The Sun.
London, England, 1865-09-01 00:00:00

XONEY MARKET

AN C)

COMMERCIAL INT ELLIGEN

_---•ate_. - --

TWELVE O'CLOCK.
The Money Market continues in an easy condi-
tion, and 34, with exceptional operations at 3i per
cent., remains the general quotation. A larger
inquiry for accommodation has been experienced,
but the tendency is still favourable.
The Bank of England return is very favourable,
the reserves of bullion and notes having been
largely increased. Annexed are the particulars
Active Circulation ....£21,598,060
Decrease 178,065
... 14,489,612
268,483
3,508,037
796
6,094,785

tullion

- ...
Lest Increase

••• ••. •..
Decrease .••
Public Deposits
Increase
Other Deposits '"
Decrease ••• •••
Seven Day and Other Bills ... •••
Increase
Government Securities ... •.. "'

512,512
... 14,492,034
222,551
534,621
140
. 10,384,209
No alteration.
Other Securities 21,256,716
•• COO •••
Decrease .•.
... 157,213
Notes Unemployed ... ... 6,617,805
Increase ••I ••• ••• 473,155
The Western Union Telegraph Company of the
United States, through its agent in London, Mr. F.
C• G. Ritso, has made a contract for the supply of
5,000 miles of telegraph wire to be shipped to Van-
couver and Sitka, for the building of the Russo-
American telegraph line, which is to unite the two
continents by way of Behring's Straits.
The English Joint-Stock Bank have taken over
the business of the Nottinghamshire Bank (Messrs.
kart, Fellows, and Co.), established in 1808. Mr.
Fellows joins the Board, and the management of
the branch at Nottingham'has been confided to Mr.
Russell, many years in the latter bank.
The Venezuela Six per Cent. Loan, 1864.-The
General Credit of Finance Company of London
(Limited) are in receipt of advices from their agents,
IVlessrs. R. Boulton and Co., dated La Guaira,
Aug. 9, 1865, of duties collected as follows, on
account of the above loan :-Per statement, No.
53, from Puerto Cabello, $10,150.56 ; per state-
ment, No. 54, from Puerto Cabello, $2,184.35 ;
Per statement, No. 41, from La Guaira, $4,930.51 ;
Per statement, No. 42, from La Guaira, $20,254.64;
total, $37,520.06.
During the last few days there has not been much
animation exhibited in the Foreign and Colonial
Produce Markets. For tea, however, there has been
a fair inquiry for shipping descriptions, buyers have
remained without any material alteration as regards
Prices, while inferior descriptions of coffee have
been at slightly reduced rates. Rice has continued
,_t4 moderate demand at steady prices, while there
has been rather more doing in tallow, and quota-
tiens for both present and forward delivery show
increased buoyancy.
•A• meeting of the creditors of Messrs. Scott, Bell,
4" Co., East India merchants, whose suspension was
recently announced, was held yesterday under the
Presidency of Mr. Finlay, who called upon Mr.
Coleman, of the firm of Coleman, Turquand,
Youngs,
and Co., to lay a statement before the
~,eeting relative to the affairs of Messrs. Scott. Mr.
~`-'elernan said he had gone over the books of the
rn, and made out a separate statement, which
called a balance statement, as shown by the
books of the firm, which would be in the hands of
1,4" gentlemen present; and also a second, which
'e called a statement of affairs. The balance state-
ent showed a total liability or indebtedness of
j 1487,592, and on the contra side there was
0;,515329. That was the true state of affairs as
°wll by their books. Their affairs stood thus
T 0
creditors on undrawn accounts, £67,985 13s. Bd. ;
creditors on bills payable, £970,230 9s. 10d., from
hieh must be deducted securities held on
amounts to be provided for by the drawers, &c.,
743,228
Bs. 2d., leaving £227,002 Is. Bd. to rank
:,132011 the estate. Creditors partially secured claim
'286 7s. 3d., and there was security to the
amount of £1,493. ss. 3d., leaving, a claim of
'93 2s. Creditors fully secured had a security
Imounting to £75,751 17s. 10d., with a claim of
13'72,547 3s. 11d., so that on that item there would
eer, a surplus to be carried to contra account of
'0,204 13s. 11d. There were liabilities on bills
V 74,182 19s. 7d., all of which were expected to
t•e duly met at maturity, so that the total
Mes were £295,780 17s. 4d. On the other side
ere were-Cash at the Bank of England, £53 ;
ellon hand, £8,676 16s. 9d. ; property share in
gkar estate, &c., £14,250 ; debtors, good,
(1'9,101 lls ; debtors, doubtful, £10,058 6s. 6d. ;
bad, £959 12s 10d. ; balances on shipments
ards, £6,154 12s. for advances ; surplus seen-
131es in hands of creditors as per contra, £3,204
fr 8•
lid., making a total of £61,349 13s. 10d. ;
Okithat, however, must be deducted cre-
J°l's under £lO to be paid in full, such as salaries
,sud so forth, £350 12s. id ; leaving a balance of
7vailable assets of £60,99015. 9d. There were balances
shipments outwards, £9,789105. 9d. for shipments
which had gone out to the various foreign correspon-
dents. There was an amount due from Messrs. Dow
and CO., on old account, of £81,984115. 10d. ; and
43,034 7s. 3d. on new account, the difference in
Which arose from Mr. Dow some time since taking
a' Partner into his business, and the item of new
aeeount represented the sum due on transactions
face that time. Mr. Dow was quite confident that
eoltinle were allowed him his estate is perfectly
perve,l4. Immediately upon hearing of the sus-
,3e,,l,s'on of Messrs. Scott, Bell, and Co., Mr. Dow
pe4l:_iout instructions to his agents abroad to sus-
a immediately, so that the creditors should have
kitrefereuce. Then there was an amount of
00 37,719 6s. 3d., due from Watson, Bogle, and
for.4' ill respect to whose affairs they had every in-
-lati°n.
, The goods had been selected and sent
ae,,,"° the Bombay market. In making out that
eeitint lie had deducted 33 and one-third per
Ravn and the result gave £137,000. Those items
hae a total of assets of £323,517 17s. 10d. If he
the committed an error it was in under-estimating
nvalue of the estate. It had been the wish of
• 'NI that the creditors should be in no wise
e and having gone over the various items
vab,°ll4l assure gentlemen that there was true
eelcte for the amount stated. £172,000 of the ac-
lia4nces had been cancelled, and they had in
await,remittances to the extetit of £42,000, only
trio rag the appointment of inspectors to be dis-
ask 'u amongst the shareholders. The firm now
•
ntid, thin e mettmg to allow them to liquidate
10 rep inspection. Some discussion ensued, and
14.4 to a question put by Mr. Argles, Mr. Cole-
f 'dad that in his examination of the estate he
eq4d
thorn nothing inconsistent with fair, open, and
tick% uglily legitimate trading. Eventually resolu-
sh Were unanimously adopted that the estate
ing %la b
4 e liquidated under inspection, and appoint-
kehare,ssre• J. P. Sweetland, F. W. Lawrence, and
Spooner, inspectors.

At the Two O'CLOCK.
RQ
Paris Bourse this morning, according to
641.'4° 8 telegram, the 3 per Cent. Renter were
Thll-I,?riglisla Stock Market has remained steady.
Ye:l,-"et of the favourable Bank return having, as
co,l,iad but little influence upon prices. Consols
50 `lllue at 89a
for money and account, and a
.44141 °l' October. The New Threes and Reduced
Aar 4Tti" are 89i ; Exchequer Bills 3s. dis. to
FOrei "lidia 5 per Cents., 105.
gn Stocks are very firm. Turkish Conso-
Loan t 48i 49 ; Mexican, ex all, 24 ; the New
the 0-'"i ; Greek, 20i- ; Spanish Passive, 29i ;
Coliflrtificates, 14i ; Italian, 64i ; and the
euerate Loan, 7 9.
hav4c, beenthe Railway Share Market the operations
few- to a moderate extent, and owing to a
have s,eelllative sales prices in several instances
llavel3,l4°wli less firmness. North Eastern (Berwick)
andarid fl'eclined ss. ; London and Brighton, 10s. ;
Northern and Midland, each 15s. ;
Irvoevsetde
each rns
s.
and South Eastern, however,
A
--raerica
deruaro oecurities are buoyant, and in good
m• Atlantic and Great Western Certificates