The Sun.
London, England, 1863-04-16 00:00:00

ON E Y MARKET

AND

COZIkiERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
TI Commercial Institute and General Share
Exchange is an association recently formed for the
)11rchase and sale of shares, and also for enabling
nvestors to have a dormant interest in public and
?rivate commercial undertakings. The Institute
;eeks by the co-operation and association of in-
7ssters, the command of large capital, the
iretical experience and energy of men of
iusiness, and the economy attending good
irgaoisation and extensive operations to undertake
"or individuals the management of trading and
)ther operations, and there can be but little doubt
that its merits will be exceedingly attractive to
that large section of the public who are anxious
to find remunerative investments, but not being
conversant with business matters are precluded
from employing their capital in such descriptions
)f enterprise. It is stated in the prospectus that
the average profit derived from dormant shares in
mercantile or manufacturing firms is greatly in
excess of that obtainable from shares in joist-stock
companies constituted on the existing plan, or from
any other kind of investment, and that the only
difficulty has been in partnership liability, which the
association will entirely obviate.
The last week's railway receipts ascertained up
to this day are, in round figures, as under :

1863. 1862.
Great Western £56,931 £5'2,115
North-Western
South- Western
Brighton
Midland
-outh-Eastern 20,022 16,858
Great Eastern
Great Northern
aneashire and Yorkshire 32,530 30,093
North lastern 40,112 37,801
Bristol and Exeter
Edinburgh and Glasg,w
Grand Trunk of Canada „„ 17,209 13,618
Great Western of Canada
These returns are generally of a very satisfactory
character. On that of the Great Western there is
an increase of £4 816 ; on the North Western of
£7,978 ; on the South Western of £3,062 ; on the
Brighton of £3 068 ; on the South Eastern of
£3,164 ; on the Great E stern of £1,899; on the
Great Northern of £2,274 ; on the Lancashire and
Yorkshire of £2,437 ; on the North Eastern o
£2,311 ; on the Edinburgh and Glasgow of £176;
on the Grand Trunk of Canada of £3,691; and on
the Great Western of Canada of £3,089. The Mid-
land, however, shows a decrease of £54.

Two O'CLOCK.
At the Paris Bourse this day, accoiding to Mr.
Renter's telegram, the 3 per Cent. Renter were
70f to 69f. 90c.

The annual meeting of the shareholders in the ti
Oriental Bank Corporation has been held to day. I,
The report and accounts for the year 1862 showed u
a net profit of £193,178 14s. 6d., after defraying

current expenses, and making provision for all bad
and doubtful debts. The directors had already
divided £88,200, or 7 per cent. of the year's profits,
leaving to be dealt with £104,978 14i. 6d. ; and
they now proposed to pay a divideud of 5 per cent. t(
and a bonus of 3 percent., making a total distribu- 11:
lion of 15 per cent. for 1862. The present dividend Ili
Sad bonus will amount to £lOO,BOO, or £2 per ti
share, and will be payable here, free of income-
tax, on or after the Ist proximo, leaving £4,178
in,:
14s. 6d. to be carried to the credit of the next
account. The directors who retired by rotation
Were Mr. Gordon, Mr. Bonhote, and Mr. Blyth.
Mr. Harry George Gordon, who occupied the chair,

moved the adoption of the report, end briefly refer-
red to the statement of accounts presented by the sti
directors, showing an increase in the deposits of ~t;
£1,000,000, and that their discount business had

reached £9,000,000. While the general operations 14
of the bank continued favourable, he (the chairman)
Could not refrain from obsvrving that a large num- "
b,r of formidable rivals had lately arisen competing 8
for the b inking business of India and China, and 2,
though the field of enterprise was large, he consi-
dered that the banking ri quirements were ❑ow

excesbive. It therefore behoved the directors

to use all their best efforts and watchfulness
in promoting the interest of the shareholders. In
reply to a qu'stion, the chairman stated that the
bank had not sustained any loss whatever from the
late opium frauds. The report WAS then unani-

ruously adopted, and, after a vote of thanks to the
directors, the meeting separated.
Business in the discount market, which wc's
partially suspended owing to the expectation of
a decline in the minimum, has revived, and the
rates aro fkrmer-31 per cent, now being the
lowest charge for three months' bills.
Notwithstanding the continuance of the rate of
discount at 4 per cent. when a reduction was ex-
pected, the Funds have shown undiminished buoy-
ancy. Shortly after the commencement of busi-
ness this morning buyers came forward, and Con-
sols improved to 921 93 for transfer, and to 93 for
the account ; the present quotations are 9'41 1, and
92i 93 respectively, the tendency being a little
tter. Ttae New Threes and Reduced Annuities
have risen to 91; 1; Indian 5 per Cents. were
1091- 1; the Debentures 100 k a ; the Bonds 15s. to
17a. premium; and Exchequer Bilis 3a. die. to par.
General firmness has prevailed in the Foreign
Market this morning, although the dealings are not
very extensive. Turkish 6 per Cents., 1862, are
70i 71; do., Consolides, 481 i ; Greeks have risen
to 28a 1; the Coupons, to 13/ ; Spanish Passives
have been 301 1, but are now 291 30, and the Cer-
tificates, 10/ 11k. Portuguese are 48; and Mexican
334 1. The Confederate Loan has been 11 prem.,
but is now 1 11 prem.
Business in the Railway Share Market has been
very inactive, and prices have remained without
material alteration.

Joint Stock Bank and Miscellaneout, Shares are
in some instances rather firmer.

---

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities ........ 91}
$ per Cent. Consols Annuities ....... 9 tit 32/
New 3 per Cent. Annuities
A..oniuties, 30 yrs, expire ith Jan., 1,580
Ditto for 30 yrs, expire sth April, 188.5 l4l
India Stock
Ditto 5 per Cent
Ditto Debentures, 4 per Ct., Oct., 1863 100 k
Ditto ditto April, 1861 100 k k
Ditto ditto Aug. 1864 or 66 100 i
D bonds El.OOO „
Consols for Account, May 7 93
Exchequer Bills, £l.ooo 2i per Cent —
Ditto LSOO

FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
•• •
Ditto 4i per Cent., 1852.68-60
Buenos Ayres 6 per Cent..... .......
Ditto Account
94
(;.Mean 6 per Cent .........
Ditto 41 per Cent................... ... 851 1 6
Egyptian 7 pei Cent _ 98 /
Greek 5 per Cent., 1824-4, ex-Coupons
Ditto .
Ditto Coupons
lhtdian 5 per Cent. (Karettnana Railway) 7_5/ 6
Mexican 3 per Cent
33k
Ditto Account
.... 151
New Granada
4
Ditto Deferred .... 8 8
. P •ruvixin 3 per Cent.
Ditto 41 per Cent ~ 1869 ..
88} 9 1
!)itro ...
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 5 per Cent., 1822, £ St
Ditto 5 per Cent., 1862
Spanish 3 per Cent
Ditto New Deferred
Ditto Account. 473.
30/ 29/ 31) Ditto Passive
Spanish Cert. of Coup not funded .. 11 14 llk 10i
,••
~:.nrkieh 6 pen Cent. 1854
to A.ccnt
per Cent. 1858
Ditto Account
Ditto 6 Cent. 18';2
Ltto Aper ccount .
Venezuela, 3 per Cent
Ditto 6 per Cent., 1852'
60 591
Dividends on the above payable in London.
Italian, 5 pCent., 1861, Ez. 25 francs —
Ditto Aczount
Console, M THREE O'CLOCK.
DDittooney .......... .
itto Account

It is said that Victor Hugo is engaged upon a new
Work, which is to be cilled "'93," and which is to
ba a sort of link between "Notre Dame de Paris" and " Les
lliserables." has several other works in hand, but he
bas'put them all wide in or2er to devote himself to this. A
Tbioizaphy of Victor Hugo is shorfly to be published in
e.rie, under the title of "Victor Hugo, raeonte par un
611agia do as Vie,"