The Sun.
London, England, 1864-07-11 00:00:00

HONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK:

The favourable condition of the Money Market
noticed towards the close of last week continues
'with a tendency to still further easiness. The
rates as , yet, however, show very little ap-
parent alteration, 51 per cent. being the lowest
charge by brokers and others for the negotiation
of first•class bills. The enquiry on the part of
the commercial public shows no increare, and the
idea is now more hopefully indulged that some
further concessions will soon be made:
The prospectus has appeared of the Regent's
Canal Iron Works Company, which proposes to
purcheso and carry on the engineering works of
Mr Henry Grisaell, situate in the Eagle Wharf-
road, Regent's Canal. The works cover a space of
2; acres of land, and possess a frontage of 700 feet
on the Eagle Wharf-road, with nearly the same
extent of water frontage. There are some valuable
patents for improvements in steam agricultural
machinery which the company also propose to
acquire. It appears that the works were established
in 1841, and have been carried on by the present
proprietor since that period with great enneess. He
is still to retain an interest in the concern, and to
be its managing director. The nominal capital is
to be £250,000 in shares of £2O each, 8,000 of
Which is to form the first issue.
The Macgregor Laird, from Africa, has brought
£11,908.

The accounts from the manufacturing districts
for the past week have continued of a very satis-
factory character. At Manchester there has been
a fair demand for both cloths and yarns for expor-
tation and for home use. The woollen trade of
laeds, Bradford, and Huddersfield has been more
animated, and increased activity has prevailed in
the hosiery and lace departments of Leicester and
Nottingham. Business in the hardware districts
of Birmingham, Sheffield, and Wolverhampton has
continued steady.
The prospectus of the Robertsfors Ironworks
Company is before the public for a capital of
£300,000. The object of the company is the pur•
chase of the extensive estates of Robertsfors and
Fredriksfors, comprising about 150,000 acres of
freehold and crown lands, with large forests and
agricultural districts, as also timber and ironworks,
shipbuilding yards, Sze., which are situated in
the county of West Botten, in Sweden. The pro•
duction of iron has hitherto been limited, but by
means of the resources of a public company that
supply can be increased to any extent, and there is
always a ready market for S wedish metal. The
magnetic iron ore from the mines is exceedingly
rich, it can be obtained in any quantity, and one fact
speaks highly in favour of the undertaking, namely,
a specimen of the ore, the same as that from which
the celebrated Dannemara iron is produced has been
assayed by Messrs. Johnson and Matthews, and
found to contain 66 pure metal, and quite free from
sulphur. Another very important circumstance
is, that:the company intend to devote considerable
attention to the production of Bessemer steel. There
is ample water power on the estate, labour is cheap,
and the property is in close proximity to a shipping
Place, therefore all the materials for a successful
business are at hand. The vendors have agreed
to accept £50,000 for the estate and as the mines
and iron Works are in active operation, the prefits
will accrue to the company from the date of pur.
chase.

The prospectus of the Hudiksvall and Forssa
Steam Sawing Mill Company (limited) has beet'
issued, with a proposed capital of £lOO,OOO in 3,200
£5O shares, with power to increase to £200,000, of
Which about £75,009, or 1,500 shares fully paid up,
will be taken by the present Hudiksvall Steam
Sawing Mill Company. In the year 1857 a private
company was established for the purchase of forests
Sweden, and acquiring leases, grants, Sc 3., with
the power to sell ; as also to so perfect the water
communications for floating timber from the forest
of Forssa, and, by the aid of steam and water mills
at Hudiksvall, convert the timber into deals for sale
In London and the other markets of the world.
This company is formed for the purpose of extend-
ing the already extensive operations of the Hudiks•
!all Steam Sawing Mill Company. The directors,
Whose names will at once inspire every confidence
in the project, have issued a very explanatory
prospectus, which will be found in our advertising
Columns. Valuable leases have been secured, and
the assets of the old company were on the let of
January' last £137,950.

The first Two O'CLOCK.
Egyptian annual meeting of shareholders of the
Commercial and Trading Company Was
hold to-day -LT
..ur J. Mr. Larking in the chair. The
repoit, which 'IN -c- Was unanimously adopted, stated that
the net profit for the ten months' working had been
£29,632 63., arid after placing aside £2,900 for the
reserve fund, a dividend was recommended of 52.
3:1. per share, free of - income-tax.
The English stock market presents a slightly
firmer appearance, but the alteration is bat trivial.
The business negotiated
limited has been exceedingly
tin , and there appears to be very little disposi-
n
1" to speculate on a large scale. Consols for
°ney 901 Z, and for the account 90a
exactly. The
Al
New Threes and Reduced Annuities are 891, ...14;
arela Exchequery Bills 83 to 33 dia.
• and June do.
5 dis. to par ; India
5 per Cents., 104 Z 1 ; do. 4
lor Cents., 991 ; and do. Bonds, 14s die.
Foreign Securities have been generally stead y
\vim very little business. Turkish
.6 per Cents.,
18,825 are 681 69; ditto Consolides, 50 -wieZieen. t.x. all,"28 a ; ditto New, 2GZ ;
t