The Sun.
London, England, 1864-07-11 00:00:00

MONEY MARKET

AND
CODIXERCIAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
The favourable condition of the Money Market
noticed towards the close of last week continues
With a tendency to still further easiness. The
rates as yet, however, show very little ap-
parent alteration, 5a per cent. being the lowest
charge by brokers and others for the negotiation
of first -class bills. The enquiry on the part of
the commercial public shows no increare, and the
idea is now more hopefully indulged that some
further concessions will soon be made.
The prospectus has appeared of the Regent's
Canal Iron Works Company, which proposes to
purchase and carry on the engineering works of
Mr Henry Grissell, situate in the Eagle Wharf-
road, Regent's Canal. The works cover a space of
21 acres of land, and possess a frontage of 700 feet
on the Eagle Wharf-road, with nearly the same
extent of water frontage. There are some valuable
patents for improvements in steam agricultural
machinery which the company also propose to
acquire. It appears that the works were established
in 1844, and have been carried on by the present
proprietor since that period with great success. He
is still to retain an interest in the concern, and to
be its managing director. The nominal capital is
to be £250,000 in shares of £2O each, 8,000 of
which is to form the first issue.
The Macgregor Laird, from Africa, has brought
£11,908.
The accounts from the manufacturing districts
for the past week have continued of a very satis-
factory character. At Manchester there has been
a fair demand for both cloths and yarns for expor-
tation and for home use. The woollen trade of
Leeds, Bradford, and Huddersfield has been more
animated, and increased activity has prevailed in
the hosiery and lace departments of Leicester and
Nottingham. Business in the hardware districts
of Birmingham, Sheffield, and Wolverhampton has
continued steady.
The prospectus of the Robertsfors Ironworks
Company is before the public for a capital of
£300,000. The object of the company is the pur-
chase of the extensive estates of Robertsfors and
Fredriksfors, comprising about 150,000 acres of
freehold and crown lands, with large forests and
agricultural districts, as also timber and ironworks,
shipbuilding yards, &c., Which are situated in
the county of West Botten, in Sweden. The pros
duotion of iron has hitherto been limited, but by
means of the resources of a public company that
supply can be increased to any extent, and there is
always a ready market for Swedish metal. The
magnetic iron ore from the mines is exceedingly
rich, it can be obtained in any quantity, and one fact
speaks highly in favour of the undertaking, namely,
a specimen of the ore, the same as that from which
the celebrated Dannemara iron ii produced has been
assayed by Messrs. Johnsen and Matthews, and
found to contain 664 pure metal, and quite free from
sulphur. another very important circumstance
is, that,the company intend to devote considerable
attention to the produation of Bessemer steel. There
is ample water power on the estate, labour is cheap,
and the property isin dose proximity to a shipping
place, therefore all the materials for a successful
business aro at hand. The vendors have agreed
to accept £50,000 for the estate and as the mines
and iron works are in active operation, the profits
Will accrue to the company from the date of pur.
chase.

The prospectus of the Hudiksvall and Forssa
Steam Sawing Mill Company (limited) has been
issued, with a proposed capital of .£160,000 in 3,200
£5O shares, with power to iracrease -to £200,000, of
which about £75,00'), or 1,500 shares fully paid np,
will bs taken by the present Hudiksvall Steam
Sawing Mill Company. In the year 1857 a private
company was established for the purchase of forests
in Sweden, and acquiring leases, grants, with
the power to sell ; as also to so perfect the water
communications for floating timber from the forest
of Forces, and, by the aid of steam and water mills
at Hudiksvall, convert the timber into deals for sale
Tin London and the other markets of the world.
his company is formed for the purpose of extend -
g the already extensive operations of the Hudiks-
"rkill Steam Sawing Mill Company. The directors,
Whose names will at once inspire every confidence
in the project, have issued a very explanatory
prospectus, which will be found in our advertising
columns. Valuable leases have been secured, and
the assets of the old company were on the Ist of
January last £137,950.

Two The first annual meeting of shOOCK.
areholde 'CrsL of the
EgYPtian
held o
Commercial and Trading Company
was
t wil‘ch ' -day--mr. J.
report, W. Larking in the chair. The
the net was unanimously adopted, stated that
profit for the ten months' working had been
£29rve,632 fis., and after placing aside £2,900 for the
rese fund, a dividend was recommended of ss.
3d. per share, free of income-tax.
The English stock
market presents a slightly
firmer appearance, but
the alteration is but trivial.
The business negotiated as been exceedingly h
limited, and there appears to be very little disposi-
tion to speculate on a large scale. Consols for
ew Threes and
Money 901 L and for the account 90: exactly. The
Reduced Annuities are 891 e;
sis. to par ;
I\r
March Exchequer Bills 83 to 3s
India 5 per Cents. die.,
1047 and Jane do.
, -, i ; do. 4 d
Pox Cents., 991; and do. Bonds, 14s die.
Poreign Securities have been enerally steady
With very little basiness. Turkish
.6 per Cents.,
.1,862, are 68' 69 ; ditto Consolides, 50
..i. ;
.I'44icati " Ex. all," 283. ; ditto New, 26z t