The Sun.
London, England, 1863-04-27 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, TWELVE o'CLocic.
There is a moderate demand for discount accom-
modation, and as the rate for first class bills of
three months date hss been reduced to 3 per cent.,
the consequence is a very limited number of appli-
cations at the Bank of England, where 3i per cent.
is required. The inquiry, however, may now be
expected to be slightly augmented owing to the
usual disbursements at the end of the month, the
liquidation of accounts at the Stock Exchange, and
the necessary provision for the bills arriving at
maturity early in May.
The accounts from the manufacturing districts
for the past week have generally been of an un-
satisfactory character. Business at Manchester
continued inactive, without any material change in
the values of either cloths or yarns. The woollen
trade of Leeds, Bradford, and Huddersfield has been
without material alteration, the chief dea ings hav-
ing been in light fabrics. At Leicester and Not-
tingham there has been considerable depression in
the hosiery and lace departments, while in the hard-
ware districts, viz., at Birmingham, Sheffield, and
Wolverhampton, a heavy tone has been generally
apparent.

LThe Bank of Otago is the title of a new joint
stock undertaking, formed for the purpose of afford-
ing to New Zealand those monetary facilities which
the recent large expansion of it 3 commercial enter-
prise now so urgently requires. Ever since 1861,
when the gold fields of Otago were discovered, the
population of this settlement has considerably in-
creased, while the development of its trade has
greatly exceeded the most sanguine expectations of
the colonists. Its gold exports during last two years
have been almost doubled, and its wool shipments
since 1855 hsve increased nearly sevenfold. These
facts are put forward by the directors for the pur-
pose of demonstrating the legitimate character of
their undertaking, and the large field that is ope❑
to them for remunera'ive operations. The cap tat
is fixed at 5500,000, which it is proposed to raise
by shares of £lOO each. The calls are not to ex-
ceed £5 per share, nor to be made at less intervals
than three months.

On the Dutch Rhenish Railway the receipts for
the fortnight ending April 15, 1863, amounted to
£7,977 11s. sid., and for the corresponding period
of last year to £7,592 4s. 62d. ; showing an in-
crease of £385 6s. Ild. in favour of the present
year.

The traffic receipts of the Great Western Railway
of Canada for the week ending the 10th instant,
amounted to £13,558 against. £lO 613 last year.
The directors of the Cape Town Railway and
Dock Company, in their report to be presented at
the ensuing half-yearly meeting, state that the
line has been opened from Stellenbasch to Lap-
mute, a distance of nearly nine miles, and that the
result has been an immediate increase of more than
50 per cent, in the traffic receipts. Another sec-
tion, from Klapmuts to the Pearl, eleven mites in
length, was to be opened at the end of last month.
The short branch into the morning market at Cape
Town has also been completed, and promises to
add to the traffic of the line. During the twelve
months that the line has been partialiy at work, the
traffic has been conducted not only with regularity
and efficiency, but without a single injury to a
passenger or a servant of the company. The revenue
receipts up to the close of the year 1862, show a re-
turn of £18,364 2s. 2d. The working expenses
during the same period, have exceeded the receipfs
by only £1.850 lls. 3d. Since the opening •f the
line to the Pearl the traffic returns have increased
from £l3 to £lB per mile, per week, without a
corresponding increase iu the working expenses.
The capital of the company raised for the construc-
tion of the line amounts to £580,000, of which
£500,000 has been subscribed as Stock, £47,000 in
Debentures for 20 years, from April, 1862, and
£33,000 in debentures for a period of seven years.

Two O'CLOCK.

At the Paris Bourse this day, according to Mr.
Reuter's telegram, the 3 per Cent. Rentes were
69t. 40c.

A moderate amount of business has been trans-
acted to-day in the market for the English Funds,
but it has not led to any material variation in
prices. The tendency, however, has been favour-
able, and Consols are 921 I for money and account.
The New 3 per Cents. are ateidy at 914 ; the Re-
duced at 91/ ; Exchequer Bills have improved to
4s. and 9s. pi em ; India Stock to 228 and 230 ; and
the 5 per Cent. is steady at 1091
A firmer tone is perceptible in the Foreign Mar-
k.t, but the transactions have not been extensive.
Egpptian Bonds are 971 I; Greek, 281 iff, showing
steadiness; and the Coupons remain at 131 ;
Italian, at 704 71 ; the Railway Loan realised 764 ;
Portuguese New Loan, 48; Russian ditto, 954;
Spanish Passive have risen to 30a 6 ; the Ca rtifi-
ea! es remain at 104 e ; Turkish 6 per Cents., 1854,
87i ; do., 1858, 68 ; do., 1862 70 ; and the Con-
solides, 47/ -1-; the Confederate Loan is It 21 prem.
The operations in the Railway Share Market
have not been very extensive, the dee lers and share-
holders having been occupied with the anangements
for the settlement, and prices have not varied to any
important extent. South-Easterns, however, have
improved about 55., and Great-Easterns, ss.
In the Foreign and Colonial undertakings there
bas been little or no variation as regards prices;
Great Luxemburg being dealt in at 141 Z-; East
Indian at 109 and 1091 ; Peninsula at 1091; and
Great Western of Canada at 111 S.
Joint Stock Bank and Miscellaneous Shares con-
tinued dull at about former prices.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock
Ditto 5 per Cent
Mao 51 per Cent
........
92i
Exchequer Bills, £l.OOO 21 per Cent 4 8 pm
Ditto £5OO ............
Ditto Small
pin
FOREIGN FUNDS—ONE O' 9
CLOCK.
Brazilian 5 per Cent
Ditto, 1839 and 1859 •
104
Egyptian 7 pet Cent 97
Greek 5 per Cent., 1824-5, ex-Coup•ms 2Ba 1 i
Ditto Account.. 2B/
Ditto Coupons l3 i
Italian 5 per Cent. (NI aremtnana Railway) 76k
Portuguese 3 per Cent., 18.53
Ditto 1862
Russian 5 per Cent., 1822, £ St
Ditto 41 per Cent ~ 1850 ...
Ditto 1860 ............... 91
Ditto 6 per Cent., 1.862 .............. 951 .5
Sardinian 6 per Cent. ................ 85/
Spanish 3 per Cent .................. 531
Ditto Passive . . ...... .• • . ......... 3 1 1 a a
Spanish Cert. of Coup not funded ...... ipa i
Turkish 6 per Cent. 1854 .............. 871 7
Ditto 6 per Cent. 1858 .............. 68
Ditto, £lOO Bonds
681
Ditto 6 per Cent. 18')2
l'itto Account
Venezuela, 3 per Cent
Ditto 6 per Cent., 1862
Dividends on the above payable in London.
Italian, 5 per Cent., 1861, Ex. 25 francs —l
70
Ditto Account
TWO O'CLOCK.
Consols, Money
Ditto Account 921 a