The Sun.
London, England, 1864-10-22 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.

There is a very small demand for discount accommoda-
tion in the general money markot this morning, and the
supply of capital being abundant, brokers are evincing a
disposition to negotiate bankers' acceptances at rates
a fraction below the official minimum of 9 per
cont. There is a much more cheerful feeling everywhere,
and should the next Bank return prove favourable, we may
expect to witness a return of confidence in financial circles.

Since Monday last the imports of specie have amounted
to £151,000, and the exports to £207,600.
The stoppage has been announced of Messrs. Simpson
and Co., merchants and insurance bankers, of Gracechureh-
street, but their liabilities are stated to be very small.

A meeting of the creditors of Mr. Aaron SAlomons, of
Oil Change, has been fixed for Tuesday next.
There was no material alteration iu the foreign exchanges

yesterday afternoon.

The bullion operations at the Bank yesterday comprised
the influx of £104,000 in bar gold, and the withdrawal of
50,000 sovereigns for transmission to the Brazils by the
French packet on Monday.
The Northern Assam Tea Company has been introduced
fer a capital of £200,000 is 20,000 shares, of which 15,000
are to be first issuol. It is not intended to call up more than
£1 108 per share for 12 months. It is intended to purchase
twelve valuable tea estates, situated in Northern Assam,
on the south side of the Brahmapootra River, at distances
varying from two and a half to ten miles from Dibrooghur,
the principal shipping port of Upper Assam. These estates
are in close proximity to those of the Assam and Upper
Assam Companies, and are all situated on the Great Trunk
Road. of Assam, with direct steam communication with
Calcutta. The estates comprise fully 6,000 acres, of
which 500 acres are already planted in tea gardens,
180 acres being of three years' growth, 170 of one and two
years', and 150 just planted. The vendor has substantially
guaranteed to the directors a minimum dividend of ten per
cent. on the paid-up capital during the first three years;
but from the estimates of produce and expenses, which
have been carefully examined, the directors state they are
justified in anticipating after the first year larger dividends.
The purchase money is fixed at £54,000, payable £7,000 in
cash, and the residue by four annual instalments, commenc-
ing in January, 180, with interest at five per cent. Tha
Vendor will pay all the expenses incidental to the formation
up to the allotment of shares. The list of applications for
shares will close on the 31st inst., and it is understood that
nearly the whole number to be allotted have been sub.
scribed.

Two O'CLOCK.

At the Paris Bourse to-day, according to neuter's tele-
gram, the 3 per Cent. Rentes were quoted 64f 92c. Rather
firm.

The English Stock Market opened with a very firm ap-
pearance, and a rise of fully per cent. speedily occurred;
but upon a pressure of sales to realise profits obtained by
purchases at the recent low range of quotations, a reaction
ensued, and Consols aro 88/ for money, and 89 exactly for
the account, or the same as on the previous afternoon. The
New Threes are 87 the Reduced 87 ; India 5 por Cents,
1041 ; Exchequer Bills, March, 10s. to 6s. die., and do.
June, 18s. to 12s. die.

Foreign Securities are also flatter than at the commence
went of business, and the market presents a depressed
appearance. Turkish 6 per Cents , 1862, are 70 1--do.
Consolides, 491 I—Mexican, 26 I—do. New, 241 25
Greek, 211 22—Spanish Passive, 291 1--do. Certificates,
131 I.—and the Confederate Loan, 61 65.
In the Railway Share Market there has been little alter-
ation, and prices continue without material change.
Caledonian, however, have improved 155., and Midland 55.,
While Metropolitan have declined 10s.
The Foreign and Colonial undertakings are inactive, at
about former rates. Bank and Miscellaneous Shares, in
• one or two instances, are a shade firmer. London and
South African realised 201 ; Imperial Ottoman, 15/ ;
Chartered cf India, Australia, and China, 31; General
Credit, 61 1; while Royal Mail Steam have declined to 91.