The Sun.
London, England, 1863-03-24 00:00:00

XOgEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

The demand for discount accommodation is rather
active, and the rates remain without the slightest
alteration.
The bar silver brought by the West India
steamer has been disposed of at ss. lfd. per oz.
Subscriptions are invited for Canada 6 per Cent.
Debentures to the amount of £50,000, on account
of the Quebec Harbour Commissioners.
During the last few days there has been very
little animation in the Foreign and Colonel Produce
Markets. Fee, sugar, rice, and spices have re-
mained at about previous rates. Coffee had con-
tinued at full quotations, while tallow has been
inactive and slightly cheaper for both present and
forward delivery.

There is an increase of .£1,208 in the traffic receipts
01 the Brighton, and of £1,212 on the South Eastern
for the past week.

At the first half-yearly meeting to-day of the
Indian Carrying Company, Sir Macdonald Stephen-
ton in the chair, the report of the directors states
that in the several presidencies and cities branches
live been opened, and negotiations for the transter
of the carrying business of the Great Indian Penin-
sula Railway were being arranged. The Madras
Maid Coach Company have already ceded their
business to this company.

A meeting of the proprietors of the Commercial
Bank of London was held to-day, Mr. Jackson in
the chair. The following report was submitted to
the proprietors : _ _

- .
" The directors have now to place before the shareholders
the results, as shown by the annexed statement, of their
eS)rts to wind up and bring the affairs of the bank to a
close; and they need hardly say that the task has been,
and still is, a most anxious and arduous one. At the date
of the transfer of the business of the Commercial Bank of
London to the London and Westminster Bank, the banking
liabilities were £1,052,500, and to the shareholders £300,000;
total, £1,352,500. The liabilities have been reduced up-
Wards of £1,000,000, and are now only £33,000 ; and the
capital of £300,000 is now £150,500 ; total, £183,500.
Speaking broadly, it may be said that the banking liabilities
were paid off, and one .half of the capital returned, within a
few months of the business having been transferred, and
this under such adverse circumstances as must always at-
tend a sudden winding up of loan and discount transac-
tions. The liabilities of the Bank being now reduced, as
Stated above, to £33,000, against which there are assets to
the extent of £39,000, the proprietors are practically re-
leased from all outside obligations; the balance of this
amount, and the mortgages on land and property, consti-
tute the source from whence they are to bok for the return
Of the remainder of their capital. This property the direc-
tors expected ere this to have sold; but the negotiation not
having terminated in so desirable a result, the affairs of the
bank have now reached a point beyond which they feel
they ought not to proceed without further consultation with
the shareholders."

A discussion ensued upon a proposition for the
adoption of the report, and several of the share-
holders complained that the statement of accounts
rendered were not sufficiently explicit, and that
many of the assets had not yet been realised. The
meeting was proceeding when this report left.
The obligations of the South Italian Railway
Company are attracting attention ; they yield an
annual interest of 64 per cent., and numerous appli-
cations have been already received by Messrs. Louis
Cohen, and Sons, who were entrusted with their
negotiation.

Two o'CLocK.

At Paris, this day, according to Mr. Reuter's
telegram, the 3 per Cent. French Rentes were
69f. 30c. to 69g. 25c. Fiat.
The market for the English funds closed yester-
day afternoon with a very buoyant appearance, and
increased firmness is now apparent, although very
little further fluctuation has occurred, Consols being
921 ; for transfer, and 921 1 for the account. The
.
eNv 3 per Cents. and the Reduced are 901 911,
'elg buoyant ; Exchequer Bills remained at 53. to
2% die.; India Stock has ieceded to 227 ; ditto 5
13(r Cent. Loan was firm at 1081 I.
The transactions in the Foreign Market have
begin of a moderate character, and prices after
showing buoyancy have since reacted. Greek
Bonds have been 22Z 1, and are now 21; ',21;
Turkish 6 per Cents., 1854, realised 901 ; do.,
1868, are 681; do., 1862, 691; and the Cousolides
are flit at 441 45; Egyptian, 961; do., 2d issue,
; Spanish Passive, 261 ; ; do. Certificates, 93.
The Scrip of the Danish Loan has been dealt in at
Par ; the Italian Loan is 4 1 prem., and the Con-
federate is 21 t prem.
In the Railway Share Market the dealings have
been restricted, but several of the principal under-
takings are a shade firmer. Manchester, Sheffield,
and Lincoln, North British, South-Eastern, and
Great Western have improved ss. ; while London,
Chatham, and Dover have improved 10s.
The Foreign and Colonial lines remained at
steady quotations. Great Luxembourg realise
6.1 1; Bombay and Baroda, 1051; East Indian
Improved to 107 ; Great Indian Peninsula 1061 1 ;
and Scinde to 1061.
Joint-Stock Bank and Miscellaneous Shares were
th some instances rather flatter. London and Bra-
zilian declined to 301 Q ; London Chartered of
Australia to 271; and Royal Alail Steam to 601.

BRITISH FUNDS—CLOSING PRICES.
a Per Cent. Reduced Annuities
a
New
Cent. Consols Annuities ..
I'43W 3 per Cent. Annuities . 9Ol 11 901 11
`lliniuties, 30 yrs, expire 6th Jan., 1880..
Ditto (Red Sea Telegraph), Aug. 1903. 21 7-16
India Stock 227
Ditto 5 per Cent
Ditto Enfaced Paper, 4 per Cent .. 95
consols
5 per Cent
uonsots for Account, April 8 921
xcliequer Bills, £lOOO, 21 per Cent 5 2 dis
Ditto Small ................
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent ...........
Ditto 41 per Cent. 1852-58-60
Danish 4 per Cent., 1863
Ditto Scrip, £l5 paid
Egyptian 7 pei Cent
Ditto, Second Issue
.......
Greek 5 per Centl 1824-5, ex-Coup ms.. 22119 ll 2f /
Ditto Coupons
Mexican 3 per Cent
New Granada
Ditto Land Warrants (Hectares) .. 6
Russian 5 per Cent., 1822, £ St —
Ditto 41 per Cent., 1850..
~. Ditto 6 per Cent., 18(32
6 ardinian 6 per Cent.
~ Ditto Account
84
qanish 3 per Cent
26
Ditto Passive
SPanish Cert. of Coup not funded ...... 91
Turkish 6 per Cent. 1854
Ditto Account, __ 9oi I i
Ditto 6 per Cent. 1858
68
Ditto Account
Ditto 6 per Cent. 18 i 2
_Ditto Account 691 9 1
Venezuela, 3 per Cent
Ditto Account 231
Ditto 6 per Cent., 1862
Dividends on the above payable in London.
Italian, 5 per Cent., 1861, Ex. 25 francs —
"Mt° Account 7O 691
THREE O'CLOCK.
Consols Money
Ditto Account
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