The Sun.
London, England, 1863-08-25 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
The indications of greater easiness, noticed yes-
terday
in discount circles, have been confirmed this
Morning by the general tone of business. The
Mercantile public are now enabled to obtain, with-
out the slightest difficulty, the negotiation of three
Months' bills f per cent. under the official rate of
the Bank of England.
During the last few days there has been rather
more activity in the Foreign and Colonial Produce
Markets. Sugar has fully sustained the late ad-
vance, while there has been a fair demand for
coffee, cocci, and tea, at previous quotations. Rice,
however, has been dull and rather cheaper. In-
creased depression has prevailed in the tallow mar-
ket, and but little business has been transacted
either for present or forward delivery.
The amount of gold taken into the Bank of Eng-
land yesterdqy was £25,000.
The closing prices of the Paris Bourse yesterday
afternoon were 67f. 60c. for money and account,
showing great steadiness.
A special settlement in the shares of the Com-
Plny of African Merchants has been appointed by
the Committee of the Stock Exchange to take place
on the 31st inst., after which the transactions will
be officially marked:
Mr. NV illiam Vaughan Morgan has been elected
a director of the English and Irish Bank, vice Mr.
E. J. Blumenthal, resigned.
The Submarine Telegraph Company held its half-
yearly meeting to-day. Sir James Carmichael,
Bart., in the chair. The report submitted for adop-
tion stated—

" That the accounts for the past six months showed an
increase in the receipts over those of the corresponding
period of :862. During the past half-year 160,404 mes-
sages had been transmitted over the company's wires,
against 137,714 for the corresponding months of 1862, show-
ing an increase of 22,690 messages ; while the receipts,
for such messages had been £22,144 2s 81d,
which, compared with £18,517 18s 81d for the half-year
ending 30th June, 1862, exhibited an increase of £3,626 42.
The proportion of the earnings belonging to this company,
after deducting the working expenses, the repairs of cables
and 10 per cent, on the gross receipts for the reserve fund,
amounted to £6,847 18s 41d, and there remained, after de-
duction of £2,209 14s 7d for interest on debenture and loans,
&-e., a sum of £4,638 3s 91d, from which the directors re-
commended a dividend at the rate of 4 per cent. per annum,
carrying over a balance of £45 14s 71d to the current
account, The allotment of the unissued stock as autho •
rised by the extraordinary meeting, held on the 21st
of April, was well received by the shareholders, and the
applications exceeded the amount to be allotted by upwards
of £12,000. This measure had enabled the directors to pay
off all loans, and further empowered them to issue deben-
tures to the additional amount of £17,688 6s Bd. The total
amount of debentures now unissued was £34,008 6s Bd,
which would become available far the reserve fund after
the balance of £5,663 6s 8d had been repaid to revenue.
The outlay for repairs of cables had unfortunalely been un-
usually heavy. At the present moment, however, all the
company's lines were in good working order."

Two O'CLOCK.
At Paris, this day, according to Mr. Reuter's
telegram, the French 3 per Cent. Rentes were
67f. 67c:

Dulness, combined with remarkable steadiness
in quotations, is still the leading feature of the mar-
ket for the English Funds. No attempt is made to
re-five speculation, and the investing classes are
operating to a limited extent. Consols are never-
theless firm at 9311 for transfer, and 931 Z for account.
Transactions have taken place in the New Threes
and Reduced Annuities, at 931 1 ; Exchequer Bills
are Is. dis. to 2s. prem.; and Bank Stock is 2381;
Indian Stock has been 224 226 ; the 5 per Cents.
have brought 1081 ; Enfaced 5 per Cents., 10IZ ;
do. 31 per Cents., 461; and the Debentures, 1002.
The transactions to-day in the Foreign market
exhibit symptoms of slight activity. Turkish Con-
solides have improved about Z—viz., to 501 .311 ;
the Loan of 1854 has realised 931; do., 1858, is
lower at 721, but do., 1862, indicates firmness at
69' Spanish 3 per Cents. remain at 542 ; the
Passive Bonds have advanced to 344 ;
the Internal ditto continue without alteration at
27-; ; and the Certificates are buoyant at 121 4.
The Confederate Loan has declinedabout 1 per cent.,
the quotations being 24 22 die. ; Mexican are a
little higher at 384 ; Greek Bonds have
fallen to 331 34 ; and the Coupons to 15,1 1611
Portuguese Bonds of 1856.62 continue steady, at
432 ; and Russian 5 per Cents., 1862, show little
alteration at 921; Venezuelan 6 per Cents. remain
at 57i
•

The dealings in the Raiiway Share Market have
not been very extensive, but a firmer tone has pre-
vailed• Caledonian, Lancashire and Yorkshire,
Manchester, Sheffield, and Lincoln, and Midland
have each improved as., while North Western have
declined 55., and London and Blackwall 15s.
For the Foreign and Colonial undertakings there
has been a very limited inquiry, but prices gene-
rally are a shade higher. Great Luxembourg are
quoted 14,1- d ; Turin and Savona, 21 ; Great West-
ern of Canada, 101 ; East Indian have advanced to
1081 ; and Bombay and Baroda to 1071 108.
Bank and Miscellaneous Shares in most instances
fully maintain previous quotations. Crystal Palace
stock, however, receded as., and Electric Telegraph
improved 10s.

1....• .......1.....

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock .................... 2381
3 per Cent. Reduced Annuities ......
3 per Cent. Consols Annuities 93 93ak
New 3 per Cent. Annuities ...... 93
New 21 per Cent. Annuities...
5 Per Cent. .Arinuities ..
Annuities, 30 yrs, expire sth J an., 1880. —
Ditto for 30 yrs, expire sth April, 1885.
Ditto (Red Sea Telegraph), Aug. 1908.
India Stock 224 6
Ditto 5 pet Cent
Ditto Enfaced Paper, 4 per Cent ..
Ditto 5 per Cent
Ditto 51 er Cet
Ditto
Account
r Ch,
Ditto ditto April, 1864
,:bnitto°S7Dtuj3jotitdkunedio ditto Aug. 1861 or 66 1001
.... 16 pm
Consols for Account, Sept, 9 ....
India Stock for Account, 5 per Cent..,. In i
March, ' I Jane,
zelt2l per Cent. 21 per Cent.
Dequer Bills, 4'l nn"
itto -"-•.- • . 1 dis
Ditto Small ... .'.3.°°. . 1 ddii3s 2pm
I 2pm
I 2pm
FOREIGN' FUNDS—ONE O'CLOCK.
EAustrian Bonds Centr C
gyptian 7 per
.. e.ll. .. .......... ............. 815041
Ditto, Second Issue
Greek 5 per Cent.,3111824-g, . e'x'-'6o'n'p' o' Ws ..
..
--
Dpiittttoo Aeocucopuonnst .......... , ............ 34 ; 31
I,Djatuto.Accou‘nt .............................. 1-61 / 151 16
I,4l3,,xliitetaonop3er
re Railway)
per Cent .... ..............
Ai . Account...
38a 1 '
b-f' elw° ri't ?8 :1r
a2n ad a imperial: .............. *.
..
Cent.. ..
..
...... .. .. .. - - 4
.Dittot,,leerr Cent. ........
Ditto LandAV .................
Per tt;,rranta •
(Rectal:es)
Ditto
4i per clu,t* ,o•
Ditto Account, . —'"°62 ....•'
Ditto Portuguese 3 per d ..................... :: 851 6}
Account... nt'' 1863 ....... Ditto 3 per Cent., 1.;:3W . 7.....;
.....
.::
4-81
Ditto Account ......... '•
i '9, '60,62 ..
-itus s i a n 5 per cent., 182 i, .
Ditto 41 per Cent 1850 . £ ..... Ditto 3 per Cent., 1859 ...........
Ditto 5 per Cent, 1862
Sardinian 5 per Cent 92:1 I)itto Account..„
Spanieh 3 per Cent
.......
Ditto Account —
Ditto New Deferred
Ditto Account ........................ ----
Ditto Passive ......................
Ditto Account ..................... 334
Spanish Cert. of Coup not funded .. . ....
__. 4
Ditto Account _
........
Turkish 6 pet Cent. 1854
Ditto Account. .... ................ 93j.
])it to 6 per Cent. 1F `S
Ditto Account 721
Ditto, f;t00 Bonds _
Ditto 6 per Cent, D 62
Ibliittttoo
ti
Acicieunt.et.,.d . .4 .
p.:I ...&.1.0.. ....
V„e itraLi '
'
I); .7i tela 3 per Cent.
..... ••
'tt°
6 (-3 t I.B''''
.....
ipto Account .............
--
14,1 per en ~ J~
' ° Ace°unt
................. ' I
P 1 I)iViel A ...
above payable inLondon.
.....mgia„ envoi on the
At Cent., v - 'sf.
/into, 2i t per .....x. -
Ditto ,1 Per Cent., Ex. 12 (lull ....... 1
02
French it l'el' Cent. Certificates
elites ,
Ex 25f
Ditto'Willi, 5 Per ry per Cent., • .. ni
..9., '4
-at. 1861, Ex. '25 francs
_l5
CCUUIIt.
..
's
• . • .
eJnsol
Ditto Accol, Move TWO O'CLOCK,
y k 1
- t
........ , ..... •,,,91.1 9':-