The Sun.
London, England, 1867-04-26 00:00:00

NuNEY -111ARKET

AND
COMMERCIAL INTELLIGENOS,

TWELVE O'CLOCK.
A very steady business is reported in the dis-
count market, and there is some activity, inducing
bankers and bill brokers to attempt an advance of
terms. Affairs for a considerable period having
been stationary the slightest movement is a feature,
so there is much said of the outside mark©t mini-
mum being 24 instead of 2 per cent. Capitalists,
In asking an infinitesimal increase of rate naively
refer to the outflow of gold to the Continent, and
the large sum kept in the country instead of being
Bent:to Loudon, and adroitly disguise the fact that pro-
vincial supplies would be unprofitable to remitters
11411 the metropolitan supplies exceed require-
ments.

A. very moderate amount of business has been
transacted in the Foreign and Colonial Produce
Markets since the reopening of th 3 Easter holidays,
but prices generally have been steadily maintained.
_Sugar sold at former rates. For coffee there has
been a fair demand at in some instances barely pre-
/iclus quotations ; while rice, owing to the smallness
of stocks on hand, is held for enhanced prices. Tal-
low has been in better request, but without material
change as regards values.
MAt a meeting of the shareholders of the Australian
ortgage, Land, and Finance Company, held to-
y' the Payment of a dividend, free of income-tax
for the six months ending Dec. 31, 1866, at the rate
of 10 per cent. per annum (making a total of 10 per
cent, for the year) was declared.
We take the following from the American, com-
menting upon International Postage :—" It is no
uger necessary to
pay
enormous subsidies for rapid
transmission. If this be doubted, let us have an
unlimited mail at a penny a letter, and a limited
beell at any price from a sixpence to a sovereign, and
n the respective earnings of the two will show
Iv bleb has the preference of the public. But in these
days,, of unsubsidized freight and passenger steamers,
the mere statement of the proposition is enough. Any
00e who has studied the matter at all would say
that the
Penny rate in the unlimited mail would be
k.ot °llly self-supporting but profitable, while the
nlgOer rate,
otcompeting with a penny post, could
made to pay one-fourth of its expenses at any
Postal revenues should be matters of secon-
d:ly consideration when the intercourse between
ations is involved. But in this case we can bring
anyexperience
reasonable amount of evidence from past
to show that the revenue would increase
with every reduction till the maximum revenue
and the minimum postage might possibly be reached
a penny letter.
r England and the United States are equally
0e:tell in cheap International Postage. Their unity
language and community of peoples, make it a
smatter of especial importance to them. A vast corre-
s
Pondence would spring up if all in the one country
Who have relatives in the other could write when-
ever they
knowledge
would at the cost of a penny, the mutual
of the peoples would be greatly in-
creased, and each would improve much in the
pinion of the other upon better acquaintance ;
distrust and dislike would gradually give way ;
Confidence and good feeling would predominate
more and more ; the old commerce would be
greatly augmented, and new opinions for trade
would constantly occur ;
and we might even hope
that in
all these various ways the two countries
Would gradually become so bound together that no
madness of their rulers could plunge them into
desolating war, or prevent their standing, ever side
by Side, like true mother and daughter, in the van-
guard of civilisation."
A withdrawal of £B,OOO took place at the Bank
of England yesterday afternoon.
The Bank of England return for the past
Week shows no very important changes, although
it is generally of a favourable character. The bul-
lion has only been decreased to the extent of
£50,587, while the reserve of notes shows an aug-
mentation of £205,425. The other securities have
run off to the extent of £275,166, while a large
increase is shown in the public deposits, and a cor-
responding decrease in the private balances. An-
nexed are the particulars :
Public Deposits... £6,345,829 Increase £947,563
other Deposits 17,833,892 Decrease... 916,625
"t • ... 8,113,149 Increase ... 4,333
04 the other side ef the account :
Uovernment Securities £12,876,158 No alteration.
Other Seeuritiss .. 18,249,706 Decrease... 274,166
ts unemployed ... 10,100,880 Inorease ... 205,425
The amount of notes in circulation is £23,125,385,
a decrease of 1,321,615 ; and the stook of bullion
in both departments is £19,336,927, showing an
decrease of £60,587, when compared with the pre-
vious return.
At a meeting held to-day of the Land Mortgage
Bank of India, the report of the directors showed
a balance in favour of the bank of £23,091 18s. 11d.,
and a dividend of 4 per cent. per annum was
declared.
The third annual general meeting of the share-
holders of the International Land Credit Company
(Limited) will be held on th% 16th of May next.
The return of the Bank of France for the past
week, as compared with the former report, shows
the following alterations :—There has been an
increase of £316,000 in the c ish, of £380,000 in
the commercial bills, of £B,OOO in the advances,
and of £1,560,000 in the current accounts ; but the
notes have decreased £312,000, and the Treasury
balance £666,667.

Two o'CLoci.
According to Reuter's telegram from Paris to-
y, the French Renter were 65f. 70c. Very firm.
Oa Monday next a call of will become due on
the Scinde Railway, Delhi shares, the aggregate
amount of which is not known.
An advance of per cent. has taken place in the
market for consols, which are now quoted at 90i-
In) for transfer and the account. This improve-
eet
Pis occasioned by less discouraging telegrams
,re'ra aris and Berlin, and hence a less warlike
'cell/1g
in speculative circles. Experiencing an in-
creased demand for stock, dealers, as is their wont,
are naturally inclined to run up prices even to the
smallest fractional amount.
The New Threes and Reduced Annuities are 89
:t2 n
; Bank of England Stock, 251 253 ; India Stock,
; ditto 5 per Cents., 110 } ; ditto 4 per Cents.,
(1.4 4 ; ditto Eufaced 5 per Cents., 102 i 1031; and
it° 13onds, 525. prem.ln the Foreign Stock Market increased firmness
4:Be prevailed, and a further slight advance has
leslll exhibited. Mexican Stock has declined it, to
44 I while Italian have improved 4, to 454 ;
''ePatiilah Certificates I, to 121 ; Turkish 5 per
ants. to 271 ; and Russian Scrip 4, to 3/
3i dis,

w Continued buoyancy has prevailed in the Rail-
-4:3' Share Market, but the dealings are not very
numerous, the dealers and speculators being en-
gaged with the usual half monthly settlement.
v Great Eastern and North Western have each ad-
Sha.ileed ; Great Western, Lancashire and York•
South-Eastern
lre, Metropolitan, North-Eastern (Berwick), and
°,ll.th-Eastern each ; and Great Northern 1 ;
wnl,le Caledonian have declined
The Foreign and Colonial lines are in fair
demand, and prices also show an upward tendency.
Crest Luxembourg have improved to 81 ; South-
Austrian and Lombardo-Venetian, to 13i 14i ;
fast Indian are firm at 107-1- 1071 ; and Bombay
and Baroda, at 1011 103.
American Securities are generally firmer. United
States 6-20 Bonds have improved to 69-4- A ;
Erie Shares 11 to 37 38 ; and Illinois Shares, 21,
to 74 75. 47

Atlantic and Great Western Railway Debentures
remain-, steady at 30 31, and the Consolidated
4'l°_rtgage Bonds at 20 21.
Bank and Miscellaneous Shares remain very quiet,
butin most instances maintain former rates, Bank
of Eo -'gypt being dealt in at 33, Atlantic Telegraph
Per Cents. at 901, and National Discount Com-
pany at 111.

MINING MARKET.
LFRIDAT EVENING.
very moderate amount of business has been