The Sun.
London, England, 1864-04-09 00:00:00

COMMXRCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
„. There is rather less inquiry for discount senora-
`uedation, and the market appears a shade easier,
thBecluent upon the payment of the dividends at
e Bank of England. Instead of paying 6 per
cent, the mercantile community can now get ac-
commodation on the last three months' bill at 5i
Per cent.

There was very little alteration yesterday after-
lo the Continental exchanges, but the rates on
Austria were rather less favourable.
Since Monday last the imports of specie bevel
„
mth°lloted tJ £445,800, and the exports to £936,400,
Another project just introduced is the Imperial
dank of China; it is brought before the pubic by
the Credit Mobilier. The capital is £1,000,000, in
20.000 shares of £5O each, the first issue being
10,000 shame. China is stated to be the only
large country in the civilised world which has
'le direct bank in London operating solely for its
/enefit, and this company has therefore been formed
to supply an acknowledged want on the plan which
has been so successfully carried out in London by
the banks for India and other similar institutions.
The Imperial Bank of China will transact all ope-
rations connected with those of a bank of issue,
e
eP°sit, discount, and exchange. Its directing and
ooetrolling authority will be in London, with
branches and local boards at Hong Kong, Canton,
Shanghai, Foochoo, Tientsin, Pekin, and such other
cities
as may from time to time be found desirable.
The
shares are 2 to 3 prem.
Among the latest additions to the list of new
bundertakings is the Millwall Iron Works Ship-
tiktlilding and Graving Docks Company intro-
Ched by the Mercantile Credit Association and the
Iraq,redit ivlobilier. The capital required is £2,000,000
00 shares of £5O each, of which 20,000 have
Y been subscribed. It has been formed to
llrehase and extend the well known business
hithertoil carried on by private capitalists under the
firm of the Millwall Iron Works and Shipbuilding
1'0°,41.131°Y. The capabilities of the establishment
"tie production of every class of iron work are
!hrPassed. The company has also purchased the
r'tatinie. Graving or Dry Dock now in efficient
bto°ll,ing, and the whole of the property has been
uned upon terms which are considered highly
favourable. The share are quoted 21 3 prem.
LA four and a half per cent. Swedish Government
0411 for £2,223,000 sterling has just been an-
hcoed. The loan is raised by virtue of an
Passed by the Four Estates composing the
18v9edish Reichsrath, under the date of October 23,
11,63, ratified by his Majesty the King of Sweden,
"ci- has been contracted for by the Iteichschulden
Schroder
(Public Debt-office) with Messrs. J. H.
'chroder and Co., of London, and other associated
i4Pitaliets. It is enacted that the proceeds of this
:ao shall be applied exclusively to the extension and
°hstruction of railroads in the kingdom of Sweden.
b °llcle will be issued in sums of £l,OOO, £5OO, £2OO,
4 4°o, with coupons, payable in sterling halt-yearly
i-11 London on the 15th April and 15th October at
the counting-house of Messrs. J. Henry Schroder
411(1 Co. The first coupon will be payable 15th Oc-
tober, 1864. The subscription price is 92,-; per cent.,
payable as follows :—£s per cent. on application ;
3'15 on allotment ; £2O, 12th May ; /20, 12th
Ttlhe £2O, 12th July ; £l2 10s., 12th August.
r„°t4l, £92 10s. per £lOO. Discount at the rate of 41
er
of cent• per annum will be allowed for pre-payment
the instalments upon any of the days fixed above.
liP receipts for sums of £l,OOO, £5OO, £2OO,
4°. will be issued by Messrs. J. Henry Schrader
eg,,C°e and after completion of the payments be
re, aged for bonds of the like designation after
/4ice'.llt of the same from Stockholm. A
• hl g fund is provided for, whereby the loan
61 be redeemed at par in the course of
Of ,37ears, by half yearly drawings the first
11:11,3"'ich will take effect on 15th of October next.
eihtS'aedish Government, however, reserves the
Air.l° repay
ti,- the whole loan t
‘lcal of 15 years from this tiame.par after the ex-

Two o'CLocx.
kikt Paris this day, eccording to Mr. Reuter's
4ratn, 'the Three per Cent. Rentes were 661. 170.
144.0 t the slightest movement worth mentioning
ibr "eurred to-day in the market for Consols, the
th:t4tiells being 911 1 for transfer, and 91; 92 for
pro- "count. Business has been very dull, and the
Ttleeeeaings have been altogether devoid of interest.
Ab ht
u New Threes and Reduced Annuities are
89i ; and Ind pCe
ia 4 er nts. 99Z i Bank of
41"hd Stock is marked 238, 240.
tr: the foreign Market there is rather more
ur-111;e138, and business is moderately active.
iloii,.ish 6 per
.Cents,, 1862, are 711 I; do. Con-
-65A92& ; Mexican, 467, ; Greek, 241 4 ;
the tlj4h Passive, 35/1; Portuguese, 49,1 1-; and
0111ederate Loan, 531541.
hy~fl
°Perations in the P.ailway Share Market
0141 "et, ijautto, and priecs have exhibited little
bov!t3 °f importance. London, Chatham, and
hAye declined M. and London and North