The Sun.
London, England, 1864-05-12 00:00:00

NONEY REARKET

AND

COMMILCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
The terms for first-class bills in the general dis-
count market remain without alteration. The
directors of the Bank of England have also re-
frained from making any change in their minimum
quotation, and the market, although not inactive,
presents a somewhat quiet appearance. It is be-
lieved that when the forthcoming Stock Exchange
settlement shall have been completed the demand
for discount purposes will have been considerably '
lessened, and the public may look forward for some
substantial concessions at the hands of the autho.
cities.

About £106,000 in gold was taken into the Bank
yesterday.
The Agincourt, from Melbourne, has arrived with
£12,588.
The committee of the Stock Exchange have ap-
pointed Monday next for a special settlement of the
scrip of the Russian Anglo-Dutch Five per Cent.
Loan, and Wednesday for the Silvers Indiarubber
-Works and Telegraph Cable Company, both to be
officially marked.
The directors of the London and South Western
Bank (Limited) have resolved to issue rateably to
the proprietors the additional 5,000 shares, as
authorised by the articles of association, at a pre-
mium of £2 10s. per share.
The directors of the Scottish and Universal
Finance Bank have concluded arrangements with
Messrs. Hoggard and Co., bankers and bullion
merchants, of 85 and 86, Cheapside, by which the
whole of their business and connection is transferred
to the bank. One of the firm will join the board.
The success which has already followed upon the
exertions and management of the Alliance National
Land, Building, and Investment Society has led
the directors of the company, with a view to the
still farther development of the scheme, to invite
subscriptions on easy terms towards a first capital
of £lO,OOO, in £lO shares, under the limited liabi-
lity act. The gentlemen forming the direction of
the Alliance Company are most of them well
known, and are some of them eminently prac-
tical men. They seek to extend over the United
Kingdom, farther than they have done already,
branches of an association in which small sums
may be deposited on good security, and which will
at the same time produce a satisfactory rate of inte•
rest to the small capitalist so investing his savings. j
They appear to have invented, moreover, in some
sort an original plan by which the small trades-
man or artizan, by a monthly payment (as in an
ordinary building society), may accomplish this--
viz., by the issue of £25 debentures, payable 2e. 6d. monthly instalments, upon which compoundby
interest at the rate of 5 per cent. is allowed. The com-
pany also undertakes to receive deposits at 5 per cent.
It undertakes, in a word, to afford a safe and profit-
able opportunity for investment to small capitalists.
As indicative of the fair prospects before this assn.
ciation the capital stock is now said to be in such
demand as to command a small premium. While,
in evidence of the manner in which it has already
been taken up in the sister kingdom, we may call
the attention of investors to the fact that since
January 1, 1864, the sum of £16,000 sterling has
been advanced on first-class securities, and upwards
of 7,000 shares and debentures have been taken up.
Mortgages for more than £40,000 are in course of
completion, and the company now consists of
upwards of 1,500 share and debenture holders.
The IVlercantile Credit Association have notified
the terms of arrangement with the Imperial Finan-
cial Company, assented to by the resective boards,
subject to the confirmation of the
shareholders The
union is to take place on the Ist June, under the
title of the Imperial Mercantile Credit Association,
Limited, each company dividing its profits up to
that date. The capital of the
amalgamated corn.
pans to consist of 100,000 shares of £5O each ;
50,000 shares to be allotted to the shareholders of
the Mercantile Credit Association, Limited, at £1
premium, in proportion to their holdings (that is
five for every two shares) in that association, and
the remaining 50,000 shares to the shareholders of
the Imperial Financial Company, Limited, at £1
premium, in addition to the £5 already paid, in
Proportion to their holdings (that is share for share)
in that company. In the issue of 50,000 shares to
the shareholders of the Mercantile Credit, the £5
already paid on the 20,00 shares will be Placed
to their credit. The capital of the Imperial Mer-
cantile Credit Association, Limited, will. then stand
thus :-100,000 shares of £5O, £5 d,_posit and £1
premium, £5,000,000 capital, V:30,000 paid up,
and £lOO,OOO reserve.

The last week's rahway receipts, ascertained up
to this day, are, in round tgures, as under

Great W 1864. 1863.
North-Western estern ........................ 463 884 461,200
South-Western ......................104,258 96,085
Brighton ................... 22,775 22,619
MidlaSouth Eastern ..... 18519
nd .................... ........................ 44,, 17,934
Great Northern 439 39,920
... 31,112 .................
... 28,041
... . ................ 29,348 26,154
Lancashire and YOrkshire...o .......... 38,090 32944
BristNorth .Eastern ................ 57,888 50'881
ol and Exeter ....... . ... . ......... 6 561 6'38
North'Manchester, Sheffield, and Li ........ ....... 15,954 15,097
British ..................... ..... 12,843 12,030
Great South-Western of Ireland ..... 9,272 9,329
These returns are in most instances of a satisfac•
tory character, compared with those of the same
period of last year. On the Great Western there
is an increase of £2,684, the North Western of
£8,173, the South Western of £156, the Brighton of £385, the Midland of £4,519, the South Eastern
of £3,071, the Great Northern of £3,194, the
:Lancashire and Yorkshire of £5,140, the North
'stern of £7,032, the Manchester, Sheffield, and
Lincoln of £857, the North British of £Bl3, but on
the Grer.t Southern and le decrease of £57. Western of Ireland there

At Paris this Two O'CLOCK.
telegram, the morning, according to Renter's
•--Pirm. Three per Cent. Rentes were 66f. 75c,
-A further decline of k per cent. took place in the
k:n•glish Funds, through continued sales of stock
Pllt c
ket hased, when lower prices prevailed. The
eh
has presented a heavy appearance,
4nd. Consols are 91-k -3, for money, and
„,9°l I, less tho dividend, for the account.
' Ile vr Threes and Reduced Annuities are 88i 89 ;
the 21 per Cents., 74; Red Sea Teleph, 20! ;
graph, March Xzehequer Bills, 10s. dis. ; and Jane do.
53. la. die.; India 6 per Cents. 104 105; do. 4 per