The Sun.
London, England, 1845-01-17 00:00:00

963 1311

Total .... ......... ..... 1109

MONEY MARKET and CITY NEWS

FROM TUB MORNING PAPERS OF THIS DAT.

CITY, THURSDAY EVENING.

- •
TIMES.—The English securities still continue flat,
and the amount of business transacting is small. Consols
left off 99i to 100 money, and 100 to for the next ac-
count. One cause assigned for the depreciation which
this stock has lately undergone is the sale of it for re-
investment in the Three-and-a-Quarter per Cent. An-
nuities, which command considerable attention in con-
sequence of the higher rate of interest they bear, and
their security against reduction for at least the next ten
years. These circumstances, while on the one hand
operating against Consols, give on the other increased
firmness to the Three. and-a-Quarter per Cent. An-
nuities.

The following notice has been published to-day by the
Directors of the Bank of England:—
" The Governor and Company of the Bank of Eng-
land are ready for the present time, and until further
notice, to receive applications for advances on the secu-
rity of bills of exchange not having more than six months
to run, Exchequer-bills, East India Bonds, and other
approved securities. Such loans to bear interest at the
rate of 21 per cent. per annum, and to be repaid at
periods to be fixed at the times of advance; but such re-
payment not to be later than the 11th of April next, and
the loans to be for not less than 2,0001. each. '
This is a further exposition of the policy intended to
be pursued by the Directors, and a more complete de-
parture than by any act they have yet done from their
former character of regulators of the currency. The
notice is intended to be received, no doubt—though it is
not so expressly stated—as a termination of the regular
quarterly notices for giving aid to the money-market
during the shutting of the different stocks for the divi-
dends. Henceforth, what is declared in this notice is to
be received by the public as the uniform practice of the
Bank, subject only to such variations as the fluctuations
in the value of money may render expedient, and which
may then become the subject of a similar notice. It
may be safely stated, however, that the Directors are
not sorry to have a decent pretext for getting rid of this
arrangement, which always formed a species of anomaly
in money matters, being, in effect, only doing by public
notice that which they were understood to be at all
times ready to do for parties whose credit rendered
them competent for such accommodation. The notice
is satisfactory, perhaps, in another point of view, as in-
dicating a still further separation of the Bank of Eng-
land from the Government.

A dividend, at the rate of 6 per cent. per annum, was
declared at the meeting of the Shareholders of the
London Joint-Stock Bank held to-day. The report was
highly favourable, the net balance divisable being
18,305/. 16s. ld. The guarantee fund now stands at
90,8561. Ss.
Connected with the present mania for railways a
great alteration has taken place in the aspect of the iron
trade, and such is expected to be the demand, not only
for home, but also for foreign and colonial, consumption,
that prices are gradually advancing, and the principal
ironmasters are sanguine as to the future. Nearly all
the makers are said to be full of orders, and further con-
tracts are taken with much caution.

SUN.—English Securities leave off a shade better than
in the morning, though with no decided improvement.
Consols have been 99/ to par ; Bank Stock was lower,
2101 ; New Three-and-a-Quarter per Cents. obtained 1031
to 104 ; and the Three per Cents. 1001 to 1.
The Foreign Bonds have been very quiet ; Spanish
Three per Cents. rallied a little, being 371 1; the Five
per Cents. were not higher than 26i to 4 ; Portuguese
Converted were 591; Colombian, 141; and Dutch Two-
and-a-Quarter per Cents. 63i
The additional transactions in Railway Shares have
been these : —Birmingham and Gloucester were 10 ;
Bristol and Exeter, ; Bristol and Gloucester,
13; Cambridge and Lincoln, 2 ; Chester and Holy-
head, 1; Great North of England, 48 to 50 ; Great
Western, 89; Ditto, Half, 49; Birmingham, Quarter, 26;
Brighton, 1-k ; South-Western, 391; London and York,
14- to 1/ ; Midland, 27; Ditto, New, si; Newcastle and
Berwick, 71; Richmond and West-end, 2i; Shrewsbury
and Birmingham, -/ to 4; South-Eastern, 9i i; Ditto,
New, 12 to 111; South Wales, 1; Trent Valley, 7; Great
Northern of France, 11; Orleans and Vierzon, 9; Ditto
and Bordeaux, 6 to /..; Paris and Lyons, 11; Paris and
Orleans, 24/ 1 ; and Paris and Rouen, 21 premium.
Eastern Counties have bean 8i i; and Greenwich, 11
discount. London and Westminster Bank Shares were
71 premium.

IMPORTATION OF SEED.—The Commissioners of
Customs having had under their consideration the report of
the practical officers on an application, requesting that
Niger seed, Teel seed, and all other seeds not particularly
described or enumerated in the tariff, commonly made use
of for expressing oil therefrom, may be permitted to be
landed at the first-class sufferance wharfs, orders have been
issued that the seeds above-mentioned be added to the list
of articles allowed to be landed at first-class sufferance
wharfs as requested, of which the revenue officers at the
several departments have had notice, for their information
and government.
LETTERS OF A GERMAN COUNTESS.—We are re-
quested to state that Mr. Colburn, of Great Marlbo-
rough-street, has this day published " Letters of a Ger-
man Countess, written (luring her Travels in Turkey,
Egypt, the Holy Land, Syria, Nubia, &c., in 1843-41,"
by Ida, Countess Hahn-Hahn, i❑ 3 vols. post Bvo., price
31s. 6d. bound, which can now be had of all Book-
sellers. Mr. Colbura has also just published the
following new works :-2. Adventures of an Officer in
the Service of Runjeet Singh, by Major Lawrence, Ben-
gal Artillery, 2 vols., with portraits, 21s. bound.-3. The
Crescent and the Cross ; or, Romano, and Realities of
Eastern Travel, by Eliot Warburton, Esq., 2 vols., with •
illustrations, 255. bound.-4. Colonel Maxwell's Ad ven-
tures, 2 vols., with portraits, 21s. bound.-5. Revelations
of Russia, by an English Resident, 2 vols., with illustra-
tions, 245. bound.-6. A Journey Overland from India
across the Desert, by Major and Mrs. G. Darby Grif-
tith, 2 vols., with 25 illustrations, 21s. bound.

IRELAND.
CONCORDAT WITH THE POPE.

LETTER FROM THE LORD-LIEUTENANT OF
IRELAND TO ARCHBISHOP MURRAY.

DUBLIN, JAN. 15.—The Dublin Evening Post con-
tains a most important communication from the Lord
Lieutenant to Archbishop Murray, completely contradict-
ing the rumours as to a negotiation between the British
Government and the Court of Rome for a concordat :
" Mountjoy-square Jan. 15, 1845.
"My dear Sir,—l have just had the honour of re-
ceiving from his Excellency the Lord-Lieutenant an im-
portant communication, of which I beg to inclose a copy,
in the hope that you will have the goodness to give it a
place in your next publication.
" I have the honour to be, my dear Sir,
" Very faithfully yours,
" F. W. Conway, Esq." " pq D. MURRAY.
(Copo.)
" Vice-regal Lodge, Jan. 15, 1845.
" Lord Heytesbury presents his compliments to Arch-
bishop Murray, and begs to inform him that he has been
instructed to give to him and to Archbishop Crolly the
strongest assurances, on the part of the Government,
that there has never existed the slightest intention of
entering into any negotiation with the Papal See upon
the subject of a concordat."
THE BEQUESTS ACT—THE ROMAN