The Sun.
London, England, 1867-04-15 00:00:00

MONEY MARKET

AND
COMMERCIAL IN TELLIOE NOB,

TWELVE o'CLoeK.
The demand for accommodation in the general
Discount Market continues very limited, and the
rates demanded for the negotiation of first-class
short-dated commercial paper ranges from 21 to 2
per cent., the supplies available being more than
sufficient for the requirements.
The sum of £4,000 was withdrawn from the Bank
of England on Saturday.
The operation towards clearing off the whole of
the Mortgage Debentures of the Atlantic Telegraph
Company is progressing satiJactorily. Upwards of
£40,000 have already been subscribed for that pur-
pose, and in addition thereto one of the largest
shareholders has addressed a circular to his fellow
sha!ehoblers, of whom there are 4,000, offering to
subscribe the sum of £4,500 to the completion of
the object, provided the other shareholders will
respond in proportion to their holdings. When this
debt is removed there is little doubt that the debt
of the Anglo-American Company will be shortly
paid off, and the original company, after all its re-
verses, will come in to the full enjoyment of its
valuable property. During the past week the re-
ceipts have averaged £1,230 per diem.
From the manufacturing districts the accounts
for the past week have generally been of an unsatis-
factory character. At Manchester dullness has pre-
vailed, and a further decline has taken place in the
values of cloths and yarns, consequent upon the
depression in the cotton market at Liverpool.
In the woollen districts of Leeds, Bradford,
and Huddersfield trade has been remarkably quiet,
and but few dealings have been entered :into in
seasonable goods. The hosiery and lace departments
at Leicester and Nottingham have shown no mate-
rial alteration ; and in the hardware districts of
Birmingham, Sheffield, and Wolverhampton little
change of importance can be reported in many of
the principal branches of business carried on.
At the half-yearly meeting of the Australasian
Joint-stock Bank, held in Sydney on the 31st
January last, the profits were stated at £40,316,
out of which a dividend of 8 per cent. per annum
Was declared, and a sum of £19,000 transferred to
the reserve fund, to meet the heavy losses arising
from the
numerous mercantile failures that occurred
during the late monetary pressure in the colony, a
sum of £55,000 was appropriated from the reserve
fund, which now stands at £50,107.
To mark their sense of the energy and tact with
Which Mr. Richardson surmounted the difficulties
which threatenedthe credit and position of the bank,
through the failure of the Consolidated Bank here,
Its. London agent, and for his successful negotiations
With the National Provincial Bank of England (by
which its honour and credit were maintained), the
d'rectors have awarded that gentleman a donation
of £l,OOO.

Two OCLOCK.
According to Reuter's telegram from' Paris to-
day, the French Rentes were 66.70. Heavy.
Consols are steadily creeping up, 1 per cent.
having been added to their marketable value ;
the latest prices, therefore, are 901 91 for
transfer, as well as for the account. This
sustained buoyancy is attributable to the
abundance of money and the demand for stock
on behalf of the investing public. Speculators
too are purchasing rather freely. More confidence
is likewise felt in the probable solution at an early
date of the different political questions which are
still exciting so much attention throughout the
Continent. The New Threes are 881 891 ; Reduced
Annuities, 891 4 ; Exchequer Bills, 17s. to 23s
preen ; Bank of England Stock, 2521 253 ; India
Stock, 219 ; ditto 5 per Cents., 109! ; and ditto
Bonds, 525. prem.
In the Foreign Stock Market there has been a
still further improvement. Greek have advanced
4 to 13 14 ; Mexican, 4, to 151 1 ; Spanish Passive,
4, to 201 I; Certificates, 4, to I 134; Turkish 5
per Cents., 1, to 271 4 ; Russian, 4, tol 11 prem. ;
Chilian Scrip, 4, to 4 34 dis. ; and Danubian,
to 6 4 dis. ; Italian Stcck remains at 484 a.
In the Railway Share Market there has been very
little animation, but in a few instances prices are a
!bade firmer. Great Western and South Western
have each improved ; Metropolitan, Midland, and
South Eastern, each 1 ; and Manchester, Sheffield,
and Lincoln, each 1; while Brighton have declined
1, and North Western 1.
In American Securities there is a fall of in Erie
Shares, to 37 4 ; 1 in United States 5-20 Bonds, to
734 74 ; while Illinois are steady at 764 77.
The Foreign and Colonial lines show little
variation. Great Luxembourg are dealt in at 94,
Grand Trunk of Canada 181 4, East Indian at
1071. 3, and Great Indian Peninsula at 1074 1.
Bank shares are very quiet at about previous
quotations, London Joint Stock being marked 42 ;
Oriental Bank Corporation, 404 411 ; Union of
London, 414 42 ; New South Wales, 624 ; and
Standard of British South Africa, 12 124.
Miscellaneous and Finance Shares remain inac-
tive at about former values, Egyptian Trading Co.
being dealt in at 3 1-16 ; Hudson's Bay Company,
at 164 4 ; London Financial, at 24 ; Peninsular
and Oriental Steam, at 58 ; and Telegraph Con-
struction and Maintenance, at 121 121.
Atlantic and Great Western Debentures remain
steady at 31 32, and the Consolidated Mortgage
Londe at 22 224.