The Sun.
London, England, 1863-04-16 00:00:00

CONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
The Commercial Institute and General Share
-change is an association recently formed for the
urchase and sale of shares, and also for enabling
ivestors to have a dormant interest in public and
rivate commercial undertakings. The Institute
!eke by the co-operation and association of in-
?stors, the command of large capital, the
tactical experience and energy of men of
osiness, and the economy attending good
.ganisation and extensive operations to undertake
1r individuals the management of trading and
her operations, and there can be but little doubt
iat its merits will be exceedingly attractive to
let large section of the public who are anxious
) find remunerative investments, but not being
inversant with business matters are precluded
.om employing their capital in such descriptions
enterprise. It is stated in the prospectus that
to average profit derived from dormant shares in
.ercantile or manufacturing firms is greatly in
[eerie of that obtainable from shares in joint-stock
inipa.nies constituted on the existing plan, or from
oy other kind of investment, and that the only
ifficulty has been in partnership liability, which the
tsociation will entirely obviate.

The last week's railway receipts ascertained up
) this day are, in round figures, as under :

1863. 1862.
reat Western £56,931 £52,115
orth-Western
outh- Western
righton
lidland
outh--Eastern 20.022 16,858
reat Eastern
reat Northern
aneashire and Yorkshire 32,530 30,093
forth Eastern
ristol and Exeter
idinburgh and Glasgow
rand Trunk of Canada .... 17,209 13,518
teat Western of Canada

These returns are generally of a very satisfactory
haracter. On that of the Great Western there is
n inerease of £4 816 ; on the North Western of
:7,978; on the South Western of 13,062; on the
Irighton of £3 068 ; on the South Eastern of
;3,164 ; on the Great E :stern of £1,899 ; on the
treat Northern of £2,274 ; on the Lancashire and
ro,kshire of £2,437 ; on the North Eastern o
:2,311 ; on the Edinburgh and Glasgow of £176;
n the Grand Trunk of Canada of £3,691; and on
be Great Western of Canada of £3.089. The Mid-
Ind, however, shows a decrease of £54.

Two O'CLOCK.
At the Pdris Bourse this day, according to Mr.
tenter's telegram, the 3 per Cent. Rentea were
Of to 69f. 90c.

The annual meeting of the shareholders in the
)riental Bank Corporation has been held to day.
'he report and accounts for the year 1862 showed
net profit of £193.178 14s. 6d., after defraying
urrent expenses, and making provision for all bad
nd douhtful debts. The directors had already
ivided £88,200, or 7 per cent. of the year's profits,
paving to be dealt with £104,978 144. 6d.; and
hey now proposed to pay a divideud of 5 per cent.
nd a bonus of 3 per cent., making a total distribu-
ion of 15 per cent. for 1862. The present dividend
nd bonus will amount to £lOO,BOO, or £2 per
hare, and will be payable here, free of income-
ax, on or after the Ist proximo, leaving £4,178
4s. 6d. to be carried to the credit of the next
ccount. The directors who retired by rotation
rare Mr. Gordon, Mr. Bonhote, and Mr. Blyth.
dr. Harry George Gordon, who occupied the chair,
coved the adoption of the report, and briefly refer-
ed to the statement of accounts presented by the
iirectors, showing an increase in the deposits of
;1,000,000, and that their discount business had
eat:bed £9,000,000. While the general operations
f the bank continued favourable, he (the chairman)
ould not refrain from observing that a large num-
er of formidable rivals had lately arisen competing
or the banking business of India and China, and
hough the field of enterprise was large, he consi-
lered that the banking requirements were now
xceseive. It therefore behoved the directors
o use all their best efforts and watchfulness
n promoting the interest of the shareholders. In
eply to a question, the chairman stated that the
tank had not sustained any loss whatever from the
ate opium frauds. The report was then unani-
nously adopted, and, after a vote of thanks to the
lirectors, the meeting separated.
Business in the discount market, which wqs
mrtially suspended owing to the expectation of
decline in the minimum, has revived, and the
'aces are firmer-3i per cent. now being the
owest charge for three months' bills.
Notwithstanding the continuance of the rate of
liscount at 4 per cent. when a reduction was ex-
tected, the Funds have shown undiminished buoy-
Lney. Shortly after the commencement of busi-
less this morning buyers came forward, and Con-
sols improved to 924 93 for transfer, and to 93 for
he account; the present quotations are 921 and
)2i 93 respectively, the tendency being a little
utter. Ttie New Threes and Reduced Annuities
have risen to 91-41,- i; Indian 5 per Cents. were
109; I; the Debentures 1001 4 ; the Bonds 15s. to
17s. premium; and Exchequer Bills 3s. die. to par.
General firmness has prevailed in the Foreign
Nlarket this morning, although the dealings are not
very extensive. Turkish 6 per Cents., 1862, are
701 71; do., Consolides, 481 ; Greeks have risen
to 24 4; the Coupons, to 134 ; Spanish Passives
have been 31/ 4, but are now 291 30, and the Cer-
tificates, 10i Portuguese are 48; and Mexican
33; I. The Confederate Loan has neen 1 prem.,
but is now 414 prem.
Business in the Railway Share Market has been
very inactive, and prices have remained without
material alteration.

Joint Stock Bank and Miscellaneous Shares are
in some instances rather firmer.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock 231 6
3 per Cent. Reduced Annuities 9ll +
3 per Cent. Consols Annuities ..... .
3 2/
New 3 per Cent. Annuities 9lt 1 1
Innuities, 30 yrs, expire &th Jan., ImBo
Ditto for 30 yrs, expire sth April, 1885 141
India Stock
Ditto 5 per Cent.
Ditto Debentures, 4 per Ct., Oct„ 1863 1001
Ditto ditto April, Itl6l 100 a
Ditto ditto Aug. 1864 or 66 1001
D Bonds £l.000
Consols for Account, May 7 93
Exchequer Bills, £l,OOO 2i per Cent —
Ditto £SOO

FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 4} per Cent., 1852-58-60
Buenos Ayres 6 per Cent
Ditto Account
94
Chilian 6 per Cent.
Ditto 4 per Cent.. 85
Egyptian 7 pet Cent,......,'.................. 98}
}} 6
Greek 5 per Cent., 1824-5, ex-Coup ins —
Ditto A•tcoant . 2Bi i iii
Ditto Coupons l3*
Italian 5 per Cent. (Dlaremmana. Railway) 75i 5
Mexican 3 per Cent
1
Ditto Account .. 331 i
New Granada l5l
Ditto Deferred
P !rtivhin 3 per Cent.
. Ditto 4# per Cent ~1869 ....
it
f ii:i o Aectaml • •
_
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 5 per Cent., 1822, £ St —
Span
Ditto 53
per e 1 f
eh per C
Cent nt., 1862
95
Ditto New Deferred ..
Ditto Account..
3oi 1 i i 291 30;
Ditto Passive
/
Spanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 -
Ditto Account
Ditto 6 per Cent. itios
I )itto Account
Ditto 6 per Cent. 18'i2
I.itto Account
Venezuela, 3 per Cent Ditto 6 per Cent., 1862'
Dividends
on the above payable in London.
Italian, 5 per Cent., 1861, Ex. 25 francs —
Ditto Account ..
....
THREE O'CLOCK.
Consols, Money
...

It is said that Victor lingo is engaged upon a new
Work, which is to be called "'93," and which is to
be a sort of link between "Notre Dame de Paris" and " Les
Iliserables." He has several other works in hand, but he
has put them all aside in order to devote himself to this. A
Pbiogzaphy of Victor Hugo is shorlly to be published in
aris, under the title of " Victor Hugo, raoonte par up.
haoia do P. yish"