The Sun.
London, England, 1862-02-20 00:00:00

MONEY MARKET AND CITY NEWS.

CITY, Two o'CLocs.

Proposals have been issued for an Italian 5 per
Cent. loan, guaranteed by the general revenue of
the State and the net profits of the Maremmana
Railway, with a mortgage on the line. Its object
is to provide the necessary funds for the construc-
tion of the railway to run from Leghorn to Chiavone,
on the Roman frontier. The amount of the loan is
£1,782,000, in 89,100 bonds of £2O each, of which
22,200, or £444,000, have been issued to Italian
holders, leaving £1,338,000 to be raised in this
market. The price of issue is fixed at 74 per
cent., viz. :-15 per cent. two days after allot-
ment, 10 per cent. on the 26th March, 10
per cent. 24th April, 10 per cent, 26th of
May, 10 per cent. 25th June, 10 per cent. 24th
July, and 9 per cent. 27th August. A discount, at
the rate of 6 per cent. will be allowed for payments
in full, and the interest will commence from the Ist
January last, the dividend being payable half-
yearly, The bonds are redeemable at par in 99
years, by annual drawings, and they are to be pro-
vided with bonus certificates, entitling the holders
to a portion of the surplus profits of the line. Sub-
scriptions are to be addressed to Messrs. Steer,
Cuerton, and Lawford, accompanied by a deposit
of 5 per cent., and applications will be
received till Tuesday the 24th inst. The project
has been favourably received at the Stock Exchange
this morning, the new security having already at-
tained a premium of 1 t per cent.
About 50,000 in bar gold was withdrawn from
the Bank of England yesterday.
The unallotted portion—viz., £145,000—0f the
gape Loan was disposed of by public tender. The
applications represented £376,500, and the whole
loan was appropriated at and above £lO7 lls. 6d.
The reserve price was fixed at 10s. 6d.
A fair amount of business took place in the
-Liverpool Cotton Market yesterday, and prices
were steadily supported. The sales were 10,000
bales.

The market for Public Securities opened this
Morning with a dull appearance, Consols remaining
at 928 93 for transfer and 6th pros. Since then
the market has continued in a quiescent state,
speculation being nearly suspended. The New
Threes and Reduced Annuities are 93i ;I; the 5
Per Cent. India Stock is 106: I, being firm, and the
'various descriptions of Enfaced Paper are also at
Previous quotations. Exchequer Bills likewise re-
main steady.
Some of the foreign stocks appear rather
flatter, but the fluctuations have not been
very extensive. Mexican Bonds, in which
several bargains have taken place, have declined to
34
34i, and the Italian Stock has receded to 67: /,
°Wing to the new loan. Turkish 6 per Cents. have
neen dealt in at 841 1, and those of 1858, at 741 1 ;
showing very little change. Spanish are also at
steady quotations. Dealings have taken place in
the Imperial Moorish Scrip at 5, 51 prem.; in New
Grenada at 261 ; and Peruvian 41 per Cents. at 991.
, The last week's railway receipts, ascertained up
Gtoretahtis day, are in round figures as under.:—
Vattern
ghh o 3:
ioriourttlit....East £41,225 £41,190
74,162 76,381
South-Western
12,833 12,121
tlidlandn 35,427 37,361
IGreat Northern 14,949 15,448
North • 23,837 25,768
,an,, 29525 34,315
North . 33,144 35,980
5.838 5,772
Eastern Counties
(3re,! hilriaestt.anehriad Y..o.r.kshire
Great South Western (Ireland) 7,168 6,953
,-.,Edinburgh and Glasgow 6,448 6,420
Great Western of Canada 10,533 8,070
These returns are again of an unfavourable cha-
racter. On the North-Western there is a decrease
of £2,219, on the Midland of £1,934, on the South-
Eastern of £499, on the Great Northern of £1,931,
the Lancashire and Yorkshire of £4,790, the North-
Eastern of £2,836, the Eastern Counties of £747.
On the Great Western, however, there is an in-
crease of £35 ; on the South-Western of £614, on
the Brighton of £712, on the Edinburgh and Glas-
gow of £2B, and on the Great Western of Canada
of £2,463.

Only a limited amount of business has been trans-
acted to day in the Railway Share Market, and the
few dealings recorded have shown further slight
depression, owing to the continued unfavourable
character of the traffic returns. Great Northerns,
Great Westerns, Lancashire and Yorkshire, and
South Easterns have declined as. ; North Westerns,
South Westerns, Midlands, and North Eastern
(York), 10s.
In the Foreign and Colonial Markets the opera-
tions have been exceedingly limited. South Austrian
and Lombardo-Venetian have receded to 196
Grand Trunk of Canada are steady at 251 264;
East Indian at 102 and 1021. Bombay and
Baroda at 101.
joint Stock Bank and Miscellaneous Shares
show little change of importance in prices.

BRITISH FUNDS—ONE O'CLOCK.
Lank Stock .. 242k 2
3 Per Cent. Reduced Annuities 93i
3 Per Cent. Consols Annuities
New 3 per, Cent. Annuities 93it /
Ditto for 30 3,,,' expire- e sth April, India Stock - ' ell:"
Annuities, 30 yrs sth Jan., 1880 —_
....................
1061 I
Ditto 5 per Cent. 188:5 l_sl
Ditto Enfaced Paper, 4 per Cent —
Ditto 5 per Cent. lOl/
Ditto 5} per Cent lo7±
Ditto Debentures, 4 per Cent., Oct., 1863 994
• Ditto ditto Aug. 1864 or 66 994
Ditto Bonds £l,OOO
Sonsols for Account, March 6 ..
June.
March.
Exchequer Bills, £l,OOO 2d.... 16
LittoDitto £5OO
.mall
to? TOREIGN FUNDS—ONE O'CLOCK.
ierial Moorish Scrip 5/ it Mexican, 3 per Cent
New Grenada, 2 per Cent 1
l eruvian 4f per Cent —
Ditto Accouitt
Ditto 3 per Cent
Ditto Account - • B3i
Portuguese 3 per Cent., 1853
DlDitto Account 1
Russian 5 per Cetit.,lB22, £ St . 102
Ditto 4± per c.. 1860
Sardinian 5 per . t. 8
Ditto Account
?]. .
531-
Spanish 3 per CelitlJ‘
Ditto Account-t"' •
Ditto New Deferred
Ditto Account
Ditto Passive
Turkish 6 per Cent....l ?
84a Ditto Account
Ditto New Loan —
i
~,Ditto Acco nt i i
.. 74
Y e_iletuela, 3 per Cent • •
Ditto Account

•
• Dividends on the above payable in London.
D 91 perutch c
t len ~ Exchange 12 Guil 61
%0.0 6'2,
ertificatcs, 4 per Cent...
Italian, 6 per Cent., 1861
67/
Console, Money TWO O'CLOCK.
- _...• •,.
Account
3

TliIS DAI'S SHIPPING.

LOXDON
Strong breeze, and dull weather, with rain.
FALmourm, Feb. 19.—Wind S.W.—Arrived—Tele-
gram, from Laraeho ; Jane Selkirk, and Sir M. Peto. from
Alexandria.
QUEENSTOIM7 Feb. 18.—Arrived—Europa, steamer,
from
from Newt
Yoon,rk and proceeded for Liverpool; Bergemem,
.
from
19.—Wind Domingo.
L now Er,
FovrEY, Feb.
18.—Arrived—Peter and James, from
for raltar.
PLYMOUTH, Feb. 19.—Wind S.E.—Arrived—Jersel,
from Bahia for Bremen.
ST. ITE'S BAY, Feb. 18.—Arrived—Alexander steamer
from Honduras for Plymouth. , ,
NEWPORT, Feb. 19.—Wind S W.—Arrived—Hampden,
from Bristol for St. Vincent. Sailed—Silver Stream, for
St Thomas.
YARMoUTH, Feb. 19.—" Wind S.E.—Arrived—J. B.
Giles, from New York.

(BY ELECTRIC TELEGRAPH.)
SOUTHAMPTON, Thursday Morning.
I,Arriverl—Courier' steamer, frim Havre; Stratraad
-"i(Lge.rtnan for Trieste.
.0 ov
`.3alled—Pacific steamer, and Little Gem, for London ;
e, for Pitsdeep.

(By SUBMARINE AND MAGNETIC TELEGRAPH.)
GRAVESEND, Thursday Morning._
fro Arrived, Feb. 20—John and Jane, from Dunkirk ;
ti,
Leghorn Queen, from Valencia ; Londinor, from
Sailed, Feb.rave Cat
20—Diana, steamer, for Amsterdam; Queen
rthe Isles, steamer, for Brussels ; Seine, steamer, for Boa-
f°gue ; Impended, for Nassau, N.B.
New
R. Peel, steamer,
°l' Dunkirk ; Susan Fearing, for New York.
DEAL, Thursday Morning.
f_l3,er..ed—Slave Donand, from Calcutta, for London (in
"v) I Neptune, from Mauritius, for London.