The Sun.
London, England, 1865-01-23 00:00:00

XONEY

AND

COMMERCIAL INTELLIGELICE,

CITY, TWELVE O'CLOCK.
The idea has been very general to-day, that, if
the authorities of the Bank of England desire to
participate to a greater degree in the current dis-
count business than at present, they will have to
"ocede further facilities to the commercial public.
Ile quotations to-day, in the open market have
been 5* I per cent, for the best short-dated bills,
a tendency to still lower prices, or about per
cent. less than the official minimum. The supply
of money at the command of bankers and brokers
continues very abundant, but the inquiry for ac-
commodation has been very small.
There were no bullion operations at the Bank on
Saturday.
The Australasian has arrived from New York
'with £111,139.
The accounts from the various manufacturing
districts during the past week have, upon the whole
been of a more satisfactory character. The woollen
trade of Leeds, Bradford, and Huddersfield, has
been more animated, and a good business has been
(lone in spring fabrics. At Manchester moderate
transactions have taken place in both cloths and
TYams, chiefly for exportation, at fully late rates.
he hosiery and lace trade of Leicester and Notting-
ham have shown symptoms of improvement, while
at Birmingham, Sheffield, and Wolverhampton
there has been more activity in almost all depart-
Merits.
The directors of the Alliance Bank, in their re-
Port for the past half-year, state that the gross pro-
'lt
ths, including £6,580 14s 9d brought forward from
e previous six months, amount to £185,896 17s Bd,
Which, after deducting current expenses, interest on
current and deposit accounts, and rebate on bills dis-
counted, leaves a net balance of £66,731 19s 9d. The
numerous and extensive failures of mercantile houses
'l,(lnring the last three months of the past year
ave pressed with special severity on the cora-
PanY, and the losses to be provided for on accounts
tew in liquidation will absorb the profits of the
-ualf-year and a further sum of £61,737 11s. 5d.,
Which has been carried from the reserve fund to the
Profit and loss account. •In addition to these losses,
there are transactions not yet matured in connection
'with a heavy account, which may possibly entail a
large additional loss. The bank, however, holds
securities which it is hoped may be realised favour-
ably ; but whatever loss may arise will be dealt with
separately, and written off the reserve fund.
The report of the East London Bank, to be pre-
sented on the 26th inst., states the available balance
to be £3,841, and recommends a dividend at the
rate of 5 per cent. per annum, which will absorb
£2,500, and leave £1,341 to be carried forward.
The paid-up capital is £lOO,OOO, and the liabilities
on deposits, &c., are £346,196.
The directors of the Anglo-Italian Bank have
determined to recommend a dividend of 6s. per
share, which is equal to rather more than 6 per cent.
on the paid-up capital.
A meeting of the shareholders of the Unity
Joint-stock Bank has been called for the 30th inst.,
"to consider the conduct of the directors in repu-
diating the acts and powers of the liquidators."
The report of the Consolidated Bank, to be pre-
sented on the 24th inst., shows the available total,
includingf a previous balance of £6,976, to be
,i 3,486, and recommends a dividend at the rate
flO per cent. per annum for the half-year, and a
ell" of 3s. per share, being an additional per
xein„ti This will absorb £52,500. The sum of
th", 158 is to be appropriated to reserve, which will
w,„.en amount to £58,621, and a balance of £1,827
aw. remain to be carried forward. The paid-up
Pital £6OO 000 and the deposits held are
43,411,206. "
The half
aharehom Yearly meeting was held to-day of the
ers of the London Financial Association.
e
Th report Presented for adoption stated that, after
deducting the Months, and current expenses of the past six
cerit. rebate of interest at the rate of 6 per
mend a.,ll,nuin, the directors were enabled to recom-
per
cent payment of a dividend at the rate of 5
~ with a bonus at the rate of 10 per cent.
per arm_
at7i, tree of income tax ; there would then
to`d_loca anceof undividedlprofits of £4,063 Bs. 6d.
,iena and bo
e flied forward to next half-year. The divi-
uus together amount to £1 2s. 6d. per
Zueau%nrttlaeold, and 18s. 9d. on the new shares—
ota:.e7 the distinction between the old and new
being'Zl cease, the same amount (115 per share)
At the paid up on each subscription.
shar ordinary general meeting to-day of the
eholders
thehreportl which was unanimously
adePted, stated expenses ,
.t at, after payment of the current
losais
no,tadutiznangdfomrarheibnagteof interest on bills and
ample provision for all
arn ge.acies, there remained a balance of net profit
°llllting to
£99,217 98. -The directors recom-
Inended this
Bum
Dividend (free to be appropriated as follows :
X 50,000 ; income_ income-tax) of 10s. per share,
next
Ward to haltax, £1,250 ; balance carried for-
The report of tlear, £47,967 9s.
P resented on the the Union
Bank of Ireland, to be
4£2
~4)14, £7,972, in,lidin
a inSt., shows an available total
zic- c.e, Phaelidd
The ;a: laraPen
ja3aP6l i6'480
t is Previous balance of £2,058.
and the deposits,
. 20, 000,
meetin g
to-day, Thethe report, which was adopted,
period the Co gress profits realised during the
ten
months)
is £3l
had carried on business (about
ad interim4,llB36 98• 9d. After deducting the
dividend • • 3nanageinent as f paid in July last, expenses of
Zre., the net
Preliminary far as ascertained, 20 per cent. of the
e
The directors, h
s'-uPeni Beg, and the rebate on current bills,
us amounted to £19,128 ss. 10d.
1:)if the transactions aving regard to the fact that many
ureuglitiutoth in respect of which profits were
and that som e present account were not yet matured,
depreciate
_e of the securities held had been much
Market, ,eus. by the recent pressure on the money
above
euu by
to retain a large proportion of the
tors 111, hand ; and they trusted the proprie-
ekanre7 eerfully concur in this precautionary
undertaki_wuti a view to the future security of the
net 7. The following apportionment of the
-for IStherefore proposediviz., £4,568 3s. 10d.
10
.7__cnvicednetnd for the past half-year, at the rate of
£.,,,t7
to
ther annum on the paid-up capital ;
balanceu(e formation of a reserve fund, and the
of £4,560 2s. to be carried forward to the
next account.
Brighton. Bath c bounced, with a capital of 1720
is
to
purch,ooo, in shares of
y has been an_
:£.20 each. Its object
theth well-known
eretypardes.ent ac-
laths at Brighton, and to enlarasgee
commodation by acquiring some prop
A portion of this property, however, comjccis'i g
.
shops and houses, will remain, and yield al) large
the aristocratic
annual rental to the shareholders. The baths haveg
always been very popular among
classes visiting the neighbourhood, and the inten-
tion of the directors is to extend the accommodation
to the public generally. The new arrangements
opartly consist of billiard, reading, and lounging
roorn, eonunanding a sea, view. As business will be
11114_ mediately commenced, the directors are enabled
.guarantee 5 per cent. interest. on the capital
l'4lll up during the construction of the works.

Two O'CLOCK.
Le„At Paris, this morning, according to Mr. Reuter's
•rivy legram, the 3 per Cent. Renter were 66f. 95c.
ea,.
The English Stock Market has been very much
depressed to-day consequent upon the small amount
forehof business negotiated. All the other departments
a likewise been inanimate and heavy. Consols
inoney are 89+ 1, and for the account; 891 i.
The New Threes and Reduced Annuities are 88 8;
Exchequer Bills, Is. prem.. ; India 5 per Cents.,
103+, i ; and Enfaced 5 per Cents., 1021.
_ There has been per Cents.,
animation in the
.Foreign Market, and prices have been rather heavy.
Turkish 6 per Cents., 1862, are 701 i ; do. Con-
solide's, 498 50+ ; Mexican, 271-, 28; do. New, 24
i Greek, 23i 4 ; Spanish Passive, 32+ 33i ; do.