The Sun.
London, England, 1864-07-15 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,
• ,71,
CITY, TWELVE O'CLOCK.
The condition of the Money Market remains
firm. The rates charged for the negotiation of first-
class paper continues at 58 and 51 per cent, but the
inquiry for accommodation has only been moderate.
The bills held over till yesterday in expectation of
a reduction in the official minimum, and the fort-
nightly settlement in foreign stocks, railway and
other shares, have no doubt influenced the brokers
to keep up their quotations for a day or two longer.
There was a withdrawal of 40,000 sovereigns
from the Bank yesterday for transmission to
Alexandria.

The shares of the Robertsfors Iron Works Com-
pany (limited) were in demand early to. day at
Flosing at 11 prem. We understand that the capital
stock of the company is being rapidly applied for.
It wi!l be seen from another column that important
and icfluentuti additions have been made in the
board of direction.

The Bank of England return for the past week
contains several important alterations, bat they are
not unfavourable when the present influences now
at work are considered. Tne Government deposits
have been lessened and the private balances in-
creased through the distribution of the dividents.
The repayment of advances has:also diminished the
stock of other securities; the bullion and reserve
of notes also show decrease. Subjoined are the
particulars
:
Active Circulation ..
Increase ..
Bullion .. ..
Decrease ..
Rest

• L 21,572,385
191,010
▪ .. 13,701,112
▪ 229,697
.. 3,411,071
.. 41,283
.. 4,683,803
.. 4,805,327
15,082,716
.. 1,6 L 1,331
.. 688,616
▪ 79,33
.. 11,172,125

Increase •• .. ..
Public Deposits
D,-crease
Other Deposits..
Increase ..

Seven Day and other Bills ..
Increase .. ..
Government Securities
Increase .. ..
Other securities ..
Decrease .. .. ..
Notes Unemployed .. ..
Decrease .. .. ..

•• •• 60,000
.. 20,364,381
.. 2,699,043
.. 6,076,290
411,715

The return issued by the Bank of France is of an
Unfavourable character. The cash has undergone
a diminution of £386,650, the advances of £BO,OOO,
and the current accounts of £712,000. The dis-
counts, however, show an augmentation of £200,000,
the notes in circulation of £820,000, and the Trea-
sury balances of £20,000.
The directors of the Mercantile Credit Associa-
tion, as liouidators of the assets of the company
before the amalgamation with the Imperial, have
just declared a dividend of 355. a share, or equal to
87A- per cent, per annum on the paid•up capital.
The mail from Guayaquil has brought a remit-
tance of £216 133 4d on account of the dividends
on the debt of Ecuador.

During the last few days there has been rather
less animation in the markets for Foreign and
Colonial Produce, Tea has remained dull, while
sugars have declined about 6d. per cwt. Superior
descriptians of coffee have met a lair demand at
steady prices, but in rice, fruit, spices, saltpetre, and
tallow, the operations have been on a very mode-
rate scale, without any material change as regards
values.
The Flintshire Oil and Cannel Company is a
new undertaking, introduc,d for tne purpose of
purchasing the works and property of the Mineral
.oil Company, at Saitney (near Chester), and Lees-
wood, in Fiiatshire, and also of the Try ddyn Oil
and Coke Company. The yield of etude mineral
oil containing paraffin is said to be very large, and
the new company, besides raising it, proposes to
distil and refine it, thus uniting three diffdrent ope-
rations under one management. The capital re-
quired is £500,000 in shares of £5O each, 6,000 of
which are to form the first issue.
Tne directors of the Landon Financial Associa-
tion have issued their second half-yearly report,
which states that " After providing for the current
expenses of the past half-year, writing off the whole
of the costs for repairs, furniture, and fittings to
tho new dams, and carrying forward a rebate of
interest at the rate of 6 per cent. per annum, the
directors are enabled to recommend the piyment
of a dividend at the rate of 5 per cent.
with a
bonus at the rate of 15 per cent.
I),:mran, "to, free of income tax; there will then
In a balance of undivided profits of £21,408
lei 9d to be e
Mr J. arried forward to the next half-year.
E C.manage; hoeh having te3igned the office of
member off this
the association has been elected
board, which election requirestae
'rueconfirmati directo on
ra Il
of
the shareholders at the meeting.
that they have secured
the satisfaction of announcing
secured the servicee of Mr.
Augustus Wady,
as manager."

.... a.m. •=.ll

At Paris, this de Two o'CLocK.
y, "cording
gar cording to Mr. Reuter's
tel,,.gram, the Three per Cent. Rentes Were 661'. 40e.
Firm.

Tao market for English Stocks today bas been
very quiet but firm. Very little business excepting
the settlement of the account which engrosses the
principal share of attention is now in progress, and
the attendance of members shows a falling off, as
be fairly stated to have
the holiday season rhly
commenced. Consols are buoyant at 901 i for
rsoney, and 91 ft for the account. The New Threes