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

AND

COMMERCIAL INT:ELLIGENCE.

CITY, TwE_T,VE O'CLOCK.
There is a large supply of money 0 offer in the
general discount market, but the inquiry
for accom-
modation ,classes
is :very moderate, the mercantile
merely obtaining the assistance they immei. tat: y
require, and in many instances they are well pro-
vided. The quotations, nevertheless, exhibit steadi-
ness, discounters shovving no inclination to afford
greater facilities at prevent, but the negotiation of
first-class bills at 3i, 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 some instances slightly given way. Coffee,
rice, fruit, and spices have remained without any
material change in values; while tallow has been
very inactive for both present and future delivery.
The Committee of the Stock Exchange have ap-
pointed Monday next fora special settlement in the
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 Is. 3d. to Is. Sd. 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. Id. 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 June
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
inct else in the money received of £l4B 6s.
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 exceedZloo,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
G9f 55c.—heavy.

There has been no alteration in the market for
the English funds to-day, and the dealings have
been very limited, not the slightest disposition
being evinced to extend speculative engagements.
Consols remain a: 94 for transfer, and at 92k 1,
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 1093 110 k, and
the 5 per Cent. Enfaced Paper at 107 k ; 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 504, but at one time they were rather
lower. Turkish 6 per Cents., 1854, have been
marked 893,-; ditto, 1858, 70 ; ditto, 1862, 711 I.
The Confederate Loan is 1 k 1 discount. Greek
Bonds are 32 kZ, and the Coupons 141 15. Spanish
Passive have been 324 33, but they are now 34
and the Certificates are 111 1. The latest quota-
tion of Mexican is 353, 4.
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-W ss. The Foreign and Colonial lines haveestern, 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 31f ; Chartered
of India, Australia, and China to 29; and Lon-
don and South African to 261 Z.

BRITISH lI:INDS—ONE O'CLOCK.
Bank Stock
233
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
Annuities, 30 yrs, expire 6th Jan 1880
Ditto for 30
India Stock ..... yrs, expire sth April, 1885.
Ditto 5 per Cent .................
i
Ditto Enfaced Paper, 4 per Cent... . .
Ditto 5 per Cent.
I iitto 5f per Cent
Ditto Debentures, 4 per Ct., Oct„. 1863
Ditto ditto April, 1864

Diu. Bonds £l,000
Ditto under £l,OOO ....
Consols for Account, June 9 92
Exchequer Bills, £l,OOO 21 per Cent 4 2 pm
Ditto £SOO
Ditto Small 4 2 pm
FOREIGN FUNDS—ONE O'CLOCK.
Buenos Ayres 6 per Cent
Ditto Account
Equador New Consolidated, 1 per Cent —
Egyptian 7 per Cent.. look
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coup,ms —
Ditto Account ............
Ditto Coupons .. , .......... ....
..
. . 4
Italian 5 per Cent. C0up0n5............
Railway); 79
Mexican 3 per Cent . ...1
Ditto Account ................
.. 5a it
New Granada
.............
16}
Ditto Deferred
Ditto Land 'Warrants (Hectares)
Portivian 41 per Cent.
Ditto 41 per Cent, 1802
Ditto Account BB
Portuguese 3 per Cent., 1853
7,
'9, '6O, 62
Ditto 3 per Cent., 1-056 '
49!
Ditto Account
Ditto Scrip, (1862)
£35 paid.......... 6 p.
Russian 5 per Cent., 1822, St
Ditto 3 per Cent., 1859..
1
Ditto 5 per Cent., 1862
Sardinian 5 per Cent.
Spanish 3 per Cent
Account 541
Ditto New Deferred . .
Ditto Account
Ditto P—
assive
Ditto Account ........
33 24 31 21 33
Spanish Cert. of Coup not funded ...... 4
113 g
Turkish
A 6
cpzeorunCtent. 1854
Ditto
..
Ditto 6 per Cent:lB
8934
Ditto Account • 58
£lOO Bonds.. . . .............
7°
Ditto 6 per Cent. 186'
Ditto Account . 2
Venezuela, 3 per C. 40.111
Ditto Account...
Th.6!2
Ditto 6 per Cent.,
Dividends on the ab.oVe.a.. ... ... in London,
. ....•
Dutch 21 per Cent., Ex. 12 Gm' ...
y.
Ditto 4 per Cent. Certificates
Italian, S per Cent., .1861, Ex. 25 fr.a.n.c.;
Ditto Account .... .......... 717
Peruvian Dollar Bonds, 41 pet' Ct. Ex. ...... 'a
Consols, Money .................TWO O'C LOCK
.... 931 a •
Ditto ACC9Unt "9