The Sun.
London, England, 1863-07-03 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.

A moderate amount of business is reported in the
discount market, but the demand is quieter than
it was early in the week, and the supply of money
is a little larger. The rates, however, continue
firm.

Important alterations are shown in the Bank of
England return, completed to Wednesday last, but
the principal is a considerable increase in the loan
and di,count operations of the establishment. con-
sequent upon the usual advances made at this period
of the quarter. The following table shows the
principal variations :

Active Circulation £21,140,156
Increase .. 1,153,166
Bullion .. 15,080,277
Increase .. • • • • 54,159
Rest .. 3,200,918
Increase .. • • • • 33,055
Public Deposits 10 356,373
Increase .. • • 77,320
+Other Deposits.. .. 16,274,739
Increase . • • • • 2469,743
'
Seven Day and. other Bills .. • • 55,9
98963061
Increase ..
Government Securities
201,116
• • 11,050,279
Decrease .. • • • • •
25,343,236
Other Securities • • • • 3,935,172
Increase .. • •
•• • •
Notes Unemployed . •
• • • •7,734,210
• •
Decrease .. • • • • 1,055,290
A further sum of £40,000 in gold was taken into
the Bank yesterday.
The Aboukir has arrived from New Zealand with
£122,024.
The prospectus has appeared of the Hudson's Bay
Company, brought forward under the auspices of the
International Financial Society. This old company,
which possesses a royal charter granted by Charles
ll.,holds the exclusive right over a territory,in North
America, comprising as many as 1,400,000 square
:miles. This right it has hitherto used for the
purpose of trading with the natives for furs, and
under its new reorganisation it proposes to extend
its former operations, and to open up its southern
districts to European colonisation under a liberal
'system of land settlement. The home, as
well as the Governments of Canada, Van-
couver's Island, and British Columbia, are
desirous of providing means for telegraphic com-
munication across the company's territory, so as to
connect the Atlantic and Pacific Oceans, and in
.turtherance of this object they offer a guaranteed
interest and grants of Crown property. It will
thus be seen that the new company's prospects of
success will be far greater than could ever have been
contemplated years ago by its predecessors. The
capital offered to the public is £1,930,000, which is
to be raised by shares of £2O each, and a preference
in the allotment is to be given to the holders of stock
in the two companies, viz., the Old Hudson's Bay and
the International Financial. Subscribers will be en-
titled to an interest corresponding to the amount of
their subscription in the assets of the Hudson Bay
Company valued at £1,023,569 in the landed terri-
tory, and in a cash balance of £370,000. As an
illustration of the manner in which the scheme has

been received by the public, it may be remembered
that the Duke of Newcastle referred to the project
last evening in favourable terms, when introducing
the British Columbia Boundaries Bill, and it was
also favourably alluded to by several other mem-
bers. At the Stock Exchange this morning the
shares are quoted 211 prem.
At the yearly meeting to day of the London Dock
Company, Mr. C. J. Manning in the chair, the re-
port stated that the profit and loss account showed
st balance of £204,375, out of which it was recom-
mended to pay a dividend of £1 7s. 6d. per cent.,
amounting to £52,482 for the six months. It was
stated by the chairman that negotiations were in
progress for the amalgamation of the company with
the St. Katherine's Dock Company, on a basis of
perfect equality.
The amount of specie to be taken out by the
Pera, which leaves to-morrow with the India and
China mails is £100,743.

At Paris this morning, according to Mr. Reuter's it
telegram, the French 3 per Cent. Rentes were
heavy at 68f. 55c. Inanimate.
The English Stock Market continues quiet, and
the few transactions for transfer and on speculation
produce very little effect upon prices, Consols re-
maining. at 92 k for transfer, and at 92k a for ac-
count, The New Threes and Reduced are 918 92 ;
India 5 per Cents., 1081 8 ; ditto 5 per Cent. En.
faced, 107 1; Ditto 51 per Cent., 1161; and Ex-
chequer Bills 4s. dis. to par.
The Foreign Market to-day presents a dull and
tolerably steady appearance. Turkish 6 per Cents.,
1862, are 67/ 68; do. Consolides, 50! 4 ; Mexican,
36/ 37 ; Greek, 34k 358 ; do. Coupons, 161 1:;
Spanish Passive, 33/ 34 ; do. Certificates, 12/ 13 ;
Russian, 92-1 938 ; Venezuelan New Loan, 2 to 1
dis.; and the Confederate Loan, 11 to 1 dis.
In the Railway Share Market the operations have
been very limited, and prices have shown little
change of importance. North Eastern (Berwick)
have improved 55., while Lancashire and Yorkshire
and London and South Western have declined ss.

The Foreign and Colonial undertakings have been
inactive, at about previous quotations.
Joint Stock Bank and Miscellaneous Snares are
flat. London and Westminster have declined to
795; Crystal Palace Stock to 37k. ; and Royal Mail
Steam to 67-1 ; International Financial Shares are
quoted 5,1. N prem,; London Financial, It I prem. ;
Egyptian Trading Company, 17,- i s prem. ; General
Credit Company, a prem. ; and Hudson Bay
Company, 1t a prem.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock 236 41 5
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities 92 1
New 3 per Cent. Annuities
New 21 per Cent. Annuities...
Annuities, 30 yrs, expire 6th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885.
Ditto (Red Sea Telegraph), Aug. 1908.
India Stock
Ditto 5 per Cent lOB4 1 I
Ditto Enfaced Paper, 4 per Cent ..
Ditto 5 per Cent lO7l 7
t;itto 5} per Cent
Ditto Debentures, 4 per Ct., Oct„ 1863 1004
Ditto ditto April, 1864 1001
Ditto ditto Aug. 1864 or 66 100 k
Dit*. 0 Bonds El,OOO —
Dttto under £l,OOO - —
Icte.ia Stock for Account, 5 per Cent —
Crinsols for Account, July 9 421
March I

"Exchequer Bills, £l.OOO 2} per Cent
Ditto £5OO 2 dis
Ditto Small — I
FOREIGN FUNDS—ONE O'CLOCK,
Brazilian 5 per Cent
Ditto, 1839 and 1859.....-
Ditto 41 per Cent., 1852-58-60
Buenos Ayres 6 per Cent —
Ditto Account
nbilian 6 per Cent. —
Danish 4 per Cent., 1863
Ditto, £lOO Bonds B9
Egyptian 7 pet Cent lola
Ditto,Second Issue ..
Greek 5 per Cent., 1824-5, ex-Coupons..
34 54i
Ditto Account
Ditto Coupons l6k i
Italian 5 per Cent. (Maremmana Railway) 78
Mexican 3 per Cent
Ditto Account 36/ 17
New Granada
'itto 2 per Cent —
Ditto Deterred —
Ditto Land Warrants (Hectares) —
cruvian 41 per Cent. , ..
„,, Ditto 1862
salitintl:slslp6peerprecrCeecnnet t.n.18168222, £St —9911 2k
Account..gpaltiteeh .
„per Cent
Ditto
ii
intotttto NA.
ceFouSte
....... . ..
' ..
85-94 k
--
Ditto Paesive***********
Ditto A ccount.* ******************** 3334 i
*
• ***
Spanish Cert. of Coup
*nTOt: Ditto Account **** funded
Turkish 6 per Cent. 1854 l4
Ditto Account
Ditto 6 per Cent. 1858 . •
Uitto Account * 7,
Ditto £lOO Bonds ............ '
Ditto 6 per Cent. 1862
Ditto Account. ..................... ~,-; 4 9t-
Ditto Guaranteed, 4 per Cent. ....... -, s '-'
- Venezuela, 3 per Cent ................
Ditto 6 per Cent., 1882 ....... ----
........
Ditto Account
67
Dividends on the above payable in London.
TWO O'CLOCK
Consols, Money
4.)itto Recount 94Bi

The firm of Messrs. Saunders, Otley, and Co,, Wt-
are glad to observe, is not defunct, as was very lately re-
potted, but will be carried on by new members under the
old name,