The Sun.
London, England, 1844-04-12 00:00:00

-1_ i

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF THIS DAY.
CITY, THIIIISDAY
TIMES.—As the holders of the Three-and-a-Half per
Cents. 1818;in spite of what hris already been said, may
not be all aware of the peculiarity of their position with
respect to the operation of reduction, it is as well to re-
peat, that if they do not signify to the Bank of England
their assent in writing to, the Government plan on or
before Saturday, the 20th inst., 'they will be deemed to
have dissented

The annual meeting of the Shareholders of the Royal
.31ail Steam-packet Company took place to-day, and
passed oveTquietiy compared with previous proceedings.
The Work Tug of the steamers is not yet sufficiently pro-
atableltilenable the Directors to declare a dividend, but
the result of the operations of the past year is favourable
to the opinion expressed at the October meeting, that
the earnings of the Company would reach 120,0001. per
annum, subject to insurance and wear and tear. The
present accounts appear to contain heavy charges
for accidents and inexperience in the early career of
business, and hence the absorption of a cor.sderable
portion of the revenue received. However, as all out-
standing claims accruing from past transactions have
been satisfied, the service of the present year will com-
mence free from such liabilities. In conforMity-with the
resolution of the last general meeting, the insurances
upon vessels have not been renewed, and henceforward
it is intended to set apart annually the sum of 25,0001. to
D meet Directors
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likely to accrue duringthe current year, yet they say they
are clearly of opinion that a considerable sum will re-
main applicable to the liquidation of debt, to the
replacement, of capital, or the payment ids a divi-
dend. The sum remaining due by the Cdnipany for
loans is 70,000 Z, which it seems is a decrease of 50,0001.
since the half-yearly meeting in October last. There
was little discussion of an interesting character to-day,
but pointed reference was made to the large amount of
34,1891. 175.. 7d., proved for by the Directors against the
estate of Afessre. Acrarnan and Co., being the difference
between their contract price for the Avon and the
Severn, and the sum paid to them for and expended in
finishing those vessels. With respect to the desire ex-
pressed by several of the shareholders to be put in pos-
session of simplified accounts, it was promised on the
part of the Directors that attention should be given to
this subject, as also to proper economy in expenditure.
The report was adopted unanimously, and there ap-
peared to be a much more friendly feeling among the
shareholders, who now appear shortly to expect some
return for their invested capital.

SUN.—After the slight reaction of the morning, oc-
casioned by a few sales to realise upon the great ad-
vance, the Consol Market closed with some firmness at

100 a to I ; Exchequer bills supported the rise, and the
New Three-and-a-Half per Cents. rallied to 104; India
Stock was 294 to i.

Spanish Active -Bonds closed at 268 / ; the Three
per Cents. at 3714 ; Mexican, at 36; Greek at 151 1;
Brazilian, at 80-4-; Peruvian, at 301 to 31; and Dutch
Two-and-a-Half per Cents. at an improvement to 611.
The additional transactions in Railway Shares have
been these :—Chester and Holyhead were 21 ; Great
Western, 35 ; Birmingham, 136 to 135 ; Manchester
and Leeds, 431 ; South Eastern, lf ; York and North
Midland, 68 ; and Paris and Orleans, 158 to 154 pre-
mium ; Eastern Counties hare been 104 ' • and
Strasburg and Bale, 24 to adiscount. London Joint-
stock Bank Shares were 31; and Provincial of Ireland,
New, 7 to 4 premium.