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

MONEY MARKET

AND
COMMERCIAL INTELLIGEM2di,

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 £350,000.

Atlantic and Great Western Railway Debentures
are steady, at 28.30, and the Consolidated Mort-
gage Bonds at 221 23i.
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.,
Making a profit for the half year of £25,800
9s. 101 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
Plane £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 ordinary stock of the compay, £300,000,
at the rate of 10 per cent. per annum, less Income-
tax, 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 of England for the
week ending the 24th July gives the following re-
sults when compared with the previous week :
Fa £3,361,249 ... Increase £6,921
Public deposits ... 4,697 247 Increase 78,874
Other deposits ... 20,775,813 ... Decrease 119,712
government
the other side of the account :
rs securities £12,830,773 No change
.?..ther securities ... 17,248,489 Decrease £328,018
A 038 Unemployed 12,555,180 ... Increase 194,925
The amount of notes in circulation is £24,002,715,
being. an increase of £196,715 ; and the stock of
bullion in both departments is £22,771,864, showing
all increase of £85,138 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 week

At present.

last year.
li.tank bullion ... ... .£22,771,864 £13,716,829
Notes
in reserve... ... 13,769,149 ... 3,153,739
kotes in circulation ... 24002,715 ... 25,263,190
Rate of discount ... 2 per cent. 10 per cent.
trice of Consols 91# 88i
11
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 bad 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
°Le the general meeting on the 23 of August next.
It states that the net profits for the eleven months
ending 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
.?! the two cables and the lines of the New York,
alevefoundland, and London Telegraph Company.
The
charge for repair of the cable damaged in May
Last will amount to between £ll,OOO and f 12,000 ;
rile, with respect to the accident which occurred a
days ago, it is stated that immediate steps will
ue taken to effect the necessary repairs. The direc-
tors recommend a dividend of 255. per share, which,
with the 20s. already paid, will make nearly 23 per
"at. for the year. They further recommend that
the sums of £209 2s. sd. and £10,680 4s. 6d. be car-
ried forward to the credit of next year's revenues.
The Bank of France return this week shows an
Ilerease of £460,000 in the stock of bullion, and
the stagnation of business is further indicated by a
reduction of £310,000 in the bills under discount.

Two o'CLOCK.

*, Rather more business has been transacted to-
'air in the Market for the English Funds, which,
!Wing to a preponderance of speculative sales, have
declined I, viz., to 93k j. for money, and to 93i 94
f°r the account. The New Threes and Reduced
itnnuities are 93f ; Bank of England Stock, 2571 ;
ndin Stock, 220 ; ditto 5 per Cents., 111.1 ; and
ditto 4 per Cents. 981 ; and ditto Bonds, 665.
prem.

Some depression has prevailed in the Foreign
Stock Market, and prices generally exhibit a de-
Italian are 4 lower, at 48 ; Mexican at
15i 4 ; Spanish Passive I, at 21 # ; the Certifi-
cates I, at 16 ; Turkish 5 per Cents. 4, at 294 e ;
sad the Chili= Scrip t, at 24 2 dis. ; Greek, how-
ever, remained unchanged at 134 14.
A firmer tone has prevailed in the Railway
Share Market, and an advance of about I to
per cent, has been established. Great Western,
Brighton, North Eastern (Berwick), and South
Eastern have each improved 4. ; North Western
Tand Midland, each 4; and Metropolitan 1 ; while
Zalloashire and Yorkshire, and Manchester, Shef-
'eld, and Lincoln each declined
The Foreign and Colonial lines are flat. San
1,
~. auto have receded to 154 ; South Austrian and
Lombardo-Venetian remain at 144 ; Great West-
ern of Canada, at 144 ; East Indian, at 108 1084 ;
and Great Indian Peninsula, at 1074.
American Securities are fiat. United States 5-20
Bonds have declined 4, to 724 4 ; and Erie shares
t 0 47 48 ; Illinois shares remain at 76 77, being
steady.
Bank shares show little animation, and the few
dealings reported have been at about previous rates.
Alliance are marked 13i ; London and County,
; London and Westminster, 102 1021 ; and
1341 4 of London, 394
11iscellaneous and Finance Shares generally are
at Slightly reduced rates. Anglo-American Tele-
PiPti have receded to 174 ; Berlin Water Works
to 12 ; Peninsular and Oriental Steam to 48 ; and
leeroYd Egypt's Mortgage Lo to 674 ; National
Discount Company remain steady at 12.

MINING MARKET.
FRIDAY AFTERNOON.
In the market to-day more activity has prevailed,
and prices have slightly advanced. Annexed are the
latest prices :--
Uhiverton 3door ...... 9houtales Gold ...... 51. 5
lai6fTord Amalgamate 7 7f
't 8a55...........
Fast Caradon ......... 15 16.
5 51
ast Lovell .........1 7
Est Russell ....... ...
..... ;st Wheal Grenville 14 2
eat Laxey ... ...... 151 161
Great, Wheal Vor ... 16 17 North Valley ......... 41 41 t Crotty ......... 3 3

N. Treskerby 17s 6d 20s Od
Prince of Wales 556 Od 57s 6d
Providence Mines ... 27 28
South Condurrovv lls 13s Od
Tincroft
West Chiverton 66 67i
West P. of Wales ...
Wheal Basset
Wheal B tiller —
Wheal Chiverton 7 71

Wheal Grenville los 17s bit
Wheal Seton llO 115

BRITISII FUNDS—CLOSING PRICES.
n CiOPP.B.NMENT FUNDS.
3 per ()eat. Coicsola
941 4 + 81 4
'1)0, Accountsoooooo mum, 9411 8i 4