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

MONEY MARKET

AND
com=itclAL INTELLIGENCE,

CITY, TWELVE O'CLOCK.
The condition of the Money Market remains
firm. The rates charged for the negotiation of first-
class paper continues at 5a 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 Robertafors Iron Works Com-
pany (l►mited) were in demand early to• day at
closing at la- prem. We understand that the capital
stock of the company is being rapid!), applied for.
It wi:l be seen from another column that important
and iotlaential additions have been made in the
board of direction.

The Bank of England return for the past week
contains several important alterations, but they are
not unfavourab:e when the present influences now
at work are considered. Toe Government deposits
have been lessened and the private balances in-
creased through the distribution of the dividends.
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 .. • . • • • •
Increase .. • .
Public Deposits • • • •
Decrease
Other Deposits.. ..
Increase ..
Seven Day and other Bills ..
Increase

.. £21,572,385
191,010
• 13,70h112
▪ 229,697
.. 3,411,071
▪ 41,283
.. 4,683,803
• 4,805,327
.. 15,082,746
• 1,611,331
.. 588,616
79,323

Government Securities
Increase ..
Other securities ..
Decrease ..
Notes Unemployed ..
Decrease ..

.. 11,172,125
.. 50,000
.. 20,303,384
.. 2,699,083
.. 6,076,290
.. 441,745

The return issued by the Bank of F-ance 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 1820,000, and the Trea-
sury balances of £20,000.
The directors of the Mercantile Credit Associa-
tion, as liquidators of the assets of the company
before the amalgamation with the Imperia!, have
just declared a dividend of 353, a share, or equal to
87-4 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
lingua have declined about 6d. per cwt. Superior
descriptions of coffee have met a fair 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
mew undertaking, introduced for the purpose of
purchasing the works and property of the Mineral
Oa Company, at Saitney (near Chester), and Lees-
wood, in Flintshire, 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 different ope-
rations under one management. The capital re-
quired is £500,000 in b hares of £5O each, 6,000 of
Which are to form the first issue.
The directors of the London 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 meta for repairs, furniture, and fittings to
the new offices, and carrying forward a rebate of
interest at the rate of 6 per cent. per annum, the
direcbars are enabled to recommend the payment
of. a dividend at the rate of 5 per cent.
With a bonus at the rate of 15 per cent.
"perre„,. ,latnum, free of income tar; there will then
o a balance of undivided profits of £21,408
18s sa to
bocarraie.d forward to the next half-year.
Mr J.
E, C. Koch having reigned the office of
na64naer of
this association has been elected a
mtanber of the
board, which election requires the
confirmation of the h
s areholders at the meeiing.
The directors havethesatisfaction of announcingi
that they have
secured the services of 3 r.
Augustus Wildy, 9 manager'' n
a g „

•••••• 01........•

At Paris, this day, accordin Two o'CLooK.
g to Mr. Reuter's
telegram, the Three per Cent. Rentes were 661. 40c.
Firm.

Tue market for English Stocks
to-day has been
vary quiet but firm. Very little be 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
the holiday season may be fairly stated to have
commenced. Consols are buoy c.nt at 901 ii-, for
Money, and 91 t-- for the aoccuats The New Thren