The Sun.
London, England, 1867-01-08 00:00:00

MONEY MARKET

AND
COMMEROIELL INTELLI GENOA.

TWELVE O'CLOCK.

A small amount of business is reported to-day in
the general discount market, and there is no alte-
ration either in the supply or demand.

There were no bullion operations at the Bank of
England yesterday.
Notice has been given that the series of the obli-
gations of the Italian State Domain Loan of 1865.
drawn for payment Ist April next, is letter C.

A meeting of the London and Brazilian Bank
(Limited) is convened for Friday, the 18th inst.
In the Foreign and Colonial Produce Markets
during the last few days there has been much
animation. Prices, however, of most of the prin-
cipal staples have been well supported. Sugar has
fully maintained previous current rates, while
superior qualities of coffee have been in demand at
high quotations. In tea, rice, and cocoa there has
been only a limited business transacted, but tallow
has been in better demand, chiefly on speculative
account, and prices for both present and forward
delivery are well maintained.

The Paragnassu Steam Tramroad Company
(Limited)- has been announced. It is established
by charter from his Imperial Majesty the Emperor
of Brazil, agreeably to the decree of the Legisla-
ture, and incorporated under the Companies Act,
1862. The length of the tramroad is about 250
English miles, and the share capital is £1,500,000,
in 75,000 shares of £2O each ; of these
56,000 shares have been appropriated ; over
22,000 have been subscribed for in Brazil ;
4,000 more are reserved for that country, leav-
ing 15,000 shares to be offered to the Eng-
lish public, £1 per share deposit on application, and
£1 per share on allotment being required. The calls
are not to exceed £2 per share, payable at intervals
of not less than six months. Interest on the paid-
up capital, at the rate of 7 per cent. per annum, to
be paid half-yearly during the construction of the
lines by the company pursuant to the requirements
of the charter. The directorate is very influential.
The silver market is particularly quiet. An-
nexed are some of the latest quotations : —Bar
gold, 775. 9d. per oz. standard ; do., parting,
775. lOid. do. ; doubloon; Spanish, 755. to 755. 6d.
per oz. ; do., Mexican and South American, 725. 9d.
to 745. do. ; United States eagles, 765. 21d. ; do.
Bar silver, ss. id. per oz. standard; do., containing
gold (five grains and upwards), ss. lid. ; do. dol-
lars, Mexican, 45. 11;d. per oz. ; English cake
silver, 655. id. do.
The market for hides has generally presented a
steady appearance during the past year. Prices
have, as usual, fluctuated, but not to so great an
extent as might have been expected from the excep-
tional state of the money market ; in fact, consi-
dering the stringency that ruled for so long a period,
the hide trade may be said to have felt its effects
but slightly ; and upon the whole a fair amount of
business has been done. In petroleum the leading
feature during the past year, has been the decline
of nearly 75 per cent. from the highest quotations.
The supplies during the latter half of the year in-
creased beyond all expectation, and the import for
the whole of 1866 was 119,532 barrels against
23,703 barrels in 1865. The decline in price com-
menced with the opening of the past year,
and has experienced but slight interruption, although
the market has been occasionally steady, with some
short periods of reaction. From January to March
quotations were lowered from 3s. 3d. to 2s. per gal-
lon for American refined, with some slight recovery
before the close of the latter month. Froin April to
June the market was mostly steady at 2s. 2d. to
2s. 3d., but 2s. was quoted at the close of the latter
month. In July prices declined to ls. 11d. and
ls. 10d., but slightly improved in the following
month, 2s. being paid at the close. In September
there was again a tendency to lower rates, which has
continued almost without check to the close of the
year, stocks pressing heavily, and forced sales, con-
sequent upon, or attending large failures in the trade,
giving the market little chance of improvement.
During the past month very low prices have been
accepted, refined has been disposed of at ls. 4d. ;
crude quoted £l3 per ton, but almost unsaleable.
The market is now more steady, at is. sd. to Is. Gd.
per gallon for American refined.

All substantial securities dealt in at theCLOCK Stock
Exchange are improving in market value, for the
public look with considerable fear upon a large pro-
portion of the joint stock companies quoted in the
official lists. Yet there is growing confidence, and
besides the securities representing home and foreign
Governmental debts, Railway shares and even de-
bentures are now in greater favour than they have
been since the difficulty about the London,
Chatham, and Dover—a valuable property which
under judicious manipulation must ultimately
prove remunerative to all who have embarked in
the undertaking. Consols are now 91, 4. for money
and the present account, and 94, I for the Feb-
ruary settlement, a further rise of 4.: and conse-
quently 4. p..r cent. higher than they were this day
week.
In the Foreign Stock Market there has not been
much animation, and prices are a shade flatter.
Mexican Stock has declined
*, to 18 18f, Spanish
Passive to 211, *, while Greek Bonds have im-
proved t, to 14f, 1.
The dealings in the Railway Share Market have
been to an average extent, but prices generally
show a slight depression. Brighton have declined
; Great Eastern, Great Northern A Stock, Lanca-
shire and Yorkshire, North Western, and Metropo-
litan each * ; Great Western 4 ; and South Eastern
1 ; while Midland have improved 4..
The Foreign and Colonial lines remain without
material alteration in values. South Austrian and
Lombardo-Venetian are marked 151 ; Grand Trunk
of Canada 21 24 4 ; Great Western of Canada,
13 4 ; and Great Indian Peninsula, 105/ 106.
American Securities are slightly depressed.
United States 5-20 Bonds have declined -a to
721 4 ; Illinois, I to 81* 82 ; but Erie shares re-
main firm at 451 461.
Atlantic and Great Western Railway Debentures
are steady at 54 56, and the Consolidated Mortgage
Bonds at 41f 42.
Bank Shares are quiet, Alliance being dealt in a t
184., City Bank at 15, London and County at 65i ;
London and Westminster at 994 ; and Union of
London at 454
Miscellaneous and Finance Shares show little
change of importance. Credit Foncier of England
are steady at 3 34 ; Hudson's Bay Company at 161 ;
National Discount Company at 141 ; Royal Mail
Steam have improved to 105 ; and Peninsular and
Oriental Steam to 664.