The Sun.
London, England, 1865-07-22 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

Little business has been transacted in the discount
market to-day, and there is no alteration to report
in the terms upon which bills are negotiable.

About £4,000 in gold was taken out of the
Bank yesterday for export to the Continent.
The Foreign Exchanges yesterday afternoon
were in afew instances slightly lower.
The movements of specie during the past week
have been on a very limited scale as regards the
imports, and which have only amounted to
£82,244 ; while the exports have been to the extent
of £376,190, chiefly to the Continent.
The third report of the East London Bank has
just been issued. The profits for the half year end-
ing 30th June, 1865, after providing for all bad and
doubtful debts, deducting rebate of interest on cur-
rent bills, and writing off an adequate proportion
of the amounts standing to the debit of bank pre-
mises and preliminary expenses, enable the directcrs
to recommend a dividend at the rate of 5 per cent.
per annum, free of income tax. The directors think
it right to add that the number of current accounts,
both at head office and at the branches, have been
and are steadily increasing, and the amount of
Money deposited is much larger than heretofore.
The report of the English, Scottish, and Austra-
lian Chartered Bank, for the half-year ending in
the colonies 31st March, and in London 30th June,
has been issued. It shows a balance of profit of
£22,538, with which the directors are enabled to
declare a dividend of 7 per cent., to write £l,OOO
off premises and furniture account, and to carry
forward £538 to the next half-year. The directors
regret that the necessity has arisen to write off a
further sum to meet the loss from failures referred
to in the former report, but anticipate with con-
fidence that the future profits will admit of an
increased dividend.

Hodges' Distillery Company, requiring a capital
of £200,000, in shares of £25 each, is a new under-
taking of great promise. The association has been
formed to purchase and carry on the well-known
business of Hodges' distillery, which has long en-
joyed a great reputation. The establishment, with
all its current trade, will be handed over to this
Company on the Ist August next, the vendor gua-
ranteeing the company against any loss as to such
of the assets and liabilities as it may be mutually
Convenient to transfer. The arrangements of con-
Version have been carried out by Messrs. Clench,
Smith, and Co., financial agents, who introduce
the undertaking to the investing public.
The Anglo-Greek Steam Navigation and Trading
Company, requiring a capital of £750,000, half of
Which is to be first issued in shares of £25 each, has
been introduced. The object is to provide a regular
line of steamers between London and the East, and
a provisional contract has been made, by which the
directors are enabled to secure, on,unusually favour-
able terms, five new steamers admirably adapted
for this trade. These steamers have been only re-
cently launched, and having been built specially
for the Mediterranean trade, there will be no
difficulty in commencing operations at once. The
Purchase-money will be paid partly in cash, and
partly in shares of the company. It is pro-
posed to run a line of powerful steamers from
London to Gibraltar, Sicily, Malta, the lonian
Islands, and the principal ports of Greece, Turkey,
the Black Sea, the Islands of the Archipelago, the
coast of Syria, and Egypt. The import and export
trade of Great Britain with Turkey and Greece
during the last five years has assumed an extraor-
dinary magnitude. The principal impediment to the
expansion of the trade has hitherto been found in
the want of a direct communication between the
countries ; but as the establishment of this company
will supply the deficiency, there can be no doubt
but that a well-organised steam and trading com-
pany, with ample capital, will command the greater
portion of the trade. The list of directors comprises
several gentlemen largely connected with the com-
merce of the East, and some holding high official
Positions.

Two O'CLOCK.

At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were
67f. 75e. Firm.

In the Stock Exchange markets there is very
little animation. The English funds have been
Particularly neglected, and have declined about
in. consequence, Consols being 898 90 for money,
and 90 for the account. The New Threes and
Reduced Annuities are 89i s ; New 5 per Cent.,
103. ; Exchequer Bills, par ; Bank of England
Stock, 247 ; India 5 per Cent., 1870, 104 ; ditto
Enf aced Paper 4 per Cent., 89.
In the Foreign Market there is very little anima-
tion, and quotations are firm. Turkish 6 per Cents.,
1862, are 73i ; ditto Consolides, 49i 4. ; Mexican,
23i 244. ; ditto New, 231 4. ; Greek, 218 ;
Spanish Passive, 28i 29i ; Certificates, 138 14i ;
Italian, 64 ; and Oonfederate Loan, 79.
Business in the Railway Share Market has con-
tinued inactive, and prices generally are flatter.
North Western have declined ss. ; Great Eastern,
Midland, North Eastern, York, and South Eastern
each 10s.; and Great Northern A Stock, 15s.
The Foreign and Colonial lines remain without
Change of importance.
Bank and Miscellaneous Shares generally are
dull, but, with one or two exceptions, support pre-
vious rates.
Subjoined are the current quotations of some of
the principal new undertakings :—New Issue of
60,000 Preference Shares of £5 each of the Atlantic
Telegraph Company, par 1 pm. ; Northern Assain
a. ea,
Par pm. ; Chubwa Tea, par 4. pm. ; Rus-
sian Iron,
8 10 pm. ; London Bridge Land,
Pra• ; Albert Bridge, 1 11 pm. ; Downs Docks,