The Sun.
London, England, 1867-07-17 00:00:00

MONEY MARKET

AND
COMMERCIAL INTELLIGENCE.

TWELVE O'CLOCK.
To-day the Discount Market has been very quiet,
and the rates are without the slightest change.
A small sum of gold, amounting to £9,000, was
received at the Bank of England yesterday.

The Wellesley has arrived from Australia with
gold to the amount of £90,000.
Atlantic and Great Western Railway Debentures
remain firm at 29 31, and the Consolidated Mort-
gage Bonds at 23 24.

On Saturday next there will be a holiday on the
Stock Exchange, owing to the review at Wim-
bledon.

We extract the following from " Rylands' Iron
Trade Circular" :—" The manufacturers of the
blqek country had rarely experienced quarter days
so discouraging as those of the present week. At
Wolverhampton, on Wednesday, the complaints of
the condition of trade were louder and more general
than at the commencement of the year, and at Bir-
mingham, on the following day (Thursday), affairs
were not much better. The merchants and factors
do not hold out much hope of any immediate im-
provement, and short time among the artisans of the
district is now more general than ever in all the lead-
ing branches of industry. The continued depression
of the Australian demand—on which so many local
industries almost wholly depend—is becoming quite
serious, and manufacturers engaged for that market
are at their wits end as to what to do with their
workpeople. The South American shippers experi-
ence a decline in the inquiries from that quarter of
the world, which was a couple of months ago so
good a customer to this district. The Cape and
Continental trades remain quiet, and the home de-
mand is by no means buoyant. The announcement
of the death of Mr. Scholefield, M.P., has been re-
ceived with unfeigned regret throughout the black
country, where he was held in great respect by a
large circle of friends."
The following report has been presented at the
meeting of the London and Westminster Bank :
" The directors have to report that, after making
provision for all bad and doubtful debts, paying the
income tax, and setting apart £2,000 towards the
buildings of the bank, the net profits of the bank
for the last half-year amount to £146,065 17s.
2d. This sum, added to £45,889 4s. 3d., the un-
appropriated balance of the preceding half-year
will amount to £191,955 Is. sd. Out of this
amount interest on the Rest or surplus fund at the
rate of five per cent. per annum (£12,000) has been
added to such fund. The directors now declare a
dividend to the shareholders at the rate of six per
cent. per annum, and by way of further dividend out
out of profits a bonus of 11 per cent. on the paid- up
capital. After these payments are made there will re-
Main £39,95515. 5d., which the directors have appro-
priated as follows, viz., £B,OOO to the rest, which will
then amount to £500,000, and the balance, £31,955
is. 5d., carried to the profit and loss account for the
current half-year. The directors will submit reso-
lutions for increasing the capital of the bank by
the issue of 50,000 new shares of £lOO each, and
for allotting the same to the shareholders, and also
for making such alterations in the deed of settlement
as may be necessary to give effect thereto. The
proprietors are aware that on each of the new shares
a sum of £3O is to be paid, viz., £2O per share in
Part payment of the capital, and £lO per share pre-
'llium to be added to the reserve fund. The paid-
up capital will then amount to two millions, and the
reserve fund to one million. •

Two O'CLOCK.
According to Reuter's telegram from Paris to-
day, the French Rentes were 68c. 95f. Inanimate.
Principally owing to the extreme dulness of busi-
ness, and a few speculative sales, Consols have re-
ceded per cent., viz., to 94f / for money, and to
for the account.
The New Threes are 94 1 1; Reduced An-
nuities 941 ; Red Sea Telegraph, 201 ; Exchequer
13 ills 245. prem. for June; Bank of England Stock,
255 2541 ; India 5 per Cents., 111/ 111 ; ditto 4
Per Cents., 991 1; ditto Enfaced 4 per Cents., 87 ;
ditto 5 per Cents., 1031 ; ditto 5i per Cents, 108 ;
ditto 5 per Cent. Debentures, 105/ ; ditto Bonds
under £l,OOO, 655. prem.
There has been a little more activity in the
Foreign Market. Greek have advanced 1, to 161 ;
Italian 1, to 49i 1 ; Mexican 1, to 16 1 ; Spanish
Passive 1, to 218 221 ; Certificates /I-, to 151 161 ;
Turkish 5 per Cents. have declined 1, to 311 1;
Chilian Scrip remain at 21 14 die. ex div. ; and
Russian Scrip is 1 better, at 1 1 prem.
American Securities are unchanged, with the ex-
ception of United States 5-20 Bonds, which are 1
lower, at 721 ; Erie Shares are 461 47 ; and
Illinois, 761 77g.
Only a moderate amount of business has been
transacted in the Railway Share Market, and the
downward movement in prices has made further
Progress. Metropolitan have receded 1, Lancashire
and Yorkshire 1, Great Western Brighton 1,
Great Northern 1, ditto A Stock 1/, and Mid-
land I+.
The Foreign and Colonial lines show little varia-
tl°o• Great Luxemburg are dealt in at 101 1.
Antwerp and Rotterdam at 81, East Indian at
1071 108, and Great Indian Peninsula at 107 1071.
For Bank shares there is still a very limited in-
lAtiirY• London and Westminster have receded to
; and Bank of Australasia to 64 ; London and
County are marked 55.
Miscellaneous and Finance Shares remain without
alteration in values. Anglo-American Telegraph
are dealt in at 18., ;, Hudson's Bay Company at
P
151 ; National Discount Company at 11/ 1 ;
eninsular and Oriental Steam at 421 43 ; and
v
'ceroy of Egypt's Mortgage Loan at 684 1.