The Sun.
London, England, 1864-05-24 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.

The commercial community are now anxiously
hoping for another reduction on Thursday next in
the Bank of England minimum, and, as a matter
of course, there is very little business transacted in
the interim. The public are holding over their bills
in anticipation of the event, and the rates now
current are from 7 per cent. upwards. Capital is
abundant, gold has continued to flow into the Bank
of England, and as competition among the bill
brokers during the past fortnight has been excited,
the authorities cannot have had many applicants
for discount. Under all the circumstances, there-
fore, there seems great probability that the expected
alteration will be realised.
A further sum of £llO,OOO in bar gold was taken
into the Bank yesterday.
The 27th inst. has been appointed by the com-
mittee of the Stcck Exchange for a special settle-
ment in the English scrip of the Mexican Loan,
which is to be included in the official list.

A call of £2 per share, payable on or before the
13th proximo, has been announced by the directors
of the Financial Corporation.
The letters of allotment of the Tavistock Iron
"Works and Steel Ordnance Con►pany (Limited), are
now ready.

The shareholders of the Bank of London held a
special meeting to-day, when the resolutions passed
on the 9th instant fur increasing the Capital were
duly Confirmed.

During the last few days a moderate amount of
business has been transacted in the Foreign and
Colonial Produce Markets. Sugars have been in
fair request at full rates, while the dealings in coffee
have been to an average extent without material
Change as regards values. For rice, fruit, and spices
quotations have remained unchanged, and business
in the tallow market has been dull, but at steady
_prices.

The annual meeting of the National Bank was
.held today.—Mr J. N. M'Kenna in the chair. The
'report, which was unanimously adopted, stated that
since the accounts were made up a dividend at the rate
of £8 per cent. per annum, and an extra dividend of
168. per share, was paid in Feb. last; the amount
of undivided profits after these payments stood at
£129,174, Ns. 10d., as compared with £103729
3s. 10d. of the previous year. The directors had
increased the capital from £1,000,000 to £2,000,000
by the issue of 20,000 new shares, at a premium of
.125 per share to the old shareholders, and £3O par
:share to the general public.

The General Contract Company is a new under-
taking just formed for constructing, maintaining,
and working of railways, manufacturing railway
plant and rolling stock for sale or hire, reclaiming
lands, building reservoirs, roads, bridges, docks,
harbours, piers, breakwaters, &e., &c. The direc-
tors have secured the business of the eminent con-
tractor, Mr. Rowland Brotherhood, who has agreed
to transfer the whole of his business to the com-
pany upon terms which may be considered as
favourable. The works, which are situated at the
Great Western Railway station at Chippenham,
together with the plant and existing contracts, are
to be taken at a valuation, and one-third of the
amount ie to be paid in shares. The capital re-
quired is £1,000,000, but only half that amount is
to be called up in the first instance.

The English, S medish, and Continental Financial
Company (Limited) require a capital of one million,
in 20,000 £5O shares, proposing a first issue of
10,000 shares, 2,500 of which are reserved for
Sweden. No call is to exceed £5. Three months
to elapse between each call, and it is not intended to
call up more than £l5 per share. The directors,
whose names will be found in another column, are
gentlemen of high standing in the commercial
world, set forth the objects of the association as in-
tended to promote the development of the resources
of Sweden and Norway, and by thus applying the
subscribed capital they are of opinion that a large
field will be opened up for safe and profitable in.
vestment. In Norway and Sweden no such insti-
tution exists, consequently the vast forests, the in-
exhaustible mineral deposits, the agriculture, the
rising commerce of the country demend the finan-
cial aid which this company proposes to give.
After a close investigation, and looking at the
marked success of the Enskilda Bank and similar
institutions, the directors are confident of a satin-
factory pecuniary result from the operations of the

company, which eventuality has been borne testi-
mony to by a distinguished official of the country.

Two o'CLocK.

At Paris this morning, according to Reuter's
telegram, the Three per Cent. Rentes were 66f. 75c.
Firm.

A few dealings in the English stocks this morn-
ing have occasioned an improvement of in the
Funds compared with yt sterday. The continued
favourable prospect of monetary affairs has also im-
parted a firmer tone, and Consols are 91 11- for
money, and 901 less the dividend, for the account.
The New Threes end Reduced Annuities are 891- ;
Exchequer Bills, 13s dis. ; India 5 per Cents., 105 Z
Debentures, 98,1 ; Enfaced do., 104 ; and the Bonds,
21's dis.

There has been a general improvement in the
Foreign Market, and business is moderately active,
Turkish 6 per Cents., 1862, are 701 711 ; do., Con-
soae3, 48 1 ; Mexican, 441,- 4_sk; do, New Loan,
to prem.; Greek, 231 -Z-; Spanish Passive, 34i .1;
Portuguese, 48 ; Russian Scrip, 34-- f, prem. ;
Swedish do., 1 to 2 pram ; and the Confederate
Loan, 63 67. _

Business in the Railway Share Market has con•
tinned very quiet, and there is little change of
importance to report as regards values.

Bank and Miscellaneous Shares also remain ex•
ceedingly inactive, but generally support previous

prices,

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Ditto Account, May 8
per Cent. Reduced
New 3 per Cent
New 21 per Cent. Jan. 1894...
Ditto 5 per Cent., Jan. 1673
A :amities, 30 yrs, expire sth J an., 1880 —
Ditto for 30 yrs, expire sth April, 1885.
Ditto (Red Sea Telegraph), Aug. 1908.
March. June.
Exchequer Bills, £l,OOO, 2 & 3 per Cent. 13 dis
Ditto £5OO ..
Ditto £lOO and £200
sank England Stk, 51 per Ct.
Ditto Account..
INDI A.N GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874 217
Ditto 5 per Cent. July, 1870
Ditto Account....
Ditto 4 per Cent., Oct, 1888
Do Certificates
Ditto Enfaced Paper, 4 per Cent . . 931
Ditto 5 per Cent., Jan. 1872 .. 104
Ditto 51 per Cent., May, 1879 ..
Ditto Debentures, 4 per Ct., April 1861
Ditto ditto Aug. 1866 981

D:tt Bonds £l,OOO 24dis
Ditto under £l,OOO
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent

Ditto

1859 -

Brazilian 5 per Cent
Ditto 41 per Cent., 1852-58-60
Ditto 1863
Buenos Ayres 6 per Cent —
Ditto Account —
Milian 6 per Cent. —
Ditto 41 pet Cent.
Colombian 6 per Gent —
Cuba, 6 per Cent.
Danish 3 per Cent., 1825
Ditto 5 per Cent. 1864
Ditto Scrip £5O paid
Equador New Consolidated, 1 per Cent..
Egyptian 7 per Cent —
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons 231
Ditto Account . 231 i
Ditto Coupons
Ditto Account loa
Guatemala 5 per Cent.
Ditto, 1839 and 1859
Eta Han 5 per Cent.(Maremmana Railway)
W:tlcan 3 per Cent
Ditto Account....
M.oorish Imperial 5 per Cent
New Granada
Ditto 2 per Cent.
Ditto Deferred

Ditto Land Warrants (Hectares) —
Peruvian 41 per Cent ..
Ditto Account , —
nitto 3 per Cent. (Uribarren)
Ditto 4i per Cent., 1862
Ditto Account
Portuguese 3 per Cent., 1853
Ditto Account ..
Ditto 3 per Cent., 1856, '7, '9, '6O, 62,'3
Ditto Account ..... ... 481
Russian 5 per Cent., 1822, £ St —
Ditto 41 per Cent., 1850 —
Ditto 3 per Cent 1859 ..
Ditto 5 per Cent, 1862 ..
Ditto 1864 Scrip, £lO paid
Ditto Anglo-Dutch
Sardinian 5 per Cent
Ditto Account ...
Spanish 3 per Cent
Ditto Account
Ditto New Deferred

Ditto Account
Ditto Passive
Ditto Account
Spsnish Cert. of Coup not funded —
Ditto Account —
Swedish, 4 per Cent
Ditto Scrip, £2O paid.... — pm
turkish 6 per Cent. 1854 ..
Ditto Account —
Ditto 6 per Cent. 1858
Ditto Account 6Bl 9 8k
Ditto, £lOO Bonds 73k
Ditto 6 per Cent. 1862
Ditto Account
Ditto £lOO Bonds 7lk 704
Ditto 1863
Ditto Guaranteed, 4 per Cent.....
Venezuela 3 per Cent.
Ditto Account —
Ditto 6 per Cent., 1362
Ditto Account s6a I
Ditto 6 per Cent, 1864
Ditto 11 per Cent
Dividends on the above payable in Lond .n.
Austrian, 5 per Cent,. Ex. 10 Florins. --
Belgian 41i per Cent.,Ex, 25f.. .
Dutch 2i per Cent., fat. 12 Gull 64
Ditto 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 25 francs —

THREE O'CLOCK.
Consols Money
Ditto Account . 90a ±a d