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

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

There is still an active demand for money, and a
large amount of business will probably be transacted
during the week, owing to the preparations for the
4th and other liabilities.

A new provincial monetary establishment, bear-
ing the title of the Midland Counties Union Banking
Company was brought out yesterday evening. Its
nominal capital is to be £1,000,000 in £lOO shares,
and the first issue will consist of only 5,000 shares,
upon which £25 is to be called up. The objects of
the company is to facilitate commercial intercourse
between the metropolis and the Midland counties,
throughout which district-branches will be estab-
lished. The principal aim of the directors will be
to purchase the interests of existing private banks,
and in furtherance of that view they have already
secured on advantageous terms the old and valuable
banking connection and prem'ses of Sir Francis
L. Holyoake, Goodricke, Bart., at Wolver-
hampton, where business will be immediately
commenced, The directors are this placed in the
advantageous position of being enabled to hold out to
their shareholders the prospect of a dividend within
a short time after commencing operations. Nego-
tiations, it is stated, are also being carried out for the
purchase of other private banks in the district, and
the future prospects of the Company are, therefore,
highly encouraging. The management of the
bank's affairs will be entrusted to a London board,
which includes many gentlemen largely connected
with some of the principal metropolitan banks.
The prospectus of the Anglo-Portuguese Bank,
with a capital of £,1,0v0,000, has been recently
published. The increase in the trade between this
country and Portugal, and the further development
of the resources of the latter by its new rail-
ways, canals, &c., render the introduction of
another and larger banking house, conducted
upon the English system, almost a neces-
sity, while the efficient management of such
an establishment will no doubt form an ample
source of profit to its shareholders. In Lisbon
there is only one bank, and at Oporto three;
and the premium of the shares which these four
institutions command in the market is sufficient
proof of the remunerative character of this de-
scription of enterprise. The capital is to be raised
by 20,000 shares of £5O each, of which it is not
intended to call up more than £25.
The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1862. 1861.
Great Western
North-Western
South- Western
Brighton
Midland
South-Eastern 21,481 21,012
Great Northern
Lancashire and Yorkshire 32,363 32,909
Bristol and Exeter
Great Eastern
North-Eastern 41,936 39,932

Manchester, Sheffield, and Lincoln 14;437 14;208
Edinburgh and Glasgow
Glasgow and South-Western
Great Western of Canada 12,739 10,849
Northern of France 51,084 53,224
These returns are in most instances of a very satis-
factory character. On the Great Western there is
an increase of £3,841, on the North Western of
£9,666, on the South Western of £2,406, on the
Brighton of £1,406, on the Midland of £1,819, on
the South Eastern of £469, on the Great Northern
of £4,061, on the Great Eastern of £587, on the
North Eastern of £2,004, and on the Great
Western of Canada of £1,830. The Lancashire and
Yorkshire, however, shows a decrease of £546, and
the Northern of France of £2,140.

Two O'CLOCK.

There has been no increase of business to-day in
the market for Public Securities, but the few trans-
actions that have taken place to-day have aug-
mented rather than diminished the firmness of quo-
tations. The approach of the settlement will pro-
bably tend to induce greater quietude, as specula-
tors are disinclined to operate freely, while the
investing classes can scarcely be expected
to augment their operations until after the
payment of the dividends. Consols continue
firm at 922- for money, at 92a I for the
Bth instant, and at 92i for the February settle-
ment. The New Threes and Reduced remain firm,
at 921 t. India Stock has advanced to 227 ex div.,
for the opening, and the 5 per Cent. ditto continues
at 1081;. The 5 per Cent. Enfaced Paper is 1051 I,
and the 51 ditto 1121 I. The Bonds remain at 295.
premium, and Exchequer Bills are firm at 9s. to
13s. premium.

There is a fair amount of business in the Foreign
Market, and prices exhibit very little alteration.
Mexican, however, have receded to 32 32Z ; and
Turkish Consolides to 411 g ; ditto 6 per Cents.,
1858, are firm at 711 a; ditto 1862, at 681 ex
div. Venezuelan 3 per Cents. have improved to
231, 24k, ex div.; and the New Loan Scrip to 11
die. Sardinian have advanced to 83 ; Spanish 3
per Cents. to 54/, ex div.; ditto Passive to 24k;
and the Certificates to 91 ; Egyptian are heavy at
95; but Greek are buoyant at 16k, and the Coupons
at 7/ ; Italian 5 per Cents. (Maremmana Railway
Loan) brought 74/, ex div; and Greanda Bonds,
ex all, 121 1- being steady; Portuguese New Loan
is 461 ; and the Scrip 31 prem., without the divi-
dend in both instances; Russian New Loan has
risen to 95 _ _

The dealings in the Railway Share Market con-
tinued limited, but a firmer tone prevailed in prices.
Great Westerns and South Easterns improved 55.,
North British 101., and North Westerns 155.; Lon-
don and Brightons, however, have declined 10s.
The foreign and colonial undertakings are a
shade firmer, Dutch Rhenish being dealt in 17a- ;
Ottoman, at 121-; East Indian, at 107 to 1071 ; and
Great Indian Peninsula, at 106.
Joint-Stock Bank and Miscellaneous shares gene-
rally maintain previous quotations. Ottoman Bank
realise 34a 35Z ; Allianceof London and Liverpool,
at 20i ; and Australian Agricultural, at 251.

BRITISH POSSESSIONS.
1 Closing
Share! gailways Paid.fi Price. Business done
100 Atlantic &St Lawrence all 67 69
itt 1 Bom.,Baroda&C,entlnd
100 104 105 xn
Gu. 5 per Cent........
20 Do. New
201 Buffalo and Lake Huron all 5./ 51
10 Do. Preference .t•• • • all 8 81
100 I Buffalo,Brant,&Godrich
100 77 so
6 p. Ct. bds. Aug. 1, 1872
100 Do. do. July 1, 1873 100 75 78
100 Do. do. June 1, 1874 100 72 75 75
st Cleutta.NS.Eastn. (Lir ) 100 104 105 xn
st Cape Town ,16 Dock Scril 100 108 109
Stock Eastn. Bengal gu. sp. C 100 1041 105 i; xn
stock East Indian, gu. sp. c. 100 106 k 1671' 1071 7 1 xn
20 Do. do. G Ext... • • 5 1 lip xn
20 Do. do. II do. • • 2 1 ip xn
stock Grand Trunk of Canada 100 22 221
100 Do. 6 per cent. Pref.. all 74 76 75
100 Do. 2d Pref. 6 per ct.. all 64 66
100 Do. 6 per ct. Debentr. all 35 87 35
100 Do. 7 percent. 1862 .. all 48 52
100 Do. do. 1867 . • all 34 86
100 Do. do. 1872.. all 34 36
stock Gt.lndiaPenln.gua.sp.o 100 105 106 106 xn
20 Do. New gua. sp.c. • • 12 1 lip
20 Do. January, 1862 • • 4 i lip. 5 xn
stock iGt. South.of I ndia (Lim
I guaranteed 5 per cent. 100 103 104
201 Gt. W. of Canada Sharer- all 13 131 131
201 Do. New
100 Do. 6 p.c. '73 wlth't opt. all 99 101 10
100 Do. 51 p. c. do. '77-8.... all 90 92
10 Indian Branch Limited t id ip 2
stock Madras guar., sp.c. .. 100 103 tut 104 xn
stock Do. 41 p. c. Extensioi. 100 97 9p
stock Dc. 4+ d 0.... _.. 100 13 , 5
20 Do. Fifth Extension. 2 21 xn
stock Melb.Coru. op. o. Bnds. 100
50 Melb. & Hobson's Bay. all 51 53
100 Do. 7p. c. along. Bds. all
20 New Brunswick zt Cand,
Class A Capital Share all 3 6
20 Do. do. B Capital d 0... all 3 c
N.Rl.C'daG pc Ist )1 bds 100 83 65
stock Scinde ......... (100 1( 4 106
et Do. Delhi
t Do. do c• E. 2 &1 p 2/ xn
20 Do. Punjaub .... i( Li . 15 l I P
et Do. Do. - ...... , a.,1; , 110 103 104
stock Do. In dus.St. Flo.) 100 99 101 xn