The Sun.
London, England, 1863-03-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE

CITY, TWELVE O'CLOCK.
The rates of discount continue firm, and there is
a steady demand in the open market as well as at
th, Bank of England.
The next drawing for bills of Exchange on India
will take place on the 18th inst., the amount being
.X 400,000.
The Ceylon, which left to-day with the Bombay
mails, conveyed £8,700 in gold, and £212,250 in

The Universal Marine Insurance Company's
third ordinary meeting of shareholders is now being
held. The report presented by the directors states
7that the amount paid in the course of 1862 out of
the funds of the company for adjustment cf
extended to £326,153 9s. sd. ; of this sum, £237,112
Os. 10d. proceeded from the business of 1860 and
1861, and the directors are now able to announce
that, by its payment, the liabilities of those two dis-
astrous years have all but terminated. The claims
paid up to 31st of D,cemher, 1862, amounted to ,
£B9 041 Bs. 7d., leaving, therefore, a balance of
£124,000 of premiums against the risks outstand-
ing on that day of less than £3,500,000.
The prospectus has been published of a loan for
Salvador. The amount is £400,000 in an 8 per
cent, stock, at the price of 85, with a 3 per cent.
accumulative sinking fund. The instalments are
spread over a period of six months, the stock
is redeemable at par, and the authority for its
negotiation being complete no ratification will be
required. The money is to be applied to the esta-
blishment of a hank, building three piers, the
construction of bridges ana tramways, ..nd the
importation of skilled artisans, all of which are
much required, in order to develope the resources
of the country. All the revenues obtained from
the works thus constructed, and one-half of the
Customs duties, are to be hypothecated as security
for the interest and sinking fund, and the Bond-
holders may nominate their own agents for the
collection of these revenues. The prospectus states
that Salvador has neither an internal nor external
debt, an-1 that the population has largely increased
within the last three years. The quotation is Ito
2 prem.
At a meeting held yesterday of the creditors of
Messrs. Janvrin, Grassie, and De Lisle, who failed
with liabilities for about £90,000 in December last,
it was resolved, after a long discussion, to place the
estate in bankruptcy.

The last week's railway receipts, ascertained up .4,
to this day, are in round figures b.s under : ti
1863. 1862. si
Great Western £53,811 £48,915
North-Western
South- Western
Great Northern
Lancashire and Yorkshire 31,770 29,668 1,
Brighton
dand - ii
39,635 35,71 a ~
North-t E astern
South-Eastern 19,423 15,380 i
Bristol and Exeter
6,876 6,582 at
'Edinburgh and Glasgow ..
Grand Trunk of Canada .. 18,553 18,409
These returns are in most instanees of a satisfac- st,
tory character. On the Great Western there is an l,
iu:trease of £4,896 ;on the North Western of £8,067; lill
on the South Western of £4,066; on the Great ti
Northern of £2,917; on the Lancashire and York- 1:
shire of £2, 02 ; on the Brighton of £3,365; on
sty
the Midland of £3,920 ; on the Nort h Eastern of
£2,513 ; on the South Eastern of £4,043 ; and on si
the Grand Trunk of Canada of £149.

Two o'CLocK.

At Paris, this day, according to Mr. Reuter's
telegram, the 3 per Cent. French Rentes were at'
69f. 85c. to 69f. 90c.—Firm.
Continued basiriess has prevailed in the market 4,,
for the English Funds to-day. several sales, partly 11
for delivery, having taken place, which caused an
additional decline of full per cent. The tendency
seemed to be unfavourable, and speculation inuc- '
tive. Consols are 92k for money, and 92i a for the
account, The New Threes and Reduc, d Annuities
are heavy a' 901 t; India Five per C iits. are 1(t8
and the 51 per Cents. E:ifaced, 1!2; Exon,qut..r
Bills al e par; and busines has taken p,,,ce in Indian
Bonds at 18s. to 20s. pt.( m.
In the Foreign Market there is rather more
animation, but prices are heavy. OA Turkish 6
per Cents. are 898 901; do. 1858 have receded to
681 ; do. 1862 to 681 691, V. nezu. t 6 per
Cents. to 59 I, Italian to 69i, do. Marernmana R
ail-
Way Loan to 71i 72 ; but Greek have improved to
20 ; Mexican have declined to 311 1, Spanish
Passive to 61 and the Certificates to 91
Business in the Railway Share Market continued
Moderately active, anO, owing to the favourable
character of the traffic on most of the principal
lines, prices exhibited rather less depression.
Great Northern, ~nd London and Blackwall re-
ceded ss. ; South E astern, 10s. ; and South-
Western, 15s. North Eastern (Berwick), however,
improved 10s.
The Foreign and Colonial lines were inactive,
and the few dealings reported were at about pre-
vious quotations.
Joint Stock Bank and Miscellaneous shares were
in moderate favour. Bank of London :have im-
proved to 116 ; London and South African, to 261 ;
Ottoman Bank declined to 411 ; Peninsular and
Oriental Steam realise 73i 8 ; and Royal Mail
Steam, 59f 60.

BRITISH FUNDS—ONE O'CLOCK.
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities , , 92/ 2
New 3 per Cent. Annuities
India Stock ...•••••
Ditto 5 per Cent
Ditto Enfaced Paper, 4 per Cent .. _
Ditto 51 per Cent.
Ditto Debentures, 4 per Ct., Oct., 1863
Ditto ditto Aug. 1864 or 66 100
D 't, Bonds t: Lou° ...,
Ditto under £l,OOO
Consols for Account., April 8
Cent............ 921 /
Exchequer Bills, £lOOO, 21 per , par
FOREIGN FUNDS—ONE O'CLOCK.
Brazilian 5 per Cent ... .....
Ditto 41 per Cent., 1852-58-60 ..... . 93k
Ihilitin 6 per Cent. _
D ;to 61 per Cent
Danish 3 per Cent., 1825 —
Ditto Scrip, £l5 paid 1 i i Pm
Egyptian 7 pet Cent 061
Greek 5 per Cent., 1824-5, ex-Coup 'nth 2O 1
Ditto Coupons
I' ,o,:m t per gent. ( ‘laremmana Railway . 711 2
Mexican 3 per Cent . ...
Ditto Account
N9w Granada
Pe !, 4i per cent.
~-
Ditto 4A per Cent ~1862 ..
iirto Account. 873/4
Portuguese 3 per Cent., 1853 ..........
Ditto 1862
Russian 5 per Cent., 1822, £ 5t........
Ditto 5 per Cent., 1862
Sarlinian 5 per Cent. .... • •
Ditto Account
Spanish :i per Cent
Ditto Account..
IY.tto Passive
Spanish Cert. of Coup not funded .. 9a 1
Turkish 6 per Cent. 1854
Ditto Account 9O
Ditto 6 per Cent. 1858
681 1,
Ditto Account ..
Ditto 6 per Cent. 1802
Ditto Account 69 1 81
Venezuela, 3 per Cent
24
Ditto Account
Ditto 6 per Cent., 1862
London.
9
Dividends on the above payable in
Belgian 41 per Cent., Ex. 25f
Dutch 21 per Cent., Ex. 12 Gail 64/
Italian, 6 per Cent., 1861, Ex. 25 francs —
Ditto Account ..................
TWO O'CLOCK.
Console, Money
Ditto Account .......... •

At the first day's sale of the paintings belonging
to M. Meffre, the well known dealer in Paris, the
highest price (13,000 f) was given for an Italian landscape,
by Both; a sea view by Backhuisen, called "The White
Sail," was sold for 6,8001; a " Shepherd Reposing," by
Berghem, brought 4,700 f ; a "Child Dressing," by Ter-
burg, 4,5001; and a " Night Scene in the Environs of
Haarlem," 2,650 f, The majority of the pictures belonged
to the Dutch and Flemish schools ; but there were a few
French ones, among whichthe most remarkable was David's
" Belisarius," which sold for 7,1501. The only works of
contemporary French painters wore two by M. N. Diaz,
"A Forest Scene," which was knocked down at 1,5501, and
the 4, Fairy with the Pearls," at 3,500 f.
The Liverpool, New York, and Philadelphic.
Steamship Company have this week added a new
steamer to their line, called the City of Cork, built by
Messrs. Denny, of Dumbarton, of 1,550 tons; and the new
steamer City of London, of 2,560 tons, by Messrs. Tod and
M'Gregor, is fast approaching completion and is expected
on the station in the course of the next two months.