The Sun.
London, England, 1867-04-16 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
Gold is still arriving in large quantities from
Australia and other sources of supply, and it is ac-
cumulating at the Bank because the export demand
for the metal, as also for silver, is unusually small.
Nor does there appear to be any contingency likely
to reverse this state of affairs for some time to come.
Tile balance of trade is in favour of this country,
the exchanges are almost stationary, and in the
principal money markets of Europe the rates
for discount are almost uniform, the average
lowest quotations being as follows :—London,
2-1 ; Paris, 2 ; Frankfort, 21 ; Hamburg, 21 ;
Berlin, 21 ; Amsterdam, 2i ; and Brussels, 2- per
cont. It will be seen that the differences are so
sight as to render the transmission of bullion to the
Continent an unprofitable operation.
14 the Discount Market to-day there is no per-
ceptible change beyond a slight increase in the de-
mand in connection with the settlement in foreign
bonds and the various classes of shares, but the
effect of this will be of a transient character. The
inquiry, though a little larger, is still very moderate,
and the terms for accommodation are as easy as
ever.
With reference to the Venezuela Loan of 1864
the General Credit and Discount Company
Limited, have given notice that against the half-
Year's interest (at the rate of £3 per cent.) due Ist
April, 1867, on the bonds of the above loan, a part
Payment out of the fundsqln hand at the rate of
.78. 6d. per cent., will be made on and after
Tuesday, 23d April (Saturdays excepted), at the
temporary offices of the company, 27, Austinfriars.
The Red Jacket, from Australia, has brought
£66,000 in gold.
An influx of £lOl,OOO in gold took place at the
Bank of England yesterday, together with an efflux
of American eagles to the amount of £l,OOO.
The traffic receipts on the Atlantic and Great
Western Railway for the third week in March
amounted to $116,134, against $93,762 in the cor-
l'esponding period last year, showing an increase of
$22,372.
In the report of the Telegraph Construction and
Maintenance, to be presented at the meeting on the
30th instant, the directors congratulate the pro-
prietors on the successful completion of the con-
tion tracts taken during the past year, and in addi-
to the 600 miles of submarine cables
the
aid down by the company they have during
Year manufactured and submerged 2,167 miles of
cable. After reserving the sum of £lO,OOO for
maintenance of the Malta and Alexandria Tele-
graph there remains a balance of profit of
£122,426 Os. 5d., from which is deducted the sum
of £13,213 125., the interim dividend of 2} per
cent. paid to the proprietors to June 30th,
186 or 6, leaving the sum of £109,212 Bs. sd.
f disposal, which the directors propose to
appropriate as follows :---To pay to the pro-
prietors the balance of interest on capital at 5 per
cent.) £15,246 155., and a further dividend at 5 per
Cent, per annum, £30,529 10s., making up 10 per
Cent,
Per annum (free of income-tax), and out of
the reserved fund a sum of £35,328 19s. 4d., which
Will at once increase that fund to the maximum
amount of £50,000 mentioned in Article 8 of the
articles of association, and to carry £28,089 4s. ld.
to next year's profit and loss account.
In the Foreign and Colonial Produce Markets
during the last few days there has been very little
animation. The operations on tea having been
Postponed until the public sales, which commence
to-day. Sugar has remained without any material
alteration in value, while superior qualities of coffee
have maintained full rates. Tallow has been
neglected, and quotations for present and forward
delivery are a shade lower.
At the adjourned meeting, held to-day, of the
Oriental Mutual Steam Company the report and
statement of accounts for the year ending the 30th
September,t 1866, was submitted. It was stated
thhat the gross receipts of the steamers, exclusive of
voyages made on the river Jhelum, amount to
, 17s. 5d., against £37,651 lls. 9d. in the
Year 1864-5, giving an increase of £16,699 ss. Bd.;
while the net receipts, after deducting all working
charge
gal
account p
eereceding
the 8, are £4,117 17s. 9d. in excess of those of
year, leaving, instead of a loss, a
of £2,130 16s. sd. at the credit of revenue
t on the 30th September last.
the4l the meeting held to-day of the Agra Bank
-_
a report of the directors was submitted and
clopted by the shareholders.

Two O'CLOCK.
toB,IIBIIA after a steady and substantial advance
prices, sales of Consols have been slightly pressed
claYi causing a tendency towards reaction.
.everal speculators, who bought when quotations
ii-wctirere lower, have closed their engagements to
oee the profits within their grasp, but the effect
tittle
.f ithese movements, after all, has been of
importance, and the market, supported as it is
a
b°na ,fide investments, confidence in home policies
t" diminished apprehension both as regards the
441-ixembourg affair and the Spanish difficulty, is
'Very firm. Nevertheless Consols, at the present
lloMent, are 4 lower than they were last evening,
E9ll for transfer as well as for the account.
ue New Threes and Reduced Annuities are 891 ;
(ohequer Bills, 17s. prem ; Bank Stock, 251
253; India Stock, 217 ; ditto 5 per Cents., 1094 4 ;
ditto
per cents., 94 ; ditto Enfaced 54 per cents.,
8i ; and ditto Bonds, 525. prem.
Italia
The Foreign Stock Market continues firmer.
n
have advanced 4, 484 49 ; Spanish Passive,
4) to 204 ;
Certificates 4, to 131 j ; Chilian Scrip
dis t° 44 34 dis. ; and Danubian Scrip 4, to 64 54
; Mexican have declined 4, to 151 16 ; Greek
4)
to 121 i3i while Russian Scrip is 44 34 dis.
dividend."t'lle dealings in the Railway Share Market have
been to a fair extent, and in a few instances prices
more firmness. Lancashire and Yorkshire
wave improved 11 ; Great Northern A Stock, North
Ttern) and Manchester, Sheffield, and Lincoln,
jet," 1 ; Metropolitan, Midland, and South Eastern,
; Great Western, ; and Great Eastern, 4.
Thce Foreign and Colonial lines are rather flat.
while
of
,„,reat Luxembourg have declined to 94 ; Great
Canada, to 134 1 ; East Indian, to 1074 ;
tArnerican
bile Great Indian Peninsula have improved to 108.
Securities continue steady. United
to aell have risen 1, to 71/ 72 ex div. ; Illinois 1,
A i 77 ; but Erie Shares continue at 38 4.
-ettlantic
and Great Western Railway Debentures
killain steady at 31 32, and the Consolidated
73Ptgage Bonds at 22 224.
re auk Shares are, dull, Union of London having
receded to
London and Westminster, to 93 ;
zrilllerial Ottoman are marked 84 ; Bank of New
181 ; and Bank of Australasia, 61.
rat -'scellaneous and Finance Shares are in mode-
ree request. Atlantic Telegraph 8 per Cents. have
tieeded to 4i ; and Telegraph Construction ;and
4illtenance, to 111 121.

------
a.„ ABITIMII TUNDS—TYPO O'CLOOL.
a ‘IO.VERNMENT FUNDS.
ut.
91 i
itt kle Consols
4:8 0. Account, MaT 9 9ll 1
1. Pent, Reduced B9l i
i,_w__ 0 Per Cent B9i 1 i
_
,it,
s'7o" 2u. t oPse,
4_4'410. per Cent. Jan. 1873 —
expire sth Jan., 1880
LV, • for 30 yrs, expire sth April, 1885 —
r3Co6ynrts*,eran. 1894
z".? (Red Sea Telegraph), Aug., 1908 —
p__
'4,,quor I3ills, £l,OOO, 3 and 4 per et
_...
pinm
Do
£5OO
17 poi
13,2,00. xioe a, .£2OO
°f England Stock. 01 per Ceut
1 INIMA.IN GOVERNMENT SECURITIES.
41,0tati SIOCk, 10i per Cent., AprillB74 217
iN4-'O. Account
.....). 5 ,
109 i 1
Do. A per Lout. July, 1880
91
Do. 'eye': Cent., Oct. 1888

,ertilicates
Enfaced Paper 4 per Cent
Do 5 per Cent., Jan. 1872
1081
ri°. 5i per Cent Ma 1879 A°. eb., 5 per Cent., Aug. 1873
52 pm
0. Bonep, 5 per Cet., £l,OOO
pm
Do. under Xl,OOO
itr,eut. roxviGx FUNDS—TWO CAL...LOCK.
.11P ine Republic, 6 per Cent
tr,,3'rian Fonda, 5 per Cent, 1859
gilian 5 per Cent
per Cent., 1852-58-60
I)°'
62i
1803
114 Cont., 1d65