The Sun.
London, England, 1863-06-18 00:00:00

tiNfY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK,

The tendency of the rates of discount is slightly
in the direction of greater easiness, first-class bills
being now negooiatcd as low as 31 per cent.,
although that can scarcely be quoted, as the average
charge 31 per cent, being generally required by the
joint-stock banks and private establishments.
There was a further influx of £BO,OOO iu gold at
the Bank of England yesterday.
The Hibernian has arrived from America with
£BO,OOO.
The last week's railway receipts ascertained up
to this day are in round figures as under

1863. 1862.
Great Western 158,609 £61,906
:\ orth-Western
South-Western
Brighton
Midland
South-Eastern 20,549 25,710
Great Northern
Great Eastern
1 aneashire and Yorkshire....
North Eastern t.... 41,056 40,274
Bristol and Exeter
Manchester Sheffield, and Lincoln 14,521 15,052
Edinburgh 'and Glasgow
Great Luxembourg 4,784 4,668
These returns owing to the comparison being made
'With Whitsun week last year, generally show a
considerab e falling off. On the Great Western
there is a decrease of £3,297; on the North
Western of £4,080; on the Brighton, of £3,948;
on the Midland, of 2,454 ; on the South-Eastern
of £5,161; on the Great Eastern,of £3,580; on the
Lancashire and Yorkshire, of i 8,800 ; and on the
Manchester, Sheffield and Lincoln, of £lO3l. The
South W estern, however, exhibits an increase of
£1,877 ; the Great Northern, of £1,913 ; the
North Eastern, of £782, and the Edinburgh and
Glasgow of £B4B.

Two o'CLoCK.
At Paris this morning, according to Mr. Reuter's
telegram, the French 3 per Cent. Rentes were
68f 52c, 68f 55c. Heavy.
The yearly meeting of the Natal Land and Colo-
nization Company was held to-day, Sir James D.
Elphinstone, Bart., in the chair. The report
'Was unanimously adopted. It was stated that the
result of the first year of the company's *rations
enables the directors to propose the payment of a
dividend at the rate or ss. per share, tree of income-
tax, after writing off 10 per cent, of the preliminary
expenses, leaving a surplus of .1,362 lls. ld, to be
carried forward to the profit and loss account for
the present year. The chairman stated that the
company'koperations were satisfactory, that the pro-
posal for equalising the two descriptions of shares
would, it was hoped, meet the great difficulty
hitherto experienced by the proprietors of the
paid up shares who did not now receive
Moro interest than the £5 shareholders.
It would also be the means of Increasing the
basis of the company's credit by placing a larger
fund at the disposal of the directors. A resolution
to the following effect was thereupon agreed to,
:—Tiat the holders of the 14,000 paid-up shares
have the option of receiving in exchange for each
such share two shares of £lO each, with X 5 paid,
charging for the advantage of the conversion 10s.
for each new share. The operation, when carried
°Qt► would give an actual profit to the company of
414,000, which the directors propose to divide as
bonus amongst the shareholders. The company
Would derive the' great additional advantage of
increasing their uncalled capital from its present
"al of £42,500 to £182,500.
There is a heavy market to-day for the English
Funds, a few sales having resulted in a decline of
}Percent. Consols, therefore, are only 91i 92 for
transfer, and 92i I for the 9th proximo. 13usiabss
continues dull, and the limited number of transac-
tions is sufficient to influence the tendency of
'slues.

; A small amount of business has been transacted
4:, the New Threes and Reduced Annuities, at
"4, i ; Bank Stock is 232 2331; the March Exche-
quer Bills, 2s. dis. to ls. prem. ; and Indian 5 per
Cents., 1084. .1.
There is less animation and buoyancy in the
Foreign Market. Turkish 6 per Cents., 1862, have
receded to 71-1, I ; ditto Consolides, to 504 51 ;
Greek, to 331 to I ; ditto Coupons, to 18-1, t ;
Spanish Passive are 311 35 ; ditto Certificates,
12k I ; Mexican, 37t 38 ; Portuguese 49f ; the
Confederate, Loan is 1-4 to OI dis. ; and the New
Venezuelan Loan, par to I prem.
In the Railway Share Market the operations
have continued very inactive, and prices have in
several instances exhibited lees firmness. Great
Western, and North Western have declined ss. ;
and London and Brighton, 10s.; Lancashire and
Yorkshire, however, have improved 15s. ; North
4estern (Ber ,Nick), 102. ; and South Eastern, ss.
The Foreign and Colonial undertakings have re-
mained inactive at about previous rates.
Joint Stock Bank and Miscellaneous Shares
continue dull. Imperial Ottoman Bank realised
totl ; Peninsular and Oriental Steam have declined
6:61; International Financial Shares are quoted
eui Pri4m. ; London Financial do., 2 21; Genera
redit, 21 i prem. ; and Egyptian Trading Com -
P4ll, 21 I prem.
t BRITISH FUNDS—CLOSING PRICES.
tank
Stock
4 l'er Cent. Reduced Annuities .. 91/ 1 1 1
' Nveer ent. Consols Annuities 92 i
A 3 per Cent. Annuities
1:?:11luties, 30 yrs, expire sth Jan., ,880 —
I._ pP!tto for 30 yrs, expire sth April, 1885 l4
tto (Red Sea Telegraph), Aug. 1908 —
D-Le la Stock
tto 5 per Cent
Ditto
Enfaced Paper, 4 per Cent .. tto 5 per Cent
DittoD Debentures, 4 per Ct., Oct„ 1863 1001
r,:, Bonds t hum.. . l2 pm
to'itto upder £1,000..
toasts for Account, July 9 921 1
ILL March June
--'4equer Bills, 5,1,000 21 per Cent... 2 dis Ipm 1 die
1, Ditto 1.600 2 dis Ipm
'440 Small • 2 dis Ipm
er
'"brasilian 5 FOREIGCN FUNDS—CLOSING PRICES.
.
bitt P ent
q; 044 per Cent., 1852-68-60
U'ill 6 per Cent
(PrlPtian 7 pet Cent loof
eek per Cent., 1824-5, ex-Coupons —
Ditto. Account 3Bl Wii
xtaritto Coupons l9/ 184
ke..l2.'t 5 per Cent. (Maremmana Railway) 801 11 1
TVcan. 3 per Cent
ji '4O Account 3B 74 a
ew Granada
321
I,oDrtitto 2 per Cent.
bitzgoese 3 per Cent., 1853
b!, to 3 per Cent., 1856, '7, '9, '6O, 62 —
kat:it° Account 49/
Ditto 41
5 per Cent., 1822, £ St —
41 per Cent., 1850
Aiitto
'Vanish Viper Cent., 1862
per Cent
Ditto New Deferred
Ditto Account—
bate. Passive
not
funded .. ......
Ditto Account
epanish. Cert. of Coup
Ditto Account ....... .
121 /
Turkish 6 per Cent. 1854
nitto Account —
................ 92i 3
ditto 6 per Cent. 1858 ..............
bitto Account 7Ol
Ditto £lOO Bonds 7;i
Ditto 6 per Cent. 1862
Ditto Account .. 711 i
Ditto 6 per Cent. 1863, £3 19s 4d paid / f 1 pm
el)itto Guaranteed, 4 per Cent. lO3
Ditto Account...- 2.5i 6 5k i
-;;liitto 6 per Cent., 1862
-ii.Ltio Account 5Bl 9
''''itto 14 per Cent
ita,va Dividends on the above payable in London.
DI. ri, 5 per Cent., 1861, Ex. 25 francs —
itto Account ...... 721
Con , TWO O'CLOCK.
-801 s Money
4ittoA.ccount
- 4
1

-11 R ST. GEORGE'S CHALLENGE VASE.—It will be
Rra..u.f •
to knoYlvig to the volunteers throughout the country
co,. w that an additional prize has been decided upon by
Lindsay to be awarded to the winner of this beautiful
kit, •
8:ZI the contest at Wimbledon.
purse of five dragon
ei n A.
gns will be found inside the vase neon presentation
"L'e Crystal Palace, in addition to the gold and enamelled
4tvwelof St. George, &c. The entries for the selection of
~?resentatives from the various battalions in England,
(Al a ,
1,,, , `Vale are rapidiy progressing ; but as the
be!Wandclose on the 26th of Jane, the adjutants and shoot-
.e^ramittees of such battalions have no time to lose,
in mind that there is no limit to the number of
ettri.
b. '8 of Competitors for selection, at 2s. each, provided
Dt /' are in all respects qualified according to the rules. A.
tatli,t°g"Ph of the vnse will be presented to every represen-
n, v_e in the contest at Wimbledon, which, together with
his `.° distinguishing. badge, he will receive on application for
Pak-ticket.