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

140NEY MARKET

AND
OODINEIWIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
el‘Tetviithstanding the slightly easier appearance
u- the Money Market within the last few days, the
4":6413' court of the Bank of England directors is
41ted with some interest. No difficulty, how.
et' has been experienced during the morning in
ettiEtting bills at the current quotations.
er; ..3
Magdalena has arrived from the Breeils
h 46 Mexican dollars by the West India packet
ocge been sold at ss. 31 per ounce, showing a fall
,t4l. from the previous price.
arihe,, Prospectus of the Peninsular, West Indian,
eof ''°athern Bank will be found in another
.t2ilelti of The Sun. The capital is set down at
eptigi;oo, in 20,000 £lOO shares, payable on
e-on‘elti°4 and £4 on allotment. Power is, of
44) .
taken to increase the capital, and a very
it 4ratir yang commencement has already been made,
Ifo
r Over 10,000 shares have been subscribed
of tb" the very outset, " placing " one-half
liaentire capital. The principal of limited
in b,'"tY in banking has been successfully supplied
04-4eY directions, but the trade between this
mods
; and the West Indies still requires accom-
k4tat4", Whilst the enormous trade of the Southern
the :Eir ja entirely without provision. The object.
lehir bt-c're) of thecompany is to take up that ground
pied% mot
unaccountably has remained unoccu-
ithilitvlitil the present time, and from the known.
to tujn "`the directors the proposition is certain
merit of 4 highly lucrative and profitable employ-
ee
very 1:-;,;com atlPital. The prospectus, which contains a
thn Programme of the intended operations of
teute'e:P.LailYl is well worthy the most careful at-
-1)461 °Y everyone seeking an opportunity of
cen„Alag their capital out to the best advantage, be.
a°ener or later the war in America must ter-
ezttiMe' and, then, immediate steps will be taken to
illieed the bank (with its established machinery)
tin-h° the Southern States, where, with the connec.
44-48 already formed, by its operations in the
atitt°lllQing is'ands, it is but fair to pre.
1:11„;), it would become the bank of the
and when it is remembered that the
ail3tlthorn States of America, in one article of export
oe, gave employment to one-third of the mann-
teettlring population of England, it is impossible
b Overstate the prospects of a bank commencing
• 4
tininess there with the advantages of a large capital
4,11 d an established connection. The operations of
the bank are to be limited by the articles of the
association to a legitimate financial business, and
,from the position and influence of the gentlemen
fc3rlning the direction the MUSS of the under-
ilting is rendered certain.
klinder the auspices of the Credit Mobilier, the
;441 Investment Company has been brought for.
1.1,44. The objects ere the lending and investment
ve the colony of Natal and the adjacent British
d sessions, of money obtained upon debentures or
141,?tPits; the acquisition, development, and resale of
Ai d ; the affording assistance to owners, and (ma-
t il13 ; the promotion of public works; conducting
butTeial operations ; the transaction of all kinds of
Zees 1:4, and the management of estates for absen.
and t-},lld °there. The growing prosperity of the colony
tO inereaeing value of lend testify sufficiently
col:0140 field presented for the operations of the
este4itlY, and the large dividends obtained by similar
of thtlhrnents demonstrate the profitable character
eepit business it is proposed to transact. The
ia naf al required is £500,000, the first issue consist-
sTi;` ualf the amount in shares of £5O each.
to th!: last week's rahway receipts, ascertained up
3 daY, are, in round figures, as under :
"Gee„
1864, 1863.
,„(,erth. ;stern
esteni ................ £72,153 £67,297
118,071 108,561
, ......
...............
South . • • • • Eastern' •
‘.1.4„at...........
rthert,
Adriat,-;j443 and York e 38,032 33,340
_Norc47-gild Exeter 8 r 43,473 38,090
8,088 7,968
IIRn~ asternrem
North... ...................
134;it.' . and
isa
somatlebe returns, when compared with those of the
hi Per.od of last year, are in most instances of a
the 41Y-satisfactory character.
the sou On the Great Western
er"se i 8 £4,856, the North Western, £9,510;
the th Western, £1,120; the Midland, £3,680;
44,6e:auth Eastern, £9B; the Great Northern,
"i the Lancashire and Yorkshire, £5,383;

the Bristol and Exeter, £120; the North Eastern,
£6,339; the Great Eastern, £2,008 ; the Manches-
ter, Sheffield, and Lincoln, £2,052 ; and the North
British, £BB2. The Brighton, however, shows a
decrease of £5OO.

The biddings for 30,00,000 rupees (£30,000) in
bills on India took place yesterday at the Bank of
England. The proportions allotted were—To Cal-
cutta, 17,74,000 rupees; to Bombay, 12,00,000
rupees ; and to Madras, 26,000 rupees. The mini-
mum price was, as before, is Hid per rupee on
Calcutta and Madras, and is lltd on Bombay. The
applications within the limits amounted to 238 lace.
Tenders on Calcutta and Madras at is 11Id will
receive about 23 per cent., on Bombay, at 2s 014,
about 85 per cent. These were the highest prices
tendered.

Two O'CLOCK.
At Paris this day, according to Mr. Neuter's
telegram, the French 3 per Cents. were 66t, 30e.
The directors of the Bank of England have
advance,l thcir minimum rate of discount from 7 to
8 per cent. This measure was not anticipated, and
it has consequently produced some commotion in
monetary and co umercial circles. Discounters are
asking 81 to 81 per cent. for the negotiation of
superior three months bills, and the consequence is
that the majority proceed to the Bank of England,
although for the moment there is comparatively
little demand.

The joint stock banks and discount houses have
increased their allowance of interest on deposit so-
conlits as follows :—For 7 days' notice of with-
drawal, from 51 to 6 per cent., and for 14 days,
from 6 to 7 per cent.; at call, however, it remains
at 5 per cent.

The Eoglish Stock Market has suffered through
the rise in the rate of discount. Sales have been
pressed, and as much as a decline of 4 per cent. has
occurred, Consols for money and account being 89k
to Hi. The New Threes and Reduced Annuities
are 882, Exchequer Bills 20s to :3s dis, India Five
per Cents. 1041.1, and the Debentures 97k.

A general decline has also occurred in the value
of Foreign Securities. Turkish 6 per Cents., 1862,
are 691 701 ; do. Consolides, 50—, ; Mexican, 29 ;
do. New, 261 ; Spanish Passive, 291 ; Greek
23k 241; Portuguese, 47; 48k; Venezuelan Scrip,
9 die.; and the Confederate Loan, 75 76.

In the Railway Share Market a heavy tone has
been produced by the advance in the value of
money. Caledonian has declined 11; Great
Eastern, 15:.+.; Great Western, North Western, and
Midland, 10s. ; and North (Eastern (Berwick) ss. ;
while Metropolitan have improved 11.
The Foreign and Colonial lines have re-
mained inactive without material change in values.
Bank and Miscellaneous Shares continue dull.
Lotidon and County, however, have improved to
783- ; Oriental Bank to 59 60 ; Alliance have
declined to 66; and Crystal Palace stock has
advanced to 33k.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do Account, Aug. 9
3 per Cent. Reduced B9k 81 a
New 3 per Cent B9 8i 9k 8! A }
March. June.
Exchequer Billet £l,OOO, 3 Sc 31 per Cent. 20 1,20 dis
Do £5OO
Do £lOO and £2OO
Bank England Stk, 5} per Ct.
Do Account..
INDI&N GOVERNMENT SECURITIES.
India Stock, 101 per Cent., April 1874 —
Do Account
Do 5 per Cent. July, 1670

Do Account
Do 4 per Cent., Oct, 1888 —
Do Certificates
Do Enfaced Paper, 4 per Cent * •
Do 5 per Cent., Jan. 1872 —
Do 5} per Cent., May, 1879 —
Do 4 per Cent., Aug. 1866
Do bonds 13,0 W 97i
Is. Do under £l,OOO — dis

FOREIGN FUNDS—CLOSING PRICES.
A.nstrian Bonds, 5 per Cent...A
Do 1859

Brazilian 5 per Cent
Do 4/ per Cent., 1852-58-60 ......
Do 1863 .. BGt
Buenos Ayres 6 per Cent
1)o Account
Do 1 per Cent. (Deferred 3 per Cent.)..
Jhilie.n 6 per Cent. —
Do 4i pei Cent.
Colombian 6 per Ce
Cuba, 6 per Cent. ..
Do 5 per Cent. 1364
Equador New Consolidated, 1 per Cent —
Danish 3 per Cent., 1825
Egyptian 7 per Cent..
Do, Second Issue
Greelr 5 per Cent., 1824-5, ex-Coupons —
Do Account
Do Coupons —
Do Account . , —
Guatemala 5 per Cent.

Do 1839 arid 1859
Italian 5 per Cent.(Maremmana Railway)
Mexican 3 per Cent .... —
Do Account
Do 6 'per Cent, 1864 l' 261 1
Do French Scrip, Ex. 25f 20c.. — dis
Do 6 per Cent. Anglo-French
Ditto Scrip, £23 paid — dis
Moorish Imperial 5 per Cent
New Granada —
Do 2 per Cent. ..
Do Deterred
Do Land Warrants (Hectares) —
Peruvian 4/ per Cent ..
Do 3 per Cent. (Qribarren) —
Do 4/ per Cent., 1862
Do Account
Portuguese 3 per Cent., 1853
Do Account • •
Do 3 per Cent., 1856, '7, '9, 'GO, 62,'3..
Do Account
RuFsian 5 per Cent., 1822, £ St
Do 4/ per Cent., 1850 ..
Do 1860
Do 3 per Cent 1859
Do 5 per Cent, 1862
Do Anglo-Dutch ....
Do Scrip, £4O paid
Sariinian 5 per Cent .... —
Do Account —
Spanieh 3 per Cent
Do Account
Do New Deferred
Do Account
Do Passive
Do Account 3Ol 291 i
Spanish Cert. of Coup not funded .. —
Do Account lll / 1 1
Swedish, 4 per Cent —
Do Scrip, £6O paid — pm
Turkish 6 per Cent. 1854 —
Do Account
Do 6 per Cent. 1853
Do Account 72 t
Do £lOO Bonds
Do 6 per Cent. 1862
Do Account .. 70 1691 70i
Do £lOO Bonds 694 /
Do 1863
_ _

Do Guaranteed, 4 per Cent
Venezuela 3 per Cent.
Do Account ..
Do 6 per Cent., 1862
•Do Account —
Do Scrip £3O paid
Do 171 per Cent
Dutch 27i per Cent., Ex. 12 Gull —
Do 4 per Cent. Certificates
Italian, 5 per Cent., 1861, Ex. 25 francs —
Do Account ,

THREE O'CLOCK.
Consols Money
Do Account .... 89

Liverpool Cotton Market—This Day,

Market very fiat. Salea about 4,000 bales.

SHIPPING-THIS DAY,

LONDON, Aug. 4.—Wind this day at noon—South-
Westerly; moderate breeze and flue weather, but rather
cloudy.

PLYMOUTH, Aug, 3.—Wind S.W.—Arrived--Albert
Victor, from London for Calcutta—lona, from Shields for
Halifax, N.S.

CARDIrr, Aug. 2.—Wind N.W.—Arrived—Justyn,
from Quebec.

QUEENSTOWN, Aug. 3.—Wind S.W.—Arrived—Etna,
screw steamer, from New York, and proceeded at 12 p.m.
for Liverpool.

SHIELDS, Aug. W.S.W,—Arrived—Express,
from St. Mary's.

(BY ELECTRIC TELEGRAPH.)
SOUTHAMPTON', Thursday Morning.
Arrived—Agnes, from Hamburg—Alliance steamer, from
from Mostaganeina—Magdalena steamer,
atnuiroe.
firloana vre
R-2:1)

(Er MAGNETIC TELEGRAPH
)
GRAVESEND, Thursday Morning;
Arrived, Aug. 3—Eureka, from Riga—Patriot, from
Alexandria—Coronet, from Quebec—Marlet and Sunflower,
from Cronstadt—Scandia, horn Gcfle—lrene, from Soder-
ham— Ennerdale, from Mauritius.. Ladegard, irom
Menial—Acacia, from Colombo—Mariner, from Quebec
Eliza, from Lyskell—Browns, from Gothenburg—Ring-
dove, from Cappelshaum.
Arrived, August 4 Kate, from Nassau—Earl of Auck-
land, from Rotterdam—Baron Osy, from Antwerp—Con-
cordia, from Boulogne—Neptune, from Havre.
Sailed, August 4—Tartar, for Lisbon.
DEAL, Thursday Morning.
Passed—H.M.S. Fox, from Woolwioh—Tartar, from
London—both for the West.