The Sun.
London, England, 1857-12-23 00:00:00

•
THE OTTOMAN BAAK.

TO THE EDITOR OT THE SUN.
Stn,—The only investment which hal not taken a rise
in 0- mi-:equence of the improved general and monetary
o. a
f tire is the Ottoman Bank, with limited
',ability. r•
chIS arisei from the directors studiously
secret the enormously largo and productive
bank is doing. It is their duty, as
they did before,
.at the suggestion of the Times news-
paper, when
.their stock was similarly depressed, to
publish to their shareholders the true and, I believe,
flourishing condition of their affairs.
Your obedient servant, A. W.
London, 21st December, 1857.

---
It is understood that at a meeting hel 1 yesterday
of ernoon of the Committee of Joint-Stock Banks
wag unanimously agreed to recommend to their respeo-
lit e boards to reduce the rate of interest on deposits
to 6 per cent. per annum, and that the measure now
only awaits formal confirmation on the part of each
establishment to be forthwith acted upon.

Irnimr.•••••••••...A.••••••••.r•
.r...........
MONEY MARKET SHARE MARKETS-(This Day.)
-4,--.
RAILWAYS.
AIM
closing rr.0.,., Business done
COMMERCIAL INTELLIGENCE. Bhr. Paid RAILWAYS. yesterlay. this day.
124 10 imbg. Nottng. Bost.
CITY, Two o'Cnocs. Is Eastn. June._ .. 41 - .4
The Liverpool Cotton Market yesterday mani- 50 all qelfast & Ballymena 8 - 81
131 all qtrmng. Wolverh &
tested a firm appearance, and the valises of most
Stour Valley .6- 70
descriptions advanced fully id. per lb. The sales st, 10) n rkonhd. Lanesh &
were estimated at 5,000 bales, 1,500 of which were Cheshire Juliet ... - ...
25 all Blackburn . I 9i - 91
taken by the speculators. The Railway Share 25 all Blyth & Tyne original
Market closed steadily, and prices are a shade £25 (iss. at £l5) ..• - ...
St. 100 Bristol & Exeter.- Si - 88 87
higher. St. 100 Caledonian Bl - 82 811 2
Although there has b'en a favourable subsidence st. 100 mester di Holyhead 33 •-• 35 31
of commercial failures, the exciting terms of dis- 50 all Cork and Bandon 7 - 9
20 all Cork, Black. & Pass ••• - •••
count and the injurious influence of recent events 20 all Cornwall 4 - 6
are still producing a good deal of distress, and 10 all Da. A •.. - ...
numerous small houses are compelled to appeal to 1,3 4g DaDbllnß&BelfastJunc •••••• --
.....,
the consideration of their creditors. A large 25 all Dun. P. &Aber.Junc 8 - Bi,
number suspend, which the public are S2to. 100 East
Eastern,knioaunnt.ie.s.***** 15q = Ni 1:1
never informed about, the amounts in- St. 100 EasternUnion,A.stk. 40 - 44
volved, although, in the aggregate, extensive, St. 1.00 Do., do. B. ......
being individually unimportant. It is thought 25 84 Do. New A l7 - ••
25 171 East Kent • • - 18
that the list, so far as large firms are concerned, st. 100 East Lancashire 9l
- - 93 921
is pretty nearly complete, but during the next few 20 I'l,l EaDstoSuffolk
.... ..:.•
months occasional instances of stoppage will, no St. 100 Edinburgh & Glasgow 60 - 62 61 2
doubt, be recorded. Three were announced yester- 10 all
st• 100 Edin.nlb)...prtanhd PaeDebulnesd.ee iii - iii
291 4
day, viz.. •Messrs. Lloyd Brothers, picture dealers 19 all Forth and ClydeJunc ... - ...
and exporters ; Messrs. C. Nicholson and Co. St. 100 Furness '
. . - •••
William
w .Western 89 - 91 904
warehousemen, both of London, and Mr. .n.
au 100
Groat
N. of Scotland 94 - 104
Reid, wholesale grocer, of Edinburgh, with liabili- St. 100 Great Northern 97 - 974 971 7
ties estimated at 20,0001. or 30,000/. st. 100 Do., A. Stock
St. !WO Do., B. Stock 122 - 123
A meeting of the creditors of Messrs. E. St. 'lOO Gt. Sth.dzWest.(lre) 96 - 98 971
Sieveking and Co., has been held to-day, and the 5t.11.00 Great Western.
St. 1.00 Do. Str.V.R. gua.St 53 - 62
following balance-sheet was presented :- 12 ' all Irish South-Eastern. ••• - 1
•••
i DR. 5C , all Lancaster &Carlisle. 76 - 79 76
To sundry creditors-as per statement £77,229 310 161 1411 Do., Thirds .71 - 81;
To sundry creditors partially secured, as 16-1 12 Do. New Thirds .... 7 - 84:
£lB,OOO 0 0
per statement St. 100 Lancash. &Yorkshire 931 - 031 93i 1 i
Less estimated value of 16 ! 6 Do., do. F £l6 ... i -
security - ...
------2,133 19 1 20 all Do. Southport....... ••• - •••
To sundry creditors fully secured- 114, all Union & Blackwell 5i - 6
Amount of claims - 106 105 1 1
Value of security - 964 961 7 64 1 i
20 1 all Do. Fifths - •••
Surplus taken per contra... 2,029 10 10 10 all Do., 10/•Sh.,M&B 0 ... - •••
-- - 1211 5 Do. Eighths 1 d - 1'
Ito liabilities on acceptances, St. 100 London & S.Weatern 93 - 94 94 34 3 4
. as per list..., .•
454,690 2 4 - 25 all Lndndrry.&Coleraine ... - .
Of which itisexpected claims will arise on 125,014 1 25 all Lndndrry. & Ennisk. • - •••, „„ w
r,
'
To liabilities on bills receivable, as per St. 100 Manch.Shef.&Lincln. 39 - 39:1 00z
statement 348,956 12 0 10 1 1 Metropolitan ........ ••• - -
Of which those reckoned 10 1 Do. J. L. Ricardo's
as bad and claimable on arrangement ...... ••• - - ooi ..
us amount to 57,110 4 8 St. 'lOO Midland . .•. .. 831 -89 89 i 1
- 64 63
Deduct securities in the St. 103 Do.Birming.&Derk- 63
hands of holders, as per 50 all Midland G. West(lr.) ••• - •••
statement - •••
- - 53,988 1 1 100 all Newcastle &C,arlisle.. ••• - ...
- ----- 25 all Newpt•Aberg.&Flrfd 12 - 13
£258,365 5 4 50 9 Newry & Enniskillen ••• - -
Ca. 20 I all Newry, Warrenpoint
9By bills receivable on band, as per list- & Rostrevor •
5•• -
61
- •••
Considered good £26,191 15 2 St. 100 Norfolk.
Doubtful. ..... 29,041 3 6 . 50 ' 31 Northn. Counties Un 31 - 345
Eltimated at - 503 50 491
f -----£28,191 15 2 St. 100 North Devon, Rail. da
By tanclry debtors, as per list- Dock Stock ..• - •••
Considered good 56,900 13 1 St. 100 Do., A Stock ......... ... - •••
si ~ being repre- St. 100 Do., B Stock .... ..... ••• - •••
sented by merchandise on St. 100 N.Eastern-Berwick 95 - 96 951 I
band, as per statement - •.•
Doubtful ... £21,810 1 3 25 161 Do do. G.N.E.Purch. -21 •••• 11
Estimated at - 521 521 2
I
Bad £7,667 2 7 St 100 IDo. York B3 - 84 834
-- --112,895 17 1 St. 100 North London 9O - 93
By surplus securities in bands of creditors... 2,029 10 10 10 31.1 N. &S. Wstn., Hamp
----- stead, and City Jn.. 8 - 9
£143,117 3 1 20 171 North Staffordshire.. 34 - 34 14 13$
The partners' capital at the commencement of the 20. alll
NNortsiths.Wweesstterurn..
Western...,....
c* . g . ---
9
year was 72,000/., and the losses since October St. :100 Oxford Worcester &
have been 206,603/. ls. 3d. It was resolved that 20
the estatelo should be wound up under inspection, for 16
PWolioslveorubtahmpton
104 =
831 i 301
10 Rhymneym - •••
which purpose two of the creditors were appointed St. 100 Scottish Central - 106
....4I
St. 100 ,Scot. N.E. Ahrdn. St 23 - 24 2
a committee. St. 100 Shropshire Union ... 46 - 48 471
A slight decline was apparent on the Paris 10 ' 6 Sitingbourne &Sheer.
343 -._ g 5.
Bourse yesterday, the 3 per Cents. having closed at ra,. 100 South Routh Eastern Dev0n........, 6fq - 694 681 94
07.60 for money, and 67.75 for the end of the 10 all Do. 41 per . Shares ... - •.•
month. St. 100 South Wales 7Bl - 791 a d
20 all S. Yorksh. River Dun 12 -11
A large Amount of gold was sold to the Bank 20 10 Do.. - 6 d
yesterday, viz., about 210,000/. 20 all Staines,Wok.,&Wok 9 - 11
25 all Stockton & Darling 35 - 37
The Money Market is without any alteration of 25 15 Do. do., 1854 - •••
importance. In Lombard-street discount accom- 25 5
sD Do.
drilasrtlepl .... -- ..::
modation is still obtainable at lower quotations, iv:. 110V,Ttaff Vale.... - ..•
and long dated bills of good quality are easy of ne- st. 100 Do. Prof., Nobliii :.. - ...
gociation. The supply is in excess of the demand, 25 a 212.1 ; Thames
ralo Ne a t*li ...... - 29 A 191
and the bill-brokers evince greater willingness to dis- 20 all IWaterfd. & Kilkenny ... - ~."
count long dated paper. After Christmas the inquiry 50
20 all
virWeastterefooridndivrLalmi crick ..... - ...
all
will probably become active, a larger amount of 10 all West End of London* * - ***
capital being required for the liquida' ion of annual I and Crystal Palace 7 - 9
and quarterly accounts, besides the bills which fall due 5 all , Do. A -3?.,
51 - 6
on the 4th proximo. The effect, however, may be 20 aallii 1 DWe:t. B
London
only temporary, and the money market will no • - •••
10 all Do. First Class
2 100
.ali
11 ,
wDo • • - •••
doubt gradually become easy, the tendency beingblSeedcoonn&dCroCla;tl; ... - ...
already strongly in that direction. •
BRITISH POSSESSIONS
The market for English Securities has been rather
100 all Atian. and St. Law. ... ..-- ...
variable to-day, and a moderate business has been
1.8 9 Bombay, Baroda, and
done. At first there was a slight improvement, but ; Cen.lnd,guar. 5 p.c. 4 - 1
Upon the re-appearance of sellers the quotations
gi all
Buffalo & Lake Hui.. **6l -- Eid
again became rather heavy, the decline amounting 100 100 IBuff., Brut. & Godch. }so - 85
to i per cent. When it became known, however, 100 100 61.0c.bddos:,11
JAuu1yg.,,:73721
75 -
80
that Lucknow was relieved, buyers again came
100 100 Do. d 0.., 1 June,'74l 75 - 80
forward and a partial recovery in prices ensued. 20 2s.lCalcutta and East. ... --__ ... 1
Consols after being 931 4 declined to 92i 93, and 20 2istd coyntornal
AOusheares (Lim.) ii
.... ii,,
24
the latest value is 93 to 93. The news from 20 1 Do. B. do. ........... ... - ...
12.704 all, Demerara.
Eastern
Indian
Bengal
India having imparted an improved tenet° business.... - •••
The New Three per Cents. are 931 4 ; the Re- st. 100 i - 1 I
1094 - 1104 110
duced, 934 ; and Bank Stock, 217 2174. Exche- 120 15 Do. C Shares ll -11 p 164
00 all Do. 41 p.c.Bnds. '57 -.- ...
quer Bills are 4s. to ls. dis. ; do. Bonds (1859), 98 ; 100 all Do. do. do '59 'do - •••
and Long Annuities (1885), 17 546 7-16. 20 all Geelong & Melbourne
Foreign Stocks are quiet and quotations are i guar. 5 per cent .. 18 - 19
St. 100 Gd. Trunk. of Canada* 434 - 45 , 441 5 31
higher. Turkish 6 per Cents. are 95f 1 ; Mexican 100 all , Do. 6p. c. Deben BO - 81 I 831 3 2
3 per Cents. 194 ; Peruvian 44 per Cents. 765 ; 20, 9.1. !CD7t. In. Pen. g. 5 per c 214 - 211: 211
Sardinian 5 per Cents., 851; Spanish New De- ZU
20 all Gt.. Wewst.nroaf oanaP.(cla.' 19 - Pirii 114 i
ferred 26 ; Venezuela 11 per Cents. 291 ; and 204 10.11 Do. New ,ll -31 d 114 $l4
Dutch 24 per Cents. 645. 100 all ID o. Bds., payable '57 - ...
100 all I Do. do., '76, p. '6O 103, - 108
The following are the nominal prices of Foreign 100 all Do.' do., '73, do. -03 - 108
Stocks :-Grenada Deferred Bonds, 56 ; Mexi- 100 all IDoo. dtioa'73, without'
100
can, 191 194 ; Peruvian 45 per Cents., 75 20 all ,Madras, guar. 41 p.c.' 184 --
17261
77 ; ditto 3 per Cents., 51 53 ; Portuguese 3 per 20. ii,l,:; Do.
Do do.,
4 5 per
E et:o-1 21 - 214'
Cents., 43 44 ; Russian 5 per Cents, 105 107 ; 2°
20 5 I Do.. 34(11:.xe,*g. Eaten.
3 --
i pd , 51
do. 44 per Cents., 96 98 ; Spanish 3 per Cents., 20 5 Do. 4th Ex.., do, ' / - Ip' 54
414 42 ; ditto Deferred, 251 26. 20 ss. Oude (Limited)
20 5 Scinde, guar. 5 pore 2 ] - 2ip $ 4
The Railway Share Market has been depressed, 20 all Do ... - ... I
and the few dealings reported have in most in- -
stances exhibited a decline of about Ito 4 per cent. _. FOREIGN.
on former rates. Caledonian, North-Western, and 100 allsl AA orren p&s Rotterdam ' 64 - 64 64
Midland, receded ss. ; Great Northern, Lau- 5 all Belgian East. Junct. *i. --
lit 14
: ' cashire and Yorkshire, North British, Oxford, 20 16 Bezi ers to Graissessac ..„ - ...
Worcester, and Wolverhampton, and South- 6 all Ccaronaleal‘itixn&esTaonudloßusye 3
.....
411
Ea,tern, 10s. ; and Brighton and South Western, 20 12 Dutch Rhenish - 4,a 81
20 allall F..).soter• ii4loowf France
15s. ;• Great Western, and Manchester, Sheffield,
and Lincoln have advanced 10s. The Foreign lines 20 2s, Euphrates Valley -
.::
• are also at slightly reduced rates. Great Luxem- 20 18 l
lat. Central of France .._._ - ...
Bourg, Lombardo-Venetian
, Namur and Liege, and 20
al,
GI
tract ~ttnL
Juuxnh r a Luxe .
cu;
nu r g . . .
.7. 74 74 4
Pernambuco, have declined ss. The Colonial lines 20 all Lake Const. & Bale .. -
-- •••
are steady. East Indian, Grand Trunk of Canada,
20 alel, ILoaie ribavaridaodlTrazieiltaioannt la. - . .
d
4i 11
and Great Western of Canada, realised about for- 5 all Luecam dr Pi- st.sp.c.j ,.- ..
mer rates. 20 all Lyons and Geneva • iii - 27 ,
20 all Lyons & Mediterran. ... - ...
Mines, Banks, and Miscellaneous Shares show 331 all Maria Antenia - - •••
little variation in value. The transactions re- 10 all Do. New . ••8 •
8
20 all Namur & •
Liege - 11
ported on them being unimportant. 20 all Do. do. 6p. c. Pref l9l - 20
16 all Northern of Franco 374 - 38 38
10 all NorwegianTrtik.Pref 8 - 9
BRITISH FUNDS.-CLOSING PRICES-THIS DAY. 20 all Paris and Lyons 33/ -34 31
20 all Paris and Orleans 52 .- 54
(From lice Officsal List:)
nusinessdoce. 20 7 Recife & San Fran ,
- 16
Sank Stock
14 --- - 8 P 94 i 9
3 3er Cent. Reduced xneuittee
..: -;
Now 3 per Cent. Annuities 934 Hi* 20 all Royal Danish ........ . -
4
Lcc;_, Annuities, expire sth Jan. 1860 2 1-16 5 all Royal Swedish i
20 all Sambre and Meuse 7 - .2ig 1
Ditto 30 Years, expire sth April, 1885... 17 5.16
Do. 54 per cent. prof. 7 - 8
on_ sots for Account
= 20 all Southern of France.. 21; -- 22 22 1$
Er,hsoner Hills, 20.
12 81 all West Flanders 4l •-• 544
81000 ON ••• 1 d 4 d
oou . par 4 d 10 all Do. 54 per c. Prof... 81 - 9
"74111 S -nail .... - 274
A,...E.
, Fxchequer Bonds, 1858, 31 per Cent , - 20 6 Western, of Austria._ ... - •••
‘.. Ditto, 1859 - •••
6 all Wiestaden
PRICES OF FOREIGN FUNDS-THIS DAY. 6 all \ Do. Bp. cent. pret, ... -- ••
.173 20 all Zealand
••• .".". •• •

(From the Officsal List.)
Bushieesdons.
Ila.nk Stock
3 3er Vent. Reduced Annuities
Now 3 per Cent. Annuities 93iliili
Lo,c Annuities, expire sth Jan. 1860 2 1-16
Ditto 30 Years, expire sth April, 1885 l7 5.16
0 ,L sots for Account.
Er-heoner Hills, 2td.
21000. 1 d 4 d
000 , par 4 d
ailikillS nail ..... , .
1,0013. par 4 d 1 p
, Fxehequer Bonds, 1858, 3i per Cent
'.._ Ditto, 1159
PRICES OF FOREIGN FUNDS—THIS DAY.
Brazutan 5 per Cont.
Grenada New Active, 21 per Cent.
liitto Deferred si
Mexican :; per Cent .....................
Ditto Account ........................ ,
Peruvian Bonds, 4i per Cent —
Ditto Account .. .................. .. .
POrbuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, 3 per Cent
Ditto Account ....
Russian Bowls, ikl2, E St.,. 5. per Cont lO6l
Ditto, 4. 4- per Cent. 48
Ditto small
RCA iniab Bollaii, Fi put. 0,,,,t. .
.........
..
~
Ditto Account (Dec. 31). 55.:11
Spanish Bonds, 3 per cent.
Ditto Now DQferred, 3 per Con%

Taricieh Bonds, 6 per cent 951
ll.tto Account
Venezuela Bonds, 4i per Cent

JOINT-STOCK BANKS.
40 all lAustralania
79 81
12r, 18i Bank of Egypt I 4 3i 116
100 50 Bank of London 4O 45
40 all Bri. Col. Bk.& Ln. Co •••
50 all British N. American
•
20 8 C.Bk.of Ind.A.u.ctCh ..."
100 50 iCity 56 60
100 25 "Colonial .... .....
100 20 'Commercial of Lond. 20i
20 all Eng.Scot.&Aus•Ctit. A
20 all Lon. Ch. Bk.ofAx,t. 179 I.sl
20 all Ditto New
50 20 London and County
50 Lnd.&E.Bukng.Corp
50 10 London Joint Stock. 281
100 20 Loncl.andWestminst,
100 35 National Pro. of Eng.
20 10 Do. New
50 221 National Bank
20
all
25 all ,Cliental Bank Corp 32 34 33
20 New South Wales ,
120 Pttonaan Bank
5 1 R.An5.8.40.1m.C0.
I°°lo 'al IProvinc al
.... ... r.
25 all South Australia 33 -- 35
25 all Union of Australia-. 50 52 50a
Do. Now ............... ..• ."
60 10 `Orion of London.... ••• a./
I( 050 Unity Mutm..l ..... • ) •-• ••cl,
100 0 .Westrußk of Loud mo

Ditto Account
Dividends on the above payable in London.
Dutch Exchange, 2i per Cenl., 12 Guilders 641 4
2 BABE O'CLOCK
EffiConsole account, Jan. 8. 93 h a d

The Sealark, 8, and Rollg, 6, Lieuts. Lowther
and Nelson, the former employed in training at sea
the " novices" of the Illustrious, and the latter the
seamen apprentices of the Victory, have been laid
up in, harbour for the winter.