The Sun.
London, England, 1867-03-21 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.
In the general discount market there continues
to be a moderate demand, and the rates, except in

a few exceptional instances, remain unaltered at 21

and 3 per cent.
There were no gold operations at the Bank of
England yesterday.
The bidding for £300,000 in bills on India took
place to-day at the Bank of England. The amounts
allotted were to Calcutta £196,000, to Madras
£4,000, and to Bombay £lOO,OOO. The minimum
price was fixed at is. 11d. per rupee on all the Pre-
sidencies. Tenders on Calcutta and Madras at
Is. Hid. will receive about 54 per cent., and on
Bombay at ls. Hid., about 11 per cent. Tenders
above these prices will receive in full.
At the annual meeting of the National Union
Life Assurance Company—Dr. Lancaster, F.R.S.,
in the chair—the report of the directors stated that
1,012 policies had been issued in the past year, for
assurances of £179,200, producing new premiums to
the amount of £5,448. _ _

A dividend at the rate of 2s. per share has been
declared by the directors of the Don Pedro North
DR Rey Gold Mining Company. The profit and
loss account for the year shows a balance of £10,040.
The profit from January to 30th June amounted to
about £2,332 17s. 7d., and from July to 31st De-
cember £7,707 6s. 11d., the profit for the latter
period being at the rate of 28 per cent. per annum
on the capital of the company.
The coupons of the Egyptian Government Loan
1864, due Ist April, and the bonds drawn for re-
demption, will be paid at the office of Messrs.
Fruhling and Goschen, 12, Austin-friars, Old
Broad-street, on that date, and on any Monday,
Tuesday, or Friday after.
This morning has been issued a Government
paper showing the amount of Exchequer Bills pur-
chased by the Bank of England, and an account of
the sums received and expended by the Commis-
sioners for the Reduction of the National Debt.
The amount to be invested in the quarter for reduc-
tion of the national debt between Ist January and
31st March, 1867, being a quarterly issue, is
£463,272 14s. sd.
Atlantic and Great Western Railway Deben-
tures have declined to 3.21 33i ; and the Conso-
lidated Mortgage Bonds f, to 23i 24.
We are informed that intelligence has been re-
ceived by the East India Irrigation and Canal
Company, to the effect that the cause which ope-
rated to prevent the cultivators in Orissa irrigating
their lands from the company's canals has been re-
moved, the Government of India having renewed
the present land settlement upon the same terms for
20 years more, and undertaken, at any future set-
tlement, not to charge more for irrigated than un-
irrigated land; also that, with a view to give more
extended employment to the suffering population,
and to expedite the extension of irrigation by the
company, the Governor-General had offered to
advance as much money as the company can ex-
pend, in addition to their own regular outlay,
during the current year, and that such offer had
been accepted by the company's manager.
_

A report and statement of accounts of the Rio
de Janeiro City Improvement Company (Limited)
has been issued. The directors state that they have
much satisfaction in announcing that the great
work undertaken by this company has been vir-
tually completed, and that from Ist of January last
the Imperial Government of Brazil became liable to
pay to .the company, half-yearly, at the rate of 60
milreis per houle per annum, upon 12,737 houses.
There remain still to be brought into revenue 1,875
houses, and these will come gradually into payment
during the current six months. The total capital
required for the undertaking will exceed that raised
on shares by £75,000. It will be necessary to pro-
vide for this by the issue of debentures, as announced
at the last general meeting. Of this amount about
£40,000 have already been placed ; the rest the
directors propose to offer to the shareholders and the
public, and as the present assured net income of the
company is about £64,000 per annum, and will
shortly be nearer /75,000, while the interest on the
debentures will be under £5,000, it would not be
easy to find a better or safer investment at 6 per
cent. than is presented by these securities. At the
present rate of exchange your directors cannot pro-
mise you a higher dividend than 7i per cent. per
annum ; but, with the improvement of the ex-
change, your income will be proportionately in-
creased, whilst the natural growth of the city, and
of the taste for luxury and refinement, as exhibited

by the orders for extra private works, will tend still
further to augment the net revenue for the benefit
of the shareholders.

The last week's Railway receipts, ascertained up
to this day, are in round figures as under :

1867. 1866.
... 65,255 70,180

Great Western

North Western
South Western

-109,754 108,617
.. 20,156 21,250

Brighton—:::
Midland ...
South Eastern

16,113 16,522
... 48,711 60,148
18,855 19,025

Great Northers ... ... 35,723 35,468
Lancashire and Yorkshire... 42,230 41,726
Bristol and Exeter... 5,900 5,826
North Eastern „.. 65,697 64,262
Manchester, Sheffield, and Lincoln 19,610 19,810
Great Eastern ... 80,951 31,272
London, Chatham, and Doter 7,665 7,824
Glasgow and South-Western 9,339 10,270
Great Southern and Western, Ireland ... 8,509 7,539
Metropolitan 4,013 3,764
Midland and Great Western, Ireland ... 4,878 4,841
North British • .„ ... 23,017 23,261
The returns, when compared with those of the
corresponding period of last year are, owing to
the late severe weather, of an unsatisfactory cha-
racter. On the Great Western there is a decrease
of £4,925 ; on the South-Western of £1,084 ; on
the Brighton of £409 ; on the Midland of £1,437 ;
on the South-Eastern of £170; on the Manchester,
Sheffield, and Lincoln of £2OO ; on the Great
Eastern of £321 ; and on the London, Chatham,
and Dover of £159 ; while the North Western
shows an increase of £1,137, the Great Northern
of £255, the Lancashire and Yorkshire of £504,
the Bristol and Exeter of £74, and the North-
Eastern of £1,435.

Two o'CLoci.
According to Reuter's telegram from Paris to-
day the French Rentes were 68f. 97c. Firm.
Although there are few transactions at the Stock
Exchange, business in the market for the English
Funds continues 'steady. Additional firmness is
observable to-day, and the prices have advanced 1
per cent., Consols closing at 91* I for transfer, and
at 911 1 for the April settlement. The New Threes
and Reduced Annuities are 891 1 ; India 5 per
Cents., 1091 110 ; ditto Enfaced 5 per Cents.,
103 I; ditto 5} per Cents., 108 ; and ditto Bonds,
435. prem.
Very little business has been transacted in the
Market for Foreign Stocks, but prices continue
steady. Italian have declined I, to 531 I ; while
Greek have advanced 1, to 154 16 ; Turkish 5 per
Cents. /, to 38k I ; the Russian Loan Scrip *, to
24 prem. ; and Chili= Loan Scrip k, to 2 I*. dis.
Mexican are firm, at 171 ; Spanish Passive, at
22i 4; the Certificates at 141 1 ; and Danubian
Scrip, at 11 1 dis.
A moderate amount of business has been trans-
acted in the Railway Share Market, and in some
instances prices show an upward tendency. Great
Eastern, London, Chatham, and Dover, North
Western, and South Eastern have each improved 1 ;
Metropolitan and Midland, each ; and Great
Western, 1 ; while Caledonian show a decline of 2s.
prem., the highest point recently touched.
In the Foreign and Colonial undertakings there
has been little change of importance. Dutch-
Rhenish are marked 181 ; Great Luxembourg, 101
; Great Western of Canada, 131 ; Grand Trunk
of Canada, 191 1 ; and East Indian, 1074 1081.
Bank Shares have remained without any material
alteration. London and County are dealt in at
56/, and Union of London at 434.
Miscellaneous and Finance Shares are in some
instances a shade firmer. An glo-Am erican,Telegraph
have improved to 161 ; Hudson's Bay Company, to
16i ; and National Discount Company have
declined tto 121.
.A.naerican Securities are lower. Erie Shares have