The Sun.
London, England, 1867-07-18 00:00:00

MONEY MARKET

AR
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

Gold to the amount of £51,000 was received at
the Bank of England yesterday, and there was also
a withdrawal of £13,000.
The Consolidated Bank will hold their half-yearly
meeting on the 24th inst. at Manchester.
A first dividend of 6s. Bd. in the pound has been
declared in the matter of the Steam Biscuit Flour
Company (Limited), payable on the 25th inst. at the
offices of the official liquidator.

It will be proposed at the ensuing general meet-
ing of shareholders of the Anglo-American Tele-
graph Company to pay a dividend of £1 ss. on
each £lO share, as on the last occasion, making the
total distribution for the year £2 ss. per share,
which is equal to about 23 per cent. for the past 12
months.

},The biddings for bills on India took place yester-
day at the Bank of England. The amounts
allotted were, to Calcutta 4,13,000 rs. (i 41,300),
to Madras 100,000 rs. (£10,000), and to Bombay
10,00,000 rs. (.£100,000). The minimum price
was fixed, as before, at is. 11d. per rupee on all
the presidencies. Tenders at the minimum on Cal-
cutta and Madras will receive in full, and on Bom-
bay about 63 per cent. All tenders above the
minimum will receive in full.

At a meeting to-day the sixtieth report of the
London Joint-Stock Bank was submitted to the
shareholders. The accounts which the directors
presented informed the shareholders that during
the six months ending the 30th ultimo the bank
has made a net profit of £92,175 18s. 4d., of which
the sum of £90,000 is appropriated to the payment
of the usual dividend, at the rate of 12i per centum
per annum, with a bonus of 6s. 3d. per share, together
£1 ss. per share, leaving an unappropriated balance
of £2,175 18s. 4d., to be carried forward to profit
and loss new account. The guaranteed fund, with
its accrued interest, now amounts to £337,839 4s. Bd.
The board resolved (subject to confirmation at a
speCial general meeting of shareholders) to complete
the addition made to the capital of the bank in
1864, by the issue of 8,000 shares, the remain-
ing portion of the 20,000 shares authorised to be
issued, and of which 12,000 were allotted in August
1864. These shares it is intended shall be offered
in the first instance to the shareholders, in the
proportion of one new share to every nine shares
of which on the 25th day of July they may be the
registered holders, at £25 per share, being £l5 per
share the amount paid up on the existing shares of
the company, £lO per share premium ; the sum
to be received as premium to be added to the gua-
rantee fund. On the completion of this issue,
the capital of the bank will be increased to 80,000
shares of £5O each, paid up to the extent of
£l5 per share, thus raising the paid up capital to
£1,200,000. A special general meeting has been
convened for Thursday, the 25th of July, when a
resolution will be proposed to authorise the issue of
8,000 new shares ; and the directors will avail
themselves of the occasion of this meeting to pro-
pose to the shareholders certain alterations in clause
7,9, and 52, of the deed of settlement of the
company, which the board deem for the
interest of the bank should be sanctioned. The
directors, recognising the propriety of granting
pensions for long and faithful services
rendered by the officers of the bank, have established
rules and regulations for granting a retiring allow-
ance to the staff of the bank, and from the uniform
interest taken by the shareholders in the welfare of
those devoting themselves faithfully to promote the
prosperity of the bank, the directors feel confident
that the course they have adopted will meet with
the hearty concurrence of all shareholders. The
dividend and bonus, free from income tax, will be
payable on and after Friday, the 26th inst.
Reuter's Telegram Company (Limited) have
notified that permanent, direct telegraphic com-
munication is now established between London
and Hamburg and London and Bremen by the
completion of the company's land lines in connec-
tion with their cable to Norderney. Hitherto the
communication with these places has been carried
on by the Government wires, which are also used
for the local traffic ; but the new land lines of this
company are exclusively for through traffic, and the
communication will be constant and instantaneous.
The lines will be worked by the Electric and Inter-
national Telegraph Company. The construction of
Reuter's direct line to Berlin will be completed in
about two months.

The last week's railway receipts, ascertained up
to this day, are in round figures as under :

1867. 1866.
Great Western ... 81,891 83,154
North Western ...128,391 127,228
South Western ... 31,691 80,515
Brighton ... ..• •.. 26,219 24,112
Midland ... 55,639 52,360
Routh Eastern ... 30,153 28,109
Great Northern ... 38,561 86,022
Lancashire and Yorkshire... ... 52,301 49,786
Bristol and Exeter... ... 7,7 9 7,463
North Eastern ... 73,865 71,680
Manchester, Sheffield, and Lincoln 20,061 20,321
Great Eastern ... 38,498 37,955
North British
... 37,713 29,374
London, Chatham and Dover ... ... 15,135 14,324
Metropolitan .. 4,529 4,112
Glasgow and South-Western ... 12,485 12,299
Great Southern and Western of Ireland... 10,338 10,563
Midland and Great Western of Ireland ... 5,112 4,885
These returns, when compared with those of the
corresponding period of last year, are mostly of a
satisfactory character. On the North-Western
there is an increase of £1,163; on the South-
Western, of £1,176 ; on the Brighton, of £2,107 ;
on the Midland, of £3,279 ; on the South-Eastern,
of £2,044; on the Great Northern of £2,559 ; on the
Lancashire and Yorkshire of £2,518 ; on the Bristol
and Exeter, of £326 ; on the North Eastern, of
£2,185 ; on the Great Eastern of £543 ; on the
North British of £8,339 ; and on the London, Chat-
ham, and Dover of £Bll ; while the Great Western
shows a decrease of £1,263 ; and the Manchester,
Sheffield, and Lincoln of R 260.

Two O'CLOCK.

The directors of the Bank of England at their
/fleeting to-day did not consider it desirable to alter
their minimum rate of discount. A reduction to 2
per cent. would not have excited surprise, but its
maintenance at 2f per cent. afforded no disappoint-
ment.

A further decline of 1 per cent. has been exhi-
bited in the English Stock Market, Consols being
dealt in at 941 f for money, and for the account,
on the Bth proximo, they are quoted 94 10-16
94 13-16. The New Threes are 94 3< 4 ; Reduced
Annuities, 93 j 4 3i ; Exchequer Bills, 245. prem.
for June ; India 5 per Cents., 111 k 1 I;
ditto Enfaced 4 per Cents., 87 ; ditto 5 per Cents.,
1031 ; ditto £l,OOO Bonds, 655. prem.
In the Foreign Market there has also been lees
buoyancy. Mexican Stock has declined f, to 151
and the Russian Loan Scrip 1, to 1 11 prem. ; while
Spanish Certificates have improved /, to 161 I ;
and Greek Bonds 1, to 131 1. Italian and Turkish
Securities remain without change.
For American Securities there has been a very
limited inquiry. Erie Shares have declined 1, to
451 46f ; and United States 5-20 Bonds improved
to 721 ; Illinois Shares closed steadily at
76i 77k.
Increased depression has prevailed in the Railway
Share Market, the decline amounting to about
to per cent. Great Eastern, North Western, and
South Western have each declined ; Brighton
and Midland each 1, and Metropolitan 4.
The Foreign and Colonial lines remain without
material alteration. Bahia and San Francisco are
Marked 13 ; Bombay and Baroda, 1001 ; East
Indian, 107; 1081 ; and Great Indian Peninsula,
I.
For Bank shares there has been a very moderate
inquiry, London and Westminster have receded
to 104 1044; imperial Ottoman have improved to
84, and Union of London to 381.
a .Miscellaneous and Finance Shares are very in-
owe, and there is no change of importance to re-
port in values. Anglo-American Telegraph are
marked 18i ; Fore-street Warehouse, 131 ;
soanta Financial, 84- ; Peninsular and Oriental
L
, 42 ; and Viceroy of Egypt's Mortgage
at 681.
Atlantic and Great Western
Railway Debentures