The Sun.
London, England, 1865-07-21 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK

The Money Market continues in a rather strin-
gent condition. Bankers have not a large amount
of capital at their commmand, nor is the demand
for it large, but an indisposition is still evinced to
negotiate business below the official rate of 3 per
cent.

The Bank of England return, as expected when
it was ascertained no alteration had been made in
the rate of discount, presents less unsatisfactory
changes. Annexed are the particulars:—
Active Circulation
Bullion

Decrease

... Z 2,234,435
... 138,510
... 15,083,367
... 451,099
... 8,460,096

Decrease
Red

___ ... •••
Increase ..•
Public Deposits ...
Increase
Other Deposits ...
Decrease •••
Seven Day and Other Bilk
Increase ...
Government Securities ...

31,756
... 4,932,103
341,870
... 14,894,217
1,335,028
... 554,971
4,354
10,398,909
No alteration.
Other Securities 20,496,546
Decrease 664,459
Notes Unemployed ... 6,564,445
Decrease
... 253,760
The Bank of France return is rather discourag-
Ing• The commercial bills have been increased
290,000 ; the notes in circulation, £600,000 ; and
the Treasury balance, £lO,OOO ; while a decrease is
shown of £lBB,OOO in the bullion, of £360,000 in
the current accounts, and of £24,000.
The Steam Biscuit and Flour Company, the
-London City Silver Mining Company, and the Lon-
don Quays and Warehouses Company have issued
their letters of allotment.
An extraordinary general meeting of the Conti-
nental Bank Corporation will be held on August 7
to propose a special resolution requiring the cora-
1-Any to be wound up voluntarily.
At a meeting of the creditors of Messrs. Frederick
Levick and Co., of London, and of Messrs. Levick
and Simpson, of Blaina Ironworks, Newport, the
statement of affairs presented by Messrs. Quilter,
Ball, and Co., the accountants, showed liabilities
amounting to £265,416, and assets representing a
considerable surplus, viz., £434,572. A resolution
Was unanimously agreed to for winding up the estate
under inspection.

The half-yearly meeting of the Alliance Bank
took place to-day. The report stated that net pro-
fits of the bank, after deducting interest upon cur-
rent and deposit account, current expenses, provision
for bad debts, and rebate on bills discounted but
not yet due, amounted to £27,653, which it
Was proposed to deal with as follows, viz.:—
£22,168 in payment of dividend, £l,OOO in
reduction of preliminary expenses, and £4,485
to profit and loss account of the current half-year.
The above sum of £22,168 enabled the directors to
recommend a dividend of 12s. 6d. per share on
the 30,000 shares upon which £25 per share is paid,
and 78. per share on the 9,766 shares upon which
£2O is paid, being at the rate of 5 per cent. per
annum.
At the annual meeting of the Whittington Life
Insurance Company, Mr. John Cook and Mr. Jas.
t. Saunders were added to the board of directors,
and it was reported that Alfred T. Bowser, Esq.,
had been appointed managing director and secretary.
The amount received from premiums during the
year was stated to have been £16,590.
The transfer books of the Land Securities Com-
pany will be closed (preparatory to the general
meeting), from Tuesday, the 25th, to Monday, the
31st inst.

In anticipation of the half-yearly meeting, the
report of the directors of the English, Scottish, and
Australian Chartered Bank has been issued to the
proprietors. The directors recommend that out of
the profits of £22,538 17s. 7d. a dividend be paid
at the rate of 7 per cent. per annum, free of income
ts, on £600,000, the paid-up capital of the Bank,
which 'will require £21,000 ; that the premises and
furniture accounts be reduced by £l,OOO, and that
£538175. 7d. be brought forward to the current half-
Year.

The following is extracted from the circular of
Messrs. E. Satterthwaite and Co., relating to the
Atlantic and Great Western Railway :--The mails
fretri New York within the last week have brought
f,"littaaces amounting to £17,500 on account of
the accruing coupons of this company; it is intended
that a Portion of the net earnings shall be remitted
weekly, and we should be glad to see official notifi-
,on periodically by the trustees for the bond-
holders of the amount received within each month.
.Ile traffic returns for June are not fully made up,
but there is every probability that they will be
$500,000.

The nineteenth ordinary general meeting of
shareholders of the Bank of London was held to-
day The The report presented stated that the state-
kent of accounts which the directors submitted
showed that the balance of profit at the termination
of the Past half-year amounted to £66,507 lls. 4d.
This result, after providing for current expenses,
,bad and doubtful debts, and rebate of interest on
bills discounted not yet due, enabled the directors
to declare a dividend at the usual rate of £lO per
cent per annum, and a bonus of £2 10s. per share,
,slllolinting together to 20 per cent. per annum, both
tree of Incotre-tax. The balance, viz., £2,324 ss.
was transferred to the reserve fund, which, by
c.,,11 addition, was increased to £302,324 ss. 6d.
~.s.,uuring the last few days there has been a mode-
"te alnount of business transacted in the Foreign

Two o'CLocic.

Bank and Miscellaneous Shares have been in
rather more request. Alliance have improved to
28i 29 ; London Joint Stock have declined to 47 ;
London and Westminster to 93f 94 ; and Penin-
sular and Oriental Steam to 77.

Subjoined are the current quotations of some of
the principal new undertakings :—New Issue of
50,000 Preference Shares of £5 each of the Atlantic
Telegraph Company, pm. ; Northern Assam
Tea, par / pm. ; Chubwa Tea, par pm. ; Rus-
sian Iron, 8 10 pm. ; London Bridge Land, 1
pm. ; Albert Bridge, ,1 11 pm. ; Downs Docks,
k 1 pm. ; London Quays, 1 1 pm. ; British India
Trust and Agency, 1 11 pm. ; Overend, Gurney,
and Company (Limited), 11 11 pm. ; Belgrave
Mansions, par I pm. ; Blakeley Ordnance, 3 1-5 4
pm. ; Metropolis Sewage, 5 6 pm. ; Peruvian Rail-
ways, 5 6 pm. ; Lion Brewery, 11 2/ pm. ; Bar-
ned's Banking, par pm. ; Dalbe,attie and Kirkeon-
nell Granite, 112 pm.

BRITISH FUNDS—CLOSING PRICES.
GOVERNMENT FUNDS.
B per Cent. Consols
Do. Account, Aug. 8 9O 1 901
o per Cent. Reduced B9l i
New 3 per Cent' B9
New 21 per Cont. Jan. 1894
Do. 5 per Cent. Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth April,lBBs —
Do (Red Sea Telegraph), Aug., 1908 l9l
Exchequer Bills, £l,OOO, 3} per Cent.
Do. £5OO
Do. £lOO and £2OO
Bank of England Stock, 51 per Cent 248
Do Account
LNDIAN GOVERNMENT SECURITIES.
Indian Stock, 101 per Cent., April 1874 —
Do- Amount
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent, Oct. 1888
Do. Certificates —
Do. Enlaced Paper 4 per Cent
Do. 5 per Cent., Jan. 1872
Do. 5-1 per Cent., May 1879
Do. 4 per Cent., Aug. 1866
Do. Bonds, £l,OOO
Do. under £l,OOO — pm
FOREIGN FUNDS—CLOSING PRICES.
Austrian Bonds, 5 per Cent, 1859
Brazilian 5 per Cent
Do. 41 per Cent., 1852-58-60
Do. 1863
Buenos Ayres 6 per Cent
Do I per Cent. (Deferred 3 per Cont.)
Chilian 6 per Cent
Do. 41 per Cent.
Colombian 6 per Cent.
Cuba, 6 per Cent.
Danish 3 per Cent., 1825
Do. 4 per Cent., 1863
Do. 5 per Cent., 1773-77, £25 paid
Danubian Principalities
Do. Account
Do.£B6paid
Equador New Consolidated, 1 per Cent —
Do., Provisional Land Warrant
Egyptian 7 per Cent
Do., Second Issue
Do £lOO Bonds .
Do.
Do £lOO Bonds .
Greek 5 per Cents., 1824-5, ex Coupons
Do Account
Do. Coupons
Do. Account
Guatemala 5 per Cent.

1864.

Do. 1839 and 1850
Italian 5 per Cent (Maremmana Railway)
Do 1865
Do Scrip, .£67i paid — dis
Do 5 per Cent., 1864
Do. Scrip, £55 paid
Mexican 3 per Cent. 241 4
Do. Account
Do

1864

Do 6 per Cent. Anglo-French
Do French Scrip, Ex. 25f 20c —
Dlontevidean 6 per Cent., £3O paid
Moorish Imperial 5 per Cent
New Granada
Do 2 per Cent
Do Deferred
Do Land Warrants (Hectares)
Peruvian 41 per Cent.
Do Scrip, £45 paid, paid in Bonds dig
Do 3 per Cent. (Uribarren)
Do 4i. per Cent., 1862
Do. Account
Portuguese 3 per Cent., 1853
Do Account
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
Do Account 47i i
Kussian 5 per Cent., 1822, X St.,
Do 41 per Cent., 1850
Do 1860 —
Do 3 per Cent., 1859

Do 5 Per Cent.; 1862
Do 1864
Sardinian 5 per Cent

Do. Account
Spanish 3 per Cent
Do Account 4B} +
Do New Deferred
Do Passive
Do Account 29 8f
Spanish Cert. of Coup not funded 77:

_
Do Account l4
Swedish 4 per Cent. —
Do. 4} per Cent. 1864
Turkish 6 per Cent. 1854 —
Do Account 944
Do 6 per Cent. 1858 —
Do Account 731
Do £lOO Bonds 7B 9
Do. 1.1 per Cent —
Do 6 per Cent. 1862 —
Do Account • 73 -/ 3 I
Do £lOO Bonds 73/ 4 31
Do 6 per Cent., 1863 7O
Do 5 per Cent. 1865
Do Scrip, ..£35 paid
DO Guaranteed, 4 per Cent
Venezuela 3 per Cent. —
Do. 6 per Cont, 1862 —
Do. Account
Dividends on the above payable in London.
Austria; 5 per Cent., Ex. 10 Florins
Belgian, 41 per cent., Ex. 25f. Dutch 2} per Cent., Ex. 12 Gail —
Do. 4 per Cent. CertificaLes
French Rentes, 4} per Cent.
Do Account
Italian S per Cent., 1861, Ex. 25f.
Do. Account
641
Consols THREE O'CLOCK.
4 Do. Account
90*I

Liverpool Cotton Market—This Da

Market quiet Sales, probably 5,000 bales.

DR. PUSEY AND MR. GLADSTONE.—The Rev. Dr.
Pusey, the Regius Professor of Hebrew, has ad-
dressed the following letter, in reference to the late elec-
tion for the University of Oxford, to the Editor of the
Churchman, a paper which ably represents the political
party to which Mr. Gathorne Hardy, the new member for
the University, belongs :—" You are naturally rejoicing
over the rejection of Mr. Gladstone,—which I mourn.
Some of those ','ho concurred in that rejection, or who
stood aloof, will, I fear, mourn hereafter with a double
sorrow because they were the cause of that rejection. lof
course speak only for myself, with whatever degree of an-
ticipation may be the privilege of years. Yet on the very
ground that I may very probably not live to see the issue
of the momentous future now hanging over the Church,
let me, through you, express to those friends from whom I
have been separated, who love the Church in itself, and not
the accident of its Establishment, my conviction that we
should do all to identify the interests of the Church with
any political party ; that we have questions before us com-
pared with which that of the Establishment (important as
it is in respect to the possession of our parish churches) is
as nothing. The grounds alleged against Mr. Gladstone
bore at the utmost upon the Establishment. The Estab-
lishment might perish, and the Church but come forth the
purer. If the Church were corrupted, the Establishment
would become a curse in proportion to its influence. As
that conflict will thicken, Oxford, I think, will learn to
regret her rude severance from one so loyal to the Church,
of the faith, and to God."

and Colonial Produce Markets. Tea at public
sales slightly declined, while sugar and coffee have
generally maintained former rates. Rice has been
in more request, at full prices ; while in saltpetre
and tallow there has been hardly any business re-
ported, and quotations tend downwards.

At the Paris Bourse this morning, according to
Reuter's telegram, the 3 per Cent. Rentes were
67f. 55c. Rather firm.

The English Stock Market continues inactive and
depressed. The dealings recorded are exceedingly
limited, and a few sales have caused Consols to
recede to 90* for money, and 90* for the account.
The New Threes and Reduced Annuities are 891 e ;
Red Sea Telegraph, 19/ ; and India 5 per Cents.,
1041

The Foreign Stock market shows great heaviness,
and verylittle business has been transacted. Turkish
are 491 4 ; Mexican, 23i 24g. ; New ditto, 23if 8 ;
Greek, 24 ; Spanish Passive, 284 29 ; Certifi-
cates, 13i 141; Italian, 64 f ; and Oonfederate
Loan, 79. American Securities are buoyant—
United States Five-Twentys being 711 72 ; Erie,
531 54 ; and Illinois, 891 90.
In the Railway Share Market business has
continued very quiet, and prices have in some
instances shown increased depression. Lancashire
and Yorkshire, and North Eastern (Berwick), and
North Western have each declined ss. ; Great
-Western, 10s. ; Manchester, Sheffield, and Lincoln,
and Midland, 15s. ; and Brighton, IL
The Foreign and Colonial lines' show little
variation.

tralasian

Cam Como'. liold, lira
I Chtverton

Clifford Amalgamated.
Devon G. Cons. (Taoist
Drakewalls

II M.

'East Bassett (Mogan)
East Caradon

as t Carn Brea
East Grenville

(East Loved.

- E. WI Russell (Tavlstk
- Gam. &S tA übyn(G wen.
4 Great L ixey, limited
- Great South Tolgus
- G. Wheal Vor (lielst in
- Grenvil:e
- Ilerod's
- RingstonsDowns.
- Margaret 4ljnyPLelant
- Clarke Valley
4 Itwyndy Iron Ore, Um
- Nangl les
- New Se ton

North Downs
North Roskear
N.Wh'l Bassett (Mogan
North Wheal Crotty
Prosper United
Prvldenee tiny Lelant
S. Caradon (St. Cleer)
S.Wheal Fran. (Illogsn
Stray Park .
Tin Croft
West Passett (Mogan
W. Caradon (L skeard
West Chtverton

West Seton
Wheal Bassett 'Mogan
Wheal Buller (Redruth
Whea Ludoutt

Wheal Mary Ann (Men ,
Wheal Seton

IWheal Trelawney (Ida
Wheal Uni0n........,,

2.1.0

211
3
321
3.10.6
2.8.0
7.1.6
10.6.;
li
18.18.9
30.17.6

74 8
25 27
585 600
1
18 20
12 13
6 01
21 2
13: 11
34
2 4
19 20
24
31125 32i
3
41 43
2: 3
2i t. 3
51 54
23 14
16 18
35 46

• r-ry
, .

3,12. E
8
584

13 15
I
1 11
21 3
32 35
490 500
15 2;
is 15
161 171
6i 741
8 101
75 3I
180 190
85
15 20

1 16,1 14
2001 20153

I'HEIFERENCE &RAMO.
Great northern, 5 per cent.. 113}
Great Western, 4 per cent. irred , 84
Lancaster and Carlisle 4i per cent. of., 101 3
Manchester, Sheffield, and Lincoln, 31 per cent.. 88
North Eastern, York. li. and Selby purchase, 10}

LINES LEASED AT FIXED RENTALS.
London and Chatham, 44 per Cent.,
Ditto, Corn. Fund stock 5 per cent.,
FOREIGN MINER,
Cape Copper, Um., ICI

BANKS.
Agra and Masterman's. lim., 57 65
Alliance. Um- 29 84 9 4
Ditto, issued at 20 pin., of which 20 is paid., 225 35
Anglo Austrian, 75
Australasia, 74
Bank of Egypt, 314
Bank of London. 143 I - •
Bank of Queensland, lim, 205
Chartered Bank of India, Australia. and China. 26
Chartered Her. of India, London, and China, 475
Colonial, Um., 40 5
Consolidated Banx, lira., 105
European Bank, lim., 12
Imperial Bank, lim.. 295
Imperial Ottoman, 155
London Bank of Mexico and S. America, lim., 11 5
London Chartered Bank of Australia, 25
London and County, 755 65
London Joint Stock, 47
London and South African, 19
London and Scuth- Western, lint, 21
London anti 11 estminster, Di 35
Metropolitan and Provincial Bank, lira., 15
New South Wales, 4'5
Oriental Banx Corporation. 535
Union of Australia, 635 21
Union of London, 51 604 II
MISCELLANEOUS.
Atlantic Telegraph, 8 per cent. gua., 54 3 51
Crystal Palace, 39
Crystal Palace, 6 per cent. perpctl. deb 113
Discount Corporation, 110 I
East India Irrigation anti Canal.:64
Ebbw Vale, 13 lek
Egyptian Com. and'Trading, lim., 24
English and Scottish Marine, Urn., 4f
Fairb drn Eng.neering, 65
Fore-street Warehouse, lim., 9;
Hudson's Bay, 155
Indian Carryin,g, lim., 5
International Financiai boelety, lim.,'6
Joint Stock Discount, lim.. I -
London Financial Association, ltm.; 22 5
London General Omnibus Company, 35
Madras Irrigation and Canal,
Ditto (all), 11,5
Mediterranean Extension Telegraph, lim., 45
National Discount t. ompany. lim., 155
Ottoman Financial Association, lim., 81
Peninsula and Oriental Steam, 77 8
Upper Assam Tea, lim., 8

The Melbourne Cricket Club has fallen intodiffi-
culties. ft is nearly £6OO in debt ; has lost its best pro-
fessional men and has got into general disrepute.—Aus-