The Sun.
London, England, 1864-06-23 00:00:00

II E MARKET]

AND

CCIIMEIWIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
The B ink of England rate of discount continues
at 6 per cent., the direotors at their weekly court
this morning tot having considered it necessary to

Make any farther alteration. The requirements o

the commercial public are still large; but, es it is
thought that in the course of a short time they will
be contracted within their usual limits, no surprise
has b!en occasioned by the continuance of the offi.
cial quotation at its present figure. The terms
charged by brokers and others are equal to those
current at the national establishment, and a large
number of applications have consequently there
been made by the mercantile classes.
The committee of the Stock Er.change have ap.
Pointed Monday, the 27th inst., a special settling
day in the shares of the London and Provincial
Marine Insurance new issue, in the Miliwali Iron
Works Company, and in tho Otago and Southland
Investment Company (in the latter instance only as
regards transactions entered into on and after the
4th May), all of which are to be marked on the
official lists.

The last week's rai'Lway receipts, ascertained up
to this day, are, in round figures, as under:—

1864. 1863.
Great Western
North-Western
, South-Western
Brighton
.. 20,142 20,113
_
Great Northern
Lancashire 40,830 35,210 and Yorkshire...,
61,588 53,31)3
North Eastern
Bristol and Exeter
46,721 4 i 0.54
kidland
801Ith Eastern
Great Eastern
North British

These returns are in most instances of a very
favourable character when compared with those of
the same period of last year. On the Great
Western the increase is £4,208; on the North
Western, £10,296; on the South Western, .£3,995 ;
an the B righton, £29 ; on the Great Northern,
£3,763; on the Lancashire and Yorkshire, £5,620 ;
an the North Eastern, £8,285; on the Bristol and
seter, £1,678; on the Midland, £5,607; on the
South Eastern, £2,059; on the Great Eastern,
£2,109 ; and on the North British, £BOO.
We are informed that an arrangement on equit-
able and satisfactory terms has this day been pro-
visionally concluded for a fusion of the capital and
business of the London Bank of Scotland with the
Mercantile and Exchange Bank. The goodwill of
the former bank will be transferred to the latter,
Whose London board will be strengthened by the
addition of five of the present directors of the Lon.
don Bank of Scotland, and its nominal capital
15 by these arrangements to be increased to
4000,000, of which £BOO,OOO will be paid up.

The susl:ension bas been announced of Messrs.
Lawrence and Fry, timber brokers, with liabilities
estimated at .050,000, and which have been ins
etzrred, not in connexion with the timber trade, but
in the execution of railway contracts. According
to the following circular it appears that a satisfac-
tory liquidation is relied upon

" 10, New Bread-street, June 22.
•
"Gentlemen,—tide regret to have to inform you that in
"Ilsequenee of the non-payment of a very large sun of
tzioney due to us we are advised, after mature deliberation,
to euspend payment.
"We feel justified in asserting, however, that our assets
are largely in excess of our liabiiities, and therefore wits
the more confidence ask your kind forbearance pending the
investigation of our affairs by Messrs. Coleman, Turquand,
Yourgs, and Co-

"We are, gentlemen, your obedient servants,

"LAWRENCE AND FRY."

The prospectus of the Lon(' on Theatre Company,
which will be found in our advertising columns,
is one that sseras to carry with it complete and
certain success, as the want of a superior place of
entertainment in the ncJiglibourhood of Kin:'s
cross has kn..; been felt. The object of the directors
le to erect a spacious and elegant theatre in that
neighbourhood (an admirable site havin g been
already secured), capable of accommodating 2,500
Persons, for dramatic and operatic performances,
and a smaller ono for first class amateur enter-
tainments and concerts. There are already many
advantages in favour of the proposal, namely, a
densely populated neighbourhood, the absence of a
theatre north-west of the metropolis, the
proximity of the termini of the Great Northern,
the London and North-Western, the Metropolitan,
and the intended terminus of the Midland Railway.
The directors also propose to associate with the
theatres a restaurant on an enlarged and improved
scale, for the purpose of supplying to the public
refreshments of the very best description at the
lowest prices, which will doubtless prove a boon to
the public and a source of considerable revenue to
the company. The capital is fixed at £50,000, in
8,000 shares at £lO each. From calculations that
have been mode, very nearly 20 par cent. profit is
anticipated.
Tao prospectus of the London and Southwark
Insurance Corporation has been issued, with a view
of affording additional facilities for life and fire ins
larance on the south side of the Thames. In foaming
the company the directors do not profess to base its
Prospects merely upon local associations, yet it must
be admitted that such a consideration must enter
lzrarely into the probabilities of a successful under-
taking. It is certainly curious that up to the pre-
aent period no great effort has been made in this par-
tictilar direction to extend the advantages of insur-
ance, especially as the boroughs south of the Thames
contain a population of no less than 650,000, in-
habiting PAM houses, beside which there are exten-
atvo wharves, warehouses, and manufactures of many
denominations representing a vast amount of pro-
Party and influence. The promoters of this new
company propose to supply the omission, and with
the talent and energy with which the matter has
been taken up the prospects of complete success is
almost certain. The directors are all first-rate men
of business, and the raduction that has lately taken
place in the rate of insurance slaty, will no doubt
secure for them a large amount of business. The
capital is set down at £500,000. in 20,000 £25
shares; but, in the first instance, it is only proposed
to issue 10,000, with a call of £5, es there will be
no expenditure of " promotion money." The direc-
tors have already scented very eligible offices in the
most prominent part of Southwark.

Two o'CLocK.

At the Paris Bourse this morning, according to
neuter's telegrams, the Three per Cent. Rentes
Were quoted 65f. 87c.
The decline in the Stock Exchange markets yes-
terday was followed by a strong relapse through
rumours which for the moment led to the belief
that a peaceful settlement of the war in Germany
had bees successfully obtained by the Ministers.
But this morning, however, the painful intelligence
gained ground that the Conference had broken up,
and that war would be recommenced, which ex-
cited further distrust in the public mind, and Con-
sols have gone down 3.16 per cent., the quotations
being 8911 for money, and for the account 895 90.
The New Threes and Reduced Aunuitiea are 88i I;
I'4:chequer Bills, 53. dis. to par. ; India 5 per Cents.
1011 ; ditto 4 f. e r Cents., 99! ; and the Bonds,

33* dis.
A general decline has also taken place in the
Foreign Market, and business is very dull. Turkish
6 per Cents., 1862, are 701; do., Consolides, 478 i;
:Mexican 42 43k ; Greek, 231; Spanish Passive,
do. Certificates, 9i 10fr ; Portuguese 481 73,-; Rue-
Blatt, 871 ; Italian, 68;7-, 69k; and the Confcthrate
Loans, 62 64.
locreascd heaviness has prevailed in the Railway
Share Market. Metropolitan have declined 55.,
Lucas'aire and Yorkshire 10s., London, Chatham,
and Dover 10s., and Midland 153., while South
tstern have improved ss.
The Foreign and Colonial lines show little or no

change.
Bank end Mirelll:-..r.c.oug Sh.ro-rs
and quotatisns in some instances e.:;.hibt less firm-
tea. Lot don and Venezuela Bank. arc quoted 4