The Sun.
London, England, 1867-01-23 00:00:00

MONEY MARKET

AND
coantr.Eßol;v4L I'4T. LLIGANCX,

TWELVE O'CLOCK.

Continued easiness is exhibited in the Discount
Market to-day, and commercial bills are very scarce,
e3pecially those of six months' date. The operations
reported at the Bank, as well as in other quarters,
are altogether much below the average at this sea-
son of the year.

The sum of £64,000 was taken from the Bank
of England.

Tenders were opened yesterday by the Crown
agents for the colonies for £65,500 Natal Govern-
ment 6 per Cent. Debentures. The applications
amounted altogether to £129,200, of which £26,300,
being at and above the minimum, wore ae3epted in
full, and it is understood that the balance was sub-
sequently disposed of at the minimum price of 951.
Atlantic and Gnat Western Railway Deben-
tures have declined 1, to 49 51, but tht; Consoli-
dated Mortgage Bonds are unaltered, at 361, to 374-
ex coupon.

At
.a meeting held to-day of the shareholders of the
National Discount Company the directors reported
that the paid-up capital on December 31 amounted
to £698,940, and the reserve fund to £398,940.
The results of the business for the past half-year
showed a gross profit of £130,232, and after pro-
viding for the current expenditure, directors' and
auditors' remuneration, making ample provision for
bad and doubtful debts, and reserving £136 17s. 3d.
towards redemption of premises, and £42,174
2s. sd. for rebate of interest on bills not yet
due, there remained, with the sum of £3,633
Is. Id. brought forward from the previous
half-year, an available balance of £77,772 10s. 11d.
This enabled the directors to declare a dividend at
the rate of 20 per cent. per annum, free of income
tax, upon old and new capital, and to carry forward
£9,527 10s. 11d. to the next account.
At a Meeting of several large shareholders of the
Bank of London, holding upwards of 10,000 shares,
held at the London Tavern this day, resolutions
were unanimously passed, having for their object an
independent investigation of the present position of
the affairs of the Bank by Mr. David Chadwick
of the firm of Chadwick, Adamson, M‘lienna, and
Co., 40, Old Broad-street, London, with the view
of resuscitating the Bank. A committee of share-
holders was appointed to confer with the official
liquidator of the bank, and it is understood that Mr.
Chadwick will proceed with his investigation as
early as practicable, and report to the shareholders
at a general meeting to be called for the purpose.
We have received the following from the Belgian
Public Works Company (Limited) :

TO THE EDITOR OF THE SUL
London, E.C., Jan. 22, 1867.
Sir,-1 am instructed by the directors to request your
insertion of the following.

W. L. HERIOT, SOC.
"Belgian Public Works Company (Limited).
"Sir,—l am instructed to inform you that in conse-
quence of the great severity of the weather at Brussels, the
ceremony of inaugurating the works of this company,
which was appointed to take place this day, has been
necessarily postponed, and to state that his Majesty the
Xing of the Belgians has graciously signified his intention
to lay the first stone so soon in the month of February as
the weather will permit.—l am, Sir, your obedient ser-
vant, " W. L. HERIOT, Secretary."
The share certificates for the shares of the above

company will be ready for delivery, in return for
the banker's receipts, on and after Friday, let
February next.

Two O'CLOCK.

Affairs at the Stock Exchange are quietly good.
There is no life in any department, although a fey/
favourite securities give rise to a moderate number
of bargains. Speculators seem to be waiting for
some new and important event connected with
money or politics before they engage in large trans-
actions. Perhaps the assembling of Parliament
Will inaugurate a different state of things; mean -
While, however, dealings are restricted, and the
changes in market values merely fractional.
The Funds are slightly heavy, as much from the
Paucity of business as anything else, though the
state of the Bourse and some of the continental ad-
vices are not regarded in a very encouraging light.
Consols are 901 for money, and 90 I for the ac-
count. The New Threes are 898 Reduced An-
nuities, 891 8 ; Bank Stock, 248 249* ; India 5 per
Cents., 107 ; ditto Enfaced, 102 ; and ditto Bonds
265. 30s. prem.
A very firm market prevails for Foreign Secu-
rities, the quotable movement being a decline of
in Spanish Certificates, to 142- 8. The other secu-
rities remain exceedingly steady as follows :
Turkish 5 per Cents., 298 8 ; Mexican, 174 18 ;
Greek, 141; Spanish Passive, 22* ; Italian, 544 ;
and Russian Loan Scrip, 1k j.
The New Chilian Loan continues firm at 18
preen.
American Securities show little variation. Erie
Shares have advanced 1, to 43k 44 ; United States
5-2
810 Bonds k, to 72i ; while Illinois are steady at
80 .
A very moderate amount of business has been
transacted in the Railway Share Mark to-day,
but in a few instances prices show more firmness.
Great Western, Metropolitan, and Midland have
each advanced 4 ; Manchester, Sheffield, and Lin-
coln, k ; and South-Eastern, ;
.Nvhile Great
Eastern have declined ; Great Northern and
Lancashire and Yorkshire each
In the Foreign and Colonial lines there is littl
'variation of importance, Bahia and San Francisce
o
have improved to 13k ; Recipe and San Francisco
are marked 91 10 ; Bombay and Baroda, 1011
East Indian, 1071 ; Great Indian Peninsula,
1058 4 ; and Madras 5 per Cents., 1004.
Bank Shares remain very quiet. London Char-
tered of Australia have advanced to 23 ; and Orien-
tal Bank Corporation, to 43k 44 ; London Bank of
Mexico are firm at 13 ; and Union of London, at
45 451.
Miscellaneous and Finance Shares are very de-
pressed. Atlantic Telegraph 8 per Cents. have
receded to 661 671 ; Credit Foncier of England to
31 II; London Financial to 64 ; National Discount
remain steady at 14/ 14i ; and Peninsular and Ori-
ental Steam, at 70 71/.