The Sun.
London, England, 1867-11-08 00:00:00

MONEY MARKET

AND

COMMERCIAL INTELLIGITCZ,

TWELVE O'CLOCK.

There has been rather more inquiry in the general
Discount Market, but no change can be reported in
the rates current for the negociation of first-class
short-dated paper, which still remain at about 1/ i
per cent. .

The Bank of Holland has raised its rate of dis
count from 3 to 31- per cent.
Annexed arc the latest prices of bullion from
Messrs. Mocatta and Goldsmid's list:-13ar gold,
775. 9id. per oz. standard ; do., Parting, 78s. ;
doubloons, Spanish, 753. 61. to 765. ; do., Mexican
and South American, 735. 9d. ; United States
eagles, 763. 31d. to 4id. ; bar silver, 53. Ito id. ;
do., contingent gold (5 grains and upward:), ss. ld.;
dollars, Mexican, 4s. lOkd. to 11. d. ; cake silver,
58. sfd.
Subjoined is a comparison of the present position
of the Bank of England and the price of Consols
with the corresponding week of last year :

Same Week
At Present. last Year.
Bullion £22,333,297 £16,891,606
Reserve 12,726,382 8,330,276
Notes in circulation 21,606,915 ... 23,561,330
Rate of discount ... 2 per cent. ... 4 per cent.
Price of Consols 911 89f
The return from the Bank of England for the
week ending the 6th of November gives the fol-
lowing results when compared with the previous
week :—.

eet ... ... ... £3,061,535 ... Decrease £10,788
?alone depostta ... 5,396,899 ... Increase 475,803
Other deposits ... 18,746,986 ... Decrease 817,642

, .
On the other side of the account :
Clerernmantseeurities £12,891,203 No alteration.
Other securities ... 16,788,642 Decrease 46,437
Rotes unemployed 11,610,585 ... Decrease 204,675
The amount of notes in circulation is £24,606,915,
being a decrease of £7,940 ; and the stock of
bullion in both departments is £22,333,297, show-
ing a decrease of £364,091 when compared with the
preceding return.
The return of the Bank of France exhibits an
increase of cash on hand of £680,000 ; the advances,
£40,000 ; private accounts, £40,000 ; and the
Treasury balance, £4,000 ; while the bills dis-
counted have decreased £2,120,000, and the rates
£1,580,000.
At the meeting to-day of the Scottish Australian
Mining Company, Limited, the directors submitted
to the shareholders their report and accounts of the
operation of the company in Australia and London
for the six months ending on the 30th June last.
The Lambton property, which is situate directly
West from Newcastle, at the distance of four and
a half miles, consists of 1840 acres of freehold land,
and 280 acres of leasehold land, together 2,120 acres.
Throughout the first half of the present year
the coal trade of New South Wales has
been well maintained, and the quantity of coal pro-
duced and disposed of by the company during that
Period cannot fail to be regarded by the proprietary
as very satisfactory. The quantity of coal raised and
sold from Lambton Colliery during the six months
ending at the 30th of June, 1867, was 85,150 tons,
as against 72,219 tons in the corresponding period
of 1866. The price obtained by this company and
the other principal colliery owners in the colony, in
all sales and contracts effected between the Ist of
January and the 30th of June last, has been
3d. per ton of large coal put on board
anin at the port of Newcastle ; but inasmuch
83 some heavy contracts at the rate of Bs. 3d. per
ton had been entered into shortly before the price
Was raised, to the extent of ls. per ton, at the end
of last year, that lower rate (Bs. 3d.) is the price
Which has been realised for a very considerable por-
tion of the quantity shipped during the period now
Under review. The net profit from the colliery
for the half year at present to be reported on
(including £ll3 4s. 10d. received for rent of
cottages on the Lambton property, &c.), after
writing off the sum of £1,589 6s. 41. to meet
Wear and tear, depreciation, &e., was £7,637 2s. 3d.
The profit realised in the six months afford a divi-
dend at the rate of 10 per cent. per annum, and it
Would be very agreeable to the directors to feel
that they were fully warranted in proposing that
such a dividend should be paid. They think it on the
Whole best, however, to adhere to the same rate of
dividend as was paid on the last occasion. Their
Principal reasons for this course are--firstly, the
present position of the Cadia copper mines. It
I}3eeins on the whole probable that there will be a
the
in connection with this company's interest in
e• C. C. Mining Company, and in this antici-
pation, the directors, as will be observed below,
fay') deemed it advisable to commence to replace,
r°l3l profits realised, some portion of the outlay
connected with this investment. Secondly, the
iziats of matter as regards the price of coal ; which
Tka°t quite so satisfactory as might be wished.
th" general revenue account of the company, for
ishe six months ending at the 31st of December last,
a,c/Iva a balance of £7,051 19s. 4d. This profit the
are W$
propose to dispose of by paying a dividend
l'o the rate of 7i per cent. per annum, free of in-
:e-tax, on the capital of the company, £120,000,
6:lela will require £4,575 ; reducing the amount
Aending at the debit of o 7
Cadiangullong Suspense
ac by £1,500, and carrying forward to next
~p,'°unt a balance of £976 19s. 4d.--.£7,051 19s. 4d.
'4.11e directors proposed to make the dividend pay-
: °4 Wednesday, the 20th of November next.
titilrn. the Foreign and Colonial Produce Markets
ing the last few days there has been a fair
arunt of business entered into. The dealings in
ecigar have been to some extent, at an advance of
a tAar evvt. Coffee has supported full values, and
13utaue. Public sales of tea late rates have been well
tiee tiled. Cotton has ruled a shade firmer, while
tl,s' saltpetre, and tallow have been in limited re-
vit, Without change in values.
Atlantic and Great Western Railway Debentures
14_7 declined to 25 26, and the Consolidated
urtgage Bonds 4-, to 191 20i.
bicWith
regard to the corn market at Birmingham
beta Cave's circular for the week states, that the
L.r feeling which was noticeable on Thursday
rort,,,a°°4 gave way under the influence of large
of -yn arrivals at the close of the week, and most
Qe country markets, Friday and Saturday, were
exceed_ Y
nellerB'.uglY dull, with little or no demand from
other grain also has been difficult of sale,
414 alto a
dePre getner the tone of the corn trade has been
es ed.

Two O'CLOCK.
?The new Hungarian Loan of £1,000,000 will bed
.14-45tialit out on Monday next by the London ati
15134titY Bank. The prospectuses are not yet fully
...epared.
414 further telegram has been received relative to
l
Bteeitirriearte at St. Thomas'. The Royal mail
h Amer
r Rhone at the time, was about to
.depart
board with ' most of her cargo and specie on
11(3-.'' as well as the passengers, of whom she
iltsually brin,l3
„ bi.;- a considerable number. The telegram
:tell "'at the whole of the crew and
Terms
lost, with the exception of 12 of the latter.
passengers
Many Particulars are awaited with great anxiety..tr
ceillY of the sailing ships lost were small in
onial vessel B•
to There
English is
firmer tone exhibited in the. market
.
Funds, but prices remain inactive,
_ °nBols for
money being 94f 1, and for tho account
''xrdiv. the sth December, 93.
524 e :New Threes are 91 / ; Reduced Annuities,
3,k Red Sea Telegraph, 201 ; Exchequer Bills,
cl_B* Prem. Bank Stock, 246 247 f ;India 5 per
Qats., 114/ i
i Cents., 104 ;
; Enfaced 4 per Cents.,
- Per 872 ; ditto
1877, 1031. and ditto Rupee Debentures,
been
in the Foreign Stock department has
41711 inactive Foreign
and the variation, consequently,
,i'i
12 unimportant character. Greek continue at
171 II; Mexican 141 15i ; Spanish Certificates,
a i ; Spanish Passive have however advanced
4, to
„, , 19i i ; but Italian have declined i, to 441;
-kui rurkish 5 per Cents. i, to 31:1 i.
United Securities show a slight advance.
s'-', lted States have improved 1, to 70/ 71 ; Erie
flares I, to 46+ 47 i and Illinois I, to 81/ 82/.