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

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1

ATONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
7 An active demand for money is still experienced
in the general discount market, notwithstanding
the effect produced for the liquidation of tt e bills
due on the 4th has now entirely ceased. The full
rate of 4 per cent. is enforced for the best descrip-
tion of three months' paper; with exceptional trans-
actions at 3'Bl per cent.
The Parana, which has arrived from the Brazils,
has brought about £15,033.
A special settlement has been appointed to take
place by the committee of the Stock Exchange on
the 13th inst. in the shares of the undermentioned
companies :—The Egyptian Commercial and Trad-
ing Company, Dunaburg and Wisepok Railway
Campany, and the Bank of Otago (New Zealand),
all of which are to be officially quoted, but the deal-
ings in the last named undertaking are only to be
recorded in the bi-weekly list.
Rather less activity has prevailed in the Foreign
and Colonial Produce Markets during the last few
days. Operations on tea have been suspended,
Owing to the approach of the public sales which
commence to-day. Sugar, coffee, and rice have
'barely sustained former rates; while saltpetre has
been at enhanced quotations. Tallow has continued
dull for both present and forward delivery.

An undertaking of importance, entitled the
London and African Trading Company, has recently
been announced. The capital required is £500,000
and the first issue will comprise 4,000 shares of
£25 each. The primary object is to barter with
the natives on the West Coast of Africa, English
manufactures for the produce of that portion
of the continent, co❑ sisting of palm oil, cotton,
ivory, ground nuts, &c. It is averred that
the trade of this region has hitherto
been Exclusively conducted by individuals who have
realised large fortunes on the system of barter
carried on with the natives. It appears that the
most important article of trade is the palm oil, the
production of which is stated to be unlimited; and
that the nuts of the palm trees are so plentiful that
they are left strewed about the forests to
rot. Again, the eotton plant, which is indigenous
to the soil of Africa, can be grown in large quan-
tities, and the natives have long been successful in
the manufacture of cloths for their own use. The
prospectus states that the directors have effected a
favourable arrangement with a firm, for many years
carrying on a lucrative trade in this part of the
world, for the purchase of its business, and the
company will therefore be enabled at once to com-
mwoce operations.

Two O'CLOCK.
At Paris this morning, according to Mr. Reuter's
telegram, the French 3 per Cent. Rentes were
at 68f. 75c.

The market for the English Funds has exhibited
an improving tone this morning, and Consols are I
per cent. better. The settlement of the account
has made satisfactory progress, which together
with the brilliant weather for the growing crops
has induced a more confident feeling, and led to a
few purchases for speculative purposes. The
quotations are now 921 2 for money and
the 9th instant, and 92i for the August
s, seoun'c. The market at the last moment presents
a buoyant aspect. The New Threes are firm at 92
and the Reduced Annuities are 92 k ; Bank Stock
also remains at 234, 236; India Stock, ex div., is
/waked 224, 226, 227 ; the Five per Cent. Loan
1081 tl ; the Five per Cent. Enlaced Paper, 1064,
'the Bonds are 18s. prem., and Exchequer Bills
ls. die. to 2s. prem.

A smaller amount of business has taken place in
the Foreign Market than for some time past, and
the quotations show a little heaviness. Mexicans
have been 36; 371; Greek, 35 4 ; and the Coupons
have also tended downwards. There have been
dealings in Turkish 6 per Cents., in the 1854 issue,
at 9317 in the 1862 issue, at 671 68 ; and in the
Consolides, at 501 51, showing steadiness. The
Confederate Loan remains at 11 131 dis.; Italian 5
per Cents. are marked 7 1 ; and Portuguese 3 per
Cents., 481
In the Railway Share Market the operations have
again been of the most limited character. North-
Wefitern have declined about 55., and London and
Blackwell, and South-Western 10s. Caledonian
and South-Eastern, however, have improved ss.
The Foreign and Colonial undertakings remain
inactive at barely previous quotations.
Joint Stock Bank and Miscellaneous Shares are
in some instances at slightly advanced prices. Im-
perial Ottoman Bank realise 191 ; London Chartered
of Australia, 281; Union of Australia, 37; and
Royal Mail Steam have improved to 674, Interna-
tional Financial shares are quoted 48 a prem. ;
London Financial, a toe prem. ; Egyptian Trading
Company, 1 to, 1 prem.; and Hudson's Bay Com-
PEvey, -41-, to 1 prem.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock 234 6
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities 92a -I
New 3 per Cent. Annuities
New 24 per Cent. Annuities
Alramties, 30 yrs, expire sth Jan., 1880 —
'itto for 30 yrs, expire sth April, 1885.
Ditto (Red Sea Telegraph), Aug. 1908.
India Stock 226 4 7 a d
Ditto 6 per Cent lOB/ i
Ditto Enfaced Paper, 4 per Cent ..
Ditto 6 per Cent 1062
Ditto Debentures, 4 per Ct., Oct., 1863
Ditto ditto April, 1864
Ditto Bonds Ll,OOO lB pm
Ditto under £1,000..
India Stock for Account, 5 per Cent —
Consols for Account, July 9 921
March I June

Exeb.equar Bills, £l,OOO 2i per Cent
Ditto £SOO
Ditto Small

FOREIGN FUNDS—ONE O'CLOCK.
Brazilian 5 per Cent . —
Ditto 4} per Cent., 1852-58-60
Milian 6 per Cent —
Ditto 4/2 per Cent.
Danish 4 per Cent., 1863
Greek 5 per Cent., 1824-5, ex-Coupons —
Elttto Account 351 1 5
Italian 5 per Cent. (Maremmana Railway) 78 1
Me xican 3 per Cent
l )itto Account 371 6i
Peruvian. 41 per Cent.
Ditto 1862 —
Ditto Account B7l
Portuguese 3 per Cent., 1853 —
Ditto 3 per Cent., 1856, '7, '9, '6O, 62 —
Ditto Account 4Bl
Russian 5 per Cent., 1822, £ St 94
Sardinian 6 per Cell*
Ditto Account.. ....
Turkish 6 per Cent. 1854 —
Ditto Account
Ditto 6 per Cent. 1862
Ditto Account 6B 7t
Ditto Guaranteed, 4 per Cent —
Venetcuela, 3 per Cent
Di' to Account _
1)1110 6 per Cent., 1862
Ditto Account s7i 1
alian, 6
Dividends on the above payable in London.
It
per Cent., 1861, Ex 25 francs —
Ditto Account
TWO O'CLOCK.
Consols Mccey
921 a
.Ditt4ccouiAt . 921
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