The Sun.
London, England, 1863-06-02 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

The inquiries for discount accommodation are
very well maintained, a large amount of business
being transacted in the open market as well as at
the Bank of England. Although 4 per cent. is asked
in most instances for the best three months' bills,
exceptional operations are reported at 3;i- per cent.
The steamer La Plata, for the West Indies, has
taken out £19,413.
The Witch of the Tees has arrived from Otago
with £120,000.

The operations in the Foreign and Colonial Pro-
dues Markets during the last few days have not
been very extensive. A large quantity of tea is
announced for public competition to-day. Sugar
has been in fair request, but at slightly reduced
prices, while coffee, rice, and cocoa have remained
without material change in values. The tallow
market has continued dull, and quotations are
depressed for both present and future delivery.
The preliminary prospectus of the English and
Russian Bank, for which a capital is required of
£2,500,000, in shares of £lOO each, has jast
appeared. It is to be established under an exclu-
sive concession from the Government for the open-
ing of branches in any part of the Empire, and, as
the bank will be the first introduced upon English
principles, highly satisfactory results are antici-
pated, particularly as additional facilities are needed,
and the trade of the interior is large and rapidly
increasing. The extraordinary high rate of interest
which money commands in Russia is another cir-
cumstance in favour of the enterprise. The under-
taking altogether appears likely to prove very
remunerative.

The London and Lisbon Cork Wood Company re-
quires a capital of £lOO,OOO, in shares of £5 each.
The chief object in view is to carry on an extensive
trade in cork, for which purpose satisfactory ar-
rangements are said to have been made. Exclusive
privileges have been secured, together with valua-
ble leases, and the directors appearjustified in anti-
cipating the success of the enterprise. The shares
area 14 prem.
The annual meeting of proprietors of the Bank
of British North America was held to-day The re-
port presented by the directors expressed regret at
the continuance of the civil war in America, which
necessarily exercised an unfavourable influence on
the commercial relations between the United
States and the British Provinces. As yet there is
no evidence of a revival of the demand for manu-
factured lumber, which formed so important an
article of trade in Western Canada. Under these
adverse circumstances, it wss gratifying to advert to
the manner in which the British provinces had sus-
tained their commercial credit. Comparatively few
failures had occurred during the past year; and it
was satisfactory to state, that none of them were ex-
pected to result in serious loss to the Bank. The
statement of accounts chewed a net profit for the
year 1862, after providing for bad and doubtful
debts, of £61.632 ls. 2d.; out of which amount the
directors had declared a t alf-yearly dividend pay-
able on and after the 6th July next, at the rate of
six per cent. per annum, free of income tax, leaving
the sum of £1,632 ls. 2d. to be added to the rest
or balance of undivided profit, which, including that
addition, amounted, on 31st December, 1862, to
£128,610 Bs. 3d, after providing for the dividend
Cut was paid in January last.
Mr. Robert Carter occupied the chair, and, in
moving the adoption of the report, referred to the
operations during the year, which be believed,
under all circumstances, was satisfactory. In reply
to questions he stated that the shareholders were
not liable for more than the amount of shares paid
up, as the bank was established under a Royal
charter, and which would expire in 1870. The re-
port was unanimously carried.

Two O'CLOCK.

At Paris this morning, according to Mr. Renter's
telegram, the French 3 per Cent. Rentes were
69f 45c., 69f. 50c.

The Funds continue pfrfectly stationary, Cot-
sole being 931 fi for transfer, and 921 less the
dividend for the 9th inst. It is evident the general
condition of the market is exceedingly firm, other-
Wise heaviness might be expected from the inac-
tivity of business. There has been no alteration in
Exchequer Bills, the New Threes and the Re-
duced Annuities. Bank Stock is 234 i, and India
Stock, 232, 234 ; India 5 per Cents, are 1078 i
ex div.

The Foreign Market opened with a buoyant
aspect, but symptoms of depression have since been
apparent. Turkish 6 per Cents., 1862, are 72 4 ;
do., Consolides, 51i I; Mexican, 34T5,- s ; Greek,
33 a ; do., Coupons, 158 s ; Spanish Passive, 34k I;
Venezuela, 59 ; Portuguese, 50 ; Peruvian, 90k
Russian, 92,1 ; and the Confederate Loan, 21 to If
die.

The operations in the Railway Share Market
continues moderately active, and prices have exhi-
bited a slight upward movement. London, Chatham, and Dover have been particularly buoyant,
and advanced £1 to £1 ss. Caledonian, Great
Eastern, and North British, each improved .59.,
-while South Eastern have declined ss.
The Foreign and Colonial undertakings exhibited
little change of importance. Great Luxembourg
realised 142. i ; San Paulo, 22i 2317 East Indian,
1091 d ; Bombay and Baroda, 1091.
Joint Stock Bank and Miscellaneous Shares
generally sustain previous prices. London Char-
tered of Australia improved to 284 291, and Royal
Mail Steam to 621. International Financial Com-
pany Shares are quo•ed 6/ to 61 prem. London
Financial ditto, 18 21 prem. ; and General Credit,
31 I prem.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock 2344 5
3 per Cent. Reduced Annuities
914._
/ 4
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
New 24 per Cent. Annuities.......
New 34 per Cent. Annuities
Annuities, 30 yrs, expire 6th Jan., 1880 ex div
IDitto for 30 yrs, expire sth April, 1885 l4 15-16 15
ndia Stock .................. 232 4
Ditto 5 per Cent ................... 1074 / xd
Ditto Enlaced Paper, 4 per Cent, .....
Ditto 5 per Cent ....................
Ditto 54 per Cent ..................
Ditto bonds 51,000 ................
Ditto under £l,OOO .............. 10 14 pm
Bank Stock for Account ....
Consols for Account, June 9........... 924 / 2 Exchequer Bills, £l.OOO 24 per Cent.... par 4 dis
Ditto E500
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 44 per Cent., 1852-58-60
Chilian 6 per Cent.
Ditto 44 per Cent. ..............
Equador New Consolidated, 1 per Cent —
Ditto, Provisonal Land Warrant.
Egyptian 7 per Cent
Ditto, Second Issue .. ...... ..
Greek 6 per Cent., 1824-5, ex-Conpans
Ditto Account
Ditto Coupons ..............
Italian 5 per Cent. (Maremmana Railway) 81 801 11
Mexican 3 per Cent ....
.....
351 4i 5
Ditto Account.
95:
Moorish Imperial 5 per Cent
New Granada
Ditto Deferred
Ditto Land Warrants (Hectares) 7/
Peruvian 44 per Cent.

Ditto 41 per Cent. 1862
Ditto Account 9Ol a 1
Portuguese 3 per Cent., 1853
Ditto Account 5O
Ditto 3 per Cent , 1856, '7, '9, '6O, 62 —
Ditto Account
941
Ru"la per Cent., 1822, £St
Ditto 41 per Cent lB5O
Ditto 5 per Cent , 1862
Sardinian 5 per Cent
Spanish 3 per Cent
Ditto Account 55
Ditto Passive
Ditto Account ***********
*** ************* 54i Spanish Cert. of C.;;;Ip. * •n*o.t. ******* *** ***** * * * 3
41
Ditto Account ** *********
Turkish 6 per Cent. 1854 ****** 121
1-
Ditto 6 per Cent. 1858 * •*** * *********
771
Ditto Account ************* • 13—
Ditto 6 per Cent. 1862. • •
"'Ditto Account ****** **** ******** 771
Ditto Guarar teed, 4 Pe.; ******•************** .1321-
Venezuela, 3 per Cent ***
Ditto Account ******************
Ditto 6 per Cent., 1862 ************** 26 5i
Ditto 11 per Cent ..""•••'• •• 'l93h 19 8i 9/ 8;
Dividends on the above** *******************
Dutch 21 per Cent., Ex. 12 Guil ***** ***
Ditto 4 per Cent. Certificates *******
Italian, 5 per Cent., 1861, Ex. 25 francs *
Ditto Account.
Ditto Scrip, 1863, £l4 4s. paid ******** 21 put
THREE O'CLOCK.
Consols, Money
Ditto Account

13.14.
45
10
et
at
50
20

6.4.0

19.1&4

12.10