The Sun.
London, England, 1862-06-03 00:00:00

CITY NEWS---THIS DAY.

Two O'CLOCK.
The principal topic of conversation in commer-
tial circles to-day has been the capture of the
English steamer Circassian by an American ship of
War off Havana, bound from Bordeaux to that port,

and loaded with wine, brandy, coffee, and provi- 19!
1310IIS, but having no contraband of war on board. I
This event has naturally attracted considerable

attention at Lloyd's, the Jerusalem, and other
places resorted to by the shipping interest, and it
is of course imagined that the Government will in-
quire into the affair, and take active measures in
order that it may be equitably arranged.
At the half-yearly meeting to-day of the Penin-
sular and Oriental Steam Navigation Company, the
directors' report was adopted. The following are
extracts charters of the small vessels For-
mosa and Shanghai to the French Government in
China having expired, and ships of this class not
being suitable for the present operations of the com-
pany, advantage was taken of a local demand for
small vessels, and the Shanghai has been sold at a
fair price. The French Government still retains
the Grenada in its service. The directors have
received from the Postmaster-General the requi-
site notice of the intention of the Government to
terminate the company's contract for the Penin-
sular Mail Service. This contract has been car-
ried on for some time subject to six months'
notice from either party ; and, since the ex-
tension of communication with Gibraltar by
means of the Mediterranean packets, the line has
been made to terminate at Lisbon, while the sub-
sidy was so much reduced that the total abanchn-
ment of the service will be no disadvantage to the
company. The Postal Service, in other respects,
remains in the same state as at the date of the last
report. Since the last annual meeting no other
event of importance connected with the operations
z2,f the company has occurred to call for observation
on the part of the directors ; and, as the general
business during that period has been satisfactory,
they are enabled to recommend that the usual divi-
dend of 31 per cent. be now declared for the half-

year ending 31st March last, and that payment of
the same be made, clear of income-tax, on and after
the 24th June.

An unfavourable impression has been produced
-upon the market for English Securities by the ad-
Nices from America, which have induced sales
rest:l;ing in a decline of nearly per cent., Consols
being 32 921-, less the dividend, for money and the
account. The New Threes and the Reduced are
91,1 ; Exchequer Bills, 10s. prem. ; India 5 pr..r
Cent. Loan is firm at 107/ 8 ex div. ; and the New
21 per Cents. are 751 ex div.
The demand for money, although slightly stimu-
lated by the preparations for to-morrow, the 4th of
the month, is still too moderate to create activity
in the general discount market, and the rates con-
tin lie to range per cent. under the minimum of the
Bank of England.
The Strand Hotel shares are quoted at i a prem.
The ;loalings in the Foreign Market have been
of a limited character, and prices show very little
change. Turkish 6 per Cents are 811 ; ditto, 1858,
Y 01; ditto, Scrip, is firm at 21 prem. ; Russian
ditto at I I- prem. ; Egyptian 7 per Cents. are steady
at 11 prem ; ltalian have improved to 71 ; and the
Spanish Certificates are 91 1, being tolerably firm.
In the Railway Share Market the operations
have again been limited, and prices have in most
instances exhibited a further downward movement.
Great Westerns, Lancashire and Yorkshires, South
Westerns, and South Easterns have receded 10s.,
Midlands 55., and Great Northerns and North Bri-

tish 15s. Eastern Counties, however, have im-
proved ss.

The Foreign and colonial undertakings were also
ill limited demand. South Austrian and Lombardo-
Venetian improved to 211 ; Sambre and Meuse de-
clined to 111 ; Grand Trunk of Canada, to 221 231 ;
Great Indian Peninsula advanced to 1044 ; Bombay
and 3aroda, to 104 ; and Madras 5 per Cents., to
102 k 1,931.
Joint Stock Bank and Miscellaneous Shares
continue flat, at about former rates. London Joint-
Stock reh lisei 37 ; Oriental Bank, 501 ; Ottoman
Bank, 244 k; Chartered of British Columbia, 44 ;
Alliance of London and Liverpool, 31 I; Australian
Agricultural, 25 ; Madras Irrigation, 34,-; and Royal
Mail Steam, 51.

BRITISH FUNDS—ONB O'CLOCK.
3 per Cent. Reduced Annuities 914 I
3 per Cent. Consols Annuities 92
New 3 per Cent. Annuities 9l*
N ler Coat. Annuities _ 7-)t

.46V 21: pe. -
India Muck
Ditto 5 per Cei)t.
Ditto Debentures, 4 per Cent., Oct.' 1863 100 k
Ditto .ditto Aug. 1864 or 66 99k
Ditto Bonds £l,OOl
Consols for Account, June 10 . 92/ i
India Stock for Account, 6 per Cent .... 107.±
Exchequer Bills £l,OOO, 3 per Cent lO
Ditto Advertised l2 9
FOREIGN FUNDS—ONE O'CLOCK.
Brazilian, 5 per Cent.
Ditto 43 per Cent., 1852-58-60
Egypt Centp
ian, 7 er
Portuguese 3 per Cent., 1853 4st
Ditto Account
ttussiitn 5 per Cent. 182? £ St 97t
Ditto, S per Cent., 1862. Scrip
931
Ditto, Pala up Scrip
Spanish Cert. of Coup. not funded 9t
Tun'tish 6 per Cent. 1854
81i,
Ditto Account .. . .......... ...
Ditto 6 per Cent. 1858
..n,
Ditto Amount
Ditto iBO2 (Scrip) ................. . 70.. ,i i
Ditto, Paid up Scrip ...............
...102f
Ditto Guacar_teed, 4 per Cont. ..... • •
rf.vidt,nds on the above Payable in London.
Italian 5 per Cent., 1861, ex 25f......... 71
Piedinontese, 5 per Cent., Ex. 25 francs.. 71
Consols, Money .. TW0920'13/4Ceic
driv-.
Ditto Account

:MEETING OF THE CONSERVATIVE pARTY.-A
very numerous meeting of the conservative party took place
at half-past 2 o'clock yesterday afternoon, at the Duke of
Marlborcugh's house, in St. James's-squat e. Th
included the members of both branches of the Legislature,
assembly
and the congregation was most numerous, including the.
Earl of Derby, the Earl of Carnarvon, the Right Hon. B
Disraeli, the Bight Hon. Sir W. H. Jolliffe, Sir J. Peking-
ton, the Right ;lon. C. B. Adderley, Sir H. Cairns, Sir S.
Northcote, Colonel Taylor, &c.
THE LORD MAYOR AND SHERIFFS OF LONDON.
.--The election of sheriffs for London and Middlesex will
take Place on Tuesday, tiie .24th instant, on which day it is
considered probable that the choice of the livery will fall
upon Mr. J. Clarke Lawrence, the senior alderman, who
la has aot served, and Mr. Hillary Nissen, stationer, of Mark-
ne. The election of Lord Mayor will take place on the
the9of NPtereber. The following are the gentlemen below
hair who having
seryed the office of sheriff, are eligible
for nomination
V. A. Rose, Mr. W. Lawrence, Mr.
NV. S. li"let Mr. B. S. Phillips, Mr. Gabriel, Mr. W.
Allen, Nr. Mechi, Mr. Conder, and Mr. Abbisg. Any
other alderman who Ills passed the chair, or the present
Lord Mayor, may be put in nomination, as was the case
last year; when Sir _Henry Mug-geridge, who stood next in
rotation for the mayoralty, Was superseded. There are
rumours of a contest this year.