The Sun.
London, England, 1864-06-23 00:00:00

tONEy MARKET

AND

COBIXZHCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
The Bank of England rate of discount continues
at
6 Per cent., the directors at their weekly court
this morning not having considered it necessary to
make any further alteration. The requirements of
the commercial public are still large; but, as it is
thaaght that in the course of a short tims they will
be Contracted within their usual limits, no surprise
h
aa been occasioned by the continuance of the offi.
quotation at its present figure. The terms
Charged by brokers and others are equal to those
ccrrcat at the national establishment, and a large
caraber of applications have consequently there
been Made by the mercantile classes.
The committee of the Stock Exchange have ap.
II: lilted Monday, the 27th inst., a special settling
Y is the shares of the London and Provincial
watariae Insurance new issue, in the Miilwali Iron
Is
'arks Company, and in the Otago and Southland
Investment Company (in the latter instance only as
regards transactions entered into on end after the
4
May), all of which are to be marked on the
affieial lists.
The last week's rahway receipts, ascertained np
to
this day, are, in round figures, as under :-1533.
1834.
peat western £6B 807 £61,599
‘? 1111-Western
13°Itil-Arestern
orirghton
itieat Northern
Ileaslaire and Yorkshire 40,830 35,210
Brig
IL,II Eastern
ki(i101 and Exeter
bath
-o.astern
reat E
ern
North British
These returns are in most instances of a very
,a7anrable character when compared with those of
ilvle same period of last year. On the Great
Western,
the increase is £4,208; on the North
I'vestern, £10,296; on the South Western, £3,995;
°,ll the Brighton, £29; on the Great Northern,
'31763; on the Lancashire and Yorkshire, £5,620
obn the North Eastern, £8,285; on the Bristol and
'Teter, £1,678; on the Midland, £5,667; on the
°,.:lth Eastern, £2,059 ; on the Great Eastern,
s,
-4199 ; and on the North British, £BOO.
We are informed that an arrangement on equit-
kble and satisfactory terms has this day been pro.
byi"lally concluded for a fusion of the capital and
48iness of the London Bank of Scotland with the
vercantile and Exchange Bank. The goodwill of
;:e former bank will be transferred to the latter,
h°se London board will be strengthened by the
4a
dition of five of the present directors of the Lou.'
441 Bank of Scotland, and its nominal capital
139 these arrangements to be increased to
4.000,000, of which £BOO,OOO will be paid up.
Tile suseension has been announced of Messrs.
Lawrence and Fry, timber brokers, with liabilities
estimated at £250,000, and which have been in.
Tarred, not in connexion with the timber trade, but
h
the execution of railway contracts. According
° the following circular it appears that a satisfec-
t°ll' liquidation is relied upon :--

" 10, New Broad-street, June 22.
"Gentlemen,—We regret to have to inform you that in
tic'lleTtzence of the non-payment of a very large sum of
eY due to ns we are advised, after mature deliberation,
t c'll
°l4l.spend payment.
We feel justifiid in asserting, however, that our assets
are largely in excess of our liabilities, and therefore with
the haore confidence ash your kind forbearance pending the
vi4eEtigation of our affairs by Messrs. Coleman, Turquand,
Youngs, and Co-
" We are, gentlemen, your obedient servants,

"LAWRNCE AND FRY."

The prospectus of the Loneon Theatre Company,
tvllich will be found in our advertising columns,
to one that seems to carry with it complete and
entertainment
success, as the want of a superior place of
in the neighbourhood of King's
t rQss has long been felt. Tne object of the directors
t 8 to erect a spacious and elegant theatre in that
11
:lighbourhood (an admirable site having been
14,:te4dy secured), capable of accommodating 2,500
it'erons, for dramatic and operatic performances,
tll4 a smaller one for first class amateur enter-
it4iohients and concerts. There are already many
Ativantages in favour of the proposal, namely, a
‘e ‘`tely populated neighbourhood, the absence of a
h theatre north-west of the metropolis, the
11°xinaity of the termini of the Great Northern,
44e London and North-Western, the Metropolitan,
Ti1,,(1 the intended terminus of the Midland Railway.
theatres
directors also propose to associate with the
soils,
a restaurant on an enlarged and improved
refreshments
for the purpose of supplying to the public
of the very best description at the
thl4st prices, which will doubtless prove a boon to
h.° Public and a source of considerable revenue to
e°lllpany. The capital is fixed at £50,000, in
°0 shares at £lO each. From calculations that
41;17e been made, very nearly 20 per cent. profit is
ticipated.
'4ll prospectus of the London and Southwark
IN, "ranee Corporation has been issued, with a view
4-; Wording additional facilities for life and fire in.
the
on the south side of the Thames. In forming
e "topany the directors do not profess to base its
toBPects merely upon local associations, yet it must
1 (admitted that such a consideration must enter
tas ri!elS7 into the probabilities of a successful under-
ee I°R. It is certainly curious that up to the
"pre-
period no great effort has been made in this par-
:olar direction to extend the advantages of insur-
e ce, especially as the boroughs south of the Thames
:44'41 a population of no less than 650,000, in-
cabitin g p 3,000 houses, beside which there are exten-
tillte wharves, warehouses, and manufactures of many
henonainations representing a vast amount of pro-
Petty and influence. The promoters of this new
the
propose to supply the omission, and with
1:7 talent and energy with which the matter has
taken up the prospects of complete success is
almost certain. The directors are all first-rate men
of business, and the reduction that has lately taken
Place in the rate of insurance daty, will no doubt
4Qure for them a large amount of business. The
4Pital is set down at £500,000, in 20,000 £25
41aares; but, in the first instance, it is only proposed
1° issue 10,000, with a call of £5, as there will be
expenditure of " promotion money." The direc-
LC3tB have already secured very eligible offices in the
bloat prominent part of Southwark.

Two O'CLOCK.
At the Paris Bourse this morning, according to
'ettter's telegrams, the Three per Cent. Rentes
'kete quoted 65f. 87c.
t The decline in the Stock Exchange markets yes-
-I,4claY was followed by a strong relapse through
that
which for the moment led to the belie;:
4t a peaceful settlement of the war in Germany
4d been successfully obtained by the :vlinisters.
ti
ht this morning, however, the painful intelligence
gained round that the Conference had broken up,
.11c1 that war would be recommenced, which ex-
tilted further distrust in the public mind, and Con-
43's have gone down 3-16 per cent., the quotations
892 a for money, and for the account 89i 90.
The New Threes and Reduced Annuities are 8811;
inlhequer Bills, 56. dis. to par. ; India 5 per Cents.
ku4K ; ditto 4 per Cents,, 991; and the Bonds,
.

gcneral decline has also taken place in the
Qrelgn Market, and business is verydull. Turkish
Nttlq Cents., 1862, are 701; do., Consolides,
:ezican 42Z- 431 ; Greek, 23i; Spaninh Passive,
e.?.rtifinatce, 91 10t- ; Portuguese 461,
87-1; Italian, 681 691; and the Confethrate
62 64.
12ereased heavine2s has prevailed in the Railway
rhare Market. Metropolitan have declined 55.,
140 shire and Yorkshire 10s., London, Chatham,
a'
-bncl Dover 102., and Midland 155., while South
'ihltern have improved ss.
The Foreign and Colonial lines show little or no
eLaiage.
and Ijize',llaneons Klaus remain inactive,
44c1 quotations in some instances exhibit less firm-
e", London and Venezuela Bank are (noted