The Sun.
London, England, 1860-07-18 00:00:00

.1110X1 r MAI KE2' AND CITY NEWS.

CITY, Two O'CLOCK.

The demand for money being fully maintained,
the discount market remains firm, and no immedi-
ate change of importance is anticipated. Various
new projects, however, including banks, mines, &c.,
• are being brought forward, and as they are meeting
with a favourable reception, extensive supplies of
capital are likely to be absorbed, which may here-
after tell upon the tendency of the quotations.
The General Mercantile Bank of St. Petersburg
as just been announced, the capital required
being £2,000,000. Highly remunerative profits
are expected frnm the extensive operations this
establishment, if duly organised, will be able to un-
dertake, especially as the trade of the country,
which is steadily expanding, requires increased
banking facilities.

The East Indian Railway Company have given
notice that they are prepared to receive applica-
tions for £1,500,000 new 5 per cent. debentures,
having five years to run, with the power of a re-
newal for a further similar term upon giving 12
months' notice. The instalment will be 25 per
cent. on the 10th proximo, and 25 per cent. in each
of the three succeeding months, or the amount can
be at once paid up in full; and the usual guarantee
for the principal and interest has been made by the
Indian Government.

A sum of about £21,000 in gold was sent into
the Bank of England yesterday.
The foreign exchanges yesterday afternoon
remained without any material alteration.
The interest en the 5 per cent. Guatemala Con-
solidated Bonds will be paid on and after the
let proximo.

The Commercial and. Agricultural Bank of Natal
have published a prospectus for a further issue of
shares.

In the Liverpool Cotton Market, yesterday,
business continued moderately active, and prices
remained steady. The sales were about 10,000
bales.

A meeting has been held to-day of the London
and Westminster Bank, when the report (which
declared a dividend to the shareholders at the rate
of 6 per cent. per annum, and by way of further
dividend out of the profits a bonus of 7 per cent. on
the paid-up capital) was unanimously adopted.
Although the transactions in the market for pub-
lic securities to-day have been limited, the funds
have been well maintained, Consols being 931
for money, and 93-1 for account. Business, both
bona fide and speculative, is very dull. The New
3 per Cents. and the Reduced are steady, at 931
India Stock is fiat, at 2171 to 219 ; ditto New Loan
has been rather actively dealt in, at prices ranging
from 1041- to 1041; ditto 5 per Cent. Enfaced
Paper remains at 971 4 ; and Exchequer Bills are
firm at 3s. prem.

Increased firmness is apparent in the Foreign
Stock Market, and the transactions have been
limited. Turkish 6 per Cents. are 771 to '7B
ditto New, 61 611; Peruvian Uribarren have im-
proved to 84 ; ditto 3 per Cents. to 75 ; ditto
Dollar Bonds to 83 rind 841 ; Spanish are steady
at 491 I; ditto Passive are firmer at 21 ; and
Dutch 41 per Cents. are 1011 1.
The Ocean Marine Insurance Shares are 2 to
21 prem.; the Thames and iMersey, 11 preen. ; and
the Universal, s 1 prem.

The transactions in the Railway Share Market
were to an average extent, and prices generally
exhibited more buoyancy. Caledonian, Eastern
Counties, Lancashire and Yorkshire, and West
Midland improved ss. ; Bristol and Exeter, and
Great Western, 10s.
The Foreign and Colonial lines were in limited
request at about former quotations.
For Joint Stock Bank and Miscellaneous Shares
there were only moderate inquiries. Ottoman
Bank improved 55., Electric Telegraph declined ss.

BRITISH FUNDS—CLOSING PRICES.
Bank Stock
3 per Cent. Reduced Annuities 931 1 1
3 per Cent. Consols Annuities
New 3 per Cent. Annuities
India Stock ..
Ditto 5 per Cent.
Ditto Enlaced Paper, 4 per Cent —
Ditto 5 per Cent
Ditto Bonds £l,OOO 6 d
Ditto under £l,OOO .
Consols for Account, 9th Aug 931 1
Exchequer Bills, £l,OOO, 11d
Darn £5OO 3 pm
Ditto Small
FOREIGN FUNDS—CLOSING PRICES.
Equador New Consolidated
Ditto Provisional Land Warrant 3
Grenada New Active, .31 per Cent.
Ditto Deferred
Peruvian 41 per Cent
Ditto (Uribarren), 41 per Cent.
Ditto 3 per Cent —
Ditto Account
Russian 5 per Cent. 1822, £ St • •
Ditto 4i per Cent 94
Spanish 3 per Cent .. .. 491 it
Ditto Account
Ditto New Deferred
Ditto Account
Ditto Passive
Spanish Corn. Cert. of Coup. not funded 5 1
Turkish 6 per Cent ..
Ditto New Loan
Ditto Account
Ditto Guaranteed, 4 per Cent.
Ditto Account
Venezuelan 3 per Cent
Ditto 11 per Cent.
Dividends on the above payable in London.
Dutch Exchange, 12 Guil. 21 per Cent —
Ditto Certificates, 4 per Cent.
Peruvian Dollar Bonds, 4/per Ct. Ex. 4s 83 4t

THREE O'CLOCK.
Consols, Money
Ditto Account, August 93i a

THE ECLIPSE—(This Day.)

The solar eclipse was distinctly visible in Lon-
don from two o'clock of the day until nearly three,
when thick clouds passing over it partially ob-
scured the sun. At times, when the clouds were
less dense, the enlarging dark curve of the moon
encroached visibly to the naked eye, until the
sun had the appearance of a new moon,
shining brilliantly, while the larger portion, about
two-thirds, was quite opaque. All London, cabs,
'busses, and chimney-sweeps with their smoked
eyes, indulged in the novel scene.

THE BRITISH EMBASSY IN PA Captain P.,
of the Royal Navy, lately appointed as naval attache to the
British Embassy, has had his app3intment cancelled, the
French Government objecting to the gallant officer on
the ground of his having spoken against the Emperor.
This is a mere pretence. The real ground of the
objection is, that Captain P. has (I am informed) long re-
sided in France, and being acquainted with the country his
means of information as to the naval preparations, &C., of
our gallant ally would have been disagreeable to the Im-
perial Government. A naval attaché, to be of any use,
must be well acquainted with France. He must know the
coast, and he must feel -at home in the official world, and
know that their statements are to be ever distrusted. How.
ever energetic and intelligent, an officer fresh from a naval
command or from his club must spend years in acquiring
of place and people, which only a long re-
sidence in the country the knowledge
can impart. You may rest assured
ni— thennlse anctionss of the
too old or
French Government as
that no resident in France will
atotbrh
too incompetent to dischargeu his duties efficiently.--
3forning Herald.
It is expected that the prospectus of the General
Mercantile Bank of St. Petersburg, which was mentioned
will be £2,000,000
some time back as in course of preparation, will be formally
Pulslished at an early date. The capita
o further liability,
In £2O shares, on which £5 is to be called up; the shares
will be to bearer, and therefore involve n
shares are to be
and the concession is for fifty years.
The e for tenders,
received at all public offices for caution money,
or contracts, the same as Government securities.
the most im
may be established in the principal towns, and
portant and valuable feature of the sist in
c Branches
scheme is to con .
the introduction of the English sstem
d vantage to
—a measure which should of immense a
prove
the trade o ;the comaskilled and honest
management, bring a try, and, under f dosit banking
constant increase of power to the
company. The provisional directors
are—at Baden, Baron
Mulhens ; at Frankfort, Baron de
Haber ; at St. Peters-
burg, his Excellency A. K. Muller, and Messrs. Brandt,
Blessig, and Pleschanoff; at Paris, M. Ernest Andre ; at
Vienna, M. F. de Schey ; at Brussels, M. Jules Matthieu;
and in London, Messrs. David Salomons, Jas. Hutchinson,
Alexander Miller, and Matthew Uzielli, of the firm of C.
Devaux and Co.
LONDON AND EASTERN BANK.—It has been offi-
cially notified that on the 26th inst. a further call is pro-
posed of £lOO ner share on the proprietors of the Londonand
Eastern Banking Corporation. The call was wholly unex-
pected and has created considerable dismay. It was hoped
m the first instance that a return of £l6 per share out of
the original £5O paid might have been made, but not only
has the whole of the share capital vanished, but such
holders as have been able have had to meet one call of £5O
per share, and are now required to find £lOO more. Brank-
sea Castle the property of Col. Waugh, is said not to have
realised sufficient to clear off the mortgages. Col. Waugh,
by the last accounts was living in good style at Paris.
Mr. Stephens, the manager of the London and Easteris.
rn
Bank, and formerly assistant-surgeon in a regiment of
cavalry, who attempted to relieve himself of his liabilities
in the Scotch Bankruptcy Courts, but only passed a portion
of his examination, has, it is alleged, been lately seen in
London.

The Vienna journals announce that Prince de
Metternich, Austrian Minister at Paris, has obtained leave
of absence) end intends to pass it on his estates inßohemia.