The Sun.
London, England, 1864-04-22 00:00:00

ITONIY MARKET

AND

COMMIIiCIAL INTELLIGENCE

, .
There is a rarier IessCITY favourableTWELVE
feeling in()CLOCK
the
discount market this morning, consequent upon the
adverse movement exhibited in the Bank return,
41147 to 71 are the quotations for first.class bills
having only a short period to run.
The Bank of England .return for the week to
Wednesday last presents some very unfavourable
features. The bullion and reserve of notes are both
smaller, and the other securities have experienced
a further increase, notwithstanding the large sums
paid to the authorities by parties who were com-
PePed to borrow during the period of the "shutting
of the transfer books." The following are the par-
ticulars

Active Circulation • • • •
Decrease .
Bullion .. .. • • •I Decrease ..
Rest
.• •• ••
Increase • • • • •
Public Deposits .. . •
Decrease .. • • • • Other Deposits.. • • • •
Increase .. • •
Seven Day and other Bills ..
Increase .. • • • •
Government Securities • •

.. £21,141,675
.. 114,545
.. 12,743,302
.. 337,098
.. 3,195,300
• • 31,143
• 5,787,329
142,953
.. 13,684,069
•• 98,040
.. 3)1,108
• • 1,731
• 11,022,267
No alteration.
Other Securities .. 4476,912
Increase 210,874
Notes Unemployed 5,564,845
Decrease .. " 205,850
The committee of the Stock Exchange have fixed
Monday next for a special settlement in the shares
of the Thames Iron, &c.,Company, dealings in which
are to be recorded in the twice-a• week list.
It has been announced that Mr. Thomas Barker,
of Lloyds, has been appointed underwriter for the
National Provincial Marine Insurance Company.
Business in the Foreign an Colonial Produce
Markets (luting the last tew days hes been rether
More active. The public sales of Indian teas have
gone off with more animation, and prices have
Slightly improved. Sugars have been in steady
demand, at an advance of 6•1 to is per cwt., but
coffee his remained inactive, and declined about is
per cwt. In rice, fruit, cocoa, and spices, the opera-
tions have been moderately acti m, at about previous
rates, but increased depression has prevailed in the
tallow market, and prices have shown a further
decline.

The directors of the Agra and United Service
Bank, have convened a meeting of shareholders, to
obtain the sanction of the latter to the purchase of
the business and premises of Messrs. Masterman,
Peters, Mildred, and Co., and to the proposed
Change in the name of the undertaking to The
Agra and Idastertnan's Bank (Limited)." Power will
also be obtained for increasing its capital to
£3,000,000, by the issue of 20,000 new shares of .£5O
each ; it is arranged that 10,000 of these shares shall
be offered to the proprietors of the original stock in
the proportion of one new for every two of the old
Shares held on the 15th May next at a premium of
430, to be paid together with £25 within six
Months. The remaining shares are to be dealt
With as the directors may deem most desirable.
Application is to be made to Parliament to enable
the Board to divide the original £lOO shares into
others of smaller nominal amount.

An important undertaking, brought forward to-
os3, for a capital of £1,000,000, is the British and
south American Steam Navigation Company, which
1.8 to establish a line of steam communication
between England, Brazil, the River Plate, and
the West Coast of South America, via the Straits of
Magellan. Operations are to be commenced with
131 X screw steamships of 2,200 tons and 300-horse
power each, leaving Liverpool and Falmouth every
month, calling at Bahia, Rio Janeiro, and Monte
Video, and thence proceeding via the Straits of
Magellan to Valparaiso and Lima. It is stated
that the Chilian Government has long desired suoh
a line, and some years ago offered a subsidy for the
purpose, and strong hopes are now entertained that
some liberal concessions will be obtained from the
'Chilian, Peruvian, Argentine, and Brazilian Ga-
vernmente. The services of a firm well acquainted
with the trade and the management of screw
steamers have been secured on advantageous terms.
Details are given in the prospectus of the trade be-
tween this country and South America, ail tending
to show the large and profitable field existing for
the operations of the company.
The increase in the importation of foreign cattle
into this country, end the very scandalous way rt,
-which this importation has been accomplished,
added to the disastrous results that have occurred,
viz., the deterioration of stock, as well as the im-
Vortation and propagation of disease into our own
cattle, has at length arous,esl from the old systems a
few of tho,e most directly interested, in a pecuniary
'sense, and, to a certain extent, the public mind, to
the importance of devising, and at once, Efficient
remedies for this long existing evil. At a meeting
held the other day a number of importers and
dealers met to commemorate the opening of a new
and more speedy route from Holland via Thames
IL/en, and under more humane arrangements, and
after the statement of one of the splatters, we can•
not but conclude that this event comes somewhat
tardily. Mr. Giblett, in proposing the health pit
the importers of cattle, pointed out that tae ques-
tion cf cattle supply from abroad was becoming
ttnere and more important every day. Already
'there
had been imported this year 109,000 head of
cattle, 448,000 sheep, and calves and pigs in pro-
Portion, and he believed that if facilities were not
iren to the import trade, the effect would be an
loereese of something like 4d. per lb. on the price
tIC Meat. It was, therefore, their interest to use
`every means for the conveyance of cattle brought to
°lir shores to the London market as speedily as
Possible. Since the above meeting was held a new
e°lllPany has been started to carry still further, and
"11 a much more extensive scale, the importation of
aoreign cattle, not only from Holland, but from the
!bole of Southern Europe; and considering that
1,800 head of cattle are daily imported into London
from the Continent, there is ample scope for the
operations of such a company. It is pleasing to
4d that this company propose to give a special
attention to the sanitary arrangements of their
'Means of transport, and to provide at all ports suit-
''ble conveniences for the care and rest of the stock
en route to the markets, in fact, to carry out the
spirit of the new Act now passing through Parliae
baent. In reference to the pecuniary prospects of the
European Cattle Importing Company, from calcu
latione which have been made by experienced men,
a profit of some 25 per cent. will, they expect, be
the -result of the trading of this particular company.

Two O'CLOCK.

At Paris this morning, according to Reuter's
telegrams, the Three per Cent. Rentes were 67f. Nei
In demand.
There is a continuance of dulness in the market
t?! Public Securities, unit the quotatione are nn-
„"tered. Consuls for transfor are 912 1, and for the
scount 916 The New Threes and the Reduced
A 2.)lhuities are 891 ; Exchequer Bills are marked
dis-; India 5 per Cents, 104 ; Enfaced 51 per
1121; andlthe Debentures, 1866, 991. Bank
S=ock im 238 240; and India do., 218.
t 11l the Foreign Market there is a decidedly
7;11-11er tone, and business is rather more (+cave.
ota:kish 6 per Cents., 1862, are 711 ; do., Censolides,
:gd ; Mexican, 45/ 461; do., New Loan, par 1
at'al• ; Greek, 24/ 25k ; Spanish Passive,
a
.1) ; and the Confederate Loan, 541 551.
"lings have also taken place as follows
2t11114 41 per Cents., 1852-60, 901 ; do,, 1865, 871 ;
iPPtian, Mt 101 ; Portuguese 3 per Cents.,
\;.l°G 63, 48a 49 ; Russian 5 per Csnts., 1862, 871 4 ;
4,giezaelan 3 per Cents., 22! ; do., 6 per Cents.,
; and Italian, 681.
in, the Railway Share Market the dealings have
nut been very numerous. Great Eastern, Brighton,
North Eastern (Berwick), and South Eastern, how-
, er, have each improved ss. ; while Midland has
declined 108., and Metropolitan £l.
tjhe Foreign and Colonial lines exhibit little
arrge of importance.
'antr and Miicellanentis Shares also have re-
/.`14e4 very inactive. Uaion of London have im-
proved to 551; while London seri Westminster hat
°lilted to 94; iaternetieual Financial realise