The Sun.
London, England, 1863-03-12 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE

CITY, TWELVE o'CLocii.
The rates of discount continue firm, and there is
a steady demand in the open market as well as at
the -Bank of England.
The next drawing for bills of Exchange on India
will take place on the 18th inst., the amount being
£400,000.

The Ceylon, which left to-day with the Bombay
mails, conveyed £8,700 in gold, and £212,250 in

silver

The Universal Marine Insurance Company's
'third ordinary meeting of shareholders is t:ow being
field. The report presented by the directors states
'that the amount paid in the course of 1862 out of
the funds of the company for adjustment of claims,
extended to £326,153 9s. sd. ; of this sum, £237,112
Os. 10d. proceeded from the business of 1860 and
1861, and the directors are now able to announce
that, by its payment, the liabilities of those two dis-
astrous years have all but terminated. The claims
paid up to 31st of December, 1862, amounted to
£89,041 Bs. 7d., leaving, therefore, a balance of
£124,000 of premiums against the risks outstand-
ing on that day of less than £3,500,000.
The prospectus has been published of a loan for
Salvador. The amount is £400,000 in an 8 per
cent. stock, at the price of 85, with a 3 per cent.
accumulative sinking fund. The instalments are
spread over a period of six months, the stock
is redeemable at par, and the authority for its
negotiation being complete no ratification will be
required. The money is to be applied to the este- 19.:
blishment of a bank, building three piers, the
construction of bridges and tramways, and the
importation of skilled artisans, all of which are ;
much required, in order to develope the resources ;
of the country. All the revenues obtained from t
the works thus constructed, and one-half of the
Customs duties, are to be hypothecated as security
for the interest and sinking fund, and the Bond- t
holders may nominate. their own agents for the
collection of these revenues. The prospectus states
that Salvador has neither an internal nor external
debt, awl that the population has largely increased I:
within the last three years. The quotation is Ito

2 prem.,
At 5-4 meeting held yesterday of the creditors of
Mesexs. Lori rin, Grassie, and De Lisle, who failed
with liabilities for about £90,000 in December last,
it Was resolved, after a long discussion, to place the
est ate in bankruptcy. _ _

- -
The last week's railway receipts, ascertained up sh
to this day, are in round figures as under : is
1863. 1862. eta
Great Western £53,8 t 1 £48,915 2
North-Western
South- Western • 20,267 16,201
Great Northern
Lancashire and Yorkshire 31,770 29,668 ic
Brighton
Midland 39.635 35,715 1(4
Nor th- 1+; astern 39,35-1 36,837 ,
South-Eastern 19,423 15,380 1
Bristol and Exeter
Edinburgh and Glasgow
Grand Trunk of Canada .. 18,553 18,409

These returns are in most instanees of a satisfac-
tory character. On the Great Western there is an t
increase of £4,896; on the North Western of £8,067;
on the South Western of £4,066; on the Great 1,
Northern of £2,91.7 ; on the Lancashire and York- 1:
shire of £2,102 ; on the Brighton of £3,365; on
61
the Midland of £3,920; on the North Eastern of
£2,513 ; on the South Eastern of £4,043 ; and on at
the Grand Trunk of Canada of £149.

Two o'CLocK. ' tc
At Paris, this day, according to Mr. Reuter's Ij
telegram, the 3 per Cent. French Rentes were etc
lit(
69f. 85c. to 6M. 90c.—Firm. st(
Continued business has prevailed in the market „t;
for the English Funds to-day, several sales, partly
for delivery, having taken place, which caused an
additional decline of full 4. per cent. The tendency
seemed to be unfavourable, and speculation inac-
five. Consols are 921 for money, and 924 1 for the
account, The New Tarees and Reduced Annuities
are heavy at 904 4 ; India Five per Cents. are 108
and the 54 per Cents. Enfaced, 112 ; Exchequer _
Bills are par ; and business has taken place in Indian
Bonds at 18s. to 20s. prem.
lu the Foreign Market there is rather more
animation, but prices are heavy. OA Turkish 6
per Cents. are 894 901; do. 1858 have recened to
681 4; do. 1862 to 684 691, Venezuela 6 per
Cents. to 59 4, Italian to 694, uo. Maremnv-ina Rail-
way Loan to 711 72; but Greek have improved to
20 ; Mexican have declined to 314 4. Spanish
Passive to 61 4, and the Certificates to 91 4.
Business in the Railway Share Market continued
moderately active, and, owing to the favourable
character of the traffic on most of the principal
lines, prices exhibited rather less depression.
Great Northern, ,nd London and Blackwall re-
ceded ss. ; South Eastern, 10s. ; and South-
Western, 15s. North Eastern (Berwick), however,
improved los.
The Foreign and Colonial lines were inactive,
and the few dealings reported were at about pre-
vious quotations.
Joint Stock Bank and Miscellaneous shares were
in moderate favour. Bank of L-indon :have im-
proved to 116 ; London and South African, to 264 ;
Ottoman Bank declined to 411 ; Peninsular and
Oriental Steam realise 734 g ; and Royal Mail
Steam, 594 60.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock
Ditto 5 per Cent lOB4
Ditto Enfaced Paper, 4 per Cent
Ditto 51 per Cent.
Ditto Debentures, 4 per Ct., Oct., 1863
Dia° ditto Aug. 1864 or 66 100
D t bonds £l,OOO „... ......
Ditto under £l,OOO
Console for Account, April 8
Exchequer Bills, £lOOO, 24 per Cent par 3 dis
Ditto Small 3 die

FOREIGN FUNDS—CLOSING PRICES.
Brazilian 5 per Cent
Ditto 41 per Cent., 1852-58-60
Chihim 6 per Cent.
84 31
0, tto 51 per Cent
Danish 3 per Cent., 1825 —
Ditto Scrip, £l5 paid l/ 1 pm
Egyptian 7 pet Cent..
96
Ditto, Second Issue
Greek o per Cent., 1824-5, ex-Conpms 2O }
Ditto Coupons
Italian 5 per Cent. (INlaremmana Railway) 7LI 2
Mexican 3 per Cent
Ditto Account
Moorish Imperial 5 per Cent
New Granada l4
Pe lici,n 4i per Cent.
Ditto 41j per Cent ~1862 ....
I)itto Account
Portuguese 3 per Cent., 1853
Ditto Account....
Ditto 3 per Cent.,1856, '7, '9, and '6O
Ditto Account 46&
. Ditto 1862 .
Russian 5 per Cent., 1822, £ St 94
Ditto 5 per Cent., 1862
Ditto Scrip, £65 16s. paid 4 pm
Sardinian 5 per Cent. ........ .. •
Ditto Account B4
Spanish 3 per Cent
Ditto Accounl. .
Ditto New Deferred ..
,itto Account
261 1
Ditto Passive
91 I
.Spanish Cert. of Coup not funded ....
Turkish 6 per Cent. 1854 —
Ditto Account. 9O

Ditto 6 per Cent. 1858
Ditto Account......
.... 681 I i
Ditto 6 per Cent. 1802 .............. 691
l)itto Account 69 1 8! 9
Venezuela, 3 per Cent ......
Ditto Account
Ditto 6 per Cent., 1852 ' 591 9
Dividends on the above payable in London.
Belgian 4i per Cent., Ex. 25f 99
Dutch 21 per Cent., Ex. 1.2 Guil 64/
Italian, 5 per Cent., 1861, Ex. 25 francs —
Ditto Account
THREE O'CLOCK,
Consols, Money
.0 itto Account

At the first day's sale of the paintibgs belonging
to M. Meffre, the well known dealer in Paris, the
highest price (13,000 f) was given for an Italian landscape,
by Both ; a sea view by Backhuisen, called " The White
Sail," was sold for 6,800 f; a "Shepherd Reposing," by
Eerghem, brought 4,700 f ; a " Child Dressing," by Ter-
burg, 4,500 f ; and a " Night Scene in the Environs of
Haarlem," 2,6501, The majority of the pictures belonged
to the Dutch and Flemish schools; but there were a few
French ones, among which the most remarkable was David's
" Belisarius," which sold for 7,150 f. The only works of
contemporary French painters were two by M. N. Diaz,
" A. Forest Scene," which was knocked down at 1,660 f, and
the 41 Fairy with the Pearls," at 3,600 f.