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

MONEY MARKET

AN f)

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

Decrease

... £22,234,435
... 138,510
... 15,083,367
... 451,099
... 3,460,096

Decrease

-•-
Increase •••
Public Deposits ... •••
Increase
Other Increase
•••
_Decrease
BeTeri Day and Other Bills
Increase ...
Government Securities ...

31,756
4,932,103
..• 341,870
„. 14,894,217
1,335,028
654,971
••• 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
the
of £lBB,OOO in the bullion, of £360,000 in
'no current accounts, and of £24,000.
The Steam Biscuit and Flour Company, the
London City Silver Mining Company, and the Lon-
n 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 com-
Pany 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,
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 122,168 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 7s. 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.
E. 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
tax, 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
New York within the last week have brought
z:eir°4l
nittances amounting to £17,500 on account of
the accruing coupons of this company; it is intended
that a portion of the not earnings shall be remitted
Weekly, and we should be glad to see official notifi-
!_cation periodically by the trustees for the bond-
-lolders of the amount received within each month.
blhe traffic returns for June are not fully made up,
~othere is every probability that they will be
000.

The nineteenth ordinary general meeting of
shareholders of the Bank of London was held to-
day- The report presented stated that the state-
ment of accounts which the directors submitted
'unwed that the balance of profit at the termination
of the past half-year amounted to £66,507 lls. 4d.
is
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,
free a!nounting together to 20 per cent. per annum, both
of Income-tax. The balance, viz., £2,324 ss.
2d•, was transferred to the reserve fund, which, by
such addition, was increased to £302,324 ss. 6d.
During the last few days them has been a mode-
rate amount of business transacted in the Foreign

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.

Two O'CLOCK

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-,13- for money, and 90-,1, for the account.

The New Threes and Reduced Annuities are 89 87
Red Sea Telegraph, 19:T ; and India 5 per Cents.
104 f

The Foreign Stock market shows great heaviness,
and very little business has been transacted. Turkish
are 491 ; Mexican, 23i ; New ditto, 23-tl, ;
Greek, 21-k ; Spanish Passive, 29 ; Certifi-
cates, 13i 141 ; Italian, 64 4 ; and Confederate
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, £l. •
The Foreign and Colonial lines show little
variation.

Bank and Miscellaneous Shares have been in
rather more request. Alliance have improved to
28i 29 ; London Joint Stock have declined to 47 4 ;
London and Westminster to 93- 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, I s 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 4 pm. ; British India
Trust and Agency, 1 11 pm. ; Overend, Gurney,
and Company (Limited), 11 1i pm. ; Belgrave
Mansions, par pm. ; Blakeley Ordnance, 3 1-5 4
pm. ; Metropolis Sewage, 5 6 pm. ; Peruvian Rail-
ways, 5 6 pm. ; Lion Brewery, 14 2- pm. ; Bar-
ned's Banking, par 1 pm. ; Dalbeattie and Kirkeon-
nell Granite, 2 pin.

BRITISH FUNDS—ONE O'CLOCK.
GOVERNMENT FUNDS.
8 per Cent. Consols
Do. Account, Aug 8 9O
o per Cent. Reduced B9i 1
New 3 per Cent
New 2} per Cent. Jan. 1894
Do. 5 per Cent. Jan. 1873
Annuities, 30 yrs, expire sth Jan., 1880
Do. for 30 yrs, expire sth April, 1885_
Do (Red Sea Telegraph), Aug., 1908 194
Exchequer Bills, £l,OOO, 32 per Cent. —pm
Do. £5OO
Do. £lOO and £2OO

Bank of England Stock, 51 per Cent —
Do Account
INDIAN GOVERNMENT SECURITIES.
Indian Stock, 101 per Cent., AprillB74 —
Do- Account
Do. 5 per Cent. July, 1870
Do. Account
Do. 4 per Cent., Oct. 1888
Do. Certificates
Do. Enfaced Paper 4 per Cent
Do. 5 per Cent., Jan. 1872
Do. 51- per Cent., May 1879
Do. 4 per Cent., Aug. 1866
Do. Bonds, £l,OOO. -
Do. under £l,OOO
FOREIGN FUNDS -ONE O'CLOCK.
Austrian Bonds, 5 per Cent, 1859
Brazilian 5 per Cent
Do. 4,1 per Cent., 1852-58-60
Do. 1863
Buenos Ayres 6 per Cent
Do I per Cent. (Deferred 3 per Cent.)
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 £B6 paid
Equador New Consolidated, 1 per Cent —
Do., Provisional Land 'Warrant
Egyptian 7 per Cent 971
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.
Do. 1839 and 1850
Italian 5 per Cent (Maremmana Railway)
1)o 1865
_

94}

1864..

Do Scrip, £67i paid —dis
Do 5 per Cent., 1864 —
Do. Scrip, £55 paid
ilexican 3 per Cent.
Do. Account
Do 1864 —

Do 6 per Cent. Anglo-French
Do French Scrip, Ex. 25f 20c —
Montevideau 6 per Cent., £3O paid
Moorish Imperial 5 per Cent
New Granada —
Do 2 per Cent —
Do Deferred
Do Land Warrants (Hectares)
Peruvian 4 per Cent.
Do Scrip, £45 paid, paid in Bond's — dis
Do 3 per Cent. (Uribarren) —
Do 41 per Cent., 1862
Do. Account
Portuguese 3 per Cent., 1853
Do Account
Do 3 per Cent., 1856, '7, '9, '6O, '62, '3,
Do Account 471
tiussian 5 per Cent., 1822, £ St.,
Do 41 per Cent., 1850
Do 1860

Do 3 per Cent., 1859
Do 5 per Cent., 1862
1864

lo
Sardinian 5 per Cent

Do. Account
Spanish 3 per Cent —
Do Account 4Bf
Do New Deferred —
Do Passive —
Do Account 29 81
Spanish Cert. of Coup not funded —
Do Account l4
Swedish 4 per Cent. —
Do. 41 per Cent. 1864
Turkish 6 per Cent. 1854 —
Do Account 94i
Do 6 per Cent. 1858
Do Account 731:
Do £lOO Bonds
Do. 11 per Cent —
Do 6 per Cent. 1862
Do Account 73 13
Do £lOO Bonds —
Do 6 per Cent., 1863 7Ol
Do 5 per Cent. 1865
Do Scrip, £35 paid
Do Guaranteed, 4 per Cent —
Venezuela 3 per Cent.
Do. 6 per Cent, 1862 —
Do. Account
Dividends on the above payable in London.
Austrian, 5 per Cent., Ex. 10 Florins
Belgian, 41 per cent., Ex. 25f.
Dutch 24 per Cent., Ex. 12 Guil
Do. 4 per Cent. Certificaues French Rentes, 41 per Cent.
Do Account
Italian 5 per Cent., 1861, Ex. 25f.
Do. Account
61
Consols TWO O'CLOCK.
90 1
Do. Account
94*

Liverpool Cotton Market—This Day.

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 who 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
wouldrl: slosihrrn eemo rtaehtnbi
ttnelhegfmelt
etehlm'
et
ahoipeles
it is in respect to the possession of our parish churches) is
b
et
lit glrrrircussehelux:Winnnade
and
dehralleged
ph Eoe
corrupted,rs
Church
proportion
tul satamitbinhetussentt t
influence.
Mno
flmr
T.
ueheneforthceEGladstones
ttaAhb
Establishmentthe
that conflict will thicken, Oxford, I think, will learn to
regret her rude severance from one so loyal to the Church,
to the Faith. and to God."