The Sun.
London, England, 1864-04-07 00:00:00

NARKEI

10101ERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK

More firmness is perceptible in the money market
to•da).-,
and the rate for three months' bills has
advanced from bi to the level of the Bank of Eng-
land. A very active demand prevails in all direc-
tions.

Tho biddings for 40.00.000 rupees (£400,000) in
bills on India took place yesterday at the Bank of
England. The proportions allotted were—to Cal-
cutta 22.24.000 rupees, to Bombay 16.00,000 rupees,
and to Madras 1.76.000 rupees. The minimum price
Was as before t—ls 114 d per rupee on Calcutta and
Madras, and is 113,d on Bombay. The applications
Within the limits amounted to 426 lace. Tenders on
Calcutta at 2s will receive about 18 per cent., and
above that price in full ; on Bombay at 2s OP about
76 per cent., and on Madras at 2s Old in full.
The share list of the North Australian Company
Will be closed to London applicants on Tuesday
next, and for the provinces on Friday, the 15th inst.
The subscription list of the Oriental Financial
Corporation will be olosed to London applicants on
Monday next, the 11th inst., and to those coming
'Dm the country on Tuesday, the 12th inst.
An undertaking of great importance has been
Announced, under the title of the International
Land Credit Company, which purposes carrying on
operations similar to those of financial and land
mortgage institutions, and also to be amalgamated
With the Belgian Mortgage Bank, the Bank of In-
dustry and Land Credit (Brussels), and the Vend°.
bana Mortgage Assurance Company of Vienna.
These companies have been established for some
time, and have realised considerable profits. The
Industry and Land Credit guarantees to the new
shareholders a minimum dividend of 11 per cent.
for the first year, and the Vendobana promises to
Pay at its next meeting a dividend of 25 per cent.
The nominal capital of the new company is fixed
at £8,000,000, of which £6,000,000 is to form the
Aret issue in 300,000 shares of £2O each. Ot thir
number 250,000 have already been placed on the
Continent, 15.000 in England, and the rest—viz ,
4000, are offered to the public. They are quoted
prem.
The prospectus has also appeared of the Corn-
itercial Bank Corporation of India and the East,
With a capital of £1,000,000 in 40,000 shares (of
Which 30,000 have been already aliotted) of i 25
each. This company has been specially designed
to
enlarge the sphere of operations of the Commer-
eklef Batik of India, established in Bombay in 1845,
'I creating it a new bank under the new title, and
enlarging its capital and reserve fund, It has been
incorporated under Royal charter, which limits
the liability of shareholders to double the
mount of their shares, and in consideration of
the transfer of the business and reserve fund, 20,000
Shares fully paid up, with 10,000 on which onlySharesalf has been subscribed, have been allotted to pre-
cept proprietors, thus leaving only 10,000 shares to
c allotted to the public. This last number, how-
ever, is to bear a premium of £lO upon each share,
nob, amounting to £lOO,OOO, is to be added to
Ltke reserve fund, raising that item to £150,000.
All
calla will have to be paid prior to February
neat, and payment in anticipation will be allowed
interest at the rate of 5 per cent.
The last week's railway receipts, ascertained up
t 0 thin day, are, in round figures, as under :

1864. 1863.
-k . 'eat Western £60,417 £57,367
\lort
mouth_
99,923 92,117
illghton Western
tI
.Midland
43,847 41,577
,otith-Eastern 20;957 21,949
'N.I., rem Northern . 30,807 26,373
,i-aneastiire and Yorkshire 37,090 34,550
North
and Exeter
4.'4,,,0rth Eastern 54,249 49,769
.„%lreat Eastern
tzanchester, Sheffield, and Lincoln 15,198 14,944
North British
These returns, as compared with those of the
game period of last year, are generally satisfactory ;
414 813418 instances, however, there is a falling off,
ring to the early period of the year in which the
'astern holidays have been observed. On the
~,
North
Eastern there is an increase of £3,050 ;
"orth Western, £7,806 ; South Western, £B5B ;
lidi
-411 d) £2,270; Great Northern, £4,434; Lan-
E, •
111412rAe and Yorkshire, £2,640; North Eastern,
h '-'" ; North British, £1,091 ; while the Brighton
cie--"" a decrease of £4,081 ; South Eastern, £992 ;
re4t Eastern, £1,776.

Two o'CLOCK.
telegram, Paris this day, according to Mr. Reuter's
tarn, the Three per Cent. Rentes were 66f. 05c.
The
oentre of attraction at the Stock Exchange
the market for Joint Stock Banks and Miscel-
-4;11"u
bes, but even these descriptions of securities
ginning to lose much of their recent popu*
1141 t y, and sales having been effected, quotations
Th.e, in many instances, been seriously depreciated.
t Funds continue heavy, with very few
-Bactinntl, and Consols are 914 for money and
-r: Present account, and 91/ tor niy. The New
Se4l," and Reduced Annuities are 891 Red
7343`elegraph Annuities, 20 / ; Exchequer Bills,
per did.; lndia 5 per Cents., 105; Enfaced 5
Ijetsntm., 1031, and 4s. 3s. die.
t".e Foreign Market there has not been much
fkxvn Ettl°n, but Mexican have risen to 45! upon
10,rt1rahle statements respecting the forthcomiig
_Turkish 6 per Cents., 1862, are 7.1} 72 ; do.
%s;'Nolides
53.1 ; Greek 24} 77,.; Spanish Passive,
Co'd 1; Portuguese, 491 :; Puller, 661 67; and the
rederate'Loah, 53 54.
beelltl the RAilway Share Market the dealings have
ri11,027 limited, and the few transactions recorded
W little variatieg As regards prices. Metropo-