The Sun.
London, England, 1864-03-24 00:00:00

ONEY MARKET

AND

001Y1ItUltaiAL _INTELLIGENCE.

•

CITY, TWEiTit .0;Cl40OL!
The directora'of the Bank of England have held
their usual weekly court, and have found it expe-
dient
to adhere to their present discount regula-
Coast There is still a good demand in the open
Market at 6/ per cent.
Proposals have been made by the Atlantic and
Great Western Railway for the intended issue of
second mortgage bonds, payable in London, and
amounting to 1,800,000 dols. (£405,00). secured by
lien on the income and corporate rights of the
Pennsylvanian and N:w York divisions of the rail-
/raY. On the New York section the sum required
/8
BPO,OOO dols,, or £lBO,OOO, due in 1881 ; and on
the Pennsylvania 1,000,000 dole., or £225,000, due
in 1882. The bonds tire emitted at the price of 70, in
amounts of 100 dols., at £l5 15s. ; of 500 dots„ at £7B
163.; 411 d 1,000 dole. at £157 10s., with interest from
413'11 I. The coupons represent £l4 per annum on
each bond of 1,000 dols. (1:225) or nearly 9 per cent.
on price of issue. They are redeemable in New York
Or in London, at 4s. 6d. per dollar. Four per cent.
of the gross amount will be drawn yearly in July,
catnniencing in 1865, to be paid off at par in
London. Coupons are attached to the bonds pay-
able semi-annually in London, at the fixed rate
of 4s. to the dollar. In order that the present
holders of the first mortgage bonds may not be pre-
judiced by this issue, it is proposed that they shall
havethe privilege of subscribing to these bonds at
the rate of one for every two now held, at a conces-
sion in prim) equal to a liberal bonus. the terms
upon which payments are to be made are as follows :
"-5 per cent. on application, being £ll 58. per
bond of LOCO dols. ; 10 per cent. on allotment,
being £22 10s. per bond ; 15 per cent. on the 2d
May, being £33 15s. per bond ; 20 per cent. on
the 16th May, being £45 per bond ; and 20 per
°eat. on the Ist June, being £45 per bond. Sub-
scribers are to have the option of paying the in.
ehltnents in advance, and will be allowed discount
at the rate of 6 per cent. per annum. The line
will comprise a length of 506 miles, of which 385
Miles, from Salamanca to Dayton, will be opened
I°' traffic on the Ist May next. The income has
already reached £3O per mile per week, and it is
calculated that within one year of the opening the
through receipts will amount to £6O per mile per
week, producing a dividend on the shares exceeding
26 per cent., after providing for all expenditure
and the interest on the whole issue of bonds, The
Prospects of the line are very favourable, as the
and Niagara Railway, which will enable the
Great Western to run a portion of its business into
and from Buffalo, is to be completed and lu opera-
tion during the coming summer. The line also
sweeps through the regions north of the Ohio river
and west of Pennsylvania into the heart of the Great
North-West, and has brahch lines to Cleveland and
Cincinnati. Branch roads are to radiate to the coal
fields of the Gunagewant valley, as well es to the oil
regions. Tbere are no coal fields in Canada West,
and the line will also supply the connecting link to
the colonists for this de-cription of fuel.
The committee of the Stock Exchange have
appointed Friday, the Ist of April, especial settling
day in the shares of the Mexican Bank, which are
to be marked on the efficiat lists.

At a meeting of the board of directors of the
Australian and Eastern Stearn Navigation Com
pant, yesterday, it was quite understood that,
'leder any circumstances with respect to the fut ure
et the company, any dissentient shareholder shrill
have the opportunity of receiving back his deposit
tiloney of L 2 per share, without any deduction.
The applications to-day for the shares of the new
undertaking of Smith, Knight, and Co. (limited),
The
exceeded the capital required by 25 per cent.
.11° share list, it is announced, will close on Mon-
rYa the 28th, for London, and on the following day
for country applications.
It has been notified that the Mercantile and Ex-
ell4ngeH auk will take possession or their new pre-
n,t—tillies in Lombard-street on Monday next, and that
Is 6 Mincing-lane office will be retained as a sub-
branch.

An announcement has been made by Mr. Reginald
-4;111114eY and Mr. Montagu Hankey that they have
llutted business in Liverpool as East India and
Rbellerti merchants, tinder the firm of Hankey
•urothers and Co.
t ri‘te last Week's railway receipts, ascertained up
° this day, are, in round figures, as under :-
1864. 1863.
ri!reat 'Western , £58,090 £55,632
orth-Westeril
.:'3l,lth-Western
,'°„rlghton
.. 15,203 14,380
.11c1154d
3il,lth 44,176 34,426
Northern 9-Eastern
reatSri 31,11,3 27,692easbire and Yorkshire 35,430 30,770
_.,t91 and Exeter
Great Eastern
51,971 47,107
Great Southern and Western Ireland 7,111 71758
4:hese returns are in most instances of a veiy
satisfactory character, and exhibit an increase on
040 Great Western of 5.,',458; the North Western,
11 £9,342; the South Western, of
£1,223; the
tiBbt°ll, of £823; the Midland, of £9,750; the
4:,a
EAstern, of £1,140; the Great Northern,, of
th 4,,
,; ; the Llncashire and Yorkshire, of £4 710 ;
s North Eastern, of £4,864;
and the Gra E.e-
Lett, of X 3,775.

Two O'CLOCK.
hkt the P.l.ris B3ursa this day, according to Mr.
411ter'S telegram, the Three per Cent. Re/nes
,t 66 „is.
Very
4wc, y no:0 vcl7neti.A at ftLxc..Lht,ge, l'4(llLhrige. 0ir.341.0fb Cre

their business es much as possiblo, so es to prevent
he keeping of accounts open during the holidays.
l'he market for the English Funds has been very
dull today, and very few dealings have been re•
corded. Consols remain at their former prices, viz ,
911 a for money, and 911 I for the account. The
Nevv Threes are 891 1; Exchequer Bills, 7s. to 2s.
is.; India 5 per Cents. WTI a ; ditto 4 per Cents.,
981 ; Rifiiced 51- per Cente., 113; and data DAen-
urea, 981 I.
In tae Foreign Market the principal feature has
been the variation in Mexinn Bonds, which, after
declining to 44 1„ have rallied to 43 a ; Greek are
avy at 22!-, 23; Sp znish Passivatremain at 351 4 ;
Portuguese er,: 461 4 ; Turkish 6 per Cents., 1862,
1; do. Consolides, 54 4; and ihe Confederate
Loan, 51 32.

In thelA-ay Share Market the dealings have
been very limited, and the few t'perations recorded
'bow little variation as regards prices. Great
Northern A Stock, Linc►shire and Yorkshire, and
North Western have advanced 1, while Bristol and
Exeter and Midland have dentined 1, and Metro-
politan 1.

The Foreign and Colonial lines eilaibit little
Animation, and prices are steady.
Joint Stock Bank and Miscellaneous shares con-
tinue in fair request, at about previous rates.
Subjoined are the current quotations of some of
'he principal new projects:—Central Argentine
Rtilway,l to 1 prem.; North Australian Company,
IEI to 1 prem.; London and Liverpool Hotel, 11
1.1 prem.; National Provincial Marine, 4 to
prem.; Imp4rial Financial, 4 to 51; prem.; Credit
Financial, 61 to 5-1- prem. ; Credit Mobilier, 41 to
5 prem. ; Thames Iron Works Company, 4 to 41
prem.; Queens Land Sheep, / to 1 prem. ; and City
Offices, 3i to 3;11

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
I per Cent. Consols
Ditto Account, April 8
3 per Cent. Reduced
New 3 per Cent
Kew 21 per Cent. Jan. 1891
A inunies, 30 yrs, expire sth Jan., 1880 —
Ditto for 30 yrs, expire sth April, 1885 —
Exchequer Bills, £l,OOO, 21 & 3 per Cent 7 die
Ditto £500
Ditto £lOO and £200
Bank England Stk, 4} per Ct., last hf.-yr Shut

INDIAN GOVERNMENT SECURITIES.
India Stock, 10/ per Cent., April 1871....
Ditto 5 per Cent. July, 1870
Ditto Account.— ........
Ditto 4 per Cent., Oct. 1888.. . 98!
Do Certificates
Ditto Enfaced Paper, 4 per Cent...... Cent......—
Ditto 5 per Cent., Jan. 1872
Dit, o 5/ per Cent., May, 1879
Ditto Debentures, 4 per Ct., April 1861
Ditto ditto Aug., 1866 98! f
atto bonds fl,OOO
Ditto under £1,000..
FOREIGN FUNDS—CLOSING PRICES,
Bontfis, 5 per Cent ' • '
-' • Ditto 1859 5. ' '
Brazilian 5 per Cent - 5
Ditto, 1839 and 1859 —
Ditto 41 per Cent., 1852-58-60
Ditto 1863
Ditto Scrip, £.5 paid
uenos Ayres 6 per Cent
',tto Account

Ditto 1 per Cent. (Deferred 3 per Cent.)
Cuba, 6 per Cent.
Colombian 6 Scrip £BO pd
riitian 6 per Cent
Ditto 41 pet Cent .
Danish 3 per Cent., 1825
Equador New Consolidated, 1 per Cent —
Egyptian 7 per Cent lOOl

Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons..
Ditto Account

Ditto Coupons —
Ditto Account
Guatemala 5 per Cent.
[taiian . per Cent.(Maremmana Railway:
Moorish Imperial 5 per Cent
Mexican 3 per Cent ....
Ditto Account 441 i t 5
New Granada ..
Ditto 2 per Cent. —
Ditto Deferred —

Ditto Land Warrants (Hectares) --
Perut,an 41 per Cent. , ..
nitto 2 per Cent.
Ditto 4f per Cent., 1862
Ditto Account •