The Sun.
London, England, 1864-04-07 00:00:00

MARKET

AND

COIiffiIIMCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
t More firmness is perceptible in the money market
°.;(1437, and the rate for three months' bills has
agyanced from 51 to the level of the Bank of Eng-
ll". A very active demand prevails in all dine-
.

The biddings for 40.00.000 rupees (£400,000) in
vi
he India took place yesterday at the Bank of
England. The proportions allotted were-to Cal-
"tte 22.24 000 rupees, to Bombay 16.00,000 rupees,
and to AlAdras 1 76 000 rupees. The minimum price
Was
as before :-18 111 cl per rupee on Calcutta and
Madras, and 19111 d on Bombay. The applications
Within the limits amounted to 426 lacs. Tenders on
Calcutta at 2s will receive about 18 per cent., and
41;13""e that price in full ; on Bombay at 2s (d about
6 Per cent., and on Madras at 2s 0-1,-d in full.
The share list of the North Australian Company
'4lll be closed to London applicants on Tuesday
next, and for the provinces on Friday, the 15th host.
The subscription list of the Oriental Financial
L'°l.Peration will. be closed to London applicants on
.I.4°llday next, the 11th inst., and to those coming
'ere the country on Tuesday, the 12th inst.
An undertaking of great importance has been
411houneed, under the title of the International
Land Credit Company, which purposes carrying on
°Perations similar to those of financial and land
hiortgage institutions, and also to be amalgamated
with the Belgian Mortgage Bank, the Bank of In-
dustry and Land Credit (Brussels), and the Vend°.
bane, Mortgage Assurance Company of Vienna.
'these companies have been established for some
time, and have realised considerable prefits. The
Industry and Land Credit guarantees to the new
shareholders a minimum dividend of 11 per cent.
for the first year, and the Vendobana promises to
Pay at its next meeting a dividend of 25 per cent.
The nominal capital of the new company is fixed
at £8,000,000, of which £6,000,000 is to form the
brat issue in 300,000 shares of £2O each. Of this
number 250,000 have already been placed on the
Continent, 15,000 in England, and the rest-viz.,
425i,000, are offered to the public. They are quoted
4 s preen.
The prospectus has also appeared of the Com-
mercial Bank Corporation of India and the East,
With a capital of £1,000,000 in 40,000 shares (of
"hieh 30,000 have been already allotted) of £25
4.41e4. This company has been specially designed
l's) enlarge the sphere of operations of the Commer-
eit el Bank of India, established in Bombay in 1845,
'1 creating it a new bank under the new title, and
Zjahlrging its capital and reserve fund. It has been
heorporated under Royal charter, which limits
the
liability • of shareholders to double the
amount of their shares, and in consideration of
the transfer of the business and reserve fund, 20,000
shares fully paid up, with 10,000 on which only
half has been subscribed, have been allotted to pre-
tient
b Proprietors, thus leaving only 10,000 shares to
e allotted to the public. This last number, how
:,ptesr, to to bear a premium of £lO upon each share,
Which, amounting to £lOO,OOO, is to be added to
the reef rve fund, raising that item to £150,000.
All call s will have to be paid prior to February
1:1"t, at id payment in anticipation will be allowed
otterest at the rate of 5 per cent.
The last week's rai'way receipts, ascertained up
t 0 this day, are, in round figures, as under :-
1864. 1863.
Great Western £60.417 £57,367
L\r
orth- Western
.Louth-Western
-gb,ton
(,61idland .. 43,817 41,677
I;.,utit h-Fastern
',treat Northern
Lancashire and Yorkshire 37,090 34,550
Bristol and Exeter
',North Eastern
?pat Eastern ..
North
Sheffield, and Lincoln 15,11-i8 !4,941
^"rth British
These returns, as compared with those of tin
44the period of last year, are generally satisfactory ;
le some instances, however, there is a falling off,
°Wing to the early period of the year in which the
Eastern holie,ays have been observed. On the
North
Eastern there is an increase of £3,050 ;
Western, £7,806 ; South Western, £B5B ;
Midland, £2,270; Great Northern, £4,434; Lan-
°ashire and Yorkshire, £2,640; North Eastern,
£4,480; North British, £1,091 ; while the Brighton
irwa a decrease of £4,081 ; South Eastern, £992 ;
reat Eastern, £1,776.

Two O'CLOCK.
At Paris this day, eccording to Mr. Reuter's
elr,egratia, the Three per Cent. Rentes were 66f. 05c.
The centre of attraction at the Stock Exchange
the market for Joint Stock Banks and Micel-
iteetla, but even these descriptions of securities
he, beginning to lOse much of their recent popu•
iitttY, and sales having been effected, quotations
1.114.", in many instances, been seriously depreciated.
e English Funds continue heavy, with very few
transactions, and Console are 912 it for money and
the present account, and 916 for May. The New
1.,,°
reen
and Reduced Annuities are 8D ; Red
8..,-4
Telegraph Annuities, 20 -I ; Exchequer Bills,
7 34. die. ; India 5 per Cents., 105 ; Enfaced 5
per Cents., 1031, and 4s. 35. die.
14 the Foreign Market there has not been truch
4 "Iraation but Mexican have risen to 45 upon
1.4
10°°Lirable statementb respecting the forthcomi )g
nal'. Turkish 6 per Cents., 1862, are ill 72 ; do.
531 ; Grpek 24 ; Spanifih Passiwt.
Clsi i; Portuguese, 49L 5; 66i 67; and thF
-,lliftderate Loan, 53 54.
been
the 1-11ilway S care Market, the dealings hay.
Et: °'r; and the few transactions recurden
vriation as regßrds prices. Metropo-