The Sun.
London, England, 1867-07-29 00:00:00

ONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

TWELVE O'CLOCK.
Very little business is reported in the Discount
Market, and the rates appear to be merely nominal,
for while the best bills are quoted in general circles
special transactions are arranged 11, and in some
cases per cent. below that figure. With such
facilities, it is almost superfluous to add that the
inquiries at the Bank with its 2 per cont. minimum
are very limited.
The sum of £8,030 in gold was taken to the
Bank of England on Saturday.
• The West India Mail steamer Douro has arrived
with gold to the amount of £121,898, and silver
amounting to £110,281, together £232,179 sterling.
A dividend has been declared at the rate of 7 per
cent. per annum by the Irish Magnetic Telegraph
Company.
The East Indian Railway Company have in-
vited applications for 4} per cent. guaranteed de-
bentures at par to the amount of £1,000,000 for
five years, and not convertible into shares.
The accounts from the manufacturing districts for
the past week state that business generally has re-
mained quiet at Manchester. The demand for
cloths and yarns for home use and for exportation
has been on a very limited scale, and purchasers
have acted with great caution. In the woollen dis-
tricts of Leeds, Bradford, and Huddersfield there
has been a moderate inquiry for goods suitable
for present use, and the heavy goods trade con-
tinues steady, manufacturers generally being fairly
engaged upon contract orders. The hosiery and
lace departments of Leicester and Nottingham have
been without much alteration ; while in the hard-
ware districts of Birmingham, Sheffield, and Wol-
verhampton a slight improvement may be reported
in most branches of business, particularly on the
demand for railway iron for India and Australia.
A call of £5O per share has been made on the
contributories in the Leeds Banking Company,
Payable on the 31st August.
A meeting has also been held of the English,
Scottish, and Australian Chartered Bank, when the
report was adopted and the dividend declared.
The profits have been fully equal to the average,
but the sum of £lO,OOO have been transferred
from the reserved fund to equalise the dividend.
The monetary crisis, to which reference was made
in the last report as existing in the colonies, has
been followed by extreme stagnation during the
whole of the period under review, more especially in
New South Wales, where the large failures, which
Occurred in the latter part of 1866, caused a severe
shock to mercantile confidence, seriously affecting
trade generally, and greatly depreciating the value
of all descriptions of property. Under these very
exceptional circumstances the directors were not
unprepared to hear that losses, to some extent, had
been incurred, notwithstanding the caution exer-
cised by the colonial managers in conducting the
affairs of the bank. The directors therefore re-
commend that out of the balance of pro-
fit and loss account, viz., £22,986 28. 11d.,
a dividend be paid at the rate of 7 per cent. per
annum, free of income tax, on £600,000, the paid-
11P capital of the bank, which will require £21,000 ;
that the premises and furniture accounts be reduced
by £l,OOO ; and that £986 2s. 11d, be brought for-
Ward to the current half year.
At a meeting to-day of the shareholders of the
British Colonial Steam Ship Company the direc-
tors, report was adopted. The directors recommend
that the surplus of £4,074 17s. 11d. should be dealt
with in the following manner :—" That a dividend
of 15a. per share be paid to the proprietors on and
after the 10th August, amounting to £2,163 15s. ;
that a sum of £1,500 be written off the value of the
ships, leaving a balance of £4ll 2s. 11d. to be car-
ried forward to next half-year's account.
Atlantic and Great Western Railway Debentures
have declined 1, to 27 29, and the Consolidate]
Mortgage Bonds, k, to 22 23.
With regard to corn and cotton at Alexandria,
Alessrs. E. R. Liddell and Co. in their circular,
dated July 19, 1867, state :—Cotton quotations are
difficult this week in consequence of the limited
amount of business transacted : holders maintain
their
prices with the greatest obstinacy. Good mid-
dling, 13d. f. o. b. ; fair to fully fair, 143-4. to 144 1.
ditto; Good fair, 16d. ditto. In cotton seeds large
eales have been made by the Viceroy, for delivery to
t4O end of February, at about £6 25.63, f. o. b.
For cereals the demand has been fully equal to
811PPliee, and prices fully maintained.

Two O'CLOCK.
According to Reuter's telegram from Paris to-
(lay, the French Routes were 68f. 95c. Rather firm.
There is no improvement with regard to business
for the English Funds, speculation being too dull
and investments too few to produce anything like
animation. The war feeling on the Continent still
teitaetB depressing influence, for despite the pacific
press
slats put forth by a portion of the Parisian
aii, a rupture between France and Prussia is
t""ed of with intense seriousness. Consols just
9; v? 93/ 1 foy transfer and for money, and 93/
' Sat feal' re
the account, being / lower than they were on
urday afternoon.
guThe New Threes are 931 ; Reduced Annuities,
t,,
ditty ~{A; Bank of England Stock, 260 58 ; India 5
`eats., 1111 ; ditto Enfaced 54 per Cents., 108 i ;
P .0,000 Bonds, 70s. prem.
4:lice-I in the Foreign Market are steady.
eats are 151 ; Spanish Passive, 21 ; Certifi-
se ea. 16 4 ; Russian Scrip, I prem. ; and Chilian
s 24 2 dis ; Italian have receded /, 471 48 ;
B
-curkish 5 per Cents., /, to 291
.1.
are shares are dull. London and Westminster
13' marked 103 103/, Union of London 39, Alliance
The
London and County 55f.
tha Foreign and Colonial lines remain without
at 14,g,enf importance. Dutch-Rhenish are dealt in
44'1) Great Luxemburg at 9/ /, South Austrian
of Canada
at 14f 1 Great Western
q at 141 1, East Indian, at 108/ f, and
teat Indian Peninsula at 107/ I.
ktetivery limited amount of business has been trans-
hi the Railway Share Market, and prices
eaerall
shire Y show a further slight decline. Lanca-
Sotio,gand "Yorkshire have receded! ; North Western,
ea,tiWestern, Metropolitan, and South Eastern,
eaeil ; while Great Western and Brighton have
advancedFi /.
Alb, •
+ 'lean Securities show but little variation.
Ilijas"wenty Bonds have declined 1, to 72/ 1 ; while
41(1.1a remain at 76 77.
Previ4leellaneous and Finance Shares remain at about
ate us values. Atlantic Telegraph 8 per Cents.
biieeealt at 731, being fiat ; General Credit and
111. lint at 41 Hofational Discount Company at
and -VicerEgypt's Mortgage Loan at 67i

MINING MARKET.
tge MONDAY AFTERNOON.
ktive '44i in the Mining Share Market is very in-
, and
44 't quotations are nominally unaltered.
tilliverttioele.(l are the current quotations :-
010.1atate,goor ...... 54 5/ N. Treskerby 15s Od 20s Od
1k10rci.131.,-zold
.....
7.--
_1 Prince of Wales 5786 d 58s, 6d
rtBt 13,19 t4algaraate. Providence Mules ... 27 28
)tk" ea sat ...... 15°116'4
et tormot:
........_ 1 South Condurrow lls 13s Od
''‘it It tell
.......... pi 52 Tincroft lll 12/
s_lv . tietee„
......... 6/ 7 West Chiverton 66 67
e1:lillott;',: .......... 14 1/ West P. of Wales ...
tent lt ' yronville 1-} 2 Wheal Basset
k whalhek
,tizti„. heal V ... 41 5 Wheal Buller
"ortvrralloyv ••• 164 17 WhealChiverton if 71
'tofty : ...... .• 44 44 Wheal Grenville 15s ris 6gl
'.. 3 34 Wheal Seton llO 115

--,
-______--
tltrr,
a,, 40,„.., .-ISEI FUNDS—TWO O'CLOCK.
lt• (i'....likENT
4 po. Nit 0_ FUNDS.
N,,p, Ace "usols 931 I
Natebt ee,t°4,4t, /tug. 8 9l 3;
a pf;;',,-(loduced 931 -,•,"
t 24 per-era 931 i
41,11‘_0, 6
per Cent. Jan. 1894 —
4111itie\rnOent. Jan. 1873 _
t)o. for a rio yes, expire sth Jan., 1880
(itm ,Yti4_, expire sth April 1885 —
dkt ',3a Telet,,raph), duo., 1908
Niler t •
March. June.
be 'llB X 1 000
, ..................... f-- pm —pm
114 I),
.6bit. £5OO ........................ —.ln ITT,'
o.of to i .ClOO & £2OO ............... —PM —P—
Alec giant' Stock 5} C• t 260 58
.41( . Stock, ,per Ln .••
co
......... . ........................ 2 l
h 0.4 tQelt, f,,,11. IiNMENT SECURITIES.
Do. 4tcou 4 per Cent., April 1874...
1) SPo IA .......
bco.l ~ cent j .......................... --
, Pe- c • u y 1880
............... 1111
(,` • exit ' erti4c, °et. 1888 ............... —:
." .............................