The Sun.
London, England, 1863-01-15 00:00:00

ONE Y MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
An aggregate of £430,000 in gold has been with-
drawn from the Bank of England since the date of
the last return.

The mail from Guayaquil has brought a remit-
tance of £2,602 on account of the Ecuador Dividend
Fund.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1863. 1862.
Great Western £48,334 £47,124
79,638 75,379
N orth- Western
24,435 24,280
Great Northern
Great Eastern
Lancashire and Yorkshire 31,367 30,924
1llidland
North-Eastern
South- Western
Bristol and Exeter
Scottish Central
Grand Trunk of Canada „.„ 18,657 17,762
These returns in most instances exhibit an im-
provement, compared with those of last year. On
the Great Western there is an increase of £1,210;
North Western, £4,259 ; Great Northern, £155;
South Eastern, £348; Lincashire and Yorkshire,
£443; Midland, £2,191; North Eastern, £1,693;
South Western, £1,249 ; and Grand Trunk of
Canada, £895.

At the half-yearly meeting of the Bank of New
South Wales, which took place in Sydney on the
29th October, a dividend at the rate of 15 percent.,
together with a bonus of 2,1 per cent. on the paid-
up capital, were declared, leaving a balance of
£3,253 to be carried forward.

Two O'CLOCK.
ADVANCE IN THE BANK RATE OF
DISCOUNT.
An advance of 1 per cent. has been announced to-
day in the minimum rote of discount of the Bank of
England. The directors, after a brief deliberation,
resolved to adjust the quotation at 4 per cent., and
the measure has not occasioned any surprise, be-
cause it was generally anticipated. Tee recent
tendency of affairs pointed to the probability of the
policy resorted to, because there has been a em-
tinuous demand for gold to send abroad, and the
prospect of an alteration has recently had the effect
of largely augmenting the inquiry for accommo-
dation. The payment of the dividends, therefore,
has not produced the effect anticipated, and an
adverse specie movement with other minor influ-
ences has raised the value of money to a point
which will exercise a wholesome check upon the
reckless introduction of new schemes. To the
4Commercial community the measure just adopted
will not be of the slightest inconvenience
4 per cent. being a very moderate rate for the ne-
gotiation of mercantile securities. Following the
movement in the rate of discount the Joint Stock
Banks will probably fix their allowance of interest
on deposit sc_ounts at 3 per cent., and the National
Discount Company, Messrs. Overend, Gurney, and
Co., Messrs. Alexander and Co., and other private
firms have already altered their terms to 3 per
cent. for money at call, and 31 per cent. if seven
dap,' notice of withdrawal is given.
Very little business has been transacted at the
new :ate, the mercantile classes having previously
supplied themselves to a sufficient extent for their
immediate requirements.
Before the alteration in the rate of discount was
announced further sales of Consols were effected,
and a decline of per cent. ensued. As soon, how-
ever, as it transpired that the minimum had been
fixed at 4 per cent., some of those who had pre-
Niously sold began to purchase, in order to realise
profits, and the effect of these transactions
Was a recovery to the quotations current
at the close of business on the previous afternoon.
Consols, therefore, after being 92f, for money, and
92: for the account, are now 94 f and 926 I
respectively. The New Three per Cents. and the
Reduced are flat at 9281; Exchequer Bills are 10s.
to 15s. prem. ; Bank Stock is heavy at 235 and 237;
Red Sea Telegraph Annuities are firm at 22, and
India 5 per Cent. Loan 1084
Business in the Foreign department has been
quiet, and prices generally are rather depressed.
Turkish 6 per Cents., 1854, are 85 86 ; ditto, 1858,
71 4 ; ditto, 1862, 661 671, being heavy ; and the
Consolides remain at 40 1. Italian have receded
to 69; the Railway Loan to 73; and Portuguese
New Loan to 47. Egyptian are 95 ; ditto 2d issue,
94 95. Mexican are firmer at 32 1. Peruvian
Stock is steady at 881 89 ; Venezuelan 3 per Cents.,
24k ; and the Scrip of 1862 has improved to 14 dis.
In the Railway Share Market the operations
have been rather limited, but prices have slightly
improved, owing to the favourable traffic receipts
on moat of the principal British lines. Great Wes-
tern, Lancashire and Yorkshire, North Western,
and South EAsterns advanced 55.; and Midlands,
10s.
The Foreign and Colonial lines were in mode-
rate request without any material change in values.
batch Rhenish brought 171 ; San Paulo, 231 ;
-South Austrian and Lombardo-Venetian, 231, ; East
Indian, 1071 1071; Great Western of Canada, 121.
Joint Stock Bank and Miscellaneous Shares
continue dull at about previous rates.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock 237 5
2 per Cent. Reduced Annuities
pEir Cent. Consols Annuities 92/ f
New 3 per Cent, Annuities
Innuities, 30 yrs, expire sth Jan., 1880 12
Ditto for 30 yrs,.expire .sth April, 1885. ==-
Ditto (Red Sea Telegraph), Aug. 1908. 22
India Stock
Ditto 6 per Cent , lO5l
Ditte Enfaced Paper, 4 per Cent . 96
Ditto 5 per Cent 106& 6
Ditto bf per Cent " 1121
Consols for Account, Feb 5 92
India Stock for Account, 5 per Cent lOBl
Exchequer Bills, £lOOO, 2} per Cent l5 10
Ditto £SOO
Ditto Small lO 15
FOREIGN FUNDS—ONE O'CLOCK.
Brazilian 5 per Cent
Ditto 4i per Cent., 1852-58-60
Mgpptian 7 pet Cent
Ditto, Second Issue
3reek 5 per Cent., 1824-5, ex-Coup )ns l6t
ItAlian 5 per Cent. (Nlaremmana Railway) 73
Mexican 3 per Cent
Ditto Account 32 i
Peruvian 41 per Cent.
Ditto . 1862

Ditto Account . . _
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 5 per Cent., 1822, £ St -
Ditto 4i per Cent., 1850
Ditto 5 per Cent. 1862
Spanish 3 per Cent
24
i 1
Ditto Passive
Spanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 B5l
Ditto 6 per Cent. 1858
Ditto Account
Ditto 6 per Cent. 1842
Ditto Account
Venezuela, 3 per Cent
Ditto Account
241
Ditto 6 per Cents,, 1862 (Scrip), £53 pd It die
Dividends on the above payable in London.
1861, Ex. 25f.
liall.au, 5 per Cent.,

TWO O'CLOCK.
Consols, Money
Ditto Account 92t