The Sun.
London, England, 1867-02-11 00:00:00

MONEY MARKET

A ND
COMMERCIAL IN. TELL-MEW:II,

TWELVE O'CLOCK.
There is very little inquiry in the general discount
market, and affairs remain without change of im-
portance.
The Asia has arrived from New York, but with
only £l,OOO in specie; the Nyanza had also been
announced from Alexandria with about £45,000.
There were no gold operations at the Bank of
England on Saturday.
In the Corn Market during the week the indif-
ferent condition of the English wheat on offer caused
a decline in the value of foreign, which ruled about
Is. to 33. per quarter compared with the highest
Point realised, the anticipated large arrivals on
the coast from the Black Sea having caused some
slight excitement to the trade.
From the manufacturing districts the accounts for
the past week have generally been of a rather un-
favourable character. At Manchester quotations
for cloths and yarns have shown a downward
Movement, with very little inquiry. The woollen
trade of Leeds, Bradford, and Huddersfield has
remained very quiet ; but at Birmingham, Sheffield,
• and Wolverhampton the receipt of some consider-
able orders for exportation to the eastern markets has
caused a more cheerful tone.
To-day has been held the fourteenth meeting of
the Berlin Water Works Company. The report
the directors, taking into consideration the late war
in Prussia, and the subsequent cessation of build-
ing operations in Berlin, think satisfactory. The
general revenue account yields a balance for the
Past half-year of £22,247, from which the Board
recommended a dividend at the rate of 8 per cent.
Per annum free of income tax, leaving £1,887
to be carried forward. The directors, in their
last report, referred to the contemplated con-
struction of additional engines. After mature
consideration of the various tenders submitted to
them, they eventually accepted that of Messrs.
Simpson and Co., who are now actively engaged
in carrying out their contract. The new filters
also alluded to are now completed.
It has been notified that the share subscription
of the British and American Telegraph Company
will close on Wednesday next ; the quotation is li
2i pm. The public will learn with pleasure that
the company has been so speedily and suc-
cessfully floated, as all are so deeply in-
terested in having every possible facility
afforded for telegraphic communication between
the Old and New World. Under so intelli-
gent, as well as respectable, a director, we can-
not doubt that the British and American Tele-
graph Company will prove as profitable to the
shareholders as it will prove advantageous to
the people on both sides of the Atlantic. Already
on the alert with the prospect of a keen competi-
tion, it is understood that the old Atlantic Com-
pany contemplate a reduction on their minimum
tariff for messages from £lO to £5 each.

Two o'CLocK.
According to Reuter's telegram from Paris to -
daY, the French Rentes. were 69f. 37c. Firm.
fo-morrow will commence the bi-monthly settle-
ment of the account at the Stock Exchange, and its
operations are influencing the departments con-
nected therewith. Foreign bonds, it may be noticed,
are very firm, and also American securities, all of
'winch have engaged much attention during the past
fortnight ; but English railway shares, banks, and
miscellaneous companies have been comparatively
neglected. Consols at the present moment are
csteady at 91 91} for money, and 91f 91f for the
aCeella
.

In the Foreign department a fair average amount
of business has been transacted. Spanish Passive
are unaltered in price, but the Certificates are
higher, at 15 I. Mexican, on the other hand, have
receded I, viz., to 18 /1. Italian, likewise, are de-
pressed, being -I down, at 54i 1. Greek have risen
Itol4 I. Turkish Fives are 31 or worse than
°II Saturday afternoon. Russian is 21 4 prem.,
steady ; and Chilian Scrip is still at k 4 prem.
American Securities are steady. Erie Shares
have advanced to 391 40. United States remain
at 7Z I ; and Illinois 801 81.
Itailvray Shares have continued very depressed.
44°11don, Chatham, and Dover, and North-Western
have each declined ; Great Eastern, Metropolitan,
a,Nlidland, North-Eastern, Berwick, and South-
-r'astern, each ;and Great Western 11.
The Foreign and Colonial undertakings exhibit
little variation of importance.
Lank and Miscellaneous Shares remain very
(Piet, and -without any material change in values,
Alliance being dealt in at 17i ; London and County
at 67i 68i ; Union of Loudon at 451 ; Hudson's
c-"a3" Company at 154 16 ; National Discount
°4ll3any at 13,1 ; and Viceroy of Egypt's Mortgage
4-40au improved to 73.