The Sun.
London, England, 1863-04-22 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

The transactions in the general discount market
have been further reduced, and an extreme degree
of quietude consequently prevails in monetary
circles. The general charge for first-class short
dated bills is 3.7, per cent., but business is reported
even as low as 31 per cent. Under these circum-
stances it is almost unnecessary to state that the in-
quiries at the Bank of England have been almost
suspended.

About £107,000 was purchased by the Bank of
England authorities yesterday afternoon.
The Carleggas Tin Mining Company is an under-
taking recently formed fox the purchase and work-
ing of several mines in Cornwall. This is not a
project in which the directors have only uncertain
data to base their anticipations of success; on the
contrary, five tin lodes are known to pass through
the sett, and on one of them operations have been
carried on to a 'considerable extent by tformer
workers. In addition to this evidence of the
existence of such deposits of tin ore, recent ex-
plorations have also demonstrated that vast quan-
tities of metal may be easily raised if sufficient
capital be expended upon the workings. The
contract for the purchase of the property appears
favourable, as part of the money is to be paid in
shares of the company. The capital is fixed at
515,000 in £5 shares, of which it is estimated
that £2 will be ample to place the mine in a pro-
fitable state.
A

nother joint stock undertaking deserving
favourable notice is the West Surrey Tanning
Company, which has been projected for the pur
pose of purchasing and carrying on some old-esta-
blished ten works at Godalming. The present
proprietor, who is to be the manager of the new
institution, is stated to have conducted a very pro.
fitable business for several years, and in order to
effurd conclusive evidence upon this point, and to
demonstrate the genuiness of the project, a state-
ment of the trade expenses and profits per week se
appended to the prospectus. The solo reason which
has urged the proprietor to transfer his property to
the company, is stated to be the desirability of in-
creased capital to develope the business to its legiti-
mate proportions. The nomical capital required
is £lOO,OOO, and the first issue is to comprise halt
of that sum, in shares of £2 each.
We have received a copy of the prospectus of
the General Steam Cultivation Company (Limited).
This undertaking is formed under very respectable
auspices, the Earl of Albemarle being chairman,
and the list of directors comprising, amongst other
gentlemen, the names of the Earl of Suffolk and
Lieut.-Col. the Hon. C. H. Lindsay. The object is
stated to be to supply a great agricultural want, by
bri.;ging into general use steam cultivation. It is
pointed out that the great obstacle to the more rapid
adoption of this new agent of agricultural progress, is
the first cost of each implement, many farmers who
would be glad to pay for having their lands culti-
vated by steam, being unable to invest from £5OO
to £l,OOO in a single set of machinery. It is in-
tended, therefore, that the company shall purchase
tie most approved steam cultivators, and sell them
to farmers, receiving payment by instalments ex-
tending over a certain number of years. In other
cases such implements may be let. The directors
express their conviction that there ►s an ample
field for operations, steam power being ;Immensely
superior to horse power. It is considered that
£50,000 worth of machinery may be at once and
advantageously employed. The capital is fixed at
£250,000, in 25,000 shares at £lO each, of which
it is intended to issue 10,000 shares in the first
instance.

Two O'CLOCK.

At the Paris Bourse this day, according to Mr.
Ileuter's telegram, the 3 per Cent. Rentes were
691. 45c.—heavy.
The English Stock market opened this morning
with an unfavourable appearance, but a f w pur-
chases have led to a recovery of Z. per cent., Con-
sols again being 93 If for transfer and account.
Business has take❑ place in the New Threes and
Reduced Annuities at 91Z d ; Exchequer Bills have
further improved to par and 4s. prem. ; Indian 5 per
Cents, are 1091 110; ditto 5 per Cents. Enfaced
Paper 107; ; and ditto 51 per Cents., 1151.
The Market for Foreign Securities exhibited a
rather heavy appearance in the early part of the
morning, but a slight improvement has since taken
Place in a few of the principal stocks. Greek Bonds
are now quoted 282 I, and the Coupons 13Z Z
Spanish Passive continua at about their former
value, viz., 30 L and the Certificates 10Z Z. Italian
are marked 708 Z, and the New Loan 14 k
Prem. ; Turkish Six per Cents., 1858, are
674 681, those of 1862, 701 ; the Consolides
471 ; and the New Loan 1Z 11-- prem.;
Russian 6 per Cents, remain at 95, and Egyptian
are a little weaker at 97/ 98 ; Portuguese 3 per
Cents, are also rather heavy at 48k, and those of
1862 at 471 ; Dutch 4 per Cents. have been dealt in
at 1002 ; and in the South American Stock, which
are less buoyant than yesterday, transactions are
recorded in Grenadian at 15k ; the Deferred at 188 ;
Venezuelan 6 per Cents. at 581 591 ; and in Buenos
Ayres 1 per Cents, at 38.

In the Railway Share Market the dealings have
been very restricted, and the general tendency of
prices have been downwards. Great Northern
and Great Western have receded 58. ; Lancashire
and Yorkshire end Great Northern A Stock, 10s.;
and Great Easterns, £l.
The Foreign and Colonial undertakings remained
without any material variation in values. Recife
and San Francisco realise 171 1; Bahia and San
Francisco 211 is; Dutch Rhenish 17 ; South Austrian
and Lombardo-Venetian 231; Great Western of
Canada have declined to 111 ; Eastern Bengals
to 108 k.

Joint Stock Bank and Miscellaneous Shares are
in several instances a shade flatter. Alliance if
London and Liverpool have receded to 30i; Bank
of Australasia to 711; London and South African
to 28i ; Crystal Palace Stock is dull at 34 to 34i ;
and Electric Telegraph firm at 102.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities 93 2t 3
New 3 per Cent. Annuities -
Ditto 5 per Cent
Ditto Bufaced Paper, 4 per Cent . . Ditto 5 per Cent . . ............ lon
i .itto 51 per Cent .................. 115 t
Consols for Account, May 7 .......... 93 21
Exchequer Bills,
£l.o
21 per Cent.... par 24
pm
Ditto £5OO ............... par 4pm
Ditto Small par 4 poi
FOREIGN FUNDS—ONE O'CLOCIt.
Buenos Ayres 6 per Cent
Ditto 1 per Cent. (Deferred 3 per Cent.) 38
i
Egyptian 7 pet Cent
97
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coup ..)ns.. --
a
Ditto Account,. 2B i
i
Ditto Coupons l3 i 1
Mexican 3 per Cent
Ditto Account
New Granada....
, Ditto Deferred B4
Ditto
111vhtn 41 per Cent.
1862 ....
Ditto A
88
port,.
gue:coun t
,i,tt, e. 3 per Cent., 1853
s Ditto
Ditto ............
Russian rP) £3O paid. .. . ._
Ditto 8 per Cent.„ 1822:£ . S't ..
SPRI'liPh 31i,e,„r °Put, 1862
Ditto A ''' Cent ...cc our,
Ditto Ditto New d• - -
Ditto
o ittes,,,soillvtlete_fe.rred...
4-1
Siyinish Cert. of .6,.,
Turkish 6 per eenut.up not funded
Ditto Account.. 1854 ....
Ditto 6 per Cent. 18.58
Ditto Account..,, —
Ditto, RAM) Bonds
„ ....... Ditto 6 per Cent. 1862
i:itto Account
Venezuela, 3 per Cent
Ditto 6 per Cent., 1862
Dividends on the above paya);i; .. " 1 8i
n Loudn.
1004.
Dutch 21 per Cent., Ex. 12 Guil
Ditto 4 per Cent. Certificates ...........
It 6 per Cent., 1861, Ex. 25 francs.. -- -
TWO 701CLOCI(..
Ditto Account
Console, Money
4itt°44oolAllttitttts ..... ',wow+ 93 it