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

11'NEY MARKET

AND
COMM:X:IAL 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About 60,000 sovereigns were withdrawn from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 ought 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
baEia. N 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
tax, 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
~
animation exhibited in the markets for foreign
atnd colonial produce. As regards tea the dealers
ave been principally occupied with the samples
of 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 altera-
tion that may be effected in the duties. Coffee has
been in fair request, at full rates, while in rice,
saltpetre, and tallow, there has been little change of
itaPortanae.
he Lemberg-Czernowitz Railway Company, in-
troduced to the notice of the public by the Inter-
national Financial Society and the Anglo-Austrian
11Ink, requires a capital of I:1,250,000, in shares of
'i2o each, under a guarantee from the Government
of Vienna, producing a net minimum dividend of 7
Per cent., payable in silver. Provision is made for
the payment by the. contractor, Mr. Brassy, of in-
terest at 6 per cent. per annum during construction.
This new line will form a continuation from Lem-
berg to near the Moldavian frontier, entering into
the heart of the grain and cattle producing district,
'whence the Carl-Ludwig railway obtains its most
important traffic, and being constructed at a less cost
Promises to be more profitable than its neighbour.
The Stock Exchange Committee have appointed
Friday, the Bth April, a special settling-day in the
shares of the Ottoman Financial Association
(Limited), the Imperial Financial (Limited), the
south Eastern Banking Company (Limited), and
thet Imperial Bank (Limited), all of which are to
'',e Marked in the daily lists; also in the 'hares of
the Wallachian Petroleum Company (Limited), and
tiL the Charing.cross Hotel Company (Limited),
'4Ol are to be marked in the bi-weekly 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
Ranking Company has announced that they have
concluded an arrangement with the firm of Messrs.
"aulkner, Bell, and Co., of San Francisco, for the
acquisition of their banking and exchange business.
stir. James Bell, of that house, will be a local direc-
tor at San Francisco, and Mr. Henry D. Harrison,
or the same firm, will join the London board.
The 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,
-"elvQr (Limited), has been issued, with a proposed
The
of £75,000 in 7,500 shares of £lO each.
farther
deposit on application is to be 10s., and £1 10s.
lurther on allotment. The calls are not to exceed
£2 Per share. The board of directors is eminently
teaPectable, being composed of gentlemen whose
batnes are a guarantee that the objects of the
company shall be fully carried out. The company
i 8 now erecting a first-class family hotel upon the
'reehold formerly belonging to the Clarence- house,
Tae
has just been purchased by the directors.
4ne grounds occupy a most eligible position
44 the Marine Parade, facing the sea. The
directors are of opinion that from the exist-
ing want of hotel accommodation the Clar-
ence will command a large share of support,
and enable them to declare large dividends ft-cm
finis to time. The building of the hotel is in
the hands of Mr. Glenton, the enterprising con-
tractor, and is rapidly progressing to com-
rtien. The first stone of the Clarence was laid
autumn by the, chairman of the London,
Chatham, and Dover Railway. A considerable
Portion of the capital has been already subscribed
:r, and the project is recommended to all who de-
ll.' a safe and profitable investment.
,s The prospectus of the National Financial Com-
'anY bill be found in another column. It is pro-
posed, in the first instance, to start with a capital
of
).7 £600,000, in 10,000 shares of £5O each. Per-
"aPs there is no class of institutions to which the
rineiple of limited liability has been more success-
-1:37 applied than the financial companies, and
,:uough large capitals have been subscribed, it
boltbe denied that there still remains a wide
belt' Open for the profitable employment of capital
tintb in English and foreign enterprises. The Na-
utinAnal Financial proposes to commence business
Provisional
Very favourable circumstance, and a
the
agreement has been entered into for
06 Itequiring a valuable railway concession with a
even:meant guarantee, and negotiations are also
pending for securing several undertakings which
:41T:int but be beneficial to the company. The
jee:titive: is composed of active business men, and
their faith in the matter they have declined
receiving; any remuneration until the shareholders
have received 5 per cent. upon their investments.
°re than half the capital, we are informed, has
been Subscribed, and business will commence imme-
4latelY after the allotment of the shares, which,
ti
.ei_eording to present arrangements, will take place
"nut the Bth or 9th of the month.
It has transpired that arrangements have been
concluded by the directors of the Home and
e cllental Assurance Company with the directors of
the
Eastern Marine Insurance Company for an
absorption of that undertaking upon equitab
`ettais, subject to the confirmation of the shareholders
lin, the latter company. The directors of the Eastern
:arinn and some of the most influential shareholders
Will
joie the board of the Home and Coloeial.
k meeting of the shareholders of the Warrant
th4eking Company is called for the 13th April, at.
Aoe London Tavern, when resolutions will be pro-
f:1; 4d to change the name of the company to that
the Warrant Finance Company, and to amend
tain clauses in the articles of association. It
appears that the directors have received an intima-
nll from very influential persons that the word
kut/la,king" is liable to be misunderstood, and it
been considered desirable, before commencing
e6lttieus to convene a meeting to make the sug-
gested alteration in the title of the company.
LThe subscription list of the Atlantic and Great
is extern
Railway (Second Mortgage Bonds, payable
is endeo), will close to-morrow, the 6th inst. It
e understood that the applications are very nume-
;lit and greatly in excess of the amount to be
otted. They
are quoted at 2 prem.
tie r* E.D. Pass, of Fenchurch-street, has joined
(lee beard of direction of the National Financial
e. by.

Two o'CLocK.
13dris this day, recording to Mr. Reuter's
/ 81'0; the dhree per Cent. Rentes were 66f. se.
114nimate.
reti-t ,1,413 English Funds remain without any appa
itpd 1111Provement, Consols being 91 I for money
ij;lee°tltit• The New Threes and Reduced An-
lu(Cs arc 841 ; Exchequer Bills, 7s. to 2s. dis. ;
‘lB' 5 Per Cents., 104; 105; do. 4 per Cents., 99;
p-4ced 5 per Cents., 104 k ; and the Bonds, 3s. die.
pe,°o4ign Securities are a little firmer. Turkish 6
GA.:!1:118., 1862, are 7111 72 ; do. Cusolides, 54 ;
aiv-84" 2514 ; Mexican, 441 451 ; and Spanish Pas'
49%361 a ; do., Certificates, 131 3-; Portuguese,
; ; and the Confederate Loan, 62 54.
'lle transactions in the Railway Shares have