The Sun.
London, England, 1863-07-10 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

There is still a tendency towards greater easi-
ness in the general discount market, althongh the
bankers and brokers appear reluctant to relax
their terms at present. There appears to be a
growing impression that the favourable specie
movement, the satisfactory harvest prospects, and
other influences will lead to a reduction in the
rates in the course of a few weexs.

Important changes are shown in the Bank of
England return for the week ending Wednesday
Wednesday last, especially as regards the bullion,
the other securities, the public deposits, and pri-
vate balances.
Active Circulation ..
Increase .. • •
Bullion • . .. • • ..
Decrease .. • •
Rest .. .. ..
Increase
Public Deposits
Decrease .. • • • •
Other Deposits.. • • • •
Incret se . • • • •
Seven Day and other Bills ..
Increase .. ••
Government Securities

.. £21,380,880
.. 240,724
.. 14,824,969
.. 255,308
.. 3,244,275
• • 43,357
.. 5.593,834
.. 4,762,539
.. 18,595,718
.. 2,320,979
.. 657 598
• • 68,992
.. 11,046,888

Decrease .. ..
Other Securities • .
Increase .. ..
Notes Unemployed ..
Decrease .. ..

. .
• . 3,391
.. 23,503,448
.. 1,839,788
.. 7,233,120
.. 501,090

During the last few days there has been rather
less activity exhibited in the Foreign and Colonial
Produce Markets. Tea, at public auction, sold
slowly at previous rates, while sugar was in steady
request: Coffee hos remained dull, and prices have
given way about 6d. to ls. per cwt., owing to the
large stocks o'd hand. Rice, fruit, and spices were
without chuge in value, while tallow continued
dull for both present and forward de►ivery.
The prospectus has appeared of the Oil Seed
Crashing Company, which proposes to purchase
some seed crushing mills at Dover, and to carry on
this description of business upon a very extensive
scale. These mills are stated to be exceedingly
large, and to have been lately fitted up with ma-
chinery upon the most approved principles. They
are admirably situated, being contiguous to the
harbour of Dover, and possessing the command
of two railways, thus affording facilities for foreign
imports on the distribution of goods throughout the
kingdom. The directors regard the future deve-
lopment of this trade with great certainty, and
show from returns the large increase that has taken
place both of exports and imports of oil seeds during
the past two years. The consumption of of oil seed
cake is stated to have advanced in a still greater
ratio, establishing the fact that oil cake is an article
of permanent and increasingly extensive demand.
The nominal capital required is £500,000, but only
£lOO,OOO is to form the first issue. The shares are
£2O each.

Two O'CLOCK.

At the annual meeting of the Peel River Land and
Mineral Company, htld to-day, the report presented
to the shareholders for adoption recommended the
payment of a dividend at the rate of 3 per cent,,
free of income tax, on and after the Ist September
next. The value of the wool clip was estimated at
£17,000, which, being added to the sum at the credit
of the revenue and expenditure account, made a
total of £19,645.

At Paris this morning, according to Mr. Reuter's
telegram, the French 3 per Cent. Rentes were
heavy at 68f. 55c. Heavy.
Very ltttle activity has prevailed in the market
for the English Funds to-day, and no fluctuation of
importance has occurred. The tendency, however,
has been more favourable, and Consols at the present
moment are 921 for money, and 921 I for the account.
The New Threes and Reduced Annuities remain
at 92,1 the 30 Years Annuities are marked 15,
and the Red Sea Telegraph ditto, 211. India Stock
is firm, at 227 ; the 5 per Cent. Loan, at 108 k 4 ;
the 4 per Cent. Enfacea Paper, 971 ; and the 5 per
Cent, ditto, 107. The Bonds are quoted 18s.
prem., and Exchequer Bills par to 2s. prem.
There is no particular feature in the Foreign
Market, and business is moderately active. Tur-
kish 6 per Cents., 1862, are 671 68 ; do., Consolides,
50,1 ; Mexican, 36./ 37; Greek, 351 11; do. Cou-
pons, 161 I.; Spanish Passive, 332 1-; do. Certifi-
cates, 12.1 a ; Italian, 711 8 ; Portuguese, 471 481 ;
Russian, 931 ; Confederate Loan, par; and the
New Venezuelan Loan, 11 to 01 die.
The dealings in the Railway Share Market have
been rather more numerous, and in several instances
a slight advance has been established. Lancashire
and Yorkshire, Brighton, Manchester, Sheffield,
and Lincoln, and North Eastern (Berwick) have
improved 55., and Great Western 10s.
The Foreign and Colonial lines remain in fair
request at about previous values.
_ _

Bank and Miscellaneous Snares, in some in-
stances, are a shade firmer. London and Westmin-
ster have improved to 801 ; London Joint Stock has
declined to 361 i Crystal Palace Stock is steady at
38 ; Peninsular and Oriental Steam at 79 ; and
Royal Mail Steam at 664 ; International Financial
shares are quoted 5 to 51 prem. ; London Financial
11 to 14 prem. ; General Credit 4to lk premium ;
Egyptian Trading Company, 114 to 21 prem.; and
Hudson's Bay Company i to t- prem.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities 92i il
New 3 per Cent. Annuities
Annuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885. 15
Ditto (Red Sea Telegraph), Aug. 1908. 21;
India Stock 227
Ditto 5 per Cent
Ditto Enfaced Paper, 4 per Cent 97i
Ditto 5 per Cent lO7
Ditto bonds 11.000 _
Ditto under £l,000
India Stock for Account, 5 per Cent —
Consols for Account, Aug, 6 ... 92a
Marca I June
2 pm

Exchequer Bills, 'LI,OOO 2 per Cent
Ditto £5OO
Ditto Small par

FOREIGN FUNDS—ONE O'CLOCK.
Brazilian. 5 per Cent
Ditto, 1839 and 1859
Ditto 44 per Cent., 1852-68-60
Danish 4 per Cent., 1863
Egyptian 7 per Cent lo2t 3
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coup,,ns —
Ditto Account..

Mexican 3 per Cent
Ditto Account 36f
Moorish Imperial 5 per Cent
Portuguese 3 per Cent., 1853
Ditto 3 per Cent., 1856, '7, '9, '6O, 62 —
Ditto Account 4Bl 71
Russian 6 per Cent., 1822, £ St —
Ditto 5 per Cent. 1862
Sardinian 6 per Cent
Spanishl3;per Cent
Ditto Passive
Spanish Cert. of Coup not funded
Ditto Account
Turkish 6 per Cent. 1854 —
Ditto 6 per Cent. 1862
Ditto Account
Venezuela, 3 per Cent
Ditto 6 per Cent., 1862
Ditto Account...... 57
Dividends on the above payable in London.
Italian, 5 per Cent. 1861, Ex 25 francs —
Ditto Account ' . 714
TWO O'CLOCK.
Consols, money . 921
: ‘..
Ditto August Account ..
92a /
''''----_
L."

iiverpool Cotton Market--This Day.

(RECITER'S TELEGRAM.)
Sales of the Week, 39,490; 3,090 on speculation;
9,010 for export. Actual export, 12,035. Quota-
tions fair. Orleans, 24; Mobile, 23?,-; Upland, 23.
Estimated Middling Orleans, 21,4. i Mobile, 21;
Upland, 201. Estimated fair Egyptians, 21 ;
Sprats, 12 to 191. Stock, 318,200 bales. Imports
of the week, 8,296 bales.—Sales about 5,000 bales.
No change.

VOLTAIRE'S ESTIMATE OF ST. LOUlS—taken from
the Fifty-first Chapter of the Essai sur les _Meters.
—King Louis IX. appeared a prince destined to reform
Europe if it could have been reformed; to make Franc.
triumphant and well governed, and to be in everything a
model to men. His piety, which was that of an anchorite,
deprived him of no royal virtue. A wise economy did not
interfere with his liberality. He reconciled profound po-
licy with exact justice, ane.i is, perhaps, the only sovereign
who deserves that praise; prudent and firm in council, in-
trepid in war without rashness, as cvrapissi nate as if h,
bad always been unhappy. It is not given to man to can')
Tutu° further.