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

r "Of
./J V MARKET

AND
COMMIWIAL 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About 60,000 sovereigns were withdrawn from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
1192,956 in gold.
The commercial public are now anxiously await-
leg 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 sgitatior, as will give a stimulus to
this particular trade, and place it on a permanent
ba`lB. No alteration, it is supposed, will be effected
this &salon in the impoSts on tea, nor is it at all con-
sidered probable that any change will be proposed
IR 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
and colonial produce. As regards tea the dealers
have 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
importance.

'The Lemberg-Czernowitz Riilway Company, in-
troduced to the notice of the public by the Inter-
national Financial Society and the Anglo-Austrian
'link, requires a capital of £1,250,000, in shares of
£2O 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 fLom 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
Ehares of the Ottoman Financial Association
(Limited), the Imperial Financial (Limited), the
South Eastern Banking Company (Limited), and
the Imperial Bank (Limited), ail of which are to
be marked in the daily lists; also in the shares of
the Wallachia(' Petroleum Comp any (Limited), and
to the Charing cross Hotel Company (Limited),
Which are to be marked in the bi- w‘ekly 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
'raking Company has announced that they have
"concluded an arrangement with the firm of Messrs.
‘(11111tner, Bell, and Co., of San Francisco, for the
acquisition of their banking and exchange business.
Air. James Bell, of that house, will be a local direc-
tor at San Francisco. and Mr. Henry D. Harrison,
°f the same firm, will join the London board.
The subscription list of the West Worthing In-
70stn3ent 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
°,:Pital of £75,000 in 7,50() shares of £lO each.
The deposit on applieatiou is to be 10s., and £1 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
!ollipany shall be fully carried out. The company
?now erecting a first-class family hotel upon the
freehold formerly belonging to the Clarence. house,
'Which has just been purchased by the directors,
The grounds occupy a most eligible position
in the m...eilee 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 from
time to time. The building of the hotel is in
the hands of Mr, Glenton, the enterprising con-
tractor, and is rapidly progressing to corn-
r°lion. The first stone of the Clarence was laid
St autumn by the chairman of the London,
ftChatham, and Dover Railway. A considerable
portion of the capital has been already subscribed
fo
(.)r, and the project is recommended to all who de-
sire a safe and profitable investment.
The prospectus of the National Financial Com-
pany Rill be found in another column. It is pro-
Peeed, in the first instance, to start with a capital
°lf O'oo,ooo, in 10,000 shares of £5O each. Per-
-141)8 there is no class of institutions to which the
principle of limited liability has been more success-
:liY applied than the financial companies, and
success-
ful, large capitals have been subscribed, it
Cannot be denied that there still remains a wide
bold Open for the profitable employment of capital
ti! in English and foreign enterprises. The
l:Na-
Financial proposes to commence business
ndel' very favourable circumstance, and a
iainnal agreement has been entered into for
th
e acquiring a valuable railway concession with a
:dine
guarantee, and negotiations are also
:dine for securing several undertakings which
e11"t but be beneficial to the company. The
eculive is composed of active business men, and
t,,
'holm their faith in the matter they have declined
h"eiving any remuneration until the shareln)lders
ave
r6ctived 5 per cent. upon their investments.
° e than half the capital, we are informed, has
ie" subscribed, and business wilt commence imme-
d2l'.elY after the allotment of the shares, which,
::enrding to present arrangements, will take place
"cut the Bth or 9th of the month.
It has transpired that arrangements have been
c'ecluded by the directors of the Home and
the
Assurance Company with the directors of
tke Eastern Marine Insurance Company for an
i'anrption of that undertaking upon equitab e
tlrtiae, subject to the confirmation of ttieshareholdere
4. the latter company. The directors of the Eastern
arioe and some of the most influential shareholders
14 join the board of the Home and Colonial.
.11 meeting of the shareholders of the Warrant
th4l3king Company is called for the 13th April, at
: London Tavern, when resolutions will be pro-
o
1)f" h) change the name of the company to that
eertthe Warrant Finance Company, and to amend
'louses in the articles of association. It
tijtleal's that the directors have received an intima-
frum very influential persons that the word
hatir4rlki"g- is Fable to be misunderstood, and it
ne een considered desirable, before commencing
-ve ;
Rests ,‘"8, to convene a meeting to make the sag-
1, alteration in the title of the company.
\\r tig a
subscription list of the Atlantic and Great
e t
elu Railway (Second Mortgage Bonds, payable
to a,:cind°e), will close to-morrow, the 6th inst. It
1%4,
allotted
ere,lond that the applications are very nume
44 greatly in excess of the amount to be
Piir They are quoted at 2 prem.
the h D. Pass, of Fenchurch-street, has joined
41pa
Qo 0441 of direction of the National Financial

At 13 Two o'CLocK.
te6
gra arts this day, according to Mr. Reuter's
lesthe, llaree per tent. Rentes were 66f. Sc.
hittiate
Thetent i •
English Funds remain without any apps
41Provement, Consols being 91-: :4,- for money
,1111itiltee(1°11". The New Threes and Reduced An-
4,,N1i,,14" 891- ; Exchequer Bills, 7s. to 23. . ;
*;llfat. Per Cents., 104§.7 105; do. 4 per Cents., 99. ;
Der Cents., 1045-1 ; and the Bonds, 3s. tits
Der becuritivs are a little firmer.
.Turkish 6
rt,ot 1862, are 71! 72 ; do. Clnsolides, 54 ;
n 26i ; !Mexican, 441 451 ; and Splnish Pas-
-49y ',7 ; do., C,rtific4tes, 131 41; ; P irluguese,
Tile; ,tud the Confederate Loan, 52 54.
trausaetione in the Railway Sham have