The Sun.
London, England, 1865-07-24 00:00:00

TiONEy MARKET

AN :,

COlvnizßuiAL INTELLIGENCE.

TWELVE o'CLocx.
There is a very general expectation that the rate
of discount cannot be much longer maintained at
its present price-3 per cent. The uncertainty
prevents bankers and brokers negotiating even the
best short-dated paper at the official minimum, and
the consequence is that the greater number of per-
SODS requiring accommodation apply to the Bank,
where assistance can be obtained upon easier terms.
The third report of the directors of the East
London Bank states that the profits for the half year
ending June 30, 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 premises
and Preliminary expenses, enable the directors to re-
Commend a dividend at the rate of 5 per cent. per
annum free of income tax.
The half-yearly meeting of the shareholders of the
13rnk Otacgo was held to-day. The report stated
that the gross profits for the year, after allowing for
bad and doubtful debts, amount to £29,490 48 Bd.
1.0111 which it is necessary to deduct £l,OBO, Os. 10.
the balance carried from the last accoent, £13,623
10e. fo.i the expenses of managemen in London and
for
Zealand, and £6,145, 55. 11d. for interest paid
ler money during the high rates ruling in 1864,
leaving a net profit of £8,641 75. 11d. which
the
iuoirectors recommend shall be appropriated as fol-
Wet :—£soo in reduction of preliminary ex-
penses, £6OO iu4 payment of travelling expenses,
') New Zealand, and £7,334 15s. 11d. towrrds a
dividend at the rate of 5 per cent on the capital
called up to 31st of December last, free of income
tax, and that the remainder, £206 12s. becarried
forward to profit and loss new account.
At the first ordinary meeting of shareholders of
Reuter's Telegram Company, the report, which was
unanimously adopted, stated that there was a pro-
fit of £6,645 10s. 11d. for the six months ending
the 30th June last. The directors, therefore, declare
an interim dividend at the rate of 8 per cent. on the
capital as paid up, which will absorb £6ll 25., and
after payment of all charges and writing off £2OO
from the preliminary expenses, there will remain a
balance of £2,442 5s 2d to be carried forward to the
next account.

It is announced by the London, Chatham, and
Dover Railway Company that in consequence of the
approaching completion of the company's system of
railways the rates of interest on debentures are re-
duced to 5 per cent. per annum on debentures for
two or three years, and 4f per cent. per annum on
debentures for five or seven years.
A prospectus has been issued of the Massa-Car-
rara Marble Company, with a capital of £140,000,
14 shares of £2O, to purchase the quarries near Leg-
horn for £BO,OOO.
The accounts from the various manufacturing
districts for the past week have generally been of a
satisfactory,, character. The woollen trade of Leeds,
aladford, and Huddersfield has continued season-
IY active, while at Manchester a fair export busi-
esB has been done in both cloths and yarns ; for the
1":4e trade, however, there has been a very limited
p(1111rY• The hosiery and lace departments of
e.teester and Nottingham have shown increased
41.unation, while in the hardware district of fir-
alghaca, Sheffield, and Wolverhampton consi-
der
ble activity has prevailed, and prices remain

Two O'CLOCK.
At the Paris Bourse this morning, according to
nß,e,lltcr's telegram, the 3 per Cent. Rentes were
65e. Exci6d.
:t. business in the marklet for English Stocks con-
Ilea extremely inactive. There is no speculation
importance, and theinvesting public show no
4, el
-illation to effect sales or purchases. Consols,
9"loerefore, remain at 89?‘ for money, and at 89i
and the
the account. The New Three per Cents.
891 rie Reduced Annuities have been dealt in at
India 5 per Cents. are marked 1044