tis° a shade flatter. South Austrian and Lombardo-
:benetian have realised to 211, a decline of per
are ; Dutch-Rhenish realise 171 x ; Bombay and
11aroda are flat at 101 ; East Indian, at 1041 f; ;
Grand Trunk of Canada, however, have improved
to 21 1-1 ; and Great Western of Canada realise 12t.
Joint-stock
Bank and Miscellaneous Shares
e!hibit a slight downward movement. Chartered
of India, Australia, and China have declined to 201;
Union of Australia to 44; and Alliance of London
and Liverpool to 111 ; Crystal Palace Stock is
firm at 341 ; National Discount Company have
declined to 62; and Rio de Janeiro Improvement
to 28i.
The shares of the River Navigation of India and
China ,Company are steady at 11 to 11 prem.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities 934 A I 3 per Cent. Consols Annuities
3h 4 4
lq-evi 3 per Cent. Annuities
Red Sea Telegraph, 1908
India Stock
228
Ditto 5 per Cent.
1) Itto Ent'aced Paper, 4 per Cent ... . Ditto
51 per Cent llli
Ditto Debentures, 4 per Cent., Oct., 1863 101
Ditto ditto April, 1864 1005 1
D tt{, tionds PLOW
Ditto wider £l,OOO ..
,C"-a,ols for Account, Sept. 4... 934 4 it
cit chequer Bills £l,OOO, 3 per Cent
21 1
Ditto £5OO
21
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
... 111 11 13 12k x n
ED'St' pi
tttioa ti,
Paid-upper 7
it
p. , Scrip
94 2
... . ..... .
Grenada Active
Ditto Ex Hectares
--
Dittoliia.ii exo over-due Coups. and Hectares 955
per Deferred,Cent. (Maremmana Railway) 72 14
-.. oxican, 3 per Cent
Ditto Account
„ . .
934
oortsu Imperial 5 per Cent
"tlew Grenada, 2 per Cent
4 ‘OirpitvitoanAticopuenrt.Cent 254
98
I,Qtuguese 3 per Cent., ,853..
I titto Small
tu9Rittu 6 per Cent. 1822 £ St —
I)i.tte 44 per Cent ...c.. 90
Ditto 3 ot Cent., 1859
D' P 595
~, itto, Paid up Scrip 934
1t,"84 3 per Cent
185
.-oup. not funded
Sp
LI i,ii t,t• it• i
ttfool ihP.,
kC6acesper Passive..-
Cent.• 0
1854
Dill.
1,;..10 6 per Ce•
nt. 1858
-"'"0 Recount ...................... 724 li
:Ditto, 4100 Bonds
6 per Cent., 1862. Scrip .... pm 4 die
'`4o, Paid up Scrip 6Bl 74 8 75 i 4
uitto Guarar teed, 4 per Cent.
~eDitto Account ..
v I.lozuela, 3per Cent.. ....
,1)11 Accotnt
26 6i
4.ntluo 14 pet Cent
Dividendson the above payable in London.
D
Ili.,Ch 21 per Cent., Exchange 12 Gull 655 /
P -`qm ' crtificati-e, 4 oar Cent. .. .
j:l.'eh Rclntes 4i per Cent., Ex. 25f
4-144, 6 Per deni., 1861, Ex. 25f.
THREE O'CLOCK.
Cor.
.....101.8 M
g 34 1
13ittfa'Accoonuneyt
::