The Sun.
London, England, 1867-07-26 00:00:00

NONEY MARKET

AND
COMMERCIAL INTELLIGENCB,

TWELVE O'CLOCK.

The demand for discount accommodation in the
general market continues on a very restricted scale,
and notwithstanding the reduction in the Bank rate
there appears to be no improvement in the general
course of trade. The rates current for the negotia-
tion of first-class commercial short-dated paper is
14 per cent.
There were no gold operations of any importance
at the Bank of England yesterday.
The Mooltan, from Alexandria, has brought
£81,786, and the City of London, from New York,
£276,613. The steamers which left New York on
Wednesday, for Europe, will bring £330,000.
Atlantic and Great Western Railway Debentures
are steady, at 28.30, and the Consolidated Mort-
gage Bonds at 22i 23}.
Monday next is appointed as a special settling
day in the scrip of the Chilian 7 per Cent. Loan,
1866.

At the meeting held to-day of the Scottish Aus-
tralian Investment Company the report for the half
Year, to 31st December, 1866, in Australia, and to
the 30th June last in London, was presented. It
stated that the gross profits realised in the colony
during the above period are £27,785 ss. 10d., of
Which (as subsequently explained) £2,500 are placed
in suspense. To the balance of £25,285 ss. 10d.
has to be added the sum of £515 55., received in
London for commission and transfer fees, &c.,
!baking a profit for the half year of £25,800
?s• 10d. The profits of the six months ending in
the colony at 31st December last have been
beyond the average of those of previous similar
Periods ; and it has been considered judicious not to
bring into account the full amount of them, but to
Place £2,500 thereof to the credit of a suspense
account, to be dealt with as may be most conducive
to the interests of the company. The directors pro-
Posed a dividend, payable on the 7th of August
next, on the ordinarystock of the compay, £300,000,
at the rate of 10 per cent. per annum, less Income-
tar, which will require £15,000, and leave £137
178. Bd. to be carried to- the credit of the reserved
fund, which will then amount to £8,155 3s. Bd.
Rather more activity has been apparent in the
Foreign and Colonial Produce Markets. A good
business has been reported .in sugar, and superior
qualities have maintained full rates. Coffee has
,been in moderate request, and East Indian descrip-
tions have realised high prices. Tea and rice have
been dull, while in tallow the operations have been
to a moderate extent, at late rates for present and
forward delivery.
The return from the Bank 95 England for the
week ending the 24th July gives the following re-
'tits when compared with the previous week :
Rest
Public* .£3 361 249 ... Increase £6,921
Cleposits 4:697:247 ... Increase 78,874
°ther deposits 20,775,813 Decrease 119,712
On the other side of the account :
government securities £12,830,773 No change
li.t4:3r securities ... 17,248,489 .., Decrease .£328,018
'458 unemployed 12,555,180 Increase 194,925
I,:rhe amount of notes in circulation is £24,002,715,
,"1,11.g an increase of £196,715 ; and the stock of
Ilthea in both departments is £22,771,864, showing
au increase of £85,138 when compared with the
Preceding return.
Subjoined is a comparison of the present position
.. the Bank of England and the price of Consols
with the corresponding week of last year :
Same week
At present. last year.
tank bu 1 11.
-°ll *" .£22,771,864 .£13,716,829
es in
•reserve... ... 13,769,149 3,453,739
Notesß in circulation ... 24,002,715 ... 25,263,090
Rate of discount ... 2 per cent. ... 10 per cent.
Price of Consols 94f .• 881
•
At the meeting of the Spanish certificate-holders
Yesterday, Mr. David Robertson, M.P., presiding,
the chairman reviewed in cordial terms the course of
the negotiations that have resulted in the present
Proposals, and resolutions for their acceptance were
Unanimously adopted. In recording this satisfac-
tory event, it is proper, however, to recall the fact
that the same terms were proposed some time ago,
and that if they had then been accepted the in-
terest on the stock given would in the interval
have been an additional benefit to the parties con-
cerned.

The report of the Anglo-American Telegraph
Company (Limited) has been issued, in anticipation
c - the general meeting on the 2d of August next.
It States that the net profits for the eleven months
"ding on the 30th June are more than sufficient
to meet the sums of £125,000 and £25,000 payable
to the company as a first charge upon the working
of the two cables and the lines of the New York,
~..Newfoundland, and London Telegraph Company.
last
charge for repair of the cable damaged in May
While,
will amount to between £ll,OOO and £12,000 ;
with respect to the accident which occurred a
tew days
t ago, it is stated that immediate steps will
taken o effect the necessary repairs. The direc-
)ra recommend a dividend of 255. per share, which,
all the 20s. already paid, will make nearly 23 per
tent. for the year. They further recommend that
t sums of £209 2s. sd. and £10,680 4s. 6d. be car-
✓ied forward to the credit of next year's revenues.
The Bank of France return this week shows an
ilt, crease of £460,000 in the stock of bullion, and
t stagnation of business is further indicated by a
reduction of £310,000 in the bills under discount.

Two o'CLocK.
bather more business has been transacted to-
dap iu the Market for the English Funds, which,
ring to a preponderance of speculative sales, have
feelined I, viz., to 93i for money, and to 93i 94
(3 the account. The New Threes and Reduced
Annuities are 93f ; Bank of England Stock, 2571 ;
d
do
Stock, 220 ; ditto 5 per Cents., 111-4- ; and
4 poem. per Cents. 98} ; and ditto Bonds, G6s.

s,Sclale depression has prevailed in the Foreign
o clink Market, and prices generally exhibit a de-
ce
Italian are lower, at 48 ; Mexican 1, at
,i I; Spanish Passive /, at 21 1 ; the Certifl-
ates I, at 16 1 ; Turkish 5 per Cents. 4, at 291 1 ;
and the Chilian Scrip at 21 2 dis. ; Greek, how-
ever, remained unchanged at 131 14.
firmer tone has prevailed in the Railway
"re Market, and an advance of about 1 to 1
per
cent. has been established. Great Western,
righton, North Eastern (Berwick), and South
4.4 astern have each improved 1 ; North Western
~.411c1 Midland, each i ; and Metropolitan 1 ; while
r4ileaslaire and Yorkshire, and Manchester, Shef-
-11 and Lincoln each declined 1.
The Foreign and Colonial lines are flat. San
ewo have receded to 151; South Austrian and
(3111bardo-Venetian remain at 14/ ; Great West-
:ll of Canada, at 141 ; East Indian, at 108 1081 ;
nd Great Indian Peninsula, at 1071.
B°
American Securities are flat. United States 5-20
°, ut.i_cis have declined 1, to 721 ; and Erie shares
Steady.
oel3ank shares show little animation, and the few
clings reported have been at about previous rates.
651aucc are marked 131 ; London and County,
; London and Westminster, 102 1021 ; and
11400 of London, 39i ;I.
4t4iBcellaneous and Finance Shares generally are
Rt.„Bl,ightly reduced rates. Anglo-American Tele-
toillQ have receded to 17-87-; Berlin Water Works
vi2l ; Peninsular and Oriental Steam to 48 ; and
c
er°Y°f Egypt's Mortgage Loan to 67:: ; National
ic()lint Company remain steady at 12.