The Sun.
London, England, 1863-02-19 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
At the ensuing meeting of the Ottoman Bank
proprietors, a dividend will be proposed at the rate
of 10 per cent. on the old and new shares, and a
bonus of £1 on the old and 2s. on the new shares.
A further call of £3 has been made on the D
shares of the Bombay, Baroda, and Central India
Railway Company, payable on or before the 17th
proximo.
The report of the Southampton DDck Company
recommends a dividend at the rate of q per cent.

The biddings for 40,00,000r5. 0'400,000) in bills
on India, took place yesterday at the Bank of Eng-
land. The proportions allotted were, to Calcutta
23,68,000 re., to Bombay 16,00,000r5., and to Madras
32,000r5. The declared mintmum price was as be-
fore, is 11td. per rupee on Calcutta, and 2s. on
Bombay and Madras. The applications within
the limits were for about 107 lace. Tenders on
Calcutta at ls. Hd. will receive about 53 per cent.,
on Bombay at 25., about 19 per cent., and all above
these prices in full; on Madras at 2s. will receive
in full.

At the meeting to-day of the English and Aus-
tralian Copper Company, it was stated that the
profit realised during the past year had only
amounted to £2,150, and the directors were there-
fore unable to recommend a dividend.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :-
1863. 1862.
Great Western t 51,096 £18,202
North-Western .... 81,383 75,817
South- Western
Brighton
Midland
South-Eastern 17,012 14,949
Great Eastern
North-Eastern 38,652 36,200
Great Northern
Lancashire and Yorkshire 31,150 29,625
Bristol and Exeter
Manchester, Sheffield, and Lincoln 14,669 13,067
Edinburgh and Glasgow
Grand Trunk of Canada
These returns show, in most instances, a decided
improvement. On the Great Western there is an
increase of £2,894, North Western £5,566, South
Western £1,812, Brighton £2,175, Midland £2,330,
South Eastern £2,063, North Eastern £2,452, Great
Northern £1,082, Lancashire and Yorkshire £1,625,
Edinburgh and Glasgow £173, and Grand Trunk
of Canada £2,851.

The Pera, which leaves to-morrow with the
India and China mails, will take out £91,310 in
specie.

Two o'CLocs.

At Paris this morning, according to Reuter's
telegram, French Rentes were 70f. 02c.—very flat.
The directors of the Bank of England have modi-
fied their discount regulations by reducing the
minimum 1 per cent., namely, from 5 to 4 per cent.
This measure was generally looked for, although
some were of opinion that an alteration, to the ex-
tent of per cent., would have been deemed suffi-
cient as a preliminai y step towards a reactionary
policy, after the recent pressure resulting from the
extraordinary flux of gold. Since the rate was
fixed at 5 per cent., however, a rapid improvement in
monetary affairs abroad, as well as in this country,
has occurred, and gold being no longer required in
such quantities to send to Paris, a renewed accu-
mulation has taken place in the vaults of the Bank of
England. Concurrently with this change has been
a rapid decline in the " securities," and other favour-
able features in the situation of the establishment
have presented themselves, that an adherence to the
regulation imposed three weeks ago could no longer
be considered desirable. Even now the facilities
offered will fail to secure the authorities any large
addition to their discount business, since the abun-

dance of money, and the competition existing in
the open market, will lead to further concessions.
Indeed, at the present moment the quotations given
for first class bills among the joint-stock and pri-
vate establishments are 31 and 31 per cent.
The market for the English Funds opened rather
heavily, " and prices showed a slightly downward
tendency, but a firmer tone now prevails in conse-
quence of the reduction in the Bank rate. Consols
are 921 I for money, and 921 93 for the account.
the New 3 per Cents. and the Reduced are firm at
A 921 93; Exchequer Bills have improved to 3s. and
"18. prem.
; India 6 per Cent. Loan remains at 108 1.
Business in the Foreign Market has been quiet,
and no movement of importance has taken place.
Tarkish 6 per Cents., 1954, are 891 9(11 ; do.. 1858,
731; do., 1862, 701; and the Consolides, 411 1;
Egyptian, 991 1001; Mexican, 331 e. Grenadian
have
have been buoyant. The 2 per Cents.
have risen to 321 33 ; ditto " ex all" to 141 ; ditto
Deferred, 71 81 ; and the Land Warrants, 71 ;
Russian, 1862, 931 4. Spanish Passive are fiat at
26, and Venezuelan New Loan steady at 601 t.
In the Railway Share Market the operations
have been moderately active, ai,d prices generally
have shown an upward movement. Great Western
and Metropolitan have improved 6s. ; Great
Eastern, North-Western, and South-Eastern, 10s. ;
and Midlands, 165.; North-Eastern (Berwick),
however, declined 16s.

The Foreign and Colonial lines remained inactive,
but prices generally were firmer. Great Luxem-
bourg advanced to 151 to ; Sambre and Meuse
to 11, East Indian to 1061, Great Indian Penin-
sula to 105 t, and Great Western of Canada
to 13k.
Joint-stock Bank and Miscellaneous Shares in
one or two instances realised enhanced prices.
Yrtonasn rose to 431 431 ; London and County, to
413,-1 41; and Crystal Palace Stock, to 32t.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities
a a
92 t
per Cent. Consols Annuities ..
New
India 3 I ptock er
Cent. Annuities
924 3S
Ditto 5 per Cent
Ditto Debentures, 4 per Ct., Oct„ 1863
C Ditto dto April, 1864 1001
onsols for Account, March. 5
24ellequer Bills, £lOOO, 2} per Cent 4 pm
Ditto Small 4 pm

FOREIGN FUNDS—ONE O'CLOCK.
Austrian Bonds, 5 per Cent
Brazilian
Dsitteor Cent 1859
79
p
Ditto 41 per Cent., 1852-58-60
931 6
all lian 6 per Cent
Ditto 41 per Cent,
EgPPtian 7 pin Cent
Ditto, Second Issue
100 6
Greek 5 per Cent., 1824-5, ex-Coup ma 2Ol
Ditto Coupons
Mexican 3 per Cent
Ditto Account 331 6
New Granada ...•
14 1
Ditto 2 pei Cent. 33 21 31 2+ 3
Ditto Deferred 8 76 81
Ditto Land Warrants (Hectares) .. a
Russian 5 per Cent., i 822, £ St —
Ditto 3 per Cent, 1859
Ditto 5 per Cent. 1862 936 1
Spanish 3 per Cent
Ditto Passive
Turkish 6 per Cent. 1854 —
Ditto Account 9o}
Ditto 6 per Cent. 1858
Ditto Account..... 73i 1 It
Ditto 6 per Cent. 1862
Ditto7A.ccount .
Venezuela, 3 per Cont
241 4
Ditto Account.. ...•
bitto 65 per Cent., 1862
Ditto Dividends on the above payable in London.
Italian,
. 691 9
...............
Account 69
1861, Ex. 25f
TWO O'CLOCK.
Couple Money
ilitto-Account