The Sun.
London, England, 1864-03-24 00:00:00

ONEY MARKET

AND

COMMUCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
The directors of the Bank of England have held
their usual weekly court, and have found it expe-
dient to adhere to their present discount regula-
tie". There is still a good demand in the open
Market at 5i per cent.
Proposals have been made by the Atlantic and
at
Western Railway for the intended issue of
second mortgage bonds, payable in London, and
amounting to 1,800,000 dole. (£405,0G0), secured by
en oa the income and corporate rights of the
Pennsylvanian and New York divisions of the rail-
vay. On the New York section the sum required
tieeo,ooenno dole., or £lBO,OOO, due in 1881 ; and on
Psylvania 1,000,000 dols., or £225,000, due
mBB2. The bonds ure emitted at the price of 70, in
etints of 100 dols., at £15155. ; of 500 dole., at 178
ls''; end 1,000 dole. at £157105., with interest from
13141 1. The coupons represent £l4 per annum on
each bone of 1,000 dols. (£225) or nearly 9 per cent.
On Price of issue. They are redeemable in New York
el' in London, at 4s. 6d. per dollar. Four per cent,
of the gross amount will be drawn yearly in July,
commencing in 1865, to be paid off at par in
London. Coupons are attached to the bonds pay-
able semi-annually in London, at the fixed rate
e. f 48. to the dollar. In order that the present
ttoleers of the first mortgage bonds may not be pre-
ediced by this issue, it is proposed that they shall
e the privilege of subscribing to these bonds at
the rate of one for every two now held, at a conces-
alen in price equal to a liberal bonus. the terms
t
Pen Which payments are to be made are as follows :
;76 Per cent. on application, being £ll sa. per
tbeing £22 10s. per bond ; 15 per cent. on the 2d
ae-,-ear' being £33 15s. per bond ; 20 per cent. on
`"e 16th May, being £45 per bond; and 20 per
cent. on the Ist June, being £45 per bond. Sub-
ecribers are to have the option of paying the ins
etelments in advance, and will be allowed discount
at the rate of 6 per cent. per annum. The line
Will comprise a length of 506 miles, of which 38.5
bl ilea, from Salamanca to Dayton, will be opensd
for traffic on the Ist May next. The income has
eedy reached £3O per mile per week, and it is
!E,,,leulared that within one year of the opening the
ve'reigh receipts will amount to £6O per mile per
i:ek, Producing a dividend on the shares exceeding
per cent., after providing for all expenditure
and the interest on the whole issue of bonds. The
treepects of the line are very favourable, as the
rle and Niagara Railway, which will enable the
Great Western to run a portion of its business into
.a.n
lod from Buffalo, is to be completed ar.d in opera-
'n during the coming summer. The line also
sweeps through the regions north of the Ohio river
North-West,
west of Pennsylvania into the heart of the Great
Aorth-'West, and has branch lines to Cleveland and
Cincinnati. Branch roads are to radiate to the coal
lields of the Gunagewant valley, as well us to the oil
regions. There are no coal fields in Canada West,
and the line will also supply the connecting link to
(he colonists for this description of fuel.
The committee of the Stock Exchange have
appointed Friday, the Ist of April, especial settling
day in the shares of the Mexican Bank, which are
t° be marked on the official lists.
At a meeting of the board of directors of the
Australian and Eastern Steam Navigation Com-
-13_4111 yesterday, it was quite understood that,
under any circumstances with respect to the future
lthe company, airy dissentient shareholder shall
oo the opportunity of receiving back his deposit
ey of £2 per share, without any deduction.
ti
tia he aPplications to-day for the shares of the new
ha:erti'lLing of Smith, Knight, and Co. (limited),
e exceeded the capital required by 25 per cent.
53eCs "are list, it is announced, will close on Mon-
.o the 28th, for London, and on the following day
country applications.
I
t has been notified that the Mercantile and Ex-
tnilnge B Ink will take possession of their new pre-
the"' in Lombard-street on Monday next, and that
branM
ein. cing-lane office will be retained as a sub-

1144 1
announcement has been made by Mr. Reginald 1
~,8 Y and Mr. Montagu Han key that they have
t4lntd business in Liverpool as East India and
n eral merchants, under the firm of Hankey
ro!:hers and Co.
to The last Week's railway receipts, aecertained up
t4141c-"Y; are, in round figures, as under :-
1864. 1863.
:zeat Western X58,040 L 55,632
ootirttil... wes,
era ............................ 9
1,251
81,9(19.,
L. h. weattena ...........
0,400 1.,186
itighton
..
..................
.•
• . 215 203 14,380
tidlattcl . . .............. .............
44,176 34,426
rlt South tern **********
18
,166 17,026
'teat Northera
31:1 3 27,692
t"rtni eastdre and Yorkshire., ..
(10"01 and Exeter
,1111 Eastern
teat
Eastern ..
Southern and Western lroland ..,
41,. 48e returns are in must instances of a vety
th`l4fEtetory character, and e=hibit an increase on
u,c' Great Weilern of 1.:,458 ; the Notth Western,
1t'..•4:9 312 ; the South Western, of £1.223 ; the
.i,lghtuu,
0,,
t £823 •• the Midland, of £9,750; the
411,1r11 E :stern, of i'11,140 ; the Great IsiortLern, of
the. joy the Lancashire and Yorkshire, of £4 710 ;
tern,ll°l Eastern, of £4,864 ; and the Ore it Els-
of £3,775. '

Two o'cLooK.
iLkt the Paris Two
this day, according to Mr.
We telegram the Three per Cent. Rentes
°l)Eri,d t , ~, - a 66% 7e.
tvoe,r3,' little ae_tivity is w witnessed at the
E4c4ange. Operators are generally limiting