The Sun.
London, England, 1867-02-15 00:00:00

MONEY MARKET

AND
COAIMERCIRL INTELLIGENCE,

TWELVE O'CLOCK

The directors of the Credit Foncier of England
have issued their report, together with a statement
of accounts, made up to the 31st January, 1867.
It states, after the trying and harassing period
through which this and other companies have just
Passed, and to the depression in almost every
branch of joint stock enterprise which still con-
tinues, owing partly to that exhaustive reaction
Which always follows a time of active speculation,
and partly to the great losses experienced by
holders of nearly every description of securities,
it will not surprise the reflecting investor that
from the above-mentioned causes, as well as from
the prudent abstention of the directors from en-
tering into fresh liabilities, apart from those neces-
sary to the development of the various industrial
undertakings with which this company is connected,
the profit and loss account does not, for the first
time, admit of the declaration of any dividend.
In conclusion, the directors state that it will be seen
that if the company is charged on the one hand with
the
amount paid by way of capital, and interest from
the day such capital was paid at 18/ per cent. per
annum, together with the amount paid for pre-
miums on shares, the sum of £2,196,433 will have
to be accounted for. On the other hand, if the
amount of money actually distributed to the share-
holders as dividend, &c., be added, viz., £383,791,
to the net amount of the assets of the company, as
Per balance sheet, £1,812,642, a total is reached of
2)196,433, thus showing not only that no losses
have been sustained by shareholders, even on the
Payment of premiums, but that an average amount
equal to above 18/ per cent. per annum has been
actually paid in dividends for a time embracing the
Whole period from the earliest formation of the ori-
ginal company in February, 1864, up to Jan. 31,
1867,

The annual report of the English and Australian
Copper Company states that the net profit for the
Year ending 30th June, 1866, applicable to dividend,
amounts to £3,824, and declares a distribution of
la. per share payable on the Ist March next.
At a meeting held to-day of the Telegraph to
India Company the directors recommended the
payment of a dividend for the last half-year at
the rate of 5 per cent. per annum.
Affairs in the discount market to-day are with-
out the slightest change of importance. The rates
are very easy and the inquiries moderate.
The sum of £10,0)0 was withdrawn from the
Lank of England yesterday for Egypt.
The Bank of England return, completed to the
Week ending Feb. 13, is of a favourable character.
The bullion shows an increase of £153,189, and
there is an augmentation in the reserve of notes to
the extent of £516,525, while the other securities
have been diminished by £398,876. Annexed are
the particulars :
nubile Deposits
.£6 870 680 Increase ....£873,2-13
UKestther Deposits 17'476'265 Decrease.,. 791,330
i,564,865 Increase ... 5,821
00n the other side of the account :
N„vernment Securities 513,111,068 No alteration.
LUer Securities... 18 317,542 Decrease £398.876
Notes unemployed ... 10,587,295 increase ... 516,525
.The amount of notes in circulation is £22,630,785,
,Deln.g an increase of £393,385 ; and the stock of
oull!on in both departments is £19,177,382, showing
an increase of £153,189 when compared with the
former return.
d 10 the Foreign and Colonial Produce Markets,
during the last few days, there has been very little
animation. The supplies of most of the principal
staples have been light, and prices generally have
remained without material variation.

Two O'CLOCK.
According to Reuter's telegram from Parr to-
tlaY, the French Rentes were 69f. 47c. Heavy. With a very depressed appearance all the Stock
Exchange markets opened this morning. After a
little heaviness prices assumed a more tranquil posi-
tion, and are now considerably better. Consols have
advanced I per cent., viz., to 901 91 for money,
dto 91 for the account. The New Threes and
educed Annuities are 891 901 ; Bank of England
102
eck, 253 ; India Stock, 107 1 ; ditto Enlaced,
i.
The Foreign Stock Market shows very little
change of importance. Turkish 5 per cents. have
advanced +, to 31+ 1; Russian Scrip f, to 21 1
.„ ,
, Prein• ; and Mexican fto 171 ; but Spanish
passive have declined f, to 22+ 1; and the Certifi-
cates k, to 141 1; 'Greek are firm at 141 15 ; and
and the Chilian Scrip at 11.
The transactions in British Railway Shares have
been on an extremely limited scale, and little change
of importance can be reported. Great Eastern and
South Eastern have each further receded 1; while
Metropolitan and Midland have each improved +,
and North-Eastern (Berwick), f
•
The Foreign and Colonial lines have been very
inactive, and prices have been without change.
Paris and Orleans are marked 36 ; Great Wes
of Canada, 141 ; East Indian, 106+ 106 f ; tern
Great Indian Peninsula and
, 105/.
American Securities remain very depressed. Erie
shares have declined f, to 38 39 ; and Illinois shares
I, to 78 79 ; United States 5-20 Bonds are steady
at 73i i.
Atlantic and Great Western Railway Debentures,
however, have advanced 1, to 31 33 ; and the Con-
a°lidated Mortgage Bonds 1, to 26i 27.
Bank Shares continue very dull ; Alliance being
dealt with at 171; Consolidated, 4j. ; London and
county, at 65 ; Oriental Bank Corporation, at 43 ;
tad Union of London, at 44/
Miscellaneous and Finance shares continue in-
active, but in most instances support previous rates.
Credit Foncier of England are marked '3113-16t hs ;
Anglo-American Telegraph, 15+ ; London Finan-
cial) 7 ; and Peninsular and Oriental Steam, 661.
At the meeting held to day of the Thames and
Mersey Marine Insurance Company, the report of
the directors recommended the payment, free of
i
9°7:mac-tax, of the same dividend as last half-year,
tviz., 2s.
per share, and a bonus of 25., making
t,s egether 4s. per share, or at the rate of 20
per
ea'meat• for the year ending 31st December, 1866, on
je Paid-up Capital of the company, and that the
ard be empowered to pay a similar dividend and
'4
_°?ails for the half-year ending 30th June next,
should they deem it expedient.
18An67 is a report from Wheel Buller, Feb. 13,
" Stevens's Shaft.—The 92 West.—The
o7e in this end is 31 feet wide, producing tinny
f k, and letting out a quantity of water, but has
\v as yet drained the 80-fathom level. The 80
sitiel.at is Worth for tin £25 per fathom. The winze
the
'ing under this level is worth £4O per fathom ;
lerg© ng off in this winze in the lode is not so
Stope in the back of this level is worth £9
Th per %t horn.
The 80 West is worth £l2 per fathom.
stope in
the back of this level is worth £2O per
fathom The 70 East is worth £10."
he fon
"nwing is a report from Bryn Gwiog :
course of ore has been cut in the bottom of
fat,.v2 fathoms level at this mine, worth £5O per
u°4l) and the •
mule generally looking better."

MINING MARKET.,T
FRIDAY, Two o'clock.
elation
11l the Mining Market there has been more an.i-
Flation, a,
, uu a fair business has been transacted in
}Vest of Wales, Great Retallack, North Crofty,
andeSt Chiverton, Seton, South Grenville, Redinoor,
4.._ ,hiverton Moor, at steady prices. Annexed
'ce, tl.le current quotations :
taleal4 Catnborne, —s —s ; Chiverton Moor, 64 61 ; Chon-
-1(4,81,Q41, 21 1 ; Clifford Amalgamate, 64 7 ; Cooks
least-edlt:
s,ll 14 ;
Drakewells, —; East Basset, 18 20 ;
101 Ltd", 4 4 ; East Cain Broa, 3 31 ; East Lovell,
X; East Ru 11 31 1 • East Wheal Grenville, 14 2 ;
Great Fake Russ ell, - ' 3a a • Great,
Rbtallaek, slol6 • Great North Downs, „s ,
0,1 50s Great South Tolgus, 103 15s;
9reat Wheal Vor, 17 ;174 •, Marko Talley, 4 41; North
Crofty, 51 :. .
21 2i ; pi.tl'i, North Roskear, 104 114; North Treskerby,
Red, "co of Wales, 34s 3Gs; Prosper United, 3 31;
Grenville-I°°r Os 115; South Condurrow, 16s 18s; South
41;i_, 8s los ; South llerodsfoot, —; Tincroft, 124
1 West Caradon, —; West Chiverton, GO 624 ;
Qh• ' I 13a"et, C 4 66; Wheal Buller,Wheal
Wert 9/
1024 14: `-' 81 ; Wheal Grehville, 18s 20s ; Wheal Se on'