The Sun.
London, England, 1867-03-28 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK

Pending a revival of trade, or the resuscitation of
some new fashioned speculative enterprise, the
Money Market is excessively easy. From present
symptoms it may be judged that for a time greater
ease will be experienced on the payment of the
April dividends, which will release several millions
sterling. To-day the market is very quiet, and its
terms are just per cent. under the minimum of
the Bank.

At the Bank of England yesterday there was a
further influx of £37,000 in gold.
The Sarah Erice has arrived from Australia with
gold to the amount of £11,908.
It is notified that the debenture coupons of the
East India Land, Credit, and Finance Company,
due March 30, will be paid on and after that date at
the London and Westminster Bank.

A few of the principal dealers in the Confederate
Cotton Loan Bonds have given notice that all trans-
actions after the 29th instant must be in bonds
that bear the committee's stamp that 1-16th per
cent. has been paid towards the expenses of the
committee.

Atlantic and Great Western Railway Deben-
tures remain steady at 32 33, and the Consolidated
Mortgage Bonds at 23; 24f.
The third ordinary general meeting of the Credit
Foncier of Mauritius was also held to-day. The
report stated that the amount of mortgage invest-
ments at the end of 1866 was £250,450 12s. id. ;
the aggregate value of the property on which these
investments are secured being appraised at £565,571
12s. The half-yearly payments by the mortgagors,
including interest and management fees, and an
instalment in reduction of principal, have con-
tinued to be made with remarkable punctuality.
After allowing for all charges, including interest
on debentures and loans, and the sums credited to
the sinking funds established, the accounts for the
past year show a net profit of £7,052 3s. 7d. This
amount, with the balance of £484 10s. 9d., brought
forward from last year's account, affords an avail-
able surplus of £7,536 14s. 4d., out of which the
directors recommend that a dividend of 74 per cent.,
free of income tax, be declared for the past year,
whereof 3i per cent., or 7s. 6,1. per share, has
been already paid in the form of an interim divi-
dend for the first six months of the year. The
balance of £7O 9s. 4d. will be carried to the credit
of next account.

At the general meeting held to-day of the City
Offices Company the directors stated that the works
have progressed rapidly towards completion, and
the revenue from rents now amounts to about
£26,000 per annum. The only uncompleted pro-
perty of the company is the extensive building at
the corner of Lombard-street and Gracechurch-
street, which is being rapidly proceeded with, and
will, it is expected, be finished by next Michaelmas.
Both for situation and the extent of the ground-
floor area, without intervening walls, this building
promises to stand unrivalled. The frontage in
Lombard-street is upwards of 120 feet, and in
Gracechurch-street 80 feet. The value of this
estate will be materially increased by the open space
occasioned by the removal of St. Benet's church.
The completion of these premises will terminate all
building operations, and the capital account will
then be practically closed. The directors feel con-
fident that the collective properties of the company
will prove a safe and remunerative investment.
At a meeting held to-day of the Reliance Mutual
Life Assurance Society, Mr. W. W. Duffield in the
chair, the report stated that the progress of the
society during the year 1866 is shown by the issue
of six hundred and eighty-two policies, assuring
£221,675, and for which £7,348 Os. 3d. was re-
ceived for premiums. The total income from pre-
miums and interest was £60,779 ss. 6d., apart
from £5OO received for immediate Annuities.
The claims, with bonus additions, amounted to
£20,871 17s. 6d., and were in respect of fifty-
four deaths ; whereas, the estimated mortality
indicated a probable payment or t 22,304. At
the close of the year there were on the books of
the society five thousand and eight policies, of which
four thousand and five are for the whole of life,
assuring £1,462,120 ; two hundred and eighty-
three are for various terms, assuring £72,591 ; and
seven hundred and twenty are for miscellaneous
risks. The amount of funds required to meet the
present value of these entire liabilities is £175,929
25., whereas the assets are reported to be £204,714.
At the end of the.eurrent year the actuarial investiga-
tion will be resumed, and the surplus funds dis-
tributed as bonus, subject to the usual reserve.
The last week's Railway receipts, ascertained up
to this day, are in round figures as under :

Great Western
North Western
South Western
Brighton ...
Midland ...
South Eastern
Great Northern

1867. 1866.
... 65,062 68,379
...106,480 111,282
... 10,059 21,344
... 16,875 17,617
▪ 48,597 49,167
• 18,711 19,361
• 35,723 34,885

Lancashire and Yorkshire.,, ---
---
41,573 41;512
Bristol and Exeter... ... ... ... 6,194 6,392
North Eastern ••• ... ... .. 66,490 65,687
Manchester, Sheffield, and Lincoln ... 19,777 19,780
Great Eastern ... ... ... ... 30,918 32,694

London, Chatham, and Dover 7,652 7;988
Glasgow and South-Western 8,917 10,560
Metropolitan ... 3,923 3,817

The returns, when compared with those of the
corresponding period of last year are, in most
instances, of an unsatisfactory character, induced
no doubt by the slackness of trade in the manufac-
turing districts, and the severe weather lately experi-
enced. On the Great Western there is a decrease
of £3,317 ; on the North-Western of £4,793 ; on
the South Western of £2,285 ; on the Brighton of
£742 ; on the Midland of £570 ; on the South-
Eastern of £650; on the Bristol and Exeter of
£l9B ; on the Great Eastern of £1,776 ; and on
the London, Chatham, and Dover of £336 ; the
Great Northern, however, shows an increase of
£1,028, the Lancashire and Yorkshire of £6l, and
the North-Eastern of £BO3.
The favourable change in the weather has caused
more commotion in the Fruit Market. Some par-
cels oranges from St. Michael, Terceira, Valencia,
andtSicily, sold by Keeling and Hunt at public sale,
went at prices in character with condition and qua-
lity, a proportion of the fruit being landed wasty
owing to long voyages from adverse weather. The
price of lemons well sustained, and likely to con-
tinue. Nuts of all kinds in demand, which is usually
the case previous to Easter holidays. The last cargo
of Seville sours has arrived.
A memorial, signed by all the drivers and fire-
men except four, was yesterday presented to Mr.
J. B. Owen, secretary of the Great Eastern Rail-
way Company, who promised to submit it to the
board this day. The only difference between this
threatened strike and that of the Brighton Railway
is that the firemen require the maximum salary after
being promoted to the position of engine-driver
three years, whereas on the Brighton line the same
advantage is allowed at the end of one year. The
best disposition is evinced by the company to meet
the wishes of the men, consistent with the interests
of the shareholders.

Two O'CLOCK.

According to Reuter's Telegram from Paris to-
day, the French Rentes were 69f. 15c. Agitated.
Flat.

Continued firmness has prevailed in the Market
for the English Funds. Consols have improved
to 911 for money, and to 91i for the account.
The New Threes and Reduced Annuities are 89-1 ;
do., 1885, 191 ; Exchequer Bills for March, 15s. to
18s. prem. ; India 5 per Cents., 1091 11.04 ; do
Enfaced. 4 per Cents., 85 ; do. 5 per Cents., 1031 ;
do., 5f per Cents., 1081 ; and do. Bonds, 445. prem.

In the Foreign Stock Market there is still much
depression. Spanish Passive have declined s to
21 4 ; the Certificates / to 138 a ; Mexican 8 to
1613. 178 ; but Italian have advanced 8 to 53i I ;
Greek I to 15 ; and Russian Scrip eto 22
prem. Turkish 5 per Cents. remain at 298 308 ;
and Chilian Scrip at 2/ 2 dis. The Danubian
Scrip has declined I to 2,1 i dis.
The dealings in the Railway Share Market have
been to. a fair extent, but the tendency of prices has
again been downwards. Great Northern have de-
clined 1i i Great Western, North Western, Me-