The Sun.
London, England, 1863-02-20 00:00:00

3CONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE o'CLocii.
The money market is relapsing into a state of
quietude after the temporary commotion produced
by the alteration in the rate. A moderate business
has been transacted today, and the lowest quota-
tion
is 31 per cent. The Bank authorities are there-
fore not likely to derive any benefit from the redac-
tion which they made yesterday.
A considerable improvement is exhibited in the
situation of the Bank of England by the return
published yesterday afternoon. It shows a large
increase in the reserve of notes and stock of bultion,
and a further reduction in the total of other securi-
ties. Subjoined is our usual analysis:—

Active Circulation £19,310,720
Decrease .. .. 520,330
Bullion .. .. 14,589,222
Increase .. 518,571
Rest .. 3,380,678
Increase •• •• •• .• 15,239
Public Deposits 7,413 275
Increase • . . 460,467
Other Deposits.. 13,769,276
Increase .. 172,920
Seven Day and other Bills .. 605,776
Decrease .. ** 7,626
Government Securities 11,043,079
Na alteration.
Other Securities .. 18,750,424
Decrease .. 397,903
Notes Unemployed .. • .. 8,990,535
Increase .. .. 1,001,360

A dividend of 10 per cent. for the year ending
31st December last is recommended by the directors
of the Notth British and Mercantile Insurance
Company.
The coupons of the Egyptian 7 per cent. Loan
will be paid on and after the Ist proximo.
The operations in the Foreign and Colonial Pro-
duce Markets during the last few days have not
been very extensive. Sugars have sold slowly, but
at steady rates. Coffee, in some instances, has
exhibited a slightly upward movement ; but tea,
rice, truit, and spices have remained without any
material variation. Tallow has continued dull, at
a slight decline, for both present and forward
delivery.
With regard to the silk trade Messrs. Durant
and Co. state :—" The periodical public sales com-
menced on Wednesday, and are concluded. The
quantity offered was 1,700 bales Bengal, 7,000 bales
China, 650 bales Jhpan, and 750 bales Canton. The
whole were allowed to pass without bidding, ex-
cept the damaged bales, which were taken at fair
prices. Our general market has been quiet for the
last three or four weeks, but it is thought that
there is a better demand for manufactured goods;
should this continue, we may look for an early re-
commencement of business."

Two O'CLOCK.
At Paris this morning, according to Reuter's
telegram, French Rentes were 70f. sc.—flat.
There is no alteration in the English Funds to-
day, and a very small amount of business has
taken place. Consols, however, although dull, are
firm at 921; for transfer, and at 92i for the account.
Ile New Threes and Reduced Annuities are flat at
92H; Bank Stock has advanced to 239, and a bargain
has taken place in the Red Sea Telegraph Annui-
ties at 21 7- 16ths ; India Stock has receded to 227 ;
but the 5 per Cent. do.. at 108 k; and the Enfaced
Paper, 105/. A transaction has taken place in the
Si per Cent. Enfaced Paper at 112 3; ; and in the
Bonds at 15s. prem.; Exchequer Bills are quoted
15. to ss. prem.
Continued steadiness has been perceptible in the
Foreign Market, and the transactions have been
moderately active. Turkish 6 per Cents., 1354. are
891 901 ; do., 1858, 721 73/ ; do., 1862, 696 701 ;
and the Consolides, 411 4 ; Greek Bonds are flat at
201 ; Mexican remain at 33/ 1 ; Portuguese New
Loan, 478, being buoyant; Russian New Loan has
improved to 931 94; Spanish Passive are heavy at
258 264; and the Certificates are supported at 10;
and Venezuelan, 692 ; New Grenada 2 per Cents.
have further improved to 324 33/.
In the Railway Share Market the dealings were
limited, and prices exhibited litttle variation of
importance. London and B lack wal I, North Western,
and Manchester, Sheffield, and Lincoln have im-
proved 55., while Midland, South-Western, Lanca-
shire and Yorkshire and several others supported
previous quotations. _ .

The Foreign and Colonial undertakings were
also inactive at about former rates, Great Luxem-
burg being dealt in at 16, Sas Paulo at 23L Grand
Trunk of Canada at 211, Great Indian Peninsula
at 1051.
Joint-Stock Bank and Miscellaneous Shares ex-
hibit some slight variation. City Bank improved to
931 ; Union of Australia to Mt ; Ottoman Bank
declined to 921, and Peninsular and Oriental Steam
to 714 to 721-

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock 239
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities ..
New 3 per Cent. Annuities
New 2i per Cent. Annuities... 76t
i ttnuittes, 30 yrs, expire i9th Jan., MO —
Ditto (Red Sea Telegraph), Aug. 1908. 21 7-16
India Stock 227
_ .. .

D tto 5 per Cent
Ditto Enfaced Paper, 4 per Cent
Ditto 5 per Cent lO5l
intto 5i per Cent
D bonds t: 1 .;100 .• . •
Ditto under £l,000
Consols for Account, March. 5
Exchequer Bills, £lOOO, 21 per Cent 1 5 pm
Ditto £5OO
Ditto Small
FOREIGN FUNDS—ONE O'CLOCK.
Brazilian 5 per Cent
Ditto 43/4 per Cent., 1852.58-60
'illlian 3 per Cent. 7B
.RgPPtian 7 pet Cent
Greek 5 per Cent., 1824-5, ex-Coup ma 2Ol 1
Mexican 3 per Cent
Ditto Account 331 1
New Granada
I )itto 2 pet Cent. 33 21 31
Ditto Deferred 8
Pe,—
ov,an43/4 per Cent.
l)itto
Ditto, 1862
A c
3count
881 8
Portuguese
Ditto
oer Cent., 1853
1862
Russian 5 per Cent., 1822, £ St --
Ditto 41 per Cent., 1850 9ll
Ditto 5 per Cent. 1862
Ditto Scrip, £65 16s. paid
Spanish 3 per Cent
Ditto Passive
Spanish Cert. of Coup not funded
Turkish:6 per Cent. 1854 —
Ditto Account B9/
Ditto 6 per Cent. 1858
Ditto Account
Ditto 6 per Cent. 1812
Ditto Account
Venezuela, 3 per Cent
Ditto 6 per Cent., 1862
Dividends on the above payable in London.
Dutch 24 per Cent., Ex. 12 Guil —
Ditto 4 per Cent. Certificates
Cor.sols, M TWO O'CLOCK.
oney
_Ditto Account 921

TERRIFIC EXPLOSION AT THE MAGNETIC TELE-
GARPII COMPANY'S ()Elam—At a late hour last
night a loud and fearful explosion of gas took place at the
offices of the above company, 58, Threadneedle-street. The
housekeeper had entered a back room on the seoond floor,
burners,
and lit on of the gas when the accident took place,
causing very considerable damTabgeefie tor thebgar
d premises,e
attended,bu butthe
inmates escaped un njured.
the fire was extinguished beforeiotsNaGrnriEvasls.
CONGRESS THE ARCH/EOLOGICAL FOR 1863.
The Arel reological Institute of. Great Britain and
Ireland has decided upon holdinngettsefm;leatrignugistchiasmydeeaur,
at Rochester, under the Preside
&a. Professor
preside re-
yfeussoevr
Walter
Ynbit of the British Asso-
ciation Dean
of Chichester, and Lord Talbot de Ma aahrilideoosik•
sPectively in the section of architectuirie
dirsval antiquities. The meeting will
bveeg.
, hisituoryen, andthe
lastm e -
Tuesday in July, and will continue for a week.
u The fit mous Jecker,"says the tioUrriCl4 du Hat
nrie,
"is, it is said, at present in Paris, where he is occupie(l
drawing up a memorial in support of his claims against
the Mexican Government."
THE CoMMERCE OF NAPLES.—A despatch was
laid before Parliament yesterday on this subject,
dated January 29, from Mr. Bonham, Consul-General at
Naples. lie writes in consequence of having seen letters
signed " John P. Hennessy," to reiterate the statements he
had previously made with regard to the improvement
'within the last few years of the commerce of Naples, as
indicated by the number and tonnage of the ships entering
that port.
The Gorge Cruikshank Gallery at Exeter-hall
is now complete. The two hundred and forty-four fiames
contain over one hundred original drawings, sketches, and
the phaintings, and over one thousand of the proof etchings of
of
Bacch great artist, as well as his latest work—" The Worship
As,"

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