The Sun.
London, England, 1867-04-16 00:00:00

MONEY MARKET

AND

COMMERCIAL t.I.,iTELLIGE VITA,

TWELVE O'CLOCK.
Gold is still arriving in large quantities from
Australia and other sources of supply, and it is ac-
cumulating at the Bank because the export demand
for the metal, as also for silver, is unusually small.
Nor does there appear to be any contingency likely
to reverse this state of affairs for some time to come.
The balance of trade is in favour of this country,
the exchanges are almost stationary, and in the
principal money markets of Europe the rates
for discount are almost uniform, the average
lowest quotations being as follows :—Loudon,
21 ; Paris, 2 ; Frankfort., 21. ; Hamburg, 21 ;
Berlin, 2.1 ; Amsterdam, 2i ; and Brussels, 2i per
cent. It will be seen that the differences are so
Blight as to render the transmission of bullion to the
Continent an unprofitable operation.
In the Discount Market to-day there is no per-
ceptible change beyond a slight increase in the de-
mand in connection with the settlement in foreign
bonds and the various classes of shares, but the
effect of this will be of a transient character. The
inquiry, though a little larger, is still very moderate,
and the terms for accommodation are as easy as
ever.

With reference to the Venezuela Loan of 1864
the General Credit and Discount Company
Limited, have given notice that against the half-
year's interest (at the rate of £3 per cent.) due Ist
April, 1867, on the bonds of the above loan, a part
Payment out of the funds in hand at the rate of
£2 .78. 6d. per cent., will be made on and after
Tuesday, 23d April (Saturdays excepted), at the
temporary offices of the company, 27, Austinfriars.
The Red Jacket, from Australia, has brought
£66,000 in gold.
An influx of £lOl,OOO in gold took place at the
Bank of England yesterday, together with an efflux
of American eagles to the amount of £l,OOO.
The traffic receipts on the Atlantic and Great
Western Railway for the third week in March
amounted to $116,134, against $93,762 in the cor-
responding period last ear showin an increase of
$22,372. y g

In the report of the Telegraph Construction and
Maintenance, to be presented at the meeting on the
30th instant, the directors congratulate the pro-
prietors on the successful completion of the con-
tracts taken during the past year, and in addi-
tion nto the 600 miles of submarine cables
laid down by the company they have during
theyear manufactured and submerged 2,167 miles of
cable. After reserving the sum of £lO,OOO for
maintenance of the Malta and Alexandria Tele-
graph there remains a balance of profit of
£122,426 Os. 5d., ct
from which is dedued the sum
ofent £13,213 125., the interim dividend of 2f per'
C. paid to the proprietors to June 30th,
1866, leaving the sum of £109,212 Bs. sd.
for disposal, which the directors propose to
appropriate as follows :—To pay to the pro-
prietors the balance of interest on capital at 5 per
"at) £15,246 155., and a further dividend at 5 per
cent, per annum
Cent £30,529 10s., making up 10 per
. Crpe annum (free of income-tax), and out of
the reserved fund a sum of £35,328 19s. 4d., which
will at once increase that fund to the maximum
amount of £50,000 mentioned in Article 8 of the
articles of association, and to carry £28,089 4s. ld.
to next year's profit and loss account.
the Foreign and Colonial Produce Markets
dui r ing the last few days there has been very little
anmation. The operations on tea having been
postponed until the public sales, which commence
to-day Sugar has retrained without any material
alteration iu value, while superior qualities of coffee
have maintained full rates. Tallow has been
neglected, and quotations for present and forward
delivery are a shade lower.
At the adjourned meeting, held to-day, of the
Oriental Mutual Steam Company the report and
Statement of accounts for the year ending the 30th
September, 1866, was .submitted. It was stated
that the gross receipts of the steamers, exclusive of
the voyages made on the river Jhelum, amount to
£54,350 17s.
Year 5d., against £37,651 115,9 d. in the
1864-5, giving an increase of £16,699 58. Bd.;
while the net receipts, after deducting .all working
Charges are £4,117 17s. 9d. in excess of those of
bprePreceding year, leaving, instead of a loss, a
account on the 30th September last.
At the meeting held to-day of the Agra Bank
the report of the directors vas submitted and
adopted by the shareholders.

As usual Two O'CLOCK.
after , a steady and substantial advance
to prices, sales of Consols have been slightly pressed
12-daYI causing a tendency towards reaction.
Several speculators, who bought when quotations
were lower, have closed their engagements to
secure the profits within their grasp, but the effect
of the ',
es
little movements, after all, has been of
importance, and the market, supported as it is
by bona fide investments, confidence in home policies
and diminished apprehension both as regards the
Luxembourg affair and the Spanish difficulty, is
very firm. Nevertheless Consols, at the present
moment, are 1 lower than they were last evening,
'viz., 911 for transfer as -well as for the account.
The New Threes and Reduced Annuities are 891 ;
ellequer Bills, 17s. prem ; Bank Stock, 251
253 ; India Stock, 217 ; ditto 5 per Cents., 1091 1 ;
ditto 4 per cents., 94 ; ditto Enfaced 51 per cents.,
1681 ; and ditto Bonds, 525. prem.
The Foreign Stock Market continues firmer.
Italizo have advanced*, 481- 49 ; Spanish Passive,
to zoi
Certificates 1, to 131 1 ; Chilian Scrip
I, to 41 31 dis. ; and Danubian Scrip 1, to 61 51
; Mexican have declined 1, to 151 16 ; Greek
4) to 12!
er dividend.
The dealings in the Railway Share Market have
been to a fair extent, and in a few instances prices
exhibit more firmness. Lancashire and Yorkshire
have improved 11 ; Great Northern A Stock, North
eac,h 1 ;
Western, and Manchester, Sheffield, and Lincoln,
Metropolitan, Midland, and South Eastern,
eacr," 1 ; Great Western, 1 ; and Great Eastern, 1.
G 'Jae Foreign and Colonial lines are rather flat.
Ijeat Luxembourg have declined to 91; Great
tY !stern of Canada, to 13i 1 ; East Indian, to 1071 ;
'while Great Indian Peninsula have improved to 108.
Bxnerican Securities continue steady. United
totates have risen f, to 714 72 ex div. ; Illinois 1,
761 77 but Erie Shares continue at 38
r Atlantic and Great Western Railway Debentures
erinaln steady
AA at 31 32, and the Consolidated
ortgage Bonds at 22 221.
Ban
k Shares are dull, Union of London having
Imperial
to 41f ; London and Westminster, to 93 ;
:zlhe4land perial
1 Ottoman are marked 81; Bank of New
Bank of Australasia, 61.
Miscellaneous and Finance Shares are in mode-
rat° request. Atlantic Telegraph 8 per Cents. have
,e,ceded to
.94i ; and Telegraph Construction sand
'-kallltenance to 121.

LIIITISII FUNDS—CLOSING PRICES.
n GOVERNMENT FUNDS.
'•• Der • . ,
is() 3ut. Consols
8 1-' •
,itecotint, May 9 9l
iq:er Cont. Reduced
New 0" per Cent B9l I
4.1110;.2itc).110, rraCcoieenntt.. Jan.j. 11887934 B9i i-1 3-
-
yrs, expire sth Jan., 1880 —1:: • fur 30 yrs, expire sth April, 1885 —
k... ? (R'+il SHIA, Tel,grapo, Aug., 1908 — -.eoquer Bills, £l,OOO, 3 and 4
Do
£5OO — pm.
per Ct l7 pm
~. Do.
17 pm
tilnik of p £lOO & £.2100
1 ].,,bland Stock. 6
unctioatt Stock, per Cent
I - Ninkst GOVERNMENT SEcultyriEs.
.0_ Accountlol per Cent., April 1874
_217
109 i 1 10
per Cent.
Oct.
1680
94
r,°' 4 Pe' Cent. lB3B
..., Certificates ' •
.1)0.
,n. Enlaced Paper 4 per Cent
i'')°. 6 per Cent., Jan. 1872
1081
11°' 5i per Cent., May 1879
?`-'O. Deb., 5 per Cent., Aug. 1873
)0. Bonds, 5 per Cent., £l,000
0. under £l,000
C
Ar 14:01tEIGN FUNDS—CLOSING PRICES.
lust gentme Republic, 6 per Cent —
irian 13ondtazan 5 per s,ent 5 per Cent, 1859 —
D°. 41 Per Cent., 1852-58-60
, Do
~..,0 r . 1863
• 0 Per Cent., 1865 ~.,,..“, ~,,,,, ~,,