The Sun.
London, England, 1864-04-08 00:00:00

MARKET

AND

COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
There is still a very brisk demand for money at
the Bank of England, in the open market, and in
the Stock Exchange. Full rates are required for
accommodation, and the immediate position of
affairs is indicative of considerable firmness.
The Bank of England return for the week to
Wednesday is rather unfavourable, as will be seen
"Y the movements exhibited in the subjoined
agalsais as regards the bullion, notes in reserve,
and other securities :

Active Circulation • •
Increase ..
Bullion .. • .
Decrease ..
Rest • .
Decrease

•• ••

Public Deposits
Decrease ..
Other Deposits..

.. £21,003,220
.. 593,695
.. 13,616,763
.. 546,756
.. 3,144,179
.. 740,736

9,818,880
.. 461,578
.. 13,348,299

Increase .. • •
Seven Day and other Bills ..
Increase • • • •
Government Securities ..
Decrease .. • • • •
Other Securities .. .. 22)853,453
Increase .. • • • • 654,083
Notes Unemployed .. .. • • 6,583,655
Decrease .. 1,066,875
About 200,000 sovereigns were withdrawn from
the Bank yesterday for transmission to the Brazils,
but £12,000 in bar gold was taken into that esta-
blishment.

„
.. 689,313
.. 625,694
.. 26,575
.. 11,273,056

The Telegraph Construction and Maintenance
Company, to be amalgamated with the Gutta Percha
Company and Messrs, Glass, Elliot, and Co.'s manu-
factory, requires a capital of £1,000,000 (first issue
750,000), in shares of £2O each. The undertaking
18 to make and maintain lines of communication,
both
submarine and on land, in every part of the
World. The arrangement includes the assignment
to the company of the lease for the submarine
:legraph between Malta and Alexandria, and the
*kiezeindria, Cairo, and Suez Telegraph.
Subjoined is a resolution provisionally adopted
Y the committee of the Sock Exchange, with the
view of arresting the rash speculation going on in
the
shares of the new companies now almost daily
introduced
The committee will appoint a set-
tling day for transactions in shares of a new coin-
PnY if no allegation of fraud or misrepresentation
ofs fraud has been submitted to them, and provided
4facient scrip or shares be ready for delivery; but
such settlement shall be special and shall not apply
t bargains made previously to delivery of allot-
"lent letters ; no difference arising out of such bu-
rns shall under any circumstances be allowed as
Maims against a defaulter's estate."
The operations in the Foreign and Colonial Pro-
lice Markets during the last day or two have been
t° an average extent as regards tea, which realised
full rates at public sales. Sugar, however, owing
t 0
the uncertainty felt with regard to the alteration
in the duties, has been neglected, although holders
have demanded slightly enhanced prices for West
In coffee the operations have been moderate,
lti!erior qualities of colonial having given way
41"Ilt ls. to 2s. per cwt. Cocoa, rice, fruit, and
.14altPetre, have contiuned in fair request without
`uaterial change, while tallow has been rather in.-
active, the dealings for both present and forward
delivery resulting in a slight decline.
We are requested -to state that, in consequence
°f a lecture at the Royal Institution this evening,
°II the Bonelli Te'legraph, the instruments cannot
be seen after to-d ay at No. 7, Angel-court ; also that
qtr, D. J. Jaffe, of the firm of Jae Brothers, Belfast
and Dundee, has joined the board of directors of
"50nelli's Electric Telegraph Company. The Bonelli
company's shares closed to-day at 11 prem.
Toe object of the " Telegraphic Construction
and Mainten wee Company" is to unite the business
of the Gutta Percha Company with the eatablish-
:tient of Met ssrs. Glass, Elliot, and Co., and to make
nd maintain telegraphic lines of communication,
X l'ibnlarine and land, in. every part of the world.
et it 3 assert ained that the manufacture of cables
111. be mama beneficially carried on in one esta-
blishmento than in two ; hence Messrs. Glass,
Allot' and Co. have purchased the plant, good-
-1„111' and works of the Gutta Percha Company,
cad transferred them at cost price to this corn-
ogny endnd this company acquires the whole
rai both concerns for £lOO,OOO in fully
them UP shares. It thus comes into possession of
44 ftitalgamated business, and is entitled to profits
41,17°111 the Ist January last. There are also trans-
he the leases of eastern submarine telegraphs
held
°Y the firm. From the large profits hitherto
ajou realised, and the prospect of a considerable exten-
effect° bubiaess, a very remunerative return is
bet ed °h the capital. This is fixed at £1,000,000,
the issue is (If 42 first issue is to be £750,000, in 37,500
is a 0 each. The brokers are Messrs. Seymour
stn
d°' 411 d Messrs. Cazenove and Co. We under-
ftle:l4cl that the capital stock of this company has
ti 04,3: been subscribed for, and that the applies-
'Lit will close on Monday next.

Two O'CLOCK.
t,i'mkt Paris this day, according to Mr. Reuter's
41.1113 e thc Three per Cent. Rentes were 66f. 05c.
v.ther firm.
for eature of interest is perceptible in the market
foth,ho English Funds, which continues quiet at
r 40:" quotations, and Consols are again 912. for
otht, 31., end DU, 92 for the May account. Even the
ap 40Partments of the Stock Exchange recently
ba begins to exhibit symptoms of lees firm-