The Sun.
London, England, 1863-07-07 00:00:00

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
IVAn active demand for money is still experienced
in the general discount market, notwithstanding
the effect produced for the liquidation of tt e bills
due on the 4th has now entirely ceased. The full
rate of 4 per cent. is enforced for the best descrip-
tion of three months' paper, with exceptional trans-
actions at 3i per cent.
The Parana, which has arrived from the Brazils,
bas brought about £15,033.
A special settlement has been appointed to take
place by the committee of the Stock Exchange on
the 13th inst. in the shares of the undermentioned
companies :—The Egyptian Commercial and Trad-
ing Company, Dunaburg and Wisepok Railway
Campany, and the Bank of Otago (New Zealand),
all of which are to be officially quoted, bat the deal-
ings in the last named undertaking are only to be
recorded in the bi-weekly list.
Rather less activity has prevailed in the Foreign
and Colonial Produce Markets during the last few. _
days. Operations on tea have been suspended,
Owing to the approach of the public sales which
commence to-day. Sugar, coffee, and rice have
barely sustained former rates; while saltpetre has
been at enhanced quotations. Tallow has continued
dull for both present and forward delivery.
An undertaking of importance, entitled the
london and African Trading Company, has recently
been announced. The capital required is £500,000
and the first issue will comprise 4,000 shares of
£25 each. The primary object is to barter with 19'
the natives on the West Coast of Africa, English
manufactures for the produce of that portion
of the continent, con sisting of palm oil, cotton,
ivory, ground nuts, &c. It is averred that
the trade of this region has hitherto
been exclusively conducted by individuals who have
realised large fortunes on the system of barter
carried on with the natives. It appears that the
most important article of trade is the palm oil, the
production of which is stated to be unlimited; and
that the nuts of the palm trees are so plentiful that
they are left strewed about the forests to I
rot. Again, the cotton plant, which is indigenous
to the soil of Africa, can be grown in large quan-
tities, and the natives have long been successful in
the manufacture of cloths for their own use. The
prospectus states that the directors have effected a
favourable arrangement with a firm, for many years -
carrying on a lucrative trade in this part of the -
world, for the purchase of its business, and the s..
company will therefore be enabled at once to corn- 1
menu operations. st]

Two O'CLOCK.
At Paris this morning, according to Mr. Reuter's
telegram, the French 3 per Cent. Rentes were
at 68f. 75c.

The market for the English Funds has exhibited
an improving tone this morning, and Console are s
per cent, better. The settlement of the account 81
has made satisfactory progress, which together
B+,
with the brilliant weather for the growing crops
has induced a more confident feeling, and led to a
few purchases for speculative purposes. The
quotations are now 92* for money and 1
the 9th instant, and 921 4 for the August
so count. The market at the last moment presents St
a buoyant aspect. The New Threes are firm at 921,
and the Reduced Annuities are 92 * ; Bank Stock 't
also remains at 234, 236 ; India Stock, ex div., is
marked 224, 225, 227 ; the Five per Cent. Loan
108*1 ; the Five per Cent. Enfaced Paper, 1061, 11
the Bonds are 18s. prem., and Exchequer Bills sti
is. dis. to 2s. prem. st,

A smaller amount of business has taken place in et!
the the Foreign Market than for some time past, and
the quotations show a little heaviness. Mexicans
have been 36; 371 ; Greek, 35 ; and the Coupons
have also tended downwards. There have been ei
dealings in Turkish 6 per Cents., in the 1854 issue,
at 931 ; in the 1862 issue, at 674 68 ; and in the
Consolides, at 504 51, showing steadiness. The sti
Confederate Loan remains at 14 04 die.; Italian 5
per Cents, are marked 7s 4 ; and Portuguese 3 per
Cents., 48k 4.
In the Railway Share Market the operations have
again been of the most limited character. North-
Western have declined about 55., and London and
Blackwell, and South-Western 10s. Caledonian
and South-Eastern, however, have improved ss.
The Foreign and Colonial undertakings remain
inactive at barely previous quotations.

Joint Stock Bank and Miscellaneous Shares are
in some instances at slightly advanced prices. Im-
perial Ottoman Bank realise 191 ; London Chartered
of Australia, 281; Union of Australia, 37; and
Royal Mail Steam have improved to 67/. Interna-
tional Financial shares are quoted 4f, g prem. ;
London Financial, fi to 8 prem.; Egyptian Trading
Company, /to prep. ; and Hudson's Bay Com-
pany, ato prem.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock 234 6
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities 921 i
New 3 per Cent. Annuities
New 2i per Cent. Annuities
,x_nnuities, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire 6th April, 1885.
Ditto (Red Sea Telegraph), Aug. 1908.
India Stock
Ditto 5 per Cent lOB/ i
Ditto Enlaced Paper, 4 per Cent ..
Ditto 5 per Cent lO6l
Ditto Debentures, 4 per Ct., Oct„ 1863
Ditto ditto April, 1864
Di tt,) Bonds/1,000 lB pm
Ditto under £1,000..
India Stock for Account, 5 per Cent —
Consols for Account, July 9
Mardi' I June

Exchequer Bills, £l,OOO 2i per Cent..
Ditto £SOO
Ditto Small .. —
FOREIGN FUNDS—ONE O'CLOCK.
Braiilian 5 per Cent
Ditto 4i per Cent., 1852-58-60
Cbilian 6 per Cent —
Ditto 4i per Cent.
Danish 4 per Cent., 1863
Greek 5 per Cent., 1824-5, ex-Coupons —
Ditto Account 351 i 5
Italian 5 per Cent. (Maremmana Railway) 78 I
Mexican 3 per Cent
Ditto Account 371 6/
Peruvian 41 per Cent.
Ditto 1862 ..
Ditto Account
"Portuguese 3 per Cent., 1853
Ditto 3 per Cent., 1866, '7, '9, '6O, 62..
Ditto Account .. 481 1
Russian 5 pm. Cent., 1822, £ St 941
Sardinian 5 per Cent
Ditto Account.. 9ok
Turkish 6 per Cent. 1854 —
Ditto Account .. 921
Ditto 6 per Cent. 1862
Ditto Account .. 68 71
Ditto Guaranteed, 4 per Cent.
Venezuela, 3 per Cent
Ditto Account ..
Ditto 6 per Cent., 1862
Ditto Account s7i i
Dividends on the above payable in London.
Italian, 6
per Cent., 1861, Ex. 25 francs —
Ditto Account 7lk 1

TWO O'CLOCK.
Consols, Money
Ditto Account ...... 92i
92