The Sun.
London, England, 1863-01-10 00:00:00


A

ONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
There is a steady demand for discount accommn
dation, and the rates continue firm.

Since Monday last the imports of specie have
been about £352,500, and the exports £347,300.
The Arexican dollars, by tho last packet, have
been sold at 5s 3d per oz., being a further advance
of 4d.
The Continental Exchanges exhibited no mate-
rial alteration yesterday afternoon.
Notice has been given that £2,060 has been re-
ceived by Messrs. Baring Brothers, from the Cus-
tomhouse of San Jose de Quinta, on account of New
Grenada dividends.

The British and American Exchange Banking
Corporation is introduced with a nominal capital of
£1,000,000, in 20,000 shares of £5O each, the first
issue to comprise 10,000 shares, on each of which it
is not intended to call up more than £25. It is
brought forward for the purpose of dealing in ex-
changes between this country and America, and ope-
rations are to be commenced by the establishment
of an agency is, New York. The directors also ex-
pect a large business between America and the
ports of India and China, which will be conducted
in conjunction with the Oriental Bank. There
will be no promotion money." The project has
been well received in the City to-day, and the
shares are already dealt in at I- to 1 prem.
The Inns of Court Hotel Company is to erect,
on the site of the George and Blue Boar, in Hol-
born, an hotel containing every modern improve-
ment, end very ample accommodation. Besides
the ordinary requirements of the neighbourhood,
the concentration of the several law courts near
this locality, and the increased demand that must
arise for hotel accommodation, render the project
highly desirable. The capital required is £lOO,OOO
in shares of £lO each, and interest upon the amount
paid, at 5 per cent., is to be allowed from the date
of payment until the opening of the establishment.
The exceedingly remunerative character of hotel
business, conducted under the joint-stock system,
has been fully demonstrated by the success of the
existing companies.
Another million of capital (of which one-half is
to be first issued) is likewise required for the City
of London and General Fire and Life Insurance
Company, the shares of which are to be £25 each.
The company is stated to be brought forward with-
out any " promoters' " charges, and solely by
traders who rely mainly on the support of their own
connexions.

The Continental Bank Corporation has also been
brought forward, and the proposed capital is
£1,000,000, in shares of £lOO each, the first issue
being limited to 5,000 shares, on which the pay-
ment of £25 is contemplated. This project is also
designed with a view of facilitating banking and
exchange operations, but in this case between Eng-
land and the continent. The chief office is to be
in London, and the first branch in Paris, but other
agencies are to be opened according to the progress
of the enterprise. The directors are very influen-
tial, and there can be no doubt of the success of the
enterprise. It is attracting considerable attention,
and the applications for shares are already very
numerous.

The hall-yearly meeting'of the National Discount
Company will take place on the 21st inst.

Two o'CLocK.
A little depression hae been apparent in the
English Stock Market to-day, but the decline has
not amounted to k per cent., Consols having closed
at 939 for transfer, and 938 1, for the account. The
New Threes and the Reduced have been quiet; the
former is marked 93 93i, and the latter 93k. Ex-
chequer Bills have risen is., viz., 14s. and 18s.
prem. ; India 5 per Cents. have been dealt in at
1083 8 ; do. 4 per Cents. Enfaced, 961 ; do. 5 per
Cents., 106; and do. 51 per Cents., 1121 113.
A fair amount of business has been recorded in
the Foreign Market, but prices in some instances
have shown a downward movement. Turkish 6 per
Cents., 1854, are 841 851; ditto, 1858, 71 1 ; ditto,
1862, 671 681; and the Consolides, 40 1, ; Egyptian
are 951; Italian are heavy at 691 709; Mexican, at
31i ; Pt•ruvian New Loan, at 89 4 ; Russian ditto,
at 953 96; Spanish Passive, at 241 ; the Certifi-
cab s, at 91 ; and Venezuelan 3 per Cents., at
231 24.

Business in the Railway Share Market continued
dull, and prizes were a shade flatter. Great
Northern, Great Western, and South Eastern re-
ceded ss. ; Caledonian, 10s., and Bristol and Exeter
and Great Northern A Stock, £l. London and
Brighton, and North British, however, improved ss.
The Foreign and Colonial lines were without
material alteration.

Joint Stock Bank and Miscellaneous Shares re-
mained steady at previous quotations.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
237 5
;per Cent. Reduced Annuities
per Cent. Consols Annuities 936 / 3 2
New 3 per Cent. Annuities 93 3
annuities, 30 yrs, expire sth Jan., ,880 l2i
Ditto for 30 yrs,
--
expire sth April, 1885.
Ditto (Red Sea
Telegraph), Aug. 1908 22
India Stock 228
Ditto 5 per Cent
Ditte Enfaced Paper, 4 per Cent .. 96
Ditto 5 per Cent
Ditto 51 per Cent,
Ditto Debentures, 4 per Ct., Oct., 1863
Ditto ditto April, 1864 100/
Consols for Account, Feb. 5 931
Exchequer Bills, £lOOO, 21 per Cent lB 14/ Ditto £500
Ditto Small lB 14
FOREIGN FUNDS—CLOSING PRICES.
Brazilian 6 per Cent
Ditto 41 per Cent., 1852-68.-60
.. 93/
Chilian 6 per Cent
Ditto 41 per Cent
Equador New Consolidated l6l
Egpptian 7 per Cent 9si
Greek 5 per Cent., 1824-5, ex-Coup.ms —
Ditto Coupons
Italian 6 per Cent. (Maremmana Railway) 731 2
Mexican 3 per Cent
Ditto Account 3ll
Moorish Imperial 5 per Cent
New Granada 2 per Cent
Ditto Land Warrants . 41
Ditto Deferred 6l 4
Peruvian 41 per Cent.
Ditto 1862
Ditto Account..
Portuguese 3 per Cent., 1853
Ditto Account
•47
Ditto 1862
Russian 5 per Cent., 1822, £ St —
Ditto 4i per Cent., 1860
Ditto 3 per Cent., 1859
Ditto 5 per Cent., 1862 ...
Spanish 3 per Cent
Ditto Passive
Spanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 —
Ditto Account..
Ditto 6 per Cent. 1858
Ditto Account..
1 itto £lOO Bonds7s
Ditto 6 per Cent. IBi 2
Venezuela, 3 per Cent ...... • —
Ditto Account ... ... .. ...
Ditto 6 per Cents.,'
1862 (Scrip), £53 pd It i dis
Dividends on the above piyable in London.
Italian, 5 per Cent., 1861, Ex. 25f, ...... __
Ditto Account ...................... 691 701
TWO O'CLOCK.
It
Consols, Money
93i i Ditto Account

MAIDEN SPEECH.—Mr,
LORD PALMERSTON'S
the Premier de-
John 'l'imbs, in writing to the Builder relative to a
discussion which has arisen as to wherea
livered his first speech, says :
" Inof the first-floor of the
number of the
Builder you state that in a room late
hcuse No. 345, Strand, 'at one time the
haveoffice of the
e
Coto ler, Lord Palmerston is supposed to made
maiden speech.' In this, I think, you are mistaken.
only
house of which you speak was the office of the Courier
in a house in its hitter days, previous to which it was .
The
fur-
ther westward. In a little book, ' A Companion to
the Theatres,' which I wrote in 1829, in the t
frontis-
piece, the Courier office is shown to be the house eas
of the English Opera•house entrance. The Courier
house front, which I remember many years, was of Egyp-
tian character in the lower floor, and is shown in Cooke's
nice print, ' Old Exeter Change.' It was, I think, re-
moved on nuking Wellington-street. In the' Picture of
London' for 1810, it is stated to be No. 348, Strand. Still,
Im certain that this was the Palmerston, house ; for the
Picture of Zondon, 1806, among ' The Courier o the evening papers, gives
pposite Somerset House.' Now, here are
three Courier offices ; and as Lord Palmerston began his
political career in 1806, his maiden s
refer may Peach to which you
have been made in theast named house ; the
l Courier, indeed, seems to have
chan
its politics. Excuse this ' ged its office as often as
tion of cart-rope' note; but identifica-
London localities is a dear subject with your old
toigers!'

BRITISH POSSESSIONS.
• Closing
Share
Railways Paid. Price. Business done
100 Atlantio& St Lawrencc all 67 69-
Btk f Bom.,Baroda&.Centlna 100 1051 1061 1064 xn
Gu. 5 per cent.
20 Do. New . ..... 2 - -
201 Buffalo and Lake
10 Do. Preference
100 Buffalo,Brant,&Godricl, 100 77 80
6 p. et. bds. Aug. 1, 1872
100 Do. do. July 1, 1873 100 78 76
100 Do. do. June 1, 1+,:4 100 73 76
st Clcutta.&S.Eastn. (Lin ) 100 104 106 xn
st Cape Town & Dock Seri] 100 1081 109} 1041
stock Eastn. Bengal gu. sp. c 100 106 I( 8 xn
stock East Indian, gu. sp. e. 100 1071 1(8}f 108 7f xn2o Do. do. G Ext 5 1f lip xn
20 Do. do. H do.
stock ;Grand Trunk of Canada 100 22 23
100 , Do. 6 per cent. Pref all 75 37
100 Do. 2d Pref. 6 per et all 65 67 66
100 Do. 6 per ct. Debentr all 34 36
100 Do. 7 per cent. 1862
100 Do. do. 1867 all 34 36
100 Do. do. 1872
stock Gt.lndiaPenin.gua.sp.c 100 106 107 1061 xn
20 Do. New gua. sp. c l2 1 lip
20 Do. January, 1862
stock jGt. South.of India (Lim
guaranteed 5 percent. 100 104 100
soi IGt. W. ofCanada Shares all 121 12; 121 f
204 Do. New
100 Do. 6 p.c. '73 wlth't opt all 98 100
100 Do. 51 p. c. do. '77-8 all 91 23
10 'lndian Branch Limited 7. Id f p
stock "Madras guar., sp. c.
stock Do. 41 p. o. Extension 10v 98 10'
stock Dc. 4+ do lOO 94 "i 6
20 Do. Fifth Extension 2 - - xn
stock iNlelh.Cort, 6p. c. 102 -
50 IMelb. & Hobson's Bay. all 52 53
100 Do. 7p. c. Mortg. Bd all -
20 INuw Br unswick ei Caw!,
Class A Capital Shan. all 3 5
20 i Do. do. B Capital do.
,N.ltl.C'da6 pc Ist pf bds 100 83 65
atoc Aeindc .... •••• • • 1' 5; 1021 10.1
st 5 :Do. Delhi 1 ' 100 1131 1144 1014 xn
Do. do 2 4 4p 24 xn
20 'Do. Putijaub. 1 p
st !Do. Do. . . . , leo 04 105 xn
mtick ; Do. Indus.St:Flo.) (1.):
.100 102 101 xn
i.,1;:-.%IEN 1 s i
-4,1,11 y
- 1877-S4
- Do. tp. c. Feb. & Au...;.1 100 'lO6 )03
- I Do. 6p. c. Mar. & Scot.! 100 106 1(8
- Do. sp. c. Jan.&July.! 10, ' col 971 97 64 xd
Do. 5 Inscribed stock, 100 5 t'7
- Cape G. Hope, 6 p c. 1873: 100 ,0, slO
Do.Ap &Oct. 1880 i 100 111 113 1124
Do. 1890! 100 112 114
- I Do. Jan. & July, 1891..', 100 111 113
- Ceylon, N0v.1861, 6p c! 100 - -
.N.l3.Gov.6p.c.Ja.&July; 100 1044 1054 105 44 xd
- Do. 6p. c.Ap. & Oct.! 100 -
N. S.W. 6 ow. 5 p c.,18661 100 991 1001
- Do. sp. c.,1871 to 1876 100 9 J 100;
- Do. d0.,1888 & upwde 100 97 O. 994 xd
- , New Zealand 6p. cent. 100 108 110
- Nova Scotia Gov. 6p. c.
- 1875 ' 10, 105 106
- , Queensland Gov. 6p. c 100 I' 9 111
- ; s.Aus 61,0.187'6.dt up 1 100 109 111
Vie.Gov.6p.e.Ja.&July 100 1107 100 1084
- 'Do. to 4 ma. 100 1110 1104;1104 110

105 Ico
11i 9 111
,109 111
1107 109
1110 11(4

BRITISH MINES.

Cambrian Consol. Gold
Chnord Amalgamated
Devon G. Cone. (Tavi et
I East Bassett (Illozan)
East Clogan Gold Ltd
East Caradon
East Cam Brea...

E. W• 1 Russel (Tavistk.)
Gam.&StAubyn(Gwen.)
Great South Tolgus....
G. Wheal Vor (Helston;
Grenville .. ..
Elerod's-Foot
Eiingston Downs
Lady Bertha
Hargaret (tiny Lelant;
Starke Valley..
Nlyndy Iron Oro (Lim )
New Setun
North Downs • •
I.wh'i Basset (Illoz,an,
North Wheal Crotty ..
Par Consols (St Blazey)
Providence (Uny Lelnt.)
South Caradon(St.Cleer
3. Cam Brea (Illogao)..
!i.Wheal. Fran. (Mogan,
Stray Park
Tamar Silv.to Lead Alin
rin Craft
West Basset (Illogan)
W Carodon. (Liskeard)
West Seton ••••••
Wheal Basset (Mogan)
Wheal Buller (Redruth)
Wheal Kitty (G.Lelant)
WhealLud ott
Wheal Mary Ann (Men )
Wheal Seton . •
wheal Treiawney (Lis.),
Wheal Union

1.14.6
3.0.0
7.19.0
57t
17s
40
6.15. P
8.12
4.:7.0
2.0.6

1081
110 i E 10

461
4f Ii
20

471
51
5
2.0.8
2.10.8
8
581
7
3.13

21 ij

21
31 i

PREFERENCE SHARES.
Edinburgh and Glas,,ow, 5 per cent., 111
GtWestern ( erks & Hants Ext), red. 4i per cent., 9811
London, Chatham, and Dover :) per cent. pref., 96
LINES LEASED A FIXED RhNTALS.
London and Chatham 4. per Cent., s 2
Midland, Bradford pref. stock. 97}
Shrewsbury and Hereford. 1375

FOREIGN RAILWAYS.
Antwerp and Rotterdam, 7 8
Bahia and San Francisco (lim.) gua. 7 per cent., 211 1
Great Luxembourg, Ai
N. Rail of Buenos Ayres, gua. 7 per cent. (lim.). 3
Recite an .1 San Francisco (Um.), gua. 7 per cent., 19
Royal Danish, 4
Sambre and Meuse, 11
San Paulo Rm.), gua. 7 per cent. (all), 23}
Turin and SavonA. 3

FOREIGN MINES.
Mont. Aureos Braz. Gold Min. CO. (KM.), 21 1
Port Philip, 13
Yudanamutana of S. Australia (lim.), 33 f
JOINT-STOCK BANKS.
Alliance Bank of London and Liverpool (11M.),20
A us: ralasia, 72f
Bank of Queensland (lim.), 41 31
Chartered Bank of British Columbia, lO
Chartered Bank of India, Australia, and China, 21
Imperial Bank (lim.), 10;
London and Brazilian, (lim.), 311 2 1 i
London, B. Ayres, and R. Plate (lirn.), l2f
London I, h irtered Bank of Australia, 273 i
London Joint Stock. 6 IV
London and N irthern (Rm.`, 33
London and South African, 21
Oriental Bank Corporation, 551
Standard of British South Africa (11111
DOCKS.
London, 60}

- MISCELLANEOUS.
Crystal Palace, P3l
Great Ship (Um.),
Italian Irrigation Canal,
London Gem ral Omnibus Company (lim.), 1i
National Discount Company, St I it
Peninsular and 0 ieutal Stearn, n 3(}
Rio de Janeiro City Improvements, 29—Ditto (2V3i
bubmarine Telegraph (Registered),
Van Diemen's Laud, 111