The Sun.
London, England, 1867-06-28 00:00:00

NO.NEY MARKET

AND
COMMERCIAL INTELLIGENCE,

TWELVE O'CLOCK.

The demand for accommodation in the general
discount market has continued moderately active,
and at the Bank of England the inquiries have been
numerous, the rates current for first-class bills being
fully 2+ per cent.
At the Bank of England yesterday there were no
gold operations of importance. There is no change
in the silver market.

The return from the Bank of .England for the
week ending the 26th June gives the following re-
suits when compared with the previous week :

Rest £3,123,026 Increase ... £2,936
Pulelic deposits 11,105,413 ... Increase ... G 05,022
Other deposits ... 17,854,106 ... Increase —866,131

On the other side of the account :
GoTernment securities £12,886,314 No change.
Other securities ... 20,098,076 Increame.£l,sBl,72B
Notes unemployed 12,897,340 ... Decrease... 113,860
The amount of notes in circulation is £23,204,910,

being an increase of £505,240 ; and the stock of
bullion in both departments is £22,286,684, shoring
an increase of £403,914 when compared with the
preceding return.
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
At present. last year.week
Bank bullion A 22,286,684 ... A 15,042,399
Notes in reserve... ... 12,897,340 4,346,545
Notes in circulation 23,204,910 24,823,990
Bate of discount ... 21 per sent. 10 per cent.
Pries of Consols ••• 941 ••• 87
The return of the Bank of France for the week
ending Thursday, June 27 inst., shows the follow-
ingalterations when compared with former accounts.
The cash has increased £556,000, Treasury balance
£280,000, and the current account £466,640. The
notes have decreased £460,000, but the advances
and bills discounted exhibit no variation.

The directors of the New Zealand Loan and Mer-
cantile Agency Company (Limited) have resolved
to pay an ad interim dividend, at 10 per cent. per
annum, for the past six months, and the warrants
will be issued on the 3d prox.
A remittance of £503 7s. 9d. has been received
by the mail from Guayaquil on account of the divi-
dend on the debt of Ecuador.

Messrs. Baring Brothers and Co. have received a
remittance from the Custom-house of Santa Marta
of £3,337 12s. 2d. on account of the New Granada
dividend.

The importations of the principal articles have
been larger as regards coffee, wheat, unrefined
sugar, and tea ; but smaller in raw cotton, rice,
flour, and wine. The shipping accounts also exhibit
a slight increase in the amount of tonnage employed
in the foreign and coasting trades, for both the
entries inwards and the clearances outwards, com-
pared with the corresponding period of last year.
The official returns relating to the Trade and
Navigation for the five months ended May 31
have been published, and show that the total de-
clared value of the exports from the United King-
dom for that period have been £72,123,393 against
£78,227,710 in the, corresponding period of the pre-
vious year, being a decrease of £6,104,317. The
decrease has been most perceptible in beer and ale,
cotton yarn, cotton manufactures, haberdashery
and millinery, hardware and cutlery, linen manu-
factures, and woollen and worsted manufactures.
Atlantic and Great Western Railway Debentures
are steady at 30 32, and the Consolidated Mortgage
Bonds have advanced to 24k 25i.
The half-yearly meeting of the Bank of New
South Wales was held at Sydney on the 30th April.
The report showed the divisible profits for the half
year ending 31st March to amount to £104,689 2s.
id., which was disposed of as follows :—£75,000 for
a 15 per cent. dividend, £25,000 as a 5 per cent.
bonus, making in all 20 per cent. per annum ; leav-
ing £4,689 2s. Id. to be carried forward to the new
account. It was stated that the business had
steadily progressed, a fact indicated by the figures.
The half-yearly meeting of the Bank of New
Zealand was held at Auckland on the 30th April,
when a very favourable report was presented to the
shareholders. The total profits for division to the
30th March amounted to £57,064 33. Id., and a
dividend of 10 per cent. and a bonus of 7s. per
share, equal to 17 per cent. per annum, were de-
clared. This amounted to £42,500, and £14,56435. Id.
was carried to the new profit and loss account. The
report was unanimously adopted. The dividend on
the shares on the London register is payable on the
Ist July.
At the meeting held to-day of the Bombay,
Baroda, and Central India Railway, the report of
the directors fully explained the position of the
affairs. The total receipts on capital stock, shares,
and debentures amounted to £6,180,982, of which
the sum of £532,748 was received in the last half-
year. The total expenditure (including stores and
materials) amounted to £6,526,661 18s. 11d., of
which £3,789,606 18s. 7d. had been spent in India
and £2,737,058 Os. 4d. in England. Further ex-
penditure in India, to a considerable extent, had
been incurred;but has not yet been fully brought
to account, as it is waiting the audit of the Bombay
Government. Under arrangements recently made
in India, it is believed that these arrears of audit
will shortly be entirely disposed of.
The requisition calling upon the directors of the
Mineral Rights' Association to convene an extra-
ordinary meeting of the shareholders for the pur-
pose of considering the desirability of voluntarily
winding up and distributing the remaining assets
has been most numerously signed, and will be
lodged this day with the managing director.
In the foreign and colonial produce markets, dur-
ing the last few days, there has been a very limited
amount of business transacted. Sugars have in
some instances ruled at rather lower rates, and
owing to the large quantity of coffee brought for-
ward at public auction prices have experienced a
slight downward tendency. Rice has been inac-
tive, while in tallow only moderate transactions have
been reported at steady rates.
With regard to the Corn Markets at Birming-
ham, Mr. E. W. C. B. Cave states as follows :
Weather during the week has been highly favour-
able, not only to the growing crops, but also for the
hay harvest, which is proceeding very rapidly. It
is generally supposed that the corn harvest will
be from seven to ten days behind the
average, caused by the unfavourable weather
which so long prevailed. The arrivals of
foreign wheat continue moderately liberal,
the demand being quite in retail, and buyers acting
with the most extreme caution ; consequently the
bulk of the imports has gone to granaries, and in all
probability this dullness may continue until the
weather should prove adverse, in which case excite-
ment and higher prices would be the natural result.
At this day's market we had an extremely small
show of fine English wheat—the majority of
samples being stained and sprouted.

Two O'CLOCK.
According to Reuter's telegram this morning,
the French Rentes were 69f. 10c.—Flat.
Business in the market for the English Funds
has exhibited less animation, and a reaction of f
per cent. has taken place, Consols for money being
dealt in at 94f 1, and for the account on the 10th
prox. they are quoted 941 4.
The New Threes are 93f 4 ; Reduced Annuities,
93 1 1 ; Exchequer Bills for March 265. prem., and
for June 235. prem. ; Bank of England Stock,
253 255 ; India Stock, for account, 218 ex div. ;
ditto 5 per Cents., 1081 1091 ; and ditto Bonds
555. to 60s. prem.
In the Foreign Stock values are generally rather
lower. Italian have declined ,to 514 52 ; Spanish
Passive -0-, to 23k f ; Certificates I, to 141 8 ;
Greek 1, to 14k 4 ; and Turkish 5 per Cents. I, to
338 4. Mexican, however, are f higher, at 16k 1.
Russian Scrip remains at 1 prem.
In the Railway Share Market a rather large
amount of buinesa has been transacted, and in a few
instances prices have shown a slight upward move-
ment. Midland have advanced f, and Great
Eastern 4, while Brighton have declined 1. Lou-
don, Chatham, and Dover, North Western, and
South Eastern are a shade firmer.

The Foreign and Colonial lines remain without
change of importance. Bahia and San Francisco