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

ONE Y MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
'he Commercial Institute and General Share
:,.hange is an association recently formed for the
chase and sale of shares, and also for enabling
estors to have a dormant interest in public and
rate commercial undertakings. The Institute
ke by the co-operation and association of in-
ters, the command of large capital, the
ctical experience and energy of men of
iness, and the economy attending good
anisatio❑ and extensive operations to undertake
individuals the management of trading and
er operations, and there can be but little doubt
6t its merits will be exceedingly attractive to
large section of the public who are anxious
find remunerative investments, but not being
►versant with business matters are precluded
m employing their capital in such descriptions
enterprise. It is stated in the prospectus that
3 average profit derived from dormant shares in
rcantile or manufacturing firms is greatly in le
cess of that obtainable from shares in joist-stock 6.
npanies constituted on the existing plan, or from
y other kind of investment, and that the only
ficulty has been in partnership liability, which the
sociation will entirely obviate.
The last week's railway receipts ascertained up
this day are, in round figures, as under :-
1863. 1862.
vat Western £56,931 £52,115
eh-Western
uth- Western
ighton
idland

,uth-Eastern 20,022 16,858
rest Eastern
reat Northern
rncashire and Yorkshire.. 32,530 30,093
orth Eastern
ristol and Exeter
dinburgh and Glasgow
rand Trunk of Canada
reat Western of Canada
These returns are generally of a very satisfactory
laracter. On that of the Great Western there is
inerease of £4 816 ; on the North Western of
7,978 ; on the South Western of £3,062 ; on the
righton of £3 068; on the South Eastern of
3,164 ; on the Great E 'stern of £1,899 ; on the
Treat Northern of £2,274 ; on the Lancashire and
'O, kshire of £2,437 ; on the North Eastern o
;2,311 ; on the Edinburgh and Glasgow of £176;
n the Grand Trunk of Canada of £3,691; and on
3e Great Western of Canada of £3,089. The Mid-
end, however, shows a decrease of £54.

Two O'CLOCK. St
At the Paris Bourse this day, accoi ding to Mr.
teuter's telegram, the 3 per Cent. Rentes were
Of to 69f. 90c.
The annual meeting of the shareholders in the II
)riental Bank Corporation has been held to day.
the report and accounts for the year 1862 showed
net profit of £193,178 Hs. 6d., after defraying ::t1
urrent expenses, and making provision for all bed

.nd douhtful debts. The directors had already e.
livided £88,200, or 7 per cent. of the year's profits,

eaving to be dealt with £104,978 14i. 6d. ; and 1(
hey now proposed to pay a dividend of 5 per cent.
Lnd a bonus of 3 percent., miking a total distribu ti
-
iou of 15 per cent. for 1862. The present dividend u
►nd bonus will amount to £lOO,BOO, or £2 per 'lt'
!hare, and will be payable here, tree of income-

,ax, on or after the Ist proximo, leaving 14,178 "I'
L4S. 6d. to be carried to the credit of the next I
recount. The directors who retired by rotation t(
were Mr. Gordon, Mr. Bonhote, and Mr. Blyth.
Mr. Harry George Gordon, who occupied the chair, :tic(
moved the adoption of the report, and briefly refer- etc
red to the statement of accounts presented by the ~tl,
directors, showing an increase in the deposits of
£1,000,000, and that their discount business had
reached £9,000,000. While the general operations
of the bank continued favourable, he (the chairman) s'
could not refrain from observing that a large num-
ber of formidable rivals had lately arisen competing
for the banking business of India and China, and
though the field of enterprise was large, he consi-
dered that the banking rtquirernents were now
excessive. 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-

Mously adopted, and, after a vote of thanks to the
directors, the meeting separated.

Business in the discount market, which wss
partially suspended owing to the expectation of
a decline in the minimum, has revived, and the
rates are firmer-3N 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 shoven undiminished buoy-
ancy. Shortly after the commencement of busi-
ness this morning buyers came forward, and Con-
sols improved to 924 93 for transfer, and to 93 for
the account ; the present quotations are 94 and
921- 93 respectively, the tendency being a little
fitter. Ttie New Threes and Reduced Annuities
have risen to 914 -1-; Indian 5 per Cents, were
1091 1; the Debentures look 4 ; the Bonds 15s. to
17s premium ; and Exchequer Bills 3s. dis. to par.
General firmness has prevailed in the Foreign
Market this morning, although the dealings ere not
very extensive. Turkish 6 per Cents., 1862, are
70i 71; do., Consolides, 481- ; Greeks have risen
to 28a ; the Coupons, to 134 e ; Spanish Passives
have been 304 4, but are now 294 30, ant the Cer-
tificates, 10i 111 Portuguese are 48; and Mexican
334 e. The Confederate Loan has seen 11 prem.,
but is now I 14 prem.
Business in the Railway Share Market has been
very inactive, and prices have remained without
material alteration.

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

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities ..
New 3 per Cent. Annuities
Aimuities, 30 yrs, expire 6th Jan., 1680 —
Ditto for 30 yrs, expire sth April, 1885. 144
India Stock
Ditto 5 per Ceut loa 5 i
Ditto Debentures, 4 per Ct., Oct., 1863 1004
Ditto ditto April, 1864 1004
Ditto ditto Aug. 1864 or 66 1005
D', bonds £l.000
Consols for Account, May 7 93
Exchequer Bills, £l,OOO 2} per Cent —
Ditto £SOO
FOREIGN FUNDS—ONE O'CLOCK.
Chilian 6 per Cent.
Ditto 4) per Cent,
51. /
Egyptian 7 pet Cent 9B t
Greek 5 per Cent., 1824-5, ex-Coup ais.„
_ .

Ditto Account.. - - 28a it i
Ditto Coupons l3l
Itaiian 5 per Cent. (Maremmana Railway) 7Ot 5
Mexican 3 per Cent
331
Ditto Account
15a
New Granada
81
Ditto Deferred P
.iIIORTI 3 per Cent.
Ditto 4l per Cent ~1869
Ditto Account..
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 5 per Cent., 1822, £ St •
i Ditto 5 per Cent., 1862
Spanish 3 per Cent
Ditto Passive
10/ 114 30
Spanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 -
Ditto Account
Ditto 6 per Cent. 18 )2
Cato Account 704 i i 1
Venezuela, 3 per Cent
Ditto 6 per Cent., 1861
Dividends on the above payable in London.
ItaDlian,
itto " 5 per Cent 1861
"
Ex. 25 francs..
Account
.. 71 a i
TWO O'CLOCK.
Consols, money
Ditto A.ccount . 92R 1
94 93