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

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELTE ()Timm:
The general discount market this morning has
11?'en, slightly influenced by the increased available
resources now in the hands of bankers and brokers.
The demand for accommodation for all purposes
continues active, and there seems to be no iinmediate
prospect of its relaxation. The extra supplies of
c9ital, however, have imparted a degree of compe-
tition among the brokers, and they are consequently
Charging first class bills 51 and 6 per cent.
The Ceylon, which left to-day with the India
and China mails, conveyed £188,965 in specie.
The Parana has arrived from the Brazils with
£7,743.

The General Credit and Finance Company of
London have, as the financial agents to the Govern-
ment of Venezuela, announced a new 6 per cent.
loan for the Republic. The amount required is
4500,000, issued in bonds of £5OO, £2OO, and £lOO
each, bearing interest payable half-yearly in Lon-
don at the offices of the company, or at Cologne, by
Alessrs. Salomon, Oppenheim, jun,, and Com-
pany The price is £6O for every £lOO stock,
and the subscriptions are allowed to extend over
a period of six months, payable as follows ;—£s
on application, £lO on allotment (less £3 half-year's
interest accrued), £l5 on Ist June, £l5 on Ist
August, and £l5 on Ist September (lees half-year's
interest). On prepayments discount will be allowed
at the rate of 6 per cent. per annum, which, with
allowances, will reduce the price to about £55.
I'4 object, of the loan are to effect a settle-
ent of the financial condition of the coun-
try,
to assist in making roads and other
"tenaunications, inland and coastwise, to pay
off 801130 existing claims, and generally to develope
the agricultural resources and industry of the coun-
lry. The loan, interest, and sinking fund are secured
(1 a special hypothecation of the whole export
duties leviable at the ports of La Guayre. Puerto
Cabello, Maracaibo, and Ciudad Bolivar. Should
theproduce of these imposts not prove sufficient, a
farther special hypothecation has been obtained for
the uncharged import duties at all the ports. Lord
Itassell has consented to allow the British consuls in
Connection with the General Credit's agents to
eallect the moneys which are to be transmitted
to
London twice a month. The pride of the new
keurity is 1/ 2 prem.
It is notified that the subscription list of the
beeWl37-announced Home and Colonial Assurance
;21PanY will be closed to London applicants on
ednesday, and to those coming from the
cnantry on Thursday next. Shares have been
aPPlied for doubly in excess of the number to be
allotted. There is a rumour of a most important
amalgamation witk this company.
It is stated that the Egyptian Commercial and
T
rl/cling Company have- received advices from
andria by which it would appear that pre-
iilli"inare' arrangements have (subject to the ap-
br"al of the shareholders) been made for the
`amalgamation
of that company with the Egyptian
loigation Company, with the combined capital of
Z. Millions, as it at present stands, and on which
Z
Government, with the sanction of the Sublime
annum
has agreed to guarantee 7 per cent. per
11111132 for 90 years, and to accord to the amalga-
th4tecl Company special privileges connected with
the navigation of the Red Sea and Nile. Also that
h Egyptian Commercial and Trading Company
bia.ve nearly completed arrangements for the este-
tlehMent of the Anglo-Egyptian Navigation Coin-
inY'l with a line of steamers between London,
verPool, and Alexandria, touching at Havre,
Ita
&c., the prospectus of which will be
--ea in a few days.
Ile accounts received from the manufacturing
,14„triets for the past week have generally been
~
CeLafactory. At Manchester, however, there has
for very little activity; while the demand
-I_,°r spring goods at Leeds, Bradford, and
itliddersfield has not been quite so animated.
Nottingham
the lace and hosiery districts of Leicester and
°t,tingham there has been no material change,
~
in at Birmingham more activity has prevailed
most departments, with the exception of the gun
trade, which still continues rather inactive.
The Share Listof the British Columbia and Van-
Zeaver Island Investment Company will be closed
Thursday next.
ziThe application list of the London Commercial
4:tel Company will close on Monday for London,
lon.Taesday for the country,
iiaAt otice has also been given that the subscription
out °f the National Financial Company will close
~uhursday next.
of The thirtieth annual meeting of the shareholders
tookthe, Agra and United Service Bank (Limited),
to m Plano on Saturday. Mr. G. G. Macpherson oce
zoot'ed the chair. The report, which was unani-
te Zl3' adopted, is of the most satisfactory character
eeconcerned in the operations of the bank. The
alpo'
brt states that, after making ample provision for
bsokafcl and doubtful debts, the net profits of the
P
thic7 the year amount to £242,909 12s. 6d. Out
ht, Sulu the directors declared, free of income
eeet.twn half-yearly dividends at the rate of 10 per
a bo per annum each, and added to the last of these
the 11118 of £4 per share, thus making a return for
Year of 18 per cent. nn the paid-up capital of
log million sterling. From the balance remain-
esol 3" refunded to reserved fund account the
Yes!, of £7,341 2s. 4d. taken from it last
tka„/, and, in consideration of the greatly
a fiar-t'ad business of the bank, carried to credit
4225 her Sum of £25,000, thus raising that fund to
aaPer'ooo• They also passed the sum of £5,000 to
csrit, nn'aation fend, and £15,000 to building fund,
tie,l3;in a forward £10,568105. 3d. to credit of profit
kon tie account for the current year. The chair-
or 6 aid that there was a gross profit of £486,000,
te. LAasa
It owY half the paid-up capital of the bank, and
:14,1 Profit of £242,000 from the operations of_ the
able Year-_a result due in a great degree to the
and excellent conduct of the general manager,
„.
tbr
aa
4P.our and of the other officers at home and
o
\P 4' In acknowledgment of these services it
as
Oatikh r'OPOSed to grant to all the employes of the
%Ito a gratuity of 10 per cent. The chairman
itt.nounced that satisfactory arrangements had
Porn entered into with the Fishmonger's Company
tor: long lease of a most eligible site at the
of t;lr of Lonsbard-street, Gracechurch-street (one
Ltique Most desirable situations in the city for
net as) for their new premises. The fact of the
ti 151.nta being over 24 per cent. on the paid-
theco sPital this year was principally attributed to
aoleekrfenence of the management by the share-
es `themseves at the meeting.

Two O'CLOCK.
, At
`tlep, 4ris this day, according to Mr. Reuter's
eh' 'en; the Three per Cent. Rentes were 66f. 10c.
apps e Stock Market presents a veryflaiet
ek4 4,1411ce. The business now daily recorded
N„e'ingly•limtted, which is in a great measure
14a to the all-absorbing attention now given to
htliii°4lt-etock bank shares. Consols show scarcely
koi:ll3rovetnent, and the quotations are 91-1 ford
4042: cold account. The New Threes and Reduce
4i4.,,tie8 are 895 ; Exchequer Bills, 7s. to 2s.
Be% ic:Tscli4. 5 per Cents., 104 a ;; and the Bonds,
. • dia.
htile Foreign Market general heaviness prevails,
ere .z.iness is dull. Turkish 6 per Cents., 1862,
2,4 i 72i ; do. Clnsolides, 531 51; Greek, 24,
"Pauish p se. e, 35: ; do., Certificates,
Mezican, 44531: ; Portuguese,- 4911 and, the
o 'etclherate Loan, 54-56.
144 e Itailway Share Market the dealings have
pee e"
extensive, and in some instances prices
4eve iiewa rather less firmness. West Midland
'tattuteeded 52, and South Western 10s.; while
eb^iht ",r,estern have improved 3s.
..0111 Orej
.p: an and Colonial lines exhibit little
ZIEtTIC,.` talPortance.
tfttiot hares continue in active request, and quo-
doll a atilt exhibit considerable buoyancy. Lon-
atd W; •
13, 60 estnatnster realise 95 99 ; Union of Lo.
11 16. 81 Alliance Bank, 56 53; and Imperial,
It t 1,1: Miscellaneous Market Mercantile Credit
ittle 0,131.°"ed to 15/ 16.
'teat quotations for some of the principal