The Sun.
London, England, 1863-05-26 00:00:00

COMMERCIAL INTELLIGENCE.

AND

CITY, TWELVE O'CLOCK.
There is a large supply of money on offer in the
general discount market, but the inquiry for accom-
modation is :very moderate, the mercantile classes
merely obtaining the assistance they immediately
require, and in many instances they are well pro-
vided. The quotations, nevertheless, exhibit steadi-
ness, discounters showing no inclination to afford
greater facilities at present, but the negotiation of
first-class bills at 31, when 4 per cent. is required
at the Bank of England, enables them to secure a
large proportion of the current business in the
market.
In the Foreign and Colonial Produce Markets
het intervention of the Whitsun holidays has in
some measure interfered with the usual course of
business. Sugars have been inactive, and prices
have in come instances slightly given way. Coffee,
rice, fruit, and spices have remained without any
material change in values; while tallow has been
very inset:ye for both present and future delivery.
The Committee of the Stock Exchange have ap-
pointed Monday next fora special settlement in th•
shares of the London Financial Association and in
the new £4O shares of the Bank of Australasia.
The dealings are to be recorded in the bi-weekly
official lists.
Letters of allotment for the shares in the London
Band of Scotland are to be delivered to-day.
The progress of business in the tea trade is thus
reviewed by Messrs Layton, Hulbert, and Co., in
their circular, dated the 25th inst. :
" The past fortnight has not produced any improvement
in the general character of our market, and great disap-
pointment continues to be felt at the course it has taken.
The comparatively excessive export from China, and the
amount of stock here, doubtless induce that extreme caution
which at the moment characterises the operation of dealers
both at home and in the provinces; meanwhile, the busi-
ness to report shows rather easier prices for common to fair
black and red-leaf congous—say from ls. 3d. to Is. Bd. The
grades above these quotations are as before advised. The
advance in fine teas, which are becoming scarce, is fully
maintained. There is no alteration in the value of broken.
leaf and common congou. Tayshans are as last advised, so
also medium souchongs and all oolongs and flowery pekoe.
Scented teas are in rather more enquiry, but prices are not
improved. The character of the green tea market is not
materially changed ; there is perhaps a little more inquiry
for export. The recently arrived parcels of good and fine
moyunes have met with a very ready sale at full prices,
while the common kinds of young hysons are as dull as
ever. Canton gunpowder is saleable at Is. to Is. hi. per lb.
Young hyson quite neglected. There have been no public
sales since the 10th; a series is announced to take place on
the 2d Juno

The traffic receipts on the Ottoman Railway
Company for the week ending the 10th inst., on
481- miles open, amounted to £509 18s. Bd., while
for the corresponding week in last year, on 40 miles,
they represented £325 12s. 5d., showing an actual
increase in the money received of £l4B Gs.
The Alexandra Hotel Company has recently been
announced with a capital of £120,000, which it is
proposed to raise by shares of £lO each. The
conversion into one Grand Hotel the six
large mansions (including Wallace's Hotel) at
St. George's-place, Hyde-park Corner, command-
ing direct and uninterrupted views over Hyde-
park, Rotten-row, and the Serpentine, is the
object for which this company is projected.
The possession of so grand a site, with buildings
already completed, and with an established con-
nection of the highest character, are supposed to
present advantages which the promoters consider
to be almost unequalled in any similar project
lately brought forward. The purchase-money, in-
cluding the good-will of the hotel, together with
furniture, alterations, &c.,will not exeeed£loo,ooo.
The appointments will be on a scale of great mag-
nificence, and the accommodation will include
✓drawing and reception rooms adjoining in suites,
after the manner of the Continental hotels.

Two O'CLOCK.

At Paris this morning, according to Mr. Renter's
telegram, the French 3 per Cent. Rentes were
69f 55c.—heavy.
There has been no alteration in the market for
the English funds to-day, and the dealings have
been ieiy limited, not the slightest disposition
being evinced to extend speculative engagements.
Consols remain a: 93/ for transfer, and at 92/ t,
less the dividend, for the account. The New Three
per Cents, and the Reduced Annuities remain steady
at 91! ; Bank Stock has declined to 233 ; the 5
per Cent. Indian Loan is firm at 1099 1109, and
the 5 per Cent. Eafaced Paper at 1071 ; India Bonds
are marked 12s. prem.; and Exchequer Bills remain
steady at 2s. to 4s. prem.

The transactions in the foreign market have been
rather numerous, and the tendency of some of the
quotations has been unfavourable. Turkish Con-
solides were 50/ t, but at one time they were rather
lower. Turkish 6 per Cents., 1854, have been
marked 894 ; ditto, 1858, 70 ; ditto, 1862, 71i I.
The Confederate Loan is 1 / 1 discount. Greek
Bonds are 32 1 1, and the Coupons 14f 15. Spanish
Passive have been 32t 33, but they are now 331-
and the Certificates are 111 t. The latest quota-
tion of Mexican is 35Z,-
In the Railway Share Market only a limited
amount of business has been transacted, the dealers
and speculators being occupied with the half-
monthly liquidation; prices, however, have in some
instances shown rather less firmness. Lancashire
and Yorkshire, and South-Eastern have receded
10s. and Great Northern 155., while Bristol and
Exeter have improved £l, and North-Western, 68.
The Foreign and Colonial lines have remained
at steady quotations.
Joint-Stock Bank and Miscellaneous Shares are
in some instances rather flatter. Alliance of Lon.
don and Liverpool have declined to 31i ; Chartered
of India, Australia', and China to 29; and Lon-
don and South African to 261 3.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock ...............
3 per Cent. Reduced Annuitilie ......... 233 41
3 per Cent. Consols Annuities ............ gAt
New 3 per Cent. Annuities ........... •
... 614 I New 2i per Cent. Annuities...
......... 77i -
India Stock ..
Ditto 5 per Cent ..109i 10/
Ditto Enfaced Paper, 4 per Cent. .....
Ditto 6 per Cent
Ditto 51 per Cent
Ditto Debentures, 4 per Ct., ' Oct„ 1863
Ditto ditto April, 1861
bonds 01.000
Ditto under £l,OOO
....
Consols for Account, June 9 92/
Exchequer Bills, £l.OOO 21 per Cent 4 2 dis
Ditto £5OO . Ditto Small .... 4 die
FOREIGN ..................
Buenos A FUNDS—CLOSING PRICES.
Ayres 6 per Cent ..
Ditto A.ecount ........... : ...
:
Equador New Consolidated, 1 . Per C Egyptian 7 per Cent
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coup.ins —
Ditto Account 3lt a 2
Ditto Coupons l4a
Italian 5 per Cent. (Mareirtmana Railway) 79t
Mexican 3 per Cent
Ditto Account 3sa
New Granada l6/
Ditto Deferred 9l
Ditto Land Warrants (Hectares)
Peruvian 41 per Cent.
Ditto 41 per Cent. 1862
Ditto Account BB 1
l'°rtuguese 3 per Cent., 1853
Ditto Account., " 491
Ditto 3 per Cent , 1856, '7,'9, '6O, 62 — Ditto Account 459iY
Ditto Scrip, (1862) £35 paid Russian 5 per Cent. 1822, X St
Ditto 5 Fm
per Cent. , 1862
.. 92/ 21 2
spanish 3 per Cet
i:itto Account .......... Ditto New erred 541.
:Ditto Passive ..... .......
Ditto Account. .
4
spantsh Cert. of COI; ....
RI 2
2; *
Turkish 6 per Cent. 1854 . .. . .
Ditto Acaount...
Ditto 6 per Cent. 1858.•
89t
Ditto Account ,
Ditto, .£lOO Bonds
Ditta 6 per Cent. 1862
j).tto Amount .................. 3
GuariZteed, 4 per Cent.......„ 1-8 4 4-
Ditto. 1631 3 per ent ................
Venezuela,
Ditto Account. .. ........................ 23 4
Ditto 6 per Cent.,
Dividends on the above payable in
Austrian, 5 per Cent., Ex. 10 florins
Italian, 5 per Cent., 1861, Ex. 25 francs..
Ditto Ae, mint 7ll 2
Peruvian Dollar Bonds, 4f per Ct. Ex. 4s.
THREE O'CLOCK.
Consols' Money
Ditto Account • I 92; zd