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

THE SUN, TLONDON; THURSDAY

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 premises of Sir Francis
L. Holyoake, Goodricke, Bart., at Wolver-
hampton, where business will be immediately
commenced, The directors are thus 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 £1,0u0,000, 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 ..
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 .. 7,889 7,663
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 £1,890. The Lancashire and
Yorkshire, however, shows a decrease of £546, and
the Northern of France of £2,140.

Two o'CLoac.

The Liverpool cotton market, being New-year's-
day, was virtually closed ; still a little business was
doing, and a more cheer tul tone prevails.
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 921 for money, at 92i t for the
Bth instant, and at 92t d for the February settle-
ment. The New Threes and Reduced remain firm,
at 92i ill. India Stock has advanced to 227 ex div.,
for the opening, and the 5 per Cent. ditto continues
at 1086 The 5 per Cent. Enfaced Paper is 105 k
and the 51 ditto 1121 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 32 328; and
Turkish Consolides to 411 ; ditto 6 per Cents.,
1858, are firm at 711 a ; ditto 1862, at 681 / ex
div. Venezuelan 3 per Cents. have improved to
231, 241, ex div.; and the New Loan Scrip to 11
dis. Sardinian have advanced to 83 ; Spanish 3
per Cents. to 541, ex div.; ditto Passive to 241;
and the Certificates to 91; Egyptian are heavy at
95; but Greek are buoyant at 161, and the COupons
at 71 ; Italian 5 per Cents. (Maremmana Railway
Loan) brought 741, ex div; and Grenada Bonds,
ex all, 121 a being steady ; Portuguese New Lean
is 461 ; and the Scrip 37, prem., without the divi-
dend in both instances ; Russian New Loan has
risen to 95 1.

The dealings in the Railway Share Market con-
tinued limited, but a firmer tone prevailed in prices.
Great Westerns and South Easterns improved 58.,
North British 10s., 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 171 ;
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 341 351; Alliance of London and Liverpool,
at 201 ; and Australian Agricultural, at 25t.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities 92b, 1
New 3 per Cent. Annuities
India Stock 227 ex d for opgi
Ditto 5 per Cent lO9l * 1
Ditte Enfaced Paper, 4 per Cent ..
Ditto 5 per Cent
Ditto 5f per Cent.
D ,i,i Bonds El.OOO —
Ditto under £I,OOO
Consols for Account 94 1
Exchequer Bills, £lOOO, 21 per Cent l3 9

FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 4i pea Cent., 1852-58-60
Buenos Ayres 6 per Cent
Ditto 1 per Cent. (Deferred 3 per Cent.) 381
Egpptian 7 per Cent 95 4;
Greek 5 per Cent., 1824-5, ex-Coup ms l6f i I I
Ditto Coupons
Italian 5 per Cect. (Maremmana Railway) 74f 4
Mexican 3 per Cent .....
Ditto Account 32i 2 i 2
New Granada 2 per Cent
Ditto ex over-due Coups. & Hectares 121 1
PAuvian 4i par Cent. ... , .....
Ditto 1862

Portuguese 3 per Cent., 1853
Ditto Account
Ditto 3 per Cent., 1862 46k 7 1 61
Ditto Scrip, £2O paid
Russian 5 per Cent., 1822, £ St 9Bl
Ditto 4i per Cent., 1850
_ _-

Ditto 5 Per Cent., 1882
Sardinian 5 per Cent.
Ditto Account.. B3
Spanish 3 per Cent
Ditto)Account. s4h
Ditto Passive
Spanish. Cert. of Coup not funded
Turkish 6 per Cent. 1854 —
Ditto Account .. 85
4ccourkue.nt. 1862
Ditto
-Ditto Account.
Ditto
6 Per ount..
681
Ditto
681
Venezuela, 3 pert Ce.tie. ........
nt
Ditto Account,
Ditto 6 per cent's:: iA .
r..
6... it (Scrip),
evrei Pp) a' y4as:l el) idnl I
London, (l is
DittoDltvpideernCdsenotn

THREE O'CLOCK.
Consols, Money ...................... 92i a
Ditto Account, Jan. 8 .............. 921 I

raSlilnwasty that_ morning.
eaptr
eAlljenu
tnaitei
vhe, oant
The ex-King of Greece. reeethe
Irthieenn29a,v7Dhoe cheamdbea
rrr,
vßeadr
be
yn

THE SOUTHERN FAlTH.—TheChttiOnti Exa-
miner of December 8 thus concludes an article on
President Lincoln's Message:--" The fact is, when the
Creator established the different races of men, He esta-
blished their position and adapted them to their places.
That which harmonises with the Creative will is happiness.
That which opposes it is discord and unhappiness. The
negro, from the time of Cainan, has occupied the position
of a servant. lie has been fitted for it by disposition and
instinct, and is therefore happy in it, and is not happy out
of it. In his place he is useful. Out of it he is a mere
savage ; and if out of it and in the bosom of a community
of the superior race he is a pest. It is the effort of the
Yankee States to dictate our institutions, and in so doing
to ruin us by attempting to amend a decree of the Creator
so as to make it suit their ideas, that has caused the present
troubles."

" Tne report," says the Independance," that the
Princess of Denmark, sister to the affianced bride of the
Prince of Wales, was to marry the Grand Duke, heir to the
throne of Russia, is now contradicted."

The Independance Belge says:—" We learn by
telegraph that after a sitting of the communal council of
Antwerp the burgomaster and 14 members of the council
have resigned.
A notice has been issued that an International
Agricultural Exhibition will take place at liamburgh
in
June, 156.3