The Sun.
London, England, 1864-05-04 00:00:00

MONEY MARKET

AND

COMMEUCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
In the general discount market there is still a
very active demand, and the rates show undi-
minished stringency. When the mercantile en•
gagements now due are paid up the inquiry may
slacken, but there are no indications of a subsidence
at Present. A large amount of business is reported
in the discount office of the Bank, and in the Stock
Exchange loans are in request at full quotations.
The amount of specie taken out by the Syria,
which left to-day for India and China, was
£152,773.
The subscription lists of the Albert Insurance
Company, and the Eastern Exchange Bank close on
Saturday next.
A meeting of the shareholders of the War-
rant Banking Company was held to-day, for the
purpose of confirming resolutions for changing the
name of the institution to the Warrant Finance
Company—Mr A. D. Depass in the chair. The
previous minutes having been unanimously adopted,
the business of the meeting was concluded.
A special meeting of the shareholders of the
London Bank of Scotland was also held to-day...
Mr W. W. Cargill, M.P., in the chair. A resolu-
tion was proposed and carried, that the capital of
the company be increased by the creation of 10,000
new shares of £lOO each, to be issued pre rata to
present shareholders at a premium not exceeding
£4 each.
A circular has been issued by the directors of the
Oriental Bank, stating that they have received the
sanction of the Treasury to increase the capital of
'the corporation to £1,500,000 by an issue of new
shares of £25 each. It is proposed to allot these
shares at the price of £45 mium of per share, being a pre-
£2o to the proprietors whose names shall
appear on the register on the 20th inst., in the pro-
portion of one in six, i. one-sixth of a share for
every share then held. Payments are to be made
as follows: £lO on June 15, £lO on Sept. 1, and
£25 on Dec. 31. Discount at the rate of 5 per cent.
is to be allowed an prepayment, and the new issue
will participate in the dividend for the six months
ending June 30, 1865.
The prospectus of the Tavistock Iron Works and
Steel Or:inance Company (Limited) is issued, with
a proposed capital of £200,000, of which one.half
is first proposed to be issued in 5,000 shares of £2O
ev.da-1:1 to be paid on application, and £2 on
allotment ; the future calls, made at intervals of two
months, up to £10; which sum, it is at present
'estimated, will be all that will ba required, The
company has been established with a view to carry
cut on a large scale the manufacture of Bessemer's
and other patents, to construct steel ordnance, and,
in fact, the manufacture of iron and steel for all
:kinds of machinery and all purposes. For this
,end the directors have entered into an agreement
with Messrs. Gill and Co. for the entire purchase of
their long-established, extensive, and valuable
works at Tavistock. The purchase includes several
smportant patent rights, contracts, &c., among
which are Crease's Pneumatic Tunnelling Engines
and the Blakely guns, which patnts and contracts
alone, the directors are of opinion,e will at once pro-
duce a remunerative dividend for any investments.
The directors advert to the increased uses to which
steel is now applied, and the large profits to be
realised by the improved method of its raanufac-
tare, and are of opinion that a sure, large, and re-
munerative business may be done. One half the
shares of the first issue have been already subscribed
for. The names of the directors will inspire every
Confidence in the development of the objects of the
Company. They are all gentlemen well and favour-
twly known as eminently respectable, and, what is
More, they are all thoroughly practical men.
The share list of the Bonelli Electric Company
is announced to close on the 7th instant for London,
taut, in consequence of some important provincial
negotiations pending, the list will not be closed for
the provinces tercre the 14th,
A very ingenious contrivance has been patented
by Mr. Tent, of Birchin-lane, City, by which the
troublesome operation of hanging windows and
beds with drapery is quite simplified, by mean of a patent curtain hook, which
is so made thats the
folds of the curtain are in a second secured by one
side of the hook, and the other side is ready for its
place on the cornice or on the pole. N can
be more simple or expeditious for the purposeothing than
'this useful invention of Mr. Tent ;
remarkably cheap. they are withal

Two OCLOCK.
Business recommenced this morning in t'he market
for Consols amidst considerable depression, and
pric,es EOM gave way / per cent. de,cline, however, brought in a f This additional
ew buyers, and a
.1. ally of 1 per cent. has ensued; ti the present quota-
:inst., and 91k 1 for the June account. Affair sths
appear very unsettled. Tile New Threes are 87i
88k, the Three per Cents. Reduced 88Z I, Annuities
per Cents. 111. March Exchequer Bills, 8s to 15s
dis., and June 9s 4s die. Indian 5 per Cents. 104,1
105, and the Debentures 981.
The Foreign Market opened a very iht
appearance, and a decided decline was apparent all
round, but a partial recovery has since occurred,
t Bpd there i 3 very little business in progress.
r-r"1-2h 6 Per Cents; 1862, are 701 711 ; ditto
C`-'"cli"el6l i ; Mexic9n,43 1 ; ditto New Loan,
1.1 11 die. ; Greek, 23 1 ; Spanish Passive, 31 1 ;
Rusoian Scrip, ''.3.i I prem. ; Swedish Scrip,l 1 prem.;
and the Confederate boas, G 5 67.
Tito operations in the Railway Share Market
have been of a very restricted character, and the
few bargains reported exhibit a further decline in
prices. Metropolitan have receded
Western, £l, Midland and South Easte £2, Great
sad TAnciiihire And York6hiro rn, each 155.;
, and Brighton, 10s. i