The Sun.
London, England, 1867-01-09 00:00:00

MONEY MARKET

AND
COMMERCIfiL INTELLIGENCE,

TWELVE O'CLOCK.

There is considerable ea,iness in the Money
Market to-day, and to illustrate the prevailing
plethora of money, it may be mentioned that some
choice bills having a few days to run have been
negotiated at 2 per cent.

There were again no bullion operations at the
Bank of England yesterday.
The retirement of Mr. Rhys B. Griffiths has
been announced from the firm of Messrs. Leyton
and Co., tea and colonial produce brokers. His
department of indigo will henceforth be conducted
by Mr. W. Price Stansbury, who has assisted Mr.
Griffiths for the last 15 years.
The City Offices Company will remove their offices
to-morrow to the large block of buildings iu Old
Broad-street, which they have just erected, and
which are to be known under the title of Palmerston
Buildings, in memory of the late eminent statesman.
The building is of great extent, has a corridor of
stately proportions, running from Old Broad-street
to I3ishopsgate-street, and the rooms, upwards of
250 in number, are all spacious, well-lighted, and of
easy access. It is confidently believed that the
tenants will readily be found when the advantages
the company can offer are seen and appreciated.
It is stated that Mr. W. H. Holyland, the official
liquidator of the Commercial Bank Corporation of
India and the East, is about to apply to the Court
of Chancery to sanction the payment early in
February, of a dividend of 6s. 8d in the pound.
This dividend would have been 10s. but for the
obstacles raised by some of the creditors and share-
holders
at Bombay to the remittance of the funds
from thence, which will now have to be made avail-
able for a second dividend.
At a meeting held to-day of the shareholders of
the Union Bank of London the report (the 37th)
was adopted. The net profits for the six months
ending the 31st 4December last amounted to
£139,552145., which, with £79,883 16s. 9d. brought
forward from 30th June last, amount to £219,436
10s. 9d. ; out of which a dividend at the rate of 15
per cent. per annum, and a bonus of 2f per cent. on
paid-up capital, being, together, at the rate of 20
per cent. per annum, was declared, leaving a balance
of £99,436 10s. 9d.

The traffic receipts on the Brighton Railway for
the past week have been £19,371, against £19,373 in
the corresponding week of last year. On the Mid -
land they have been £38,064, against £11,155 in
1866 ; on the South-Eastern £18,365, against
£19,640 in the like period of the previous year ;
and on the Glasgow and South-Western £12,687,
against £13,077 in 1866.
The following letter relates to the quotation at
the Stock Exchange of the shares of the Madras Ir-
rigation and Canal Company :

TO THE EDITOR OF THE SUN.
Sir,--I have the pleasure of informing you that the
Committee of the Stock Exchange, upon application and
proper proof, yesterday ordered that the shares a the
Madras Irrigation and Canal Company shall in future be
quoted under the head "British Possessions," with the
words • guaranteed 5 per cent." added.—lana, Sir, yours &c.,
J. WESTWOOD, Secretary.

London, Jan. 8, 1867.

Two O'CLOCK.
According to Reuter's telegram from Paris this
day, the French Rentes were 70f. 00c.
The market for the English Funds has been
rather fluctuating to-day, Consols having declined
4, and then recovering, so that the prices are just
the same as they were yesterday afternoon, viz.,
90/ 1 for money and the 10th, and 91 5-16 7-16
February settlement. The New Threes and Re-
duced Annuities are 901 ; Exchequer Bills, 9s.
prem. ; India Stock, 213 ; do. 5 per Cents, 107 4 ;
do. Enfaced 5 per Cents., 101 ; do. 54 per Cents.,
1054 ; and do. 4 per Cent. Bonds, 30s. prem.
Foreign Stocks generally show a decline. Turkish
5 per Cents. have receded 4, to 32 ; Mexican
5, to 17i 14 ; Greek, 4, to 141 ; and Italian, 4, to
31 ; but Spanish Passive have advanced 4, fto
214 1, and the Certificates, 4, to 144 4. The New
Russian Scrip remains at 14 4 prem.
American Securities also are flatter. United
States 5-20 Bonds have fallen 4to 721 1 ; Erie
shares, 1, to 454 4; and Illinois, 4, to 804 811.
A very limited amount of business has
been
transacted in British Railway Shares, and prices
generally show a further slight depression. Lon-
don, Chatham, and Dover, North Eastern (Ber-
wick), and South Eastern, have each receded 1 ; Great Western, Manchester, Sheffield, and Lincoln,
and Midland, each I ; North Western, ; and
Great Eastern, 1.
The Foreign and Colonial lines remain without
material change. Grand Trunk of Canada have
declined ; Great Western of Canada, ; East
Indian, 1 ; and Great Indian Peninsula, 4.
Bank Shares remain very quiet. Alliance have
improved to 184, Imperial Ottoman to 84 94 ;
London and County to 67 4, and Union of Lou-
don to 45.
Miscellaneous and Finance Shares have in seve-
ral instances been a shade flatter. Atlantic Tele-
graph 8 per Cent, have:declined to 70 72 ;
; FoEgypncier
tian Trading Co. are marked 4/ 5 Credit
of England, 31 ; General Credit and Discount, 54
; and International Financial, 2/ 4
Atlantic and Great 'Weste .
rn Railway Debentures
have declined 1, to 53 55, and the Consolidated
Mortgage Bonds 1, to 411 414.