The Sun.
London, England, 1864-04-05 00:00:00

ItONEY MARKET

AND
OMIKERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.

There is little if any diminution in the demand
for discounts, but the supplies of money on offer are
a little more extensive.
About 60,000 sovereigns were withdrawn from
the Bank yesterday for shipment to Alexandria.
The Essex has arrived from Port Philip, with
£92,956 in gold.
The commercial public are now anxiously await-
ing the forthcoming budget. A belief seems to be
generally entertained in quarters where reliable in-
formation cught to be obtained, that the Chancellor
of the Exchequer will take a very bold course with
regard to the sugar duties, making at once such a
substantial reduction, instead of every year induc-
ing fresh fiscal agitation, as will give a stimulus to
this particular trade, and place it on a permanent
bas is• No alteration, it is supposed, will be effected
this session in the imposts on tea, nor is it at all con-
sidered probable that any change will be proposed
in the Customs charges upon spirits. Probably
some concession will be made as regards the income
tar, partly, it is thought. as a compromise to the
°PPosition for their deferring the question of the
Malt tax.

During the last few days there has been very
little animation exhibited in the markets for foreign
nd colonial produce. As regards tea the dealers
have been principally occupied with the samples
°t„ the lots to be offered at public sale to day.
Sugars have been in some measure neglected, owing
to the uncertainty felt with regard to any al,era-
tion that may be effected in the duties. Coffee hEis
been in fair request, at full rates, while in rice,
saltpet re, and tallow, there has been little change of
importance.

'lhe Lemberg-Czernowitz lioilway Company, in-
troduci-d to the notice of the public by the Inter-
t(itioneti Financial Society and the Anglo- Aus;rian
requires a capital of £1,250,000, in shares of
£2O each, under a guarantee from the G ivernm nt
of Vr,rina, producing a nt.t: minimum dividend of 7
Per cent., payable in silver. Provision is mine fur

payrnenT by ;he co,vrecor, of 111 -
tert:St at 6 per cent. per MITI OM durin4 conbniict
this new line will form a coainuarion horn L2tri-

berg to near the Moldavian frontier, enteric .g into
the heart of the grain aodcattlo producing district,
thence the Cart-Ludwig railway obtains i:s most
important traffic, and being consti tiered at a lees cost
Promises to be more profitable than its neighbour.
The Stock Exchange Committee have appointed
Friday, the Bth April, a special settling-d.y in the
shares of the Ottoman Financial Association
(Lquitee), the Imperial Financial (Limited), the
South Eastern Banking Company (Limited), and
the Imperial Bank (Limited), all of which are to
°a marked in the daily lists; also in the 'hares of
the Wallachian Petroleum Company (Limited), and
in
.the Ch.aring-cross Hotel Company (Limited),
which are to be marked in the biweekly list. The
shares of the Marine Investment Company have
also been ordered to be quoted in the official lists.
The directors of the British and Californian
"king Company has announced that they have
e?ncluded an arrangement with the firm of Messrs.
Faulkner, Bell, and Co., of San Francisco, for the
acquisition of their banking and exchange business.
Mr. James Bell, of that house, will be a local direc-
tor at San Francisco, and Mr. Henry D. Harrison,
of the same firm, will join the London board.
rhe subscription list of the West Worthing In-
vestment Company (Limited) will close on Thurs-
day next, the 7th inst., at 4 o'clock.
The prospectus of the Clarence Hotel Company,
Dover (Limited), has been issued, with a proposed
capital of £75,000 in 7,500 shares of £lO each.
The deposit on application is to be 108., and 10s.
further on allotment. The calls are not to exceed
£2 pershare. The board of directors is eminently
respectable, being composed of gentlemen whose
names are a guarantee that the objects of the
company shall be fully carried out. The company
la now erecting a first-class family hotel upon the
freehold formerly belonging to the Clarence• house,
sebsett nes just been purchased by the directors.
The ground. occupy a most eligible position
in the Marine Parade, facing the sea. The
directors are of opinion that from the exist-
ing want of hotel accommodation the Ciar-
enee will command a large share of support,
and enable them to declare large dividends ficm
tome to time. Tne building of the hotel is 113
the hands of Mr. Glenton, the enterprising con-
tractor, and is rapidly progressing to corn-
raetion• The first stone of the Cllrence was hurl
,6t autumn by the chairman of the London,
('hhtham, and EtJvcr Itailvvay. A considerable
pertie„ of the capital has been already subscribed
tor, and the project is recommended to all who de-
ali‘eK tae and profizable investmen%
The prospectus of the National Financial (Joel-
Plll3' sill be found in another column. It is pro-
Posed, in the first instance, to start with a capital
°f £500,000, in 10,000 shares of £5O each. Per-
'laps there is no class of institutions to which the
Principle of limited liability has been more success-
/:,I1Y applied than the financial companies, and
-Itiintlgh large capitals hey° been subscribed, it
cannot be denied that there still remains a wide
field Open for the profitable employment of capital
botht in English and foreign enterprises. The Na.
decal Financial proposes to commence business
Under very favourable circumstance, and a
I:hrevisional agreement has been entered into for
e acquiring a valuable railway concession with a
ci nverement guarantee, and negotiations are &so
pending for securing several undertakings which
eanhot but be beneficial to the company. The
eliecutiye is composed of active business men, and
t 0 show their faith in the matter they have declined
receiving any remuneration until the shareholders
have received 5 per cent. upon their investments.
VOre than half the capital, we are informed, has
been subscribed, and business wili commence imme-
diatelyu after the allotment of the shares, which,
'cce.rding to present arrangements, will take place
ithstat the Bth or 9th of the month.

It has transpired that arrangements have been
cltl,cluded by the directors of the Home and
Colonial Assurance Company with the directors of
the. Eastern Marine Insurance Company for an
4bE,orption of that undertaking upon equitab e
r me, subject to the confirmation of the shareholders
;z1 the latter company. The directors of the Eastern
41firine and some of the most influential shareholders
Will join the board of the Home and Colonial.
114 meeting of the shareholders of the Warrant
"—t,.." king Company is called for the 13th April, at
'e London Tavern, when resolutions will be pro-
1300ged to change the name of the company to that
the Warrant Finsnce Company, and to amend
e
tiellain clauses in the articles of association. It
:Pears that the directors have received an iotima-
-411
'3 from o very influential persons that the word
has
<<
is Fable to be misunderstood, and it
been considered desirable, before commencing
:rations, to convene a meeting to make the bug-
,.t.,-ted alteration in the title of the company.
W erle eubsr,ription list of the Atlantic and Great
in et'lern Railway (Second Mortgage Bonds, payable
14 "4°l3dob), will close to-morrow, the 6th inst. It
tc:lnderfpood that the applications are very unme-
citi:' end greatly n excess of the amount to be
\I t"- Toil are quoted at 2 prem.
E D. Pass, of Fenchurch-street, has joined
o~bctrd of direction of the National Financial
tly,

Two O'CLOCK.
t5At Paris this day, eccordiog to Mr. Renter's
gram, the Three per Cent. Rentes were 66f. sc.
I11r"
4rl•,te.
re,-: English Funds remain without any appa
a‘ improvement, Consols being 91Z- I for money
n-_,
acc..ottnt. The New Threes and Reduced An..
It:lties are 89f ; Exchequer Bills, 7s. to 2s. dig. ;
t(l„ia' 5 per Cents., 104 i 105; do. 4 per Cents., 99;
-,,'Ll'eed 5 per Cents., 1041 ; and the Bonds, 3s. die,
r,reign Securities are a little firmer. Turkish 6
G ~,,
. 1862, are 711-3 72 ; do. Consolides, 54 I ;
25i- d ; Mexican, 44:4- 45-4-; and Spanish Pas-
-491, 34 1;; do., Certificates, 13,1 1; Portuguese,
; and the Confederate Loan, 52 54.
Q 3 transactions in the Railway shares have