The Sun.
London, England, 1867-01-22 00:00:00

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MARKET

AND
COMMERCIiL INTELLIGENCE,

TWELVE O'CLOCK.
A. steady business is reported to-day in the Dis-
count Market, and also at the Bank of England.
The rates at which accommodation can be obtained
do not exhibit the slightest change.
Bar gold to the amount of £7,000 was with-
drawn from the Bank of England yesterday.
It is notified that Mr. J. 11. Crawford, late of
the Bengal Civil Service, has joined the Board of
Directors of the East India Land, Credit, and
Finance Company.

The directors of the Consolidated Bank have
issued their report, preparatory to their meeting
on the 24th inst., in which they declare a divi-
dend at the rate of 5 per cent. per annum, free
of income tax.

In the foreign and colonial produce markets dur-
lug the last few days there has been a moderate de-
mand for sugar, which has fully maintained previous
rates. The operations in tea have been to a fair ex-
tent on the part of the trade ; while in rice only
moderate transactions have been reported, at
about former rates. Coffee has been in good
request, particularly superior qualities of plan-
tation Ceylon, which has realised full prices.
In tallow only moderate dealings have taken place,
chiefly of a speculative character, and quotations
for both present and forward delivery show no ma-
terial alteration.

The Union Bank of Australia have given notice
that they are authorised by the Wellington (New
Zealand) Government to negociate a loan for
£50,000 in debentures of £lOO each, bearing interest
at the rate of 8 per cent. per annum. The princi-
pal will become due in July, 1886, and both princi-
pal and interest are made payable in London.
Tenders will be received up to Wednesday, the
30th inst. • -

The Ocean Marine Insurance Company have
issued their report to the Ist December last. It
appears from the accounts that there is a balance
on underwriting and interest account of £215,027
after payment of all adjusted claims and all official
charges and expenses. It is recommended by the
directors that this amount shall be applied as fol-
lows :-XlO,OOO in payment of ss. per share, addi-
tional interest ; £40,000 in payment of bonus of £1
per share; £lO,OOO added to the reserve fund, thus
increasing it to £50,000 ; £7,630 7s. 6d. to unap-
propriated reserve—£.67,63o 7s. 6d.

Two o'CLocx.
According to Reuter's telegram, this morning,
the French Rentes were 69f. 27c. Heavy.
There is still a general feeling of heaviness, but
for what reason beyond the inertness of speculation
it is difficult to conjecture, monetary and political
relations developing no new feature of importance.
Consols are 908 for money and account.
Continued activity has prevailed in the dealings
for the New Chilian Scrip, but at the moment the
Inarket has become quiet, speculators being. very
Shy now that it is known that about £17,000,000
have been applied for, while the amount to be
allotted is only £2,000,000.
Spanish Passive Bonds have advanced I, viz., to
221 s on one of those spasmodic rumours of a set-
tlement; no credence, however, should be placed in
the " oft-told tale," until there is something tangible
jo the shape of an officialdocument, " signed, sealed,
and delivered."

Spanish Certificates, on the other hand, are de-
Pressed the latest prices being 131 i, owing, it
may be assumed, to the circumstance that they are
not includel in the assuring prophecy of the
rumour referred to.

Increased heaviness has been apparent in the
Railway Share Market, and the dealings have been
Very limited. Great Eastern and Midland have
each declined 1 ; Great Western, I ; Lancashire
and Yorkshire, London, Chatham, and Dover,
Manchester, Sheffield, and Lincoln, and South-
Eastern, each 1 ; while North-Western have im-
proVed 1.
The Foreign and Colonial lines remain very
inactive without, however, any material change in
V4hie• Great. Luxembourg are marked 121; South
Austrian and Lombardo-Venetian, 151 ; Great
Western of Canada, 131 1 ; and East Indian,
1071 1071-,
Italian,
Mexican have advanced 1, to 171 181 ; and
Ito HI ; while Turkish 5 per Cents. are
firm at 291 1. ; and Greek at 141.
The Russian Loan Scrip remains at 11 1 prem.
The directors of the St. John d'El Rey Mining
Company (limited) have received the following
l'eport, dated Morro Velho, 17th Dec., 1866 :
Produce for November, 57,434 oitavas ; cost for do.,
£10,566 ; profit for do., £11,604. Produce for 11
days of December, 17,457 oitavas ; yield, 9.206
oitavas per ton.
American Securities show signs of an improve-
In'3nt. Erie Shares have advanced 4, to 43 44 ;
Illinois, 1 to 801 811; and United States 5-20
Bonds 1, to 721 1.
Atlantic and Great Western Railway Deben-
tures remain firm at 50 52, but the Consolidated
Mortgage Bonds have decined /, to 371 374 ex
coupon.
Bank Shares are quiet, and generally support -
previous rates. Alliance remain at 17 171 ; Lon-
don Chartered of Australia, at 221 4 ; London and
County, at 67/ ; and Union of London, at 45.
Miscellaneous and Finance Shares continue in
very limited demand. Atlantic Telegraph 8 per
Cents, have receded to 66} 68 ; Egyptian Trading
Company, to 5 ; General Credit and Discount are
steady at 5/ 1; and Peninsular and Oriental Steam
'lave, improved to 701.