ENGLISH.

Otago Daily Times, Issue 290, 24 November 1862, Page 4

ENGLISH.

(From the Home News.) c . , City, Timrsday, September 25 bmce our last report the Money Market has remained generally eas ; /. Latterly there has been mo-e uemand. but not suliieient to enhance the minimum rate of viscount alwvc 2 percent. There Is little* demand on tlie part of merchants, owing to the depression m our rnamifnctux-ing tra^e. " Annexed are the ordinary rates for discount on paper of various dates :— 30 day to 60 days .. ... 2 percent. 3. months .. ... .. 2J percent. 4 montJis .. .. ... 2.1 per cent 6 mouths—Bank bills .. 3 per cent.' — Trade ditto .. 3J percent. Annexed are the rates of interest allowed on deposits .• — . Joint Stock Banks 1 percent. JJiscourifc houses at call ... 1* percent DiUo, with seven days' _^ notice .. .. "'.. . Subjoined are the rates of discount in the thief continental cities : — Bank Rate. Open Market. Per Cent. Per Cent. Vienna .. ... 5 5 4 Berlin 4. 3 Frankfort 3 '" « Ainstei\lam .. .. 3^ '.'. 3i T.uriJl , 5 ... 4 Jsrus.-;els .... 3 2\ Hamburg _ ** 3^ St. Petersburg .. 5.1 '.'* 51 LATEST CITY INTELLIGENCE. . At t'«s period of the year there are generally some indications of an increasing demand for money ; but at the present time, in free of the serious contraction ot traae wlncn has resulted from the American crisis, it is to be doubted that any.probable extension of our operations'wiihthe other parts of the world, wilkso tar till up the void as to a*i.mit of the customary symptoms that presage a rise, in the discount market Ihe supply of capital now available is considerably in excess of our present, requirements : and notwithstanding the previously large import* and the moderate arrivals of specie which are still taking place in this country from New York, the supply or flour and wheat from America has been on so. extensive a scale that our additional requirements this year will be insignificant ftoin that or from other countries. We may hence, anticipate mat money will nof, unless for unforeseen events, vary much m value for the present; and that wheat and flour during the coming- winter will "be available ior the necessities of the country at a moderate price,

The cllHal report of business on the Stock Excuanjre is as follows : Three per Cent Consols, for monry, 9u§- 3 ; ditto for account, 93A ; Three per a*? ttS e£?? ed\? 2 ' 92h 91^ ' New Three V* Cants, y..-,,-. m, y]£ v ; Live per Cent Annuitiss, 111 : Thirty Jears Annuities, 1885, 15 1-16 ; lied Sea Telegraph, 22 ; India Five; per Cent Stock, 108J, f ; Five per Cent .<<. eafaeed" rupee paper, lOi^, 105*. Exchei" cr + boL fe ' H s \9 2l s Pyem for March, and for June 2Ssto23s. India Bonds, 27 to 30. The Australian gold ships now due or nearly due are the Anglesey, 98 days out, with £28,000; the Kent 81 days out, with £313,000; the Lord Raglan, £^^i aUd A^^days