The Sun.
London, England, 1863-02-04 00:00:00

XONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
Owing to the liquidation of bills due to-day, the
4th of the month, the demand for money has been 1.1
rather more animated, but the market nevertheless ;
retains a quiet appearance. Accommodation is ob- 2,
tainable on lower terms in discount circles than at 1,
the Bank of England, and it is probable that the
return which will appear to-morrow afternoon from
that establishment will show a falling off in other 5
becurities.
The Continental Exchanges, yesterday afternoon, 88

exhibited no material alteration.
At the forthcoming meeting of the Electric and
International Telegraph Comp aiy a dividend of
31 per cent. for the half-year will be proposed.
Gold is now of about the same value in London
and Paris, but about 6-10ths per cent. dearer here
than in Hamburg.

The suspension has been announced of Messrs.
G. W. Reynolds and Co., steel manufacturers, oft he
Manchester Works, Smethwick and Birmingham. 5(
The liabilities are estimated at £30,000, but the
assets are presumed to be considerable.
The directors of the Thackwall Railway recom- 5s
mend a dividend at the rate of 4 per cent, against e
34 per cent. last year.

Notice has been given that the Scrip of the Peru- :1
Tian Loan of 1862 can be exchanged for Bonds on
and after the 10th inst. 21

Two o'CLocK.
The third annual general meeting of the Ocean
Marine Insurance Company was held to-day,—Mr. t.
J. W. Cater in the chair. The report stated that,
after making provision for the final liquidation of s
the preliminai y expenses, and after payment of all
claims, losses, &c., to Dec. 31, 1862, a balance of
£189,287 remained, from which the directors recom-
mended that a sum of £10,005 be paid to the pro-
prietors as interest on the paid-up capital,
at the rate of five per cent. per annum,
and that the balance (£179.287) ne carried forward
against the current risks, &c. The chairman, in
moving the adoption of the report, stated that the
company had made extraordinary progress since its
establishment. The total risks taken during the
past year amounted to £22,000,000, which was an F
increase of £10,000,000 upon last year, and of
£13,000,000 upon 1860. In 1860 the premiums
had averaged 365. 3d. per cent.; in 1861, 335. 2d.
per cent.; and for the past year, 28s. per cent. The
report was unanimously adopted, and the number
of directors increased from 16 to 18.

Inereased firmness has been apparent to-day in tic
the Market for the English Funds, owing to the at
more favourable tendency of the specie movement <
and the prospect of money getting easier if the
vi
stock of bullion at the Bank of England should in- I(
crease. Consols have risen per cent., viz., to 92/ f
for transfer, and to 92k t for March. The New
Three per Cents. and the Reduced are firmer at ea
929 1; Exchequer Bills remain at 4s. dis. to par ;
Bank Stock is 236 ; India do., 228 and 230 ; and „t('
do. 5 per Cent. Loan, 108 -I.

In the Foreign department the moat conspicuous it
movement has been the further rise in Greek Bonds,
viz., to 221 ; and the Coupons to 10/ 4 ; Egyptian It
are buoyant at 991 ; ditto 2d issue, at 981 1; Mexi- a ;
can Stock has improved to 338 ; Peruvian New et
Loan to 88k; Portuguese ditto 47 ; Russian ditto
95 ; Spanish Passive have advanced to 279 1 ; ditto
Certificates to 10 1 ; Turkish 6 per Cents., 1854, Li,
to 87 88; ditto 1858, 72 I ; (Liao, 186 684 ; and
st;
the Consolides, 411 1, being rather depressed.
In the Railway Share Market the operations Sti
were to an average extent, but a farther downward et:
movement took place in prices. London and Black-
wall have declined 55.; Great Westerns, London,
Chatham, and Dover, North Western, South
We,tern, and Metropolitan, 10s.; and Midlands,
and Great Northern A Stock, £1 10s. ; Caledonians
and Great Easterns, however, improved 55.., and
South Eisterns 15s. 41.

The Foreign and Colonial lines have remained
without any material change in values. South
Austrian and Lombardo-V,netian realise 231;
Great Western of Canada, 13; and East Indian,
1061.
Joint Stock Bank and Miscellaneous Shares
generally uaintained previous rates Ottoman
Bank improved to 38 end 39 ; Union of Lon
don, to 321 33. and South Australian Land, to 30*
31 ex div.

BRITISH. FUNDS—ONE O'CLOCK.
Bank Stock . ........... 236
.........
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities ..
92$ f
New 3 per Cent. Annuities
India Stock
8 30
...
1
Otto 5 per Cent..........
Ditto Enfaced Paper, 4 per Cent OB
--
1
Ditto 5 per Cent
D bonds ti,;l4,i) 9
Ditto wider £l,000
Consols for Account, Feb. 5
Exchequer Bills, £lOOO, 21 per Cent 4 dis par
4 dis par
Ditto £5OO
Ditto Small
4 dis par
FOREIGN FUNDS—ONE O'CLOCK.
b9k
Egpptian 7 pet Cent
51
Ditto, Second Issue
Greek 5 per Cent.) 1824-5, ex-Coup ms..
211 21
i a k
Ditto Coupons .g t 101 ....
Mexican 3 per Cent . ... . .
.
1 a
(tltt, Account
New Granada 2 per Cent
3
Ditto Land Warrants
Ditto ex over-due Coups, & Hectares 13}
Ditto Deferred, Ex Hectares
P.,ruvian 4£ per Cent
Ditto 1862
Ditto Account
Portuguese 3 per Cent., 1853
Ditto 1862.. .... 473 7
........
47
.....
Russian 5 per Cent., 1822 £ St
Ditto 5 per Cent. 1862 ~ .....•
...▪
.
Spanish 3 per Cent
.
Ditto Account,
Ditto New Deferred -
Ditto Account....
Ditto Passive
Spanish Cert. of Coup not funded • 101
Turkish 6 per Cent. 1854
Ditto APeount..
Ditto 6 per Cent. 1858
t
Ditto Account 72 2
Ditto, £lOO Bonds 74
Ditto 6 per Cent. 1802
Ditto Account 6Bl i
Venezuela, 3 per Cent
Ditto Ar

i.ccount ....
Ditto 6 per Cent., 1862
Dividends on the above payable in London.
TWO O'CLOCK.
Corosols, Money
92
Ditto Account 92a