The Sun.
London, England, 1864-05-24 00:00:00

ONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.

The commercial community are now anxiously
hoping for another reduction on Thursday next in
the Bank of England minimum, and, as a matter
of course, there is very little business transacted in
the interim. The public are holding over their bills
in anticipation of the event, and the rates now
current are from 7 per cent. upwards. Capital is
abundant, gold has continued to flow into the Bank
Of England, and as competition among the bill
brokers during the past fortnight has been excited,
the authorities cannot have had many applicants
for discount. Under all the circumstances, there-
fore, there seems great probability that the expected
alteration will be realised.
A further sum of £llO,OOO in bar gold was taken
into the Bank yesterday.,
The 27th inst. has been appointed by the com-
mittee of the Stock 112,xchange for a special settle-
ment in the Engl'iala scrip of the Mexican Loan,
which is to be inc'iuded in the official list.
A call of £2 Tier share, payable on or before the
18t4' proximo, l'.as been announced by the directors
of the Financi,:a Corporation.
The letters of allotment of the Tavistock Iron
Works and Fiteel Ordnance Company (Limited), are
now ready„

The shp.reholders of the Bank of London held a
special m eating to-day, when the resolutions passed
on the 9 th instant fur increasing the Capital were
duly co cifirmed.
D•uring the last few days a moderate amount of
bustness has been transacted in the Foreign and
Colonial Produce Markets. Sugars have been in
fair
request at full rates, while the dealings in coffee
have been to an average extent without material
change as regards values. For rice, fruit, and spices
!Notations have remained unchanged, and business
In
the tr.llow market has been dull, but at steady
prices,

TbF
annual meeting of the National Bank was
held 'to.day—Mr J. N. 111‘Kenna in the chair. The
I.el3'r t, Which was unanimously adopted, stated that
since the accounts were made up a dividend at the rate
°f 1:8 per cent. per annum, and an extra dividend of
16s. 'per share, was paid in Feb. last ; the amount
of undivided profits after these pay memts stood at
£12,9,174, 16s. 10d., as compared with £103.72C1
33. 10d. of the previous year. The directors bad
inc reared the capital from £1,000,000 to £2,000,000
by the issue of 20,000 new shares, at a premium of
£25 per share to the old shareholders, and £3O per
-share to the general public,

The General Contract Company is a new under-
taking just formed for constructing, maintaining,
and working of railways, manufacturing railway
plant and rolling stock for sale or hire, reclaiming
lands, building reservoirs, roads, bridges, docks,
tnarboure, piers, breakwaters, &c., &c. The direc-
tors have secured the business of the eminent con-
tractor, Mr. Rowland Brotherhood, who has agreed
to transfer the whole of his business to the com-
pany upon terms which may be considered as
favourable. The works, which are situated at the
Great Western Railway station at Chippenham,
together with the plant and existing contracts, are
to be taken at a valuation, and one-third of the
amount ie to be paid in shares. The capital re-
quired is £1,000,000, but only half that amount is
to be called up in the first instance.

The English, Swedish, and Continental Financial
Company (Limited) require a capital of one million,
in 20,000 £5O shares, proposing a first issue of
10,000 shares, 2,500 of which are reserved for
Sweden. No mill is to exceed £6. Three months
to elapse between each call, and it is not intended to
call up more than £l5 per share. 'The directors,
Whose names will be found in another column, are
gentlemen of high standing in the commercial
World, set forth. the objects of th'a association as in-
tended to prom ote the developpAent of the resources
of Sweden and Norway, and by thus applying the
subscribed capital they are of opinion that a large
field will be opened np for safe and profitable in.
vestment. In Norway and Sweden no such insti-
tution exists, consequently the vast forests, the in-
exhaustible -mineral deposits, the e.griealture, the
rising commerce of the country demand the finan-
cial aid which this comp an
After y proposes to give.
a cleat+ investigation, and looking at the
!narked success of the Enskilda Bank and similar
inetitutions, the directors are confident of a satis-
factory pecuniary result from the operations of the

company, which eventuality has been borne testi-
mony to by a distinguished cfncial of the country.

Two O'CLOCK.

At Paris this morning, according to Renter's
telegram, the Three per Cent. Rentes were 66f. 75c.
Firm.

A few dealings in the English stocks this morn-
ing have occasioned an improvement of in the
Fonds compared with yesterday. The continued
favourable prospect of monetary affairs has also im-
parted a firmer tone, and Consols are 911 for
money, and 901-, a, less the dividend, for the account.
The New Threes and Reduced Annuities are 89L-- 4 ;
Exchequer Bills, 133 dis. ; India 5 per Cents., 1057- -;1;
Debi-ntures, 98t- ; Enfaced do., 104 ; and the Bonds,
21s dis.

There has been a general improvement in the
Foreign Market, and business is moderately active,
Turkish 6 per Cents., 1832, are 701 711 ; do., Con-
solide3, 48 I; Mexican, 44Z 45k; do, New Loau,
tot- prem.; Greek, 231 i; Spanish Passive, 348
Portuguese, 48 ; Russian Scrip, 38 d prem. ;
Swedish do,, 1 to 2 prem ; and the Confederate
Loan, 65 67.
Business in the Railway Share Market has con.
tinned very quiet, and there is little change of
importance to report as regards values.

Bank and Miscellaneous Shares also remain ex-
ceedingly inactive, but generally support previous
pr ices,

BRITISH FUNDS—ONE O'CLOCK.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto Account, May 8
per Cent. Reduced
New 3 per Cent, B9A i
New 21 per Cent. Jan. 1891. .. .
Ditto 5 per Cent., Jan. 1873 —
A anuities, 30 yrs, expire frith Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
Ditto (Red Sea Telegraph), Aug. 1908 —
March. June.
Exchequer Bills, £l,OOO, 24 & 3 per Cent l3 dis
Ditto £5OO
Ditto £lOO and £200
Sank England Stk, 51 per Ct.
Ditto Account..
INCUR' GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874 217
Ditto,s per Cent. July, 1870
Ditto Account
Ditto 4 per Cent., Oct. 1888 —
Do Certificates
Ditto Enlaced Paper, 4 per Cent 93/
Ditto 5 per Cent., Jan. 1872 .. 104
Ditto 5/ per Cent., May, 1879 —
Ditto Debentures, 4 per Ct., April 1864
Ditto ditto Aug., 1866 98/
_ .

Ditto Bonds Ll,OOO - 24 dis
Ditto under £l,OOO
FOREIGN FUNDS—OK K O'CLOCK.
kastrian Bonds, 5 per Cent .. --•
Ditto 1859
Brazilian 5 per Cent
Ditto 4i per Cent., 1852-58-60
Ditto 1863 —
Buenos Ayres 6 per Cent —
Ditto Account —
;Milan 6 uer Cent. —
Ditto 42 pei Cent.
Colombian 6 per Cent —
Cuba, 6 per Cent.
Danish 3 per Cent., 1825
Ditto 5 per Cent. 1864 -
Ditto Scrip £5O paid - Pra
Equador Now Consolidated, 1 per Cent..
Egyptian 7 per Cent.. —
Ditto, Second Issue ..
Greek 5 per Cent., 1824-5, ex-Coupons.. 238,
;Ditto Account
Ditto Coupons
Ditto Account lOl
Guatemala, 5 per Cent.
Ditto, 1839 and 1859
tati.:,, 5 per Cent.(Maremruana Railway)
51,,xican 3 per Cent
Ditto Account
Moorish Imperial 5 per Cent
New Granada —

Ditto 2 per Cent. ..
Ditto Deferred

Ditto Land Warrants (Hectares) —
Peruvian 41 per Cent
Ditto Account....
Oitto 3 per Cent. (Uribarren)
Ditto 41 per Cent., 1862
Ditto Account -,..
Portuguese 3 per Cent., 1853

Ditto Account
Ditto 3 per Cent., 1856, '7, '9, 'GU, 62,'3

Ditto Account 4Bl
Russian 5 per Cent., 1822, £ St —
Ditto 41 per Cent., 1850 —
Ditto 3 per Cent 1859 ..
Ditto 5 per Cent, 1862
Ditto 1861 Scrip, £lO paid
Ditto Anglo-Dutch
Sardinian 5 per Cent
Ditto Account
Spanish 3 per Cent
Ditto Account
Ditto New Deferred
Ditto Account ..
Ditto Passive
Ditto Account 341
Spanish Cert. of Coup not funded —
Ditto Account —
Swedish. 4 per Cent —
Ditto Scrip, £2O paid
ritrkish 6 per Cent. 1854 —
Ditto Account
Ditto 6 per Cent. 1858
Ditto Account 6Bl 9 8/
Dittc, LIOU Bonds 731
Ditto 6 per Cent. 1862
Ditto Account .. 70t
Ditto £lOO Bonds 7l/ 701
Ditto 1563 ..
Ditto Guaranteed, 4 per Cent. lOOl
Venezuela 3 per Cent.
Ditto Account —
Ditto 6 per Cent., 1862
Ditto Account
Ditto 6 per Cent, 1864
Ditto 11 per Cent
Dividends on the above payable in Lend a
Austrian, 5 per Cent.. Ex. 10 Florins.
Belgian 41 per Cent., Ex. 25f... —
Dutch 21 per Cent., Ex. 12 Guil 64
Ditto 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 25 francs —
TWO O'CLOCK.
Consols Money
Ditto Account ~........ 90/ 1 x d