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

IVIONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

Fund.

Two o'CLocx
ADVANCE IN THE BANK RATE OF
DISCOUNT.

The Foreign and Colonial lines were in mode-
rate request without any material change in values.
tistch Rhenish brought 17/ ; San Paulo, 23/ ;
South Austrian and Lombardo-Venetian, 234 ; East
Indian, 1071 ; Great Western of Canada, 124.
Joint Stock Bank and Miscellaneous Shafts
continue dull at about previous rates.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
237 5
3 per Cent. Reduced Annuities
tnnuittes, 30 yrs, expire •sth Jan., 1880 l2 4 .Ditto for 30 yrs, expire sth April, 1885 —
Ditto (Red Sea Telegraph), Aug. 1908 22
India Stock
Ditto 5 per Cent., loBf
Ditte Enfaced Paper, 4 per Cent.
.96
Ditto 5 per Centlo6l 6 51
Ditto 5f per Cent
Consols for Account, Feb. 5 92/
t India Stock for Account, 5 per Cent lOBl
Ichecitter Bills, £lOOO, 21 per Cent l5 10
Ditto £500
Ditto Small lO U
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent ....... 102
Ditto 41 per •Cent., 1852.58-60
gpptian 7 pei Cent 95
Greek Ditto, Second Issue
Italian
5 per Cent., 1824-5, ex-Coupl6l
.!taiian 5 per Cent. Olaremmana Railway) 73
lilexican 3 per Cent
_ k
Ditto Account 32 I%)ll7jloorish Imperial 5 per Cent
961
''an.4l per Cent.
Ditto 1862
Ditto Account
Portuguese 3 per Cent., 1853
47/ /
Ditto 1862
Russian 6 per Cent., 1822, £ St --
Ditto .li, per Cent., 1850
Ditto 6 per Cent. 1862
spanieh 3 per Cent
Ditto Account
Ditto Passive ............... •••• • • • • 2
Spanish Cert. of Coup tiCiifuix-cf 4
TOrkish 6 per Cent. 1854 -5X Ditto 6 per Cent. 1858
Ditto Account
71
1 iitto £lOO Bonds
Ditto 6 per Cent. 18'32
Ditto Account 671 *
24k
Venezuela, 3 per Cent
Ditto 6 per Cents., 1862 (Scrip), £53 pd 11 die
Dividends on the above payable in London.
66
bUtch 21 per Cent., Ex. 12 Gail
*1 69
Italian, 5 per Cent 1861, Ex. 25f
.9 691
Duto Account
Conols, Money
Ditto' Money
THREE O'CLOCK.
921 fr

BRIPPING INTELLIGENCE—This Day.

zal:°l4.D°.; Jan. 15.—Wind this day at noon—North-
cloudy y; moderate breeze, and fine weather, but rather
Prot
,
Lltor Tir, Jan. 15.—Wind Y.E.—Arrived—Tyne,Sulina.
at arlier, from Portl 14"Gli FOYLE, Jan.
U.S.lC—Arrived—Bohemia, screw
and,

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

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

1863. 1862,
Great Western
North-Western
Great Northern
Great Eastern
Lancashire and Yorkshire 31,367 30,924
Midland

North-Eastern 33,982 31,289
South- Western
Bristol and Exeter .......... 5,393 5,068
Scottish Central
Grand Trunk of Canada
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; Lancashire 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 21 per cent. on the paid-
up capital, were declared, leaving a balance of
£3,253 to be carried forward.

An advance of 1 per cent. has been announced to-
day in the minimum rate 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. The recent
tendency of affairs pointed to the probability of the
policy resorted to, because there has been a con-
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
commercial 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 aaJounts 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
days' notice of withdrawal is given.
Very little business has been transacted at the
new rate, the mercantile classes having previously
supplied themselves to a sufficient extent for their
immediate requirements.
The Liverpool cotton market today was firm,
at steady rates.

. -
The Three per Cent. Rented opened to-day, at
Paris, at 69f 90c., a further fall of s per cent.
Before the alteration in the rate of discount was
announced further sales of Consols were effected,
and a decline of a 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-
viously 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 921 1 for money, and
921 for the account, are now 921 and 921 /
respectively. The New Three per Cents, and the
Reduced are fiat at 921 l; Exchequer Bills are 108.
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 1081 k.
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 ; ditto, 1862, 661 671, being heavy; and the
Consolides remain at 40i 9, Italian have receded
to 69; the Railway Loan to 73; and Portuguese
New Loan to 47. Egyptian are 95 ; ditto 2d issue,
96. Mexican are firmer at 32 1. Peruvian
Stock is steady at 881 89 ; Venezuelan 3 per Cents.,
241; and the Scrip of 1862 has improved to 11 dis.
In the Railway Share Market the operations
have been rather limited, but prices have slightly
improved, owing to the favourable traffic receipts
on most of the principal British lines. Great Wes-
tern, Lancashire and Yorkshire, North Western,
and South Easterns advanced Ss. ; and Midlands,
10s.

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