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

MONEY MAREBT

AND

COMMIECIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
Notwithstanding the slightly easier appearance
of the Money Market within the last few days, the
Veekly court of the Bank of England directors is
awaited with some interest. No difficulty, how-
ever, has been experienced during the morning in
negotiating
With hills at the current quotations.
the Magdalena has arrived from the Brazils
The Mexican dollars by the West India packet
"ave been sold at ss. 3d. per ounce, showing a fall
of id. from the previous price.
The Prospectus of the Peninsular, West Indian,
and Southern Bank will be found in another
evannan of The Sun. The capital is set down at
42)000,000, in 20,000 £lOO shares, £1 payable on
aPPlication and £4 on allotment. Power is, of
:auto, taken to increase the capital, and a very
Qsattfying commercement has already been made,
fB,. °ver 10,000 shares have been subscribed
0-f' at the very outset, " placing " one-half
the entire capital. The principal of limited
ll
abilitY in banking has been successfully supplied
e many directions, but the trade between this
al:antr
oa y and the West Indies still requires accom-
-BC4ti°ll, 'whilst the enormous trade of the Southern
the" is entirely without provision. The object
vhe!efore, of thecompany is to take up that ground
piefalchn most unaccountably has remained unoccu-
-41,44 the present time, and from the known
to tal °f the directors the proposition is certain
meatLn:tit 4 highly lucrative and profitable employ-
r ve capital. The prospectus, which contains a
th" alield programme of the intended operations of
teeetrillP4°Y) is well
1 worthy the most careful at-
piac.4ll by everyone reeking an opportunity of
73g their capital out to the best advantage, be.
~,• se loaner or later the war in America must ter-
:4l4te, and, then, immediate steps will be taken to
rt tend the bank (with its established machinery)
111
dot° the Southern States, where, with the connec-
-48 already formed, by its operations in the
"rtoniding islands, it is but fair to pre.
rein it would become the bank of the
outh ; and when it is remembered that the
Southern Statea of America, in one article of export
!l°°; gave employment to one-third of the menu-
acturing population of England, it is impossible
to overstate the prospects of a bank commencing
business there With the advantages of a large capital
and an established connection. The operations of
the bank are to be limited by the articles of the
association to a legitimate finacial bu and
from the position and influencer of the-gentlemen
forming the direction the success of the under-
taking is rendered certain.
Under the auspices of the Credit Mobilier, the
Natal Investment Company has been brought for-
', ard. The objects are the lending and investment
la the colony of Natal and the adjacent British
Ipossessions, of money obtained upon debentures or
a Posits; the acquisition, developnaent, and resale of
t 444 ; the affording assistance to owners, and men-
er° ; the promotion of public works ; conducting
124:leial operations ; the transaction of all kinds of
tee 8:4481 and the management of estates for absen-
tl4.4,4d others. The growing prosperity of the colony
to -4v:44 increasing value of lend testify sufficiently
con,'" large field presented for the operations of the
eat:kt),tt.°Y, and the large dividends obtained by similar
of "utishments demonstrate the profitable character
the business it is proposed to transact. The
1a• t4tal required is £500,000, the first issue consist..
tof half the amount in shares of £5O each:
vh.e 'Oat week's raioray receipts, ascertained up
ala day, are, in round figures, as under :
reat
1864. 1863.
" estern .................. 272,153 £67,297
tril:weesstteernra ..................
................... 25,907 28,757
118,071 103,561
............. .............. 29,069 `6,569
71:1?uth ~4.a.S.tr.
tie ........................ 49,183 45,503
ertl ....................... 30,295 30,197
Ici,:l3,t,m"K'iorrethand •
...
........... 38,032 33,340
rti,°l..azltExeter ....................... 41,473 38,090
Qrea EastersB,oBB 7,968
t a ern ........................ 63,686 67,347
..
, and Linc01n...... 19,367 17,315
Z,ratc4hzkrteitrisliSheM;id . ............. 34,633 32,625
15, 15,
e 01f5,
toh2e9
These retu;n; ....... . ..
with Baole period of last year, are in moat instances of a
12,1gehlY satisfactory character. On the Great Western
toe increase is £1,856, the North Western, £0,510;
% South Western, £ll2O ; the Midland, £3,680;
£'l.‘,...S:uth Eastern, £93 ; the Great Northern,
"- ; the Laecaehice mad Yorkshire, 45,383; i

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
decreaEe of £5OO.

The bidding® for 30,00,000 rupees (L 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 111 d 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 111 d will
receive about 23 per cent., on Bombay, at 2s Old,
about 85 per cent. These were the highest prices
tendered.

Two o'CLocK.
At Paris this day, accgrding to Mr. Reuter's
telegram, the French 3 per Cents. were 66t, 30c.
The directors of the Bank of England have
advancea their minimum rate of discount from 7 to
8 pa. cent. This measure was not anticipated, and
it has consequently produced some commotion in
monetary and commercial circles. Discounters are
asking 81 to 8i 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 ac-
counts as follows :—For 7 days' notice of with-
drawal, from 5 to 6 per cent., and for 14 days,
from 6 to 7 per cent.; at call, however, it remains
at 5 per cent.

The English Stock Market has suffered through
the rise in the rate of discount. Sales have been
pressed, and as much as a decline of per cent. has
occurred, Consols for money and account being 891
to 891. The New Threes and Reduced Annuities
are 84, Exchequer Bills 20s to 13s dis, India Five
per Cents. 1041 1, and the Debentures 978.
A general decline has also occurred in the value
of Foreign Securities. Turkish 6 per Cents., 1862,
are 694 704 ; do. Consolides, 50 4 ; Mexican, 29 4 ;
do. New, 26; e ; Spanish Passive, 298 ; Greek
23; 248; Portuguese, 47; 488; Venezuelan Scrip,
9 dis. ; 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 £1; Great
Eastern, 155.; Great Western, North Western, and
Midland, 103. ; and North (Eastern (Berwick) 6s. ;
while Metropolitan have improved £l.
Tne Foreign and Colonial lines have re-
mained inactive without material change in values.
Bank and Miscellaneous Shares continue dull.
London and County, however, have improved to
771 78w ; Oriental Bank to 59 60 ; Alliance have
declined to 66 ; and Crystal Palace Stock has
advanced to 33k.

BRITISH FUNDS—ONE O'CLOCK.
GOVERNMENT FUNDS.
3 per Cent. Consols
Do Account, Ang. 9
3 per Cent. Reduced B9b 81
New 3 per Cent. B9 8i 9i 81
New 2i per Cent. Jan. 1891....
Do 5 per Cent., Jan. 1873
Annuities, 30 yrs, expire nth Jan., 1880 —
Do for 30 yrs, expire sth April, 1885 —
Do (Red Sea Telegraph), Aug. 1908 —
March. June.
Exchequer Bills, £l,OOO, 3 & 31 per Cent. 20 20 dis
Do £5OO
Do £lOO and £2OO .. l3
Bar.k England Stic, 5} per Ct.

Do Account..
INDIAN GOVERNMENT SECURITIES.
India Stock, 10} per Cent., April 1874.... 211
Do Account
Do 6 per Cent. July, WO

Do Account.... —
Do 4 per Cent., Oct. 1888 —
Do Certificates
Do Enfaced Paper, 4 per Cent ....
Do 5 per Cent., Jan. 1872 —
Do 5t per Cent., May, 1879 —
Do 4 per Cent., Aug. 1866 ..
Du Bonds .I,OUU 97i
~.,Do under £l,000

FOREIGN FUNDS—ONE O'CLOCK.
Austrian Bonds, 5 per Cent .
Do 1859

Brazilian 5 per Cent
Do 4i per Cent., 1852-58-6 U ..
Do 1863 —
'kenos Ayres 6 per Cent
Do Account ..
Do 1 per Cent. (Deferred 3 per Cent.)
:Milian 3 per Cent. —
Do 4} pez Cent. .. —
Colombian 6 per Ge
Cuba, 6 per Cent.
Do 5 per Cent. 1864
Equador New Consolidated, 1 per Cent —
Danish 3 per Cent., 1825
Egyptian 7 per Cent.. .. 102 1
Do, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons..
Do Account 24/ 3/
Do Coupons
Do Account . ~
Guatemala 5 per Cent. ..
Do 1839 and 1859
Italian 6 per Cent.(Maremmana Railway)
Mexican 3 per Cent
Do Account
Do 6 per Cent, 1864 i 261 1
Do French Scrip, Ex. 25f 20c — die
Do 6 per Cent. Anglo-French a!,
Ditto Scrip, £23 paid.... — dis
Moorish Imperial 6 per Cent
New Granada .. —
Do 2 per Cent.
Do Deferred
Do Land Warrants (Hectares) —
Peruvian 41 per Cent ..
Do 3 per Cent. (Uribarren)..
Do 41 per Cent., 1862
Do Account
Portuguese 3 per Cent., 1853
Do Account • •
Do 3 per Cent., 1866, '7, '9, '6O, 62,'3..
Do Account 4B/ 71
Russian 5 per Cent., 1822, £ St —
Do 41 per Cent., 1850 ..
Do 1860 --
Do 3 per Cent 1859
Do 5 per Cent, 1862
Do Anglo-Dutch
Do Scrip, £4O paid — pni
Sardinian 5 per Cent
Do Account
Spanish 3 per Cent
Do Account
Do New Deferred
Do Account —
Do Passive
Do Account
Spanish Cert. of Coup not funded —
Do Account .. 11/ I i
Swedish, 4 per Cent. —
Do Scrip, £6O paid —• pm
Turkish 6 per Cent. 1854 —
Do Account
Do 6 per Cent. 1858 . —
Do Account' 72 /
Do LIN Bonds
Do 6 per Cent. 1862
Do Account .. 704 69/
( /Do £lOO Bonds..
1863 .. 69
.
Do .
_ _

Do Guaranteed, 4 per Cent
Venezuela 3 per Cent.
Do Account
Do 6per Cent., 1862
Do Account
Do Scrip £3O paid
Do 1i per Cent
TWO O'CLOCK.
asols Money
Do Account.... B9l 1

Liverpool Cotton Market—This Day,

Market very flat. Sales about 4,000 bales.

RIMING-THIS DAY,

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

Shieldse d l b
forer t
PLiEtr
Viet'or, I;ouraTlonAduonfog. 31:—CWalciuntata—SIWona7fArormri
N.S.

CARDIFF, Aug. 2.—Wind N.W.—Arrived—Jnatyn,
from Quebec.

QuEENEITOIYI.7, Aug. 3.—Wind S.W.—Arrivedg—Etna)
screw steamer, from New York, and proceeded at 12 p.m.
for Liverpool.
SHIELDS, Aug. w.s.w,....Anived—Ezpress,
from St. Mary's.

(By EL'ECTRIC TELEGRAPH.)
SOUTHAMPTON, Thursday 11Iorning.
Arrived—Agnes, from Hamburg—Alliance steamer, from
from vre
itTo j inro.,

(BY MAGNETIC TELEGRAPIL)
Gunvzszxn, Thursday Morning.
Arrived, Aug. 3—Eureka, from Riga—Patriot, from
Abio—aurMitiaursi— ner, from Quebec—
Ladegard, from
Memel—Acacia, Alexandria—Coronet, from Quebec—Marlet and Sunflower,
from Cronstadt—Scandia, ham GE fie—lrene, from Soder-
haemm—el—EnAncearediaal?'
from
Eliza, from Lyskell—Browns, from. Gothenburg—Ring-
dove, from Cappelshaum.
froCmolom
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—ll.M.S. Fox, from W9aivicb.—Tartar, lam
London—both for the West.