The Sun.
London, England, 1863-05-12 00:00:00

s

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE. O'CLOCK.
A much firmer tone now pervades the general
discount market, and a sudden increase of business
is reported there, as well as at the Bank of England.
The fact is, an opinion prevails that higher rates
may be soon established, the accumulation of gold
having ceased, while the demand for accommoda-
tion has increased, and there is now a desire to ob-
tain supplies of money at the current quotations,
but enhanced terms should have to be paid a few
days hence.

Business in the Foreign and Colonial Produce
markets during the last few days has continued in-
acti% e. Sugars have in most instances been at
slightly reduced prices. Coffee and rice have re-
mained at steady quotations, while in tea the ope-
rations have been extremely limited. In the tallow
market a better tone has prevailed, P.Y.C. on the
spot being quoted 435. Gd., and for last three
months' delivery, 465. 3d. to 465. 6d. per cwt.
The 18th inst. has been appointed, by the Steck
Exchange Committee, a special settling day in the
following securities :—Tne Scrip of the Italian 1863,
Ceylon Government Six per Cent. Debentures, the
Shares of the London and South American Bank,
of the Alamillos Company, and of the Vallangasca
Gold Mining Company. These various undertak-
ings are to be marked in the official lists, with the
exception of the Italian Loan.
There were no bullion operations of importance
at the Bank yesterday.
The arrival of the Nelson, from Victoria, has just ,;
been announced. She brings 12,354 out.ces of gold,
or £49,416.
The International Financial Society, based upon
the principle of the Paris Credit Mobilier, has been
established with the view to assist and take part in
financial and industrial undertakings, especially
foreign loans and enterprises possessing Govern.
ment guarantees. The directors are highly in-
fluential gentlemen, largely connected with the
principal monetary establishments both here and
abroad, and to secure the object they have in view,
they have made arrangements with several
foreign companies, bankers, and capitalists, with
whom business relations have been mutually estab-
lished. Messrs. Robert Benson and Co., Messrs.
Samuel Dobree and Sons, Messrs. Frederick Huth
and Co , Messrs. Heath and Co., Mess's. George ;
Peabody and Co,, Messrs. Fruhling and Goschen, _
and Messrs. Stern Brothers are represented in the
direction, and they in their turn are associated
/with the Societe Generale de Credit Mobilier in Sb
Paris, Spain, and Italy, and the houses of to
Hottinguer, Fould, and Co., Pillett, Will, 'tk
and Co., Mallet Freres, M. E. and J. Pereire,
M. H. Bicsta of the Comptoir d'Escompte, &c.
The capital required is .£3,000,000, in shares of 1;20 10,
each, but as the greater portion of the amount has
been already privately subscribed, the directors are to 4,
only enabled to offer 40,000 shares, or £BOO,OOO, to 88i
the public. The manner in which it has been
received on the Stock Exchange is indicated by the g
fact that the shares there are this morning quoted
sfoc
10 to 12 prem. toe

Another undertaking just introduced to the public
is the Dartford Creek Paper Mill Company, requir-
ing a capital of £150,000 in £lO shares, of Which
£9 is to be called up, It is formed for the purpose
of purchasing two other valuable undertakings,
namely the Ettrick Forest Paper Mill Company and
the Inmate of Ammonia Company, and of manufac-
turing paper on an extensive scale i❑ Essex. After
providing for the necessary contingencies in con-
nexion with the working of the mills, it is calcu-
lated that a net profit will be realised which will .1
give a dividend of about 15 per cent. A large share 8t;
of the capital is stated to have been already sub- 4,
scribed, and the legitimate character of the enter-
prise will, it is believed, ensure the remainder.

Two O'CLOCK. 4'
At Paris, this day, according to Mr. Itenter's
telegram, the Three per Cent Rentes were 691. 70c. 21
—rather firm,
Business continues dull in the market for the
English Funds, and further indications of weakness
have been perceptible, owing to speculative sales.
Console are 931 for money, and 91-1 92, less the
dividend for the account—a decline of k per cent.
Business has taken place in the New Threes and
Reduced Annuities at 91a 1, showing a further
decline; and Exchequer Bills are very heavy at 2s.
discount,; India 5 per Cents, are marked 1091; 110,
being steady ; the Enfaced 5 per Cents. tire 107,1;
and the De,benturea, 1001.
The Foreign Stock Market opened with a very
depressed appearance, but more firmness is now
apparent, although the dealings are not very ex-
tensive, the preparations for the settlement of the
account occupying principal attention. Turkish
6 per Cents., 1862, are 721; do., Consolides, 547, 2-;
Greek, 311 a ; do. Coupons, 141 15 ; Mexican, 37 I ;
Spanish Passive, 341, -2 ; do., Certificates, 12 ± ;
Portuguese, 496- ; and the Confederate Loan,l dis.
to preen.
In the Railway Share Market the operations
have been of a very limited description, the ar-
rangements for the settlement having occupied the
chief attention of the dealers and speculators. Lon-
don and Brighton, and Manchester, Sheffield, and
Lincoln have declined about 55., and South Wes-
tern 10s.; Great Westerns and L9ncashire and
Yorkshire have improved ss. The Foreign and
Colonial undertakings have remained inactive, at
about previous quotations.

Joint Stock Bank and Miscellaneous Shares
ate dull, and generally show a slight downward
movement in prices.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities ,, .. 91/ 1 /
3 per Cent, Consols Annuities ..
New 3 per Cent.. Annuities
911 i i
New 21 per Cent. Annuities...
kw:mules, 30 yrs, expire 6th Jan., ,880
Ditto for 30 India Stock. yrs, expire sth April, 188,3 14k
. .
Ditto 5 per Cent ... . .... . .
Ditto Enlaced Paper, 4 per Cent.
Ditto 5 per Cent...... .. .. . .
Ditto Debentures, 4 per Ct.,. Oct„. 1863
Ditto ditto April, 1864 1001
atio Bonds £l.OOO
Ditto under £l,OOO

tinder ~,•••
Consols for Account, June 9 ........
Cont.,,,
911, 2
Exchequer Bills, £1 ,0 00 21 per Cont.... 2 dis
Ditto £5OO
Ditto Small 2 pm
FOREIGN FUNDS—CLOSING PRICES,
Austrian Bonds, 5 per Cent
Ditto 1859 B4
Buenos Ayres 6 per Cent 94
Danish 4 per Cent., 1863
Ditto Scrip, £35 paid I
Egyptian 7 per Cent pm
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons 314 4 12
Ditto Account ....................
Ditto Coupons .....................
Italian 5 per Cent. (Maretnmana Railway) 791 81 80
Mexican 3 per Cent
Moorish Imperial. 5 per Cent 945 6
New Granada .................. 164
Ditto 2 per Cent
.... , ..
Ditto Deferred
... 94
Peruvian 45 per Cent.
Ditto 4f per Cent. 1862
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 6 per Cent., 1822, £ St .
Ditto 45 per Cent., 1850
92i Ditto 5 per Cent., 1862
Bfif 35 3
Sardinian 6 per Cent.
Spanish 3 per Cent
; 1
Ditto Passive
I
SPanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 —
Ditto Acaount
Ditto 6 per Cent. 1858 704 4
Ditto, tlOO Bonds 74
Ditto'6 per Cent. 1862
Ditto Account 714 24
Vnezuela, 3 per Cent
Div_ _.
per
__
545 4 3
- . .
_Cent., 1862
da on the above payable in London.
ill:Tit:11r Dividends
o r Cent.,
Cent., Ex. 10 florins
1861, Ex. 25 francs 7ll 1
Consols, Money
.. TRREE O'CLOCK.
Ditto Account
.........___
...........*: :::::::: 93
Liverpool .....
.......
brie
Liverpool Cottot-------). Isllar
k
This
Day.
(itEuTER.,B TELEGITAM.
Quieter, but firm. Sales )
, ab
Imports 10,978; previousl out 10,000 bales.
y 2.950.
........---_,..._

THE FDINBURGU BOTANIC GARDENS PETI •
petition presented to the Rouse of
TIONS.—Tho
night in favour of open
Commons by Mr. Black on Friday
ing the Edinburgh Botanic Gardens on Sunday Was signed
by 36,103 adult rcale citizens of Edinburgh. That of the
the gardens, preeented on
Lord Advocate, against opening
the Rune night, had 80,000 oignatures,

ITONEY MARKET! SHARE