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

MARKET

AND

C°MMEROIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
There is still a very brisk demand for money at
the 13" k of England, in the open market, and in
the Stock Exchange. Full rates are required for
accommodation, acid the immediate position of
affairs is indicative of considerable firmness.
The Bank of England return for the week to
Wtdnesday is rather unfavourable, as will be seen
by
the movements exhibited in the subjoined
-aalYsis as regards the bullion, notes in reserve,
kid other securities :
Active Circulation • •
Increase .. •
Bullion
Decrease
Rest ,
Decrease
Public Deposits
Decrease Other Deposit..
s.

.. £21,003,220
.. 693.695
.. 13,616,763
.. 6i6,756
.. 3,144,179
740,736
.. 9,818,880
.. 461,678
.. 13,318,299

689,313
525,691
26,575
11,273,056

epob.
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About 200,000 sovereigns were withdrawn from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 B ink yesterday for transmission to the Brazils,
but £12,000 in bar gold was taken into that esta-
blishment.

The Telegraph Construction and Maintenance
riuQin pang, to be amalgamated with the Gutta Percha
' °l7ll.pany and Messrs. Glass, Elliot, and Co.'s menu-
;tete ry, requires a capital of £1,000,000 (first issue
760,000), in shares of £2O each. The undertaking
is to make and maintain lines of communication,
b
.4:th Submarine and on land, in every part of the
°rld• The arrangement includes the assignment
t° the company of the lease for the submarine
t
_A, Is uph between Malta and Alexandria, and the
‘Letcandria, Cairo, and Suez Telegraph.
Subjoined is a resolution provisionally adopted
b?' the: committee of the Sock Exchange, with the
v l"' Of arresting the rash speculation going on in
the a hares of the new companies now almost daily
intro
r duced :—" The committee will appoint a set-
111' day for transactions in shares of a new com-
oratl:7 if no allegation of fraud or misrepresentation
au fl'aud has been submitted to them, and provided
autoient scrip or shares be ready for delivery; but
c,,b Bet dement shall be special and shall not apply
to
'ltrgains made previously to delivery of
e;llallot-
letters ; no difference arising out of such bar-
;1;4:111 ahatl under any circumstances be allowed as
arna against a defaulter's estate."
di,'"bv) operations in the Foreign and Colonial Pro-
duce Markets during the last day or two have been
t 0
a°
fnit;° average extent as regards tea, which realised
t'" 'ates at public sales. Sugar, however, owing
e uncertainty felt with regard to the alteration
ie duties, has been neglected, although holders
iq~tdemanded slightly enhanced prices for West
inferior
In coffee the operations have been moderate,
qualities of colonial having given way
about: ls. to 2s. per cwt. Cocoa, rice, fruit, and
attpetre, have continued in fair request without
131terial change, while tallow has been rather in-
ao five the dealings for both present and forward
delivery resulting in a slight decline.
We are requested to state that, in consequence
• a denture at the Royal Institution this evening,
t'k• the Bonelli Telegraph, the instruments cannot
si:en after to-day at No. 7, Angel-court ; also that
.43.4,. D. J. Jaffe, of the firm of Jaffe Brothers, Belfast
d Dundee, has joined the board of directors of
B°t telli's Electric Telegraph Company. The Bonelli
Ca npany's shares closed to-day at 1/ prem.
1: the object of the " Telegraphic Construction
Olattl Maintenance Company" is to unite the business
the Gutta Percha Company with the establish-
-Bent of Messrs. Glass, Elliot, and Co., and to make
441 maintain telegraphic lines of communication,
i`bullrine and land, in every part of the world.
t
is ascertained that the manufacture of cobles
boo be more beneficially carried on in one esta-
-Ilshalent than in two; hence Messrs. Glass, i
1"1 and Co. have purchased the plant, good-
it,:• Ira
3 and works of the Gutta Percha Company,
;transferred them at cost price to this co-
a."
tq ; and this company acquires the whole
• both concerns for £lOO,OOO in fully
1,11.34 up shares. It thus comes into possession of
"amalgamated business, and is entitled to profits
t4rfr°lll the let January last. There are also trans-
hel'ed the leases of eastern submarine telegraphs
r bY the firm, From the large profits hitherto
and the prospect of a considerable exten-
ttft,et°' business, a very remunerative return is
ed on the capital. This is fixed at £1,00D,000,
°at the first issue i
420 is to be £750,000, in 37,500
gtia c each. The brokers are Messrs. Seymour
static, °. and Messrs. Cazenove and Co. We under-
ale, that the capital stock of this company has
ttou.'Y been subscribed for,
nextand that the applica-
lit't will close on Monda y.

Two o'CLocK.
tg.i4.t, Paris this day, according to Mr. Neuter's
'ranl, the Three per Cent. Rentes were 60f. 05c.
Ither firm.
\i
for esfeature of interest is perceptible in the market.
forr„ne English Funds, which continues quiet at
trio quotations, quotations, and Consols are again 91Z 1, for
otht1:3:: and 911 j, 92 for the May necount. Even thf
Ittg ueintrtuatints ot the Stock E'.change Tee:lll3
111Y4 t begins to exhibit symptoms of less firm-