The Sun.
London, England, 1867-03-20 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

Operations in the general discount market have
been on a rather limited scale, and the rates de-
manded show no material alteration.

Gold to the amount of £lO,OOO has arrived by
the Ballarat from Melbourne.

The gold operations at the Bank of England yes-
terday consisted of an influx of £75,000 in bar
gold, and also a withdrawal of £6,000 and 7,000
sovereigns for the Brazi!s.
Atlantic and Great Western Railway Deben-
tures remain firm at 32 34, and the Consolidated
Mortgage Bonds at 21 25.
At the annual general meeting of the Legal and
General Life Assurance Society it was announced
that the new premiums for 1866 were 10, 019 , the
New Assurances, £251,875; the total premium
income of £121,888, and the total property on the
Ist of January last £1,414,595, against insurances
for £3,911,728.
The East India Irrigation and Canal Company
have received intelligence to the effect, that the
cause which operated to prevent the cultivators in
Orissa irrigating their lands from the Company's
canals bas been removed, the Government of India
having renewed the present land settlements upon
the same terms for twenty years more, and un-
dertaken at any future settlement not to charge
more for irrigated than for unirrigated land ;
also, that with a view to give more extended em-
ployment to the suffering population, and to expe-
dite the extension of irrigation by the company, the
Governor-General had offered to advance as much
money as the company can expend, in addition to
their own regular outlay during the current year,
and that such offer had been accepted by the com-
pany's manager.
The inspection report of the Delhi Railway, by
Major W. E. Warrand, R.E., deputy consulting
engineer to the Punjaub Government, concludes in
the following satisfactory terms :—" The quality
of the work is everywhere very good. It is to be
hoped that every endeavour will be made to insure
a proper supply of rolling stock for the Delhi end
of the line ; the traffic will be very great, and no
help will probably be obtained from the Lahore end
for a couple of years after its opening."
A contract has just been made by Mr. Frederick
C. G. Ritso, of Austinfriars, acting on behalf of
the International Ocean Telegraph Company of
New York, with the Indiarubber, Guttapercha, and
Telegraph Works Company of Silvertown, for the
manufacture and laying of a submarine telegraph
cable between the United States and Havana, in the
island of Cuba. The working to be completed by
the end of June. This is the first link of the in-
tended cable to Panama via Jamaica.

The Home and Colonial Assurance Company
(Limited) have issued their report preparatory to
the general meeting. The directors state that, as
already intimated to the shareholders, they have
discontinued the fire and life departments of their
business. The income on the marine branch from
net premiums in 1866 amounts to £192,204, and
after deducting all adjusted losses to Dec. 31, there
remains a balance of £99,611 on that year's account.
A payment of interest is recommended at the rate
of 5 per cent. from the profit on the investments of
the capital.
A report has been issued by the liquidators of the
Seinde, Punjaub, and Delhi Bank Corporation to
be presented at a general meeting to be held on the
27th inst. It states that the total estimated liabili-
ties in March, 1866, were £789,268 ; and that since
that date nearly the whole of these liabilities have
been discharged, or have run off ; and that the
claims on the 27th ult. were estimated at £8,721,
and the assets at the same date represented
£281,620, showing a surplus of £272,899. As
regards the final result of the liquidation, the
liquidators believe that, in addition to the return
they have already made of £6 on every £lO share,
and £1 on every £5 share, there will be ultimately
further returns equal to 14s. irr share on all the
shares of the bank.

TWA O'CLOCK.

There is still a very firm feeling in the market
for British Securities; Consols being 91i for money,
and 911 4 for the account. There are a few steady
investments but very little speculation. The New
Threes and Reduced Annuities are 89i 1; An-
nuities (1385), 121 ; Exchequer Bills for March,
153. prem. ; ditto for June, 15s. to 16s. prem. ;
India Stock, 2151 ; ditto 5 per Cents., 1094 1 ;
ditto Enfaced 5 per Cents., 103}; and ditto Bonds,
445. to 455. preni.
In the Foreign Stock Market there is little change
in prices, and the transactions are restricted. Italian
have advanced 1, to 531 t, and Mexican *, to 174
18 ; Greek remain at 151 16 ; Spanish Passive at
221 ; the Certificates at 14:1,- 1 ; Turkish 5 per
Cents. at 304 ; the Russian Loan Scrip at
Prem. ; and Chilian Loan Scrip at 2 11 dis. Danu-
bian Scrip has declined I, to 11 1 dis.
In the Railway Share Market there has been con-
siderable excitement. Prices opened with a further
depression, but a slight rally has since taken place.
London, Chatham and Dover have declined *, Lan-
cashire and Yorkshire 4, and South Western and
Midland each 4 ; while Great Northern have ad-
vanced 1, Great Eastern, North Western, and North
Eastern (Berwick) each 1, and South Eastern 4.
The Foreign and Colonial lines show little varia-
tion. Antwerp and Rotterdam are marked 13 131,
Great Luxemburg 101 Great Western of Canada
121 13, and East Indian 1074 1084.

Bank and Miscellaneous Shares remain very in-
active. Colonial have improved to 37, and London
and County to 361, while Union of Australia have
declined to 47i. Anglo-American Telegraph are
at 151 16 ; Hudson's Bay Company, at 161 ; and
Telegraph Construction and Maintenance, at 141.
American Securities show a slight advance. Erie
Shares have advanced to 40 ; Illinois, 1, to
78 ; and United States 5-20 Bonds to 741