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

ONEY MARKET

AND

COMAZUCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
There is still a very brisk demand for money at
the 13ink of England, in the open market, and in
the Stock Exchange. Full rates are required for
aec°l3lmodation, and the, immediate position of
aff4irti is indicative of considerable firmness.
The Bank of England return for the week to
w -dnesday is rather unfavourable, as will be bean
153" the movements exhibited in the subjoined
.
"nalYsis as regards the bullion, notes iu reserve,
and other securities :

Active Circulation .. £21,003,220
Increase .. • • • 593.695
13,616,763
Decrease .. • • 516,756
Rest 3,144,179
41,10
Decrease .. • • • • • 740,736
Public Deposits 9,818,880
Decrease .. .• 461,578
Other Deposits.. .. • • • • 13,348,299
Increase .. .. • • 689,313
Seven Day and other Bills .. • • 525,694
Increase .. • • • • 26,575
Government Securities 11 973,056
Decrease .. 58
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About 200,000 sovereigns were withdrawn from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 Bank yesterday for transmission to the Brazils,
but /12,000 in bar gold was taken into that esta-
blishment.
The Telegraph Construction and Maintenance
Company, to be amalgamated with the Gutta Percha
Company and Messrs. Glass, Elliot, and Co.'s manu-
factory, requires a capital of /1,000,000 (first issue
750,000), in shares of /20 each. The undertaking
is to make and maintain lines of communication,
both submarine and on land, in every part of the
World. The arrangement includes the assignment
rthe company of the lease for the submarine
telegraph between Malta and Alexandria, and the
4 lezandria, Cairo, and Suez Telegraph.
Subjoined is a resolution provisionally adopted
73
the committee of the Stock Exchange, with the
'View of arresting the rash speculation going on in
the shares of the new companies now almost daily
; jratrod._
uced:—" The committee will appoint a set-
tling day for transactions in shares of a new com-
pany if no allegation of fraud or misrepresentation
fraud has been submitted to them, and provided
sufficient scrip or shares be ready for delivery; but
such
to settlement shall be special and shall not apply
ba:),,4:galo's made previously to delivery of allot-
.". letters ; no difference arising out of such bar-
etaal.tlB shall under any circumstances be allowed as
ThellllB against a defaulter's estate."
d operations in the Foreign and Colonial Pro-
n°B Markets during the last day or two have been
an average extent as regards tea, which realised
tol tkl.." ates at public sales. Sugar, however, owing
uncertainty felt with regard to the alteration
the duties, has been neglected, although holders
/;! demanded slightly enhanced prices for West
jr,tra• In coffee the operations have been moderate,
ab eti°r qualities of colonial having given way
tia°at ls• to 2s. per ewt. Cocoa, rice, fruit, and
i tPetre have continued in fair request without
material change, while tallow has been rather in.
4e., !ve, the cealings for both present and forward
delivery resulting in a slight decline.
to We are requested to state that, in consequence
a lecture at the Royal Institution this evening,
'44 the Bonelli Telegraph, the instruments cannot
1.4 seen after to-day at No. 7, Angel-court ; also that
4. D, J. Jaffe, of the firm of Jafie Brothers, Belfast
tltl Dundee, has joined the board of directors of
GCoelli's Electric Telegraph Company. The Bonelli
'mpany's shares closed to-day at 16 prem.
The object of the " Telegraphic Construction
ot tcl Maintenance Company" is to unite the business
the Gutta Percha Company with the establish.
tiTt of Messrs. Glass, Elliot, and Co., and to make
tinh maintain telegraphic lines of communication,
t ll:urine and land, in every part of the world.
i
eQ ascertained that the manufacture of cables
bii4.kb more beneficially carried on in one este-
-I)3ent than in two ; hence Messrs. Glass,
Elliot`4l and Co. have purchased the plant, good-
alld and works of the Gutta Percha Company,
Deal transferred them at cost price to this com-
er 3' and this company acquires the whole
bothtai concerns for £lOO,OOO in fully
il the 13 shares. It thus comes into possession of
hatilel'4amated business, and is entitled to profits
re r °4l %he Ist January last. There ara also trans-
)ll)ll:rb the leases of eastern submarine telegraphs
teali •Y the firm. From the large profits hitherto
sea _
and the prospect of a considerable exten-
etteet°' business, a very remunerative return is
but tiled_ °n the capital. This is fixed at £ll,ooC',ooo,op
.t 2. first issue is to be £750,000, in 37,500
tlad, (
0
ead each- The brokers are Messrs. Seymour
star, °' and Messrs. Cazenove and Co. We under-
41 that the capital stock of this company has
t Y
eela subscribed for, and that the applies-
"lt will close on Monday nest.

Two O'CLOCK.
Ot Paris this day, according to Mr. Reuter's
"her
411"11, the Three per Cent. Denies
were 69f. 06e.
f
tOt the attire of interest is perceptible in the market
forite a English Funds, which continues quiet at
111,4 rquotations, and Consols are again 918 for
°11). a"rtm 91z 92 for the Ally account. Eventh e
bu. "'l3%ents of the B:ocic Exchange recently
°Yetut begins 0 exaibit symptoms of leas firm-