The Sun.
London, England, 1863-01-23 00:00:00

MON E Y MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

There is not the slightest increase in the general
inquiry for discount accommodation, the mercantile
requirements being still very moderate. Some
effect is produced by subscriptions to the new com-
panies, but as the available suppiies are largely in
excess of the total demand, the rates remain with-
out any material change. The average charge for
first class bills is 31 per cent., but some choice de-
scriptions of short-dated paper can be negotiated
at 31, per cent.
The Bank of England return for the week ending
Wednesday last exhibits some importantalterat ions,
as will be seen by the annexed analysis :
.ietivoi Circulation .. £20,172,010
Decrease .. • . •• 114,796
Bullion• 13,8.55,849
Decrease .. .. .. • • 246,320
-Rest .. 3,229,981

Increase 35,098
Public Deposits 4,965,798
Increase .. 685,068
Other Deposits.. .. .. 14,993,225
Decrease .. 1,779,557
Seven Day and other Bills 724,921
Decrease 7,123
Government Securities 10,736,148
Decrease .. 135,200

Other Securities .. 19,393,938
Decrease .. 802,789
Notes Unemployed .. 7,433,355
Decrease .. 168,015

During the last few days there his been rather
less activity in the Foreign and Colonial Produce
Markets. Tea, at public sale, however, has main-
tained previous prices. Sugars, in some instances,
have been a shade cheaper, but good and fine quali-
ties of coffee have brought enhanced prices. Rice,
fruit, cocoa, and spices have remained without any
material change as regards values. Tallow has
been rather inactive, but quotations were generally
firm for both present and forward delivery.

Two o'CLocK.

There has been no alteration in the condition of
the market for the English Funds, the dealings
having been conducted upon the reduced scale
recently experienced. Consols have remained
at 921 8 for money, and 92a a for the account.
The New 3 per Cents. and the Reduced are sup-
ported at 921 d ; Exchequer Bills remain at 4s. to
Bs. prem. ; India 5 per Cent. Loan is fiat at 1081 fr.
An upward movement has been perceptible in
the Foreign Market, and business has been mode-
rately active. Turkish 6 per Cents., 1854, are.
buoyant at 85 86 ; do., 1858, at 701 71; do., 1862,
at 661 67; and the Consolides, 401 1; Egyptian
have improved to 961 971 ; do., 2d issue, 96/ 97 ;
Greek are supported at 161 j ; Mexican, 321 ;
Moorish, 97 ; Peruvian New Loan is flat at 871 ;
Portuguese, do., at 46! ; Russian, do., at 95/ 96;
Spanish Passive, 244 ; and Venezuelan New Loan,
60i.
Business in the Railway Share Market continued
moderately active; and several of the principal lines
experienced a decided improvement. South Eastern
advanced £l, and London, Chatham, and Dover,
£2 10s. Owing to arrangements having been
effected between these companies Great Easterns
and Great Northerns improved 55., and Metropo-
litan £l. London and Brighton, however, de-
clined £l.
The Foreign and Colonial lines were without
material alteration ; South Austrian and Lom-
bardo-Venetian, however, receded to 231,
Joint Stock Bank and Miscellaneous Shares
remained at steady quotations.

BRITISH FUNDS—ONE O'CLOCK.
2 per Cent. Reduced Annuities
3 per Cent. Consols Annuities 921 ±
New 3 per Cent. Annuities
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885. 151
India Stock 227
Ditto 5 per Cent lOBl 1
Ditto Debentures, 4 per Ct., Oct., 1863
Ditto ditto April, 1864 100/
Ditto ditto Aug. 1864 or 66 1001
Exchequer Bills, £lOOO, 21 per Cent 4 7
Ditto £5OO
Ditto Small 8
FOREIGN FUNDS—ONE O'CLOCK.
Egpptian. 7 per Cent 964 71
-Ditto, Second Issue .. 96 7.6/
Greek 5 per Cent., 1824-6, ex-Coupms.. 161 1
Mexican 3 per Cent
Ditto Account 32i
Moorish Imperial 5 per Cent
New Granada 2 per Cent 2B
Ditto Land Warrants - • bi i
Peruvian 41 per Cent.
Ditto. 1862
Ditto Account.
Portuguese 3 per Cent., 1853
Ditto 1862 461
Ditto Scrip, £25 paid 2l pm
Russian 6 per Cent., 1822, £ St. ,
Ditto 4i, per Cent., 1850
Ditto 5 per Cent. 1862
Ditto Scrip, £56 Bs. paid ll pm
Spanish 3 per Cent
Ditto Passive
Turkish 6 per Cent. 1854 B5l 6
Ditto 6 per Cent. 1858
...
7-1 70/
Ditto Account.
Ditto 6 per Cent. 1862
Ditto Account.. - 661

Ditto Guaranteed, 4 per Cent 101
Venezuela, 3 per Cent
Ditto 6 per Cent., 1862
Dividends on the above payable in London.
Belgian 41. per Cent., En. 25f 651
Dutch 2i per Cent., En. 12 Guil
Ditto 4 per Cent. Certificates
TWO O'CLOCK.
Consols, Money
fr
Ditto Account 94 I

In reference to Earl Russell's proposal to afford
the Pope a sure asylum at Malta the Opinion Na-
tionale affirms it to be of ancient date, and brings forward
proofs of the assertion. On the 10th June, 1704, it de-
clares, Cardinal de Bernie wrote as follows to Mgr. de
Conzie, Bishop of Arras, then a refugee at London .
His Holiness was much affected at the sentiments which
your Grace has conveyed to him and for which he is exceed •
ingly grateful. The Pope requests you to mention to Mr.
Pitt all his requirements." Cardinal Bernetti relates in a
detailed and positive manner that the plan of taking the
Holy Father either to Sicily or to Malta had been arranged
by the agents of Pius VII. in concert with the Prince
Regent, and. that his Holiness had consented to it. Earl
Bussell's idea therefore, the Opinion Nationale declares,
would seem to have been borrowed from a preceding

' period.
STEAM SHIPBUILDING ON THE CLYDE,—The
Clyde builders of steam shipping eontinue well em.
ployed, • Messrs. Henderson, Coulborn, and Co.—to notice a
few recent launches—have completed the Alexandra, a
screw of 50C tons, now being fitted with a pair of diagonal
oscillating cylinders of 80-horse power, and intended for the
Australian coasting trade. Messrs. Blackwood and (3 or-
don, of Port Glasgow, have launched a screw of 270 tons,
which is now receiving her machinery. Messrs. W. Denny
and Brothers, of Dumbarton, have launched a screw of 700
tons, which has received the name of the Virginian, and
which has been fitted this week with engines of 200 horse-
power. Messrs. Denny have on hand two fine iron-screw
steamers for the Spanish Royal Mail Company ; each of
these vessels will be 1,900 tons' burden. Several smaller
vessels are also in progress in Messrs. Denny's yard.
Messrs. Henderson, Coulborn, and Co. have three steamers
on the stocks of tonnages ranging from 500 to 700 tons.
Messrs. Blackwood and Gordon are building a paddle of
410 tons, and a screw of 515 tons for the Clyde Shipping
Company, a screw of 720 tons for the Limerick Steam Na-
vigation Company, another vessel for Australia, &c. The
operations of other Clyde builders will be dealt with in
future paragraphs.
REDUCTION OF OMNIBUS FARES AND ALTERA-
TION IN THE ROUTE.—Yesterday warning the pro-
prietors of the omnibuses running between Paddington and
the City, reduced the fares of passengers proceeding to or
returning from the City from 4d. to 3d. and from 3d to 2d.,
according to distance ; and on the arrival of trains at the
Farringdon-street terminus, omnibuses run to the Bank at
ld. each passenger, and to London-bridge terminus 2d. each
passenger. •
COTTON YARNS AND PIECE GOODS.—The exports
of cotton yarns were 91,500,0001b5. in 1862, against
178,000,0001b5. in 1861, and 197,000,0001ba. in 1860. The
declared value will be about £6,000,000 in 1862, against
£9,300,000 in 1861, and £10,000,000 in 1860. These figures
show, as regards quantities, a per centage decrease of 49
per cent. on 1861, and of 54 per cent. upon 1860 ; and, as
regards value, a per centage decrease of 351 per cent. upon
1861, and of 40 per cent. upon 1860. The quantities of cot-
ton piece goods exported in 1862 will amount to about 1,665
million yards, against 2,560 million yards in 1861, and 2,776
million yards in 1860. The declared value will be about
£28,100,0')0 in 1862, against £36,090,000 in 1861, and
£40;346,000 in 1860. These figures will show, as regards
quantities, a per centage decrease of 35 per cent. upon 1861,
and of 40 per cent, upon 1860 ; and, as-regards value, of 23
per cent. upon 1861, and of 30 per cent. upon 1860,
The Press of Vienna makes the following strange
statement :—" Negotiations are still in progress for
founding a new bank on the model of the English joint-
stock ones. At the head of the promoters of this project
are Lord Fermoy and 4r. Roebuck. This scheme is con-
nected with the pan of a new Transylvanian railway. Mr.
Roebuck has left for London, in consequence of a despatch
from Loid Palmerston offering him a post in the Ministry."