The Sun.
London, England, 1863-05-18 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCR.

More confidence is now apparent in the general
discount market, the commotion usually succeeding
an alteration in the minimum having now partially
subsided, while bankers and others appear inclined
to negotiate business. Some of the securities dis-
counted this morning have been taken at the Bank
rate of 31 per cent.

The General Credit and Finance Company of
London, with a first issue of capital amounting to
£2,500,000, in 125,000 shares of 120 each, has been
introduced to the notice of the investing classes. In
principle it is similar to that of the institution
known as the Credit Mobilier of France, and which
has already spread to Italy and Spain ; but it is,
however, modified to suit this country by the
exclusion of ull stock-jobbing and purely specu-
lative adventure. The projectors believe that
there is room for such an institution, if prudently
managed, and that the profits will be very large;
it will negotiate loans, take contracts, deal in
securities, and make advances, assist industrial en-
terprises ; in short, it will do all that is now:done by
intelligent and wealthy capitalists, like the Roths-
childs, with the same prudent and skilful manage-
ment, and at least the same profits. Moreover, it
is to encourage the application of English capital in
India and the celonies, where, more especially in
the former, great works of pubic utility are im-
peded for want of capital, for which a very high
rate of interest is paid. The general management
is confided to Mr. Laing, late Finance Minister
of India, who is associated with a kindred society
just formed in Paris. Each company will act as
agent for the other. The board of the English
company consists of Mr. Laing, Mr. W. P. An-
drew (the chairman of the Scinde, Punjaub, and
Delhi Railway), Mr. Beale, M.P. (chairman of the
Midland Railway), Mr. Blount (the Paris banker),
Mr. Brassey, jun., son of the contractor, Mr. James
Thompson Mackenzie (deputy-chairman of the
Eastern Bengal Railway), Mr. Leo Schuster, Mr.
Charles Turner, M.P., Mr. Bramtey-Moore, M.P.,
Mr. Alderman Salomons, M.P., and Mr. Stuart.
The French company comprises Messrs. Talabot,
Schneider, Bischoffsheim, and Co. ; Bartholony
(chairman of the Paris and Orleans Railway),
Simons (chairman of the Western Railways of
France), Pinard (director to the Comptoir d'Es-
compte, Paris), Perier (regent of the Bank of
France), and many other eminent men connected
with finance, industry, and commerce. Agencies
are also to be established in some of the principal
cities of Europe, and it is said they have already
secured Giles Loder for Russia and the Bank of
Darmstadt. The shares, which opened at 4 1 prem.,
are now quoted 31 I prem.

The accounts from the manufacturing districts
for the past week havebeen rather unsatisfactory. At
Manchester these has been a falling off in the busi-
ness done in both cloths and yarns, owing to a fur-
ther advance in prices. The woollen trade of Leeds,
Bradford, and Huddersfield has continued quiet, in
consequence of the Lancashire inquiry for light
fabrics. In the hosiery and lace departments at
Leicester and Nottingham there has been little
change of importance ; while at Birmingham,
Sheffield, and Wolverhampton there has been an
average amount of business transacted, chiefly for
home requirements.

Two O'CLOCK.

There has been very little business in the English
Stock Market to day, and the few dealings entered
into have not resulted in any fluctuation, Consols
being 931 I for transfer, and 92-10 less the dividend,
for the account. The New Threes and. Reduced have
been dealt in at 911 ; Exchequer Bills are
marked 4s. dis. ; India Stock, 232 ; and the 5 per
Cents., 1001.

The most important feature in the Foreign
Market to-day is the rise in Turkish Consolides,
which are now quoted 504 I. Turkish 6 per Cents.,
1862, are 711 ; Greek, 321 ; do., Coupons, 141
151. ; Spanish Passive, 341 35 ; do., Certificates,
12; 13 ; Mexican, 36/ 37/ ; Grenada, 16/ 174 ; do.
Deferred, let d ; Egyptian, 1004 ; Portugueae,
49i ; Italian, 711 72 ; and the Confederate Loan,
par to 1 prem.
Business in the Railway Share Market has been
rather inactive, but a firmer tone has prevailed.
Great Northern A Stock and North Westerns have
improved 10s., and Midlands and South Easterns ss.
The operations on the Foreign and Colonial un-
dertakings have been very limited, and quotations
remain unaltered.

Joint-Stock Bank and Miscellaneous Shares
show, in one or two instances, rather more firm-
ness. Oriental Bank have improved to 55; Union
of London, to 354 ; Peninsular and Oriental Steam
are firm at 76 ; and Royal Mail Steam at 65 to 651.
The shares of the English and Scottish Marine
Insurance Company are quoted -a toe prem.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock . 234 2
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock ..
Ditto 6 per Cent llOl
Ditto Enfaced Paper, 4 per Cent —
Ditto 5 per Cent .
Ditto 51 per Cent.
Mit. Bonds €.1.000
Ditto under £l,000
Consols for Account, June 9 92
Exchequer Bills, £I,OOO 21 per Cent.... 4 1 die
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent ... . 100/ 1
Ditto 4} per Cent., 1852-58-60
Equador New Consolidated, 1 per Cent —
Ditto, Provisonal Land Warrant n
Egyptian 7 per Cent lOO/ 100 991
Ditto, Second Issue
Greek 6 per Cent., 1824-5, ex-Coupons —
Ditto Account . . . 321 i 2
Ditto Coupons
Mexican 3 per Cent .
Ditto Account . .. .... 37 if 61 I li
Moorish Imperial 5 per Cent
New Granada ...................... 161 17
Ditto Deferred........
Ditto Land Warrants (Hectares) B/ 1 /- /
Peruvian 41 per Cent. . .
Ditto 41 per Cent, 1862 .............
Ditto Account BBl
Portuguese 3 per Cent., 1853 ......

Ditto Account ...... 491 I 1
Ditto 1832
Russian 6 per Cent., 1822, £ St —
Ditto 5 per Cent., 1862
Spanish 3 per Cent
Ditto Account
Ditto Pss..ive
Ditto Account 35 41 5/ 4/ 5
Spanish Cert. of Coup not tunaecl
Turkish 6 per Cent. 1854 —
Ditto 6 per Cent. 1858
Ditto Account 7O/ 1
Ditto, £lOO Bonds 722 34
Ditto 6 per Cent. 1862
Ditto Account .. 713/4 1 i i
Ditto Guaranteed, 4 per Cent lO3
Venezuela,
,3 per Cent

Ditto 6 Per Cent., 1862 '
Dividends on the above payable in London.
Dutch 2} per Cent., Ex. 12 Guil
Ditto 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 25 francs 7ll
Ditto Account
THREE O'CLOCK.
3
Console, Money
9
Ditto Account 9 2

_
ev
THE REPRESENTATION OF THE CI —lVe believe
eTY
it is the intention of a number of influential
scount gentlemen
Amberley,
con-
nected with the City to bring forward Viscount
the eldest son of Earl Russell, as a candidate for the seat in
the House of Commons, vacant by the death of Western
Wood, Esq.
LOST AND SAVED.—By the lion. Mrs. Norton.
3 v01e.." Lost and S aved," says the Athenz is• a
on, "
work of such rare exeellence that it would create.a stir
among novel-readers, even if it had not Dirs. Norton's
name on the title page. Tho story has an abundance of
plot, counterplot, and epilode, and even a superabundance
of character. It surpasses Stuart of Dunleath,' in
strength, delicacy, and that quality which is technically
termed finish.' Moreover, the gloom of the tale is re-
lieved by a light, airy, racy humour. The artistic grace
and ease of the opening pages may be studied with profit
by the most practised novelists.
ACCIDENT AT HER MAJESTY'S THEATRE.— On
Saturday night, during the performance of " Lucia di Lam-
mermoor," the accomplished Mdlle. Tietjens had a narrow
escape from serious injury. Her dress caught fire, but with
the utmost presence of mind the gifted singer extinguished
the flames, and after a brief interval continued the perform •
ance.

MR. AND MRS. IN. F. WiNrorrAm.—The 'object
for which Mrs. Windham visited Norwich-.-viz., a
reconciliation with her husband—has apparently been folly
accomplished ; and one unquestionable evidence of the fact
has been given by Mr. Windham, who has instructeJ his
London solicitor, Mr, Chappell, to stay further oroceedings
in the pending divorce suit, Windham v, Windham and