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

XONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
There is no alteration to-day in the general ap-
pearance of the Money Market, the rates being
firm and the inquiries rather numerous. It is
expected, however, that affairs will relapse into a
quieter position after the payment of the bills which
will arrive at maturity to-morrow, the 4th inst.
At the annual meeting of the North British and
Mercantile Insurance Company which took place at
kidinburgh yesterday, the report was adopted, and
a dividend of 10 per cent. declared on the paid-up
capital (being an increase of 2 per cent. over last
year), payable on the 10th day of March current,
free of income-tax. It was reported that after pay-
ing all losses, expenses, &c., and after setting aside,
to meet unexpired premiums, the sum of £39,863
16s. 3d., being one-third of the premiums for the
year, the rest account now amounted to the sum of
£192,803 13s. Bd. after payment of dividend to
shareholders.

Business in the Foreign and Colonial Produce
Markets during the last few days has been very
inactive. Sugars have barely sustained former
quotations, while tea, rice, and spices ware without
material change as regards values. Coffee, how-
ever, is held for full rates. Saltpetre and tallow
have been in limited request, and the latter article
has been depressed for both present and forward
delivery.
The Stock Exchange will be closed on Saturday
next, the 7th inst., and also on Tuesday, the 10th.
On the latter day, however, the Bank of England
and all other banking establishments will be com-
pelled to open, in consequence of the determination
of the Ministry to resist the universal wish of the
public that it should be made a legal holyday.

Two O'CLOCK.

At Paris this morning, according to Renter's
telegram, the 3 per Cent. Rentes were 70c. 20f.
70c. 15f. Quiet.
The Donald M'Kay has been announced from
Melbourne with £40,900 in gold.
The Submarine Telegraph Company held its half-
yearly meeting to-day—Sir James Carmichael,
Bart., in the chair. The report stated the propor-
tion of earnings after paying the working expenses
and repairs to cables, a profit was left of £9,500
16s, 7d.; and deducting the interest payable on
debentures and loans, and 10 per cent. on the gross
receipts, a balance was shown equivalent to a
dividend of nearly 5 per cent. per annum on
the share capital. A dividend at the rate of
4 per cent, per annum was recommended
to be paid, and a balance to be carried
over of £1,219 15s. to the credit of a reserve fund.
The chairman moved the adoption of the report, and
stated that the receipts of the company had in-
creased considerably since its first establishment in
1856. A Mr. Congreve and others supported an
amendment to the effect that no dividend should
be paid till all the legitimate debts of the com-
pany were discharged. The amount of interest
on debentures and loans was larger than the
dividend proposed to be paid, which of itself they
believed to be unsatisfactory, The discussion had
not terminated when the report left.
The market for the English Funds opened
buoyant, and a further improvement was percep-
tible. Owing to a few sales, however, a reaction,
amounting to I} per cent., has taken place. Con-
sols have been 921 a for transfer, and 92:4 93 for
the account, the latest prices, however, are 929 I
and 92/ respectively. The New Three per Cents.
are 911. 1 ex div. ; the Reduced, 919 1 ex div. ; Ex-
chequer Bills, 2s. prem. ; Bank Stock, 237 and 239 ;
and India 5 per Cent. Loan, 108 k 1.
Rather more activity has been perceptible in the
Foreign Market, and prices in some instances have
tended upwards. Tarkish 6 per Cents., 1854, have
been dealt in at 90; do., 1858, 691 ex div.; do.,
1862, 691 701 ; and the Consolides 4l I ; Egyptian
971 ex div. ; Moorish 931 ; Portuguese New Loan
47 ; Russian 1862, 949 ; Spanish Passive have
advanced to 271 9 ; and the Certificates to 108 a ;
Italian are 698; and the Venezuelan New Loan
89L-

In the Railway Share Market the operations were
moderately active, and prices have generally shown
increased buoyancy. Metropolitan and South
Easterns improved 55.; and Great Easterns, Lan-
cashire and Yorkshire, London and Blackwall, and
North Western, 10s. ; Great Westerns, however,
declined 55.; North Eastern (Berwick), 10s. ; and.
Great Northern A Stock, 15s.

The Foreign and Colonial undertakings were
dealt in to a fair extent, and generally exhibited a
slight advance in prices. South Austrian and Lom-
bardo•Venetian improved to 231 234 ; Great Lux-
embourg, to 151 161; East Indian, to 1061; and
Great Indian Peninsula, to 105/ I.

Joint-Stock Bank and Miscellaneous Shares, with
one or two exceptions, realised previous rates,

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock 239 7
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
&nnuities, 30 yrs, expire 6th Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885. 14 13-16
India Stock
Ditto 5 per Cent lOBl 1
Ditto Debentures, 4 per Ct., Oct., 1863 100 f
Ditto ditto Aug. 1864 or 66 1001
D;f t,. Bonds £l,OOO
Ditto under £l,OOO .... 14 pm
Consols for Account, March. 5
Exchequer Bills, £lOOO, 2/ per Cent —
Ditto Small 2 pin
FOREIGN FUNDS—ONE O'CLOCK.
Buenos Ayres 6 per Cent
Ditto Account .. 95
Egyptian 7 pet Cent 97f 7
Greek 5 per Cent., 1824-5, ex-Coup ms l9l 1
Italian 5 per Cent. (Maremmana Railway) 72
Mexican 3 per Cent
Ditto Account
Moorish Imperial 5 per Cent
New Granada l4l f
Ditto Deferred 7l
Portuguese 3 per Cent., 1853
Ditto 1862
Russian 5 per Cent., 1822, £ St —
Ditto 41 per Cent., 1850..
Ditto 3 per Cent., 1859 .. 5
Ditto 5 per Cent., 1862
Sardinian 5 per Cent.
Ditto Account ....
Spanish 3 per Cent
Ditto Account
Ditto Passive
Spanish Cert. of Coup not funded
Turkish 6 per Cent. 1854 —
Ditto Account 9O
Ditto 6 per Cent. 1858
Ditto Account, . 69} 71
Ditto, £lOO Bonds
Ditto 6 per Cent. 1862
Ditto Account
Venezuela, 3 per Cent
Ditto Account
Ditto 6 per Cent., 1862
Dividends on the above payable in London.
Italian, 5 par Cent., 1861, Ex. 25f... —
Ditto Account..
TWO O'CLOCK.
CoAsols, Money
Ditto Account 921 i