The Sun.
London, England, 1867-04-26 00:00:00

ti AAPKET

AND

COMMERCIAL tNVILLIGENCII,

TWELVE O'CLOCK.
A very steady business is reported in the dis-
count market, and there is some activity, inducing
bankers and bill brokers to attempt an advance of
terms. Affairs for a considerable period having
been stationary the slightest movement is a feature,
go there is much said of the outside market mini-
m. uas m being 24 instead of 2i per cent. Capitalists,
king.an infinitesimal increase of rate naively
r,fer to the outflow of gold to the Continent, and
the, large sum kept in the country instead of being
sent:to London, and adroitly disguise the fact that pro-
viiielal supplies would be unprofitable to remitters
14en the metropolitan supplies exceed require-

llients,

A very mo lerate amount of business has been
transacted in the Foreign and Colonial Produce
Markets since the reopening of tha Easter holidays,
but prices generally have been steadily maintained.
Sugar sold at former rates. For coffee there has
been a fair demand at in some instances barely pre-
vious quotations ; while rice, owing to the smallness
0! Stocks on hand, is held for enhanced prices. Tal-
low has been in better request, but without material
change as regards values.
At a meeting of the shareholders of the Australian
.alortgage, Land, and Finance Company, held to-
(lay, the payment of a dividend, free of income-tax,
fort the six months ending Dec. 31, 1866, at the rate
of 1
t 0 per cent, per annum (making a total of 10 per
cen. for the year) was declared.
We take the following from the American, com-
menting upon International Postage :--‘, It is no
longer necessary to pay enormous subsidies for rapid
ransmission. If this be doubted, let us have an
unlimited mail at a penny a letter, and a limited
ail at any price from a sixpence to a sovereign, and
then the respective earnings of the two will show
rich has the preference of the public. But in these
thaYs of
unsubsidized freight and passenger steamers,
0 e mere statement of the proposition is enough. Any
thne who has studied the matter at all would say
t at the penny rate in the unlimited mail would bo
highertiY self-supporting but profitable, while the
note
rate, competing, with a penny post, could
e,t he made to pay one-fourth of its expenses at any
price, Postal revenues should be matters of secon-
-47 consideration when the intercourse between
any nations is involved. But in this case we can bring
eßYreasonable amount of evidence from past
viptherience to show that the revenue would increase
every reduction till the maximum revenue
_!ltithe minimum
postage might possibly be reached
at,. penny letter.
res."'tngland and the United States are equally inte-
rested lane
in cheap International Postage. Their unity
matteangnage and community of peoples, make it a
rof especial importance to them. A vast cone-
-B_l),oudence would spring up if all in the one country
`evno have relatives in the other could write when-
knowheY would at the cost of a penny, the mutual
cre edge of the peoples would be greatly in-
-0 info) and each would improve much in the
atrii°ll of the other upon better acquaintance ;
eoilLfirnat and dislike would gradually give way ;
dence and good feeling would predominate
more
and more ; the old commerce would be
would Y augmented, and new opinions
vtvi'llinid constantly occur; and we might even hope
for trade
wat hi all these various ways dirt two countries
2111 d gradually become so bound together that no
adness of their rulers could plunge theminto
by war, or prevent their standing, ever side
guar
Y side, like true mother and daughter, in the van-
d of civilisation."
A withdrawal of 8,000 took place at
of Enc,l the Bank
b and Yesterday afternoon.
"-i,ue Bank of England return for the past
ite•e- shcrws no very important changes, althoughbl
liolB generally of a favourable character. The
of
t5ll Ilan
n
co, "'Y bean decreased to the extent -
°'-°,, while the reserve of notes shows an aug
mynta.tion
roll off of £205,425. The other securities have
to the extent of £275,1661 while a large
re,e'eaE/`3 shown in the public deposits, and a cor-
aponding decrease in the private balances. An-
dlll,e4,, ark; the particulars
.£4 315,829 Increa" £947,563
/4„" l'aposits 17,833,892' Decrea5e...916,625
_
, •.•
3,113,149 lncrease ... 4,330
the other side of the account :
oi, "rnMent Securities £12,876,158 No alteration.
44r Securities . 18,219,706 Decrease... 274,166
(33nnomployad 10,100,880 Increase ... 20542_5
a 1‘ amount of notes in circulation is £23,125,380,
-n'eerease of £321,615 ; and the stock of bullion
both departments is £19,336,927, showing an
erease of £60,587, when compared with the pre-
vious return.
At a meeting held to-day of the Land Mortgage
13ank of India, the report of the directors showed
a balance in favour of the bank of £23,091 18s. 11d.,
and a dividend of 4 per cent. per :annum was
declared.
The third annual general meeting of the share-
holders of the International Land Credit Company
(Limited) will be held on the 16th of May next.
The return of the Bank of France for the pact
Week, as compared with the former report, shows
the following alterations :—There has been an
increase of £316,000 in the cash, of £380,000 in
the commercial bills, of £B,OOO in the advances,
and of £1,560,000 in the current accounts ; but the
notes have decreased £312,000, and the Treasury
balance £666,667.

Two O'CLOCK.
a According to Reuter's telegram from Paris to-
may, the French Rentes were 65f. 70c. Very firm.
t,°a Monday next a call of £5 will become due on
.ue Scinde Railway, Delhi shares, the aggregate
4111011 Q of which is not known.
An advance of 1 per cent. has taken place in the
market
for consols, which are now quoted at 901
4,11-, for transfer and the account. This improve-
frent is occasioned by less discouraging telegrams
°ll'l. Paris and Berlin, and hence a less warlike
fe
Breamg in speculative circles. Experiencing an in-
4..fied demand for stock, dealers, as is their wont,
:e
4nanaturally inclined to run up prices even to the
allest fractional amount.
T
he New Threes and Reduced Annuities are 89
2;7 Bank of England Stock, 251 253 ; India Stock,
91 ,ditto
5 per Cents., 110 1 ; ditto 4 per Cents.,
di t ditto
EnfaCed 5 per Cents., 1021 1031; and
i° einds, 525. prem.
has-Ln the Foreign Stock Market increased firmness
bee Prevailed, and a further slight advance has
151.4 exhibited. Mexican Stock has declined 1, to
spiall ; while Italian have improved 1, to 451;
ceiatsh Certificates 1, to 121 1 ; Turkish 5 per
31dis. I. to 271 1 ; and Russian Scrip 1, to 34
Ns, Coationed buoyancy has prevailed in the Rail-
ullY Share Market, but the dealings are not very
~,afyialePils, the dealers and speculators being en-
treat with the usual half monthly settlement.
reat ,with
and North Western have each ad-
Shairi„eed ; Great Western, Lancashire and York-
s "e, Metropolitan, North-Eastern (Berwick), and
while each 1 ; and Great Northern 1 ;
Caledonian have declined 1.
..,e1 he Foreign and Colonial lines are in fair
LIG tnand, and prices also show an upward tendency.
reat Luxembourg have improved to 81 ; South-
Ustriam and Lombardo-Venetian, to 131 141 ;
aEast Indian
are firm at 1071 1071 ; and Bombay
" Earoda, at 1011 102.
Anaerican Securities are generally firmer. United
tates 5-20 Bonds have improved 1, to 691 1 ;
trie Bhares, 1;, to 37 ; and Illinois Shares,
_3 74 75. 41 -
thAt!a/r1 tic and Great Western Railway Debentures
--atu steady at 30 31, and the Consolidated
i°rtga's Bonds at 20 21.
b Bank Miscellaneous Shares remain very quiet,
ut in most instances maintain former rates, Bank
8-- Egypt being dealt in at 33, Atlantic Telegraph
- Per Cents. at 901, and National Discount Com-
pany at

MINING MARKET.
'FRIDAY EVENING.
very moderate amount of business has been